Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KAZAE from Durbuy, company number BE0795153639, closed financial year 2025 with a result of € 12,589 after tax. For that financial year KAZAE recorded a gross margin of € 88,461 and equity of € -43,270. Compared with financial year 2024, the result moved from € 1,033 to € 12,589. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -43,270
▲ € 12,589 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,589
▲ € 11,556 vs 2024
Profit after tax over the fiscal year.
€ 15,122
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -48,270.
People and assets in 2025
€ 30,207
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 575,854
▼ 6% vs 2024
€ 38,058 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 405
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,181
▼ 8% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 16,943 | € 76,437 | € 88,461 | ▲ 16% |
| Profit after taxes | € -61,891 | € 1,033 | € 12,589 | ▲ € 11,556 |
| Equity | € -56,891 | € -55,858 | € -43,270 | ▲ € 12,589 |
| Total debts | € 942,646 | € 929,786 | € 819,645 | ▼ 12% |
| Cash | € 12,079 | € 54,670 | € 15,122 | ▼ 72% |
| Land & buildings | € 797,710 | € 763,885 | € 730,040 | ▼ 4% |
| Retained profit | € -61,891 | € -60,858 | € -48,270 | ▲ € 12,589 |
| Bank debt | € 647,927 | € 612,449 | € 575,854 | ▼ 6% |
| Balance sheet total | € 885,754 | € 873,928 | € 776,375 | ▼ 11% |
Key figures of KAZAE, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KAZAE?
What happened at KAZAE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,589 (▲ € 11,556 vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 61,891 loss in 2023 to € 12,589 profit in 2025.
Best year ever: 2025, with € 12,589 profit.
Management
Behind KAZAE are Stefan Camerlynck and KOEN COOLS. The same people are also behind Arteba Infra and ARTEBA. Stefan Camerlynck is also behind Bright Light and Broad Light. KOEN COOLS is also behind Transport Verbeken, Verbeken Holding, VBK Energy and VBK Bulk.
Directors
According to the 2025 annual accounts
KOEN COOLS
Director
Also active at: Transport Verbeken, Verbeken Holding, VBK Energy, Arteba Infra, VBK Bulk, ARTEBA
Establishments
Establishment units
Physical locations of this company
Bihay (Heyd) 37
6941 Durbuy
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0795.153.639
- VAT number
- BE 0795.153.639
- Registered office
- Bihay (Heyd) 37, 6941 Durbuy
- Names & denominations
- KAZAE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2022
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
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