KEVLAER
ActiveKEVLAER is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €314k and a net result of €-380k. Equity is shrinking by ~17.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 63% of 1455 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
5 d early
2022
25 d late
2021
91 d late
2020
264 d late
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€314k▼ 54.8%
2024 · €693k
2018: €1.77M
2019: €1.79M
2020: €1.80M
2021: €1.23M
2022: €1.34M
2023: €970k
2024: €693k
2018 → 2025
Net result
€-380k▼ 37.3%
2024 · €-277k
2018: €535k
2019: €369k
2020: €6k
2021: €-566k
2022: €105k
2023: €-367k
2024: €-277k
2018 → 2025
Total assets
€587k▼ 31.1%
2024 · €852k
2018: €2.69M
2019: €2.52M
2020: €2.34M
2021: €1.62M
2022: €1.58M
2023: €1.19M
2024: €852k
2018 → 2025
Solvency
53.5%▼ 27.9pp
2024 · 81.4%
2018: 65.7%
2019: 71.0%
2020: 76.9%
2021: 76.0%
2022: 84.4%
2023: 81.7%
2024: 81.4%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.23M-€1.34M▲ 8.5%€970k▼ 27.4%€693k▼ 28.5%€314k▼ 54.8%
Operating result€-572k-€126k€-363k€-274k▲ 24.6%€-378k▼ 38.0%
Net result€-566k-€105k€-367k€-277k▲ 24.5%€-380k▼ 37.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €378k in 2025 against €274k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587k
Fixed assets
€120k▼ 72.5%
Current assets
€467k▲ 12.6%
Equity and liabilities €587k
Equity
€314k▼ 54.8%
Debt
€273k▲ 71.9%
The debt ratio rises from 18.6% to 46.5%: debt grows while equity shrinks.
Key figures and ratios
Solvency
53.5%▼
2024 · 81.4%
ROE
-121.0%▼
2024 · -39.9%
ROA
-64.7%▼
2024 · -32.5%
Debt
€273k▲
2024 · €159k
Debt ≤ 1 year
€261k▲
2024 · €121k
Debt > 1 year
€13k▼
2024 · €38k
Income taxes
€512▼
2024 · €872
Staff costs
€281k▲
2024 · €249k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€852k€587k▼
Fixed assets21/28€438k€120k▼
Intangible fixed assets21€412k€105k▼
Tangible fixed assets22/27€26k€16k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€23k€13k▼
Current assets29/58€414k€467k▲
Amounts receivable within one year40/41€319k€360k▲
Trade receivables40€274k€279k▲
Other amounts receivable41€45k€80k▲
Cash at bank and in hand54/58€95k€107k▲
Deferred charges and accrued income490/1€363€149▼
Equity and liabilities
Total equity and liabilities10/49€852k€587k▼
Equity10/15€693k€314k▼
Contributions10/11€1.62M€1.62M=
Reserves13€51k€51k=
Non-distributable reserves130/1€51k€51k=
Reserves not available under the articles1311€51k€51k=
Profit (loss) carried forward14€-976k€-1.36M▼
Amounts payable17/49€159k€273k▲
Amounts payable after more than one year17€38k€13k▼
Financial debts170/4€38k€13k▼
Amounts payable within one year42/48€121k€261k▲
Current portion of amounts payable after more than one year42€25k€25k=
Trade debts44€7k€105k▲
Suppliers440/4€7k€105k▲
Taxes, remuneration and social security45€29k€58k▲
Taxes450/3€2k€4k▲
Remuneration and social security454/9€27k€54k▲
Other amounts payable47/48€60k€72k▲
Income statement
Code20242025
Non-recurring operating income76A€0€7k▲
Remuneration, social security and pensions62€249k€281k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€319k€318k▼
Other operating charges640/8€29k€89k▲
Gross operating margin9900€323k€310k▼
Operating profit (loss)9901€-274k€-378k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-276k€-379k▼
Income taxes67/77€872€512▼
Profit (loss) for the period9904€-277k€-380k▼
Profit (loss) for the period to be appropriated9905€-277k€-380k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-976k€-1.36M▼
Profit (loss) brought forward from the previous period14P€-700k€-976k▼
Social balance
Average headcount (FTE)90874.14.1=
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Back to profitnet €105k
Net result €105k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.20
Current ratio from 0.75 to 3.20; short-term debt falls from €201k to €160k.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 91 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 264 days late
2021
30-09
Financial
Weakest financial yearnet €-566k ▼9422%
Net result drops to €-566k, the lowest in the series; recovery starts the following year.
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Merchtem · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lindestraat 1141785 MerchtemGround area
1,040 m²
Building footprint
258 m²
Volume, LiDAR
1,529 m³
Parcel 23028A0204/00C000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEVLAER
since 20142.238.717.636
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23028A0204/00C000 | Flanders | 1,040 m² | 1 · 258 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,399 EUR awarded · 2,306 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 201 EUR | 108 EUR |
| 2024 | 1 | 1,949 EUR | 1,949 EUR |
| 2022 | 1 | 249 EUR | 249 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
984500EBKAFBA0B1E136
Similar companies · same sector, comparable size
DEVEL & cie
BE 0436.271.257
Soignies · Eq €314k
A. VASBINDER
BE 0421.098.873
Chaudfontaine · Eq €314k
Uniservices
BE 0447.665.292
Soignies · Eq €313k
VAHODI
BE 0659.970.875
Lievegem · Eq €314k
Kantoor Spapen Landen
BE 0451.719.397
Landen · Eq €314k
Of 4,666 companies in sector 66220 we hold annual accounts for 3,215. 2,732 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2014
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.