K-GOED
ActiveSummary
K-GOED has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,919 and a net result of €10,078. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-3
Solvency93▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.31 in 2024; short-term debt: 32.4% and cash: 34.4% of total assets), and 32.4% of the assets are financed with debt.
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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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.6%
Return on assets
10.8%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
41 d early
2023
40 d early
2022
42 d early
2021
37 d early
2020
18 d early
2019
3 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 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€62,919▲ 19.1%
2024 · €52,842
Total assets
€93,047▲ 1.2%
2024 · €91,984
Net result
€10,078▼ 15.9%
2024 · €11,982
Working capital
€26,792▲ 118%
2024 · €12,288
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,370€1,697▲ 23.9%€11,052▲ 551%€21,593▲ 95.4%€17,881▼ 17.2%
Net result€884€715▼ 19.1%€6,407▲ 796%€11,982▲ 87.0%€10,078▼ 15.9%
Equity€33,737▲ 2.7%€34,452▲ 2.1%€40,859▲ 18.6%€52,842▲ 29.3%€62,919▲ 19.1%
Total assets€101,323▲ 37.7%€109,744▲ 8.3%€99,688▼ 9.2%€91,984▼ 7.7%€93,047▲ 1.2%
Debt€67,586▲ 65.8%€75,291▲ 11.4%€58,829▼ 21.9%€39,142▼ 33.5%€30,127▼ 23.0%
Working capital-€1,400▼ 60.6%-€3,680▼ 163%-€4,408▼ 19.8%€12,288€26,792▲ 118%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,047
Fixed assets
€36,127 ▼ 10.9%
Current assets
€56,919 ▲ 10.7%
Equity and liabilities €93,047
Equity
€62,919 ▲ 19.1%
Debt
€30,127 ▼ 23.0%
Debt's share of the balance-sheet total falls from 42.6% to 32.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,307▼
2024 · €26,306
Cash flow
€14,504▼
2024 · €16,696
Current ratio
1.89▲
2024 · 1.31
Quick ratio
1.71▲
2024 · 1.13
Debt to equity
0.48▼
2024 · 0.74
ROE
16.0%▼
2024 · 22.7%
ROA
10.8%▼
2024 · 13.0%
Interest coverage
7.94▼
2024 · 8.09
Debt ≤ 1 year
€30,127▼
2024 · €39,142
Income taxes
€5,112▼
2024 · €6,402
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,017 | €3,268 | €4,383 | €4,714 | €4,426 | ▼ 6.1% |
| Other operating charges640/8 | €1,397 | €989 | €1,364 | €982 | €641 | ▼ 34.8% |
| Non-recurring operating charges66A | - | €663 | - | - | - | - |
| Gross operating margin9900 | €6,784 | €6,617 | €16,799 | €27,289 | €22,948 | ▼ 15.9% |
| Operating profit (loss)9901 | €1,370 | €1,697 | €11,052 | €21,593 | €17,881 | ▼ 17.2% |
| Financial income75/76B | €615 | €216 | €260 | €43 | €119 | ▲ 176% |
| Recurring financial income75 | €615 | €216 | €260 | €43 | €119 | ▲ 176% |
| Financial charges65/66B | €614 | €527 | €1,089 | €3,252 | €2,811 | ▼ 13.6% |
| Recurring financial charges65 | €614 | €527 | €1,089 | €3,252 | €2,811 | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €1,370 | €1,386 | €10,223 | €18,384 | €15,189 | ▼ 17.4% |
| Income taxes67/77 | €486 | €671 | €3,816 | €6,402 | €5,112 | ▼ 20.2% |
| Profit (loss) for the period9904 | €884 | €715 | €6,407 | €11,982 | €10,078 | ▼ 15.9% |
| Profit (loss) for the period to be appropriated9905 | €884 | €715 | €6,407 | €11,982 | €10,078 | ▼ 15.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,323 | €109,744 | €99,688 | €91,984 | €93,047 | ▲ 1.2% |
| Fixed assets21/28 | €43,354 | €42,278 | €45,267 | €40,554 | €36,127 | ▼ 10.9% |
| Tangible fixed assets22/27 | €43,354 | €42,278 | €45,267 | €40,554 | €36,127 | ▼ 10.9% |
| Land and buildings22 | €40,437 | €38,435 | €36,434 | €34,432 | €32,430 | ▼ 5.8% |
| Plant, machinery and equipment23 | €2,147 | €914 | €3,045 | €2,209 | €1,374 | ▼ 37.8% |
| Furniture and vehicles24 | €770 | €2,928 | €5,789 | €3,912 | €2,323 | ▼ 40.6% |
| Current assets29/58 | €57,969 | €67,466 | €54,421 | €51,430 | €56,919 | ▲ 10.7% |
| Stocks and contracts in progress3 | €25,791 | €11,112 | €9,113 | €7,090 | €5,333 | ▼ 24.8% |
