KENENS
ActiveSummary
KENENS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €20k. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-10
Solvency69▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.84 in 2024; short-term debt: 55.7% and cash: 5.9% of total assets), but 55.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
44.3%
Return on assets
10.6%
Age of the figures
9 mo
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 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
50 d early
2023
48 d early
2022
54 d early
2021
80 d early
2020
57 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▲ 31.4%
2024 · €64k
2018: €13k
2019: €5k▼ -64.8% vs 2018lowest in 8 years
2020: €18k▲ +280% vs 2019
2021: €20k▲ +15.8% vs 2020
2022: €25k▲ +24.7% vs 2021
2023: €41k▲ +60.5% vs 2022
2024: €64k▲ +57.3% vs 2023
2025: €85k▲ +31.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€191k▲ 50.1%
2024 · €127k
2018: €33k
2019: €17k▼ -48.5% vs 2018lowest in 8 years
2020: €29k▲ +73.1% vs 2019
2021: €32k▲ +10.1% vs 2020
2022: €81k▲ +151% vs 2021
2023: €94k▲ +15.1% vs 2022
2024: €127k▲ +36.0% vs 2023
2025: €191k▲ +50.1% vs 2024highest in 8 years
2018 → 2025
Net result
€20k▼ 13.9%
2024 · €23k
2018: €-895
2019: €-9k▼ -857% vs 2018lowest in 8 years
2020: €13k▲ +252% vs 2019
2021: €3k▼ -78.5% vs 2020
2022: €5k▲ +80.3% vs 2021
2023: €15k▲ +206% vs 2022
2024: €23k▲ +52.1% vs 2023highest in 8 years
2025: €20k▼ -13.9% vs 2024
2018 → 2025
Working capital
€75k▲ 42.1%
2024 · €53k
2018: €10k
2019: €5k▼ -52.9% vs 2018lowest in 8 years
2020: €16k▲ +248% vs 2019
2021: €20k▲ +29.2% vs 2020
2022: €25k▲ +23.8% vs 2021
2023: €36k▲ +42.3% vs 2022
2024: €53k▲ +47.0% vs 2023
2025: €75k▲ +42.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€25k▲ 24.7%€41k▲ 60.5%€64k▲ 57.3%€85k▲ 31.4%
2021: €20klowest in 5 years
2022: €25k▲ +24.7% vs 2021
2023: €41k▲ +60.5% vs 2022
2024: €64k▲ +57.3% vs 2023
2025: €85k▲ +31.4% vs 2024highest in 5 years
Operating result€5k-€8k▲ 52.2%€28k▲ 264%€38k▲ 37.3%€36k▼ 6.2%
2021: €5klowest in 5 years
2022: €8k▲ +52.2% vs 2021
2023: €28k▲ +264% vs 2022
2024: €38k▲ +37.3% vs 2023highest in 5 years
2025: €36k▼ -6.2% vs 2024
Net result€3k-€5k▲ 80.3%€15k▲ 206%€23k▲ 52.1%€20k▼ 13.9%
2021: €3klowest in 5 years
2022: €5k▲ +80.3% vs 2021
2023: €15k▲ +206% vs 2022
2024: €23k▲ +52.1% vs 2023highest in 5 years
2025: €20k▼ -13.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191k
Fixed assets
€9k ▼ 17.7%
Current assets
€182k ▲ 56.8%
Equity and liabilities €191k
Equity
€85k ▲ 31.4%
Debt
€106k ▲ 69.3%
Debt's share of the balance-sheet total rises from 49.4% to 55.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▼
2024 · €40k
Cash flow
€22k▼
2024 · €26k
Current ratio
1.71▼
2024 · 1.84
Quick ratio
1.33▼
2024 · 1.35
Debt to equity
1.26▲
2024 · 0.98
ROE
23.9%▼
2024 · 36.4%
ROA
10.6%▼
2024 · 18.4%
Interest coverage
7.84▼
2024 · 16.59
Debt ≤ 1 year
€106k▲
2024 · €63k
Income taxes
€11k▼
2024 · €12k
Staff costs
€222k▲
2024 · €169k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€127k€191k▲
Fixed assets21/28€11k€9k▼
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€116k€182k▲
Stocks and contracts in progress3€31k€40k▲
Stocks30/36€31k€40k▲
Amounts receivable within one year40/41€82k€129k▲
Trade receivables40€80k€119k▲
Other amounts receivable41€2k€10k▲
Cash at bank and in hand54/58€2k€11k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€127k€191k▲
Equity10/15€64k€85k▲
Contributions10/11€28k€28k=
Reserves13€36k€57k▲
Distributable reserves133€36k€57k▲
Amounts payable17/49€63k€106k▲
Amounts payable within one year42/48€63k€106k▲
Financial debts43€11k€3k▼
Credit institutions430/8€11k€3k▼
Trade debts44€18k€64k▲
Suppliers440/4€18k€64k▲
Taxes, remuneration and social security45€34k€39k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€28k€34k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3-€82
Income statement
Code20242025
Remuneration, social security and pensions62€169k€222k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€211k€264k▲
Operating profit (loss)9901€38k€36k▼
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€35k€31k▼
Income taxes67/77€12k€11k▼
Profit (loss) for the period9904€23k€20k▼
Profit (loss) for the period to be appropriated9905€23k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€20k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€23k€20k▼
To other reserves6921€23k€20k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5k | €34k | €110k | €169k | €222k | ▲ 31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €226 | €947 | €2k | €2k | ▼ 2.5% |
| Other operating charges640/8 | €1k | €2k | €1k | €2k | €4k | ▲ 94.6% |
