Keramix · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Keramix is 0.9% (low). The 2024 annual accounts show equity of €40k and a net result of €-223. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 3381 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 3381 peers (2024). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 27 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	24-06-2025	37 d early	2025-00168865
31-12-2023	31-07-2024	19-06-2024	42 d early	2024-00146436
31-12-2022	31-07-2023	29-06-2023	32 d early	2023-00175867
31-12-2021	31-07-2022	28-06-2022	33 d early	2022-20100421
31-12-2020	31-07-2021	25-06-2021	36 d early	2021-25300342
31-12-2019	31-07-2020	27-08-2020	27 d late	2020-45400305
31-12-2018	31-07-2019	22-08-2019	22 d late	2019-49400513
31-12-2017	31-07-2018	30-08-2018	30 d late	2018-56800057
31-12-2016	31-07-2017	30-04-2018	273 d late	2018-11500465
31-12-2015	31-07-2016	14-10-2016	75 d late	2016-65800066

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2015, 11 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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€13k-90.4%

EBIT margin96.7%+96.3pp

Net result€-223+80.7%

Working capital€39k-0.1%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 24-06-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 7 fiscal years (±0.2%/year).

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 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	99.1%	25.2%	better than 95% of 3381 sector peers
Net result	€-223	€4k	better than 38% of 3367 sector peers
Equity	€40k	€22k	better than 61% of 3388 sector peers
Total assets	€40k	€105k	better than 26% of 3386 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2024 · n=977-3381

Net result P38

Stable position over 2020-2024 · n=974-3367

Equity P61

Stable position over 2020-2024 · n=981-3388

Gross operating margin P25

Stable position over 2020-2023 · n=972-3006

Describes the position versus peers, not a forecast.

Revenue

€13k

-90.4% 18-24

EBITDA

€0

- 18-24

Net profit

€-223

+80.7% 18-24

Cash flow

€-24

+93.2% 18-24

Total assets

€40k

-0.5% 18-24

Equity

€40k

-0.6% 18-24

Working capital

€39k

-0.1% 18-24

Income taxes

€966

-85.5% 18-24

Show 11 other metrics

Debt

€364

+5.2% 18-24

Debt ≤ 1y

€364

+5.2% 18-24

Current ratio

109.31

-5.0% 18-24

Quick ratio

90.18

-5.0% 18-24

Solvency

99.1%

0.0% 18-24

Debt / equity

0.01

+5.8% 18-24

ROE

-0.6%

+80.5% 18-24

ROA

-0.6%

+80.6% 18-24

Net margin

145.7%

+1381.4% 18-24

EBITDA margin

103.1%

+9857.6% 18-24

Interest coverage

0.00

- 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€0
Net profit	€-223
Cash flow	€-24
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€40k
Equity	€40k
Debt	€364
of which ≤ 1y	€364
of which > 1y	-
Working capital	€39k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	109.31
Quick ratio	90.18
Working capital ratio	97.6%
Solvency	99.1%
Debt / equity	0.01
Long-term debt ratio	-
Interest coverage	0.00
Gross margin	-
Net margin	-
ROA	-0.6%
ROE	-0.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €596 · 1.5% Current assets €40k · 98.5%

Equity & liabilities

Equity €40k · 99.1% Debt €364 · 0.9%

Full annual accounts (19 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€40k
Fixed assets	21/28	€596
Tangible fixed assets	22/27	€596
Current assets	29/58	€40k
Stocks & contracts in progress	3	€7k
Amounts receivable within one year	40/41	€33k
Cash & bank	54/58	€0
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€40k
Equity	10/15	€40k
Contributions / capital	10/11	€19k
Reserves	13	€8k
Accumulated profits (losses)	14	€14k
Amounts payable	17/49	€364
Amounts payable within one year	42/48	€364
Income statement
Operating result	9901	€-199
Financial charges	65	€24
Result before taxes	9903	€-223
Net result for the period	9904	€-223
Result to be appropriated	9905	€-223

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

60 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

Keramix

Berkenstraat 117, 3530 Houthalen-HelchterenGroothandel in bouwmaterialen, algemeen assortiment

since 20152.240.010.607

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area1.1 ha

Buildings2

Building footprint1,066 m²

Volume (LiDAR)747 m³

Tallest building8.4 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Flanders 2 (100%)