Kelvin Projects
ActiveKelvin Projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €-777. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 58% of 7697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+1
Solvency86=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.12 in 2024; short-term debt: 39.4% and cash: 2.9% of total assets), and 39.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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 05-06-2026, 56 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
56 d early
2024
14 d early
2023
21 d early
2022
21 d early
2021
24 d early
2020
25 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€118k▼ 0.7%
2024 · €118k
2020: €127k
2021: €125k
2022: €118k
2023: €121k
2024: €118k
2020 → 2025
Total assets
€194k▼ 0.2%
2024 · €194k
2020: €219k
2021: €237k
2022: €194k
2023: €197k
2024: €194k
2020 → 2025
Net result
€-777▲ 65.6%
2024 · €-2k
2020: €125k
2021: €-2k
2022: €-7k
2023: €3k
2024: €-2k
2020 → 2025
Working capital
€-67k▼ 1.2%
2024 · €-67k
2020: €-53k
2021: €-55k
2022: €-72k
2023: €-64k
2024: €-67k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€118k▼ 5.7%€121k▲ 2.5%€118k▼ 1.9%€118k▼ 0.7%
Operating result€-2k-€-7k▼ 238%€3k€-2k€-600▲ 73.0%
Net result€-2k-€-7k▼ 233%€3k€-2k€-777▲ 65.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €600 in 2025 against €2k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194k
Fixed assets
€185k=
Current assets
€9k▼ 4.1%
Equity and liabilities €194k
Equity
€118k▼ 0.7%
Debt
€76k▲ 0.5%
The debt ratio rises from 39.1% to 39.4%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
60.6%▼
2024 · 60.9%
Current ratio
0.12▼
2024 · 0.12
Quick ratio
0.12▼
2024 · 0.12
Debt / equity
0.65▲
2024 · 0.64
ROE
-0.7%▲
2024 · -1.9%
ROA
-0.4%▲
2024 · -1.2%
Debt
€76k▲
2024 · €76k
Debt ≤ 1 year
€76k▲
2024 · €76k
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€194k€194k▼
Fixed assets21/28€185k€185k=
Financial fixed assets28€185k€185k=
Current assets29/58€9k€9k▼
Amounts receivable within one year40/41€1k€3k▲
Trade receivables40-€2k
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€194k€194k▼
Equity10/15€118k€118k▼
Contributions10/11€2k€2k=
Reserves13€116k€116k▼
Distributable reserves133€116k€116k▼
Amounts payable17/49€76k€76k▲
Amounts payable within one year42/48€76k€76k▲
Trade debts44-€387
Suppliers440/4-€387
Other amounts payable47/48€76k€76k=
Income statement
Code20242025
Other operating charges640/8€569€585▲
Gross operating margin9900€-2k€-14▲
Operating profit (loss)9901€-2k€-600▲
Financial charges65/66B€40€177▲
Recurring financial charges65€40€177▲
Profit (loss) for the period before taxes9903€-2k€-777▲
Profit (loss) for the period9904€-2k€-777▲
Profit (loss) for the period to be appropriated9905€-2k€-777▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-777▲
Transfer from equity791/2€2k€777▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (3 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Turnhout · 1 establishment unit since 2019
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.
Kempenlaan 2A2300 TurnhoutGround area
1.1 ha
Building footprint
787 m²
Volume, LiDAR
1,068 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kelvin Projects
since 20192.295.204.102
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0027/00S003 | Flanders | 9,976 m² | 1 · 637 m² | 9.8 m |
| 13046C0011/00C015 | Flanders | 1,368 m² | 1 · 150 m² | 7.3 m · 2 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.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,397. 7,161 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2019
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.