Meubles KALIN
ActiveSummary
For Meubles KALIN, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €60k and a net result of €-6k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 23178 sector peers (fiscal year 2022). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability61=
Solvency83▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
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
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 2022Solvency, return and age of the figures
Solvency
58.1%
Return on assets
-6.2%
Age of the figures
45 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-07-2023, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
3 d early
2021
2 d late
2020
17 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€60k▼ 9.7%
2021 · €66k
2018: €79k
2019: €74k
2020: €71k
2021: €66k
2018 → 2022
Total assets
€103k▼ 11.4%
2021 · €116k
2018: €145k
2019: €130k
2020: €121k
2021: €116k
2018 → 2022
Net result
€-6k▲ 8.5%
2021 · €-7k
2018: €-5k
2019: €-5k
2020: €-2k
2021: €-7k
2018 → 2022
Working capital
€15k▲ 24.9%
2021 · €12k
2018: €-12k
2019: €-3k
2020: €9k
2021: €12k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€79k-€74k▼ 6.5%€71k▼ 3.2%€66k▼ 7.5%€60k▼ 9.7%
Operating result€-13k-€-13k▲ 1.0%€-8k▲ 38.2%€-10k▼ 27.4%€-11k▼ 10.1%
Net result€-5k-€-5k▼ 11.9%€-2k▲ 53.9%€-7k▼ 197%€-6k▲ 8.5%
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 €11k in 2022 against €10k in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €103k
Fixed assets
€65k ▼ 14.5%
Current assets
€37k ▼ 5.5%
Equity and liabilities €103k
Equity
€60k ▼ 9.7%
Provisions
€9k ▼ 15.6%
Debt
€34k ▼ 13.2%
Debt's share of the balance-sheet total falls from 34.0% to 33.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€877▼
2021 · €2k
Cash flow
€6k▲
2021 · €5k
Current ratio
1.70▲
2021 · 1.45
Quick ratio
0.55▲
2021 · 0.34
Debt to equity
0.57▼
2021 · 0.60
ROE
-10.8%▼
2021 · -10.6%
ROA
-6.2%▼
2021 · -6.0%
Interest coverage
22.24▼
2021 · 42.09
Debt ≤ 1 year
€22k▼
2021 · €27k
Debt > 1 year
€12k=
2021 · €12k
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 · 2022 against 2021 · 49 lines
Balance sheet
Code20212022
Assets
Total assets20/58€116k€103k▼
Fixed assets21/28€77k€65k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€77k€65k▼
Land and buildings22€75k€63k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€0€0=
Current assets29/58€39k€37k▼
Amounts receivable after more than one year29€0-
Stocks and contracts in progress3€30k€25k▼
Stocks30/36€30k€25k▼
Amounts receivable within one year40/41€0-
Other amounts receivable41€0-
Cash at bank and in hand54/58€9k€12k▲
Equity and liabilities
Total equity and liabilities10/49€116k€103k▼
Equity10/15€66k€60k▼
Contributions10/11€17k€17k=
Revaluation surpluses12€0€0=
Reserves13€22k€19k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€20k€17k▼
Profit (loss) carried forward14€26k€23k▼
Provisions and deferred taxes16€10k€9k▼
Deferred taxes168€10k€9k▼
Amounts payable17/49€39k€34k▼
Amounts payable after more than one year17€12k€12k=
Other amounts payable178/9€12k€12k=
Amounts payable within one year42/48€27k€22k▼
Trade debts44€27k€21k▼
Suppliers440/4€27k€21k▼
Taxes, remuneration and social security45€299€318▲
Taxes450/3€299€318▲
Other amounts payable47/48€51€2▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€256€364▲
Gross operating margin9900€2k€1k▼
Operating profit (loss)9901€-10k€-11k▼
Financial income75/76B€3k€3k=
Recurring financial income75€3k€3k=
Financial charges65/66B€43€39▼
Recurring financial charges65€43€39▼
Profit (loss) for the period before taxes9903€-7k€-8k▼
Transfer from deferred taxes780-€2k
Profit (loss) for the period9904€-7k€-6k▲
Transfer from tax-exempt reserves789€5k€3k▼
Profit (loss) for the period to be appropriated9905€-2k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€23k▼
Profit (loss) brought forward from the previous period14P€28k€26k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 44 days late
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 27 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
1 establishment unit since 1999
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.
Ground area
3.7 ha
Building footprint
7,853 m²
Volume, LiDAR
467 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place Lambert Fraipont 6, 4800 Verviers
since 19992.091.372.854
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051C0281/00W005 | Wallonia | 3.7 ha | 1 · 7,799 m² | - |
| 63022A0309/00B000 | Wallonia | 69 m² | 1 · 54 m² | 11.1 m · 3 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.
Similar companies · same sector, comparable size
DE KAMENIER
BE 0633.736.929
Tielt · Eq €59,373
JAPAN CENTER
BE 0455.110.241
Niel · Eq €59,823
DECORMAT LIEGE
BE 0721.627.144
Liège · Eq €59,324
Ziloo Interior Concept
BE 0772.910.252
Chastre · Eq €59,321
MOODDESIGN
BE 0817.932.308
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Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,236 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 (pre-2019)
Founded02-10-1998
Fiscal year end31-12
Abbreviation FR
M.K.
Activities, NACEBEL 2025
47551Retail sale of household furniture
47552Retail sale of lighting equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.