KURT LEYS
ActiveSummary
KURT LEYS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €500,942 and a net result of €98,749. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 8061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
What they do
Floor and wall tiling
NACE 43331NACE 45431
1 site
How big
€2.7mtotal assets 2025
- Staff
- 10.4 FTE
- Equity
- €500,942
- Profit
- €98,749
Turnover not published (abridged schema)
Who decides
- Largest shareholder
- B Leys Invest · 12%
Accounts 3 d early0 of 2 deeds read
Why 60- Higher-failure-rate sector- Weak solvency vs sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-2
Solvency43▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.98 in 2024; short-term debt: 41.5% and cash: 4.7% of total assets), and 81.6% 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
18.4%
Return on assets
3.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 8061 sector peers (2025).
NBB · sector comparisonPosition among 8061 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
1 d early
2022
on the day
2021
4 d early
2020
33 d early
2019
22 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 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Equity above €500,000Eq €500,693 ▲12.3%
Financials
Fiscal year 2025Total assets €2.7mProfit €98,749Solvency 18.4%Liquidity 0.71
Total assets
€2.7m▼ 10.7%
2018 - 2025
Net result
€98,749▼ 31.8%
2018 - 2025
Equity
€500,942=
2018 - 2025
Staff (FTE)
10.4▼ 3.7%
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.1m▲ 97.7%€0.3m▲ 99.4%€0.3m▲ 9.8%€0.2m▼ 34.4%€0.2m▼ 27.3%
Net result€0.1mwithin the sector's middle half▲ 115%€0.3mabove the sector's middle half▲ 124%€0.3mabove the sector's middle half▲ 8.4%€0.1mabove the sector's middle half▼ 47.1%€0.1mwithin the sector's middle half▼ 31.8%
Equity€0.4mwithin the sector's middle half▲ 40.4%€0.5mwithin the sector's middle half▲ 19.9%€0.4mwithin the sector's middle half▼ 5.2%€0.5mwithin the sector's middle half▲ 12.3%€0.5mwithin the sector's middle half=
Total assets€1.9mabove the sector's middle half▼ 8.6%€2.7mabove the sector's middle half▲ 39.5%€3.6mabove the sector's middle half▲ 33.4%€3.1mabove the sector's middle half▼ 15.0%€2.7mabove the sector's middle half▼ 10.7%
Debt€1.5m▼ 16.1%€2.2m▲ 44.5%€3.1m▲ 41.6%€2.6m▼ 18.8%€2.2m▼ 12.8%
Working capital-€0.1mbelow the sector's middle half▲ 64.8%-€0.08mbelow the sector's middle half▲ 45.3%-€0.3mbelow the sector's middle half▼ 287%-€0.02mbelow the sector's middle half▲ 93.0%-€0.3mbelow the sector's middle half▼ 1,517%
Solvency20.3%below the sector's middle half▲ 7.1pp17.5%below the sector's middle half▼ 2.9pp12.4%below the sector's middle half▼ 5.1pp16.4%below the sector's middle half▲ 4.0pp18.4%below the sector's middle half▲ 2.0pp
Current ratio0.82below the sector's middle half▲ 0.200.91below the sector's middle half▲ 0.090.82below the sector's middle half▼ 0.090.98below the sector's middle half▲ 0.160.71below the sector's middle half▼ 0.27
Return on assets (ROA)5.9%within the sector's middle half▲ 3.4pp9.4%within the sector's middle half▲ 3.5pp7.6%within the sector's middle half▼ 1.8pp4.7%within the sector's middle half▼ 2.9pp3.6%within the sector's middle half▼ 1.1pp
Staff (FTE)8.1within the sector's middle half▼ 13.8%10.5above the sector's middle half▲ 29.6%10.7above the sector's middle half▲ 1.9%10.8above the sector's middle half▲ 0.9%10.4above the sector's middle half▼ 3.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€1.9m ▼ 3.9%
Current assets
€801,915 ▼ 23.6%
Equity and liabilities €2.7m
Equity
€500,942 =
Debt
€2.2m ▼ 12.8%
Debt's share of the balance-sheet total falls from 83.6% to 81.6%. Debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€503,531▼
2024 · €547,509
Cash flow
€447,800▼
2024 · €479,654
Quick ratio
