Kitchen Pro
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 04-06-2026 PDF all 26 filings
Turnover
≈ €3.9m
Estimated: probably between €3.0m and €5.2m
Total assets
€1.8m▲ 159%
2024 · €678,731
Net result
€620,331▲ 200%
2024 · €206,977
Working capital
€1.1m▲ 149%
2024 · €431,194
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€641,376
▲ 137%
2025
20182025
Net result
€620,331
▲ 200%
2025
highest quarter of the sector
20182025
Equity
€1.1m
▲ 139%
2025
highest quarter of the sector
20182025
Total assets
€1.8m
▲ 159%
2025
highest quarter of the sector
20182025
Debt
€673,018
▲ 189%
2025
20182025
Working capital
€1.1m
▲ 149%
2025
highest quarter of the sector
20182025
Solvency
60.6%
▼ 5.1pp
2025
middle half of the sector
20182025
Current ratio
2.60
▼ 0.25
2025
middle half of the sector
20182025
Return on assets (ROA)
35.3%
▲ 4.8pp
2025
highest quarter of the sector
20182025
Staff (FTE)
9.8
▼ 32.9%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.7m--€0.2m▲ 76.9%-€0.03m▲ 83.3%€0.03m€0.3m▲ 954%€0.2m▼ 42.9%€0.3m▲ 38.6%€0.6m▲ 137%
Net result-€0.7m--€0.2m▲ 71.2%-€0.06mbelow the sector's middle half▲ 67.5%€0.001mbelow the sector's middle half€0.3mabove the sector's middle half▲ 447×€0.1mabove the sector's middle half▼ 56.8%€0.2mabove the sector's middle half▲ 53.5%€0.6mabove the sector's middle half▲ 200%
Equity-€0.6m--€0.8m▼ 32.7%-€0.9mbelow the sector's middle half▼ 8.0%-€0.9mbelow the sector's middle half▲ 0.1%-€0.5mbelow the sector's middle half▲ 36.4%-€0.4mbelow the sector's middle half▲ 24.7%€0.4mwithin the sector's middle half€1.1mabove the sector's middle half▲ 139%
Total assets€0.4m-€0.3m▼ 21.4%€0.3mbelow the sector's middle half▼ 22.7%€0.3mbelow the sector's middle half▲ 29.5%€0.8mwithin the sector's middle half▲ 154%€0.7mwithin the sector's middle half▼ 12.3%€0.7mwithin the sector's middle half▼ 8.7%€1.8mabove the sector's middle half▲ 159%
Debt€1.0m-€1.1m▲ 10.3%€1.1m▼ 1.1%€1.2m▲ 6.7%€1.4m▲ 16.9%€1.2m▼ 17.1%€0.2m▼ 79.8%€0.7m▲ 189%
Working capital-€0.7m--€0.02m▲ 96.6%-€0.1mbelow the sector's middle half▼ 390%-€0.05mbelow the sector's middle half▲ 56.7%€0.3mwithin the sector's middle half€0.3mwithin the sector's middle half▲ 21.5%€0.4mwithin the sector's middle half▲ 34.1%€1.1mabove the sector's middle half▲ 149%
Solvency-141.6%--239.2%▼ 97.6pp-334.3%below the sector's middle half▼ 95.0pp-257.8%below the sector's middle half▲ 76.5pp-64.5%below the sector's middle half▲ 193.4pp-55.3%below the sector's middle half▲ 9.1pp65.7%above the sector's middle half▲ 121.0pp60.6%within the sector's middle half▼ 5.1pp
Current ratio0.34-0.89▲ 0.560.48below the sector's middle half▼ 0.410.83below the sector's middle half▲ 0.361.50within the sector's middle half▲ 0.671.83within the sector's middle half▲ 0.322.85within the sector's middle half▲ 1.032.60within the sector's middle half▼ 0.25
Return on assets (ROA)-160.5%--58.9%▲ 101.6pp-24.8%below the sector's middle half▲ 34.2pp0.2%below the sector's middle half▲ 25.0pp36.9%above the sector's middle half▲ 36.7pp18.1%above the sector's middle half▼ 18.7pp30.5%above the sector's middle half▲ 12.3pp35.3%above the sector's middle half▲ 4.8pp
Staff (FTE)28.9-25.2▼ 12.8%21.8above the sector's middle half▼ 13.5%20above the sector's middle half▼ 8.3%24.9above the sector's middle half▲ 24.5%22.2above the sector's middle half▼ 10.8%14.6above the sector's middle half▼ 34.2%9.8above the sector's middle half▼ 32.9%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 137% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€12,835 ▼ 12.7%
Current assets
€1.7m ▲ 163%
Equity and liabilities €1.8m
Equity
€1.1m ▲ 139%
