KINEAS
ActiveSummary
KINEAS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46,898 and a net result of €2,700. Equity is growing by ~17.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-1
Solvency56▲+6
Growth76▼-1
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.39 in 2023; short-term debt: 23.7% and cash: 6.2% of total assets), and 69.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
30.8%
Return on assets
1.8%
Age of the figures
21 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 17-06-2026, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
44 d early
2024
21 d early
2023
89 d early
2022
74 d late
2021
64 d late
2020
81 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 22 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 July (4 of the last 5 filed years within 85 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 2024, micro schema, 2025 accounts filed, figures not processed yet
Turnover
€101,918▲ 5.9%
2023 · €96,212
EBIT margin
8.9%▼ 6.5pp
2023 · 15.4%
Net result
€2,700▼ 58.3%
2023 · €6,472
Working capital
-€24,704▲ 1.1%
2023 · -€24,987
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€55,260▼ 21.8%€70,805▲ 28.1%€98,304▲ 38.8%€96,212▼ 2.1%€101,918▲ 5.9%
Operating result€4,723▼ 57.0%€7,677▲ 62.5%€13,260▲ 72.7%€14,838▲ 11.9%€9,101▼ 38.7%
Net result€266▼ 94.8%€5,060▲ 1,802%€8,247▲ 63.0%€6,472▼ 21.5%€2,700▼ 58.3%
EBIT margin8.5%▼ 7.0pp10.8%▲ 2.3pp13.5%▲ 2.6pp15.4%▲ 1.9pp8.9%▼ 6.5pp
Equity€24,419▲ 9.5%€29,479▲ 20.7%€37,726▲ 28.0%€44,198▲ 17.2%€46,898▲ 6.1%
Total assets€119,959▼ 9.2%€130,491▲ 8.8%€184,675▲ 41.5%€175,058▼ 5.2%€152,324▼ 13.0%
Debt€95,540▼ 13.0%€101,012▲ 5.7%€146,949▲ 45.5%€130,860▼ 10.9%€105,426▼ 19.4%
Working capital-€20,412▼ 14.2%-€23,333▼ 14.3%-€28,779▼ 23.3%-€24,987▲ 13.2%-€24,704▲ 1.1%
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 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €152,324
Fixed assets
€140,864 ▼ 11.3%
Current assets
€11,459 ▼ 29.6%
Equity and liabilities €152,324
Equity
€46,898 ▲ 6.1%
Debt
€105,426 ▼ 19.4%
Debt's share of the balance-sheet total falls from 74.8% to 69.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,220▼
2023 · €34,598
Cash flow
€22,818▼
2023 · €26,232
Current ratio
0.32▼
2023 · 0.39
Debt to equity
2.25▼
2023 · 2.96
ROE
5.8%▼
2023 · 14.6%
ROA
1.8%▼
2023 · 3.7%
Interest coverage
7.80▼
2023 · 8.89
Debt ≤ 1 year
€36,163▼
2023 · €41,271
Debt > 1 year
€69,263▼
2023 · €89,589
Income taxes
€2,657▼
2023 · €4,473
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,341 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 10,905 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €55,260 | €70,805 | €98,304 | €96,212 | €101,918 | ▲ 5.9% |
| Non-recurring operating income76A | - | €5,560 | - | €3,985 | €2,550 | ▼ 36.0% |
| Goods, raw materials, services and sundry goods60/61 | - | €56,600 | €67,246 | €67,207 | €75,898 | ▲ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,447 | €11,570 | €16,292 | €19,760 | €20,119 | ▲ 1.8% |
| Other operating charges640/8 | - | €519 | €1,506 | €500 | €1,323 | ▲ 165% |
| Gross operating margin9900 | €15,956 | €19,766 | €31,058 | €35,098 | €30,543 | ▼ 13.0% |
| Operating profit (loss)9901 | €4,723 | €7,677 | €13,260 | €14,838 | €9,101 | ▼ 38.7% |
| Recurring financial income75 | €1,302 | - | - | - | - | - |
| Financial charges65/66B | - | €166 | €3,204 | €3,893 | €3,744 | ▼ 3.8% |
| Recurring financial charges65 | €1,930 | €166 | €3,204 | €3,893 | €3,744 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €4,095 | €7,511 | €10,055 | €10,945 | €5,357 | ▼ 51.1% |
| Income taxes67/77 | €3,829 | €2,450 | €1,808 | €4,473 | €2,657 | ▼ 40.6% |
| Profit (loss) for the period9904 | €266 | €5,060 | €8,247 | €6,472 | €2,700 | ▼ 58.3% |
