KINESIE
ActiveSummary
KINESIE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-25k) and a net result of €-25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2344 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-23
Solvency0▼-22
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.39 in 2024; short-term debt: 201.2% and cash: 5.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-112.7%
Return on assets
-109%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-25k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
18 d late
2024
22 d late
2023
33 d early
2022
150 d late
2021
60 d late
2020
31 d late
2019
55 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-25k▼ 433%
2024 · €-5k
2018: €-13k
2019: €13k▲ +204% vs 2018highest in 8 years
2020: €705▼ -94.6% vs 2019
2021: €-12k▼ -1859% vs 2020
2022: €-1k▲ +89.3% vs 2021
2023: €10k▲ +885% vs 2022
2024: €-5k▼ -144% vs 2023
2025: €-25k▼ -433% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-36k▼ 131%
2024 · €-16k
2018: €-10k
2019: €5k▲ +150% vs 2018highest in 8 years
2020: €2k▼ -52.0% vs 2019
2021: €-15k▼ -731% vs 2020
2022: €-16k▼ -5.9% vs 2021
2023: €-15k▲ +2.8% vs 2022
2024: €-16k▼ -4.2% vs 2023
2025: €-36k▼ -131% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-5k-€-7k▼ 25.0%€4k€-841€-25k▼ 2,931%
2021: €-5k
2022: €-7k▼ -25.0% vs 2021
2023: €4k▲ +157% vs 2022highest in 5 years
2024: €-841▼ -122% vs 2023
2025: €-25k▼ -2931% vs 2024lowest in 5 years
Operating result€-8k-€3k€16k▲ 401%€-2k€-20k▼ 1,083%
2021: €-8k
2022: €3k▲ +140% vs 2021
2023: €16k▲ +401% vs 2022highest in 5 years
2024: €-2k▼ -111% vs 2023
2025: €-20k▼ -1083% vs 2024lowest in 5 years
Net result€-12k-€-1k▲ 89.3%€10k€-5k€-25k▼ 433%
2021: €-12k
2022: €-1k▲ +89.3% vs 2021
2023: €10k▲ +885% vs 2022highest in 5 years
2024: €-5k▼ -144% vs 2023
2025: €-25k▼ -433% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€14k ▼ 33.6%
Current assets
€9k ▼ 9.8%
Key figures and ratios
EBITDA
€-10k▼
2024 · €8k
Cash flow
€-14k▼
2024 · €5k
Solvency
-112.7%▼
2024 · -2.8%
Current ratio
0.20▼
2024 · 0.39
Debt to equity
-1.89
ROA
-109.0%▼
2024 · -15.2%
Interest coverage
-2.02▼
2024 · 2.81
Debt
€48k▲
2024 · €31k
Debt ≤ 1 year
€46k▲
2024 · €26k
Debt > 1 year
€2k▼
2024 · €4k
Income taxes
€145▲
2024 · €97
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€30k€23k▼
Fixed assets21/28€20k€14k▼
Tangible fixed assets22/27€20k€14k▼
Furniture and vehicles24€6k€7k▲
Leasing and similar rights25€14k€6k▼
Other tangible fixed assets26€1k€868▼
Current assets29/58€10k€9k▼
Amounts receivable within one year40/41€105-
Trade receivables40€105-
Cash at bank and in hand54/58€6k€1k▼
Deferred charges and accrued income490/1€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€30k€23k▼
Equity10/15€-841€-25k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-13k€-38k▼
Amounts payable17/49€31k€48k▲
Amounts payable after more than one year17€4k€2k▼
Financial debts170/4€4k€2k▼
Amounts payable within one year42/48€26k€46k▲
Current portion of amounts payable after more than one year42€9k€3k▼
Financial debts43€338€1k▲
Credit institutions430/8€338€1k▲
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Advances received on contracts in progress46-€10k
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€8k€3k▼
Remuneration and social security454/9€2k€9k▲
Other amounts payable47/48€3k€9k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€13k€-3k▼
Operating profit (loss)9901€-2k€-20k▼
Financial income75/76B€135€18▼
Recurring financial income75€135€18▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€-5k€-25k▼
Income taxes67/77€97€145▲
Profit (loss) for the period9904€-5k€-25k▼
Profit (loss) for the period to be appropriated9905€-5k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-38k▼
Profit (loss) brought forward from the previous period14P€-9k€-13k▼
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €9k | €11k | €10k | €10k | ▲ 2.0% |
| Other operating charges640/8 | €2k | €3k | €3k | €4k | €7k | ▲ 53.0% |
| Gross operating margin9900 | €3k | €15k | €30k | €13k | €-3k | ▼ 122% |
| Operating profit (loss)9901 | €-8k | €3k | €16k | €-2k | €-20k | ▼ 1,083% |
| Financial income75/76B | €9 | - | €12 | €135 | €18 | ▼ 86.4% |
| Recurring financial income75 | €9 | - | €12 | €135 | €18 | ▼ 86.4% |
| Financial charges65/66B | €4k | €4k | €3k | €3k | €5k | ▲ 58.0% |
| Recurring financial charges65 | €4k | €4k | €3k | €3k | €5k | ▲ 58.0% |
