KERDA
ActiveKERDA has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.18M and a net result of €-109k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 78% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency99▼-1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.54 in 2024), and 27.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
72.4%
Return on assets
-6.7%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€109k
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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
29 d early
2023
22 d early
2022
26 d early
2021
17 d early
2020
16 d early
2019
24 d early
← before the deadline
after the deadline →
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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-109k▼ 52.3%
2024 · €-72k
2022: €-66k
2023: €-96k
2024: €-72k
2022 → 2025
Working capital
€421k▼ 17.0%
2024 · €507k
2022: €817k
2023: €754k
2024: €507k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€1.45M-€1.36M▼ 6.6%€1.29M▼ 5.3%€1.18M▼ 8.5%
Operating result€-97k-€-126k▼ 30.0%€-133k▼ 5.9%€-176k▼ 32.2%
Net result€-66k-€-96k▼ 44.7%€-72k▲ 25.6%€-109k▼ 52.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €176k in 2025 against €133k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.63M
Fixed assets
€757k▼ 2.9%
Current assets
€869k▲ 4.0%
Equity and liabilities €1.63M
Equity
€1.18M▼ 8.5%
Debt
€449k▲ 36.3%
The debt ratio rises from 20.4% to 27.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-81k▼
2024 · €-62k
Cash flow
€-14k▼
2024 · €-474
Solvency
72.4%▼
2024 · 79.6%
Current ratio
1.94▼
2024 · 2.54
Quick ratio
1.94▼
2024 · 2.54
Debt / equity
0.38▲
2024 · 0.26
ROE
-9.3%▼
2024 · -5.6%
ROA
-6.7%▼
2024 · -4.4%
Interest coverage
-4.69▲
2024 · -12.83
Debt
€449k▲
2024 · €329k
Debt ≤ 1 year
€448k▲
2024 · €329k
Staff costs
€57k▲
2024 · €54k
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
Total assets
20/58€1.62M€1.63M▲
Fixed assets
21/28€780k€757k▼
Tangible fixed assets
22/27€780k€757k▼
Financial fixed assets
28€250€250=
Current assets
29/58€836k€869k▲
Amounts receivable within one year
40/41€825k€860k▲
Cash & bank
54/58€9k€9k▲
Total equity & liabilities
10/49€1.62M€1.63M▲
Equity
10/15€1.29M€1.18M▼
Contributions / capital
10/11€500k€500k=
Reserves
13€136k€136k=
Accumulated profits (losses)
14€651k€542k▼
Amounts payable
17/49€329k€449k▲
Amounts payable within one year
42/48€329k€448k▲
Trade debts payable within one year
44€1k€303▼
Income statement
Code20242025
Gross operating margin
9900€2k€-15k▼
Operating result
9901€-133k€-176k▼
Financial income
75€32k€33k▲
Financial charges
65€5k€17k▲
Result before taxes
9903€-72k€-109k▼
Net result for the period
9904€-72k€-109k▼
Result to be appropriated
9905€-72k€-109k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-109k
Net result drops to €-109k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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Of 1,273 companies in sector 46160 we hold annual accounts for 658. 275 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-01-1983
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
51160
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 10-08-2026. Scores and ratios are computed by Checked and are not a credit decision.