Kiwis Can Fly
ActiveKiwis Can Fly has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €275k and a net result of €29k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 32.33 against 5.94 in 2024; short-term debt: 3% and cash: 84.2% of total assets), and 3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
97%
Return on assets
10.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
24 d late
2024
57 d early
2023
5 d late
2022
24 d late
2021
23 d late
2020
30 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€275k▲ 11.7%
2024 · €246k
2020: €91k
2021: €164k
2022: €224k
2023: €253k
2024: €246k
2020 → 2025
Total assets
€283k▼ 3.4%
2024 · €293k
2020: €138k
2021: €225k
2022: €273k
2023: €278k
2024: €293k
2020 → 2025
Net result
€29k▲ 0.2%
2024 · €29k
2020: €83k
2021: €73k
2022: €60k
2023: €29k
2024: €29k
2020 → 2025
Working capital
€268k▲ 14.6%
2024 · €234k
2020: €80k
2021: €150k
2022: €211k
2023: €242k
2024: €234k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€164k-€224k▲ 36.7%€253k▲ 13.0%€246k▼ 2.9%€275k▲ 11.7%
Operating result€100k-€86k▼ 13.9%€42k▼ 51.6%€40k▼ 2.9%€41k▲ 0.7%
Net result€73k-€60k▼ 17.0%€29k▼ 51.5%€29k▼ 1.7%€29k▲ 0.2%
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 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €283k
Fixed assets
€7k▼ 44.1%
Current assets
€276k▼ 1.6%
Equity and liabilities €283k
Equity
€275k▲ 11.7%
Debt
€9k▼ 81.9%
The debt ratio falls from 16.1% to 3.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▼
2024 · €49k
Cash flow
€36k▼
2024 · €38k
Solvency
97.0%▲
2024 · 83.9%
Current ratio
32.33▲
2024 · 5.94
Quick ratio
32.33▲
2024 · 5.94
Debt / equity
0.03▼
2024 · 0.19
ROE
10.5%▼
2024 · 11.7%
ROA
10.2%▲
2024 · 9.8%
Interest coverage
666.41▲
2024 · 196.18
Debt
€9k▼
2024 · €47k
Debt ≤ 1 year
€9k▼
2024 · €47k
Income taxes
€12k▲
2024 · €11k
Staff costs
€253▲
2024 · €246
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€293k€283k▼
Fixed assets21/28€12k€7k▼
Tangible fixed assets22/27€12k€7k▼
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€5k-
Current assets29/58€281k€276k▼
Amounts receivable within one year40/41€24k€38k▲
Trade receivables40€24k€38k▲
Other amounts receivable41€573€195▼
Cash at bank and in hand54/58€257k€239k▼
Equity and liabilities
Total equity and liabilities10/49€293k€283k▼
Equity10/15€246k€275k▲
Contributions10/11€8k€8k=
Reserves13€238k€267k▲
Distributable reserves133€238k€267k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€47k€9k▼
Amounts payable within one year42/48€47k€9k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€11k€5k▼
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€33k€708▼
Income statement
Code20242025
Remuneration, social security and pensions62€246€253▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€344€704▲
Gross operating margin9900€50k€49k▼
Operating profit (loss)9901€40k€41k▲
Financial charges65/66B€252€72▼
Recurring financial charges65€252€72▼
Profit (loss) for the period before taxes9903€40k€41k▲
Income taxes67/77€11k€12k▲
Profit (loss) for the period9904€29k€29k▲
Profit (loss) for the period to be appropriated9905€29k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€29k▼
Profit (loss) brought forward from the previous period14P€36k€0▼
Transfer to equity691/2€29k€29k▲
To other reserves6921€29k€29k▲
Profit to be distributed694/7€36k-
Return on contributions (dividend)694€36k-
The notes to these accounts (5 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Liquidity times 5current ratio 32.33
Current ratio from 5.94 to 32.33; short-term debt falls from €47k to €9k.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €29k ▼1.7%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 14.88
Current ratio from 6.23 to 14.88; short-term debt falls from €40k to €17k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Equity above €200kEq €224k ▲36.7%
3 profitable years in a row build equity to €224k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Equity above €150kEq €164k ▲79.4%
2 profitable years in a row build equity to €164k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
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, Hoogstraten · 1 establishment unit since 2019
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.
De Kampelaar 32320 HoogstratenGround area
876 m²
Building footprint
135 m²
Volume, LiDAR
621 m³
Parcel 13014D0111/00C002, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kiwis Can Fly
since 20192.296.868.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014D0111/00C002 | Flanders | 876 m² | 1 · 135 m² | 7.6 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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 38,571 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2019
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.kiwiscanfly.be
E-mail:kris.serrien@hotmail.com