0.23▼
2024 · 0.31
Debt to equity
4.44▼
2024 · 5.10
ROE
19.7%▼
2024 · 28.9%
Interest coverage
7.80▲
2024 · 7.49
Debt ≤ 1 year
€1.1m▲
2024 · €1.1m
Debt > 1 year
€1.1m▼
2024 · €1.5m
Income taxes
€1,747▼
2024 · €2,330
Staff costs
€773,780▲
2024 · €752,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 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% | 1.8% |
| 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 4,105 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.5m | €0.7m | €0.7m | €0.8m | €0.8m | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0.002m | €0 | - | - | - |
| Other operating charges640/8 | €0.02m | €0.01m | €0.01m | €0.03m | €0.004m | ▼ 87.8% |
| Gross operating margin9900 | €0.8m | €1.2m | €1.3m | €1.3m | €1.3m | ▼ 3.7% |
| Operating profit (loss)9901 | €0.1m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 27.3% |
| Financial income75/76B | €0.007m | €0.008m | €0.007m | €0.008m | €0.01m | ▲ 39.3% |
| Recurring financial income75 | €0.007m | €0.008m | €0.007m | €0.008m | €0.01m | ▲ 39.3% |
| Financial charges65/66B | €0.03m | €0.04m | €0.06m | €0.07m | €0.06m | ▼ 11.7% |
| Recurring financial charges65 | €0.03m | €0.04m | €0.06m | €0.07m | €0.06m | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.3m | €0.3m | €0.1m | €0.1m | ▼ 31.7% |
| Income taxes67/77 | €0.01m | €0.009m | €0.001m | €0.002m | €0.002m | ▼ 25.0% |
| Profit (loss) for the period9904 | €0.1m | €0.3m | €0.3m | €0.1m | €0.1m | ▼ 31.8% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.3m | €0.3m | €0.1m | €0.1m | ▼ 31.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.7m | €3.6m | €3.1m | €2.7m | ▼ 10.7% |
| Fixed assets21/28 | €1.3m | €1.9m | €2.2m | €2.0m | €1.9m | ▼ 3.9% |
| Intangible fixed assets21 | €0.002m | €0.003m | €0.001m | €0.006m | €0.004m | ▼ 41.0% |
| Tangible fixed assets22/27 | €1.3m | €1.9m | €2.2m | €2.0m | €1.9m | ▼ 3.8% |
| Land and buildings22 | €0.7m | €1.0m | €1.2m | €1.1m | €1.0m | ▼ 12.6% |
| Plant, machinery and equipment23 | €0.5m | €0.6m | €0.7m | €0.6m | €0.6m | ▲ 5.2% |
| Furniture and vehicles24 | €0.05m | €0.08m | €0.1m | €0.1m | €0.1m | ▲ 1.1% |
| Leasing and similar rights25 | €0.05m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 15.7% |
| Other tangible fixed assets26 | - | - | - | - | €0.06m | - |
| Financial fixed assets28 | - | €0.002m | €0 | - | - | - |
| Current assets29/58 | €0.6m | €0.8m | €1.4m | €1.0m | €0.8m | ▼ 23.6% |
| Stocks and contracts in progress3 | €0.2m | €0.3m | €0.5m | €0.7m | €0.5m | ▼ 25.0% |
| Stocks30/36 | €0.2m | €0.3m | €0.5m | €0.7m | €0.5m | ▼ 25.0% |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.6m | €0.1m | €0.1m | ▼ 11.2% |
| Trade receivables40 | €0.09m | €0.2m | €0.4m | €0.1m | €0.1m | ▼ 9.9% |
| Other amounts receivable41 | €0.2m | €0.2m | €0.2m | €0.002m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.1m | €0.06m | €0.2m | €0.1m | €0.1m | ▲ 13.4% |
| Deferred charges and accrued income490/1 | €0.009m | €0.02m | €0.02m | €0.07m | €0.002m | ▼ 96.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.7m | €3.6m | €3.1m | €2.7m | ▼ 10.7% |
| Equity10/15 | €0.4m | €0.5m | €0.4m | €0.5m | €0.5m | = |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.4m | €0.5m | €0.4m | €0.5m | €0.5m | ▲ 0.1% |
| Non-distributable reserves130/1 | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 0.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.5m | €2.2m | €3.1m | €2.6m | €2.2m | ▼ 12.8% |
| Amounts payable after more than one year17 | €0.7m | €1.3m | €1.4m | €1.5m | €1.1m | ▼ 26.2% |
| Financial debts170/4 | €0.7m | €1.3m | €1.4m | €1.5m | €1.1m | ▼ 26.2% |
| Amounts payable within one year42/48 | €0.7m | €0.8m | €1.7m | €1.1m | €1.1m | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 10.5% |
