KENTISOL
ActiveSummary
The computed 12-month bankruptcy probability of KENTISOL is 1.6% (moderate). The 2025 annual accounts show equity of €694,733 and a net result of -€188,003. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 2075 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-43
Solvency55▼-9
Growth35▼-43
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.87 against 1.01 in 2024; short-term debt: 65.6% and cash: 12.7% of total assets), and 69.8% of the assets are financed with debt.
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.
−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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
36 d early
2022
3 d early
2021
30 d late
2020
16 d early
2019
76 d late
← 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 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 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 trust this company with building work?Contractor check 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
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, full schema
In the rankings
#7 employer in Bruges, Construction sector
Turnover
€7.2m▼ 18.2%
2024 · €8.8m
EBIT margin
-2.2%▼ 3.2pp
2024 · 1.0%
Net result
-€188,003
2024 · €33,912
Working capital
-€196,440
2024 · €15,453
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€8.8m€7.2m▼ 18.2%
Operating result€179,165▼ 16.8%€139,869▼ 21.9%€80,553▼ 42.4%€91,996▲ 14.2%-€158,059
Net result€101,498within the sector's middle half▼ 5.2%€76,436within the sector's middle half▼ 24.7%€20,460within the sector's middle half▼ 73.2%€33,912within the sector's middle half▲ 65.7%-€188,003below the sector's middle half
EBIT margin1.0%-2.2%▼ 3.2pp
Equity€751,927above the sector's middle half▲ 15.6%€828,363above the sector's middle half▲ 10.2%€848,823above the sector's middle half▲ 2.5%€882,735above the sector's middle half▲ 4.0%€694,733within the sector's middle half▼ 21.3%
Total assets€2.6mabove the sector's middle half▼ 9.7%€2.6mabove the sector's middle half▲ 0.6%€3.0mabove the sector's middle half▲ 16.9%€2.2mabove the sector's middle half▼ 26.2%€2.3mwithin the sector's middle half▲ 2.4%
Debt€1.8m▼ 17.2%€1.8m▼ 3.3%€2.2m▲ 23.7%€1.4m▼ 37.8%€1.6m▲ 17.7%
Working capital€312,563within the sector's middle half▲ 73.1%€273,724within the sector's middle half▼ 12.4%€155,746within the sector's middle half▼ 43.1%€15,453below the sector's middle half▼ 90.1%-€196,440below the sector's middle half
Solvency29.0%within the sector's middle half▲ 6.4pp31.8%within the sector's middle half▲ 2.8pp27.9%within the sector's middle half▼ 3.9pp39.3%within the sector's middle half▲ 11.4pp30.2%within the sector's middle half▼ 9.1pp
Current ratio1.22within the sector's middle half▲ 0.121.18within the sector's middle half▼ 0.041.08below the sector's middle half▼ 0.101.01below the sector's middle half▼ 0.070.87below the sector's middle half▼ 0.14
Return on assets (ROA)3.9%within the sector's middle half▲ 0.2pp2.9%within the sector's middle half▼ 1.0pp0.7%below the sector's middle half▼ 2.3pp1.5%within the sector's middle half▲ 0.8pp-8.2%below the sector's middle half▼ 9.7pp
Staff (FTE)36.3above the sector's middle half▲ 20.2%36.2above the sector's middle half▼ 0.3%35.9above the sector's middle half▼ 0.8%33.4above the sector's middle half▼ 7.0%27within the sector's middle half▼ 19.2%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €158,059 after €91,996 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€987,910 ▼ 4.1%
Current assets
€1.3m ▲ 7.9%
Equity and liabilities €2.3m
Equity
€694,733 ▼ 21.3%
Debt
€1.6m ▲ 17.7%
Debt's share of the balance-sheet total rises from 60.7% to 69.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,989▼
2024 · €239,385
Cash flow
-€24,954▼
2024 · €181,301
Quick ratio
0.85▼
2024 · 0.98
Debt to equity
2.31▲
2024 · 1.55
ROE
-27.1%▼
2024 · 3.8%
Interest coverage
0.25▼
2024 · 8.69
Debt ≤ 1 year
€1.5m▲
2024 · €1.2m
Debt > 1 year
€90,237▼
2024 · €157,623
Income taxes
€5,623▼
2024 · €26,883
Staff costs
€1.8m▼
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €9.6m | €7.8m | ▼ 19.0% |
| Turnover70 | - | - | - | €8.8m | €7.2m | ▼ 18.2% |
| Other operating income74 | - | - | - | €771,562 | €559,677 | ▼ 27.5% |
