K-ABUILD
ActiveSummary
K-ABUILD has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,898 and a net result of -€27,937. Equity has been stable since 2018 (±0.8% per year). Its solvency ranks better than 92% of 9,396 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-10-1998 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 2 others
- Establishment unit
- 2.088.964.383 9120 Beveren-Kruibeke-Zwijndrecht, since 26-10-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 28-12-2025
Board and ownership
- VERMAERKE Karel Franciscus ValentinaDirector · since 01-10-1998
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €4,340
- ▼ 62.7%
- Turnover
- ≈ €52,000
- estimated
- Loss
- €27,937
- Equity
- €71,898
- ▼ 28.0%
- Total assets
- €83,462
- ▼ 65.3%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLoss of €27,937 (financial year 2025)Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 7.17, cash €30,674Equity €71,898 (86.1% of total assets)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, micro). It does better than 88% of them on solvency, 89% on liquidity, 6% on profitability and 16% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00458470.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 27 filings
Every figure per financial year
The operating result for 2025 is a loss of €25,815, after a profit of €6,820 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,450 | €1,156 | - | - | €1,382 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €3,400 | €4,620 | €4,680 | €4,358 | €4,060 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €112,184 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,472 | €10,726 | €6,892 | €3,400 | €4,620 | €4,680 | €4,358 | €4,060 | ▼ 6.8% |
| Other operating charges640/8 | - | - | - | €1,055 | €250 | €6,340 | €465 | €592 | ▲ 27.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €25,503 | - |
| Gross operating margin9900 | €24,412 | €29,017 | -€24,038 | €113,008 | €14,604 | -€16,092 | €11,643 | €4,340 | ▼ 62.7% |
| Operating profit (loss)9901 | €7,673 | €16,985 | -€33,260 | €108,553 | €9,734 | -€27,112 | €6,820 | -€25,815 | - |
| Financial income75/76B | - | - | - | €3,022 | €2,191 | €2,204 | €1,140 | €1,067 | ▼ 6.4% |
| Recurring financial income75 | €925 | €733 | €5,481 | €3,022 | €2,191 | €2,204 | €1,140 | €1,067 | ▼ 6.4% |
| Financial charges65/66B | - | - | - | €1,915 | €459 | €4,412 | €6,109 | €3,189 | ▼ 47.8% |
| Recurring financial charges65 | €2,422 | €2,554 | €4,869 | €1,915 | €459 | €4,412 | €6,109 | €3,189 | ▼ 47.8% |
| Profit (loss) for the period before taxes9903 | €6,176 | €15,164 | -€32,648 | €109,660 | €11,466 | -€29,320 | €1,851 | -€27,937 | - |
| Income taxes67/77 | €1,673 | €5,532 | €116 | €19,194 | €3,993 | €0 | €168 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €4,503 | €9,632 | -€32,764 | €90,465 | €7,473 | -€29,320 | €1,683 | -€27,937 | - |
| Profit (loss) for the period to be appropriated9905 | €4,503 | €9,632 | -€32,764 | €90,465 | €7,473 | -€29,320 | €1,683 | -€27,937 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €200,640 | €207,778 | €207,422 | €161,396 | €170,922 | €214,064 | €240,533 | €83,462 | ▼ 65.3% |
| Fixed assets21/28 | €135,756 | €32,870 | €43,590 | €17,420 | €13,956 | €9,276 | €4,918 | €2,240 | ▼ 54.5% |
| Tangible fixed assets22/27 | €135,756 | €32,870 | €43,590 | €17,420 | €13,956 | €9,276 | €4,918 | €2,240 | ▼ 54.5% |
| Land and buildings22 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €17,420 | €13,956 | €9,276 | €4,918 | €2,240 | ▼ 54.5% |
| Current assets29/58 | €64,884 | €174,908 | €163,832 | €143,976 | €156,966 | €204,788 | €235,615 | €81,222 | ▼ 65.5% |
| Amounts receivable after more than one year29 | - | - | - | €102,389 | €97,438 | €52,635 | €49,727 | €46,758 | ▼ 6.0% |
| Other amounts receivable291 | - | - | - | €102,389 | €97,438 | €52,635 | €49,727 | €46,758 | ▼ 6.0% |
| Stocks and contracts in progress3 | - | - | - | - | - | €125,000 | €174,503 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | - | - | €125,000 | €174,503 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €7,858 | €27,724 | €17,532 | €11,007 | €15,521 | €4,641 | €4,604 | €3,405 | ▼ 26.0% |
| Trade receivables40 | - | - | - | €0 | €4,967 | €1,792 | €864 | €436 | ▼ 49.6% |
| Other amounts receivable41 | - | - | - | €11,007 | €10,554 | €2,848 | €3,740 | €2,969 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €35,258 | €129,071 | €23,010 | €30,106 | €43,388 | €22,217 | €5,221 | €30,674 | ▲ 487% |
| Deferred charges and accrued income490/1 | - | - | - | €473 | €618 | €295 | €1,560 | €386 | ▼ 75.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €200,640 | €207,778 | €207,422 | €161,396 | €170,922 | €214,064 | €240,533 | €83,462 | ▼ 65.3% |
| Equity10/15 | €77,665 | €87,297 | €54,533 | €144,998 | €141,607 | €112,287 | €99,835 | €71,898 | ▼ 28.0% |
