KELLVIN
Annual accounts 2024
micro format, filed on 07-06-2025, 54 days before the deadline-€273,423
▼ €188,665
-€543,102
▼ €245,731
-€665,793
▼ €292,465
-€216,404
▼ €184,575
10.5%
▼ 14.8 percentage points
0.63
▼ 0.33
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €660,616 on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Staff
€55,140
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2024, nobody joined and 1 person left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
660,616 | 1.3m | 1.6m | 1.1m | 642,861 | 518,268 | 365,186 | |
21/28 |
286,715 | 451,971 | 606,118 | 541,624 | 447,548 | 289,546 | 220,910 | |
21 |
286,045 | 447,960 | 594,306 | 528,966 | 445,260 | 286,033 | 215,939 | |
22/27 |
670 | 2,857 | 8,086 | 8,882 | 1,434 | 2,659 | 4,117 | |
23 |
670 | 2,020 | 3,370 | - | - | 78 | 389 | |
24 |
0 | 838 | 4,716 | 8,882 | 1,434 | 2,581 | 3,728 | |
28 |
0 | 1,154 | 3,726 | 3,776 | 854 | 854 | 854 | |
29/58 |
373,901 | 831,919 | 985,642 | 587,532 | 195,312 | 228,721 | 144,276 | |
3 |
346,218 | 553,232 | 604,267 | 11,395 | - | - | - | |
30/36 |
346,218 | 553,232 | 604,267 | 11,395 | - | - | - | |
40/41 |
17,399 | 152,645 | 54,135 | 57,904 | 21,328 | 14,861 | 7,004 | |
40 |
16,294 | 114,585 | 7,835 | 17,097 | 2,165 | 425 | 690 | |
41 |
1,105 | 38,060 | 46,300 | 40,807 | 19,164 | 14,437 | 6,314 | |
54/58 |
10,284 | 125,620 | 327,240 | 501,136 | 173,984 | 213,860 | 137,272 | |
490/1 |
0 | 421 | - | 17,097 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
660,616 | 1.3m | 1.6m | 1.1m | 642,861 | 518,268 | 365,186 | |
10/15 |
69,193 | 324,986 | 698,314 | 985,847 | 332,388 | 177,950 | 5,955 | |
10/11 |
2.2m | 1.8m | 1.8m | 1.8m | 825,000 | 525,000 | 225,000 | |
10 |
2.2m | 1.8m | 1.8m | 1.8m | - | - | - | |
100 |
2.2m | 1.8m | 1.8m | 1.8m | 825,000 | 525,000 | 225,000 | |
101 |
69,444 | - | - | - | - | - | - | |
14 |
-2.1m | -1.4m | -1.1m | -764,153 | -492,612 | -347,050 | -219,045 | |
17/49 |
591,423 | 958,904 | 893,446 | 143,309 | 310,472 | 340,318 | 359,231 | |
17 |
0 | 80,000 | - | - | 68,571 | 141,970 | 213,932 | |
170/4 |
0 | 80,000 | - | - | 68,571 | 141,970 | 213,932 | |
42/48 |
590,305 | 863,748 | 880,722 | 123,077 | 208,331 | 165,573 | 145,299 | |
42 |
400,000 | - | - | 68,571 | 73,400 | 71,962 | 70,552 | |
43 |
0 | 850,000 | 850,000 | 6,300 | 6,304 | 6,308 | 6,312 | |
430/8 |
0 | 850,000 | 850,000 | 6,300 | 6,304 | 6,308 | 6,312 | |
44 |
32,367 | 12,495 | 30,722 | 41,033 | 22,480 | 6,373 | 29,127 | |
440/4 |
32,367 | 12,495 | 30,722 | 41,033 | 22,480 | 6,373 | 29,127 | |
46 |
- | - | - | - | - | - | 32,893 | |
45 |
257 | 1,253 | - | 36 | - | - | 484 | |
450/3 |
257 | 868 | - | 36 | - | - | 484 | |
454/9 |
0 | 385 | - | - | - | - | - | |
47/48 |
157,680 | - | - | 7,138 | 106,148 | 80,931 | 5,931 | |
492/3 |
1,118 | 15,156 | 12,723 | 20,232 | 33,571 | 32,774 | - | |
| Income statement | ||||||||
9900 |
-273,423 | -84,758 | -82,549 | -86,923 | -11,060 | -20,141 | -74,435 | |
62 |
16,542 | 7,909 | - | - | - | - | 14,366 | |
630 |
172,810 | 203,635 | 188,604 | 183,325 | 124,419 | 102,035 | 118,827 | |
631/4 |
79,242 | - | - | - | - | - | - | |
640/8 |
1,086 | 1,069 | 1,187 | 549 | 598 | 546 | 989 | |
9901 |
-543,102 | -297,372 | -272,340 | -270,797 | -136,076 | -122,722 | -208,618 | |
75/76B |
3,633 | - | 3,175 | 3,642 | - | 536 | 488 | |
75 |
3,633 | - | 3,175 | 3,642 | - | 536 | 488 | |
65/66B |
126,323 | 75,956 | 18,367 | 4,386 | 9,486 | 5,819 | 10,916 | |
65 |
125,469 | 75,956 | 18,367 | 4,386 | 9,486 | 5,819 | 10,916 | |
66B |
