Kisa
ActiveKisa has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €379k and a net result of €237k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 20% of 650 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-3
Solvency36▲+8
Growth65▼-16
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.65 in 2024; short-term debt: 61.8% and cash: 16.6% of total assets), but 88.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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
11.3%
Return on assets
7.1%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 650 sector peers (2025).
NBB · sector comparisonPosition among 650 sector peers
Solvency
better than 20%
← weakest
strongest →
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 €379k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
48 d late
2023
13 d early
2022
91 d late
2021
31 d late
2020
1 d early
2019
39 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.22M▲ 16.8%
2018 · €12.18M
2018: €12.18M
2018 → 2019
EBIT margin
2.8%=
2018 · 2.8%
2018: 2.8%
2018 → 2019
Net result
€237k▼ 41.5%
2024 · €405k
2018: €237k
2019: €280k
2020: €381k
2021: €565k
2022: €316k
2023: €288k
2024: €405k
2018 → 2025
Working capital
€1.20M▼ 25.9%
2024 · €1.61M
2018: €1.28M
2019: €1.66M
2020: €1.32M
2021: €1.18M
2022: €1.58M
2023: €1.92M
2024: €1.61M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€141k▲ 0.1%€142k▲ 0.6%€142k▲ 0.4%€379k▲ 166%
Operating result€756k-€398k▼ 47.4%€377k▼ 5.2%€530k▲ 40.6%€337k▼ 36.5%
Net result€565k-€316k▼ 44.0%€288k▼ 9.0%€405k▲ 40.6%€237k▼ 41.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.35M
Fixed assets
€82k▼ 30.7%
Current assets
€3.27M▼ 19.9%
Equity and liabilities €3.35M
Equity
€379k▲ 166%
Debt
€2.97M▼ 26.8%
The debt ratio falls from 96.6% to 88.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€378k▼
2024 · €576k
Cash flow
€278k▼
2024 · €450k
Solvency
11.3%▲
2024 · 3.4%
Current ratio
1.58▼
2024 · 1.65
Quick ratio
1.58▼
2024 · 1.65
Debt / equity
7.84▼
2024 · 28.50
ROE
62.4%▼
2024 · 284.2%
ROA
7.1%▼
2024 · 9.6%
Interest coverage
11.87▼
2024 · 21.27
Debt
€2.97M▼
2024 · €4.06M
Debt ≤ 1 year
€2.07M▼
2024 · €2.47M
Debt > 1 year
€5k=
2024 · €5k
Income taxes
€97k▼
2024 · €160k
Staff costs
€420k▲
2024 · €398k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.20M€3.35M▼
Fixed assets21/28€119k€82k▼
Intangible fixed assets21€47k€41k▼
Tangible fixed assets22/27€71k€40k▼
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€67k€34k▼
Financial fixed assets28€2k€2k=
Current assets29/58€4.08M€3.27M▼
Amounts receivable within one year40/41€3.40M€2.70M▼
Trade receivables40€3.22M€2.58M▼
Other amounts receivable41€181k€125k▼
Cash at bank and in hand54/58€656k€557k▼
Deferred charges and accrued income490/1€22k€9k▼
Equity and liabilities
Total equity and liabilities10/49€4.20M€3.35M▼
Equity10/15€142k€379k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€80k€317k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€74k€311k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€4.06M€2.97M▼
Amounts payable after more than one year17€5k€5k=
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€2.47M€2.07M▼
Financial debts43-€100k
Other loans439-€100k
Trade debts44€1.06M€931k▼
Suppliers440/4€1.06M€931k▼
Taxes, remuneration and social security45€48k€147k▲
Taxes450/3-€97k
Remuneration and social security454/9€48k€50k▲
Other amounts payable47/48€1.36M€893k▼
Accrued charges and deferred income492/3€1.59M€894k▼
Income statement
Code20242025
Non-recurring operating income76A€19k€0▼
Remuneration, social security and pensions62€398k€420k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€41k▼
Other operating charges640/8€16k€8k▼
Gross operating margin9900€990k€806k▼
Operating profit (loss)9901€530k€337k▼
Financial income75/76B€62k€29k▼
Recurring financial income75€62k€29k▼
Financial charges65/66B€27k€32k▲
Recurring financial charges65€27k€32k▲
Profit (loss) for the period before taxes9903€565k€334k▼
Income taxes67/77€160k€97k▼
Profit (loss) for the period9904€405k€237k▼
Profit (loss) for the period to be appropriated9905€405k€237k▼
Appropriation of the result
Profit (loss) to be appropriated9906€405k€237k▼
Transfer to equity691/2€584€237k▲
To other reserves6921€584€237k▲
Profit to be distributed694/7€404k€0▼
Return on contributions (dividend)694€404k€0▼
Social balance
Average headcount (FTE)90874.84.9▲
The notes to these accounts (19 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €237k ▼41.5%
Net result drops to €237k, the lowest in the series.
31-12
Financial
Equity above €200kEq €379k ▲166%
8 profitable years in a row build equity to €379k.
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 48 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €565k ▲48.3%
Operating result €756k, net result €565k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Antwerpen · 1 establishment unit since 2009
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.
Noorderlaan 792030 AntwerpenGround area
1.0 ha
Building footprint
4,496 m²
Volume, LiDAR
50,522 m³
Parcel 11807G1783/00D000, Flanders · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kisa
since 20092.177.806.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1783/00D000 | Flanders | 1.0 ha | 1 · 4,496 m² | 16.7 m · 4 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
2024 to 2025 · 2 entries · 1,350 EUR awarded · 1,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 1,350 EUR |
| 2024 | 1 | 1,350 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
2549004VSPKVCHH9I621
Similar companies · same sector, comparable size
FLIGHTWATCH
BE 0654.780.781
Jabbeke · Eq €379k
AUTOMOSANE
BE 0425.115.465
Heist-op-den-Berg · Eq €381k
GNR Operations
BE 0461.804.924
Zoersel · Eq €381k
TRAILER VERHUUR BELGIE
BE 0556.828.597
Antwerpen · Eq €377k
AVALON BELGIUM
BE 0899.819.015
Antwerpen · Eq €381k
Of 3,191 companies in sector 52250 we hold annual accounts for 1,956. 1,429 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-03-2009
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73110Advertising agencies
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:dkockx@kisa-agencies.com