PHILIPPE KAISER
ActivePHILIPPE KAISER has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.50M and a net result of €390k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+34
Solvency57▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.54 in 2024; short-term debt: 63.8% and cash: 0.1% of total assets), and 67.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
32.1%
Return on assets
5%
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 26-08-2026, 26 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
26 d late
2024
28 d late
2023
30 d late
2022
29 d late
2021
26 d late
2020
131 d late
2019
91 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€390k▲ 315%
2024 · €94k
2018: €90k
2019: €153k
2020: €346k
2021: €700k
2022: €496k
2023: €432k
2024: €94k
2018 → 2025
Working capital
€1.76M▼ 12.7%
2024 · €2.02M
2018: €20k
2019: €92k
2020: €394k
2021: €967k
2022: €1.85M
2023: €2.19M
2024: €2.02M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.78M-€2.28M▲ 27.8%€2.71M▲ 19.0%€2.61M▼ 3.9%€2.50M▼ 4.2%
Operating result€958k-€691k▼ 27.9%€753k▲ 9.0%€323k▼ 57.1%€657k▲ 103%
Net result€700k-€496k▼ 29.1%€432k▼ 12.9%€94k▼ 78.2%€390k▲ 315%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 103% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.77M
Fixed assets
€1.05M▼ 4.0%
Current assets
€6.72M▲ 16.1%
Equity and liabilities €7.77M
Equity
€2.50M▼ 4.2%
Debt
€5.27M▲ 23.3%
The debt ratio rises from 62.1% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€828k▲
2024 · €483k
Cash flow
€561k▲
2024 · €254k
Solvency
32.1%▼
2024 · 37.9%
Current ratio
1.36▼
2024 · 1.54
Quick ratio
0.04▼
2024 · 0.08
Debt / equity
2.11▲
2024 · 1.64
ROE
15.6%▲
2024 · 3.6%
ROA
5.0%▲
2024 · 1.4%
Interest coverage
6.06▲
2024 · 2.52
Debt
€5.27M▲
2024 · €4.27M
Debt ≤ 1 year
€4.95M▲
2024 · €3.77M
Debt > 1 year
€308k▼
2024 · €502k
Income taxes
€133k▲
2024 · €40k
Staff costs
€856k▼
2024 · €899k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.88M€7.77M▲
Fixed assets21/28€1.09M€1.05M▼
Tangible fixed assets22/27€1.09M€1.05M▼
Land and buildings22€1.03M€919k▼
Plant, machinery and equipment23€27k€15k▼
Furniture and vehicles24€37k€115k▲
Current assets29/58€5.79M€6.72M▲
Stocks and contracts in progress3€5.49M€6.51M▲
Stocks30/36€5.49M€6.51M▲
Amounts receivable within one year40/41€238k€140k▼
Trade receivables40€166k€68k▼
Other amounts receivable41€72k€72k▲
Cash at bank and in hand54/58€35k€11k▼
Deferred charges and accrued income490/1€28k€58k▲
Equity and liabilities
Total equity and liabilities10/49€6.88M€7.77M▲
Equity10/15€2.61M€2.50M▼
Contributions10/11€20k€20k=
Reserves13€2.49M€2.08M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132-€93k
Distributable reserves133€2.49M€1.99M▼
Profit (loss) carried forward14€94k€392k▲
Amounts payable17/49€4.27M€5.27M▲
Amounts payable after more than one year17€502k€308k▼
Financial debts170/4€502k€308k▼
Amounts payable within one year42/48€3.77M€4.95M▲
Current portion of amounts payable after more than one year42€220k€379k▲
Financial debts43€1.58M€1.55M▼
Credit institutions430/8€1.58M€1.55M▼
Trade debts44€1.62M€2.15M▲
Suppliers440/4€1.62M€2.15M▲
Advances received on contracts in progress46-€32k
Taxes, remuneration and social security45€270k€245k▼
Taxes450/3€270k€130k▼
Remuneration and social security454/9-€115k
Other amounts payable47/48€80k€599k▲
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€899k€856k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€171k▲
Other operating charges640/8€38k€33k▼
Non-recurring operating charges66A-€120
Gross operating margin9900€1.42M€1.72M▲
Operating profit (loss)9901€323k€657k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€2k€3k▲
Non-recurring financial income76B€659-
Financial charges65/66B€191k€137k▼
Recurring financial charges65€191k€137k▼
Profit (loss) for the period before taxes9903€135k€524k▲
Income taxes67/77€40k€133k▲
Profit (loss) for the period9904€94k€390k▲
Transfer to tax-exempt reserves689-€93k
Profit (loss) for the period to be appropriated9905€94k€298k▲
Appropriation of the result
Profit (loss) to be appropriated9906€526k€392k▼
Profit (loss) brought forward from the previous period14P€432k€94k▼
Transfer from equity791/2€200k€500k▲
Transfer to equity691/2€432k-
To other reserves6921€432k-
Profit to be distributed694/7€200k€500k▲
Return on contributions (dividend)694€200k€500k▲
Social balance
Average headcount (FTE)908718.016.1▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Equity above €2MEq €2.28M ▲27.8%
5 profitable years in a row build equity to €2.28M.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €700k ▲102%
Operating result €958k, net result €700k, both a record.
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 131 days late
2020
31-12
Financial
Equity above €1MEq €1.08M ▲43.5%
3 profitable years in a row build equity to €1.08M.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 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, Gouvy · 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.
Rue du Roy,Limerlé 26670 GouvyGround area
3,435 m²
Building footprint
1,315 m²
Parcel 82015B0415/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MOTOKAISER
since 20012.096.891.659
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82015B0415/00F000 | Wallonia | 3,435 m² | 1 · 1,315 m² | - |
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.
Similar companies · same sector, comparable size
NEK
BE 0476.287.321
Couvin · Eq €2.42M
MEEUSEN MOTOREN ANTWERPEN
BE 0563.613.055
Geel · Eq €2.63M
LUDWIG MOTORS
BE 0818.861.726
Geraardsbergen · Eq €2.69M
PETER D'HAESE
BE 0479.065.776
Sint-Martens-Latem · Eq €2.20M
Serneels Bikes
BE 0869.953.210
Westerlo · Eq €2.15M
Of 1,128 companies in sector 47830 we hold annual accounts for 468. 178 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2000
Fiscal year end31-12
Activities, NACEBEL
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
50400Inland freight water transport
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.