KETTELS
ActiveSummary
KETTELS has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,857 and a net result of €4,878. Equity is growing by about 51% per year across the filed financial years. Its solvency ranks better than 81% of 34,590 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- €34,857
- Profit
- €4,878
- KETTELS IgnaceDirector
- VERBESTEL BiancaDirector
Why 84raises riskSize: total assets €46,171Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 3.96, cash €833lowers riskFounded in 2009Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro): better than 90% on solvency, 33% on liquidity, 63% on profitability and 64% on growth.
The bankruptcy probability was computed on 21-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 39 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2018 to 2025net €11,497 ▲208%
Financials · financial year 2025, micro format
2025 annual accounts filed late (30 days) Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00454141.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 58% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €2,027 | - |
| Remuneration, social security and pensions62 | - | - | - | €708 | €4,711 | €2,029 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,779 | €544 | €536 | €317 | €80 | €529 | €490 | €591 | ▲ 20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€943 | - | - | - | €120 | - |
| Other operating charges640/8 | - | - | - | €468 | €469 | €1,166 | €808 | €701 | ▼ 13.3% |
| Non-recurring operating charges66A | - | - | - | €106 | €106 | €53 | - | - | - |
| Gross operating margin9900 | €12,656 | €12,584 | €9,926 | €13,394 | €13,505 | €10,735 | €18,907 | €8,880 | ▼ 53.0% |
| Operating profit (loss)9901 | €764 | €9,239 | €7,631 | €12,738 | €8,139 | €6,958 | €17,609 | €7,469 | ▼ 57.6% |
| Financial income75/76B | - | - | - | €463 | €8 | €1 | €610 | €162 | ▼ 73.4% |
| Recurring financial income75 | €216 | €66 | €16 | €463 | €8 | €1 | €610 | €162 | ▼ 73.4% |
| Financial charges65/66B | - | - | - | €300 | €568 | €918 | €593 | €673 | ▲ 13.4% |
| Recurring financial charges65 | €2,493 | €1,044 | €500 | €300 | €568 | €918 | €593 | €673 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | -€1,513 | €8,261 | €7,146 | €12,901 | €7,579 | €6,040 | €17,626 | €6,958 | ▼ 60.5% |
| Income taxes67/77 | €890 | €2,003 | €1,677 | €4,122 | €2,501 | €2,311 | €6,128 | €2,080 | ▼ 66.1% |
| Profit (loss) for the period9904 | -€2,403 | €6,258 | €5,469 | €8,780 | €5,078 | €3,729 | €11,497 | €4,878 | ▼ 57.6% |
| Profit (loss) for the period to be appropriated9905 | -€2,403 | €6,258 | €5,469 | €8,780 | €5,078 | €3,729 | €11,497 | €4,878 | ▼ 57.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €32,445 | €40,103 | €24,152 | €30,240 | €55,205 | €33,958 | €41,710 | €46,171 | ▲ 10.7% |
| Fixed assets21/28 | €5,190 | €950 | €415 | €97 | €2,252 | €1,937 | €1,447 | €1,323 | ▼ 8.6% |
| Tangible fixed assets22/27 | €5,190 | €950 | €415 | €97 | €2,252 | €1,937 | €1,447 | €1,323 | ▼ 8.6% |
| Plant, machinery and equipment23 | - | - | - | €97 | €1,431 | €1,281 | €956 | €632 | ▼ 33.9% |
| Furniture and vehicles24 | - | - | - | - | €821 | €656 | €491 | €691 | ▲ 40.7% |
| Other tangible fixed assets26 | - | - | - | €0 | €0 | €0 | €0 | €0 | = |
| Current assets29/58 | €27,255 | €39,153 | €23,738 | €30,143 | €52,953 | €32,022 | €40,263 | €44,848 | ▲ 11.4% |
| Stocks and contracts in progress3 | €8,063 | €2,267 | €2,777 | €5,948 | €4,334 | €4,299 | €4,299 | €4,299 | = |
