Ken Penne
ActiveKen Penne has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €507k and a net result of €24k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+41
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 13.67 against 16.32 in 2023; short-term debt: 7.3% and cash: 0% of total assets), and 7.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
92.7%
Return on assets
4.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
90 d late
2023
69 d late
2022
114 d late
2021
92 d late
2020
89 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€507k▲ 5.0%
2023 · €483k
2018: €111k
2019: €262k
2020: €372k
2021: €426k
2022: €475k
2023: €483k
2018 → 2024
Total assets
€547k▲ 6.3%
2023 · €514k
2018: €153k
2019: €277k
2020: €392k
2021: €462k
2022: €517k
2023: €514k
2018 → 2024
Net result
€24k▲ 221%
2023 · €7k
2018: €97k
2019: €151k
2020: €110k
2021: €53k
2022: €50k
2023: €7k
2018 → 2024
Working capital
€507k▲ 5.1%
2023 · €482k
2018: €103k
2019: €257k
2020: €372k
2021: €412k
2022: €470k
2023: €482k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€372k-€426k▲ 14.3%€475k▲ 11.7%€483k▲ 1.6%€507k▲ 5.0%
Operating result€136k-€67k▼ 50.4%€59k▼ 12.4%€3k▼ 94.6%€25k▲ 683%
Net result€110k-€53k▼ 51.8%€50k▼ 6.7%€7k▼ 85.0%€24k▲ 221%
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 2024; 2024 is 683% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €547k
Equity
€507k▲ 5.0%
Debt
€40k▲ 27.1%
The debt ratio rises from 6.1% to 7.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▲
2023 · €4k
Cash flow
€25k▲
2023 · €8k
Solvency
92.7%▼
2023 · 93.9%
Current ratio
13.67▼
2023 · 16.32
Quick ratio
13.67▼
2023 · 16.32
Debt / equity
0.08▲
2023 · 0.07
ROE
4.7%▲
2023 · 1.5%
ROA
4.4%▲
2023 · 1.4%
Interest coverage
11.85▲
2023 · 1.47
Debt
€40k▲
2023 · €31k
Debt ≤ 1 year
€40k▲
2023 · €31k
Income taxes
€13k▲
2023 · €6k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€514k€547k▲
Fixed assets21/28€742-
Tangible fixed assets22/27€742-
Furniture and vehicles24€742-
Current assets29/58€514k€547k▲
Amounts receivable within one year40/41€478k€498k▲
Trade receivables40€8k€44k▲
Other amounts receivable41€470k€454k▼
Cash at bank and in hand54/58€829€38▼
Deferred charges and accrued income490/1€35k€49k▲
Equity and liabilities
Total equity and liabilities10/49€514k€547k▲
Equity10/15€483k€507k▲
Contributions10/11€12k€12k=
Reserves13€470k€494k▲
Distributable reserves133€470k€494k▲
Amounts payable17/49€31k€40k▲
Amounts payable within one year42/48€31k€40k▲
Trade debts44€450€3k▲
Suppliers440/4€450€3k▲
Taxes, remuneration and social security45€31k€37k▲
Taxes450/3€31k€37k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€821€742▼
Other operating charges640/8€2k€387▼
Gross operating margin9900€6k€26k▲
Operating profit (loss)9901€3k€25k▲
Financial income75/76B€13k€14k▲
Recurring financial income75€13k€14k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€13k€37k▲
Income taxes67/77€6k€13k▲
Profit (loss) for the period9904€7k€24k▲
Profit (loss) for the period to be appropriated9905€7k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€24k▲
Transfer to equity691/2€7k€24k▲
To other reserves6921€7k€24k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
31-12
Financial
Equity above €500kEq €507k ▲5%
7 profitable years in a row build equity to €507k.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Weakest financial yearnet €7k ▼85%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 114 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Highest result since 2018net €151k ▲56.2%
Operating result €198k, net result €151k, both a record.
31-12
Financial
Liquidity times 5current ratio 17.93
Current ratio from 3.48 to 17.93; short-term debt falls from €42k to €15k.
31-12
Financial
Equity above €200kEq €262k ▲136%
2 profitable years in a row build equity to €262k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Erpe-Mere · 1 establishment unit since 2013
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.
Bergstraat 409420 Erpe-MereGround area
667 m²
Building footprint
115 m²
Volume, LiDAR
778 m³
Parcel 41040B0032/00P000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEN PENNE
since 20132.219.067.218
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040B0032/00P000 | Flanders | 667 m² | 1 · 115 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,761 companies in sector 69109 we hold annual accounts for 1,209. 733 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2013
Fiscal year end31-12
Activities, NACEBEL
69109Other legal services
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:ken_penne@yahoo.com