Parent and group
- JORIS IDE99.98%
KINGSPAN
ActiveSummary
KINGSPAN has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28.7m and a net result of €1.2m, of which €6.8m non-recurring income. Equity has been growing by about 77% per year since 2018. Its solvency ranks better than 94% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 24-10-1994 Normal situation
- Activity
- Wholesale of construction materials, general range NACE 46831
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
- Establishment units
- 2.068.970.903 2280 Grobbendonk, since 22-02-1995
- 2.373.149.441 8791 Waregem, since 31-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Board and ownership
Board
- DM&CManaging director · permanent representative Steven DE RYNCK
- Michel van der HelmDirector
- KINGSPAN HOLDING BELGIUMDirector · permanent representative Gilbert Mc Carthy
Shareholders
- KINGSPAN HOLDING BELGIUM100%· score 932025 annual accounts of KINGSPAN HOLDING BELGIUM
- Kingspan Holdings ltdconsolidatesannual accounts 2025
- Holdings
- Shares in 1 company Kingspan Insulation
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Turnover
- €12.4m
- ▲ 0.8%
- Profit
- €1.2m
- Equity
- €28.7m
- ▲ 4.3%
- Total assets
- €31.2m
- ▲ 4.7%
- Employees on 31-12-2025
- 20
- =
- 2025 accounts filed 24 days after the deadline
Score breakdownraises riskLiquidity: current ratio 12.63, cash €0, halvedlowers riskFounded in 1994Size: turnover €12.4m, 19 FTE, total assets €31.2mEquity €28.7m (92.2% of total assets)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 92.2% of total assets
Liquidity
50=
short-term debt 6.2% · cash 0.0%
Profitability
66+19
return on assets 3.8%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.5%▼ -0.1 percentage points vs 06-2026
08-2026: 0.8%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €1,200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.63 (8.16 in 2024), above the usual 1.5. Short-term debt is 6.2% and cash 0% of total assets. 7.8% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 92% of them on solvency, 61% on liquidity, 54% on profitability and 51% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
21 days late
2023
16 days early
2022
33 days early
2021
1 day late
2020
353 days late
2019
234 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 83 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Resignation: Joep BREUKELS (director)Permanent representative: Steven De Rynck
- · Gazette deed Resignation: Christophe BOUVRY (director)
- · Gazette deed 1 director resigning, 2 reappointedReappointments: Kingspan Holding Belgium NV (director) and Michel van der Helm (director) · Permanent representative: Gilbert Mc Carthy · Resignation: Peter Bullough (director)
Companies linked to KINGSPAN
Comparable companies
These companies have the same main activity as KINGSPAN: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €11m and €20m, founded between 1982 and 1998.
| Company | Total assets | Turnover |
|---|---|---|
| KINGSPAN Grobbendonk | €31.2m | €12.4m |
| SCHEERLINCK Geraardsbergen | €16.6m | €12.9m |
| Hakron België Tubize | €20.5m | €15.9m |
| ALFAFLEX Mechelen | €19.1m | €19.5m |
| ARMA Messancy | €19.0m | €13.5m |
| BOUWSPECIALITEITEN VAN PETEGHEM Lokeren | €16.8m | €15.5m |
| PLASTIEK HOFSTADE Aalst | €11.3m | €12.3m |
Key facts about KINGSPAN
- What is the company number of KINGSPAN?
- The company number of KINGSPAN is 0453.648.016. The VAT number is the same number with BE in front: BE 0453.648.016.
- Where is KINGSPAN based?
- The registered office is at Bouwelven 17, 2280 Grobbendonk.Company details
- What does KINGSPAN do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of KINGSPAN?
- The legal form of KINGSPAN is Public limited company (NV).
- When was KINGSPAN founded?
- KINGSPAN was founded on 24-10-1994.
- Is KINGSPAN still active?
- Yes, KINGSPAN is an active enterprise in the KBO register.
- How many employees does KINGSPAN have?
- KINGSPAN had an average of 19 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KINGSPAN fall under?
- In its 2025 annual accounts, KINGSPAN states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 124 (Paritair Comité voor het bouwbedrijf).
- What is the turnover of KINGSPAN?
- The turnover of KINGSPAN was €12.4m in financial year 2025, according to the filed annual accounts.
- Is KINGSPAN profitable?
- In financial year 2025, KINGSPAN made a profit of €1.2m.
- Where can I find the annual accounts of KINGSPAN?
- KINGSPAN filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KINGSPAN due?
- KINGSPAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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