Kepler Ground
The computed 12-month bankruptcy probability of Kepler Ground is 1.0% (low). The 2025 annual accounts show negative equity (€-576k) and a net result of €-567k. Equity is shrinking by ~757.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 528 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-576k |
| Net result | €-567k |
| Better than sector | 5% |
| Active | 4 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -26.1% | 16.2% | |
| Net result | €-567k | €6k | |
| Equity | €-576k | €152k | |
| Gross operating margin | €223k | €78k | |
| Total assets | €2.21M | €1.34M |
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-354k |
| Net profit | €-567k |
| Cash flow | €-566k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €2.21M |
| Equity | €-576k |
| Debt | €2.78M |
| of which ≤ 1y | €1.61M |
| of which > 1y | €1.17M |
| Working capital | €590k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 1.37 |
| Quick ratio | 0.01 |
| Working capital ratio | 26.7% |
| Solvency | -26.1% |
| Debt / equity | -4.83 |
| Long-term debt ratio | -2.02 |
| Interest coverage | -1.67 |
| Gross margin | - |
| Net margin | - |
| ROA | -25.7% |
| ROE | 98.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.21M |
| Formation expenses | 20 | €564 |
| Current assets | 29/58 | €2.20M |
| Stocks & contracts in progress | 3 | €2.19M |
| Amounts receivable within one year | 40/41 | €995 |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.21M |
| Equity | 10/15 | €-576k |
| Contributions / capital | 10/11 | €50k |
| Accumulated profits (losses) | 14 | €-626k |
| Amounts payable | 17/49 | €2.78M |
| Amounts payable after one year | 17 | €1.17M |
| Amounts payable within one year | 42/48 | €1.61M |
| Trade debts payable within one year | 44 | €15k |
| Income statement | ||
| Gross operating margin | 9900 | €223k |
| Operating result | 9901 | €-354k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €212k |
| Result before taxes | 9903 | €-567k |
| Net result for the period | 9904 | €-567k |
| Result to be appropriated | 9905 | €-567k |
-
INCIPIOLegal entityDirector· perm. rep.: CUSTERS Frank Ivo JohanState Gazette act 22365870 (14-10-2022)Current06-10-2022 → present
-
Kepler IndustriesLegal entityDirector· perm. rep.: VANGENEUGDEN DennisState Gazette act 22365870 (14-10-2022)Current06-10-2022 → present
Former directors (2)
-
Incipio BVLegal entityDirector· perm. rep.: Incipio BVState Gazette act 24149587 (17-10-2024)Former- → 17-10-2024
-
LidenLegal entityDirector· perm. rep.: VANGENEUGDEN DennisState Gazette act 22365870 (14-10-2022)Former- → 06-10-2022
| NACE primary | Handel in eigen onroerend goed(68110) |
| Legal form | Private limited company(610) |
| Incorporation | 16-08-2021 |
| Status | Active |
| Postal code | 3500 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00C003 | Flanders | 5,413 m² | 1 · 1,479 m² | 20.9 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
17-10-2024 Incipio BV resigns as director
- Incipio BV, Bestuurder
Technical details
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}14-10-2022 2 directors appointed, 1 resigning
- VANGENEUGDEN Dennis, Bestuurder
- CUSTERS Frank Ivo Johan, Bestuurder
- VANGENEUGDEN Dennis, Bestuurder
Technical details
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"een uitgifte van het proces-verbaal",
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Kepler Ground |