KEULEERS
ActiveSummary
The computed 12-month bankruptcy probability of KEULEERS is 3.2% (moderate). The 2025 annual accounts show negative equity (-€40,640) and a net result of -€23,070. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 493 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.8 in 2024; short-term debt: 192.5% of total assets), and equity is negative.
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Signals
Five 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 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← 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
-92.5%
Return on assets
-52.5%
Age of the figures
18 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192022232425
2019 to 2025 · latest year -€40,640
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-11-2025, 25 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
25 d late
2024
on the day
2023
2 d late
2022
32 d early
2020
9 d late
2019
on the day
2018
50 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 8 days after the deadline; the sector median for financial year 2024 is 13 days after the deadline, and 56% 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. Usually files around 2 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€40,640▼ 131%
2024 · -€17,569
Total assets
€43,938▼ 44.9%
2024 · €79,676
Net result
-€23,070▲ 29.3%
2024 · -€32,617
Working capital
-€42,269▼ 117%
2024 · -€19,486
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result€11,508▲ 297%€20,126-€7,665▼ 61.9%-€30,197-€19,826▲ 34.3%
Net result€9,128within the sector's middle half€7,989within the sector's middle half-€14,993within the sector's middle half▲ 87.7%-€32,617below the sector's middle half-€23,070below the sector's middle half▲ 29.3%
Equity-€32,699below the sector's middle half▲ 21.8%-€2,945below the sector's middle half-€15,048within the sector's middle half-€17,569below the sector's middle half-€40,640below the sector's middle half▼ 131%
Total assets€107,775within the sector's middle half▲ 31.8%€73,712within the sector's middle half-€108,891within the sector's middle half▲ 47.7%€79,676within the sector's middle half▼ 26.8%€43,938below the sector's middle half▼ 44.9%
Debt€140,475▲ 13.6%€76,657-€93,843▲ 22.4%€97,246▲ 3.6%€84,578▼ 13.0%
Working capital-€34,694below the sector's middle half▲ 21.5%-€5,978within the sector's middle half-€12,573within the sector's middle half-€19,486below the sector's middle half-€42,269below the sector's middle half▼ 117%
Solvency-30.3%below the sector's middle half▲ 20.8pp-4.0%below the sector's middle half-13.8%within the sector's middle half▲ 17.8pp-22.1%below the sector's middle half▼ 35.9pp-92.5%below the sector's middle half▼ 70.4pp
Current ratio0.75below the sector's middle half▲ 0.110.92within the sector's middle half-1.13within the sector's middle half▲ 0.210.80below the sector's middle half▼ 0.330.50below the sector's middle half▼ 0.30
Return on assets (ROA)8.5%within the sector's middle half▲ 8.8pp10.8%within the sector's middle half-13.8%within the sector's middle half▲ 2.9pp-40.9%below the sector's middle half▼ 54.7pp-52.5%below the sector's middle half▼ 11.6pp
Staff (FTE)1.7within the sector's middle half▲ 70.0%1.3-1▼ 23.1%1.2▲ 20.0%0.7▼ 41.7%
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier 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 stays negative: a loss of €19,826 in 2025 against €30,197 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,938
Fixed assets
€1,629 ▼ 15.0%
Current assets
€42,309 ▼ 45.6%
Equity and liabilities
Equity-€40,640
Debt€84,578
Equity is negative: debt (€84,578) exceeds the balance-sheet total (€43,938).
