KESSEN
ActiveKESSEN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €382k and a net result of €114k. Equity is growing by ~42.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 1543 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.52 against 3.76 in 2024; short-term debt: 19.4% and cash: 71.5% of total assets), and 19.4% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
80.6%
Return on assets
24.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
11 d late
2023
30 d late
2022
34 d early
2021
19 d early
2020
51 d early
2019
53 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€382k▲ 42.6%
2024 · €268k
2018: €17k
2019: €6k
2020: €37k
2021: €89k
2022: €157k
2023: €195k
2024: €268k
2018 → 2025
Total assets
€475k▲ 37.0%
2024 · €346k
2018: €107k
2019: €148k
2020: €184k
2021: €211k
2022: €251k
2023: €284k
2024: €346k
2018 → 2025
Net result
€114k▲ 56.9%
2024 · €73k
2018: €2k
2019: €-11k
2020: €31k
2021: €52k
2022: €69k
2023: €38k
2024: €73k
2018 → 2025
Working capital
€325k▲ 50.2%
2024 · €217k
2018: €-2k
2019: €-16k
2020: €-13k
2021: €50k
2022: €90k
2023: €129k
2024: €217k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€157k▲ 77.3%€195k▲ 24.0%€268k▲ 37.3%€382k▲ 42.6%
Operating result€71k-€93k▲ 32.0%€56k▼ 39.9%€97k▲ 73.8%€161k▲ 65.5%
Net result€52k-€69k▲ 32.1%€38k▼ 44.9%€73k▲ 92.5%€114k▲ 56.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 66% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475k
Fixed assets
€57k▲ 10.6%
Current assets
€418k▲ 41.6%
Equity and liabilities €475k
Equity
€382k▲ 42.6%
Debt
€92k▲ 17.6%
The debt ratio falls from 22.6% to 19.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€183k▲
2024 · €123k
Cash flow
€137k▲
2024 · €98k
Solvency
80.6%▲
2024 · 77.4%
Current ratio
4.52▲
2024 · 3.76
Quick ratio
4.52▲
2024 · 3.74
Debt / equity
0.24▼
2024 · 0.29
ROE
29.9%▲
2024 · 27.2%
ROA
24.1%▲
2024 · 21.0%
Interest coverage
94.09▼
2024 · 112.66
Debt
€92k▲
2024 · €78k
Debt ≤ 1 year
€92k▲
2024 · €78k
Income taxes
€48k▲
2024 · €30k
Staff costs
€201k▲
2024 · €196k
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€346k€475k▲
Fixed assets21/28€51k€57k▲
Tangible fixed assets22/27€51k€57k▲
Plant, machinery and equipment23€32k€38k▲
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€18k€17k▼
Current assets29/58€295k€418k▲
Stocks and contracts in progress3€1k€0▼
Stocks30/36€1k€0▼
Amounts receivable within one year40/41€72k€73k▲
Trade receivables40€2k€112▼
Other amounts receivable41€70k€73k▲
Cash at bank and in hand54/58€215k€339k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€346k€475k▲
Equity10/15€268k€382k▲
Contributions10/11€6k€6k=
Reserves13€262k€376k▲
Distributable reserves133€262k€376k▲
Amounts payable17/49€78k€92k▲
Amounts payable within one year42/48€78k€92k▲
Current portion of amounts payable after more than one year42€762€0▼
Financial debts43€7k€14k▲
Credit institutions430/8€7k€14k▲
Trade debts44€35k€34k▼
Suppliers440/4€35k€34k▼
Taxes, remuneration and social security45€35k€44k▲
Taxes450/3€15k€25k▲
Remuneration and social security454/9€20k€19k▼
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Remuneration, social security and pensions62€196k€201k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€23k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€320k€388k▲
Operating profit (loss)9901€97k€161k▲
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€103k€162k▲
Income taxes67/77€30k€48k▲
Profit (loss) for the period9904€73k€114k▲
Profit (loss) for the period to be appropriated9905€73k€114k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€114k▲
Transfer to equity691/2€73k€114k▲
To other reserves6921€73k€114k▲
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €114k ▲56.9%
Operating result €161k, net result €114k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Equity above €200kEq €268k ▲37.3%
5 profitable years in a row build equity to €268k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €157k ▲77.3%
3 profitable years in a row build equity to €157k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-11k ▼777%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Schilde · 1 establishment unit since 2002
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.
Turnhoutsebaan 1902970 SchildeGround area
977 m²
Building footprint
378 m²
Volume, LiDAR
2,153 m³
2 parcels, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Akkerstraat 59, 2970 Schilde
since 20022.114.385.313
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0309/00M002 | Flanders | 775 m² | 1 · 179 m² | 7.0 m · 2 fl. |
| 11922C0070/00V000 | Flanders | 202 m² | 1 · 199 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
BAKKERIJ PUUR
BE 0754.706.322
Ieper · Eq €383k
KEUST
BE 0501.922.540
Rijkevorsel · Eq €381k
BAKKERIJ GUY SEYS
BE 0829.498.666
Tielt · Eq €380k
BLM EGGS
BE 0826.281.632
Blankenberge · Eq €384k
SIEKA
BE 0687.766.523
Beringen · Eq €384k
Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,316 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2002
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
82990Other business support services
10820Manufacture of cocoa, chocolate and sugar confectionery
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
47271Retail trade
47291Retail trade
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.