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Complete company report
Generated 15-07-2026
Active BE 0441.501.735Public limited company

KENBAT

Bollebergen 2A ·9052 Gent, Belgium· 35 yrs active
Sector: Real estate activities (68310)
Conclusion Checked

The computed 12-month bankruptcy probability of KENBAT is 0.2% (very low). The 2024 annual accounts show equity of €72k and a net result of €-638k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 1675 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €72k
Net result €-638k
Better than sector 25%
Active 35 yrs
Snowflake analysis 5 axes · computed by Checked
Health2Profitability0Solvency7Growth52Stability100
32 / 100

Fragile profile, watch profitability in particular.

Health 2
Profitability 0
Solvency 7
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Lower-risk legal form −

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 1990, 35 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
2 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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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 07-07-2025 with the NBB · fiscal year 2024 · verkort
€-1.00M€0€1.00M€2.00MOperating result 2020: €1.65M€1.65MNet result 2020: €-270k€-270kOperating result 2021: €47k€47kNet result 2021: €43k€43kOperating result 2022: €20k€20kNet result 2022: €7k€7kOperating result 2023: €21k€21kNet result 2023: €-431k€-431kOperating result 2024: €-21k€-21kNet result 2024: €-638k€-638k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~76% of the level (threshold 35%). We therefore deliberately show no projection line.
€-500k€0€500k€1.00M2018: €30k2019: €-55k2020: €1.16M2021: €1.20M2022: €1.20M2023: €709k2024: €72k2018201920202021202220232024
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).

Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 0.5% 14.2%
better than 25% of 1675 sector peers
Net result €-638k €-141
better than 5% of 1671 sector peers
Equity €72k €107k
better than 45% of 1675 sector peers
Gross operating margin €721k €50k
better than 91% of 1672 sector peers
Total assets €14.83M €1.50M
better than 92% of 1675 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€667k
+4.4% far above sector median
Net profit
€-638k
-48.0% far below sector median
Cash flow
€51k
-72.8% far above sector median
Total assets
€14.83M
-8.8% far above sector median
Equity
€72k
-89.9% -17% vs sector
Working capital
€-574k
- far below sector median
Debt
€14.38M
-5.1% far above sector median
Debt ≤ 1y
€2.58M
+1085.5% far above sector median
Debt > 1y
€11.73M
-20.6% far above sector median
Current ratio
0.78
-94.0% -66% vs sector
Quick ratio
0.18
-96.9% -92% vs sector
Solvency
0.5%
-88.9% -99% vs sector
Debt / equity
200.13
+837.2% far above sector median
ROE
-887.5%
-1361.7% far below sector median
ROA
-4.3%
-62.3% far below sector median
Interest coverage
1.05
-12.3% -95% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€667k
Net profit€-638k
Cash flow€51k
Staff costs-
Income taxes-
Dividends-
Total assets€14.83M
Equity€72k
Debt€14.38M
of which ≤ 1y€2.58M
of which > 1y€11.73M
Working capital€-574k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.78
Quick ratio0.18
Working capital ratio-3.9%
Solvency0.5%
Debt / equity200.13
Long-term debt ratio163.31
Interest coverage1.05
Gross margin-
Net margin-
ROA-4.3%
ROE-887.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€14.83M
Fixed assets 21/28€12.82M
Tangible fixed assets 22/27€12.82M
Current assets 29/58€2.01M
Stocks & contracts in progress 3€1.54M
Amounts receivable within one year 40/41€219k
Cash & bank 54/58€249k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€14.83M
Equity 10/15€72k
Contributions / capital 10/11€149k
Reserves 13€1.15M
Accumulated profits (losses) 14€-1.23M
Provisions & deferred taxes 16€378k
Amounts payable 17/49€14.38M
Amounts payable after one year 17€11.73M
Amounts payable within one year 42/48€2.58M
Trade debts payable within one year 44€76k
Income statement
Gross operating margin 9900€721k
Operating result 9901€-21k
Financial charges 65€637k
Result before taxes 9903€-659k
Net result for the period 9904€-638k
Result to be appropriated 9905€-574k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68310)
Legal form Public limited company(014)
Incorporation03-09-1990
StatusActive
Postal code9052
Establishment units 1 location
Bollebergen 2 A, 9052 Gent
de handel in eigen onroerend goed : flatgebouwen en woningen niet voor bewoning bestemde gebouwen, grond
since 20032.130.491.766
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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44082B0103/00E000 Flanders 6,306 m² 1 · 1,934 m² 20.0 m · 5 fl.
44082B0102/00L003 Flanders 678 m² 1 · 105 m² 11.5 m · 1 fl.
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.
Updates 19 events

