Equity
€706,255 from €3.2m in 2010
Equity fell by 78% in 15 years.
KENOMAR
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999Gross marginpeak €2.7m (2006)
€94,510▲ 8.3%
Resultlowest -€1.5m (2011)
-€29,118▼ €4,809
Equitypeak €3.2m (2010)
€706,255▼ 4.0%
Debts
€4.7m▲ 39.1%
Staffpeak 55 FTE (2011)
-not published
Board2 names since 2016
1 directorJOASSART Philippe
Owners2 names in the annual accounts
Documentsfilings and deeds
29-05-202663 days before the deadline
2025financial year
Loss of €29,118Debts from €3.4m to €4.7mCash from €95,590 to €27,021
Key points
from the 2025 annual accountsLosses
-€53,427 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€4.7m 87% of the balance sheet
Financial debts 27%Suppliers 0%Taxes and wages 0%Other 73%
Of this, €4.6m falls due within a year.
Investments
€1,214 0.0 × depreciation
Green is investment, beige is depreciation.
Staff
52 employees on 31-12-2025
In 2025, 21 people joined and 26 left.
Filings
27 annual accounts since 1999
Three of the last ten came late. The 2016 accounts came latest: 21 days after the end of the period.
Checked score
92
Excellent
Financially stronger than 34% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,996 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.40, cash €27,021, halved
Equity €706,255 (13.1% of total assets)
lowers risk
Size: total assets €5.4m
Figures for financial year 2025 (filed on 29-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 32% of them on solvency, 5% on liquidity, 66% on profitability and 30% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as KENOMAR has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KENOMAR itself is lower: 0.1% within 12 months. It rests on far more data about KENOMAR than the profile alone.
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 2,507 companies, not a prediction for KENOMAR. 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.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.4 (0.15 in 2024), below 1. Short-term debt is 86.5% and cash 0.5% of total assets. 86.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€29,118
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 days early
2024
65 days early
2023
34 days early
2022
9 days late
2021
60 days early
2020
52 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464006923
Appointment: JOASSART Philippe (sole director)
Permanent representative: JOASSART Philippe · General meeting of 05-12-2023 · Gazette deed
Reappointment: Philippe JOASSART (director)
Resignation: Véronique LOUIS (director) · General meeting of 06-05-2022 · Gazette deed
First establishment
Rue des Alouettes 99, Herstal
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| KENOMAR Visé | €5.4m | €94,510 | 13.1% | - |
| HORNICK Olen | €4.4m | €97,921 | 92.6% | - |
| NIBACO Hooglede | €5.1m | €112,170 | 94.5% | - |
| UNIVERSAL PERFORMANCE Ouffet | €4.7m | €112,887 | 72.6% | - |
| brit invest Uccle | €4.7m | €95,944 | 49.6% | - |
| VAZON Nieuwerkerken (Limb.) | €4.2m | €81,028 | 69.0% | - |
| IMMOFER Waterloo | €5.3m | €76,087 | 56.1% | - |
These companies have the same main activity as KENOMAR: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €4.2m and €5.3m, founded between 1993 and 2003.
Official details
Source: KBO- Status
- Active since 02-09-1998Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.088.318.1464042 Herstal, since 08-09-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 04-09-2025
Annual accounts 2025
- Turnover
- ≈ €120,000estimated
- Total assets
- €5.4m▲ 31.4%
- Employeeson 31-12-2025
- 52
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Insights on KENOMAR
KENOMAR has existed since 1998. In 2022 the gross margin rose from €96,354 to €433,009.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KENOMAR
- What is the company number of KENOMAR?
- The company number of KENOMAR is 0464.006.923. The VAT number is the same number with BE in front: BE 0464.006.923.
- Where is KENOMAR based?
- The registered office is at Rue Lieutenant Joassart 6, 4601 Visé.Company details
- What does KENOMAR do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of KENOMAR?
- KENOMAR is a public limited company (NV).
- When was KENOMAR founded?
- KENOMAR was founded on 02-09-1998.
- Is KENOMAR still active?
- Yes, KENOMAR is an active enterprise in the KBO register.
- What is the turnover of KENOMAR?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €94,510 and 45 comparable companies (NACE 682). It probably lies between €110,000 and €160,000. In financial year 2024 turnover was €117,455.Financials
- Is KENOMAR profitable?
- In financial year 2025, KENOMAR made a loss of €29,118.
- Where can I find the annual accounts of KENOMAR?
- KENOMAR filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KENOMAR due?
- KENOMAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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