Kico Realty
ActiveSummary
The annual accounts of Kico Realty for fiscal year 2024 show a net loss of 91% of the equity at the start of that year. The 2024 annual accounts show equity of €931 and a net result of €-10k. Equity is shrinking by ~45.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 20% of 19357 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability23▼-34
Solvency25▼-9
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.21 against 1.95 in 2023; short-term debt: 6.3% and cash: 4.2% of total assets), and 99.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 dateAge against the risk zone
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.2%
Return on assets
-2.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 19357 sector peers (2024).
NBB · sector comparisonPosition among 19357 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
31 d late
2022
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€931▼ 91.4%
2023 · €11k
2022: €10k
2023: €11k
2022 → 2024
Total assets
€465k▲ 268%
2023 · €126k
2022: €64k
2023: €126k
2022 → 2024
Net result
€-10k
2023 · €687
2022: €145
2023: €687
2022 → 2024
Working capital
€6k▼ 14.9%
2023 · €7k
2022: €-11k
2023: €7k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€10k-€11k▲ 6.8%€931▼ 91.4%
Operating result€927-€2k▲ 88.9%€-4k
Net result€145-€687▲ 372%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €465k
Fixed assets
€429k ▲ 286%
Current assets
€36k ▲ 137%
Equity and liabilities €465k
Equity
€931 ▼ 91.4%
Debt
€464k ▲ 302%
Debt's share of the balance-sheet total rises from 91.4% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▲
2023 · €5k
Cash flow
€-659▼
2023 · €4k
Current ratio
1.21▼
2023 · 1.95
ROA
-2.1%▼
2023 · 0.5%
Interest coverage
0.89▼
2023 · 4.48
Debt ≤ 1 year
€30k▲
2023 · €8k
Debt > 1 year
€434k▲
2023 · €108k
Income taxes
€19▼
2023 · €37
Equity ratios withheld: equity of €931 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€126k€465k▲
Fixed assets21/28€111k€429k▲
Tangible fixed assets22/27€111k€429k▲
Land and buildings22€106k€323k▲
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€1k€5k▲
Assets under construction and advance payments27-€98k
Current assets29/58€15k€36k▲
Amounts receivable within one year40/41€418€15k▲
Trade receivables40€273€15k▲
Other amounts receivable41€145-
Cash at bank and in hand54/58€15k€20k▲
Deferred charges and accrued income490/1€80€806▲
Equity and liabilities
Total equity and liabilities10/49€126k€465k▲
Equity10/15€11k€931▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€832€-9k▼
Amounts payable17/49€116k€464k▲
Amounts payable after more than one year17€108k€434k▲
Financial debts170/4€65k€276k▲
Other amounts payable178/9€43k€159k▲
Amounts payable within one year42/48€8k€30k▲
Current portion of amounts payable after more than one year42€6k€13k▲
Trade debts44-€14k
Suppliers440/4-€14k
Taxes, remuneration and social security45€37€535▲
Taxes450/3€37€535▲
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€138€145▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€9k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€6k€10k▲
Operating profit (loss)9901€2k€-4k▼
Financial income75/76B-€62
Recurring financial income75-€62
Financial charges65/66B€1k€6k▲
Recurring financial charges65€1k€6k▲
Profit (loss) for the period before taxes9903€724€-10k▼
Income taxes67/77€37€19▼
Profit (loss) for the period9904€687€-10k▼
Profit (loss) for the period to be appropriated9905€687€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€832€-9k▼
Profit (loss) brought forward from the previous period14P€145€832▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k ▼1542%
Net result drops to €-10k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2022net €687 ▲372%
Operating result €2k, net result €687, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.95
Current ratio from 0.45 to 1.95; short-term debt falls from €20k to €8k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Arlon · 1 establishment unit since 2022
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.
Avenue de la Gare 536700 ArlonGround area
137 m²
Building footprint
78 m²
Volume, LiDAR
763 m³
Parcel 81001A1593/02V003, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kico Realty
since 20222.331.122.905
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81001A1593/02V003 | Wallonia | 137 m² | 1 · 77 m² | 13.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0679.964.456
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Van Dam Invest & Co
BE 0632.550.658
Lint · Eq €920
Drömbil
BE 0787.920.508
Hulshout · Eq €869
BoskeetBros
BE 0774.553.512
Gent · Eq €862
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 283 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.