IKINET
ActiveSummary
IKINET has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,208 and a net result of -€4,392. Equity has been shrinking by about 5.9% per year since 2019. Its solvency ranks better than 24% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-02-1992 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.056.457.309 8800 Roeselare, since 03-03-1992
- Financial year end
- 30 June
- Peppol
- Reachable since 12-06-2025
Board and ownership
- MADDENS ErwinDirector · since 31-12-2004
- Holdings
- Shares in 1 company Interieur Maddens
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €24,988
- ▼ 7.0%
- Turnover
- ≈ €120,000
- estimated
- Loss
- €4,392
- ▼ 23.1%
- Equity
- €70,208
- ▼ 5.9%
- Total assets
- €333,711
- ▼ 4.0%
Score breakdownraises riskLiquidity: current ratio 0.39, cash €3,987lowers riskSize: total assets €333,711Founded in 1992Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 24% of them on solvency, 22% on liquidity, 26% on profitability and 31% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-12-2025 PDF all 33 filings
Every figure per financial year
The operating result for 2025 is a loss of €597, smaller than the loss of €1,845 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | €236,663 | €215,922 | - |
| Mortgages, amount registered | €165,000 | €165,000 | €165,000 | €165,000 |
| Carrying value of the mortgaged assets | €270,508 | €254,049 | €237,589 | €221,134 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €17,055 | - | - | - |
| Depreciation and write-downs of the year | €24,402 | €25,375 | €22,195 | €18,865 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,744 | €21,041 | €23,565 | €24,402 | €25,375 | €22,195 | €18,865 | ▼ 15.0% |
| Other operating charges640/8 | - | - | - | €5,762 | €5,933 | €6,514 | €6,719 | ▲ 3.1% |
| Gross operating margin9900 | €26,313 | €38,228 | €33,943 | €26,303 | €27,899 | €26,864 | €24,988 | ▼ 7.0% |
| Operating profit (loss)9901 | -€5,219 | €11,604 | €4,658 | -€3,862 | -€3,409 | -€1,845 | -€597 | ▲ 67.7% |
| Recurring financial income75 | - | €138 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €4,257 | €4,105 | €3,868 | €3,795 | ▼ 1.9% |
| Recurring financial charges65 | €2,323 | €4,279 | €4,620 | €4,257 | €4,105 | €3,868 | €3,795 | ▼ 1.9% |
| Profit (loss) for the period before taxes9903 | -€7,543 | €7,463 | €38 | -€8,118 | -€7,514 | -€5,713 | -€4,392 | ▲ 23.1% |
| Income taxes67/77 | - | €606 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€7,543 | €6,857 | €38 | -€8,118 | -€7,514 | -€5,713 | -€4,392 | ▲ 23.1% |
| Profit (loss) for the period to be appropriated9905 | -€7,543 | €6,857 | €38 | -€8,118 | -€7,514 | -€5,713 | -€4,392 | ▲ 23.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €382,970 | €401,515 | €402,353 | €396,249 | €372,082 | €347,783 | €333,711 | ▼ 4.0% |
| Fixed assets21/28 | €321,640 | €373,175 | €375,499 | €368,152 | €342,776 | €320,581 | €301,716 | ▼ 5.9% |
| Tangible fixed assets22/27 | €300,640 | €352,175 | €354,499 | €347,152 | €321,776 | €299,581 | €280,716 | ▼ 6.3% |
| Land and buildings22 | - | - | - | €347,152 | €321,776 | €299,581 | €280,716 | ▼ 6.3% |
| Financial fixed assets28 | €21,000 | €21,000 | €21,000 | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Current assets29/58 | €61,331 | €28,340 | €26,854 | €28,098 | €29,306 | €27,202 | €31,995 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €181 | €10,000 | €14,336 | €19,542 | €19,755 | €24,234 | €21,324 | ▼ 12.0% |
| Trade receivables40 | - | - | - | €442 | €484 | €3,107 | - | - |
| Other amounts receivable41 | - | - | - | €19,100 | €19,271 | €21,127 | €21,324 | ▲ 0.9% |
| Cash at bank and in hand54/58 | €54,408 | €18,107 | €11,693 | €2,279 | €2,727 | €2,083 | €3,987 | ▲ 91.5% |
| Deferred charges and accrued income490/1 | - | - | - | €6,277 | €6,824 | €885 | €6,683 | ▲ 655% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €382,970 | €401,515 | €402,353 | €396,249 | €372,082 | €347,783 | €333,711 | ▼ 4.0% |
| Equity10/15 | €89,888 | €95,945 | €95,945 | €87,827 | €80,313 | €74,599 | €70,208 | ▼ 5.9% |
| Contributions10/11 | €68,820 | - | - | €68,820 | €68,820 | €68,820 | €68,820 | = |
| Reserves13 | €21,068 | €27,125 | €27,125 | €19,973 | €19,973 | €19,973 | €19,973 | = |
| Non-distributable reserves130/1 | - | - | - | €13,916 | €13,916 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €13,916 | €13,916 | - | - | - |
| Distributable reserves133 | - | - | - | €6,057 | €6,057 | €19,973 | €19,973 | = |
| Profit (loss) carried forward14 | - | - | - | -€967 | -€8,481 | -€14,194 | -€18,586 | ▼ 30.9% |
| Amounts payable17/49 | €293,082 | €305,570 | €306,408 | €308,423 | €291,770 | €273,183 | €263,503 | ▼ 3.5% |
