KEST
ActiveSummary
KEST has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,797 and a net result of €7,491. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-12
Solvency83▼-17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.6 against 2.21 in 2024; short-term debt: 19.5% and cash: 27.7% of total assets), and 42.4% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
57.6%
Return on assets
2.5%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
29 d early
2023
6 d early
2022
5 d early
2021
2 d early
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 26 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€174,797▲ 4.5%
2024 · €167,306
Total assets
€303,277▲ 39.0%
2024 · €218,112
Net result
€7,491▼ 65.9%
2024 · €21,991
Working capital
€94,792▲ 64.5%
2024 · €57,619
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20212022202320242025
Operating result€27,866€30,108▲ 8.0%€47,432▲ 57.5%€80,993▲ 70.8%€64,060▼ 20.9%
Net result€22,439within the sector's middle half▲ 572%€17,102within the sector's middle half▼ 23.8%€31,572above the sector's middle half▲ 84.6%€21,991within the sector's middle half▼ 30.3%€7,491within the sector's middle half▼ 65.9%
Equity€101,506above the sector's middle half▲ 28.4%€117,008above the sector's middle half▲ 15.3%€146,981above the sector's middle half▲ 25.6%€167,306above the sector's middle half▲ 13.8%€174,797above the sector's middle half▲ 4.5%
Total assets€135,737within the sector's middle half▲ 15.4%€141,250within the sector's middle half▲ 4.1%€185,977within the sector's middle half▲ 31.7%€218,112within the sector's middle half▲ 17.3%€303,277above the sector's middle half▲ 39.0%
Debt€34,231▼ 11.3%€24,242▼ 29.2%€38,997▲ 60.9%€50,806▲ 30.3%€128,480▲ 153%
Working capital€65,892above the sector's middle half▲ 5.2%€90,985above the sector's middle half▲ 38.1%€59,561above the sector's middle half▼ 34.5%€57,619above the sector's middle half▼ 3.3%€94,792above the sector's middle half▲ 64.5%
Solvency74.8%above the sector's middle half▲ 7.6pp82.8%above the sector's middle half▲ 8.1pp79.0%above the sector's middle half▼ 3.8pp76.7%above the sector's middle half▼ 2.3pp57.6%within the sector's middle half▼ 19.1pp
Current ratio3.72above the sector's middle half▼ 0.606.56above the sector's middle half▲ 2.842.58above the sector's middle half▼ 3.982.21above the sector's middle half▼ 0.372.60above the sector's middle half▲ 0.39
Return on assets (ROA)16.5%within the sector's middle half▲ 13.7pp12.1%within the sector's middle half▼ 4.4pp17.0%above the sector's middle half▲ 4.9pp10.1%within the sector's middle half▼ 6.9pp2.5%within the sector's middle half▼ 7.6pp
Staff (FTE)0.20.9▲ 350%0.1
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €303,277
Fixed assets
€149,237 ▲ 32.4%
Current assets
€154,040 ▲ 46.2%
Equity and liabilities €303,277
Equity
€174,797 ▲ 4.5%
Debt
€128,480 ▲ 153%
Debt's share of the balance-sheet total rises from 23.3% to 42.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€96,168▼
2024 · €98,218
Cash flow
€39,599▲
2024 · €39,216
Debt to equity
0.74▲
2024 · 0.30
ROE
4.3%▼
2024 · 13.1%
Interest coverage
1.88▼
2024 · 2.11
Debt ≤ 1 year
€59,248▲
2024 · €47,767
Debt > 1 year
€47,862▲
2024 · €0
Income taxes
€5,734▼
2024 · €11,342
Staff costs
€170▼
2024 · €5,484
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €14,050 | €0 | €2,479 | - |
| Remuneration, social security and pensions62 | €5,985 | €15,607 | €0 | €5,484 | €170 | ▼ 96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,496 | €17,074 | €21,126 | €17,225 | €32,108 | ▲ 86.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €558 | €0 | - | - | - | - |
| Other operating charges640/8 | €3,289 | €3,824 | €2,300 | €2,454 | €2,730 | ▲ 11.3% |
| Gross operating margin9900 | €52,194 | €66,613 | €70,858 | €106,156 | €99,069 | ▼ 6.7% |
| Operating profit (loss)9901 | €27,866 | €30,108 | €47,432 | €80,993 | €64,060 | ▼ 20.9% |
| Financial income75/76B | €0 | €7 | €3 | €129 | €574 | ▲ 346% |
| Recurring financial income75 | €0 | €7 | €3 | €129 | €574 | ▲ 346% |
| Financial charges65/66B | €701 | €725 | €1,816 | €47,788 | €51,410 | ▲ 7.6% |
| Recurring financial charges65 | €701 | €725 | €1,246 | €46,586 | €51,182 | ▲ 9.9% |
| Non-recurring financial charges66B | - | - | €570 | €1,202 | €227 | ▼ 81.1% |
| Profit (loss) for the period before taxes9903 | €27,165 | €29,391 | €45,619 | €33,333 | €13,225 | ▼ 60.3% |
| Income taxes67/77 | €4,725 | €12,288 | €14,047 | €11,342 | €5,734 | ▼ 49.4% |
| Profit (loss) for the period9904 | €22,439 | €17,102 | €31,572 | €21,991 | €7,491 | ▼ 65.9% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €22,439 | €17,102 | €31,572 | €21,991 | €7,491 | ▼ 65.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135,737 | €141,250 | €185,977 | €218,112 | €303,277 | ▲ 39.0% |
