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 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KGA Initiative from Hoogstraten, company number BE0775596459, closed financial year 2025 with a result of € 27,904 after tax. For that financial year KGA Initiative recorded a gross margin of € 54,053 and equity of € 30,904. Compared with financial year 2024, the result moved from € 8,624 to € 27,904. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 30,904
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27,904
▲ 224% vs 2024
Profit after tax over the fiscal year.
€ 6,986
▲ € 5,522 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 44,390 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 53,912
▲ 289% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 46,566
▲ € 39,755 vs 2024
€ 13,421 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,884
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,896
▲ 250% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 56,362 | € 10,319 | € 22,227 | € 54,053 | ▲ 143% |
| Profit after taxes | € 35,712 | € 54 | € 8,624 | € 27,904 | ▲ 224% |
| Equity | € 38,712 | € 38,766 | € 47,390 | € 30,904 | ▼ 35% |
| Total debts | € 37,243 | € 36,144 | € 19,843 | € 93,642 | ▲ € 73,799 |
| Cash | € 43,718 | € 1,515 | € 1,464 | € 6,986 | ▲ € 5,522 |
| Land & buildings | - | - | - | € 7,740 | |
| Retained profit | € 35,712 | € 35,766 | € 44,390 | € 27,904 | ▼ 37% |
| Dividend | € 0 | € 0 | € 0 | € 44,390 | |
| Bank debt | € 22,747 | € 14,851 | € 6,811 | € 46,566 | ▲ € 39,755 |
| Balance sheet total | € 75,955 | € 74,909 | € 67,233 | € 124,546 | ▲ 85% |
Key figures of KGA Initiative, 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 KGA Initiative?
What happened at KGA Initiative in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 27,904 (▲ 224% vs 2024). Source: NBB ↗
- New establishment in Hoogstraten. KBO
- Start of the company according to the CBE. KBO
- Kristof Gabriels became a director. NBB
In short
From € 35,712 profit in 2022 to € 27,904 profit in 2025.
Paid € 26,029 in corporate taxes since 2022.
Best year ever: 2022, with € 35,712 profit.
Paid out € 44,390 in dividends to the owners in total.
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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
Behind KGA Initiative is Kristof Gabriels. It owns 100% of Mathit itself.
Directors
According to the 2025 annual accounts
Kristof Gabriels
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Leemstraat 26 box H
2320 Hoogstraten
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0775.596.459
- VAT number
- BE 0775.596.459
- Registered office
- Leemstraat 26 bus H, 2320 Hoogstraten
- Names & denominations
- KGA Initiative
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 October 2021
- Peppol
- Active · Active since 23 Apr 2025
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