Kremal
ActiveSummary
The computed 12-month bankruptcy probability of Kremal is 1.7% (moderate). The 2025 annual accounts show equity of €12k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 10407 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-29
Solvency32▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.88 in 2024; short-term debt: 57% and cash: 19.7% of total assets), and 92.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
7.2%
Return on assets
1.3%
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 18% of 10407 sector peers (2025).
NBB · sector comparisonPosition among 10407 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 d early
2024
31 d early
2023
15 d early
2022
11 d early
2021
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€12k▲ 22.9%
2024 · €10k
Total assets
€164k▼ 8.7%
2024 · €180k
Net result
€2k▼ 87.1%
2024 · €17k
Working capital
€-23k▼ 153%
2024 · €-9k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-19k-€2k€6k▲ 222%€25k▲ 326%€11k▼ 54.9%
Net result€-24k-€-1k▲ 94.6%€3k€17k▲ 471%€2k▼ 87.1%
Equity€-9k-€-10k▼ 14.3%€-7k▲ 28.7%€10k€12k▲ 22.9%
Total assets€178k-€168k▼ 5.7%€174k▲ 3.5%€180k▲ 3.7%€164k▼ 8.7%
Debt€187k-€178k▼ 4.7%€181k▲ 1.6%€170k▼ 5.9%€152k▼ 10.5%
Working capital€-50k-€-46k▲ 6.5%€-27k▲ 41.9%€-9k▲ 65.9%€-23k▼ 153%
Staff (FTE)2.5-2.7▲ 8.0%2.6▼ 3.7%2.9▲ 11.5%4.4▲ 51.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€94k ▼ 17.6%
Current assets
€70k ▲ 6.8%
Equity and liabilities €164k
Equity
€12k ▲ 22.9%
Debt
€152k ▼ 10.5%
Debt's share of the balance-sheet total falls from 94.6% to 92.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €48k
Cash flow
€25k▼
2024 · €40k
Current ratio
0.75▼
2024 · 0.88
Quick ratio
0.67▼
2024 · 0.78
Debt to equity
12.83▼
2024 · 17.61
ROE
18.6%▼
2024 · 177.3%
ROA
1.3%▼
2024 · 9.5%
Interest coverage
3.74▼
2024 · 6.10
Debt ≤ 1 year
€94k▲
2024 · €75k
Debt > 1 year
€59k▼
2024 · €86k
Staff costs
€197k▲
2024 · €148k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €72k | €112k | €129k | €148k | €197k | ▲ 33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €21k | €21k | €23k | €23k | ▼ 1.8% |
| Other operating charges640/8 | - | €122 | €132 | €141 | €544 | ▲ 287% |
| Gross operating margin9900 | €75k | €134k | €157k | €196k | €231k | ▲ 17.8% |
| Operating profit (loss)9901 | €-19k | €2k | €6k | €25k | €11k | ▼ 54.9% |
| Financial income75/76B | €154 | €4 | €0 | €1 | €2 | ▲ 81.3% |
| Recurring financial income75 | €154 | €4 | €0 | €1 | €2 | ▲ 81.3% |
| Financial charges65/66B | €5k | €3k | €3k | €8k | €9k | ▲ 15.1% |
| Recurring financial charges65 | €5k | €3k | €3k | €8k | €9k | ▲ 15.1% |
| Profit (loss) for the period before taxes9903 | €-24k | €-1k | €3k | €17k | €2k | ▼ 87.1% |
| Profit (loss) for the period9904 | €-24k | €-1k | €3k | €17k | €2k | ▼ 87.1% |
| Profit (loss) for the period to be appropriated9905 | €-24k | €-1k | €3k | €17k | €2k | ▼ 87.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178k | €168k | €174k | €180k | €164k | ▼ 8.7% |
| Fixed assets21/28 | €158k | €140k | €134k | €114k | €94k | ▼ 17.6% |
| Intangible fixed assets21 | €10k | €9k | €13k | €11k | €10k | ▼ 13.8% |
| Tangible fixed assets22/27 | €148k | €130k | €119k | €102k | €84k | ▼ 17.3% |