854 | - | - | - | - | - | - | |
9903 |
-665,793 | -373,328 | -287,533 | -271,541 | -145,562 | -128,005 | -219,045 | |
9904 |
-665,793 | -373,328 | -287,533 | -271,541 | -145,562 | -128,005 | -219,045 | |
9905 |
-665,793 | -373,328 | -287,533 | -271,541 | -145,562 | -128,005 | -219,045 | |
| Appropriation of the result | ||||||||
9906 |
-2.1m | -1.4m | -1.1m | -764,153 | -492,612 | -347,050 | -219,045 | |
14P |
-1.4m | -1.1m | -764,153 | -492,612 | - | - | - | |
| Social balance sheet | ||||||||
9087 |
0.3 | 0.3 | - | - | - | - | 0.8 | |
Hours worked1013 |
912 | 530 | - | - | - | - | 935 | |
| Document | ||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 07-06-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 07-06-2025 | 2025-00131964 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00202164 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00314652 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20145527 | |
| 31-12-2020 | micro format | 06-07-2021 | 2021-31800529 | |
| 31-12-2019 | micro format | 05-10-2020 | 2020-60500396 | |
| 31-12-2018 | micro format | 24-07-2019 | 2019-38200064 |
Subsidies and aid
Flemish government 2022 to 2024, 4 entries, €14,931 awarded, €14,931 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | -€114 | €0 |
| 2023 | 1 | €4,120 | €14,131 |
| 2022 | 2 | €10,925 | €800 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| -370,293 | -93,737 | -83,736 | -87,471 | -11,658 | -20,687 | -89,790 | ||
| -492,983 | -169,693 | -98,928 | -88,216 | -21,143 | -25,969 | -100,218 | ||
| 8,707 | 52,060 | 253,149 | 277,401 | 282,421 | 170,672 | 339,737 | ||
| -115,336 | -201,620 | -173,896 | 327,152 | -39,876 | 76,589 | - | ||
| -216,404 | -31,829 | 104,920 | 464,455 | -13,019 | 63,148 | -1,023 | ||
| 10.5% | 25.3% | 43.9% | 87.3% | 51.7% | 34.3% | 1.6% | ||
| 0.63 | 0.96 | 1.12 | 4.77 | 0.94 | 1.38 | 0.99 | ||
| 0.05 | 0.32 | 0.43 | 4.68 | 0.94 | 1.38 | 0.99 | ||
| 8.55 | 2.95 | 1.28 | 0.15 | 0.93 | 1.91 | 60.33 | ||
| -962.2% | -114.9% | -41.2% | -27.5% | -43.8% | -71.9% | - | ||
| -100.8% | -29.1% | -18.1% | -24.0% | -22.6% | -24.7% | -60.0% | ||
| -2.95 | -1.23 | -4.56 | -19.94 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| full-time | - | 1 |
| in full-time equivalents | - | 1 |
| 0.3 | 0.3 | |
| On a permanent contract | - | 1 |
| Joined | 0 | 2 |
| Left | 1 | 1 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Securities and guarantees
on own assets and for others| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| - | €850,000 | €850,000 | - | |
| Mandates to pledge the business | - | €850,000 | €850,000 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €4,050 | €11,636 |
| Intangible fixed assets | €8,707 | €52,060 | €249,099 | €262,843 |
| Financial fixed assets | - | - | - | €2,922 |
| €172,810 | €203,635 | €188,604 | €183,325 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on KELLVIN
The operating result for 2024 is a loss of €543,102, larger than the loss of €297,372 in 2023. It is the lowest result since 2018.
Debt's share of the balance-sheet total rises from 74.7% to 89.5%. Equity and debt are lower.
Large changes and their cause
- 2021 Equity +197% on 2020. Capital increase of €370,313 (Official Gazette 06-05-2021).
- 2021 Total assets +76% on 2020. Capital increase of €154,688 (Official Gazette 06-05-2021). Capital increase of €370,313 (Official Gazette 06-05-2021).
- 2020 Equity +87% on 2019. Capital increase of €63,180 (Official Gazette 06-04-2020). Capital increase of €236,820 (Official Gazette 06-04-2020).