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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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KIGALO from Kortemark, company number BE0888977779, closed financial year 2025 with a result of € 87,792 after tax. For that financial year KIGALO recorded a gross margin of € 468,982 and equity of € 8,556. Compared with financial year 2024, the result moved from € 100,352 to € 87,792. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 8,556
▲ € 87,792 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 87,792
▼ 13% vs 2024
Profit after tax over the fiscal year.
€ 7,906
▼ 54% 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 € 2,356.
People and assets in 2025
18.5
▲ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 264,220
▼ 4% vs 2024
€ 14,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 26,615
▲ 127% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 186,851
▼ 36% vs 2024
€ 60,883 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 113,753
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 43,291
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 485,879 | € 499,829 | € 451,475 | € 468,982 | ▲ 4% |
| Profit after taxes | € 130 | € 5,188 | € 100,352 | € 87,792 | ▼ 13% |
| Equity | € -184,776 | € -179,588 | € -79,236 | € 8,556 | ▲ € 87,792 |
| Total debts | € 929,718 | € 983,952 | € 806,303 | € 651,743 | ▼ 19% |
| Cash | € 9,607 | € 16,877 | € 17,235 | € 7,906 | ▼ 54% |
| Land & buildings | € 326,242 | € 265,353 | € 248,782 | € 193,126 | ▼ 22% |
| Retained profit | € -190,976 | € -185,788 | € -85,436 | € 2,356 | ▲ € 87,792 |
| Bank debt | € 486,633 | € 441,350 | € 291,276 | € 186,851 | ▼ 36% |
| Balance sheet total | € 744,942 | € 804,364 | € 727,067 | € 660,299 | ▼ 9% |
| Employees (FTE) | 20.2 | 22.4 | 16.2 | 18.5 | ▲ 2.3 |
Key figures of KIGALO, fiscal years 2022 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 KIGALO?
What happened at KIGALO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 87,792 (▼ 13% vs 2024). Source: NBB ↗
- Andenne BV became a director. NBB
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 130 profit in 2022 to € 87,792 profit in 2025.
Paid € 812 in corporate taxes since 2022.
Best year ever: 2024, with € 100,352 profit.
On average € 25,400 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind KIGALO is Andenne BV. Andenne BV is also behind KORTRIJK NOORD.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Hoogledestraat 97 box A
8610 Kortemark
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.977.779
- VAT number
- BE 0888.977.779
- Registered office
- Hoogledestraat 97 bus A, 8610 Kortemark
- Names & denominations
- KIGALO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2007
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Restaurants van het traditionele type
Eetgelegenheden met volledige bediening
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Personenvervoer over de weg volgens dienstregeling