Active BE 0748.987.973Private limited company

KINDRED SPIRITS

Azaleaweg 8 ·2620 Hemiksem, Belgium· 6 yrs active

Sector: Manufacture of beverages (11010)

Conclusion Checked

The computed 12-month bankruptcy probability of KINDRED SPIRITS is 2.2% (moderate). The 2024 annual accounts show negative equity (€-525) and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 392 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-525
Net result	€-8k
Better than sector	34%
Active	6 yrs

Financial profile 5 of 5 axes measured · computed by Checked

70 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 55

Profitability 100

Solvency 61

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

2.2% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

55 / 100 Fair

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

30 2021

100 2022

55 2023

55 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.73 (≥ 1.5) +10

Quick ratio Quick ratio 1.42 (≥ 1.0) +5

Equity Negative equity -25

Profitability ROE 1522% (≥ 10%) +10

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 11, Manufacture of beverages · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-2.5%	19.3%	better than 34% of 392 sector peers
Net result	€-8k	€-3k	better than 37% of 392 sector peers
Equity	€-525	€13k	better than 35% of 392 sector peers
Gross operating margin	€-7k	€8k	better than 14% of 391 sector peers
Total assets	€21k	€120k	better than 13% of 392 sector peers

EBITDA

€18k

- 21-24

Net profit

€-8k

+48.6% 21-24

Cash flow

€18k

- 21-24

Total assets

€21k

+16.6% 21-24

Equity

€-525

- 21-24

Working capital

€8k

-48.5% 21-24

Debt

€22k

+103.5% 21-24

Debt ≤ 1y

€12k

+1779.7% 21-24

Debt > 1y

€10k

0.0% 21-24

Current ratio

1.73

-93.7% 21-24

Quick ratio

1.42

-94.9% 21-24

Solvency

-2.5%

- 21-24

Debt / equity

-41.15

- 21-24

ROE

1522.0%

- 21-24

ROA

-37.9%

+55.9% 21-24

Interest coverage

279.83

- 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	-	-	€18k	€-2k
Net profit	€-8k	€-16k	€18k	€-3k
Cash flow	-	-	€18k	€-2k
Staff costs	-	-	-	-
Income taxes	-	-	-	-
Dividends	-	-	-	-
Total assets	€21k	€18k	€33k	€5k
Equity	€-525	€7k	€23k	€5k
Debt	€22k	€11k	€10k	-
of which ≤ 1y	€12k	€618	€216	-
of which > 1y	€10k	€10k	€10k	-
Working capital	€8k	€16k	€33k	-
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	1.73	27.66	153.80	-
Quick ratio	1.42	27.66	153.80	-
Working capital ratio	40.2%	91.1%	99.3%	-
Solvency	-2.5%	41.3%	69.3%	100.0%
Debt / equity	-41.15	1.42	0.44	-
Long-term debt ratio	-19.04	1.34	0.43	-
Interest coverage	-	-	279.83	-30.20
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-37.9%	-86.0%	53.5%	-57.6%
ROE	1522.0%	-208.4%	77.3%	-57.6%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €1k · 4.7% Current assets €20k · 95.3%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€21k	€18k	€33k	€5k
Fixed assets	21/28	€1k	€1k	-	-
Financial fixed assets	28	€1k	€1k	-	-
Current assets	29/58	€20k	€17k	€33k	€5k
Stocks & contracts in progress	3	€4k	-	-	-
Amounts receivable within one year	40/41	€9k	€8k	€3k	€2k
Cash & bank	54/58	€7k	€9k	€30k	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€21k	€18k	€33k	€5k
Equity	10/15	€-525	€7k	€23k	€5k
Contributions / capital	10/11	€8k	€8k	€8k	€8k
Accumulated profits (losses)	14	€-9k	€-782	€15k	€-3k
Amounts payable	17/49	€22k	€11k	€10k	-
Amounts payable after one year	17	€10k	€10k	€10k	-
Amounts payable within one year	42/48	€12k	€618	€216	-
Trade debts payable within one year	44	€3k	€603	€167	-
Income statement
Gross operating margin	9900	€-7k	€-15k	€19k	€-1k
Operating result	9901	€-8k	€-15k	€18k	€-3k
Financial income	75	€135	€80	€104	€46
Financial charges	65	€9	€206	€63	€68
Result before taxes	9903	€-8k	€-16k	€18k	€-3k
Net result for the period	9904	€-8k	€-16k	€18k	€-3k
Result to be appropriated	9905	€-8k	€-16k	€18k	€-3k

Legal Structure

NACE primary	Manufacture of beverages(11010)
Legal form	Private limited company(610)
Incorporation	25-06-2020
Status	Active
Postal code	2620

Establishment units 1 location

KINDRED SPIRITS

Azaleaweg 8, 2620 HemiksemManufacture of food products

since 20202.305.535.491

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11018A0025/00B003	Flanders	741 m²	1 · 146 m²	8.4 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

All 6Financial 2Filings 4

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

02-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-16k ▼187%

Net result drops to €-16k, the lowest in the series; recovery starts the following year.

20-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €18k

Net result €18k after one loss-making year.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Manufacture of beverages11010

Names & trade names

Legal nameNL

KINDRED SPIRITS

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