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Kine2improve

Active
Private limited companyfounded 20206 yrs activeLangestraat 38, 9620 Zottegem, BelgiumKBO/BCE: BE 0753.929.827
Summary

The computed 12-month bankruptcy probability of Kine2improve is 2.5% (moderate). The 2025 annual accounts show equity of €3,000 and a net result of €45,152. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency27▼-73
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
1 d early
2024
21 d early
2023
20 d early
2022
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 19 January (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 September 2020, Kine2improve was incorporated as a Private limited company.1 Total assets went from EUR 67,752 in 2022 to EUR 178,783 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€3,000▼ 97.7%
2024 · €129,856
Total assets
€178,783▲ 22.1%
2024 · €146,428
Net result
€45,152▲ 13.9%
2024 · €39,635
Working capital
€1,838▼ 98.6%
2024 · €129,954
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
Line2022202320242025
Operating result€63,646-€49,401▼ 22.4%€52,906▲ 7.1%€60,475▲ 14.3%
Net result€49,774-€39,015▼ 21.6%€39,635▲ 1.6%€45,152▲ 13.9%
Equity€52,774-€90,989▲ 72.4%€129,856▲ 42.7%€3,000▼ 97.7%
Total assets€67,752-€103,273▲ 52.4%€146,428▲ 41.8%€178,783▲ 22.1%
Debt€14,978-€12,284▼ 18.0%€16,573▲ 34.9%€175,783▲ 961%
Working capital€52,774-€90,989▲ 72.4%€129,954▲ 42.8%€1,838▼ 98.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2022: €63,646€63,646Net result 2022: €49,774€49,774Operating result 2023: €49,401€49,401Net result 2023: €39,015€39,015Operating result 2024: €52,906€52,906Net result 2024: €39,635€39,635Operating result 2025: €60,475€60,475Net result 2025: €45,152€45,1522022202320242025€0€20,000€40,000€60,000Operating result 2023: €49,401€49,400Net result 2023: €39,015€39,000Operating result 2024: €52,906€52,900Net result 2024: €39,635€39,600Operating result 2025: €60,475€60,500Net result 2025: €45,152€45,200202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178,783
Fixed assets €1,311
Current assets €177,471
Equity and liabilities €178,783
Equity €3,000 ▼ 97.7%
Debt €175,783 ▲ 961%
Debt's share of the balance-sheet total rises from 11.3% to 98.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€60,758
Cash flow
€45,434
Current ratio
1.01▼
2024 · 8.89
Debt to equity
58.59▲
2024 · 0.13
ROA
25.3%▼
2024 · 27.1%
Interest coverage
91.67
Debt ≤ 1 year
€175,634▲
2024 · €16,474
Income taxes
€15,622▲
2024 · €13,645
A ratio outside any meaningful range has been withheld (balance sheet total €178,783, equity €3,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,153 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€146,428€178,783▲
Fixed assets21/28-€1,311
Tangible fixed assets22/27-€1,311
Furniture and vehicles24-€1,311
Current assets29/58€146,428€177,471▲
Amounts receivable within one year40/41€8,232€8,612▲
Trade receivables40€8,232€8,612▲
Current investments50/53€95,000€79,862▼
Cash at bank and in hand54/58€42,901€88,838▲
Deferred charges and accrued income490/1€295€160▼
Equity and liabilities
Total equity and liabilities10/49€146,428€178,783▲
Equity10/15€129,856€3,000▼
Contributions10/11€3,000€3,000=
Reserves13€126,856€0▼
Distributable reserves133€126,856€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€16,573€175,783▲
Amounts payable within one year42/48€16,474€175,634▲
Trade debts44€156€142▼
Suppliers440/4€156€142▼
Taxes, remuneration and social security45€13,791€1,134▼
Taxes450/3€13,791€1,134▼
Other amounts payable47/48€2,527€174,358▲
Accrued charges and deferred income492/3€99€149▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€283
Other operating charges640/8€666€822▲
Gross operating margin9900€53,572€61,580▲
Operating profit (loss)9901€52,906€60,475▲
Financial income75/76B€511€961▲
Recurring financial income75€511€961▲
Financial charges65/66B€138€663▲
Recurring financial charges65€138€663▲
Profit (loss) for the period before taxes9903€53,279€60,773▲
Income taxes67/77€13,645€15,622▲
Profit (loss) for the period9904€39,635€45,152▲
Profit (loss) for the period to be appropriated9905€39,635€45,152▲
Appropriation of the result
