K&C GROUP
Bankruptcy closedInactive since 18-06-2026; last annual accounts for fiscal year 2021.
Summary
K&C GROUP was declared bankrupt on 16-01-2025 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 18-06-2026, published in the Belgian State Gazette on 23-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 02-10-2022, 63 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
63 d late
2020
92 d late
2019
99 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€94k
EBIT margin
-0.9%
Net result
€5k
2020 · €-9k
2019: €-856
2020: €-9k
2019 → 2021
Working capital
€-627▲ 83.3%
2020 · €-4k
2019: €5k
2020: €-4k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€94k-
Equity€5k-€-3k€2k
Operating result€-856-€-9k▼ 907%€5k
Net result€-856-€-9k▼ 929%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €5k after a loss of €9k in 2020, the highest result in the available series.
Balance-sheet composition
Assets €27k
Fixed assets
€2k
Current assets
€24k
Equity and liabilities €27k
Equity
€2k
Debt
€25k
Debt finances 93.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€6k▲
2020 · €-8k
Cash flow
€6k▲
2020 · €-8k
Current ratio
0.98▲
2020 · 0.85
Debt to equity
15.20
ROE
310.2%
ROA
19.1%▲
2020 · -40.8%
Interest coverage
38.71
Debt ≤ 1 year
€25k=
2020 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 37 lines
Balance sheet
Code20202021
Assets
Total assets20/58€22k€27k▲
Formation expenses20€278-
Fixed assets21/28-€2k
Tangible fixed assets22/27-€2k
Furniture and vehicles24-€2k
Current assets29/58€21k€24k▲
Amounts receivable within one year40/41€21k€14k▼
Trade receivables40-€12k
Other amounts receivable41-€1k
Cash at bank and in hand54/58€194€10k▲
Deferred charges and accrued income490/1-€903
Equity and liabilities
Total equity and liabilities10/49€22k€27k▲
Equity10/15€-3k€2k▲
Contributions10/11€6k€6k=
Capital10-€6k
Issued capital100-€19k
Uncalled capital101-€12k
Profit (loss) carried forward14€-10k€-5k▲
Amounts payable17/49€25k€25k=
Amounts payable within one year42/48€25k€25k=
Trade debts44€19k€12k▼
Suppliers440/4-€12k
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45-€402
Taxes450/3-€402
Other amounts payable47/48-€7k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€389€685▲
Other operating charges640/8-€1k
Gross operating margin9900€-8k€7k▲
Operating profit (loss)9901€-9k€5k▲
Financial charges65/66B-€154
Recurring financial charges65€186€154▼
Profit (loss) for the period before taxes9903€-9k€5k▲
Profit (loss) for the period9904€-9k€5k▲
Profit (loss) for the period to be appropriated9905€-9k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-5k
Profit (loss) brought forward from the previous period14P-€-10k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · K&C GROUP BVBA VISSENAKENSTRAAT(VSN) 165, 3300 TIENEN · event 18-06-2026
2025
22-01
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · K&C GROUP BVBA VISSENA- KENSTRAAT(VSN) 165, 3300 TIENEN · event 16-01-2025
2022
02-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 63 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
07-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 99 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tienen
Ground area
703 m²
Building footprint
224 m²
Volume, LiDAR
880 m³
Parcel 24107B0140/00F000, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24107B0140/00F000 | Flanders | 703 m² | 1 · 224 m² | 5.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIES DEWAEL ZOUTLEEUWSTRAAT 52, 3404 ATTEN-
HOVEN |
16-01-2025 → 18-06-2026 |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-10-2018
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.