KINEFORM
ActiveSummary
KINEFORM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 82% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency100▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.51 against 1.26 in 2024; short-term debt: 19.3% and cash: 39.1% of total assets), and 19.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-10-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
21 d early
2023
4 d early
2022
1 d late
2021
2 d late
2020
12 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 32.7%
2024 · €31k
2019: €9k
2020: €3k▼ -66.3% vs 2019
2021: €-6k▼ -285% vs 2020lowest in 7 years
2022: €-5k▲ +17.3% vs 2021
2023: €-2k▲ +55.4% vs 2022
2024: €31k▲ +1543% vs 2023
2025: €42k▲ +32.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€52k▼ 2.2%
2024 · €53k
2019: €34k
2020: €29k▼ -15.0% vs 2019
2021: €13k▼ -56.0% vs 2020
2022: €11k▼ -11.4% vs 2021lowest in 7 years
2023: €19k▲ +66.0% vs 2022
2024: €53k▲ +183% vs 2023highest in 7 years
2025: €52k▼ -2.2% vs 2024
2019 → 2025
Net result
€10k▼ 69.4%
2024 · €34k
2019: €-16klowest in 7 years
2020: €-6k▲ +59.5% vs 2019
2021: €-9k▼ -44.6% vs 2020
2022: €1k▲ +111% vs 2021
2023: €3k▲ +164% vs 2022
2024: €34k▲ +1141% vs 2023highest in 7 years
2025: €10k▼ -69.4% vs 2024
2019 → 2025
Working capital
€15k▲ 199%
2024 · €5k
2019: €-3k
2020: €-3k▼ -8.7% vs 2019
2021: €-9k▼ -173% vs 2020lowest in 7 years
2022: €-7k▲ +21.6% vs 2021
2023: €-6k▲ +18.8% vs 2022
2024: €5k▲ +184% vs 2023
2025: €15k▲ +199% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€-5k▲ 17.3%€-2k▲ 55.4%€31k€42k▲ 32.7%
2021: €-6klowest in 5 years
2022: €-5k▲ +17.3% vs 2021
2023: €-2k▲ +55.4% vs 2022
2024: €31k▲ +1543% vs 2023
2025: €42k▲ +32.7% vs 2024highest in 5 years
Operating result€-8k-€2k€2k▼ 22.4%€42k▲ 2,128%€19k▼ 54.6%
2021: €-8klowest in 5 years
2022: €2k▲ +129% vs 2021
2023: €2k▼ -22.4% vs 2022
2024: €42k▲ +2128% vs 2023highest in 5 years
2025: €19k▼ -54.6% vs 2024
Net result€-9k-€1k€3k▲ 164%€34k▲ 1,141%€10k▼ 69.4%
2021: €-9klowest in 5 years
2022: €1k▲ +111% vs 2021
2023: €3k▲ +164% vs 2022
2024: €34k▲ +1141% vs 2023highest in 5 years
2025: €10k▼ -69.4% vs 2024
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 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52k
Fixed assets
€27k ▼ 5.2%
Current assets
€25k ▲ 1.2%
Equity and liabilities €52k
Equity
€42k ▲ 32.7%
Debt
€10k ▼ 53.5%
Debt's share of the balance-sheet total falls from 40.5% to 19.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▼
2024 · €47k
Cash flow
€19k▼
2024 · €39k
Current ratio
2.51▲
2024 · 1.26
Debt to equity
0.24▼
2024 · 0.68
ROE
24.6%▼
2024 · 106.9%
ROA
19.9%▼
2024 · 63.6%
Interest coverage
11.71▼
2024 · 43.26
Debt ≤ 1 year
€10k▼
2024 · €20k
Income taxes
€7k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€53k€52k▼
Fixed assets21/28€28k€27k▼
Tangible fixed assets22/27€28k€27k▼
Land and buildings22€279-
Plant, machinery and equipment23-€5k
Furniture and vehicles24€28k€22k▼
Current assets29/58€25k€25k▲
Amounts receivable within one year40/41-€950
Trade receivables40-€950
Cash at bank and in hand54/58€24k€20k▼
Deferred charges and accrued income490/1€753€4k▲
Equity and liabilities
Total equity and liabilities10/49€53k€52k▼
Equity10/15€31k€42k▲
Contributions10/11€20k€20k=
Reserves13€11k€21k▲
Distributable reserves133€11k€21k▲
Amounts payable17/49€21k€10k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€20k€10k▼
Current portion of amounts payable after more than one year42€2k€2k▼
Trade debts44€481€736▲
Suppliers440/4€481€736▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€9k€846▼
Income statement
Code20242025
Non-recurring operating income76A€16k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€459€477▲
Gross operating margin9900€48k€28k▼
Operating profit (loss)9901€42k€19k▼
Financial income75/76B-€104
Recurring financial income75-€104
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€41k€17k▼
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€34k€10k▼
Profit (loss) for the period to be appropriated9905€34k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€10k▼
Profit (loss) brought forward from the previous period14P€-23k-
Transfer from equity791/2€2k-
Transfer to equity691/2€13k€10k▼
To contributions691€2k-
