Kinesta
ActiveThe computed 12-month bankruptcy probability of Kinesta is 4.3% (elevated). The 2024 annual accounts show equity of €31k and a net result of €9k. Equity is growing by ~15.3% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
90
/ 100
Excellent▼ -10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency99▼-1
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.04 against 4.67 in 2023), and 38.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
61.3%
Return on assets
18.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
8 d late
2022
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€31k▼ 25.4%
2023 · €42k
2022: €22k
2023: €42k
2022 → 2024
Total assets
€51k▼ 17.4%
2023 · €62k
2022: €42k
2023: €62k
2022 → 2024
Net result
€9k▼ 53.4%
2023 · €20k
2022: €19k
2023: €20k
2022 → 2024
Working capital
€32k▼ 32.7%
2023 · €47k
2022: €16k
2023: €47k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€22k-€42k▲ 92.9%€31k▼ 25.4%
Operating result€25k-€29k▲ 12.5%€14k▼ 49.4%
Net result€19k-€20k▲ 5.0%€9k▼ 53.4%
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 2024; 2024 is 49% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€4k▲ 118%
Current assets
€47k▼ 21.2%
Equity and liabilities €51k
Equity
€31k▼ 25.4%
Debt
€20k▼ 0.6%
The debt ratio rises from 32.1% to 38.7%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€15k▼
2023 · €29k
Cash flow
€10k▼
2023 · €20k
Solvency
61.3%▼
2023 · 67.9%
Current ratio
3.04▼
2023 · 4.67
Quick ratio
3.04▼
2023 · 4.67
Debt / equity
0.63▲
2023 · 0.47
ROE
30.1%▼
2023 · 48.2%
ROA
18.5%▼
2023 · 32.7%
Interest coverage
3.89▼
2023 · 10.38
Debt
€20k▼
2023 · €20k
Debt ≤ 1 year
€16k▲
2023 · €13k
Debt > 1 year
€4k▼
2023 · €7k
Income taxes
€3k▼
2023 · €7k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€62k€51k▼
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24-€2k
Current assets29/58€60k€47k▼
Amounts receivable within one year40/41€46k€46k▲
Trade receivables40-€1k
Other amounts receivable41€46k€45k▼
Cash at bank and in hand54/58€14k€1k▼
Equity and liabilities
Total equity and liabilities10/49€62k€51k▼
Equity10/15€42k€31k▼
Contributions10/11€3k€3k=
Reserves13€17k€23k▲
Distributable reserves133€17k€23k▲
Profit (loss) carried forward14€22k€6k▼
Amounts payable17/49€20k€20k▼
Amounts payable after more than one year17€7k€4k▼
Financial debts170/4€7k€4k▼
Amounts payable within one year42/48€13k€16k▲
Current portion of amounts payable after more than one year42€8k€5k▼
Trade debts44€1k€107▼
Suppliers440/4€1k€107▼
Taxes, remuneration and social security45€3k€11k▲
Taxes450/3€3k€11k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€281€540▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€30k€16k▼
Operating profit (loss)9901€29k€14k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€28k€13k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€20k€9k▼
Profit (loss) for the period to be appropriated9905€20k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€32k▼
Profit (loss) brought forward from the previous period14P€19k€22k▲
Transfer to equity691/2€17k€6k▼
To other reserves6921€17k€6k▼
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €9k ▼53.4%
Net result drops to €9k, the lowest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Highest result since 2022net €20k ▲5%
Operating result €29k, net result €20k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Braives · 2 establishment units since 2021
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.
Rue du Bolland 744260 BraivesGround area
2,463 m²
Building footprint
182 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
Kinesta
since 20212.320.906.726
Rue du Centre 41, 4261 Braives
since 20212.320.906.825
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64071A0417/00E000 | Wallonia | 1,536 m² | 1 · 91 m² | - |
| 64041B0529/00L000 | Wallonia | 928 m² | 1 · 92 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.