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QUICK KIP

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Private limited companyfounded 2022active for 4 yearsKazerneweg(KRU) 15, 9770 Kruisem, BelgiumKBO/BCE: BE 0784.865.206

Financials · financial year 2025, micro format

2025 annual accounts filed 39 days after the deadline Filed on 8 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00508592.

Annual accounts 2025 filed on 08-09-2026 at the NBB all 3 filings

Turnover
≈ €1.3m
Estimated: probably between €560,000 and €2.3m
Total assets
€966,521▲ 31.0%
2024 · €737,945
Net result
€53,799▼ 19.3%
2024 · €66,656
Working capital
€42,708▼ 34.1%
2024 · €64,803
Multi-year overview
2023 to 2025, 3 financial years
Operating result
€69,081
▼ 19.9% 2025
20232025
Net result
€53,799
▼ 19.3% 2025
highest quarter of the sector
20232025
Equity
€109,824
▼ 6.1% 2025
middle half of the sector
20232025
Total assets
€966,521
▲ 31.0% 2025
highest quarter of the sector
20232025
Debt
€856,698
▲ 38.0% 2025
20232025
Working capital
€42,708
▼ 34.1% 2025
middle half of the sector
20232025
Solvency
11.4%
▼ 4.5pp 2025
middle half of the sector
20232025
Current ratio
1.05
▼ 0.05 2025
middle half of the sector
20232025
Return on assets (ROA)
5.6%
▼ 3.5pp 2025
middle half of the sector
20232025
Staff (FTE)
1.8
▲ 125% 2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result€144,278-€86,219▼ 40.2%€69,081▼ 19.9%
Net result€115,344above the sector's middle half-€66,656above the sector's middle half▼ 42.2%€53,799above the sector's middle half▼ 19.3%
Equity€100,344within the sector's middle half-€117,000within the sector's middle half▲ 16.6%€109,824within the sector's middle half▼ 6.1%
Total assets€639,483above the sector's middle half-€737,945above the sector's middle half▲ 15.4%€966,521above the sector's middle half▲ 31.0%
Debt€539,139-€620,944▲ 15.2%€856,698▲ 38.0%
Working capital€42,568within the sector's middle half-€64,803within the sector's middle half▲ 52.2%€42,708within the sector's middle half▼ 34.1%
Solvency15.7%within the sector's middle half-15.9%within the sector's middle half▲ 0.2pp11.4%within the sector's middle half▼ 4.5pp
Current ratio1.08within the sector's middle half-1.10within the sector's middle half▲ 0.031.05within the sector's middle half▼ 0.05
Return on assets (ROA)18.0%above the sector's middle half-9.0%within the sector's middle half▼ 9.0pp5.6%within the sector's middle half▼ 3.5pp
Staff (FTE)0.81.8▲ 125%
above within below The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 20% lower than in 2024 and the lowest since 2023. It is the second fall in a row.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €966,521
Fixed assets €67,116 ▲ 28.6%
Current assets €899,406 ▲ 31.2%
Equity and liabilities €966,521
Equity €109,824 ▼ 6.1%
Debt €856,698 ▲ 38.0%
Debt's share of the balance-sheet total rises from 84.1% to 88.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€99,378▼
2024 · €114,035
Cash flow
€84,096▼
2024 · €94,472
Debt to equity
7.80▲
2024 · 5.31
ROE
49.0%▼
2024 · 57.0%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€856,698▲
2024 · €620,944
Income taxes
€16,113▼
2024 · €19,670
Staff costs
€53,431▲
2024 · €23,389
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202431-12-2025
Employees at the balance-sheet date22
part-time22
in full-time equivalents1.21
Average over the year, in full-time equivalents0.40.9
On a permanent contract01
Joined22
Left02

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item202320242025
Tangible fixed assets€74,117€22,237€45,216
Depreciation and write-downs of the year€16,341€27,816€30,297

