Summary
KISACO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €750,686 and a net result of €131,840. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 8211 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-11-2025, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
75 d early
2024
99 d early
2023
23 d early
2022
68 d early
2021
63 d early
2020
59 d early
2019
98 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 69 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 24 November (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€750,686▲ 16.6%
2024 · €643,846
Net result
€131,840▼ 42.4%
2024 · €228,719
Total assets
€785,512▲ 17.3%
2024 · €669,818
Solvency
95.6%▼ 0.6pp
2024 · 96.1%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€128,018▲ 55.2%€126,949▼ 0.8%€120,890▼ 4.8%€301,739▲ 150%€189,305▼ 37.3%
Net result€95,150above the sector's middle half▲ 54.9%€91,980above the sector's middle half▼ 3.3%€87,513above the sector's middle half▼ 4.9%€228,719above the sector's middle half▲ 161%€131,840above the sector's middle half▼ 42.4%
Equity€295,634within the sector's middle half▲ 9.9%€387,614within the sector's middle half▲ 31.1%€440,127above the sector's middle half▲ 13.5%€643,846above the sector's middle half▲ 46.3%€750,686above the sector's middle half▲ 16.6%
Total assets€325,908within the sector's middle half▲ 11.4%€421,240within the sector's middle half▲ 29.3%€476,115within the sector's middle half▲ 13.0%€669,818within the sector's middle half▲ 40.7%€785,512within the sector's middle half▲ 17.3%
Debt€30,274▲ 29.0%€33,627▲ 11.1%€35,988▲ 7.0%€25,971▼ 27.8%€34,825▲ 34.1%
Working capital€256,020above the sector's middle half▼ 2.3%€343,265above the sector's middle half▲ 34.1%€395,696above the sector's middle half▲ 15.3%€353,560above the sector's middle half▼ 10.6%€371,853above the sector's middle half▲ 5.2%
Solvency90.7%above the sector's middle half▼ 1.3pp92.0%above the sector's middle half▲ 1.3pp92.4%above the sector's middle half▲ 0.4pp96.1%above the sector's middle half▲ 3.7pp95.6%above the sector's middle half▼ 0.6pp
Current ratio9.47above the sector's middle half▼ 3.0611.22above the sector's middle half▲ 1.7612.00above the sector's middle half▲ 0.7714.61above the sector's middle half▲ 2.6211.68above the sector's middle half▼ 2.94
Return on assets (ROA)29.2%above the sector's middle half▲ 8.2pp21.8%within the sector's middle half▼ 7.4pp18.4%within the sector's middle half▼ 3.5pp34.1%above the sector's middle half▲ 15.8pp16.8%within the sector's middle half▼ 17.4pp
Staff (FTE)1=1=0.8▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €785,512
Fixed assets
€378,833 ▲ 30.5%
Current assets
€406,679 ▲ 7.2%
Equity and liabilities €785,512
Equity
€750,686 ▲ 16.6%
Debt
€34,825 ▲ 34.1%
Debt's share of the balance-sheet total rises from 3.9% to 4.4%. Equity and debt are higher.
Key figures and ratios
ROE
17.6%▼
2024 · 35.5%
Debt ≤ 1 year
€34,825▲
2024 · €25,971
Income taxes
€56,218▼
2024 · €72,184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €28 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €28,801 | €39,885 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,661 | €5,734 | €6,280 | €11,399 | €16,068 | ▲ 41.0% |
| Other operating charges640/8 | - | €262 | €1,639 | €572 | €10,664 | ▲ 1,765% |
| Gross operating margin9900 | €160,989 | €161,747 | €168,694 | €313,710 | €216,037 | ▼ 31.1% |
| Operating profit (loss)9901 | €128,018 | €126,949 | €120,890 | €301,739 | €189,305 | ▼ 37.3% |
| Financial income75/76B | - | €935 | €1,225 | €837 | €687 | ▼ 17.9% |
| Recurring financial income75 | €1,172 | €935 | €1,225 | €837 | €687 | ▼ 17.9% |
| Financial charges65/66B | - | €1,569 | €1,959 | €1,673 | €1,934 | ▲ 15.6% |
| Recurring financial charges65 | €1,522 | €1,569 | €1,959 | €1,673 | €1,934 | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €127,669 | €126,315 | €120,157 | €300,903 | €188,058 | ▼ 37.5% |
| Income taxes67/77 | €32,519 | €34,335 | €32,644 | €72,184 | €56,218 | ▼ 22.1% |
| Profit (loss) for the period9904 | €95,150 | €91,980 | €87,513 | €228,719 | €131,840 | ▼ 42.4% |
| Profit (loss) for the period to be appropriated9905 | €95,150 | €91,980 | €87,513 | €228,719 | €131,840 | ▼ 42.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325,908 | €421,240 | €476,115 | €669,818 | €785,512 | ▲ 17.3% |
