Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2017 to 2025 closed with a loss. 2023 was the heaviest.
In July 2024, 6,920 companies had the same profile as Kerk has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for Kerk. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Kerk files the micro format. That format states no turnover. The gross margin fell from €4,880 in 2016 to -€8,761 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
7,351 | 9,932 | 10,447 | 13,193 | 13,689 | 10,705 | 6,464 | 8,153 | 9,048 | 9,956 | |
21/28 |
6,115 | 7,716 | 9,317 | 10,918 | 12,184 | 9,228 | 5,620 | 6,423 | 7,226 | - | |
22/27 |
6,115 | 7,716 | 9,317 | 10,918 | 12,184 | 9,228 | 5,620 | 6,423 | 7,226 | - | |
23 |
- | - | - | - | - | - | 5,620 | 6,423 | - | - | |
26 |
6,115 | 7,716 | 9,317 | 10,918 | 12,184 | 9,228 | - | - | 7,226 | - | |
29/58 |
1,237 | 2,216 | 1,130 | 2,274 | 1,505 | 1,477 | 844 | 1,730 | 1,822 | 9,956 | |
54/58 |
17 | 35 | 21 | 13 | 19 | 590 | 2 | 923 | 872 | 9,199 | |
490/1 |
1,220 | 2,181 | 1,109 | 2,261 | 1,487 | 887 | 842 | 807 | 950 | 757 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
7,351 | 9,932 | 10,447 | 13,193 | 13,689 | 10,705 | 6,464 | 8,153 | 9,048 | 9,956 | |
10/15 |
-47,933 | -36,431 | -26,527 | -14,968 | -10,138 | -4,041 | -2,827 | 936 | 4,165 | 6,830 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | |
130/1 |
31 | 31 | 31 | 31 | 31 | 31 | - | - | - | - | |
130 |
- | - | - | - | - | - | 31 | 31 | 31 | 31 | |
1311 |
31 | 31 | 31 | 31 | 31 | 31 | - | - | - | - | |
14 |
-54,164 | -42,663 | -32,758 | -21,200 | -16,370 | -10,273 | -9,058 | -5,295 | -2,066 | 598 | |
17/49 |
55,284 | 46,363 | 36,974 | 28,161 | 23,827 | 14,746 | 9,291 | 7,217 | 4,883 | 3,126 | |
42/48 |
55,284 | 46,363 | 36,974 | 28,136 | 23,827 | 14,746 | 9,291 | 1,488 | 3,001 | 2,431 | |
44 |
357 | 387 | 357 | 73 | 4,378 | - | 100 | 1,092 | 1,675 | 1,205 | |
440/4 |
357 | 387 | 357 | 73 | 4,378 | - | 100 | 1,092 | 1,675 | 1,205 | |
45 |
- | - | - | - | - | - | - | - | 226 | 226 | |
450/3 |
- | - | - | - | - | - | - | - | 226 | 226 | |
47/48 |
54,927 | 45,976 | 36,617 | 28,062 | 19,450 | 14,746 | 9,191 | 396 | 1,100 | 1,000 | |
492/3 |
- | - | - | 25 | - | - | - | 5,730 | 1,882 | 695 | |
| Income statement | |||||||||||
9900 |
-8,761 | -7,127 | -8,781 | -2,184 | -2,289 | 870 | -1,668 | -1,191 | -312 | 4,880 | |
630 |
1,601 | 1,601 | 1,601 | 1,577 | 1,450 | 1,056 | 803 | 803 | 803 | - | |
640/8 |
1,139 | 1,099 | 1,066 | 972 | 2,358 | 954 | 1,129 | 1,201 | 1,389 | 3,799 | |
9901 |
-11,501 | -9,827 | -11,447 | -4,733 | -6,097 | -1,140 | -3,600 | -3,195 | -2,504 | 1,081 | |
75/76B |
- | - | - | - | - | - | - | - | - | 0 | |
75 |
- | - | - | - | - | - | - | - | - | 0 | |
65/66B |
- | 77 | 111 | 97 | - | 75 | 163 | 34 | 161 | 225 | |
65 |
- | 77 | 111 | 97 | - | 75 | 163 | 34 | 161 | 225 | |
9903 |
-11,501 | -9,905 | -11,559 | -4,830 | -6,097 | -1,215 | -3,763 | -3,229 | -2,664 | 856 | |
67/77 |
- | - | - | - | - | - | - | - | - | 226 | |
9904 |
-11,501 | -9,905 | -11,559 | -4,830 | -6,097 | -1,215 | -3,763 | -3,229 | -2,664 | 630 | |
9905 |
-11,501 | -9,905 | -11,559 | -4,830 | -6,097 | -1,215 | -3,763 | -3,229 | -2,664 | 630 | |
| Appropriation of the result | |||||||||||
9906 |
-54,164 | -42,663 | -32,758 | -21,200 | -16,370 | -10,273 | -9,058 | -5,295 | -2,066 | 630 | |
14P |
-42,663 | -32,758 | -21,200 | -16,370 | -10,273 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 31 | |
6920 |
- | - | - | - | - | - | - | - | - | 31 | |
| Document | |||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438928.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00438928 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00357483 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00398115 | |
| 31-12-2022 | micro format | 07-08-2023 | 2023-00320015 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20367335 | |
| 31-12-2020 | micro format | 16-12-2021 | 2021-80600235 | |
| 31-12-2019 | micro format | 25-10-2020 | 2020-62800291 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-63000549 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58300309 | |
| 31-12-2016 | abbreviated format | 29-07-2017 | 2017-39300575 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -9,900 | -8,226 | -9,846 | -3,156 | -4,647 | -84 | -2,797 | -2,392 | -1,701 | - | ||
| -9,900 | -8,304 | -9,957 | -3,253 | -4,647 | -159 | -2,960 | -2,426 | -1,862 | - | ||
| 0 | 0 | 0 | 311 | 4,406 | 4,663 | -0 | 0 | 8,029 | - | ||
| -18 | 14 | 7 | -5 | -571 | 588 | -921 | 51 | -8,327 | - | ||
| -54,047 | -44,147 | -35,844 | -25,861 | -22,322 | -13,269 | -8,447 | 243 | -1,179 | 7,525 | ||
| -652.0% | -366.8% | -253.9% | -113.5% | -74.1% | -37.8% | -43.7% | 11.5% | 46.0% | 68.6% | ||
| 0.02 | 0.05 | 0.03 | 0.08 | 0.06 | 0.10 | 0.09 | 1.16 | 0.61 | 4.09 | ||
| - | - | - | - | - | - | - | - | 1.17 | 0.46 | ||
| - | - | - | - | - | - | - | - | -64.0% | 9.2% | ||
| -156.5% | -99.7% | -110.6% | -36.6% | -44.5% | -11.3% | -58.2% | -39.6% | -29.4% | 6.3% | ||
| - | -106.46 | -88.47 | -32.59 | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €311 | €4,406 |
| €1,601 | €1,601 | €1,601 | €1,577 | €1,450 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €11,501, larger than the loss of €9,827 in 2024. It is the lowest result since 2016.
Equity is negative. Debt (€55,284) exceeds the balance-sheet total (€7,351).
Kerk has no parent and no holdings in its annual accounts. is the only director.
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Landsdijk 74 registered office 9968 Assenede |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 43003A0389/00E000 | 1,429 m² | 1 · 239 m² | 13.7 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
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