KULKA
ActiveSummary
KULKA has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €34k. Its solvency ranks better than 56% of 1530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency80▲+5
Growth78
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.2 against 2.87 in 2024; short-term debt: 31% and cash: 88.3% of total assets), and 45.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
54.9%
Return on assets
34.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
4 d early
2024
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▲ 161%
2024 · €21k
Total assets
€99k▲ 138%
2024 · €42k
Net result
€34k▲ 70.5%
2024 · €20k
Working capital
€67k▲ 158%
2024 · €26k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€26k-€44k▲ 72.0%
Net result€20k-€34k▲ 70.5%
Equity€21k-€54k▲ 161%
Total assets€42k-€99k▲ 138%
Debt€21k-€45k▲ 115%
Working capital€26k-€67k▲ 158%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€970 ▼ 36.9%
Current assets
€98k ▲ 145%
Equity and liabilities €99k
Equity
€54k ▲ 161%
Debt
€45k ▲ 115%
Debt's share of the balance-sheet total falls from 49.9% to 45.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▲
2024 · €26k
Cash flow
€35k▲
2024 · €20k
Current ratio
3.20▲
2024 · 2.87
Debt to equity
0.82▼
2024 · 1.00
ROE
63.0%▼
2024 · 96.4%
ROA
34.6%▼
2024 · 48.3%
Interest coverage
83.22▼
2024 · 2287.20
Debt ≤ 1 year
€31k▲
2024 · €14k
Income taxes
€9k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163 | €567 | ▲ 248% |
| Other operating charges640/8 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €26k | €45k | ▲ 72.1% |
| Operating profit (loss)9901 | €26k | €44k | ▲ 72.0% |
| Financial charges65/66B | €11 | €535 | ▲ 4,658% |
| Recurring financial charges65 | €11 | €535 | ▲ 4,658% |
| Profit (loss) for the period before taxes9903 | €26k | €43k | ▲ 70.0% |
| Income taxes67/77 | €5k | €9k | ▲ 68.1% |
| Profit (loss) for the period9904 | €20k | €34k | ▲ 70.5% |
| Profit (loss) for the period to be appropriated9905 | €20k | €34k | ▲ 70.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €42k | €99k | ▲ 138% |
| Fixed assets21/28 | €2k | €970 | ▼ 36.9% |
| Tangible fixed assets22/27 | €2k | €970 | ▼ 36.9% |
| Plant, machinery and equipment23 | €2k | €970 | ▼ 36.9% |
| Current assets29/58 | €40k | €98k | ▲ 145% |
| Amounts receivable within one year40/41 | €7k | €11k | ▲ 55.1% |
| Trade receivables40 | €7k | €11k | ▲ 55.1% |
| Cash at bank and in hand54/58 | €33k | €87k | ▲ 165% |
| Deferred charges and accrued income490/1 | €221 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €42k | €99k | ▲ 138% |
| Equity10/15 | €21k | €54k | ▲ 161% |
| Contributions10/11 | €2k | €2k | = |
| Reserves13 | €19k | €53k | ▲ 173% |
| Distributable reserves133 | €19k | €53k | ▲ 173% |
| Amounts payable17/49 | €21k | €45k | ▲ 115% |
| Amounts payable within one year42/48 | €14k | €31k | ▲ 120% |
| Trade debts44 | €133 | €50 | ▼ 62.5% |
| Suppliers440/4 | €133 | €50 | ▼ 62.5% |
| Taxes, remuneration and social security45 | €13k | €16k | ▲ 31.8% |
| Taxes450/3 | €13k | €16k | ▲ 31.8% |
| Other amounts payable47/48 | €1k | €14k | ▲ 971% |
| Accrued charges and deferred income492/3 | €7k | €14k | ▲ 106% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €34k | ▲ 70.5% |
| + Depreciation and write-downs630 | €163 | €567 | ▲ 248% |
| Operating cash flow (approximation) | €20k | €35k | ▲ 71.9% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €54k | - |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Aalst · 1 establishment unit since 2024
Ground area
158 m²
Building footprint
77 m²
Volume, LiDAR
706 m³
Parcel 41002B0608/00A000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KULKA
since 20242.363.947.309
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0608/00A000 | Flanders | 158 m² | 1 · 77 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 796 companies in sector 59201 we hold annual accounts for 162. 137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
59201Sound recording
73110Advertising agencies
90201Performing arts by independent artists
Scores and ratios are computed by Checked and are not a credit decision.