KINITRO
ActiveSummary
KINITRO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €587,775 and a net result of €50,726. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 16.61 against 15.87 in 2024; short-term debt: 5.9% and cash: 26.2% of total assets), and 5.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.1%
Return on assets
8.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
26 d late
2023
20 d early
2022
8 d late
2021
26 d early
2020
18 d late
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€587,775▲ 9.4%
2024 · €537,050
Total assets
€624,773▲ 9.0%
2024 · €573,297
Net result
€50,726▼ 26.3%
2024 · €68,783
Working capital
€577,700▲ 8.4%
2024 · €533,036
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€100,971▲ 8.6%€109,080▲ 8.0%€126,379▲ 15.9%€91,027▼ 28.0%€64,018▼ 29.7%
Net result€72,937above the sector's middle half▲ 9.1%€68,322above the sector's middle half▼ 6.3%€98,606above the sector's middle half▲ 44.3%€68,783above the sector's middle half▼ 30.2%€50,726above the sector's middle half▼ 26.3%
Equity€339,185above the sector's middle half▲ 30.4%€407,508above the sector's middle half▲ 20.1%€506,113above the sector's middle half▲ 24.2%€537,050above the sector's middle half▲ 6.1%€587,775above the sector's middle half▲ 9.4%
Total assets€365,535within the sector's middle half▲ 34.0%€414,319above the sector's middle half▲ 13.3%€529,226above the sector's middle half▲ 27.7%€573,297above the sector's middle half▲ 8.3%€624,773above the sector's middle half▲ 9.0%
Debt€26,350▼ 29.6%€6,811▼ 74.2%€23,112▲ 239%€36,247▲ 56.8%€36,998▲ 2.1%
Working capital€328,302above the sector's middle half▲ 47.6%€399,605above the sector's middle half▲ 21.7%€498,959above the sector's middle half▲ 24.9%€533,036above the sector's middle half▲ 6.8%€577,700above the sector's middle half▲ 8.4%
Solvency92.8%above the sector's middle half▼ 2.5pp98.4%above the sector's middle half▲ 5.6pp95.6%above the sector's middle half▼ 2.7pp93.7%above the sector's middle half▼ 2.0pp94.1%above the sector's middle half▲ 0.4pp
Current ratio13.46above the sector's middle half▲ 6.5259.67above the sector's middle half▲ 46.2122.59above the sector's middle half▼ 37.0815.87above the sector's middle half▼ 6.7216.61above the sector's middle half▲ 0.75
Return on assets (ROA)20.0%above the sector's middle half▼ 4.6pp16.5%above the sector's middle half▼ 3.5pp18.6%above the sector's middle half▲ 2.1pp12.0%within the sector's middle half▼ 6.6pp8.1%within the sector's middle half▼ 3.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €624,773
Fixed assets
€10,076 ▲ 129%
Current assets
€614,697 ▲ 8.1%
Equity and liabilities €624,773
Equity
€587,775 ▲ 9.4%
Debt
€36,998 ▲ 2.1%
Debt's share of the balance-sheet total falls from 6.3% to 5.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,281▼
2024 · €93,776
Cash flow
€54,989▼
2024 · €71,533
Debt to equity
0.06▼
2024 · 0.07
ROE
8.6%▼
2024 · 12.8%
Interest coverage
107.64▲
2024 · 48.30
Debt ≤ 1 year
€36,998▲
2024 · €35,855
Income taxes
€19,107▼
2024 · €26,660
Staff costs
€998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €998 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,944 | €2,980 | €3,543 | €2,749 | €4,263 | ▲ 55.1% |
| Other operating charges640/8 | €888 | €895 | €1,042 | €1,271 | €598 | ▼ 52.9% |
| Non-recurring operating charges66A | €1,200 | - | - | - | - | - |
| Gross operating margin9900 | €106,003 | €112,956 | €130,965 | €95,048 | €69,878 | ▼ 26.5% |
| Operating profit (loss)9901 | €100,971 | €109,080 | €126,379 | €91,027 | €64,018 | ▼ 29.7% |
| Financial income75/76B | €110 | €156 | €11,404 | €6,358 | €6,449 | ▲ 1.4% |
| Recurring financial income75 | €110 | €156 | €787 | €4,470 | €6,449 | ▲ 44.3% |
| Non-recurring financial income76B | - | - | €10,617 | €1,888 | €0 | ▼ 100% |
| Financial charges65/66B | €73 | €10,970 | €2,217 | €1,941 | €634 | ▼ 67.3% |
| Recurring financial charges65 | €73 | €10,970 | €2,217 | €1,941 | €634 | ▼ 67.3% |
| Profit (loss) for the period before taxes9903 | €101,008 | €98,265 | €135,566 | €95,443 | €69,833 | ▼ 26.8% |
| Income taxes67/77 | €28,071 | €29,943 | €36,960 | €26,660 | €19,107 | ▼ 28.3% |
