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ST. PAUL

Active
Public limited companyfounded 198541 yrs activeWeverslaan 20, 9160 Lokeren, BelgiumKBO/BCE: BE 0427.382.196
Summary

ST. PAUL has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24.3m and a net result of €1.4m. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 6016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
ST. PAULActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46331Manufacture of food products NACE 10510NACE 15510
#4 company by total assets in Lokeren, Wholesale and retail trade sector1 site
Size
€88.8mturnover 2025
Staff
25.3 FTE
Equity
€24.3m
Profit
€1.4m
Financial health
89 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
Ku & Ku INDUSTRIES · 100%
Board
1 member
Auditor: Moore AuditAccounts 14 d early
Why 89- 1 change of registered office in 24 months- Liquidity: current ratio 2.72, cash €883,203+ Founded in 1985+ Size: turnover €88.8m, 25.3 FTE, total assets €37.1mShow the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Better than 54% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 90+13
equity 65.5% of total assets
Liquidity 38+11
short-term debt 34.5% · cash 2.4%
Profitability 40-16
return on assets 3.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,373 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -4.1% vs 01-2025 03-2025: 0.1%▲ +0.9% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▲ +4.3% vs 04-2025 06-2025: 0.1%▲ +3.3% vs 05-2025 07-2025: 0.2%▲ +28.6% vs 06-2025 08-2025: 0.1%▼ -43.8% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -3.3% vs 01-2026lowest value 03-2026: 0.1%▲ +1.1% vs 02-2026 04-2026: 0.1%▲ +2.2% vs 03-2026 05-2026: 0.1%▲ +5.5% vs 04-2026 06-2026: 0.1%▲ +3.1% vs 05-2026 07-2026: 0.1%● 0.0% vs 06-2026 08-2026: 0.1%▼ -10.1% vs 07-2026 09-2026: 0.2%▲ +125% vs 08-2026highest value 10-2026: 0.2%● 0.0% vs 09-2026highest value
  • 1 change of registered office in 24 months raises the probability
  • Founded in 1985 lowers the probability for this profile
  • Liquidity: current ratio 2.72, cash €883,203 raises the probability
  • Size: turnover €88.8m, 25.3 FTE, total assets €37.1m lowers the probability for this profile
Credit up to €2,150,000 at 30 days acceptable
Liquidity ample (current ratio 2.72 against 1.96 in 2024; short-term debt: 34.5% and cash: 2.4% of total assets), and 34.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 75%, liquidity 41%, profitability 26%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Founded in 1985
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 2.72, cash €883,203
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €88.8m, 25.3 FTE, total assets €37.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
7 d early
2023
on the day
2022
32 d early
2021
71 d late
2020
19 d early
2019
38 d late
← 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 5 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Permanent representative: Dirk KuijlCorrection · Registered office clause
  2. Reappointments: Ku & Ku INDUSTRIES BV…Permanent representatives: Dirk Kuijl and…
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Positive: Among the best 8% on equitysector median €1.6m · 5,957 companies €24.3m View
  • Caution: Result fell in 2025from €3.0m to €1.4m ▼ 53.4% View
  • Positive: 8 profitable years in a rowprofit 2025: €1.4m 8 years View
  • Controlled by Ku & Ku INDUSTRIESultimately: Ku&Ku Investments BV 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Turnover
€88.8m
Profit
€1.4m
Solvency
65.5%
Turnover▲ 18.5%
Net result
20182025
Go to Financials

Timeline

Events
33
Since
2004
Next accounts
by 31-07-2027
  1. 24-09-2026Permanent representative: Dirk Kuijl
  2. 07-08-2026Reappointments: Ku & Ku INDUSTRIES BV (director)…
  3. 17-07-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46331
Founded
21-06-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Kaasproductie en kaashandel; Aankoop en verkoop van machines en voertuigen
Go to Articles of association

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 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 What other support did companies like this one receive, and it did not?Subsidies

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