K-VOLUTION (0828.165.115): annual accounts, directors and company register

K-VOLUTION

Auderghem ·KBO/BCE: BE 0828.165.115

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%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company	Total assets	Gross margin	Solvency	Staff
K-VOLUTION Auderghem	€353,691	€225,041	62.3%	-
IMMOBILIERE RENIER Anderlecht	€423,339	€183,022	5.4%	-
TRIANON INVEST Uccle	€435,711	€257,274	49.3%	-
ELENAIMMO BUSINESS Charleroi	€349,631	€248,073	68.3%	-
AENDEKERK IMMOBILIËN Kinrooi	€309,204	€214,510	67.7%	-
Bureau de Courtage CARLIER-QUOILIN Spa	€374,300	€195,231	59.9%	-
OBTENTIO EUROPE Waterloo	€312,963	€261,351	93.3%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Balance sheet: assets
Total assets`20/58`	353,691	644,272	641,455	659,124	713,154	785,454	699,811	439,477	532,857	384,054	385,145	330,856	369,234	364,899	383,404
Fixed assets`21/28`	3,077	399,612	434,678	458,181	466,258	685,788	568,835	248,194	501,056	260,357	270,928	262,700	269,578	281,469	306,355
Tangible fixed assets`22/27`	2,903	399,437	434,503	458,006	466,084	685,614	568,598	247,957	500,820	260,120	270,754	262,526	269,578	281,469	306,355
Land and buildings`22`	2,903	397,263	428,536	452,642	460,276	676,131	559,236	234,714	498,352	256,563	266,888	259,006	268,792	277,643	302,827
Furniture and vehicles`24`	0	2,174	5,967	5,365	5,808	9,482	9,362	13,244	2,467	3,558	3,866	3,520	786	3,826	3,528
Financial fixed assets`28`	174	174	174	174	174	174	236	236	236	236	174	174	-	-	-
Current assets`29/58`	350,614	244,660	206,777	200,944	246,896	99,666	130,976	191,284	31,801	123,697	114,217	68,155	99,656	83,430	77,049
Amounts receivable after more than one year`29`	118,000	118,000	118,000	118,000	72,000	39,000	-	-	-	-	-	-	-	-	-
Trade receivables`290`	118,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	118,000	118,000	118,000	72,000	39,000	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	110,483	126,660	84,483	47,311	170,120	57,231	122,785	18,718	29,869	121,587	96,496	56,392	83,118	75,162	76,900
Trade receivables`40`	-	21,797	6,655	1,620	594	13,990	57,001	368	22,094	4,696	8,479	2,531	376	-	2,695
Other amounts receivable`41`	110,483	104,863	77,828	45,691	169,526	43,241	65,784	18,350	7,776	116,892	88,017	53,861	82,742	75,162	74,205
Current investments`50/53`	122,131	0	3,299	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	-	-	-	34,103	4,382	3,435	7,285	171,799	1,377	1,560	17,721	11,764	14,792	6,966	149
Deferred charges and accrued income`490/1`	-	-	995	1,530	394	-	906	766	554	550	-	-	1,746	1,302	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	353,691	644,272	641,455	659,124	713,154	785,454	699,811	439,477	532,857	384,054	385,145	330,856	369,234	364,899	383,404
Equity`10/15`	220,415	107,264	173,061	167,852	218,013	129,111	180,818	161,140	72,799	78,143	77,985	46,544	75,505	59,111	75,505
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	75,000	75,000	75,000
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	75,000	75,000	75,000
Reserves`13`	116,077	116,077	180,222	199,413	199,413	159,886	162,218	158,384	54,199	59,543	59,385	27,944	505	505	505
Non-distributable reserves`130/1`	1,860	1,860	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	505	505	505
Reserves not available under the articles`1311`	1,860	1,860	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	0	64,145	83,336	83,336	151,860	154,192	156,524	50	50	50	50	-	-	-
Distributable reserves`133`	114,217	114,217	116,077	114,217	114,217	6,166	6,166	-	52,289	57,633	57,475	26,034	-	-	-
Profit (loss) carried forward`14`	85,739	-27,413	-25,761	-50,161	-	-49,374	-	-15,845	-	-	-	-	-	-16,394	-
Provisions and deferred taxes`16`	-	-	21,382	27,779	27,779	64,172	64,950	65,727	-	-	-	-	-	-	-
Deferred taxes`168`	-	-	21,382	27,779	27,779	64,172	64,950	65,727	-	-	-	-	-	-	-
Amounts payable`17/49`	133,276	537,007	447,012	463,493	467,362	592,171	454,043	212,610	460,058	305,912	307,161	284,311	293,730	305,789	307,899
Amounts payable after more than one year`17`	-	332,235	352,096	371,450	390,309	390,891	373,443	123,450	337,733	215,165	236,533	229,765	244,346	265,784	242,243
