KYNS GROUP
ActiveSummary
The computed 12-month bankruptcy probability of KYNS GROUP is 4.4% (elevated). The 2025 annual accounts show equity of €40,422 and a net result of €28,791. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 14254 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+78
Solvency35▲+6
Growth78▲+46
Track record84
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 0.57 in 2024; short-term debt: 90.1% and cash: 10.1% of total assets), and 90.1% of the assets are financed with debt.
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
9.9%
Return on assets
7%
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 09-03-2026, 144 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
144 d early
2024
73 d early
2023
56 d early
2022
62 d early
2021
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 68 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
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 30 May (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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
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Financials · fiscal year 2025, micro schema
Equity
€40,422▲ 248%
2024 · €11,630
Total assets
€410,251▲ 46.6%
2024 · €279,875
Net result
€28,791
2024 · -€74,048
Working capital
€15,146
2024 · -€115,603
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Operating result€37,568-€105,536▲ 181%-€17,058-€81,306▼ 377%€29,451
Net result€26,464within the sector's middle half-€92,982above the sector's middle half▲ 251%-€6,767within the sector's middle half-€74,048below the sector's middle half▼ 994%€28,791within the sector's middle half
Equity€29,464within the sector's middle half-€92,445within the sector's middle half▲ 214%€85,678within the sector's middle half▼ 7.3%€11,630within the sector's middle half▼ 86.4%€40,422within the sector's middle half▲ 248%
Total assets€63,498below the sector's middle half-€164,188within the sector's middle half▲ 159%€334,277within the sector's middle half▲ 104%€279,875within the sector's middle half▼ 16.3%€410,251within the sector's middle half▲ 46.6%
Debt€34,034-€71,742▲ 111%€248,598▲ 247%€268,245▲ 7.9%€369,830▲ 37.9%
Working capital€25,950within the sector's middle half--€29,843within the sector's middle half-€74,179below the sector's middle half▼ 149%-€115,603below the sector's middle half▼ 55.8%€15,146within the sector's middle half
Solvency46.4%within the sector's middle half-56.3%within the sector's middle half▲ 9.9pp25.6%within the sector's middle half▼ 30.7pp4.2%below the sector's middle half▼ 21.5pp9.9%within the sector's middle half▲ 5.7pp
Current ratio1.76within the sector's middle half-0.58within the sector's middle half▼ 1.180.70within the sector's middle half▲ 0.120.57within the sector's middle half▼ 0.131.04within the sector's middle half▲ 0.47
Return on assets (ROA)41.7%above the sector's middle half-56.6%above the sector's middle half▲ 15.0pp-2.0%within the sector's middle half▼ 58.7pp-26.5%below the sector's middle half▼ 24.4pp7.0%within the sector's middle half▲ 33.5pp
Staff (FTE)0.9
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €29,451 after a loss of €81,306 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €410,251
Fixed assets
€25,275 ▼ 80.1%
Current assets
€384,976 ▲ 152%
Equity and liabilities €410,251
Equity
€40,422 ▲ 248%
Debt
€369,830 ▲ 37.9%
Debt's share of the balance-sheet total falls from 95.8% to 90.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54,856▲
2024 · -€55,379
Cash flow
€54,197▲
2024 · -€48,122
Debt to equity
9.15▼
2024 · 23.06
ROE
71.2%▲
2024 · -636.7%
Interest coverage
122.08▲
2024 · -55.84
Debt ≤ 1 year
€369,830▲
2024 · €268,245
Income taxes
€210▼
2024 · €229
Staff costs
€69,380▼
2024 · €133,071
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
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: 4.4% 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 2,151 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €31,855 | - |
| Remuneration, social security and pensions62 | €16,768 | €32,414 | €49,906 | €133,071 | €69,380 | ▼ 47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €274 | €8,025 | €19,466 | €25,926 | €25,405 | ▼ 2.0% |
| Other operating charges640/8 | €3,873 | €2,132 | €9,137 | €9,898 | €817 | ▼ 91.7% |
| Non-recurring operating charges66A | - | - | €247 | €27,015 | €75,755 | ▲ 180% |
| Gross operating margin9900 | €58,483 | €148,107 | €61,697 | €114,605 | €200,808 | ▲ 75.2% |
| Operating profit (loss)9901 | €37,568 | €105,536 | -€17,058 | -€81,306 | €29,451 | ▲ 136% |
| Financial income75/76B | €0 | - | €12,289 | €8,478 | - | - |
| Recurring financial income75 | €0 | - | €12,289 | €8,478 | - | - |
| Financial charges65/66B | €849 | €1,813 | €1,319 | €992 | €449 | ▼ 54.7% |
| Recurring financial charges65 | €849 | €1,813 | €1,319 | €992 | €449 | ▼ 54.7% |
