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KESTELYN

Active
Public limited companyfounded 197155 years activeMeersbloem-Leupegem 22, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0411.509.533
Summary

KESTELYN has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.7m and a net result of €2.1m. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 1,106 sector peers (NACE 77, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Renting and leasing of other machinery, equipment and tangible goods
NACE 77399General electrical installation work NACE 43211
#1 oldest company in Oudenaarde, Administrative and support services sector1 site
Size
€8.9mtotal assets 2025
Staff
2 FTE
Equity
€8.7m
Profit
€2.1m
Turnover not published (abridged schema)
Financial health
98 Excellent Checked score 2025
Bankruptcy probability, 12 months
< 0.1%
Structure
Parent
ALKES INVEST · 99.72%
Accounts 29 days early0 of 9 deeds read
Why 98+ Liquidity: current ratio 37.82, cash €3.6m+ Founded in 1971+ Size: 2 FTE, total assets €8.9m+ Equity €8.7m (97.5% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 81% of its sector peers (NACE 77, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 97.5% of total assets
Liquidity 100=
short-term debt 2.5% · cash 40.2%
Profitability 98+3
return on assets 23.6%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,159 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit up to €850,000 at 30 days acceptable
Liquidity ample (current ratio 37.82 against 15.33 in 2024; short-term debt: 2.5% and cash: 40.2% of total assets), and 2.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, micro): better than 91% on solvency, 98% on liquidity, 90% on profitability and 46% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 37.82, cash €3.6m
NBB · annual accounts
lowers risk · Founded in 1971
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: 2 FTE, total assets €8.9m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €8.7m (97.5% of total assets)
NBB · annual accounts
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
28 days late
2023
14 days early
2022
31 days late
2021
15 days early
2020
11 days early
2019
2 days early
← 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 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 18 July (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Highest result since 2018net €2.1m ▲8%
  3. Liquidity doublescurrent ratio 37.82

Key points

  • Positive: Oldest company in Oudenaarde, Administrative and support services…in the Checked rankings #1 View
  • Positive: 8 profitable years in a rowprofit 2025: €2.1m 8 years View
  • Controlled by ALKES INVEST 99.72% View
  • Active since 1971founded 23-08-1971 55 years View

By topic

Financials

Fiscal year
2025
Total assets
€8.9m
Profit
€2.1m
Solvency
97.5%
Total assets▼ 2.6%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 28-08-2025Annual accounts filed
  2. 31-12-2024Liquidity quadruples
  3. 17-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and leasing of other machinery, equipment and…NACE 77399
Founded
23-08-1971
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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