KrisKras
ActiveSummary
KrisKras has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €778,888 and a net result of -€201,310. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-45
Solvency90▼-2
Growth35=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.69 in 2024; short-term debt: 28.7% and cash: 17% of total assets), and 35.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€201,310
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
77 d early
2023
78 d early
2022
32 d early
2021
111 d early
2020
53 d early
2019
29 d early
← 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 61 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 15 May (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 oldest company in East Flanders, Travel agencies sector
Turnover
€486,734▲ 194%
2020 · €165,635
EBIT margin
32.5%▲ 20.8pp
2020 · 11.7%
Net result
-€201,310▼ 277%
2024 · -€53,462
Working capital
€40,789▼ 83.9%
2024 · €253,148
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 79, Travel agency, tour operator and other reservation service and related activities, 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
Line20212022202320242025
Turnover€486,734▲ 194%
Operating result€158,249▲ 713%€73,987▼ 53.2%€65,720▼ 11.2%-€46,049-€181,957▼ 295%
Net result€148,655above the sector's middle half▲ 1,371%€64,812within the sector's middle half▼ 56.4%€56,562within the sector's middle half▼ 12.7%-€53,462below the sector's middle half-€201,310below the sector's middle half▼ 277%
EBIT margin32.5%▲ 20.8pp
Equity€912,286above the sector's middle half▲ 19.5%€977,098above the sector's middle half▲ 7.1%€1.0mabove the sector's middle half▲ 5.8%€980,199above the sector's middle half▼ 5.2%€778,888above the sector's middle half▼ 20.5%
Total assets€1.7mabove the sector's middle half▲ 18.9%€1.5mwithin the sector's middle half▼ 9.2%€1.6mwithin the sector's middle half▲ 1.1%€1.5mwithin the sector's middle half▼ 6.5%€1.2mwithin the sector's middle half▼ 17.4%
Debt€779,213▲ 18.5%€567,611▼ 27.2%€528,159▼ 7.0%€479,818▼ 9.2%€427,203▼ 11.0%
Working capital€292,259within the sector's middle half▲ 7.0%€343,785within the sector's middle half▲ 17.6%€402,275within the sector's middle half▲ 17.0%€253,148within the sector's middle half▼ 37.1%€40,789below the sector's middle half▼ 83.9%
Solvency53.6%above the sector's middle half▲ 0.3pp63.3%above the sector's middle half▲ 9.6pp66.2%above the sector's middle half▲ 2.9pp67.1%above the sector's middle half▲ 1.0pp64.6%above the sector's middle half▼ 2.6pp
Current ratio1.50within the sector's middle half▼ 0.411.86within the sector's middle half▲ 0.362.04within the sector's middle half▲ 0.181.69within the sector's middle half▼ 0.351.12below the sector's middle half▼ 0.57
Return on assets (ROA)8.7%within the sector's middle half▲ 8.0pp4.2%within the sector's middle half▼ 4.5pp3.6%within the sector's middle half▼ 0.6pp-3.7%below the sector's middle half▼ 7.3pp-16.7%below the sector's middle half▼ 13.0pp
Staff (FTE)6above the sector's middle half▼ 24.1%8.6above the sector's middle half▲ 43.3%8.7above the sector's middle half▲ 1.2%9.3above the sector's middle half▲ 6.9%9.8above the sector's middle half▲ 5.4%
above
within
below
the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, 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 €181,957 in 2025 against €46,049 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€819,579 ▼ 2.3%
Current assets
€386,512 ▼ 37.8%
Equity and liabilities €1.2m
Equity
€778,888 ▼ 20.5%
Debt
€427,203 ▼ 11.0%
Debt's share of the balance-sheet total rises from 32.9% to 35.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€67,044▼
