KRUGGER
ActiveSummary
KRUGGER has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,982 and a net result of €3,822. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 58% of 94 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+7
Solvency72▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 2.06 in 2024; short-term debt: 48.9% and cash: 27.9% of total assets), and 53.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-09-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
20 d early
2022
10 d early
2021
33 d early
2020
31 d early
2019
21 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 25 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€73,982▼ 19.2%
2024 · €91,559
Total assets
€158,457▲ 6.1%
2024 · €149,328
Net result
€3,822
2024 · -€4,012
Working capital
€26,901▼ 25.8%
2024 · €36,256
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, 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€25,840▼ 51.8%€27,974▲ 8.3%€42,430▲ 51.7%-€2,470€6,310
Net result€23,196within the sector's middle half▼ 45.3%€24,860above the sector's middle half▲ 7.2%€31,463above the sector's middle half▲ 26.6%-€4,012within the sector's middle half€3,822within the sector's middle half
Equity€110,568within the sector's middle half▲ 11.3%€107,909within the sector's middle half▼ 2.4%€109,372within the sector's middle half▲ 1.4%€91,559within the sector's middle half▼ 16.3%€73,982within the sector's middle half▼ 19.2%
Total assets€247,177within the sector's middle half▼ 0.7%€203,158within the sector's middle half▼ 17.8%€195,560within the sector's middle half▼ 3.7%€149,328within the sector's middle half▼ 23.6%€158,457within the sector's middle half▲ 6.1%
Debt€136,608▼ 8.7%€95,250▼ 30.3%€86,188▼ 9.5%€57,768▼ 33.0%€84,475▲ 46.2%
Working capital€70,241within the sector's middle half▼ 3.6%€45,917within the sector's middle half▼ 34.6%€45,535within the sector's middle half▼ 0.8%€36,256within the sector's middle half▼ 20.4%€26,901within the sector's middle half▼ 25.8%
Solvency44.7%within the sector's middle half▲ 4.8pp53.1%within the sector's middle half▲ 8.4pp55.9%within the sector's middle half▲ 2.8pp61.3%within the sector's middle half▲ 5.4pp46.7%within the sector's middle half▼ 14.6pp
Current ratio2.20within the sector's middle half▼ 0.212.23within the sector's middle half▲ 0.031.99within the sector's middle half▼ 0.242.06within the sector's middle half▲ 0.071.35within the sector's middle half▼ 0.72
Return on assets (ROA)9.4%within the sector's middle half▼ 7.7pp12.2%above the sector's middle half▲ 2.9pp16.1%above the sector's middle half▲ 3.9pp-2.7%within the sector's middle half▼ 18.8pp2.4%within the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, 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
The operating result returns to profit in 2025: €6,310 after a loss of €2,470 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,457
Fixed assets
€54,068 ▼ 31.5%
Current assets
€104,389 ▲ 48.3%
Equity and liabilities €158,457
Equity
€73,982 ▼ 19.2%
Debt
€84,475 ▲ 46.2%
Debt's share of the balance-sheet total rises from 38.7% to 53.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32,960▲
2024 · €24,751
Cash flow
€30,472▲
2024 · €23,209
Quick ratio
1.06▼
2024 · 1.27
Debt to equity
1.14▲
2024 · 0.63
ROE
5.2%▲
2024 · -4.4%
Interest coverage
56.63▲
2024 · 34.23
Debt ≤ 1 year
€77,489▲
2024 · €34,131
Debt > 1 year
€6,986▼
2024 · €23,637
Income taxes
€1,906▲
2024 · €820
Staff costs
€378
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 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% | 1.9% |
| 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 10,905 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €378 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,723 | €26,483 | €21,644 | €27,221 | €26,650 | ▼ 2.1% |
| Other operating charges640/8 | - | €546 | €1,126 | €1,770 | €610 | ▼ 65.5% |
| Gross operating margin9900 | €48,998 | €55,003 | €65,200 | €26,522 | €33,948 | ▲ 28.0% |
| Operating profit (loss)9901 | €25,840 | €27,974 | €42,430 | -€2,470 | €6,310 | ▲ 356% |
| Financial income75/76B | - | €9 | - | - | - | - |
| Recurring financial income75 | - | €9 | - | - | - | - |
| Financial charges65/66B | - | €1,179 | €969 | €723 | €582 | ▼ 19.5% |
| Recurring financial charges65 | €1,379 | €1,179 | €969 | €723 | €582 | ▼ 19.5% |
| Profit (loss) for the period before taxes9903 | €24,461 | €26,803 | €41,461 | -€3,193 | €5,728 | ▲ 279% |
| Income taxes67/77 | €1,264 | €1,943 | €9,998 | €820 | €1,906 | ▲ 133% |
| Profit (loss) for the period9904 | €23,196 | €24,860 | €31,463 | -€4,012 | €3,822 | ▲ 195% |
| Profit (loss) for the period to be appropriated9905 | €23,196 | €24,860 | €31,463 | -€4,012 | €3,822 | ▲ 195% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €247,177 | €203,158 | €195,560 | €149,328 | €158,457 | ▲ 6.1% |
| Fixed assets21/28 | €118,405 | €119,817 | €103,961 | €78,940 | €54,068 | ▼ 31.5% |
| Intangible fixed assets21 | €60,000 | €48,000 | €36,000 | €24,000 | €12,000 | ▼ 50.0% |
