M. KASTRO
ActiveSummary
The computed 12-month bankruptcy probability of M. KASTRO is 4.0% (elevated). The 2025 annual accounts show equity of €30k and a net result of €3k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 69% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-14
Solvency100▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity ample (current ratio 5.89 against 2.76 in 2024; short-term debt: 16.9% and cash: 0% of total assets), and 16.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.1%
Return on assets
8.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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 · 7 filingsDeviation from the deadline
2025
52 d late
2024
56 d late
2023
68 d late
2022
25 d late
2021
31 d late
2020
58 d late
2019
70 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▲ 10.8%
2024 · €27k
2019: €25k
2020: €26k▲ +6.7% vs 2019
2021: €29k▲ +11.0% vs 2020
2022: €30k▲ +1.4% vs 2021highest in 7 years
2023: €19k▼ -36.9% vs 2022lowest in 7 years
2024: €27k▲ +42.7% vs 2023
2025: €30k▲ +10.8% vs 2024
2019 → 2025
Total assets
€36k▼ 14.6%
2024 · €42k
2019: €34k
2020: €89k▲ +160% vs 2019highest in 7 years
2021: €41k▼ -53.9% vs 2020
2022: €31k▼ -23.5% vs 2021
2023: €24k▼ -23.7% vs 2022lowest in 7 years
2024: €42k▲ +74.9% vs 2023
2025: €36k▼ -14.6% vs 2024
2019 → 2025
Net result
€3k▼ 63.8%
2024 · €8k
2019: €25khighest in 7 years
2020: €2k▼ -93.3% vs 2019
2021: €3k▲ +74.4% vs 2020
2022: €402▼ -86.2% vs 2021
2023: €-11k▼ -2830% vs 2022lowest in 7 years
2024: €8k▲ +173% vs 2023
2025: €3k▼ -63.8% vs 2024
2019 → 2025
Working capital
€30k▲ 11.6%
2024 · €27k
2019: €25k
2020: €26k▲ +6.7% vs 2019
2021: €25k▼ -5.6% vs 2020
2022: €27k▲ +6.9% vs 2021
2023: €18k▼ -34.5% vs 2022lowest in 7 years
2024: €27k▲ +51.7% vs 2023
2025: €30k▲ +11.6% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€30k▲ 1.4%€19k▼ 36.9%€27k▲ 42.7%€30k▲ 10.8%
2021: €29k
2022: €30k▲ +1.4% vs 2021highest in 5 years
2023: €19k▼ -36.9% vs 2022lowest in 5 years
2024: €27k▲ +42.7% vs 2023
2025: €30k▲ +10.8% vs 2024
Operating result€3k-€905▼ 70.3%€-11k€9k€4k▼ 57.9%
2021: €3k
2022: €905▼ -70.3% vs 2021
2023: €-11k▼ -1335% vs 2022lowest in 5 years
2024: €9k▲ +180% vs 2023highest in 5 years
2025: €4k▼ -57.9% vs 2024
Net result€3k-€402▼ 86.2%€-11k€8k€3k▼ 63.8%
2021: €3k
2022: €402▼ -86.2% vs 2021
2023: €-11k▼ -2830% vs 2022lowest in 5 years
2024: €8k▲ +173% vs 2023highest in 5 years
2025: €3k▼ -63.8% vs 2024
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 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€110 ▼ 60.5%
Current assets
€36k ▼ 14.2%
Equity and liabilities €36k
Equity
€30k ▲ 10.8%
Debt
€6k ▼ 59.8%
Debt's share of the balance-sheet total falls from 35.9% to 16.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €10k
Cash flow
€3k▼
2024 · €9k
Current ratio
5.89▲
2024 · 2.76
Debt to equity
0.20▼
2024 · 0.56
ROE
9.8%▼
2024 · 29.9%
ROA
8.1%▼
2024 · 19.2%
Interest coverage
13.84▼
2024 · 23.93
Debt ≤ 1 year
€6k▼
2024 · €15k
Income taxes
€1k▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€42k€36k▼
Fixed assets21/28€278€110▼
Tangible fixed assets22/27€278€110▼
Plant, machinery and equipment23€278€110▼
Current assets29/58€42k€36k▼
Amounts receivable within one year40/41€42k€35k▼
Trade receivables40€27k€26k▼
Other amounts receivable41€14k€9k▼
Cash at bank and in hand54/58€60€2▼
Deferred charges and accrued income490/1-€562
Equity and liabilities
Total equity and liabilities10/49€42k€36k▼
Equity10/15€27k€30k▲
Contributions10/11€1€1=
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€21k€24k▲
Amounts payable17/49€15k€6k▼
Amounts payable within one year42/48€15k€6k▼
Trade debts44€14k€4k▼
Suppliers440/4€14k€4k▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Remuneration and social security454/9-€300
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€168▼
Other operating charges640/8€3k€632▼
Gross operating margin9900€13k€5k▼
Operating profit (loss)9901€9k€4k▼
Financial income75/76B€737€615▼
Recurring financial income75€737€615▼
Financial charges65/66B€415€283▼
Recurring financial charges65€415€283▼
Profit (loss) for the period before taxes9903€9k€4k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€8k€3k▼
Profit (loss) for the period to be appropriated9905€8k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€24k▲
