KIEN IT
ActiveSummary
KIEN IT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €238,971 and a net result of €55,501. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 2294 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 9.88 against 7.71 in 2023; short-term debt: 10.1% and cash: 88.7% of total assets), and 10.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
55 d late
2022
1 d late
2021
61 d late
2020
90 d late
2019
70 d late
← 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 50 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€238,971▲ 15.8%
2023 · €206,397
Total assets
€265,890▲ 12.1%
2023 · €237,122
Net result
€55,501▲ 22.6%
2023 · €45,286
Working capital
€238,952▲ 16.0%
2023 · €206,057
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20202021202220232024
Operating result€49,464▲ 49.9%€66,515▲ 34.5%€57,665▼ 13.3%€62,918▲ 9.1%€76,727▲ 21.9%
Net result€34,925within the sector's middle half▲ 52.3%€47,674within the sector's middle half▲ 36.5%€41,324within the sector's middle half▼ 13.3%€45,286within the sector's middle half▲ 9.6%€55,501within the sector's middle half▲ 22.6%
Equity€113,151within the sector's middle half▲ 44.6%€160,825within the sector's middle half▲ 42.1%€185,481within the sector's middle half▲ 15.3%€206,397within the sector's middle half▲ 11.3%€238,971within the sector's middle half▲ 15.8%
Total assets€129,595below the sector's middle half▲ 45.0%€172,501below the sector's middle half▲ 33.1%€213,355below the sector's middle half▲ 23.7%€237,122below the sector's middle half▲ 11.1%€265,890below the sector's middle half▲ 12.1%
Debt€16,445▲ 47.8%€11,676▼ 29.0%€27,875▲ 139%€30,724▲ 10.2%€26,919▼ 12.4%
Working capital€113,151within the sector's middle half▲ 45.5%€156,711within the sector's middle half▲ 38.5%€184,134within the sector's middle half▲ 17.5%€206,057within the sector's middle half▲ 11.9%€238,952within the sector's middle half▲ 16.0%
Solvency87.3%above the sector's middle half▼ 0.2pp93.2%above the sector's middle half▲ 5.9pp86.9%above the sector's middle half▼ 6.3pp87.0%above the sector's middle half▲ 0.1pp89.9%above the sector's middle half▲ 2.8pp
Current ratio7.88above the sector's middle half▼ 0.1114.42above the sector's middle half▲ 6.547.61above the sector's middle half▼ 6.827.71above the sector's middle half▲ 0.109.88above the sector's middle half▲ 2.17
Return on assets (ROA)26.9%above the sector's middle half▲ 1.3pp27.6%above the sector's middle half▲ 0.7pp19.4%above the sector's middle half▼ 8.3pp19.1%above the sector's middle half▼ 0.3pp20.9%above the sector's middle half▲ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €265,890
Fixed assets
€19 ▼ 94.6%
Current assets
€265,871 ▲ 12.3%
Equity and liabilities €265,890
Equity
€238,971 ▲ 15.8%
Debt
€26,919 ▼ 12.4%
Debt's share of the balance-sheet total falls from 13.0% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,050▲
2023 · €63,923
Cash flow
€55,823▲
2023 · €46,292
Debt to equity
0.11▼
2023 · 0.15
ROE
23.2%▲
2023 · 21.9%
Interest coverage
858.87▼
2023 · 1331.73
Debt ≤ 1 year
€26,919▼
2023 · €30,724
Income taxes
€21,136▲
2023 · €17,583
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €469 | €2,065 | €2,767 | €1,005 | €322 | ▼ 68.0% |
| Other operating charges640/8 | - | €389 | €395 | €431 | €650 | ▲ 51.0% |
| Gross operating margin9900 | €50,320 | €68,970 | €60,827 | €64,354 | €77,700 | ▲ 20.7% |
| Operating profit (loss)9901 | €49,464 | €66,515 | €57,665 | €62,918 | €76,727 | ▲ 21.9% |
| Financial charges65/66B | - | €115 | €79 | €48 | €90 | ▲ 86.9% |
| Recurring financial charges65 | €294 | €115 | €79 | €48 | €90 | ▲ 86.9% |
| Profit (loss) for the period before taxes9903 | €49,170 | €66,400 | €57,585 | €62,870 | €76,638 | ▲ 21.9% |
| Income taxes67/77 | €14,245 | €18,726 | €16,262 | €17,583 | €21,136 | ▲ 20.2% |
| Profit (loss) for the period9904 | €34,925 | €47,674 | €41,324 | €45,286 | €55,501 | ▲ 22.6% |