| Stocks30/36 | €25,791 | €11,112 | €9,113 | €7,090 | €5,333 | ▼ 24.8% |
| Amounts receivable within one year40/41 | €23,912 | €52,292 | €18,925 | €16,763 | €16,991 | ▲ 1.4% |
| Trade receivables40 | €20,246 | €52,073 | €17,240 | €16,763 | €16,991 | ▲ 1.4% |
| Other amounts receivable41 | €3,666 | €219 | €1,684 | - | - | - |
| Cash at bank and in hand54/58 | €7,057 | €3,152 | €24,596 | €25,593 | €32,051 | ▲ 25.2% |
| Deferred charges and accrued income490/1 | €1,209 | €911 | €1,787 | €1,985 | €2,543 | ▲ 28.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,323 | €109,744 | €99,688 | €91,984 | €93,047 | ▲ 1.2% |
| Equity10/15 | €33,737 | €34,452 | €40,859 | €52,842 | €62,919 | ▲ 19.1% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €8,737 | €9,452 | €15,859 | €27,842 | €37,919 | ▲ 36.2% |
| Non-distributable reserves130/1 | €770 | €770 | - | - | - | - |
| Reserves not available under the articles1311 | €770 | €770 | - | - | - | - |
| Distributable reserves133 | €7,967 | €8,682 | €15,859 | €27,842 | €37,919 | ▲ 36.2% |
| Amounts payable17/49 | €67,586 | €75,291 | €58,829 | €39,142 | €30,127 | ▼ 23.0% |
| Amounts payable after more than one year17 | €8,217 | €4,146 | - | - | - | - |
| Financial debts170/4 | €8,217 | €4,146 | - | - | - | - |
| Amounts payable within one year42/48 | €59,369 | €71,146 | €58,829 | €39,142 | €30,127 | ▼ 23.0% |
| Current portion of amounts payable after more than one year42 | €3,999 | €4,071 | €4,146 | - | - | - |
| Trade debts44 | €26,749 | €6,092 | €367 | €2,306 | €1,518 | ▼ 34.2% |
| Suppliers440/4 | €26,749 | €6,092 | €367 | €2,306 | €1,518 | ▼ 34.2% |
| Taxes, remuneration and social security45 | €1,831 | €4,293 | €1,393 | €3,405 | €2,878 | ▼ 15.5% |
| Taxes450/3 | €163 | €2,625 | €1,393 | €3,405 | €2,878 | ▼ 15.5% |
| Remuneration and social security454/9 | €1,668 | €1,668 | - | - | - | - |
| Other amounts payable47/48 | €26,790 | €56,689 | €52,923 | €33,432 | €25,731 | ▼ 23.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €884 | €715 | €6,407 | €11,982 | €10,078 | ▼ 15.9% |
| + Depreciation and write-downs630 | €4,017 | €3,268 | €4,383 | €4,714 | €4,426 | ▼ 6.1% |
| Operating cash flow (approximation) | €4,902 | €3,983 | €10,790 | €16,696 | €14,504 | ▼ 13.1% |
| Investment in fixed assets (approximation) | - | -€2,191 | -€7,373 | €0 | €0 | - |
| Change in cash | - | -€3,905 | €21,445 | €996 | €6,458 | ▲ 548% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €11,982 ▲87%
Operating result €21,593, net result €11,982, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €884
Net result €884 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€1,176
Net result drops to -€1,176, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 37 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial 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, Kortrijk · 1 establishment unit since 2009
Ground area
185 m²
Building footprint
185 m²
Volume, LiDAR
1,645 m³
Parcel 34022E0070/00S009, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
K-Goed
since 20092.177.281.695
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0070/00S009 | Flanders | 185 m² | 1 · 185 m² | 13.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,778 EUR awarded · 2,127 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 345 EUR | 345 EUR |
| 2024 | 1 | 435 EUR | 516 EUR |
| 2023 | 1 | 261 EUR | 529 EUR |
| 2022 | 1 | 737 EUR | 737 EUR |
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 3,024 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
Founded15-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
33120Repair and maintenance of machinery
43211General electrical installation work
43230Insulation installation
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809238336
Also
9925:BE0809238336
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.