K Development
Annual accounts 2025
abbreviated format, filed on 14-10-2026, 75 days late€767,553
▼ 45.2%
€206,413
▲ 269%
€323,821
▲ 97.9%
€213,306
▲ 121%
44.0%
▲ 42.5 percentage points
1.02
▲ 0.12
Money flows
of every €100 of turnover, €12.49 remains as profit in 2025Balance sheet
balance sheet total €3.7m on 31-12-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
44.0%
Higher than 43% of 10,855 companies in 2025.
1.02
Higher than 38% of 10,477 companies in 2025.
2.6%
Higher than 39% of 10,724 companies in 2025.
K Development
Middle half of the sector
80% of the sector
Abbreviated accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
3.7m | 2.7m | 2.3m | 2.3m | 2.1m | 2.1m | 1.8m | 886,470 | 829,611 | 620,213 | |
21/28 |
3.1m | 1.7m | 1.7m | 1.8m | 1.9m | 2.1m | 1.6m | 798,279 | 802,770 | 603,908 | |
22/27 |
2.8m | 1.4m | 1.4m | 1.5m | 1.6m | 1.8m | 1.6m | 791,062 | 795,406 | 596,794 | |
22 |
1.7m | 226,577 | 243,715 | 260,853 | 277,990 | 321,141 | 339,789 | 398,263 | 637,878 | 581,938 | |
23 |
1.0m | 1.1m | 1.2m | 1.2m | 1.3m | 1.5m | 1.2m | 384,802 | 147,747 | - | |
24 |
47,993 | 28,937 | 2,283 | 2,080 | 3,595 | 2,626 | 19,394 | 7,997 | 9,781 | 14,856 | |
28 |
293,621 | 293,621 | 293,621 | 293,621 | 293,621 | 293,621 | 7,317 | 7,217 | 7,364 | 7,114 | |
29/58 |
644,533 | 998,852 | 521,965 | 536,382 | 207,850 | 52,863 | 149,337 | 88,191 | 26,841 | 16,305 | |
3 |
61,125 | 161,210 | - | 46,525 | - | - | - | - | - | - | |
30/36 |
61,125 | 161,210 | - | 46,525 | - | - | - | - | - | - | |
40/41 |
473,754 | 799,915 | 83,207 | 81,387 | 85,061 | 46,030 | 69,725 | 10,398 | 15,992 | 11,849 | |
40 |
46,395 | 72,556 | 1,348 | 23,410 | 29,889 | 15,622 | 57,716 | 6,844 | 8,049 | 10,536 | |
41 |
427,359 | 727,359 | 81,859 | 57,977 | 55,172 | 30,408 | 12,009 | 3,554 | 7,943 | 1,313 | |
50/53 |
- | - | - | - | - | 5,329 | 70,000 | - | - | - | |
54/58 |
109,654 | 36,020 | 435,831 | 406,287 | 117,815 | - | 6,728 | 76,219 | 8,897 | 2,405 | |
490/1 |
- | 1,707 | 2,927 | 2,183 | 4,974 | 1,504 | 2,884 | 1,574 | 1,952 | 2,051 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
3.7m | 2.7m | 2.3m | 2.3m | 2.1m | 2.1m | 1.8m | 886,470 | 829,611 | 620,213 | |
10/15 |
1.6m | 39,695 | 50,926 | 2,285 | 47,984 | 31,320 | 25,319 | 26,810 | -5,750 | 40,150 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 19,501 | 19,501 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
12 |
1.5m | - | - | - | - | - | - | - | - | - | |
13 |
901 | 901 | 901 | 901 | - | - | 901 | 901 | 89 | 89 | |
130/1 |
- | 901 | 901 | 901 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 901 | 901 | 89 | 89 | |
1311 |
- | 901 | 901 | 901 | - | - | - | - | - | - | |
133 |
901 | - | - | - | - | - | - | - | - | - | |
14 |
116,092 | 20,194 | 31,425 | -17,216 | 28,483 | 11,819 | 5,818 | 7,309 | -24,439 | 21,461 | |
16 |
- | - | - | - | 8,300 | - | - | - | - | - | |
160/5 |
- | - | - | - | 8,300 | - | - | - | - | - | |
162 |
- | - | - | - | 8,300 | - | - | - | - | - | |
