Summary
KER 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 €56k and a net result of €979. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 73% of 5547 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
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. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €56k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
30 d late
2023
31 d late
2022
30 d late
2021
31 d late
2020
10 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date Which other companies resemble this one?Lookalike companies
Financials · fiscal year 2025, abbreviated schema
Equity
€56k▲ 1.8%
2024 · €55k
Net result
€979▼ 80.1%
2024 · €5k
Total assets
€73k▼ 25.0%
2024 · €97k
Solvency
77.0%▲ 20.3pp
2024 · 56.8%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-7k€-10k▼ 33.1%€13k€12k▼ 5.3%€8k▼ 36.7%
Net result€-9k€-12k▼ 26.7%€7k€5k▼ 25.7%€979▼ 80.1%
Equity€55k▼ 14.2%€44k▼ 21.0%€50k▲ 15.2%€55k▲ 9.8%€56k▲ 1.8%
Total assets€148k▲ 30.2%€113k▼ 23.9%€109k▼ 3.9%€97k▼ 10.4%€73k▼ 25.0%
Debt€93k▲ 88.1%€69k▼ 25.6%€58k▼ 15.9%€42k▼ 27.8%€17k▼ 60.1%
Working capital€72k▲ 8.1%€54k▼ 24.4%€52k▼ 4.3%€53k▲ 1.0%€58k▲ 11.0%
Solvency37.3%▼ 19.3pp38.7%▲ 1.4pp46.3%▲ 7.7pp56.8%▲ 10.4pp77.0%▲ 20.3pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€355 ▼ 93.1%
Current assets
€73k ▼ 21.2%
Equity and liabilities €73k
Equity
€56k ▲ 1.8%
Debt
€17k ▼ 60.1%
Debt's share of the balance-sheet total falls from 43.2% to 23.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.7%▼
2024 · 8.9%
ROA
1.3%▼
2024 · 5.1%
Debt ≤ 1 year
€14k▼
2024 · €40k
Debt > 1 year
€3k=
2024 · €3k
Income taxes
€6k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5k | €23 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €12k | €12k | €11k | €5k | ▼ 52.7% |
| Other operating charges640/8 | €3k | €661 | €759 | €781 | €807 | ▲ 3.3% |
| Gross operating margin9900 | €2k | €3k | €25k | €24k | €14k | ▼ 42.8% |
| Operating profit (loss)9901 | €-7k | €-10k | €13k | €12k | €8k | ▼ 36.7% |
| Financial income75/76B | €935 | €1k | €1k | €3k | €69 | ▼ 97.3% |
| Recurring financial income75 | €935 | €1k | €1k | €3k | €69 | ▼ 97.3% |
| Financial charges65/66B | €2k | €985 | €716 | €494 | €342 | ▼ 30.7% |
| Recurring financial charges65 | €2k | €985 | €716 | €494 | €342 | ▼ 30.7% |
| Profit (loss) for the period before taxes9903 | €-8k | €-10k | €13k | €14k | €7k | ▼ 48.0% |
| Income taxes67/77 | €1k | €2k | €7k | €9k | €6k | ▼ 30.8% |
| Profit (loss) for the period9904 | €-9k | €-12k | €7k | €5k | €979 | ▼ 80.1% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-12k | €7k | €5k | €979 | ▼ 80.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148k | €113k | €109k | €97k | €73k | ▼ 25.0% |
| Fixed assets21/28 | €42k | €28k | €16k | €5k | €355 | ▼ 93.1% |
| Tangible fixed assets22/27 | €42k | €28k | €16k | €5k | €355 | ▼ 93.1% |
| Furniture and vehicles24 | €42k | €28k | €16k | €5k | €355 | ▼ 93.1% |
| Current assets29/58 | €106k | €85k | €92k | €92k | €73k | ▼ 21.2% |
| Amounts receivable after more than one year29 | €33k | €36k | €39k | €38k | €48k | ▲ 26.5% |
| Other amounts receivable291 | €33k | €36k | €39k | €38k | €48k | ▲ 26.5% |
| Amounts receivable within one year40/41 | €21k | €19k | €26k | €19k | €7k | ▼ 62.1% |
| Trade receivables40 | €10k | €9k | €17k | €10k | €7k | ▼ 27.5% |
| Other amounts receivable41 | €10k | €10k | €9k | €9k | - | - |
| Cash at bank and in hand54/58 | €51k | €26k | €23k | €28k | €9k | ▼ 67.5% |
| Deferred charges and accrued income490/1 | €2k | €4k | €5k | €7k | €8k | ▲ 17.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148k | €113k | €109k | €97k | €73k | ▼ 25.0% |
| Equity10/15 | €55k | €44k | €50k | €55k | €56k | ▲ 1.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | €6k | €6k | €6k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €47k | €36k | €42k | €47k | €48k | ▲ 2.1% |
| Amounts payable17/49 | €93k | €69k | €58k | €42k | €17k | ▼ 60.1% |
| Amounts payable after more than one year17 | €59k | €39k | €18k | €3k | €3k | = |
| Financial debts170/4 | €59k | €39k | €18k | €3k | €3k | = |
| Amounts payable within one year42/48 | €34k | €31k | €40k | €40k | €14k | ▼ 64.1% |
| Current portion of amounts payable after more than one year42 | €20k | €20k | €20k | €19k | €4k | ▼ 80.8% |
| Trade debts44 | €3k | €2k | €3k | €3k | €1k | ▼ 56.3% |
| Suppliers440/4 | €3k | €2k | €3k | €3k | €1k | ▼ 56.3% |
| Taxes, remuneration and social security45 | €11k | €8k | €16k | €18k | €9k | ▼ 47.0% |
| Taxes450/3 | €11k | €8k | €16k | €18k | €9k | ▼ 47.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-12k | €7k | €5k | €979 | ▼ 80.1% |
| + Depreciation and write-downs630 | €7k | €12k | €12k | €11k | €5k | ▼ 52.7% |
| Operating cash flow (approximation) | €-2k | €348 | €18k | €16k | €6k | ▼ 61.2% |
| Investment in fixed assets (approximation) | - | €2k | €0 | €0 | €-420 | - |
| Change in cash | - | €-25k | €-2k | €5k | €-19k | ▼ 495% |
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
Next filing, fiscal year 2026, expected by
2026
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 5.12
Current ratio from 2.33 to 5.12; short-term debt falls from €40k to €14k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 37 days late
2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 36 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2007
Ground area
760 m²
Building footprint
210 m²
Volume, LiDAR
1,309 m³
2 parcels, Brussels, Wallonia · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
445
companies at this address
See who is registered here
1 establishment unit
Rue de Nivelles 30, 1330 Rixensart
since 20072.168.670.372
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091B0062/00B000 | Wallonia | 417 m² | 1 · 111 m² | 7.2 m · 2 fl. |
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 10,771 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.