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VAN KELST & CO

Active
Public limited companyfounded 200323 yrs activeEliksemstraat 26, 3400 Landen, BelgiumKBO/BCE: BE 0479.801.887
Summary

VAN KELST & CO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115,667 and a net result of €141,690. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 45% of 2534 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
VAN KELST & COActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Other education
NACE 85599Business and other management consultancy NACE 70200Business consulting NACE 70220
1 site
Size
€303,598total assets 2025
Staff
1 FTE
Equity
€115,667
Profit
€141,690
Turnover not published (abridged schema)
Financial health
95 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Largest shareholder
FYR · 16%
Board
2 members
Accounts 32 d early1 of 8 deeds read
Why 95- Figures for FY 2025 (filed 30-09-2025)+ Liquidity: current ratio 1.69, cash €171,357+ Sector Education (NACE 85)+ Size: total assets €303,598Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 59% of its sector peers (NACE 85, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 63-18
equity 38.1% of total assets
Liquidity 70-9
short-term debt 58.4% · cash 56.4%
Profitability 100+7
return on assets 46.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (3,782 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%● 0.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%▼ -4.3% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%● 0.0% vs 05-2025 07-2025: < 0.1%● 0.0% vs 06-2025 08-2025: < 0.1%▼ -4.5% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%▲ +52.4% 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%▲ +3.1% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%▼ -3.0% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%▼ -3.1% vs 08-2026 10-2026: < 0.1%▲ +22.6% vs 09-2026highest value
  • Liquidity: current ratio 1.69, cash €171,357 lowers the probability
  • Sector Education (NACE 85) lowers the probability
  • Size: total assets €303,598 lowers the probability for this profile
  • Figures for FY 2025 (filed 30-09-2025) raises the probability
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 2.28 in 2024; short-term debt: 58.4% and cash: 56.4% of total assets), but 61.9% 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 85, micro). Better than this share of them on solvency 44%, liquidity 59%, profitability 90%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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
lowers risk · Liquidity: current ratio 1.69, cash €171,357
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Sector Education (NACE 85)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Size: total assets €303,598
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Figures for FY 2025 (filed 30-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 d early
2024
6 d early
2023
36 d early
2022
35 d early
2021
9 d early
2020
36 d early
2019
34 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 29 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close05-10-2026 today31-10-2026 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. Resignation: BV KHEIRON INVEST (non-statutory director)Permanent representatives: Philip Van Kelst…
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Result rose in 2025from €39,315 to €141,690 ▲ 260% View
  • Positive: Among the best 5% on net resultsector median €7,281 · 2,536 companies €141,690 View
  • Board changedlatest change 01-04-2026 · 2 in office 2 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €141,690 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€303,598
Profit
€141,690
Solvency
38.1%
Total assets▲ 47.0%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2016
Next accounts
by 31-10-2026
  1. 09-07-2026Resignation: BV KHEIRON INVEST (non-statutory director)
  2. 29-09-2025Annual accounts filed
  3. 25-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other educationNACE 85599
Founded
19-03-2003
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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