KINGS PROBABLY GOOD
ActiveThe computed 12-month bankruptcy probability of KINGS PROBABLY GOOD is 2.2% (moderate). The 2024 annual accounts show equity of €997k and a net result of €147k. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 9623 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▼-13
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 4.49 against 2.18 in 2023; short-term debt: 11.7% and cash: 25.2% of total assets), and 11.7% 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
88.3%
Return on assets
13%
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 18-07-2025, 13 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
44 d early
2022
38 d early
2021
29 d late
2020
30 d late
2019
14 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€997k▲ 17.2%
2023 · €851k
2018: €-30k
2019: €352k
2020: €460k
2021: €470k
2022: €603k
2023: €851k
2018 → 2024
Total assets
€1.13M▲ 5.5%
2023 · €1.07M
2018: €7k
2019: €795k
2020: €711k
2021: €664k
2022: €865k
2023: €1.07M
2018 → 2024
Net result
€147k▼ 40.6%
2023 · €247k
2018: €-36k
2019: €38k
2020: €108k
2021: €10k
2022: €133k
2023: €247k
2018 → 2024
Working capital
€459k▲ 77.7%
2023 · €258k
2018: €-8k
2019: €-106k
2020: €-58k
2021: €-8k
2022: €41k
2023: €258k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€460k-€470k▲ 2.3%€603k▲ 28.3%€851k▲ 41.0%€997k▲ 17.2%
Operating result€143k-€44k▼ 69.2%€204k▲ 364%€388k▲ 90.2%€37k▼ 90.6%
Net result€108k-€10k▼ 90.4%€133k▲ 1,180%€247k▲ 85.6%€147k▼ 40.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 91% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.13M
Fixed assets
€538k▼ 9.1%
Current assets
€591k▲ 23.5%
Equity and liabilities €1.13M
Equity
€997k▲ 17.2%
Debt
€132k▼ 40.1%
The debt ratio falls from 20.5% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▼
2023 · €431k
Cash flow
€189k▼
2023 · €290k
Solvency
88.3%▲
2023 · 79.5%
Current ratio
4.49▲
2023 · 2.18
Quick ratio
3.04▲
2023 · 0.70
Debt / equity
0.13▼
2023 · 0.26
ROE
14.7%▼
2023 · 29.1%
ROA
13.0%▼
2023 · 23.1%
Interest coverage
18.83▼
2023 · 85.56
Debt
€132k▼
2023 · €220k
Debt ≤ 1 year
€132k▼
2023 · €220k
Income taxes
€36k▼
2023 · €136k
Staff costs
€574k▼
2023 · €580k
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€1.07M€1.13M▲
Fixed assets21/28€592k€538k▼
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€185k€131k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€182k€129k▼
Financial fixed assets28€404k€404k=
Current assets29/58€478k€591k▲
Stocks and contracts in progress3€324k€191k▼
Stocks30/36€324k€191k▼
Amounts receivable within one year40/41€68k€115k▲
Trade receivables40€63k€32k▼
Other amounts receivable41€5k€83k▲
Cash at bank and in hand54/58€86k€285k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.13M▲
Equity10/15€851k€997k▲
Contributions10/11€7k€7k=
Revaluation surpluses12€50k€50k=
Reserves13€793k€940k▲
Distributable reserves133€793k€940k▲
Amounts payable17/49€220k€132k▼
Amounts payable within one year42/48€220k€132k▼
Current portion of amounts payable after more than one year42€12k€7k▼
Trade debts44€12k€47k▲
Suppliers440/4€12k€47k▲
Taxes, remuneration and social security45€196k€78k▼
Taxes450/3€125k€18k▼
Remuneration and social security454/9€71k€60k▼
Income statement
Code20232024
Remuneration, social security and pensions62€580k€574k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€43k▼
Other operating charges640/8€17k€12k▼
Gross operating margin9900€1.03M€665k▼
Operating profit (loss)9901€388k€37k▼
Financial income75/76B€213€150k▲
Recurring financial income75€213€150k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€383k€182k▼
Income taxes67/77€136k€36k▼
Profit (loss) for the period9904€247k€147k▼
Profit (loss) for the period to be appropriated9905€247k€147k▼
Appropriation of the result
Profit (loss) to be appropriated9906€247k€147k▼
Transfer to equity691/2€247k€147k▼
To other reserves6921€247k€147k▼
Social balance
Average headcount (FTE)908714.713.3▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 4.49
Current ratio from 2.18 to 4.49; short-term debt falls from €220k to €132k.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €247k ▲85.6%
Operating result €388k, net result €247k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €603k ▲28.3%
4 profitable years in a row build equity to €603k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-12
Financial
Equity above €200kEq €352k
Equity rises from €-30k to €352k.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Schelle · 7 establishment units since 2016
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.
Boomse Steenweg 102627 SchelleGround area
1.5 ha
Building footprint
3,204 m²
Volume, LiDAR
27,480 m³
7 parcels, Brussels, Flanders · tallest building 24.0 m, ±7 floors. Linked by address, not a title deed.
7 establishment units
Kings Probably Good
since 20162.260.513.338
Kings Probably Good
since 20162.260.513.437
Kings Probably Good
since 20192.294.852.328
Kings Probably Good
since 20192.294.852.427
Kings Probably Good
since 20192.294.852.526
Kings Probably Good
since 20192.294.852.229
Show 1 more locations
KINGS PROBABLY GOOD
since 20202.300.978.174
7 parcels
Flanders
6
(85.7%)
Brussels
1
(14.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038C0334/00F002 | Flanders | 5,812 m² | 1 · 1,881 m² | 10.2 m · 3 fl. |
| 46502D0252/00X009 | Flanders | 5,212 m² | 1 · 108 m² | 10.9 m · 1 fl. |
| 44043A0113/00K007 | Flanders | 3,098 m² | 1 · 773 m² | 13.4 m · 4 fl. |
| 12403D0216/00L003 | Flanders | 177 m² | 1 · 177 m² | 9.8 m · 2 fl. |
| 21812N0910/00Z002 | Brussels | 125 m² | 1 · 121 m² | 24.0 m · 7 fl. |
| 11472B0014/00R000 | Flanders | 108 m² | 1 · 83 m² | 13.4 m · 4 fl. |
| 46443E1632/00K002 | Flanders | 61 m² | 1 · 61 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels 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
2024 · 1 entry · 4,856 EUR awarded · 4,856 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,856 EUR | 4,856 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 4,245 companies in sector 47789 we hold annual accounts for 1,020. 501 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2016
Fiscal year end31-12
Activities, NACEBEL
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.