Key figures and ratios
EBITDA
-€19,538▲
2024 · -€29,639
Cash flow
-€22,783▲
2024 · -€32,059
Interest coverage
-6.02▲
2024 · -11.55
Debt ≤ 1 year
€84,578▼
2024 · €97,246
Staff costs
€30,027▼
2024 · €67,236
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,340 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% 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 6,621 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 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,684 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €34,621 | €59,669 | €67,236 | €30,027 | ▼ 55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €366 | €271 | €558 | €558 | €287 | ▼ 48.5% |
| Other operating charges640/8 | - | €2,112 | €2,685 | €4,064 | €1,968 | ▼ 51.6% |
| Gross operating margin9900 | €54,558 | €57,130 | €70,576 | €41,661 | €12,457 | ▼ 70.1% |
| Operating profit (loss)9901 | €11,508 | €20,126 | €7,665 | -€30,197 | -€19,826 | ▲ 34.3% |
| Financial income75/76B | - | €9 | €12,200 | €0 | €1 | ▲ 1,040% |
| Recurring financial income75 | €1 | €9 | €12,200 | €0 | €1 | ▲ 1,040% |
| Non-recurring financial income76B | - | - | €12,200 | - | - | - |
| Financial charges65/66B | - | €12,146 | €4,272 | €2,567 | €3,245 | ▲ 26.4% |
| Recurring financial charges65 | €2,381 | €2,034 | €1,583 | €2,567 | €3,245 | ▲ 26.4% |
| Non-recurring financial charges66B | - | €10,113 | €2,689 | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,128 | €7,989 | €15,593 | -€32,764 | -€23,070 | ▲ 29.6% |
| Income taxes67/77 | - | - | €600 | -€147 | - | - |
| Profit (loss) for the period9904 | €9,128 | €7,989 | €14,993 | -€32,617 | -€23,070 | ▲ 29.3% |
| Profit (loss) for the period to be appropriated9905 | €9,128 | €7,989 | €14,993 | -€32,617 | -€23,070 | ▲ 29.3% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,775 | €73,712 | €108,891 | €79,676 | €43,938 | ▼ 44.9% |
| Fixed assets21/28 | €1,995 | €3,032 | €2,474 | €1,916 | €1,629 | ▼ 15.0% |
| Tangible fixed assets22/27 | €366 | €1,403 | €845 | €287 | - | - |
| Plant, machinery and equipment23 | - | €1,403 | €845 | €287 | - | - |
| Financial fixed assets28 | €1,629 | €1,629 | €1,629 | €1,629 | €1,629 | = |
| Current assets29/58 | €105,780 | €70,679 | €106,416 | €77,760 | €42,309 | ▼ 45.6% |
| Amounts receivable within one year40/41 | €104,999 | €66,772 | €104,188 | €75,335 | €39,734 | ▼ 47.3% |
| Trade receivables40 | - | €57,054 | €84,670 | €72,109 | €26,433 | ▼ 63.3% |
| Other amounts receivable41 | - | €9,717 | €19,519 | €3,226 | €13,301 | ▲ 312% |
| Deferred charges and accrued income490/1 | - | €3,908 | €2,228 | €2,425 | €2,575 | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,775 | €73,712 | €108,891 | €79,676 | €43,938 | ▼ 44.9% |
| Equity10/15 | -€32,699 | -€2,945 | €15,048 | -€17,569 | -€40,640 | ▼ 131% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,612 | €18,612 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €12 | €12 | €12 | - | - | - |
| Non-distributable reserves130/1 | - | €12 | €12 | - | - | - |
| Legal reserve130 | - | €12 | €12 | - | - | - |
| Profit (loss) carried forward14 | -€51,311 | -€21,557 | -€6,564 | -€39,181 | -€62,252 | ▼ 58.9% |
| Investment grants15 | - | - | €3,000 | €3,000 | €3,000 | = |
| Amounts payable17/49 | €140,475 | €76,657 | €93,843 | €97,246 | €84,578 | ▼ 13.0% |
| Amounts payable within one year42/48 | €140,475 | €76,657 | €93,843 | €97,246 | €84,578 | ▼ 13.0% |
| Financial debts43 | - | €12,525 | €12,525 | €12,098 | €12,904 | ▲ 6.7% |
| Credit institutions430/8 | - | €12,525 | €12,525 | €12,098 | €12,904 | ▲ 6.7% |
| Trade debts44 | €79,043 | €38,939 | €68,612 | €54,910 | €45,767 | ▼ 16.7% |
| Suppliers440/4 | - | €38,939 | €68,612 | €54,910 | €45,767 | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | €3,777 | €5,000 | €3,792 | €1,674 | ▼ 55.8% |
| Taxes450/3 | - | €327 | €927 | €1,080 | €1,080 | = |
| Remuneration and social security454/9 | - | €3,449 | €4,072 | €2,711 | €594 | ▼ 78.1% |
| Other amounts payable47/48 | - | €21,416 | €7,706 | €26,446 | €24,233 | ▼ 8.4% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,128 | €7,989 | €14,993 | -€32,617 | -€23,070 | ▲ 29.3% |
| + Depreciation and write-downs630 | €366 | €271 | €558 | €558 | €287 | ▼ 48.5% |
| Operating cash flow (approximation) | €9,494 | €8,260 | €15,551 | -€32,059 | -€22,783 | ▲ 28.9% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
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
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet -€32,617
Net result drops to -€32,617, the lowest in the series; recovery starts the following year.
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
31-03
Financial
Highest result since 2019net €14,993 ▲87.7%
Net result €14,993, the highest in the series.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
31-03
Financial
Back to profitnet €9,128
Net result €9,128 after one loss-making year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 35 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2001
Ground area
274 m²
Building footprint
111 m²
Volume, LiDAR
672 m³
Parcel 12016A0198/00D002, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRANSPORT KEULEERS
since 20012.131.993.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12016A0198/00D002 | Flanders | 274 m² | 1 · 111 m² | 10.6 m · 2 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.
Subsidies and aid
Flemish government
2023 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,916 companies in this sector we hold annual accounts for 1,326. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-03-2001
Fiscal year end31-03
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474457781
Also
9925:BE0474457781
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.