| Profit (loss) for the period to be appropriated9905 | €266 | €5,060 | €8,247 | €6,472 | €2,700 | ▼ 58.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119,959 | €130,491 | €184,675 | €175,058 | €152,324 | ▼ 13.0% |
| Fixed assets21/28 | €114,254 | €125,115 | €177,085 | €158,774 | €140,864 | ▼ 11.3% |
| Tangible fixed assets22/27 | €114,254 | €125,115 | €177,085 | €158,774 | €140,864 | ▼ 11.3% |
| Land and buildings22 | - | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Plant, machinery and equipment23 | - | €92,082 | €84,499 | €76,955 | €67,603 | ▼ 12.2% |
| Furniture and vehicles24 | - | €3,283 | €67,915 | €62,228 | €58,751 | ▼ 5.6% |
| Leasing and similar rights25 | - | €20,751 | €15,671 | €10,591 | €5,511 | ▼ 48.0% |
| Current assets29/58 | €5,705 | €5,376 | €7,591 | €16,284 | €11,459 | ▼ 29.6% |
| Amounts receivable within one year40/41 | €5,210 | - | €4,537 | €6,827 | €2,050 | ▼ 70.0% |
| Trade receivables40 | - | - | - | €2,290 | €2,050 | ▼ 10.5% |
| Other amounts receivable41 | - | - | €4,537 | €4,537 | - | - |
| Cash at bank and in hand54/58 | €495 | €5,376 | €3,053 | €9,457 | €9,409 | ▼ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119,959 | €130,491 | €184,675 | €175,058 | €152,324 | ▼ 13.0% |
| Equity10/15 | €24,419 | €29,479 | €37,726 | €44,198 | €46,898 | ▲ 6.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,819 | €5,819 | €11,819 | €16,819 | €19,319 | ▲ 14.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €3,959 | €9,959 | €14,959 | €17,459 | ▲ 16.7% |
| Profit (loss) carried forward14 | -€1,386 | €5,060 | €7,308 | €8,779 | €8,979 | ▲ 2.3% |
| Amounts payable17/49 | €95,540 | €101,012 | €146,949 | €130,860 | €105,426 | ▼ 19.4% |
| Amounts payable after more than one year17 | €69,423 | €72,304 | €110,579 | €89,589 | €69,263 | ▼ 22.7% |
| Financial debts170/4 | - | €72,304 | €110,579 | €89,589 | €69,263 | ▼ 22.7% |
| Amounts payable within one year42/48 | €26,117 | €28,708 | €36,370 | €41,271 | €36,163 | ▼ 12.4% |
| Current portion of amounts payable after more than one year42 | - | €11,697 | €23,171 | €21,674 | €22,076 | ▲ 1.9% |
| Financial debts43 | - | €926 | €119 | €289 | €252 | ▼ 12.7% |
| Credit institutions430/8 | - | €926 | €119 | €289 | €252 | ▼ 12.7% |
| Trade debts44 | - | €950 | - | - | €146 | - |
| Suppliers440/4 | - | €950 | - | - | €146 | - |
| Taxes, remuneration and social security45 | - | €1,950 | €1,950 | €1,777 | €3,237 | ▲ 82.1% |
| Taxes450/3 | - | €1,950 | €1,950 | €1,777 | €1,371 | ▼ 22.8% |
| Remuneration and social security454/9 | - | - | - | - | €1,865 | - |
| Other amounts payable47/48 | - | €13,185 | €11,130 | €17,531 | €10,451 | ▼ 40.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €266 | €5,060 | €8,247 | €6,472 | €2,700 | ▼ 58.3% |
| + Depreciation and write-downs630 | €10,447 | €11,570 | €16,292 | €19,760 | €20,119 | ▲ 1.8% |
| Operating cash flow (approximation) | €10,713 | €16,631 | €24,540 | €26,232 | €22,818 | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | -€22,432 | -€68,261 | -€1,449 | -€2,209 | ▼ 52.5% |
| Change in cash | - | €4,881 | -€2,322 | €6,404 | -€48 | ▼ 101% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2022
31-12
Financial
Highest result since 2018net €8,247 ▲63%
Net result €8,247, the highest in the series.
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €5,078
Net result €5,078 after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beauvechain · 1 establishment unit since 2016
Ground area
636 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
KINEAS
since 20162.250.524.120
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25053B0036/00X000 | Wallonia | 545 m² | - | - |
| 25053B0036/00R000 | Wallonia | 91 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company
Founded23-02-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0648899415
Also
9925:BE0648899415
Registered
28-04-2025
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.