KESSLER
ActiveKESSLER has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.08M and a net result of €-143k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▼-7
Solvency64▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.5 in 2023; short-term debt: 25% and cash: 0.8% of total assets), and 61.2% 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
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 35
Relative position
BE, all sectors
reference
Sector 35
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 2024Solvency, return and age of the figures
Solvency
38.8%
Return on assets
-1.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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
not confirmed
2024
7 d late
2023
9 d late
2022
7 d early
2021
25 d early
2020
4 d early
2019
6 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-143k
2023 · €72k
2018: €307k
2019: €305k
2020: €494k
2021: €656k
2022: €1.50M
2023: €72k
2018 → 2024
Working capital
€779k▼ 45.7%
2023 · €1.43M
2018: €641k
2019: €317k
2020: €572k
2021: €1.20M
2022: €1.17M
2023: €1.43M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.80M-€2.24M▲ 24.7%€3.58M▲ 59.3%€4.11M▲ 14.9%€4.08M▼ 0.7%
Operating result€420k-€704k▲ 67.5%€1.67M▲ 137%€-49k€-65k▼ 32.3%
Net result€494k-€656k▲ 32.8%€1.50M▲ 128%€72k▼ 95.2%€-143k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2024 against €49k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.51M
Fixed assets
€7.11M▼ 8.2%
Current assets
€3.40M▼ 20.6%
Equity and liabilities €10.51M
Equity
€4.08M▼ 0.7%
Debt
€6.43M▼ 18.8%
The debt ratio falls from 65.8% to 61.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€913k▼
2023 · €949k
Cash flow
€836k▼
2023 · €1.07M
Solvency
38.8%▲
2023 · 34.2%
Current ratio
1.30▼
2023 · 1.50
Quick ratio
1.21▼
2023 · 1.37
Debt / equity
1.58▼
2023 · 1.93
ROE
-3.5%▼
2023 · 1.7%
ROA
-1.4%▼
2023 · 0.6%
Interest coverage
5.43▼
2023 · 7.60
Debt
€6.43M▼
2023 · €7.92M
Debt ≤ 1 year
€2.63M▼
2023 · €2.85M
Debt > 1 year
€3.81M▼
2023 · €5.05M
Income taxes
€250▲
2023 · €188
Staff costs
€514k▲
2023 · €471k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€12.03M€10.51M▼
Fixed assets21/28€7.74M€7.11M▼
Intangible fixed assets21€703€352▼
Tangible fixed assets22/27€7.74M€7.11M▼
Land and buildings22€11k€6k▼
Plant, machinery and equipment23€6.53M€6.12M▼
Furniture and vehicles24€174k€149k▼
Leasing and similar rights25€917k€718k▼
Other tangible fixed assets26€114k€114k▲
Financial fixed assets28€613€613=
Current assets29/58€4.29M€3.40M▼
Stocks and contracts in progress3€391k€227k▼
Stocks30/36€391k€227k▼
Amounts receivable within one year40/41€3.81M€2.78M▼
Trade receivables40€2.15M€1.29M▼
Other amounts receivable41€1.66M€1.49M▼
Cash at bank and in hand54/58€79k€87k▲
Deferred charges and accrued income490/1€12k€310k▲
Equity and liabilities
Total equity and liabilities10/49€12.03M€10.51M▼
Equity10/15€4.11M€4.08M▼
Contributions10/11€245k€245k=
Reserves13€3.37M-
Distributable reserves133€3.37M-
Profit (loss) carried forward14-€3.23M
Investment grants15€494k€607k▲
Amounts payable17/49€7.92M€6.43M▼
Amounts payable after more than one year17€5.05M€3.81M▼
Financial debts170/4€5.05M€3.81M▼
Amounts payable within one year42/48€2.85M€2.63M▼
Current portion of amounts payable after more than one year42€653k€637k▼
Trade debts44€1.28M€887k▼
Suppliers440/4€1.28M€887k▼
Taxes, remuneration and social security45€555k€122k▼
Taxes450/3€519k€80k▼
Remuneration and social security454/9€37k€42k▲
Other amounts payable47/48€366k€980k▲
Accrued charges and deferred income492/3€20k€26▼
Income statement
Code20232024
Remuneration, social security and pensions62€471k€514k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€998k€978k▼
Other operating charges640/8€42k€42k▲
Gross operating margin9900€1.46M€1.47M▲
Operating profit (loss)9901€-49k€-65k▼
Financial income75/76B€246k€91k▼
Recurring financial income75€246k€91k▼
Financial charges65/66B€125k€168k▲
Recurring financial charges65€125k€168k▲
Profit (loss) for the period before taxes9903€72k€-142k▼
Income taxes67/77€188€250▲
Profit (loss) for the period9904€72k€-143k▼
Profit (loss) for the period to be appropriated9905€72k€-143k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€-143k▼
Transfer from equity791/2-€3.37M
Transfer to equity691/2€72k-
To other reserves6921€72k-
Social balance
Average headcount (FTE)90878.69.0▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-12
Financial
Weakest financial yearnet €-143k ▼299%
Net result drops to €-143k, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 9 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.50M ▲128%
Operating result €1.67M, net result €1.50M, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.24M ▲24.7%
4 profitable years in a row build equity to €2.24M.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Attert · 1 establishment unit since 1984
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.
Faascht, Grendel 1316717 Attert1 establishment unit
Faascht, Grendel 131, 6717 Attert
since 19842.024.200.057
Recognitions · licences · registrations
Food safety, FASFC
1 siteAttert2.024.200.057
Similar companies · same sector, comparable size
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Greenfrun
BE 0899.378.159
Dentergem · Eq €4.12M
LumIKA
BE 0794.547.784
Sint-Joost-ten-Node · Eq €4.14M
ECoOB
BE 0696.887.689
Herent · Eq €4.00M
ECOLMA
BE 0872.368.708
Flémalle · Eq €4.20M
Of 815 companies in sector 35110 we hold annual accounts for 631. 352 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-1984
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
35210Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filings
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.