KEUBA
ActiveSummary
KEUBA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€18,082) and a net result of -€24,298. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-21
Solvency2▼-27
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.47 in 2024; short-term debt: 48.8% and cash: 6.7% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-22.9%
Return on assets
-30.8%
Age of the figures
18 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€18,082
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-11-2025, 29 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
29 d late
2024
2 d early
2023
13 d late
2022
18 d late
2021
29 d late
2020
30 d late
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 21 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€18,082
2024 · €6,216
Total assets
€78,901▼ 44.8%
2024 · €143,018
Net result
-€24,298
2024 · €2,235
Working capital
-€25,762▲ 35.8%
2024 · -€40,140
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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€47,134▲ 105%€23,119▼ 51.0%€63,277▲ 174%€5,214▼ 91.8%-€23,276
Net result€26,855within the sector's middle half▲ 424%€13,191within the sector's middle half▼ 50.9%€46,164above the sector's middle half▲ 250%€2,235within the sector's middle half▼ 95.2%-€24,298below the sector's middle half
Equity-€55,374below the sector's middle half▲ 32.7%-€42,183below the sector's middle half▲ 23.8%€3,981below the sector's middle half€6,216below the sector's middle half▲ 56.1%-€18,082below the sector's middle half
Total assets€167,081within the sector's middle half▼ 2.5%€131,851within the sector's middle half▼ 21.1%€134,392within the sector's middle half▲ 1.9%€143,018within the sector's middle half▲ 6.4%€78,901within the sector's middle half▼ 44.8%
Debt€222,455▼ 12.3%€174,034▼ 21.8%€130,411▼ 25.1%€136,801▲ 4.9%€96,983▼ 29.1%
Working capital€27,695-€14,346-€6,004▲ 58.1%-€40,140▼ 569%-€25,762▲ 35.8%
Solvency-33.1%below the sector's middle half▲ 14.9pp-32.0%below the sector's middle half▲ 1.1pp3.0%below the sector's middle half▲ 35.0pp4.3%below the sector's middle half▲ 1.4pp-22.9%below the sector's middle half▼ 27.3pp
Staff (FTE)11=
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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 turns negative in 2025: a loss of €23,276 after €5,214 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78,901
Fixed assets
€66,180 ▼ 38.4%
Current assets
€12,721 ▼ 64.3%
Key figures and ratios
EBITDA
€17,900▼
2024 · €45,035
Cash flow
€16,878▼
2024 · €42,056
Current ratio
0.33▼
2024 · 0.47
Quick ratio
0.32▼
2024 · 0.47
Debt to equity
-5.36▼
2024 · 22.01
ROA
-30.8%▼
2024 · 1.6%
Interest coverage
32.67▲
2024 · 27.83
Debt ≤ 1 year
€38,483▼
2024 · €75,801
Debt > 1 year
€58,500▼
2024 · €61,000
Income taxes
€497▼
2024 · €1,361
Staff costs
€56,119▲
2024 · €50,484
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,058 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% | 1.6% |
| 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 74% 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 6,943 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 | - | - | €2,913 | €6,500 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €40,449 | €45,219 | €50,484 | €56,119 | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,965 | €25,608 | €24,038 | €39,821 | €41,176 | ▲ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | €2,622 | €408 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €2,007 | €1,804 | €1,996 | €1,346 | ▼ 32.5% |
| Non-recurring operating charges66A | - | €675 | €0 | - | - | - |
| Gross operating margin9900 | €143,918 | €91,858 | €136,959 | €97,923 | €75,366 | ▼ 23.0% |
| Operating profit (loss)9901 | €47,134 | €23,119 | €63,277 | €5,214 | -€23,276 | ▼ 546% |
| Financial income75/76B | - | €130 | €2 | €0 | €22 | - |
| Recurring financial income75 | €10 | €130 | €2 | €0 | €22 | - |
| Financial charges65/66B | - | €625 | €855 | €1,618 | €548 | ▼ 66.1% |
| Recurring financial charges65 | €861 | €625 | €855 | €1,618 | €548 | ▼ 66.1% |
| Profit (loss) for the period before taxes9903 | €46,283 | €22,623 | €62,425 | €3,596 | -€23,801 | ▼ 762% |
| Income taxes67/77 | €19,427 | €9,433 | €16,260 | €1,361 | €497 | ▼ 63.5% |
| Profit (loss) for the period9904 | €26,855 | €13,191 | €46,164 | €2,235 | -€24,298 | ▼ 1,187% |
| Profit (loss) for the period to be appropriated9905 | €26,855 | €13,191 | €46,164 | €2,235 | -€24,298 | ▼ 1,187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167,081 | €131,851 | €134,392 | €143,018 | €78,901 | ▼ 44.8% |
| Fixed assets21/28 | €70,086 | €99,015 | €114,315 | €107,356 | €66,180 | ▼ 38.4% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €69,074 | €98,003 | €113,302 | €106,344 | €65,167 | ▼ 38.7% |
