VAN CAENEGEM - KEMEL
ActiveVAN CAENEGEM - KEMEL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €417k and a net result of €128k. Equity is growing by ~42.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 2935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▲+19
Solvency92▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.0 in 2023; short-term debt: 28.4% and cash: 22.5% of total assets), and 33.1% of the assets are financed with debt.
Credit advice for your own amount and term
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 56
Relative position
BE, all sectors
reference
Sector 56
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 2024Solvency, return and age of the figures
Solvency
66.9%
Return on assets
20.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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
not confirmed
2024
42 d late
2023
30 d late
2022
31 d late
2021
89 d late
2020
89 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€417k▲ 44.3%
2023 · €289k
2018: €58k
2019: €66k
2020: €102k
2021: €214k
2022: €260k
2023: €289k
2018 → 2024
Total assets
€622k▲ 12.6%
2023 · €553k
2018: €357k
2019: €320k
2020: €412k
2021: €521k
2022: €627k
2023: €553k
2018 → 2024
Net result
€128k▲ 339%
2023 · €29k
2018: €28k
2019: €8k
2020: €43k
2021: €113k
2022: €87k
2023: €29k
2018 → 2024
Working capital
€104k
2023 · €-1k
2018: €-57k
2019: €-69k
2020: €-19k
2021: €9k
2022: €-6k
2023: €-1k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€102k-€214k▲ 111%€260k▲ 21.2%€289k▲ 11.2%€417k▲ 44.3%
Operating result€61k-€165k▲ 170%€133k▼ 19.3%€52k▼ 60.9%€198k▲ 279%
Net result€43k-€113k▲ 164%€87k▼ 23.0%€29k▼ 66.4%€128k▲ 339%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 279% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €622k
Fixed assets
€341k▼ 2.7%
Current assets
€281k▲ 39.0%
Equity and liabilities €622k
Equity
€417k▲ 44.3%
Debt
€206k▼ 22.1%
The debt ratio falls from 47.8% to 33.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€222k▲
2023 · €75k
Cash flow
€152k▲
2023 · €52k
Solvency
66.9%▲
2023 · 52.2%
Current ratio
1.59▲
2023 · 1.00
Quick ratio
1.57▲
2023 · 0.98
Debt / equity
0.49▼
2023 · 0.91
ROE
30.7%▲
2023 · 10.1%
ROA
20.5%▲
2023 · 5.3%
Interest coverage
23.89▲
2023 · 8.57
Debt
€206k▼
2023 · €264k
Debt ≤ 1 year
€177k▼
2023 · €203k
Debt > 1 year
€29k▼
2023 · €59k
Income taxes
€63k▲
2023 · €16k
Staff costs
€172k▲
2023 · €147k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€553k€622k▲
Fixed assets21/28€351k€341k▼
Tangible fixed assets22/27€350k€341k▼
Land and buildings22€269k€269k=
Plant, machinery and equipment23€9k€11k▲
Furniture and vehicles24€13k€12k▼
Other tangible fixed assets26€59k€48k▼
Financial fixed assets28€400€400=
Current assets29/58€202k€281k▲
Amounts receivable after more than one year29€54k€53k▼
Other amounts receivable291€54k€53k▼
Stocks and contracts in progress3€4k€2k▼
Stocks30/36€4k€2k▼
Amounts receivable within one year40/41€90k€65k▼
Trade receivables40€88k€37k▼
Other amounts receivable41€2k€28k▲
Cash at bank and in hand54/58€30k€140k▲
Deferred charges and accrued income490/1€25k€20k▼
Equity and liabilities
Total equity and liabilities10/49€553k€622k▲
Equity10/15€289k€417k▲
Contributions10/11€37k€37k=
Reserves13€252k€379k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€144€144=
Distributable reserves133€249k€377k▲
Amounts payable17/49€264k€206k▼
Amounts payable after more than one year17€59k€29k▼
Financial debts170/4€59k€29k▼
Amounts payable within one year42/48€203k€177k▼
Current portion of amounts payable after more than one year42€30k€31k▲
Trade debts44€118k€39k▼
Suppliers440/4€118k€39k▼
Advances received on contracts in progress46€632-
Taxes, remuneration and social security45€53k€107k▲
Taxes450/3€34k€85k▲
Remuneration and social security454/9€19k€22k▲
Other amounts payable47/48€1k-
Accrued charges and deferred income492/3€2k€43▼
Income statement
Code20232024
Remuneration, social security and pensions62€147k€172k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€24k▲
Other operating charges640/8€7k€10k▲
Gross operating margin9900€229k€404k▲
Operating profit (loss)9901€52k€198k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€45k€191k▲
Income taxes67/77€16k€63k▲
Profit (loss) for the period9904€29k€128k▲
Profit (loss) for the period to be appropriated9905€29k€128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€128k▲
Transfer to equity691/2€29k€128k▲
To other reserves6921€29k€128k▲
Social balance
Average headcount (FTE)90873.33.9▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 42 days late
2024
31-12
Financial
Highest result since 2018net €128k ▲339%
Operating result €198k, net result €128k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Equity above €200kEq €214k ▲111%
4 profitable years in a row build equity to €214k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Equity above €100kEq €102k ▲53.3%
3 profitable years in a row build equity to €102k.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €8k ▼69.9%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 1994
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.
Albert I-Promenade 62B8400 OostendeGround area
1,902 m²
Building footprint
1,555 m²
Volume, LiDAR
33,113 m³
2 parcels, Flanders · tallest building 33.9 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
DE FOYER
since 19942.066.551.544
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1595/04K000 | Flanders | 1,253 m² | 1 · 1,160 m² | 33.9 m · 10 fl. |
| 35013A1596/00Z033 | Flanders | 650 m² | 1 · 396 m² | 28.3 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
EXPRESS1
BE 0479.267.793
Antwerpen · Eq €416k
SORO
BE 0884.997.514
Lebbeke · Eq €416k
'T KOETSHUIS RAVENHOF
BE 0475.262.881
Stabroek · Eq €416k
MISTRAL MANAGEMENT SOLUTIONS
BE 0476.613.953
Glabbeek · Eq €417k
CONDACUM
BE 0893.785.615
Kontich · Eq €418k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 6,818 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-01-1994
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55302
55401
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.