KURE
ActiveSummary
KURE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €361k and a net result of €-25k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
short-term debt: 0.5% and cash: 2.8% of total assets, and 0.6% 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 2025Solvency, return and age of the figures
Solvency
99.4%
Return on assets
-6.9%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-25k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
28 d early
2023
29 d early
2022
25 d early
2021
30 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€361k▼ 6.5%
2024 · €386k
Total assets
€363k▼ 6.1%
2024 · €387k
Net result
€-25k▲ 24.8%
2024 · €-33k
Working capital
€312k▼ 5.1%
2024 · €329k
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
Line20212022202320242025
Operating result€459k€-16k€78k€-43k€-33k▲ 23.5%
Net result€351k€-16k€78k€-33k€-25k▲ 24.8%
Equity€399k▲ 346%€377k▼ 5.5%€419k▲ 11.2%€386k▼ 7.9%€361k▼ 6.5%
Total assets€453k▼ 29.0%€378k▼ 16.5%€465k▲ 23.0%€387k▼ 16.9%€363k▼ 6.1%
Debt€55k▼ 90.1%€1k▼ 97.4%€46k▲ 3,182%€951▼ 97.9%€2k▲ 138%
Working capital€263k▲ 204%€242k▼ 7.9%€361k▲ 49.0%€329k▼ 8.8%€312k▼ 5.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33k in 2025 against €43k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363k
Fixed assets
€49k ▼ 14.6%
Current assets
€314k ▼ 4.7%
Equity and liabilities €363k
Equity
€361k ▼ 6.5%
Debt
€2k ▲ 138%
Debt's share of the balance-sheet total rises from 0.2% to 0.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-22k▲
2024 · €-33k
Cash flow
€-14k▲
2024 · €-23k
Debt to equity
0.01▲
2024 · 0.00
ROE
-6.9%▲
2024 · -8.6%
ROA
-6.9%▲
2024 · -8.6%
Interest coverage
-154.56▼
2024 · -70.07
Debt ≤ 1 year
€2k▲
2024 · €601
Income taxes
€165
A ratio outside any meaningful range has been withheld (balance sheet total €363k, equity €361k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €948 | €1k | €10k | €11k | ▲ 11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-16k | - | - | - |
| Other operating charges640/8 | - | €2 | €349 | €699 | €553 | ▼ 20.9% |
| Gross operating margin9900 | €411k | €-15k | €64k | €-32k | €-21k | ▲ 34.3% |
| Operating profit (loss)9901 | €459k | €-16k | €78k | €-43k | €-33k | ▲ 23.5% |
| Financial income75/76B | - | - | €600 | €10k | €8k | ▼ 19.9% |
| Recurring financial income75 | €0 | - | €600 | €10k | €8k | ▼ 19.9% |
| Financial charges65/66B | - | €748 | €624 | €470 | €140 | ▼ 70.1% |
| Recurring financial charges65 | €9k | €748 | €624 | €470 | €140 | ▼ 70.1% |
| Profit (loss) for the period before taxes9903 | €450k | €-16k | €78k | €-33k | €-25k | ▲ 25.3% |
| Income taxes67/77 | €99k | - | €1 | - | €165 | - |
| Profit (loss) for the period9904 | €351k | €-16k | €78k | €-33k | €-25k | ▲ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €351k | €-16k | €78k | €-33k | €-25k | ▲ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €453k | €378k | €465k | €387k | €363k | ▼ 6.1% |
| Fixed assets21/28 | €136k | €135k | €59k | €57k | €49k | ▼ 14.6% |
| Intangible fixed assets21 | - | - | - | €7k | €8k | ▲ 9.5% |
| Tangible fixed assets22/27 | €136k | €135k | €59k | €50k | €41k | ▼ 17.8% |
| Land and buildings22 | - | €133k | €15k | €15k | €15k | = |
| Plant, machinery and equipment23 | - | €1k | €620 | - | - | - |
| Furniture and vehicles24 | - | €1k | €43k | €35k | €26k | ▼ 25.4% |
| Current assets29/58 | €317k | €243k | €406k | €329k | €314k | ▼ 4.7% |
| Stocks and contracts in progress3 | - | - | - | €3k | €4k | ▲ 33.1% |
