KIR
Bankruptcy closedSignals
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+raises risk
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History
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Financials · fiscal year 2018, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15,755▲ 126%
2017 · €6,986
Working capital
-€6,023▲ 65.0%
2017 · -€17,231
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201620172018
Operating result€9,459-€10,521▲ 11.2%€16,169▲ 53.7%
Net result€4,166-€6,986▲ 67.7%€15,755▲ 126%
Equity€22,766-€29,752▲ 30.7%€1,108▼ 96.3%
Total assets€117,132-€185,984▲ 58.8%€135,435▼ 27.2%
Debt€94,367-€156,232▲ 65.6%€134,327▼ 14.0%
Working capital-€3,357--€17,231▼ 413%-€6,023▲ 65.0%
Staff (FTE)2.2-
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2018 is 54% above 2017 and is the highest result in the available series.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €135,435
Fixed assets
€40,293 ▼ 49.7%
Current assets
€95,142 ▼ 10.1%
Equity and liabilities €135,435
Equity
€1,108 ▼ 96.3%
Debt
€134,327 ▼ 14.0%
Debt's share of the balance-sheet total rises from 84.0% to 99.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€66,169▲
2017 · €19,306
Cash flow
€65,755▲
2017 · €15,771
Current ratio
0.94▲
2017 · 0.86
Debt to equity
29.93▲
2017 · 1.11
ROA
11.6%▲
2017 · 3.8%
Debt ≤ 1 year
€101,165▼
2017 · €123,071
Debt > 1 year
€33,162=
2017 · €33,162
A ratio outside any meaningful range has been withheld (balance sheet total €135,435, equity €1,108).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,792 | €8,785 | €50,000 | ▲ 469% |
| Gross operating margin9900 | €93,005 | €103,855 | €83,124 | ▼ 20.0% |
| Operating profit (loss)9901 | €9,459 | €10,521 | €16,169 | ▲ 53.7% |
| Recurring financial income75 | €1 | €0 | - | - |
| Recurring financial charges65 | €3,094 | €3,778 | €413 | ▼ 89.1% |
| Profit (loss) for the period before taxes9903 | €6,366 | €6,743 | €15,755 | ▲ 134% |
| Income taxes67/77 | €2,200 | -€243 | - | - |
| Profit (loss) for the period9904 | €4,166 | €6,986 | €15,755 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €4,166 | €6,986 | €15,755 | ▲ 126% |
| Line | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €117,132 | €185,984 | €135,435 | ▼ 27.2% |
| Fixed assets21/28 | €58,424 | €80,145 | €40,293 | ▼ 49.7% |
| Tangible fixed assets22/27 | €58,424 | €80,145 | €40,293 | ▼ 49.7% |
| Current assets29/58 | €58,708 | €105,839 | €95,142 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €44,252 | €103,329 | €87,956 | ▼ 14.9% |
| Cash at bank and in hand54/58 | €13,997 | - | €3,828 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €117,132 | €185,984 | €135,435 | ▼ 27.2% |
| Equity10/15 | €22,766 | €29,752 | €1,108 | ▼ 96.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €208 | €1,860 | €208 | ▼ 88.8% |
| Profit (loss) carried forward14 | €3,957 | €9,292 | -€17,700 | ▼ 290% |
| Amounts payable17/49 | €94,367 | €156,232 | €134,327 | ▼ 14.0% |
| Amounts payable after more than one year17 | €32,302 | €33,162 | €33,162 | = |
| Amounts payable within one year42/48 | €62,065 | €123,071 | €101,165 | ▼ 17.8% |
| Trade debts44 | €32,052 | €71,202 | €45,580 | ▼ 36.0% |
| Line | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,166 | €6,986 | €15,755 | ▲ 126% |
| + Depreciation and write-downs630 | €6,792 | €8,785 | €50,000 | ▲ 469% |
| Operating cash flow (approximation) | €10,958 | €15,771 | €65,755 | ▲ 317% |
| Investment in fixed assets (approximation) | - | -€30,506 | -€10,148 | ▲ 66.7% |
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
2026
17-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 01-09-2026
2021
13-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 15-12-2020
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 235 days late
2018
30-06
Financial
Highest result since 2016net €15,755 ▲126%
Operating result €16,169, net result €15,755, both a record.
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zaventem
Ground area
572 m²
Building footprint
71 m²
Volume, LiDAR
787 m³
Parcel 23772C0061/00D000, Flanders · tallest building 11.6 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772C0061/00D000 | Flanders | 572 m² | 1 · 71 m² | 11.6 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN NYSTEN Pegasuslaan 5, 1831 Diegem |
15-12-2020 → 01-09-2026 |