KRINGLOOPCENTRUM KUST
ActiveSummary
KRINGLOOPCENTRUM KUST has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €967,637 and a net result of €186,714. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 9619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-2
Solvency62▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.23 in 2023; short-term debt: 29.1% and cash: 14.5% of total assets), and 62.5% of the assets are financed with debt.
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Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37.5%
Return on assets
7.2%
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
50 d early
2022
40 d early
2021
27 d early
2020
44 d early
2019
110 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 fastest grower in Ostend, Wholesale and retail trade sector#3 employer in Ostend, Wholesale and retail trade sector
Equity
€967,637▲ 70.0%
2023 · €569,259
Total assets
€2.6m▲ 14.0%
2023 · €2.3m
Net result
€186,714▼ 6.7%
2023 · €200,183
Working capital
€277,249▲ 63.3%
2023 · €169,771
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€20,527▼ 68.9%€68,028€88,605▲ 30.2%€234,850▲ 165%€223,447▼ 4.9%
Net result-€33,722below the sector's middle half▼ 17.0%€43,892within the sector's middle half€65,163within the sector's middle half▲ 48.5%€200,183above the sector's middle half▲ 207%€186,714above the sector's middle half▼ 6.7%
Equity€283,470within the sector's middle half▼ 20.2%€289,202within the sector's middle half▲ 2.0%€403,216within the sector's middle half▲ 39.4%€569,259within the sector's middle half▲ 41.2%€967,637above the sector's middle half▲ 70.0%
Total assets€1.0mwithin the sector's middle half▲ 0.7%€1.8mabove the sector's middle half▲ 75.5%€2.0mabove the sector's middle half▲ 10.3%€2.3mabove the sector's middle half▲ 11.9%€2.6mabove the sector's middle half▲ 14.0%
Debt€761,867▲ 11.5%€1.5m▲ 103%€1.6m▲ 4.9%€1.7m▲ 4.6%€1.6m▼ 4.8%
Working capital€130,841▼ 8.0%€107,594▼ 17.8%€124,369▲ 15.6%€169,771▲ 36.5%€277,249▲ 63.3%
Solvency27.1%within the sector's middle half▼ 7.1pp15.8%below the sector's middle half▼ 11.4pp19.9%within the sector's middle half▲ 4.2pp25.1%within the sector's middle half▲ 5.2pp37.5%within the sector's middle half▲ 12.3pp
Staff (FTE)49above the sector's middle half▲ 10.4%50.5above the sector's middle half▲ 3.1%58.5above the sector's middle half▲ 15.8%67above the sector's middle half▲ 14.5%70.5above the sector's middle half▲ 5.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.6m
Fixed assets
€1.6m ▲ 14.3%
Current assets
€1.0m ▲ 13.6%
Equity and liabilities €2.6m
Equity
€967,637 ▲ 70.0%
Debt
€1.6m ▼ 4.8%
Debt's share of the balance-sheet total falls from 74.9% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€344,929▼
2023 · €359,150
Cash flow
€308,197▼
2023 · €324,482
Current ratio
1.37▲
2023 · 1.23
Quick ratio
0.88▲
2023 · 0.75
Debt to equity
1.67▼
2023 · 2.98
ROE
19.3%▼
2023 · 35.2%
ROA
7.2%▼
2023 · 8.8%
Interest coverage
8.57▼
2023 · 10.41
Debt ≤ 1 year
€751,334▲
2023 · €735,775
Debt > 1 year
€824,132▼
2023 · €953,059
Income taxes
€181▲
2023 · €163
Staff costs
€2.7m▲
2023 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 545 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.2%
stopped otherwise
95%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 545 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €47,323 | - | €4,500 | €6,199 | ▲ 37.8% |
| Remuneration, social security and pensions62 | - | €1.6m | €2.0m | €2.5m | €2.7m | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €119,956 | €189,865 | €163,974 | €124,299 | €121,482 | ▼ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,368 | - | - | - | - |
| Other operating charges640/8 | - | €7,865 | €12,118 | €9,583 | €7,911 | ▼ 17.4% |
| Non-recurring operating charges66A | - | €20,110 | €970 | - | - | - |
| Gross operating margin9900 | €1.4m | €1.9m | €2.3m | €2.9m | €3.1m | ▲ 6.1% |
| Operating profit (loss)9901 | -€20,527 | €68,028 | €88,605 | €234,850 | €223,447 | ▼ 4.9% |
| Financial income75/76B | - | €1,641 | €1,002 | - | €3,706 | - |
| Recurring financial income75 | €8 | €1,641 | €1,002 | - | €3,706 | - |
| Financial charges65/66B | - | €25,388 | €24,270 | €34,505 | €40,258 | ▲ 16.7% |
| Recurring financial charges65 | €13,203 | €25,388 | €24,270 | €34,505 | €40,258 | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | -€33,722 | €44,281 | €65,337 | €200,345 | €186,895 | ▼ 6.7% |
