KRUG
ActiveSummary
KRUG has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €306,015. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+12
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 5.48 against 5.41 in 2024; short-term debt: 18.2% and cash: 45% of total assets), and 18.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
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
81.8%
Return on assets
24.6%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €1.0m
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 02-12-2025, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
4 d early
2023
5 d early
2022
1 d early
2021
3 d early
2020
25 d late
2019
23 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 10 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.0m▲ 27.8%
2024 · €796,209
Total assets
€1.2m▲ 25.8%
2024 · €988,149
Net result
€306,015▲ 101%
2024 · €152,032
Working capital
€1.0m▲ 25.8%
2024 · €805,137
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€149,797▼ 2.8%€169,623▲ 13.2%€157,455▼ 7.2%€210,958▲ 34.0%€421,445▲ 99.8%
Net result€130,376above the sector's middle half▲ 53.0%€128,054above the sector's middle half▼ 1.8%€152,065above the sector's middle half▲ 18.8%€152,032above the sector's middle half=€306,015above the sector's middle half▲ 101%
Equity€1.1mabove the sector's middle half▲ 2.8%€1.0mabove the sector's middle half▼ 8.6%€744,177above the sector's middle half▼ 27.5%€796,209above the sector's middle half▲ 7.0%€1.0mabove the sector's middle half▲ 27.8%
Total assets€1.2mabove the sector's middle half▼ 1.9%€1.2mabove the sector's middle half▼ 6.0%€1.3mabove the sector's middle half▲ 8.6%€988,149above the sector's middle half▼ 21.2%€1.2mabove the sector's middle half▲ 25.8%
Debt€106,552▼ 33.6%€129,530▲ 21.6%€510,287▲ 294%€191,940▼ 62.4%€226,050▲ 17.8%
Working capital€1.1m▲ 1.6%€987,484▼ 7.0%€735,911▼ 25.5%€805,137▲ 9.4%€1.0m▲ 25.8%
Solvency91.3%above the sector's middle half▲ 4.1pp88.8%above the sector's middle half▼ 2.5pp59.3%within the sector's middle half▼ 29.5pp80.6%above the sector's middle half▲ 21.3pp81.8%above the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 100% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€4,431 ▲ 632%
Current assets
€1.2m ▲ 25.4%
Equity and liabilities €1.2m
Equity
€1.0m ▲ 27.8%
Debt
€226,050 ▲ 17.8%
Debt's share of the balance-sheet total falls from 19.4% to 18.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€421,894▲
2024 · €224,617
Cash flow
€306,464▲
2024 · €165,692
Current ratio
5.48▲
2024 · 5.41
Debt to equity
0.22▼
2024 · 0.24
ROE
30.1%▲
2024 · 19.1%
ROA
24.6%▲
2024 · 15.4%
Interest coverage
497.28▲
2024 · 152.43
Debt ≤ 1 year
€226,050▲
2024 · €182,406
Income taxes
€132,748▲
2024 · €67,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,251 | €37,146 | €36,419 | €13,660 | €449 | ▼ 96.7% |
| Other operating charges640/8 | - | €2,970 | €2,967 | €7,567 | €1,088 | ▼ 85.6% |
| Gross operating margin9900 | €192,336 | €209,738 | €196,841 | €232,184 | €422,981 | ▲ 82.2% |
| Operating profit (loss)9901 | €149,797 | €169,623 | €157,455 | €210,958 | €421,445 | ▲ 99.8% |
| Financial income75/76B | - | €21,610 | €47,048 | €9,704 | €18,167 | ▲ 87.2% |
| Recurring financial income75 | €8,941 | €21,610 | €10,567 | €9,704 | €18,167 | ▲ 87.2% |
| Non-recurring financial income76B | - | - | €36,480 | - | - | - |
| Financial charges65/66B | - | €5,829 | €350 | €1,474 | €848 | ▼ 42.4% |
| Recurring financial charges65 | €2,427 | €5,829 | €350 | €1,474 | €848 | ▼ 42.4% |
| Profit (loss) for the period before taxes9903 | €177,224 | €185,403 | €204,153 | €219,188 | €438,763 | ▲ 100% |
| Income taxes67/77 | €46,847 | €57,349 | €52,088 | €67,155 | €132,748 | ▲ 97.7% |
| Profit (loss) for the period9904 | €130,376 | €128,054 | €152,065 | €152,032 | €306,015 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €130,376 | €128,054 | €152,065 | €152,032 | €306,015 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.3m | €988,149 | €1.2m | ▲ 25.8% |
| Fixed assets21/28 | €87,830 | €50,684 | €14,265 | €605 | €4,431 | ▲ 632% |
| Tangible fixed assets22/27 | €87,830 | €50,684 | €14,265 | €605 | €4,431 | ▲ 632% |
| Land and buildings22 | - | €50,684 | €14,265 | €605 | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €4,431 | - |
| Current assets29/58 | €1.1m | €1.1m | €1.2m | €987,543 | €1.2m | ▲ 25.4% |
| Amounts receivable within one year40/41 | €91,289 | €82,944 | €158,060 | €131,592 | €34,788 | ▼ 73.6% |
| Trade receivables40 | - | €82,944 | €100,196 | €131,244 | €34,788 | ▼ 73.5% |
| Other amounts receivable41 | - | - | €57,864 | €347 | - | - |