| Stocks30/36 | - | - | - | €5,948 | €4,334 | €4,299 | €4,299 | €4,299 | = |
| Amounts receivable within one year40/41 | €17,934 | €24,171 | €16,469 | €20,178 | €41,237 | €19,472 | €28,223 | €30,851 | ▲ 9.3% |
| Trade receivables40 | - | - | - | €8,848 | €16,114 | €12,298 | €10,928 | €14,466 | ▲ 32.4% |
| Other amounts receivable41 | - | - | - | €11,329 | €25,123 | €7,174 | €17,295 | €16,385 | ▼ 5.3% |
| Cash at bank and in hand54/58 | - | - | - | €428 | €473 | €75 | €75 | €833 | ▲ 1,007% |
| Deferred charges and accrued income490/1 | - | - | - | €3,589 | €6,910 | €8,175 | €7,666 | €8,866 | ▲ 15.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €32,445 | €40,103 | €24,152 | €30,240 | €55,205 | €33,958 | €41,710 | €46,171 | ▲ 10.7% |
| Equity10/15 | -€10,833 | -€4,575 | €894 | €9,674 | €14,752 | €18,481 | €29,978 | €34,857 | ▲ 16.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €659 | €659 | €659 | €3,474 | €8,552 | €12,281 | €23,778 | €28,657 | ▲ 20.5% |
| Non-distributable reserves130/1 | - | - | - | €659 | €659 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €659 | €659 | - | - | - | - |
| Distributable reserves133 | - | - | - | €2,815 | €7,893 | €12,281 | €23,778 | €28,657 | ▲ 20.5% |
| Profit (loss) carried forward14 | -€17,691 | -€11,433 | -€5,965 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €43,277 | €44,678 | €23,258 | €20,567 | €40,453 | €15,478 | €11,732 | €11,314 | ▼ 3.6% |
| Amounts payable after more than one year17 | €2,252 | - | - | - | €5,000 | €1,466 | - | - | - |
| Financial debts170/4 | - | - | - | - | €5,000 | €1,466 | - | - | - |
| Amounts payable within one year42/48 | €41,026 | €44,678 | €23,258 | €20,567 | €35,453 | €14,012 | €11,732 | €11,314 | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0 | €2,630 | €1,359 | - | - |
| Financial debts43 | - | - | - | - | - | €896 | €927 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €896 | €927 | - | - |
| Trade debts44 | €33,581 | €16,143 | €19,640 | €18,883 | €32,794 | €8,016 | €847 | €3,334 | ▲ 294% |
| Suppliers440/4 | - | - | - | €18,883 | €32,794 | €8,016 | €847 | €3,334 | ▲ 294% |
| Advances received on contracts in progress46 | - | - | - | €159 | €159 | €159 | €159 | €159 | = |
| Taxes, remuneration and social security45 | - | - | - | €1,525 | €2,501 | €2,311 | €8,439 | €7,821 | ▼ 7.3% |
| Taxes450/3 | - | - | - | €1,525 | €2,501 | €2,311 | €8,439 | €7,821 | ▼ 7.3% |
| Other amounts payable47/48 | - | - | - | - | €0 | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,403 | €6,258 | €5,469 | €8,780 | €5,078 | €3,729 | €11,497 | €4,878 | ▼ 57.6% |
| + Depreciation and write-downs630 | €4,779 | €544 | €536 | €317 | €80 | €529 | €490 | €591 | ▲ 20.6% |
| Operating cash flow (approximation) | €2,376 | €6,802 | €6,004 | €9,097 | €5,158 | €4,258 | €11,987 | €5,469 | ▼ 54.4% |
| Investment in fixed assets (approximation) | - | €3,695 | €0 | €0 | -€2,234 | -€214 | €0 | -€466 | - |
| Change in cash | - | - | - | - | €45 | -€398 | €0 | €758 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00454141 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00321143 |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00300441 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00376264 |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20442257 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-55800544 |
| 31-12-2019 | micro format | 30-11-2020 | 2020-72500396 |
| 31-12-2018 | micro format | 29-07-2019 | 2019-38900159 |
| 31-12-2017 | micro format | 10-11-2018 | 2018-72000523 |
