KESTELO
ActiveKESTELO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-13k) and a net result of €4k. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 18016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency38▲+1
Growth58=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.67 in 2024), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
-29.4%
Return on assets
8.9%
Age of the figures
8 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 18016 sector peers (2025).
NBB · sector comparisonPosition among 18016 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
30 d late
2023
30 d late
2022
32 d late
2021
78 d late
2020
24 d early
2019
34 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-13k▲ 23.3%
2024 · €-18k
2018: €-5k
2019: €-12k
2020: €-10k
2021: €-19k
2022: €-27k
2023: €-27k
2024: €-18k
2018 → 2025
Total assets
€46k▲ 2.0%
2024 · €45k
2018: €53k
2019: €66k
2020: €60k
2021: €55k
2022: €54k
2023: €38k
2024: €45k
2018 → 2025
Net result
€4k▼ 55.5%
2024 · €9k
2018: €-9k
2019: €-7k
2020: €2k
2021: €-9k
2022: €-8k
2023: €146
2024: €9k
2018 → 2025
Working capital
€-17k▲ 18.2%
2024 · €-21k
2018: €-10k
2019: €-30k
2020: €-21k
2021: €-31k
2022: €-35k
2023: €-30k
2024: €-21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-19k-€-27k▼ 43.3%€-27k▲ 0.5%€-18k▲ 34.4%€-13k▲ 23.3%
Operating result€105k-€99k▼ 6.4%€108k▲ 9.6%€107k▼ 1.3%€120k▲ 12.8%
Net result€-9k-€-8k▲ 9.1%€146€9k▲ 6,215%€4k▼ 55.5%
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 13% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€4k▲ 9.0%
Current assets
€42k▲ 1.4%
Key figures and ratios
EBITDA
€122k▲
2024 · €109k
Cash flow
€6k▼
2024 · €12k
Solvency
-29.4%▲
2024 · -39.1%
Current ratio
0.71▲
2024 · 0.67
Quick ratio
0.44▼
2024 · 0.50
Debt / equity
-4.41▼
2024 · -3.56
ROE
-30.5%▲
2024 · -52.5%
ROA
8.9%▼
2024 · 20.5%
Interest coverage
1.08▼
2024 · 1.18
Debt
€59k▼
2024 · €63k
Debt ≤ 1 year
€59k▼
2024 · €63k
Income taxes
€3k▼
2024 · €5k
Staff costs
€55k▲
2024 · €37k
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€45k€46k▲
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27€3k€4k▲
Land and buildings22€333€184▼
Plant, machinery and equipment23€469€173▼
Furniture and vehicles24€3k€3k▲
Current assets29/58€42k€42k▲
Stocks and contracts in progress3€10k€16k▲
Stocks30/36€10k€16k▲
Amounts receivable within one year40/41€3k€5k▲
Trade receivables40€3k€4k▲
Other amounts receivable41€429€429=
Cash at bank and in hand54/58€29k€22k▼
Equity and liabilities
Total equity and liabilities10/49€45k€46k▲
Equity10/15€-18k€-13k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-38k€-34k▲
Amounts payable17/49€63k€59k▼
Amounts payable within one year42/48€63k€59k▼
Trade debts44€10k€9k▼
Suppliers440/4€10k€9k▼
Taxes, remuneration and social security45€19k€18k▼
Taxes450/3€4k€8k▲
Remuneration and social security454/9€14k€10k▼
Other amounts payable47/48€34k€32k▼
Income statement
Code20242025
Remuneration, social security and pensions62€37k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€988€1k▲
Gross operating margin9900€147k€179k▲
Operating profit (loss)9901€107k€120k▲
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€93k€113k▲
Recurring financial charges65€93k€113k▲
Profit (loss) for the period before taxes9903€14k€7k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€9k€4k▼
Profit (loss) for the period to be appropriated9905€9k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€-34k▲
Profit (loss) brought forward from the previous period14P€-47k€-38k▲
The notes to these accounts (5 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €9k ▲6215%
Net result €9k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €146
Net result €146 after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zonhoven · 1 establishment unit since 2011
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.
Elsbergweg 223520 ZonhovenGround area
4,318 m²
Building footprint
892 m²
Volume, LiDAR
4,490 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOTAL BOLDERBERG
since 20112.202.215.744
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462D0560/00V000 | Flanders | 3,689 m² | 1 · 760 m² | 6.8 m · 2 fl. |
| 71443E0499/00H002 | Flanders | 629 m² | 1 · 132 m² | 10.2 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
Food safety, FASFC
1 siteHeusden-Zolder2.202.215.744
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Of 1,262 companies in sector 47300 we hold annual accounts for 946. 220 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-07-2011
Fiscal year end31-12
Activities, NACEBEL
47300Retail sale of automotive fuel
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.