KINOVA
ActiveSummary
KINOVA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €38k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 85% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 8.2 against 3.45 in 2024; short-term debt: 11.9% and cash: 2.5% of total assets), and 11.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2025Solvency, return and age of the figures
Solvency
88.1%
Return on assets
35.5%
Age of the figures
15 mo
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
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 €93k
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
21 d late
2023
13 d late
2022
1 d early
2021
22 d late
2020
2 d early
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▲ 67.6%
2024 · €56k
2019: €62k
2020: €62k
2021: €42k
2022: €20k
2023: €31k
2024: €56k
2019 → 2025
Total assets
€106k▲ 36.0%
2024 · €78k
2019: €78k
2020: €68k
2021: €49k
2022: €31k
2023: €50k
2024: €78k
2019 → 2025
Net result
€38k▲ 44.2%
2024 · €26k
2019: €174
2020: €158
2021: €-12k
2022: €-8k
2023: €16k
2024: €26k
2019 → 2025
Working capital
€91k▲ 67.0%
2024 · €54k
2019: €65k
2020: €60k
2021: €41k
2022: €19k
2023: €33k
2024: €54k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€20k▼ 53.3%€31k▲ 53.9%€56k▲ 82.6%€93k▲ 67.6%
Operating result€-11k-€-7k▲ 33.3%€22k€39k▲ 74.2%€52k▲ 33.4%
Net result€-12k-€-8k▲ 34.9%€16k€26k▲ 63.7%€38k▲ 44.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€3k ▲ 88.8%
Current assets
€103k ▲ 35.0%
Equity and liabilities €106k
Equity
€93k ▲ 67.6%
Debt
€13k ▼ 43.3%
Debt's share of the balance-sheet total falls from 28.5% to 11.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2024 · €40k
Cash flow
€38k▲
2024 · €28k
Current ratio
8.20▲
2024 · 3.45
Debt to equity
0.13▼
2024 · 0.40
ROE
40.3%▼
2024 · 46.9%
ROA
35.5%▲
2024 · 33.5%
Interest coverage
322.86▼
2024 · 647.07
Debt ≤ 1 year
€13k▼
2024 · €22k
Income taxes
€14k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€78k€106k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Furniture and vehicles24€2k€3k▲
Current assets29/58€76k€103k▲
Amounts receivable within one year40/41€10k€20k▲
Trade receivables40€10k€12k▲
Other amounts receivable41-€9k
Current investments50/53€50k€80k▲
Cash at bank and in hand54/58€15k€3k▼
Deferred charges and accrued income490/1€460-
Equity and liabilities
Total equity and liabilities10/49€78k€106k▲
Equity10/15€56k€93k▲
Contributions10/11€14k€14k=
Reserves13€41k€79k▲
Distributable reserves133€41k€79k▲
Amounts payable17/49€22k€13k▼
Amounts payable within one year42/48€22k€13k▼
Trade debts44€112€463▲
Suppliers440/4€112€463▲
Taxes, remuneration and social security45€16k€12k▼
Taxes450/3€16k€12k▼
Other amounts payable47/48€6k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€639▼
Other operating charges640/8€741€407▼
Gross operating margin9900€41k€53k▲
Operating profit (loss)9901€39k€52k▲
Financial income75/76B-€244
Recurring financial income75-€244
Financial charges65/66B€62€162▲
Recurring financial charges65€62€162▲
Profit (loss) for the period before taxes9903€39k€52k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€26k€38k▲
Profit (loss) for the period to be appropriated9905€26k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€38k▲
Transfer from equity791/2€909-
Transfer to equity691/2€26k€38k▲
To other reserves6921€26k€38k▲
Profit to be distributed694/7€909-
Return on contributions (dividend)694€909-
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
Next filing, fiscal year 2026, expected by
2026
08-09
State Gazette act
Board meeting · Registered-office moveRegistered-office move2 facts ▸
State Gazette act
Board meeting · Registered-office move
Registered-office move2 facts ▸
- Board meeting, 28-08-2026
- Registered-office move, Rue Coleau 108B, 1410 Waterloo
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-06
Financial
Highest result since 2019net €38k ▲44.2%
Operating result €52k, net result €38k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 8.20
Current ratio from 3.45 to 8.20; short-term debt falls from €22k to €13k.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
30-06
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-06
Financial
Weakest financial yearnet €-12k ▼7715%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity triplescurrent ratio 17.29
Current ratio from 6.44 to 17.29; short-term debt falls from €12k to €4k.
Show earlier events
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
05-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 5 days late
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waterloo · 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.
Rue Coleau 1081410 WaterlooGround area
2,408 m²
Building footprint
235 m²
Volume, LiDAR
782 m³
Parcel 25764Q0449/00B000, Wallonia · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KINOVA
since 20122.212.388.371
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0449/00B000 | Wallonia | 2,408 m² | 1 · 235 m² | 5.3 m · 1 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.
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,955 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2012
Fiscal year end30-06
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.