KENMERCK
ActiveSummary
KENMERCK has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€59,556) and a net result of €14,299. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+48
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.39 in 2024; short-term debt: 219.4% and cash: 34.3% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-158.5%
Return on assets
38.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 18626 sector peers (2025).
NBB · sector comparisonPosition among 18626 sector peers
Solvency
better than 8%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
111 d late
2023
21 d late
2022
18 d early
2021
12 d early
2020
8 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 23 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€110,521
EBIT margin
15.0%
Net result
€14,299▲ 133%
2024 · €6,126
Working capital
-€44,872▲ 21.4%
2024 · -€57,081
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€110,521
Operating result€2,696▼ 17.3%-€26,204€16,627€16,648▲ 0.1%€20,299▲ 21.9%
Net result€85within the sector's middle half▼ 83.0%-€28,070below the sector's middle half€4,146within the sector's middle half€6,126within the sector's middle half▲ 47.8%€14,299within the sector's middle half▲ 133%
EBIT margin15.0%
Equity-€59,057below the sector's middle half▲ 0.1%-€87,127below the sector's middle half▼ 47.5%-€79,981below the sector's middle half▲ 8.2%-€73,855below the sector's middle half▲ 7.7%-€59,556below the sector's middle half▲ 19.4%
Total assets€77,163within the sector's middle half▲ 9.5%€67,685within the sector's middle half▼ 12.3%€42,080below the sector's middle half▼ 37.8%€37,441below the sector's middle half▼ 11.0%€37,573below the sector's middle half▲ 0.4%
Debt€136,220▲ 5.1%€154,812▲ 13.6%€122,061▼ 21.2%€111,296▼ 8.8%€97,129▼ 12.7%
Working capital-€71,553below the sector's middle half▲ 17.0%-€96,432below the sector's middle half▼ 34.8%-€61,988below the sector's middle half▲ 35.7%-€57,081below the sector's middle half▲ 7.9%-€44,872below the sector's middle half▲ 21.4%
Solvency-76.5%below the sector's middle half▲ 7.4pp-128.7%below the sector's middle half▼ 52.2pp-190.1%below the sector's middle half▼ 61.3pp-197.3%below the sector's middle half▼ 7.2pp-158.5%below the sector's middle half▲ 38.7pp
Current ratio0.42below the sector's middle half▲ 0.120.35below the sector's middle half▼ 0.070.40below the sector's middle half▲ 0.050.39below the sector's middle half▼ 0.010.46below the sector's middle half▲ 0.07
Return on assets (ROA)0.1%within the sector's middle half▼ 0.6pp-41.5%below the sector's middle half▼ 41.6pp9.9%within the sector's middle half▲ 51.3pp16.4%above the sector's middle half▲ 6.5pp38.1%above the sector's middle half▲ 21.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Key figures and ratios
Quick ratio
0.16▲
2024 · 0.09
Debt to equity
-1.63▼
2024 · -1.51
Debt ≤ 1 year
€82,445▼
2024 · €93,417
Debt > 1 year
€14,684▼
2024 · €17,879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,180 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €110,521 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €90,481 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,375 | €8,749 | €340 | €0 | - | - |
| Other operating charges640/8 | €658 | €2,124 | €5,074 | €6,879 | €8,575 | ▲ 24.7% |
| Gross operating margin9900 | €11,729 | -€15,331 | €22,041 | €23,527 | €28,874 | ▲ 22.7% |
| Operating profit (loss)9901 | €2,696 | -€26,204 | €16,627 | €16,648 | €20,299 | ▲ 21.9% |
| Financial income75/76B | €7 | €107 | €7 | - | - | - |
| Recurring financial income75 | €7 | €107 | €7 | - | - | - |
| Financial charges65/66B | €2,501 | €1,973 | €12,488 | €10,522 | €6,000 | ▼ 43.0% |
| Recurring financial charges65 | €2,501 | €1,973 | €12,488 | €10,522 | €6,000 | ▼ 43.0% |
| Profit (loss) for the period before taxes9903 | €202 | -€28,070 | €4,146 | €6,126 | €14,299 | ▲ 133% |
| Income taxes67/77 | €117 | - | - | - | - | - |
| Profit (loss) for the period9904 | €85 | -€28,070 | €4,146 | €6,126 | €14,299 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €85 | -€28,070 | €4,146 | €6,126 | €14,299 | ▲ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,163 | €67,685 | €42,080 | €37,441 | €37,573 | ▲ 0.4% |
