Summary
KIVAN 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 €251k and a net result of €-5k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 8048 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit check for your own amount and term
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 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
6 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
4 d early
2019
66 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€251k▼ 2.0%
2024 · €256k
2018: €315khighest in 8 years
2019: €309k▼ -1.9% vs 2018
2020: €286k▼ -7.4% vs 2019
2021: €265k▼ -7.4% vs 2020
2022: €241k▼ -9.2% vs 2021lowest in 8 years
2023: €264k▲ +9.6% vs 2022
2024: €256k▼ -2.8% vs 2023
2025: €251k▼ -2.0% vs 2024
2018 → 2025
Net result
€-5k▲ 30.3%
2024 · €-7k
2018: €58khighest in 8 years
2019: €-3k▼ -105% vs 2018
2020: €-24k▼ -780% vs 2019
2021: €-21k▲ +13.1% vs 2020
2022: €-25k▼ -16.2% vs 2021lowest in 8 years
2023: €23k▲ +194% vs 2022
2024: €-7k▼ -132% vs 2023
2025: €-5k▲ +30.3% vs 2024
2018 → 2025
Total assets
€260k▼ 3.0%
2024 · €268k
2018: €1.03Mhighest in 8 years
2019: €992k▼ -3.3% vs 2018
2020: €989k▼ -0.3% vs 2019
2021: €982k▼ -0.7% vs 2020
2022: €976k▼ -0.7% vs 2021
2023: €970k▼ -0.6% vs 2022
2024: €268k▼ -72.4% vs 2023
2025: €260k▼ -3.0% vs 2024lowest in 8 years
2018 → 2025
Solvency
96.6%▲ 1.0pp
2024 · 95.7%
2018: 30.7%
2019: 31.2%▲ +1.5% vs 2018
2020: 29.0%▼ -7.1% vs 2019
2021: 27.0%▼ -6.8% vs 2020
2022: 24.7%▼ -8.7% vs 2021lowest in 8 years
2023: 27.2%▲ +10.3% vs 2022
2024: 95.7%▲ +251% vs 2023
2025: 96.6%▲ +1.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2k
Equity€265k-€241k▼ 9.2%€264k▲ 9.6%€256k▼ 2.8%€251k▼ 2.0%
2021: €265khighest in 5 years
2022: €241k▼ -9.2% vs 2021lowest in 5 years
2023: €264k▲ +9.6% vs 2022
2024: €256k▼ -2.8% vs 2023
2025: €251k▼ -2.0% vs 2024
Operating result€-4k-€-6k▼ 37.7%€-5k▲ 10.4%€-8k▼ 44.8%€-6k▲ 21.7%
2021: €-4khighest in 5 years
2022: €-6k▼ -37.7% vs 2021
2023: €-5k▲ +10.4% vs 2022
2024: €-8k▼ -44.8% vs 2023lowest in 5 years
2025: €-6k▲ +21.7% vs 2024
Net result€-21k-€-25k▼ 16.2%€23k€-7k€-5k▲ 30.3%
2021: €-21k
2022: €-25k▼ -16.2% vs 2021lowest in 5 years
2023: €23k▲ +194% vs 2022highest in 5 years
2024: €-7k▼ -132% vs 2023
2025: €-5k▲ +30.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €8k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260k
Fixed assets
€250k ▼ 2.4%
Current assets
€10k ▼ 15.5%
Equity and liabilities €260k
Equity
€251k ▼ 2.0%
Provisions
€4k ▼ 20.0%
Debt
€5k ▼ 27.6%
Debt's share of the balance-sheet total falls from 2.6% to 1.9%. Equity and debt are lower.
Key figures and ratios
ROE
-2.1%▲
2024 · -2.9%
ROA
-2.0%▲
2024 · -2.8%
Debt ≤ 1 year
€5k▼
2024 · €6k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€268k€260k▼
Fixed assets21/28€256k€250k▼
Tangible fixed assets22/27€56k€50k▼
Land and buildings22€56k€50k▼
Financial fixed assets28€200k€200k=
Current assets29/58€12k€10k▼
Amounts receivable after more than one year29€5k€5k=
Other amounts receivable291€5k€5k=
Amounts receivable within one year40/41€7k€3k▼
Trade receivables40€2k€0▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€83€899▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€268k€260k▼
Equity10/15€256k€251k▼
Contributions10/11€40k€9k▼
Reserves13€266k€263k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€14k€11k▼
Distributable reserves133€252k€252k=
Profit (loss) carried forward14€-50k€-21k▲
Provisions and deferred taxes16€5k€4k▼
Deferred taxes168€5k€4k▼
Amounts payable17/49€7k€5k▼
Amounts payable within one year42/48€6k€5k▼
Trade debts44€3k€0▼
Suppliers440/4€3k€0▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€3k€5k▲
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Turnover70-€2k
Goods, raw materials, services and sundry goods60/61-€461
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€245€2k▲
Operating profit (loss)9901€-8k€-6k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€641€60▼
Recurring financial charges65€641€60▼
Profit (loss) for the period before taxes9903€-8k€-6k▲
Transfer from deferred taxes780€938€938=
Income taxes67/77€0-
Profit (loss) for the period9904€-7k€-5k▲
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€-5k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-52k▲
Profit (loss) brought forward from the previous period14P€-49k€-50k▼
Transfer from equity791/2€4k€31k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €2k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €461 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €6k | €6k | = |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 3.0% |
| Gross operating margin9900 | €3k | €2k | €3k | €245 | €2k | ▲ 710% |
