Financials
- Fiscal year
- 2025
- Turnover
- €4.3m
- Profit
- €345,461
- Solvency
- 83.9%
Turnover▲ 6.3%
Net result
20182025
Kunnig Operations
ActiveSummary
Kunnig Operations has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.9m and a net result of €345,461. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 433 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Social work activities without accommodation
NACE 88993Education NACE 85322NACE 88995
2 sites
Size
€4.3mturnover 2025
- Staff
- 241.1 FTE
- Equity
- €9.9m
- Profit
- €345,461
Structure
- Board
- 8 members
Auditor: Moore AuditAccounts 53 d early
Why 95+ Legal form Non-profit association+ Equity €9.9m (83.9% of total assets)+ Sector Social work activities without accommodation (NACE 88)+ Founded in 1968Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 61% of its sector peers (NACE 88, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 83.9% of total assets
Liquidity
55-5
short-term debt 11.8% · cash 4.9%
Profitability
77+4
return on assets 2.9%
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).
Last 12 months
11-2025: < 0.1%lowest value
12-2025: < 0.1%● 0.0% vs 11-2025lowest value
01-2026: < 0.1%● 0.0% vs 12-2025lowest value
02-2026: < 0.1%● 0.0% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%● 0.0% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%● 0.0% vs 05-2026lowest value
07-2026: < 0.1%▲ +21.4% vs 06-2026highest value
08-2026: < 0.1%● 0.0% vs 07-2026highest value
09-2026: < 0.1%● 0.0% vs 08-2026highest value
10-2026: < 0.1%● 0.0% vs 09-2026highest value
- Legal form Non-profit association lowers the probability
- Equity €9.9m (83.9% of total assets) lowers the probability
- Sector Social work activities without accommodation (NACE 88) lowers the probability
- Founded in 1968 lowers the probability for this profile
Credit up to €430,000 at 30 days acceptable
Liquidity ample (current ratio 6.65 against 7.68 in 2024; short-term debt: 11.8% and cash: 4.9% of total assets), and 16.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 88, medium-sized). Better than this share of them on solvency 91%, liquidity 32%, profitability 61%, growth against the median 58%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
on the day
2023
26 d late
2022
6 d early
2021
8 d late
2020
2 d late
2019
46 d 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 10 days before the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignations: Jens TIMMERMANS (director) and Kunnig…Appointments: BROOS Kelly, STEUKERS Bart…
- Annual accounts filedfiscal year 2025 · abbreviated…
- Resignation: Johan DE MUYNCK (director and…Appointment: Guido MUELENAER (chair)
Key points
- Positive: Among the best 12% on solvencysector median 56.5% · 433 companies 83.9% View
- Board changedlatest change 06-07-2026 · 8 in office 4 joined · 2 left View
- Flemish supportawarded 2022 - 2025 €19.3m View
- Positive: 8 profitable years in a rowprofit 2025: €345,461 8 years View
- Positive: Result rose in 2025from €232,063 to €345,461 ▲ 48.9% View
- Merger with B.W.-Arbeid-Vrede, Werkhuizen voor en door Personen…merger on 21-03-2024 2024 View
- Active since 1968founded 01-01-1968 58 years View
By topic
Board & ownership
- Board
- 8 members
- Auditor
- Moore Audit
Go to Board & ownership
Network & group
- Connected companies
- 42
- Mergers and contributions
- 1
Timeline
- Events
- 28
- Since
- 2008
- Next accounts
- by 31-07-2027
- 06-07-2026Resignations: Jens TIMMERMANS (director) and Kunnig vzw…
- 08-06-2026Annual accounts filed
- 06-03-2026Resignation: Johan DE MUYNCK (director and chair)
Company details
- Sites
- 2
- Legal form
- Non-profit association
- Activity
- Social work activities without accommodationNACE 88993
- Founded
- 01-01-1968
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 27
- Purpose
- Locatiewerk ter plekke bij de klant (enclavewerking): ploegen maatwerkers worden…
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