| Fixed assets21/28 | €26,107 | €16,488 | €1,105 | €1,105 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €26,107 | €16,488 | €1,105 | €1,105 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €330 | - | - | - | - | - |
| Leasing and similar rights25 | €6,988 | €1,278 | €0 | - | - | - |
| Other tangible fixed assets26 | €18,789 | €15,210 | €1,105 | €1,105 | €0 | ▼ 100% |
| Current assets29/58 | €51,056 | €51,197 | €40,974 | €36,336 | €37,573 | ▲ 3.4% |
| Stocks and contracts in progress3 | €41,544 | €47,921 | €30,596 | €27,568 | €24,698 | ▼ 10.4% |
| Stocks30/36 | €41,544 | €47,921 | €30,596 | €27,568 | €24,698 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €8,254 | €1,051 | €3,762 | €0 | - | - |
| Trade receivables40 | €8,115 | €911 | €0 | €0 | - | - |
| Other amounts receivable41 | €139 | €140 | €3,762 | €0 | - | - |
| Cash at bank and in hand54/58 | €1,258 | €2,225 | €6,616 | €8,768 | €12,875 | ▲ 46.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,163 | €67,685 | €42,080 | €37,441 | €37,573 | ▲ 0.4% |
| Equity10/15 | -€59,057 | -€87,127 | -€79,981 | -€73,855 | -€59,556 | ▲ 19.4% |
| Contributions10/11 | €12,400 | €12,400 | €15,400 | €15,400 | €15,400 | = |
| Profit (loss) carried forward14 | -€71,457 | -€99,527 | -€95,381 | -€89,255 | -€74,956 | ▲ 16.0% |
| Amounts payable17/49 | €136,220 | €154,812 | €122,061 | €111,296 | €97,129 | ▼ 12.7% |
| Amounts payable after more than one year17 | €13,611 | €7,184 | €19,099 | €17,879 | €14,684 | ▼ 17.9% |
| Financial debts170/4 | €13,611 | €7,184 | €19,099 | €17,879 | €14,684 | ▼ 17.9% |
| Amounts payable within one year42/48 | €122,609 | €147,629 | €102,962 | €93,417 | €82,445 | ▼ 11.7% |
| Current portion of amounts payable after more than one year42 | €7,416 | €4,915 | €2,878 | €5,548 | €7,845 | ▲ 41.4% |
| Financial debts43 | €14,627 | €19,244 | €9,546 | €3,279 | €4,875 | ▲ 48.7% |
| Credit institutions430/8 | €14,627 | €19,244 | €9,546 | €3,279 | €4,875 | ▲ 48.7% |
| Trade debts44 | €2,972 | €17,241 | €11,655 | €12,897 | €5,742 | ▼ 55.5% |
| Suppliers440/4 | €2,972 | €17,241 | €11,655 | €12,897 | €5,742 | ▼ 55.5% |
| Taxes, remuneration and social security45 | €12,506 | €20,676 | €10,420 | €9,162 | €10,006 | ▲ 9.2% |
| Taxes450/3 | €7,306 | €19,526 | €9,170 | €6,712 | €5,748 | ▼ 14.4% |
| Remuneration and social security454/9 | €5,200 | €1,150 | €1,250 | €2,450 | €4,258 | ▲ 73.8% |
| Other amounts payable47/48 | €85,087 | €85,553 | €68,464 | €62,531 | €53,977 | ▼ 13.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85 | -€28,070 | €4,146 | €6,126 | €14,299 | ▲ 133% |
| + Depreciation and write-downs630 | €8,375 | €8,749 | €340 | €0 | - | - |
| Operating cash flow (approximation) | €8,460 | -€19,321 | €4,486 | €6,126 | €14,299 | ▲ 133% |
| Investment in fixed assets (approximation) | - | €869 | €15,043 | €0 | €1,105 | ▲ 345,213% |
| Change in cash | - | €967 | €4,391 | €2,152 | €4,107 | ▲ 90.8% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €14,299 ▲133%
Operating result €20,299, net result €14,299, both a record.
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-12
Financial
Back to profitnet €4,146
Net result €4,146 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €502
Net result €502 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mechelen · 1 establishment unit since 2017
Ground area
121 m²
Building footprint
73 m²
Volume, LiDAR
713 m³
Parcel 12025D0713/00B000, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KENMERCK
since 20172.264.012.563
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025D0713/00B000 | Flanders | 121 m² | 1 · 73 m² | 13.5 m · 3 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
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Similar companies · same sector and region
BEGA
BE 0451.297.052
Mechelen
BELLEZZA NUOVA
BE 0524.841.363
Mechelen
De kOpvoeter
BE 0797.882.507
Mechelen
TRENTUNO
BE 0449.994.579
Mechelen
ATELIER D'ANVERS
BE 0507.997.116
Antwerpen
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,035 companies in sector 47721 we hold annual accounts for 583. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674943519
Also
9925:BE0674943519
Registered
10-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.