KENNECTING
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 35 days after the deadline Filed on 4 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00501082.
Annual accounts 2025 filed on 04-09-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 66% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,564 | - | €8,042 |
| Depreciation and write-downs of the year | €1,208 | €1,178 | €2,190 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €22,721 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,208 | €1,178 | €2,190 | ▲ 85.9% |
| Other operating charges640/8 | €127 | €183 | - | - |
| Gross operating margin9900 | €39,180 | €92,611 | €33,175 | ▼ 64.2% |
| Operating profit (loss)9901 | €15,124 | €91,250 | €30,984 | ▼ 66.0% |
| Financial income75/76B | €0 | - | €4,134 | - |
| Recurring financial income75 | €0 | - | €4,134 | - |
| Financial charges65/66B | €1,116 | €1,743 | €2,355 | ▲ 35.1% |
| Recurring financial charges65 | €1,116 | €1,743 | €2,355 | ▲ 35.1% |
| Profit (loss) for the period before taxes9903 | €14,009 | €89,507 | €32,764 | ▼ 63.4% |
| Income taxes67/77 | €3,430 | €23,250 | €7,894 | ▼ 66.0% |
| Profit (loss) for the period9904 | €10,579 | €66,257 | €24,870 | ▼ 62.5% |
| Profit (loss) for the period to be appropriated9905 | €10,579 | €66,257 | €24,870 | ▼ 62.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €31,289 | €124,080 | €140,149 | ▲ 13.0% |
| Formation expenses20 | €1,704 | €838 | - | - |
| Fixed assets21/28 | €1,249 | €936 | €7,626 | ▲ 715% |
| Tangible fixed assets22/27 | €1,249 | €936 | €7,626 | ▲ 715% |
| Land and buildings22 | - | - | €1,878 | - |
| Plant, machinery and equipment23 | €1,249 | €936 | €5,015 | ▲ 436% |
| Furniture and vehicles24 | - | - | €733 | - |
| Current assets29/58 | €28,337 | €122,306 | €132,524 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €14,944 | €35,539 | €117,065 | ▲ 229% |
| Trade receivables40 | €14,944 | - | - | - |
| Other amounts receivable41 | - | €35,539 | €117,065 | ▲ 229% |
| Cash at bank and in hand54/58 | €13,393 | €86,767 | €15,459 | ▼ 82.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €31,289 | €124,080 | €140,149 | ▲ 13.0% |
| Equity10/15 | €13,579 | €79,836 | €104,706 | ▲ 31.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €10,579 | €76,836 | €101,706 | ▲ 32.4% |
| Amounts payable17/49 | €17,710 | €44,245 | €35,444 | ▼ 19.9% |
| Amounts payable within one year42/48 | €17,710 | €33,038 | €35,444 | ▲ 7.3% |
| Trade debts44 | €6,072 | €4,865 | €5,159 | ▲ 6.0% |
| Suppliers440/4 | €6,072 | €4,865 | €5,159 | ▲ 6.0% |
| Taxes, remuneration and social security45 | €7,994 | €28,173 | €30,285 | ▲ 7.5% |
| Taxes450/3 | €7,994 | €28,173 | €30,285 | ▲ 7.5% |
| Other amounts payable47/48 | €3,644 | - | - | - |
| Accrued charges and deferred income492/3 | - | €11,207 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,579 | €66,257 | €24,870 | ▼ 62.5% |
| + Depreciation and write-downs630 | €1,208 | €1,178 | €2,190 | ▲ 85.9% |
| Operating cash flow (approximation) | €11,787 | €67,435 | €27,060 | ▼ 59.9% |
| Investment in fixed assets (approximation) | - | -€865 | -€8,880 | ▼ 926% |
| Change in cash | - | €73,374 | -€71,309 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as KENNECTING has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KENNECTING itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for KENNECTING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.