Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Kinnaird from Hasselt, company number BE0451042575, closed financial year 2026 with a result of € 11,629 after tax. For that financial year Kinnaird recorded a gross margin of € 150,529 and equity of € 97,488. Compared with financial year 2025, the result moved from € 21,322 to € 11,629. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 97,488
▲ 14% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,629
▼ 45% vs 2025
Profit after tax over the fiscal year.
€ 96,370
▲ 97% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 22,488.
People and assets in 2026
2.1
Average over the fiscal year, from the social balance sheet.
€ 107,655
▲ 1% vs 2025
€ 51,300 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.
€ 17
▼ 97% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 125,000
Loans from banks and other lenders, long and short.
€ 91,534
▲ 4% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 20,300
▼ 13% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 74,538 | € 96,355 | € 139,205 | € 150,529 | ▲ 8% |
| Profit after taxes | € 6,575 | € -24,677 | € 21,322 | € 11,629 | ▼ 45% |
| Equity | € 89,213 | € 64,537 | € 85,858 | € 97,488 | ▲ 14% |
| Total debts | € 388,435 | € 305,422 | € 261,438 | € 1,406,027 | ▲ € 1.1 million |
| Cash | € 162,536 | € 40,566 | € 49,006 | € 96,370 | ▲ 97% |
| Land & buildings | € 365 | € 4,807 | € 4,308 | € 1,107,470 | ▲ € 1.1 million |
| Retained profit | € 14,213 | € -10,463 | € 10,858 | € 22,488 | ▲ 107% |
| Dividend | € 4,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 147,971 | € 125,000 | € 125,000 | € 125,000 | |
| Balance sheet total | € 477,648 | € 369,958 | € 347,297 | € 1,503,515 | ▲ € 1.2 million |
| Employees (FTE) | 1.7 | 1.7 | 2.1 | 2.1 |
Key figures of Kinnaird, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to Kinnaird?
What happened at Kinnaird in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 11,629 (▼ 45% vs 2025). Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,575 profit in 2023 to € 11,629 profit in 2026.
Paid € 7 in corporate taxes since 2023.
Best year ever: 2025, with € 21,322 profit.
On average € 71,700 of value added per employee in 2026.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of OLRA, AMBERT, HASAR, SPIDERS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KinnairdBehind Kinnaird are OLRA BV, Ambert BV and HASAR BV. The shares are held by OLRA (16.7%), AMBERT (16.7%), HASAR (16.7%) and SPIDERS (16.7%).
Directors
According to the 2026 annual accounts
Director · represented by Liesbeth Helsen
Also active at: HELSEN, Flanders Fashion Consulting
Director · represented by Bert Helsen
Also active at: HELSEN, HELSEN TAILORS, Flanders Fashion Consulting
Director · represented by Frank Helsen
Also active at: HELSEN, HELSEN TAILORS, Flanders Fashion Consulting
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kapelstraat 13
3500 Hasselt
Kapelstraat 57
3500 Hasselt
Active since 15 December 1993
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.042.575
- VAT number
- BE 0451.042.575
- Registered office
- Kapelstraat 13, 3500 Hasselt
- Names & denominations
- Kinnaird
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 1993
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
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