KRUICO
ActiveSummary
KRUICO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.4m and a net result of €784,233. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 9619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+8
Solvency85▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.83 in 2023; short-term debt: 34.4% and cash: 29.4% of total assets), and 40.3% 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
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 2024Solvency, return and age of the figures
Solvency
59.7%
Return on assets
19.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
13 d early
2022
41 d early
2021
30 d early
2020
31 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€2.4m▲ 43.4%
2023 · €1.7m
Total assets
€4.0m▲ 22.9%
2023 · €3.2m
Net result
€784,233▲ 27.8%
2023 · €613,555
Working capital
€1.8m▲ 69.5%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€726,701▲ 121%€601,226▼ 17.3%€533,995▼ 11.2%€822,338▲ 54.0%€909,259▲ 10.6%
Net result€503,034above the sector's middle half▲ 126%€416,934above the sector's middle half▼ 17.1%€290,548above the sector's middle half▼ 30.3%€613,555above the sector's middle half▲ 111%€784,233above the sector's middle half▲ 27.8%
Equity€985,704above the sector's middle half▲ 53.4%€1.0mabove the sector's middle half▲ 3.9%€1.2mabove the sector's middle half▲ 18.5%€1.7mabove the sector's middle half▲ 36.9%€2.4mabove the sector's middle half▲ 43.4%
Total assets€2.7mabove the sector's middle half▲ 17.0%€2.9mabove the sector's middle half▲ 6.4%€2.7mabove the sector's middle half▼ 5.6%€3.2mabove the sector's middle half▲ 20.8%€4.0mabove the sector's middle half▲ 22.9%
Debt€1.7m▲ 2.8%€1.8m▲ 7.8%€1.5m▼ 19.1%€1.6m▲ 7.5%€1.6m▲ 1.4%
Working capital€448,497▲ 986%€532,700▲ 18.8%€690,965▲ 29.7%€1.1m▲ 55.5%€1.8m▲ 69.5%
Solvency36.8%within the sector's middle half▲ 8.7pp35.9%within the sector's middle half▼ 0.8pp45.1%within the sector's middle half▲ 9.2pp51.2%within the sector's middle half▲ 6.0pp59.7%within the sector's middle half▲ 8.5pp
Staff (FTE)7.9above the sector's middle half▲ 3.9%6.8within the sector's middle half▼ 13.9%6.3within the sector's middle half▼ 7.4%6.9within the sector's middle half▲ 9.5%7.5within the sector's middle half▲ 8.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.0m
Fixed assets
€797,888 ▼ 9.3%
Current assets
€3.2m ▲ 34.8%
Equity and liabilities €4.0m
Equity
€2.4m ▲ 43.4%
Debt
€1.6m ▲ 1.4%
Debt's share of the balance-sheet total falls from 48.8% to 40.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.0m▲
2023 · €927,265
Cash flow
€907,805▲
2023 · €718,482
Current ratio
2.33▲
2023 · 1.83
Quick ratio
1.99▲
2023 · 1.48
Debt to equity
0.67▼
2023 · 0.95
ROE
32.9%▼
2023 · 36.9%
ROA
19.6%▲
2023 · 18.9%
Interest coverage
33.75▲
2023 · -35.52
Debt ≤ 1 year
€1.4m▲
2023 · €1.3m
Debt > 1 year
€211,119▼
2023 · €272,219
Income taxes
€296,070▲
2023 · €258,953
Staff costs
€240,456▲
2023 · €235,077
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,058 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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9,050 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €187,589 | €185,607 | €235,077 | €240,456 | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €165,053 | €133,672 | €115,503 | €104,927 | €123,572 | ▲ 17.8% |
| Other operating charges640/8 | - | €4,915 | €5,449 | €28,286 | €6,466 | ▼ 77.1% |
| Non-recurring operating charges66A | - | - | - | €393 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.1m | €927,401 | €840,553 | €1.2m | €1.3m | ▲ 7.4% |
| Operating profit (loss)9901 | €726,701 | €601,226 | €533,995 | €822,338 | €909,259 | ▲ 10.6% |
| Financial income75/76B | - | €1,886 | €22,505 | €24,063 | €201,647 | ▲ 738% |
| Recurring financial income75 | €989 | €1,886 | €22,505 | €24,063 | €201,647 | ▲ 738% |
| Financial charges65/66B | - | €27,191 | €116,870 | -€26,107 | €30,603 | ▲ 217% |
| Recurring financial charges65 | €25,336 | €27,191 | €116,870 | -€26,107 | €30,603 | ▲ 217% |
| Profit (loss) for the period before taxes9903 | €702,353 | €575,921 | €439,630 | €872,508 | €1.1m | ▲ 23.8% |
| Income taxes67/77 | €199,319 | €158,987 | €149,081 | €258,953 | €296,070 | ▲ 14.3% |
| Profit (loss) for the period9904 | €503,034 | €416,934 | €290,548 | €613,555 | €784,233 | ▲ 27.8% |
| Profit (loss) for the period to be appropriated9905 | €503,034 | €416,934 | €290,548 | €613,555 | €784,233 | ▲ 27.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.9m | €2.7m | €3.2m | €4.0m | ▲ 22.9% |
| Fixed assets21/28 | €998,834 | €897,475 | €871,631 | €880,015 | €797,888 | ▼ 9.3% |
| Tangible fixed assets22/27 | €998,834 | €897,475 | €871,631 | €880,010 | €797,883 | ▼ 9.3% |
| Land and buildings22 | - | €732,292 | €677,763 | €628,687 | €584,518 | ▼ 7.0% |
| Plant, machinery and equipment23 | - | €35,709 | €23,583 | €99,978 | €95,946 | ▼ 4.0% |
