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 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
IKNIK from Turnhout, company number BE0741485618, closed financial year 2026 with a result of € -112,954 after tax. For that financial year IKNIK recorded a gross margin of € -94,941 and equity of € -136,456. Compared with financial year 2025, the result moved from € -82,293 to € -112,954. 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 September 18, 2026.
€ -136,456
▼ € 112,954 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -112,954
▼ 37 % more loss than in 2025
Profit after tax over the fiscal year.
€ 915
▼ 89% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -141,456.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2026
€ 419,000
▼ 24% vs 2025
Loans from banks and other lenders, long and short.
€ 279
▼ 97% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 32,481 | € 42,157 | € -50,519 | € -94,941 | ▼ € 44,422 |
| Profit after taxes | € 15,873 | € 7,691 | € -82,293 | € -112,954 | ▼ € 30,660 |
| Equity | € 51,099 | € 58,791 | € -23,502 | € -136,456 | ▼ € 112,954 |
| Total debts | € 512,268 | € 651,481 | € 586,003 | € 481,987 | ▼ 18% |
| Cash | € 5,432 | € 89 | € 8,149 | € 915 | ▼ 89% |
| Retained profit | € 46,099 | € 53,791 | € -28,502 | € -141,456 | ▼ € 112,954 |
| Bank debt | € 496,850 | € 634,850 | € 553,314 | € 419,000 | ▼ 24% |
| Balance sheet total | € 563,368 | € 710,272 | € 562,500 | € 345,532 | ▼ 39% |
Key figures of IKNIK, 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 October 2027.
What happened to IKNIK?
What happened at IKNIK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 112,954. Source: NBB ↗
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,873 profit in 2023 to € 112,954 loss in 2026.
Paid € 7,855 in corporate taxes since 2023.
Best year ever: 2023, with € 15,873 profit.
Management
Behind IKNIK is Francis Adams. Francis Adams is also behind THE CONCEPT GROUP, Timm, TCOG Holding, Carcis and EASY RETAIL CONCEPT.
Directors
According to the 2026 annual accounts
Francis Adams
Administrator-manager
Also active at: THE CONCEPT GROUP, Timm, TCOG Holding, Carcis, EASY RETAIL CONCEPT, CARPDIEM, ADACRE
Establishments
Establishment units
Physical locations of this company
Ruiten 6
2300 Turnhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0741.485.618
- VAT number
- BE 0741.485.618
- Registered office
- Ruiten 6, 2300 Turnhout
- Names & denominations
- IKNIK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 2020
- Peppol
- Active · Active since 25 Mar 2025
- Contact
- [email protected]
- Activities · NACE
Algemene bouw van andere niet-residentiële gebouwen
Algemene bouw van kantoorgebouwen
Algemene bouw van residentiële gebouwen
Handel in eigen onroerend goed