KINRUSA
ActiveSummary
KINRUSA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €-22k. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-1
Solvency50▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.06 in 2024; short-term debt: 75.2% and cash: 4.7% of total assets), and 75.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-22k
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
13 d early
2023
21 d late
2022
30 d late
2021
23 d early
2020
31 d late
2019
22 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▼ 9.6%
2024 · €232k
2018: €223k
2019: €392k▲ +75.7% vs 2018highest in 8 years
2020: €362k▼ -7.5% vs 2019
2021: €323k▼ -11.0% vs 2020
2022: €287k▼ -11.1% vs 2021
2023: €251k▼ -12.6% vs 2022
2024: €232k▼ -7.6% vs 2023
2025: €210k▼ -9.6% vs 2024lowest in 8 years
2018 → 2025
Total assets
€845k▼ 3.7%
2024 · €877k
2018: €1.21Mhighest in 8 years
2019: €1.21M▼ -0.2% vs 2018
2020: €1.07M▼ -11.2% vs 2019
2021: €999k▼ -7.0% vs 2020
2022: €960k▼ -3.9% vs 2021
2023: €911k▼ -5.1% vs 2022
2024: €877k▼ -3.7% vs 2023
2025: €845k▼ -3.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€-22k▼ 16.2%
2024 · €-19k
2018: €-18k
2019: €169k▲ +1049% vs 2018highest in 8 years
2020: €-30k▼ -117% vs 2019
2021: €-40k▼ -34.8% vs 2020lowest in 8 years
2022: €-36k▲ +10.4% vs 2021
2023: €-36k▼ -1.1% vs 2022
2024: €-19k▲ +46.9% vs 2023
2025: €-22k▼ -16.2% vs 2024
2018 → 2025
Working capital
€-595k▲ 1.6%
2024 · €-605k
2018: €-472k
2019: €-352k▲ +25.4% vs 2018highest in 8 years
2020: €-460k▼ -30.6% vs 2019
2021: €-608k▼ -32.1% vs 2020
2022: €-612k▼ -0.7% vs 2021
2023: €-617k▼ -0.9% vs 2022lowest in 8 years
2024: €-605k▲ +1.9% vs 2023
2025: €-595k▲ +1.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€323k-€287k▼ 11.1%€251k▼ 12.6%€232k▼ 7.6%€210k▼ 9.6%
2021: €323khighest in 5 years
2022: €287k▼ -11.1% vs 2021
2023: €251k▼ -12.6% vs 2022
2024: €232k▼ -7.6% vs 2023
2025: €210k▼ -9.6% vs 2024lowest in 5 years
Operating result€-39k-€-30k▲ 23.4%€-36k▼ 21.3%€-19k▲ 46.8%€-22k▼ 16.3%
2021: €-39klowest in 5 years
2022: €-30k▲ +23.4% vs 2021
2023: €-36k▼ -21.3% vs 2022
2024: €-19k▲ +46.8% vs 2023highest in 5 years
2025: €-22k▼ -16.3% vs 2024
Net result€-40k-€-36k▲ 10.4%€-36k▼ 1.1%€-19k▲ 46.9%€-22k▼ 16.2%
2021: €-40klowest in 5 years
2022: €-36k▲ +10.4% vs 2021
2023: €-36k▼ -1.1% vs 2022
2024: €-19k▲ +46.9% vs 2023highest in 5 years
2025: €-22k▼ -16.2% vs 2024
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 stays negative: a loss of €22k in 2025 against €19k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €845k
Fixed assets
€805k ▼ 3.8%
Current assets
€40k ▼ 0.5%
Equity and liabilities €845k
Equity
€210k ▼ 9.6%
Debt
€635k ▼ 1.6%
Debt's share of the balance-sheet total rises from 73.6% to 75.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €13k
Cash flow
€10k▼
2024 · €13k
Current ratio
0.06▲
2024 · 0.06
Debt to equity
3.03▲
2024 · 2.78
ROE
-10.6%▼
2024 · -8.3%
ROA
-2.6%▼
2024 · -2.2%
Interest coverage
329.93▼
2024 · 425.19
Debt ≤ 1 year
€635k▼
2024 · €645k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€877k€845k▼
Fixed assets21/28€837k€805k▼
Tangible fixed assets22/27€837k€805k▼
Land and buildings22€835k€804k▼
Furniture and vehicles24€2k€712▼
Current assets29/58€40k€40k▼
Amounts receivable within one year40/41€0-
Other amounts receivable41€0-
Cash at bank and in hand54/58€40k€40k▼
Deferred charges and accrued income490/1€592€623▲
Equity and liabilities
Total equity and liabilities10/49€877k€845k▼
Equity10/15€232k€210k▼
Contributions10/11€262k€262k=
Capital10€262k€262k=
Issued capital100€262k€262k=
Reserves13€130k€130k=
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Distributable reserves133€104k€104k=
Profit (loss) carried forward14€-160k€-182k▼
Amounts payable17/49€645k€635k▼
Amounts payable within one year42/48€645k€635k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€644k€632k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€17k€14k▼
Operating profit (loss)9901€-19k€-22k▼
Financial charges65/66B€31€30▼
Recurring financial charges65€31€30▼
Profit (loss) for the period before taxes9903€-19k€-22k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-19k€-22k▼
