HVDB KINE
ActiveHVDB KINE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €297. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 16511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-37
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.93 against 3.46 in 2024; short-term debt: 19.2% and cash: 24.2% of total assets), and 19.2% of the assets are financed with debt.
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
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
80.8%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
25 d late
2024
22 d late
2023
26 d late
2022
18 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▼ 1.5%
2024 · €37k
2022: €31k
2023: €36k
2024: €37k
2022 → 2025
Total assets
€45k▼ 4.3%
2024 · €47k
2022: €45k
2023: €52k
2024: €47k
2022 → 2025
Net result
€297▼ 78.8%
2024 · €1k
2022: €29k
2023: €5k
2024: €1k
2022 → 2025
Working capital
€25k▲ 1.4%
2024 · €25k
2022: €15k
2023: €22k
2024: €25k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€31k-€36k▲ 13.0%€37k▲ 3.9%€36k▼ 1.5%
Operating result€39k-€9k▼ 77.2%€4k▼ 51.7%€6k▲ 27.7%
Net result€29k-€5k▼ 83.0%€1k▼ 71.5%€297▼ 78.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45k
Fixed assets
€11k▼ 7.4%
Current assets
€34k▼ 3.3%
Equity and liabilities €45k
Equity
€36k▼ 1.5%
Debt
€9k▼ 14.7%
The debt ratio falls from 21.6% to 19.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▲
2024 · €7k
Cash flow
€3k▼
2024 · €4k
Solvency
80.8%▲
2024 · 78.4%
Current ratio
3.93▲
2024 · 3.46
Quick ratio
3.93▲
2024 · 3.46
Debt / equity
0.24▼
2024 · 0.27
ROE
0.8%▼
2024 · 3.8%
ROA
0.7%▼
2024 · 3.0%
Interest coverage
1.89▼
2024 · 6.84
Debt
€9k▼
2024 · €10k
Debt ≤ 1 year
€9k▼
2024 · €10k
Income taxes
€1k▼
2024 · €2k
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€47k€45k▼
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€12k€11k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26-€1k
Current assets29/58€35k€34k▼
Amounts receivable within one year40/41€5k€3k▼
Trade receivables40€5k€0▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€10k€11k▲
Deferred charges and accrued income490/1€20k€20k▼
Equity and liabilities
Total equity and liabilities10/49€47k€45k▼
Equity10/15€37k€36k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€34k€34k▼
Amounts payable17/49€10k€9k▼
Amounts payable within one year42/48€10k€9k▼
Trade debts44€452€2k▲
Suppliers440/4€452€2k▲
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€475€633▲
Gross operating margin9900€8k€8k▲
Operating profit (loss)9901€4k€6k▲
Financial income75/76B€0€113▲
Recurring financial income75€0€113▲
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€3k€2k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€1k€297▼
Profit (loss) for the period to be appropriated9905€1k€297▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€35k▲
Profit (loss) brought forward from the previous period14P€33k€34k▲
Profit to be distributed694/7€0€833▲
Return on contributions (dividend)694€0€833▲
The notes to these accounts (10 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
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €297 ▼78.8%
Net result drops to €297, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
13-07
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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 2022
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.
Rue d'Andrémont(JAM) 166120 Ham-sur-Heure-NalinnesGround area
3,458 m²
Building footprint
179 m²
Volume, LiDAR
1,001 m³
2 parcels, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HVDB KINE
since 20222.331.629.382
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56037A0042/00E000 | Wallonia | 3,215 m² | 1 · 97 m² | - |
| 52302A0003/00R027 | Wallonia | 242 m² | 1 · 82 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
YANVAN
BE 1024.421.453
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RE-FOCUS
BE 0770.245.425
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Logopedie Julie Vanhoudt
BE 0681.924.648
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Fysio Flow
BE 1006.221.976
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CURATIS
BE 0779.664.521
Boechout · Eq €36k
Of 12,690 companies in sector 86951 we hold annual accounts for 2,142. 1,942 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2022
Fiscal year end31-12
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
86909Human health activities
86995Nutrition and dietetics services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.