Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2022, 2023.
Financials
Financial year 2025
KICK AND RUSH from Wavre, company number BE0457855935, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year KICK AND RUSH recorded revenue of € 25.6 million and equity of € 177,714. Compared with financial year 2024, the result moved from € 9,990 to € -1.5 million. The company made a loss. The buffer shrank hard: equity is 86 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 177,714
▼ 86% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ still € 9,990 profit in 2024
Profit after tax over the fiscal year.
€ 256,288
▲ 113% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -338,944.
People and assets in 2025
29
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▲ 38% vs 2024
€ 115,000 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.
€ 527,845
▲ 14% vs 2024
Of which on lease € 23,135.
Debts at end 2025
€ 5.3 million
▲ 119% vs 2024
€ 349,894 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 4.5 million
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 71 days on average.
€ 330,616
▲ 134% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 21,479,434 | € 20,850,502 | € 21,603,347 | € 25,636,896 | ▲ 19% |
| Profit after taxes | € 268,355 | € -445,104 | € 9,990 | € -1,495,861 | ▼ € 1.5 million |
| Equity | € 1,689,004 | € 1,243,900 | € 1,253,890 | € 177,714 | ▼ 86% |
| Total debts | € 8,735,959 | € 8,754,848 | € 7,407,511 | € 10,465,446 | ▲ 41% |
| Cash | € 496,884 | € 516,301 | € 120,299 | € 256,288 | ▲ 113% |
| Retained profit | € 1,364,846 | € 919,742 | € 929,732 | € -338,944 | ▼ € 1.3 million |
| Dividend | € 78,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 2,163,192 | € 2,413,222 | € 2,403,359 | € 5,266,852 | ▲ 119% |
| Balance sheet total | € 10,424,963 | € 9,998,748 | € 8,661,401 | € 10,643,160 | ▲ 23% |
| Employees (FTE) | 31 | 33 | 28 | 29 | ▲ 1 |
Key figures of KICK AND RUSH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to KICK AND RUSH?
What happened at KICK AND RUSH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tom Verhaert stepped down as director. NBB
- Thibaut Fontaine stepped down as director. NBB
- Henri Caron stepped down as director. NBB
- Michel Van Bavel stepped down as director. NBB
- François Van Derton stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.5 million (▼ € 1.5 million vs 2024). Source: NBB ↗
- Tom Verhaert became a director. NBB
- Thibaut Fontaine became a director. NBB
In short
From € 268,355 profit in 2022 to € 1.5 million loss in 2025.
Paid € 81,563 in corporate taxes since 2022.
Best year ever: 2022, with € 268,355 profit.
Paid out € 78,000 in dividends to the owners in total.
Management
The shares are held by GMP sa (31.9%), Bavelco Holding (22%), Spirit Of "D" (15.6%), Coder Management (12.3%), Emperat (12.3%) and Oscar Gift sprl (6%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2031
Henri Caron
Director
since 2025 · until 2031
Michel Van Bavel
Director
Also active at: ANTWERP HOCKEY INVEST, VAN BAVEL, BAVELCO HOLDING, Bavelco Immo
since 2025 · until 2031
since 2025 · until 2031
Shareholders
31.9%
22%
15.6%
12.3%
12.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Boulevard de l'Europe 123
1300 Wavre
Vestinglaan 55
2650 Edegem
Active since 1 May 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →CODIVES
€ 47,173 gross margin · 2025
G.M.P. same network
€ -22,610 gross margin · 2026
Coder Management same network
€ 3,017 gross margin · 2025
Fiduciaire Consulting BCF
€ 381,300 gross margin · 2025
ADK Management
€ 92,564 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
kickandrush.com
Registered
2006-06-12
Registrar
Cloudflare, Inc.
Expires
2026-06-12
Website info
Features
Security
Network
Details
- Company number
- 0457.855.935
- VAT number
- BE 0457.855.935
- Registered office
- Boulevard de l'Europe 123, 1300 Wavre
- Names & denominations
- KICK AND RUSH · KICK en RUSH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 April 1996
- Peppol
- Active · Active since 7 Apr 2026
- Activities · NACE
Activiteiten van reclamebureaus
Textielveredeling