KUMETCO
ActiveKUMETCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €413k and a net result of €37k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▲+4
Solvency53▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.09 in 2023; short-term debt: 48.7% and cash: 5.8% of total assets), and 71.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
61 d late
2022
58 d late
2021
75 d late
2020
88 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€413k▲ 9.7%
2023 · €377k
2018: €222k
2019: €258k
2020: €276k
2021: €334k
2022: €368k
2023: €377k
2018 → 2024
Total assets
€1.47M▼ 14.5%
2023 · €1.72M
2018: €1.24M
2019: €1.11M
2020: €1.23M
2021: €1.81M
2022: €1.71M
2023: €1.72M
2018 → 2024
Net result
€37k▲ 316%
2023 · €9k
2018: €13k
2019: €36k
2020: €18k
2021: €58k
2022: €34k
2023: €9k
2018 → 2024
Working capital
€93k▲ 7.8%
2023 · €86k
2018: €186k
2019: €177k
2020: €131k
2021: €2k
2022: €-50k
2023: €86k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€276k-€334k▲ 20.9%€368k▲ 10.2%€377k▲ 2.4%€413k▲ 9.7%
Operating result€35k-€82k▲ 134%€64k▼ 21.9%€46k▼ 28.7%€98k▲ 115%
Net result€18k-€58k▲ 219%€34k▼ 41.2%€9k▼ 74.2%€37k▲ 316%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 115% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.47M
Fixed assets
€660k▼ 7.9%
Current assets
€807k▼ 19.2%
Equity and liabilities €1.47M
Equity
€413k▲ 9.7%
Provisions
€52k=
Debt
€1.00M▼ 22.1%
The debt ratio falls from 75.0% to 68.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€246k▲
2023 · €188k
Cash flow
€184k▲
2023 · €151k
Solvency
28.1%▲
2023 · 21.9%
Current ratio
1.13▲
2023 · 1.09
Quick ratio
0.55▲
2023 · 0.51
Debt / equity
2.43▼
2023 · 3.42
ROE
8.8%▲
2023 · 2.3%
ROA
2.5%▲
2023 · 0.5%
Interest coverage
4.92▲
2023 · 4.73
Debt
€1.00M▼
2023 · €1.29M
Debt ≤ 1 year
€714k▼
2023 · €913k
Debt > 1 year
€279k▼
2023 · €364k
Income taxes
€16k▲
2023 · €7k
Staff costs
€195k▼
2023 · €197k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.72M€1.47M▼
Fixed assets21/28€717k€660k▼
Tangible fixed assets22/27€697k€640k▼
Land and buildings22€418k€369k▼
Plant, machinery and equipment23€46k€101k▲
Furniture and vehicles24€233k€171k▼
Financial fixed assets28€20k€20k=
Current assets29/58€999k€807k▼
Stocks and contracts in progress3€530k€416k▼
Stocks30/36€530k€416k▼
Amounts receivable within one year40/41€330k€303k▼
Trade receivables40€258k€225k▼
Other amounts receivable41€72k€78k▲
Cash at bank and in hand54/58€136k€85k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.72M€1.47M▼
Equity10/15€377k€413k▲
Contributions10/11€62k€62k=
Reserves13€247k€284k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€241k€278k▲
Profit (loss) carried forward14€67k€67k=
Provisions and deferred taxes16€52k€52k=
Provisions for liabilities and charges160/5€52k€52k=
Pensions and similar obligations160€52k€52k=
Amounts payable17/49€1.29M€1.00M▼
Amounts payable after more than one year17€364k€279k▼
Financial debts170/4€364k€279k▼
Amounts payable within one year42/48€913k€714k▼
Current portion of amounts payable after more than one year42€376k€389k▲
Trade debts44€432k€187k▼
Suppliers440/4€432k€187k▼
Taxes, remuneration and social security45€20k€48k▲
Taxes450/3€9k€37k▲
Remuneration and social security454/9€12k€11k▼
Other amounts payable47/48€84k€90k▲
Accrued charges and deferred income492/3€10k€9k▼
Income statement
Code20232024
Remuneration, social security and pensions62€197k€195k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€147k▲
Other operating charges640/8€11k€10k▼
Gross operating margin9900€397k€451k▲
Operating profit (loss)9901€46k€98k▲
Financial income75/76B€9k€4k▼
Recurring financial income75€7k€4k▼
Non-recurring financial income76B€3k-
Financial charges65/66B€40k€50k▲
Recurring financial charges65€40k€50k▲
Profit (loss) for the period before taxes9903€16k€53k▲
Income taxes67/77€7k€16k▲
Profit (loss) for the period9904€9k€37k▲
Profit (loss) for the period to be appropriated9905€9k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€104k▲
Profit (loss) brought forward from the previous period14P€67k€67k=
Transfer to equity691/2€9k€37k▲
To other reserves6921€9k€37k▲
Social balance
Average headcount (FTE)90872.92.8▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €9k ▼74.2%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 58 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 75 days late
2021
31-12
Financial
Highest result since 2018net €58k ▲219%
Net result €58k, the highest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merelbeke-Melle · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsesteenweg 1279090 Merelbeke-MelleGround area
3,453 m²
Building footprint
496 m²
Volume, LiDAR
2,132 m³
Parcel 44402A0162/00V005, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brusselsesteenweg 127, 9090 Merelbeke-Melle
since 20012.081.444.806
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402A0162/00V005 | Flanders | 3,453 m² | 1 · 496 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 · 1 entry · 1,232 EUR awarded · 1,232 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,232 EUR | 1,232 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 806 companies in sector 46610 we hold annual accounts for 566. 472 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-04-1997
Fiscal year end31-12
Activities, NACEBEL
28300Manufacture of machinery and equipment not elsewhere classified
46610Wholesale trade
25110Manufacture of metal structures and parts of structures
28110
33120Repair and maintenance of machinery
46712Wholesale trade
45192
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95313Repair and fitting of specific motor vehicle parts
46180Agents specialised in the wholesale of other particular products
80421
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.