Kinepract

Active

Private limited companyfounded 20214 yrs activeGestelsesteenweg 60, 2450 Meerhout, BelgiumKBO/BCE: BE 0777.506.567

Kinepract has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 16377 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

40 / 100

Weak▼ -53 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency2▼-98

Growth58▼-20

Stability94

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.55 against 2.81 in 2024), and 98.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

1.2%

Return on assets

23.6%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 16377 sector peers (2025).

NBB · sector comparison

Position among 16377 sector peers

Solvency

better than 6%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-07-2026, 6 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

6 d early

2024

6 d early

2023

6 d early

2022

12 d early

2021

20 d early

← before the deadline after the deadline →

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

12-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€2k▼ 98.2%

2024 · €114k

2021: €21k 2022: €49k 2023: €100k 2024: €114k

2021 → 2025

Total assets

€161k▼ 0.6%

2024 · €162k

2021: €27k 2022: €78k 2023: €124k 2024: €162k

2021 → 2025

Net result

€38k▼ 13.9%

2024 · €44k

2021: €19k 2022: €28k 2023: €51k 2024: €44k

2021 → 2025

Working capital

€-71k

2024 · €87k

2021: €16k 2022: €42k 2023: €101k 2024: €87k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€21k-€49k▲ 137%€100k▲ 104%€114k▲ 14.2%€2k▼ 98.2%

Operating result€23k-€37k▲ 59.5%€65k▲ 74.3%€55k▼ 15.9%€48k▼ 11.6%

Net result€19k-€28k▲ 51.4%€51k▲ 79.6%€44k▼ 13.0%€38k▼ 13.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 12% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €161k

45.5%

54.5%

Fixed assets €73k▲ 178%

Current assets €88k▼ 35.3%

Equity and liabilities €161k

98.8%

Equity €2k▼ 98.2%

Debt €159k▲ 230%

The debt ratio rises from 29.8% to 98.8%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€56k▼

2024 · €58k

Cash flow

€45k▼

2024 · €47k

Solvency

1.2%▼

2024 · 70.2%

Current ratio

0.55▼

2024 · 2.81

Quick ratio

0.55▼

2024 · 2.81

Debt / equity

79.49▲

2024 · 0.42

ROA

23.6%▼

2024 · 27.2%

Interest coverage

271.29▼

2024 · 440.70

Debt

€159k▲

2024 · €48k

Debt ≤ 1 year

€159k▲

2024 · €48k

Income taxes

€10k▼

2024 · €11k

A ratio outside any meaningful range has been withheld (balance sheet total €161k, equity €2k).

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€162k€161k▼

Fixed assets21/28€26k€73k▲

Tangible fixed assets22/27€26k€73k▲

Land and buildings22€26k€49k▲

Plant, machinery and equipment23-€18k

Furniture and vehicles24-€7k

Current assets29/58€136k€88k▼

Amounts receivable within one year40/41€2k€4k▲

Trade receivables40€0€2k▲

Other amounts receivable41€2k€2k=

Current investments50/53€0-

Cash at bank and in hand54/58€124k€79k▼

Deferred charges and accrued income490/1€10k€5k▼

Equity and liabilities

Total equity and liabilities10/49€162k€161k▼

Equity10/15€114k€2k▼

Contributions10/11€2k€2k=

Reserves13€112k€0▼

Distributable reserves133€112k€0▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€48k€159k▲

Amounts payable within one year42/48€48k€159k▲

Trade debts44€18k€1k▼

Suppliers440/4€18k€1k▼

Taxes, remuneration and social security45€9k€27k▲

Taxes450/3€9k€27k▲

Other amounts payable47/48€22k€131k▲

Accrued charges and deferred income492/3€0-

Income statement Code20242025

Non-recurring operating income76A-€2k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲

Other operating charges640/8€632€985▲

Gross operating margin9900€58k€57k▼

Operating profit (loss)9901€55k€48k▼

Financial income75/76B€837€65▼

Recurring financial income75€837€65▼

Financial charges65/66B€131€205▲

Recurring financial charges65€131€205▲

Profit (loss) for the period before taxes9903€55k€48k▼

Income taxes67/77€11k€10k▼

Profit (loss) for the period9904€44k€38k▼

Profit (loss) for the period to be appropriated9905€44k€38k▼

Appropriation of the result

Profit (loss) to be appropriated9906€44k€38k▼

Transfer from equity791/2-€112k

Transfer to equity691/2€14k€0▼

To other reserves6921€14k€0▼

Profit to be distributed694/7€30k€150k▲

Return on contributions (dividend)694€30k€150k▲

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

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

25-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €100kEq €114k ▲14.2%

4 profitable years in a row build equity to €114k.

25-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2021net €51k ▲79.6%

Operating result €65k, net result €51k, both a record.

31-12

Financial Liquidity doublescurrent ratio 5.26

Current ratio from 2.50 to 5.26; short-term debt falls from €28k to €24k.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

11-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Meerhout · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Gestelsesteenweg 602450 Meerhout

Ground area

1,333 m²

Building footprint

191 m²

Parcel 13462C1498/00Y000, Flanders. Linked by address, not a title deed.

1 establishment unit

Kinepract

Gestelsesteenweg 60, 2450 MeerhoutHuman health activities

since 20212.324.336.962

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13462C1498/00Y000	Flanders	1,333 m²	1 · 190 m²	-

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 · 6,897 EUR awarded · 6,897 EUR paid

Year	Entries	awarded	paid
2025	1	447 EUR	447 EUR
2024	1	0 EUR	240 EUR
2023	1	2,986 EUR	3,286 EUR
2022	1	3,464 EUR	2,924 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · 6,897 EUR · 6,897 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Optimal Physio Recovery

Tongeren-Borgloon · Eq €2k

Of 12,684 companies in sector 86951 we hold annual accounts for 2,135. 515 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-11-2021

Fiscal year end31-12

Activities, NACEBEL

86905Human health activities

86951Physiotherapy

86909Human health activities

86995Nutrition and dietetics services

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.