Provisions
€20,022
Debt
€673,018 ▲ 189%
Debt's share of the balance-sheet total rises from 34.3% to 38.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€643,502▲
2024 · €288,296
Cash flow
€622,456▲
2024 · €224,363
Debt to equity
0.63▲
2024 · 0.52
ROE
58.2%▲
2024 · 46.4%
Interest coverage
30.92▲
2024 · 4.51
Debt ≤ 1 year
€671,018▲
2024 · €232,826
Income taxes
€236▲
2024 · €230
Staff costs
€758,183▼
2024 · €990,643
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 22 | 27 | 22 | 12 | 9 |
| full-time | 20 | 22 | 17 | 11 | 8 |
| part-time | 2 | 5 | 5 | 1 | 1 |
| in full-time equivalents | 21.7 | 25.9 | 20.9 | 11.8 | 8.8 |
| Average over the year, in full-time equivalents | 20 | 24.9 | 22.2 | 14.6 | 9.8 |
| On a permanent contract | 21 | 26 | 21 | 11 | 8 |
| Joined | 7 | 7 | 0 | 1 | 3 |
| Left | 7 | 2 | 5 | 11 | 6 |
| Training hours | 1,896 | 412 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,889 | €15,165 | €1,022 | - | - |
| Financial fixed assets | - | - | - | - | €250 |
| Depreciation and write-downs of the year | €67,927 | €46,724 | €25,413 | €17,386 | €2,125 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · €28,442 awarded · €28,442 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 2 | €12,467 | €12,467 |
| 2022 | 1 | €15,975 | €15,975 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.5m | €1.4m | €1.0m | €0.8m | ▼ 23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.07m | €0.07m | €0.05m | €0.03m | €0.02m | €0.002m | ▼ 87.8% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €88 | ▼ 92.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.002m | - |
| Gross operating margin9900 | €1.1m | €1.5m | €1.2m | €1.3m | €1.9m | €1.6m | €1.3m | €1.4m | ▲ 9.6% |
| Operating profit (loss)9901 | -€0.7m | -€0.2m | -€0.03m | €0.03m | €0.3m | €0.2m | €0.3m | €0.6m | ▲ 137% |
| Financial income75/76B | - | - | - | €0 | €1 | €100 | €220 | €0 | ▼ 100.0% |
| Recurring financial income75 | €29 | €10 | €0.001m | €0 | €1 | €100 | €220 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €0.03m | €0.03m | €0.06m | €0.06m | €0.02m | ▼ 67.4% |
| Recurring financial charges65 | €0.02m | €0.04m | €0.04m | €0.03m | €0.03m | €0.06m | €0.06m | €0.02m | ▼ 67.4% |
| Profit (loss) for the period before taxes9903 | -€0.7m | -€0.2m | -€0.06m | €0.001m | €0.3m | €0.1m | €0.2m | €0.6m | ▲ 199% |
| Income taxes67/77 | €0.001m | €0.001m | €67 | €250 | -€48 | €414 | €230 | €236 | ▲ 2.8% |
| Profit (loss) for the period9904 | -€0.7m | -€0.2m | -€0.06m | €0.001m | €0.3m | €0.1m | €0.2m | €0.6m | ▲ 200% |
| Profit (loss) for the period to be appropriated9905 | -€0.7m | -€0.2m | -€0.06m | €0.001m | €0.3m | €0.1m | €0.2m | €0.6m | ▲ 200% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.3m | €0.3m | €0.3m | €0.8m | €0.7m | €0.7m | €1.8m | ▲ 159% |
| Fixed assets21/28 | €0.08m | €0.1m | €0.2m | €0.09m | €0.06m | €0.03m | €0.01m | €0.01m | ▼ 12.7% |
| Tangible fixed assets22/27 | €0.08m | €0.1m | €0.2m | €0.09m | €0.05m | €0.03m | €0.01m | €0.01m | ▼ 16.3% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €361 | €144 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.05m | €0.02m | €0.009m | €0.008m | ▼ 13.2% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.008m | €0.006m | €0.004m | €0.003m | ▼ 23.3% |
| Financial fixed assets28 | €0.004m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 15.0% |
| Current assets29/58 | €0.3m | €0.2m | €0.1m | €0.2m | €0.8m | €0.7m | €0.7m | €1.7m | ▲ 163% |
| Amounts receivable within one year40/41 | €0.3m | €0.08m | €0.06m | €0.1m | €0.7m | €0.5m | €0.4m | €0.3m | ▼ 25.8% |
