Active BE 0455.060.850Public limited company

KELNIC

Profeetstraat 68 ·2520 Ranst, Belgium· 31 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of KELNIC is 1.1% (low). The 2024 annual accounts show negative equity (€-52k) and a net result of €-16k. Equity is shrinking by ~63.9% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€-52k
Net result	€-16k
Active	31 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

60 / 100

Strong profile, led by profitability.

Health 7

Profitability 100

Solvency 33

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.1% Low

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Long-established

Founded in 1995, 31 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

7 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~63.9%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€-4k

- 18-24

Net profit

€-16k

-22.5% 18-24

Cash flow

€-5k

-158.1% 18-24

Total assets

€235k

-4.8% 18-24

Equity

€-52k

-45.9% 18-24

Working capital

€-286k

-1.8% 18-24

Income taxes

€164

+10.0% 18-24

Debt

€287k

+1.7% 18-24

Debt ≤ 1y

€287k

+1.7% 18-24

Debt > 1y

€153k

-8.1% 18-24

Current ratio

0.00

-27.5% 18-24

Quick ratio

0.00

-27.5% 18-24

Solvency

-22.4%

-53.2% 18-24

Debt / equity

-5.47

+30.3% 18-24

ROE

31.4%

-16.0% 18-24

ROA

-7.0%

-28.7% 18-24

Interest coverage

-11.94

- 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	€-4k
Net profit	€-16k
Cash flow	€-5k
Staff costs	-
Income taxes	€164
Dividends	-
Total assets	€235k
Equity	€-52k
Debt	€287k
of which ≤ 1y	€287k
of which > 1y	-
Working capital	€-286k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.00
Quick ratio	0.00
Working capital ratio	-122.1%
Solvency	-22.4%
Debt / equity	-5.47
Long-term debt ratio	-
Interest coverage	-11.94
Gross margin	-
Net margin	-
ROA	-7.0%
ROE	31.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €234k · 99.7% Current assets €730 · 0.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€235k
Fixed assets	21/28	€234k
Tangible fixed assets	22/27	€234k
Current assets	29/58	€730
Cash & bank	54/58	€730
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€235k
Equity	10/15	€-52k
Contributions / capital	10/11	€62k
Reserves	13	€32k
Accumulated profits (losses)	14	€-146k
Amounts payable	17/49	€287k
Amounts payable within one year	42/48	€287k
Trade debts payable within one year	44	€164
Income statement
Gross operating margin	9900	€-2k
Operating result	9901	€-16k
Financial charges	65	€370
Result before taxes	9903	€-16k
Income taxes	67/77	€164
Net result for the period	9904	€-16k
Result to be appropriated	9905	€-16k

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Ratios computed by Checked.

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	26-04-1995
Status	Active
Postal code	2520

Establishment units 1 location

KELNIC NV

Profeetstraat 68, 2520 RanstVerhuur van woningen, exclusief sociale woningen

since 19952.071.513.786

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11035C0333/00H000	Flanders	1,723 m²	1 · 236 m²	6.1 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

30-06-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

13-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

07-12-2023

State Gazette act Director changes

Cathérine Goossens

30-06-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

03-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

02-07-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

03-08-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

19-06-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

13-06-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

18-08-2017

NBB filing Annual accounts filed

fiscal year 2016 · micro

2016

08-08-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

07-12-2023 4 directors appointed, 2 resigning Director changes·Cathérine Goossens

Ivo Mortelmans, Bestuurder
Daniëlla Eykens, Bestuurder
Ivo Mortelmans, Dagelijks bestuur
Ivo Mortelmans, Voorzitter
Ivo Mortelmans, Bestuurder
Daniëlla Eykens, Bestuurder

Notary: Cathérine Goossens · Grobbendonk

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

KELNIC

Registered office

Profeetstraat 68

2520 Ranst, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.