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Private limited companyfounded 2006active for 20 yearsGentweg(V) 55, 8600 Diksmuide, BelgiumKBO/BCE: BE 0879.339.246

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 01-12-2025 PDF all 19 filings

Equity
€295,517▲ 3.5%
2024 · €285,554
Net result
€9,963▼ 55.7%
2024 · €22,492
Total assets
€914,399▼ 1.6%
2024 · €929,670
Solvency
32.3%▲ 1.6pp
2024 · 30.7%
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 56% lower than in 2024 and the lowest since 2021.

Operating result€0.01m 2025 Net result€0.01m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.03m-€0.02m▼ 21.4%€0.02m▼ 26.9%€0.01m▼ 21.8%€0.02m▲ 44.4%€0.03m▲ 43.8%€0.01m▼ 55.7%
Net result€0.02m-€0.02mwithin the sector's middle half▼ 21.0%€0.01mwithin the sector's middle half▼ 26.4%€0.01mwithin the sector's middle half▼ 21.4%€0.02mwithin the sector's middle half▲ 46.0%€0.02mwithin the sector's middle half▲ 43.4%€0.01mwithin the sector's middle half▼ 55.7%
Equity€0.2m-€0.2mwithin the sector's middle half▲ 9.1%€0.2mwithin the sector's middle half▲ 6.1%€0.2mwithin the sector's middle half▲ 4.5%€0.3mwithin the sector's middle half▲ 6.3%€0.3mwithin the sector's middle half▲ 8.5%€0.3mwithin the sector's middle half▲ 3.5%
Total assets€1.0m-€1.0mwithin the sector's middle half▼ 2.5%€1.0mwithin the sector's middle half▼ 2.6%€0.9mwithin the sector's middle half▼ 4.0%€0.9mwithin the sector's middle half▼ 3.3%€0.9mwithin the sector's middle half▲ 2.1%€0.9mwithin the sector's middle half▼ 1.6%
Debt€0.8m-€0.8m▼ 5.3%€0.7m▼ 5.1%€0.7m▼ 6.8%€0.6m▼ 6.7%€0.6m▼ 0.5%€0.6m▼ 3.9%
Working capital-€0.8m--€0.7mbelow the sector's middle half▲ 7.9%-€0.7mbelow the sector's middle half▲ 6.3%-€0.6mbelow the sector's middle half▲ 7.9%-€0.6mbelow the sector's middle half▲ 6.8%-€0.5mbelow the sector's middle half▲ 9.1%-€0.5mbelow the sector's middle half▲ 8.3%
Solvency19.8%-22.1%below the sector's middle half▲ 2.3pp24.1%within the sector's middle half▲ 2.0pp26.3%within the sector's middle half▲ 2.2pp28.9%within the sector's middle half▲ 2.6pp30.7%within the sector's middle half▲ 1.8pp32.3%within the sector's middle half▲ 1.6pp
Current ratio0.07-0.09below the sector's middle half▲ 0.020.10below the sector's middle half▲ 0.010.11below the sector's middle half▲ 0.010.11below the sector's middle half=0.19below the sector's middle half▲ 0.080.23below the sector's middle half▲ 0.04
Return on assets (ROA)2.3%-1.8%within the sector's middle half▼ 0.4pp1.4%within the sector's middle half▼ 0.5pp1.1%within the sector's middle half▼ 0.3pp1.7%within the sector's middle half▲ 0.6pp2.4%within the sector's middle half▲ 0.7pp1.1%within the sector's middle half▼ 1.3pp
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €914,399
Fixed assets €774,328 ▼ 4.1%
Current assets €140,071 ▲ 14.6%
Equity and liabilities €914,399
Equity €295,517 ▲ 3.5%
Debt €618,882 ▼ 3.9%
Debt's share of the balance-sheet total falls from 69.3% to 67.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
3.4%▼
2024 · 7.9%
Debt ≤ 1 year
€617,030▼
2024 · €642,266
Income taxes
€2,491▼
2024 · €5,819
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets-€16,302€13,563€10,456
Depreciation and write-downs of the year€41,638€42,322€43,200€43,599

