K&P VIRK
ActiveSummary
The computed 12-month bankruptcy probability of K&P VIRK is 3.8% (moderate). The annual accounts of K&P VIRK for fiscal year 2024 show a net loss of 64% of the equity at the start of that year. The 2024 annual accounts show equity of €1k and a net result of €-2k. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 26043 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability15▼-45
Solvency28▼-9
Growth55▼-23
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.68 in 2023; short-term debt: 97.4% and cash: 0.5% of total assets), and 97.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-4.5%
Age of the figures
21 mo
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 26043 sector peers (2024).
NBB · sector comparisonPosition among 26043 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
58 d early
2022
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€190k▲ 26.7%
2023 · €150k
2023: €150k
2024: €190k▲ +26.7% vs 2023
2023 → 2024
EBIT margin
-0.7%▼ 1.9pp
2023 · 1.2%
2023: 1.2%
2024: -0.7%▼ -158% vs 2023
2023 → 2024
Net result
€-2k
2023 · €2k
2022: €-548
2023: €2k▲ +413% vs 2022highest in 3 years
2024: €-2k▼ -218% vs 2023lowest in 3 years
2022 → 2024
Working capital
€-11k▼ 45.1%
2023 · €-8k
2022: €-5khighest in 3 years
2023: €-8k▼ -50.3% vs 2022
2024: €-11k▼ -45.1% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€150k€190k▲ 26.7%
2023: €150k
2024: €190k▲ +26.7% vs 2023
Equity€1k-€3k▲ 118%€1k▼ 63.8%
2022: €1k
2023: €3k▲ +118% vs 2022highest in 3 years
2024: €1k▼ -63.8% vs 2023lowest in 3 years
Operating result€-548-€2k€-1k
2022: €-548
2023: €2k▲ +438% vs 2022highest in 3 years
2024: €-1k▼ -174% vs 2023lowest in 3 years
Net result€-548-€2k€-2k
2022: €-548
2023: €2k▲ +413% vs 2022highest in 3 years
2024: €-2k▼ -218% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45k
Fixed assets
€12k ▲ 12.8%
Current assets
€33k ▲ 108%
Equity and liabilities €45k
Equity
€1k ▼ 63.8%
Debt
€43k ▲ 87.6%
Debt's share of the balance-sheet total rises from 88.0% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-571▼
2023 · €2k
Cash flow
€-1k▼
2023 · €2k
Current ratio
0.75▲
2023 · 0.68
Quick ratio
0.50▼
2023 · 0.52
Debt to equity
37.96▲
2023 · 7.32
ROE
-176.3%▼
2023 · 54.1%
ROA
-4.5%▼
2023 · 6.5%
Interest coverage
-2.07▼
2023 · 16.41
Debt ≤ 1 year
€43k▲
2023 · €23k
Income taxes
€386
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 · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€26k€45k▲
Fixed assets21/28€11k€12k▲
Tangible fixed assets22/27€3k€3k▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€7k€9k▲
Current assets29/58€16k€33k▲
Stocks and contracts in progress3€4k€11k▲
Stocks30/36€4k€11k▲
Amounts receivable within one year40/41€159€21k▲
Trade receivables40€159€21k▲
Cash at bank and in hand54/58€12k€244▼
Equity and liabilities
Total equity and liabilities10/49€26k€45k▲
Equity10/15€3k€1k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€1k€-855▼
Amounts payable17/49€23k€43k▲
Amounts payable within one year42/48€23k€43k▲
Trade debts44€22k€43k▲
Suppliers440/4€22k€43k▲
Taxes, remuneration and social security45€1k€664▼
Taxes450/3€1k€664▼
Other amounts payable47/48-€177
Income statement
Code20232024
Turnover70€150k€190k▲
Goods, raw materials, services and sundry goods60/61€149k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€418€790▲
Other operating charges640/8€361€17▼
Gross operating margin9900€3k€-555▼
Operating profit (loss)9901€2k€-1k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€138€275▲
Recurring financial charges65€138€275▲
Profit (loss) for the period before taxes9903€2k€-2k▼