2024 · €39,010
Cash flow
-€86,397▼
2024 · €31,597
Debt to equity
0.55▲
2024 · 0.49
ROE
-25.8%▼
2024 · -5.5%
Interest coverage
-3.40▼
2024 · 3.76
Debt ≤ 1 year
€345,723▼
2024 · €367,796
Debt > 1 year
€81,480▼
2024 · €112,023
Staff costs
€753,977▲
2024 · €742,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €486,734 | - | - | - | - | - |
| Non-recurring operating income76A | €11,694 | €428 | €1,350 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €430,574 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €400,553 | €571,173 | €672,169 | €742,607 | €753,977 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,672 | €34,361 | €34,558 | €85,059 | €114,913 | ▲ 35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €168 | - | - | - | - |
| Other operating charges640/8 | €1,919 | €6,580 | €2,051 | €1,584 | €651 | ▼ 58.9% |
| Non-recurring operating charges66A | €12 | €3,013 | €266 | - | - | - |
| Gross operating margin9900 | €597,406 | €679,283 | €774,764 | €783,201 | €687,584 | ▼ 12.2% |
| Operating profit (loss)9901 | €158,249 | €73,987 | €65,720 | -€46,049 | -€181,957 | ▼ 295% |
| Financial income75/76B | €25 | €0 | €211 | €2,972 | €357 | ▼ 88.0% |
| Recurring financial income75 | €25 | €0 | €211 | €2,972 | €357 | ▼ 88.0% |
| Financial charges65/66B | €9,619 | €9,176 | €9,369 | €10,385 | €19,710 | ▲ 89.8% |
| Recurring financial charges65 | €9,619 | €9,176 | €9,369 | €10,385 | €19,710 | ▲ 89.8% |
| Profit (loss) for the period before taxes9903 | €148,655 | €64,812 | €56,562 | -€53,462 | -€201,310 | ▼ 277% |
| Profit (loss) for the period9904 | €148,655 | €64,812 | €56,562 | -€53,462 | -€201,310 | ▼ 277% |
| Profit (loss) for the period to be appropriated9905 | €148,655 | €64,812 | €56,562 | -€53,462 | -€201,310 | ▼ 277% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.5m | €1.6m | €1.5m | €1.2m | ▼ 17.4% |
| Fixed assets21/28 | €825,283 | €800,764 | €772,396 | €839,073 | €819,579 | ▼ 2.3% |
| Intangible fixed assets21 | €1,646 | - | - | €96,793 | €109,160 | ▲ 12.8% |
| Tangible fixed assets22/27 | €797,387 | €774,514 | €746,146 | €716,030 | €684,169 | ▼ 4.4% |
| Land and buildings22 | €796,692 | €766,894 | €737,316 | €707,738 | €678,160 | ▼ 4.2% |
| Plant, machinery and equipment23 | - | €3,678 | €5,965 | €6,427 | €5,144 | ▼ 20.0% |
| Furniture and vehicles24 | €695 | €3,942 | €2,865 | €1,865 | €865 | ▼ 53.6% |
| Financial fixed assets28 | €26,250 | €26,250 | €26,250 | €26,250 | €26,250 | = |
| Current assets29/58 | €876,216 | €743,944 | €789,423 | €620,944 | €386,512 | ▼ 37.8% |
| Amounts receivable within one year40/41 | €248,214 | €131,883 | €125,819 | €72,027 | €55,979 | ▼ 22.3% |
| Trade receivables40 | €211,998 | €64,575 | €81,228 | €15,894 | €2,410 | ▼ 84.8% |
| Other amounts receivable41 | €36,216 | €67,308 | €44,591 | €56,134 | €53,569 | ▼ 4.6% |
| Current investments50/53 | - | - | €100,000 | - | - | - |
| Cash at bank and in hand54/58 | €581,307 | €566,572 | €556,055 | €476,769 | €205,201 | ▼ 57.0% |
| Deferred charges and accrued income490/1 | €46,695 | €45,490 | €7,549 | €72,148 | €125,331 | ▲ 73.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.5m | €1.6m | €1.5m | €1.2m | ▼ 17.4% |
| Equity10/15 | €912,286 | €977,098 | €1.0m | €980,199 | €778,888 | ▼ 20.5% |
| Contributions10/11 | - | €126,921 | €126,921 | €126,921 | €126,921 | = |
| Capital10 | - | €126,921 | €126,921 | €126,921 | €126,921 | = |
| Reserves13 | €425,745 | €490,557 | €547,119 | €853,277 | €651,967 | ▼ 23.6% |
| Profit (loss) carried forward14 | €359,620 | €359,620 | €359,620 | - | - | - |
| Provisions and deferred taxes16 | €10,000 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €10,000 | - | - | - | - | - |
