Krulsnor
ActiveSummary
Krulsnor has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €118,058 and a net result of €584. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▼-53
Solvency84▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.28 against 4.28 in 2023; short-term debt: 40.7% of total assets), and 40.7% 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
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-03-2026, 226 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
226 d late
2023
588 d late
2022
92 d late
2021
101 d late
2020
86 d late
2019
41 d late
← 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 189 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€4,132
EBIT margin
32.2%
Net result
€584▼ 97.8%
2023 · €25,979
Working capital
€103,862▼ 9.0%
2023 · €114,143
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Turnover
Operating result€34,529▼ 2.1%€17,037▼ 50.7%€6,346▼ 62.8%€43,599▲ 587%€3,725▼ 91.5%
Net result€26,375within the sector's middle half▼ 2.8%€11,211within the sector's middle half▼ 57.5%€2,043within the sector's middle half▼ 81.8%€25,979within the sector's middle half▲ 1,171%€584within the sector's middle half▼ 97.8%
EBIT margin
Equity€78,241within the sector's middle half▲ 26.5%€89,452within the sector's middle half▲ 14.3%€91,495within the sector's middle half▲ 2.3%€117,474within the sector's middle half▲ 28.4%€118,058within the sector's middle half▲ 0.5%
Total assets€119,713below the sector's middle half▲ 33.2%€132,253below the sector's middle half▲ 10.5%€152,268within the sector's middle half▲ 15.1%€152,238within the sector's middle half=€199,113within the sector's middle half▲ 30.8%
Debt€41,473▲ 48.0%€42,801▲ 3.2%€60,773▲ 42.0%€34,764▼ 42.8%€81,056▲ 133%
Working capital€72,767▲ 30.3%€84,627▲ 16.3%€88,256▲ 4.3%€114,143▲ 29.3%€103,862▼ 9.0%
Solvency65.4%above the sector's middle half▼ 3.5pp67.6%above the sector's middle half▲ 2.3pp60.1%within the sector's middle half▼ 7.5pp77.2%above the sector's middle half▲ 17.1pp59.3%within the sector's middle half▼ 17.9pp
Staff (FTE)0.81.7▲ 113%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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
The operating result falls in 2024; 2024 is 91% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €199,113
Fixed assets
€14,196 ▲ 326%
Current assets
€184,918 ▲ 24.2%
Equity and liabilities €199,113
Equity
€118,058 ▲ 0.5%
Debt
€81,056 ▲ 133%
Debt's share of the balance-sheet total rises from 22.8% to 40.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4,880▼
2023 · €44,653
Cash flow
€1,739▼
2023 · €27,033
Current ratio
2.28▼
2023 · 4.28
Debt to equity
0.69▲
2023 · 0.30
ROE
0.5%▼
2023 · 22.1%
ROA
0.3%▼
2023 · 17.1%
Interest coverage
2.15▼
2023 · 10.63
Debt ≤ 1 year
€81,056▲
2023 · €34,764
Income taxes
€1,125▼
2023 · €14,236
Staff costs
€43,764▲
2023 · €41,575
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 16,986 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €21,561 | €32,384 | €41,575 | €43,764 | ▲ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,621 | €2,736 | €2,605 | €1,054 | €1,155 | ▲ 9.5% |
| Other operating charges640/8 | - | €191 | €692 | €993 | €832 | ▼ 16.2% |
| Gross operating margin9900 | €37,863 | €41,525 | €42,026 | €87,222 | €49,476 | ▼ 43.3% |
| Operating profit (loss)9901 | €34,529 | €17,037 | €6,346 | €43,599 | €3,725 | ▼ 91.5% |
| Financial income75/76B | - | €234 | €10 | €818 | €256 | ▼ 68.6% |
| Recurring financial income75 | €191 | €234 | €10 | €818 | €256 | ▼ 68.6% |
| Financial charges65/66B | - | €762 | €3,131 | €4,202 | €2,273 | ▼ 45.9% |
| Recurring financial charges65 | €1,359 | €762 | €3,131 | €4,202 | €2,273 | ▼ 45.9% |
| Profit (loss) for the period before taxes9903 | €33,361 | €16,509 | €3,224 | €40,215 | €1,709 | ▼ 95.8% |
| Income taxes67/77 | €6,986 | €5,298 | €1,181 | €14,236 | €1,125 | ▼ 92.1% |
| Profit (loss) for the period9904 | €26,375 | €11,211 | €2,043 | €25,979 | €584 | ▼ 97.8% |
| Profit (loss) for the period to be appropriated9905 | €26,375 | €11,211 | €2,043 | €25,979 | €584 | ▼ 97.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119,713 | €132,253 | €152,268 | €152,238 | €199,113 | ▲ 30.8% |
