KUNST-PLUS
The computed 12-month bankruptcy probability of KUNST-PLUS is 4.1% (elevated). The 2023 annual accounts show negative equity (€-63k) and a net result of €-17k. Equity is shrinking by ~62% per year across the filed fiscal years. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-63k |
| Net result | €-17k |
| Active | 29 yrs |
| Locations | 2 |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-6k |
| Net profit | €-17k |
| Cash flow | €-5k |
| Staff costs | - |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €83k |
| Equity | €-63k |
| Debt | €146k |
| of which ≤ 1y | €146k |
| of which > 1y | - |
| Working capital | €-127k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.13 |
| Quick ratio | 0.13 |
| Working capital ratio | -153.4% |
| Solvency | -76.8% |
| Debt / equity | -2.30 |
| Long-term debt ratio | - |
| Interest coverage | -61.48 |
| Gross margin | - |
| Net margin | - |
| ROA | -20.9% |
| ROE | 27.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €83k |
| Fixed assets | 21/28 | €63k |
| Tangible fixed assets | 22/27 | €63k |
| Current assets | 29/58 | €19k |
| Amounts receivable within one year | 40/41 | €18k |
| Cash & bank | 54/58 | €13 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €83k |
| Equity | 10/15 | €-63k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €6k |
| Accumulated profits (losses) | 14 | €-132k |
| Amounts payable | 17/49 | €146k |
| Amounts payable within one year | 42/48 | €146k |
| Trade debts payable within one year | 44 | €8k |
| Income statement | ||
| Gross operating margin | 9900 | €-6k |
| Operating result | 9901 | €-18k |
| Financial income | 75 | €974 |
| Financial charges | 65 | €102 |
| Result before taxes | 9903 | €-17k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-17k |
| Result to be appropriated | 9905 | €-17k |
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 22-11-1996 |
| Status | Active |
| Postal code | 1000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1324/00F000 | Brussels | 2,150 m² | 2 · 174 m² | 18.3 m · 5 fl. |
| 21004A0153/00F000 | Brussels | 1,545 m² | 1 · 1,507 m² | 32.6 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
10-06-2022 2 reappointed
- De Wilde Liesbeth, Bestuurder
- Roelens Danny, Bestuurder
Technical details
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"notary": {
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"act_meta": {
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"pub_date": "2022-06-10",
"filing_date": "2022-06-02",
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"decisions": [
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"co_filed_documents": [],
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | KUNST-PLUS |