Summary
KEREL 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 €900,881 and a net result of €90,962. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 91% of 8074 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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
1 signal. The signal on the left, the evidence on the right.
○neutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
14 d early
2024
22 d early
2023
23 d early
2022
68 d early
2021
19 d early
2020
16 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€900,881▲ 11.2%
2024 · €809,919
Net result
€90,962▼ 15.8%
2024 · €108,008
Total assets
€970,154▲ 3.1%
2024 · €940,875
Solvency
92.9%▲ 6.8pp
2024 · 86.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€205,891▲ 35.4%€329,917▲ 60.2%€194,876▼ 40.9%€158,860▼ 18.5%€130,922▼ 17.6%
Net result€134,016above the sector's middle half▲ 36.8%€220,956above the sector's middle half▲ 64.9%€139,045above the sector's middle half▼ 37.1%€108,008above the sector's middle half▼ 22.3%€90,962above the sector's middle half▼ 15.8%
Equity€460,394above the sector's middle half▲ 41.1%€681,349above the sector's middle half▲ 48.0%€754,932above the sector's middle half▲ 10.8%€809,919above the sector's middle half▲ 7.3%€900,881above the sector's middle half▲ 11.2%
Total assets€493,969within the sector's middle half▲ 17.6%€740,567within the sector's middle half▲ 49.9%€844,622within the sector's middle half▲ 14.1%€940,875above the sector's middle half▲ 11.4%€970,154above the sector's middle half▲ 3.1%
Debt€33,575▼ 64.1%€59,217▲ 76.4%€89,690▲ 51.5%€130,956▲ 46.0%€69,273▼ 47.1%
Working capital€284,066▲ 109%€415,966▲ 46.4%€481,941▲ 15.9%€425,847▼ 11.6%€526,104▲ 23.5%
Solvency93.2%above the sector's middle half▲ 15.5pp92.0%above the sector's middle half▼ 1.2pp89.4%above the sector's middle half▼ 2.6pp86.1%above the sector's middle half▼ 3.3pp92.9%above the sector's middle half▲ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €970,154
Fixed assets
€377,344 ▼ 1.8%
Current assets
€592,810 ▲ 6.5%
Equity and liabilities €970,154
Equity
€900,881 ▲ 11.2%
Debt
€69,273 ▼ 47.1%
Debt's share of the balance-sheet total falls from 13.9% to 7.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.1%▼
2024 · 13.3%
ROA
9.4%▼
2024 · 11.5%
Debt ≤ 1 year
€66,706▼
2024 · €130,894
Income taxes
€41,960▼
2024 · €49,771
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 | - | - | - | €4,525 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,057 | €5,249 | €9,606 | €9,242 | €13,392 | ▲ 44.9% |
| Other operating charges640/8 | €2,291 | €1,883 | €3,429 | €2,017 | €2,342 | ▲ 16.1% |
| Gross operating margin9900 | €213,238 | €337,048 | €207,911 | €170,119 | €146,657 | ▼ 13.8% |
| Operating profit (loss)9901 | €205,891 | €329,917 | €194,876 | €158,860 | €130,922 | ▼ 17.6% |
| Financial income75/76B | €557 | €1,424 | €4,762 | €4,795 | €9,372 | ▲ 95.5% |
| Recurring financial income75 | €557 | €1,424 | €4,762 | €4,795 | €9,372 | ▲ 95.5% |
| Financial charges65/66B | €3,006 | €2,266 | €2,668 | €5,875 | €7,373 | ▲ 25.5% |
| Recurring financial charges65 | €3,006 | €2,266 | €2,668 | €5,875 | €7,373 | ▲ 25.5% |
| Profit (loss) for the period before taxes9903 | €203,441 | €329,075 | €196,970 | €157,780 | €132,922 | ▼ 15.8% |
| Income taxes67/77 | €69,426 | €108,120 | €57,925 | €49,771 | €41,960 | ▼ 15.7% |
| Profit (loss) for the period9904 | €134,016 | €220,956 | €139,045 | €108,008 | €90,962 | ▼ 15.8% |
| Profit (loss) for the period to be appropriated9905 | €134,016 | €220,956 | €139,045 | €108,008 | €90,962 | ▼ 15.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €493,969 | €740,567 | €844,622 | €940,875 | €970,154 | ▲ 3.1% |
| Fixed assets21/28 | €176,328 | €265,384 | €274,169 | €384,134 | €377,344 | ▼ 1.8% |
| Tangible fixed assets22/27 | €26,328 | €46,474 | €55,259 | €68,651 | €61,861 | ▼ 9.9% |
| Land and buildings22 | €912 | €456 | €0 | - | €6,288 | - |
| Plant, machinery and equipment23 | €3,670 | €27,075 | €37,741 | €32,330 | €26,919 | ▼ 16.7% |
| Furniture and vehicles24 | €21,746 | €18,942 | €17,518 | €36,321 | €28,654 | ▼ 21.1% |
