KWINK
ActiveKWINK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €89k and a net result of €46. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 8967 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▲+51
Solvency52▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.19 in 2023; short-term debt: 56.1% and cash: 0.1% of total assets), and 73.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
26.8%
Return on assets
0%
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 29-08-2025, 29 days 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
29 d late
2023
31 d late
2022
42 d early
2021
27 d early
2020
50 d early
2019
50 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€89k▲ 0.1%
2023 · €89k
2018: €30k
2019: €72k
2020: €115k
2021: €141k
2022: €152k
2023: €89k
2018 → 2024
Total assets
€331k▼ 2.6%
2023 · €340k
2018: €462k
2019: €552k
2020: €604k
2021: €510k
2022: €289k
2023: €340k
2018 → 2024
Net result
€46
2023 · €-40k
2018: €-58k
2019: €42k
2020: €44k
2021: €26k
2022: €11k
2023: €-40k
2018 → 2024
Working capital
€-154k▼ 6.5%
2023 · €-145k
2018: €232k
2019: €360k
2020: €429k
2021: €333k
2022: €75k
2023: €-145k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€115k-€141k▲ 22.8%€152k▲ 7.6%€89k▼ 41.8%€89k▲ 0.1%
Operating result€46k-€43k▼ 5.9%€22k▼ 49.7%€-34k€9k
Net result€44k-€26k▼ 39.9%€11k▼ 59.0%€-40k€46
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9k after a loss of €34k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €331k
Fixed assets
€300k▼ 2.0%
Current assets
€31k▼ 8.5%
Equity and liabilities €331k
Equity
€89k▲ 0.1%
Debt
€243k▼ 3.6%
The debt ratio falls from 73.9% to 73.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2023 · €-14k
Cash flow
€27k▲
2023 · €-20k
Solvency
26.8%▲
2023 · 26.1%
Current ratio
0.17▼
2023 · 0.19
Quick ratio
0.17▼
2023 · 0.19
Debt / equity
2.73▼
2023 · 2.84
ROE
0.1%▲
2023 · -45.3%
ROA
0.0%▲
2023 · -11.8%
Interest coverage
4.36▲
2023 · -2.48
Debt
€243k▼
2023 · €251k
Debt ≤ 1 year
€186k▲
2023 · €179k
Debt > 1 year
€54k▼
2023 · €72k
Income taxes
€546▲
2023 · €533
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€340k€331k▼
Fixed assets21/28€306k€300k▼
Tangible fixed assets22/27€306k€300k▼
Land and buildings22€70k€69k▼
Furniture and vehicles24€236k€231k▼
Current assets29/58€34k€31k▼
Amounts receivable within one year40/41€20k€24k▲
Trade receivables40€14k€18k▲
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€317€317=
Deferred charges and accrued income490/1€13k€7k▼
Equity and liabilities
Total equity and liabilities10/49€340k€331k▼
Equity10/15€89k€89k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€3k€3k=
Reserves13€162k€162k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€38k€38k=
Distributable reserves133€124k€124k=
Profit (loss) carried forward14€-95k€-95k=
Amounts payable17/49€251k€243k▼
Amounts payable after more than one year17€72k€54k▼
Financial debts170/4€72k€54k▼
Amounts payable within one year42/48€179k€186k▲
Current portion of amounts payable after more than one year42€38k€45k▲
Financial debts43€37k€48k▲
Credit institutions430/8€37k€48k▲
Trade debts44€13k€14k▲
Suppliers440/4€13k€14k▲
Taxes, remuneration and social security45€22k€25k▲
Taxes450/3€22k€19k▼
Remuneration and social security454/9€0€6k▲
Other amounts payable47/48€70k€54k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€27k▲
Other operating charges640/8€26k€3k▼
Gross operating margin9900€12k€38k▲
Operating profit (loss)9901€-34k€9k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€-40k€592▲
Income taxes67/77€533€546▲
Profit (loss) for the period9904€-40k€46▲
Profit (loss) for the period to be appropriated9905€-40k€46▲
Appropriation of the result
Profit (loss) to be appropriated9906€-95k€-95k=
Profit (loss) brought forward from the previous period14P€-55k€-95k▼
Transfer from equity791/2€23k€0▼
Transfer to equity691/2€23k€0▼
To contributions691€23k€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.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €46
Net result €46 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €152k ▲7.6%
4 profitable years in a row build equity to €152k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €44k ▲4.5%
Net result €44k, the highest in the series.
31-12
Financial
Equity above €100kEq €115k ▲61.1%
2 profitable years in a row build equity to €115k.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
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
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
07-06-2023
Resigned as Director
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1994
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.
Ten Hove 218200 BruggeGround area
1,522 m²
Building footprint
263 m²
Volume, LiDAR
1,630 m³
2 parcels, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KWINK
since 19942.068.450.467
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0072/00Z003 | Flanders | 995 m² | 1 · 138 m² | 11.7 m · 2 fl. |
| 31030A0071/00L007 | Flanders | 527 m² | 1 · 125 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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2bwatched
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 3,025 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-1994
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
68311Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.