KMS WHEELS
ActiveSummary
KMS WHEELS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €729k and a net result of €155k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 45 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+9
Solvency83▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 2.52 in 2024; short-term debt: 22.2% and cash: 16.3% of total assets), and 42.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 84
Relative position
BE, all sectors
reference
Public administration and defence; compulsory social security (NACE 84)
about 85% fewer bankruptcies
← 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
57.7%
Return on assets
12.2%
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 27-08-2026, 27 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
27 d late
2024
28 d late
2023
61 d late
2022
42 d early
2021
22 d late
2019
52 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, abbreviated schema
Equity
€729k▲ 7.2%
2024 · €680k
2019: €6klowest value
2021: €468k
2022: €589k▲ +26.0% vs 2021
2023: €625k▲ +6.0% vs 2022
2024: €680k▲ +8.9% vs 2023
2025: €729k▲ +7.2% vs 2024highest value
2019 → 2025
Total assets
€1.26M▲ 5.0%
2024 · €1.20M
2019: €11klowest value
2021: €1.44M
2022: €1.51M▲ +5.0% vs 2021highest value
2023: €1.22M▼ -19.6% vs 2022
2024: €1.20M▼ -1.0% vs 2023
2025: €1.26M▲ +5.0% vs 2024
2019 → 2025
Net result
€155k▲ 170%
2024 · €57k
2019: €7klowest value
2021: €78k
2022: €124k▲ +58.0% vs 2021
2023: €37k▼ -70.3% vs 2022
2024: €57k▲ +55.5% vs 2023
2025: €155k▲ +170% vs 2024highest value
2019 → 2025
Working capital
€402k▲ 20.6%
2024 · €333k
2019: €6klowest value
2021: €26k
2022: €181k▲ +588% vs 2021
2023: €249k▲ +37.3% vs 2022
2024: €333k▲ +34.0% vs 2023
2025: €402k▲ +20.6% vs 2024highest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€468k-€589k▲ 26.0%€625k▲ 6.0%€680k▲ 8.9%€729k▲ 7.2%
2021: €468klowest in 5 years
2022: €589k▲ +26.0% vs 2021
2023: €625k▲ +6.0% vs 2022
2024: €680k▲ +8.9% vs 2023
2025: €729k▲ +7.2% vs 2024highest in 5 years
Operating result€115k-€187k▲ 63.1%€59k▼ 68.5%€89k▲ 51.2%€236k▲ 164%
2021: €115k
2022: €187k▲ +63.1% vs 2021
2023: €59k▼ -68.5% vs 2022lowest in 5 years
2024: €89k▲ +51.2% vs 2023
2025: €236k▲ +164% vs 2024highest in 5 years
Net result€78k-€124k▲ 58.0%€37k▼ 70.3%€57k▲ 55.5%€155k▲ 170%
2021: €78k
2022: €124k▲ +58.0% vs 2021
2023: €37k▼ -70.3% vs 2022lowest in 5 years
2024: €57k▲ +55.5% vs 2023
2025: €155k▲ +170% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 164% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€581k ▼ 10.6%
Current assets
€682k ▲ 23.4%
Equity and liabilities €1.26M
Equity
€729k ▲ 7.2%
Debt
€535k ▲ 2.2%
Debt's share of the balance-sheet total falls from 43.5% to 42.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€328k▲
2024 · €175k
Cash flow
€247k▲
2024 · €143k
Current ratio
2.44▼
2024 · 2.52
Quick ratio
0.98▼
2024 · 1.19
Debt to equity
0.73▼
2024 · 0.77
ROE
21.2%▲
2024 · 8.4%
ROA
12.2%▲
2024 · 4.8%
Interest coverage
23.76▲
2024 · 10.66
Debt ≤ 1 year
€280k▲
2024 · €220k
Debt > 1 year
€251k▼
2024 · €303k
Income taxes
€78k▲
2024 · €23k
Staff costs
€135k▲
2024 · €131k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.26M▲
Fixed assets21/28€650k€581k▼
Intangible fixed assets21€375k€315k▼
Tangible fixed assets22/27€275k€266k▼
Land and buildings22€272k€248k▼
Plant, machinery and equipment23€3k€18k▲
Current assets29/58€553k€682k▲
Stocks and contracts in progress3€292k€408k▲
Stocks30/36€292k€408k▲
Amounts receivable within one year40/41€86k€44k▼
Trade receivables40€27k€6k▼
Other amounts receivable41€59k€38k▼
Cash at bank and in hand54/58€168k€206k▲
Deferred charges and accrued income490/1€8k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.26M▲
Equity10/15€680k€729k▲
Contributions10/11€356k€356k=
Reserves13€324k€373k▲
Distributable reserves133€324k€373k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€523k€535k▲
Amounts payable after more than one year17€303k€251k▼
Financial debts170/4€303k€251k▼
Amounts payable within one year42/48€220k€280k▲
Current portion of amounts payable after more than one year42€52k€53k▲
Financial debts43€567€0▼
Credit institutions430/8€567€0▼
Trade debts44€53k€33k▼
Suppliers440/4€53k€33k▼
Advances received on contracts in progress46€8k€0▼
Taxes, remuneration and social security45€49k€64k▲
Taxes450/3€30k€53k▲
Remuneration and social security454/9€19k€10k▼
Other amounts payable47/48€56k€131k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€131k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€93k▲
Other operating charges640/8€7k€7k▼
Gross operating margin9900€312k€470k▲
Operating profit (loss)9901€89k€236k▲
Financial income75/76B€8k€11k▲
Recurring financial income75€8k€11k▲
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€80k€232k▲
Income taxes67/77€23k€78k▲
Profit (loss) for the period9904€57k€155k▲
Profit (loss) for the period to be appropriated9905€57k€155k▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€155k▲
Transfer from equity791/2-€106k
Transfer to equity691/2€56k€155k▲
To other reserves6921€56k€155k▲
Profit to be distributed694/7€2k€106k▲
Return on contributions (dividend)694€2k€106k▲
Social balance
Average headcount (FTE)90873.33.4▲
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €54k | €106k | €132k | €131k | €135k | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58k | €84k | €84k | €85k | €93k | ▲ 8.5% |
| Other operating charges640/8 | €4k | €5k | €6k | €7k | €7k | ▼ 1.8% |
| Gross operating margin9900 | €230k | €382k | €281k | €312k | €470k | ▲ 50.4% |
| Operating profit (loss)9901 | €115k | €187k | €59k | €89k | €236k | ▲ 164% |
| Financial income75/76B | €1k | €3k | €4k | €8k | €11k | ▲ 40.9% |
| Recurring financial income75 | €1k | €3k | €4k | €8k | €11k | ▲ 40.9% |
| Financial charges65/66B | €7k | €13k | €10k | €16k | €14k | ▼ 15.7% |
| Recurring financial charges65 | €7k | €13k | €10k | €16k | €14k | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | €109k | €177k | €53k | €80k | €232k | ▲ 189% |
| Income taxes67/77 | €31k | €54k | €16k | €23k | €78k | ▲ 234% |
| Profit (loss) for the period9904 | €78k | €124k | €37k | €57k | €155k | ▲ 170% |
| Profit (loss) for the period to be appropriated9905 | €78k | €124k | €37k | €57k | €155k | ▲ 170% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.44M | €1.51M | €1.22M | €1.20M | €1.26M | ▲ 5.0% |
| Fixed assets21/28 | €900k | €816k | €731k | €650k | €581k | ▼ 10.6% |
| Intangible fixed assets21 | €555k | €495k | €435k | €375k | €315k | ▼ 16.0% |
| Tangible fixed assets22/27 | €345k | €321k | €297k | €275k | €266k | ▼ 3.2% |
| Land and buildings22 | €343k | €319k | €296k | €272k | €248k | ▼ 8.7% |
| Plant, machinery and equipment23 | €2k | €1k | €962 | €3k | €18k | ▲ 448% |
| Current assets29/58 | €540k | €696k | €484k | €553k | €682k | ▲ 23.4% |
| Stocks and contracts in progress3 | €309k | €414k | €342k | €292k | €408k | ▲ 39.9% |
| Stocks30/36 | €309k | €414k | €342k | €292k | €408k | ▲ 39.9% |
| Amounts receivable within one year40/41 | €158 | €13k | €42k | €86k | €44k | ▼ 48.6% |
| Trade receivables40 | €158 | €13k | €14k | €27k | €6k | ▼ 75.8% |
| Other amounts receivable41 | - | - | €27k | €59k | €38k | ▼ 36.3% |
| Cash at bank and in hand54/58 | €229k | €267k | €98k | €168k | €206k | ▲ 23.1% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €8k | €23k | ▲ 210% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.44M | €1.51M | €1.22M | €1.20M | €1.26M | ▲ 5.0% |
| Equity10/15 | €468k | €589k | €625k | €680k | €729k | ▲ 7.2% |
| Contributions10/11 | €356k | €356k | €356k | €356k | €356k | = |
| Reserves13 | €112k | €233k | €269k | €324k | €373k | ▲ 15.0% |
| Distributable reserves133 | €112k | €233k | €269k | €324k | €373k | ▲ 15.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €972k | €923k | €591k | €523k | €535k | ▲ 2.2% |
| Amounts payable after more than one year17 | €459k | €407k | €356k | €303k | €251k | ▼ 17.4% |
| Financial debts170/4 | €459k | €407k | €356k | €303k | €251k | ▼ 17.4% |
| Amounts payable within one year42/48 | €513k | €515k | €235k | €220k | €280k | ▲ 27.5% |
| Current portion of amounts payable after more than one year42 | €51k | €51k | €52k | €52k | €53k | ▲ 1.2% |
| Financial debts43 | - | - | €229 | €567 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €229 | €567 | €0 | ▼ 100% |
| Trade debts44 | €30k | €81k | €51k | €53k | €33k | ▼ 38.8% |
| Suppliers440/4 | €30k | €81k | €51k | €53k | €33k | ▼ 38.8% |
| Advances received on contracts in progress46 | - | €18k | €4k | €8k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €66k | €97k | €54k | €49k | €64k | ▲ 29.6% |
| Taxes450/3 | €64k | €73k | €31k | €30k | €53k | ▲ 80.3% |
| Remuneration and social security454/9 | €2k | €23k | €23k | €19k | €10k | ▼ 47.6% |
| Other amounts payable47/48 | €367k | €268k | €73k | €56k | €131k | ▲ 134% |
| Accrued charges and deferred income492/3 | €29 | €30 | - | - | €4k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €124k | €37k | €57k | €155k | ▲ 170% |
| + Depreciation and write-downs630 | €58k | €84k | €84k | €85k | €93k | ▲ 8.5% |
| Operating cash flow (approximation) | €136k | €208k | €121k | €143k | €247k | ▲ 73.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | €-24k | ▼ 493% |
| Change in cash | - | €38k | €-170k | €70k | €39k | ▼ 44.6% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Highest result since 2019net €155k ▲170%
Operating result €236k, net result €155k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €589k ▲26%
3 profitable years in a row build equity to €589k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-12
Financial
Equity above €200kEq €468k ▲7,355%
2 profitable years in a row build equity to €468k.
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Middelkerke · 1 establishment unit since 2021
Ground area
2,682 m²
Building footprint
807 m²
Volume, LiDAR
4,355 m³
Parcel 35011A0424/00G000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KMS Dive Shop
since 20212.315.222.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011A0424/00G000 | Flanders | 2,682 m² | 1 · 807 m² | 7.9 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 146 companies in sector 84130 we hold annual accounts for 51. 30 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
Founded19-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
84130Public administration and defence; compulsory social security
18120Other printing
55900Accommodation
Scores and ratios are computed by Checked and are not a credit decision.