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K & N

Active
Private limited companyfounded 200521 yrs activeSteenweg op Brussel 72-74, 1780 Wemmel, BelgiumKBO/BCE: BE 0874.377.202

The file of K & N contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €192,165 and a net result of -€20,642. Its solvency ranks better than 83% of 6545 sector peers (fiscal year 2024).

Checked score

Score 2024
Axes
Profitability8
Solvency93
Growth-
Track record45
Bankruptcy probability, 12 months
≥ 25% High
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.05; short-term debt: 32.3% and cash: 93.6% of total assets), and 32.3% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Judicial reorganisation on record
A judicial reorganisation is on record, and one often precedes a bankruptcy.
Belgian State Gazette
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
67.7%
Return on assets
-7.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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.
NBB · 1 filing
Deviation from the deadline
2024
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 June 2005, K & N was incorporated.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, full schema

Turnover
€442,286
EBIT margin
-4.6%
Net result
-€20,642
Working capital
€187,916
Balance-sheet composition
Assets €283,681
Fixed assets €4,249
Current assets €279,432
Equity and liabilities €283,681
Equity €192,165
Debt €91,516
Debt finances 32.3% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
-€16,914
Cash flow
-€17,235
Current ratio
3.05
Quick ratio
2.90
Debt to equity
0.48
ROE
-10.7%
ROA
-7.3%
Interest coverage
-52.73
Debt ≤ 1 year
€91,516
Staff costs
€110,830

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2024 · 36 lines
Balance sheet Code2024
Assets
Total assets20/58€283,681
Fixed assets21/28€4,249
Tangible fixed assets22/27€4,249
Furniture and vehicles24€4,249
Current assets29/58€279,432
Stocks and contracts in progress3€13,788
Stocks30/36€13,788
Cash at bank and in hand54/58€265,644
Equity and liabilities
Total equity and liabilities10/49€283,681
Equity10/15€192,165
Contributions10/11€40,000
Capital10€40,000
Issued capital100€40,000
Profit (loss) carried forward14€152,165
Amounts payable17/49€91,516
Amounts payable within one year42/48€91,516
Trade debts44€15,450
Suppliers440/4€15,450
Taxes, remuneration and social security45€76,066
Taxes450/3€17,607
Remuneration and social security454/9€58,459
Income statement Code2024
Turnover70€442,286
Goods, raw materials, services and sundry goods60/61€347,283
Remuneration, social security and pensions62€110,830
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,407
Other operating charges640/8€1,087
Gross operating margin9900€95,003
Operating profit (loss)9901-€20,321
Financial charges65/66B€321
Recurring financial charges65€321
Profit (loss) for the period before taxes9903-€20,642
Profit (loss) for the period9904-€20,642
Profit (loss) for the period to be appropriated9905-€20,642
Appropriation of the result
Profit (loss) to be appropriated9906€152,165
Profit (loss) brought forward from the previous period14P€172,807
Social balance
Average headcount (FTE)90873.0

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Turnover70€442,286
Goods, raw materials, services and sundry goods60/61€347,283
Remuneration, social security and pensions62€110,830
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,407
Other operating charges640/8€1,087
Gross operating margin9900€95,003
Operating profit (loss)9901-€20,321
Financial charges65/66B€321
Recurring financial charges65€321
Profit (loss) for the period before taxes9903-€20,642
Profit (loss) for the period9904-€20,642
Profit (loss) for the period to be appropriated9905-€20,642
Line2024
Assets
Total assets20/58€283,681
Fixed assets21/28€4,249
Tangible fixed assets22/27€4,249
Furniture and vehicles24€4,249
Current assets29/58€279,432
Stocks and contracts in progress3€13,788
Stocks30/36€13,788
Cash at bank and in hand54/58€265,644
Equity and liabilities
Total equity and liabilities10/49€283,681
Equity10/15€192,165
Contributions10/11€40,000
Capital10€40,000
Issued capital100€40,000
Profit (loss) carried forward14€152,165
Amounts payable17/49€91,516
Amounts payable within one year42/48€91,516
Trade debts44€15,450
Suppliers440/4€15,450
Taxes, remuneration and social security45€76,066
Taxes450/3€17,607
Remuneration and social security454/9€58,459
Line2024
Profit (loss) for the period9904-€20,642
+ Depreciation and write-downs630€3,407
Operating cash flow (approximation)-€17,235

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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Timeline · acts, filings and financial milestones

2026
05-06
Judicial reorganisation Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 27-05-2026
10-04
Judicial reorganisation Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 01-04-2026
2025
25-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 25 days late
SignalNBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wemmel · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
680 m²
Building footprint
249 m²
Volume, LiDAR
2,080 m³
Parcel 22662B0025/00S002, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
K & N
Steenweg op Brussel 72-74, 1780 WemmelNACE 52461
since 20052.149.010.947
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22662B0025/00S002 Flanders 680 m² 1 · 249 m² 12.7 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.

Similar companies · same sector, comparable size

Of 1,719 companies in this sector we hold annual accounts for 1,288. 978 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded09-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID 0208:0874377202
Also 9925:BE0874377202
Registered 13-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.