Kheder
ActiveSummary
Kheder has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €139,963 and a net result of €17,463. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 55% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▼-17
Solvency71▼-11
Growth85=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.74 against 3.1 in 2023; short-term debt: 49.7% and cash: 5.2% of total assets), but 54.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-11-2025, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
111 d late
2023
34 d early
2022
32 d late
2021
179 d late
2020
232 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 89 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.6m▲ 16.6%
2023 · €1.3m
EBIT margin
1.8%▼ 2.8pp
2023 · 4.6%
Net result
€17,463▼ 57.7%
2023 · €41,308
Working capital
€112,902▼ 8.4%
2023 · €123,300
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Turnover€857,343€709,582▼ 17.2%€1.3m▲ 89.0%€1.6m▲ 16.6%
Operating result€45,451▼ 16.4%€20,395▼ 55.1%€13,655▼ 33.0%€61,081▲ 347%€28,228▼ 53.8%
Net result€32,883above the sector's middle half▼ 23.2%€17,875within the sector's middle half▼ 45.6%€8,331within the sector's middle half▼ 53.4%€41,308above the sector's middle half▲ 396%€17,463within the sector's middle half▼ 57.7%
EBIT margin2.4%1.9%▼ 0.5pp4.6%▲ 2.6pp1.8%▼ 2.8pp
Equity€59,455within the sector's middle half▲ 124%€72,861within the sector's middle half▲ 22.5%€81,192below the sector's middle half▲ 11.4%€122,500within the sector's middle half▲ 50.9%€139,963within the sector's middle half▲ 14.3%
Total assets€108,771within the sector's middle half▲ 10.5%€202,024within the sector's middle half▲ 85.7%€151,246below the sector's middle half▼ 25.1%€214,003within the sector's middle half▲ 41.5%€306,624within the sector's middle half▲ 43.3%
Debt€49,317▼ 31.4%€129,163▲ 162%€70,054▼ 45.8%€91,503▲ 30.6%€166,661▲ 82.1%
Working capital€54,610within the sector's middle half▲ 155%€60,548within the sector's middle half▲ 10.9%€60,022within the sector's middle half▼ 0.9%€123,300above the sector's middle half▲ 105%€112,902within the sector's middle half▼ 8.4%
Solvency54.7%within the sector's middle half▲ 27.7pp36.1%within the sector's middle half▼ 18.6pp53.7%within the sector's middle half▲ 17.6pp57.2%within the sector's middle half▲ 3.6pp45.6%within the sector's middle half▼ 11.6pp
Current ratio2.31within the sector's middle half▲ 0.951.51within the sector's middle half▼ 0.801.87within the sector's middle half▲ 0.363.10within the sector's middle half▲ 1.231.74within the sector's middle half▼ 1.36
Return on assets (ROA)30.2%above the sector's middle half▼ 13.3pp8.8%within the sector's middle half▼ 21.4pp5.5%within the sector's middle half▼ 3.3pp19.3%above the sector's middle half▲ 13.8pp5.7%within the sector's middle half▼ 13.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Turnover +89% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €306,624
Fixed assets
€41,223 ▲ 28.6%
Current assets
€265,401 ▲ 45.9%
Equity and liabilities €306,624
Equity
€139,963 ▲ 14.3%
Debt
€166,661 ▲ 82.1%
Debt's share of the balance-sheet total rises from 42.8% to 54.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,051▼
2023 · €82,955
Cash flow
€25,285▼
2023 · €63,182
Quick ratio
1.69▼
2023 · 2.99
Debt to equity
1.19▲
2023 · 0.75
ROE
12.5%▼
2023 · 33.7%
Interest coverage
6.07▼
2023 · 12.44
Debt ≤ 1 year
€152,499▲
2023 · €58,640
Debt > 1 year
€14,162▼
2023 · €32,863
Income taxes
€5,821▼
2023 · €13,769
Staff costs
€10,424▲
2023 · €36
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,338 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% | 1.9% |
| 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €857,343 | €709,582 | €1.3m | €1.6m | ▲ 16.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €773,042 | €658,817 | €1.2m | €1.5m | ▲ 20.9% |
| Remuneration, social security and pensions62 | - | €12,242 | - | €36 | €10,424 | ▲ 29,017% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,559 | €16,533 | €10,644 | €21,874 | €7,822 | ▼ 64.2% |
| Other operating charges640/8 | - | €35,131 | €26,466 | €8,584 | €6,666 | ▼ 22.3% |
| Gross operating margin9900 | €58,402 | €84,301 | €50,765 | €91,574 | €53,141 | ▼ 42.0% |
| Operating profit (loss)9901 | €45,451 | €20,395 | €13,655 | €61,081 | €28,228 | ▼ 53.8% |
| Financial income75/76B | - | €116 | €160 | €667 | €991 | ▲ 48.7% |
| Recurring financial income75 | €68 | €116 | €160 | €667 | €991 | ▲ 48.7% |
| Financial charges65/66B | - | €2,636 | €2,707 | €6,670 | €5,936 | ▼ 11.0% |
| Recurring financial charges65 | €2,996 | €2,636 | €2,707 | €6,670 | €5,936 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €42,523 | €17,875 | €11,108 | €55,077 | €23,284 | ▼ 57.7% |
| Income taxes67/77 | €9,640 | - | €2,777 | €13,769 | €5,821 | ▼ 57.7% |
