Kringwinkel West

Active

Non-profit associationfounded 1997active for 29 yearsSteverlyncklaan 8, 8900 Ieper, BelgiumKBO/BCE: BE 0461.050.502

Summary

Kringwinkel West has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€144,804. Equity is shrinking by about 4.5% per year across the filed financial years. Its solvency ranks better than 76% of 5,019 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

Kringwinkel WestActiveChecked score 94/100

Risk analysis Report Compare

Activity

Retail sale of second-hand clothing

NACE 47792Social work activities without accommodation NACE 88993

Largest employer in Ypres, Wholesale and retail trade sector7 sites

Size

≈ €5.4mturnover 2025, estimated

Staff: 64.6 FTE
Equity: €1.2m
Deficit: -€144,804

Turnover estimated from the gross margin

Financial health

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Board: 12 members

Walter BilckeChair

Auditor: Moore Belgium2025 accounts 25 days early

Why 94raises riskLoss of €144,804, the second in a row (financial year 2025)Size: 64.6 FTE, total assets €1.9mlowers riskLegal form: non-profit associationFounded in 1997Show the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 52% of its sector peers (NACE 47, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 88-4

equity 62.8% of total assets

Liquidity 51+8

short-term debt 30.2% · cash 11.0%

Profitability 25+24

return on assets -7.7%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (383 companies, NACE 47, medium-sized)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value

Credit of up to €110,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.42, compared with 1.45 in 2024, below the usual 1.5; short-term debt: 30.2% and cash: 11% of total assets), and 37.2% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized): better than 87% on solvency, 74% on liquidity, 17% on profitability and 30% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Legal form: non-profit association

KBO

Loss of €144,804, the second in a row (financial year 2025)

NBB · annual accounts

Size: 64.6 FTE, total assets €1.9m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 1997

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€144,804

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

25 days early

2024

29 days early

2023

33 days early

2022

12 days early

2021

2 days early

2020

5 days early

2019

9 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

06-07-2026 Annual accounts filedfinancial year 2025 · full…
06-05-2026 Amendment of the articlesGazette deed
02-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Risk: 4 loss-making years in a rowloss financial year 2025 -€144,804 View
Caution: Among the weakest 10% on net resultsector median €39,953 · 5,018 companies -€144,804 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Flemish supportawarded from 2022 to 2025 €3.4m View
Positive: Result rose in 2025from -€260,994 to -€144,804 ▲ 44.5% View

By topic

Financials

Financial year: 2025
Total assets: €1.9m
Loss: -€144,804
Solvency: 62.8%

Total assets▲ 2.6%

Net result

20182025

Go to Financials

Board & ownership

Board: 12 members
Auditor: Moore Belgium

Walter BilckeChair
Boussemaere MarcDirector
Vanbeselaere JanDirector
Vitse HendrikDirector
Gernaey AndyDirector

and 7 other directors

Go to Board & ownership

Timeline

Events: 38
Since: 2004
Next accounts: by 31-07-2027

29-01-2025Reappointments: Walter Bilcke, M. Boussemaere and 3…
31-12-2024Weakest financial year
28-06-2024Annual accounts filed

Go to Timeline

Company details

Sites: 7

Legal form: Non-profit association
Activity: Retail sale of second-hand clothingNACE 47792
Founded: 20-02-1997
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 29

Purpose: “A)het ontwikkelen en waarborgen van tewerkstelling voor laaggeschoolden en langdurig…” (deed in Dutch)

Go to Articles of association

Key facts about Kringwinkel West

What is the company number of Kringwinkel West?: 0461.050.502. In Belgium the VAT number is the company number with BE in front: BE 0461.050.502.
Where is Kringwinkel West based?: The registered office is at Steverlyncklaan 8, 8900 Ieper.Company details
What does Kringwinkel West do?: According to the KBO register, the main activity is retail sale of second-hand clothing (NACE 47792).
What is the legal form of Kringwinkel West?: Non-profit association (VZW).
When was Kringwinkel West founded?: On 20-02-1997.
Is Kringwinkel West still active?: Yes, Kringwinkel West is an active enterprise in the KBO register.
How many employees does Kringwinkel West have?: On average 64.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Kringwinkel West?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Kringwinkel West profitable?: In financial year 2025, Kringwinkel West made a loss of €144,804.
Where can I find the annual accounts of Kringwinkel West?: Kringwinkel West filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Kringwinkel West due?: By 31-07-2027, for financial year 2026.Timeline