Financials
- Fiscal year
- 2025
- Total assets
- €91,021
- Loss
- -€14,805
- Solvency
- 9.9%
Total assets▼ 23.4%
Net result
20182025
K plus M
ActiveSummary
The annual accounts of K plus M for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €8,987 and a net result of -€14,805. Equity is shrinking by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 2353 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Activities of building architects
NACE 71111Photography, excluding press photography NACE 74201
Size
€91,021total assets 2025
- Equity
- €8,987
- Loss
- -€14,805
Structure
Accounts filed 29 d late0 of 1 deed read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €14,805 (FY 2025)- Equity €8,987 (9.9% of total assets)+ Size: total assets €91,021+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 9% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
35-10
equity 9.9% of total assets
Liquidity
25-31
short-term debt 90.1% · cash 19.7%
Profitability
0-80
return on assets -16.3%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%▼ -1.4% vs 11-2024
01-2025: 0.2%▼ -0.9% vs 12-2024
02-2025: 0.2%● 0.0% vs 01-2025
03-2025: 0.2%● 0.0% vs 02-2025
04-2025: 0.2%▼ -4.1% vs 03-2025
05-2025: 0.2%▲ +3.4% vs 04-2025
06-2025: 0.2%▼ -3.3% vs 05-2025
07-2025: 0.3%▲ +60.6% vs 06-2025
08-2025: 0.5%▲ +49.4% vs 07-2025
09-2025: 0.6%▲ +13.8% vs 08-2025highest value
10-2025: < 0.1%▼ -91.5% vs 09-2025
11-2025: < 0.1%● 0.0% vs 10-2025
12-2025: < 0.1%● 0.0% vs 11-2025
01-2026: < 0.1%▼ -4.2% vs 12-2025
02-2026: < 0.1%● 0.0% vs 01-2026
03-2026: < 0.1%● 0.0% vs 02-2026
04-2026: < 0.1%▼ -2.2% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%▲ +4.4% vs 05-2026
07-2026: 0.1%▲ +17.0% vs 06-2026
08-2026: 0.1%▲ +127% vs 07-2026
09-2026: 0.4%▲ +202% vs 08-2026
10-2026: 0.4%● 0.0% vs 09-2026
- Size: total assets €91,021 lowers the probability for this profile
- Loss of €14,805 (FY 2025) raises the probability
- Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
- Equity €8,987 (9.9% of total assets) raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.58 against 0.99 in 2024; short-term debt: 90.1% and cash: 19.7% of total assets), and 90.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 15%, liquidity 10%, profitability 4%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2353 sector peers (2025).
NBB · sector comparisonPosition among 2353 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
27 d late
2023
3 d late
2022
on the day
2021
31 d late
2020
23 d early
2019
23 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 6 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% 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 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €10,535 ▲34.3%
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 29-08-2026Annual accounts filed
- 27-08-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Legal form
- Private limited company
- Activity
- Activities of building architectsNACE 71111
- Founded
- 07-05-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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