KERKAERD
ActiveSummary
KERKAERD has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-243k) and a net result of €-1k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 5% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-66
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.39 in 2024; short-term debt: 268.5% and cash: 39.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
-263.1%
Return on assets
-1.6%
Age of the figures
10 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-243k
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 11-05-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
41 d early
2023
53 d early
2022
39 d early
2021
36 d early
2020
36 d early
2019
54 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 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-243k▼ 0.6%
2024 · €-242k
2018: €3k
2019: €-229k
2020: €-263k
2021: €-287k
2022: €-289k
2023: €-288k
2024: €-242k
2018 → 2025
Total assets
€92k▼ 6.7%
2024 · €99k
2018: €1.24M
2019: €169k
2020: €135k
2021: €166k
2022: €166k
2023: €168k
2024: €99k
2018 → 2025
Net result
€-1k
2024 · €46k
2018: €-34k
2019: €-232k
2020: €-34k
2021: €-24k
2022: €-2k
2023: €1k
2024: €46k
2018 → 2025
Working capital
€-156k▼ 1.0%
2024 · €-154k
2018: €90k
2019: €-141k
2020: €-175k
2021: €-199k
2022: €-201k
2023: €-200k
2024: €-154k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-287k-€-289k▼ 0.8%€-288k▲ 0.4%€-242k▲ 16.0%€-243k▼ 0.6%
Operating result€-1k-€-2k▼ 87.9%€1k€46k▲ 3,887%€-2k
Net result€-24k-€-2k▲ 90.1%€1k€46k▲ 4,305%€-1k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €46k in 2024.
Key figures and ratios
Solvency
-263.1%▼
2024 · -244.0%
Current ratio
0.37▼
2024 · 0.39
Quick ratio
0.22▼
2024 · 0.25
Debt to equity
-1.38▲
2024 · -1.41
ROA
-1.6%▼
2024 · 46.6%
Debt
€336k▼
2024 · €341k
Debt ≤ 1 year
€248k▼
2024 · €253k
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 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€99k€92k▼
Current assets29/58€99k€92k▼
Stocks and contracts in progress3€37k€37k=
Stocks30/36€37k€37k=
Amounts receivable within one year40/41€29€176▲
Other amounts receivable41€29€176▲
Current investments50/53€18k€18k=
Cash at bank and in hand54/58€44k€37k▼
Deferred charges and accrued income490/1€552€552=
Equity and liabilities
Total equity and liabilities10/49€99k€92k▼
Equity10/15€-242k€-243k▼
Contributions10/11€155k€155k=
Profit (loss) carried forward14€-397k€-398k▼
Amounts payable17/49€341k€336k▼
Amounts payable within one year42/48€253k€248k▼
Trade debts44€1k€931▼
Suppliers440/4€1k€931▼
Other amounts payable47/48€252k€247k▼
Accrued charges and deferred income492/3€87k€87k=
Income statement
Code20242025
Other operating charges640/8€183€120▼
Gross operating margin9900€46k€-1k▼
Operating profit (loss)9901€46k€-2k▼
Financial income75/76B€4€212▲
Recurring financial income75€4€212▲
Financial charges65/66B€115€109▼
Recurring financial charges65€115€109▼
Profit (loss) for the period before taxes9903€46k€-1k▼
Profit (loss) for the period9904€46k€-1k▼
Profit (loss) for the period to be appropriated9905€46k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-397k€-398k▼
Profit (loss) brought forward from the previous period14P€-443k€-397k▲
The notes to these accounts (3 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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-11
Financial
Highest result since 2018net €46k ▲4305%
Operating result €46k, net result €46k, both a record.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-11
Financial
Back to profitnet €1k
Net result €1k after 5 loss-making years.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-11
Financial
Weakest financial yearnet €-232k
Net result drops to €-232k, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kalmthout · 1 establishment unit since 1992
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.
Missiehuislei (Heide) 312920 KalmthoutGround area
4,596 m²
Building footprint
208 m²
Volume, LiDAR
1,219 m³
Parcel 11662E0609/00G002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Missiehuislei (Heide) 31, 2920 Kalmthout
since 19922.012.981.810
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0609/00G002 | Flanders | 4,596 m² | 1 · 208 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
D.H.A.K.
BE 0672.554.349
Spa · Eq €2,801
DOMUM
BE 0562.931.283
Dilsen-Stokkem · Eq €2,798
DUMEDRA IMMO
BE 0781.697.957
Morlanwelz · Eq €2,784
Joover
BE 1008.172.963
Glabbeek · Eq €2,776
LTS IMMO
BE 0773.546.888
Gerpinnes · Eq €2,896
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 1,578 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
Founded15-10-1976
Fiscal year end30-11
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
68203Renting and operating of own or leased non-residential real estate, excluding land
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.