K-CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of K-CONCEPT is 1.7% (moderate). The 2024 annual accounts show equity of €202k and a net result of €26k. Equity is growing by ~55.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 36375 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+1
Solvency50▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.08 in 2023; short-term debt: 64.8% of total assets), and 74.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
3 d early
2021
31 d late
2020
31 d late
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€202k▲ 4.7%
2023 · €193k
2018: €-7klowest in 7 years
2019: €39k▲ +641% vs 2018
2020: €70k▲ +78.1% vs 2019
2021: €56k▼ -19.1% vs 2020
2022: €194k▲ +245% vs 2021
2023: €193k▼ -0.4% vs 2022
2024: €202k▲ +4.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€801k▼ 4.6%
2023 · €840k
2018: €826k
2019: €829k▲ +0.4% vs 2018
2020: €855k▲ +3.1% vs 2019
2021: €880k▲ +2.9% vs 2020highest in 7 years
2022: €827k▼ -6.0% vs 2021
2023: €840k▲ +1.6% vs 2022
2024: €801k▼ -4.6% vs 2023lowest in 7 years
2018 → 2024
Net result
€26k▲ 35.7%
2023 · €19k
2018: €7k
2019: €66k▲ +797% vs 2018
2020: €47k▼ -29.8% vs 2019
2021: €-13k▼ -129% vs 2020lowest in 7 years
2022: €183k▲ +1474% vs 2021highest in 7 years
2023: €19k▼ -89.5% vs 2022
2024: €26k▲ +35.7% vs 2023
2018 → 2024
Working capital
€-518k▼ 12.2%
2023 · €-461k
2018: €-201khighest in 7 years
2019: €-211k▼ -5.0% vs 2018
2020: €-653k▼ -210% vs 2019
2021: €-665k▼ -1.9% vs 2020lowest in 7 years
2022: €-526k▲ +20.9% vs 2021
2023: €-461k▲ +12.3% vs 2022
2024: €-518k▼ -12.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€70k-€56k▼ 19.1%€194k▲ 245%€193k▼ 0.4%€202k▲ 4.7%
2020: €70k
2021: €56k▼ -19.1% vs 2020lowest in 5 years
2022: €194k▲ +245% vs 2021
2023: €193k▼ -0.4% vs 2022
2024: €202k▲ +4.7% vs 2023highest in 5 years
Operating result€72k-€-13k€106k€6k▼ 94.6%€33k▲ 482%
2020: €72k
2021: €-13k▼ -118% vs 2020lowest in 5 years
2022: €106k▲ +914% vs 2021highest in 5 years
2023: €6k▼ -94.6% vs 2022
2024: €33k▲ +482% vs 2023
Net result€47k-€-13k€183k€19k▼ 89.5%€26k▲ 35.7%
2020: €47k
2021: €-13k▼ -129% vs 2020lowest in 5 years
2022: €183k▲ +1474% vs 2021highest in 5 years
2023: €19k▼ -89.5% vs 2022
2024: €26k▲ +35.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 482% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €801k
Fixed assets
€800k =
Current assets
€1k ▼ 96.6%
Equity and liabilities €801k
Equity
€202k ▲ 4.7%
Debt
€599k ▼ 7.4%
Debt's share of the balance-sheet total falls from 77.0% to 74.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2023 · €6k
Cash flow
€26k▲
2023 · €20k
Current ratio
0.00▼
2023 · 0.08
Debt to equity
2.96▼
2023 · 3.34
ROE
12.8%▲
2023 · 9.9%
ROA
3.2%▲
2023 · 2.3%
Interest coverage
7.25▼
2023 · 27.97
Debt ≤ 1 year
€519k▲
2023 · €502k
Debt > 1 year
€80k=
2023 · €80k
Income taxes
€3k▲
2023 · €-3k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€840k€801k▼
Fixed assets21/28€800k€800k=
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€800k€800k=
Current assets29/58€40k€1k▼
Amounts receivable within one year40/41€40k€1k▼
Trade receivables40€40k€940▼
Other amounts receivable41€0€450▲
Cash at bank and in hand54/58€0-
Equity and liabilities
Total equity and liabilities10/49€840k€801k▼
Equity10/15€193k€202k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€173k€182k▲
Amounts payable17/49€647k€599k▼
Amounts payable after more than one year17€80k€80k=
Other amounts payable178/9€80k€80k=
Amounts payable within one year42/48€502k€519k▲
Financial debts43€392€276▼
Credit institutions430/8€392€276▼
Trade debts44€7k€68k▲
Suppliers440/4€7k€68k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€30k€12k▼
Taxes450/3€30k€12k▼
Other amounts payable47/48€465k€439k▼
Accrued charges and deferred income492/3€65k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€550€0▼
Other operating charges640/8€1k€387▼
Non-recurring operating charges66A€65k€0▼
Gross operating margin9900€73k€34k▼
Operating profit (loss)9901€6k€33k▲
Financial income75/76B€11k€0▼
Recurring financial income75€11k€0▼
Financial charges65/66B€223€5k▲
Recurring financial charges65€223€5k▲
Profit (loss) for the period before taxes9903€16k€29k▲
Income taxes67/77€-3k€3k▲
Profit (loss) for the period9904€19k€26k▲
