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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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KENNETH EXPRESS from Zottegem, company number BE0895756002, closed financial year 2025 with a result of € 22,673 after tax. For that financial year KENNETH EXPRESS recorded a gross margin of € 495,544 and equity of € 295,056. Compared with financial year 2024, the result moved from € 76,536 to € 22,673. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 26, 2025.
€ 295,056
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,673
▼ 70% vs 2024
Profit after tax over the fiscal year.
€ 18,355
▲ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 30,400 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
4.7
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 211,584
▲ 12% vs 2024
€ 45,000 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.
€ 17,552
▼ 56% vs 2024
Of which on lease € 14,224.
Debts at end 2025
€ 1.9 million
▲ 8% vs 2024
€ 180,915 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 222,317
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 50,089
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 417,910 | € 499,218 | € 502,788 | € 495,544 | ▼ 1% |
| Profit after taxes | € -39,196 | € 77,259 | € 76,536 | € 22,673 | ▼ 70% |
| Equity | € 148,989 | € 226,248 | € 302,784 | € 295,056 | ▼ 3% |
| Total debts | € 2,182,756 | € 2,476,263 | € 2,346,032 | € 2,497,969 | ▲ 6% |
| Cash | € 22,045 | € 20,119 | € 10,282 | € 18,355 | ▲ 79% |
| Land & buildings | € 2,062,914 | € 2,478,312 | € 2,432,613 | € 2,410,807 | ▼ 1% |
| Retained profit | € 86,489 | € 163,748 | € 240,284 | € 232,556 | ▼ 3% |
| Dividend | € 0 | € 0 | € 0 | € 30,400 | |
| Bank debt | € 1,828,701 | € 1,821,858 | € 1,757,077 | € 1,894,163 | ▲ 8% |
| Balance sheet total | € 2,331,745 | € 2,702,511 | € 2,648,816 | € 2,793,025 | ▲ 5% |
| Employees (FTE) | 5.5 | 5.4 | 5.5 | 4.7 | ▼ 0.8 |
Key figures of KENNETH EXPRESS, 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 December 2026.
What happened to KENNETH EXPRESS?
What happened at KENNETH EXPRESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kevin Van Steenberge stepped down as director. NBB
- Eric Van Steenberge stepped down as director. NBB
- Kenneth Van Steenberge stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 22,673 (▼ 70% vs 2024). Source: NBB ↗
- Kevin Van Steenberge became a director. NBB
- Eric Van Steenberge became a director. NBB
- Kenneth Van Steenberge became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
In short
From € 39,196 loss in 2022 to € 22,673 profit in 2025.
Paid € 55,038 in corporate taxes since 2022.
Best year ever: 2023, with € 77,259 profit.
On average € 105,400 of value added per employee in 2025.
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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
since 2020 · until 2026
Eric Van Steenberge
Managing director
since 2020 · until 2026
Kenneth Van Steenberge
Managing director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Steenweg op Aalst 5
9620 Zottegem
Maenhoutstraat 10
9830 Sint-Martens-Latem
Active since 30 March 2010
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0895.756.002
- VAT number
- BE 0895.756.002
- Registered office
- Steenweg op Aalst 5, 9620 Zottegem
- Names & denominations
- KENNETH EXPRESS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 2008
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
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