Kitwerken Elasticprof
ActiveSummary
The computed 12-month bankruptcy probability of Kitwerken Elasticprof is 2.0% (moderate). The 2025 annual accounts show equity of €97k and a net result of €54k. Equity is growing by ~76.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 27786 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+2
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 18.71 against 2.06 in 2024; short-term debt: 4.2% and cash: 41.8% of total assets), and 4.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
95.7%
Return on assets
52.7%
Age of the figures
9 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
53 d early
2024
31 d early
2023
51 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€97k▲ 114%
2024 · €45k
2023: €28k
2024: €45k
2023 → 2025
Total assets
€102k▲ 62.6%
2024 · €63k
2023: €45k
2024: €63k
2023 → 2025
Net result
€54k▲ 175%
2024 · €20k
2023: €27k
2024: €20k
2023 → 2025
Working capital
€76k▲ 317%
2024 · €18k
2023: €8k
2024: €18k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€28k-€45k▲ 64.4%€97k▲ 114%
Operating result€38k-€26k▼ 30.5%€71k▲ 170%
Net result€27k-€20k▼ 27.2%€54k▲ 175%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 170% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€22k ▼ 20.2%
Current assets
€80k ▲ 127%
Equity and liabilities €102k
Equity
€97k ▲ 114%
Debt
€4k ▼ 74.4%
Debt's share of the balance-sheet total falls from 27.5% to 4.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76k▲
2024 · €30k
Cash flow
€59k▲
2024 · €24k
Current ratio
18.71▲
2024 · 2.06
Quick ratio
18.27▲
2024 · 1.95
Debt to equity
0.05▼
2024 · 0.38
ROE
55.1%▲
2024 · 43.0%
ROA
52.7%▲
2024 · 31.2%
Interest coverage
61.34▲
2024 · 28.43
Debt ≤ 1 year
€4k▼
2024 · €17k
Income taxes
€16k▲
2024 · €6k
Staff costs
€3k▲
2024 · €3k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€63k€102k▲
Fixed assets21/28€27k€22k▼
Tangible fixed assets22/27€27k€22k▼
Plant, machinery and equipment23€16k€14k▼
Furniture and vehicles24€12k€8k▼
Current assets29/58€35k€80k▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€33k€33k▼
Trade receivables40€18k€20k▲
Other amounts receivable41€15k€13k▼
Cash at bank and in hand54/58€0€43k▲
Deferred charges and accrued income490/1€130€3k▲
Equity and liabilities
Total equity and liabilities10/49€63k€102k▲
Equity10/15€45k€97k▲
Contributions10/11€3k€3k=
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€18k€70k▲
Amounts payable17/49€17k€4k▼
Amounts payable within one year42/48€17k€4k▼
Current portion of amounts payable after more than one year42€8k€0▼
Financial debts43€1k€0▼
Credit institutions430/8€1k€0▼
Trade debts44€6k€421▼
Suppliers440/4€6k€421▼
Taxes, remuneration and social security45€344€3k▲
Taxes450/3€344€3k▲
Other amounts payable47/48€1k€1k▼
Accrued charges and deferred income492/3€123€122▼
Income statement
Code20242025
Remuneration, social security and pensions62€3k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€35k€81k▲
Operating profit (loss)9901€26k€71k▲
Financial income75/76B€383€511▲
Recurring financial income75€383€511▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€25k€70k▲
Income taxes67/77€6k€16k▲
Profit (loss) for the period9904€20k€54k▲
Profit (loss) for the period to be appropriated9905€20k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€71k▲
Profit (loss) brought forward from the previous period14P-€18k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€2k€2k▼
Return on contributions (dividend)694€2k€2k▼
The notes to these accounts (6 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €54k ▲175%
Operating result €71k, net result €54k, both a record.
31-12
Financial
Liquidity times 9current ratio 18.71
Current ratio from 2.06 to 18.71; short-term debt falls from €17k to €4k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €20k ▼27.2%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Truiden · 1 establishment unit since 2022
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.
Luikersteenweg 2393800 Sint-TruidenGround area
432 m²
Building footprint
201 m²
Volume, LiDAR
929 m³
Parcel 71009D0411/00V000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kitwerken Elasticprof
since 20222.339.569.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009D0411/00V000 | Flanders | 432 m² | 1 · 201 m² | 8.4 m · 1 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.
Similar companies · same sector, comparable size
DTRoof
BE 1002.699.193
Wervik · Eq €97,343
Dakwerken Beckaert
BE 0803.141.489
Zonnebeke · Eq €97,314
Dakwerken Mertens Sonny
BE 0693.932.654
Asse · Eq €97,403
Dermaut - Vanhees
BE 0662.395.578
Kalmthout · Eq €97,414
M B TOITURES SA
BE 0804.756.639
Froidchapelle · Eq €97,443
Of 11,135 companies in sector 43910 we hold annual accounts for 5,488. 4,811 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
Founded13-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.