| Profit (loss) for the period9904 | €72,937 | €68,322 | €98,606 | €68,783 | €50,726 | ▼ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €72,937 | €68,322 | €98,606 | €68,783 | €50,726 | ▼ 26.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,535 | €414,319 | €529,226 | €573,297 | €624,773 | ▲ 9.0% |
| Fixed assets21/28 | €10,883 | €7,903 | €7,155 | €4,405 | €10,076 | ▲ 129% |
| Tangible fixed assets22/27 | €10,583 | €7,603 | €6,855 | €4,105 | €9,776 | ▲ 138% |
| Land and buildings22 | €8,736 | €6,388 | €4,041 | €2,280 | €9,161 | ▲ 302% |
| Plant, machinery and equipment23 | €598 | €410 | €222 | €80 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,249 | €805 | €2,592 | €1,745 | €615 | ▼ 64.8% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €354,652 | €406,416 | €522,071 | €568,892 | €614,697 | ▲ 8.1% |
| Amounts receivable within one year40/41 | €24,473 | €27,986 | €40,523 | €77,971 | €72,727 | ▼ 6.7% |
| Trade receivables40 | €12,504 | €17,939 | €36,460 | €41,250 | €30,464 | ▼ 26.1% |
| Other amounts receivable41 | €11,968 | €10,047 | €4,063 | €36,721 | €42,263 | ▲ 15.1% |
| Current investments50/53 | €75,970 | €87,700 | €268,698 | €376,451 | €378,527 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €247,600 | €283,412 | €210,018 | €114,435 | €163,444 | ▲ 42.8% |
| Deferred charges and accrued income490/1 | €6,610 | €7,318 | €2,832 | €35 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,535 | €414,319 | €529,226 | €573,297 | €624,773 | ▲ 9.0% |
| Equity10/15 | €339,185 | €407,508 | €506,113 | €537,050 | €587,775 | ▲ 9.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €320,585 | €388,908 | €487,513 | €518,450 | €569,175 | ▲ 9.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €318,725 | €387,048 | €487,513 | €518,450 | €569,175 | ▲ 9.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €26,350 | €6,811 | €23,112 | €36,247 | €36,998 | ▲ 2.1% |
| Amounts payable within one year42/48 | €26,350 | €6,811 | €23,112 | €35,855 | €36,998 | ▲ 3.2% |
| Trade debts44 | €21,908 | €4,359 | €4,088 | €4,079 | €4,427 | ▲ 8.5% |
| Suppliers440/4 | €21,908 | €4,359 | €4,088 | €4,079 | €4,427 | ▲ 8.5% |
| Taxes, remuneration and social security45 | €2,600 | - | €16,128 | €29,260 | €27,929 | ▼ 4.5% |
| Taxes450/3 | - | - | €13,528 | €26,660 | €27,929 | ▲ 4.8% |
| Remuneration and social security454/9 | €2,600 | - | €2,600 | €2,600 | €0 | ▼ 100% |
| Other amounts payable47/48 | €1,842 | €2,452 | €2,896 | €2,516 | €4,641 | ▲ 84.5% |
| Accrued charges and deferred income492/3 | - | - | - | €392 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,937 | €68,322 | €98,606 | €68,783 | €50,726 | ▼ 26.3% |
| + Depreciation and write-downs630 | €2,944 | €2,980 | €3,543 | €2,749 | €4,263 | ▲ 55.1% |
| Operating cash flow (approximation) | €75,881 | €71,303 | €102,149 | €71,533 | €54,989 | ▼ 23.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,795 | €0 | -€9,934 | - |
| Change in cash | - | €35,812 | -€73,394 | -€95,583 | €49,008 | ▲ 151% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €98,606 ▲44.3%
Operating result €126,379, net result €98,606, both a record.
31-12
Financial
Equity above €500,000Eq €506,113 ▲24.2%
6 profitable years in a row build equity to €506,113.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 59.67
Current ratio from 13.46 to 59.67; short-term debt falls from €26,350 to €6,811.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Equity above €200,000Eq €260,048 ▲34.6%
3 profitable years in a row build equity to €260,048.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2014
Ground area
215 m²
Building footprint
204 m²
Volume, LiDAR
1,679 m³
Parcel 11806F1250/00Z009, Flanders · tallest building 16.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kinitro
since 20142.234.957.105
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1250/00Z009 | Flanders | 215 m² | 1 · 204 m² | 16.1 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400ZGS7Y5NXNJM532
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 1,120 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
Founded14-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
73300Public relations and communication consultancy
90391Promotion and organisation of arts and performing arts events
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0559988423
Also
9925:BE0559988423
Registered
02-04-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.