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€737,945€966,521▲
Fixed assets21/28€52,197€67,116▲
Tangible fixed assets22/27€52,197€67,116▲
Plant, machinery and equipment23€2,337€3,849▲
Furniture and vehicles24€49,860€59,529▲
Other tangible fixed assets26-€3,737
Current assets29/58€685,748€899,406▲
Amounts receivable within one year40/41€650,654€730,360▲
Trade receivables40€632,861€701,325▲
Other amounts receivable41€17,793€29,035▲
Cash at bank and in hand54/58€35,093€169,046▲
Equity and liabilities
Total equity and liabilities10/49€737,945€966,521▲
Equity10/15€117,000€109,824▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€112,000€104,824▼
Amounts payable17/49€620,944€856,698▲
Amounts payable within one year42/48€620,944€856,698▲
Trade debts44€505,782€672,862▲
Suppliers440/4€505,782€672,862▲
Advances received on contracts in progress46-€349
Taxes, remuneration and social security45€75,163€67,290▼
Taxes450/3€70,828€55,858▼
Remuneration and social security454/9€4,335€11,432▲
Other amounts payable47/48€40,000€116,196▲
Income statement Code20242025
Remuneration, social security and pensions62€23,389€53,431▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,816€30,297▲
Other operating charges640/8€1,580€5,033▲
Gross operating margin9900€139,004€157,842▲
Operating profit (loss)9901€86,219€69,081▼
Financial income75/76B€721€1,075▲
Recurring financial income75€721€1,075▲
Financial charges65/66B€614€244▼
Recurring financial charges65€614€244▼
Profit (loss) for the period before taxes9903€86,326€69,912▼
Income taxes67/77€19,670€16,113▼
Profit (loss) for the period9904€66,656€53,799▼
Profit (loss) for the period to be appropriated9905€66,656€53,799▼
Appropriation of the result
Profit (loss) to be appropriated9906€162,000€165,799▲
Profit (loss) brought forward from the previous period14P€95,344€112,000▲
Profit to be distributed694/7€50,000€60,976▲
Return on contributions (dividend)694€50,000€60,976▲

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 08-09-2026.

Line202320242025Change
Remuneration, social security and pensions62-€23,389€53,431▲ 128%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,341€27,816€30,297▲ 8.9%
Other operating charges640/8€10,932€1,580€5,033▲ 219%
Gross operating margin9900€171,551€139,004€157,842▲ 13.6%
Operating profit (loss)9901€144,278€86,219€69,081▼ 19.9%
Financial income75/76B€30€721€1,075▲ 49.2%
Recurring financial income75€30€721€1,075▲ 49.2%
Financial charges65/66B€990€614€244▼ 60.2%
Recurring financial charges65€990€614€244▼ 60.2%
Profit (loss) for the period before taxes9903€143,318€86,326€69,912▼ 19.0%
Income taxes67/77€27,974€19,670€16,113▼ 18.1%
Profit (loss) for the period9904€115,344€66,656€53,799▼ 19.3%
Profit (loss) for the period to be appropriated9905€115,344€66,656€53,799▼ 19.3%
Line202320242025Change
Assets
Total assets20/58€639,483€737,945€966,521▲ 31.0%
Fixed assets21/28€57,776€52,197€67,116▲ 28.6%
Tangible fixed assets22/27€57,776€52,197€67,116▲ 28.6%
Plant, machinery and equipment23-€2,337€3,849▲ 64.7%
Furniture and vehicles24€57,776€49,860€59,529▲ 19.4%
Other tangible fixed assets26--€3,737-
Current assets29/58€581,707€685,748€899,406▲ 31.2%
Amounts receivable within one year40/41€461,070€650,654€730,360▲ 12.3%
Trade receivables40€460,750€632,861€701,325▲ 10.8%
Other amounts receivable41€320€17,793€29,035▲ 63.2%
Cash at bank and in hand54/58€120,637€35,093€169,046▲ 382%
Equity and liabilities
Total equity and liabilities10/49€639,483€737,945€966,521▲ 31.0%
Equity10/15€100,344€117,000€109,824▼ 6.1%
Contributions10/11€5,000€5,000€5,000=
Profit (loss) carried forward14€95,344€112,000€104,824▼ 6.4%
Amounts payable17/49€539,139€620,944€856,698▲ 38.0%
Amounts payable within one year42/48€539,139€620,944€856,698▲ 38.0%
Trade debts44€438,629€505,782€672,862▲ 33.0%
Suppliers440/4€438,629€505,782€672,862▲ 33.0%
Advances received on contracts in progress46--€349-
Taxes, remuneration and social security45€46,817€75,163€67,290▼ 10.5%
Taxes450/3€41,817€70,828€55,858▼ 21.1%
Remuneration and social security454/9€5,000€4,335€11,432▲ 164%
Other amounts payable47/48€53,693€40,000€116,196▲ 190%
Line202320242025Change
Profit (loss) for the period9904€115,344€66,656€53,799▼ 19.3%
+ Depreciation and write-downs630€16,341€27,816€30,297▲ 8.9%
Operating cash flow (approximation)€131,685€94,472€84,096▼ 11.0%
Investment in fixed assets (approximation)--€22,237-€45,216▼ 103%
Change in cash--€85,543€133,952-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 7,976 companies had the same profile as QUICK KIP has now. Two years later, 94.3% were still going and 3.6% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
94.3% was still going
1.8% stopped otherwise
3.6% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of QUICK KIP itself: 1.4% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 7,976 companies, not a prediction for QUICK KIP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2025 micro format 08-09-2026 2026-00508592 PDF
31-12-2024 micro format 19-11-2025 2025-00569423 PDF
31-12-2023 micro format 14-12-2024 2024-00616030 PDF

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