| Income taxes67/77 | - | €389 | €174 | €163 | €181 | ▲ 11.0% |
| Profit (loss) for the period9904 | -€33,722 | €43,892 | €65,163 | €200,183 | €186,714 | ▼ 6.7% |
| Profit (loss) for the period to be appropriated9905 | -€33,722 | €43,892 | €65,163 | €200,183 | €186,714 | ▼ 6.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.8m | €2.0m | €2.3m | €2.6m | ▲ 14.0% |
| Fixed assets21/28 | €434,403 | €1.3m | €1.3m | €1.4m | €1.6m | ▲ 14.3% |
| Intangible fixed assets21 | - | €950 | €4,029 | €3,042 | €3,757 | ▲ 23.5% |
| Tangible fixed assets22/27 | €426,934 | €1.3m | €1.2m | €1.3m | €1.5m | ▲ 14.4% |
| Land and buildings22 | - | €1.2m | €1.1m | €1.1m | €1.3m | ▲ 15.8% |
| Plant, machinery and equipment23 | - | €29,555 | €30,277 | €38,775 | €71,508 | ▲ 84.4% |
| Furniture and vehicles24 | - | €47,791 | €42,812 | €37,069 | €28,592 | ▼ 22.9% |
| Other tangible fixed assets26 | - | €20,801 | €8,735 | €173,068 | €168,957 | ▼ 2.4% |
| Assets under construction and advance payments27 | - | - | €100,640 | - | - | - |
| Financial fixed assets28 | €7,469 | €12,164 | €544 | €10,544 | €10,544 | = |
| Current assets29/58 | €610,934 | €560,326 | €771,369 | €905,546 | €1.0m | ▲ 13.6% |
| Amounts receivable after more than one year29 | - | - | €34,090 | - | €12,528 | - |
| Other amounts receivable291 | - | - | €34,090 | - | €12,528 | - |
| Stocks and contracts in progress3 | €198,376 | €244,584 | €298,341 | €350,682 | €367,726 | ▲ 4.9% |
| Stocks30/36 | - | €244,584 | €298,341 | €350,682 | €367,726 | ▲ 4.9% |
| Amounts receivable within one year40/41 | €69,886 | €94,041 | €161,262 | €236,998 | €155,635 | ▼ 34.3% |
| Trade receivables40 | - | €8,472 | €24,239 | €32,678 | €39,718 | ▲ 21.5% |
| Other amounts receivable41 | - | €85,568 | €137,023 | €204,319 | €115,918 | ▼ 43.3% |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €323,643 | €190,082 | €205,120 | €293,651 | €373,549 | ▲ 27.2% |
| Deferred charges and accrued income490/1 | - | €31,619 | €72,555 | €24,216 | €19,144 | ▼ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.8m | €2.0m | €2.3m | €2.6m | ▲ 14.0% |
| Equity10/15 | €283,470 | €289,202 | €403,216 | €569,259 | €967,637 | ▲ 70.0% |
| Contributions10/11 | - | - | - | - | €113,143 | - |
| Capital10 | - | - | - | - | €113,143 | - |
| Revaluation surpluses12 | - | - | - | - | €198,000 | - |
| Reserves13 | - | - | - | - | €15,000 | - |
| Profit (loss) carried forward14 | €93,167 | €137,059 | €202,221 | €402,404 | €589,118 | ▲ 46.4% |
| Investment grants15 | - | €39,000 | €87,852 | €53,712 | €52,375 | ▼ 2.5% |
| Amounts payable17/49 | €761,867 | €1.5m | €1.6m | €1.7m | €1.6m | ▼ 4.8% |
| Amounts payable after more than one year17 | €280,921 | €1.0m | €936,333 | €953,059 | €824,132 | ▼ 13.5% |
| Financial debts170/4 | - | €1.0m | €936,333 | €953,059 | €824,132 | ▼ 13.5% |
| Amounts payable within one year42/48 | €480,093 | €452,732 | €646,999 | €735,775 | €751,334 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €114,650 | €110,268 | €140,044 | €128,929 | ▼ 7.9% |
| Financial debts43 | - | €102,765 | €126,013 | €160,430 | €152,808 | ▼ 4.8% |
| Credit institutions430/8 | - | €102,765 | €126,013 | €160,430 | €152,808 | ▼ 4.8% |
| Trade debts44 | €50,802 | €56,782 | €108,645 | €74,661 | €108,559 | ▲ 45.4% |
| Suppliers440/4 | - | €56,782 | €108,645 | €74,661 | €108,559 | ▲ 45.4% |
| Advances received on contracts in progress46 | - | €3,976 | €2,961 | €2,931 | €1,581 | ▼ 46.1% |
| Taxes, remuneration and social security45 | - | €174,559 | €299,112 | €348,247 | €343,934 | ▼ 1.2% |
| Taxes450/3 | - | €40,467 | €54,308 | €70,394 | €66,464 | ▼ 5.6% |
| Remuneration and social security454/9 | - | €134,092 | €244,804 | €277,853 | €277,470 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | €45,845 | €36,968 | €6,317 | €38,837 | ▲ 515% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,722 | €43,892 | €65,163 | €200,183 | €186,714 | ▼ 6.7% |
| + Depreciation and write-downs630 | €119,956 | €189,865 | €163,974 | €124,299 | €121,482 | ▼ 2.3% |
| Operating cash flow (approximation) | €86,234 | €233,757 | €229,136 | €324,482 | €308,197 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€142,067 | -€231,015 | -€315,976 | ▼ 36.8% |
| Change in cash | - | -€133,561 | €15,038 | €88,531 | €79,898 | ▼ 9.8% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €200,183 ▲207%
Operating result €234,850, net result €200,183, both a record.
