K&O GROUP

Active

Private limited companyfounded 20206 yrs activeGodfroid Kurthstraat 14, 1140 Evere, BelgiumKBO/BCE: BE 0742.795.811

The computed 12-month bankruptcy probability of K&O GROUP is 7.5% (elevated). The 2024 annual accounts show equity of €32k and a net result of €2k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 6717 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

42 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability68▼-6

Solvency60▼-18

Growth68▲+5

Track record100

Bankruptcy probability, 12 months

7.5% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity short (current ratio 0.94 against 1.31 in 2023; short-term debt: 65% and cash: 14.1% of total assets), and 65% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

35%

Return on assets

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

24 d early

2022

17 d early

2021

31 d late

2020

29 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€150k▲ 56.9%

2023 · €95k

2020: €62k 2021: €188k 2022: €206k 2023: €95k

2020 → 2024

EBIT margin

2.2%▼ 0.7pp

2023 · 2.8%

2020: 18.2% 2021: 6.1% 2022: 9.5% 2023: 2.8%

2020 → 2024

Net result

€2k▼ 40.3%

2023 · €3k

2020: €11k 2021: €11k 2022: €2k 2023: €3k

2020 → 2024

Working capital

€-3k

2023 · €8k

2020: €-2k 2021: €5k 2022: €24k 2023: €8k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€62k-€188k▲ 201%€206k▲ 9.6%€95k▼ 53.7%€150k▲ 56.9%

Equity€14k-€25k▲ 84.1%€27k▲ 6.3%€30k▲ 11.6%€32k▲ 6.2%

Operating result€11k-€11k▲ 0.2%€19k▲ 70.8%€3k▼ 86.2%€3k▲ 20.9%

Net result€11k-€11k▲ 3.0%€2k▼ 86.1%€3k▲ 94.5%€2k▼ 40.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 21% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €90k

38.6%

61.4%

Fixed assets €35k▲ 61.5%

Current assets €55k▲ 59.9%

Equity and liabilities €90k

35.0%

65.0%

Equity €32k▲ 6.2%

Debt €59k▲ 121%

The debt ratio rises from 47.2% to 65.0%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€16k▲

2023 · €12k

Cash flow

€15k▲

2023 · €12k

Solvency

35.0%▼

2023 · 52.8%

Current ratio

0.94▼

2023 · 1.31

Quick ratio

0.94▼

2023 · 1.31

Debt / equity

1.86▲

2023 · 0.89

ROE

5.8%▼

2023 · 10.4%

ROA

2.0%▼

2023 · 5.5%

Interest coverage

69.02▲

2023 · 28.08

Debt

€59k▲

2023 · €27k

Debt ≤ 1 year

€59k▲

2023 · €27k

Income taxes

€1k

Staff costs

€59k▲

2023 · €30k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€56k€90k▲

Fixed assets21/28€22k€35k▲

Tangible fixed assets22/27€22k€35k▲

Furniture and vehicles24€22k€35k▲

Current assets29/58€35k€55k▲

Amounts receivable within one year40/41€30k€43k▲

Trade receivables40€28k€33k▲

Other amounts receivable41€2k€10k▲

Cash at bank and in hand54/58€5k€13k▲

Equity and liabilities

Total equity and liabilities10/49€56k€90k▲

Equity10/15€30k€32k▲

Contributions10/11€3k€3k=

Outside capital11€3k€3k=

Share premium1100/10€3k€3k=

Profit (loss) carried forward14€27k€29k▲

Amounts payable17/49€27k€59k▲

Amounts payable within one year42/48€27k€59k▲

Trade debts44€3k€4k▲

Suppliers440/4€3k€4k▲

Taxes, remuneration and social security45€4k€8k▲

Taxes450/3€269€3k▲

Remuneration and social security454/9€3k€5k▲

Other amounts payable47/48€19k€47k▲

Income statement Code20232024

Turnover70€95k€150k▲

Goods, raw materials, services and sundry goods60/61€53k€73k▲

Remuneration, social security and pensions62€30k€59k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲

Other operating charges640/8€612€2k▲

Gross operating margin9900€43k€77k▲

Operating profit (loss)9901€3k€3k▲

Financial income75/76B€1k€135▼

Recurring financial income75€16€135▲

Non-recurring financial income76B€1k€135▼

Financial charges65/66B€1k€232▼

Recurring financial charges65€423€232▼

Non-recurring financial charges66B€593€0▼

Profit (loss) for the period before taxes9903€3k€3k▲

Income taxes67/77-€1k

Profit (loss) for the period9904€3k€2k▼

Profit (loss) for the period to be appropriated9905€3k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€27k€29k▲

Profit (loss) brought forward from the previous period14P€24k€27k▲

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

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

07-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

14-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €2k ▼86.1%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity times 30current ratio 32.55

Current ratio from 1.08 to 32.55; short-term debt falls from €56k to €769.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Highest result since 2020net €11k ▲3%

Net result €11k, the highest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-03-2026 KAMRUZZAMAN MIYAN: Resigned as Director

31-03-2026 LAMBIRI HASNAE: Resigned as Director

25-06-2025 MARBOUH ZAKARIAE: Resigned as Director

28-03-2024 OZDEMIR ISMAIL: Resigned as Director

23-10-2023 MARBOUH ZAKARIAE: Resigned as Director

Location & real-estate footprint

Registered office, Evere · 2 establishment units since 2020

establishment All 2 establishment units on the map

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.

Godfroid Kurthstraat 141140 Evere

Ground area