| Profit (loss) for the period9904 | €32,883 | €17,875 | €8,331 | €41,308 | €17,463 | ▼ 57.7% |
| Profit (loss) for the period to be appropriated9905 | €32,883 | €17,875 | €8,331 | €41,308 | €17,463 | ▼ 57.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,771 | €202,024 | €151,246 | €214,003 | €306,624 | ▲ 43.3% |
| Fixed assets21/28 | €12,492 | €22,848 | €22,125 | €32,063 | €41,223 | ▲ 28.6% |
| Tangible fixed assets22/27 | €12,492 | €22,848 | €22,125 | €32,063 | €41,223 | ▲ 28.6% |
| Plant, machinery and equipment23 | - | €10,293 | €5,970 | €3,052 | €18,320 | ▲ 500% |
| Furniture and vehicles24 | - | €1,829 | €5,199 | - | - | - |
| Leasing and similar rights25 | - | €10,726 | €10,955 | €29,011 | €22,904 | ▼ 21.1% |
| Current assets29/58 | €96,280 | €179,177 | €129,121 | €181,939 | €265,401 | ▲ 45.9% |
| Stocks and contracts in progress3 | €12,350 | €12,350 | €3,900 | €6,400 | €7,900 | ▲ 23.4% |
| Stocks30/36 | - | €12,350 | €3,900 | €6,400 | €7,900 | ▲ 23.4% |
| Amounts receivable within one year40/41 | €44,951 | €146,800 | €94,071 | €121,945 | €241,487 | ▲ 98.0% |
| Trade receivables40 | - | €116,892 | €90,157 | €120,629 | €241,487 | ▲ 100% |
| Other amounts receivable41 | - | €29,907 | €3,914 | €1,316 | - | - |
| Cash at bank and in hand54/58 | €38,297 | €19,345 | €31,150 | €53,594 | €16,013 | ▼ 70.1% |
| Deferred charges and accrued income490/1 | - | €682 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,771 | €202,024 | €151,246 | €214,003 | €306,624 | ▲ 43.3% |
| Equity10/15 | €59,455 | €72,861 | €81,192 | €122,500 | €139,963 | ▲ 14.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €5,195 | €5,865 | €5,865 | €5,865 | €5,865 | = |
| Non-distributable reserves130/1 | - | €5,865 | €5,865 | €5,865 | €5,865 | = |
| Reserves not available under the articles1311 | - | €5,865 | €5,865 | €5,865 | €5,865 | = |
| Profit (loss) carried forward14 | €48,059 | €60,796 | €69,127 | €110,435 | €127,898 | ▲ 15.8% |
| Amounts payable17/49 | €49,317 | €129,163 | €70,054 | €91,503 | €166,661 | ▲ 82.1% |
| Amounts payable after more than one year17 | €7,647 | €10,534 | €954 | €32,863 | €14,162 | ▼ 56.9% |
| Financial debts170/4 | - | €10,534 | €954 | €32,863 | €14,162 | ▼ 56.9% |
| Amounts payable within one year42/48 | €41,670 | €118,629 | €69,099 | €58,640 | €152,499 | ▲ 160% |
| Trade debts44 | €1,727 | €49,860 | €50,419 | €26,547 | €76,020 | ▲ 186% |
| Suppliers440/4 | - | €49,860 | €50,419 | €26,547 | €76,020 | ▲ 186% |
| Advances received on contracts in progress46 | - | - | - | - | €40,000 | - |
| Taxes, remuneration and social security45 | - | €38,763 | €18,206 | €16,044 | €35,847 | ▲ 123% |
| Taxes450/3 | - | €18,480 | €16,987 | €14,825 | €29,326 | ▲ 97.8% |
| Remuneration and social security454/9 | - | €20,283 | €1,219 | €1,219 | €6,521 | ▲ 435% |
| Other amounts payable47/48 | - | €30,006 | €474 | €16,049 | €632 | ▼ 96.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,883 | €17,875 | €8,331 | €41,308 | €17,463 | ▼ 57.7% |
| + Depreciation and write-downs630 | €11,559 | €16,533 | €10,644 | €21,874 | €7,822 | ▼ 64.2% |
| Operating cash flow (approximation) | €44,442 | €34,408 | €18,975 | €63,182 | €25,285 | ▼ 60.0% |
| Investment in fixed assets (approximation) | - | -€26,889 | -€9,920 | -€31,813 | -€16,982 | ▲ 46.6% |
| Change in cash | - | -€18,952 | €11,806 | €22,443 | -€37,580 | ▼ 267% |
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
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €122,500 ▲50.9%
6 profitable years in a row build equity to €122,500.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 179 days late
2022
20-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 232 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Highest result since 2018net €42,814 ▲6,242%
Net result €42,814, the highest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 2 establishment units since 2016
Ground area
2,148 m²
Building footprint
1,237 m²
Volume, LiDAR
7,320 m³
2 parcels, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
KHEDER
since 20162.251.859.255
Kheder
since 20242.365.590.864
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E0345/00V000 | Flanders | 1,962 m² | 1 · 1,004 m² | 6.2 m · 2 fl. |
| 44815F2591/00D000 | Flanders | 186 m² | 1 · 232 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sitesEvergem2.365.590.864
Gent2.251.859.255
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ILANGA NATURE
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Of 1,424 companies in sector 46389 we hold annual accounts for 856. 582 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
Founded25-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47210Retail sale of fruit and vegetables
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0649409555
Also
9925:BE0649409555
Registered
12-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.