Checked.be
Active
BE 0873.753.036Private limited company
KENGAR
Albert Servaesdreef 10 ·9830 Sint-Martens-Latem, Belgium· 21 yrs active
Sector: Activities of holding companies
(64210)
Conclusion
KENGAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €584k and a net result of €91k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 21% of 5394 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €584k |
| Net result | €91k |
| Better than sector | 21% |
| Active | 21 yrs |
Financial profile
66
/ 100
Strong profile, led by stability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
Health
-
Profitability
58
Solvency
27
Growth
78
Stability
100
Bankruptcy probability (12 mo)
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.
Financial overview
Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~6.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.6% | 51.9% | |
| Net result | €91k | €53k | |
| Equity | €584k | €623k | |
| Gross operating margin | €264k | €87k | |
| Total assets | €2.98M | €1.55M |
€91k
+391.6%
22-25
€2.98M
-26.7%
22-25
€584k
+18.3%
22-25
1
-25.0%
22-25
€29k
-21.1%
22-25
€59k
+196.5%
22-25
€86k
0.0%
22-25
€2.40M
-33.0%
22-25
€2.25M
-34.1%
22-25
€150k
-11.1%
22-25
19.6%
+61.5%
22-25
15.5%
+315.4%
22-25
3.0%
+571.0%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a |
| Net profit | €91k | €18k | €22k | €25k |
| Cash flow | n/a | n/a | n/a | n/a |
| Staff costs | - | - | €29k | €37k |
| Income taxes | €59k | €20k | €21k | €24k |
| Dividends | - | €86k | - | €86k |
| Total assets | €2.98M | €4.07M | €5.20M | €4.17M |
| Equity | €584k | €494k | €490k | €468k |
| Debt | €2.40M | €3.57M | €4.71M | €3.70M |
| of which ≤ 1y | €2.25M | €3.41M | €4.52M | €3.68M |
| of which > 1y | €150k | €168k | €189k | €22k |
| Working capital | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | 0.6 | 0.8 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a |
| Solvency | 19.6% | 12.1% | 9.4% | 11.2% |
| Debt / equity | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a |
| ROA | 3.0% | 0.5% | 0.4% | 0.6% |
| ROE | 15.5% | 3.7% | 4.5% | 5.4% |
| EBITDA margin | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.98M | €4.07M | €5.20M | €4.17M |
| Fixed assets | 21/28 | €490k | €487k | €318k | €262k |
| Tangible fixed assets | 22/27 | €475k | €471k | €303k | €246k |
| Financial fixed assets | 28 | €16k | €16k | €16k | €16k |
| Current assets | 29/58 | €2.49M | €3.58M | €4.88M | €3.91M |
| Stocks & contracts in progress | 3 | €900k | €1.18M | €2.17M | €2.20M |
| Amounts receivable within one year | 40/41 | €1.23M | €2.25M | €2.49M | €1.60M |
| Cash & bank | 54/58 | €83k | €101k | €167k | €85k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.98M | €4.07M | €5.20M | €4.17M |
| Equity | 10/15 | €584k | €494k | €490k | €468k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €507k | €416k | €483k | €461k |
| Amounts payable | 17/49 | €2.40M | €3.57M | €4.71M | €3.70M |
| Amounts payable after one year | 17 | €150k | €168k | €189k | €22k |
| Amounts payable within one year | 42/48 | €2.25M | €3.41M | €4.52M | €3.68M |
| Trade debts payable within one year | 44 | €282k | €1.01M | €1.24M | €538k |
| Income statement | |||||
| Turnover | 70 | €2.39M | - | - | - |
| Gross operating margin | 9900 | €264k | €202k | €237k | €180k |
| Operating result | 9901 | €224k | €163k | €173k | €89k |
| Financial income | 75 | €33k | €20k | €20k | €17k |
| Financial charges | 65 | €108k | €145k | €150k | €56k |
| Result before taxes | 9903 | €149k | €38k | €43k | €49k |
| Income taxes | 67/77 | €59k | €20k | €21k | €24k |
| Net result for the period | 9904 | €91k | €18k | €22k | €25k |
| Result to be appropriated | 9905 | €91k | €18k | €22k | €25k |
Legal Structure
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 04-05-2005 |
| Status | Active |
| Postal code | 9830 |
Establishment units
KENGAR
since 20062.151.817.910
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0767/00B000 | Flanders | 2,997 m² | 1 · 385 m² | 12.5 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 1 day late
2025
29-06
Financial
Highest result since 2022net €91k ▲392%
Operating result €224k, net result €91k, both a record.
29-06
Financial
Equity above €500kEq €584k ▲18.3%
4 profitable years in a row build equity to €584k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 2 days late
2024
29-06
Financial
Weakest financial yearnet €18k ▼15.9%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 45 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
03-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Holdings64200Activities of holding companies64210Development of residential building projects68121
Names & trade names
| Legal nameNL | KENGAR |
Similar companies
DAHO
BE 0635.840.542 · Scherpenheuvel-Zichem
KRISKARILLY
BE 0445.482.002 · Oostende
NIELS JORDENS MANAGEMENT SERVICES
BE 0892.609.935 · Hasselt
ARIES BUSINESS SYSTEMS
BE 0660.885.942 · Schoten
LINSSEN TOON
BE 0819.105.117 · Maaseik