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KH INE

Active
Private limited companyfounded 20233 years activeMoerstraat 45, 9881 Aalter, BelgiumKBO/BCE: BE 0799.566.941
Summary

KH INE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,088 and a net result of €26,408. Equity is growing by ~60.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).

Financials · fiscal year 2025, micro schema

Equity
€67,088▲ 64.9%
2024 · €40,679
Total assets
€76,533▲ 55.5%
2024 · €49,231
Net result
€26,408▲ 15.5%
2024 · €22,872
Working capital
€62,969▲ 65.5%
2024 · €38,038
Trend over the years

2023 to 2025, 3 fiscal years

The operating result has risen two years in a row; 2025 is 15% above 2024 and is the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€33,649 2025 Net result€26,408 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€20,013-€29,308▲ 46.4%€33,649▲ 14.8%
Net result€15,607-€22,872▲ 46.6%€26,408▲ 15.5%
Equity€17,807-€40,679▲ 128%€67,088▲ 64.9%
Total assets€28,581-€49,231▲ 72.2%€76,533▲ 55.5%
Debt€10,774-€8,552▼ 20.6%€9,446▲ 10.4%
Working capital€14,020-€38,038▲ 171%€62,969▲ 65.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,533
Fixed assets €4,118 ▲ 55.9%
Current assets €72,415 ▲ 55.4%
Equity and liabilities €76,533
Equity €67,088 ▲ 64.9%
Debt €9,446 ▲ 10.4%
Debt's share of the balance-sheet total falls from 17.4% to 12.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€34,910▲
2024 · €30,454
Cash flow
€27,670▲
2024 · €24,018
Current ratio
7.67▲
2024 · 5.45
Debt to equity
0.14▼
2024 · 0.21
ROE
39.4%▼
2024 · 56.2%
ROA
34.5%▼
2024 · 46.5%
Interest coverage
232.73▲
2024 · 150.66
Debt ≤ 1 year
€9,446▲
2024 · €8,552
Income taxes
€7,090▲
2024 · €6,233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€49,231€76,533▲
Fixed assets21/28€2,641€4,118▲
Tangible fixed assets22/27€2,641€4,118▲
Plant, machinery and equipment23€339€2,863▲
Furniture and vehicles24€2,302€1,256▼
Current assets29/58€46,590€72,415▲
Amounts receivable within one year40/41€1,267€410▼
Other amounts receivable41€1,267€410▼
Cash at bank and in hand54/58€45,030€69,066▲
Deferred charges and accrued income490/1€293€2,939▲
Equity and liabilities
Total equity and liabilities10/49€49,231€76,533▲
Equity10/15€40,679€67,088▲
Contributions10/11€3,000€3,000=
Reserves13€37,679€64,088▲
Distributable reserves133€37,679€64,088▲
Amounts payable17/49€8,552€9,446▲
Amounts payable within one year42/48€8,552€9,446▲
Trade debts44€1,312€1,714▲
Suppliers440/4€1,312€1,714▲
Other amounts payable47/48€7,240€7,732▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,146€1,262▲
Other operating charges640/8-€144
Gross operating margin9900€30,454€35,054▲
Operating profit (loss)9901€29,308€33,649▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€202€150▼
Recurring financial charges65€202€150▼
Profit (loss) for the period before taxes9903€29,105€33,499▲
Income taxes67/77€6,233€7,090▲
Profit (loss) for the period9904€22,872€26,408▲
Profit (loss) for the period to be appropriated9905€22,872€26,408▲
Appropriation of the result
Profit (loss) to be appropriated9906€22,872€26,408▲
Transfer to equity691/2€22,872€26,408▲
To other reserves6921€22,872€26,408▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,135€1,146€1,262▲ 10.1%
Other operating charges640/8€132-€144-
Gross operating margin9900€23,280€30,454€35,054▲ 15.1%
Operating profit (loss)9901€20,013€29,308€33,649▲ 14.8%
Financial income75/76B--€0-
Recurring financial income75--€0-
Financial charges65/66B€101€202€150▼ 25.8%
Recurring financial charges65€101€202€150▼ 25.8%
Profit (loss) for the period before taxes9903€19,912€29,105€33,499▲ 15.1%
Income taxes67/77€4,305€6,233€7,090▲ 13.8%
Profit (loss) for the period9904€15,607€22,872€26,408▲ 15.5%
Profit (loss) for the period to be appropriated9905€15,607€22,872€26,408▲ 15.5%
Line202320242025Change
Assets
Total assets20/58€28,581€49,231€76,533▲ 55.5%
Fixed assets21/28€3,787€2,641€4,118▲ 55.9%
Tangible fixed assets22/27€3,787€2,641€4,118▲ 55.9%
Plant, machinery and equipment23€439€339€2,863▲ 744%
Furniture and vehicles24€3,348€2,302€1,256▼ 45.5%
Current assets29/58€24,794€46,590€72,415▲ 55.4%
Amounts receivable within one year40/41€1,695€1,267€410▼ 67.7%
Other amounts receivable41€1,695€1,267€410▼ 67.7%
Cash at bank and in hand54/58€23,099€45,030€69,066▲ 53.4%
Deferred charges and accrued income490/1-€293€2,939▲ 902%
Equity and liabilities
Total equity and liabilities10/49€28,581€49,231€76,533▲ 55.5%
Equity10/15€17,807€40,679€67,088▲ 64.9%
Contributions10/11€3,000€3,000€3,000=
Reserves13€14,807€37,679€64,088▲ 70.1%
Distributable reserves133€14,807€37,679€64,088▲ 70.1%
Amounts payable17/49€10,774€8,552€9,446▲ 10.4%
Amounts payable within one year42/48€10,774€8,552€9,446▲ 10.4%
Current portion of amounts payable after more than one year42€3,000---
Trade debts44€910€1,312€1,714▲ 30.6%
Suppliers440/4€910€1,312€1,714▲ 30.6%
Taxes, remuneration and social security45€240---
Taxes450/3€240---
Other amounts payable47/48€6,625€7,240€7,732▲ 6.8%
Line202320242025Change
Profit (loss) for the period9904€15,607€22,872€26,408▲ 15.5%
+ Depreciation and write-downs630€3,135€1,146€1,262▲ 10.1%
Operating cash flow (approximation)€18,742€24,018€27,670▲ 15.2%
Investment in fixed assets (approximation)-€0-€2,739-
Change in cash-€21,930€24,036▲ 9.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Subsidies and aid

Flemish government

2023 to 2025 · 3 entries · €302 awarded · €302 paid
Year Entries awardedpaid
2025 1 €111€111
2024 1 €60€60
2023 1 €131€131
Schemes
3 entries · €302 · €302 paid · Fonds voor Innoveren en Ondernemen