kwin
ActiveSummary
kwin has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €362,129 and a net result of €171,409. Equity is growing by ~71% per year across the filed fiscal years. Its solvency ranks better than 66% of 1413 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency87▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.48 in 2023; short-term debt: 38.1% and cash: 61.2% of total assets), and 38.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.9%
Return on assets
29.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
33 d early
2022
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€362,129▲ 89.9%
2023 · €190,720
Total assets
€585,010▲ 87.9%
2023 · €311,271
Net result
€171,409▲ 72.2%
2023 · €99,533
Working capital
€338,150▲ 89.1%
2023 · €178,859
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€91,047-€136,457▲ 49.9%€231,223▲ 69.4%
Net result€70,782above the sector's middle half-€99,533above the sector's middle half▲ 40.6%€171,409above the sector's middle half▲ 72.2%
Equity€91,187within the sector's middle half-€190,720above the sector's middle half▲ 109%€362,129within the sector's middle half▲ 89.9%
Total assets€374,587above the sector's middle half-€311,271within the sector's middle half▼ 16.9%€585,010within the sector's middle half▲ 87.9%
Debt€283,399-€120,551▼ 57.5%€222,881▲ 84.9%
Working capital€78,871within the sector's middle half-€178,859above the sector's middle half▲ 127%€338,150within the sector's middle half▲ 89.1%
Solvency24.3%within the sector's middle half-61.3%within the sector's middle half▲ 36.9pp61.9%within the sector's middle half▲ 0.6pp
Current ratio1.28within the sector's middle half-2.48within the sector's middle half▲ 1.212.52within the sector's middle half▲ 0.03
Return on assets (ROA)18.9%within the sector's middle half-32.0%above the sector's middle half▲ 13.1pp29.3%above the sector's middle half▼ 2.7pp
Staff (FTE)2.9-4.4within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 69% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €585,010
Fixed assets
€23,979 ▲ 102%
Current assets
€561,031 ▲ 87.4%
Equity and liabilities €585,010
Equity
€362,129 ▲ 89.9%
Debt
€222,881 ▲ 84.9%
Debt's share of the balance-sheet total falls from 38.7% to 38.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€237,947▲
2023 · €141,906
Cash flow
€178,133▲
2023 · €104,982
Quick ratio
2.48▲
2023 · 2.41
Debt to equity
0.62▼
2023 · 0.63
ROE
47.3%▼
2023 · 52.2%
Interest coverage
587.73▲
2023 · 147.51
Debt ≤ 1 year
€222,881▲
2023 · €120,551
Income taxes
€81,053▲
2023 · €36,023
Staff costs
€217,892▲
2023 · €189,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €50 | - | - | - |
| Remuneration, social security and pensions62 | €137,858 | €189,607 | €217,892 | ▲ 14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,549 | €5,449 | €6,725 | ▲ 23.4% |
| Other operating charges640/8 | €33,606 | €384 | €3,480 | ▲ 805% |
| Non-recurring operating charges66A | €3,565 | - | - | - |
| Gross operating margin9900 | €269,625 | €331,898 | €459,319 | ▲ 38.4% |
| Operating profit (loss)9901 | €91,047 | €136,457 | €231,223 | ▲ 69.4% |
| Financial income75/76B | €1,132 | €60 | €21,644 | ▲ 35,776% |
| Recurring financial income75 | €1,132 | €60 | €21,644 | ▲ 35,776% |
| Financial charges65/66B | €449 | €962 | €405 | ▼ 57.9% |
| Recurring financial charges65 | €449 | €962 | €405 | ▼ 57.9% |
| Profit (loss) for the period before taxes9903 | €91,730 | €135,556 | €252,462 | ▲ 86.2% |
| Income taxes67/77 | €20,947 | €36,023 | €81,053 | ▲ 125% |
| Profit (loss) for the period9904 | €70,782 | €99,533 | €171,409 | ▲ 72.2% |
| Profit (loss) for the period to be appropriated9905 | €70,782 | €99,533 | €171,409 | ▲ 72.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €374,587 | €311,271 | €585,010 | ▲ 87.9% |
| Fixed assets21/28 | €12,317 | €11,861 | €23,979 | ▲ 102% |
| Intangible fixed assets21 | €1,414 | €1,035 | €657 | ▼ 36.6% |
| Tangible fixed assets22/27 | €8,763 | €10,826 | €23,322 | ▲ 115% |
| Plant, machinery and equipment23 | - | - | €2,453 | - |
| Furniture and vehicles24 | €8,763 | €10,826 | €18,469 | ▲ 70.6% |