17/49 |
2.1m | 2.6m | 2.2m | 2.3m | 2.0m | 2.1m | 1.7m | 859,660 | 835,361 | 580,063 | |
17 |
1.4m | 1.5m | 1.7m | 2.1m | 1.8m | 1.9m | 1.6m | 804,421 | 730,064 | 555,632 | |
170/4 |
1.4m | 1.4m | 1.7m | 2.1m | 1.8m | 1.9m | 1.6m | 804,421 | 730,064 | 555,632 | |
178/9 |
32,890 | 35,050 | 32,090 | 27,500 | 25,210 | 21,820 | 17,220 | - | - | - | |
42/48 |
630,675 | 1.1m | 439,532 | 202,931 | 214,306 | 106,852 | 154,516 | 55,239 | 105,297 | 24,431 | |
42 |
84,332 | 376,902 | 109,627 | 103,226 | 81,752 | 80,151 | 56,304 | 12,403 | 13,841 | 5,565 | |
43 |
250,000 | 490,000 | - | - | - | - | - | - | - | - | |
430/8 |
250,000 | 490,000 | - | - | - | - | - | - | - | - | |
44 |
56,538 | 28,270 | 91,413 | 28,361 | 23,863 | 15,998 | 80,359 | 17,818 | 31,799 | 12,410 | |
440/4 |
56,538 | 28,270 | 91,413 | 28,361 | 23,863 | 15,998 | 80,359 | 17,818 | 31,799 | 12,410 | |
46 |
- | - | - | - | 1,379 | - | - | - | - | - | |
45 |
56,297 | 15,996 | 35,372 | - | 7,274 | 10,703 | 17,853 | 18,874 | 1,165 | 2,877 | |
450/3 |
56,297 | 14,259 | 35,372 | - | 7,274 | 7,780 | 17,853 | 18,874 | - | 2,877 | |
454/9 |
- | 1,737 | - | - | - | 2,923 | - | - | 1,165 | - | |
47/48 |
183,508 | 191,260 | 203,120 | 71,344 | 100,038 | - | - | 6,144 | 58,492 | 3,579 | |
492/3 |
33,285 | 34,310 | 32,460 | 3,390 | 1,950 | 98,081 | 4,383 | - | - | - | |
| Income statement | |||||||||||
70 |
767,553 | 1.4m | 1.3m | 214,475 | 335,542 | 261,664 | 285,302 | 182,346 | 90,789 | 104,022 | |
76A |
- | - | - | - | - | - | - | 70,249 | - | - | |
9900 |
340,216 | 178,736 | 249,972 | 117,766 | 198,456 | 173,695 | 155,520 | 102,708 | 26,388 | 39,401 | |
60/61 |
427,337 | 1.2m | 1.0m | 96,709 | 137,086 | 87,969 | 129,782 | 79,638 | 64,401 | 64,621 | |
62 |
1,741 | 1,748 | 1,741 | 435 | - | - | - | - | 871 | - | |
630 |
117,408 | 107,731 | 104,753 | 103,180 | 102,773 | 101,381 | 96,532 | 46,707 | 45,466 | 33,083 | |
635/8 |
- | - | - | -8,300 | 8,300 | - | - | - | - | - | |
640/8 |
14,654 | 13,364 | 12,460 | 11,769 | 5,513 | 4,978 | 5,339 | 4,504 | 2,128 | 617 | |
9901 |
206,413 | 55,893 | 131,018 | 10,682 | 81,870 | 67,336 | 53,649 | 51,497 | -22,077 | 5,701 | |
75/76B |
- | - | 16 | 7 | 52 | 343 | 2,078 | 277 | 426 | 265 | |
75 |
- | - | 16 | 7 | 52 | 343 | 2,078 | 277 | 426 | - | |
76B |
- | - | - | - | - | - | - | - | - | 265 | |
65/66B |
70,938 | 67,121 | 76,233 | 56,441 | 57,892 | 55,897 | 55,278 | 18,146 | 20,373 | 4,186 | |
65 |
70,938 | 67,121 | 76,233 | 56,441 | 57,892 | 55,897 | 55,278 | 18,146 | 20,373 | 4,046 | |
66B |
- | - | - | - | - | - | - | - | - | 140 | |
9903 |
135,475 | -11,228 | 54,801 | -45,752 | 24,030 | 11,782 | 449 | 33,628 | -42,024 | 1,780 | |
67/77 |
39,577 | 3 | 6,160 | -53 | 7,366 | 5,781 | 1,940 | 1,068 | 3,876 | - | |
9904 |
95,898 | -11,231 | 48,641 | -45,699 | 16,664 | 6,001 | -1,491 | 32,560 | -45,900 | 1,780 | |
9905 |
95,898 | -11,231 | 48,641 | -45,699 | 16,664 | 6,001 | -1,491 | 32,560 | -45,900 | 1,780 | |
| Appropriation of the result | |||||||||||
