KENOMAR
ActiveKENOMAR has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €706k and a net result of €-29k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-11
Solvency38▼-5
Growth57=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.15 in 2024; short-term debt: 86.5% and cash: 0.5% of total assets), and 86.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
13.1%
Return on assets
-0.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-29k
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
65 d early
2023
34 d early
2022
9 d late
2021
60 d early
2020
52 d early
2019
on the day
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€117k▼ 2.1%
2021 · €120k
2019: €152k
2021: €120k
2019 → 2024
EBIT margin
-22.5%▼ 100.3pp
2021 · 77.8%
2019: 72.8%
2021: 77.8%
2019 → 2024
Net result
€-29k▼ 19.8%
2024 · €-24k
2018: €-36k
2019: €110k
2020: €-8k
2021: €93k
2022: €386k
2023: €21k
2024: €-24k
2018 → 2025
Working capital
€-2.78M▲ 2.6%
2024 · €-2.85M
2018: €11k
2019: €102k
2020: €261k
2021: €355k
2022: €737k
2023: €-1.93M
2024: €-2.85M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€120k-€117k
Equity€352k-€739k▲ 110%€760k▲ 2.9%€735k▼ 3.2%€706k▼ 4.0%
Operating result€93k-€428k▲ 359%€25k▼ 94.1%€-26k€-21k▲ 22.5%
Net result€93k-€386k▲ 316%€21k▼ 94.5%€-24k€-29k▼ 19.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €26k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.37M
Fixed assets
€3.50M▼ 2.8%
Current assets
€1.87M▲ 285%
Equity and liabilities €5.37M
Equity
€706k▼ 4.0%
Debt
€4.67M▲ 39.1%
The debt ratio rises from 82.0% to 86.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€81k▲
2024 · €75k
Cash flow
€72k▼
2024 · €78k
Solvency
13.1%▼
2024 · 18.0%
Current ratio
0.40▲
2024 · 0.15
Quick ratio
0.02▼
2024 · 0.04
Debt / equity
6.61▲
2024 · 4.56
ROE
-4.1%▼
2024 · -3.3%
ROA
-0.5%▲
2024 · -0.6%
Interest coverage
9.80▼
2024 · 1033.62
Debt
€4.67M▲
2024 · €3.35M
Debt ≤ 1 year
€4.65M▲
2024 · €3.34M
Debt > 1 year
€16k▲
2024 · €16k
Income taxes
€366▲
2024 · €340
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.09M€5.37M▲
Fixed assets21/28€3.60M€3.50M▼
Tangible fixed assets22/27€2.60M€2.50M▼
Land and buildings22€2.53M€2.45M▼
Plant, machinery and equipment23€506€355▼
Furniture and vehicles24€79k€57k▼
Financial fixed assets28€1.00M€1.00M=
Current assets29/58€485k€1.87M▲
Stocks and contracts in progress3€351k€1.79M▲
Stocks30/36€351k€1.79M▲
Amounts receivable within one year40/41€38k€46k▲
Trade receivables40€0€0=
Other amounts receivable41€38k€46k▲
Cash at bank and in hand54/58€96k€27k▼
Equity and liabilities
Total equity and liabilities10/49€4.09M€5.37M▲
Equity10/15€735k€706k▼
Contributions10/11€115k€115k=
Capital10€115k€115k=
Issued capital100€115k€115k=
Reserves13€588k€588k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€20k€20k=
Distributable reserves133€557k€557k=
Profit (loss) carried forward14€32k€3k▼
Amounts payable17/49€3.35M€4.67M▲
Amounts payable after more than one year17€16k€16k▲
Other amounts payable178/9€16k€16k▲
Amounts payable within one year42/48€3.34M€4.65M▲
Financial debts43-€1.24M
Credit institutions430/8-€1.24M
Trade debts44€67k€1k▼
Suppliers440/4€67k€1k▼
Taxes, remuneration and social security45€3k€405▼
Taxes450/3€3k€405▼
Other amounts payable47/48€3.27M€3.41M▲
Accrued charges and deferred income492/3€0€4k▲
Income statement
Code20242025
Turnover70€117k-
Goods, raw materials, services and sundry goods60/61€45k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€101k▼
Other operating charges640/8€12k€14k▲
Gross operating margin9900€87k€95k▲
Operating profit (loss)9901€-26k€-21k▲
Financial income75/76B€3k€0▼
Recurring financial income75€3k€0▼
Financial charges65/66B€73€8k▲
Recurring financial charges65€73€8k▲
Profit (loss) for the period before taxes9903€-24k€-29k▼
Income taxes67/77€340€366▲
Profit (loss) for the period9904€-24k€-29k▼
Profit (loss) for the period to be appropriated9905€-24k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€3k▼
Profit (loss) brought forward from the previous period14P€56k€32k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Highest result since 2018net €386k ▲316%
Operating result €428k, net result €386k, both a record.
31-12
Financial
Equity above €500kEq €739k ▲110%
2 profitable years in a row build equity to €739k.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €93k
Net result €93k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €110k
Net result €110k after one loss-making year.
31-12
Financial
Equity above €200kEq €267k ▲69.6%
Equity rises from €157k to €267k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Visé · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Lieutenant Joassart(ARG) 64601 ViséGround area
1.5 ha
Building footprint
4,598 m²
Volume, LiDAR
27,248 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Alouettes 99, 4042 Herstal
since 19982.088.318.146
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62064A0220/00E002 | Wallonia | 1.2 ha | 1 · 4,460 m² | 8.5 m · 2 fl. |
| 62005A0306/00L000 | Wallonia | 2,766 m² | 1 · 137 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
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.
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IMMO CONSULTANCE
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BRAEKEVELT VASTGOED
BE 0543.814.959
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IMMOBILIERE U.J.P.
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Ecosquare
BE 0447.740.419
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Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 4,987 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-09-1998
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.