KANORA
ActiveSummary
KANORA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €201,445 and a net result of €6,852. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 81% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+3
Solvency97▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.11 in 2024; short-term debt: 19.1% and cash: 12.5% of total assets), and 28.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
71.7%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
59 d early
2023
58 d early
2022
56 d early
2021
58 d early
2020
73 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 55 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 4 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€201,445▼ 6.1%
2024 · €214,593
Total assets
€281,032▼ 3.9%
2024 · €292,381
Net result
€6,852▲ 352%
2024 · €1,517
Working capital
€50,583▼ 18.1%
2024 · €61,791
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,922▲ 8.7%€1,980▼ 90.5%€34,474▲ 1,641%€3,685▼ 89.3%€10,593▲ 187%
Net result€18,237within the sector's middle half▼ 2.1%€1,183within the sector's middle half▼ 93.5%€30,908above the sector's middle half▲ 2,513%€1,517within the sector's middle half▼ 95.1%€6,852within the sector's middle half▲ 352%
Equity€232,985above the sector's middle half▲ 8.5%€222,168above the sector's middle half▼ 4.6%€253,076above the sector's middle half▲ 13.9%€214,593above the sector's middle half▼ 15.2%€201,445above the sector's middle half▼ 6.1%
Total assets€298,696within the sector's middle half▲ 3.6%€288,623within the sector's middle half▼ 3.4%€299,009within the sector's middle half▲ 3.6%€292,381within the sector's middle half▼ 2.2%€281,032within the sector's middle half▼ 3.9%
Debt€65,711▼ 10.8%€66,455▲ 1.1%€45,933▼ 30.9%€77,788▲ 69.4%€79,587▲ 2.3%
Working capital€69,741within the sector's middle half▲ 45.6%€68,356within the sector's middle half▼ 2.0%€101,984above the sector's middle half▲ 49.2%€61,791within the sector's middle half▼ 39.4%€50,583within the sector's middle half▼ 18.1%
Solvency78.0%above the sector's middle half▲ 3.5pp77.0%above the sector's middle half▼ 1.0pp84.6%above the sector's middle half▲ 7.7pp73.4%above the sector's middle half▼ 11.2pp71.7%above the sector's middle half▼ 1.7pp
Current ratio2.31within the sector's middle half▲ 0.322.13within the sector's middle half▼ 0.183.22above the sector's middle half▲ 1.092.11within the sector's middle half▼ 1.111.94within the sector's middle half▼ 0.16
Return on assets (ROA)6.1%within the sector's middle half▼ 0.3pp0.4%within the sector's middle half▼ 5.7pp10.3%within the sector's middle half▲ 9.9pp0.5%within the sector's middle half▼ 9.8pp2.4%within the sector's middle half▲ 1.9pp
Staff (FTE)1.8=1.8=2.1▲ 16.7%2.1=2.1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 187% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281,032
Fixed assets
€176,842 ▲ 1.2%
Current assets
€104,190 ▼ 11.4%
Equity and liabilities €281,032
Equity
€201,445 ▼ 6.1%
Debt
€79,587 ▲ 2.3%
Debt's share of the balance-sheet total rises from 26.6% to 28.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32,527▲
2024 · €21,257
Cash flow
€28,785▲
2024 · €19,089
Quick ratio
1.67▼
2024 · 1.83
Debt to equity
0.40▲
2024 · 0.36
ROE
3.4%▲
2024 · 0.7%
Interest coverage
11.81▼
2024 · 12.11
Debt ≤ 1 year
€53,607▼
2024 · €55,815
Debt > 1 year
€25,958▲
2024 · €21,951
Income taxes
€987▲
2024 · €413
Staff costs
€127,094▲
2024 · €120,790
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €88,815 | €98,630 | €113,343 | €120,790 | €127,094 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,328 | €15,929 | €11,113 | €17,571 | €21,933 | ▲ 24.8% |
| Other operating charges640/8 | €3,268 | €3,481 | €3,503 | €3,759 | €3,850 | ▲ 2.4% |
| Gross operating margin9900 | €129,334 | €120,020 | €162,433 | €145,805 | €163,470 | ▲ 12.1% |
| Operating profit (loss)9901 | €20,922 | €1,980 | €34,474 | €3,685 | €10,593 | ▲ 187% |
| Financial income75/76B | €0 | €0 | €2 | - | €0 | - |
| Recurring financial income75 | €0 | €0 | €2 | - | €0 | - |
| Financial charges65/66B | €698 | €507 | €302 | €1,755 | €2,755 | ▲ 56.9% |
| Recurring financial charges65 | €698 | €507 | €302 | €1,755 | €2,755 | ▲ 56.9% |
| Profit (loss) for the period before taxes9903 | €20,224 | €1,474 | €34,175 | €1,930 | €7,838 | ▲ 306% |
| Income taxes67/77 | €1,987 | €291 | €3,267 | €413 | €987 | ▲ 139% |
| Profit (loss) for the period9904 | €18,237 | €1,183 | €30,908 | €1,517 | €6,852 | ▲ 352% |
| Profit (loss) for the period to be appropriated9905 | €18,237 | €1,183 | €30,908 | €1,517 | €6,852 | ▲ 352% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €298,696 | €288,623 | €299,009 | €292,381 | €281,032 | ▼ 3.9% |
| Fixed assets21/28 | €175,775 | €159,886 | €151,113 | €174,776 | €176,842 | ▲ 1.2% |
