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KRANEN DESUTTER

Active
Public limited companyfounded 1985active for 41 yearsBlokkestraat 12, 8530 Harelbeke, BelgiumKBO/BCE: BE 0427.218.682
Summary

KRANEN DESUTTER has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.7m and a net result of €1.7m. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 37% of 1,120 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Rental and leasing activities
NACE 77320Other specialised construction activities NACE 43990
2nd largest company by total assets in Harelbeke, Administrative and support services sector2 sites
Size
€19.8mtotal assets 2025
Staff
44.1 FTE
Equity
€4.7m
Profit
€1.7m
Turnover not published (abbreviated format)
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
MARDES · 99.67%
Accounts 10 days early0 of 10 deeds read
Why 87raises riskLiquidity: current ratio 1.15, cash €1.2mEquity €4.7m (23.8% of total assets)Size: 44.1 FTE, total assets €19.8mlowers riskFounded in 1985Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 60% of its sector peers (NACE 77, small)
Financial strength · tick = 2024
Average
Solvency 49+2
equity 23.8% of total assets
Liquidity 45-4
short-term debt 29.9% · cash 6.2%
Profitability 79+2
return on assets 8.4%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (466 companies, NACE 77, small)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.2%▲ +0.1 percentage points vs 01-2025 03-2025: 0.1%▼ -0.1 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%▲ +0.1 percentage points vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit of up to €400,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.15, compared with 1.01 in 2024, below the usual 1.5; short-term debt: 29.9% and cash: 6.2% of total assets), and 76.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, small): better than 36% on solvency, 49% on liquidity, 76% on profitability and 78% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.15, cash €1.2m
NBB · annual accounts
raises risk · Equity €4.7m (23.8% of total assets)
NBB · annual accounts
lowers risk · Founded in 1985
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: 44.1 FTE, total assets €19.8m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
10 days early
2024
3 days late
2023
5 days late
2022
7 days late
2021
2 days late
2020
8 days late
2019
7 days 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 3 days after the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 3 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end14-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Highest result from 2019 to 2025net €1.7m ▲50.6%
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Among the best 5% on net resultsector median €16,923 · 1,120 companies €1.7m View
  • Positive: Result rose in 2025from €1.1m to €1.7m ▲ 50.6% View
  • Controlled by MARDES 99.67% View
  • Positive: 7 profitable years in a rowprofit 2025: €1.7m 7 years View

By topic

Financials

Financial year
2025
Total assets
€19.8m
Profit
€1.7m
Solvency
23.8%
Total assets▲ 14.3%
Net result
20192025
Go to Financials

Timeline

Events
40
Since
1987
Next accounts
by 31-01-2027
  1. 05-02-2024Annual accounts filed
  2. 07-02-2023Annual accounts filed
  3. 02-02-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Rental and leasing activitiesNACE 77320
Founded
09-04-1985
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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