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KINECORE

Active
Private limited companyfounded 20242 yrs activeVoie du Thier(FEN) 23, 4607 Dalhem, BelgiumKBO/BCE: BE 1009.196.215
Summary

The computed 12-month bankruptcy probability of KINECORE is 2.9% (moderate). The 2025 annual accounts show equity of €40,443 and a net result of €23,783. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency79▲+21
Growth78
Track record82
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.1 against 0.96 in 2024; short-term debt: 46.4% and cash: 78.6% of total assets), and 46.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
53.6%
Return on assets
31.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
21 d early
2024
47 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 13 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.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 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 8 May 2024, KINECORE was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2025, abbreviated schema

Equity
€40,443▲ 143%
2024 · €16,659
Total assets
€75,505▲ 47.5%
2024 · €51,196
Net result
€23,783▲ 62.2%
2024 · €14,659
Working capital
€38,491
2024 · -€1,515
Trend over the years
In euros
In euros
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
Line20242025
Operating result€16,689-€20,744▲ 24.3%
Net result€14,659-€23,783▲ 62.2%
Equity€16,659-€40,443▲ 143%
Total assets€51,196-€75,505▲ 47.5%
Debt€34,537-€35,062▲ 1.5%
Working capital-€1,515-€38,491
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2024: €16,689€16,689Net result 2024: €14,659€14,659Operating result 2025: €20,744€20,744Net result 2025: €23,783€23,78320242025€0€10,000€20,000Operating result 2024: €16,689€16,700Net result 2024: €14,659€14,700Operating result 2025: €20,744€20,700Net result 2025: €23,783€23,80020242025
The operating result rises in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,505
Fixed assets €1,951 ▼ 89.3%
Current assets €73,554 ▲ 123%
Equity and liabilities €75,505
Equity €40,443 ▲ 143%
Debt €35,062 ▲ 1.5%
Debt's share of the balance-sheet total falls from 67.5% to 46.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€21,269▲
2024 · €21,181
Cash flow
€24,309▲
2024 · €19,151
Current ratio
2.10▲
2024 · 0.96
Debt to equity
0.87▼
2024 · 2.07
ROE
58.8%▼
2024 · 88.0%
ROA
31.5%▲
2024 · 28.6%
Interest coverage
133.68▼
2024 · 690.15
Debt ≤ 1 year
€35,062▲
2024 · €34,537
Income taxes
-€3,199▼
2024 · €2,000
Staff costs
€569▼
2024 · €674
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% 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: 2.9% 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 39,278 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 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€51,196€75,505▲
Fixed assets21/28€18,175€1,951▼
Tangible fixed assets22/27€17,475€1,251▼
Plant, machinery and equipment23€1,475€983▼
Furniture and vehicles24€16,000€268▼
Financial fixed assets28€700€700=
Current assets29/58€33,021€73,554▲
Amounts receivable within one year40/41€5,000€14,048▲
Other amounts receivable41€5,000€14,048▲
Cash at bank and in hand54/58€28,021€59,312▲
Deferred charges and accrued income490/1-€194
Equity and liabilities
Total equity and liabilities10/49€51,196€75,505▲
Equity10/15€16,659€40,443▲
Contributions10/11€2,000€2,000=
Capital10€2,000€2,000=
Issued capital100€2,000€2,000=
Reserves13€14,659€38,443▲
Distributable reserves133€14,659€38,443▲
Amounts payable17/49€34,537€35,062▲
Amounts payable within one year42/48€34,537€35,062▲
Taxes, remuneration and social security45€341-
Taxes450/3€341-
Other amounts payable47/48€34,196€35,062▲
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€28,235-
Remuneration, social security and pensions62€674€569▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,492€525▼
Other operating charges640/8-€961
Non-recurring operating charges66A-€2,000
Gross operating margin9900€21,855€24,799▲
Operating profit (loss)9901€16,689€20,744▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€31€159▲
Recurring financial charges65€31€159▲
Profit (loss) for the period before taxes9903€16,659€20,584▲
Income taxes67/77€2,000-€3,199▼
Profit (loss) for the period9904€14,659€23,783▲
Profit (loss) for the period to be appropriated9905€14,659€23,783▲
Appropriation of the result
Profit (loss) to be appropriated9906€14,659€23,783▲
Transfer to equity691/2€14,659€23,783▲
To the legal reserve6920€14,659€23,783▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Goods, raw materials, services and sundry goods60/61€28,235--
Remuneration, social security and pensions62€674€569▼ 15.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,492€525▼ 88.3%
Other operating charges640/8-€961-
Non-recurring operating charges66A-€2,000-
Gross operating margin9900€21,855€24,799▲ 13.5%
Operating profit (loss)9901€16,689€20,744▲ 24.3%
Financial income75/76B€1--
Recurring financial income75€1--
Financial charges65/66B€31€159▲ 418%
Recurring financial charges65€31€159▲ 418%
Profit (loss) for the period before taxes9903€16,659€20,584▲ 23.6%
Income taxes67/77€2,000-€3,199▼ 260%
Profit (loss) for the period9904€14,659€23,783▲ 62.2%
Profit (loss) for the period to be appropriated9905€14,659€23,783▲ 62.2%
Line20242025Change
Assets
Total assets20/58€51,196€75,505▲ 47.5%
Fixed assets21/28€18,175€1,951▼ 89.3%
Tangible fixed assets22/27€17,475€1,251▼ 92.8%
Plant, machinery and equipment23€1,475€983▼ 33.3%
Furniture and vehicles24€16,000€268▼ 98.3%
Financial fixed assets28€700€700=
Current assets29/58€33,021€73,554▲ 123%
Amounts receivable within one year40/41€5,000€14,048▲ 181%
Other amounts receivable41€5,000€14,048▲ 181%
Cash at bank and in hand54/58€28,021€59,312▲ 112%
Deferred charges and accrued income490/1-€194-
Equity and liabilities
Total equity and liabilities10/49€51,196€75,505▲ 47.5%
Equity10/15€16,659€40,443▲ 143%
Contributions10/11€2,000€2,000=
Capital10€2,000€2,000=
Issued capital100€2,000€2,000=
Reserves13€14,659€38,443▲ 162%
Distributable reserves133€14,659€38,443▲ 162%
Amounts payable17/49€34,537€35,062▲ 1.5%
Amounts payable within one year42/48€34,537€35,062▲ 1.5%
Taxes, remuneration and social security45€341--
Taxes450/3€341--
Other amounts payable47/48€34,196€35,062▲ 2.5%
Line20242025Change
Profit (loss) for the period9904€14,659€23,783▲ 62.2%
+ Depreciation and write-downs630€4,492€525▼ 88.3%
Operating cash flow (approximation)€19,151€24,309▲ 26.9%
Investment in fixed assets (approximation)-€15,698-
Change in cash-€31,291-

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 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Liquidity doublescurrent ratio 2.10
Current ratio from 0.96 to 2.10.
16-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 47 days late
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dalhem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,164 m²
Building footprint
185 m²
Volume, LiDAR
1,312 m³
Parcel 62034A0100/00B000, Wallonia · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KINECORE
Voie du Thier(FEN) 23, 4607 DalhemHuman health activities
since 20242.365.405.178
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62034A0100/00B000 Wallonia 1,164 m² 1 · 185 m² 9.8 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.

Company details

Identification
Legal formPrivate limited company
Founded08-05-2024
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:1009196215
Also 9925:BE1009196215
Registered 19-11-2025

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.