KNITWOOD
ActiveSummary
KNITWOOD has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50k and a net result of €2k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 44% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+10
Solvency82▼-7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 2.01 in 2023; short-term debt: 35.9% and cash: 8.1% of total assets), and 43.4% of the assets are financed with debt.
Credit advice 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.6%
Return on assets
2.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
1 d early
2022
28 d early
2021
20 d early
2020
36 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€50k▲ 4.1%
2023 · €48k
2018: €51k
2019: €48k
2020: €35k
2021: €38k
2022: €52k
2023: €48k
2018 → 2024
Total assets
€89k▲ 16.9%
2023 · €76k
2018: €86k
2019: €74k
2020: €53k
2021: €75k
2022: €86k
2023: €76k
2018 → 2024
Net result
€2k
2023 · €-4k
2018: €-11k
2019: €-4k
2020: €-12k
2021: €3k
2022: €15k
2023: €-4k
2018 → 2024
Working capital
€25k▼ 9.0%
2023 · €28k
2018: €18k
2019: €19k
2020: €8k
2021: €27k
2022: €33k
2023: €28k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€38k▲ 6.6%€52k▲ 39.2%€48k▼ 8.1%€50k▲ 4.1%
Operating result€-12k-€3k€17k▲ 463%€-4k€3k
Net result€-12k-€3k€15k▲ 479%€-4k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€32k ▲ 54.4%
Current assets
€57k ▲ 3.1%
Equity and liabilities €89k
Equity
€50k ▲ 4.1%
Debt
€38k ▲ 39.3%
Debt's share of the balance-sheet total rises from 36.4% to 43.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2023 · €2k
Cash flow
€8k▲
2023 · €2k
Current ratio
1.80▼
2023 · 2.01
Debt to equity
0.77▲
2023 · 0.57
ROE
4.0%▲
2023 · -8.8%
ROA
2.2%▲
2023 · -5.6%
Interest coverage
24.76▲
2023 · 7.28
Debt ≤ 1 year
€32k▲
2023 · €28k
Debt > 1 year
€7k
Income taxes
€294▲
2023 · €175
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€76k€89k▲
Fixed assets21/28€20k€32k▲
Tangible fixed assets22/27€20k€32k▲
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€4k€19k▲
Current assets29/58€55k€57k▲
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€2k€3k▲
Other amounts receivable41€196€116▼
Current investments50/53€45k€45k▲
Cash at bank and in hand54/58€7k€7k▲
Deferred charges and accrued income490/1€843€1k▲
Equity and liabilities
Total equity and liabilities10/49€76k€89k▲
Equity10/15€48k€50k▲
Contributions10/11€15k€15k=
Reserves13€19k€21k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€17k€19k▲
Profit (loss) carried forward14€14k€14k=
Amounts payable17/49€28k€38k▲
Amounts payable after more than one year17-€7k
Financial debts170/4-€7k
Amounts payable within one year42/48€28k€32k▲
Current portion of amounts payable after more than one year42-€6k
Trade debts44€350€715▲
Suppliers440/4€350€715▲
Taxes, remuneration and social security45€39€987▲
Taxes450/3€39€387▲
Remuneration and social security454/9-€600
Other amounts payable47/48€27k€24k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€973€979▲
Gross operating margin9900€3k€10k▲
Operating profit (loss)9901€-4k€3k▲
Financial income75/76B€144€103▼
Recurring financial income75€144€103▼
Financial charges65/66B€253€356▲
Recurring financial charges65€253€356▲
Profit (loss) for the period before taxes9903€-4k€2k▲
Income taxes67/77€175€294▲
Profit (loss) for the period9904€-4k€2k▲
Profit (loss) for the period to be appropriated9905€-4k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€16k▲
Profit (loss) brought forward from the previous period14P€18k€14k▼
Transfer to equity691/2€0€2k▲
To other reserves6921€0€2k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €15k ▲479%
Operating result €17k, net result €15k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Antwerpen · 1 establishment unit since 2010
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 Messingstraat 392100 AntwerpenGround area
461 m²
Building footprint
326 m²
Volume, LiDAR
1,897 m³
Parcel 11344A0513/00Y006, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Knitwood
since 20102.192.843.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0513/00Y006 | Flanders | 461 m² | 1 · 326 m² | 12.6 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.
Similar companies · same sector, comparable size
P & J Benedict
BE 0473.360.295
Sint-Niklaas · Eq €50,205
Giuso
BE 1019.499.692
Evergem · Eq €50,196
VAN GOETHEM SOLUTIONS
BE 1004.427.179
Temse · Eq €50,194
Équerre Technologies
BE 1013.067.901
Schaarbeek · Eq €50,185
ALF SOLUTIONS
BE 0765.660.788
Koekelberg · Eq €50,172
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 15,261 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.