K - TEC
ActiveSummary
K - TEC has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €342,571 and a net result of €7,122. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency68▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.6 in 2024; short-term debt: 51.4% and cash: 3.6% of total assets), and 56.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.1%
Return on assets
0.9%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 27-02-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
on the day
2021
4 d late
2020
1 d late
2019
29 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 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close27-09-2026 today28-02-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Equity
€342,571▲ 2.1%
2024 · €335,448
Total assets
€794,530▼ 20.6%
2024 · €1.0m
Net result
€7,122▼ 80.2%
2024 · €35,955
Working capital
€151,899▼ 58.3%
2024 · €364,627
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€39,218€15,023▼ 61.7%€39,553▲ 163%€43,669▲ 10.4%€32,212▼ 26.2%
Net result€34,605within the sector's middle half▲ 697%€19,360within the sector's middle half▼ 44.1%€45,649within the sector's middle half▲ 136%€35,955within the sector's middle half▼ 21.2%€7,122within the sector's middle half▼ 80.2%
Equity€234,485within the sector's middle half▲ 17.3%€253,844within the sector's middle half▲ 8.3%€299,493within the sector's middle half▲ 18.0%€335,448within the sector's middle half▲ 12.0%€342,571within the sector's middle half▲ 2.1%
Total assets€717,870within the sector's middle half▼ 13.4%€809,863within the sector's middle half▲ 12.8%€799,694within the sector's middle half▼ 1.3%€1.0mwithin the sector's middle half▲ 25.2%€794,530within the sector's middle half▼ 20.6%
Debt€295,831▼ 21.7%€372,336▲ 25.9%€489,228▲ 31.4%€656,972▲ 34.3%€445,934▼ 32.1%
Working capital€289,697▼ 5.4%€324,265▲ 11.9%€263,770▼ 18.7%€364,627▲ 38.2%€151,899▼ 58.3%
Solvency32.7%within the sector's middle half▲ 8.6pp31.3%within the sector's middle half▼ 1.3pp37.5%within the sector's middle half▲ 6.1pp33.5%within the sector's middle half▼ 3.9pp43.1%within the sector's middle half▲ 9.6pp
Staff (FTE)6.1within the sector's middle half▼ 15.3%6.5within the sector's middle half▲ 6.6%3.6within the sector's middle half▼ 44.6%3.6within the sector's middle half=3within the sector's middle half▼ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €794,530
Fixed assets
€234,637 ▲ 606%
Current assets
€559,892 ▼ 42.1%
Equity and liabilities €794,530
Equity
€342,571 ▲ 2.1%
Provisions
€6,025 ▼ 29.1%
Debt
€445,934 ▼ 32.1%
Debt's share of the balance-sheet total falls from 65.6% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57,520▼
2024 · €64,279
Cash flow
€32,430▼
2024 · €56,565
Current ratio
1.37▼
2024 · 1.60
Quick ratio
1.28▼
2024 · 1.51
Debt to equity
1.30▼
2024 · 1.96
ROE
2.1%▼
2024 · 10.7%
ROA
0.9%▼
2024 · 3.6%
Interest coverage
7.86▼
2024 · 27.31
Debt ≤ 1 year
€407,993▼
2024 · €603,057
Debt > 1 year
€28,896▼
2024 · €47,813
Income taxes
€24,073▲
2024 · €21,569
Staff costs
€188,375▼
2024 · €211,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,865 | - | €135,462 | - |
| Remuneration, social security and pensions62 | - | €261,752 | €207,418 | €211,723 | €188,375 | ▼ 11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,204 | €29,263 | €23,107 | €20,610 | €25,308 | ▲ 22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €23,980 | €35,177 | -€59,244 | €3,753 | ▲ 106% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€170,235 | - | - | - |
