KEREM
ActiveSummary
KEREM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €839k and a net result of €135k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-3
Solvency58=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity tight (current ratio 1.47 against 1.49 in 2023; short-term debt: 67.2% and cash: 67.7% of total assets), and 67.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-01-2026, 173 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
173 d late
2023
68 d late
2022
5 d early
2021
44 d early
2020
31 d early
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€135k▼ 12.9%
2023 · €155k
2018: €66k
2019: €59k▼ -11.2% vs 2018
2020: €168k▲ +186% vs 2019highest in 7 years
2021: €114k▼ -32.1% vs 2020
2022: €30k▼ -74.1% vs 2021lowest in 7 years
2023: €155k▲ +426% vs 2022
2024: €135k▼ -12.9% vs 2023
2018 → 2024
Working capital
€816k▲ 20.1%
2023 · €680k
2018: €170klowest in 7 years
2019: €231k▲ +35.9% vs 2018
2020: €399k▲ +72.8% vs 2019
2021: €491k▲ +23.1% vs 2020
2022: €519k▲ +5.6% vs 2021
2023: €680k▲ +31.0% vs 2022
2024: €816k▲ +20.1% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€404k-€519k▲ 28.2%€548k▲ 5.7%€704k▲ 28.3%€839k▲ 19.2%
2020: €404klowest in 5 years
2021: €519k▲ +28.2% vs 2020
2022: €548k▲ +5.7% vs 2021
2023: €704k▲ +28.3% vs 2022
2024: €839k▲ +19.2% vs 2023highest in 5 years
Operating result€216k-€162k▼ 25.0%€53k▼ 67.0%€226k▲ 323%€220k▼ 2.6%
2020: €216k
2021: €162k▼ -25.0% vs 2020
2022: €53k▼ -67.0% vs 2021lowest in 5 years
2023: €226k▲ +323% vs 2022highest in 5 years
2024: €220k▼ -2.6% vs 2023
Net result€168k-€114k▼ 32.1%€30k▼ 74.1%€155k▲ 426%€135k▼ 12.9%
2020: €168khighest in 5 years
2021: €114k▼ -32.1% vs 2020
2022: €30k▼ -74.1% vs 2021lowest in 5 years
2023: €155k▲ +426% vs 2022
2024: €135k▼ -12.9% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.56M
Fixed assets
€24k ▼ 18.2%
Current assets
€2.54M ▲ 22.2%
Equity and liabilities €2.56M
Equity
€839k ▲ 19.2%
Debt
€1.72M ▲ 22.8%
Debt's share of the balance-sheet total rises from 66.6% to 67.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€226k▼
2023 · €234k
Cash flow
€141k▼
2023 · €163k
Current ratio
1.47▼
2023 · 1.49
Quick ratio
1.20▲
2023 · 1.12
Debt to equity
2.05▲
2023 · 1.99
ROE
16.1%▼
2023 · 22.1%
ROA
5.3%▼
2023 · 7.4%
Interest coverage
12.53▼
2023 · 17.20
Debt ≤ 1 year
€1.72M▲
2023 · €1.40M
Income taxes
€67k▲
2023 · €66k
Staff costs
€171k▼
2023 · €204k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.10M€2.56M▲
Fixed assets21/28€29k€24k▼
Tangible fixed assets22/27€11k€6k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€11k€5k▼
Financial fixed assets28€18k€18k=
Current assets29/58€2.07M€2.54M▲
Amounts receivable after more than one year29€272k€272k=
Other amounts receivable291€272k€272k=
Stocks and contracts in progress3€507k€470k▼
Stocks30/36€507k€470k▼
Amounts receivable within one year40/41€70k€60k▼
Trade receivables40€70k€53k▼
Other amounts receivable41-€7k
Cash at bank and in hand54/58€1.22M€1.73M▲
Deferred charges and accrued income490/1€1k€116▼
Equity and liabilities
Total equity and liabilities10/49€2.10M€2.56M▲
Equity10/15€704k€839k▲
Contributions10/11€19k€19k=
Reserves13€131k€266k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€129k€264k▲
Profit (loss) carried forward14€554k€554k▲
Amounts payable17/49€1.40M€1.72M▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€1.40M€1.72M▲
Current portion of amounts payable after more than one year42€7k€9k▲
Financial debts43€93k€268k▲
Credit institutions430/8€93k€268k▲
Trade debts44€1.24M€1.37M▲
Suppliers440/4€1.24M€1.37M▲
Taxes, remuneration and social security45€57k€76k▲
Taxes450/3€32k€71k▲
Remuneration and social security454/9€25k€6k▼
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20232024
Non-recurring operating income76A-€912
Remuneration, social security and pensions62€204k€171k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€6k€12k▲
Gross operating margin9900€443k€408k▼
Operating profit (loss)9901€226k€220k▼
Financial income75/76B€9k€70▼
Recurring financial income75€9k€70▼
Financial charges65/66B€14k€18k▲
Recurring financial charges65€14k€18k▲
Profit (loss) for the period before taxes9903€222k€202k▼
Income taxes67/77€66k€67k▲
Profit (loss) for the period9904€155k€135k▼
Profit (loss) for the period to be appropriated9905€155k€135k▼
Appropriation of the result
Profit (loss) to be appropriated9906€654k€689k▲
Profit (loss) brought forward from the previous period14P€498k€554k▲
Transfer to equity691/2€100k€135k▲
To other reserves6921€100k€135k▲
Social balance
Average headcount (FTE)90876.06.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €912 | - |
| Remuneration, social security and pensions62 | - | €112k | €121k | €204k | €171k | ▼ 16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €7k | €8k | €7k | €5k | ▼ 28.3% |
| Other operating charges640/8 | - | €12k | €141k | €6k | €12k | ▲ 120% |
| Gross operating margin9900 | €366k | €293k | €324k | €443k | €408k | ▼ 7.9% |
| Operating profit (loss)9901 | €216k | €162k | €53k | €226k | €220k | ▼ 2.6% |
