KIME
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-06-2026 PDF all 35 filings
Equity
-€19,054▼ 80.4%
2024 · -€10,560
Total assets
€6,450▼ 51.5%
2024 · €13,297
Net result
-€8,494▼ 4.9%
2024 · -€8,097
Working capital
-€22,065▼ 26.0%
2024 · -€17,508
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€8,111
▼ 5.2%
2025
20182025
Net result
-€8,494
▼ 4.9%
2025
lowest quarter of the sector
20182025
Equity
-€19,054
▼ 80.4%
2025
lowest quarter of the sector
20182025
Total assets
€6,450
▼ 51.5%
2025
lowest quarter of the sector
20182025
Debt
€25,504
▲ 6.9%
2025
20182025
Working capital
-€22,065
▼ 26.0%
2025
lowest quarter of the sector
20182025
Solvency
-295.4%
▼ 216.0pp
2025
lowest quarter of the sector
20182025
Current ratio
0.13
▼ 0.13
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-131.7%
▼ 70.8pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€2,026--€2,028▼ 0.1%€53,838€75,730▲ 40.7%-€12,035-€11,667▲ 3.1%-€7,706▲ 33.9%-€8,111▼ 5.2%
Net result-€2,335--€2,110▲ 9.6%€53,654above the sector's middle half€69,550above the sector's middle half▲ 29.6%-€12,162below the sector's middle half-€12,140below the sector's middle half▲ 0.2%-€8,097below the sector's middle half▲ 33.3%-€8,494below the sector's middle half▼ 4.9%
Equity-€99,255--€101,366▼ 2.1%-€47,712below the sector's middle half▲ 52.9%€21,838within the sector's middle half€9,677within the sector's middle half▼ 55.7%-€2,463below the sector's middle half-€10,560below the sector's middle half▼ 329%-€19,054below the sector's middle half▼ 80.4%
Total assets€4,681-€3,856▼ 17.6%€24,643below the sector's middle half▲ 539%€68,428within the sector's middle half▲ 178%€38,399below the sector's middle half▼ 43.9%€21,879below the sector's middle half▼ 43.0%€13,297below the sector's middle half▼ 39.2%€6,450below the sector's middle half▼ 51.5%
Debt€103,936-€105,222▲ 1.2%€72,355▼ 31.2%€46,590▼ 35.6%€28,723▼ 38.3%€24,342▼ 15.3%€23,857▼ 2.0%€25,504▲ 6.9%
Working capital-€103,827--€104,915▼ 1.0%-€51,277below the sector's middle half▲ 51.1%€11,018within the sector's middle half€341within the sector's middle half▼ 96.9%-€11,037within the sector's middle half-€17,508below the sector's middle half▼ 58.6%-€22,065below the sector's middle half▼ 26.0%
Solvency-193.6%below the sector's middle half31.9%within the sector's middle half▲ 225.5pp25.2%within the sector's middle half▼ 6.7pp-11.3%below the sector's middle half▼ 36.5pp-79.4%below the sector's middle half▼ 68.2pp-295.4%below the sector's middle half▼ 216.0pp
Current ratio0.29below the sector's middle half1.30within the sector's middle half▲ 1.011.02within the sector's middle half▼ 0.290.50below the sector's middle half▼ 0.520.27below the sector's middle half▼ 0.230.13below the sector's middle half▼ 0.13
Return on assets (ROA)217.7%above the sector's middle half101.6%above the sector's middle half▼ 116.1pp-31.7%below the sector's middle half▼ 133.3pp-55.5%below the sector's middle half▼ 23.8pp-60.9%below the sector's middle half▼ 5.4pp-131.7%below the sector's middle half▼ 70.8pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €8,111, larger than the loss of €7,706 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,450
Fixed assets
€3,012 ▼ 56.7%
Current assets
€3,439 ▼ 45.8%
Equity and liabilities
Equity-€19,054
Debt€25,504
Equity is negative. Debt (€25,504) exceeds the balance-sheet total (€6,450).
Key figures and ratios
EBITDA
-€4,174▼
2024 · -€3,770
Cash flow
-€4,558▼
2024 · -€4,160
Interest coverage
-19.11▼
2024 · -16.58
Debt ≤ 1 year
€25,504▲
2024 · €23,857
Income taxes
€165▼
2024 · €174
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €20,711 | - | - | - | - |
| Depreciation and write-downs of the year | €3,364 | €5,348 | €4,680 | €3,937 | €3,937 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,022 | €1,022 | €1,150 | €3,364 | €5,348 | €4,680 | €3,937 | €3,937 | = |
| Other operating charges640/8 | - | - | - | €591 | €512 | €765 | €566 | €582 | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,043 | - | - | - |
| Gross operating margin9900 | -€1,004 | -€658 | €55,397 | €79,686 | -€6,176 | -€5,179 | -€3,204 | -€3,592 | ▼ 12.1% |
| Operating profit (loss)9901 | -€2,026 | -€2,028 | €53,838 | €75,730 | -€12,035 | -€11,667 | -€7,706 | -€8,111 | ▼ 5.2% |
| Financial income75/76B | - | - | - | €23 | €386 | €2 | €11 | - | - |
| Recurring financial income75 | - | - | - | €23 | €386 | €2 | €11 | - | - |
| Financial charges65/66B | - | - | - | €423 | €354 | €309 | €227 | €218 | ▼ 3.9% |
| Recurring financial charges65 | €309 | €83 | €185 | €423 | €354 | €309 | €227 | €218 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | -€2,335 | -€2,110 | €53,654 | €75,330 | -€12,003 | -€11,974 | -€7,922 | -€8,329 | ▼ 5.1% |
| Income taxes67/77 | - | - | - | €5,780 | €159 | €166 | €174 | €165 | ▼ 5.4% |
| Profit (loss) for the period9904 | -€2,335 | -€2,110 | €53,654 | €69,550 | -€12,162 | -€12,140 | -€8,097 | -€8,494 | ▼ 4.9% |
| Profit (loss) for the period to be appropriated9905 | -€2,335 | -€2,110 | €53,654 | €69,550 | -€12,162 | -€12,140 | -€8,097 | -€8,494 | ▼ 4.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4,681 | €3,856 | €24,643 | €68,428 | €38,399 | €21,879 | €13,297 | €6,450 | ▼ 51.5% |
| Fixed assets21/28 | €4,572 | €3,550 | €3,565 | €20,912 | €15,564 | €10,885 | €6,948 | €3,012 | ▼ 56.7% |
| Tangible fixed assets22/27 | €4,572 | €3,550 | €3,565 | €20,912 | €15,564 | €10,885 | €6,948 | €3,012 | ▼ 56.7% |
| Plant, machinery and equipment23 | - | - | - | €4,431 | €2,989 | €2,087 | €1,668 | €1,248 | ▼ 25.2% |
| Furniture and vehicles24 | - | - | - | €16,481 | €12,575 | €8,797 | €5,280 | €1,763 | ▼ 66.6% |
| Current assets29/58 | €109 | €306 | €21,078 | €47,516 | €22,835 | €10,994 | €6,349 | €3,439 | ▼ 45.8% |
| Amounts receivable within one year40/41 | - | €160 | €6,837 | €10,467 | €1,765 | €1,175 | €1,831 | €3,169 | ▲ 73.1% |
| Trade receivables40 | - | - | - | €10,467 | €975 | - | €9 | €484 | ▲ 52× |
| Other amounts receivable41 | - | - | - | - | €789 | €1,175 | €1,822 | €2,685 | ▲ 47.4% |
| Cash at bank and in hand54/58 | €109 | €146 | €13,319 | €36,795 | €20,816 | €9,564 | €4,518 | €270 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | - | - | €255 | €255 | €255 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4,681 | €3,856 | €24,643 | €68,428 | €38,399 | €21,879 | €13,297 | €6,450 | ▼ 51.5% |
| Equity10/15 | -€99,255 | -€101,366 | -€47,712 | €21,838 | €9,677 | -€2,463 | -€10,560 | -€19,054 | ▼ 80.4% |
| Contributions10/11 | €29,342 | €29,342 | - | €29,342 | €29,342 | €29,342 | €29,342 | €29,342 | = |
| Reserves13 | €74 | €74 | €74 | €74 | €74 | €74 | €74 | €74 | = |
| Non-distributable reserves130/1 | - | - | - | €74 | €74 | €74 | €74 | €74 | = |
| Reserves not available under the articles1311 | - | - | - | €74 | €74 | €74 | €74 | €74 | = |
| Profit (loss) carried forward14 | -€128,671 | -€130,782 | -€77,128 | -€7,578 | -€19,740 | -€31,880 | -€39,976 | -€48,470 | ▼ 21.2% |
| Amounts payable17/49 | €103,936 | €105,222 | €72,355 | €46,590 | €28,723 | €24,342 | €23,857 | €25,504 | ▲ 6.9% |
| Amounts payable after more than one year17 | - | - | - | €10,092 | €6,228 | €2,311 | - | - | - |
| Financial debts170/4 | - | - | - | €10,092 | €6,228 | €2,311 | - | - | - |
| Amounts payable within one year42/48 | €103,936 | €105,222 | €72,355 | €36,498 | €22,494 | €22,031 | €23,857 | €25,504 | ▲ 6.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,810 | €3,863 | €3,918 | €2,311 | - | - |
| Trade debts44 | €424 | - | €578 | €186 | €169 | €943 | - | €17 | - |
| Suppliers440/4 | - | - | - | €186 | €169 | €943 | - | €17 | - |
| Taxes, remuneration and social security45 | - | - | - | €7,985 | €315 | €214 | €332 | €158 | ▼ 52.5% |
| Taxes450/3 | - | - | - | €7,985 | €315 | €214 | €332 | €158 | ▼ 52.5% |
| Other amounts payable47/48 | - | - | - | €24,517 | €18,148 | €16,957 | €21,214 | €25,329 | ▲ 19.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,335 | -€2,110 | €53,654 | €69,550 | -€12,162 | -€12,140 | -€8,097 | -€8,494 | ▼ 4.9% |
| + Depreciation and write-downs630 | €1,022 | €1,022 | €1,150 | €3,364 | €5,348 | €4,680 | €3,937 | €3,937 | = |
| Operating cash flow (approximation) | -€1,313 | -€1,088 | €54,804 | €72,915 | -€6,814 | -€7,460 | -€4,160 | -€4,558 | ▼ 9.6% |
| Investment in fixed assets (approximation) | - | €0 | -€1,166 | -€20,711 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €37 | €13,173 | €23,476 | -€15,979 | -€11,251 | -€5,047 | -€4,248 | ▲ 15.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as KIME has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KIME itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for KIME. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00145586 | |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00155055 | |
| 31-12-2023 | micro format | 08-08-2024 | 2024-00335344 | |
| 31-12-2022 | micro format | 08-10-2023 | 2023-00476227 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20368352 | |
| 31-12-2020 | micro format | 05-08-2021 | 2021-46500482 | |
| 31-12-2019 | micro format | 12-08-2020 | 2020-40400234 | |
| 31-12-2018 | micro format | 09-10-2019 | 2019-70000584 | |
| 31-12-2017 | micro format | 09-11-2018 | 2018-71900559 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-39800225 |