KRONOS
ActiveSummary
KRONOS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €634k and a net result of €48k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 1306 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-10
Solvency93▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.3 in 2023; short-term debt: 20.1% and cash: 6.8% of total assets), and 31.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.3%
Return on assets
5.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
29 d late
2022
6 d early
2021
16 d early
2020
31 d late
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€634k▲ 8.3%
2023 · €586k
2018: €366k
2019: €381k▲ +4.0% vs 2018
2020: €364k▼ -4.5% vs 2019lowest in 7 years
2021: €386k▲ +6.1% vs 2020
2022: €466k▲ +20.7% vs 2021
2023: €586k▲ +25.7% vs 2022
2024: €634k▲ +8.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€929k▲ 1.9%
2023 · €912k
2018: €408klowest in 7 years
2019: €673k▲ +65.1% vs 2018
2020: €703k▲ +4.4% vs 2019
2021: €758k▲ +7.9% vs 2020
2022: €820k▲ +8.1% vs 2021
2023: €912k▲ +11.2% vs 2022
2024: €929k▲ +1.9% vs 2023highest in 7 years
2018 → 2024
Net result
€48k▼ 59.7%
2023 · €120k
2018: €31k
2019: €15k▼ -52.4% vs 2018
2020: €-17k▼ -217% vs 2019lowest in 7 years
2021: €22k▲ +229% vs 2020
2022: €80k▲ +263% vs 2021
2023: €120k▲ +49.9% vs 2022highest in 7 years
2024: €48k▼ -59.7% vs 2023
2018 → 2024
Working capital
€162k▲ 167%
2023 · €61k
2018: €119k
2019: €21k▼ -82.1% vs 2018
2020: €-124k▼ -681% vs 2019lowest in 7 years
2021: €-102k▲ +17.5% vs 2020
2022: €-29k▲ +72.0% vs 2021
2023: €61k▲ +312% vs 2022
2024: €162k▲ +167% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€364k-€386k▲ 6.1%€466k▲ 20.7%€586k▲ 25.7%€634k▲ 8.3%
2020: €364klowest in 5 years
2021: €386k▲ +6.1% vs 2020
2022: €466k▲ +20.7% vs 2021
2023: €586k▲ +25.7% vs 2022
2024: €634k▲ +8.3% vs 2023highest in 5 years
Operating result€-11k-€53k€119k▲ 123%€178k▲ 50.0%€104k▼ 41.6%
2020: €-11klowest in 5 years
2021: €53k▲ +595% vs 2020
2022: €119k▲ +123% vs 2021
2023: €178k▲ +50.0% vs 2022highest in 5 years
2024: €104k▼ -41.6% vs 2023
Net result€-17k-€22k€80k▲ 263%€120k▲ 49.9%€48k▼ 59.7%
2020: €-17klowest in 5 years
2021: €22k▲ +229% vs 2020
2022: €80k▲ +263% vs 2021
2023: €120k▲ +49.9% vs 2022highest in 5 years
2024: €48k▼ -59.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €929k
Fixed assets
€580k ▼ 10.3%
Current assets
€349k ▲ 31.7%
Equity and liabilities €929k
Equity
€634k ▲ 8.3%
Debt
€295k ▼ 9.6%
Debt's share of the balance-sheet total falls from 35.8% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€177k▼
2023 · €246k
Cash flow
€121k▼
2023 · €187k
Current ratio
1.87▲
2023 · 1.30
Debt to equity
0.46▼
2023 · 0.56
ROE
7.6%▼
2023 · 20.5%
ROA
5.2%▼
2023 · 13.2%
Interest coverage
13.27▼
2023 · 24.71
Debt ≤ 1 year
€187k▼
2023 · €204k
Debt > 1 year
€108k▼
2023 · €120k
Income taxes
€45k▼
2023 · €51k
Staff costs
€37k▲
2023 · €25k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€912k€929k▲
Fixed assets21/28€647k€580k▼
Tangible fixed assets22/27€643k€576k▼
Land and buildings22€472k€446k▼
Plant, machinery and equipment23€29k€25k▼
Furniture and vehicles24€142k€105k▼
Financial fixed assets28€3k€3k▼
Current assets29/58€265k€349k▲
Amounts receivable within one year40/41€33k€31k▼
Trade receivables40€25k€28k▲
Other amounts receivable41€8k€3k▼
Current investments50/53€180k€250k▲
Cash at bank and in hand54/58€43k€63k▲
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€912k€929k▲
Equity10/15€586k€634k▲
Contributions10/11€19k€19k=
Reserves13€372k€420k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€370k€420k▲
Profit (loss) carried forward14€195k€195k=
Amounts payable17/49€326k€295k▼
Amounts payable after more than one year17€120k€108k▼
Financial debts170/4€120k€108k▼
Amounts payable within one year42/48€204k€187k▼
Current portion of amounts payable after more than one year42€12k€12k=
Trade debts44€16k€9k▼
Suppliers440/4€16k€9k▼
Taxes, remuneration and social security45€20k€15k▼
Taxes450/3€18k€12k▼
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€157k€151k▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€25k€37k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€72k▲
Other operating charges640/8€3k€40k▲
Gross operating margin9900€274k€253k▼
Operating profit (loss)9901€178k€104k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€171k€94k▼
Income taxes67/77€51k€45k▼
Profit (loss) for the period9904€120k€48k▼
Profit (loss) for the period to be appropriated9905€120k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€315k€243k▼
Profit (loss) brought forward from the previous period14P€195k€195k=
Transfer to equity691/2€120k€48k▼