Profit (loss) for the period to be appropriated9905€19k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€193k€199k▲
Profit (loss) brought forward from the previous period14P€173k€173k▼
Profit to be distributed694/7€20k€17k▼
Directors or managers695€20k€17k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €276 | €826 | €826 | €550 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1k | €387 | ▼ 69.1% |
| Non-recurring operating charges66A | - | - | - | €65k | €0 | ▼ 100% |
| Gross operating margin9900 | €74k | €-12k | €107k | €73k | €34k | ▼ 53.8% |
| Operating profit (loss)9901 | €72k | €-13k | €106k | €6k | €33k | ▲ 482% |
| Financial income75/76B | - | - | €90k | €11k | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €90k | €11k | €0 | ▼ 100% |
| Financial charges65/66B | - | €264 | €264 | €223 | €5k | ▲ 1,948% |
| Recurring financial charges65 | €17k | €264 | €264 | €223 | €5k | ▲ 1,948% |
| Profit (loss) for the period before taxes9903 | €55k | €-13k | €196k | €16k | €29k | ▲ 77.0% |
| Income taxes67/77 | €8k | €19 | €13k | €-3k | €3k | ▲ 185% |
| Profit (loss) for the period9904 | €47k | €-13k | €183k | €19k | €26k | ▲ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €47k | €-13k | €183k | €19k | €26k | ▲ 35.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €855k | €880k | €827k | €840k | €801k | ▼ 4.6% |
| Fixed assets21/28 | €802k | €801k | €801k | €800k | €800k | = |
| Tangible fixed assets22/27 | €2k | €1k | €550 | €0 | - | - |
| Furniture and vehicles24 | - | €1k | €550 | €0 | - | - |
| Financial fixed assets28 | €800k | €800k | €800k | €800k | €800k | = |
| Current assets29/58 | €53k | €78k | €26k | €40k | €1k | ▼ 96.6% |
| Amounts receivable within one year40/41 | €53k | €78k | €21k | €40k | €1k | ▼ 96.6% |
| Trade receivables40 | - | €12k | €21k | €40k | €940 | ▼ 97.7% |
| Other amounts receivable41 | - | €66k | €127 | €0 | €450 | - |
| Cash at bank and in hand54/58 | €131 | - | €5k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €855k | €880k | €827k | €840k | €801k | ▼ 4.6% |
| Equity10/15 | €70k | €56k | €194k | €193k | €202k | ▲ 4.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €49k | €36k | €173k | €173k | €182k | ▲ 5.2% |
| Amounts payable17/49 | €785k | €823k | €633k | €647k | €599k | ▼ 7.4% |
| Amounts payable after more than one year17 | €80k | €80k | €80k | €80k | €80k | = |
| Other amounts payable178/9 | - | €80k | €80k | €80k | €80k | = |
| Amounts payable within one year42/48 | €705k | €743k | €553k | €502k | €519k | ▲ 3.4% |
| Financial debts43 | - | €185 | - | €392 | €276 | ▼ 29.6% |
| Credit institutions430/8 | - | €185 | - | €392 | €276 | ▼ 29.6% |
| Trade debts44 | €8k | €16k | €3k | €7k | €68k | ▲ 887% |
| Suppliers440/4 | - | €16k | €3k | €7k | €68k | ▲ 887% |
| Advances received on contracts in progress46 | - | - | €22k | €0 | - | - |
| Taxes, remuneration and social security45 | - | €8k | €13k | €30k | €12k | ▼ 60.3% |
| Taxes450/3 | - | €8k | €13k | €30k | €12k | ▼ 60.3% |
| Other amounts payable47/48 | - | €719k | €515k | €465k | €439k | ▼ 5.5% |
| Accrued charges and deferred income492/3 | - | - | - | €65k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €-13k | €183k | €19k | €26k | ▲ 35.7% |
| + Depreciation and write-downs630 | €276 | €826 | €826 | €550 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €47k | €-12k | €184k | €20k | €26k | ▲ 31.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €-5k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €200kEq €202k ▲4.7%
3 profitable years in a row build equity to €202k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €183k
Net result €183k after one loss-making year.
31-12
Financial
Equity above €150kEq €194k ▲245%
Equity rises from €56k to €194k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Jans-Molenbeek · 1 establishment unit since 2010
Ground area
558 m²
Building footprint
489 m²
Volume, LiDAR
11,296 m³
Parcel 21526D0069/00C002, Brussels · tallest building 26.3 m, ±8 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Vrijheidslaan 154, 1080 Sint-Jans-Molenbeek
since 20102.186.597.358
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0069/00C002 | Brussels | 558 m² | 1 · 489 m² | 26.3 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,830 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.