| Other operating charges640/8 | - | €2,465 | €28,917 | €1,189 | €66,450 | ▲ 5,489% |
| Gross operating margin9900 | €270,328 | €332,483 | €163,936 | €217,947 | €316,097 | ▲ 45.0% |
| Operating profit (loss)9901 | €39,218 | €15,023 | €39,553 | €43,669 | €32,212 | ▼ 26.2% |
| Financial income75/76B | - | €5,842 | €40,521 | €13,735 | €3,827 | ▼ 72.1% |
| Recurring financial income75 | €11,203 | €5,842 | €40,521 | €13,735 | €3,827 | ▼ 72.1% |
| Financial charges65/66B | - | €1,440 | €1,850 | €2,354 | €7,318 | ▲ 211% |
| Recurring financial charges65 | €3,065 | €1,440 | €1,850 | €2,354 | €7,318 | ▲ 211% |
| Profit (loss) for the period before taxes9903 | €47,355 | €19,426 | €78,224 | €55,050 | €28,721 | ▼ 47.8% |
| Transfer from deferred taxes780 | - | €3,872 | €2,474 | €2,474 | €2,474 | = |
| Income taxes67/77 | €16,623 | €3,938 | €35,050 | €21,569 | €24,073 | ▲ 11.6% |
| Profit (loss) for the period9904 | €34,605 | €19,360 | €45,649 | €35,955 | €7,122 | ▼ 80.2% |
| Transfer from tax-exempt reserves789 | - | €7,861 | €5,023 | €5,023 | €5,023 | = |
| Profit (loss) for the period to be appropriated9905 | €42,466 | €27,221 | €50,672 | €40,979 | €12,146 | ▼ 70.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €717,870 | €809,863 | €799,694 | €1.0m | €794,530 | ▼ 20.6% |
| Fixed assets21/28 | €147,226 | €120,109 | €52,845 | €33,234 | €234,637 | ▲ 606% |
| Tangible fixed assets22/27 | €146,978 | €119,861 | €52,597 | €32,986 | €84,389 | ▲ 156% |
| Plant, machinery and equipment23 | - | €971 | €1,474 | €1,066 | €1,039 | ▼ 2.5% |
| Furniture and vehicles24 | - | €22,252 | €12,119 | €3,090 | €64,694 | ▲ 1,994% |
| Other tangible fixed assets26 | - | €96,638 | €39,004 | €28,830 | €18,657 | ▼ 35.3% |
| Financial fixed assets28 | €248 | €248 | €248 | €248 | €150,248 | ▲ 60,484% |
| Current assets29/58 | €570,645 | €689,753 | €746,849 | €967,685 | €559,892 | ▼ 42.1% |
| Stocks and contracts in progress3 | €48,674 | €54,890 | €58,320 | €58,137 | €38,536 | ▼ 33.7% |
| Stocks30/36 | - | €54,890 | €58,320 | €58,137 | €38,536 | ▼ 33.7% |
| Amounts receivable within one year40/41 | €415,045 | €604,035 | €638,841 | €874,182 | €489,756 | ▼ 44.0% |
| Trade receivables40 | - | €522,936 | €588,874 | €765,779 | €475,448 | ▼ 37.9% |
| Other amounts receivable41 | - | €81,099 | €49,968 | €108,402 | €14,308 | ▼ 86.8% |
| Cash at bank and in hand54/58 | €99,810 | €25,469 | €45,738 | €25,083 | €28,649 | ▲ 14.2% |
| Deferred charges and accrued income490/1 | - | €5,360 | €3,949 | €10,282 | €2,952 | ▼ 71.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €717,870 | €809,863 | €799,694 | €1.0m | €794,530 | ▼ 20.6% |
| Equity10/15 | €234,485 | €253,844 | €299,493 | €335,448 | €342,571 | ▲ 2.1% |
| Contributions10/11 | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €221,985 | €241,344 | €286,993 | €322,948 | €330,071 | ▲ 2.2% |
| Non-distributable reserves130/1 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Reserves not available under the articles1311 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Tax-exempt reserves132 | - | €27,302 | €22,279 | €17,256 | €12,232 | ▼ 29.1% |
| Distributable reserves133 | - | €212,167 | €262,839 | €303,818 | €315,964 | ▲ 4.0% |
| Provisions and deferred taxes16 | €187,555 | €183,683 | €10,973 | €8,499 | €6,025 | ▼ 29.1% |
