ACTIVE

KIVINE

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 k €

-9.5% YoY

Gross margin

3,3 k €

-4.8% YoY

Equity

46,9 k €

+3.7% YoY

What does KIVINE do?

KIVINE is a Private limited company incorporated in 1989. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.910.152

Incorporation

15/11/1989

Legal form

Private limited company

Registered office

Rue Groeselenberg 37
1180 Uccle · BruxellesSee on map

Contributed capital

86 165,35 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	3,3 k €	-4.8%	3,4 k €	+107%	1,7 k €	+165%	-2,5 k €	-227%	2 k €	-36.0%	3,1 k €	+0.5%	3,1 k €	-60.4%	7,9 k €	+53.6%	5,1 k €	+142%	-12,2 k €	-163%	19,3 k €	-10.1%	21,5 k €	+92.8%	11,1 k €	-15.1%	13,1 k €	+1038%	-1,4 k €	+13.3%	-1,6 k €	-113%	12,3 k €	+218%	-10,4 k €
EBITDA	3,3 k €	-4.8%	3,4 k €	+771%	-511,2 €	+88.7%	-4,5 k €	-6580%	69,8 €	-97.8%	3,1 k €	+0.5%	3,1 k €	-48.2%	6 k €	+444%	1,1 k €	+108%	-14,2 k €	-182%	17,3 k €	-11.1%	19,5 k €	+109%	9,3 k €	-17.9%	11,3 k €	+464%	-3,1 k €	+5.5%	-3,3 k €	-131%	10,8 k €	+176%	-14,3 k €
Operating result	1,8 k €	-8.4%	2 k €	+281%	-1,1 k €	+76.3%	-4,6 k €	-39453%	-11,6 €	-100%	3 k €	+7.9%	2,8 k €	-29.5%	4 k €	+261%	-2,5 k €	+87.0%	-19,1 k €	-251%	12,6 k €	-15.8%	15 k €	+225%	4,6 k €	-30.2%	6,6 k €	+186%	-7,7 k €	+35.2%	-11,9 k €	-281%	6,6 k €	+134%	-19,3 k €
Net result	1,7 k €	-9.5%	1,8 k €	+241%	-1,3 k €	+73.0%	-4,8 k €	-3979%	-117,3 €	-104%	2,9 k €	+7.3%	2,7 k €	-29.8%	3,9 k €	+248%	-2,6 k €	+86.5%	-19,4 k €	-255%	12,5 k €	-16.4%	14,9 k €	+231%	4,5 k €	-30.4%	6,5 k €	+176%	-8,5 k €	+30.6%	-12,2 k €	-295%	6,3 k €	+135%	-17,7 k €
Balance sheet
Equity	46,9 k €	+3.7%	45,3 k €	+4.2%	43,5 k €	-27.3%	59,8 k €	-7.4%	64,5 k €	-0.2%	64,7 k €	+4.7%	61,7 k €	+4.6%	59 k €	+7.0%	55,2 k €	-4.5%	57,8 k €	-25.1%	77,2 k €	+19.3%	64,7 k €	+30.0%	49,8 k €	+10.0%	45,3 k €	+16.7%	38,8 k €	-17.9%	47,3 k €	-20.5%	59,5 k €	+11.8%	53,2 k €
Total assets	50,4 k €	+3.3%	48,8 k €	-21.9%	62,4 k €	+0.5%	62,1 k €	-3.8%	64,5 k €	-2.8%	66,4 k €	+7.6%	61,7 k €	+4.6%	59 k €	+2.4%	57,7 k €	-4.1%	60,1 k €	-26.3%	81,6 k €	+16.2%	70,2 k €	+38.6%	50,6 k €	+11.8%	45,3 k €	+16.0%	39 k €	-54.3%	85,5 k €	+40.8%	60,7 k €	-6.5%	64,9 k €
Cash	41,4 k €	+1.9%	40,6 k €	-25.4%	54,5 k €	-12.2%	62 k €	-3.6%	64,4 k €	-2.7%	66,2 k €	+10.4%	59,9 k €	+87.0%	32,1 k €	+11.8%	28,7 k €	+12.7%	25,5 k €	-51.1%	52,1 k €	+59.8%	32,6 k €	+133%	14 k €	+136%	5,9 k €	+116%	2,7 k €	-56.2%	6,2 k €	-54.7%	13,8 k €	+560%	2,1 k €
Debts	3,4 k €	-1.0%	3,5 k €	-80.6%	17,9 k €	+2258%	759,3 €		–		–		–		–		2,5 k €	+5.8%	2,4 k €	-46.7%	4,4 k €	-19.7%	5,5 k €	+533%	869,4 €	+2142%	38,8 €	-85.0%	258,7 €	-99.3%	38,2 k €	+3269%	1,1 k €	-88.8%	10,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