| Financial debts43 | €0.3m | €0 | €0.3m | €0 | - | - |
| Credit institutions430/8 | €0.3m | €0 | €0.2m | €0 | - | - |
| Other loans439 | - | - | €0.1m | €0 | - | - |
| Trade debts44 | €0.2m | €0.2m | €0.7m | €0.2m | €0.3m | ▲ 39.6% |
| Suppliers440/4 | €0.2m | €0.2m | €0.7m | €0.2m | €0.3m | ▲ 39.6% |
| Taxes, remuneration and social security45 | €0.02m | €0.09m | €0.02m | €0.02m | €0.04m | ▲ 98.5% |
| Taxes450/3 | €0.02m | €0.06m | €0.008m | €0.003m | €0.02m | ▲ 565% |
| Remuneration and social security454/9 | €0.007m | €0.03m | €0.02m | €0.02m | €0.02m | ▲ 12.5% |
| Other amounts payable47/48 | €0.1m | €0.2m | €0.4m | €0.6m | €0.5m | ▼ 4.7% |
| Accrued charges and deferred income492/3 | €0.09m | €0.04m | €0.1m | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112,908 | €252,414 | €273,699 | €144,704 | €98,749 | ▼ 31.8% |
| + Depreciation and write-downs630 | €175,338 | €222,111 | €302,394 | €334,950 | €349,051 | ▲ 4.2% |
| Operating cash flow (approximation) | €288,246 | €474,525 | €576,093 | €479,654 | €447,800 | ▼ 6.6% |
| Investment in fixed assets (approximation) | - | -€825,952 | -€609,165 | -€108,333 | -€271,134 | ▼ 150% |
| Change in cash | - | -€80,105 | €136,125 | -€78,626 | €15,136 | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
F & H DENAEYER
BE 0477.669.273
Zedelgem · Eq €501,760
RENO-K
BE 0818.141.550
Asse · Eq €498,871
ENTREPRISES PERLOT - ONDERNEMING PERLOT
BE 0422.881.396
Elsene · Eq €511,486
ROSEN Charles
BE 0444.431.234
Waimes · Eq €512,051
LES COMPAGNONS CHAUFFAGISTES
BE 0456.725.092
Bastogne · Eq €489,651
Of 3,959 companies in this sector we hold annual accounts for 1,788. 1,065 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 ownerOwners 1
-
12%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 2 Gazette acts processed.
Timeline
14 eventsLatest 28-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500,000Eq €500,693 ▲12.3%
7 profitable years in a row build equity to €500,693.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €273,699 ▲8.4%
Operating result €323,891, net result €273,699, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €52,440 ▼68.1%
Net result drops to €52,440, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €226,992 ▲42.4%
2 profitable years in a row build equity to €226,992.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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.
Support & recognitions
1 funding sourceFlanders €36,9661 register with a recognition
Flemish government
€36,966
awarded · 2022 - 2025
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €36,966 awarded · €36,966 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -€37,500 | €0 |
| 2023 | 1 | €0 | €23,667 |
| 2022 | 3 | €74,466 | €13,299 |
Recognitions · licences · registrations
Dual-learning approval
1 endedInterieurbouwer (so)
Company details
Private limited company · founded 08-02-2007Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded08-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887091526
Also
9925:BE0887091526
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Kasterlee · 1 establishment unit since 2016
Ground area
4,353 m²
Building footprint
3,620 m²
Volume, LiDAR
81 m³
Parcel 13038C0919/00A000, Flanders · tallest building 5.0 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kemelbeekstraat 41, 2460 Kasterlee
since 2016unit no. 2.255.963.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13038C0919/00A000 | Flanders | 4,353 m² | 1 · 3,620 m² | 5.0 m |
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.
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 Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check 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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.