| Financial income75/76B | - | €13k | €12k | €9k | €70 | ▼ 99.2% |
| Recurring financial income75 | €15k | €13k | €12k | €9k | €70 | ▼ 99.2% |
| Financial charges65/66B | - | €12k | €19k | €14k | €18k | ▲ 32.5% |
| Recurring financial charges65 | €9k | €12k | €19k | €14k | €18k | ▲ 32.5% |
| Profit (loss) for the period before taxes9903 | €222k | €162k | €46k | €222k | €202k | ▼ 8.7% |
| Income taxes67/77 | €54k | €48k | €17k | €66k | €67k | ▲ 1.0% |
| Profit (loss) for the period9904 | €168k | €114k | €30k | €155k | €135k | ▼ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €168k | €114k | €30k | €155k | €135k | ▼ 12.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.67M | €1.97M | €1.68M | €2.10M | €2.56M | ▲ 21.6% |
| Fixed assets21/28 | €19k | €38k | €37k | €29k | €24k | ▼ 18.2% |
| Tangible fixed assets22/27 | €19k | €20k | €19k | €11k | €6k | ▼ 46.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Furniture and vehicles24 | - | €20k | €19k | €11k | €5k | ▼ 60.0% |
| Financial fixed assets28 | - | €18k | €18k | €18k | €18k | = |
| Current assets29/58 | €1.65M | €1.93M | €1.65M | €2.07M | €2.54M | ▲ 22.2% |
| Amounts receivable after more than one year29 | - | €371k | €316k | €272k | €272k | = |
| Other amounts receivable291 | - | €371k | €316k | €272k | €272k | = |
| Stocks and contracts in progress3 | €368k | €419k | €440k | €507k | €470k | ▼ 7.3% |
| Stocks30/36 | - | €419k | €440k | €507k | €470k | ▼ 7.3% |
| Amounts receivable within one year40/41 | €54k | €58k | €48k | €70k | €60k | ▼ 15.2% |
| Trade receivables40 | - | €58k | €35k | €70k | €53k | ▼ 24.5% |
| Other amounts receivable41 | - | - | €13k | - | €7k | - |
| Cash at bank and in hand54/58 | €840k | €1.08M | €842k | €1.22M | €1.73M | ▲ 41.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €116 | ▼ 92.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.67M | €1.97M | €1.68M | €2.10M | €2.56M | ▲ 21.6% |
| Equity10/15 | €404k | €519k | €548k | €704k | €839k | ▲ 19.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €31k | €131k | €266k | ▲ 103% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €29k | €129k | €264k | ▲ 105% |
| Profit (loss) carried forward14 | €384k | €498k | €498k | €554k | €554k | ▲ 0.1% |
| Amounts payable17/49 | €1.27M | €1.45M | €1.14M | €1.40M | €1.72M | ▲ 22.8% |
| Amounts payable after more than one year17 | €14k | €10k | €6k | €3k | - | - |
| Financial debts170/4 | - | €10k | €6k | €3k | - | - |
| Amounts payable within one year42/48 | €1.25M | €1.44M | €1.13M | €1.40M | €1.72M | ▲ 23.2% |
| Current portion of amounts payable after more than one year42 | - | €13k | €8k | €7k | €9k | ▲ 17.2% |
| Financial debts43 | - | €75k | €75k | €93k | €268k | ▲ 188% |
| Credit institutions430/8 | - | €75k | €75k | €93k | €268k | ▲ 188% |
| Trade debts44 | €1.06M | €1.24M | €989k | €1.24M | €1.37M | ▲ 10.4% |
| Suppliers440/4 | - | €1.24M | €989k | €1.24M | €1.37M | ▲ 10.4% |
| Taxes, remuneration and social security45 | - | €112k | €56k | €57k | €76k | ▲ 33.8% |
| Taxes450/3 | - | €97k | €39k | €32k | €71k | ▲ 120% |
| Remuneration and social security454/9 | - | €15k | €18k | €25k | €6k | ▼ 77.8% |
| Accrued charges and deferred income492/3 | - | €861 | €1k | €3k | €1k | ▼ 60.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €168k | €114k | €30k | €155k | €135k | ▼ 12.9% |
| + Depreciation and write-downs630 | €15k | €7k | €8k | €7k | €5k | ▼ 28.3% |
| Operating cash flow (approximation) | €183k | €122k | €38k | €163k | €141k | ▼ 13.6% |
| Investment in fixed assets (approximation) | - | €-26k | €-7k | €0 | €-9 | - |
| Change in cash | - | €241k | €-238k | €382k | €510k | ▲ 33.5% |
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
2026
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 173 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €30k ▼74.1%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €519k ▲28.2%
4 profitable years in a row build equity to €519k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €168k ▲186%
Net result €168k, the highest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 68 days late
2019
31-12
Financial
Equity above €200kEq €236k ▲33.1%
2 profitable years in a row build equity to €236k.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 · 1 establishment unit since 2004
Ground area
4,764 m²
Building footprint
1,557 m²
Volume, LiDAR
15,148 m³
Parcel 21813D0521/00E003, Brussels · tallest building 20.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEREM
since 20042.143.671.492
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813D0521/00E003 | Brussels | 4,764 m² | 1 · 1,557 m² | 20.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.143.671.492
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Of 697 companies in sector 46392 we hold annual accounts for 483. 329 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
Founded01-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
46392Non-specialised wholesale
61200Telecommunications resale and intermediation services
Scores and ratios are computed by Checked and are not a credit decision.