Kindo
ActiveSummary
Kindo has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,069 and a net result of €28,108. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+55
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 7.88 against 1.23 in 2024; short-term debt: 12.3% and cash: 52.1% of total assets), and 12.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.4%
Return on assets
48.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-04-2026, 119 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
119 d early
2024
163 d early
2023
106 d early
2022
122 d early
2021
30 d early
2020
73 d early
← 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 102 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 3 April (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€51,069▲ 122%
2024 · €22,961
Total assets
€58,445▼ 49.0%
2024 · €114,604
Net result
€28,108▼ 28.6%
2024 · €39,367
Working capital
€49,496▲ 139%
2024 · €20,731
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 70, Activities of head offices; management consultancy 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€35,998▼ 31.7%€37,244▲ 3.5%€38,228▲ 2.6%€48,908▲ 27.9%€38,567▼ 21.1%
Net result€28,947within the sector's middle half▼ 27.8%€30,312within the sector's middle half▲ 4.7%€29,987within the sector's middle half▼ 1.1%€39,367within the sector's middle half▲ 31.3%€28,108within the sector's middle half▼ 28.6%
Equity€74,046within the sector's middle half▲ 64.2%€104,357within the sector's middle half▲ 40.9%€69,844within the sector's middle half▼ 33.1%€22,961below the sector's middle half▼ 67.1%€51,069within the sector's middle half▲ 122%
Total assets€84,728within the sector's middle half▲ 46.1%€124,018within the sector's middle half▲ 46.4%€95,973within the sector's middle half▼ 22.6%€114,604within the sector's middle half▲ 19.4%€58,445below the sector's middle half▼ 49.0%
Debt€10,682▼ 17.3%€19,661▲ 84.1%€26,129▲ 32.9%€91,643▲ 251%€7,376▼ 92.0%
Working capital€69,704within the sector's middle half▲ 59.5%€101,607within the sector's middle half▲ 45.8%€65,524within the sector's middle half▼ 35.5%€20,731within the sector's middle half▼ 68.4%€49,496within the sector's middle half▲ 139%
Solvency87.4%above the sector's middle half▲ 9.6pp84.1%above the sector's middle half▼ 3.2pp72.8%within the sector's middle half▼ 11.4pp20.0%below the sector's middle half▼ 52.7pp87.4%above the sector's middle half▲ 67.3pp
Current ratio7.53above the sector's middle half▲ 3.146.17above the sector's middle half▼ 1.363.51within the sector's middle half▼ 2.661.23within the sector's middle half▼ 2.287.88above the sector's middle half▲ 6.65
Return on assets (ROA)34.2%above the sector's middle half▼ 35.0pp24.4%within the sector's middle half▼ 9.7pp31.2%above the sector's middle half▲ 6.8pp34.4%above the sector's middle half▲ 3.1pp48.1%above the sector's middle half▲ 13.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,445
Fixed assets
€1,753 ▼ 28.7%
Current assets
€56,692 ▼ 49.4%
Equity and liabilities €58,445
Equity
€51,069 ▲ 122%
Debt
€7,376 ▼ 92.0%
Debt's share of the balance-sheet total falls from 80.0% to 12.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,271▼
2024 · €50,770
Cash flow
€28,812▼
2024 · €41,230
Debt to equity
0.14▼
2024 · 3.99
ROE
55.0%▼
2024 · 171.5%
Interest coverage
15.67▲
2024 · 15.21
Debt ≤ 1 year
€7,196▼
2024 · €91,416
Income taxes
€7,954▲
2024 · €6,203
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 0.3% 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 497,341 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 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €17,438 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €769 | €1,592 | €1,950 | €1,863 | €704 | ▼ 62.2% |
| Other operating charges640/8 | €111 | €112 | €217 | €195 | €439 | ▲ 125% |
| Gross operating margin9900 | €36,877 | €38,948 | €40,395 | €50,965 | €39,710 | ▼ 22.1% |
| Operating profit (loss)9901 | €35,998 | €37,244 | €38,228 | €48,908 | €38,567 | ▼ 21.1% |
| Financial income75/76B | €481 | €1,146 | €518 | €0 | - | - |
| Recurring financial income75 | €481 | €1,146 | €518 | €0 | - | - |