| Intangible fixed assets21 | €10,535 | €10,535 | €10,535 | €10,535 | €10,535 | = |
| Tangible fixed assets22/27 | €165,240 | €149,310 | €140,537 | €164,200 | €166,267 | ▲ 1.3% |
| Land and buildings22 | €140,210 | €134,722 | €129,233 | €123,744 | €118,256 | ▼ 4.4% |
| Plant, machinery and equipment23 | €1,318 | €989 | €2,804 | €2,007 | €21,209 | ▲ 957% |
| Furniture and vehicles24 | €23,711 | €13,600 | €8,500 | €38,449 | €26,802 | ▼ 30.3% |
| Financial fixed assets28 | - | €40 | €40 | €40 | €40 | = |
| Current assets29/58 | €122,921 | €128,737 | €147,896 | €117,605 | €104,190 | ▼ 11.4% |
| Stocks and contracts in progress3 | €5,168 | €10,023 | €4,572 | €15,204 | €14,732 | ▼ 3.1% |
| Stocks30/36 | €5,168 | €10,023 | €4,572 | €15,204 | €14,732 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €68,236 | €52,547 | €95,675 | €43,764 | €47,370 | ▲ 8.2% |
| Trade receivables40 | €68,236 | €52,530 | €95,675 | €43,764 | €47,370 | ▲ 8.2% |
| Other amounts receivable41 | - | €17 | - | - | - | - |
| Cash at bank and in hand54/58 | €44,408 | €60,545 | €41,241 | €51,902 | €35,182 | ▼ 32.2% |
| Deferred charges and accrued income490/1 | €5,109 | €5,622 | €6,409 | €6,735 | €6,906 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €298,696 | €288,623 | €299,009 | €292,381 | €281,032 | ▼ 3.9% |
| Equity10/15 | €232,985 | €222,168 | €253,076 | €214,593 | €201,445 | ▼ 6.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €214,385 | €203,568 | €234,476 | €195,993 | €182,845 | ▼ 6.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €212,525 | €201,708 | €232,616 | €194,133 | €180,985 | ▼ 6.8% |
| Amounts payable17/49 | €65,711 | €66,455 | €45,933 | €77,788 | €79,587 | ▲ 2.3% |
| Amounts payable after more than one year17 | €12,513 | €6,054 | - | €21,951 | €25,958 | ▲ 18.3% |
| Financial debts170/4 | €12,513 | €6,054 | - | €21,951 | €25,958 | ▲ 18.3% |
| Amounts payable within one year42/48 | €53,180 | €60,381 | €45,912 | €55,815 | €53,607 | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | €12,707 | €6,459 | €6,054 | €8,953 | €13,238 | ▲ 47.9% |
| Trade debts44 | €13,181 | €28,123 | €11,122 | €19,903 | €9,794 | ▼ 50.8% |
| Suppliers440/4 | €13,181 | €28,123 | €11,122 | €19,903 | €9,794 | ▼ 50.8% |
| Taxes, remuneration and social security45 | €23,138 | €25,245 | €28,182 | €22,425 | €24,094 | ▲ 7.4% |
| Taxes450/3 | €8,217 | €8,929 | €15,007 | €4,131 | €5,154 | ▲ 24.8% |
| Remuneration and social security454/9 | €14,921 | €16,316 | €13,175 | €18,294 | €18,939 | ▲ 3.5% |
| Other amounts payable47/48 | €4,154 | €554 | €554 | €4,534 | €6,481 | ▲ 42.9% |
| Accrued charges and deferred income492/3 | €18 | €20 | €21 | €22 | €22 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,237 | €1,183 | €30,908 | €1,517 | €6,852 | ▲ 352% |
| + Depreciation and write-downs630 | €16,328 | €15,929 | €11,113 | €17,571 | €21,933 | ▲ 24.8% |
| Operating cash flow (approximation) | €34,565 | €17,112 | €42,021 | €19,089 | €28,785 | ▲ 50.8% |
| Investment in fixed assets (approximation) | - | -€40 | -€2,340 | -€41,235 | -€24,000 | ▲ 41.8% |
| Change in cash | - | €16,137 | -€19,304 | €10,661 | -€16,720 | ▼ 257% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €30,908 ▲2,513%
Operating result €34,474, net result €30,908, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €1,183 ▼93.5%
Net result drops to €1,183, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €214,748 ▲9.5%
3 profitable years in a row build equity to €214,748.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 1987
Ground area
288 m²
Building footprint
283 m²
Volume, LiDAR
1,451 m³
Parcel 11364F0353/00B003, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
KANORA BVBA
since 19872.030.416.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11364F0353/00B003 | Flanders | 288 m² | 1 · 283 m² | 9.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
2022 to 2025 · 4 entries · 75,205 EUR awarded · 75,205 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 20,142 EUR | 20,142 EUR |
| 2024 | 1 | 19,447 EUR | 19,447 EUR |
| 2023 | 1 | 18,677 EUR | 18,677 EUR |
| 2022 | 1 | 16,939 EUR | 16,939 EUR |
Similar companies · same sector, comparable size
Etappe
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Beringen · Eq €201,487
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BE 0471.693.083
Gerpinnes · Eq €200,594
CYCLOON
BE 0867.813.765
Kaprijke · Eq €202,339
MYDO
BE 0466.175.268
Sint-Gillis (bij-Brussel) · Eq €199,931
DIGER
BE 0474.699.984
Antwerpen · Eq €203,394
Of 1,465 companies in sector 47632 we hold annual accounts for 733. 639 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-11-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430030395
Also
9925:BE0430030395
Registered
14-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.