KIVGUN
ActiveThe computed 12-month bankruptcy probability of KIVGUN is 1.7% (moderate). The 2025 annual accounts show equity of €40k and a net result of €502. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 78% of 18024 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
78
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-94
Solvency100=
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.15 against 2.85 in 2024), and 31.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
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
68.3%
Return on assets
0.9%
Age of the figures
8 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 12-05-2026, 80 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
80 d early
2024
29 d early
2023
56 d early
2022
69 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▲ 1.3%
2024 · €39k
2022: €13k
2023: €31k
2024: €39k
2022 → 2025
Total assets
€58k▼ 3.8%
2024 · €61k
2022: €20k
2023: €40k
2024: €61k
2022 → 2025
Net result
€502▼ 94.2%
2024 · €9k
2022: €7k
2023: €17k
2024: €9k
2022 → 2025
Working capital
€40k▲ 1.3%
2024 · €39k
2022: €13k
2023: €31k
2024: €39k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€13k-€31k▲ 130%€39k▲ 28.3%€40k▲ 1.3%
Operating result€9k-€22k▲ 135%€11k▼ 50.0%€6k▼ 41.7%
Net result€7k-€17k▲ 137%€9k▼ 49.9%€502▼ 94.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €58k
Equity
€40k▲ 1.3%
Debt
€18k▼ 13.1%
The debt ratio falls from 35.1% to 31.7%: equity grows while debt is paid down.
Key figures and ratios
Solvency
68.3%▲
2024 · 64.9%
Current ratio
3.15▲
2024 · 2.85
Quick ratio
1.56▼
2024 · 1.83
Debt / equity
0.46▼
2024 · 0.54
ROE
1.3%▼
2024 · 22.1%
ROA
0.9%▼
2024 · 14.3%
Debt
€18k▼
2024 · €21k
Debt ≤ 1 year
€18k▼
2024 · €21k
Income taxes
€6k▲
2024 · €2k
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€61k€58k▼
Current assets29/58€61k€58k▼
Stocks and contracts in progress3€22k€30k▲
Stocks30/36€22k€30k▲
Amounts receivable within one year40/41€31k€13k▼
Trade receivables40€20k€0▼
Other amounts receivable41€10k€13k▲
Cash at bank and in hand54/58€8k€15k▲
Deferred charges and accrued income490/1€80€147▲
Equity and liabilities
Total equity and liabilities10/49€61k€58k▼
Equity10/15€39k€40k▲
Contributions10/11€6k€6k=
Reserves13€33k€34k▲
Distributable reserves133€33k€34k▲
Amounts payable17/49€21k€18k▼
Amounts payable within one year42/48€21k€18k▼
Trade debts44€18k€13k▼
Suppliers440/4€18k€13k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€450€960▲
Income statement
Code20242025
Other operating charges640/8€2k€1k▼
Gross operating margin9900€13k€7k▼
Operating profit (loss)9901€11k€6k▼
Financial income75/76B€93€0▼
Recurring financial income75€93€0▼
Financial charges65/66B€187€207▲
Recurring financial charges65€187€207▲
Profit (loss) for the period before taxes9903€11k€6k▼
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€9k€502▼
Profit (loss) for the period to be appropriated9905€9k€502▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€502▼
Transfer to equity691/2€9k€502▼
To other reserves6921€9k€502▼
The notes to these accounts (4 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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €502 ▼94.2%
Net result drops to €502, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €17k ▲137%
Operating result €22k, net result €17k, both a record.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 2021
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.
Frans Beirenslaan 3232150 AntwerpenGround area
262 m²
Building footprint
141 m²
Volume, LiDAR
944 m³
Parcel 11007A0047/00F004, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kivgun
since 20212.324.082.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0047/00F004 | Flanders | 262 m² | 1 · 141 m² | 8.3 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.324.082.683
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BE 0525.835.020
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Of 10,409 companies in sector 47110 we hold annual accounts for 5,787. 4,511 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2021
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.