Kepler Ground
ActiveSummary
Kepler Ground has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€576,323) and a net result of -€566,601. Equity is shrinking by ~757.3% per year across the filed fiscal years. Its solvency ranks better than 8% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
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Signals
This company filed its last 3 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 562 companies that looked in July 2024 the way this one looks now, 7.1% went bankrupt within 24 months and 87% are still going.
- Small
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 562 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €924 | €496 | €496 | = |
| Other operating charges640/8 | €89 | €51,176 | €576,509 | ▲ 1,027% |
| Gross operating margin9900 | -€4,435 | €89,518 | €222,676 | ▲ 149% |
| Operating profit (loss)9901 | -€5,448 | €37,845 | -€354,329 | ▼ 1,036% |
| Financial income75/76B | €0 | - | €0 | - |
| Recurring financial income75 | €0 | - | €0 | - |
| Financial charges65/66B | €3,809 | €88,310 | €212,272 | ▲ 140% |
| Recurring financial charges65 | €3,809 | €88,310 | €212,272 | ▲ 140% |
| Profit (loss) for the period before taxes9903 | -€9,257 | -€50,465 | -€566,601 | ▼ 1,023% |
| Profit (loss) for the period9904 | -€9,257 | -€50,465 | -€566,601 | ▼ 1,023% |
| Profit (loss) for the period to be appropriated9905 | -€9,257 | -€50,465 | -€566,601 | ▼ 1,023% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.9m | €4.6m | €2.2m | ▼ 52.4% |
| Formation expenses20 | €1,556 | €1,060 | €564 | ▼ 46.8% |
| Current assets29/58 | €1.9m | €4.6m | €2.2m | ▼ 52.4% |
| Amounts receivable after more than one year29 | €295,727 | €160,636 | €16,536 | ▼ 89.7% |
| Trade receivables290 | €295,727 | €160,636 | €16,536 | ▼ 89.7% |
| Stocks and contracts in progress3 | €1.5m | €4.3m | €2.2m | ▼ 49.5% |
| Contracts in progress37 | €1.5m | €4.3m | €2.2m | ▼ 49.5% |
| Amounts receivable within one year40/41 | €8,181 | €91,002 | €995 | ▼ 98.9% |
| Trade receivables40 | €8,079 | €72,600 | €893 | ▼ 98.8% |
| Other amounts receivable41 | €102 | €18,402 | €102 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €100 | €1,278 | €2,006 | ▲ 57.0% |
| Deferred charges and accrued income490/1 | €128,274 | €54,960 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.9m | €4.6m | €2.2m | ▼ 52.4% |
| Equity10/15 | €40,743 | -€9,722 | -€576,323 | ▼ 5,828% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€9,257 | -€59,722 | -€626,323 | ▼ 949% |
| Amounts payable17/49 | €1.9m | €4.6m | €2.8m | ▼ 40.1% |
| Amounts payable after more than one year17 | €781,874 | €1.4m | €1.2m | ▼ 18.4% |
| Financial debts170/4 | €781,874 | €1.4m | €1.2m | ▼ 18.4% |
| Amounts payable within one year42/48 | €1.1m | €3.2m | €1.6m | ▼ 49.7% |
| Current portion of amounts payable after more than one year42 | €1.1m | - | - | - |
| Financial debts43 | - | €3.2m | €1.6m | ▼ 49.3% |
| Credit institutions430/8 | - | €3.2m | €1.6m | ▼ 49.3% |
| Trade debts44 | €819 | €26,605 | €15,104 | ▼ 43.2% |
| Suppliers440/4 | €819 | €26,605 | €15,104 | ▼ 43.2% |
| Taxes, remuneration and social security45 | €1,402 | - | - | - |
| Taxes450/3 | €1,402 | - | - | - |
| Other amounts payable47/48 | - | €34,337 | €135 | ▼ 99.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,257 | -€50,465 | -€566,601 | ▼ 1,023% |
| + Depreciation and write-downs630 | €924 | €496 | €496 | = |
| Operating cash flow (approximation) | -€8,333 | -€49,969 | -€566,105 | ▼ 1,033% |
| Change in cash | - | €1,178 | €728 | ▼ 38.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00C003 | Flanders | 5,413 m² | 1 · 1,479 m² | 20.9 m · 4 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 ownerChain of control
- Kepler Industries
- Kepler Ground
Highest known parent: Kepler Industries. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 30-06-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2025 of Kepler Ground and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.