| Stocks30/36 | - | - | - | €3k | €4k | ▲ 33.1% |
| Amounts receivable within one year40/41 | €3k | €14k | €19k | €160k | €198k | ▲ 23.8% |
| Trade receivables40 | - | - | - | - | €6k | - |
| Other amounts receivable41 | - | €14k | €19k | €160k | €193k | ▲ 20.2% |
| Current investments50/53 | - | - | €350k | €120k | €100k | ▼ 16.7% |
| Cash at bank and in hand54/58 | €311k | €226k | €32k | €44k | €10k | ▼ 76.5% |
| Deferred charges and accrued income490/1 | - | €3k | €6k | €3k | €2k | ▼ 38.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €453k | €378k | €465k | €387k | €363k | ▼ 6.1% |
| Equity10/15 | €399k | €377k | €419k | €386k | €361k | ▼ 6.5% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Revaluation surpluses12 | - | - | €4k | €4k | €4k | = |
| Reserves13 | €386k | €386k | €403k | €386k | €386k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €381k | €397k | €381k | €381k | = |
| Profit (loss) carried forward14 | - | €-22k | - | €-17k | €-42k | ▼ 149% |
| Amounts payable17/49 | €55k | €1k | €46k | €951 | €2k | ▲ 138% |
| Amounts payable within one year42/48 | €54k | €1k | €46k | €601 | €2k | ▲ 218% |
| Trade debts44 | €1k | €348 | €2k | €601 | €2k | ▲ 218% |
| Suppliers440/4 | - | €348 | €2k | €601 | €2k | ▲ 218% |
| Taxes, remuneration and social security45 | - | €265 | €3k | - | - | - |
| Taxes450/3 | - | €265 | €3k | - | - | - |
| Other amounts payable47/48 | - | €447 | €40k | - | - | - |
| Accrued charges and deferred income492/3 | - | €350 | €350 | €350 | €350 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €351k | €-16k | €78k | €-33k | €-25k | ▲ 24.8% |
| + Depreciation and write-downs630 | €3k | €948 | €1k | €10k | €11k | ▲ 11.9% |
| Operating cash flow (approximation) | €354k | €-15k | €80k | €-23k | €-14k | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | €0 | €75k | €-8k | €-3k | ▲ 68.1% |
| Change in cash | - | €-85k | €-194k | €12k | €-33k | ▼ 376% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 62current ratio 547.92
Current ratio from 8.86 to 547.92; short-term debt falls from €46k to €601.
01-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €78k
Net result €78k after one loss-making year.
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 39current ratio 229.39
Current ratio from 5.85 to 229.39; short-term debt falls from €54k to €1k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €351k
Net result €351k after one loss-making year.
30-09
Financial
Equity above €200kEq €399k ▲346%
Equity rises from €89k to €399k.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
Show earlier events
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €200kEq €213k ▲61.9%
2 profitable years in a row build equity to €213k.
08-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Pieters-Woluwe · 1 establishment unit since 2007
Ground area
1,495 m²
Building footprint
99 m²
Volume, LiDAR
789 m³
Parcel 21683D0368/00D005, Brussels · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kure
since 20072.163.113.262
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0368/00D005 | Brussels | 1,495 m² | 1 · 99 m² | 10.7 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 12,954 companies in sector 47120 we hold annual accounts for 2,190. 1,217 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 (pre-2019)
Founded12-04-2007
Fiscal year end30-09
Activities, NACEBEL 2025
47120Other non-specialised retail sale
Scores and ratios are computed by Checked and are not a credit decision.