KHALSA
ActiveKHALSA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €5k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 18207 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+2
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 14.45 against 13.57 in 2024; short-term debt: 6% and cash: 5.7% of total assets), and 6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94%
Return on assets
2.2%
Age of the figures
9 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
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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
29 d early
2023
84 d early
2022
48 d early
2021
255 d late
2020
620 d late
2019
985 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▲ 8,104%
2024 · €62
2018: €347
2019: €-7k
2020: €31k
2021: €26k
2022: €22k
2023: €14k
2024: €62
2018 → 2025
Working capital
€189k▲ 6.8%
2024 · €177k
2018: €122k
2019: €102k
2020: €120k
2021: €136k
2022: €152k
2023: €169k
2024: €177k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€180k-€202k▲ 12.2%€216k▲ 7.2%€216k=€221k▲ 2.4%
Operating result€24k-€38k▲ 60.0%€19k▼ 49.9%€1k▼ 92.9%€8k▲ 515%
Net result€26k-€22k▼ 14.2%€14k▼ 34.4%€62▼ 99.6%€5k▲ 8,104%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 515% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€33k▼ 17.4%
Current assets
€203k▲ 6.3%
Equity and liabilities €235k
Equity
€221k▲ 2.4%
Debt
€14k▼ 0.2%
The debt ratio falls from 6.1% to 6.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €10k
Cash flow
€12k▲
2024 · €8k
Solvency
94.0%▲
2024 · 93.9%
Current ratio
14.45▲
2024 · 13.57
Quick ratio
5.11▼
2024 · 6.21
Debt / equity
0.06▼
2024 · 0.06
ROE
2.3%▲
2024 · 0.0%
ROA
2.2%▲
2024 · 0.0%
Interest coverage
10.51▲
2024 · 7.59
Debt
€14k▼
2024 · €14k
Debt ≤ 1 year
€14k▼
2024 · €14k
Income taxes
€2k▲
2024 · €45
Staff costs
€21k▲
2024 · €17k
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€230k€235k▲
Fixed assets21/28€40k€33k▼
Tangible fixed assets22/27€38k€31k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€36k€30k▼
Financial fixed assets28€1k€1k=
Current assets29/58€191k€203k▲
Amounts receivable after more than one year29€70k€45k▼
Other amounts receivable291€70k€45k▼
Stocks and contracts in progress3€103k€131k▲
Stocks30/36€103k€131k▲
Amounts receivable within one year40/41€10k€11k▲
Trade receivables40€79€1k▲
Other amounts receivable41€10k€10k▼
Cash at bank and in hand54/58€6k€13k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€230k€235k▲
Equity10/15€216k€221k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€196k€201k▲
Amounts payable17/49€14k€14k▼
Amounts payable within one year42/48€14k€14k▼
Current portion of amounts payable after more than one year42-€3k
Trade debts44€10k€7k▼
Suppliers440/4€10k€7k▼
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€614€4k▲
Remuneration and social security454/9€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€17k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€2k€964▼
Gross operating margin9900€28k€37k▲
Operating profit (loss)9901€1k€8k▲
Financial income75/76B€14€24▲
Recurring financial income75€14€24▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€107€7k▲
Income taxes67/77€45€2k▲
Profit (loss) for the period9904€62€5k▲
Profit (loss) for the period to be appropriated9905€62€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€196k€201k▲
Profit (loss) brought forward from the previous period14P€196k€196k=
The notes to these accounts (4 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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 13.57
Current ratio from 6.70 to 13.57; short-term debt falls from €30k to €14k.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 255 days late
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 620 days late
12-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 985 days late
2022
31-12
Financial
Equity above €200kEq €202k ▲12.2%
3 profitable years in a row build equity to €202k.
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
31-12
Financial
Equity above €150kEq €154k ▲25%
Equity rises from €123k to €154k.
2019
31-12
Financial
Weakest financial yearnet €-7k ▼2005%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
02-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 227 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Vorst · 1 establishment unit since 2012
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.
Neerstalse Steenweg 211190 VorstGround area
218 m²
Building footprint
89 m²
Volume, LiDAR
534 m³
Parcel 21384D0306/00A000, Brussels · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Neerstalse Steenweg 21, 1190 Vorst
since 20122.209.035.537
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0306/00A000 | Brussels | 218 m² | 1 · 88 m² | 9.5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.209.035.537
Legal Entity Identifier
894500646FK2WNEH6A02
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Of 418 companies in sector 47260 we hold annual accounts for 264. 208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2012
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47260Retail trade
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0487/366662