KERKHOVE
ActiveKERKHOVE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.24M and a net result of €803k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 76 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+3
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 18.28 against 16.61 in 2024), and 5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95%
Return on assets
12.2%
Age of the figures
14 mo
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 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
4 d early
2023
on the day
2022
1 d early
2021
1 d early
2020
13 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.24M▲ 14.8%
2024 · €5.44M
2019: €3.44M
2020: €4.04M
2021: €4.83M
2022: €4.99M
2023: €5.54M
2024: €5.44M
2019 → 2025
Total assets
€6.57M▲ 14.4%
2024 · €5.74M
2019: €5.04M
2020: €5.78M
2021: €5.20M
2022: €5.56M
2023: €6.14M
2024: €5.74M
2019 → 2025
Net result
€803k▲ 20.4%
2024 · €667k
2019: €592k
2020: €881k
2021: €782k
2022: €651k
2023: €980k
2024: €667k
2019 → 2025
Working capital
€5.67M▲ 18.7%
2024 · €4.78M
2019: €2.75M
2020: €3.88M
2021: €4.07M
2022: €4.34M
2023: €4.90M
2024: €4.78M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.83M-€4.99M▲ 3.3%€5.54M▲ 11.2%€5.44M▼ 1.9%€6.24M▲ 14.8%
Operating result€1.08M-€932k▼ 13.9%€1.35M▲ 45.3%€861k▼ 36.4%€1.07M▲ 24.1%
Net result€782k-€651k▼ 16.8%€980k▲ 50.4%€667k▼ 31.9%€803k▲ 20.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.57M
Fixed assets
€572k▼ 13.6%
Current assets
€6.00M▲ 18.0%
Equity and liabilities €6.57M
Equity
€6.24M▲ 14.8%
Debt
€328k▲ 7.3%
The debt ratio falls from 5.3% to 5.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.18M▲
2024 · €968k
Cash flow
€911k▲
2024 · €774k
Solvency
95.0%▲
2024 · 94.7%
Current ratio
18.28▲
2024 · 16.61
Quick ratio
15.86▲
2024 · 13.39
Debt / equity
0.05▼
2024 · 0.06
ROE
12.9%▲
2024 · 12.3%
ROA
12.2%▲
2024 · 11.6%
Interest coverage
92.74▼
2024 · 94.96
Debt
€328k▲
2024 · €306k
Debt ≤ 1 year
€328k▲
2024 · €306k
Income taxes
€347k▲
2024 · €213k
Staff costs
€689k▼
2024 · €706k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.74M€6.57M▲
Fixed assets21/28€662k€572k▼
Tangible fixed assets22/27€662k€572k▼
Land and buildings22€112k€99k▼
Plant, machinery and equipment23€53k€39k▼
Furniture and vehicles24€48k€46k▼
Leasing and similar rights25€449k€389k▼
Current assets29/58€5.08M€6.00M▲
Stocks and contracts in progress3€987k€793k▼
Stocks30/36€987k€793k▼
Amounts receivable within one year40/41€1.03M€785k▼
Trade receivables40€849k€709k▼
Other amounts receivable41€184k€76k▼
Current investments50/53€1.25M€1.00M▼
Cash at bank and in hand54/58€1.80M€3.41M▲
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€5.74M€6.57M▲
Equity10/15€5.44M€6.24M▲
Contributions10/11€130k€130k=
Reserves13€5.31M€6.11M▲
Non-distributable reserves130/1€13k€13k=
Reserves not available under the articles1311€13k€13k=
Tax-exempt reserves132€1.21M€1.03M▼
Distributable reserves133€4.09M€5.07M▲
Amounts payable17/49€306k€328k▲
Amounts payable within one year42/48€306k€328k▲
Trade debts44€192k€127k▼
Suppliers440/4€192k€127k▼
Taxes, remuneration and social security45€114k€201k▲
Taxes450/3€73k€183k▲
Remuneration and social security454/9€41k€18k▼
Other amounts payable47/48€350-
Income statement
Code20242025
Non-recurring operating income76A-€26k
Remuneration, social security and pensions62€706k€689k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€108k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€29k
Other operating charges640/8€15k€16k▲
Gross operating margin9900€1.69M€1.91M▲
Operating profit (loss)9901€861k€1.07M▲
Financial income75/76B€29k€94k▲
Recurring financial income75€29k€94k▲
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€880k€1.15M▲
Income taxes67/77€213k€347k▲
Profit (loss) for the period9904€667k€803k▲
Transfer from tax-exempt reserves789-€178k
Transfer to tax-exempt reserves689€295k-
Profit (loss) for the period to be appropriated9905€372k€981k▲
Appropriation of the result
Profit (loss) to be appropriated9906€372k€981k▲
Transfer from equity791/2€773k-
Transfer to equity691/2€372k€981k▲
To other reserves6921€372k€981k▲
Profit to be distributed694/7€773k-
Return on contributions (dividend)694€773k-
Social balance
Average headcount (FTE)908713.412.2▼
The notes to these accounts (8 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €980k ▲50.4%
Operating result €1.35M, net result €980k, both a record.
30-06
Financial
Equity above €5MEq €5.54M ▲11.2%
5 profitable years in a row build equity to €5.54M.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Liquidity triplescurrent ratio 11.93
Current ratio from 4.33 to 11.93; short-term debt falls from €1.17M to €372k.
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-11
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
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-10-2025
Frank Kerkhove: Resigned as Director
31-10-2025
Koen Kerkhove: Resigned as Director
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2001
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.
Bevrijdingslaan 28700 TieltGround area
178 m²
Building footprint
178 m²
Volume, LiDAR
1,095 m³
Parcel 37302E0548/00Z000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bevrijdingslaan 2, 8700 Tielt
since 20012.093.261.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0548/00Z000 | Flanders | 178 m² | 1 · 178 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 36,960 EUR awarded · 35,158 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,561 EUR | 11,392 EUR |
| 2024 | 2 | 12,032 EUR | 8,399 EUR |
| 2023 | 1 | 8,052 EUR | 8,052 EUR |
| 2022 | 1 | 7,315 EUR | 7,315 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 248 companies in sector 29201 we hold annual accounts for 120. 41 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-06-2001
Fiscal year end30-06
Activities, NACEBEL
28520
29201Manufacture of motor vehicles, trailers and semi-trailers
33110Repair and maintenance of fabricated metal products
34201
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.