KERFIN
ActiveSummary
KERFIN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €362,383 and a net result of -€14,057. Equity is shrinking by ~3.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 7 accounts on average 117 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,842 | €24,989 | €23,983 | €39,283 | €43,229 | ▲ 10.0% |
| Other operating charges640/8 | - | €7,937 | €9,944 | €5,779 | €4,601 | ▼ 20.4% |
| Gross operating margin9900 | €17,759 | €22,118 | €25,640 | €30,315 | €34,379 | ▲ 13.4% |
| Operating profit (loss)9901 | -€15,287 | -€10,808 | -€8,287 | -€14,747 | -€13,451 | ▲ 8.8% |
| Financial income75/76B | - | €0 | €39 | €356 | €38 | ▼ 89.2% |
| Recurring financial income75 | €1 | €0 | €39 | €356 | €38 | ▼ 89.2% |
| Financial charges65/66B | - | €646 | €817 | €934 | €633 | ▼ 32.2% |
| Recurring financial charges65 | €577 | €646 | €817 | €934 | €633 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | -€15,863 | -€11,454 | -€9,065 | -€15,325 | -€14,046 | ▲ 8.3% |
| Income taxes67/77 | -€18 | €0 | - | €107 | €12 | ▼ 89.2% |
| Profit (loss) for the period9904 | -€15,845 | -€11,454 | -€9,065 | -€15,432 | -€14,057 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | -€15,845 | -€11,454 | -€9,065 | -€15,432 | -€14,057 | ▲ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412,693 | €401,239 | €639,345 | €536,316 | €472,429 | ▼ 11.9% |
| Fixed assets21/28 | €291,707 | €276,627 | €421,808 | €494,736 | €451,507 | ▼ 8.7% |
| Tangible fixed assets22/27 | €291,707 | €276,627 | €421,808 | €494,736 | €451,507 | ▼ 8.7% |
| Land and buildings22 | - | €276,627 | €421,808 | €494,736 | €451,507 | ▼ 8.7% |
| Current assets29/58 | €120,986 | €124,612 | €217,536 | €41,581 | €20,923 | ▼ 49.7% |
| Amounts receivable within one year40/41 | - | - | €158 | €0 | - | - |
| Trade receivables40 | - | - | €158 | €0 | - | - |
| Cash at bank and in hand54/58 | €120,518 | €124,108 | €216,816 | €40,991 | €20,317 | ▼ 50.4% |
| Deferred charges and accrued income490/1 | - | €504 | €562 | €590 | €606 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412,693 | €401,239 | €639,345 | €536,316 | €472,429 | ▼ 11.9% |
| Equity10/15 | €412,391 | €400,937 | €391,872 | €376,440 | €362,383 | ▼ 3.7% |
| Contributions10/11 | €472,972 | €472,972 | €472,972 | €472,972 | €472,972 | = |
| Capital10 | - | €472,972 | €472,972 | €472,972 | €472,972 | = |
| Issued capital100 | - | €472,972 | €472,972 | €472,972 | €472,972 | = |
| Reserves13 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Non-distributable reserves130/1 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Legal reserve130 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Profit (loss) carried forward14 | -€67,082 | -€78,536 | -€87,601 | -€103,032 | -€117,090 | ▼ 13.6% |
| Amounts payable17/49 | €303 | €303 | €247,473 | €159,876 | €110,047 | ▼ 31.2% |
| Amounts payable after more than one year17 | - | - | €150,000 | €150,000 | €105,000 | ▼ 30.0% |
| Other amounts payable178/9 | - | - | €150,000 | €150,000 | €105,000 | ▼ 30.0% |
| Amounts payable within one year42/48 | €303 | €303 | €52,473 | €9,876 | €5,047 | ▼ 48.9% |
| Trade debts44 | €303 | €303 | €52,473 | €0 | - | - |
| Suppliers440/4 | - | €303 | €52,473 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €9,876 | €5,047 | ▼ 48.9% |
| Accrued charges and deferred income492/3 | - | - | €45,000 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,845 | -€11,454 | -€9,065 | -€15,432 | -€14,057 | ▲ 8.9% |
| + Depreciation and write-downs630 | €24,842 | €24,989 | €23,983 | €39,283 | €43,229 | ▲ 10.0% |
| Operating cash flow (approximation) | €8,997 | €13,535 | €14,918 | €23,852 | €29,172 | ▲ 22.3% |
| Investment in fixed assets (approximation) | - | -€9,908 | -€169,164 | -€112,211 | €0 | ▲ 100% |
| Change in cash | - | €3,590 | €92,707 | -€175,825 | -€20,674 | ▲ 88.2% |
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
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44008B0657/00H000 | Flanders | 587 m² | 1 · 469 m² | 15.1 m · 3 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 ownerChain of control
- Keroost
- KERFIN
Highest known parent: Keroost. The sources do not say who stands above it.
Owners 1
- KeroostparentSourceaccounts Keroost 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.