| Plant, machinery and equipment23 | - | - | €9k | €11k | €12k | ▲ 9.4% |
| Furniture and vehicles24 | - | €1k | €679 | €103 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €148k | €129k | €109k | €91k | €72k | ▼ 20.4% |
| Financial fixed assets28 | €344 | €1k | €1k | €885 | €0 | ▼ 100% |
| Current assets29/58 | €19k | €27k | €40k | €66k | €70k | ▲ 6.8% |
| Stocks and contracts in progress3 | €5k | €5k | €7k | €8k | €8k | = |
| Stocks30/36 | €5k | €5k | €7k | €8k | €8k | = |
| Amounts receivable within one year40/41 | €2k | €3k | €4k | €28k | €29k | ▲ 3.9% |
| Trade receivables40 | €840 | €3k | €3k | €3k | €3k | ▲ 3.6% |
| Other amounts receivable41 | €818 | €158 | €2k | €25k | €26k | ▲ 3.9% |
| Cash at bank and in hand54/58 | €12k | €19k | €25k | €30k | €32k | ▲ 8.3% |
| Deferred charges and accrued income490/1 | - | €70 | €3k | €329 | €1k | ▲ 271% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178k | €168k | €174k | €180k | €164k | ▼ 8.7% |
| Equity10/15 | €-9k | €-10k | €-7k | €10k | €12k | ▲ 22.9% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-24k | €-25k | €-22k | €-5k | €-3k | ▲ 41.5% |
| Amounts payable17/49 | €187k | €178k | €181k | €170k | €152k | ▼ 10.5% |
| Amounts payable after more than one year17 | €116k | €102k | €114k | €86k | €59k | ▼ 31.8% |
| Financial debts170/4 | €116k | €102k | €114k | €86k | €59k | ▼ 31.8% |
| Amounts payable within one year42/48 | €69k | €74k | €67k | €75k | €94k | ▲ 24.6% |
| Current portion of amounts payable after more than one year42 | €13k | €14k | €27k | €28k | €27k | ▼ 1.0% |
| Financial debts43 | €1k | €1k | €2k | €1k | €1k | ▲ 2.0% |
| Credit institutions430/8 | €1k | €1k | €2k | €1k | €1k | ▲ 2.0% |
| Trade debts44 | €38k | €39k | €23k | €26k | €37k | ▲ 43.7% |
| Suppliers440/4 | €38k | €39k | €23k | €26k | €37k | ▲ 43.7% |
| Taxes, remuneration and social security45 | €12k | €15k | €10k | €20k | €28k | ▲ 36.5% |
| Taxes450/3 | €8k | €9k | €3k | €14k | €15k | ▲ 7.4% |
| Remuneration and social security454/9 | €4k | €6k | €7k | €7k | €13k | ▲ 97.1% |
| Other amounts payable47/48 | €5k | €5k | €5k | €0 | - | - |
| Accrued charges and deferred income492/3 | €3k | €2k | €190 | €9k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €-1k | €3k | €17k | €2k | ▼ 87.1% |
| + Depreciation and write-downs630 | €21k | €21k | €21k | €23k | €23k | ▼ 1.8% |
| Operating cash flow (approximation) | €-3k | €19k | €24k | €40k | €25k | ▼ 38.2% |
| Investment in fixed assets (approximation) | - | €-2k | €-15k | €-3k | €-3k | ▲ 26.0% |
| Change in cash | - | €7k | €7k | €4k | €2k | ▼ 43.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €17k ▲471%
Operating result €25k, net result €17k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Maldegem · 1 establishment unit since 2020
Ground area
648 m²
Building footprint
284 m²
Volume, LiDAR
1,675 m³
Parcel 43503F0738/00X000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kremal
since 20202.306.674.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503F0738/00X000 | Flanders | 648 m² | 1 · 284 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 2,075 companies in sector 47750 we hold annual accounts for 517. 365 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
Founded07-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.