Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KINN-ETHICS from Kortenaken, company number BE0839572612, closed financial year 2025 with a result of € -65,683 after tax. For that financial year KINN-ETHICS recorded a gross margin of € -1,568 and equity of € 179,857. Compared with financial year 2024, the result moved from € -64,205 to € -65,683. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 179,857
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,683
▼ 2 % more loss than in 2024
Profit after tax over the fiscal year.
€ 55,368
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 161,257.
People and assets in 2025
€ 25,500
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 589
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 225
▲ 7% 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 | € 88,673 | € 70,142 | € -2,788 | € -1,568 | ▲ € 1,220 |
| Profit after taxes | € 37,327 | € 4,711 | € -64,205 | € -65,683 | ▼ € 1,478 |
| Equity | € 305,033 | € 309,744 | € 245,540 | € 179,857 | ▼ 27% |
| Total debts | € 295,557 | € 331,606 | € 294,412 | € 276,385 | ▼ 6% |
| Cash | € 46,486 | € 66,890 | € 76,641 | € 55,368 | ▼ 28% |
| Land & buildings | € 393,924 | € 351,881 | € 309,838 | € 267,794 | ▼ 14% |
| Retained profit | € 286,433 | € 291,144 | € 226,940 | € 161,257 | ▼ 29% |
| Bank debt | € 71,152 | € 21,305 | € 0 | € 0 | |
| Balance sheet total | € 600,590 | € 641,350 | € 539,952 | € 456,242 | ▼ 16% |
Key figures of KINN-ETHICS, 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 KINN-ETHICS?
What happened at KINN-ETHICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 65,683. filed late Source: NBB ↗
- New establishment in Kortenaken. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,327 profit in 2022 to € 65,683 loss in 2025.
Paid € 47,407 in corporate taxes since 2022.
Best year ever: 2022, with € 37,327 profit.
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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
Directors
According to the 2025 annual accounts
GEORGES KINNET
Director
Establishments
Establishment units
Physical locations of this company
Gelbergenstraat 27
3471 Kortenaken
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0839.572.612
- VAT number
- BE 0839.572.612
- Registered office
- Gelbergenstraat 27, 3471 Kortenaken
- Names & denominations
- KINN-ETHICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2011
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in delen en toebehoren van motorvoertuigen
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Catering van evenementen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen
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