KIMATEX
ActiveSummary
KIMATEX has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €335,430 and a net result of €71,449. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Kruisem, Real estate sector
Equity
€335,430▲ 27.1%
2024 · €263,981
Total assets
€1.6m▲ 10.5%
2024 · €1.4m
Net result
€71,449
2024 · -€122,383
Working capital
-€257,876▲ 24.6%
2024 · -€342,121
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.2m€0.2m▼ 1.3%€0.07m▼ 56.1%-€0.1m€0.09m
Net result€0.1mabove the sector's middle half▲ 8,748%€0.1mabove the sector's middle half▼ 9.5%€0.04mabove the sector's middle half▼ 61.0%-€0.1mbelow the sector's middle half€0.07mabove the sector's middle half
Equity€0.2mwithin the sector's middle half▲ 126%€0.3mabove the sector's middle half▲ 50.4%€0.4mabove the sector's middle half▲ 13.1%€0.3mwithin the sector's middle half▼ 31.7%€0.3mabove the sector's middle half▲ 27.1%
Total assets€0.6mwithin the sector's middle half▲ 21.6%€0.5mwithin the sector's middle half▼ 19.0%€1.5mabove the sector's middle half▲ 216%€1.4mabove the sector's middle half▼ 6.6%€1.6mabove the sector's middle half▲ 10.5%
Debt€0.4m▼ 5.5%€0.1m▼ 61.9%€1.1m▲ 713%€1.2m▲ 1.9%€1.2m▲ 6.8%
Working capital€0.2mabove the sector's middle half▲ 45.7%€0.3mabove the sector's middle half▲ 40.8%€0.1mabove the sector's middle half▼ 56.0%-€0.3mbelow the sector's middle half-€0.3mbelow the sector's middle half▲ 24.6%
Solvency38.2%within the sector's middle half▲ 17.7pp71.0%above the sector's middle half▲ 32.7pp25.4%within the sector's middle half▼ 45.6pp18.6%within the sector's middle half▼ 6.8pp21.3%within the sector's middle half▲ 2.8pp
Current ratio1.79within the sector's middle half▲ 0.155.57above the sector's middle half▲ 3.771.23within the sector's middle half▼ 4.340.53within the sector's middle half▼ 0.700.70within the sector's middle half▲ 0.17
Return on assets (ROA)21.3%above the sector's middle half▲ 21.0pp23.8%above the sector's middle half▲ 2.5pp2.9%within the sector's middle half▼ 20.8pp-8.6%below the sector's middle half▼ 11.5pp4.5%within the sector's middle half▲ 13.2pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €92,140 after a loss of €103,735 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€975,976 ▼ 5.9%
Current assets
€595,478 ▲ 54.8%
Equity and liabilities €1.6m
Equity
€335,430 ▲ 27.1%
Debt
€1.2m ▲ 6.8%
Debt's share of the balance-sheet total falls from 81.4% to 78.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€174,093▲
2024 · -€24,108
Cash flow
€153,403▲
2024 · -€42,756
Quick ratio
0.44▲
2024 · 0.31
Debt to equity
3.68▼
2024 · 4.39
ROE
21.3%▲
2024 · -46.4%
Interest coverage
8.55▲
2024 · -1.12
Debt ≤ 1 year
€853,355▲
2024 · €726,918
Debt > 1 year
€376,213▼
2024 · €424,954
Income taxes
€332▼
2024 · €335
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
1.9%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,366 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% | 1.8% |
| 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 4,681 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €15,429 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €39,644 | €79,627 | €81,953 | ▲ 2.9% |
| Other operating charges640/8 | - | €8,048 | €9,842 | €10,452 | €10,743 | ▲ 2.8% |
| Gross operating margin9900 | €172,827 | €170,473 | €120,867 | -€13,656 | €184,836 | ▲ 1,453% |
| Operating profit (loss)9901 | €164,562 | €162,425 | €71,382 | -€103,735 | €92,140 | ▲ 189% |
| Financial income75/76B | - | €12,561 | €9,514 | €3,298 | €0 | ▼ 100% |
| Recurring financial income75 | €15,631 | €12,561 | €9,514 | €3,298 | €0 | ▼ 100% |
| Financial charges65/66B | - | €7,108 | €20,098 | €21,611 | €20,358 | ▼ 5.8% |
| Recurring financial charges65 | €10,119 | €7,108 | €20,098 | €21,611 | €20,358 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €170,074 | €167,877 | €60,798 | -€122,048 | €71,782 | ▲ 159% |