| Current investments50/53 | €499,718 | €560,189 | €539,368 | €540,965 | €645,096 | ▲ 19.2% |
| Cash at bank and in hand54/58 | €550,773 | €461,826 | €542,770 | €314,986 | €558,958 | ▲ 77.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.3m | €988,149 | €1.2m | ▲ 25.8% |
| Equity10/15 | €1.1m | €1.0m | €744,177 | €796,209 | €1.0m | ▲ 27.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1.1m | €958,360 | €676,360 | €728,360 | €949,360 | ▲ 30.3% |
| Non-distributable reserves130/1 | - | €22,360 | €22,360 | €22,360 | - | - |
| Reserves not available under the articles1311 | - | €22,360 | €22,360 | €22,360 | - | - |
| Distributable reserves133 | - | €936,000 | €654,000 | €706,000 | €949,360 | ▲ 34.5% |
| Profit (loss) carried forward14 | €55,298 | €55,352 | €55,417 | €55,449 | €55,464 | = |
| Amounts payable17/49 | €106,552 | €129,530 | €510,287 | €191,940 | €226,050 | ▲ 17.8% |
| Amounts payable after more than one year17 | €25,007 | €8,056 | - | - | - | - |
| Financial debts170/4 | - | €8,056 | - | - | - | - |
| Amounts payable within one year42/48 | €79,545 | €117,474 | €504,287 | €182,406 | €226,050 | ▲ 23.9% |
| Current portion of amounts payable after more than one year42 | - | €16,951 | €8,056 | - | - | - |
| Trade debts44 | €5,203 | €8,650 | €7,039 | €1,500 | €4,416 | ▲ 194% |
| Suppliers440/4 | - | €8,650 | €7,039 | €1,500 | €4,416 | ▲ 194% |
| Taxes, remuneration and social security45 | - | €41,873 | €46,911 | €70,650 | €129,739 | ▲ 83.6% |
| Taxes450/3 | - | €27,610 | €28,858 | €44,050 | €106,201 | ▲ 141% |
| Remuneration and social security454/9 | - | €14,263 | €18,053 | €26,599 | €23,538 | ▼ 11.5% |
| Other amounts payable47/48 | - | €50,000 | €442,281 | €110,257 | €91,895 | ▼ 16.7% |
| Accrued charges and deferred income492/3 | - | €4,000 | €6,000 | €9,533 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130,376 | €128,054 | €152,065 | €152,032 | €306,015 | ▲ 101% |
| + Depreciation and write-downs630 | €36,251 | €37,146 | €36,419 | €13,660 | €449 | ▼ 96.7% |
| Operating cash flow (approximation) | €166,628 | €165,199 | €188,484 | €165,692 | €306,464 | ▲ 85.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4,275 | - |
| Change in cash | - | -€88,948 | €80,944 | -€227,784 | €243,972 | ▲ 207% |
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
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
27-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
27-10
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
17-10
State Gazette act
General meeting · Director resignation
Permanent representative
30-06
Financial
Highest result since 2019net €306,015 ▲101%
Operating result €421,445, net result €306,015, both a record.
30-06
Financial
Equity above €1mEq €1.0m ▲27.8%
7 profitable years in a row build equity to €1.0m.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity doublescurrent ratio 5.41
Current ratio from 2.46 to 5.41; short-term debt falls from €504,287 to €182,406.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
16-01
State Gazette act
General meeting · Board meeting
Capital increase · Real estate
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
30-06
Financial
Weakest financial yearnet €85,194 ▼16%
Net result drops to €85,194, the lowest in the series; recovery starts the following year.
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2012
06-08
State Gazette act
General meeting · Director appointment
Permanent representative
2010
10-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Hove · 1 establishment unit since 2003
Ground area
2,217 m²
Building footprint
256 m²
Volume, LiDAR
1,759 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Strijdhoflaan 27, 2600 Antwerpen
since 20032.131.557.776
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0056/00W000 | Flanders | 2,014 m² | 1 · 168 m² | 10.2 m · 2 fl. |
| 11303C0233/00L007 | Flanders | 203 m² | 1 · 87 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
DUVEL MOORTGAT
Shared director
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Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Recognitions · licences · registrations
Legal Entity Identifier
894500B7PXERRXOE4V70
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Of 2,711 companies in sector 73200 we hold annual accounts for 1,781. 1,084 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
Founded07-04-2003
Fiscal year end30-06
Activities, NACEBEL 2025
73200Market research and public opinion polling
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479958374
Also
9925:BE0479958374
Registered
20-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.