KEROTEC
ActiveSummary
The computed 12-month bankruptcy probability of KEROTEC is 1.9% (moderate). The 2025 annual accounts show equity of €345,307 and a net result of €253,608. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 28374 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency73▼-1
Growth78=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.16 in 2024; short-term debt: 31% and cash: 36.6% of total assets), but 52% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
48%
Return on assets
35.3%
Age of the figures
9 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 13-03-2026, 140 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
140 d early
2024
127 d early
2023
65 d early
2022
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 94 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 April (3 of the last 4 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€345,307▼ 1.8%
2024 · €351,699
Total assets
€718,912▲ 0.5%
2024 · €715,446
Net result
€253,608▲ 22.4%
2024 · €207,221
Working capital
€231,887▲ 5.5%
2024 · €219,824
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€69,896-€290,194▲ 315%€236,090▼ 18.6%€279,969▲ 18.6%
Net result€56,424above the sector's middle half-€221,606above the sector's middle half▲ 293%€207,221above the sector's middle half▼ 6.5%€253,608above the sector's middle half▲ 22.4%
Equity€58,824within the sector's middle half-€266,144above the sector's middle half▲ 352%€351,699above the sector's middle half▲ 32.1%€345,307above the sector's middle half▼ 1.8%
Total assets€86,557within the sector's middle half-€532,539above the sector's middle half▲ 515%€715,446above the sector's middle half▲ 34.3%€718,912above the sector's middle half▲ 0.5%
Debt€27,732-€266,395▲ 861%€363,747▲ 36.5%€373,605▲ 2.7%
Working capital€38,633within the sector's middle half-€188,964above the sector's middle half▲ 389%€219,824above the sector's middle half▲ 16.3%€231,887above the sector's middle half▲ 5.5%
Solvency68.0%above the sector's middle half-50.0%within the sector's middle half▼ 18.0pp49.2%within the sector's middle half▼ 0.8pp48.0%within the sector's middle half▼ 1.1pp
Current ratio2.39within the sector's middle half-3.00within the sector's middle half▲ 0.612.16within the sector's middle half▼ 0.842.04within the sector's middle half▼ 0.12
Return on assets (ROA)65.2%above the sector's middle half-41.6%above the sector's middle half▼ 23.6pp29.0%above the sector's middle half▼ 12.6pp35.3%above the sector's middle half▲ 6.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €718,912
Fixed assets
€264,232 ▼ 13.8%
Current assets
€454,680 ▲ 11.2%
Equity and liabilities €718,912
Equity
€345,307 ▼ 1.8%
Debt
€373,605 ▲ 2.7%
Debt's share of the balance-sheet total rises from 50.8% to 52.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€322,325▲
2024 · €271,842
Cash flow
€295,964▲
2024 · €242,972
Debt to equity
1.08▲
2024 · 1.03
ROE
73.4%▲
2024 · 58.9%
Interest coverage
44.29▲
2024 · 32.12
Debt ≤ 1 year
€222,793▲
2024 · €189,033
Debt > 1 year
€150,813▼
2024 · €174,714
Income taxes
€19,311▼
2024 · €20,735
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
1.9%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,126 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,781 | €43,738 | €35,751 | €42,356 | ▲ 18.5% |
| Other operating charges640/8 | €221 | €535 | €1,584 | €2,019 | ▲ 27.4% |
| Gross operating margin9900 | €72,898 | €334,468 | €273,426 | €324,344 | ▲ 18.6% |
| Operating profit (loss)9901 | €69,896 | €290,194 | €236,090 | €279,969 | ▲ 18.6% |
| Financial income75/76B | €755 | €392 | €330 | €227 | ▼ 31.0% |
| Recurring financial income75 | €755 | €392 | €330 | €227 | ▼ 31.0% |
| Financial charges65/66B | €49 | €1,262 | €8,464 | €7,277 | ▼ 14.0% |
| Recurring financial charges65 | €49 | €1,262 | €8,464 | €7,277 | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €70,602 | €289,325 | €227,955 | €272,919 | ▲ 19.7% |
