Result
-€1.1m -€1.1m
From profit to loss in 2025, after a profit of €370,212 in 2024.
DE KRINGWINKEL ANTWERPEN
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006Turnoverpeak €13.4m (2025)
€13.4m▲ 10.4%
Resultlowest -€1.1m (2022)
-€1.1m▼ €1.4m
Equitypeak €5.0m (2021)
€3.5m▼ 23.3%
Debts
€9.1m▲ 23.8%
Staffpeak 407 FTE (2025)
407 FTE▲ 11.4%
Board15 names since 2019all names
7 directorsKatrien HUYGENS and 6 others
Documentsfilings and deeds
24-06-202637 days before the deadline
2025abbreviated format
Loss of €1.1mStaff from 365.5 FTE to 407 FTE1 director appointed, 1 statutory auditor reappointed 10-123 directors resigning 28-05Equity from €4.6m to €3.5mDebts from €7.4m to €9.1m
Key points
from the 2025 annual accountsDebts
€9.1m 72% of the balance sheet
Financial debts 55%Suppliers 13%Taxes and wages 19%Other 13%
€5.5m of the debts are secured on the company's own assets. In 2021 that was €2.4m.
Investments
€3.4m 2.4 × depreciation
Green is investment, beige is depreciation.
Board
2 joined · 3 left
Board changed. Latest change 10-06-2026 · 6 in office.
Position in the sector
-€1.1m
Lower net result than 95% of companies in social work without accommodation. Sector median €50,555 · 488 companies.
Public support
€29.3m awarded from 2022 to 2025
Flemish support, mostly Erkenning en subsidiëring als maatwerkafdeling.
Checked score
90
Excellent
Financially stronger than 23% of large companies in social work without accommodation (NACE 88)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 91 companies (NACE 88, large).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €1.1m (financial year 2025)
1 of the last 3 accounts late
lowers risk
Legal form: non-profit association
Sector: Social work activities without accommodation (NACE 88)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, large). It does better than 13% of them on solvency, 21% on liquidity, 15% on profitability and 44% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 137 companies had the same profile as DE KRINGWINKEL ANTWERPEN has now. Each dot is one company, two years later.
95.6%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
The bankruptcy probability of DE KRINGWINKEL ANTWERPEN itself is lower: < 0.1% within 12 months. It rests on far more data about DE KRINGWINKEL ANTWERPEN than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 137 companies, not a prediction for DE KRINGWINKEL ANTWERPEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €310,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.96 (1.25 in 2024), below 1. Short-term debt is 36.9% and cash 8.5% of total assets. 72% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 488 sector peers (2025).
NBB · sector comparisonPosition among 488 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
89 days late
2023
7 days late
2022
17 days early
2021
16 days early
2020
38 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 88), the median for financial year 2024 was 24 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New establishment in Schoten
Sociale Werkplaats De Kringwinkel Antwerpen, Industrielaan 42
2 directors appointed, 1 reappointment
Reappointment: Martine Vandezande · Appointments: Annika Tibbe and Tim Gielen · General meeting of 10-06-2026 · Gazette deed
3 directors resigning
Tom DOMEN, Christian GHYSEBRECHTS and Katrien HUYGENS · General meeting of 17-12-2025 · Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen, Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning), Slopen of verwijderen van een publiciteitsinrichting and 1 more · Antwerpen
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| DE KRINGWINKEL ANTWERPEN Antwerp | €13.4m | -7.2% | 28.0% | 407 |
| Kiemkracht Hamme (Vl.) | €13.3m | 2.8% | 52.9% | 404.4 |
| ATELJEE Ghent | €10.7m | -6.6% | 47.5% | 478.6 |
| NATUUR EN LANDSCHAPSZORG , MAATWERKBEDRIJF Mechelen | €11.3m | 2.6% | 43.5% | 287.3 |
| DE KRINGLOOPWINKEL DELTAGROEP Kortrijk | €7.1m | 2.1% | 53.8% | 234.3 |
| Groep INTRO Maatwerk Anderlecht | €8.1m | 12.0% | 51.0% | 274.5 |
| Aralea Brasschaat | €6.6m | 3.5% | 71.7% | 261.6 |
Grey: the largest companies of the sector (social work without accommodation (NACE 88)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DE KRINGWINKEL ANTWERPEN: social work activities without accommodation (NACE 88993). They are comparable in size and age: total assets between €8.3m and €17m, founded between 1980 and 2000.
Official details
Source: KBO- Status
- Active since 11-01-1991Normal situation
- Activity
- Social work activities without accommodationNACE 88993and 5 others
- Joint committee
- 327.01Sheltered and social workshops · annual accounts 2025
- Establishment units
- 2.138.452.2012170 Antwerp, since 11-01-1991
- 2.138.452.3972140 Antwerp, since 11-01-1991and 15 others
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Annual accounts 2025
- Total assets
- €12.7m▲ 5.3%
- Employeeson 31-12-2025
- 446▲ 8.0%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on DE KRINGWINKEL ANTWERPEN
DE KRINGWINKEL ANTWERPEN has existed since 1991. Turnover grew from €2.7m in 2007 to €13.4m in 2025 and staff from 165.1 to 407 full-time equivalents.
Turnover has grown every year since 2020. Solvency fell in 2025 from 38.5% to 28.0% because of the loss and higher long-term debts.
In January 2026, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DE KRINGWINKEL ANTWERPEN
- What is the company number of DE KRINGWINKEL ANTWERPEN?
- The company number of DE KRINGWINKEL ANTWERPEN is 0442.423.037. The VAT number is the same number with BE in front: BE 0442.423.037.
- Where is DE KRINGWINKEL ANTWERPEN based?
- The registered office is at Deurnsebaan 52, 2170 Antwerp.Company details
- What does DE KRINGWINKEL ANTWERPEN do?
- According to the KBO register, the main activity is social work activities without accommodation (NACE 88993).
- What is the legal form of DE KRINGWINKEL ANTWERPEN?
- DE KRINGWINKEL ANTWERPEN is a non-profit association (VZW).
- When was DE KRINGWINKEL ANTWERPEN founded?
- DE KRINGWINKEL ANTWERPEN was founded on 11-01-1991.
- Is DE KRINGWINKEL ANTWERPEN still active?
- Yes, DE KRINGWINKEL ANTWERPEN is an active enterprise in the KBO register.
- How many employees does DE KRINGWINKEL ANTWERPEN have?
- DE KRINGWINKEL ANTWERPEN had an average of 407 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DE KRINGWINKEL ANTWERPEN fall under?
- In its 2025 annual accounts, DE KRINGWINKEL ANTWERPEN states joint committee 327.01 (Sheltered and social workshops).
- What is the turnover of DE KRINGWINKEL ANTWERPEN?
- The turnover of DE KRINGWINKEL ANTWERPEN was €13.4m in financial year 2025, according to the filed annual accounts.
- Is DE KRINGWINKEL ANTWERPEN profitable?
- In financial year 2025, DE KRINGWINKEL ANTWERPEN made a loss of €1.1m.
- Where can I find the annual accounts of DE KRINGWINKEL ANTWERPEN?
- DE KRINGWINKEL ANTWERPEN filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DE KRINGWINKEL ANTWERPEN due?
- DE KRINGWINKEL ANTWERPEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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