| Non-recurring operating income76A | €34,917 | €4,770 | €8,413 | €0 | - | - |
| Operating charges60/66A | - | - | - | €9.5m | €7.9m | ▼ 16.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.0m | €3.9m | ▼ 22.2% |
| Purchases600/8 | - | - | - | €5.0m | €3.9m | ▼ 22.4% |
| Change in stocks: decrease (increase)609 | - | - | - | €0 | €9,376 | - |
| Services and other goods61 | - | - | - | €2.1m | €1.9m | ▼ 11.4% |
| Remuneration, social security and pensions62 | €2.1m | €2.2m | €2.3m | €2.2m | €1.8m | ▼ 18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €193,855 | €171,334 | €150,799 | €147,389 | €163,049 | ▲ 10.6% |
| Other operating charges640/8 | €39,905 | €25,650 | €31,626 | €19,480 | €38,684 | ▲ 98.6% |
| Non-recurring operating charges66A | - | - | - | - | €149,216 | - |
| Gross operating margin9900 | €2.5m | €2.5m | €2.6m | - | - | - |
| Operating profit (loss)9901 | €179,165 | €139,869 | €80,553 | €91,996 | -€158,059 | ▼ 272% |
| Financial income75/76B | €1,815 | €1,943 | €2,500 | €998 | €134 | ▼ 86.6% |
| Recurring financial income75 | €1,815 | €1,943 | €2,500 | €998 | €134 | ▼ 86.6% |
| Income from current assets751 | - | - | - | €815 | €134 | ▼ 83.6% |
| Other financial income752/9 | - | - | - | €183 | €0 | ▼ 100.0% |
| Financial charges65/66B | €25,018 | €15,247 | €39,217 | €32,199 | €24,454 | ▼ 24.1% |
| Recurring financial charges65 | €25,018 | €15,247 | €39,217 | €32,199 | €24,454 | ▼ 24.1% |
| Debt charges650 | - | - | - | €27,534 | €20,108 | ▼ 27.0% |
| Other financial charges652/9 | - | - | - | €4,665 | €4,346 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €155,962 | €126,565 | €43,836 | €60,796 | -€182,379 | ▼ 400% |
| Income taxes67/77 | €54,464 | €50,129 | €23,375 | €26,883 | €5,623 | ▼ 79.1% |
| Taxes670/3 | - | - | - | €26,883 | €5,623 | ▼ 79.1% |
| Profit (loss) for the period9904 | €101,498 | €76,436 | €20,460 | €33,912 | -€188,003 | ▼ 654% |
| Profit (loss) for the period to be appropriated9905 | €101,498 | €76,436 | €20,460 | €33,912 | -€188,003 | ▼ 654% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.6m | €3.0m | €2.2m | €2.3m | ▲ 2.4% |
| Fixed assets21/28 | €885,197 | €828,750 | €960,773 | €1.0m | €987,910 | ▼ 4.1% |
| Intangible fixed assets21 | - | €12,873 | €9,898 | €16,020 | €11,193 | ▼ 30.1% |
| Tangible fixed assets22/27 | €884,847 | €815,527 | €946,956 | €1.0m | €969,063 | ▼ 3.7% |
| Land and buildings22 | €493,549 | €475,791 | €571,186 | €554,915 | €539,426 | ▼ 2.8% |
| Plant, machinery and equipment23 | €65,574 | €81,480 | €120,574 | €94,669 | €73,679 | ▼ 22.2% |
| Furniture and vehicles24 | €325,724 | €258,255 | €255,196 | €356,918 | €355,958 | ▼ 0.3% |
| Financial fixed assets28 | €350 | €350 | €3,919 | €7,654 | €7,654 | = |
| Other financial fixed assets284/8 | - | - | - | €7,654 | €7,654 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €7,654 | €7,654 | = |
| Current assets29/58 | €1.7m | €1.8m | €2.1m | €1.2m | €1.3m | ▲ 7.9% |
| Stocks and contracts in progress3 | €48,709 | €47,076 | €42,374 | €42,374 | €32,999 | ▼ 22.1% |
| Stocks30/36 | €48,709 | €47,076 | €42,374 | €42,374 | €32,999 | ▼ 22.1% |
| Goods purchased for resale34 | - | - | - | €42,374 | €32,999 | ▼ 22.1% |
| Amounts receivable within one year40/41 | €1.2m | €1.4m | €1.6m | €986,723 | €917,290 | ▼ 7.0% |
| Trade receivables40 | €1.2m | €1.3m | €1.5m | €925,938 | €886,806 | ▼ 4.2% |
| Other amounts receivable41 | €24,190 | €104,870 | €109,796 | €60,785 | €30,484 | ▼ 49.8% |
| Cash at bank and in hand54/58 | €412,905 | €359,891 | €378,542 | €188,175 | €293,181 | ▲ 55.8% |
| Deferred charges and accrued income490/1 | €6,152 | €0 | €29,269 | €498 | €70,848 | ▲ 14,128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.6m | €3.0m | €2.2m | €2.3m | ▲ 2.4% |
| Equity10/15 | €751,927 | €828,363 | €848,823 | €882,735 | €694,733 | ▼ 21.3% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Non-distributable reserves130/1 | €12,500 | €12,500 | €0 | - | - | - |
| Reserves not available under the articles1311 | €12,500 | €12,500 | €0 | - | - | - |
| Distributable reserves133 | - | - | €12,500 | €12,500 | €12,500 | = |
| Profit (loss) carried forward14 | €614,427 | €690,863 | €711,323 | €745,235 | €557,233 | ▼ 25.2% |
| Amounts payable17/49 | €1.8m | €1.8m | €2.2m | €1.4m | €1.6m | ▲ 17.7% |
| Amounts payable after more than one year17 | €369,994 | €252,446 | €261,196 | €157,623 | €90,237 | ▼ 42.8% |
| Financial debts170/4 | €369,994 | €252,446 | €261,196 | €157,623 | €90,237 | ▼ 42.8% |
| Credit institutions173 | - | - | - | €157,623 | €90,237 | ▼ 42.8% |
| Amounts payable within one year42/48 | €1.4m | €1.5m | €1.9m | €1.2m | €1.5m | ▲ 25.7% |
| Current portion of amounts payable after more than one year42 | €137,347 | €117,549 | €116,207 | €103,572 | €67,386 | ▼ 34.9% |
| Financial debts43 | €245,134 | €241,191 | €242,737 | €249,118 | €280,932 | ▲ 12.8% |
| Credit institutions430/8 | €245,134 | €241,191 | €242,737 | €249,118 | €280,932 | ▲ 12.8% |
| Trade debts44 | €676,686 | €683,542 | €1.3m | €561,589 | €831,385 | ▲ 48.0% |
| Suppliers440/4 | €676,686 | €683,542 | €1.3m | €561,589 | €831,385 | ▲ 48.0% |
| Taxes, remuneration and social security45 | €252,026 | €410,551 | €142,713 | €168,675 | €82,154 | ▼ 51.3% |
| Taxes450/3 | €129,915 | €131,901 | €80,832 | €69,454 | €51,361 | ▼ 26.0% |
| Remuneration and social security454/9 | €122,111 | €278,649 | €61,881 | €99,221 | €30,793 | ▼ 69.0% |
| Other amounts payable47/48 | €79,696 | €48,979 | €153,430 | €119,365 | €248,901 | ▲ 109% |
| Accrued charges and deferred income492/3 | €75,839 | €21,666 | €6,500 | €5,270 | €6,500 | ▲ 23.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,498 | €76,436 | €20,460 | €33,912 | -€188,003 | ▼ 654% |
| + Depreciation and write-downs630 | €193,855 | €171,334 | €150,799 | €147,389 | €163,049 | ▲ 10.6% |
| Operating cash flow (approximation) | €295,353 | €247,770 | €171,259 | €181,301 | -€24,954 | ▼ 114% |
| Investment in fixed assets (approximation) | - | -€114,887 | -€282,821 | -€216,792 | -€120,782 | ▲ 44.3% |
| Change in cash | - | -€53,014 | €18,651 | -€190,367 | €105,006 | ▲ 155% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€188,003
Net result drops to -€188,003, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €107,054 ▲6.3%
Operating result €215,398, net result €107,054, both a record.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 76 days late
2019
31-12
Financial
Back to profitnet €100,662
Net result €100,662 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €543,375 ▲22.7%
Equity rises from €442,713 to €543,375.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brugge · 4 establishment units since 2005
Ground area
9,046 m²
Building footprint
5,814 m²
Volume, LiDAR
50,930 m³
4 parcels, Flanders · tallest building 23.3 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
4 establishment units
Belisol Brugge
since 20052.147.003.740
Belisol Oostende
since 20072.300.914.630
Belisol Oostduinkerke
since 20102.300.875.137
Belisol Knokke
since 20182.300.875.236
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31424B0580/00E000 | Flanders | 5,759 m² | 1 · 2,777 m² | 10.1 m · 3 fl. |
| 35384A0446/14Y009 | Flanders | 2,574 m² | 1 · 2,574 m² | 19.0 m · 4 fl. |
| 38502G0115/00_000 | Flanders | 404 m² | 1 · 153 m² | 23.2 m · 7 fl. |
| 31334B0445/00C000 | Flanders | 310 m² | 1 · 310 m² | 23.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels 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 to 2025 · 3 entries · 4,524 EUR awarded · 4,437 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 800 EUR | 713 EUR |
| 2024 | 1 | 3,154 EUR | 3,154 EUR |
| 2023 | 1 | 570 EUR | 570 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesKENTISOL BV36407
Similar companies · same sector, comparable size
KALKUZ
BE 0882.873.412
Leopoldsburg · Eq €695,173
CUISINES & PLACARDS PERREE
BE 0874.050.964
Houffalize · Eq €695,275
D&C Terrasoverkapping
BE 0650.881.282
Houthalen-Helchteren · Eq €695,536
ALGEMENE SCHRIJNWERKERIJ MERTENS - GOOSSENS
BE 0452.157.184
Olen · Eq €693,869
CLPA
BE 0476.213.877
Kaprijke · Eq €692,939
Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 5,235 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
Founded21-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873367214
Registered
31-03-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.