Financial debts`170/4`	-	332,235	352,096	371,450	390,309	390,891	373,443	123,450	337,733	215,165	236,533	229,765	244,346	265,784	242,243
Amounts payable within one year`42/48`	130,181	200,977	92,521	89,649	74,658	197,039	78,522	87,663	119,113	89,031	68,911	52,829	49,384	38,285	63,772
Current portion of amounts payable after more than one year`42`	-	19,861	19,354	18,859	18,378	133,384	19,637	14,878	30,293	21,368	20,866	14,580	21,438	21,038	57,163
Financial debts`43`	-	-	-	2,902	4,920	8,286	5,794	26	6,956	4,908	1,101	4,972	3,424	4,958	5,116
Credit institutions`430/8`	-	-	-	2,902	4,920	8,286	5,794	26	6,956	4,908	1,101	4,972	3,424	4,958	5,116
Trade debts`44`	19,853	38,170	5,146	11,617	3,289	24,547	51,792	5,306	16,749	710	5,816	9,088	4,407	1,990	-
Suppliers`440/4`	19,853	38,170	5,146	11,617	3,289	24,547	51,792	5,306	16,749	710	5,816	9,088	4,407	1,990	-
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	1,210	2,700	-	-	-	-
Taxes, remuneration and social security`45`	54,998	21,581	21,279	51,852	47,929	4,704	1,287	6,550	8,089	20,214	32,428	24,189	13,005	7,163	1,493
Taxes`450/3`	54,998	21,581	21,279	51,852	47,929	2,329	1,287	6,412	4,780	19,582	31,923	23,791	13,005	7,163	1,493
Remuneration and social security`454/9`	-	-	-	-	-	2,375	-	138	3,308	632	505	398	-	-	-
Other amounts payable`47/48`	55,329	121,366	46,742	4,419	142	26,119	13	60,904	57,027	40,622	6,000	-	7,109	3,136	-
Accrued charges and deferred income`492/3`	3,095	3,795	2,395	2,395	2,395	4,240	2,078	1,497	3,211	1,715	1,716	1,718	-	1,720	1,884
Income statement
Turnover`70`	69,440	150,522	162,958	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	5,001	-	-	-	-	-
Gross operating margin`9900`	225,041	57,667	92,060	17,882	147,701	7,512	106,927	232,796	69,481	39,182	89,976	70,973	56,239	27,131	32,296
Goods, raw materials, services and sundry goods`60/61`	136,023	117,031	88,077	-	-	-	-	-	-	-	-	-	-	-	-
Remuneration, social security and pensions`62`	30,940	66,960	45,999	22,970	10,279	7,425	10,221	10,326	28,740	14,524	12,138	3,262	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	21,818	32,785	32,698	32,493	29,433	32,858	67,778	16,389	25,146	14,571	13,643	11,627	10,660	31,938	30,508
Other operating charges`640/8`	3,238	13,041	2,368	4,418	2,865	7,993	3,280	5,064	4,147	2,889	1,110	1,528	1,431	1,628	810
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	1,059	-	-
Operating profit (loss)`9901`	169,046	-55,119	10,995	-41,999	105,124	-40,764	25,647	201,018	11,449	7,198	63,085	54,557	44,148	-6,436	977
Financial income`75/76B`	4,698	4,323	2,849	4,094	3,688	3,238	2,474	67	1,711	11,235	3,469	4,648	5,777	6,003	4,171
Recurring financial income`75`	4,698	4,323	2,849	4,094	3,688	3,238	2,474	67	1,711	6,234	3,469	4,648	5,777	6,003	4,171
Non-recurring financial income`76B`	-	-	-	-	-	-	-	-	-	5,001	-	-	-	-	-
Financial charges`65/66B`	16,640	23,373	13,257	12,128	13,911	14,744	8,353	46,841	18,503	17,231	14,974	15,694	18,155	15,961	3,526
Recurring financial charges`65`	16,640	23,373	13,257	12,128	13,911	14,744	8,353	46,841	18,503	17,231	14,974	15,694	18,155	15,961	3,526
Profit (loss) for the period before taxes`9903`	157,103	-74,169	588	-50,033	94,902	-52,271	19,768	154,245	-5,343	1,201	51,581	43,511	30,712	-16,393	1,623
Transfer from deferred taxes`780`	-	21,382	6,397	-	216,032	-	-	-	-	-	-	-	-	-	-
Transfer to deferred taxes`680`	-	-	-	-	111,115	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	43,952	13,009	1,776	128	42,393	213	868	177	-	1,043	14,141	16,072	4,839	1	1,118
Profit (loss) for the period`9904`	113,151	-65,797	5,209	-50,161	157,425	-51,706	22,010	-68,134	-5,343	158	37,440	27,390	25,873	-16,394	505
Transfer from tax-exempt reserves`789`	-	64,145	19,191	-	-	2,332	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	113,151	-1,652	24,400	-50,161	157,425	-49,374	22,010	-68,134	-5,343	158	37,440	27,390	25,873	-16,394	505
Appropriation of the result
Profit (loss) to be appropriated`9906`	85,739	-27,413	-25,761	-50,161	108,051	-49,374	6,166	-68,134	-5,343	158	37,440	27,390	9,479	-16,394	505
