K-FISC · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of K-FISC is 0.1% (very low). The 2024 annual accounts show equity of €1.43M and a net result of €566k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 479 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 479 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2023-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 14 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	21-08-2025	21 d late	2025-00401661
31-12-2023	31-07-2024	31-07-2024	on the day	2024-00332445
31-03-2023	31-10-2023	29-11-2023	29 d late	2023-00517897
31-03-2022	31-10-2022	28-11-2022	28 d late	2022-20530910
31-03-2021	31-10-2021	17-11-2021	17 d late	2021-77800135
31-03-2020	31-10-2020	16-11-2020	16 d late	2020-71200035
31-03-2019	31-10-2019	02-10-2019	29 d early	2019-68200380
31-03-2018	31-10-2018	21-09-2018	40 d early	2018-64400416
31-03-2017	31-10-2017	27-09-2017	34 d early	2017-65700221
31-03-2016	31-10-2016	05-10-2016	26 d early	2016-65200211

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2003, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€566k+213.1%

Working capital€1.39M+209.3%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 21-08-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~18.3%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 69, Legal & accounting · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	91.7%	22.1%	better than 95% of 479 sector peers
Net result	€566k	€101k	better than 90% of 479 sector peers
Equity	€1.43M	€165k	better than 95% of 479 sector peers
Gross operating margin	€603k	€462k	better than 60% of 479 sector peers
Total assets	€1.56M	€1.12M	better than 60% of 479 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Improving position over 2020-2024 · n=122-479

Net result P90

Improving position over 2020-2024 · n=121-479

Equity P95

Improving position over 2020-2024 · n=122-479

Gross operating margin P60

Improving position over 2020-2024 · n=122-479

Describes the position versus peers, not a forecast.

EBITDA

€602k

+275.1% 19-24

Net profit

€566k

+213.1% 19-24

Cash flow

€580k

+204.1% 19-24

Total assets

€1.56M

+64.6% 19-24

Equity

€1.43M

+65.7% 19-24

Working capital

€1.39M

+209.3% 19-24

Income taxes

€105k

+106.9% 19-24

Dividends

€450

0.0% 19-24

Debt

€129k

+52.8% 19-24

Debt ≤ 1y

€128k

+51.9% 19-24

Current ratio

11.85

+87.2% 19-24

Quick ratio

11.85

+87.2% 19-24

Solvency

91.7%

+0.7% 19-24

Debt / equity

0.09

-7.8% 19-24

ROE

39.7%

+89.0% 19-24

ROA

36.4%

+90.3% 19-24

Interest coverage

2958.96

-30.8% 19-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€602k
Net profit	€566k
Cash flow	€580k
Staff costs	-
Income taxes	€105k
Dividends	€450
Total assets	€1.56M
Equity	€1.43M
Debt	€129k
of which ≤ 1y	€128k
of which > 1y	-
Working capital	€1.39M
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	11.85
Quick ratio	11.85
Working capital ratio	89.5%
Solvency	91.7%
Debt / equity	0.09
Long-term debt ratio	-
Interest coverage	2958.96
Gross margin	-
Net margin	-
ROA	36.4%
ROE	39.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €34k · 2.2% Current assets €1.52M · 97.8%

Equity & liabilities

Equity €1.43M · 91.7% Debt €129k · 8.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.56M
Fixed assets	21/28	€34k
Tangible fixed assets	22/27	€34k
Current assets	29/58	€1.52M
Amounts receivable within one year	40/41	€291k
Investments	50/53	€300k
Cash & bank	54/58	€631k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.56M
Equity	10/15	€1.43M
Contributions / capital	10/11	€118k
Reserves	13	€1.31M
Accumulated profits (losses)	14	€447
Amounts payable	17/49	€129k
Amounts payable within one year	42/48	€128k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€603k
Operating result	9901	€588k
Financial income	75	€84k
Financial charges	65	€203
Result before taxes	9903	€672k
Income taxes	67/77	€105k
Net result for the period	9904	€566k
Result to be appropriated	9905	€566k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Connections & network

1 connected company

Group structure

SADEL

We sit on their board · 1 location

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

K-FISCBE 0859.999.327

controls

Where this company holds controlthis company sits on their board1

SADEL

1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

's Gravenstraat 205A9810 Nazareth-De Pinte

Establishment units

1 location

's Gravenstraat 205, 9810 Nazareth

Boekhouders

since 20032.200.830.723

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,547 m²

Buildings2

Building footprint418 m²

Volume (LiDAR)2,307 m³

Tallest building8.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44048G0101/00G000	Flanders	1,416 m²	1 · 228 m²	8.8 m · 2 fl.
44048G0101/00E000	Flanders	1,131 m²	1 · 190 m²	8.4 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 100

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works