| Land and buildings22 | - | €953 | €0 | €3,598 | €2,878 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €97,049 | €113,302 | €102,746 | €62,289 | ▼ 39.4% |
| Financial fixed assets28 | €1,012 | €1,012 | €1,012 | €1,012 | €1,012 | = |
| Current assets29/58 | €96,995 | €32,836 | €20,078 | €35,662 | €12,721 | ▼ 64.3% |
| Stocks and contracts in progress3 | - | - | €291 | €291 | €291 | = |
| Stocks30/36 | - | - | €291 | €291 | €291 | = |
| Amounts receivable within one year40/41 | €3,879 | €18,144 | €6,791 | €24,376 | €3,928 | ▼ 83.9% |
| Trade receivables40 | - | €2,154 | €2,449 | €16,766 | €1,756 | ▼ 89.5% |
| Other amounts receivable41 | - | €15,990 | €4,342 | €7,611 | €2,172 | ▼ 71.5% |
| Current investments50/53 | €59,999 | €999 | €9 | €9 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €14,722 | €9,977 | €9,364 | €7,544 | €5,271 | ▼ 30.1% |
| Deferred charges and accrued income490/1 | - | €3,716 | €3,622 | €3,441 | €3,231 | ▼ 6.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167,081 | €131,851 | €134,392 | €143,018 | €78,901 | ▼ 44.8% |
| Equity10/15 | -€55,374 | -€42,183 | €3,981 | €6,216 | -€18,082 | ▼ 391% |
| Contributions10/11 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €7,398 | €7,398 | €7,398 | €7,398 | €7,398 | = |
| Tax-exempt reserves132 | - | €7,398 | €7,398 | €7,398 | €7,398 | = |
| Profit (loss) carried forward14 | -€102,772 | -€89,581 | -€43,417 | -€41,182 | -€65,480 | ▼ 59.0% |
| Amounts payable17/49 | €222,455 | €174,034 | €130,411 | €136,801 | €96,983 | ▼ 29.1% |
| Amounts payable after more than one year17 | €150,000 | €123,952 | €104,329 | €61,000 | €58,500 | ▼ 4.1% |
| Financial debts170/4 | - | €123,952 | €104,329 | €61,000 | €58,500 | ▼ 4.1% |
| Amounts payable within one year42/48 | €69,300 | €47,182 | €26,082 | €75,801 | €38,483 | ▼ 49.2% |
| Current portion of amounts payable after more than one year42 | - | €14,894 | €15,075 | €24,747 | €0 | ▼ 100% |
| Financial debts43 | - | €564 | €492 | €628 | €230 | ▼ 63.3% |
| Credit institutions430/8 | - | €564 | €492 | €628 | €230 | ▼ 63.3% |
| Trade debts44 | €7,480 | €4,577 | €6,318 | €10,313 | €7,169 | ▼ 30.5% |
| Suppliers440/4 | - | €4,577 | €6,318 | €10,313 | €7,169 | ▼ 30.5% |
| Taxes, remuneration and social security45 | - | €14,590 | €3,922 | €18,339 | €12,480 | ▼ 31.9% |
| Taxes450/3 | - | €10,176 | €1,208 | €865 | €1,166 | ▲ 34.7% |
| Remuneration and social security454/9 | - | €4,415 | €2,715 | €17,473 | €11,315 | ▼ 35.2% |
| Other amounts payable47/48 | - | €12,556 | €275 | €21,775 | €18,603 | ▼ 14.6% |
| Accrued charges and deferred income492/3 | - | €2,900 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,855 | €13,191 | €46,164 | €2,235 | -€24,298 | ▼ 1,187% |
| + Depreciation and write-downs630 | €47,965 | €25,608 | €24,038 | €39,821 | €41,176 | ▲ 3.4% |
| Operating cash flow (approximation) | €74,821 | €38,798 | €70,202 | €42,056 | €16,878 | ▼ 59.9% |
| Investment in fixed assets (approximation) | - | -€54,537 | -€39,337 | -€32,862 | €0 | ▲ 100% |
| Change in cash | - | -€4,745 | -€613 | -€1,820 | -€2,273 | ▼ 24.9% |
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
2025
29-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
31-03
Financial
Weakest financial yearnet -€24,298
Net result drops to -€24,298, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
31-03
Financial
Highest result since 2019net €46,164 ▲250%
Operating result €63,277, net result €46,164, both a record.
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
31-03
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.65 to 1.40; short-term debt falls from €94,688 to €69,300.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 113 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Knokke-Heist · 1 establishment unit since 2007
Ground area
362 m²
Building footprint
362 m²
Volume, LiDAR
7,456 m³
Parcel 31334B0143/00A000, Flanders · tallest building 24.5 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Keuba/Mb Kitchen
since 20072.162.545.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0143/00A000 | Flanders | 362 m² | 1 · 361 m² | 24.5 m · 7 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.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 3,565 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
Founded16-04-2007
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
46494Wholesale of non-electrical household articles
46831Wholesale of construction materials, general range
47551Retail sale of household furniture
47789Other retail sale of new goods
70100Activities of head offices
Contact
Phone
09/2215745Knokke-Heist
E-invoicing
Reachable via Peppol
Peppol ID
0208:0888783185
Also
9925:BE0888783185
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.