| Furniture and vehicles24 | - | €3,977 | €51,458 | €63,154 | €56,035 | ▼ 11.3% |
| Other tangible fixed assets26 | - | €125,497 | €118,826 | €88,191 | €61,384 | ▼ 30.4% |
| Financial fixed assets28 | - | - | - | €5 | €5 | = |
| Current assets29/58 | €1.7m | €2.0m | €1.8m | €2.4m | €3.2m | ▲ 34.8% |
| Amounts receivable after more than one year29 | - | €250,000 | €100,000 | €100,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €250,000 | €100,000 | €100,000 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €388,783 | €410,055 | €400,274 | €453,122 | €465,419 | ▲ 2.7% |
| Stocks30/36 | - | €410,055 | €400,274 | €453,122 | €465,419 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €227,375 | €192,568 | €206,359 | €253,664 | €247,427 | ▼ 2.5% |
| Trade receivables40 | - | €147,143 | €186,359 | €250,880 | €144,502 | ▼ 42.4% |
| Other amounts receivable41 | - | €45,425 | €20,000 | €2,784 | €102,925 | ▲ 3,597% |
| Current investments50/53 | €0 | €470,809 | €599,761 | €1.4m | €1.3m | ▼ 6.6% |
| Cash at bank and in hand54/58 | €962,766 | €628,088 | €511,552 | €163,021 | €1.2m | ▲ 619% |
| Deferred charges and accrued income490/1 | - | €1,125 | €750 | €1,426 | €3,428 | ▲ 140% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.9m | €2.7m | €3.2m | €4.0m | ▲ 22.9% |
| Equity10/15 | €985,704 | €1.0m | €1.2m | €1.7m | €2.4m | ▲ 43.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €967,104 | €1.0m | €1.2m | €1.6m | €2.4m | ▲ 43.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €56,250 | €56,250 | €56,250 | €56,250 | = |
| Distributable reserves133 | - | €947,747 | €1.1m | €1.6m | €2.3m | ▲ 45.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.7m | €1.8m | €1.5m | €1.6m | €1.6m | ▲ 1.4% |
| Amounts payable after more than one year17 | €449,572 | €391,429 | €332,317 | €272,219 | €211,119 | ▼ 22.4% |
| Financial debts170/4 | - | €391,429 | €332,317 | €272,219 | €211,119 | ▼ 22.4% |
| Amounts payable within one year42/48 | €1.2m | €1.4m | €1.1m | €1.3m | €1.4m | ▲ 6.1% |
| Current portion of amounts payable after more than one year42 | - | €58,143 | €59,112 | €60,098 | €61,100 | ▲ 1.7% |
| Trade debts44 | €631,761 | €551,294 | €538,083 | €683,809 | €627,901 | ▼ 8.2% |
| Suppliers440/4 | - | €551,294 | €538,083 | €683,809 | €627,901 | ▼ 8.2% |
| Advances received on contracts in progress46 | - | €1,750 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €81,586 | €51,294 | €156,451 | €258,609 | ▲ 65.3% |
| Taxes450/3 | - | €55,886 | €24,300 | €121,731 | €230,795 | ▲ 89.6% |
| Remuneration and social security454/9 | - | €25,700 | €26,994 | €34,720 | €27,814 | ▼ 19.9% |
| Other amounts payable47/48 | - | €727,172 | €479,241 | €394,409 | €425,906 | ▲ 8.0% |
| Accrued charges and deferred income492/3 | - | €14,289 | €16,066 | €20,052 | €24,200 | ▲ 20.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €503,034 | €416,934 | €290,548 | €613,555 | €784,233 | ▲ 27.8% |
| + Depreciation and write-downs630 | €165,053 | €133,672 | €115,503 | €104,927 | €123,572 | ▲ 17.8% |
| Operating cash flow (approximation) | €668,087 | €550,605 | €406,051 | €718,482 | €907,805 | ▲ 26.4% |
| Investment in fixed assets (approximation) | - | -€32,313 | -€89,659 | -€113,311 | -€41,445 | ▲ 63.4% |
| Change in cash | - | -€334,678 | -€116,536 | -€348,531 | €1.0m | ▲ 390% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €784,233 ▲27.8%
Operating result €909,259, net result €784,233, both a record.
31-12
Financial
Equity above €2mEq €2.4m ▲43.4%
7 profitable years in a row build equity to €2.4m.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1mEq €1.0m ▲3.9%
4 profitable years in a row build equity to €1.0m.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €222,733 ▼31.5%
Net result drops to €222,733, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB 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, Ingelmunster · 1 establishment unit since 1990
Ground area
7,018 m²
Building footprint
3,561 m²
Volume, LiDAR
19,571 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
KRUICO BVBA
since 19902.049.928.318
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013C0361/00X000 | Flanders | 4,889 m² | 1 · 2,381 m² | 7.6 m · 2 fl. |
| 36007B0950/00X004 | Flanders | 2,129 m² | 1 · 1,180 m² | 5.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 2 entries · 2,990 EUR awarded · 2,990 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 2,990 EUR | 2,990 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyBeveren-Kruibeke-Zwijndrecht2.049.928.318
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 1,350 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 (pre-2019)
Founded26-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441650304
Registered
30-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.