Vincent TUTINO

Administrator - manager · since 20 décembre 2022

Active

Ended mandates

Vincent TUTINO

Managing director · since 02 juin 2016

Ended

Jacqueline HERMANS

Director · since 01 juin 2016

Ended

Vincent TUTINO

Managing director · since 01 juin 2016 · until 31 mai 2022

Ended

Vincent TUTINO

Managing director · since 01 juin 2016

Ended

At this address

Other companies at this address

Company	CBE no.
ACP RUE GROESELENBERG 37 ACP● Active	0850.477.291
Association des copropriétaires à Uccle, rue de Groeselenberg, 37 "Résidence Groeselenberg"● Active	0824.600.760
GKL BUILD● Active	1006.307.296

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	31/08/2026	29/08/2025	29/08/2024	18/05/2023	26/04/2022	26/04/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	31/03/2023	25/03/2022	26/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	31/08/2026	French	PDF
Micro model	31/12/2024	27/06/2025	29/08/2025	French	PDF
Micro modelCorrection	31/12/2023	28/06/2024	29/08/2024	French	PDF
Micro model	31/12/2023	28/06/2024	21/08/2024	French	PDF
Micro model	30/09/2022	31/03/2023	18/05/2023	French	PDF
Micro model	30/09/2021	25/03/2022	26/04/2022	French	PDF
Micro model	30/09/2020	26/03/2021	26/04/2021	French	PDF
Micro model	30/09/2019	27/03/2020	27/04/2020	French	PDF
Micro model	30/09/2018	29/03/2019	29/04/2019	French	PDF
Micro model	30/09/2017	30/03/2018	03/05/2018	French	PDF
Abridged model	30/09/2016	31/03/2017	09/05/2017	French	PDF
Abridged model	30/09/2015	25/03/2016	18/05/2016	French	PDF
Abridged model	30/09/2014	27/03/2015	28/04/2015	French	PDF
Abridged model	30/09/2013	28/03/2014	29/04/2014	French	PDF
Abridged model	30/09/2012	29/03/2013	27/05/2013	French	PDF
Abridged model	30/09/2011	30/03/2012	14/05/2012	French	PDF
Abridged model	30/09/2010	25/03/2011	02/05/2011	French	PDF
Abridged model	30/09/2009	26/03/2010	11/05/2010	French	PDF
Abridged model	30/09/2008	27/03/2009	30/04/2009	French	PDF
Abridged model	31/12/2006	22/05/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

Vincent TUTINO

Administrator - manager · since 20 décembre 2022

Active

Ended mandates

Vincent TUTINO

Managing director · since 02 juin 2016

Ended

Jacqueline HERMANS

Director · since 01 juin 2016

Ended

Vincent TUTINO

Managing director · since 01 juin 2016 · until 31 mai 2022

Ended

Vincent TUTINO

Managing director · since 01 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/11/2024
Publication MB - Démission d'un administrateur
PDF
Mandates04/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates30/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates08/01/2008
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,7 k €↓
2024
Annual accounts 20241,8 k €↑
2023
Annual accounts 2023-1,3 k €↑
2023
Name changeKIVINE
2022
Annual accounts 2022-4,8 k €↓
2021
Annual accounts 2021-117,3 €↓
2021
Name changeKIVINE SC
2020
Annual accounts 20202,9 k €↑
2019
Annual accounts 20192,7 k €↓
2018
Annual accounts 20183,9 k €↑
2017
Annual accounts 2017-2,6 k €↑
2016
Annual accounts 2016-19,4 k €↓
2015
Annual accounts 201512,5 k €↓
2014
Annual accounts 201414,9 k €↑
2013
Annual accounts 20134,5 k €↓
2012
Annual accounts 20126,5 k €↑
2011
Annual accounts 2011-8,5 k €↑
2010
Annual accounts 2010-12,2 k €↓
2009
Annual accounts 20096,3 k €↑
2008
Annual accounts 2008-17,7 k €
15/11/1989
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KIVINE

Overview

What does KIVINE do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline