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KICAMI

Active
Private limited companyfounded 20197 yrs activeSchoolweg 26, 2830 Willebroek, BelgiumKBO/BCE: BE 0719.750.490
Summary

KICAMI has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,781 and a net result of €31,893. Equity is growing by ~40.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74▲+4
Solvency35▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.34 in 2024; short-term debt: 23.9% and cash: 0.2% of total assets), and 90.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
9.8%
Return on assets
4.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
26 d early
2024
24 d early
2023
5 d early
2022
20 d early
2021
41 d early
2020
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 February 2019, KICAMI was incorporated.1 Total assets went from EUR 635,261 in 2020 to EUR 732,720 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€71,781▲ 80.0%
2024 · €39,888
Total assets
€732,720▲ 36.0%
2024 · €538,675
Net result
€31,893▲ 215%
2024 · €10,136
Working capital
-€129,882▼ 42.3%
2024 · -€91,297
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Operating result€28,160€25,424▼ 9.7%€18,059▼ 29.0%€26,371▲ 46.0%€56,714▲ 115%
Net result€16,544within the sector's middle half€10,271within the sector's middle half▼ 37.9%€5,674within the sector's middle half▼ 44.8%€10,136within the sector's middle half▲ 78.6%€31,893within the sector's middle half▲ 215%
Equity€13,807below the sector's middle half€24,079below the sector's middle half▲ 74.4%€29,752within the sector's middle half▲ 23.6%€39,888within the sector's middle half▲ 34.1%€71,781within the sector's middle half▲ 80.0%
Total assets€600,382below the sector's middle half▼ 5.5%€568,062below the sector's middle half▼ 5.4%€552,057within the sector's middle half▼ 2.8%€538,675within the sector's middle half▼ 2.4%€732,720within the sector's middle half▲ 36.0%
Debt€586,575▼ 8.1%€543,983▼ 7.3%€522,305▼ 4.0%€498,788▼ 4.5%€660,939▲ 32.5%
Working capital-€54,829▼ 11.8%-€67,711▼ 23.5%-€84,828▼ 25.3%-€91,297▼ 7.6%-€129,882▼ 42.3%
Solvency2.3%below the sector's middle half▲ 2.7pp4.2%below the sector's middle half▲ 1.9pp5.4%within the sector's middle half▲ 1.2pp7.4%within the sector's middle half▲ 2.0pp9.8%within the sector's middle half▲ 2.4pp
Staff (FTE)10.7▼ 30.0%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2021: €28,160€28,160Net result 2021: €16,544€16,544Operating result 2022: €25,424€25,424Net result 2022: €10,271€10,271Operating result 2023: €18,059€18,059Net result 2023: €5,674€5,674Operating result 2024: €26,371€26,371Net result 2024: €10,136€10,136Operating result 2025: €56,714€56,714Net result 2025: €31,893€31,89320212022202320242025€0€20,000€40,000€60,000Operating result 2023: €18,059€18,100Net result 2023: €5,674€5,670Operating result 2024: €26,371€26,400Net result 2024: €10,136€10,100Operating result 2025: €56,714€56,700Net result 2025: €31,893€31,900202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 115% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €732,720
Fixed assets €687,750 ▲ 40.1%
Current assets €44,969 ▼ 6.1%
Equity and liabilities €732,720
Equity €71,781 ▲ 80.0%
Debt €660,939 ▲ 32.5%
Debt's share of the balance-sheet total falls from 92.6% to 90.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€84,116▲
2024 · €54,468
Cash flow
€59,295▲
2024 · €38,233
Current ratio
0.26▼
2024 · 0.34
Debt to equity
9.21▼
2024 · 12.50
ROE
44.4%▲
2024 · 25.4%
ROA
4.4%▲
2024 · 1.9%
Interest coverage
10.23▲
2024 · 5.92
Debt ≤ 1 year
€174,851▲
2024 · €139,203
Debt > 1 year
€486,088▲
2024 · €359,584
Income taxes
€16,599▲
2024 · €7,033
Staff costs
€15,101▼
2024 · €20,605
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,250 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
2.6% stopped otherwise
94% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,250 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 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€538,675€732,720▲
Fixed assets21/28€490,769€687,750▲
Tangible fixed assets22/27€490,508€687,489▲
Land and buildings22€478,517€468,291▼
Plant, machinery and equipment23€5,835€5,317▼
Furniture and vehicles24€6,156€213,881▲
Financial fixed assets28€261€261=
Current assets29/58€47,906€44,969▼
Amounts receivable within one year40/41€11,628€38,888▲
Trade receivables40€11,628€2,836▼
Other amounts receivable41-€36,051
Cash at bank and in hand54/58€18,650€1,675▼
Deferred charges and accrued income490/1€17,628€4,407▼
Equity and liabilities
Total equity and liabilities10/49€538,675€732,720▲
Equity10/15€39,888€71,781▲
Contributions10/11€18,600€18,600=
Reserves13€20,000€51,000▲
Distributable reserves133€20,000€51,000▲
Profit (loss) carried forward14€1,288€2,181▲
Amounts payable17/49€498,788€660,939▲
Amounts payable after more than one year17€359,584€486,088▲
Financial debts170/4€359,584€486,088▲
Amounts payable within one year42/48€139,203€174,851▲
Current portion of amounts payable after more than one year42€44,701€84,240▲
Trade debts44€25,850€6,938▼
Suppliers440/4€25,850€6,938▼
Taxes, remuneration and social security45€12,201€4,599▼
Taxes450/3€8,143€4,599▼
Remuneration and social security454/9€4,058-
Other amounts payable47/48€56,451€79,074▲
Income statement Code20242025
Remuneration, social security and pensions62€20,605€15,101▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,097€27,402▼
