KERASI
ActiveThe computed 12-month bankruptcy probability of KERASI is 5.0% (elevated). The 2025 annual accounts show equity of €123k and a net result of €21k. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 61% of 18040 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-2
Solvency72▼-6
Growth78=
Track record84
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 1.6 against 1.8 in 2024; short-term debt: 49.7% and cash: 66% of total assets), but 53.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.7%
Return on assets
8.1%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
11 d early
2024
55 d late
2023
351 d late
2022
25 d early
2021
39 d early
2020
39 d early
2019
36 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€123k▲ 21.0%
2024 · €102k
2018: €-3k
2019: €-2k
2020: €26k
2021: €73k
2022: €65k
2023: €76k
2024: €102k
2018 → 2025
Total assets
€263k▲ 37.4%
2024 · €192k
2018: €62k
2019: €60k
2020: €83k
2021: €189k
2022: €181k
2023: €165k
2024: €192k
2018 → 2025
Net result
€21k▼ 15.9%
2024 · €25k
2018: €9k
2019: €1k
2020: €28k
2021: €47k
2022: €-8k
2023: €12k
2024: €25k
2018 → 2025
Working capital
€79k▲ 38.5%
2024 · €57k
2018: €-22k
2019: €-17k
2020: €12k
2021: €30k
2022: €45k
2023: €26k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€65k▼ 11.0%€76k▲ 17.9%€102k▲ 33.3%€123k▲ 21.0%
Operating result€69k-€4k▼ 94.1%€25k▲ 508%€45k▲ 79.3%€46k▲ 3.5%
Net result€47k-€-8k€12k€25k▲ 119%€21k▼ 15.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263k
Fixed assets
€54k▼ 15.4%
Current assets
€210k▲ 63.4%
Equity and liabilities €263k
Equity
€123k▲ 21.0%
Debt
€140k▲ 56.0%
The debt ratio rises from 47.0% to 53.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63k▲
2024 · €61k
Cash flow
€38k▼
2024 · €42k
Solvency
46.7%▼
2024 · 53.0%
Current ratio
1.60▼
2024 · 1.80
Quick ratio
1.57▼
2024 · 1.73
Debt / equity
1.14▲
2024 · 0.89
ROE
17.4%▼
2024 · 25.0%
ROA
8.1%▼
2024 · 13.2%
Interest coverage
5.13▲
2024 · 4.61
Debt
€140k▲
2024 · €90k
Debt ≤ 1 year
€131k▲
2024 · €71k
Debt > 1 year
€9k▼
2024 · €19k
Income taxes
€13k▲
2024 · €10k
Staff costs
€153k▲
2024 · €108k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€192k€263k▲
Fixed assets21/28€63k€54k▼
Tangible fixed assets22/27€52k€42k▼
Plant, machinery and equipment23€31k€23k▼
Furniture and vehicles24-€2k
Other tangible fixed assets26€21k€17k▼
Financial fixed assets28€11k€11k=
Current assets29/58€128k€210k▲
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€40k€31k▼
Trade receivables40€14k€6k▼
Other amounts receivable41€25k€24k▼
Cash at bank and in hand54/58€83k€174k▲
Deferred charges and accrued income490/1€414€428▲
Equity and liabilities
Total equity and liabilities10/49€192k€263k▲
Equity10/15€102k€123k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€83k€104k▲
Amounts payable17/49€90k€140k▲
Amounts payable after more than one year17€19k€9k▼
Financial debts170/4€19k€9k▼
Amounts payable within one year42/48€71k€131k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€8k€16k▲
Suppliers440/4€8k€16k▲
Advances received on contracts in progress46-€4k
Taxes, remuneration and social security45€54k€101k▲
Taxes450/3€17k€31k▲
Remuneration and social security454/9€37k€71k▲
Accrued charges and deferred income492/3-€330
Income statement
Code20242025
Remuneration, social security and pensions62€108k€153k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€83€837▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€169k€226k▲
Operating profit (loss)9901€45k€46k▲
Financial income75/76B€4k€6▼
Recurring financial income75€4k€6▼
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€35k€34k▼
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€25k€21k▼
Profit (loss) for the period to be appropriated9905€25k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€104k▲
Profit (loss) brought forward from the previous period14P€58k€83k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
12-01
KBO administration
Address strikeout annulled
2025
24-11
KBO administration
Address struck
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 351 days late
2024
31-12
Financial
Equity above €100kEq €102k ▲33.3%
2 profitable years in a row build equity to €102k.
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-8k ▼117%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €47k ▲70.8%
Operating result €69k, net result €47k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 2 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Etterbeeksesteenweg 661000 BrusselGround area
8,213 m²
Building footprint
2,710 m²
Volume, LiDAR
19,627 m³
2 parcels, Brussels · tallest building 34.6 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
CHERRY
since 20162.254.758.862
CHERRY
since 20212.329.085.905
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0112/00W002 | Brussels | 7,902 m² | 1 · 2,505 m² | 34.6 m · 2 fl. |
| 21443A0277/00E007 | Brussels | 311 m² | 1 · 205 m² | 32.1 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.254.758.862
Elsene2.329.085.905
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Of 2,476 companies in sector 47279 we hold annual accounts for 948. 752 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-07-2016
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47279Other retail sale of food
47299Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.