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as KOLIN: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €817,000 and €1.1m, founded between 2005 and 2007.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
KOLIN Diksmuide2006€0.9m€0.3m€0.06m€0.01m-2025
CARPI Ingelmunster2006€0.8m€0.3m€0.07m€0.02m-2025
Saelens-Vanhove Ieper2005€1.1m€0.3m€0.06m-€0.01m-2025
STIBRIMMO Nieuwpoort2005€0.8m€0.006m€0.07m€0.03m-2025
E.L.C. Invest Knokke-Heist2007€1.1m€0.4m€0.05m-€0.03m-2025
DOKTER FRANK CORNE Wevelgem2006€0.9m€0.5m€0.05m€0.04m-2025
Sameho Wevelgem2005€1.1m€0.4m€0.05m€2790.62025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Source: Annual accounts 2025 (PDF), filed on 01-12-2025.

Balance sheet Code20242025
Assets
Total assets20/58€929,670€914,399▼
Fixed assets21/28€807,471€774,328▼
Tangible fixed assets22/27€807,004€773,861▼
Land and buildings22€282,936€274,343▼
Other tangible fixed assets26€524,068€499,518▼
Financial fixed assets28€467€467=
Current assets29/58€122,199€140,071▲
Amounts receivable within one year40/41€52,884€37,876▼
Trade receivables40€48,854€36,512▼
Other amounts receivable41€4,030€1,364▼
Cash at bank and in hand54/58€67,325€100,122▲
Deferred charges and accrued income490/1€1,990€2,073▲
Equity and liabilities
Total equity and liabilities10/49€929,670€914,399▼
Equity10/15€285,554€295,517▲
Contributions10/11€18,600€18,600=
Reserves13€265,000€275,000▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€265,000€275,000▲
Profit (loss) carried forward14€1,954€1,917▼
Amounts payable17/49€644,116€618,882▼
Amounts payable within one year42/48€642,266€617,030▼
Trade debts44€2,220€6,325▲
Suppliers440/4€2,220€6,325▲
Taxes, remuneration and social security45€5,829€3,358▼
Taxes450/3€3,754€3,358▼
Remuneration and social security454/9€2,075€0▼
Other amounts payable47/48€634,217€607,347▼
Accrued charges and deferred income492/3€1,850€1,852▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,200€43,599▲
Other operating charges640/8€4,849€4,916▲
Gross operating margin9900€76,495€61,118▼
Operating profit (loss)9901€28,447€12,603▼
Financial charges65/66B€135€149▲
Recurring financial charges65€135€149▲
Profit (loss) for the period before taxes9903€28,311€12,454▼
Income taxes67/77€5,819€2,491▼
Profit (loss) for the period9904€22,492€9,963▼
Profit (loss) for the period to be appropriated9905€22,492€9,963▼
Appropriation of the result
Profit (loss) to be appropriated9906€25,094€11,917▼
Profit (loss) brought forward from the previous period14P€2,602€1,954▼
Transfer to equity691/2€23,140€10,000▼
To other reserves6921€23,140€10,000▼

