K-MILL
ActiveSummary
K-MILL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €671k and a net result of €126k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 72% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+36
Solvency100=
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.94 in 2024; short-term debt: 23.6% and cash: 1% of total assets), and 23.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
76.4%
Return on assets
14.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-11-2025, 154 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
154 d early
2024
1 d early
2023
17 d late
2022
2 d late
2021
68 d early
2020
46 d early
2019
94 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€671k▼ 17.0%
2024 · €809k
2018: €689k
2019: €747k▲ +8.4% vs 2018
2020: €742k▼ -0.6% vs 2019
2021: €748k▲ +0.7% vs 2020
2022: €825k▲ +10.3% vs 2021highest in 8 years
2023: €812k▼ -1.5% vs 2022
2024: €809k▼ -0.4% vs 2023
2025: €671k▼ -17.0% vs 2024lowest in 8 years
2018 → 2025
Total assets
€879k▼ 17.3%
2024 · €1.06M
2018: €859k
2019: €887k▲ +3.3% vs 2018
2020: €902k▲ +1.7% vs 2019
2021: €858k▼ -4.9% vs 2020lowest in 8 years
2022: €896k▲ +4.4% vs 2021
2023: €1.11M▲ +23.5% vs 2022highest in 8 years
2024: €1.06M▼ -4.0% vs 2023
2025: €879k▼ -17.3% vs 2024
2018 → 2025
Net result
€126k
2024 · €-3k
2018: €117k
2019: €178k▲ +52.7% vs 2018
2020: €106k▼ -40.6% vs 2019
2021: €105k▼ -0.3% vs 2020
2022: €177k▲ +67.8% vs 2021
2023: €264k▲ +49.1% vs 2022highest in 8 years
2024: €-3k▼ -101% vs 2023lowest in 8 years
2025: €126k▲ +4130% vs 2024
2018 → 2025
Working capital
€-155k▼ 844%
2024 · €-16k
2018: €-137k
2019: €-79k▲ +42.5% vs 2018
2020: €-84k▼ -7.1% vs 2019
2021: €-79k▲ +6.5% vs 2020
2022: €-2k▲ +97.8% vs 2021highest in 8 years
2023: €-13k▼ -668% vs 2022
2024: €-16k▼ -23.5% vs 2023
2025: €-155k▼ -844% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€748k-€825k▲ 10.3%€812k▼ 1.5%€809k▼ 0.4%€671k▼ 17.0%
2021: €748k
2022: €825k▲ +10.3% vs 2021highest in 5 years
2023: €812k▼ -1.5% vs 2022
2024: €809k▼ -0.4% vs 2023
2025: €671k▼ -17.0% vs 2024lowest in 5 years
Operating result€-2k-€-2k▲ 4.6%€-1k▲ 29.5%€-3k▼ 151%€-9k▼ 205%
2021: €-2k
2022: €-2k▲ +4.6% vs 2021
2023: €-1k▲ +29.5% vs 2022highest in 5 years
2024: €-3k▼ -151% vs 2023
2025: €-9k▼ -205% vs 2024lowest in 5 years
Net result€105k-€177k▲ 67.8%€264k▲ 49.1%€-3k€126k
2021: €105k
2022: €177k▲ +67.8% vs 2021
2023: €264k▲ +49.1% vs 2022highest in 5 years
2024: €-3k▼ -101% vs 2023lowest in 5 years
2025: €126k▲ +4130% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €879k
Fixed assets
€826k =
Current assets
€53k ▼ 77.8%
Equity and liabilities €879k
Equity
€671k ▼ 17.0%
Debt
€208k ▼ 18.2%
Debt's share of the balance-sheet total falls from 23.9% to 23.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.25▼
2024 · 0.94
Debt to equity
0.31▼
2024 · 0.31
ROE
18.7%▲
2024 · -0.4%
ROA
14.3%▲
2024 · -0.3%
Debt ≤ 1 year
€208k▼
2024 · €253k
Income taxes
€12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.06M€879k▼
Fixed assets21/28€826k€826k=
Financial fixed assets28€826k€826k=
Current assets29/58€236k€53k▼
Amounts receivable within one year40/41€195k€44k▼
Other amounts receivable41€195k€44k▼
Cash at bank and in hand54/58€42k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.06M€879k▼
Equity10/15€809k€671k▼
Contributions10/11€339k€146k▼
Capital10€339k€146k▼
Issued capital100€339k€146k▼
Reserves13€473k€526k▲
Non-distributable reserves130/1€34k€34k=
Legal reserve130€34k€34k=
Distributable reserves133€439k€492k▲
Profit (loss) carried forward14€-3k€0▲
Amounts payable17/49€254k€208k▼
Amounts payable within one year42/48€253k€208k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€81k€12k▼
Taxes450/3€81k€12k▼
Other amounts payable47/48€170k€191k▲
Accrued charges and deferred income492/3€960€0▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-2k€-8k▼
Operating profit (loss)9901€-3k€-9k▼
Financial income75/76B€0€147k▲
Recurring financial income75€0€147k▲
Financial charges65/66B€213€257▲
Recurring financial charges65€213€257▲
Profit (loss) for the period before taxes9903€-3k€138k▲
Income taxes67/77-€12k
Profit (loss) for the period9904€-3k€126k▲