| 31-12-2016 | micro format | 25-08-2017 | 2017-47000227 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KETTELS Ignace |
|
| VERBESTEL Bianca |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
31-01
Gazette deed
Reappointments: KETTELS Ignace (director) and VERBESTEL Bianca (director)Permanent representative: KETTELS Ignace · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 13-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Director reappointment, KETTELS Ignace (director (not named in the articles))
- Director reappointment, VERBESTEL Bianca (director (not named in the articles))
- Other provision, “uitoefening mandaat, kwijting ontslagnemende zaakvoerders” (deed in Dutch)
- Permanent representative, KETTELS Ignace
- Registered office clause, “9450 Haaltert,Windmolenstraat 29” (deed in Dutch)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0820.234.770
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41024B0619/00M000 | Flanders | 1,132 m² | 1 · 145 m² | 10.0 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Loodgieterswerk; Reparatie en onderhoud van verwarmingsinstallaties; Installatie van verwarming,klimaatregeling en ventilatie; Installatie…” (deed in Dutch)
35 activities (deed in Dutch)
- Loodgieterswerk
- Reparatie en onderhoud van verwarmingsinstallaties
- Installatie van verwarming,klimaatregeling en ventilatie
- Installatie van verwarming,klimaatregeling en ventilatie(zonder verwarming)
- Aanbrengen in gebouwen en andere bouwwerken van:-thermische isolatiemateriaal-isolatiemateriaal tegen geluid en trillingen
- Isolatiewerkzaamheden
- Overige bouwinstallatie,n.e.g.
- Overige installaties(inclusief accessoires),n.e.g.
- Afwerking van gebouwen:stukadoorswerk,schrijnwerk en vloerafwerking en behangen
- Vervaardiging van ander schrijn-en timmerwerk
- Overige werkzaamheden in verband met de afwerking van gebouwen,n.e.g
- Dakwerkzaamheden
- Plaatsen van dakbedekking van ongeacht welk materiaal
- Plaatsen van dakgoten en regenafvoerbuizen
- Waterdicht maken van daken en dakterrassen
- Behandelen van muren met vochtwerende en waterafstotende producten
- Schoorsteenvegen en het schoonmaken van vuurplaatsen,kachels,ovens,ketels van centrale verwarming,ventilatiekanalen en uitlaatsystemen
- Elektrotechnische installatiewerken
- Voor het plaatsen van verlichting,drijfkracht en telefoon
- Voor sanitaire verrichtingen,
- Gasverwarming
- Voor het plaatsen van alarminstallaties
- Brand-en beveiligingsinstallaties
- Grondwerken,voor rioleringswerken
- Het leggen van chapes
- Het plaatsen van gyproc
- Het plaatsen van afsluitingen
- Het voegen-en reinigen van gevels
- Het zandstralen van gebouwen
- Het plaatsen van valse wanden-en plafonds
- Het leggen van kurk-en parketvloeren
- Het leggen van opritten en kasseien
- Het plaatsen van isolatie
- Pleisterwerken aan gebouwen
- Funderingswerken
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KETTELS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Alle aandelen op naam met volgnummer, vruchtgebruiker en blote eigenaar afzonderlijk ingeschreven met vermelding rechten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Erfgenamen en legatarissen niet van rechtswege aandeelhouder vragen toestemming zelfde formaliteiten, elke overdracht onder levenden ten…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en wanneer ook, recht algemene vergadering een of meerdere vereffenaars aan te duiden bevoegdheden te omlijnen…” (deed in Dutch)