KINCO
ActiveSummary
KINCO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €159k and a net result of €19k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74=
Solvency63▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.22 in 2023; short-term debt: 11.3% and cash: 7.1% of total assets), but 62.1% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
46 d early
2022
35 d early
2021
22 d early
2020
39 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€159k▼ 5.5%
2023 · €168k
Total assets
€420k▼ 7.8%
2023 · €455k
Net result
€19k▼ 0.1%
2023 · €19k
Working capital
€49k▼ 14.7%
2023 · €57k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€43k▲ 113%€9k▼ 78.9%€5k▼ 46.5%€31k▲ 546%€31k▼ 0.7%
Net result€24k▲ 143%€2k▼ 92.6%€-2k€19k€19k▼ 0.1%
Equity€259k▲ 10.4%€241k▼ 6.8%€165k▼ 31.5%€168k▲ 2.0%€159k▼ 5.5%
Total assets€626k▼ 2.9%€573k▼ 8.5%€469k▼ 18.1%€455k▼ 2.9%€420k▼ 7.8%
Debt€367k▼ 10.5%€332k▼ 9.7%€304k▼ 8.3%€287k▼ 5.6%€261k▼ 9.2%
Working capital€128k▲ 20.0%€119k▼ 7.2%€47k▼ 60.2%€57k▲ 20.3%€49k▼ 14.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €420k
Fixed assets
€324k ▼ 7.9%
Current assets
€96k ▼ 7.4%
Equity and liabilities €420k
Equity
€159k ▼ 5.5%
Debt
€261k ▼ 9.2%
Debt's share of the balance-sheet total falls from 63.0% to 62.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59k▼
2023 · €64k
Cash flow
€46k▼
2023 · €52k
Current ratio
2.03▼
2023 · 2.22
Debt to equity
1.64▼
2023 · 1.71
ROE
11.6%▲
2023 · 11.0%
ROA
4.4%▲
2023 · 4.1%
Interest coverage
11.64▼
2023 · 13.52
Debt ≤ 1 year
€47k▲
2023 · €47k
Debt > 1 year
€213k▼
2023 · €240k
Income taxes
€9k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €34k | €34k | €33k | €28k | ▼ 15.3% |
| Other operating charges640/8 | - | €3k | €5k | €4k | €5k | ▲ 17.6% |
| Gross operating margin9900 | €82k | €47k | €44k | €68k | €64k | ▼ 6.7% |
| Operating profit (loss)9901 | €43k | €9k | €5k | €31k | €31k | ▼ 0.7% |
| Financial income75/76B | - | €658 | €367 | €860 | €1k | ▲ 40.1% |
| Recurring financial income75 | €1k | €658 | €367 | €860 | €1k | ▲ 40.1% |
| Financial charges65/66B | - | €6k | €6k | €5k | €5k | ▲ 6.6% |
| Recurring financial charges65 | €7k | €6k | €6k | €5k | €5k | ▲ 6.6% |
| Profit (loss) for the period before taxes9903 | €37k | €4k | €-377 | €28k | €27k | ▼ 0.7% |
| Income taxes67/77 | €13k | €2k | €2k | €9k | €9k | ▼ 1.8% |
| Profit (loss) for the period9904 | €24k | €2k | €-2k | €19k | €19k | ▼ 0.1% |
| Profit (loss) for the period to be appropriated9905 | €24k | €2k | €-2k | €19k | €19k | ▼ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €626k | €573k | €469k | €455k | €420k | ▼ 7.8% |
| Fixed assets21/28 | €450k | €416k | €385k | €352k | €324k | ▼ 7.9% |
| Tangible fixed assets22/27 | €450k | €416k | €385k | €352k | €324k | ▼ 7.9% |
| Land and buildings22 | - | €403k | €376k | €349k | €322k | ▼ 7.7% |
| Plant, machinery and equipment23 | - | €13k | €9k | €3k | €2k | ▼ 38.2% |
| Current assets29/58 | €176k | €157k | €84k | €104k | €96k | ▼ 7.4% |
| Amounts receivable after more than one year29 | - | €6k | €12k | €14k | - | - |
| Other amounts receivable291 | - | €6k | €12k | €14k | - | - |
| Amounts receivable within one year40/41 | €21k | €29k | €6k | €13k | €14k | ▲ 11.6% |
| Trade receivables40 | - | €19k | €3k | €12k | €14k | ▲ 16.3% |
| Other amounts receivable41 | - | €10k | €4k | €529 | - | - |
| Current investments50/53 | - | - | - | €50k | €51k | ▲ 2.2% |
| Cash at bank and in hand54/58 | €130k | €123k | €58k | €26k | €30k | ▲ 14.6% |
| Deferred charges and accrued income490/1 | - | - | €8k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €626k | €573k | €469k | €455k | €420k | ▼ 7.8% |
| Equity10/15 | €259k | €241k | €165k | €168k | €159k | ▼ 5.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €240k | €223k | €146k | €150k | €140k | ▼ 6.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €221k | €145k | €150k | €140k | ▼ 6.2% |
| Amounts payable17/49 | €367k | €332k | €304k | €287k | €261k | ▼ 9.2% |
| Amounts payable after more than one year17 | €320k | €294k | €267k | €240k | €213k | ▼ 11.2% |
| Financial debts170/4 | - | €294k | €267k | €240k | €213k | ▼ 11.2% |
| Amounts payable within one year42/48 | €48k | €38k | €37k | €47k | €47k | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | €26k | €26k | €29k | €27k | ▼ 6.5% |
| Trade debts44 | €15k | €4k | €5k | €4k | €4k | ▼ 15.6% |
| Suppliers440/4 | - | €4k | €5k | €4k | €4k | ▼ 15.6% |
| Taxes, remuneration and social security45 | - | €7k | €4k | €12k | €12k | ▼ 0.1% |
| Taxes450/3 | - | €7k | €4k | €12k | €12k | ▼ 0.1% |
| Other amounts payable47/48 | - | €2k | €2k | €2k | €5k | ▲ 206% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €2k | €-2k | €19k | €19k | ▼ 0.1% |
| + Depreciation and write-downs630 | €34k | €34k | €34k | €33k | €28k | ▼ 15.3% |
| Operating cash flow (approximation) | €59k | €36k | €32k | €52k | €46k | ▼ 9.8% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €0 | - |
| Change in cash | - | €-8k | €-65k | €-31k | €4k | ▲ 112% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Niel · 1 establishment unit since 2003
Ground area
621 m²
Building footprint
433 m²
Volume, LiDAR
3,191 m³
Parcel 11030B0319/00S008, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Kinco BVBA
since 20032.133.735.229
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030B0319/00S008 | Flanders | 621 m² | 1 · 433 m² | 13.1 m · 3 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 9,862 companies in sector 73110 we hold annual accounts for 3,752. 2,918 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
Founded30-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.