| Financial charges65/66B | €118 | €0 | €663 | €3,337 | €2,506 | ▼ 24.9% |
| Recurring financial charges65 | €118 | €0 | €663 | €3,337 | €2,506 | ▼ 24.9% |
| Profit (loss) for the period before taxes9903 | €36,360 | €38,390 | €38,083 | €45,570 | €36,062 | ▼ 20.9% |
| Income taxes67/77 | €7,414 | €8,079 | €8,097 | €6,203 | €7,954 | ▲ 28.2% |
| Profit (loss) for the period9904 | €28,947 | €30,312 | €29,987 | €39,367 | €28,108 | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €28,947 | €30,312 | €29,987 | €39,367 | €28,108 | ▼ 28.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84,728 | €124,018 | €95,973 | €114,604 | €58,445 | ▼ 49.0% |
| Fixed assets21/28 | €4,342 | €2,750 | €4,320 | €2,457 | €1,753 | ▼ 28.7% |
| Tangible fixed assets22/27 | €4,342 | €2,750 | €4,320 | €2,457 | €1,753 | ▼ 28.7% |
| Plant, machinery and equipment23 | €3,603 | €2,367 | €1,130 | €0 | - | - |
| Furniture and vehicles24 | €738 | €383 | €3,190 | €2,457 | €1,753 | ▼ 28.7% |
| Current assets29/58 | €80,386 | €121,268 | €91,653 | €112,147 | €56,692 | ▼ 49.4% |
| Amounts receivable within one year40/41 | €38,257 | €49,814 | €24,445 | €18,885 | €23,416 | ▲ 24.0% |
| Trade receivables40 | €19,542 | €20,116 | €22,016 | €11,966 | €23,164 | ▲ 93.6% |
| Other amounts receivable41 | €18,715 | €29,698 | €2,429 | €6,919 | €252 | ▼ 96.4% |
| Cash at bank and in hand54/58 | €39,428 | €68,976 | €64,142 | €90,154 | €30,471 | ▼ 66.2% |
| Deferred charges and accrued income490/1 | €2,702 | €2,478 | €3,066 | €3,108 | €2,806 | ▼ 9.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84,728 | €124,018 | €95,973 | €114,604 | €58,445 | ▼ 49.0% |
| Equity10/15 | €74,046 | €104,357 | €69,844 | €22,961 | €51,069 | ▲ 122% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €69,046 | €99,357 | €64,844 | €17,961 | €46,069 | ▲ 156% |
| Amounts payable17/49 | €10,682 | €19,661 | €26,129 | €91,643 | €7,376 | ▼ 92.0% |
| Amounts payable within one year42/48 | €10,682 | €19,661 | €26,129 | €91,416 | €7,196 | ▼ 92.1% |
| Trade debts44 | €740 | €644 | €1,035 | €2,491 | €285 | ▼ 88.6% |
| Suppliers440/4 | €740 | €644 | €1,035 | €2,491 | €285 | ▼ 88.6% |
| Taxes, remuneration and social security45 | €9,942 | €19,017 | €3,094 | €2,675 | €1,360 | ▼ 49.1% |
| Taxes450/3 | €9,942 | €19,017 | €3,094 | €2,675 | €1,360 | ▼ 49.1% |
| Other amounts payable47/48 | - | - | €22,000 | €86,250 | €5,551 | ▼ 93.6% |
| Accrued charges and deferred income492/3 | - | - | - | €227 | €180 | ▼ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,947 | €30,312 | €29,987 | €39,367 | €28,108 | ▼ 28.6% |
| + Depreciation and write-downs630 | €769 | €1,592 | €1,950 | €1,863 | €704 | ▼ 62.2% |
| Operating cash flow (approximation) | €29,715 | €31,903 | €31,937 | €41,230 | €28,812 | ▼ 30.1% |
| Investment in fixed assets (approximation) | - | €0 | -€3,520 | €0 | €0 | - |
| Change in cash | - | €29,548 | -€4,833 | €26,011 | -€59,683 | ▼ 329% |
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
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €28,108 ▼28.6%
Net result drops to €28,108, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 7.88
Current ratio from 1.23 to 7.88; short-term debt falls from €91,416 to €7,196.
18-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €104,357 ▲40.9%
3 profitable years in a row build equity to €104,357.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortemark · 1 establishment unit since 2019
Ground area
682 m²
Building footprint
134 m²
Volume, LiDAR
629 m³
Parcel 32025B0816/00L000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kindo
since 20192.290.998.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32025B0816/00L000 | Flanders | 682 m² | 1 · 134 m² | 8.4 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 82,601 companies in this sector we hold annual accounts for 52,629. 38,198 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded01-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Website
www.kindo.be
E-mail
alexander@kindo.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729597277
Also
9925:BE0729597277
Registered
28-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.