To other reserves6921€120k€48k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €25k | €37k | ▲ 47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75k | €57k | €57k | €67k | €72k | ▲ 7.6% |
| Other operating charges640/8 | - | €47k | €2k | €3k | €40k | ▲ 1,189% |
| Non-recurring operating charges66A | - | €1k | - | - | - | - |
| Gross operating margin9900 | €70k | €158k | €178k | €274k | €253k | ▼ 7.6% |
| Operating profit (loss)9901 | €-11k | €53k | €119k | €178k | €104k | ▼ 41.6% |
| Financial income75/76B | - | €1 | €1 | €2k | €3k | ▲ 13.0% |
| Recurring financial income75 | - | €1 | €1 | €2k | €3k | ▲ 13.0% |
| Financial charges65/66B | - | €7k | €7k | €10k | €13k | ▲ 33.8% |
| Recurring financial charges65 | €6k | €7k | €7k | €10k | €13k | ▲ 33.8% |
| Profit (loss) for the period before taxes9903 | €-17k | €47k | €112k | €171k | €94k | ▼ 45.2% |
| Income taxes67/77 | - | €25k | €32k | €51k | €45k | ▼ 11.3% |
| Profit (loss) for the period9904 | €-17k | €22k | €80k | €120k | €48k | ▼ 59.7% |
| Transfer from tax-exempt reserves789 | - | €24k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-17k | €46k | €80k | €120k | €48k | ▼ 59.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €703k | €758k | €820k | €912k | €929k | ▲ 1.9% |
| Fixed assets21/28 | €644k | €632k | €626k | €647k | €580k | ▼ 10.3% |
| Tangible fixed assets22/27 | €640k | €629k | €623k | €643k | €576k | ▼ 10.4% |
| Land and buildings22 | - | €482k | €498k | €472k | €446k | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €12k | €11k | €29k | €25k | ▼ 12.9% |
| Furniture and vehicles24 | - | €135k | €114k | €142k | €105k | ▼ 26.2% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | ▼ 0.7% |
| Current assets29/58 | €59k | €126k | €194k | €265k | €349k | ▲ 31.7% |
| Amounts receivable within one year40/41 | €10k | €24k | €25k | €33k | €31k | ▼ 5.4% |
| Trade receivables40 | - | €23k | €21k | €25k | €28k | ▲ 14.2% |
| Other amounts receivable41 | - | €906 | €4k | €8k | €3k | ▼ 66.8% |
| Current investments50/53 | - | - | - | €180k | €250k | ▲ 38.9% |
| Cash at bank and in hand54/58 | €42k | €94k | €162k | €43k | €63k | ▲ 46.9% |
| Deferred charges and accrued income490/1 | - | €8k | €6k | €9k | €5k | ▼ 49.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €703k | €758k | €820k | €912k | €929k | ▲ 1.9% |
| Equity10/15 | €364k | €386k | €466k | €586k | €634k | ▲ 8.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €150k | €172k | €252k | €372k | €420k | ▲ 13.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €170k | €250k | €370k | €420k | ▲ 13.6% |
| Profit (loss) carried forward14 | €195k | €195k | €195k | €195k | €195k | = |
| Amounts payable17/49 | €339k | €373k | €354k | €326k | €295k | ▼ 9.6% |
| Amounts payable after more than one year17 | €156k | €144k | €132k | €120k | €108k | ▼ 10.0% |
| Financial debts170/4 | - | €144k | €132k | €120k | €108k | ▼ 10.0% |
| Amounts payable within one year42/48 | €183k | €229k | €222k | €204k | €187k | ▼ 8.6% |
| Current portion of amounts payable after more than one year42 | - | €12k | €12k | €12k | €12k | = |
| Trade debts44 | €35k | €67k | €49k | €16k | €9k | ▼ 44.4% |
| Suppliers440/4 | - | €67k | €49k | €16k | €9k | ▼ 44.4% |
| Taxes, remuneration and social security45 | - | €10k | €2k | €20k | €15k | ▼ 25.1% |
| Taxes450/3 | - | €10k | €2k | €18k | €12k | ▼ 34.7% |
| Remuneration and social security454/9 | - | - | - | €2k | €3k | ▲ 51.1% |
| Other amounts payable47/48 | - | €140k | €159k | €157k | €151k | ▼ 3.6% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €22k | €80k | €120k | €48k | ▼ 59.7% |
| + Depreciation and write-downs630 | €75k | €57k | €57k | €67k | €72k | ▲ 7.6% |
| Operating cash flow (approximation) | €58k | €79k | €137k | €187k | €121k | ▼ 35.5% |
| Investment in fixed assets (approximation) | - | €-45k | €-52k | €-87k | €-6k | ▲ 93.7% |
| Change in cash | - | €51k | €68k | €-119k | €20k | ▲ 117% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €120k ▲49.9%
Operating result €178k, net result €120k, both a record.
31-12
Financial
Equity above €500kEq €586k ▲25.7%
3 profitable years in a row build equity to €586k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Kortrijk · 1 establishment unit since 2001
Ground area
4,508 m²
Building footprint
237 m²
Volume, LiDAR
1,021 m³
Parcel 34022E0768/00C003, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KRONOS
since 20012.093.084.014
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0768/00C003 | Flanders | 4,508 m² | 1 · 237 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 527 companies in sector 52230 we hold annual accounts for 278. 184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
52230Warehousing and support activities for transportation
Scores and ratios are computed by Checked and are not a credit decision.