Kappa Data
ActiveKappa Data has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.35M and a net result of €1.06M. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 6007 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
78
/ 100
Excellent▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability48▼-3
Solvency23▼-17
Growth52▲+17
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.28 in 2023), and 87.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 2024Solvency, return and age of the figures
Solvency
12.5%
Return on assets
3%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 6007 sector peers (2024).
NBB · sector comparisonPosition among 6007 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
26 d early
2022
28 d early
2021
45 d early
2020
40 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€65.29M▲ 40.2%
2023 · €46.57M
2022: €58.93M
2023: €46.57M
2022 → 2024
EBIT margin
2.0%▼ 0.8pp
2023 · 2.8%
2022: 2.5%
2023: 2.8%
2022 → 2024
Net result
€1.06M▲ 6.6%
2023 · €991k
2022: €1.08M
2023: €991k
2022 → 2024
Working capital
€4.49M▲ 32.5%
2023 · €3.39M
2022: €2.88M
2023: €3.39M
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€58.93M-€46.57M▼ 21.0%€65.29M▲ 40.2%
Equity€3.36M-€3.79M▲ 12.8%€4.35M▲ 14.8%
Operating result€1.50M-€1.32M▼ 11.8%€1.33M▲ 0.8%
Net result€1.08M-€991k▼ 8.0%€1.06M▲ 6.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34.79M
Fixed assets
€351k▼ 15.6%
Current assets
€34.44M▲ 120%
Equity and liabilities €34.79M
Equity
€4.35M▲ 14.8%
Debt
€30.44M▲ 148%
The debt ratio rises from 76.4% to 87.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.50M▲
2023 · €1.48M
Cash flow
€1.22M▲
2023 · €1.15M
Solvency
12.5%▼
2023 · 23.6%
Current ratio
1.15▼
2023 · 1.28
Quick ratio
1.04▼
2023 · 1.08
Debt / equity
7.00▲
2023 · 3.24
ROE
24.3%▼
2023 · 26.2%
ROA
3.0%▼
2023 · 6.2%
Interest coverage
240.58▲
2023 · 86.80
Debt
€30.44M▲
2023 · €12.28M
Debt ≤ 1 year
€29.95M▲
2023 · €12.26M
Debt > 1 year
€481k
Income taxes
€376k▲
2023 · €354k
Staff costs
€1.72M▲
2023 · €1.64M
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
Total assets
20/58€16.07M€34.79M▲
Fixed assets
21/28€416k€351k▼
Intangible fixed assets
21€184k€140k▼
Tangible fixed assets
22/27€230k€211k▼
Financial fixed assets
28€1k-
Current assets
29/58€15.65M€34.44M▲
Stocks & contracts in progress
3€2.34M€3.14M▲
Amounts receivable within one year
40/41€11.99M€27.06M▲
Cash & bank
54/58€1.25M€4.21M▲
Total equity & liabilities
10/49€16.07M€34.79M▲
Equity
10/15€3.79M€4.35M▲
Contributions / capital
10/11€19k€19k=
Reserves
13€6k€6k=
Accumulated profits (losses)
14€3.76M€4.32M▲
Amounts payable
17/49€12.28M€30.44M▲
Amounts payable after one year
17-€481k
Amounts payable within one year
42/48€12.26M€29.95M▲
Trade debts payable within one year
44€10.52M€26.07M▲
Income statement
Code20232024
Turnover
70€46.57M€65.29M▲
Operating result
9901€1.32M€1.33M▲
Financial income
75€91k€131k▲
Financial charges
65€70k€31k▼
Result before taxes
9903€1.34M€1.43M▲
Income taxes
67/77€354k€376k▲
Net result for the period
9904€991k€1.06M▲
Result to be appropriated
9905€991k€1.06M▲
Timeline · acts, filings and financial milestones
2026
31-08
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Permanent representative3 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation · Permanent representative3 facts ▸
- General meeting, 2026-05-18
- Director resignation, IMACC BV (bestuurder)
- Permanent representative, Chris Willems
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €991k ▼8%
Net result drops to €991k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
18-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 directors, last change in 2026
Ellmar
CurrentDirector · since 27-06-2022 · Legal entity · perm. rep.: Patrick Casteels
Imacc
CurrentDirector · since 27-06-2022 · Legal entity · perm. rep.: Chris Willems
ELLMAR
Not recently confirmedManager · since 20-02-2013 · Private limited company · perm. rep.: Patrick Casteels
INTERNATIONAL MANAGEMENT AND CONSULTING AND COACHING
Not recently confirmedManager · since 20-02-2013 · Private limited company · perm. rep.: Chris Willems
31-08-2026
IMACC BV: Resigned as Director
27-06-2022
Ellmar: Resigned as Director
27-06-2022
Ellmar: Mandate renewed as Director
27-06-2022
Imacc: Resigned as Director
27-06-2022
Imacc: Mandate renewed as Director
20-02-2013
ELLMAR: Appointed as Manager
2 further events in the mandate history. Available in Kantoor S.
See plans →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 1998
Ground area
2,031 m²
Building footprint
718 m²
Volume, LiDAR
1,805 m³
Parcel 44079A0011/00K002, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Grote steenweg 18, 9840 Nazareth-De Pinte
since 19982.087.714.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44079A0011/00K002 | Flanders | 2,031 m² | 1 · 718 m² | 8.4 m · 1 fl. |
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.
Statutory auditor
4 auditors| NV Callens VandelanotteCurrent Statutory auditor · represented by Chris De Keyser | 03-12-2025 → present |
Show 3 earlier auditors
| BVBA Van Cauter - Saeys & Co Statutory auditor · represented by Inge Saeys succeeded by Van Cauter & Co B.V.B.A. in 2016 | 20-02-2013 → 23-02-2016 |
| CVBA Vandelanotte Bedrijfsrevisoren Statutory auditor · represented by Chris De Keyser succeeded by NV Callens Vandelanotte in 2025 | 16-11-2018 → 03-12-2025 |
| Van Cauter & Co B.V.B.A. Statutory auditor · represented by Jan Degryse succeeded by CVBA Vandelanotte Bedrijfsrevisoren in 2018 | 23-02-2016 → 16-11-2018 |
Structure & network
Connections & network
18 connected companiesNetwork connections
Shared director
→
Shared director
→
Shared director
→
Shared director
→
Show 2 more network connections
Shared director
→
Shared director
→
12 further connected companies in this network. Available in Kantoor S.
See plans →
Ownership & control
2 partiesControl over this companysits on this company's board2
1 subsidiary · 1 location
1 subsidiary · 1 location
controls
Kappa DataBE 0463.715.428
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
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MULTIPLAST
BE 0429.119.585
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ANPA LESSINES
BE 0446.894.341
Geraardsbergen · Eq €4.44M
ETRAMO
BE 0417.212.044
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INTERTRADING
BE 0423.983.139
Oudsbergen · Eq €4.50M
Of 1,559 companies in sector 46900 we hold annual accounts for 889. 387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-1998
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 20-07-2026. Scores and ratios are computed by Checked and are not a credit decision.