Equity
€93,355 ▲ 67.6%
KINOVA has made a profit without a break since 2023.
KINOVA
Lifetime
13 annual accounts with figures on one time axispeak €52,736 (2025)
€52,736▲ 28.9%
lowest -€12,032 (2021)
€37,638▲ 44.2%
peak €93,355 (2025)
€93,355▲ 67.6%
€12,569▼ 43.3%
Board1 name since 2023
1 directorBRUGHMANS Christian
Documentsfilings and deeds
13-02-202613 days late
2025micro format
Gross margin from €40,917 to €52,736Result from €26,109 to €37,638Equity from €55,717 to €93,355Debts from €22,165 to €12,569Investments €1,976Cash from €15,476 to €2,652
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The micro format states no turnover.
Investments
€1,976 3.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
8.20 was 3.45 in 2024
Short-term debts fell from €22,165 to €12,569.
Filings
13 annual accounts since 2013
Seven of the last ten came late. The 2021 accounts came latest: 22 days after the end of the period.
Position in the sector
88.1%
Higher solvency than 85% of companies in computer programming and consultancy. Sector median 60.0% · 21,206 companies.
Checked score
87
Excellent
Financially stronger than 71% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: 0.1%▲ +0.1 percentage points vs 01-2025
03-2025: < 0.1%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: 0.1%▲ +0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 8.20, cash €2,652, halved
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Figures for financial year 2025 (filed on 13-02-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 33% on liquidity, 82% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as KINOVA has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of KINOVA itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for KINOVA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.2 (3.45 in 2024), above the usual 1.5. Short-term debt is 11.9% and cash 2.5% of total assets. 11.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €93,355
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
21 days late
2023
13 days late
2022
1 day early
2021
22 days late
2020
2 days early
2019
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 13 February (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered office moved within Waterloo
New registered office: Rue Coleau 108B, 1410 Waterloo · Previous registered office: Clos Saint Roch 23, 1410 Waterloo · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0848382982
Legal-form change · Resignations & appointments
Gazette deed
First establishment
Rue Coleau 108, Waterloo
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KINOVA Waterloo | - | - | 88.1% | - |
| Tor Consulting Wavre | €164,819 | 11.8% | 77.9% | - |
| HARMONICS Zottegem | - | - | 61.6% | - |
| GENER8 Sint-Katelijne-Waver | - | - | 71.3% | - |
| SnipSoft Nazareth-De Pinte | - | - | 67.1% | - |
| DABOE Kapellen | - | - | 56.6% | - |
| AYRON SOFTWARE CONSULTING Uccle | €140,082 | 32.0% | 96.3% | - |
These companies have the same main activity as KINOVA: computer programming (NACE 62100). They are comparable in size and age: total assets between €93,300 and €113,000, founded between 2011 and 2013.
Official details
Source: KBO- Status
- Active since 03-09-2012Normal situation
- Activity
- Computer programmingNACE 62100and 2 others
- Establishment unit
- 2.212.388.3711410 Waterloo, since 19-09-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 21-11-2025
Insights on KINOVA
KINOVA files the micro format. That format states no turnover. The gross margin rose from €25,407 in 2013 to €52,736 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KINOVA
- What is the company number of KINOVA?
- The company number of KINOVA is 0848.382.982. The VAT number is the same number with BE in front: BE 0848.382.982.
- Where is KINOVA based?
- The registered office is at Rue Coleau 108, 1410 Waterloo.Company details
- What does KINOVA do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of KINOVA?
- KINOVA is a private limited company (BV).
- When was KINOVA founded?
- KINOVA was founded on 03-09-2012.
- Is KINOVA still active?
- Yes, KINOVA is an active enterprise in the KBO register.
- What is the turnover of KINOVA?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €52,736 and 41 comparable companies (NACE 62100). It probably lies between €100,000 and €160,000.Financials
- Is KINOVA profitable?
- In financial year 2025, KINOVA made a profit of €37,638.
- Where can I find the annual accounts of KINOVA?
- KINOVA filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KINOVA due?
- KINOVA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.