| Amounts payable after more than one year17 | €245,232 | €272,022 | €257,640 | €236,663 | €215,922 | €197,413 | €178,631 | ▼ 9.5% |
| Financial debts170/4 | - | - | - | €236,663 | €215,922 | €197,413 | €178,631 | ▼ 9.5% |
| Amounts payable within one year42/48 | €47,304 | €33,203 | €48,769 | €71,759 | €75,847 | €75,770 | €82,873 | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,976 | €20,741 | €18,509 | €18,782 | ▲ 1.5% |
| Trade debts44 | €10,726 | €10,896 | €4,798 | €5,916 | €6,461 | €1,513 | €7,085 | ▲ 368% |
| Suppliers440/4 | - | - | - | €5,916 | €6,461 | €1,513 | €7,085 | ▲ 368% |
| Taxes, remuneration and social security45 | - | - | - | €628 | - | - | €321 | - |
| Taxes450/3 | - | - | - | €628 | - | - | €321 | - |
| Other amounts payable47/48 | - | - | - | €44,239 | €48,645 | €55,748 | €56,686 | ▲ 1.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €1,998 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,543 | €6,857 | €38 | -€8,118 | -€7,514 | -€5,713 | -€4,392 | ▲ 23.1% |
| + Depreciation and write-downs630 | €19,744 | €21,041 | €23,565 | €24,402 | €25,375 | €22,195 | €18,865 | ▼ 15.0% |
| Operating cash flow (approximation) | €12,202 | €27,898 | €23,602 | €16,284 | €17,861 | €16,482 | €14,474 | ▼ 12.2% |
| Investment in fixed assets (approximation) | - | -€72,576 | -€25,889 | -€17,055 | €0 | €0 | €0 | - |
| Change in cash | - | -€36,301 | -€6,414 | -€9,414 | €448 | -€644 | €1,905 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,450 companies had the same profile as IKINET has now. Two years later, 93.3% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IKINET itself is lower: 0.1% within 12 months. It rests on far more data about IKINET 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 2,450 companies, not a prediction for IKINET. 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.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-12-2025 | 2025-00591583 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00021315 | |
| 30-06-2023 | abbreviated format | 11-12-2023 | 2023-00526808 | |
| 30-06-2022 | micro format | 07-12-2022 | 2022-20534284 | |
| 30-06-2021 | micro format | 29-12-2021 | 2021-82200551 | |
| 30-06-2020 | abbreviated format | 25-01-2021 | 2021-01700391 | |
| 30-06-2019 | abbreviated format | 28-10-2019 | 2019-71500543 | |
| 30-06-2018 | micro format | 09-11-2018 | 2018-71900492 | |
| 30-06-2017 | abbreviated format | 27-11-2017 | 2017-70400218 | |
| 30-06-2016 | abbreviated format | 30-11-2016 | 2016-68900305 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 14-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MADDENS Erwin |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid aantal aandelen, artikel 9”
Articles of association, deed of 14-12-2023 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 30-06-2024Equity €7,176 Loss of €16,428 in 2025 (loss of €3,491 in 2024) Checked score 5319.33%
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of IKINET. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-12
Gazette deed
Resignation: MADDENS Erwin (statutory director)Reappointment: MADDENS Erwin (director) · Capital conversion · Amendment of the articles12 points ▸
- General meeting, 11-12-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, MADDENS Erwin (statutory director)
- Director reappointment, MADDENS Erwin (director (not named in the articles))
- Other provision, “uitoefening van zijn mandaat, kwijting ontslagnemende bestuurder” (deed in Dutch)
- Amendment of the articles, “artikel 12 derde lid huidige statuten” (deed in Dutch)
- Amendment of the articles
- Power of attorney, Jolien PYCK
- Registered office clause, “8800 Roeselare,Kaaistraat 60, achtste besluit” (deed in Dutch)
- Other provision, “Eenhoofdigheid, negende besluit” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
5 activities
- Het verwerven, beheren, en valoriseren van onroerend patrimonium met inbegrip van onderhoud, ver- en bebouwing ervan
- Het verwerven en beheren van roerend patrimonium met inbegrip van participaties in vennootschappen
- Het besturen van vennootschappen; het uitoefenen van de functie van bestuurder en vereffenaar in vennootschappen
- Het verwerven, beheren en in waarde stellen van alle intellectuele rechten
- Het verlenen van dienstprestaties van economische aard, zowel in eigen beheer of in deelname met derden, onder meer op vlak van personeelsselectie, technoconsult, engineering, commercieel-, fiscaal, financieel- en juridisch advies
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36502B0762/00L002 | Flanders | 2,606 m² | 1 · 667 m² | 6.7 m · 2 |