Kanes Machines
ActiveSummary
Kanes Machines has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.33M and a net result of €345k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 1037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
88
/ 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
Profitability91▼-3
Solvency94▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 3.15 against 6.39 in 2024; short-term debt: 25.7% and cash: 44.2% of total assets), and 30.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
69.3%
Return on assets
17.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
9 d early
2024
37 d early
2023
15 d early
2022
8 d late
2021
10 d late
2020
13 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.33M▼ 9.9%
2024 · €1.48M
2018: €99k
2019: €266k
2020: €459k
2021: €697k
2022: €904k
2023: €1.18M
2024: €1.48M
2018 → 2025
Total assets
€1.92M▲ 6.9%
2024 · €1.80M
2018: €876k
2019: €778k
2020: €877k
2021: €1.06M
2022: €1.35M
2023: €1.49M
2024: €1.80M
2018 → 2025
Net result
€345k▼ 6.8%
2024 · €370k
2018: €75k
2019: €166k
2020: €193k
2021: €238k
2022: €207k
2023: €298k
2024: €370k
2018 → 2025
Working capital
€1.06M▼ 11.5%
2024 · €1.20M
2018: €-120k
2019: €53k
2020: €217k
2021: €418k
2022: €619k
2023: €905k
2024: €1.20M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€697k-€904k▲ 29.7%€1.18M▲ 31.0%€1.48M▲ 24.9%€1.33M▼ 9.9%
Operating result€348k-€324k▼ 6.8%€450k▲ 38.8%€559k▲ 24.2%€523k▼ 6.4%
Net result€238k-€207k▼ 13.0%€298k▲ 43.8%€370k▲ 24.4%€345k▼ 6.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.92M
Fixed assets
€370k ▼ 2.7%
Current assets
€1.55M ▲ 9.5%
Equity and liabilities €1.92M
Equity
€1.33M ▼ 9.9%
Debt
€590k ▲ 84.2%
Debt's share of the balance-sheet total rises from 17.8% to 30.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€611k▼
2024 · €635k
Cash flow
€434k▼
2024 · €447k
Current ratio
3.15▼
2024 · 6.39
Quick ratio
2.30▼
2024 · 3.56
Debt to equity
0.44▲
2024 · 0.22
ROE
25.9%▲
2024 · 25.0%
ROA
17.9%▼
2024 · 20.6%
Interest coverage
113.69▲
2024 · 61.41
Debt ≤ 1 year
€493k▲
2024 · €222k
Debt > 1 year
€93k▼
2024 · €98k
Income taxes
€165k▼
2024 · €173k
Staff costs
€294k▲
2024 · €275k
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 · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.80M€1.92M▲
Fixed assets21/28€381k€370k▼
Intangible fixed assets21€50k€25k▼
Tangible fixed assets22/27€331k€345k▲
Land and buildings22€184k€164k▼
Plant, machinery and equipment23€931€4k▲
Furniture and vehicles24€146k€178k▲
Current assets29/58€1.42M€1.55M▲
Amounts receivable after more than one year29€75k-
Other amounts receivable291€75k-
Stocks and contracts in progress3€628k€418k▼
Stocks30/36€628k€418k▼
Amounts receivable within one year40/41€294k€277k▼
Trade receivables40€107k€167k▲
Other amounts receivable41€187k€110k▼
Cash at bank and in hand54/58€407k€851k▲
Deferred charges and accrued income490/1€14k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.80M€1.92M▲
Equity10/15€1.48M€1.33M▼
Contributions10/11€6k€6k=
Reserves13€1.47M€1.33M▼
Distributable reserves133€1.47M€1.33M▼
Amounts payable17/49€320k€590k▲
Amounts payable after more than one year17€98k€93k▼
Financial debts170/4€98k€93k▼
Amounts payable within one year42/48€222k€493k▲
Current portion of amounts payable after more than one year42€46k€52k▲
Financial debts43-€467
Credit institutions430/8-€467
Trade debts44€119k€118k▼
Suppliers440/4€119k€118k▼
Taxes, remuneration and social security45€58k€61k▲
Taxes450/3€58k€61k▲
Other amounts payable47/48-€262k
Accrued charges and deferred income492/3€216€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€275k€294k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€89k▲
Other operating charges640/8€8k€10k▲
Gross operating margin9900€918k€916k▼
Operating profit (loss)9901€559k€523k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€2k€6▼
Non-recurring financial income76B€1k€2k▲
Financial charges65/66B€19k€15k▼
Recurring financial charges65€10k€5k▼
Non-recurring financial charges66B€8k€9k▲
Profit (loss) for the period before taxes9903€543k€510k▼
Income taxes67/77€173k€165k▼
Profit (loss) for the period9904€370k€345k▼
Profit (loss) for the period to be appropriated9905€370k€345k▼
Appropriation of the result
Profit (loss) to be appropriated9906€370k€345k▼
Transfer from equity791/2€75k€491k▲
Transfer to equity691/2€370k€345k▼
To other reserves6921€370k€345k▼
Profit to be distributed694/7€75k€491k▲
Return on contributions (dividend)694€75k€491k▲
Social balance
Average headcount (FTE)90875.25.4▲
The notes to these accounts (14 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €370k ▲24.4%
Operating result €559k, net result €370k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.31
Current ratio from 2.82 to 6.31; short-term debt falls from €341k to €170k.
31-12
Financial
Equity above €1MEq €1.18M ▲31%
6 profitable years in a row build equity to €1.18M.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
31-12
Financial
Equity above €500kEq €697k ▲51.8%
4 profitable years in a row build equity to €697k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
31-12
Financial
Equity above €200kEq €266k ▲167%
2 profitable years in a row build equity to €266k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Truiden · 2 establishment units since 2017
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.
Brandhoutstraat 703800 Sint-TruidenGround area
1.3 ha
Building footprint
3,210 m²
Volume, LiDAR
20,877 m³
3 parcels, Flanders, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Kanes Machines
since 20172.260.351.408
Kanes Machines
since 20182.288.049.658
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0026/00M000 | Wallonia | 1.0 ha | 1 · 2,731 m² | 9.6 m · 3 fl. |
| 71009A0445/00Z000 | Flanders | 1,880 m² | 1 · 343 m² | 1.3 m |
| 24084B0543/00V002 | Flanders | 365 m² | 1 · 136 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SWINNEN EN PARTNERS
BE 0885.424.314
Hasselt · Eq €1.35M
Carrosserie - Carwash Billiau
BE 0455.839.721
Nieuwpoort · Eq €1.31M
TRUCK CENTER FREDERIX
BE 0437.084.473
Beringen · Eq €1.37M
CARROSSERIEBOUW VAN LAER
BE 0434.990.758
Kasterlee · Eq €1.39M
CARROSSERIE TEEUWEN
BE 0525.808.195
Lommel · Eq €1.28M
Of 1,876 companies in sector 95314 we hold annual accounts for 847. 449 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 formPrivate limited company
Founded16-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
95314Bodywork repair (including spraying and painting)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
46180Agents specialised in the wholesale of other particular products
47830Retail sale of motorcycles and motorcycle parts and accessories
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.