KINVAN
ActiveSummary
KINVAN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €476k and a net result of €44k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 91% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+2
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 30.91 against 27.71 in 2024; short-term debt: 1.9% and cash: 56.6% of total assets), and 4.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
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
95.2%
Return on assets
8.7%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year €476k
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
92 d early
2023
117 d early
2022
90 d early
2021
90 d early
2020
31 d early
2019
93 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
€476k▲ 10.1%
2024 · €433k
2018: €568k
2019: €568k
2020: €568k
2021: €601k
2022: €645k
2023: €399k
2024: €433k
2018 → 2025
Total assets
€500k▲ 10.1%
2024 · €454k
2018: €613k
2019: €608k
2020: €603k
2021: €628k
2022: €732k
2023: €419k
2024: €454k
2018 → 2025
Net result
€44k▲ 28.8%
2024 · €34k
2018: €23k
2019: €24k
2020: €19k
2021: €33k
2022: €44k
2023: €21k
2024: €34k
2018 → 2025
Working capital
€285k▲ 36.8%
2024 · €208k
2018: €120k
2019: €158k
2020: €218k
2021: €281k
2022: €372k
2023: €172k
2024: €208k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€601k-€645k▲ 7.4%€399k▼ 38.1%€433k▲ 8.5%€476k▲ 10.1%
Operating result€42k-€57k▲ 35.5%€27k▼ 52.1%€49k▲ 77.1%€61k▲ 25.3%
Net result€33k-€44k▲ 35.4%€21k▼ 53.5%€34k▲ 65.1%€44k▲ 28.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500k
Fixed assets
€206k ▼ 13.6%
Current assets
€295k ▲ 36.3%
Equity and liabilities €500k
Equity
€476k ▲ 10.1%
Debt
€24k ▲ 10.8%
Debt's share of the balance-sheet total stays at 4.8%.
Key figures and ratios
EBITDA
€93k▼
2024 · €96k
Cash flow
€76k▼
2024 · €81k
Current ratio
30.91▲
2024 · 27.71
Quick ratio
30.21▲
2024 · 26.47
Debt to equity
0.05▲
2024 · 0.05
ROE
9.2%▲
2024 · 7.8%
ROA
8.7%▲
2024 · 7.5%
Interest coverage
3411.73▼
2024 · 3987.81
Debt ≤ 1 year
€10k▲
2024 · €8k
Income taxes
€20k▲
2024 · €15k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€454k€500k▲
Fixed assets21/28€238k€206k▼
Tangible fixed assets22/27€238k€206k▼
Land and buildings22€216k€202k▼
Plant, machinery and equipment23€19k€414▼
Other tangible fixed assets26€4k€4k▼
Current assets29/58€216k€295k▲
Stocks and contracts in progress3€10k€7k▼
Stocks30/36€10k€7k▼
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€3k€2k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€203k€283k▲
Deferred charges and accrued income490/1€395€719▲
Equity and liabilities
Total equity and liabilities10/49€454k€500k▲
Equity10/15€433k€476k▲
Contributions10/11€233k€233k=
Reserves13€94k€138k▲
Distributable reserves133€94k€138k▲
Profit (loss) carried forward14€105k€105k=
Amounts payable17/49€22k€24k▲
Amounts payable within one year42/48€8k€10k▲
Trade debts44€804€8k▲
Suppliers440/4€804€8k▲
Taxes, remuneration and social security45€6k€9▼
Taxes450/3€6k€9▼
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3€14k€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€32k▼
Other operating charges640/8€18k€18k▲
Gross operating margin9900€113k€111k▼
Operating profit (loss)9901€49k€61k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€24€27▲
Recurring financial charges65€24€27▲
Profit (loss) for the period before taxes9903€48k€64k▲
Income taxes67/77€15k€20k▲
Profit (loss) for the period9904€34k€44k▲
Profit (loss) for the period to be appropriated9905€34k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€139k€149k▲
Profit (loss) brought forward from the previous period14P€105k€105k=
Transfer to equity691/2€34k€44k▲
To other reserves6921€34k€44k▲
The notes to these accounts (4 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 27.38
Current ratio from 6.05 to 27.38; short-term debt falls from €74k to €7k.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €44k ▲35.4%
Net result €44k, the highest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €19k ▼21.8%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Waregem · 1 establishment unit since 2001
Ground area
5,448 m²
Building footprint
5,274 m²
Volume, LiDAR
32,743 m³
Parcel 34006A0117/00Z003, Flanders · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
KINVAN
since 20012.100.116.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0117/00Z003 | Flanders | 5,448 m² | 1 · 5,274 m² | 16.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,582 EUR awarded · 1,582 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 389 EUR | 389 EUR |
| 2024 | 1 | 389 EUR | 389 EUR |
| 2023 | 1 | 378 EUR | 378 EUR |
| 2022 | 1 | 426 EUR | 426 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 814 companies in sector 35110 we hold annual accounts for 630. 429 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
Founded29-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.