Profit (loss) to be appropriated9906€39,635€45,152▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€126,856
Transfer to equity691/2€38,867€0▼
To other reserves6921€38,867€0▼
Profit to be distributed694/7€768€172,007▲
Return on contributions (dividend)694€768€172,007▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€283-
Other operating charges640/8€300€272€666€822▲ 23.4%
Gross operating margin9900€63,946€49,673€53,572€61,580▲ 14.9%
Operating profit (loss)9901€63,646€49,401€52,906€60,475▲ 14.3%
Financial income75/76B€0€0€511€961▲ 87.9%
Recurring financial income75€0€0€511€961▲ 87.9%
Financial charges65/66B€79€289€138€663▲ 382%
Recurring financial charges65€79€289€138€663▲ 382%
Profit (loss) for the period before taxes9903€63,567€49,112€53,279€60,773▲ 14.1%
Income taxes67/77€13,793€10,097€13,645€15,622▲ 14.5%
Profit (loss) for the period9904€49,774€39,015€39,635€45,152▲ 13.9%
Profit (loss) for the period to be appropriated9905€49,774€39,015€39,635€45,152▲ 13.9%
Line2022202320242025Change
Assets
Total assets20/58€67,752€103,273€146,428€178,783▲ 22.1%
Fixed assets21/28---€1,311-
Tangible fixed assets22/27---€1,311-
Furniture and vehicles24---€1,311-
Current assets29/58€67,752€103,273€146,428€177,471▲ 21.2%
Amounts receivable within one year40/41€5,469€9,074€8,232€8,612▲ 4.6%
Trade receivables40€5,469€9,074€8,232€8,612▲ 4.6%
Current investments50/53-€10,000€95,000€79,862▼ 15.9%
Cash at bank and in hand54/58€58,491€84,043€42,901€88,838▲ 107%
Deferred charges and accrued income490/1€3,792€155€295€160▼ 45.7%
Equity and liabilities
Total equity and liabilities10/49€67,752€103,273€146,428€178,783▲ 22.1%
Equity10/15€52,774€90,989€129,856€3,000▼ 97.7%
Contributions10/11€3,000€3,000€3,000€3,000=
Reserves13-€87,989€126,856€0▼ 100%
Distributable reserves133-€87,989€126,856€0▼ 100%
Profit (loss) carried forward14€49,774€0€0€0-
Amounts payable17/49€14,978€12,284€16,573€175,783▲ 961%
Amounts payable within one year42/48€14,978€12,284€16,474€175,634▲ 966%
Trade debts44€221€0€156€142▼ 9.0%
Suppliers440/4€221€0€156€142▼ 9.0%
Taxes, remuneration and social security45€13,943€10,397€13,791€1,134▼ 91.8%
Taxes450/3€13,943€10,397€13,791€1,134▼ 91.8%
Other amounts payable47/48€814€1,887€2,527€174,358▲ 6,800%
Accrued charges and deferred income492/3--€99€149▲ 51.1%
Line2022202320242025Change
Profit (loss) for the period9904€49,774€39,015€39,635€45,152▲ 13.9%
+ Depreciation and write-downs630---€283-
Operating cash flow (approximation)€49,774€39,015€39,635€45,434▲ 14.6%
Change in cash-€25,552-€41,143€45,937▲ 212%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
30-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
10-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial Equity above €100,000Eq €129,856 ▲42.7%
3 profitable years in a row build equity to €129,856.
11-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Weakest financial yearnet €39,015 ▼21.6%
Net result drops to €39,015, the lowest in the series; recovery starts the following year.
27-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

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.

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Directors · office · real estate

Directors
1 act for this company is 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, Zottegem · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
3,156 m²
Building footprint
157 m²
Volume, LiDAR
987 m³
Parcel 41020A0900/00F000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Kine2improve
Langestraat 38, 9620 ZottegemOther activities auxiliary to financial services, excluding insurance and pension funding
since 20202.306.841.429
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41020A0900/00F000 Flanders 3,156 m² 1 · 156 m² 9.0 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 920 EUR awarded · 920 EUR paid
Year Entries awardedpaid
2025 1 186 EUR186 EUR
2024 1 279 EUR279 EUR
2023 1 290 EUR290 EUR
2022 1 165 EUR165 EUR
Schemes
4 entries · 920 EUR · 920 EUR paid · Fonds voor Innoveren en Ondernemen

Identification & contact

Identification
Legal formPrivate limited company
Founded10-09-2020
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.