KINEplus
ActiveSummary
KINEplus has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,595 and a net result of €19,145. Equity is growing by ~16.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-3
Solvency50▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.36 in 2024; short-term debt: 24.9% and cash: 2.9% of total assets), and 75.2% 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
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
24.8%
Return on assets
2.7%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
12 d early
2022
60 d late
2021
30 d late
2020
30 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 29 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€174,595▲ 12.3%
2024 · €155,449
Total assets
€704,783▲ 18.4%
2024 · €595,199
Net result
€19,145▼ 34.7%
2024 · €29,319
Working capital
-€118,773▼ 18.2%
2024 · -€100,465
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
Line20212022202320242025
Operating result€33,735▼ 46.7%€18,853▼ 44.1%€23,154▲ 22.8%€51,596▲ 123%€36,777▼ 28.7%
Net result€20,671▼ 60.2%€12,078▼ 41.6%€10,704▼ 11.4%€29,319▲ 174%€19,145▼ 34.7%
Equity€103,349▲ 25.0%€115,427▲ 11.7%€126,131▲ 9.3%€155,449▲ 23.2%€174,595▲ 12.3%
Total assets€320,657▲ 8.1%€381,910▲ 19.1%€362,070▼ 5.2%€595,199▲ 64.4%€704,783▲ 18.4%
Debt€217,308▲ 1.6%€266,483▲ 22.6%€235,940▼ 11.5%€439,750▲ 86.4%€530,188▲ 20.6%
Working capital€41,767▲ 12.5%-€384-€21,461▼ 5,486%-€100,465▼ 368%-€118,773▼ 18.2%
Staff (FTE)0.3▲ 50.0%0.5▲ 66.7%0.70.6▼ 14.3%
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 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704,783
Fixed assets
€647,855 ▲ 20.4%
Current assets
€56,928 ▼ 0.4%
Equity and liabilities €704,783
Equity
€174,595 ▲ 12.3%
Debt
€530,188 ▲ 20.6%
Debt's share of the balance-sheet total rises from 73.9% to 75.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76,748▼
2024 · €89,698
Cash flow
€59,116▼
2024 · €67,420
Current ratio
0.32▼
2024 · 0.36
Debt to equity
3.04▲
2024 · 2.83
ROE
11.0%▼
2024 · 18.9%
ROA
2.7%▼
2024 · 4.9%
Interest coverage
7.25▼
2024 · 11.96
Debt ≤ 1 year
€175,701▲
2024 · €157,632
Debt > 1 year
€354,487▲
2024 · €282,117
Income taxes
€7,039▼
2024 · €14,775
Staff costs
€18,772▲
2024 · €11,167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,504 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,597 | €15,250 | - | €11,167 | €18,772 | ▲ 68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,005 | €23,103 | €31,545 | €38,102 | €39,971 | ▲ 4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €22,309 | - | - | - | - |
| Other operating charges640/8 | €2,159 | €1,643 | - | €3,489 | €4,626 | ▲ 32.6% |
| Gross operating margin9900 | €65,495 | €81,158 | €54,699 | €104,354 | €100,146 | ▼ 4.0% |
| Operating profit (loss)9901 | €33,735 | €18,853 | €23,154 | €51,596 | €36,777 | ▼ 28.7% |
| Financial income75/76B | €1,176 | €1,065 | €452 | €0 | - | - |
| Recurring financial income75 | €1,176 | €1,065 | €452 | €0 | - | - |
| Financial charges65/66B | €2,226 | €3,622 | €5,612 | €7,503 | €10,593 | ▲ 41.2% |
| Recurring financial charges65 | €2,226 | €3,622 | €5,612 | €7,503 | €10,593 | ▲ 41.2% |
| Profit (loss) for the period before taxes9903 | €32,684 | €16,296 | €17,993 | €44,094 | €26,184 | ▼ 40.6% |
| Income taxes67/77 | €12,013 | €4,218 | €7,290 | €14,775 | €7,039 | ▼ 52.4% |
| Profit (loss) for the period9904 | €20,671 | €12,078 | €10,704 | €29,319 | €19,145 | ▼ 34.7% |
| Profit (loss) for the period to be appropriated9905 | €20,671 | €12,078 | €10,704 | €29,319 | €19,145 | ▼ 34.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320,657 | €381,910 | €362,070 | €595,199 | €704,783 | ▲ 18.4% |
| Fixed assets21/28 | €236,113 | €331,430 | €335,318 | €538,032 | €647,855 | ▲ 20.4% |
| Intangible fixed assets21 | - | €1,144 | €272 | - | - | - |
| Tangible fixed assets22/27 | €233,113 | €327,286 | €335,046 | €538,032 | €529,276 | ▼ 1.6% |