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40,663€40,663€41,273€41,638€42,322€43,200€43,599▲ 0.9%
Other operating charges640/8---€4,363€4,638€4,849€4,916▲ 1.4%
Gross operating margin9900€74,997€69,298€63,111€59,696€66,742€76,495€61,118▼ 20.1%
Operating profit (loss)9901€30,450€23,947€17,515€13,695€19,782€28,447€12,603▼ 55.7%
Financial charges65/66B---€240€174€135€149▲ 10.0%
Recurring financial charges65€905€614€425€240€174€135€149▲ 10.0%
Profit (loss) for the period before taxes9903€29,546€23,333€17,090€13,456€19,609€28,311€12,454▼ 56.0%
Income taxes67/77€6,027€4,760€3,418€2,712€3,922€5,819€2,491▼ 57.2%
Profit (loss) for the period9904€23,518€18,573€13,672€10,744€15,687€22,492€9,963▼ 55.7%
Profit (loss) for the period to be appropriated9905€23,518€18,573€13,672€10,744€15,687€22,492€9,963▼ 55.7%
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.0m€1.0m€1.0m€0.9m€0.9m€0.9m€0.9m▼ 1.6%
Fixed assets21/28€1.0m€0.9m€0.9m€0.9m€0.8m€0.8m€0.8m▼ 4.1%
Tangible fixed assets22/27€1.0m€0.9m€0.9m€0.9m€0.8m€0.8m€0.8m▼ 4.1%
Land and buildings22---€0.3m€0.3m€0.3m€0.3m▼ 3.0%
Other tangible fixed assets26---€0.6m€0.5m€0.5m€0.5m▼ 4.7%
Financial fixed assets28€467€467€467€467€467€467€467=
Current assets29/58€0.06m€0.07m€0.08m€0.08m€0.07m€0.1m€0.1m▲ 14.6%
Amounts receivable within one year40/41€0.05m€0.05m€0.04m€0.04m€0.03m€0.05m€0.04m▼ 28.4%
Trade receivables40---€0.04m€0.03m€0.05m€0.04m▼ 25.3%
Other amounts receivable41---€0.002m€0.001m€0.004m€0.001m▼ 66.2%
Cash at bank and in hand54/58€0.008m€0.02m€0.03m€0.03m€0.04m€0.07m€0.1m▲ 48.7%
Deferred charges and accrued income490/1---€0.002m€0.002m€0.002m€0.002m▲ 4.2%
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.0m€1.0m€0.9m€0.9m€0.9m€0.9m▼ 1.6%
Equity10/15€0.2m€0.2m€0.2m€0.2m€0.3m€0.3m€0.3m▲ 3.5%
Contributions10/11€0.02m--€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.2m€0.2m€0.2m€0.2m€0.2m€0.3m€0.3m▲ 3.8%
Non-distributable reserves130/1---€0.002m€0.002m€0--
Reserves not available under the articles1311---€0.002m€0.002m€0--
Distributable reserves133---€0.2m€0.2m€0.3m€0.3m▲ 3.8%
Profit (loss) carried forward14€0.02m€0.002m€0.001m€0.002m€0.003m€0.002m€0.002m▼ 1.9%
Amounts payable17/49€0.8m€0.8m€0.7m€0.7m€0.6m€0.6m€0.6m▼ 3.9%
Amounts payable within one year42/48€0.8m€0.8m€0.7m€0.7m€0.6m€0.6m€0.6m▼ 3.9%
Trade debts44€0.002m€0.002m€0.006m€0.003m€0.006m€0.002m€0.006m▲ 185%
Suppliers440/4---€0.003m€0.006m€0.002m€0.006m▲ 185%
Taxes, remuneration and social security45---€0.006m€0.003m€0.006m€0.003m▼ 42.4%
Taxes450/3---€0.004m€0.001m€0.004m€0.003m▼ 10.5%
Remuneration and social security454/9---€0.002m€0.002m€0.002m€0▼ 100%
Other amounts payable47/48---€0.7m€0.6m€0.6m€0.6m▼ 4.2%
Accrued charges and deferred income492/3---€0.002m€0.002m€0.002m€0.002m▲ 0.1%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€23,518€18,573€13,672€10,744€15,687€22,492€9,963▼ 55.7%
+ Depreciation and write-downs630€40,663€40,663€41,273€41,638€42,322€43,200€43,599▲ 0.9%
Operating cash flow (approximation)€64,181€59,236€54,945€52,382€58,009€65,692€53,562▼ 18.5%
Investment in fixed assets (approximation)-€0-€9,752€0-€16,302-€13,563-€10,456▲ 22.9%
Change in cash-€10,299€15,647€151€5,391€27,872€32,797▲ 17.7%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 01-12-2025 2025-00575559 PDF
30-06-2024 abbreviated format 16-01-2025 2025-00007814 PDF
30-06-2023 abbreviated format 07-12-2023 2023-00527399 PDF
30-06-2022 abbreviated format 08-10-2022 2022-20457615 PDF
30-06-2021 abbreviated format 24-09-2021 2021-68300593 PDF
30-06-2020 abbreviated format 14-09-2020 2020-52800552 PDF
30-06-2019 abbreviated format 18-11-2019 2019-73800278 PDF
30-06-2018 abbreviated format 26-11-2018 2018-72900124 PDF
30-06-2017 abbreviated format 08-12-2017 2017-71300527 PDF
30-06-2016 full format 15-12-2016 2016-70100009 PDF

Show all 19 filings

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