KINGCO
ActiveSummary
KINGCO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.21M and a net result of €238k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 61% of 8093 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+5
Solvency91▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.89 in 2023; short-term debt: 16.8% and cash: 12.7% of total assets), and 34.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
65.7%
Return on assets
12.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
50 d late
2022
31 d late
2021
142 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.21M▼ 2.0%
2023 · €1.24M
2018: €925k
2019: €1.18M
2020: €1.33M
2021: €1.45M
2022: €1.66M
2023: €1.24M
2018 → 2024
Total assets
€1.85M▼ 5.2%
2023 · €1.95M
2018: €1.13M
2019: €1.57M
2020: €1.79M
2021: €2.72M
2022: €2.51M
2023: €1.95M
2018 → 2024
Net result
€238k▲ 40.1%
2023 · €170k
2018: €214k
2019: €259k
2020: €149k
2021: €120k
2022: €208k
2023: €170k
2018 → 2024
Working capital
€30k▼ 87.9%
2023 · €245k
2018: €839k
2019: €997k
2020: €1.02M
2021: €810k
2022: €768k
2023: €245k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.33M-€1.45M▲ 9.0%€1.66M▲ 14.3%€1.24M▼ 25.5%€1.21M▼ 2.0%
Operating result€204k-€163k▼ 20.2%€256k▲ 57.3%€238k▼ 7.2%€341k▲ 43.6%
Net result€149k-€120k▼ 19.4%€208k▲ 72.9%€170k▼ 18.3%€238k▲ 40.1%
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 recovers in 2024; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.85M
Fixed assets
€1.51M ▲ 5.5%
Current assets
€341k ▼ 34.4%
Equity and liabilities €1.85M
Equity
€1.21M ▼ 2.0%
Debt
€635k ▼ 10.7%
Debt's share of the balance-sheet total falls from 36.5% to 34.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€389k▲
2023 · €264k
Cash flow
€286k▲
2023 · €196k
Current ratio
1.09▼
2023 · 1.89
Debt to equity
0.52▼
2023 · 0.57
ROE
19.6%▲
2023 · 13.7%
ROA
12.9%▲
2023 · 8.7%
Interest coverage
29.86▲
2023 · 19.03
Debt ≤ 1 year
€311k▲
2023 · €275k
Debt > 1 year
€323k▼
2023 · €412k
Income taxes
€121k▲
2023 · €56k
Staff costs
€53k▲
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.95M€1.85M▼
Fixed assets21/28€1.43M€1.51M▲
Tangible fixed assets22/27€1.43M€1.51M▲
Land and buildings22€1.31M€1.32M▲
Plant, machinery and equipment23€33k€21k▼
Furniture and vehicles24€85k€167k▲
Other tangible fixed assets26€3k€2k▼
Current assets29/58€520k€341k▼
Amounts receivable within one year40/41€147k€68k▼
Trade receivables40€61k€63k▲
Other amounts receivable41€86k€5k▼
Current investments50/53€39k€39k=
Cash at bank and in hand54/58€333k€234k▼
Equity and liabilities
Total equity and liabilities10/49€1.95M€1.85M▼
Equity10/15€1.24M€1.21M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.18M€1.15M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1.17M€1.15M▼
Profit (loss) carried forward14-€0
Amounts payable17/49€711k€635k▼
Amounts payable after more than one year17€412k€323k▼
Financial debts170/4€412k€323k▼
Amounts payable within one year42/48€275k€311k▲
Current portion of amounts payable after more than one year42€99k€93k▼
Trade debts44€31k€15k▼
Suppliers440/4€31k€15k▼
Taxes, remuneration and social security45€115k€62k▼
Taxes450/3€115k€51k▼
Remuneration and social security454/9-€11k
Other amounts payable47/48€30k€141k▲
Accrued charges and deferred income492/3€24k-
Income statement
Code20232024
Remuneration, social security and pensions62€49k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€48k▲
Other operating charges640/8€2k€12k▲
Gross operating margin9900€315k€454k▲
Operating profit (loss)9901€238k€341k▲
Financial income75/76B€2k€30k▲
Recurring financial income75€2k€465▼
Non-recurring financial income76B-€30k
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€226k€359k▲
Income taxes67/77€56k€121k▲
Profit (loss) for the period9904€170k€238k▲
Profit (loss) for the period to be appropriated9905€170k€238k▲
Appropriation of the result
Profit (loss) to be appropriated9906€170k€238k▲
Transfer from equity791/2€594k€263k▼
Transfer to equity691/2€170k€238k▲
To other reserves6921€170k€238k▲
Profit to be distributed694/7€594k€263k▼
Return on contributions (dividend)694€594k€263k▼
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
12-02
State Gazette act
General meeting · Statutes amendment
Director resignation · Director discharge
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 50 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
06-03
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose · Carl MAERE
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 142 days late
07-04
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2021
31-12
Financial
Weakest financial yearnet €120k ▼19.4%
Net result drops to €120k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Highest result since 2018net €259k ▲21.1%
Net result €259k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 12.92
Current ratio from 5.02 to 12.92; short-term debt falls from €209k to €84k.
Show earlier events
31-12
Financial
Equity above €1MEq €1.18M ▲28%
2 profitable years in a row build equity to €1.18M.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kattendijkdok-Westkaai 612000 AntwerpenGround area
1.5 ha
Building footprint
480 m²
Volume, LiDAR
16,243 m³
Parcel 11807G0129/05_000, Flanders · tallest building 65.5 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
KINGCO
since 19982.089.466.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0129/05_000 | Flanders | 1.5 ha | 1 · 480 m² | 65.5 m · 12 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
8 connected companiesLinked via shared directors
Shared director
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Shared director
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Shared director
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Shared director
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Show 4 more companies with a shared director
Shared director
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Shared director
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Shared director
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Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
9 locations
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,078 EUR awarded · 1,078 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,078 EUR | 1,078 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300XVXHAW9951CG38
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 25,747 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.