31-12
Financial
Equity above €500,000Eq €569,259 ▲41.2%
3 profitable years in a row build equity to €569,259.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €43,892
Net result €43,892 after 2 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€33,722
Net result drops to -€33,722, the lowest in the series; recovery starts the following year.
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 110 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-06
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.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Oostende · 9 establishment units since 2007
Ground area
1.6 ha
Building footprint
7,691 m²
Volume, LiDAR
44,432 m³
9 parcels, Flanders · tallest building 24.6 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
9 establishment units
KRINGLOOPCENTRUM KUST
since 20072.165.745.130
KRINGLOOPCENTRUM KUST
since 20072.165.745.328
KRINGLOOPCENTRUM KUST
since 20072.165.745.526
KRINGLOOPCENTRUM KUST
since 20072.165.745.625
Sea Shopping Center
since 20092.207.608.647
Kringloopcentrum Kust
since 20192.300.606.705
Show 3 more locations
De Kringwinkel Gistel
since 20192.300.607.396
De Kringwinkel Pop-Up Oostende
since 20222.332.283.935
Kringwinkel Oudenburg
since 20252.381.862.813
9 parcels
Flanders
9
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0036/00N000 | Flanders | 5,171 m² | 1 · 2,146 m² | 8.3 m · 2 fl. |
| 35011A0429/00C002 | Flanders | 3,657 m² | 1 · 1,498 m² | 4.7 m · 1 fl. |
| 35006A0548/00L000 | Flanders | 2,914 m² | 1 · 1,573 m² | - |
| 35005D0771/00T002 | Flanders | 2,468 m² | 1 · 688 m² | 9.5 m · 3 fl. |
| 35386D0196/00B002 | Flanders | 740 m² | 1 · 720 m² | 24.1 m · 2 fl. |
| 35302C0504/00G000 | Flanders | 490 m² | 1 · 356 m² | 11.8 m · 1 fl. |
| 35386D0196/00D002 | Flanders | 483 m² | 1 · 483 m² | 24.6 m · 7 fl. |
| 35014B0001/00D010indicative | Flanders | 300 m² | 1 · 84 m² | 10.0 m · 3 fl. |
| 35013A1361/00C000 | Flanders | 142 m² | 1 · 142 m² | 23.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
8 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 18 entries · 4,577,715 EUR awarded · 4,526,744 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 1,315,927 EUR | 1,350,017 EUR |
| 2024 | 4 | 1,317,121 EUR | 1,342,291 EUR |
| 2023 | 5 | 1,091,773 EUR | 1,069,618 EUR |
| 2022 | 4 | 852,894 EUR | 764,818 EUR |
Recognitions · licences · registrations
Recognised sheltered-work company
1 live approvalRecognised sheltered-work company
Quality registration as a provider
1 live approvalQuality registration as a provider
Dual-learning approval
18 live approvalsOnthaal, organisatie en sales duaal (so)
Onthaal, organisatie en sales duaal (so)
Onthaal, organisatie en sales duaal (so)
Onthaal, organisatie en sales duaal (so)
Onthaal, organisatie en sales duaal (so)
Onthaal, organisatie en sales duaal (so)
Show 12 more
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
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Identification & contact
Identification
Legal formNon-profit association
Founded10-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47792Retail sale of second-hand clothing
88993Social work activities without accommodation
68203Renting and operating of own or leased non-residential real estate, excluding land
77229Renting and leasing of other personal and household goods
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
E-mail
info@kringwinkelkust.be
Phone
059509097
Phone
059438097Gistel
Website
www.kringwinkel.be/kustOostende
Phone
059410457Oostende
E-mail
oudenburg@kringwinkelkust.beOudenburg
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892003783
Also
9925:BE0892003783
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.