K & H PROJECTS
ActiveSummary
K & H PROJECTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169,225 and a net result of €27,918. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
What they do
General electrical installation work
NACE 43211
1 site
How big
€179,986total assets 2025
- Equity
- €169,225
- Profit
- €27,918
Turnover not published (abridged schema)
Who decides
Accounts 18 d early0 of 2 deeds read
Why 88- Higher-failure-rate sector+ Annual accounts: healthy financial profile+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-12
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 14.96 against 6.82 in 2024; short-term debt: 6% and cash: 49.4% of total assets), and 6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 · 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
94%
Return on assets
15.5%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
31 d early
2023
19 d early
2022
28 d early
2021
31 d early
2020
32 d early
2019
11 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 24 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. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Liquidity doublescurrent ratio 14.96
- Equity above €150,000Eq €169,225 ▲19.8%
Financials
Fiscal year 2025Total assets €179,986Profit €27,918Solvency 94.0%Liquidity 14.96
Total assets
€179,986▲ 11.4%
2018 - 2025
Net result
€27,918▼ 36.5%
2018 - 2025
Equity
€169,225▲ 19.8%
2018 - 2025
Solvency
94.0%▲ 6.5pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,694€35,576▲ 180%€46,182▲ 29.8%€60,638▲ 31.3%€38,953▼ 35.8%
Net result€12,495within the sector's middle half€32,903above the sector's middle half▲ 163%€33,811above the sector's middle half▲ 2.8%€43,939above the sector's middle half▲ 30.0%€27,918within the sector's middle half▼ 36.5%
Equity€30,654within the sector's middle half▲ 68.8%€63,557within the sector's middle half▲ 107%€97,368within the sector's middle half▲ 53.2%€141,307above the sector's middle half▲ 45.1%€169,225above the sector's middle half▲ 19.8%
Total assets€78,475within the sector's middle half▼ 10.3%€99,358within the sector's middle half▲ 26.6%€107,019within the sector's middle half▲ 7.7%€161,538within the sector's middle half▲ 50.9%€179,986within the sector's middle half▲ 11.4%
Debt€47,821▼ 31.0%€35,802▼ 25.1%€9,651▼ 73.0%€20,231▲ 110%€10,761▼ 46.8%
Working capital€13,863within the sector's middle half▲ 123%€49,577within the sector's middle half▲ 258%€81,007within the sector's middle half▲ 63.4%€117,795above the sector's middle half▲ 45.4%€150,251above the sector's middle half▲ 27.6%
Solvency39.1%within the sector's middle half▲ 18.3pp64.0%within the sector's middle half▲ 24.9pp91.0%above the sector's middle half▲ 27.0pp87.5%above the sector's middle half▼ 3.5pp94.0%above the sector's middle half▲ 6.5pp
Current ratio1.29within the sector's middle half▲ 0.202.39within the sector's middle half▲ 1.109.39above the sector's middle half▲ 7.016.82above the sector's middle half▼ 2.5714.96above the sector's middle half▲ 8.14
Return on assets (ROA)15.9%within the sector's middle half▲ 43.5pp33.1%above the sector's middle half▲ 17.2pp31.6%above the sector's middle half▼ 1.5pp27.2%above the sector's middle half▼ 4.4pp15.5%within the sector's middle half▼ 11.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179,986
Fixed assets
€18,974 ▼ 19.3%
Current assets
€161,012 ▲ 16.7%
Equity and liabilities €179,986
Equity
€169,225 ▲ 19.8%
Debt
€10,761 ▼ 46.8%
Debt's share of the balance-sheet total falls from 12.5% to 6.0%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€45,943▼
2024 · €66,403
Cash flow
€34,908▼
2024 · €49,704
Debt to equity
0.06▼
2024 · 0.14
ROE
16.5%▼
2024 · 31.1%
Interest coverage
338.12▼
2024 · 566.86
Debt ≤ 1 year
€10,761▼
2024 · €20,231
Income taxes
€11,410▼
2024 · €16,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% 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
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €22,597 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,313 | €5,679 | €5,890 | €5,764 | €6,990 | ▲ 21.3% |
| Other operating charges640/8 | €464 | €467 | €875 | €576 | €527 | ▼ 8.5% |
| Gross operating margin9900 | €17,472 | €41,722 | €52,948 | €66,979 | €46,471 | ▼ 30.6% |
| Operating profit (loss)9901 | €12,694 | €35,576 | €46,182 | €60,638 | €38,953 | ▼ 35.8% |
| Financial income75/76B | €11 | €11 | €87 | €400 | €510 | ▲ 27.6% |
| Recurring financial income75 | €11 | €11 | €87 | €400 | €510 | ▲ 27.6% |
| Financial charges65/66B | €210 | €184 | €144 | €117 | €136 | ▲ 16.0% |
| Recurring financial charges65 | €210 | €184 | €144 | €117 | €136 | ▲ 16.0% |
| Profit (loss) for the period before taxes9903 | €12,495 | €35,403 | €46,126 | €60,920 | €39,327 | ▼ 35.4% |
| Income taxes67/77 | - | €2,500 | €12,315 | €16,981 | €11,410 | ▼ 32.8% |
| Profit (loss) for the period9904 | €12,495 | €32,903 | €33,811 | €43,939 | €27,918 | ▼ 36.5% |
| Profit (loss) for the period to be appropriated9905 | €12,495 | €32,903 | €33,811 | €43,939 | €27,918 | ▼ 36.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,475 | €99,358 | €107,019 | €161,538 | €179,986 | ▲ 11.4% |