To other reserves6921€11k€10k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €2k | €2k | €5k | €9k | ▲ 71.5% |
| Other operating charges640/8 | - | €492 | €495 | €459 | €477 | ▲ 3.9% |
| Gross operating margin9900 | €2k | €5k | €5k | €48k | €28k | ▼ 40.5% |
| Operating profit (loss)9901 | €-8k | €2k | €2k | €42k | €19k | ▼ 54.6% |
| Financial income75/76B | - | - | - | - | €104 | - |
| Recurring financial income75 | €1 | - | - | - | €104 | - |
| Financial charges65/66B | - | €215 | €235 | €1k | €2k | ▲ 118% |
| Recurring financial charges65 | €325 | €215 | €235 | €1k | €2k | ▲ 118% |
| Profit (loss) for the period before taxes9903 | €-9k | €2k | €2k | €41k | €17k | ▼ 58.9% |
| Income taxes67/77 | €465 | €1k | €-1k | €8k | €7k | ▼ 12.3% |
| Profit (loss) for the period9904 | €-9k | €1k | €3k | €34k | €10k | ▼ 69.4% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €1k | €3k | €34k | €10k | ▼ 69.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13k | €11k | €19k | €53k | €52k | ▼ 2.2% |
| Fixed assets21/28 | €4k | €3k | €8k | €28k | €27k | ▼ 5.2% |
| Tangible fixed assets22/27 | €4k | €3k | €8k | €28k | €27k | ▼ 5.2% |
| Land and buildings22 | - | €836 | €558 | €279 | - | - |
| Plant, machinery and equipment23 | - | €1k | - | - | €5k | - |
| Furniture and vehicles24 | - | €353 | €8k | €28k | €22k | ▼ 22.2% |
| Current assets29/58 | €8k | €9k | €11k | €25k | €25k | ▲ 1.2% |
| Amounts receivable within one year40/41 | - | - | - | - | €950 | - |
| Trade receivables40 | - | - | - | - | €950 | - |
| Cash at bank and in hand54/58 | €6k | €7k | €10k | €24k | €20k | ▼ 15.7% |
| Deferred charges and accrued income490/1 | - | €2k | €735 | €753 | €4k | ▲ 411% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13k | €11k | €19k | €53k | €52k | ▼ 2.2% |
| Equity10/15 | €-6k | €-5k | €-2k | €31k | €42k | ▲ 32.7% |
| Contributions10/11 | - | €19k | €19k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €11k | €21k | ▲ 94.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €11k | €21k | ▲ 94.1% |
| Profit (loss) carried forward14 | €-26k | €-25k | €-23k | - | - | - |
| Amounts payable17/49 | €19k | €16k | €21k | €21k | €10k | ▼ 53.5% |
| Amounts payable after more than one year17 | €889 | - | €4k | €2k | - | - |
| Financial debts170/4 | - | - | €4k | €2k | - | - |
| Amounts payable within one year42/48 | €18k | €16k | €17k | €20k | €10k | ▼ 49.3% |
| Current portion of amounts payable after more than one year42 | - | €889 | €2k | €2k | €2k | ▼ 20.9% |
| Trade debts44 | €1k | €2k | €2k | €481 | €736 | ▲ 53.1% |
| Suppliers440/4 | - | €2k | €2k | €481 | €736 | ▲ 53.1% |
| Taxes, remuneration and social security45 | - | €1k | €424 | €8k | €7k | ▼ 12.3% |
| Taxes450/3 | - | €1k | €424 | €8k | €7k | ▼ 12.3% |
| Other amounts payable47/48 | - | €12k | €12k | €9k | €846 | ▼ 91.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €1k | €3k | €34k | €10k | ▼ 69.4% |
| + Depreciation and write-downs630 | €10k | €2k | €2k | €5k | €9k | ▲ 71.5% |
| Operating cash flow (approximation) | €1k | €3k | €5k | €39k | €19k | ▼ 50.7% |
| Investment in fixed assets (approximation) | - | €0 | €-8k | €-25k | €-7k | ▲ 70.8% |
| Change in cash | - | €776 | €3k | €14k | €-4k | ▼ 126% |
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €34k ▲1,141%
Operating result €42k, net result €34k, both a record.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
31-03
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Frameries · 1 establishment unit since 2008
Ground area
2,096 m²
Building footprint
337 m²
Volume, LiDAR
859 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Rue Florent Laurent 2C, 7080 Frameries
since 20082.173.598.566
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53045C0997/00E000 | Wallonia | 1,134 m² | 1 · 174 m² | - |
| 53045C0998/00Z000 | Wallonia | 962 m² | 1 · 163 m² | 7.8 m · 2 fl. |
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.
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Of 13,496 companies in sector 85510 we hold annual accounts for 720. 597 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2008
Fiscal year end31-03
Activities, NACEBEL 2025
85510Sports and recreation education
Scores and ratios are computed by Checked and are not a credit decision.