kwikwi-projects

Active

Private limited companyfounded 201213 yrs activeNieuwstraat 28, 9260 Wichelen, BelgiumKBO/BCE: BE 0849.020.115

Summary

The computed 12-month bankruptcy probability of kwikwi-projects is 1.6% (moderate). The 2024 annual accounts show equity of €29k and a net result of €-7k. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 591 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability42▼-4

Solvency72▲+5

Growth58=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity ample (current ratio 1.67 against 1.31 in 2023; short-term debt: 32.3% and cash: 26.6% of total assets), but 52.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

47.3%

Return on assets

-12.3%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-7k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-03-2025, 141 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

141 d early

2023

1 d early

2022

27 d early

2021

37 d early

2020

50 d early

2019

28 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€29k▼ 20.6%

2023 · €36k

2018: €49k 2019: €38k 2020: €29k 2021: €26k 2022: €44k 2023: €36k

2018 → 2024

Total assets

€61k▼ 29.6%

2023 · €86k

2018: €50k 2019: €40k 2020: €31k 2021: €28k 2022: €50k 2023: €86k

2018 → 2024

Net result

€-7k▲ 6.9%

2023 · €-8k

2018: €-11k 2019: €-11k 2020: €1k 2021: €-3k 2022: €18k 2023: €-8k

2018 → 2024

Working capital

€13k▲ 31.8%

2023 · €10k

2018: €18k 2019: €16k 2020: €16k 2021: €24k 2022: €28k 2023: €10k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€29k-€26k▼ 11.7%€44k▲ 70.7%€36k▼ 18.1%€29k▼ 20.6%

Operating result€1k-€-3k€19k€-7k€-7k▲ 6.4%

Net result€1k-€-3k€18k€-8k€-7k▲ 6.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €7k in 2024 against €7k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €61k

46.1%

53.9%

Fixed assets €28k ▼ 36.6%

Current assets €33k ▼ 22.2%

Equity and liabilities €61k

47.3%

52.7%

Equity €29k ▼ 20.6%

Debt €32k ▼ 36.0%

Debt's share of the balance-sheet total falls from 58.0% to 52.7%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€2k▼

2023 · €3k

Cash flow

€2k▼

2023 · €2k

Current ratio

1.67▲

2023 · 1.31

Debt to equity

1.11▼

2023 · 1.38

ROE

-26.0%▼

2023 · -22.2%

ROA

-12.3%▼

2023 · -9.3%

Interest coverage

4.58▼

2023 · 4.73

Debt ≤ 1 year

€20k▼

2023 · €32k

Debt > 1 year

€12k▼

2023 · €18k

Income taxes

€0▲

2023 · €0

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 · 48 lines

Balance sheet Code20232024

Assets

Total assets20/58€86k€61k▼

Fixed assets21/28€44k€28k▼

Intangible fixed assets21€10k€3k▼

Tangible fixed assets22/27€34k€25k▼

Plant, machinery and equipment23€2k€2k▼

Furniture and vehicles24€32k€24k▼

Current assets29/58€42k€33k▼

Stocks and contracts in progress3€18k€0▼

Stocks30/36€18k€0▼

Amounts receivable within one year40/41€9k€17k▲

Trade receivables40€9k€17k▲

Other amounts receivable41€83€0▼

Cash at bank and in hand54/58€15k€16k▲

Deferred charges and accrued income490/1€42€0▼

Equity and liabilities

Total equity and liabilities10/49€86k€61k▼

Equity10/15€36k€29k▼

Contributions10/11€13k€13k=

Reserves13€30k€30k=

Distributable reserves133€30k€30k=

Profit (loss) carried forward14€-6k€-14k▼

Amounts payable17/49€50k€32k▼

Amounts payable after more than one year17€18k€12k▼

Financial debts170/4€18k€12k▼

Amounts payable within one year42/48€32k€20k▼

Current portion of amounts payable after more than one year42€5k€6k▲

Trade debts44€3k€1k▼

Suppliers440/4€3k€1k▼

Taxes, remuneration and social security45€887€268▼

Taxes450/3€887€268▼

Other amounts payable47/48€23k€13k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€0▲

Other operating charges640/8€736€7k▲

Gross operating margin9900€2k€10k▲

Operating profit (loss)9901€-7k€-7k▲

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€589€507▼

Recurring financial charges65€589€507▼

Profit (loss) for the period before taxes9903€-8k€-7k▲

Income taxes67/77€0€0▲

Profit (loss) for the period9904€-8k€-7k▲

Profit (loss) for the period to be appropriated9905€-8k€-7k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-8k€-14k▼

Profit (loss) brought forward from the previous period14P€0€-6k▼

Transfer from equity791/2€2k€0▼

Transfer to equity691/2€0-

To other reserves6921€0-

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

12-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

04-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €18k

Net result €18k after one loss-making year.

24-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

11-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €1k

Net result €1k after 2 loss-making years.

03-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Weakest financial yearnet €-11k

Net result drops to €-11k, the lowest in the series; recovery starts the following year.

15-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

05-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

22-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

15-06

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.

Directors · office · real estate

Directors

5 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, Wichelen · 1 establishment unit since 2012

establishment The establishment unit on the map

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.

Nieuwstraat 289260 Wichelen

Ground area

620 m²

Building footprint

145 m²

Volume, LiDAR

747 m³

Parcel 42020A0129/00A003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

kwikwi-projects

Nieuwstraat 28, 9260 WichelenWholesale trade

since 20122.213.335.409

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42020A0129/00A003	Flanders	620 m²	1 · 145 m²	10.0 m · 2 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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 7,000 EUR awarded · 7,000 EUR paid

Year	Entries	awarded	paid
2022	1	7,000 EUR	7,000 EUR

Schemes

Subsidies voor internationaal ondernemen

1 entry · 7,000 EUR · 7,000 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Similar companies · same sector, comparable size

La Bruyère · Eq €28,416

Of 1,437 companies in sector 79110 we hold annual accounts for 880. 579 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

Founded26-09-2012

Fiscal year end31-12

Activities, NACEBEL 2025

79110Travel agency activities

46498Wholesale trade

Sources

Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.