| Profit (loss) for the period before taxes9903 | €36,719 | €103,723 | -€6,089 | -€73,819 | €29,001 | ▲ 139% |
| Income taxes67/77 | €10,255 | €10,741 | €678 | €229 | €210 | ▼ 8.4% |
| Profit (loss) for the period9904 | €26,464 | €92,982 | -€6,767 | -€74,048 | €28,791 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €26,464 | €92,982 | -€6,767 | -€74,048 | €28,791 | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,498 | €164,188 | €334,277 | €279,875 | €410,251 | ▲ 46.6% |
| Fixed assets21/28 | €3,513 | €122,289 | €159,857 | €127,234 | €25,275 | ▼ 80.1% |
| Tangible fixed assets22/27 | €3,513 | €119,189 | €155,557 | €121,914 | €22,175 | ▼ 81.8% |
| Furniture and vehicles24 | €3,513 | €2,251 | €48,913 | €29,012 | €18,725 | ▼ 35.5% |
| Other tangible fixed assets26 | - | €116,938 | €106,645 | €92,902 | €3,450 | ▼ 96.3% |
| Financial fixed assets28 | - | €3,100 | €4,300 | €5,320 | €3,100 | ▼ 41.7% |
| Current assets29/58 | €59,985 | €41,899 | €174,420 | €152,641 | €384,976 | ▲ 152% |
| Amounts receivable after more than one year29 | - | €17,754 | €0 | - | - | - |
| Other amounts receivable291 | - | €17,754 | €0 | - | - | - |
| Stocks and contracts in progress3 | - | - | €46,659 | - | - | - |
| Stocks30/36 | - | - | €46,659 | - | - | - |
| Amounts receivable within one year40/41 | €27,336 | €12,358 | €47,819 | €63,014 | €342,079 | ▲ 443% |
| Trade receivables40 | €26,111 | €9,590 | €8,127 | €63,014 | €319,058 | ▲ 406% |
| Other amounts receivable41 | €1,225 | €2,767 | €39,691 | - | €23,020 | - |
| Cash at bank and in hand54/58 | €32,122 | €10,850 | €72,348 | €87,645 | €41,446 | ▼ 52.7% |
| Deferred charges and accrued income490/1 | €527 | €936 | €7,594 | €1,982 | €1,452 | ▼ 26.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,498 | €164,188 | €334,277 | €279,875 | €410,251 | ▲ 46.6% |
| Equity10/15 | €29,464 | €92,445 | €85,678 | €11,630 | €40,422 | ▲ 248% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €26,464 | €89,445 | €82,678 | €8,630 | €37,422 | ▲ 334% |
| Amounts payable17/49 | €34,034 | €71,742 | €248,598 | €268,245 | €369,830 | ▲ 37.9% |
| Amounts payable within one year42/48 | €34,034 | €71,742 | €248,598 | €268,245 | €369,830 | ▲ 37.9% |
| Trade debts44 | €23,150 | €12,426 | €210,862 | €213,589 | €360,320 | ▲ 68.7% |
| Suppliers440/4 | €23,150 | €12,426 | €210,862 | €213,589 | €360,320 | ▲ 68.7% |
| Taxes, remuneration and social security45 | €10,884 | €29,316 | €22,544 | €54,517 | €5,476 | ▼ 90.0% |
| Taxes450/3 | €10,255 | €22,439 | €678 | €8,607 | €119 | ▼ 98.6% |
| Remuneration and social security454/9 | €628 | €6,877 | €21,866 | €45,910 | €5,357 | ▼ 88.3% |
| Other amounts payable47/48 | - | €30,000 | €15,193 | €139 | €4,034 | ▲ 2,798% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,464 | €92,982 | -€6,767 | -€74,048 | €28,791 | ▲ 139% |
| + Depreciation and write-downs630 | €274 | €8,025 | €19,466 | €25,926 | €25,405 | ▼ 2.0% |
| Operating cash flow (approximation) | €26,738 | €101,006 | €12,699 | -€48,122 | €54,197 | ▲ 213% |
| Investment in fixed assets (approximation) | - | -€126,800 | -€57,034 | €6,697 | €76,553 | ▲ 1,043% |
| Change in cash | - | -€21,271 | €61,498 | €15,297 | -€46,200 | ▼ 402% |
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
13-03
KBO administration
Address strikeout annulled
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
23-02
KBO administration
Address struck
2025
31-12
Financial
Back to profitnet €28,791
Net result €28,791 after 2 loss-making years.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€74,048
Net result drops to -€74,048, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €92,982 ▲251%
Operating result €105,536, net result €92,982, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 2 establishment units since 2020
Ground area
670 m²
Building footprint
488 m²
Volume, LiDAR
11,099 m³
Parcel 21808H1778/00D000, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
472
companies at this address
See who is registered here
2 establishment units
KYNS GROUP
since 20202.307.007.517
Kyns Group SRL
since 20232.347.894.502
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 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 9,699 companies in sector 68121 we hold annual accounts for 7,393. 4,833 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
Founded02-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43310Plastering work
43990Other specialised construction activities
46711Wholesale of cars and light vans (up to 3.5 tonnes)
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
70200Business and other management consultancy
71111Activities of building architects
71113Urban planning and landscape architecture
71121Engineering and related technical consultancy, excluding land surveyors
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753607252
Also
9925:BE0753607252
Registered
23-10-2025
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.