| Profit (loss) for the period to be appropriated9905 | €34,925 | €47,674 | €41,324 | €45,286 | €55,501 | ▲ 22.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,595 | €172,501 | €213,355 | €237,122 | €265,890 | ▲ 12.1% |
| Fixed assets21/28 | - | €4,114 | €1,346 | €341 | €19 | ▼ 94.6% |
| Tangible fixed assets22/27 | - | €4,114 | €1,346 | €341 | €19 | ▼ 94.6% |
| Furniture and vehicles24 | - | €4,114 | €1,346 | €341 | €19 | ▼ 94.6% |
| Current assets29/58 | €129,595 | €168,387 | €212,009 | €236,781 | €265,871 | ▲ 12.3% |
| Amounts receivable within one year40/41 | €12,584 | €26,741 | €14,714 | €29,209 | €29,856 | ▲ 2.2% |
| Trade receivables40 | - | €26,741 | €13,976 | €26,553 | €27,940 | ▲ 5.2% |
| Other amounts receivable41 | - | - | €739 | €2,655 | €1,917 | ▼ 27.8% |
| Cash at bank and in hand54/58 | €117,011 | €141,646 | €197,295 | €207,572 | €235,715 | ▲ 13.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €300 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,595 | €172,501 | €213,355 | €237,122 | €265,890 | ▲ 12.1% |
| Equity10/15 | €113,151 | €160,825 | €185,481 | €206,397 | €238,971 | ▲ 15.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €100,751 | €148,425 | €173,081 | €193,997 | €226,571 | ▲ 16.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €146,565 | €171,221 | €193,997 | €226,571 | ▲ 16.8% |
| Amounts payable17/49 | €16,445 | €11,676 | €27,875 | €30,724 | €26,919 | ▼ 12.4% |
| Amounts payable within one year42/48 | €16,445 | €11,676 | €27,875 | €30,724 | €26,919 | ▼ 12.4% |
| Trade debts44 | €1,179 | €1,674 | €1,123 | €923 | - | - |
| Suppliers440/4 | - | €1,674 | €1,123 | €923 | - | - |
| Taxes, remuneration and social security45 | - | €9,789 | €9,716 | €4,755 | €3,884 | ▼ 18.3% |
| Taxes450/3 | - | €7,849 | €7,759 | €2,754 | €3,884 | ▲ 41.0% |
| Remuneration and social security454/9 | - | €1,940 | €1,957 | €2,001 | - | - |
| Other amounts payable47/48 | - | €213 | €17,036 | €25,046 | €23,035 | ▼ 8.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,925 | €47,674 | €41,324 | €45,286 | €55,501 | ▲ 22.6% |
| + Depreciation and write-downs630 | €469 | €2,065 | €2,767 | €1,005 | €322 | ▼ 68.0% |
| Operating cash flow (approximation) | €35,394 | €49,740 | €44,091 | €46,292 | €55,823 | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €24,635 | €55,649 | €10,277 | €28,143 | ▲ 174% |
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
2026
09-07
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- Board meeting, 16-06-2026
- Registered-office move, 3300 Tienen, Wulmersumsesteenweg 619A
- Director in office, Kim Truyen (director)
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €55,501 ▲22.6%
Operating result €76,727, net result €55,501, both a record.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
31-12
Financial
Equity above €200,000Eq €206,397 ▲11.3%
6 profitable years in a row build equity to €206,397.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Equity above €150,000Eq €160,825 ▲42.1%
4 profitable years in a row build equity to €160,825.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
31-12
Financial
Equity above €100,000Eq €113,151 ▲44.6%
3 profitable years in a row build equity to €113,151.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €22,928 ▼5.9%
Net result drops to €22,928, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tienen · 1 establishment unit since 2017
Ground area
274 m²
Building footprint
90 m²
Volume, LiDAR
551 m³
Parcel 24031B0374/00B002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KIEN IT
since 20172.259.727.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24031B0374/00B002 | Flanders | 274 m² | 1 · 90 m² | 9.0 m · 2 fl. |
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.
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Of 24,518 companies in sector 82990 we hold annual accounts for 9,421. 6,774 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
Founded30-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668595165
Also
9925:BE0668595165
Registered
10-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.