Dr. Kenneth Coenegrachts
ActiveSummary
Dr. Kenneth Coenegrachts has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.95M and a net result of €436k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 18.32 against 11.02 in 2024; short-term debt: 4.2% and cash: 10.4% of total assets), and 4.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.7%
Return on assets
21.4%
Age of the figures
18 mo
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 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
16 d early
2023
28 d early
2022
31 d early
2021
12 d early
2020
18 d early
2019
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.95M▲ 15.7%
2024 · €1.68M
2019: €702k
2020: €898k
2021: €1.20M
2022: €1.18M
2023: €1.39M
2024: €1.68M
2019 → 2025
Total assets
€2.04M▲ 11.9%
2024 · €1.82M
2019: €1.14M
2020: €1.23M
2021: €1.38M
2022: €1.29M
2023: €1.53M
2024: €1.82M
2019 → 2025
Net result
€436k▲ 18.5%
2024 · €368k
2019: €171k
2020: €196k
2021: €305k
2022: €309k
2023: €298k
2024: €368k
2019 → 2025
Working capital
€1.48M▲ 26.3%
2024 · €1.17M
2019: €223k
2020: €332k
2021: €570k
2022: €647k
2023: €837k
2024: €1.17M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.20M-€1.18M▼ 1.7%€1.39M▲ 17.8%€1.68M▲ 20.8%€1.95M▲ 15.7%
Operating result€426k-€399k▼ 6.4%€430k▲ 7.8%€490k▲ 14.0%€531k▲ 8.5%
Net result€305k-€309k▲ 1.3%€298k▼ 3.6%€368k▲ 23.6%€436k▲ 18.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.04M
Fixed assets
€468k ▼ 11.5%
Current assets
€1.57M ▲ 21.5%
Equity and liabilities €2.04M
Equity
€1.95M ▲ 15.7%
Debt
€87k ▼ 35.5%
Debt's share of the balance-sheet total falls from 7.4% to 4.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€593k▲
2024 · €551k
Cash flow
€498k▲
2024 · €430k
Current ratio
18.32▲
2024 · 11.02
Debt to equity
0.04▼
2024 · 0.08
ROE
22.4%▲
2024 · 21.9%
ROA
21.4%▲
2024 · 20.2%
Interest coverage
25.08▼
2024 · 26.83
Debt ≤ 1 year
€86k▼
2024 · €117k
Income taxes
€182k▲
2024 · €162k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.82M€2.04M▲
Fixed assets21/28€528k€468k▼
Tangible fixed assets22/27€528k€468k▼
Land and buildings22€487k€439k▼
Plant, machinery and equipment23€127€1k▲
Furniture and vehicles24€41k€28k▼
Current assets29/58€1.29M€1.57M▲
Current investments50/53€1.27M€1.35M▲
Cash at bank and in hand54/58€14k€212k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€2.04M▲
Equity10/15€1.68M€1.95M▲
Contributions10/11€12k€12k=
Reserves13€1.67M€1.94M▲
Distributable reserves133€1.67M€1.94M▲
Amounts payable17/49€135k€87k▼
Amounts payable after more than one year17€16k-
Financial debts170/4€16k-
Amounts payable within one year42/48€117k€86k▼
Current portion of amounts payable after more than one year42€18k€18k=
Trade debts44€110€30▼
Suppliers440/4€110€30▼
Taxes, remuneration and social security45€68k€47k▼
Taxes450/3€68k€47k▼
Other amounts payable47/48€32k€21k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€62k=
Other operating charges640/8€11k€12k▲
Gross operating margin9900€562k€605k▲
Operating profit (loss)9901€490k€531k▲
Financial income75/76B€61k€111k▲
Recurring financial income75€61k€111k▲
Financial charges65/66B€21k€24k▲
Recurring financial charges65€21k€24k▲
Profit (loss) for the period before taxes9903€530k€618k▲
Income taxes67/77€162k€182k▲
Profit (loss) for the period9904€368k€436k▲
Profit (loss) for the period to be appropriated9905€368k€436k▲
Appropriation of the result
Profit (loss) to be appropriated9906€368k€436k▲
Transfer from equity791/2€78k€171k▲
Transfer to equity691/2€368k€436k▲
To other reserves6921€368k€436k▲
Profit to be distributed694/7€78k€171k▲
Return on contributions (dividend)694€78k€171k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €436k ▲18.5%
Operating result €531k, net result €436k, both a record.
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 12.40
Current ratio from 4.27 to 12.40; short-term debt falls from €174k to €57k.
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €1MEq €1.20M ▲33.9%
3 profitable years in a row build equity to €1.20M.
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koning Leopold III-laan 1068200 BruggeGround area
3,298 m²
Building footprint
480 m²
Volume, LiDAR
2,851 m³
Parcel 31027D0564/00P000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0564/00P000 | Flanders | 3,298 m² | 1 · 480 m² | 11.8 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493008F31GBNINUMP98
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Of 16,627 companies in sector 86220 we hold annual accounts for 7,974. 4,680 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2005
Fiscal year end31-03
Activities, NACEBEL 2025
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.