Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 34.1 to 27.7.
-
Busy address KBO
26 other companies have their registered office at the same address; threshold 10.
-
Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
KINLYS GROUP from Brugge, company number BE0435946506, closed financial year 2025 with a result of € -9.3 million after tax. For that financial year KINLYS GROUP recorded revenue of € 10.1 million and equity of € -5.8 million. Compared with financial year 2024, the result moved from € -2.6 million to € -9.3 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 2, 2026.
€ -5.8 million
▼ € 6.8 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9.3 million
▼ 254 % more loss than in 2024
Profit after tax over the fiscal year.
€ 105,600
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.7 million.
People and assets in 2025
27.7
▼ 5.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▼ 13% vs 2024
€ 65,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,760
▼ 64% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8 million
▲ 2% vs 2024
€ 214,933 is repaid this year. At this pace the long-term loan is gone in ≈ 37 years.
€ 1.5 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 283,913
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,160,594 | € 10,851,504 | € 10,733,968 | € 10,106,887 | ▼ 6% |
| Profit after taxes | € -1,757,431 | € -2,152,708 | € -2,623,667 | € -9,295,978 | ▼ € 6.7 million |
| Equity | € 5,810,713 | € 3,658,005 | € 1,034,337 | € -5,761,640 | ▼ € 6.8 million |
| Total debts | € 6,117,952 | € 7,789,903 | € 9,857,393 | € 9,761,718 | ▼ 1% |
| Cash | € 110,075 | € 364,475 | € 139,994 | € 105,600 | ▼ 25% |
| Retained profit | € 4,348,713 | € 2,196,005 | € -427,663 | € -9,723,640 | ▼ € 9.3 million |
| Bank debt | € 3,511,567 | € 5,764,444 | € 7,818,429 | € 7,982,072 | ▲ 2% |
| Balance sheet total | € 11,928,665 | € 11,447,908 | € 10,891,730 | € 6,050,849 | ▼ 44% |
| Employees (FTE) | 40.2 | 34.1 | 32.9 | 27.7 | ▼ 5.2 |
Key figures of KINLYS GROUP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KINLYS GROUP?
What happened at KINLYS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
KINLYS GROUP is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- Lt Capital & Advice BV stepped down as director. NBB
- Malou Consult BV stepped down as director. NBB
- Eindgoed BV stepped down as director. NBB
- Gentvest NV stepped down as director. NBB
- Magui BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9.3 million. Source: NBB ↗
- Lt Capital & Advice BV became a director. NBB
- Malou Consult BV became a director. NBB
In short
From € 1.8 million loss in 2022 to € 9.3 million loss in 2025.
Paid € 3,828 in corporate taxes since 2022.
Pays suppliers within 49 days on average.
Management
The stake of GENTVEST, DE STUURKAMER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KINLYS GROUPThe shares are held by GENTVEST (50%) and DE STUURKAMER (50%).
Directors
According to the 2025 annual accounts
Director · represented by Jean-Marie De Buck van Overstraeten
Also active at: OTRECO, Verhofsté, GENTVEST, P.N.T., Square Group, OTRECO INVESTMENT GROUP, ACLAGRO PROJECTS, ELATAN
since 2022 · until 2028
Director · represented by Piet De Geyter
Also active at: GENTVEST, MoveUP, Cascador Health
since 2022 · until 2028
since 2022 · until 2028
Director · represented by Katia De Geyter
Also active at: STUDIEBUREEL VOOR AUTOMOBIELTRANSPORT, OTRECO INVESTMENT GROUP, ELATAN
since 2022 · until 2028
since 2022 · until 2028
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hamiltonpark 24-26
8000 Brugge
Oostrozebeeksestraat(O) 125
8710 Wielsbeke
Active since 19 December 1988
Zwaantjesstraat(O) 8
8710 Wielsbeke
Active since 12 October 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 26 companies are registered at this address.
All companies at this address →Roger Vanden Berghe
€ -91,807 gross margin · 2025
Rewa Benelux
€ -12,273 gross margin · 2025
DE VLIER REAL ESTATE
€ 372,622 gross margin · 2024
EQUINOXE IMMO
€ 971,940 gross margin · 2025
DE RESE ROGER
€ -195 gross margin · 2025
+21 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.946.506
- VAT number
- BE 0435.946.506
- Registered office
- Hamiltonpark 24-26, 8000 Brugge
- Names & denominations
- KINLYS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 8 December 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in voedsel voor huisdieren
Handelsbemiddeling in de groothandel in landbouwgrondstoffen, levende dieren en textielgrondstoffen en halffabricaten
Handelsbemiddeling in landbouwproducten, levende dieren, textielgrondstoffen en halffabrikaten