| Contributions10/11 | €12,605 | €12,605 | - | €12,605 | €12,605 | €12,605 | €12,605 | €12,605 | = |
| Reserves13 | €22,867 | €32,499 | €32,499 | €132,393 | €129,001 | €129,001 | €87,230 | €59,293 | ▼ 32.0% |
| Non-distributable reserves130/1 | - | - | - | €7,500 | €7,500 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €7,500 | €7,500 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €124,893 | €121,501 | €129,001 | €87,230 | €59,293 | ▼ 32.0% |
| Profit (loss) carried forward14 | €42,193 | €42,193 | €9,429 | €0 | €0 | -€29,320 | €0 | €0 | - |
| Amounts payable17/49 | €122,975 | €120,481 | €152,889 | €16,398 | €29,316 | €101,777 | €140,698 | €11,564 | ▼ 91.8% |
| Amounts payable after more than one year17 | €78,384 | €67,349 | €58,509 | €260 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €260 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €44,590 | €53,112 | €94,380 | €16,138 | €29,266 | €99,948 | €140,698 | €11,332 | ▼ 91.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,091 | €0 | €91,750 | €113,750 | €0 | ▼ 100% |
| Trade debts44 | €4,311 | €37,275 | €4,895 | €1,297 | €3,265 | €1,389 | €3,371 | €1,324 | ▼ 60.7% |
| Suppliers440/4 | - | - | - | €1,297 | €3,265 | €1,389 | €3,371 | €1,324 | ▼ 60.7% |
| Taxes, remuneration and social security45 | - | - | - | €11,749 | €26,001 | €6,154 | €4,374 | €2,497 | ▼ 42.9% |
| Taxes450/3 | - | - | - | €11,749 | €26,001 | €6,154 | €4,374 | €2,497 | ▼ 42.9% |
| Other amounts payable47/48 | - | - | - | - | - | €655 | €19,203 | €7,511 | ▼ 60.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €49 | €1,829 | €0 | €232 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,503 | €9,632 | -€32,764 | €90,465 | €7,473 | -€29,320 | €1,683 | -€27,937 | - |
| + Depreciation and write-downs630 | €10,472 | €10,726 | €6,892 | €3,400 | €4,620 | €4,680 | €4,358 | €4,060 | ▼ 6.8% |
| Operating cash flow (approximation) | €14,975 | €20,357 | -€25,872 | €93,865 | €12,093 | -€24,640 | €6,041 | -€23,877 | - |
| Investment in fixed assets (approximation) | - | €92,161 | -€17,612 | €22,770 | -€1,156 | €0 | €0 | -€1,382 | - |
| Change in cash | - | €93,813 | -€106,061 | €7,096 | €13,282 | -€21,171 | -€16,996 | €25,452 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as K-ABUILD has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of K-ABUILD itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for K-ABUILD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00458470 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00179591 | |
| 31-12-2023 | micro format | 29-06-2024 | 2024-00183244 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00181065 | |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20290946 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-55800209 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-22400504 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-58400368 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-53300314 | |
| 31-12-2016 | micro format | 21-06-2017 | 2017-18900531 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 10-02-2023 Converted to unavailable equity · €20,105
- 10-02-2023 Converted to uncalled contributions · €12,395
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VERMAERKE Karel Franciscus Valentina |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s) naar evenredigheid aantal bij meerdere kopers, zelfde bij weigering…”
Articles of association, deed of 10-02-2023 (in Dutch)
Network & group
K-ABUILD shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of K-ABUILD. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
10-02
Gazette deed
Company renamed from VE’ST to K-ABUILDRegistered office moved from Beveren to Temse · New seat: 9140 Temse, Doornstraat 2 M · Previous seat: 9120 Beveren, Zandstraat 57 bus 213 points ▸
- General meeting, 07-02-2023
- Name change, K-ABUILD
- Purpose change
- Registered-office move, 9140 Temse, Doornstraat 2 M
- Registered office clause, “9140 Temse, Doornstraat 2 M” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, artikel 39, §2, tweede lid van de wet van 23-03-2019” (deed in Dutch)
- Capital
- Director resignation, VERMAERKE Karel Franciscus Valentina (manager (not named in the articles))
- Director appointment, VERMAERKE Karel Franciscus Valentina (director (not named in the articles))
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 9120 Beveren until the act of 10-02-2023
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
26 activities
- Het voeren van een onderneming voor alle werken, activiteiten en werkzaamheden verband houdende met een drukkerij, uitgeverij, publiciteitsonderneming, daarin begrepen de invoer, uitvoer, doorvoer, aankoop, verkoop, fabricage en vertegenwoordiging van andere firma's voor wat betreft papierwaren, drukwerken, kalenders, papierverwerkings- en bewerkingsmachines, drukkerijbenodigdheden, meubelen en kantoorinrichting.