| Non-recurring operating charges66A | - | €8k | €0 | - | - | - |
| Gross operating margin9900 | €13k | €51k | €140k | €211k | €264k | ▲ 25.1% |
| Operating profit (loss)9901 | €5k | €8k | €28k | €38k | €36k | ▼ 6.2% |
| Financial income75/76B | €133 | €3 | €13 | €0 | €6 | ▲ 1,252% |
| Recurring financial income75 | €133 | €3 | €13 | €0 | €6 | ▲ 1,252% |
| Financial charges65/66B | €751 | €923 | €3k | €2k | €5k | ▲ 98.9% |
| Recurring financial charges65 | €751 | €923 | €3k | €2k | €5k | ▲ 98.9% |
| Profit (loss) for the period before taxes9903 | €4k | €7k | €25k | €35k | €31k | ▼ 13.3% |
| Income taxes67/77 | €2k | €2k | €9k | €12k | €11k | ▼ 12.3% |
| Profit (loss) for the period9904 | €3k | €5k | €15k | €23k | €20k | ▼ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €3k | €5k | €15k | €23k | €20k | ▼ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32k | €81k | €94k | €127k | €191k | ▲ 50.1% |
| Fixed assets21/28 | €358 | €132 | €5k | €11k | €9k | ▼ 17.7% |
| Intangible fixed assets21 | - | - | - | €6k | €4k | ▼ 23.4% |
| Tangible fixed assets22/27 | €358 | €132 | €5k | €4k | €3k | ▼ 19.1% |
| Plant, machinery and equipment23 | - | - | €2k | €2k | €1k | ▼ 27.2% |
| Furniture and vehicles24 | €358 | €132 | €410 | €0 | - | - |
| Other tangible fixed assets26 | - | - | €2k | €2k | €2k | ▼ 12.4% |
| Financial fixed assets28 | - | - | - | €2k | €2k | = |
| Current assets29/58 | €32k | €81k | €89k | €116k | €182k | ▲ 56.8% |
| Stocks and contracts in progress3 | €8k | €14k | €21k | €31k | €40k | ▲ 30.7% |
| Stocks30/36 | €8k | €14k | €21k | €31k | €40k | ▲ 30.7% |
| Amounts receivable within one year40/41 | €20k | €59k | €44k | €82k | €129k | ▲ 57.7% |
| Trade receivables40 | €17k | €55k | €40k | €80k | €119k | ▲ 49.4% |
| Other amounts receivable41 | €3k | €4k | €4k | €2k | €10k | ▲ 384% |
| Cash at bank and in hand54/58 | €9 | €2k | €21k | €2k | €11k | ▲ 510% |
| Deferred charges and accrued income490/1 | €4k | €6k | €3k | €2k | €2k | ▼ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32k | €81k | €94k | €127k | €191k | ▲ 50.1% |
| Equity10/15 | €20k | €25k | €41k | €64k | €85k | ▲ 31.4% |
| Contributions10/11 | €28k | €28k | €28k | €28k | €28k | = |
| Reserves13 | - | - | €13k | €36k | €57k | ▲ 55.6% |
| Distributable reserves133 | - | - | €13k | €36k | €57k | ▲ 55.6% |
| Profit (loss) carried forward14 | €-8k | €-3k | €0 | - | - | - |
| Amounts payable17/49 | €12k | €56k | €53k | €63k | €106k | ▲ 69.3% |
| Amounts payable within one year42/48 | €12k | €56k | €53k | €63k | €106k | ▲ 69.2% |
| Financial debts43 | €2k | €9k | €0 | €11k | €3k | ▼ 75.7% |
| Credit institutions430/8 | €2k | €9k | €0 | €11k | €3k | ▼ 75.7% |
| Trade debts44 | €8k | €37k | €37k | €18k | €64k | ▲ 251% |
| Suppliers440/4 | €8k | €37k | €37k | €18k | €64k | ▲ 251% |
| Taxes, remuneration and social security45 | €1k | €10k | €15k | €34k | €39k | ▲ 16.0% |
| Taxes450/3 | €656 | €1k | €68 | €6k | €5k | ▼ 12.2% |
| Remuneration and social security454/9 | €711 | €8k | €15k | €28k | €34k | ▲ 21.7% |
| Other amounts payable47/48 | €315 | €212 | €233 | €0 | - | - |
| Accrued charges and deferred income492/3 | €400 | €0 | - | - | €82 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €5k | €15k | €23k | €20k | ▼ 13.9% |
| + Depreciation and write-downs630 | €1k | €226 | €947 | €2k | €2k | ▼ 2.5% |
| Operating cash flow (approximation) | €4k | €5k | €16k | €26k | €22k | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €-9k | €0 | ▲ 100% |
| Change in cash | - | €2k | €20k | €-20k | €9k | ▲ 148% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €23k ▲52.1%
Operating result €38k, net result €23k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Heusden-Zolder · 1 establishment unit since 2011
Ground area
4,871 m²
Building footprint
1,160 m²
Volume, LiDAR
17,389 m³
Parcel 71065F0810/00N000, Flanders · tallest building 38.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MK schilderwerken
since 20112.199.293.866
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0810/00N000 | Flanders | 4,871 m² | 1 · 1,160 m² | 38.7 m · 5 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 500 EUR awarded · 1,835 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 1,335 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 1 endedDecoratie en schilderwerken duaal (so)
Fijnschilder (vwo)
Fijnschilder duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (vwo)
Show 1 ended approval
Schilder-decorateur (so)
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Of 7,863 companies in sector 43341 we hold annual accounts for 2,663. 2,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.