| Trade receivables40 | - | - | - | €0.1m | €0.7m | €0.5m | €0.4m | €0.002m | ▼ 99.5% |
| Other amounts receivable41 | - | - | - | - | - | - | - | €0.3m | - |
| Current investments50/53 | €1 | €1 | €1 | €1 | €1 | €1 | €1 | €1 | = |
| Cash at bank and in hand54/58 | €0.08m | €0.1m | €0.04m | €0.1m | €0.07m | €0.2m | €0.2m | €1.4m | ▲ 535% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.005m | €0.009m | €0.008m | €0.002m | ▼ 78.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.3m | €0.3m | €0.3m | €0.8m | €0.7m | €0.7m | €1.8m | ▲ 159% |
| Equity10/15 | -€0.6m | -€0.8m | -€0.9m | -€0.9m | -€0.5m | -€0.4m | €0.4m | €1.1m | ▲ 139% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €1.0m | €1.0m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €1.0m | €1.0m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €1.0m | €1.0m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.9m | -€1.1m | -€1.2m | -€1.2m | -€0.9m | -€0.7m | -€0.5m | €0.09m | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €0.02m | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | - | €0.02m | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | - | €0.02m | - |
| Amounts payable17/49 | €1.0m | €1.1m | €1.1m | €1.2m | €1.4m | €1.2m | €0.2m | €0.7m | ▲ 189% |
| Amounts payable after more than one year17 | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.8m | - | - | - |
| Financial debts170/4 | - | - | - | €0.9m | €0.9m | €0.8m | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €0.2m | €0.2m | €0.3m | €0.5m | €0.4m | €0.2m | €0.7m | ▲ 188% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.06m | €0.1m | €0.05m | - | - |
| Trade debts44 | €0.8m | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | €0.1m | €0.6m | ▲ 343% |
| Suppliers440/4 | - | - | - | €0.1m | €0.3m | €0.2m | €0.1m | €0.6m | ▲ 343% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.1m | €0.06m | €0.1m | ▲ 88.2% |
| Taxes450/3 | - | - | - | €0.03m | €0.04m | €0.04m | €0.02m | €0.07m | ▲ 246% |
| Remuneration and social security454/9 | - | - | - | €0.08m | €0.1m | €0.06m | €0.04m | €0.04m | ▼ 2.3% |
| Accrued charges and deferred income492/3 | - | - | - | €277 | €356 | €0.005m | - | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.7m | -€0.2m | -€0.06m | €0.001m | €0.3m | €0.1m | €0.2m | €0.6m | ▲ 200% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.07m | €0.07m | €0.05m | €0.03m | €0.02m | €0.002m | ▼ 87.8% |
| Operating cash flow (approximation) | -€0.7m | -€0.2m | €0.005m | €0.07m | €0.4m | €0.2m | €0.2m | €0.6m | ▲ 177% |
| Investment in fixed assets (approximation) | - | -€0.09m | -€0.08m | -€0.003m | -€0.02m | -€0.001m | €0 | -€250 | - |
| Change in cash | - | €0.02m | -€0.06m | €0.09m | -€0.06m | €0.1m | €0.05m | €1.2m | ▲ 22× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as Kitchen Pro has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Kitchen Pro itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for Kitchen Pro. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 04-06-2026 | 2026-00140991 | |
| 31-12-2024 | abbreviated format | 09-06-2025 | 2025-00128972 | |
| 31-12-2023 | abbreviated format | 08-07-2024 | 2024-00221428 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00295895 | |
| 31-12-2021 | abbreviated format | 23-06-2022 | 2022-20090607 | |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-33300044 | |
| 31-12-2019 | abbreviated format | 28-07-2020 | 2020-35000300 | |
| 31-12-2018 | abbreviated format | 04-07-2019 | 2019-29200319 | |
| 31-12-2017 | abbreviated format | 11-06-2018 | 2018-18200568 | |
| 31-12-2016 | full format | 27-06-2017 | 2017-24800598 |