KNAPEN
ActiveThe file of KNAPEN contains 1 historical bankruptcy publication, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.2% (very low). The 2025 annual accounts show equity of €107k and a net result of €34k. Equity is shrinking by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 12637 sector peers (fiscal year 2025).
Checked score
Score 2025
76
/ 100
Excellent▲ +69 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency73▲+45
Growth58▲+26
Stability85
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 2.63 against 0.79 in 2024), but 77.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
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
22.4%
Return on assets
7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 12637 sector peers (2025).
NBB · sector comparisonPosition among 12637 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
91 d late
2023
456 d late
2022
773 d late
2021
1138 d late
2020
135 d late
2019
500 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€63k
EBIT margin
-92.6%
Net result
€34k
2024 · €-36k
2018: €16k
2019: €33k
2020: €3k
2021: €-135k
2022: €-147k
2023: €-33k
2024: €-36k
2018 → 2025
Working capital
€207k
2024 · €-44k
2018: €-37k
2019: €242k
2020: €256k
2021: €140k
2022: €6k
2023: €-17k
2024: €-44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€63k-
Equity€290k-€143k▼ 50.7%€110k▼ 23.4%€73k▼ 33.0%€107k▲ 45.8%
Operating result€-58k-€-44k▲ 24.8%€-31k▲ 30.1%€-36k▼ 15.7%€-44k▼ 25.1%
Net result€-135k-€-147k▼ 9.1%€-33k▲ 77.3%€-36k▼ 8.3%€34k
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 €44k in 2025 against €36k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €478k
Fixed assets
€144k▼ 6.4%
Current assets
€334k▲ 97.9%
Equity and liabilities €478k
Equity
€107k▲ 45.8%
Provisions
€215k
Debt
€156k▼ 37.3%
The debt ratio falls from 77.2% to 32.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€-26k▼
2024 · €-17k
Cash flow
€52k▲
2024 · €-17k
Solvency
22.4%▼
2024 · 22.8%
Current ratio
2.63▲
2024 · 0.79
Quick ratio
2.63▲
2024 · 0.79
Debt / equity
1.46▼
2024 · 3.39
ROE
31.4%▲
2024 · -49.3%
ROA
7.0%▲
2024 · -11.2%
Interest coverage
-11.90▲
2024 · -22.17
Debt
€156k▼
2024 · €249k
Debt ≤ 1 year
€127k▼
2024 · €213k
Debt > 1 year
€29k▼
2024 · €37k
Income taxes
€-80k
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€323k€478k▲
Fixed assets21/28€154k€144k▼
Tangible fixed assets22/27€153k€143k▼
Land and buildings22€152k€142k▼
Plant, machinery and equipment23€1k€885▼
Furniture and vehicles24€177€118▼
Financial fixed assets28€800€800=
Current assets29/58€169k€334k▲
Amounts receivable within one year40/41€163k€290k▲
Trade receivables40€161k€4k▼
Other amounts receivable41€2k€286k▲
Cash at bank and in hand54/58€6k€44k▲
Equity and liabilities
Total equity and liabilities10/49€323k€478k▲
Equity10/15€73k€107k▲
Contributions10/11€218k€218k=
Reserves13€77k€77k=
Non-distributable reserves130/1€22k€2k▼
Reserves not available under the articles1311€22k€2k▼
Tax-exempt reserves132€14k€14k=
Distributable reserves133€40k€61k▲
Profit (loss) carried forward14€-221k€-187k▲
Provisions and deferred taxes16-€215k
Provisions for liabilities and charges160/5-€215k
Taxes161-€215k
Amounts payable17/49€249k€156k▼
Amounts payable after more than one year17€37k€29k▼
Financial debts170/4€37k€29k▼
Amounts payable within one year42/48€213k€127k▼
Current portion of amounts payable after more than one year42€9k€8k▼
Trade debts44€15k€1k▼
Suppliers440/4€15k€1k▼
Other amounts payable47/48€188k€117k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€15k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k=
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€40k
Gross operating margin9900€-15k€17k▲
Operating profit (loss)9901€-36k€-44k▼
Financial charges65/66B€750€2k▲
Recurring financial charges65€750€2k▲
Profit (loss) for the period before taxes9903€-36k€-47k▼
Income taxes67/77-€-80k
Profit (loss) for the period9904€-36k€34k▲
Profit (loss) for the period to be appropriated9905€-36k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-221k€-187k▲
Profit (loss) brought forward from the previous period14P€-185k€-221k▼
The notes to these accounts (7 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €34k
Net result €34k after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.63
Current ratio from 0.79 to 2.63; short-term debt falls from €213k to €127k.
31-12
Financial
Equity above €100kEq €107k ▲45.8%
Equity rises from €73k to €107k.
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 456 days late
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 773 days late
11-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1138 days late
2022
31-12
Financial
Weakest financial yearnet €-147k
Net result drops to €-147k, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Liquidity doublescurrent ratio 12.09
Current ratio from 5.27 to 12.09; short-term debt falls from €60k to €13k.
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 135 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 500 days late
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 820 days late
28-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1185 days late
18-05
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel · van: KNAPEN BV- PEGASUSLAAN 5, 1831 DIEGEM
2019
31-12
Financial
Liquidity times 5current ratio 3.77
Current ratio from 0.75 to 3.77; short-term debt falls from €147k to €87k.
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 73 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Evere
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.
Kolonel Bourgstraat 123-1251140 EvereGround area
2,809 m²
Building footprint
1,531 m²
Volume, LiDAR
18,138 m³
Parcel 21372C0122/00D000, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0122/00D000 | Brussels | 2,809 m² | 1 · 1,531 m² | 21.1 m · 5 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.
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Of 2,750 companies in sector 69109 we hold annual accounts for 1,204. 941 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-12-2003
Fiscal year end31-12
Activities, NACEBEL
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.