KINEWOOD
ActiveKINEWOOD has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €104k and a net result of €6k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▼-9
Solvency65▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.94 against 1.32 in 2023; short-term debt: 12.5% and cash: 2.3% of total assets), and 60.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
39.5%
Return on assets
2.4%
Age of the figures
21 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 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
1 d late
2022
21 d early
2021
120 d late
2020
73 d late
2019
52 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€104k▲ 6.6%
2023 · €97k
2018: €42k
2019: €50k
2020: €75k
2021: €79k
2022: €89k
2023: €97k
2018 → 2024
Total assets
€262k▲ 12.4%
2023 · €233k
2018: €265k
2019: €245k
2020: €264k
2021: €242k
2022: €253k
2023: €233k
2018 → 2024
Net result
€6k▼ 25.0%
2023 · €9k
2018: €9k
2019: €8k
2020: €27k
2021: €8k
2022: €9k
2023: €9k
2018 → 2024
Working capital
€-2k
2023 · €10k
2018: €-39k
2019: €-47k
2020: €-27k
2021: €-31k
2022: €6k
2023: €10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€75k-€79k▲ 5.6%€89k▲ 11.8%€97k▲ 9.6%€104k▲ 6.6%
Operating result€48k-€17k▼ 65.0%€19k▲ 12.9%€20k▲ 4.1%€16k▼ 18.5%
Net result€27k-€8k▼ 69.2%€9k▲ 12.5%€9k▼ 8.7%€6k▼ 25.0%
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 18% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €262k
Fixed assets
€231k▲ 19.9%
Current assets
€31k▼ 23.5%
Equity and liabilities €262k
Equity
€104k▲ 6.6%
Debt
€158k▲ 16.6%
The debt ratio rises from 58.3% to 60.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2023 · €30k
Cash flow
€17k▼
2023 · €19k
Solvency
39.5%▼
2023 · 41.7%
Current ratio
0.94▼
2023 · 1.32
Quick ratio
0.94▼
2023 · 1.32
Debt / equity
1.53▲
2023 · 1.40
ROE
6.2%▼
2023 · 8.8%
ROA
2.4%▼
2023 · 3.7%
Interest coverage
4.01▼
2023 · 4.85
Debt
€158k▲
2023 · €136k
Debt ≤ 1 year
€33k▲
2023 · €30k
Debt > 1 year
€126k▲
2023 · €104k
Income taxes
€3k▼
2023 · €5k
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€233k€262k▲
Fixed assets21/28€193k€231k▲
Tangible fixed assets22/27€193k€231k▲
Land and buildings22€193k€228k▲
Furniture and vehicles24-€3k
Current assets29/58€40k€31k▼
Amounts receivable after more than one year29€18k-
Other amounts receivable291€18k-
Amounts receivable within one year40/41€2k€12k▲
Trade receivables40€2k€9k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€14k€6k▼
Deferred charges and accrued income490/1€6k€13k▲
Equity and liabilities
Total equity and liabilities10/49€233k€262k▲
Equity10/15€97k€104k▲
Contributions10/11€6k€6k=
Reserves13€64k€71k▲
Tax-exempt reserves132€13k€13k=
Distributable reserves133€51k€57k▲
Profit (loss) carried forward14€27k€27k=
Amounts payable17/49€136k€158k▲
Amounts payable after more than one year17€104k€126k▲
Financial debts170/4€104k€126k▲
Amounts payable within one year42/48€30k€33k▲
Current portion of amounts payable after more than one year42€16k€24k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Other amounts payable47/48€7k€608▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€32k€29k▼
Operating profit (loss)9901€20k€16k▼
Financial income75/76B€75-
Recurring financial income75€75-
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€14k€10k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€9k€6k▼
Profit (loss) for the period to be appropriated9905€9k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€33k▼
Profit (loss) brought forward from the previous period14P€27k€27k=
Transfer to equity691/2€9k€6k▼
To other reserves6921€9k€6k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €6k ▼25%
Net result drops to €6k, the lowest in the series.
31-12
Financial
Equity above €100kEq €104k ▲6.6%
7 profitable years in a row build equity to €104k.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.12
Current ratio from 0.47 to 1.12; short-term debt falls from €58k to €45k.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
31-12
Financial
Highest result since 2018net €27k ▲237%
Operating result €48k, net result €27k, both a record.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
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, Sint-Genesius-Rode · 1 establishment unit since 2012
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.
Stationsstraat 1101640 Sint-Genesius-RodeGround area
339 m²
Building footprint
96 m²
Volume, LiDAR
986 m³
Parcel 22004A0055/00H002, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KINEWOOD
since 20122.213.045.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004A0055/00H002 | Flanders | 339 m² | 1 · 96 m² | 12.8 m · 3 fl. |
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
2023 to 2025 · 2 entries · 2,730 EUR awarded · 2,730 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,650 EUR | 1,650 EUR |
| 2023 | 1 | 1,080 EUR | 1,080 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,718 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2012
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.