| Income taxes67/77 | €43,513 | €53,395 | €16,117 | €335 | €332 | ▼ 0.7% |
| Profit (loss) for the period9904 | €126,561 | €114,482 | €44,681 | -€122,383 | €71,449 | ▲ 158% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €63,411 | €114,482 | €44,681 | -€122,383 | €71,449 | ▲ 158% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.6m | €0.5m | €1.5m | €1.4m | €1.6m | ▲ 10.5% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.8m | €1.0m | €1.0m | ▼ 5.9% |
| Intangible fixed assets21 | - | - | €0.1m | €0.1m | €0.07m | ▼ 28.8% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.7m | €0.9m | €0.9m | ▼ 3.3% |
| Land and buildings22 | - | - | €0.5m | €0.8m | €0.8m | ▼ 0.4% |
| Plant, machinery and equipment23 | - | - | €0.03m | €0.07m | €0.06m | ▼ 11.1% |
| Furniture and vehicles24 | - | - | €0.06m | €0.1m | €0.09m | ▼ 18.7% |
| Other tangible fixed assets26 | - | €0.1m | €0.1m | €0 | - | - |
| Current assets29/58 | €0.5m | €0.4m | €0.7m | €0.4m | €0.6m | ▲ 54.8% |
| Amounts receivable after more than one year29 | - | €0.04m | €0 | - | - | - |
| Trade receivables290 | - | €0.04m | €0 | - | - | - |
| Stocks and contracts in progress3 | - | - | €0.3m | €0.2m | €0.2m | ▲ 35.8% |
| Stocks30/36 | - | - | €0.3m | €0.2m | €0.2m | ▲ 35.8% |
| Amounts receivable within one year40/41 | €0.09m | €0.1m | €0.2m | €0.02m | €0.3m | ▲ 1,516% |
| Trade receivables40 | - | €0.1m | €0.2m | €0.01m | €0.3m | ▲ 3,023% |
| Other amounts receivable41 | - | €8 | €0.04m | €0.009m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.1m | €0.2m | €0.07m | ▼ 63.4% |
| Deferred charges and accrued income490/1 | - | €0.002m | €0.004m | €0.008m | €0.001m | ▼ 87.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.6m | €0.5m | €1.5m | €1.4m | €1.6m | ▲ 10.5% |
| Equity10/15 | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | ▲ 27.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 19.7% |
| Non-distributable reserves130/1 | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 28.2% |
| Profit (loss) carried forward14 | - | - | - | -€0.03m | €0 | ▲ 100% |
| Amounts payable17/49 | €0.4m | €0.1m | €1.1m | €1.2m | €1.2m | ▲ 6.8% |
| Amounts payable after more than one year17 | €0.1m | €0.06m | €0.6m | €0.4m | €0.4m | ▼ 11.5% |
| Financial debts170/4 | - | €0.06m | €0.6m | €0.4m | €0.4m | ▼ 11.5% |
| Amounts payable within one year42/48 | €0.3m | €0.06m | €0.6m | €0.7m | €0.9m | ▲ 17.4% |
| Current portion of amounts payable after more than one year42 | - | €0.03m | €0.07m | €0.05m | €0.05m | ▲ 2.7% |
| Financial debts43 | - | - | - | €0.001m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.001m | €0 | ▼ 100% |
| Trade debts44 | €0.001m | €0.001m | €0.06m | €0.006m | €0.002m | ▼ 59.5% |
| Suppliers440/4 | - | €0.001m | €0.06m | €0.006m | €0.002m | ▼ 59.5% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.02m | €0.001m | €0.03m | ▲ 3,932% |
| Taxes450/3 | - | €0.02m | €0.02m | €0.001m | €0.03m | ▲ 3,932% |
| Other amounts payable47/48 | - | €0.01m | €0.4m | €0.7m | €0.8m | ▲ 15.1% |
| Accrued charges and deferred income492/3 | - | €0.01m | €0.004m | €0.006m | €0.006m | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €126,561 | €114,482 | €44,681 | -€122,383 | €71,449 | ▲ 158% |
| + Depreciation and write-downs630 | - | - | €39,644 | €79,627 | €81,953 | ▲ 2.9% |
| Operating cash flow (approximation) | €126,561 | €114,482 | €84,324 | -€42,756 | €153,403 | ▲ 459% |
| Investment in fixed assets (approximation) | - | €0 | -€749,380 | -€280,614 | -€21,109 | ▲ 92.5% |
| Change in cash | - | -€50,948 | -€72,534 | €57,019 | -€124,457 | ▼ 318% |
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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Of 9,150 companies in this sector we hold annual accounts for 6,798. 5,030 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector