Kick-Start
Kick-Start has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €15k. Equity is shrinking by ~23.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 26% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €20k |
| Net result | €15k |
| Better than sector | 26% |
| Active | 12 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 27.3% | 60.0% | |
| Net result | €15k | €29k | |
| Equity | €20k | €72k | |
| Gross operating margin | €50k | €55k | |
| Total assets | €75k | €141k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €48k | €14k | €87k | €41k |
| Net profit | €15k | €-9k | €55k | €17k |
| Cash flow | €41k | €13k | €72k | €34k |
| Staff costs | - | - | - | - |
| Income taxes | €5k | €204 | €16k | €5k |
| Dividends | €32k | - | €60k | €30k |
| Total assets | €75k | €70k | €172k | €127k |
| Equity | €20k | €38k | €47k | €53k |
| Debt | €54k | €32k | €125k | €75k |
| of which ≤ 1y | €54k | €23k | €119k | €59k |
| of which > 1y | - | €9k | €6k | €16k |
| Working capital | €-11k | €-12k | €2k | €7k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.79 | 0.49 | 1.01 | 1.12 |
| Quick ratio | 0.79 | 0.49 | 1.01 | 1.12 |
| Working capital ratio | -15.3% | -16.8% | 1.0% | 5.6% |
| Solvency | 27.3% | 54.2% | 27.5% | 41.3% |
| Debt / equity | 2.66 | 0.84 | 2.64 | 1.42 |
| Long-term debt ratio | - | 0.24 | 0.13 | 0.31 |
| Interest coverage | 31.20 | 12.96 | 78.03 | 49.39 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 19.5% | -13.5% | 31.8% | 13.3% |
| ROE | 71.4% | -25.0% | 115.8% | 32.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €75k | €70k | €172k | €127k |
| Fixed assets | 21/28 | €32k | €59k | €52k | €62k |
| Tangible fixed assets | 22/27 | €32k | €59k | €52k | €62k |
| Current assets | 29/58 | €43k | €11k | €120k | €66k |
| Amounts receivable within one year | 40/41 | €23k | €8k | €89k | €62k |
| Cash & bank | 54/58 | €20k | €2k | €31k | €3k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €75k | €70k | €172k | €127k |
| Equity | 10/15 | €20k | €38k | €47k | €53k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | - | €17k | €27k | €32k |
| Amounts payable | 17/49 | €54k | €32k | €125k | €75k |
| Amounts payable after one year | 17 | - | €9k | €6k | €16k |
| Amounts payable within one year | 42/48 | €54k | €23k | €119k | €59k |
| Trade debts payable within one year | 44 | €3k | €2k | €4k | €21 |
| Income statement | |||||
| Gross operating margin | 9900 | €50k | €16k | €95k | €41k |
| Operating result | 9901 | €22k | €-8k | €70k | €23k |
| Financial income | 75 | - | - | €2k | €0 |
| Financial charges | 65 | €2k | €1k | €1k | €820 |
| Result before taxes | 9903 | €20k | €-9k | €70k | €22k |
| Income taxes | 67/77 | €5k | €204 | €16k | €5k |
| Net result for the period | 9904 | €15k | €-9k | €55k | €17k |
| Result to be appropriated | 9905 | €15k | €-9k | €55k | €17k |
-
CAMBIER SimonDirectorState Gazette act 23338411 (26-04-2023)Current26-04-2023 → present
| NACE primary | Other information technology and computer services(62900) |
| Legal form | Private limited company(610) |
| Incorporation | 30-09-2013 |
| Status | Active |
| Postal code | 1840 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045B0373/00M002 | Flanders | 826 m² | 1 · 114 m² | 8.4 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
26-04-2023 CAMBIER Simon appointed as director
- CAMBIER Simon, Bestuurder
Technical details
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"statutory": "niet_statutair",
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"evidence_quote": "De algemene vergadering besluit de huidige zaakvoerder, hierna vermeld, ontslag te geven uit hun functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutair bestuurder voor een onbepaalde duur: - de heer CAMBIER Simon",
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"notary": {
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"office_city": "Antwerpen",
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},
"act_meta": {
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"pub_date": "2023-04-26",
"filing_date": "2023-04-24",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-04-19",
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}
],
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"subject_company": {
"kbo": "0539.778.274",
"name_full": "Kick-Start",
"legal_form": "BV"
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}| Legal nameNL | Kick-Start |