Financials
- Fiscal year
- 2025
- Total assets
- €255,732
- Loss
- -€226,941
- Solvency
- 26.8%
Total assets▼ 43.0%
Net result
20182025
KETELEER
ActiveSummary
The annual accounts of KETELEER for fiscal year 2025 show a net loss of 89% of total assets and of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €68,409 and a net result of -€226,941. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 28% of 33926 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Plumbing work
NACE 43221Roofing work NACE 43410Bricklaying and masonry work NACE 43910
1 site
Size
€255,732total assets 2025
- Staff
- 3 FTE
- Equity
- €68,409
- Loss
- -€226,941
Turnover not published (abridged schema)
Structure
- Holdings
- 1
Accounts 50 d early0 of 2 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €226,941, the second in a row (FY 2025)- Sector Specialised construction activities (NACE 43)+ Size: total assets €255,732+ Founded in 1989Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 13% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
52-39
equity 26.8% of total assets
Liquidity
25-21
short-term debt 53.5% · cash 1.4%
Profitability
0-3
return on assets -88.7%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● 0.0% vs 11-2024
01-2025: 0.4%▼ -0.7% vs 12-2024
02-2025: 0.4%▲ +0.7% vs 01-2025
03-2025: 0.4%▲ +2.6% vs 02-2025
04-2025: 0.4%▼ -0.2% vs 03-2025
05-2025: 0.4%▼ -2.6% vs 04-2025
06-2025: 0.4%▼ -3.8% vs 05-2025lowest value
07-2025: 0.5%▲ +22.7% vs 06-2025
08-2025: 0.7%▲ +37.0% vs 07-2025
09-2025: 1.4%▲ +110% vs 08-2025
10-2025: 1.4%● 0.0% vs 09-2025
11-2025: 1.4%● 0.0% vs 10-2025
12-2025: 1.4%● 0.0% vs 11-2025
01-2026: 1.4%▼ -0.6% vs 12-2025
02-2026: 1.4%● 0.0% vs 01-2026
03-2026: 1.4%▼ -0.6% vs 02-2026
04-2026: 1.4%▲ +0.4% vs 03-2026
05-2026: 1.4%▲ +0.6% vs 04-2026
06-2026: 1.4%▼ -2.8% vs 05-2026
07-2026: 1.4%▲ +3.3% vs 06-2026highest value
08-2026: 1.4%● 0.0% vs 07-2026highest value
09-2026: 1.4%● 0.0% vs 08-2026highest value
10-2026: 1.4%● 0.0% vs 09-2026highest value
- Loss of €226,941, the second in a row (FY 2025) raises the probability
- Sector Specialised construction activities (NACE 43) raises the probability
- Size: total assets €255,732 lowers the probability for this profile
- Founded in 1989 lowers the probability for this profile
Credit up to €3,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.79 against 1.14 in 2024; short-term debt: 53.5% and cash: 1.4% of total assets), and 73.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 28%, liquidity 14%, profitability 4%, growth against the median 5%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€226,941
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
6 d early
2023
30 d late
2022
31 d late
2021
29 d late
2020
3 d early
2019
19 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 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 29 August (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€226,941
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 11-06-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 25-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Plumbing workNACE 43221
- Founded
- 01-02-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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