| Financial fixed assets28 | €150,000 | €218,910 | €218,910 | €315,483 | €315,483 | = |
| Current assets29/58 | €317,641 | €475,183 | €570,453 | €556,741 | €592,810 | ▲ 6.5% |
| Amounts receivable after more than one year29 | €20,000 | €10,000 | €187,000 | €177,000 | €327,000 | ▲ 84.7% |
| Trade receivables290 | €20,000 | €10,000 | €187,000 | €177,000 | €327,000 | ▲ 84.7% |
| Amounts receivable within one year40/41 | €12,729 | €128,685 | €58,083 | €94,116 | €74,830 | ▼ 20.5% |
| Trade receivables40 | €12,100 | €70,458 | €15,080 | €71,812 | €54,602 | ▼ 24.0% |
| Other amounts receivable41 | €629 | €58,228 | €43,003 | €22,304 | €20,229 | ▼ 9.3% |
| Cash at bank and in hand54/58 | €278,429 | €327,682 | €312,020 | €270,217 | €171,948 | ▼ 36.4% |
| Deferred charges and accrued income490/1 | €6,483 | €8,816 | €13,351 | €15,408 | €19,032 | ▲ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €493,969 | €740,567 | €844,622 | €940,875 | €970,154 | ▲ 3.1% |
| Equity10/15 | €460,394 | €681,349 | €754,932 | €809,919 | €900,881 | ▲ 11.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €454,194 | €675,149 | €748,732 | €803,719 | €894,681 | ▲ 11.3% |
| Tax-exempt reserves132 | €82 | €82 | €82 | €82 | €82 | = |
| Distributable reserves133 | €454,112 | €675,068 | €748,651 | €803,637 | €894,599 | ▲ 11.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €33,575 | €59,217 | €89,690 | €130,956 | €69,273 | ▼ 47.1% |
| Amounts payable within one year42/48 | €33,575 | €59,217 | €88,512 | €130,894 | €66,706 | ▼ 49.0% |
| Financial debts43 | - | - | €18,553 | €0 | €10,097 | - |
| Credit institutions430/8 | - | - | €18,553 | €0 | €10,097 | - |
| Trade debts44 | €10,024 | €7,614 | €19,875 | €39,334 | €16,606 | ▼ 57.8% |
| Suppliers440/4 | €10,024 | €7,614 | €19,875 | €39,334 | €16,606 | ▼ 57.8% |
| Taxes, remuneration and social security45 | €9,267 | €51,603 | €50,085 | €7,606 | €21,592 | ▲ 184% |
| Taxes450/3 | €9,267 | €51,603 | €50,085 | €7,606 | €21,592 | ▲ 184% |
| Other amounts payable47/48 | €14,285 | €0 | - | €83,954 | €18,410 | ▼ 78.1% |
| Accrued charges and deferred income492/3 | - | - | €1,177 | €62 | €2,568 | ▲ 4,041% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134,016 | €220,956 | €139,045 | €108,008 | €90,962 | ▼ 15.8% |
| + Depreciation and write-downs630 | €5,057 | €5,249 | €9,606 | €9,242 | €13,392 | ▲ 44.9% |
| Operating cash flow (approximation) | €139,072 | €226,204 | €148,651 | €117,251 | €104,354 | ▼ 11.0% |
| Investment in fixed assets (approximation) | - | -€94,304 | -€18,391 | -€119,207 | -€6,602 | ▲ 94.5% |
| Change in cash | - | €49,253 | -€15,662 | -€41,802 | -€98,269 | ▼ 135% |
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
28-07
State Gazette act
General meeting · Dissolution
Asset distribution · Liquidation closure
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 8.89
Current ratio from 4.25 to 8.89; short-term debt falls from €130,894 to €66,706.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €220,956 ▲64.9%
Operating result €329,917, net result €220,956, both a record.
31-12
Financial
Equity above €500,000Eq €681,349 ▲48%
5 profitable years in a row build equity to €681,349.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 9.46
Current ratio from 2.45 to 9.46; short-term debt falls from €93,517 to €33,575.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Equity above €200,000Eq €228,403 ▲83.1%
2 profitable years in a row build equity to €228,403.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Oudsbergen · 1 establishment unit since 2016
Ground area
695 m²
Building footprint
147 m²
Volume, LiDAR
733 m³
Parcel 72036A0154/00V002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KEREL
since 20162.256.482.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72036A0154/00V002 | Flanders | 695 m² | 1 · 147 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 12,924 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
Founded01-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0657910418
Also
9925:BE0657910418
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.