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

2026
10-03-2026
State Gazette act Director changes
v3.2
2025
07-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
25-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
18-07-2023
State Gazette act Director changes
v3.2
27-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
12-12-2022
State Gazette act Director changes
v3.2
28-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
10-03-2022
State Gazette act Director changes
v3.2
2021
24-08-2021
State Gazette act Director changes
v3.2
21-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
16-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
11-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
11-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
16-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
23-11-2016
State Gazette act Director changes
v3.2
25-08-2016
State Gazette act Director changes
v3.2
05-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
26-10-2015
State Gazette act Director changes
v3.2
2014
26-08-2014
State Gazette act Director changes
v3.2
Belgisch Staatsblad, acts 9 acts
All acts · 9 updated 4 months ago
2026
10-03-2026 Eduard Ghislain Van Nevel resigns as niet statutaire bestuurder Director changes
  • Eduard Ghislain Van Nevel, Niet statutaire bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "niet-statutaire bestuurder",
      "person": {
        "rrn": null,
        "name": "Eduard Ghislain Van Nevel",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "Naamloze vennootschap (NV)"
  }
}
2023
18-07-2023 2 directors appointed Director changes
  • Borré Benni, Bestuurder
  • Borré Katti, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Borr\u00E9 Benni",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Borr\u00E9 Katti",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "Kenbat NV"
  }
}
2022
12-12-2022 Van Nevel Eduard appointed as director Director changes
  • Van Nevel Eduard, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Van Nevel Eduard",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "Kenbat"
  }
}
10-03-2022 4 directors appointed, 2 resigning Director changes
  • HEIREMANS Ghislaine Madeleine Gustave Maria, Bestuurder
  • BORRÉ Rudolf Renald Alin, Bestuurder
  • BORRÉ Rudolf Renald Alin, Voorzitter van de raad van bestuur
  • NICOBA, Gedelegeerd bestuurder
  • HEIREMANS Ghislaine Madeleine Gustave Maria, Bestuurder
  • BORRÉ Rudolf Renald Alin, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "HEIREMANS Ghislaine Madeleine Gustave Maria",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "HEIREMANS Ghislaine Madeleine Gustave Maria",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BORR\u00C9 Rudolf Renald Alin",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BORR\u00C9 Rudolf Renald Alin",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "voorzitter van de raad van bestuur",
      "person": {
        "rrn": null,
        "name": "BORR\u00C9 Rudolf Renald Alin",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "NICOBA",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "KENBAT"
  }
}
2021
24-08-2021 Heiremans Ghislaine appointed as director Director changes
  • Heiremans Ghislaine, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Heiremans Ghislaine",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "Kenbat"
  }
}
2016
23-11-2016 Leen Defoer resigns as statutory auditor Director changes
  • Leen Defoer, Commissaris
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Leen Defoer",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "Nicoba NV"
  }
}
25-08-2016 2 directors appointed Director changes
  • Borré Rudolf, Bestuurder
  • Borré Rudolf, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Borr\u00E9 Rudolf",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "Borr\u00E9 Rudolf",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "Nicoba NV"
  }
}
2015
26-10-2015 Heiremans Ghislaine appointed as director Director changes
  • Heiremans Ghislaine, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Heiremans Ghislaine",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "Kenbat"
  }
}
2014
26-08-2014 Enst & Young Lippens & Rabaey Audit BV CVBA appointed as statutory auditor Director changes
  • Enst & Young Lippens & Rabaey Audit BV CVBA, Commissaris
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Enst \u0026 Young Lippens \u0026 Rabaey Audit BV CVBA",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0441.501.735",
    "name_full": "Nicoba NV"
  }
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed70311
Primary activity highlighted.
Names & trade names
Legal nameNL KENBAT
Registered office
Bollebergen 2A bus 30
9052 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative