KNC FIRST
ActiveThe computed 12-month bankruptcy probability of KNC FIRST is 4.4% (elevated). The 2025 annual accounts show equity of €16k and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 4454 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
72
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-6
Solvency43▼-25
Growth85▲+7
Stability100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.93 in 2024), and 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
34.4%
Return on assets
16.4%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 7 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
28 d late
2022
29 d late
2021
17 d early
2020
59 d late
2019
66 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€67k▲ 122%
2024 · €30k
2024: €30k
2024 → 2025
EBIT margin
11.9%▼ 8.9pp
2024 · 20.8%
2024: 20.8%
2024 → 2025
Net result
€8k▲ 23.0%
2024 · €6k
2019: €-6k
2020: €-540
2021: €-8k
2024: €6k
2019 → 2025
Working capital
€-23k▼ 3,460%
2024 · €-640
2019: €1k
2020: €12k
2024: €-640
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€30k€67k▲ 122%
Equity€4k-€4k=€2k▼ 49.5%€9k▲ 283%€16k▲ 90.9%
Operating result€-8k-€6k€8k▲ 26.9%
Net result€-8k-€6k€8k▲ 23.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 27% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€39k▲ 326%
Current assets
€8k▼ 8.5%
Equity and liabilities €47k
Equity
€16k▲ 90.9%
Debt
€31k▲ 221%
The debt ratio rises from 53.1% to 65.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€17k▲
2024 · €9k
Cash flow
€16k▲
2024 · €9k
Solvency
34.4%▼
2024 · 46.9%
Current ratio
0.27▼
2024 · 0.93
Quick ratio
0.27▼
2024 · 0.93
Debt / equity
1.91▲
2024 · 1.13
ROE
47.6%▼
2024 · 73.9%
ROA
16.4%▼
2024 · 34.6%
Interest coverage
66.90
Debt
€31k▲
2024 · €10k
Debt ≤ 1 year
€31k▲
2024 · €10k
Staff costs
€5k
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€18k€47k▲
Fixed assets21/28€9k€39k▲
Tangible fixed assets22/27€9k€38k▲
Furniture and vehicles24€9k€38k▲
Financial fixed assets28-€562
Current assets29/58€9k€8k▼
Amounts receivable within one year40/41€3k€7k▲
Trade receivables40-€5k
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€18k€47k▲
Equity10/15€9k€16k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-10k€-2k▲
Amounts payable17/49€10k€31k▲
Amounts payable within one year42/48€10k€31k▲
Trade debts44-€371
Suppliers440/4-€371
Taxes, remuneration and social security45-€18k
Remuneration and social security454/9-€18k
Other amounts payable47/48€10k€13k▲
Income statement
Code20242025
Turnover70€30k€67k▲
Goods, raw materials, services and sundry goods60/61€20k€45k▲
Remuneration, social security and pensions62-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€9k▲
Other operating charges640/8€1k€812▼
Gross operating margin9900€10k€22k▲
Operating profit (loss)9901€6k€8k▲
Financial charges65/66B-€248
Recurring financial charges65-€248
Profit (loss) for the period before taxes9903€6k€8k▲
Profit (loss) for the period9904€6k€8k▲
Profit (loss) for the period to be appropriated9905€6k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-2k▲
Profit (loss) brought forward from the previous period14P€-16k€-10k▲
The notes to these accounts (7 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Highest result since 2019net €8k ▲23%
Operating result €8k, net result €8k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2018
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.
Kruisstraat 111050 ElseneGround area
77 m²
Building footprint
63 m²
Volume, LiDAR
876 m³
Parcel 21009A1033/00L004, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Kruisstraat 11, 1050 Elsene
since 20182.282.013.090
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A1033/00L004 | Brussels | 77 m² | 1 · 63 m² | 17.8 m · 5 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.
Similar companies · same sector, comparable size
Taxi Dominique
BE 1016.855.948
Ravels · Eq €16k
ELYSSA
BE 0748.670.942
Sint-Gillis (bij-Brussel) · Eq €16k
SAREH
BE 0876.978.384
Schaarbeek · Eq €16k
FTB COMPANY
BE 0767.627.910
Asse · Eq €16k
V.T.A.
BE 0685.960.244
Koekelberg · Eq €16k
Of 6,978 companies in sector 49320 we hold annual accounts for 2,683. 2,144 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-2018
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
49310Scheduled passenger transport by road
53100Postal and courier activities
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.