| Profit (loss) for the period before taxes9903 | €-12k | €-1k | €13k | €-5k | €-25k | ▼ 442% |
| Income taxes67/77 | €217 | €212 | €2k | €97 | €145 | ▲ 50.1% |
| Profit (loss) for the period9904 | €-12k | €-1k | €10k | €-5k | €-25k | ▼ 433% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €-1k | €10k | €-5k | €-25k | ▼ 433% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41k | €35k | €35k | €30k | €23k | ▼ 25.8% |
| Fixed assets21/28 | €31k | €24k | €28k | €20k | €14k | ▼ 33.6% |
| Intangible fixed assets21 | €272 | - | - | - | - | - |
| Tangible fixed assets22/27 | €30k | €24k | €28k | €20k | €14k | ▼ 33.6% |
| Furniture and vehicles24 | €4k | €4k | €13k | €6k | €7k | ▲ 22.9% |
| Leasing and similar rights25 | €26k | €19k | €13k | €14k | €6k | ▼ 57.6% |
| Other tangible fixed assets26 | €546 | €366 | €2k | €1k | €868 | ▼ 27.9% |
| Current assets29/58 | €10k | €10k | €7k | €10k | €9k | ▼ 9.8% |
| Amounts receivable within one year40/41 | €100 | €688 | €1k | €105 | - | - |
| Trade receivables40 | €100 | - | €502 | €105 | - | - |
| Other amounts receivable41 | - | €688 | €688 | - | - | - |
| Cash at bank and in hand54/58 | €9k | €8k | €5k | €6k | €1k | ▼ 79.3% |
| Deferred charges and accrued income490/1 | €1k | €2k | €1k | €4k | €8k | ▲ 96.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41k | €35k | €35k | €30k | €23k | ▼ 25.8% |
| Equity10/15 | €-5k | €-7k | €4k | €-841 | €-25k | ▼ 2,931% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €-18k | €-19k | €-9k | €-13k | €-38k | ▼ 186% |
| Amounts payable17/49 | €46k | €41k | €31k | €31k | €48k | ▲ 53.7% |
| Amounts payable after more than one year17 | €21k | €15k | €8k | €4k | €2k | ▼ 65.3% |
| Financial debts170/4 | €21k | €15k | €8k | €4k | €2k | ▼ 65.3% |
| Amounts payable within one year42/48 | €25k | €26k | €22k | €26k | €46k | ▲ 76.5% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €7k | €9k | €3k | ▼ 65.8% |
| Financial debts43 | - | - | €409 | €338 | €1k | ▲ 262% |
| Credit institutions430/8 | - | - | €409 | €338 | €1k | ▲ 262% |
| Trade debts44 | €4k | €6k | €3k | €4k | €10k | ▲ 151% |
| Suppliers440/4 | €4k | €6k | €3k | €4k | €10k | ▲ 151% |
| Advances received on contracts in progress46 | - | - | - | - | €10k | - |
| Taxes, remuneration and social security45 | €8k | €3k | €4k | €10k | €12k | ▲ 24.2% |
| Taxes450/3 | €3k | €2k | €4k | €8k | €3k | ▼ 57.9% |
| Remuneration and social security454/9 | €5k | €1k | - | €2k | €9k | ▲ 316% |
| Other amounts payable47/48 | €7k | €11k | €8k | €3k | €9k | ▲ 197% |
| Accrued charges and deferred income492/3 | €283 | €588 | €1k | €1k | €1k | ▲ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €-1k | €10k | €-5k | €-25k | ▼ 433% |
| + Depreciation and write-downs630 | €8k | €9k | €11k | €10k | €10k | ▲ 2.0% |
| Operating cash flow (approximation) | €-4k | €8k | €22k | €5k | €-14k | ▼ 364% |
| Investment in fixed assets (approximation) | - | €-3k | €-15k | €-2k | €-3k | ▼ 38.6% |
| Change in cash | - | €-2k | €-3k | €1k | €-5k | ▼ 568% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 150 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.44
Current ratio from 0.39 to 1.44; short-term debt falls from €16k to €11k.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 92 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Watermaal-Bosvoorde · 1 establishment unit since 2016
Ground area
1,002 m²
Building footprint
144 m²
Volume, LiDAR
1,184 m³
Parcel 21017D0366/00L010, Brussels · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KINESIE
since 20162.256.282.356
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0366/00L010 | Brussels | 1,002 m² | 1 · 144 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DECIDE
BE 0794.730.797
Erezée · Eq €3,804
KINECHEZVOUS
BE 0763.498.876
Elsene · Eq €3,714
Camille TOOTH SRL
BE 0768.720.743
Hannut · Eq €3,706
KINE POLARIS
BE 0760.965.196
Lokeren · Eq €3,672
R.R-Physio
BE 1024.200.432
Elsene · Eq €3,631
Of 12,685 companies in sector 86951 we hold annual accounts for 2,142. 873 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
Founded06-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
85510Sports and recreation education
96999Other personal services
96230Day spas, saunas and steam baths
Contact
Website
kinesie.be
E-mail
mariam.sidibe@kinesie.be
Scores and ratios are computed by Checked and are not a credit decision.