| Environmental obligations163 | €10,000 | - | - | - | - | - |
| Amounts payable17/49 | €779,213 | €567,611 | €528,159 | €479,818 | €427,203 | ▼ 11.0% |
| Amounts payable after more than one year17 | €195,256 | €167,452 | €140,860 | €112,023 | €81,480 | ▼ 27.3% |
| Financial debts170/4 | €195,256 | €167,452 | €140,860 | €112,023 | €81,480 | ▼ 27.3% |
| Amounts payable within one year42/48 | €583,957 | €400,159 | €387,148 | €367,796 | €345,723 | ▼ 6.0% |
| Current portion of amounts payable after more than one year42 | €26,911 | €27,804 | €27,227 | €28,837 | €30,543 | ▲ 5.9% |
| Financial debts43 | - | - | - | - | €85 | - |
| Other loans439 | - | - | - | - | €85 | - |
| Trade debts44 | €27,064 | €29,062 | €37,075 | €20,726 | €8,331 | ▼ 59.8% |
| Suppliers440/4 | €27,064 | €29,062 | €37,075 | €20,726 | €8,331 | ▼ 59.8% |
| Advances received on contracts in progress46 | €364,313 | €228,637 | €231,769 | €193,143 | €198,175 | ▲ 2.6% |
| Taxes, remuneration and social security45 | €158,336 | €106,120 | €91,078 | €124,787 | €108,589 | ▼ 13.0% |
| Taxes450/3 | €17,005 | €26,705 | €26,534 | €23,064 | €20,542 | ▼ 10.9% |
| Remuneration and social security454/9 | €141,331 | €79,415 | €64,544 | €101,722 | €88,047 | ▼ 13.4% |
| Accrued charges and deferred income492/3 | - | - | €150 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148,655 | €64,812 | €56,562 | -€53,462 | -€201,310 | ▼ 277% |
| + Depreciation and write-downs630 | €36,672 | €34,361 | €34,558 | €85,059 | €114,913 | ▲ 35.1% |
| Operating cash flow (approximation) | €185,327 | €99,173 | €91,120 | €31,597 | -€86,397 | ▼ 373% |
| Investment in fixed assets (approximation) | - | -€9,843 | -€6,189 | -€151,736 | -€95,419 | ▲ 37.1% |
| Change in cash | - | -€14,736 | -€10,517 | -€79,286 | -€271,567 | ▼ 243% |
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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€201,310
Net result drops to -€201,310, the lowest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.0m ▲5.8%
6 profitable years in a row build equity to €1.0m.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €148,655 ▲1,371%
Operating result €158,249, net result €148,655, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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 14 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2007
Ground area
1,062 m²
Building footprint
997 m²
Volume, LiDAR
12,159 m³
Parcel 44809I0688/00Y000, Flanders · tallest building 23.5 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Kris - Kras vzw
since 20072.158.843.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0688/00Y000 | Flanders | 1,062 m² | 1 · 997 m² | 23.5 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.
Subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 1,976,888 EUR awarded · 1,931,182 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 521,812 EUR | 519,281 EUR |
| 2024 | 3 | 506,303 EUR | 501,591 EUR |
| 2023 | 3 | 510,576 EUR | 532,550 EUR |
| 2022 | 2 | 438,197 EUR | 377,760 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
875500F4XRFNWV1GU511
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Of 532 companies in this sector we hold annual accounts for 204. 111 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formNon-profit association
Founded03-12-1979
Fiscal year end31-12
Activities, NACEBEL 2025
79120Travel agency, tour operator and other reservation service and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420276947
Also
9925:BE0420276947
Registered
27-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.