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KINEREC

Active
Private limited companyfounded 198936 years activeRue d'Enhaive(JB) 302, 5100 Namur, BelgiumKBO/BCE: BE 0438.734.265
Summary

KINEREC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,832 and a net result of -€4,857. Equity remains stable across the filed fiscal years (±2.1% per year). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
Activity not known
Size
€38,607total assets 2025
Equity
€12,832
Loss
-€4,857
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Structure
Accounts filed 123 days late0 of 1 deed read
Why 54Capped at 59: a confirmed filing finding- Loss of €4,857, the second in a row (FY 2025)- Latest accounts 123 days late; 1 of the last 3 late+ Size: total assets €38,607+ Founded in 1989Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 30% of its sector peers (no NACE code, micro)
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 58-3
equity 33.2% of total assets
Liquidity 65-1
short-term debt 66.8% · cash 92.2%
Profitability 6-62
return on assets -12.6%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.2%▲ +0.1 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.3%▲ +0.1 percentage points vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.8%▲ +0.4 percentage points vs 04-2026 06-2026: 1.0%▲ +0.2 percentage points vs 05-2026 07-2026: 1.7%▲ +0.7 percentage points vs 06-2026 08-2026: 1.9%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 1.0%▼ -0.9 percentage points vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.5 against 1.57 in 2024; short-term debt: 66.8% and cash: 92.2% of total assets), and 66.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 35% on solvency, 61% on liquidity, 10% on profitability and 14% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk
lowers risk · Size: total assets €38,607
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Loss of €4,857, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Latest accounts 123 days late; 1 of the last 3 late
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€4,857
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-08-2026, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
123 days late
2024
2 days early
2023
34 days early
2022
37 days early
2021
30 days early
2020
31 days early
2019
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 7 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close08-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€4,857
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 123 days View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€4,857 View
  • Active since 1989founded 20-10-1989 36 years View

By topic

Financials

Fiscal year
2025
Total assets
€38,607
Loss
-€4,857
Solvency
33.2%
Total assets▼ 20.6%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 30-04-2027
  1. 27-03-2024Annual accounts filed
  2. 30-09-2023Back to profit
  3. 24-03-2023Annual accounts filed
Go to Timeline

Company details

Legal form
Private limited company
Founded
20-10-1989
Year ends
30-09
Peppol
Not found in the Peppol directory
Go to Company details

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