| Income taxes67/77 | €14,178 | €67,719 | €20,735 | €19,311 | ▼ 6.9% |
| Profit (loss) for the period9904 | €56,424 | €221,606 | €207,221 | €253,608 | ▲ 22.4% |
| Profit (loss) for the period to be appropriated9905 | €56,424 | €221,606 | €207,221 | €253,608 | ▲ 22.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €86,557 | €532,539 | €715,446 | €718,912 | ▲ 0.5% |
| Fixed assets21/28 | €20,192 | €249,050 | €306,588 | €264,232 | ▼ 13.8% |
| Tangible fixed assets22/27 | €20,192 | €249,050 | €306,588 | €264,232 | ▼ 13.8% |
| Land and buildings22 | - | €203,310 | €204,519 | €191,567 | ▼ 6.3% |
| Furniture and vehicles24 | €20,192 | €45,740 | €102,069 | €72,666 | ▼ 28.8% |
| Current assets29/58 | €66,365 | €283,489 | €408,857 | €454,680 | ▲ 11.2% |
| Amounts receivable within one year40/41 | €26,115 | €55,091 | €111,856 | €90,696 | ▼ 18.9% |
| Trade receivables40 | €19,382 | €48,127 | €95,915 | €68,163 | ▼ 28.9% |
| Other amounts receivable41 | €6,733 | €6,963 | €15,941 | €22,533 | ▲ 41.4% |
| Current investments50/53 | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €40,250 | €228,399 | €297,001 | €263,345 | ▼ 11.3% |
| Deferred charges and accrued income490/1 | - | - | - | €639 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €86,557 | €532,539 | €715,446 | €718,912 | ▲ 0.5% |
| Equity10/15 | €58,824 | €266,144 | €351,699 | €345,307 | ▼ 1.8% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €54,824 | €262,144 | €347,699 | €341,307 | ▼ 1.8% |
| Distributable reserves133 | €54,824 | €262,144 | €347,699 | €341,307 | ▼ 1.8% |
| Amounts payable17/49 | €27,732 | €266,395 | €363,747 | €373,605 | ▲ 2.7% |
| Amounts payable after more than one year17 | - | €171,870 | €174,714 | €150,813 | ▼ 13.7% |
| Financial debts170/4 | - | €171,870 | €174,714 | €150,813 | ▼ 13.7% |
| Amounts payable within one year42/48 | €27,732 | €94,525 | €189,033 | €222,793 | ▲ 17.9% |
| Current portion of amounts payable after more than one year42 | - | €17,340 | €23,425 | €23,901 | ▲ 2.0% |
| Trade debts44 | €11,598 | €6,739 | €42,286 | €15,670 | ▼ 62.9% |
| Suppliers440/4 | €11,598 | €6,739 | €42,286 | €15,670 | ▼ 62.9% |
| Taxes, remuneration and social security45 | €14,184 | €67,725 | €506 | €406 | ▼ 19.8% |
| Taxes450/3 | €14,184 | €67,725 | €506 | €406 | ▼ 19.8% |
| Other amounts payable47/48 | €1,950 | €2,721 | €122,816 | €182,816 | ▲ 48.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,424 | €221,606 | €207,221 | €253,608 | ▲ 22.4% |
| + Depreciation and write-downs630 | €2,781 | €43,738 | €35,751 | €42,356 | ▲ 18.5% |
| Operating cash flow (approximation) | €59,206 | €265,344 | €242,972 | €295,964 | ▲ 21.8% |
| Investment in fixed assets (approximation) | - | -€272,597 | -€93,290 | €0 | ▲ 100% |
| Change in cash | - | €188,149 | €68,603 | -€33,657 | ▼ 149% |
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
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €253,608 ▲22.4%
Net result €253,608, the highest in the series.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €266,144 ▲352%
2 profitable years in a row build equity to €266,144.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2022
Ground area
254 m²
Building footprint
165 m²
Volume, LiDAR
895 m³
Parcel 31808K0590/00C007, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEROTEC
since 20222.331.045.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0590/00C007 | Flanders | 254 m² | 1 · 164 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 7,311 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
27402Manufacture of electrical equipment
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
46643Wholesale of electrical equipment, including installation materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785825704
Also
9925:BE0785825704
Registered
29-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.