| Tangible fixed assets22/27 | €58,405 | €71,817 | €67,961 | €54,940 | €42,068 | ▼ 23.4% |
| Plant, machinery and equipment23 | - | €2,524 | €729 | €1,853 | €2,901 | ▲ 56.5% |
| Furniture and vehicles24 | - | €25,021 | €30,253 | €23,402 | €16,775 | ▼ 28.3% |
| Other tangible fixed assets26 | - | €44,273 | €36,979 | €29,685 | €22,392 | ▼ 24.6% |
| Current assets29/58 | €128,772 | €83,341 | €91,598 | €70,387 | €104,389 | ▲ 48.3% |
| Stocks and contracts in progress3 | €35,810 | €22,620 | €22,640 | €26,930 | €22,300 | ▼ 17.2% |
| Stocks30/36 | - | €22,620 | €22,640 | €26,930 | €22,300 | ▼ 17.2% |
| Amounts receivable within one year40/41 | €49 | €8,949 | €27,401 | €17,616 | €32,487 | ▲ 84.4% |
| Trade receivables40 | - | €8,900 | €25,162 | €17,616 | €32,487 | ▲ 84.4% |
| Other amounts receivable41 | - | €49 | €2,238 | - | - | - |
| Cash at bank and in hand54/58 | €92,844 | €50,421 | €40,947 | €25,558 | €44,245 | ▲ 73.1% |
| Deferred charges and accrued income490/1 | - | €1,351 | €611 | €284 | €5,357 | ▲ 1,788% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €247,177 | €203,158 | €195,560 | €149,328 | €158,457 | ▲ 6.1% |
| Equity10/15 | €110,568 | €107,909 | €109,372 | €91,559 | €73,982 | ▼ 19.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €14,260 | €14,260 | = |
| Reserves13 | €98,168 | €95,509 | €96,972 | €77,299 | €59,722 | ▼ 22.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €93,649 | €95,112 | €77,299 | €59,722 | ▼ 22.7% |
| Amounts payable17/49 | €136,608 | €95,250 | €86,188 | €57,768 | €84,475 | ▲ 46.2% |
| Amounts payable after more than one year17 | €78,078 | €57,825 | €40,124 | €23,637 | €6,986 | ▼ 70.4% |
| Financial debts170/4 | - | €57,825 | €40,124 | €23,637 | €6,986 | ▼ 70.4% |
| Amounts payable within one year42/48 | €58,530 | €37,425 | €46,063 | €34,131 | €77,489 | ▲ 127% |
| Current portion of amounts payable after more than one year42 | - | €20,253 | €17,700 | €16,487 | €16,651 | ▲ 1.0% |
| Trade debts44 | €7,646 | €4,887 | €1,215 | €1,286 | €3,069 | ▲ 139% |
| Suppliers440/4 | - | €4,887 | €1,215 | €1,286 | €3,069 | ▲ 139% |
| Advances received on contracts in progress46 | - | - | - | - | €20,000 | - |
| Taxes, remuneration and social security45 | - | €6,576 | €11,797 | €2,865 | €10,987 | ▲ 283% |
| Taxes450/3 | - | €6,576 | €11,797 | €2,865 | €10,987 | ▲ 283% |
| Other amounts payable47/48 | - | €5,709 | €15,351 | €13,492 | €26,782 | ▲ 98.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,196 | €24,860 | €31,463 | -€4,012 | €3,822 | ▲ 195% |
| + Depreciation and write-downs630 | €22,723 | €26,483 | €21,644 | €27,221 | €26,650 | ▼ 2.1% |
| Operating cash flow (approximation) | €45,919 | €51,343 | €53,107 | €23,209 | €30,472 | ▲ 31.3% |
| Investment in fixed assets (approximation) | - | -€27,895 | -€5,788 | -€2,200 | -€1,777 | ▲ 19.2% |
| Change in cash | - | -€42,423 | -€9,474 | -€15,389 | €18,687 | ▲ 221% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €3,822
Net result €3,822 after one loss-making year.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet -€4,012
Net result drops to -€4,012, the lowest in the series; recovery starts the following year.
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100,000Eq €110,568 ▲11.3%
3 profitable years in a row build equity to €110,568.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Highest result since 2019net €42,427 ▲89.7%
Operating result €53,556, net result €42,427, both a record.
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2017
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
06-06
State Gazette act
General meeting · Director resignation
Director appointment
2013
22-03
State Gazette act
General meeting · Registered-office move
Director resignation · Director discharge
Financial milestoneState Gazette actNBB 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
4 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, Trois-Ponts · 1 establishment unit since 2013
Ground area
403 m²
Building footprint
251 m²
Volume, LiDAR
1,320 m³
Parcel 63005A0443/00B000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KRUGGER
since 20132.217.504.924
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63005A0443/00B000 | Wallonia | 403 m² | 1 · 251 m² | 7.5 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.
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Of 114 companies in sector 29100 we hold annual accounts for 72. 33 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
Founded28-02-2013
Fiscal year end31-03
Activities, NACEBEL 2025
29100Manufacture of motor vehicles, trailers and semi-trailers
70200Business and other management consultancy
71209Other technical testing and analysis
73200Market research and public opinion polling
73300Public relations and communication consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0518974051
Also
9925:BE0518974051
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.