Equity
K.ADMIN paid out €30,000 in dividends. That is 352% of the 2025 profit.
K.ADMIN paid out €30,000 in dividends. That is 352% of the 2025 profit.
Green is investment, beige is depreciation.
Short-term debts rose from €15,367 to €31,914.
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 52% of them on solvency, 71% on liquidity, 51% on profitability and 17% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 26,972 companies had the same profile as K.ADMIN has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of K.ADMIN itself is lower: < 0.1% within 12 months. It rests on far more data about K.ADMIN than the profile alone.
The method was tested on the 497,447 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 26,972 companies, not a prediction for K.ADMIN. 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.
Liquidity is ample, with a current ratio of 1.73 (4.19 in 2024), above the usual 1.5. Short-term debt is 42.9% and cash 53% of total assets. 42.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 56 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| K.ADMIN Zaventem | €74,358 | €16,079 | 57.1% | - |
| IB Consult Hoeilaart | €74,361 | €18,264 | 21.4% | - |
| OUTGROW Linter | €61,233 | €15,236 | 68.1% | - |
| Organdipity Holsbeek | €85,005 | €15,235 | -25.2% | - |
| NIMALI Merchtem | €61,261 | €14,959 | 41.9% | - |
| GV² Pajottegem | €59,600 | €14,664 | 13.6% | - |
| RDNewco Kortenberg | €60,771 | €14,114 | -22.7% | - |
These companies have the same main activity as K.ADMIN: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €59,600 and €85,000, founded between 2019 and 2021.
K.ADMIN files the micro format. That format states no turnover. The gross margin fell from €49,942 in 2021 to €16,079 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €75,000. Estimated: probably between €36,000 and €150,000.
Higher than 51% of 39,342 companies in 2025.
Higher than 44% of 38,027 companies in 2025.
Higher than 45% of 38,499 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
74,358 | 79,298 | 72,448 | 60,115 | 54,476 | |
21/28 |
19,146 | 14,892 | 19,822 | 24,752 | 18,637 | |
22/27 |
19,146 | 14,892 | 19,822 | 24,752 | 18,637 | |
22 |
- | - | - | 16,876 | 16,847 | |
24 |
0 | 447 | 4,161 | 7,876 | 1,790 | |
26 |
19,146 | 14,445 | 15,661 | - | - | |
29/58 |
55,212 | 64,406 | 52,626 | 35,363 | 35,839 | |
3 |
4,038 | - | - | - | - | |
30/36 |
4,038 | - | - | - | - | |
40/41 |
10,511 | 19,715 | 10,517 | 10,976 | 9,417 | |
40 |
9,725 | 10,974 | 10,517 | 10,976 | 9,417 | |
41 |
786 | 8,742 | - | - | - | |
54/58 |
39,403 | 43,051 | 34,641 | 14,124 | 17,369 | |
490/1 |
1,260 | 1,639 | 7,468 | 10,263 | 9,053 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
74,358 | 79,298 | 72,448 | 60,115 | 54,476 | |
10/15 |
42,444 | 63,931 | 54,652 | 40,676 | 32,547 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
39,444 | 60,931 | 51,652 | 37,676 | - | |
133 |
39,444 | 60,931 | 51,652 | 37,676 | - | |
14 |
0 | 0 | - | - | 29,547 | |
17/49 |
31,914 | 15,367 | 17,796 | 19,438 | 21,929 | |
42/48 |
31,914 | 15,367 | 17,796 | 19,438 | 21,929 | |
44 |
902 | 440 | 1,860 | 1,184 | 1,840 | |
440/4 |
902 | 440 | 1,860 | 1,184 | 1,840 | |
45 |
4,322 | 5,177 | 15,936 | 18,254 | 14,089 | |
450/3 |
4,322 | 5,177 | 15,936 | 18,254 | 14,089 | |
47/48 |
26,690 | 9,750 | - | - | 6,000 | |
| Income statement | ||||||
9900 |
16,079 | 31,334 | 31,273 | 18,439 | 49,942 | |
62 |
- | - | - | 385 | 947 | |
630 |
1,972 | 4,930 | 4,930 | 4,870 | 1,858 | |
640/8 |
1,290 | 683 | 1,167 | 1,101 | 2,115 | |
9901 |
12,817 | 25,720 | 25,176 | 12,084 | 45,022 | |
75/76B |
14 | 439 | 556 | 659 | 588 | |
75 |
14 | 439 | 556 | 659 | 588 | |
65/66B |
103 | 232 | 112 | 46 | 99 | |
65 |
103 | 232 | 112 | 46 | 99 | |
9903 |
12,728 | 25,927 | 25,620 | 12,698 | 45,511 | |
67/77 |
4,214 | 6,648 | 7,244 | 4,568 | 9,964 | |
9904 |
8,514 | 19,279 | 18,376 | 8,130 | 35,547 | |
9905 |
8,514 | 19,279 | 18,376 | 8,130 | 35,547 | |
| Appropriation of the result | ||||||
9906 |
8,514 | 19,279 | 18,376 | 37,676 | 35,547 | |
14P |
- | - | - | 29,547 | - | |
791/2 |
30,000 | - | - | - | - | |
691/2 |
8,514 | 9,279 | 13,976 | 37,676 | - | |
6921 |
8,514 | 9,279 | 13,976 | 37,676 | - | |
694/7 |
30,000 | 10,000 | 4,400 | - | 6,000 | |
694 |
30,000 | 10,000 | 4,400 | - | - | |
695 |
- | - | - | - | 6,000 | |
| Document | ||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-04-2026 | 2026-00074289 | |
| 31-12-2024 | micro format | 29-04-2025 | 2025-00085685 | |
| 31-12-2023 | micro format | 02-08-2024 | 2024-00326236 | |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00138098 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20116630 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 14,789 | 30,650 | 30,106 | 16,954 | 46,880 | ||
| 10,486 | 24,209 | 23,306 | 12,999 | 37,405 | ||
| 6,226 | 0 | 0 | 10,985 | 20,495 | ||
| -3,648 | 8,410 | 20,517 | -3,245 | - | ||
| 23,298 | 49,039 | 34,830 | 15,924 | 13,910 | ||
| 57.1% | 80.6% | 75.4% | 67.7% | 59.7% | ||
| 1.73 | 4.19 | 2.96 | 1.82 | 1.63 | ||
| 1.60 | 4.19 | 2.96 | 1.82 | 1.63 | ||
| 0.75 | 0.24 | 0.33 | 0.48 | 0.67 | ||
| 20.1% | 30.2% | 33.6% | 20.0% | 109.2% | ||
| 11.4% | 24.3% | 25.4% | 13.5% | 65.3% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,226 | - | - | €10,985 | €20,495 |
| Financial fixed assets | €0 | - | - | - | - |
| €1,972 | €4,930 | €4,930 | €4,870 | €1,858 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 50% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 19.4% to 42.9%. Equity is lower and debt is higher.
K.ADMIN has no parent and no holdings in its annual accounts. Pannekoek Kristel is the only director. K.ADMIN shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Lindenstraat 37 registered office 1930 Zaventem 3100403 Manufacture of dining room, living room, bedroom and bathroom furniture | 21-04-2020 | 2.302.200.671 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23094D0203/00N023 | 74 m² | 1 · 52 m² | 10.4 m · 3 |
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