Profit (loss) brought forward from the previous period14P€13k€21k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €1k | €168 | ▼ 83.6% |
| Other operating charges640/8 | €440 | €629 | €3k | €3k | €632 | ▼ 76.2% |
| Gross operating margin9900 | €5k | €4k | €-6k | €13k | €5k | ▼ 63.8% |
| Operating profit (loss)9901 | €3k | €905 | €-11k | €9k | €4k | ▼ 57.9% |
| Financial income75/76B | €1k | €906 | €550 | €737 | €615 | ▼ 16.6% |
| Recurring financial income75 | €1k | €906 | €550 | €737 | €615 | ▼ 16.6% |
| Financial charges65/66B | €129 | €162 | €222 | €415 | €283 | ▼ 31.7% |
| Recurring financial charges65 | €129 | €162 | €222 | €415 | €283 | ▼ 31.7% |
| Profit (loss) for the period before taxes9903 | €4k | €2k | €-11k | €9k | €4k | ▼ 55.7% |
| Income taxes67/77 | €1k | €1k | €132 | €1k | €1k | ▼ 2.0% |
| Profit (loss) for the period9904 | €3k | €402 | €-11k | €8k | €3k | ▼ 63.8% |
| Profit (loss) for the period to be appropriated9905 | €3k | €402 | €-11k | €8k | €3k | ▼ 63.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41k | €31k | €24k | €42k | €36k | ▼ 14.6% |
| Fixed assets21/28 | €4k | €3k | €1k | €278 | €110 | ▼ 60.5% |
| Tangible fixed assets22/27 | €4k | €3k | €1k | €278 | €110 | ▼ 60.5% |
| Plant, machinery and equipment23 | €559 | €899 | €800 | €278 | €110 | ▼ 60.5% |
| Furniture and vehicles24 | €4k | €2k | €502 | - | - | - |
| Current assets29/58 | €37k | €28k | €23k | €42k | €36k | ▼ 14.2% |
| Amounts receivable within one year40/41 | €30k | €28k | €22k | €42k | €35k | ▼ 15.5% |
| Trade receivables40 | €13k | €17k | €11k | €27k | €26k | ▼ 4.3% |
| Other amounts receivable41 | €17k | €11k | €11k | €14k | €9k | ▼ 36.9% |
| Cash at bank and in hand54/58 | €7k | €43 | €242 | €60 | €2 | ▼ 96.7% |
| Deferred charges and accrued income490/1 | €385 | €74 | €272 | - | €562 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41k | €31k | €24k | €42k | €36k | ▼ 14.6% |
| Equity10/15 | €29k | €30k | €19k | €27k | €30k | ▲ 10.8% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | - | - | - | - |
| Reserves not available under the articles1311 | €6k | €6k | - | - | - | - |
| Distributable reserves133 | - | - | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €23k | €24k | €13k | €21k | €24k | ▲ 14.1% |
| Amounts payable17/49 | €12k | €2k | €5k | €15k | €6k | ▼ 59.8% |
| Amounts payable within one year42/48 | €12k | €2k | €5k | €15k | €6k | ▼ 59.8% |
| Trade debts44 | €11k | €290 | €3k | €14k | €4k | ▼ 70.2% |
| Suppliers440/4 | €11k | €290 | €3k | €14k | €4k | ▼ 70.2% |
| Taxes, remuneration and social security45 | €1k | €1k | €2k | €1k | €2k | ▲ 47.4% |
| Taxes450/3 | €1k | €1k | €378 | €1k | €2k | ▲ 24.8% |
| Remuneration and social security454/9 | - | - | €2k | - | €300 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €402 | €-11k | €8k | €3k | ▼ 63.8% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €1k | €168 | ▼ 83.6% |
| Operating cash flow (approximation) | €4k | €2k | €-9k | €9k | €3k | ▼ 66.0% |
| Investment in fixed assets (approximation) | - | €-758 | €-377 | €0 | €0 | - |
| Change in cash | - | €-7k | €199 | €-182 | €-58 | ▲ 68.2% |
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
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 5.89
Current ratio from 2.76 to 5.89; short-term debt falls from €15k to €6k.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Liquidity times 6current ratio 17.71
Current ratio from 3.15 to 17.71; short-term debt falls from €12k to €2k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.15
Current ratio from 1.42 to 3.15; short-term debt falls from €63k to €12k.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2018
Ground area
214 m²
Building footprint
140 m²
Volume, LiDAR
1,676 m³
2 parcels, Brussels · tallest building 16.2 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
M. KASTRO
since 20182.280.722.495
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0223/00A002 | Brussels | 133 m² | 1 · 59 m² | 10.5 m · 3 fl. |
| 21009A0376/00L003 | Brussels | 81 m² | 1 · 81 m² | 16.2 m · 5 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,562 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
Founded27-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.