KLEIN
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 17 filings
Turnover
€200▼ 96.9%
2021 · €6,500
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€46,366▲ 5.7%
2024 · -€49,190
Working capital
-€749,198▼ 6.6%
2024 · -€702,832
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€11,878
▼ 8.8%
2025
20182025
Net result
-€46,366
▲ 5.7%
2025
20182025
Equity
-€749,198
▼ 6.6%
2025
20182025
Total assets
€5,913
▼ 87.4%
2025
20182025
Debt
€755,111
▲ 0.7%
2025
20182025
Working capital
-€749,198
▼ 6.6%
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€2.9m-€1.8m▼ 40.3%€0.5m▼ 71.6%€0.007m▼ 98.7%€200▼ 96.9%
Operating result-€0.05m--€0.1m▼ 144%-€0.06m▲ 48.8%-€0.06m▲ 10.8%-€0.03m▲ 50.1%-€0.02m▲ 38.5%-€0.01m▲ 36.2%-€0.01m▼ 8.8%
Net result-€0.07m--€0.1m▼ 102%-€0.08m▲ 40.5%-€0.08m▲ 5.6%-€0.05m▲ 31.5%-€0.05m▼ 0.2%-€0.05m▲ 9.1%-€0.05m▲ 5.7%
Equity-€0.2m--€0.4m▼ 57.8%-€0.5m▼ 21.8%-€0.5m▼ 16.9%-€0.6m▼ 9.9%-€0.7m▼ 9.0%-€0.7m▼ 7.5%-€0.7m▼ 6.6%
Total assets€0.7m-€0.4m▼ 42.7%€0.2m▼ 39.1%€0.06m▼ 73.9%€0.04m▼ 34.8%€0.04m▲ 11.7%€0.05m▲ 5.0%€0.006m▼ 87.4%
Debt€0.9m-€0.8m▼ 16.0%€0.7m▼ 8.8%€0.6m▼ 13.6%€0.6m▲ 5.4%€0.7m▲ 9.2%€0.7m▲ 7.4%€0.8m▲ 0.7%
Working capital-€0.2m--€0.4m▼ 56.1%-€0.5m▼ 21.0%-€0.5m▼ 16.1%-€0.6m▼ 9.8%-€0.7m▼ 9.0%-€0.7m▼ 7.5%-€0.7m▼ 6.6%
Staff (FTE)4.8-3.1▼ 35.4%
The operating result for 2025 is a loss of €11,878, larger than the loss of €10,918 in 2024.
Key figures and ratios
Current ratio
0.01▼
2024 · 0.06
ROA
-784.1%▼
2024 · -104.8%
Debt ≤ 1 year
€755,111▲
2024 · €749,765
Supplier credit
428 days▼
2024 · 482 days
A ratio outside any meaningful range has been withheld (balance sheet total €5,913, equity -€749,198).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €2.9m | €1.8m | €0.5m | €0.007m | €200 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.06m | €0.04m | €0.01m | €0.01m | €0.01m | ▲ 3.7% |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €163 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.004m | €0.002m | €0.001m | €0.001m | €269 | €20 | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.006m | €0.001m | €0.001m | ▲ 122% |
| Non-recurring operating charges66A | - | - | - | €0.002m | - | - | - | - | - |
| Gross operating margin9900 | €0.2m | €0.06m | -€0.06m | -€0.05m | -€0.03m | -€0.01m | -€0.01m | -€0.01m | ▼ 3.7% |
| Operating profit (loss)9901 | -€0.05m | -€0.1m | -€0.06m | -€0.06m | -€0.03m | -€0.02m | -€0.01m | -€0.01m | ▼ 8.8% |
| Recurring financial income75 | €0.001m | €12 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.03m | €0.04m | €0.04m | €0.03m | ▼ 9.9% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | €0.04m | €0.04m | €0.03m | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | -€0.07m | -€0.1m | -€0.08m | -€0.08m | -€0.05m | -€0.05m | -€0.05m | -€0.05m | ▲ 5.7% |
| Income taxes67/77 | €0.001m | -€73 | €398 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€0.07m | -€0.1m | -€0.08m | -€0.08m | -€0.05m | -€0.05m | -€0.05m | -€0.05m | ▲ 5.7% |
| Profit (loss) for the period to be appropriated9905 | -€0.07m | -€0.1m | -€0.08m | -€0.08m | -€0.05m | -€0.05m | -€0.05m | -€0.05m | ▲ 5.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €673,538 | €386,274 | €235,421 | €61,405 | €40,021 | €44,710 | €46,933 | €5,913 | ▼ 87.4% |
| Formation expenses20 | €359 | €150 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €8,224 | €5,340 | €3,695 | €868 | €289 | €20 | - | - | - |
| Tangible fixed assets22/27 | €7,724 | €4,840 | €3,195 | €868 | €289 | €20 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €10 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €858 | €289 | €20 | - | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | - | - | - | - | - | - |
| Current assets29/58 | €664,954 | €380,784 | €231,727 | €60,538 | €39,732 | €44,690 | €46,933 | €5,913 | ▼ 87.4% |
| Amounts receivable within one year40/41 | €621,163 | €362,992 | €188,442 | €50,581 | €35,596 | €40,111 | €42,571 | €616 | ▼ 98.6% |
| Trade receivables40 | - | - | - | €14,268 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €36,313 | €35,596 | €40,111 | €42,571 | €616 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €40,080 | €14,318 | €42,814 | €9,940 | €4,110 | €4,562 | €4,003 | €5,194 | ▲ 29.8% |
| Deferred charges and accrued income490/1 | - | - | - | €17 | €27 | €17 | €359 | €103 | ▼ 71.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €673,538 | €386,274 | €235,421 | €61,405 | €40,021 | €44,710 | €46,933 | €5,913 | ▼ 87.4% |
| Equity10/15 | -€242,916 | -€383,225 | -€466,734 | -€545,526 | -€599,530 | -€653,643 | -€702,832 | -€749,198 | ▼ 6.6% |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | - | - | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | - | - | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Reserves13 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Non-distributable reserves130/1 | - | - | - | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Legal reserve130 | - | - | - | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Profit (loss) carried forward14 | -€312,216 | -€452,525 | -€536,034 | -€614,826 | -€668,830 | -€722,943 | -€772,132 | -€818,498 | ▼ 6.0% |
| Amounts payable17/49 | €916,454 | €769,499 | €702,155 | €606,931 | €639,551 | €698,353 | €749,765 | €755,111 | ▲ 0.7% |
| Amounts payable within one year42/48 | €913,934 | €769,499 | €702,155 | €606,931 | €639,551 | €698,353 | €749,765 | €755,111 | ▲ 0.7% |
| Trade debts44 | €848,858 | €488,718 | €190,958 | €10,337 | €17,849 | €11,914 | €13,337 | €12,284 | ▼ 7.9% |
| Suppliers440/4 | - | - | - | €10,337 | €17,849 | €11,914 | €13,337 | €12,284 | ▼ 7.9% |
| Other amounts payable47/48 | - | - | - | €596,594 | €621,702 | €686,439 | €736,428 | €742,827 | ▲ 0.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€69,413 | -€140,309 | -€83,509 | -€78,792 | -€54,004 | -€54,113 | -€49,190 | -€46,366 | ▲ 5.7% |
| + Depreciation and write-downs630 | €11,094 | €3,803 | €1,516 | €806 | €579 | €269 | €20 | - | - |
| Operating cash flow (approximation) | -€58,319 | -€136,506 | -€81,993 | -€77,985 | -€53,425 | -€53,844 | -€49,170 | -€46,366 | ▲ 5.7% |
| Investment in fixed assets (approximation) | - | -€920 | €130 | €2,021 | €0 | €0 | - | - | - |
| Change in cash | - | -€25,762 | €28,497 | -€32,875 | -€5,830 | €453 | -€559 | €1,191 | - |
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, 6,907 companies had the same profile as KLEIN has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KLEIN itself is lower: 0.4% within 12 months. It rests on far more data about KLEIN than the profile alone.
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 6,907 companies, not a prediction for KLEIN. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00344669 | |
| 31-12-2024 | abbreviated format | 22-08-2025 | 2025-00400605 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00432832 | |
| 31-12-2022 | abbreviated format | 08-08-2023 | 2023-00319251 | |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20251155 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34500118 | |
| 31-12-2019 | abbreviated format | 09-07-2020 | 2020-28400163 | |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-22500493 | |
| 31-12-2017 | abbreviated format | 27-07-2018 | 2018-39600177 | |
| 31-12-2016 | full format | 06-07-2017 | 2017-28900300 |