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KENDRYM

Active
Public limited companyfounded 199233 yrs activeFrilinglei 73, 2930 Brasschaat, BelgiumKBO/BCE: BE 0449.014.582
Summary

KENDRYM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €536,703 and a net result of -€10,488. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability49▼-12
Solvency81▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.84 against 0.08 in 2024; short-term debt: 0.2% and cash: 0.9% of total assets), and 43.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-12-2025, 56 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
56 d early
2024
48 d early
2023
38 d early
2022
38 d early
2021
53 d early
2020
38 d early
2019
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 44 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

KENDRYM was incorporated on 23 December 1992.1 Total assets went from EUR 1.1 million in 2019 to EUR 955,681 in 2025 and headcount from 0.6 full-time equivalents in 2019 to 0.5 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€536,703▼ 1.9%
2024 · €547,192
Total assets
€955,681▼ 4.3%
2024 · €998,927
Net result
-€10,488▲ 0.2%
2024 · -€10,510
Working capital
€6,043
2024 · -€323,617
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€39,850▼ 22.0%-€22,688▲ 43.1%€19,919-€12,630-€5,633▲ 55.4%
Net result-€38,321▼ 1,357%-€30,294▲ 20.9%€17,161-€10,510-€10,488▲ 0.2%
Equity€570,834▼ 6.3%€540,541▼ 5.3%€557,702▲ 3.2%€547,192▼ 1.9%€536,703▼ 1.9%
Total assets€1.4m▲ 1.0%€1.4m▼ 2.2%€1.0m▼ 26.1%€998,927▼ 1.6%€955,681▼ 4.3%
Debt€723,874▲ 9.9%€728,513▲ 0.6%€352,086▼ 51.7%€351,192▼ 0.3%€318,434▼ 9.3%
Working capital-€1,374▲ 98.8%-€361,374▼ 26,210%€16,349-€323,617€6,043
Staff (FTE)0.6=0.5▼ 16.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2021: -€39,850-€39,850Net result 2021: -€38,321-€38,321Operating result 2022: -€22,688-€22,688Net result 2022: -€30,294-€30,294Operating result 2023: €19,919€19,919Net result 2023: €17,161€17,161Operating result 2024: -€12,630-€12,630Net result 2024: -€10,510-€10,510Operating result 2025: -€5,633-€5,633Net result 2025: -€10,488-€10,48820212022202320242025-€20,000-€10,000€0€10,000€20,000Operating result 2023: €19,919€19,900Net result 2023: €17,161€17,200Operating result 2024: -€12,630-€12,600Net result 2024: -€10,510-€10,500Operating result 2025: -€5,633-€5,630Net result 2025: -€10,488-€10,500202320242025
The operating result stays negative: a loss of €5,633 in 2025 against €12,630 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €955,681
Fixed assets €947,512 ▼ 2.5%
Current assets €8,169 ▼ 70.0%
Equity and liabilities €955,681
Equity €536,703 ▼ 1.9%
Provisions €100,543 =
Debt €318,434 ▼ 9.3%
Debt's share of the balance-sheet total falls from 35.2% to 33.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€18,554▲
2024 · €12,377
Cash flow
€13,699▼
2024 · €14,497
Current ratio
3.84▲
2024 · 0.08
Debt to equity
0.59▼
2024 · 0.64
ROE
-2.0%▼
2024 · -1.9%
ROA
-1.1%▼
2024 · -1.1%
Interest coverage
3.82▼
2024 · 5.28
Debt ≤ 1 year
€2,125▼
2024 · €350,844
Debt > 1 year
€315,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 8,594 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€998,927€955,681▼
Fixed assets21/28€971,699€947,512▼
Tangible fixed assets22/27€971,699€947,512▼
Land and buildings22€965,682€942,498▼
Furniture and vehicles24€6,017€5,014▼
Current assets29/58€27,227€8,169▼
Cash at bank and in hand54/58€27,227€8,169▼
Equity and liabilities
Total equity and liabilities10/49€998,927€955,681▼
Equity10/15€547,192€536,703▼
Contributions10/11€247,894€247,894=
Capital10€247,894€247,894=
Issued capital100€247,894€247,894=
Reserves13€404,453€386,603▼
Tax-exempt reserves132€404,453€386,603▼
Profit (loss) carried forward14-€105,155-€97,793▲
Provisions and deferred taxes16€100,543€100,543=
Deferred taxes168€100,543€100,543=
Amounts payable17/49€351,192€318,434▼
Amounts payable after more than one year17-€315,000
Financial debts170/4-€315,000
Amounts payable within one year42/48€350,844€2,125▼
Current portion of amounts payable after more than one year42€350,000-
Trade debts44€671€1,929▲
Suppliers440/4€671€1,929▲
Other amounts payable47/48€173€196▲
Accrued charges and deferred income492/3€348€1,309▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,007€24,187▼
Other operating charges640/8€3,493€3,300▼
Gross operating margin9900€15,871€21,854▲
Operating profit (loss)9901-€12,630-€5,633▲
Financial charges65/66B€2,343€4,855▲
Recurring financial charges65€2,343€4,855▲
Profit (loss) for the period before taxes9903-€14,973-€10,488▲
Transfer from deferred taxes780€4,463-
Profit (loss) for the period9904-€10,510-€10,488▲
Transfer from tax-exempt reserves789€13,388€17,850▲
Profit (loss) for the period to be appropriated9905€2,877€7,362▲
