Krestahl
ActiveSummary
The computed 12-month bankruptcy probability of Krestahl is 2.4% (moderate). For Krestahl, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€26,983) and a net result of -€9,196. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1811 sector peers (fiscal year 2023). The company has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-2
Solvency0=
Growth22▼-7
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-148.1%
Return on assets
-50.5%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 06-07-2025, 340 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
340 d late
2022
433 d late
2021
798 d late
2020
1163 d late
2019
425 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 632 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, abbreviated schema
Turnover
€19,649▼ 75.4%
2021 · €79,715
EBIT margin
-19.8%▼ 24.1pp
2021 · 4.2%
Net result
-€9,196▲ 30.6%
2022 · -€13,245
Working capital
-€34,968▼ 66.7%
2022 · -€20,980
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€117,703▲ 33.4%€79,715€19,649
Operating result€10,375▲ 259%€4,243▼ 59.1%€3,374▼ 20.5%-€1,998-€3,897▼ 95.1%
Net result€6,645▲ 297%€3,985within the sector's middle half▼ 40.0%€1,322below the sector's middle half▼ 66.8%-€13,245below the sector's middle half-€9,196below the sector's middle half▲ 30.6%
EBIT margin8.8%▲ 5.5pp4.2%-19.8%
Equity-€9,848▲ 40.3%-€5,864below the sector's middle half▲ 40.5%-€4,542below the sector's middle half▲ 22.5%-€17,787below the sector's middle half▼ 292%-€26,983below the sector's middle half▼ 51.7%
Total assets€47,754▼ 20.3%€35,059below the sector's middle half▼ 26.6%€31,810below the sector's middle half▼ 9.3%€6,308below the sector's middle half▼ 80.2%€18,219below the sector's middle half▲ 189%
Debt€57,602▼ 24.6%€40,923▼ 29.0%€36,351▼ 11.2%€24,095▼ 33.7%€45,201▲ 87.6%
Working capital-€16,047-€14,045below the sector's middle half▲ 12.5%-€10,205below the sector's middle half▲ 27.3%-€20,980below the sector's middle half▼ 106%-€34,968below the sector's middle half▼ 66.7%
Solvency-20.6%▲ 6.9pp-16.7%below the sector's middle half▲ 3.9pp-14.3%below the sector's middle half▲ 2.4pp-282.0%below the sector's middle half▼ 267.7pp-148.1%below the sector's middle half▲ 133.8pp
Current ratio0.70▼ 2.960.66below the sector's middle half▼ 0.040.72below the sector's middle half▲ 0.060.13below the sector's middle half▼ 0.590.23below the sector's middle half▲ 0.10
Return on assets (ROA)13.9%▲ 11.1pp11.4%above the sector's middle half▼ 2.5pp4.2%within the sector's middle half▼ 7.2pp-210.0%below the sector's middle half▼ 214.1pp-50.5%below the sector's middle half▲ 159.5pp
Staff (FTE)1.8▲ 38.5%1.6below the sector's middle half▼ 11.1%1below the sector's middle half▼ 37.5%1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,897 in 2023 against €1,998 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €18,219
Fixed assets
€7,985 ▲ 150%
Current assets
€10,234 ▲ 228%
Equity and liabilities
Equity-€26,983
Debt€45,201
Equity is negative: debt (€45,201) exceeds the balance-sheet total (€18,219).
Key figures and ratios
EBITDA
-€1,590▼
2022 · €473
Cash flow
-€6,888▲
2022 · -€10,774
Interest coverage
-2.11▼
2022 · 0.27
Debt ≤ 1 year
€45,201▲
2022 · €24,095
Income taxes
€5,201▼
2022 · €9,466
Staff costs
€18,378▼
2022 · €34,290
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €117,703 | - | €79,715 | - | €19,649 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €33,169 | - | €21,306 | - |
| Remuneration, social security and pensions62 | - | €54,457 | €39,038 | €34,290 | €18,378 | ▼ 46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,423 | €2,518 | €2,518 | €2,471 | €2,308 | ▼ 6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€18,446 | - |
| Other operating charges640/8 | - | €42,629 | €2,748 | €23,052 | - | - |
| Gross operating margin9900 | €103,255 | €103,847 | €47,678 | €57,815 | -€1,657 | ▼ 103% |
| Operating profit (loss)9901 | €10,375 | €4,243 | €3,374 | -€1,998 | -€3,897 | ▼ 95.1% |
| Financial income75/76B | - | €154 | - | €0 | €655 | ▲ 467,729% |
| Recurring financial income75 | €32 | €154 | - | €0 | €655 | ▲ 467,729% |
| Financial charges65/66B | - | €412 | €581 | €1,782 | €752 | ▼ 57.8% |
| Recurring financial charges65 | €3,452 | €412 | €581 | €1,782 | €752 | ▼ 57.8% |
| Profit (loss) for the period before taxes9903 | €6,955 | €3,985 | €2,793 | -€3,779 | -€3,994 | ▼ 5.7% |
| Income taxes67/77 | €311 | - | €1,471 | €9,466 | €5,201 | ▼ 45.1% |
| Profit (loss) for the period9904 | €6,645 | €3,985 | €1,322 | -€13,245 | -€9,196 | ▲ 30.6% |
| Profit (loss) for the period to be appropriated9905 | €6,645 | €3,985 | €1,322 | -€13,245 | -€9,196 | ▲ 30.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,754 | €35,059 | €31,810 | €6,308 | €18,219 | ▲ 189% |
| Fixed assets21/28 | €10,699 | €8,181 | €5,663 | €3,193 | €7,985 | ▲ 150% |
| Tangible fixed assets22/27 | €10,199 | €7,681 | €5,163 | €2,693 | €7,485 | ▲ 178% |
| Plant, machinery and equipment23 | - | €846 | €468 | €138 | €6,390 | ▲ 4,540% |
| Furniture and vehicles24 | - | €6,835 | €4,695 | €2,555 | €1,095 | ▼ 57.1% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €37,055 | €26,878 | €26,146 | €3,116 | €10,234 | ▲ 228% |
| Amounts receivable within one year40/41 | €34,462 | €24,997 | €22,189 | €339 | €3,747 | ▲ 1,006% |
| Trade receivables40 | - | €22,244 | €21,559 | €339 | €570 | ▲ 68.3% |
| Other amounts receivable41 | - | €2,752 | €630 | - | €3,177 | - |
| Cash at bank and in hand54/58 | €1,402 | €1,765 | €3,571 | €2,777 | €4,679 | ▲ 68.5% |
| Deferred charges and accrued income490/1 | - | €116 | €387 | - | €1,808 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,754 | €35,059 | €31,810 | €6,308 | €18,219 | ▲ 189% |
| Equity10/15 | -€9,848 | -€5,864 | -€4,542 | -€17,787 | -€26,983 | ▼ 51.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €3,492 | €3,492 | €3,492 | €3,492 | €3,492 | = |
| Non-distributable reserves130/1 | - | €1,744 | €1,744 | €1,744 | €1,744 | = |
| Reserves not available under the articles1311 | - | €1,744 | €1,744 | €1,744 | €1,744 | = |
| Distributable reserves133 | - | €1,749 | €1,749 | €1,749 | €1,749 | = |
| Profit (loss) carried forward14 | -€31,932 | -€27,948 | -€26,626 | -€39,871 | -€49,067 | ▼ 23.1% |
| Amounts payable17/49 | €57,602 | €40,923 | €36,351 | €24,095 | €45,201 | ▲ 87.6% |
| Amounts payable within one year42/48 | €53,102 | €40,923 | €36,351 | €24,095 | €45,201 | ▲ 87.6% |
| Trade debts44 | €4,202 | - | €10,109 | €11,740 | €1,300 | ▼ 88.9% |
| Suppliers440/4 | - | - | €10,109 | €11,740 | €1,300 | ▼ 88.9% |
| Taxes, remuneration and social security45 | - | €19,138 | €15,474 | €9,656 | €3,902 | ▼ 59.6% |
| Taxes450/3 | - | €4,799 | €5,788 | €4,880 | €1,142 | ▼ 76.6% |
| Remuneration and social security454/9 | - | €14,338 | €9,687 | €4,776 | €2,759 | ▼ 42.2% |
| Other amounts payable47/48 | - | €21,785 | €10,768 | €2,699 | €40,000 | ▲ 1,382% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,645 | €3,985 | €1,322 | -€13,245 | -€9,196 | ▲ 30.6% |
| + Depreciation and write-downs630 | €1,423 | €2,518 | €2,518 | €2,471 | €2,308 | ▼ 6.6% |
| Operating cash flow (approximation) | €8,068 | €6,503 | €3,840 | -€10,774 | -€6,888 | ▲ 36.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,100 | - |
| Change in cash | - | €364 | €1,805 | -€794 | €1,902 | ▲ 340% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 340 days late
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 433 days late
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 798 days late
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1163 days late
2022
31-12
Financial
Weakest financial yearnet -€13,245
Net result drops to -€13,245, the lowest in the series; recovery starts the following year.
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 425 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 362 days late
2019
31-12
Financial
Highest result since 2018net €6,645 ▲297%
Operating result €10,375, net result €6,645, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 324 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 153 days late
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 136 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 1978
Ground area
6,080 m²
Building footprint
120 m²
Volume, LiDAR
639 m³
Parcel 11023I0123/00L000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Krestahl
since 19782.039.606.528
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0123/00L000 | Flanders | 6,080 m² | 1 · 120 m² | 8.4 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 12,573 companies in this sector we hold annual accounts for 8,205. 1,800 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded22-08-1978
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52210Service activities incidental to land transportation
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418618841
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.