| Fixed assets21/28 | €39,660 | €44,404 | €44,431 | €290,286 | €378,833 | ▲ 30.5% |
| Tangible fixed assets22/27 | €39,470 | €44,214 | €44,241 | €290,096 | €378,643 | ▲ 30.5% |
| Land and buildings22 | - | €3,835 | €3,819 | €254,947 | €348,592 | ▲ 36.7% |
| Plant, machinery and equipment23 | - | - | - | - | €942 | - |
| Furniture and vehicles24 | - | €15,800 | €18,765 | €16,416 | €13,298 | ▼ 19.0% |
| Other tangible fixed assets26 | - | €24,579 | €21,656 | €18,733 | €15,810 | ▼ 15.6% |
| Financial fixed assets28 | €190 | €190 | €190 | €190 | €190 | = |
| Current assets29/58 | €286,248 | €376,836 | €431,684 | €379,532 | €406,679 | ▲ 7.2% |
| Amounts receivable within one year40/41 | €69,085 | €56,092 | €90,686 | €61,244 | €54,636 | ▼ 10.8% |
| Trade receivables40 | - | €3,084 | €60,889 | €38,319 | €37,209 | ▼ 2.9% |
| Other amounts receivable41 | - | €53,007 | €29,797 | €22,925 | €17,427 | ▼ 24.0% |
| Cash at bank and in hand54/58 | €213,375 | €311,104 | €336,634 | €314,158 | €346,526 | ▲ 10.3% |
| Deferred charges and accrued income490/1 | - | €9,640 | €4,363 | €4,129 | €5,517 | ▲ 33.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325,908 | €421,240 | €476,115 | €669,818 | €785,512 | ▲ 17.3% |
| Equity10/15 | €295,634 | €387,614 | €440,127 | €643,846 | €750,686 | ▲ 16.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €156,860 | €196,860 | €211,860 | €236,860 | €261,860 | ▲ 10.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €195,000 | €210,000 | €235,000 | €260,000 | ▲ 10.6% |
| Profit (loss) carried forward14 | €132,574 | €184,554 | €222,067 | €400,786 | €482,626 | ▲ 20.4% |
| Amounts payable17/49 | €30,274 | €33,627 | €35,988 | €25,971 | €34,825 | ▲ 34.1% |
| Amounts payable within one year42/48 | €30,228 | €33,572 | €35,988 | €25,971 | €34,825 | ▲ 34.1% |
| Trade debts44 | €1,440 | €12,674 | €353 | €2,573 | €3,838 | ▲ 49.2% |
| Suppliers440/4 | - | €12,674 | €353 | €2,573 | €3,838 | ▲ 49.2% |
| Taxes, remuneration and social security45 | - | €19,339 | €35,541 | €22,871 | €30,544 | ▲ 33.5% |
| Taxes450/3 | - | €18,193 | €31,748 | €22,506 | €30,544 | ▲ 35.7% |
| Remuneration and social security454/9 | - | €1,147 | €3,793 | €364 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €1,559 | €94 | €528 | €443 | ▼ 16.0% |
| Accrued charges and deferred income492/3 | - | €55 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,150 | €91,980 | €87,513 | €228,719 | €131,840 | ▼ 42.4% |
| + Depreciation and write-downs630 | €2,661 | €5,734 | €6,280 | €11,399 | €16,068 | ▲ 41.0% |
| Operating cash flow (approximation) | €97,811 | €97,714 | €93,794 | €240,118 | €147,908 | ▼ 38.4% |
| Investment in fixed assets (approximation) | - | -€10,478 | -€6,307 | -€257,254 | -€104,615 | ▲ 59.3% |
| Change in cash | - | €97,729 | €25,530 | -€22,476 | €32,368 | ▲ 244% |
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
28-09
State Gazette act
General meeting · Director resignation
Permanent representative · Board meeting
28-09
State Gazette act
General meeting · Director resignation
Permanent representative · Board meeting
02-09
State Gazette act
General meeting · Director resignation
Permanent representative · Power of attorney
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €228,719 ▲161%
Operating result €301,739, net result €228,719, both a record.
30-06
Financial
Equity above €500,000Eq €643,846 ▲46.3%
6 profitable years in a row build equity to €643,846.
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2013
Ground area
414 m²
Building footprint
310 m²
Volume, LiDAR
4,063 m³
Parcel 21016B0422/00P014, Brussels · tallest building 26.4 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
KISACO
since 20132.223.809.627
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0422/00P014 | Brussels | 414 m² | 1 · 310 m² | 26.4 m · 5 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 24,721 companies in this sector we hold annual accounts for 19,804. 13,246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-08-2013
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537657736
Also
9925:BE0537657736
Registered
06-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.