Income taxes67/77-€386
Profit (loss) for the period9904€2k€-2k▼
Profit (loss) for the period to be appropriated9905€2k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-855▼
Profit (loss) brought forward from the previous period14P€-548€1k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | - | €150k | €190k | ▲ 26.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €149k | €192k | ▲ 29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44 | €418 | €790 | ▲ 88.9% |
| Other operating charges640/8 | €300 | €361 | €17 | ▼ 95.4% |
| Gross operating margin9900 | €-204 | €3k | €-555 | ▼ 121% |
| Operating profit (loss)9901 | €-548 | €2k | €-1k | ▼ 174% |
| Financial income75/76B | €0 | - | €3 | - |
| Recurring financial income75 | €0 | - | €3 | - |
| Financial charges65/66B | €0 | €138 | €275 | ▲ 99.0% |
| Recurring financial charges65 | €0 | €138 | €275 | ▲ 99.0% |
| Profit (loss) for the period before taxes9903 | €-548 | €2k | €-2k | ▼ 195% |
| Income taxes67/77 | - | - | €386 | - |
| Profit (loss) for the period9904 | €-548 | €2k | €-2k | ▼ 218% |
| Profit (loss) for the period to be appropriated9905 | €-548 | €2k | €-2k | ▼ 218% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €15k | €26k | €45k | ▲ 69.4% |
| Fixed assets21/28 | €6k | €11k | €12k | ▲ 12.8% |
| Tangible fixed assets22/27 | €2k | €3k | €3k | ▼ 22.6% |
| Furniture and vehicles24 | €2k | €3k | €3k | ▼ 22.6% |
| Financial fixed assets28 | €5k | €7k | €9k | ▲ 30.0% |
| Current assets29/58 | €8k | €16k | €33k | ▲ 108% |
| Stocks and contracts in progress3 | €6k | €4k | €11k | ▲ 195% |
| Stocks30/36 | €6k | €4k | €11k | ▲ 195% |
| Amounts receivable within one year40/41 | €353 | €159 | €21k | ▲ 13,415% |
| Trade receivables40 | €353 | €159 | €21k | ▲ 13,415% |
| Cash at bank and in hand54/58 | €2k | €12k | €244 | ▼ 97.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €15k | €26k | €45k | ▲ 69.4% |
| Equity10/15 | €1k | €3k | €1k | ▼ 63.8% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-548 | €1k | €-855 | ▼ 173% |
| Amounts payable17/49 | €13k | €23k | €43k | ▲ 87.6% |
| Amounts payable within one year42/48 | €13k | €23k | €43k | ▲ 87.6% |
| Trade debts44 | - | €22k | €43k | ▲ 95.9% |
| Suppliers440/4 | - | €22k | €43k | ▲ 95.9% |
| Taxes, remuneration and social security45 | €144 | €1k | €664 | ▼ 52.9% |
| Taxes450/3 | €144 | €1k | €664 | ▼ 52.9% |
| Other amounts payable47/48 | €13k | - | €177 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-548 | €2k | €-2k | ▼ 218% |
| + Depreciation and write-downs630 | €44 | €418 | €790 | ▲ 88.9% |
| Operating cash flow (approximation) | €-504 | €2k | €-1k | ▼ 158% |
| Investment in fixed assets (approximation) | - | €-5k | €-2k | ▲ 53.5% |
| Change in cash | - | €9k | €-12k | ▼ 224% |
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
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kapelle-op-den-Bos · 2 establishment units since 2022
Ground area
2,217 m²
Building footprint
606 m²
Volume, LiDAR
4,252 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
PUNJAB
since 20222.332.035.002
K&P VIRK 2
since 20262.390.360.310
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007B0857/00S000 | Flanders | 1,906 m² | 1 · 322 m² | 11.8 m · 3 fl. |
| 23039A0208/00W002 | Flanders | 310 m² | 1 · 284 m² | 11.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBornem2.390.360.310
Kapelle-op-den-Bos2.332.035.002
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 898 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
Founded03-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.