Kinefocus
ActiveKinefocus has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €25k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 16527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-3
Solvency50▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.99 in 2024; short-term debt: 23.9% and cash: 33.2% of total assets), and 74.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
25.3%
Return on assets
13.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 16527 sector peers (2025).
NBB · sector comparisonPosition among 16527 sector peers
Solvency
better than 23%
← weakest
strongest →
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
61 d early
2023
58 d early
2022
28 d early
2021
62 d early
2020
52 d early
2019
35 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▼ 9.1%
2024 · €52k
2018: €21k
2019: €21k
2020: €29k
2021: €30k
2022: €19k
2023: €43k
2024: €52k
2018 → 2025
Total assets
€187k▲ 23.4%
2024 · €152k
2018: €40k
2019: €34k
2020: €36k
2021: €37k
2022: €102k
2023: €120k
2024: €152k
2018 → 2025
Net result
€25k▲ 1.8%
2024 · €25k
2018: €3k
2019: €85
2020: €9k
2021: €10k
2022: €24k
2023: €24k
2024: €25k
2018 → 2025
Working capital
€19k▼ 59.0%
2024 · €46k
2018: €18k
2019: €18k
2020: €28k
2021: €30k
2022: €14k
2023: €43k
2024: €46k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€19k▼ 35.4%€43k▲ 119%€52k▲ 22.5%€47k▼ 9.1%
Operating result€14k-€30k▲ 114%€35k▲ 16.4%€35k▲ 1.2%€36k▲ 3.4%
Net result€10k-€24k▲ 147%€24k▼ 0.3%€25k▲ 3.7%€25k▲ 1.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187k
Fixed assets
€124k▲ 49.1%
Current assets
€64k▼ 7.6%
Equity and liabilities €187k
Equity
€47k▼ 9.1%
Debt
€140k▲ 40.4%
The debt ratio rises from 65.7% to 74.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €38k
Cash flow
€30k▲
2024 · €28k
Solvency
25.3%▼
2024 · 34.3%
Current ratio
1.42▼
2024 · 2.99
Quick ratio
1.42▼
2024 · 2.99
Debt / equity
2.96▲
2024 · 1.92
ROE
53.4%▲
2024 · 47.7%
ROA
13.5%▼
2024 · 16.4%
Interest coverage
10.01▼
2024 · 13.27
Debt
€140k▲
2024 · €100k
Debt ≤ 1 year
€45k▲
2024 · €23k
Debt > 1 year
€95k▲
2024 · €75k
Income taxes
€7k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€152k€187k▲
Fixed assets21/28€83k€124k▲
Tangible fixed assets22/27€83k€124k▲
Land and buildings22€78k€94k▲
Plant, machinery and equipment23-€14k
Furniture and vehicles24€5k€16k▲
Current assets29/58€69k€64k▼
Amounts receivable within one year40/41€706€1k▲
Trade receivables40-€678
Other amounts receivable41€706€731▲
Cash at bank and in hand54/58€65k€62k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€152k€187k▲
Equity10/15€52k€47k▼
Contributions10/11€19k€19k=
Reserves13€33k€29k▼
Distributable reserves133€33k€29k▼
Amounts payable17/49€100k€140k▲
Amounts payable after more than one year17€75k€95k▲
Financial debts170/4€75k€95k▲
Amounts payable within one year42/48€23k€45k▲
Current portion of amounts payable after more than one year42€3k€10k▲
Trade debts44€397€276▼
Suppliers440/4€397€276▼
Taxes, remuneration and social security45€1k€71▼
Taxes450/3€78€71▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€19k€34k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€39k€43k▲
Operating profit (loss)9901€35k€36k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€32k€32k▼
Income taxes67/77€7k€7k▼
Profit (loss) for the period9904€25k€25k▲
Profit (loss) for the period to be appropriated9905€25k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€25k▲
Transfer from equity791/2-€5k
Transfer to equity691/2€10k-
To other reserves6921€10k-
Profit to be distributed694/7€15k€30k▲
Return on contributions (dividend)694€15k€30k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €25k ▲1.8%
Operating result €36k, net result €25k, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.80
Current ratio from 1.41 to 4.80; short-term debt falls from €35k to €11k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 5.51
Current ratio from 2.42 to 5.51; short-term debt falls from €12k to €6k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €85 ▼97.4%
Net result drops to €85, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Heist-op-den-Berg · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Langveldstraat 232220 Heist-op-den-BergGround area
1,992 m²
Building footprint
191 m²
Volume, LiDAR
999 m³
Parcel 12014K1074/00A000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kinefocus
since 20152.249.102.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K1074/00A000 | Flanders | 1,992 m² | 1 · 191 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,758 EUR awarded · 1,758 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,005 EUR | 1,005 EUR |
| 2024 | 1 | 240 EUR | 240 EUR |
| 2023 | 1 | 384 EUR | 384 EUR |
| 2022 | 1 | 129 EUR | 129 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,690 companies in sector 86951 we hold annual accounts for 2,142. 1,953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2015
Fiscal year end31-12
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:Info@kinefocus.be