F. KENNES
ActiveF. KENNES has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.23M and a net result of €180k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 7426 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▼-2
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 2.73 against 2.67 in 2023), and 27.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 01
Relative position
BE, all sectors
reference
Sector 01
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 2024Solvency, return and age of the figures
Solvency
72.5%
Return on assets
5.9%
Age of the figures
20 mo
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 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
47 d early
2022
46 d early
2021
52 d early
2020
33 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.23M▲ 8.8%
2023 · €2.05M
2018: €896k
2019: €1.07M
2020: €1.24M
2021: €1.46M
2022: €1.88M
2023: €2.05M
2018 → 2024
Total assets
€3.08M▲ 15.0%
2023 · €2.68M
2018: €1.65M
2019: €1.86M
2020: €2.03M
2021: €2.01M
2022: €2.64M
2023: €2.68M
2018 → 2024
Net result
€180k▲ 4.5%
2023 · €173k
2018: €138k
2019: €422k
2020: €347k
2021: €318k
2022: €457k
2023: €173k
2018 → 2024
Working capital
€1.23M▲ 44.9%
2023 · €850k
2018: €649k
2019: €571k
2020: €748k
2021: €776k
2022: €498k
2023: €850k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.24M-€1.46M▲ 17.6%€1.88M▲ 29.0%€2.05M▲ 9.2%€2.23M▲ 8.8%
Operating result€439k-€408k▼ 7.1%€574k▲ 40.7%€244k▼ 57.4%€264k▲ 7.9%
Net result€347k-€318k▼ 8.3%€457k▲ 43.6%€173k▼ 62.2%€180k▲ 4.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 8% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.08M
Fixed assets
€1.13M▼ 14.1%
Current assets
€1.95M▲ 43.3%
Equity and liabilities €3.08M
Equity
€2.23M▲ 8.8%
Debt
€848k▲ 35.4%
The debt ratio rises from 23.4% to 27.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€648k▲
2023 · €597k
Cash flow
€564k▲
2023 · €525k
Solvency
72.5%▼
2023 · 76.6%
Current ratio
2.73▲
2023 · 2.67
Quick ratio
1.96▲
2023 · 1.30
Debt / equity
0.38▲
2023 · 0.31
ROE
8.1%▼
2023 · 8.4%
ROA
5.9%▼
2023 · 6.4%
Interest coverage
26.91▼
2023 · 36.02
Debt
€848k▲
2023 · €626k
Debt ≤ 1 year
€714k▲
2023 · €508k
Debt > 1 year
€122k▲
2023 · €111k
Income taxes
€61k▲
2023 · €57k
Staff costs
€783k▼
2023 · €887k
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
Assets
Total assets20/58€2.68M€3.08M▲
Fixed assets21/28€1.32M€1.13M▼
Tangible fixed assets22/27€1.31M€1.13M▼
Land and buildings22€128k€128k=
Plant, machinery and equipment23€1.00M€708k▼
Furniture and vehicles24€67k€201k▲
Leasing and similar rights25€114k€89k▼
Financial fixed assets28€6k€6k=
Current assets29/58€1.36M€1.95M▲
Stocks and contracts in progress3€696k€546k▼
Stocks30/36€9k€6k▼
Contracts in progress37€687k€539k▼
Amounts receivable within one year40/41€380k€1.22M▲
Trade receivables40€262k€985k▲
Other amounts receivable41€118k€239k▲
Cash at bank and in hand54/58€283k€162k▼
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€2.68M€3.08M▲
Equity10/15€2.05M€2.23M▲
Contributions10/11€159k€159k=
Reserves13€1.89M€2.07M▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€30k€30k=
Distributable reserves133€1.86M€2.04M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€626k€848k▲
Amounts payable after more than one year17€111k€122k▲
Financial debts170/4€111k€122k▲
Amounts payable within one year42/48€508k€714k▲
Current portion of amounts payable after more than one year42€69k€72k▲
Trade debts44€222k€357k▲
Suppliers440/4€222k€357k▲
Taxes, remuneration and social security45€67k€135k▲
Taxes450/3€17k€88k▲
Remuneration and social security454/9€50k€48k▼
Other amounts payable47/48€150k€150k=
Accrued charges and deferred income492/3€8k€12k▲
Income statement
Code20232024
Remuneration, social security and pensions62€887k€783k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€352k€384k▲
Other operating charges640/8€20k€20k▲
Gross operating margin9900€1.50M€1.45M▼
Operating profit (loss)9901€244k€264k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€17k€24k▲
Recurring financial charges65€17k€24k▲
Profit (loss) for the period before taxes9903€230k€242k▲
Income taxes67/77€57k€61k▲
Profit (loss) for the period9904€173k€180k▲
Profit (loss) for the period to be appropriated9905€173k€180k▲
Appropriation of the result
Profit (loss) to be appropriated9906€173k€180k▲
Transfer from equity791/2€0-
Transfer to equity691/2€173k€180k▲
To other reserves6921€173k€180k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908714.612.2▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.05M ▲9.2%
6 profitable years in a row build equity to €2.05M.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €457k ▲43.6%
Net result €457k, the highest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.07M ▲19.8%
2 profitable years in a row build equity to €1.07M.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hoogstraten · 1 establishment unit since 1982
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.
Ulicotenseweg 662328 HoogstratenGround area
4,348 m²
Building footprint
272 m²
Volume, LiDAR
1,175 m³
Parcel 13022B0631/00E000, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Ulicotenseweg 66 A, 2328 Hoogstraten
since 19822.035.343.080
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13022B0631/00E000 | Flanders | 4,348 m² | 1 · 272 m² | 5.6 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 3,312 EUR awarded · 3,312 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,312 EUR | 3,312 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
8 categoriesF. KENNES BV17266
Food safety, FASFC
1 siteHoogstraten2.035.343.080
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Of 4,668 companies in sector 01610 we hold annual accounts for 1,363. 608 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-1982
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
01610Support activities for crop production
43110Demolition
39000Remediation activities and other waste management service activities
45111
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.