9906 |
116,092 | 20,194 | 31,425 | -17,216 | 28,483 | 11,819 | 5,818 | 8,121 | -24,439 | 21,550 | |
14P |
20,194 | 31,425 | -17,216 | 28,483 | 11,819 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 812 | - | 89 | |
6920 |
- | - | - | - | - | - | - | 812 | - | 89 | |
| Document | |||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 75 days after the deadline. Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00567144.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-10-2026 | 2026-00567144 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00478077 | |
| 31-12-2023 | full format | 29-07-2024 | 2024-00315485 | |
| 31-12-2022 | micro format | 01-08-2023 | 2023-00311621 | |
| 31-12-2021 | full format | 26-08-2022 | 2022-20337551 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62100047 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49100494 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61100124 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-37700556 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-53100084 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 323,821 | 163,624 | 235,771 | 113,862 | 184,643 | 168,717 | 150,181 | 98,204 | 23,389 | 38,784 | ||
| 213,306 | 96,500 | 153,394 | 57,481 | 119,437 | 107,382 | 95,041 | 79,267 | -434 | 34,863 | ||
| 32,628 | 30,549 | 44,522 | 27,834 | 47,653 | 579,776 | 1.1m | 487,093 | 244,328 | 609,890 | ||
| 73,634 | -399,811 | 29,544 | 288,472 | - | - | -69,491 | 67,322 | 6,492 | - | ||
| 13,858 | -103,576 | 82,433 | 333,451 | -6,456 | -53,989 | -5,179 | 32,952 | -78,456 | -8,126 | ||
| 26.9% | 4.0% | 10.4% | 5.0% | 24.4% | 25.7% | 18.8% | 28.2% | -24.3% | 5.5% | ||
| 44.0% | 1.5% | 2.3% | 0.1% | 2.3% | 1.5% | 1.4% | 3.0% | -0.7% | 6.5% | ||
| 1.02 | 0.91 | 1.19 | 2.64 | 0.97 | 0.49 | 0.97 | 1.60 | 0.25 | 0.67 | ||
| 0.93 | 0.76 | 1.19 | 2.41 | 0.97 | 0.49 | 0.97 | 1.60 | 0.25 | 0.67 | ||
| 1.27 | 65.95 | 43.34 | - | 42.17 | 66.80 | 68.37 | 32.06 | - | 14.45 | ||
| 5.9% | -28.3% | 95.5% | - | 34.7% | 19.2% | -5.9% | 121.4% | - | 4.4% | ||
| 2.6% | -0.4% | 2.2% | -2.0% | 0.8% | 0.3% | -0.1% | 3.7% | -5.5% | 0.3% | ||
| 4.56 | 2.44 | 3.09 | 2.02 | 3.19 | - | - | - | - | - | ||
| 22 days | 19 days | 0 days | 40 days | 33 days | 22 days | 74 days | 14 days | 32 days | 37 days | ||
| 48 days | 8 days | 33 days | 107 days | 64 days | 66 days | 226 days | 82 days | 180 days | 70 days |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €32,628 | €30,549 | €44,522 | €27,834 | €47,653 |
| €117,408 | €107,731 | €104,753 | €103,180 | €102,773 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on K Development
The operating result for 2025 is 3.7 times that of 2024 and the highest since 2016. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 98.5% to 56.0%. Equity is higher and debt is lower.
Large changes and their cause
- 2023 Turnover +488% on 2022. The accounts now follow the full format, last year the micro format.