| Fixed assets21/28 | €5,473 | €4,825 | €3,240 | €3,331 | €14,196 | ▲ 326% |
| Tangible fixed assets22/27 | €5,473 | €4,825 | €3,240 | €3,331 | €3,086 | ▼ 7.4% |
| Plant, machinery and equipment23 | - | €4,190 | €2,765 | €3,016 | €2,931 | ▼ 2.8% |
| Furniture and vehicles24 | - | €635 | €475 | €315 | €155 | ▼ 50.7% |
| Financial fixed assets28 | - | - | - | - | €11,109 | - |
| Current assets29/58 | €114,240 | €127,428 | €149,028 | €148,907 | €184,918 | ▲ 24.2% |
| Amounts receivable within one year40/41 | €113,946 | €124,555 | €146,725 | €147,564 | €184,017 | ▲ 24.7% |
| Trade receivables40 | - | €8,065 | €23,814 | €18,924 | €17,135 | ▼ 9.5% |
| Other amounts receivable41 | - | €116,490 | €122,911 | €128,640 | €166,883 | ▲ 29.7% |
| Cash at bank and in hand54/58 | €15 | €1,729 | €630 | €14 | - | - |
| Deferred charges and accrued income490/1 | - | €1,144 | €1,673 | €1,329 | €900 | ▼ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119,713 | €132,253 | €152,268 | €152,238 | €199,113 | ▲ 30.8% |
| Equity10/15 | €78,241 | €89,452 | €91,495 | €117,474 | €118,058 | ▲ 0.5% |
| Contributions10/11 | - | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Reserves13 | €72,035 | €83,246 | €85,290 | €111,269 | €111,852 | ▲ 0.5% |
| 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 | = |
| Distributable reserves133 | - | €81,386 | €83,430 | €109,409 | €109,992 | ▲ 0.5% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €41,473 | €42,801 | €60,773 | €34,764 | €81,056 | ▲ 133% |
| Amounts payable within one year42/48 | €41,473 | €42,801 | €60,773 | €34,764 | €81,056 | ▲ 133% |
| Trade debts44 | €14,558 | €27,810 | €32,565 | €10,334 | €23,966 | ▲ 132% |
| Suppliers440/4 | - | €27,810 | €32,565 | €10,334 | €23,966 | ▲ 132% |
| Taxes, remuneration and social security45 | - | €14,991 | €28,207 | €24,430 | €57,090 | ▲ 134% |
| Taxes450/3 | - | €13,369 | €12,204 | €16,102 | €21,580 | ▲ 34.0% |
| Remuneration and social security454/9 | - | €1,622 | €16,004 | €8,328 | €35,509 | ▲ 326% |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,375 | €11,211 | €2,043 | €25,979 | €584 | ▼ 97.8% |
| + Depreciation and write-downs630 | €2,621 | €2,736 | €2,605 | €1,054 | €1,155 | ▲ 9.5% |
| Operating cash flow (approximation) | €28,996 | €13,946 | €4,648 | €27,033 | €1,739 | ▼ 93.6% |
| Investment in fixed assets (approximation) | - | -€2,087 | -€1,020 | -€1,146 | -€12,019 | ▼ 949% |
| Change in cash | - | €1,714 | -€1,099 | -€616 | - | - |
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
2026
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 226 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 588 days late
2023
31-12
Financial
Equity above €100,000Eq €117,474 ▲28.4%
5 profitable years in a row build equity to €117,474.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Back to profitnet €27,132
Net result €27,132 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 904 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Kortemark · 1 establishment unit since 1993
Ground area
2,603 m²
Building footprint
131 m²
Volume, LiDAR
741 m³
Parcel 32011C0845/00D000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Koutermolenstraat 68, 8610 Kortemark
since 19932.060.420.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011C0845/00D000 | Flanders | 2,603 m² | 1 · 131 m² | 7.7 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.
Similar companies · same sector, comparable size
Citycomfort
BE 0560.936.944
Sint-Jans-Molenbeek · Eq €118,089
IMMO 5 INVEST
BE 0641.653.218
Gerpinnes · Eq €118,109
IMMO J.M.
BE 0441.915.172
Heist-op-den-Berg · Eq €117,995
Tobcoo
BE 0542.572.567
Herent · Eq €118,199
VANDENDRIESSCHE BOUWCOÖRDINATIE
BE 0749.525.037
Zedelgem · Eq €118,259
Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,353 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
Founded15-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41002Construction of residential and non-residential buildings
43221Plumbing work
43320Joinery installation
43410Roofing work
68110Buying and selling of own real estate
Contact
E-mail
adegheldere@telenet.beKortemark
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448860669
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.