Other operating charges640/8€3,962€4,278▲
Gross operating margin9900€79,035€103,495▲
Operating profit (loss)9901€26,371€56,714▲
Financial charges65/66B€9,202€8,222▼
Recurring financial charges65€9,202€8,222▼
Profit (loss) for the period before taxes9903€17,169€48,492▲
Income taxes67/77€7,033€16,599▲
Profit (loss) for the period9904€10,136€31,893▲
Profit (loss) for the period to be appropriated9905€10,136€31,893▲
Appropriation of the result
Profit (loss) to be appropriated9906€11,288€33,181▲
Profit (loss) brought forward from the previous period14P€1,152€1,288▲
Transfer to equity691/2€10,000€31,000▲
To other reserves6921€10,000€31,000▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62--€19,599€20,605€15,101▼ 26.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,829€34,779€29,415€28,097€27,402▼ 2.5%
Other operating charges640/8-€3,848€3,587€3,962€4,278▲ 8.0%
Gross operating margin9900€64,531€64,051€70,660€79,035€103,495▲ 30.9%
Operating profit (loss)9901€28,160€25,424€18,059€26,371€56,714▲ 115%
Financial income75/76B-€23€23---
Recurring financial income75€13€23€23---
Financial charges65/66B-€9,737€9,274€9,202€8,222▼ 10.7%
Recurring financial charges65€10,453€9,737€9,274€9,202€8,222▼ 10.7%
Profit (loss) for the period before taxes9903€17,719€15,709€8,808€17,169€48,492▲ 182%
Income taxes67/77€1,175€5,438€3,135€7,033€16,599▲ 136%
Profit (loss) for the period9904€16,544€10,271€5,674€10,136€31,893▲ 215%
Profit (loss) for the period to be appropriated9905€16,544€10,271€5,674€10,136€31,893▲ 215%
Line20212022202320242025Change
Assets
Total assets20/58€600,382€568,062€552,057€538,675€732,720▲ 36.0%
Fixed assets21/28€562,325€540,777€518,866€490,769€687,750▲ 40.1%
Tangible fixed assets22/27€562,064€540,516€518,605€490,508€687,489▲ 40.2%
Land and buildings22-€520,635€499,576€478,517€468,291▼ 2.1%
Plant, machinery and equipment23-€10,899€9,372€5,835€5,317▼ 8.9%
Furniture and vehicles24-€8,981€9,657€6,156€213,881▲ 3,374%
Financial fixed assets28€261€261€261€261€261=
Current assets29/58€38,058€27,285€33,191€47,906€44,969▼ 6.1%
Amounts receivable within one year40/41-€1,230€14,765€11,628€38,888▲ 234%
Trade receivables40-€796€9,900€11,628€2,836▼ 75.6%
Other amounts receivable41-€435€4,865-€36,051-
Cash at bank and in hand54/58€38,058€26,055€18,425€18,650€1,675▼ 91.0%
Deferred charges and accrued income490/1---€17,628€4,407▼ 75.0%
Equity and liabilities
Total equity and liabilities10/49€600,382€568,062€552,057€538,675€732,720▲ 36.0%
Equity10/15€13,807€24,079€29,752€39,888€71,781▲ 80.0%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13-€5,000€10,000€20,000€51,000▲ 155%
Distributable reserves133-€5,000€10,000€20,000€51,000▲ 155%
Profit (loss) carried forward14-€4,793€479€1,152€1,288€2,181▲ 69.3%
Amounts payable17/49€586,575€543,983€522,305€498,788€660,939▲ 32.5%
Amounts payable after more than one year17€493,688€448,987€404,286€359,584€486,088▲ 35.2%
Financial debts170/4-€448,987€404,286€359,584€486,088▲ 35.2%
Amounts payable within one year42/48€92,887€94,996€118,019€139,203€174,851▲ 25.6%
Current portion of amounts payable after more than one year42-€44,701€44,701€44,701€84,240▲ 88.5%
Trade debts44€571€2,680€1,192€25,850€6,938▼ 73.2%
Suppliers440/4-€2,680€1,192€25,850€6,938▼ 73.2%
Taxes, remuneration and social security45-€5,438€5,688€12,201€4,599▼ 62.3%
Taxes450/3-€5,438€4,248€8,143€4,599▼ 43.5%
Remuneration and social security454/9--€1,440€4,058--
Other amounts payable47/48-€42,177€66,438€56,451€79,074▲ 40.1%
Line20212022202320242025Change
Profit (loss) for the period9904€16,544€10,271€5,674€10,136€31,893▲ 215%
+ Depreciation and write-downs630€32,829€34,779€29,415€28,097€27,402▼ 2.5%
Operating cash flow (approximation)€49,373€45,050€35,089€38,233€59,295▲ 55.1%
Investment in fixed assets (approximation)--€13,231-€7,504€0-€224,383-
Change in cash--€12,003-€7,629€225-€16,975▼ 7,657%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
05-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Highest result since 2020net €31,893 ▲215%
Operating result €56,714, net result €31,893, both a record.
07-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
11-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
21-12
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial Back to profitnet €16,544
Net result €16,544 after one loss-making year.
15-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
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.

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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, Willebroek · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
2,011 m²
Building footprint
413 m²
Volume, LiDAR
80 m³
Parcel 12040A1056/00A000, Flanders · tallest building 2.6 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
KICAMI
Schoolweg 26, 2830 WillebroekOther business support services
since 20192.299.792.202
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12040A1056/00A000 Flanders 2,011 m² 1 · 413 m² 2.6 m
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. TIM DECOCK 98.92%
  2. KICAMI

Highest known parent: TIM DECOCK. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,482 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
Founded04-02-2019
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0719750490
Also 9925:BE0719750490
Registered 24-11-2023

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.