GM KINE
ActiveGM KINE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336k and a net result of €35k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 16459 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+1
Solvency65▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.14 in 2024; short-term debt: 12.6% and cash: 7.1% of total assets), and 60.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
39.6%
Return on assets
4.1%
Age of the figures
9 mo
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
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
29 d late
2023
61 d late
2022
23 d late
2021
73 d late
2020
18 d late
2019
89 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35k▲ 19.3%
2024 · €29k
2018: €17k
2019: €23k
2020: €24k
2021: €29k
2022: €11k
2023: €10k
2024: €29k
2018 → 2025
Working capital
€8k▼ 26.7%
2024 · €11k
2018: €2k
2019: €16k
2020: €44k
2021: €-12k
2022: €-16k
2023: €-41k
2024: €11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€281k-€292k▲ 3.8%€292k=€311k▲ 6.5%€336k▲ 7.9%
Operating result€53k-€29k▼ 45.3%€31k▲ 4.9%€57k▲ 85.0%€66k▲ 16.3%
Net result€29k-€11k▼ 64.0%€10k▼ 5.1%€29k▲ 189%€35k▲ 19.3%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €847k
Fixed assets
€732k▲ 1.8%
Current assets
€115k▲ 30.3%
Equity and liabilities €847k
Equity
€336k▲ 7.9%
Debt
€511k▲ 3.1%
The debt ratio falls from 61.5% to 60.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€126k▲
2024 · €113k
Cash flow
€95k▲
2024 · €85k
Solvency
39.6%▲
2024 · 38.5%
Current ratio
1.07▼
2024 · 1.14
Quick ratio
1.07▼
2024 · 1.14
Debt / equity
1.52▼
2024 · 1.60
ROE
10.3%▲
2024 · 9.3%
ROA
4.1%▲
2024 · 3.6%
Interest coverage
7.59▲
2024 · 7.55
Debt
€511k▲
2024 · €496k
Debt ≤ 1 year
€107k▲
2024 · €77k
Debt > 1 year
€404k▼
2024 · €419k
Income taxes
€15k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€807k€847k▲
Fixed assets21/28€719k€732k▲
Tangible fixed assets22/27€719k€732k▲
Land and buildings22€681k€693k▲
Furniture and vehicles24€23k€21k▼
Leasing and similar rights25€15k€10k▼
Other tangible fixed assets26-€8k
Current assets29/58€88k€115k▲
Amounts receivable within one year40/41€59k€49k▼
Trade receivables40€41k€29k▼
Other amounts receivable41€18k€20k▲
Cash at bank and in hand54/58€23k€60k▲
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€807k€847k▲
Equity10/15€311k€336k▲
Contributions10/11€19k€19k=
Reserves13€61k€86k▲
Distributable reserves133€61k€86k▲
Profit (loss) carried forward14€231k€231k=
Amounts payable17/49€496k€511k▲
Amounts payable after more than one year17€419k€404k▼
Financial debts170/4€419k€404k▼
Amounts payable within one year42/48€77k€107k▲
Current portion of amounts payable after more than one year42€74k€92k▲
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€500-
Taxes450/3€500-
Other amounts payable47/48€612€612=
Accrued charges and deferred income492/3€198€258▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€60k▲
Other operating charges640/8€2k€7k▲
Gross operating margin9900€115k€133k▲
Operating profit (loss)9901€57k€66k▲
Financial income75/76B€48€93▲
Recurring financial income75€48€93▲
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€42k€50k▲
Income taxes67/77€13k€15k▲
Profit (loss) for the period9904€29k€35k▲
Profit (loss) for the period to be appropriated9905€29k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€260k€266k▲
Profit (loss) brought forward from the previous period14P€231k€231k=
Transfer from equity791/2€10k€10k=
Transfer to equity691/2€29k€35k▲
To other reserves6921€29k€35k▲
Profit to be distributed694/7€10k€10k=
Return on contributions (dividend)694€10k€10k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €35k ▲19.3%
Operating result €66k, net result €35k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 1.14
Current ratio from 0.54 to 1.14; short-term debt falls from €87k to €77k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €10k ▼5.1%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, La Louvière · 2 establishment units since 2010
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.
Place René Pêtre(L.L) 157100 La LouvièreGround area
274 m²
Building footprint
49 m²
Volume, LiDAR
477 m³
2 parcels, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Place René Pêtre(L.L) 10, 7100 La Louvière
since 20102.187.170.153
Centre Louvitalité
since 20232.345.786.632
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55372C0117/00V008 | Wallonia | 137 m² | 1 · 49 m² | 11.8 m · 3 fl. |
| 55372C0117/00D041 | Wallonia | 137 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,690 companies in sector 86951 we hold annual accounts for 2,139. 1,330 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2010
Fiscal year end31-12
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
68203Renting and operating of own or leased non-residential real estate, excluding land
77225Rental and leasing activities
77330Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.