Financials
- Fiscal year
- 2025
- Turnover
- €8.5m
- Loss
- -€13,893
- Solvency
- 3.4%
Turnover▼ 76.8%
Net result
20212025
K.EUR Development
ActiveSummary
K.EUR Development has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €441,330 and a net result of -€13,893. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 11% of 1005 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
General construction of other non-residential buildings
NACE 41003NACE 41203
Size
€8.5mturnover 2025
- Equity
- €441,330
- Loss
- -€13,893
Structure
- Parent
- Koninklijke BAM Groep NV
Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts 49 d early1 of 8 deeds read
Why 83- Sector Construction of residential and non-residential buildings (NACE 41)- Equity €441,330 (3.4% of total assets)- No establishment unit in the KBO+ Size: turnover €8.5m, total assets €12.9mShow the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 38% of its sector peers (NACE 41, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
28-1
equity 3.4% of total assets
Liquidity
60-7
short-term debt 25.0% · cash 15.4%
Profitability
37+3
return on assets -0.1%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.8%
12-2024: 0.8%● 0.0% vs 11-2024
01-2025: 0.8%● 0.0% vs 12-2024
02-2025: 0.8%▼ -2.1% vs 01-2025
03-2025: 0.8%▲ +2.7% vs 02-2025
04-2025: 0.8%▲ +1.2% vs 03-2025
05-2025: 0.8%▲ +2.4% vs 04-2025
06-2025: 0.9%▲ +10.5% vs 05-2025highest value
07-2025: 0.5%▼ -44.3% vs 06-2025
08-2025: 0.5%● 0.0% vs 07-2025
09-2025: 0.5%▼ -8.5% vs 08-2025
10-2025: 0.5%● 0.0% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%● 0.0% vs 12-2025
02-2026: 0.4%▼ -2.0% vs 01-2026
03-2026: 0.5%▲ +3.2% vs 02-2026
04-2026: 0.5%▲ +4.8% vs 03-2026
05-2026: 0.5%▲ +2.3% vs 04-2026
06-2026: 0.6%▲ +15.4% vs 05-2026
07-2026: 0.6%▲ +5.3% vs 06-2026
08-2026: 0.7%▲ +13.3% vs 07-2026
09-2026: 0.8%▲ +19.9% vs 08-2026
10-2026: 0.4%▼ -53.3% vs 09-2026lowest value
- Size: turnover €8.5m, total assets €12.9m lowers the probability for this profile
- Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
- Equity €441,330 (3.4% of total assets) raises the probability
- No establishment unit in the KBO raises the probability
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 4.0 against 5.86 in 2024; short-term debt: 25% and cash: 15.4% of total assets), but 96.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, medium-sized). Better than this share of them on solvency 17%, liquidity 93%, profitability 30%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13,893
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1005 sector peers (2025).
NBB · sector comparisonPosition among 1005 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
48 d early
2023
47 d early
2022
53 d early
2021
46 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: Ernst & Young Bedrijfsrevisoren bv…Permanent representatives: Christophe Van Parys…
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
Key points
- Caution: Turnover fell in 2025from €36.5m to €8.5m ▼ 76.8% View
- Caution: Among the weakest 12% on solvencysector median 33.2% · 1,005 companies 3.4% View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by Koninklijke BAM Groep NVknown shareholders 100% parent View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€13,893 View
By topic
Board & ownership
- Parent
- Koninklijke BAM Groep NV
- Known shareholders
- 100%
- Auditor
- KPMG Bedrijfsrevisoren BV/SRL
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 22-07-2026Resignation: Ernst & Young Bedrijfsrevisoren bv (statutory…
- 12-06-2026Annual accounts filed
- 13-06-2025Annual accounts filed
Company details
- Legal form
- Public limited company
- Activity
- General construction of other non-residential buildingsNACE 41003
- Founded
- 05-04-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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