Profit (loss) for the period to be appropriated9905€-3k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€123k▲
Profit (loss) brought forward from the previous period14P€0€-3k▼
Transfer from equity791/2€0€70k▲
Transfer to equity691/2-€123k
To other reserves6921-€123k
Profit to be distributed694/7€0€70k▲
Return on contributions (dividend)694€0€70k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €246 | €199 | €1k | €1k | ▲ 4.7% |
| Gross operating margin9900 | €-1k | €-1k | €-960 | €-2k | €-8k | ▼ 341% |
| Operating profit (loss)9901 | €-2k | €-2k | €-1k | €-3k | €-9k | ▼ 205% |
| Financial income75/76B | - | €196k | €265k | €0 | €147k | - |
| Recurring financial income75 | €118k | €196k | €265k | €0 | €147k | - |
| Financial charges65/66B | - | €55 | €54 | €213 | €257 | ▲ 20.6% |
| Recurring financial charges65 | €63 | €55 | €54 | €213 | €257 | ▲ 20.6% |
| Profit (loss) for the period before taxes9903 | €116k | €195k | €264k | €-3k | €138k | ▲ 4,523% |
| Income taxes67/77 | €11k | €18k | €0 | - | €12k | - |
| Profit (loss) for the period9904 | €105k | €177k | €264k | €-3k | €126k | ▲ 4,130% |
| Profit (loss) for the period to be appropriated9905 | €105k | €177k | €264k | €-3k | €126k | ▲ 4,130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €858k | €896k | €1.11M | €1.06M | €879k | ▼ 17.3% |
| Fixed assets21/28 | €826k | €826k | €826k | €826k | €826k | = |
| Financial fixed assets28 | €826k | €826k | €826k | €826k | €826k | = |
| Current assets29/58 | €32k | €70k | €281k | €236k | €53k | ▼ 77.8% |
| Amounts receivable within one year40/41 | €10k | €60k | €268k | €195k | €44k | ▼ 77.4% |
| Other amounts receivable41 | - | €60k | €268k | €195k | €44k | ▼ 77.4% |
| Cash at bank and in hand54/58 | €22k | €10k | €13k | €42k | €9k | ▼ 79.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €858k | €896k | €1.11M | €1.06M | €879k | ▼ 17.3% |
| Equity10/15 | €748k | €825k | €812k | €809k | €671k | ▼ 17.0% |
| Contributions10/11 | €339k | €339k | €339k | €339k | €146k | ▼ 57.0% |
| Capital10 | - | €339k | €339k | €339k | €146k | ▼ 57.0% |
| Issued capital100 | - | €339k | €339k | €339k | €146k | ▼ 57.0% |
| Reserves13 | €404k | €481k | €473k | €473k | €526k | ▲ 11.2% |
| Non-distributable reserves130/1 | - | €49k | €34k | €34k | €34k | = |
| Legal reserve130 | - | €49k | €34k | €34k | €34k | = |
| Distributable reserves133 | - | €432k | €439k | €439k | €492k | ▲ 12.0% |
| Profit (loss) carried forward14 | €5k | €5k | €0 | €-3k | €0 | ▲ 100% |
| Amounts payable17/49 | €111k | €72k | €295k | €254k | €208k | ▼ 18.2% |
| Amounts payable within one year42/48 | €111k | €72k | €294k | €253k | €208k | ▼ 17.9% |
| Trade debts44 | - | €868 | €0 | €2k | €4k | ▲ 159% |
| Suppliers440/4 | - | €868 | €0 | €2k | €4k | ▲ 159% |
| Taxes, remuneration and social security45 | - | €18k | €18k | €81k | €12k | ▼ 84.8% |
| Taxes450/3 | - | €18k | €18k | €81k | €12k | ▼ 84.8% |
| Other amounts payable47/48 | - | €53k | €276k | €170k | €191k | ▲ 12.1% |
| Accrued charges and deferred income492/3 | - | - | €960 | €960 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105k | €177k | €264k | €-3k | €126k | ▲ 4,130% |
| Operating cash flow (approximation) | €105k | €177k | €264k | €-3k | €126k | ▲ 4,130% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-11k | €3k | €29k | €-33k | ▼ 216% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Back to profitnet €126k
Net result €126k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2023
30-09
Financial
Highest result since 2018net €264k ▲49.1%
Net result €264k, the highest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Aalst · 1 establishment unit since 2003
Ground area
8,478 m²
Building footprint
3,552 m²
Volume, LiDAR
25,035 m³
Parcel 41303D0057/00Z000, Flanders · tallest building 27.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
K-MILL
since 20032.145.048.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0057/00Z000 | Flanders | 8,478 m² | 1 · 3,552 m² | 27.6 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.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 2,084 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-08-2003
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.