KINESINGEL MORTSEL
ActiveSummary
KINESINGEL MORTSEL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142k and a net result of €33k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+19
Solvency52▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.41 in 2024; short-term debt: 20.8% and cash: 11% of total assets), and 72.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 16546 sector peers (2025).
NBB · sector comparisonPosition among 16546 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-10-2025, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
11 d early
2022
on the day
2021
4 d early
2020
16 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€142k▲ 28.5%
2024 · €111k
2019: €52k
2020: €48k
2021: €51k
2022: €76k
2023: €101k
2024: €111k
2019 → 2025
Total assets
€521k▲ 2.2%
2024 · €510k
2019: €362k
2020: €422k
2021: €557k
2022: €543k
2023: €544k
2024: €510k
2019 → 2025
Net result
€33k▲ 233%
2024 · €10k
2019: €9k
2020: €-5k
2021: €3k
2022: €25k
2023: €25k
2024: €10k
2019 → 2025
Working capital
€-51k▲ 27.4%
2024 · €-70k
2019: €38k
2020: €30k
2021: €-48k
2022: €-49k
2023: €-62k
2024: €-70k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€76k▲ 49.3%€101k▲ 33.1%€111k▲ 9.9%€142k▲ 28.5%
Operating result€15k-€42k▲ 180%€48k▲ 15.1%€29k▼ 40.2%€62k▲ 114%
Net result€3k-€25k▲ 769%€25k▲ 0.2%€10k▼ 60.1%€33k▲ 233%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 114% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €521k
Fixed assets
€464k ▲ 0.4%
Current assets
€57k ▲ 19.8%
Equity and liabilities €521k
Equity
€142k ▲ 28.5%
Debt
€379k ▼ 5.1%
Debt's share of the balance-sheet total falls from 78.3% to 72.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107k▲
2024 · €70k
Cash flow
€79k▲
2024 · €51k
Current ratio
0.53▲
2024 · 0.41
Debt to equity
2.66▼
2024 · 3.61
ROE
23.4%▲
2024 · 9.0%
ROA
6.4%▲
2024 · 2.0%
Interest coverage
6.59▲
2024 · 4.42
Debt ≤ 1 year
€108k▼
2024 · €118k
Debt > 1 year
€271k▼
2024 · €281k
Income taxes
€12k▲
2024 · €3k
Staff costs
€3k▲
2024 · €3k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€510k€521k▲
Fixed assets21/28€462k€464k▲
Intangible fixed assets21€51k€34k▼
Tangible fixed assets22/27€411k€430k▲
Land and buildings22€332k€358k▲
Plant, machinery and equipment23€19k€15k▼
Furniture and vehicles24€60k€57k▼
Current assets29/58€48k€57k▲
Amounts receivable within one year40/41€3k-
Other amounts receivable41€3k-
Cash at bank and in hand54/58€45k€57k▲
Deferred charges and accrued income490/1€66-
Equity and liabilities
Total equity and liabilities10/49€510k€521k▲
Equity10/15€111k€142k▲
Contributions10/11€17k€17k=
Reserves13€94k€125k▲
Tax-exempt reserves132€14k€14k=
Distributable reserves133€80k€112k▲
Profit (loss) carried forward14€474€479▲
Amounts payable17/49€399k€379k▼
Amounts payable after more than one year17€281k€271k▼
Financial debts170/4€281k€271k▼
Amounts payable within one year42/48€118k€108k▼
Current portion of amounts payable after more than one year42€41k€51k▲
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€32k€22k▼
Suppliers440/4€32k€22k▼
Taxes, remuneration and social security45€6k€11k▲
Taxes450/3€6k€11k▲
Other amounts payable47/48€34k€25k▼
Income statement
Code20242025
Remuneration, social security and pensions62€3k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€45k▲
Other operating charges640/8€7k€4k▼
Gross operating margin9900€80k€114k▲
Operating profit (loss)9901€29k€62k▲
Financial income75/76B€401€87▼
Recurring financial income75€401€87▼
Financial charges65/66B€16k€16k▲
Recurring financial charges65€16k€16k▲
Profit (loss) for the period before taxes9903€13k€45k▲
Income taxes67/77€3k€12k▲
Profit (loss) for the period9904€10k€33k▲
Profit (loss) for the period to be appropriated9905€10k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€34k▲
Profit (loss) brought forward from the previous period14P€474€474▲
Transfer to equity691/2€10k€32k▲
To other reserves6921€10k€32k▲
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
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
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €33k ▲233%
Operating result €62k, net result €33k, both a record.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100kEq €101k ▲33.1%
3 profitable years in a row build equity to €101k.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
31-03
Financial
Weakest financial yearnet €-5k ▼154%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Mortsel · 1 establishment unit 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.
Singel 472640 MortselGround area
248 m²
Building footprint
127 m²
Volume, LiDAR
963 m³
Parcel 11513C0149/00N004, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Singel 47, 2640 Mortsel
since 20172.264.360.476
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0149/00N004 | Flanders | 248 m² | 1 · 127 m² | 9.6 m · 3 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.
Similar companies · same sector, comparable size
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BE 1002.510.638
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Of 12,686 companies in sector 86951 we hold annual accounts for 2,142. 1,738 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
Founded25-04-2017
Fiscal year end31-03
Activities, NACEBEL 2025
86951Physiotherapy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.kinesingel.be
E-mail:info@kinesingel.be