Profit (loss) brought forward from the previous period`14P`	-27,413	-25,761	-50,161	-	-49,374	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	52,289	5,343	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	108,051	-	6,166	-	-	158	31,440	27,390	-	-	505
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	1,355	-	-	505
To other reserves`6921`	-	-	-	-	108,051	-	6,166	-	-	158	31,440	26,034	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	6,000	-	9,479	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	9,479	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	6,000	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	0.5	0.2	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	650	266	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	24-09-2026	2026-00522157	PDF
31-12-2024	micro format	06-09-2025	2025-00485272	PDF
31-12-2023	micro format	11-09-2024	2024-00462491	PDF
31-12-2022	micro format	25-08-2023	2023-00372690	PDF
31-12-2021	micro format	27-10-2022	2022-20476836	PDF
31-12-2020	full format	28-09-2021	2021-68700282	PDF
31-12-2019	full format	30-10-2020	2020-66700292	PDF
31-12-2018	full format	04-07-2019	2019-28600413	PDF
31-12-2017	full format	30-07-2018	2018-39900057	PDF
31-12-2016	full format	31-08-2017	2017-57800535	PDF
31-12-2015	full format	29-09-2016	2016-62900064	PDF
31-12-2014	full format	31-08-2015	2015-52700527	PDF
31-12-2013	full format	20-06-2014	2014-19800344	PDF
31-12-2012	full format	22-08-2013	2013-45100440	PDF
31-12-2011	full format	30-08-2012	2012-51200352	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
EBITDA	190,863	-22,334	43,693	-9,506	134,557	-7,906	93,426	217,407	36,594	21,769	76,728	66,184	54,808	25,503	31,486
Cash flow	134,969	-33,012	37,907	-17,668	186,858	-18,849	89,789	-51,745	19,802	14,729	51,083	39,017	36,534	15,544	31,013
Investment in fixed assets (approximation)	-374,717	-2,281	9,195	24,416	28,788	149,873	388,420	22,003	288,392	4,951	21,871	4,750	935	7,053	336,863
Change in cash	-	-	-	29,721	947	-3,850	-164,514	170,422	-183	-16,161	5,957	-3,029	7,826	6,817	-
Working capital	220,433	43,683	114,256	111,295	172,238	-97,373	52,454	103,620	-87,313	34,666	45,306	15,327	50,272	45,145	13,277
EBIT margin	-	-36.6%	6.7%	-	-	-	-	-	-	-	-	-	-	-	-
Solvency	62.3%	16.6%	27.0%	25.5%	30.6%	16.4%	25.8%	36.7%	13.7%	20.3%	20.2%	14.1%	20.4%	16.2%	19.7%
Current ratio	2.69	1.22	2.23	2.24	3.31	0.51	1.67	2.18	0.27	1.39	1.66	1.29	2.02	2.18	1.21
Debt to equity	0.60	5.01	2.58	2.76	2.14	4.59	2.51	1.32	6.32	3.91	3.94	6.11	3.89	5.17	4.08
ROE	51.3%	-61.3%	3.0%	-29.9%	72.2%	-40.0%	12.2%	-42.3%	-7.3%	0.2%	48.0%	58.8%	34.3%	-27.7%	0.7%
ROA	32.0%	-10.2%	0.8%	-7.6%	22.1%	-6.6%	3.1%	-15.5%	-1.0%	0.0%	9.7%	8.3%	7.0%	-4.5%	0.1%
Interest coverage	11.47	-0.96	3.30	-0.78	9.67	-	-	-	-	-	-	-	-	-	-
Customer credit	581 days	53 days	15 days	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	53 days	119 days	21 days	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€9,195	€24,416	€28,788
Depreciation and write-downs of the year	€21,818	€32,785	€32,698	€32,493	€29,433

Société foncière du Bois d'Orange registered office since 16-09-2015 · founded in 2015	total assets €14.0m (2025) 0637.796.675
Laisnez, Suzanne (sole trader) establishment since 01-01-1962	founded in 1962 0559.105.723

Establishment	Since	Unit number
Hertogendal 334 registered office 1160 Auderghem
Charles Thielemanslaan 9 1150 Woluwe-Saint-Pierre	29-07-2010	2.190.936.228

Cadastral parcel	Area	Buildings	Height / floors
21019A0098/00B003	136 m²	1 · 97 m²	17.1 m · 4
21002A0121/00X004	43 m²	-	-

Overview

Lifetime

Key points

Equity

Payment terms

Liquidity

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on K-VOLUTION

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cash

Position in the sector

Solvency62.3%

Current ratio2.69

Return on assets32.0%

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on K-VOLUTION

Board & ownership

Board

Mandates through the years

Control

Capital

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the addresses

Environmental permits

Location

Parcels