K + S SERVICES
Bankruptcy closedInactive since 30-05-2026; last annual accounts for fiscal year 2021.
Summary
K + S SERVICES was declared bankrupt on 05-06-2025 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 26-05-2026, published in the Belgian State Gazette on 01-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-07-2022, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d early
2020
53 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 40 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2021, abbreviated schema
Equity
-€467,302▲ 1.7%
2020 · -€475,470
Total assets
€196,361▼ 12.3%
2020 · €223,994
Net result
€8,169▼ 59.2%
2020 · €20,035
Working capital
-€470,848▲ 2.6%
2020 · -€483,273
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€72,095--€61,881▲ 14.2%€20,527€8,535▼ 58.4%
Net result-€72,793--€64,378▲ 11.6%€20,035€8,169▼ 59.2%
Equity-€431,126--€495,505▼ 14.9%-€475,470▲ 4.0%-€467,302▲ 1.7%
Total assets€255,439-€237,981▼ 6.8%€223,994▼ 5.9%€196,361▼ 12.3%
Debt€686,565-€733,486▲ 6.8%€699,464▼ 4.6%€663,663▼ 5.1%
Working capital-€431,126--€495,505▼ 14.9%-€483,273▲ 2.5%-€470,848▲ 2.6%
Staff (FTE)3.8-2.6▼ 31.6%1.8▼ 30.8%1.8=
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 falls in 2021; 2021 is 58% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €196,361
Fixed assets
€3,547 ▼ 54.5%
Current assets
€192,815 ▼ 10.8%
Key figures and ratios
EBITDA
€12,791▼
2020 · €21,236
Cash flow
€12,425▼
2020 · €20,744
Solvency
-238.0%▼
2020 · -212.3%
Current ratio
0.29▼
2020 · 0.31
Debt to equity
-1.42
ROA
4.2%▼
2020 · 8.9%
Interest coverage
43.66
Debt ≤ 1 year
€663,663▼
2020 · €699,464
Income taxes
€93▼
2020 · €96
Staff costs
€120,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €120,538 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €709 | €4,256 | ▲ 500% |
| Other operating charges640/8 | - | - | - | €1,090 | - |
| Gross operating margin9900 | €168,116 | €126,822 | €118,815 | €134,419 | ▲ 13.1% |
| Operating profit (loss)9901 | -€72,095 | -€61,881 | €20,527 | €8,535 | ▼ 58.4% |
| Financial income75/76B | - | - | - | €20 | - |
| Recurring financial income75 | €108 | - | - | €20 | - |
| Financial charges65/66B | - | - | - | €293 | - |
| Recurring financial charges65 | €514 | €2,374 | €395 | €293 | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | -€72,501 | -€64,255 | €20,131 | €8,262 | ▼ 59.0% |
| Income taxes67/77 | €292 | €123 | €96 | €93 | ▼ 3.3% |
| Profit (loss) for the period9904 | -€72,793 | -€64,378 | €20,035 | €8,169 | ▼ 59.2% |
| Profit (loss) for the period to be appropriated9905 | -€72,793 | -€64,378 | €20,035 | €8,169 | ▼ 59.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €255,439 | €237,981 | €223,994 | €196,361 | ▼ 12.3% |
| Fixed assets21/28 | - | - | €7,803 | €3,547 | ▼ 54.5% |
| Tangible fixed assets22/27 | - | - | €7,803 | €3,547 | ▼ 54.5% |
| Furniture and vehicles24 | - | - | - | €3,547 | - |
| Current assets29/58 | €255,439 | €237,981 | €216,191 | €192,815 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €255,289 | €222,299 | €197,392 | €150,584 | ▼ 23.7% |
| Trade receivables40 | - | - | - | €131,194 | - |
| Other amounts receivable41 | - | - | - | €19,390 | - |
| Cash at bank and in hand54/58 | €150 | €15,682 | €18,799 | €41,343 | ▲ 120% |
| Deferred charges and accrued income490/1 | - | - | - | €888 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €255,439 | €237,981 | €223,994 | €196,361 | ▼ 12.3% |
| Equity10/15 | -€431,126 | -€495,505 | -€475,470 | -€467,302 | ▲ 1.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Profit (loss) carried forward14 | -€449,726 | -€514,105 | -€494,070 | -€485,902 | ▲ 1.7% |
| Amounts payable17/49 | €686,565 | €733,486 | €699,464 | €663,663 | ▼ 5.1% |
| Amounts payable within one year42/48 | €686,565 | €733,486 | €699,464 | €663,663 | ▼ 5.1% |
| Trade debts44 | €45,948 | €27,300 | €2,834 | €15,830 | ▲ 459% |
| Suppliers440/4 | - | - | - | €15,830 | - |
| Taxes, remuneration and social security45 | - | - | - | €15,914 | - |
| Taxes450/3 | - | - | - | €3,119 | - |
| Remuneration and social security454/9 | - | - | - | €12,795 | - |
| Other amounts payable47/48 | - | - | - | €631,919 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,793 | -€64,378 | €20,035 | €8,169 | ▼ 59.2% |
| + Depreciation and write-downs630 | - | - | €709 | €4,256 | ▲ 500% |
| Operating cash flow (approximation) | -€72,793 | -€64,378 | €20,744 | €12,425 | ▼ 40.1% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €15,532 | €3,117 | €22,544 | ▲ 623% |
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
2026
01-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 26-05-2026
2025
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 05-06-2025
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €20,035
Net result €20,035 after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
29-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
31-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 153 days late
SignalFinancial 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, Sint-Truiden
Ground area
9,514 m²
Building footprint
7,320 m²
Volume, LiDAR
60,608 m³
Parcel 71009A0061/00D000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009A0061/00D000 | Flanders | 9,514 m² | 1 · 7,320 m² | 10.1 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DANIEL LIBENS BEEKSTRAAT 26, 3800 SINT-TRUIDEN- |
05-06-2025 → 26-05-2026 |
| Curator | ANDRE BYVOET ST.-TRUIDER-
STEENWEG 547, 3500 HASSELT |
05-06-2025 → 26-05-2026 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-09-2002
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.