| Other tangible fixed assets26 | - | - | €2,400 | - |
| Financial fixed assets28 | €2,140 | - | - | - |
| Current assets29/58 | €362,270 | €299,410 | €561,031 | ▲ 87.4% |
| Amounts receivable after more than one year29 | €5,372 | €2,319 | - | - |
| Other amounts receivable291 | €5,372 | €2,319 | - | - |
| Stocks and contracts in progress3 | €11,052 | €8,667 | €8,082 | ▼ 6.7% |
| Stocks30/36 | €11,052 | €8,667 | €8,082 | ▼ 6.7% |
| Amounts receivable within one year40/41 | €258,310 | €177,362 | €193,898 | ▲ 9.3% |
| Trade receivables40 | €252,977 | €177,355 | €193,898 | ▲ 9.3% |
| Other amounts receivable41 | €5,333 | €7 | - | - |
| Current investments50/53 | €59,818 | €82,818 | - | - |
| Cash at bank and in hand54/58 | €26,944 | €28,075 | €358,091 | ▲ 1,175% |
| Deferred charges and accrued income490/1 | €774 | €170 | €960 | ▲ 466% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €374,587 | €311,271 | €585,010 | ▲ 87.9% |
| Equity10/15 | €91,187 | €190,720 | €362,129 | ▲ 89.9% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €173,264 | ▲ 9,240% |
| Distributable reserves133 | €1,855 | €1,855 | €173,264 | ▲ 9,240% |
| Profit (loss) carried forward14 | €70,782 | €170,315 | €170,315 | = |
| Amounts payable17/49 | €283,399 | €120,551 | €222,881 | ▲ 84.9% |
| Amounts payable within one year42/48 | €283,399 | €120,551 | €222,881 | ▲ 84.9% |
| Trade debts44 | €144,312 | €51,916 | €84,470 | ▲ 62.7% |
| Suppliers440/4 | €144,312 | €51,916 | €84,470 | ▲ 62.7% |
| Advances received on contracts in progress46 | - | €1,899 | - | - |
| Taxes, remuneration and social security45 | €48,165 | €65,780 | €137,478 | ▲ 109% |
| Taxes450/3 | €35,341 | €49,002 | €119,640 | ▲ 144% |
| Remuneration and social security454/9 | €12,824 | €16,778 | €17,839 | ▲ 6.3% |
| Other amounts payable47/48 | €90,923 | €956 | €933 | ▼ 2.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,782 | €99,533 | €171,409 | ▲ 72.2% |
| + Depreciation and write-downs630 | €3,549 | €5,449 | €6,725 | ▲ 23.4% |
| Operating cash flow (approximation) | €74,332 | €104,982 | €178,133 | ▲ 69.7% |
| Investment in fixed assets (approximation) | - | -€4,994 | -€18,842 | ▼ 277% |
| Change in cash | - | €1,130 | €330,017 | ▲ 29,099% |
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
2026
07-08
State Gazette act
Registered office · Other addressesRegistered-office move2 facts ▸
State Gazette act
Registered office · Other addresses
Registered-office move2 facts ▸
- General meeting, 23-06-2026
- Registered-office move, Eden City 18, 1190 Brussel
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €171,409 ▲72.2%
Operating result €231,223, net result €171,409, both a record.
31-12
Financial
Equity above €200,000Eq €362,129 ▲89.9%
3 profitable years in a row build equity to €362,129.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €190,720 ▲109%
2 profitable years in a row build equity to €190,720.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 2 establishment units since 2015
Ground area
1,681 m²
Building footprint
189 m²
Volume, LiDAR
1,682 m³
3 parcels, Brussels · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
kwin
since 20152.295.514.304
Havenlaan 86C Floor 1, 1000 Brussel
since 20212.327.402.063
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0421/00S005indicative | Brussels | 1,211 m² | - | - |
| 21007A0102/00M007 | Brussels | 317 m² | 1 · 119 m² | 11.3 m · 2 fl. |
| 21443C0219/00Y021 | Brussels | 153 m² | 1 · 70 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SAGITÁRIO
BE 0896.455.687
Wetteren · Eq €362,131
MATTHYS BUSINESS ACTIVITIES
BE 0840.471.247
Kortenaken · Eq €362,035
POMIRIS
BE 0775.664.359
La Hulpe · Eq €362,305
oSérieux
BE 0883.829.653
Sint-Lambrechts-Woluwe · Eq €361,804
MB MANAGEMENT EN ADVIES
BE 0897.779.045
Kalmthout · Eq €361,041
Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 4,616 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
Founded12-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0640810506
Also
9925:BE0640810506
Registered
30-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.