| Operating profit (loss)9901 | €-4k | €-6k | €-5k | €-8k | €-6k | ▲ 21.7% |
| Financial income75/76B | - | - | €36k | €0 | - | - |
| Recurring financial income75 | - | - | €36k | €0 | - | - |
| Financial charges65/66B | €18k | €19k | €6k | €641 | €60 | ▼ 90.6% |
| Recurring financial charges65 | €18k | €19k | €6k | €641 | €60 | ▼ 90.6% |
| Profit (loss) for the period before taxes9903 | €-22k | €-25k | €25k | €-8k | €-6k | ▲ 26.9% |
| Transfer from deferred taxes780 | €938 | €938 | €938 | €938 | €938 | = |
| Income taxes67/77 | - | - | €3k | €0 | - | - |
| Profit (loss) for the period9904 | €-21k | €-25k | €23k | €-7k | €-5k | ▲ 30.3% |
| Transfer from tax-exempt reserves789 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-22k | €26k | €-5k | €-2k | ▲ 48.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €982k | €976k | €970k | €268k | €260k | ▼ 3.0% |
| Fixed assets21/28 | €975k | €969k | €963k | €256k | €250k | ▼ 2.4% |
| Tangible fixed assets22/27 | €75k | €69k | €63k | €56k | €50k | ▼ 11.1% |
| Land and buildings22 | €75k | €69k | €63k | €56k | €50k | ▼ 11.1% |
| Financial fixed assets28 | €900k | €900k | €900k | €200k | €200k | = |
| Current assets29/58 | €7k | €7k | €7k | €12k | €10k | ▼ 15.5% |
| Amounts receivable after more than one year29 | - | €5k | €5k | €5k | €5k | = |
| Other amounts receivable291 | - | €5k | €5k | €5k | €5k | = |
| Amounts receivable within one year40/41 | - | €2k | €2k | €7k | €3k | ▼ 57.9% |
| Trade receivables40 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €4k | €3k | ▼ 34.6% |
| Cash at bank and in hand54/58 | €6k | €4 | €2 | €83 | €899 | ▲ 982% |
| Deferred charges and accrued income490/1 | €1k | €0 | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €982k | €976k | €970k | €268k | €260k | ▼ 3.0% |
| Equity10/15 | €265k | €241k | €264k | €256k | €251k | ▼ 2.0% |
| Contributions10/11 | €40k | €40k | €40k | €40k | €9k | ▼ 78.5% |
| Reserves13 | €253k | €250k | €273k | €266k | €263k | ▼ 1.1% |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €0 | - | - |
| Reserves not available under the articles1311 | €4k | €4k | €4k | €0 | - | - |
| Tax-exempt reserves132 | €23k | €20k | €17k | €14k | €11k | ▼ 20.0% |
| Distributable reserves133 | €226k | €226k | €252k | €252k | €252k | = |
| Profit (loss) carried forward14 | €-27k | €-49k | €-49k | €-50k | €-21k | ▲ 58.5% |
| Provisions and deferred taxes16 | €8k | €7k | €6k | €5k | €4k | ▼ 20.0% |
| Deferred taxes168 | €8k | €7k | €6k | €5k | €4k | ▼ 20.0% |
| Amounts payable17/49 | €710k | €729k | €700k | €7k | €5k | ▼ 27.6% |
| Amounts payable after more than one year17 | €64k | €0 | - | - | - | - |
| Financial debts170/4 | €64k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €645k | €727k | €699k | €6k | €5k | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | €70k | €64k | €0 | - | - | - |
| Trade debts44 | - | €610 | €115 | €3k | €0 | ▼ 100% |
| Suppliers440/4 | - | €610 | €115 | €3k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €3k | €0 | - | - |
| Taxes450/3 | - | - | €3k | €0 | - | - |
| Other amounts payable47/48 | €575k | €663k | €696k | €3k | €5k | ▲ 65.6% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €1k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €-25k | €23k | €-7k | €-5k | ▲ 30.3% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €6k | €6k | = |
| Operating cash flow (approximation) | €-15k | €-18k | €29k | €-1k | €1k | ▲ 182% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €700k | €0 | ▼ 100% |
| Change in cash | - | €-6k | €-2 | €81 | €816 | ▲ 904% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Liquidity times 199current ratio 2.05
Current ratio from 0.01 to 2.05; short-term debt falls from €699k to €6k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €23k
Net result €23k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 41 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ieper · 1 establishment unit since 1996
Ground area
718 m²
Building footprint
213 m²
Volume, LiDAR
1,245 m³
Parcel 33304B0063/00D000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ZAKENKANTOOR KINO-VANDENABEELE
since 19962.075.409.327
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33304B0063/00D000 | Flanders | 718 m² | 1 · 213 m² | 9.0 m · 2 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 232 companies in sector 64190 we hold annual accounts for 109. 80 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
64190Financial service activities, except insurance and pension funding
64999Other financial services
66220Insurance agents and brokers
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.