| Provisions for liabilities and charges160/5 | - | €170,235 | - | - | - | - |
| Other liabilities and charges164/5 | - | €170,235 | - | - | - | - |
| Deferred taxes168 | - | €13,447 | €10,973 | €8,499 | €6,025 | ▼ 29.1% |
| Amounts payable17/49 | €295,831 | €372,336 | €489,228 | €656,972 | €445,934 | ▼ 32.1% |
| Amounts payable after more than one year17 | €10,183 | €1,470 | - | €47,813 | €28,896 | ▼ 39.6% |
| Financial debts170/4 | - | €1,470 | - | €47,813 | €28,896 | ▼ 39.6% |
| Amounts payable within one year42/48 | €280,948 | €365,488 | €483,079 | €603,057 | €407,993 | ▼ 32.3% |
| Current portion of amounts payable after more than one year42 | - | €8,712 | €1,470 | €18,145 | €18,917 | ▲ 4.3% |
| Financial debts43 | - | €11,269 | €15,081 | €15,102 | €7,539 | ▼ 50.1% |
| Credit institutions430/8 | - | €11,269 | €15,081 | €15,102 | €7,539 | ▼ 50.1% |
| Trade debts44 | €204,141 | €293,585 | €309,527 | €343,187 | €166,952 | ▼ 51.4% |
| Suppliers440/4 | - | €293,585 | €309,527 | €343,187 | €166,952 | ▼ 51.4% |
| Advances received on contracts in progress46 | - | - | €112,797 | €180,018 | €130,018 | ▼ 27.8% |
| Taxes, remuneration and social security45 | - | €18,537 | €20,632 | €30,201 | €19,586 | ▼ 35.1% |
| Taxes450/3 | - | €1,045 | €6,171 | €8,982 | €3,351 | ▼ 62.7% |
| Remuneration and social security454/9 | - | €17,491 | €14,461 | €21,219 | €16,235 | ▼ 23.5% |
| Other amounts payable47/48 | - | €33,385 | €23,572 | €16,405 | €64,981 | ▲ 296% |
| Accrued charges and deferred income492/3 | - | €5,378 | €6,149 | €6,101 | €9,045 | ▲ 48.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,605 | €19,360 | €45,649 | €35,955 | €7,122 | ▼ 80.2% |
| + Depreciation and write-downs630 | €32,204 | €29,263 | €23,107 | €20,610 | €25,308 | ▲ 22.8% |
| Operating cash flow (approximation) | €66,809 | €48,623 | €68,756 | €56,565 | €32,430 | ▼ 42.7% |
| Investment in fixed assets (approximation) | - | -€2,147 | €44,157 | -€999 | -€226,711 | ▼ 22,594% |
| Change in cash | - | -€74,342 | €20,270 | -€20,655 | €3,566 | ▲ 117% |
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
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
Financial
Highest result since 2019net €45,649 ▲136%
Net result €45,649, the highest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-07
Financial
Equity above €200,000Eq €234,485 ▲17.3%
3 profitable years in a row build equity to €234,485.
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
31-07
Financial
Weakest financial yearnet €4,341 ▼88.3%
Net result drops to €4,341, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 1998
Ground area
1,380 m²
Building footprint
102 m²
Volume, LiDAR
413 m³
Parcel 44082A0468/00V000, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Ecotec - Solarelectric
since 19982.085.752.693
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082A0468/00V000 | Flanders | 1,380 m² | 1 · 102 m² | 5.4 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-07-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 31-07-2025 of K - TEC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 276 EUR awarded · 276 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 276 EUR | 276 EUR |
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 4,431 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
Founded13-01-1998
Fiscal year end31-07
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462420477
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.