| Fixed assets21/28 | €16,791 | €13,995 | €16,361 | €23,512 | €18,974 | ▼ 19.3% |
| Tangible fixed assets22/27 | €16,791 | €13,995 | €16,361 | €23,512 | €18,974 | ▼ 19.3% |
| Plant, machinery and equipment23 | €11,397 | €10,838 | €7,874 | €11,294 | €9,744 | ▼ 13.7% |
| Furniture and vehicles24 | €5,394 | €3,157 | €8,487 | €12,218 | €9,230 | ▼ 24.5% |
| Current assets29/58 | €61,685 | €85,364 | €90,658 | €138,026 | €161,012 | ▲ 16.7% |
| Amounts receivable within one year40/41 | €34,305 | €53,868 | €18,015 | €12,176 | €62,595 | ▲ 414% |
| Trade receivables40 | €32,853 | €53,491 | €14,280 | €4,790 | €51,947 | ▲ 985% |
| Other amounts receivable41 | €1,451 | €377 | €3,736 | €7,386 | €10,649 | ▲ 44.2% |
| Cash at bank and in hand54/58 | €15,803 | €25,512 | €72,347 | €117,884 | €88,835 | ▼ 24.6% |
| Deferred charges and accrued income490/1 | €11,577 | €5,983 | €295 | €7,966 | €9,582 | ▲ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,475 | €99,358 | €107,019 | €161,538 | €179,986 | ▲ 11.4% |
| Equity10/15 | €30,654 | €63,557 | €97,368 | €141,307 | €169,225 | ▲ 19.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €26,860 | €56,860 | €99,860 | €126,860 | ▲ 27.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €25,000 | €56,860 | €99,860 | €126,860 | ▲ 27.0% |
| Profit (loss) carried forward14 | €22,594 | €30,497 | €34,308 | €35,247 | €36,165 | ▲ 2.6% |
| Amounts payable17/49 | €47,821 | €35,802 | €9,651 | €20,231 | €10,761 | ▼ 46.8% |
| Amounts payable within one year42/48 | €47,821 | €35,787 | €9,651 | €20,231 | €10,761 | ▼ 46.8% |
| Trade debts44 | €7,327 | €6,558 | €4,345 | €12,488 | €5,904 | ▼ 52.7% |
| Suppliers440/4 | €7,327 | €6,558 | €4,345 | €12,488 | €5,904 | ▼ 52.7% |
| Taxes, remuneration and social security45 | €4,590 | €8,592 | €5,306 | €7,743 | €3,159 | ▼ 59.2% |
| Taxes450/3 | €4,590 | €8,592 | €5,306 | €7,743 | €3,159 | ▼ 59.2% |
| Other amounts payable47/48 | €35,905 | €20,636 | €0 | - | €1,698 | - |
| Accrued charges and deferred income492/3 | - | €15 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,495 | €32,903 | €33,811 | €43,939 | €27,918 | ▼ 36.5% |
| + Depreciation and write-downs630 | €4,313 | €5,679 | €5,890 | €5,764 | €6,990 | ▲ 21.3% |
| Operating cash flow (approximation) | €16,808 | €38,582 | €39,701 | €49,704 | €34,908 | ▼ 29.8% |
| Investment in fixed assets (approximation) | - | -€2,883 | -€8,256 | -€12,915 | -€2,451 | ▲ 81.0% |
| Change in cash | - | €9,709 | €46,835 | €45,537 | -€29,048 | ▼ 164% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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INDAGRO
BE 0447.970.843
Stekene · Eq €169,174
OMNIUM PROTECTA
BE 0464.468.761
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KDM TECHNICS
BE 0631.682.410
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Of 22,818 companies in this sector we hold annual accounts for 10,343. 8,501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
17 eventsLatest 13-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 14.96
Current ratio from 6.82 to 14.96; short-term debt falls from €20,231 to €10,761.
31-12
Financial
Equity above €150,000Eq €169,225 ▲19.8%
5 profitable years in a row build equity to €169,225.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €43,939 ▲30%
Operating result €60,638, net result €43,939, both a record.
31-12
Financial
Equity above €100,000Eq €141,307 ▲45.1%
4 profitable years in a row build equity to €141,307.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 9.39
Current ratio from 2.39 to 9.39; short-term debt falls from €35,787 to €9,651.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €12,495
Net result €12,495 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€25,010
Net result drops to -€25,010, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
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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Support & recognitions
1 funding sourceFlanders €75
Flemish government
€75
awarded · 2023
Subsidies and aid
Flemish government
2023 · 1 entry · €75 awarded · €75 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | €75 | €75 |
Company details
Private limited company · founded 25-06-2010Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded25-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42110Construction of roads and motorways
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826939351
Also
9925:BE0826939351
Registered
16-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Peer · 1 establishment unit since 2010
Ground area
2,729 m²
Building footprint
237 m²
Volume, LiDAR
1,181 m³
Parcel 72030C0902/00X003, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K & H PROJECTS
since 2010unit no. 2.190.181.113
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030C0902/00X003 | Flanders | 2,729 m² | 1 · 237 m² | 8.2 m · 2 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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