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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
KINEFORMA from Merchtem, company number BE0871799574, closed financial year 2025 with a result of € 24,871 after tax. For that financial year KINEFORMA recorded a gross margin of € 319,348 and equity of € -27,320. Compared with financial year 2024, the result moved from € -12,764 to € 24,871. Profitable, and profit is growing. 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 July 3, 2026.
€ -27,320
▲ € 24,871 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,871
▲ still € 12,764 loss in 2024
Profit after tax over the fiscal year.
€ 110,207
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -89,320.
People and assets in 2025
€ 258,641
▲ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 32,561
▼ 33% vs 2024
€ 16,154 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 74,647
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,534
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 235,349 | € 248,788 | € 272,995 | € 319,348 | ▲ 17% |
| Profit after taxes | € -28,618 | € -32,614 | € -12,764 | € 24,871 | ▲ € 37,634 |
| Equity | € -6,814 | € -39,427 | € -52,191 | € -27,320 | ▲ € 24,871 |
| Total debts | € 346,203 | € 352,564 | € 338,213 | € 275,087 | ▼ 19% |
| Cash | € 117,198 | € 113,536 | € 111,656 | € 110,207 | ▼ 1% |
| Retained profit | € -68,814 | € -101,427 | € -114,191 | € -89,320 | ▲ € 24,871 |
| Bank debt | € 79,534 | € 64,119 | € 48,465 | € 32,561 | ▼ 33% |
| Balance sheet total | € 339,389 | € 313,136 | € 286,022 | € 247,767 | ▼ 13% |
Key figures of KINEFORMA, 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 KINEFORMA?
What happened at KINEFORMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,871. Source: NBB ↗
- Kristoffel Foselle became a director. NBB
- Dominique Fosselle became a director. NBB
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,618 loss in 2022 to € 24,871 profit in 2025.
Paid € 874 in corporate taxes since 2022.
Best year ever: 2025, with € 24,871 profit.
Management
Behind KINEFORMA are Kristoffel Foselle and Dominique Fosselle. Dominique Fosselle is also behind Apotheek Merchtem DF and FARMACONSULT DF.
Directors
According to the 2025 annual accounts
Kristoffel Foselle
Managing director
since 2018
since 2018
Establishments
Establishment units
Physical locations of this company
Krekelendries 3
1785 Merchtem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0871.799.574
- VAT number
- BE 0871.799.574
- Registered office
- Krekelendries 3, 1785 Merchtem
- Names & denominations
- KINEFORMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 2005
- Peppol
- Active · Active since 18 Sept 2025
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