ETOILE KINDIA

Active

Private limited company (pre-2019)founded 20179 yrs activeVoorzorgsstraat 15, 1000 Brussel, BelgiumKBO/BCE: BE 0675.524.727

Summary

The computed 12-month bankruptcy probability of ETOILE KINDIA is 1.8% (moderate). The 2024 annual accounts show equity of €33k and a net result of €6k. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 67% of 26043 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability62▲+18

Solvency77▲+39

Growth66▲+16

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 2.1 against 1.15 in 2023; short-term debt: 47.6% and cash: 60.3% of total assets), and 47.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

52.4%

Return on assets

9.9%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

453 d late

2022

19 d late

2021

87 d late

2020

299 d late

2019

817 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€255k▲ 2.4%

2023 · €249k

2019: €219k 2020: €188k 2021: €200k 2022: €199k 2023: €249k

2019 → 2024

EBIT margin

3.0%▲ 1.0pp

2023 · 2.0%

2019: 2.5% 2020: 5.2% 2021: 1.8% 2022: 2.3% 2023: 2.0%

2019 → 2024

Net result

€6k▲ 25.9%

2023 · €5k

2019: €5k 2020: €7k 2021: €4k 2022: €4k 2023: €5k

2019 → 2024

Working capital

€33k▲ 23.2%

2023 · €26k

2019: €7k 2020: €14k 2021: €18k 2022: €22k 2023: €26k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€188k-€200k▲ 5.9%€199k▼ 0.5%€249k▲ 25.2%€255k▲ 2.4%

Equity€14k-€18k▲ 25.9%€22k▲ 23.1%€26k▲ 22.5%€33k▲ 23.2%

Operating result€10k-€4k▼ 63.3%€5k▲ 25.1%€5k▲ 8.2%€8k▲ 54.2%

Net result€7k-€4k▼ 45.9%€4k▲ 12.1%€5k▲ 20.3%€6k▲ 25.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 54% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €62k

52.4%

47.6%

Equity €33k ▲ 23.2%

Debt €30k ▼ 83.0%

Debt's share of the balance-sheet total falls from 86.8% to 47.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

Current ratio

2.10▲

2023 · 1.15

Quick ratio

1.29▲

2023 · 1.01

Debt to equity

0.91▼

2023 · 6.60

ROE

18.8%▲

2023 · 18.4%

ROA

9.9%▲

2023 · 2.4%

Debt ≤ 1 year

€30k▼

2023 · €175k

Income taxes

€1k

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 · 39 lines

Balance sheet Code20232024

Assets

Total assets20/58€201k€62k▼

Current assets29/58€201k€62k▼

Stocks and contracts in progress3€26k€24k▼

Stocks30/36€26k€24k▼

Amounts receivable within one year40/41€335€308▼

Other amounts receivable41€335€308▼

Cash at bank and in hand54/58€175k€37k▼

Deferred charges and accrued income490/1€352€352=

Equity and liabilities

Total equity and liabilities10/49€201k€62k▼

Equity10/15€26k€33k▲

Contributions10/11€1€1=

Capital10€1€1=

Issued capital100€1€1=

Reserves13€3k€3k=

Non-distributable reserves130/1€3k€3k=

Legal reserve130€3k€3k=

Profit (loss) carried forward14€23k€29k▲

Amounts payable17/49€175k€30k▼

Amounts payable within one year42/48€175k€30k▼

Current portion of amounts payable after more than one year42€2k€2k=

Trade debts44€90k€5k▼

Suppliers440/4€90k€5k▼

Taxes, remuneration and social security45€12k€2k▼

Taxes450/3€516€2k▲

Remuneration and social security454/9€11k-

Other amounts payable47/48€71k€20k▼

Income statement Code20232024

Turnover70€249k€255k▲

Goods, raw materials, services and sundry goods60/61€243k€245k▲

Other operating charges640/8€148€2k▲

Gross operating margin9900€5k€10k▲

Operating profit (loss)9901€5k€8k▲

Financial charges65/66B€23€21▼

Recurring financial charges65€23€21▼

Profit (loss) for the period before taxes9903€5k€8k▲

Income taxes67/77-€1k

Profit (loss) for the period9904€5k€6k▲

Profit (loss) for the period to be appropriated9905€5k€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€23k€29k▲

Profit (loss) brought forward from the previous period14P€18k€23k▲

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