Profit (loss) for the period to be appropriated9905€-19k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-160k€-182k▼
Profit (loss) brought forward from the previous period14P€-141k€-160k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €32k | €32k | €32k | €32k | ▼ 0.9% |
| Other operating charges640/8 | €4k | €3k | €3k | €4k | €4k | ▼ 0.2% |
| Non-recurring operating charges66A | - | - | €21 | €0 | - | - |
| Gross operating margin9900 | €-3k | €5k | €-713 | €17k | €14k | ▼ 20.1% |
| Operating profit (loss)9901 | €-39k | €-30k | €-36k | €-19k | €-22k | ▼ 16.3% |
| Financial charges65/66B | €1k | €120 | €33 | €31 | €30 | ▼ 4.0% |
| Recurring financial charges65 | €1k | €120 | €33 | €31 | €30 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €-40k | €-30k | €-36k | €-19k | €-22k | ▼ 16.2% |
| Income taxes67/77 | €111 | €6k | €92 | €0 | - | - |
| Profit (loss) for the period9904 | €-40k | €-36k | €-36k | €-19k | €-22k | ▼ 16.2% |
| Profit (loss) for the period to be appropriated9905 | €-40k | €-36k | €-36k | €-19k | €-22k | ▼ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €999k | €960k | €911k | €877k | €845k | ▼ 3.7% |
| Fixed assets21/28 | €930k | €899k | €868k | €837k | €805k | ▼ 3.8% |
| Tangible fixed assets22/27 | €930k | €899k | €868k | €837k | €805k | ▼ 3.8% |
| Land and buildings22 | €928k | €897k | €866k | €835k | €804k | ▼ 3.7% |
| Furniture and vehicles24 | €3k | €2k | €2k | €2k | €712 | ▼ 62.0% |
| Current assets29/58 | €69k | €61k | €43k | €40k | €40k | ▼ 0.5% |
| Amounts receivable within one year40/41 | €29k | €28k | €28k | €0 | - | - |
| Other amounts receivable41 | €29k | €28k | €28k | €0 | - | - |
| Cash at bank and in hand54/58 | €39k | €33k | €15k | €40k | €40k | ▼ 0.5% |
| Deferred charges and accrued income490/1 | €1k | €255 | €283 | €592 | €623 | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €999k | €960k | €911k | €877k | €845k | ▼ 3.7% |
| Equity10/15 | €323k | €287k | €251k | €232k | €210k | ▼ 9.6% |
| Contributions10/11 | €262k | €262k | €262k | €262k | €262k | = |
| Capital10 | €262k | €262k | €262k | €262k | €262k | = |
| Issued capital100 | €262k | €262k | €262k | €262k | €262k | = |
| Reserves13 | €130k | €130k | €130k | €130k | €130k | = |
| Non-distributable reserves130/1 | €26k | €26k | €26k | €26k | €26k | = |
| Legal reserve130 | €26k | €26k | €26k | €26k | €26k | = |
| Distributable reserves133 | €104k | €104k | €104k | €104k | €104k | = |
| Profit (loss) carried forward14 | €-69k | €-105k | €-141k | €-160k | €-182k | ▼ 13.9% |
| Amounts payable17/49 | €676k | €673k | €660k | €645k | €635k | ▼ 1.6% |
| Amounts payable within one year42/48 | €676k | €673k | €660k | €645k | €635k | ▼ 1.6% |
| Trade debts44 | €791 | €2k | €0 | €2k | €4k | ▲ 119% |
| Suppliers440/4 | €791 | €2k | €0 | €2k | €4k | ▲ 119% |
| Taxes, remuneration and social security45 | €375 | €5k | €54 | €0 | - | - |
| Taxes450/3 | €375 | €5k | €54 | €0 | - | - |
| Other amounts payable47/48 | €675k | €666k | €660k | €644k | €632k | ▼ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-40k | €-36k | €-36k | €-19k | €-22k | ▼ 16.2% |
| + Depreciation and write-downs630 | €32k | €32k | €32k | €32k | €32k | ▼ 0.9% |
| Operating cash flow (approximation) | €-8k | €-4k | €-4k | €13k | €10k | ▼ 25.6% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-6k | €-18k | €25k | €-215 | ▼ 101% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €169k
Net result €169k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
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 7 acts read
About the unread acts
We know of 7 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
7 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, Ieper · 1 establishment unit since 1991
Ground area
256 m²
Building footprint
256 m²
Volume, LiDAR
1,781 m³
Parcel 33304A0264/00A000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Reningestraat 3, 8900 Ieper
since 19912.053.334.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33304A0264/00A000 | Flanders | 256 m² | 1 · 256 m² | 11.2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,687 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.