Appropriation of the result
Profit (loss) to be appropriated9906-€105,155-€97,793▲
Profit (loss) brought forward from the previous period14P-€108,032-€105,155▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A--€27,879---
Goods, raw materials, services and sundry goods60/61-€12,857----
Remuneration, social security and pensions62-€14,736----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,688€35,001€25,007€25,007€24,187▼ 3.3%
Other operating charges640/8-€2,801€2,433€3,493€3,300▼ 5.5%
Gross operating margin9900€6,372€29,850€47,359€15,871€21,854▲ 37.7%
Operating profit (loss)9901-€39,850-€22,688€19,919-€12,630-€5,633▲ 55.4%
Financial charges65/66B-€13,391€2,757€2,343€4,855▲ 107%
Recurring financial charges65€11,243€13,391€2,757€2,343€4,855▲ 107%
Profit (loss) for the period before taxes9903-€51,092-€36,080€17,161-€14,973-€10,488▲ 29.9%
Transfer from deferred taxes780-€5,785-€4,463--
Income taxes67/77€2-----
Profit (loss) for the period9904-€38,321-€30,294€17,161-€10,510-€10,488▲ 0.2%
Transfer from tax-exempt reserves789-€17,357€181,874€13,388€17,850▲ 33.3%
Profit (loss) for the period to be appropriated9905-€28,386-€12,937€199,035€2,877€7,362▲ 156%
Line20212022202320242025Change
Assets
Total assets20/58€1.4m€1.4m€1.0m€998,927€955,681▼ 4.3%
Fixed assets21/28€1.4m€1.4m€996,706€971,699€947,512▼ 2.5%
Tangible fixed assets22/27€1.4m€1.4m€996,706€971,699€947,512▼ 2.5%
Land and buildings22-€1.4m€988,867€965,682€942,498▼ 2.4%
Furniture and vehicles24-€9,662€7,840€6,017€5,014▼ 16.7%
Current assets29/58€2,153€5,713€18,087€27,227€8,169▼ 70.0%
Amounts receivable within one year40/41€205-----
Cash at bank and in hand54/58€1,948€5,713€18,087€27,227€8,169▼ 70.0%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m€1.0m€998,927€955,681▼ 4.3%
Equity10/15€570,834€540,541€557,702€547,192€536,703▼ 1.9%
Contributions10/11€247,894€247,894€247,894€247,894€247,894=
Capital10-€247,894€247,894€247,894€247,894=
Issued capital100-€247,894€247,894€247,894€247,894=
Reserves13€545,787€599,714€417,840€404,453€386,603▼ 4.4%
Tax-exempt reserves132-€599,714€417,840€404,453€386,603▼ 4.4%
Profit (loss) carried forward14-€222,847-€307,067-€108,032-€105,155-€97,793▲ 7.0%
Provisions and deferred taxes16€110,791€105,006€105,006€100,543€100,543=
Deferred taxes168-€105,006€105,006€100,543€100,543=
Amounts payable17/49€723,874€728,513€352,086€351,192€318,434▼ 9.3%
Amounts payable after more than one year17€720,000€350,000€350,000-€315,000-
Financial debts170/4-€350,000€350,000-€315,000-
Amounts payable within one year42/48€3,527€367,087€1,738€350,844€2,125▼ 99.4%
Current portion of amounts payable after more than one year42---€350,000--
Financial debts43-€367,000----
Other loans439-€367,000----
Trade debts44€796-€1,465€671€1,929▲ 187%
Suppliers440/4--€1,465€671€1,929▲ 187%
Other amounts payable47/48-€87€273€173€196▲ 13.4%
Accrued charges and deferred income492/3-€11,426€348€348€1,309▲ 277%
Line20212022202320242025Change
Profit (loss) for the period9904-€38,321-€30,294€17,161-€10,510-€10,488▲ 0.2%
+ Depreciation and write-downs630€19,688€35,001€25,007€25,007€24,187▼ 3.3%
Operating cash flow (approximation)-€18,633€4,706€42,168€14,497€13,699▼ 5.5%
Investment in fixed assets (approximation)-€0€346,633€0€0-
Change in cash-€3,765€12,374€9,140-€19,059▼ 309%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
06-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial Liquidity times 50current ratio 3.84
Current ratio from 0.08 to 3.84; short-term debt falls from €350,844 to €2,125.
2024
14-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
24-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial Back to profitnet €17,161
Net result €17,161 after 3 loss-making years.
30-06
Financial Liquidity times 669current ratio 10.41
Current ratio from 0.02 to 10.41; short-term debt falls from €367,087 to €1,738.
2022
24-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
09-12
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial Weakest financial yearnet -€38,321
Net result drops to -€38,321, the lowest in the series; recovery starts the following year.
2020
24-12
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-12
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
03-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Brasschaat · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
2,462 m²
Building footprint
340 m²
Parcel 11323F0527/00G002, Flanders. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Frilinglei 73, 2930 Brasschaat
NACE 7412401
since 19932.060.339.188
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11323F0527/00G002 Flanders 2,462 m² 1 · 340 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded23-12-1992
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.