Equity
€11,881 ▲ 22.9%
Kremal has made a profit without a break since 2023.
Kremal
Lifetime
5 annual accounts with figures on one time axispeak €231,130 (2025)
€231,130▲ 17.8%
lowest -€24,161 (2021)
€2,212▼ 87.1%
peak €11,881 (2025)
€11,881▲ 22.9%
€152,451▼ 10.5%
peak 2.9 FTE (2024)
-not published
Board1 name since 2020
1 directorDrazic
Documentsfilings and deeds
08-07-202623 days before the deadline
2025abbreviated format
Gross margin from €196,136 to €231,130Result from €17,140 to €2,212Equity from €9,670 to €11,881
Key points
from the 2025 annual accountsTurnover
≈ €1.1m estimated
The abbreviated format states no turnover.
Debts
€152,451 93% of the balance sheet
Financial debts 39%Suppliers 24%Taxes and wages 18%Other 18%
€73,382 of the debts are secured on the company's own assets. In 2021 that was €129,000.
Securities
€120,000
Mortgages, new in 2025. 10.1 times equity · not in the 2024 accounts.
Staff
8 employees on 31-12-2025
In 2025, 12 people joined and 7 left.
Position in the sector
€11,881
Less equity than 83% of companies in retail trade. Sector median €235,781 · 12,866 companies.
Checked score
66
Healthy
Financially stronger than 45% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.1%● unchanged vs 12-2024
02-2025: 2.2%▲ +0.1 percentage points vs 01-2025
03-2025: 2.2%● unchanged vs 02-2025
04-2025: 2.3%▲ +0.1 percentage points vs 03-2025
05-2025: 2.4%▲ +0.1 percentage points vs 04-2025
06-2025: 2.4%● unchanged vs 05-2025
07-2025: 2.5%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 2.0%▼ -0.5 percentage points vs 07-2025
09-2025: 2.0%● unchanged vs 08-2025
10-2025: 2.0%● unchanged vs 09-2025
11-2025: 1.9%▼ -0.1 percentage points vs 10-2025
12-2025: 1.8%▼ -0.1 percentage points vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 2.0%▲ +0.2 percentage points vs 03-2026
05-2026: 1.9%▼ -0.1 percentage points vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 1.9%● unchanged vs 06-2026
08-2026: 1.1%▼ -0.8 percentage points vs 07-2026lowest value
09-2026: 1.1%● unchanged vs 08-2026lowest value
10-2026: 1.1%● unchanged vs 09-2026lowest value
11-2026: 1.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €11,881 (7.2% of total assets)
Founded in 2020
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 0.75, cash €32,363
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 24% of them on solvency, 44% on liquidity, 37% on profitability and 75% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,251 companies had the same profile as Kremal has now. Each dot stands for 4 companies, two years later.
94.4%
were still trading
2.7%
stopped another way
2.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Kremal itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,251 companies, not a prediction for Kremal. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (0.88 in 2024), below 1. Short-term debt is 57% and cash 19.7% of total assets. 92.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 12856 sector peers (2025).
NBB · sector comparisonPosition among 12856 sector peers
Solvency
better than 18%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 days early
2024
31 days early
2023
15 days early
2022
11 days early
2021
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 11 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0753772350
Registered office moved within Maldegem
New registered office: Koningin Astridlaan 55, 9990 Maldegem · Previous registered office: Koningin Astridlaan 59, 9990 Maldegem · General meeting of 14-10-2020 · Gazette deed
Incorporation
Founding capital of €15,000, 100 shares · Founder: STANDAERT Ulrike Marie-Jeanne Paul · Appointment: DRAZIC (director) · published on 09-09-2020 · Gazette deed
First establishment
Koningin Astridlaan 55, Maldegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Kremal Maldegem | - | - | 7.2% | - |
| AURORE PROSMAN Chaudfontaine | - | - | 9.7% | - |
| JS-Project Poperinge | - | - | 27.6% | - |
| Valérie Deuquet Parfumeur Tournai | - | - | 38.3% | - |
| AFRO BEAUTY STORE Mons | €521,011 | 8.2% | 40.7% | - |
| COCO & CO Ciney | €390,938 | 13.5% | 68.3% | - |
| MURIELLE LEBRUN Andenne | €351,550 | 7.4% | 35.8% | - |
These companies have the same main activity as Kremal: retail sale of cosmetics and toilet articles (NACE 47750). They are comparable in size and age: total assets between €102,000 and €206,000, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 07-09-2020Normal situation
- Activity
- Retail sale of cosmetics and toilet articlesNACE 47750and 1 other
- Joint committee
- 314Hairdressing and beauty care · annual accounts 2025
- Establishment unit
- 2.306.674.8469990 Maldegem, since 07-09-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2025
Annual accounts 2025
- €164,332▼ 8.7%
- Employeeson 31-12-2025
- 8▲ 100%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on Kremal
Kremal files the abbreviated format. That format states no turnover. The gross margin rose from €74,677 in 2021 to €231,130 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Kremal
- What is the company number of Kremal?
- The company number of Kremal is 0753.772.350. The VAT number is the same number with BE in front: BE 0753.772.350.
- Where is Kremal based?
- The registered office is at Koningin Astridlaan 55, 9990 Maldegem.Company details
- What does Kremal do?
- According to the KBO register, the main activity is retail sale of cosmetics and toilet articles (NACE 47750).
- What is the legal form of Kremal?
- Kremal is a private limited company (BV).
- When was Kremal founded?
- Kremal was founded on 07-09-2020.
- Is Kremal still active?
- Yes, Kremal is an active enterprise in the KBO register.
- How many employees does Kremal have?
- Kremal had an average of 4.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Kremal fall under?
- In its 2025 annual accounts, Kremal states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of Kremal?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €231,130 and 51 comparable companies (NACE 477). It probably lies between €720,000 and €2.1m.
- Is Kremal profitable?
- In financial year 2025, Kremal made a profit of €2,212.
- Where can I find the annual accounts of Kremal?
- Kremal filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Kremal due?
- Kremal must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.