Full-Kitching

Active

Private limited companyfounded 20214 yrs activeTorhoutsesteenweg 545, 8400 Oostende, BelgiumKBO/BCE: BE 0777.383.536

The computed 12-month bankruptcy probability of Full-Kitching is 2.2% (moderate). The 2025 annual accounts show equity of €15k and a net result of €34k. Equity is growing by ~72.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 7744 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

49 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability78▼-22

Solvency28▲+7

Growth78=

Track record94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.87 against 0.79 in 2024; short-term debt: 64% and cash: 9.7% of total assets), and 96.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

3.2%

Return on assets

7.4%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7744 sector peers (2025).

NBB · sector comparison

Position among 7744 sector peers

Solvency

better than 9%

← weakest strongest →

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 4 filings

Deviation from the deadline

2025

31 d late

2024

115 d early

2023

86 d early

2022

61 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€15k

2024 · €-19k

2022: €-63k 2023: €-188k 2024: €-19k

2022 → 2025

Total assets

€460k▼ 0.8%

2024 · €464k

2022: €469k 2023: €511k 2024: €464k

2022 → 2025

Net result

€34k▼ 79.9%

2024 · €169k

2022: €-143k 2023: €-125k 2024: €169k

2022 → 2025

Working capital

€-39k▲ 29.4%

2024 · €-55k

2022: €-37k 2023: €-202k 2024: €-55k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€-63k-€-188k▼ 197%€-19k▲ 89.8%€15k

Operating result€-135k-€-130k▲ 3.2%€162k€25k▼ 84.7%

Net result€-143k-€-125k▲ 13.0%€169k€34k▼ 79.9%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 85% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €460k

44.4%

55.6%

Fixed assets €204k▼ 19.4%

Current assets €256k▲ 21.7%

Equity and liabilities €460k

96.8%

Equity €15k

Debt €446k

Debt finances 96.8% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€66k▼

2024 · €206k

Cash flow

€75k▼

2024 · €213k

Solvency

3.2%▲

2024 · -4.1%

Current ratio

0.87▲

2024 · 0.79

Quick ratio

0.47▲

2024 · 0.37

Debt / equity

30.39▲

2024 · -25.16

ROE

231.0%

ROA

7.4%▼

2024 · 36.4%

Interest coverage

8.56▼

2024 · 22.25

Debt

€446k▼

2024 · €483k

Debt ≤ 1 year

€294k▲

2024 · €265k

Debt > 1 year

€151k▼

2024 · €218k

Income taxes

€316▲

2024 · €303

Staff costs

€7k▲

2024 · €-488

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€464k€460k▼

Fixed assets21/28€254k€204k▼

Intangible fixed assets21€17k€15k▼

Tangible fixed assets22/27€236k€190k▼

Plant, machinery and equipment23€5k€3k▼

Furniture and vehicles24€31k€14k▼

Other tangible fixed assets26€201k€173k▼

Current assets29/58€210k€256k▲

Stocks and contracts in progress3€113k€116k▲

Stocks30/36€113k€116k▲

Amounts receivable within one year40/41€22k€84k▲

Trade receivables40€19k€81k▲

Other amounts receivable41€3k€3k=

Cash at bank and in hand54/58€64k€45k▼

Deferred charges and accrued income490/1€11k€11k▲

Equity and liabilities

Total equity and liabilities10/49€464k€460k▼

Equity10/15€-19k€15k▲

Contributions10/11€80k€80k=

Profit (loss) carried forward14€-99k€-65k▲

Amounts payable17/49€483k€446k▼

Amounts payable after more than one year17€218k€151k▼

Financial debts170/4€218k€151k▼

Amounts payable within one year42/48€265k€294k▲

Current portion of amounts payable after more than one year42€68k€70k▲

Trade debts44€11k€42k▲

Suppliers440/4€11k€42k▲

Advances received on contracts in progress46€173k€172k▼

Taxes, remuneration and social security45€13k€11k▼

Taxes450/3€13k€7k▼

Remuneration and social security454/9€0€3k▲

Other amounts payable47/48€0-

Income statement Code20242025

Remuneration, social security and pensions62€-488€7k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€42k▼

Other operating charges640/8€2k€7k▲

Gross operating margin9900€208k€80k▼

Operating profit (loss)9901€162k€25k▼

Financial income75/76B€16k€17k▲

Recurring financial income75€16k€17k▲

Financial charges65/66B€9k€8k▼

Recurring financial charges65€9k€8k▼

Profit (loss) for the period before taxes9903€169k€34k▼

Income taxes67/77€303€316▲

Profit (loss) for the period9904€169k€34k▼

Profit (loss) for the period to be appropriated9905€169k€34k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-99k€-65k▲

Profit (loss) brought forward from the previous period14P€-268k€-99k▲

Social balance

Average headcount (FTE)90870.00.2▲

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

2025

07-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €169k

Net result €169k after 2 loss-making years.

06-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Oostende · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Torhoutsesteenweg 5458400 Oostende

Ground area

2,440 m²

Building footprint

497 m²

Volume, LiDAR

2,802 m³

Parcel 35020A0211/00R000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Torhoutsesteenweg 545, 8400 Oostende

Joinery installation

since 20212.324.242.239

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35020A0211/00R000	Flanders	2,440 m²	1 · 497 m²	7.8 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.

Public money · subsidies and aid

Flemish government

2023 to 2024 · 2 entries · 291 EUR awarded · 291 EUR paid

Year	Entries	awarded	paid
2024	1	47 EUR	47 EUR
2023	1	244 EUR	244 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 291 EUR · 291 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Tielt-Winge · Eq €15k

Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 5,498 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded16-11-2021

Fiscal year end31-12

Activities, NACEBEL

43320Joinery installation

47551Retail sale of household furniture

46150Agents in the wholesale of furniture, household goods and hardware

46431Wholesale of electrical household appliances and audio-video equipment

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.