Kerlinga
ActiveKerlinga has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €948k and a net result of €142k. Equity is growing by ~18.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-17
Solvency42▲+7
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.34 in 2024), and 66.2% 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.
−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 · 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
33.8%
Return on assets
5.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
11 d late
2023
7 d early
2022
on the day
2021
3 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€142k▼ 3.7%
2024 · €148k
2018: €160k
2019: €1.16M
2020: €85k
2021: €182k
2022: €-27k
2023: €109k
2024: €148k
2018 → 2025
Working capital
€-161k▲ 2.5%
2024 · €-165k
2018: €-384k
2019: €301k
2020: €385k
2021: €492k
2022: €-35k
2023: €-169k
2024: €-165k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€576k-€549k▼ 4.7%€658k▲ 19.9%€806k▲ 22.5%€948k▲ 17.7%
Operating result€251k-€-36k€134k€201k▲ 50.1%€188k▼ 6.6%
Net result€182k-€-27k€109k€148k▲ 35.5%€142k▼ 3.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.81M
Fixed assets
€2.66M▼ 0.1%
Current assets
€146k▲ 70.9%
Equity and liabilities €2.81M
Equity
€948k▲ 17.7%
Debt
€1.86M▼ 4.3%
The debt ratio falls from 70.7% to 66.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€190k▼
2024 · €203k
Cash flow
€144k▼
2024 · €149k
Solvency
33.8%▲
2024 · 29.3%
Current ratio
0.48▲
2024 · 0.34
Quick ratio
0.48▲
2024 · 0.34
Debt / equity
1.96▼
2024 · 2.41
ROE
15.0%▼
2024 · 18.3%
ROA
5.1%▼
2024 · 5.4%
Interest coverage
4.50▲
2024 · 4.18
Debt
€1.86M▼
2024 · €1.94M
Debt ≤ 1 year
€307k▲
2024 · €251k
Debt > 1 year
€1.55M▼
2024 · €1.69M
Income taxes
€56k▼
2024 · €57k
Staff costs
€-4k▲
2024 · €-9k
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€2.75M€2.81M▲
Fixed assets21/28€2.66M€2.66M▼
Tangible fixed assets22/27€11k€9k▼
Land and buildings22€2k€2k=
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€407€163▼
Financial fixed assets28€2.65M€2.65M=
Current assets29/58€86k€146k▲
Amounts receivable within one year40/41€11k€64k▲
Trade receivables40€4k€4k=
Other amounts receivable41€7k€60k▲
Cash at bank and in hand54/58€70k€21k▼
Deferred charges and accrued income490/1€4k€61k▲
Equity and liabilities
Total equity and liabilities10/49€2.75M€2.81M▲
Equity10/15€806k€948k▲
Contributions10/11€256k€256k=
Reserves13€46k€46k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€504k€646k▲
Amounts payable17/49€1.94M€1.86M▼
Amounts payable after more than one year17€1.69M€1.55M▼
Financial debts170/4€1.69M€1.55M▼
Amounts payable within one year42/48€251k€307k▲
Current portion of amounts payable after more than one year42€140k€140k=
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€58k€114k▲
Taxes450/3€58k€114k▲
Other amounts payable47/48€51k€51k=
Income statement
Code20242025
Remuneration, social security and pensions62€-9k€-4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€18k€18k▲
Gross operating margin9900€212k€204k▼
Operating profit (loss)9901€201k€188k▼
Financial income75/76B€53k€53k▲
Recurring financial income75€53k€53k▲
Financial charges65/66B€48k€42k▼
Recurring financial charges65€48k€42k▼
Profit (loss) for the period before taxes9903€205k€199k▼
Income taxes67/77€57k€56k▼
Profit (loss) for the period9904€148k€142k▼
Profit (loss) for the period to be appropriated9905€148k€142k▼
Appropriation of the result
Profit (loss) to be appropriated9906€504k€646k▲
Profit (loss) brought forward from the previous period14P€356k€504k▲
The notes to these accounts (16 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
04-09
State Gazette act
Merger · Accounting effectMerger · Accounting effect · Egm scheduled5 facts ▸
State Gazette act
Merger · Accounting effect
Merger · Accounting effect · Egm scheduled5 facts ▸
- Merger, 27/08/2026
- Accounting effect, 30/06/2026
- Egm scheduled, 12/10/2026
- Shareholding, toutes les actions des Sociétés (Absorbante et Absorbée) directement détenues par EDSONS SA; fusion réalisée sans émission d'actions nouvelles et sans modificat…
- Fiscal neutrality, régime de neutralité fiscale (articles 183bis et 211 CIR 1992; droits d'enregistrement; TVA)
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €109k
Net result €109k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-27k ▼115%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €576k ▲46%
4 profitable years in a row build equity to €576k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €1.16M ▲627%
Operating result €1.27M, net result €1.16M, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.19
Current ratio from 0.30 to 1.19.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1927
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.
Hamoirlaan 251180 UkkelGround area
154 m²
Building footprint
154 m²
Volume, LiDAR
1,041 m³
Parcel 21612C0294/00H013, Brussels · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hamoirlaan 25, 1180 Ukkel
since 19272.004.626.150
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0294/00H013 | Brussels | 154 m² | 1 · 154 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.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:MEIRIMMO
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.