| Land and buildings22 | €197,636 | €291,633 | €279,581 | €495,095 | €473,258 | ▼ 4.4% |
| Plant, machinery and equipment23 | €21,145 | €13,219 | €9,066 | €7,508 | €32,756 | ▲ 336% |
| Furniture and vehicles24 | €906 | - | - | - | - | - |
| Other tangible fixed assets26 | €13,425 | €22,433 | €46,398 | €35,430 | €23,261 | ▼ 34.3% |
| Financial fixed assets28 | €3,000 | €3,000 | - | - | €118,580 | - |
| Current assets29/58 | €84,544 | €50,481 | €26,753 | €57,167 | €56,928 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €45,946 | €25,235 | €23,577 | €35,239 | €36,828 | ▲ 4.5% |
| Trade receivables40 | €27,728 | €12,566 | €19,163 | €35,239 | €36,828 | ▲ 4.5% |
| Other amounts receivable41 | €18,218 | €12,669 | €4,414 | - | - | - |
| Cash at bank and in hand54/58 | €38,599 | €25,246 | €3,175 | €21,928 | €20,100 | ▼ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320,657 | €381,910 | €362,070 | €595,199 | €704,783 | ▲ 18.4% |
| Equity10/15 | €103,349 | €115,427 | €126,131 | €155,449 | €174,595 | ▲ 12.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Other1319 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €89,089 | €101,167 | €111,871 | €141,189 | €160,335 | ▲ 13.6% |
| Amounts payable17/49 | €217,308 | €266,483 | €235,940 | €439,750 | €530,188 | ▲ 20.6% |
| Amounts payable after more than one year17 | €174,531 | €215,618 | €187,726 | €282,117 | €354,487 | ▲ 25.7% |
| Financial debts170/4 | €174,531 | €215,618 | €187,726 | €282,117 | €354,487 | ▲ 25.7% |
| Amounts payable within one year42/48 | €42,777 | €50,865 | €48,214 | €157,632 | €175,701 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | €14,863 | €28,633 | €29,183 | €36,301 | €46,680 | ▲ 28.6% |
| Trade debts44 | €18,142 | €16,957 | €10,800 | €19,059 | €46,530 | ▲ 144% |
| Suppliers440/4 | €18,142 | €16,957 | €10,800 | €19,059 | €46,530 | ▲ 144% |
| Advances received on contracts in progress46 | €600 | €600 | €600 | €800 | €800 | = |
| Taxes, remuneration and social security45 | €9,172 | €4,675 | €7,630 | €14,913 | €7,039 | ▼ 52.8% |
| Taxes450/3 | €7,690 | €4,218 | €7,173 | €14,775 | €7,039 | ▼ 52.4% |
| Remuneration and social security454/9 | €1,482 | €457 | €457 | €138 | - | - |
| Other amounts payable47/48 | - | - | - | €86,560 | €74,653 | ▼ 13.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,671 | €12,078 | €10,704 | €29,319 | €19,145 | ▼ 34.7% |
| + Depreciation and write-downs630 | €20,005 | €23,103 | €31,545 | €38,102 | €39,971 | ▲ 4.9% |
| Operating cash flow (approximation) | €40,676 | €35,181 | €42,249 | €67,420 | €59,116 | ▼ 12.3% |
| Investment in fixed assets (approximation) | - | -€118,420 | -€35,433 | -€240,816 | -€149,793 | ▲ 37.8% |
| Change in cash | - | -€13,352 | -€22,071 | €18,752 | -€1,828 | ▼ 110% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €150,000Eq €155,449 ▲23.2%
5 profitable years in a row build equity to €155,449.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100,000Eq €103,349 ▲25%
2 profitable years in a row build equity to €103,349.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €51,888
Net result €51,888 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.44
Current ratio from 1.17 to 2.44; short-term debt falls from €54,777 to €25,825.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Weakest financial yearnet -€26,197
Net result drops to -€26,197, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 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
4 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, Arlon · 1 establishment unit since 2013
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.
Weyler,r de la Bataille d'Arlon 46700 Arlon1 establishment unit
KINEplus sprl
since 20132.224.216.829
Identification & contact
Identification
Legal formPrivate limited company
Founded24-10-2013
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541412329
Also
9925:BE0541412329
Registered
24-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.