| Fixed assets21/28 | €45,594 | €33,886 | €88,713 | €112,726 | €149,237 | ▲ 32.4% |
| Tangible fixed assets22/27 | €42,167 | €26,059 | €76,486 | €96,099 | €149,237 | ▲ 55.3% |
| Plant, machinery and equipment23 | €7,896 | €6,157 | €4,012 | €2,418 | €1,782 | ▼ 26.3% |
| Furniture and vehicles24 | €27,704 | €14,081 | €65,063 | €87,281 | €140,201 | ▲ 60.6% |
| Other tangible fixed assets26 | €6,568 | €5,822 | €7,411 | €6,401 | €7,254 | ▲ 13.3% |
| Financial fixed assets28 | €3,427 | €7,827 | €12,227 | €16,627 | €0 | ▼ 100% |
| Current assets29/58 | €90,143 | €107,364 | €97,264 | €105,386 | €154,040 | ▲ 46.2% |
| Amounts receivable within one year40/41 | €17,612 | €39,229 | €47,715 | €41,047 | €68,643 | ▲ 67.2% |
| Trade receivables40 | €17,338 | €33,856 | €44,762 | €18,580 | €34,126 | ▲ 83.7% |
| Other amounts receivable41 | €275 | €5,373 | €2,953 | €22,467 | €34,518 | ▲ 53.6% |
| Cash at bank and in hand54/58 | €70,814 | €67,600 | €47,573 | €61,941 | €84,034 | ▲ 35.7% |
| Deferred charges and accrued income490/1 | €1,716 | €535 | €1,977 | €2,398 | €1,363 | ▼ 43.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135,737 | €141,250 | €185,977 | €218,112 | €303,277 | ▲ 39.0% |
| Equity10/15 | €101,506 | €117,008 | €146,981 | €167,306 | €174,797 | ▲ 4.5% |
| Contributions10/11 | €28,400 | €28,400 | €28,400 | €28,400 | €28,400 | = |
| Reserves13 | €64,506 | €81,609 | €113,181 | €135,172 | €146,397 | ▲ 8.3% |
| Non-distributable reserves130/1 | €2,840 | €2,840 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,840 | €2,840 | €0 | - | - | - |
| Distributable reserves133 | €61,666 | €78,769 | €113,181 | €135,172 | €146,397 | ▲ 8.3% |
| Profit (loss) carried forward14 | €8,600 | €7,000 | €5,400 | €3,734 | €0 | ▼ 100% |
| Amounts payable17/49 | €34,231 | €24,242 | €38,997 | €50,806 | €128,480 | ▲ 153% |
| Amounts payable after more than one year17 | €2,390 | €0 | €1,293 | €0 | €47,862 | - |
| Financial debts170/4 | €2,390 | €0 | €1,293 | €0 | €47,862 | - |
| Amounts payable within one year42/48 | €24,251 | €16,379 | €37,704 | €47,767 | €59,248 | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | €7,116 | €2,390 | €15,222 | €1,293 | €13,420 | ▲ 938% |
| Trade debts44 | €8,570 | €4,871 | €12,709 | €5,291 | €5,443 | ▲ 2.9% |
| Suppliers440/4 | €8,570 | €4,871 | €12,709 | €5,291 | €5,443 | ▲ 2.9% |
| Advances received on contracts in progress46 | €150 | €0 | - | €140 | €1,278 | ▲ 811% |
| Taxes, remuneration and social security45 | €5,115 | €3,601 | €2,613 | €1,452 | €905 | ▼ 37.6% |
| Taxes450/3 | €1,303 | €785 | €2,613 | €1,452 | €905 | ▼ 37.6% |
| Remuneration and social security454/9 | €3,812 | €2,816 | €0 | - | - | - |
| Other amounts payable47/48 | €3,299 | €5,517 | €7,160 | €39,592 | €38,203 | ▼ 3.5% |
| Accrued charges and deferred income492/3 | €7,590 | €7,863 | €0 | €3,039 | €21,370 | ▲ 603% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,439 | €17,102 | €31,572 | €21,991 | €7,491 | ▼ 65.9% |
| + Depreciation and write-downs630 | €14,496 | €17,074 | €21,126 | €17,225 | €32,108 | ▲ 86.4% |
| Operating cash flow (approximation) | €36,935 | €34,176 | €52,698 | €39,216 | €39,599 | ▲ 1.0% |
| Investment in fixed assets (approximation) | - | -€5,366 | -€75,952 | -€41,238 | -€68,619 | ▼ 66.4% |
| Change in cash | - | -€3,214 | -€20,028 | €14,368 | €22,093 | ▲ 53.8% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €167,306 ▲13.8%
7 profitable years in a row build equity to €167,306.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €31,572 ▲84.6%
Net result €31,572, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €101,506 ▲28.4%
4 profitable years in a row build equity to €101,506.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €3,338 ▼70.2%
Net result drops to €3,338, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Kontich · 1 establishment unit since 2001
Ground area
4,974 m²
Building footprint
175 m²
Volume, LiDAR
916 m³
Parcel 11602E0401/00A000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEST
since 20012.100.075.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0401/00A000 | Flanders | 4,974 m² | 1 · 175 m² | 9.0 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900Z7KYVPOVML7Q32
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 8,824 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
Founded08-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56220Contract catering and other food service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473746218
Also
9925:BE0473746218
Registered
26-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.