- Het verlenen van technisch advies en bijstand aan alle drukkerijen inzake aankoop, verkoop, productie, installatie, herstelling en onderhoud van alle materialen, machines, benodigdheden en uitrustingen.
- De groot- en kleinhandel in papierwaren, bureelbenodigdheden, kleine en grote ijzerwaren, plastiekwaren, verfwaren en speelgoed.
- Het voeren van een onderneming voor de fabricage en assemblage van kleine en grote elektrische en mechanische machines, installaties en uitrustingen, alsook de herstelling en het onderhoud ervan en van andere motorvoertuigen.
- De installatie, behandeling en het onderhoud van bouwmaterialen en -systemen, evenals het uitvoeren van alle herstellingswerken en de reiniging van roerende en onroerende goederen.
- Alle activiteiten en werkzaamheden van algemene bouwonderneming, in het bijzonder de onderneming van brandpreventie.
- De aankoop, verkoop, invoer, uitvoer, opslag, productie, omvorming en het vervoer, zowel voor eigen rekening als voor rekening van derden, van alle bouwmaterialen, producten en systemen voor de isolatie en bescherming tegen brand, voor de herstelling van schade veroorzaakt door brand of water, en voor het onderhoud en de reiniging van technische en industriële installaties en andere roerende en onroerende goederen.
- De aankoop, verkoop, huur en verhuur van allerlei materialen, machines, installaties en uitrustingen dewelke bedoeld zijn voor het uitoefenen van de activiteiten van een bouwonderneming.
- Het uitvoeren van metsel- en voegwerken, aanleggen van terrassen en opritten, algemene renovatiewerken, plaatsen van tegelwerk, schoorsteenwerken.
- De bouw van residentiële gebouwen, stukadoor, cementeer- en dekvloeractiviteiten, eindafwerking (schilderen en behangen), bouwen en herstellen van daken, plaatsen van dakbedekking, plaatsen van dakgoten en regenafvoerbuizen, strippen van muren.
- Het restaureren van bouwwerken en woningen in eigen naam of met onderaannemers, het aankopen, renoveren en oprichten van gebouwen, zowel voor verkoop als voor eigen beheer (verhuur).
- De aanneming van alle schrijn- en timmerwerken in de ruimste zin van het woord, zowel in hout, metaal, aluminium als kunststofproducten.
- Het uitvoeren van reparaties en kluswerken.
- De verhuur van hotelsuites.
- De realisatie van nieuwbouw woningen en appartementen, projectontwikkeling en projectopvolging.
- De aan- en verkoop, zowel in groot- als kleinhandel, van rookwaren, bereide gerechten en andere levensmiddelen, producten van fytofarmacie, textielwaren, dierenvoeding, parfumerieën en toiletartikelen, versieringsvoorwerpen, glas- en gleiswerken, kranten, tijdschriften, organische tensioactieve producten en andere onderhoudsproducten.
- De invoer, uitvoer en groothandel in menigvuldige goederen.
- Het leveren van tussenkomsten inzake administratieve, commerciële en financiële werkzaamheden in ruime zin en alle andere activiteiten in rechtstreeks of onrechtstreeks verband met hoger omschreven werkzaamheden.
- Alle mogelijke advies- en of dienstenfuncties op het vlak van het besturen van ondernemingen; consultancy, opleiding, technische expertise en bijstand.
- Het geven van advies en het verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven , de vertegenwoordiging en het optreden als commercieel tussenpersoon.
- Het verlenen van bijstand, advies en leiding aan bedrijven, privépersonen en instellingen, voornamelijk doch niet uitsluitend op het vlak van management, marketing, productie en ontwikkeling, processing en het besturen van vennootschappen en ondernemingen, dit alles in de meest ruime betekenis.
- Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen.
- Het verwerven en aanhouden van participaties, in eender welke vorm, in alle bestaande of op te richten, industriële, commerciële, financiële, landbouw- of immobiliën-vennootschappen of -ondernemingen; het stimuleren, de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen, waarin ze een participatie aanhoudt; het deelnemen aan hun beheer, bestuur, vereffening en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- Het adviseren en leveren van concepten, strategieën en plannen op het gebied van organisatie, reorganisatie, verkoop en marketing, met mogelijke uitvoering ervan.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0464.264.368
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46009B0292/00P003 | Flanders | 847 m² | 1 · 340 m² | 6.7 m · 1 |