KERFF MENUISERIE
ActiveSummary
The computed 12-month bankruptcy probability of KERFF MENUISERIE is 3.0% (moderate). The annual accounts of KERFF MENUISERIE for fiscal year 2025 show a net loss of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €34k and a net result of €-35k. Equity is shrinking by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 27786 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-40
Solvency36▼-9
Growth32=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.65 against 0.62 in 2024; short-term debt: 28.4% and cash: 11.6% of total assets), and 89.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.6%
Return on assets
-10.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-35k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
12 d early
2022
59 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▼ 50.5%
2024 · €68k
2022: €72k
2023: €85k
2024: €68k
2022 → 2025
Total assets
€321k▼ 5.2%
2024 · €338k
2022: €307k
2023: €381k
2024: €338k
2022 → 2025
Net result
€-35k▼ 115%
2024 · €-16k
2022: €22k
2023: €13k
2024: €-16k
2022 → 2025
Working capital
€-32k▼ 40.3%
2024 · €-23k
2022: €18k
2023: €-17k
2024: €-23k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€72k-€85k▲ 17.4%€68k▼ 19.0%€34k▼ 50.5%
Operating result€24k-€21k▼ 15.9%€-9k€-28k▼ 220%
Net result€22k-€13k▼ 42.9%€-16k€-35k▼ 115%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €9k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321k
Fixed assets
€262k ▼ 13.1%
Current assets
€59k ▲ 59.4%
Equity and liabilities €321k
Equity
€34k ▼ 50.5%
Debt
€287k ▲ 6.4%
Debt's share of the balance-sheet total rises from 79.7% to 89.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2024 · €25k
Cash flow
€-18k▼
2024 · €18k
Current ratio
0.65▲
2024 · 0.62
Quick ratio
0.63▲
2024 · 0.59
Debt to equity
8.45▲
2024 · 3.93
ROE
-102.0%▼
2024 · -23.4%
ROA
-10.8%▼
2024 · -4.8%
Interest coverage
-1.87▼
2024 · 3.82
Debt ≤ 1 year
€91k▲
2024 · €60k
Debt > 1 year
€195k▼
2024 · €210k
Income taxes
€226▼
2024 · €738
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€338k€321k▼
Fixed assets21/28€301k€262k▼
Tangible fixed assets22/27€301k€262k▼
Land and buildings22€251k€243k▼
Plant, machinery and equipment23€9k€18k▲
Furniture and vehicles24€41k€0▼
Current assets29/58€37k€59k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€15k€16k▲
Trade receivables40€14k€16k▲
Other amounts receivable41€134€12▼
Cash at bank and in hand54/58€19k€37k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€338k€321k▼
Equity10/15€68k€34k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€18k€-16k▼
Amounts payable17/49€269k€287k▲
Amounts payable after more than one year17€210k€195k▼
Financial debts170/4€210k€195k▼
Amounts payable within one year42/48€60k€91k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€5k€32k▲
Suppliers440/4€5k€32k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€36k€41k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€17k▼
Other operating charges640/8€2k€5k▲
Gross operating margin9900€27k€-6k▼
Operating profit (loss)9901€-9k€-28k▼
Financial income75/76B€106€134▲
Recurring financial income75€106€134▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€-15k€-34k▼
Income taxes67/77€738€226▼
Profit (loss) for the period9904€-16k€-35k▼
Profit (loss) for the period to be appropriated9905€-16k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-16k▼
Profit (loss) brought forward from the previous period14P€35k€18k▼
The notes to these accounts (11 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Blégny · 1 establishment unit since 2025
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.
Rue de Légipont 154671 BlégnyGround area
2,059 m²
Building footprint
320 m²
Volume, LiDAR
1,780 m³
Parcel 62010A0085/00F000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Légipont 15, 4671 Blégny
since 20252.393.748.281
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62010A0085/00F000indicative | Wallonia | 2,059 m² | 1 · 320 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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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SEMCONSTRUCT
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VITRYNE
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 6,951 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.