Scheepsherstellingen Ketels
ActiveScheepsherstellingen Ketels has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €456k and a net result of €59k. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+1
Solvency41▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 3.65 in 2024; short-term debt: 34% and cash: 9.1% of total assets), but 84% 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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
16%
Return on assets
2.1%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 479 sector peers (2025).
NBB · sector comparisonPosition among 479 sector peers
Solvency
better than 22%
← 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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
29 d early
2023
30 d early
2022
32 d early
2021
33 d early
2020
52 d early
2019
37 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€456k▲ 14.8%
2024 · €397k
2018: €24k
2019: €27k
2020: €145k
2021: €215k
2022: €270k
2023: €373k
2024: €397k
2018 → 2025
Total assets
€2.84M▲ 31.6%
2024 · €2.16M
2018: €127k
2019: €137k
2020: €880k
2021: €2.44M
2022: €2.31M
2023: €2.27M
2024: €2.16M
2018 → 2025
Net result
€59k▲ 149%
2024 · €24k
2018: €3k
2019: €4k
2020: €16k
2021: €70k
2022: €55k
2023: €103k
2024: €24k
2018 → 2025
Working capital
€862k▲ 2.1%
2024 · €844k
2018: €-66k
2019: €-31k
2020: €385k
2021: €854k
2022: €780k
2023: €843k
2024: €844k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€215k-€270k▲ 25.6%€373k▲ 38.2%€397k▲ 6.3%€456k▲ 14.8%
Operating result€89k-€69k▼ 21.9%€124k▲ 79.4%€51k▼ 59.2%€101k▲ 99.2%
Net result€70k-€55k▼ 21.7%€103k▲ 87.4%€24k▼ 77.1%€59k▲ 149%
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 2025; 2025 is 99% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.84M
Fixed assets
€1.01M▲ 1.8%
Current assets
€1.83M▲ 57.1%
Equity and liabilities €2.84M
Equity
€456k▲ 14.8%
Debt
€2.38M▲ 35.4%
The debt ratio rises from 81.6% to 84.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€215k▲
2024 · €153k
Cash flow
€173k▲
2024 · €126k
Solvency
16.0%▼
2024 · 18.4%
Current ratio
1.89▼
2024 · 3.65
Quick ratio
1.42▼
2024 · 2.55
Debt / equity
5.23▲
2024 · 4.43
ROE
12.9%▲
2024 · 5.9%
ROA
2.1%▲
2024 · 1.1%
Interest coverage
7.23▲
2024 · 6.77
Debt
€2.38M▲
2024 · €1.76M
Debt ≤ 1 year
€965k▲
2024 · €319k
Debt > 1 year
€1.41M▼
2024 · €1.44M
Income taxes
€20k▲
2024 · €9k
Staff costs
€680k▲
2024 · €611k
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€2.16M€2.84M▲
Fixed assets21/28€994k€1.01M▲
Intangible fixed assets21€66k€144k▲
Tangible fixed assets22/27€927k€867k▼
Plant, machinery and equipment23€920k€843k▼
Furniture and vehicles24€7k€23k▲
Financial fixed assets28€322€322=
Current assets29/58€1.16M€1.83M▲
Stocks and contracts in progress3€351k€453k▲
Stocks30/36€351k€453k▲
Amounts receivable within one year40/41€406k€1.09M▲
Trade receivables40€271k€963k▲
Other amounts receivable41€135k€128k▼
Current investments50/53€3k€15k▲
Cash at bank and in hand54/58€376k€260k▼
Deferred charges and accrued income490/1€28k€9k▼
Equity and liabilities
Total equity and liabilities10/49€2.16M€2.84M▲
Equity10/15€397k€456k▲
Contributions10/11€120k€120k=
Reserves13€277k€335k▲
Distributable reserves133€277k€335k▲
Amounts payable17/49€1.76M€2.38M▲
Amounts payable after more than one year17€1.44M€1.41M▼
Financial debts170/4€1.44M€1.41M▼
Amounts payable within one year42/48€319k€965k▲
Current portion of amounts payable after more than one year42-€49k
Financial debts43-€250k
Credit institutions430/8-€250k
Trade debts44€205k€488k▲
Suppliers440/4€205k€488k▲
Taxes, remuneration and social security45€57k€68k▲
Taxes450/3€15€15=
Remuneration and social security454/9€57k€68k▲
Other amounts payable47/48€57k€110k▲
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€611k€680k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€114k▲
Other operating charges640/8€11k€11k▲
Gross operating margin9900€775k€906k▲
Operating profit (loss)9901€51k€101k▲
Financial income75/76B€5k€8k▲
Recurring financial income75€5k€8k▲
Financial charges65/66B€23k€30k▲
Recurring financial charges65€23k€30k▲
Profit (loss) for the period before taxes9903€33k€79k▲
Income taxes67/77€9k€20k▲
Profit (loss) for the period9904€24k€59k▲
Profit (loss) for the period to be appropriated9905€24k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€59k▲
Transfer to equity691/2€24k€59k▲
To other reserves6921€24k€59k▲
Social balance
Average headcount (FTE)908710.49.7▼
The notes to these accounts (20 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €103k ▲87.4%
Operating result €124k, net result €103k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €215k ▲48.6%
4 profitable years in a row build equity to €215k.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 2.16
Current ratio from 0.72 to 2.16.
31-12
Financial
Equity above €100kEq €145k ▲432%
3 profitable years in a row build equity to €145k.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
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.
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, Gent · 1 establishment unit since 2014
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.
Voorhavenlaan 849000 GentGround area
412 m²
Parcel 44021A3432/00F003, Flanders. Linked by address, not a title deed.
1 establishment unit
Voorhavenlaan 84, 9000 Gent
since 20142.236.597.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3432/00F003 | Flanders | 412 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 60 EUR awarded · 60 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 298 companies in sector 33150 we hold annual accounts for 159. 120 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-10-2014
Fiscal year end31-12
Activities, NACEBEL
33150Repair, maintenance and installation of machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 11 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.