K2
ActiveSummary
K2 has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2.22M) and a net result of €169k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 5% of 187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+65
Solvency0=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.43 in 2024; short-term debt: 175.6% and cash: 11.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-75.9%
Return on assets
5.8%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 187 sector peers (2025).
NBB · sector comparisonPosition among 187 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
28 d late
2020
17 d late
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€169k
2024 · €-247k
2018: €-225k
2019: €75k▲ +133% vs 2018
2020: €111k▲ +47.2% vs 2019
2021: €-186k▼ -267% vs 2020
2022: €-224k▼ -20.7% vs 2021
2023: €350k▲ +256% vs 2022highest in 8 years
2024: €-247k▼ -171% vs 2023lowest in 8 years
2025: €169k▲ +168% vs 2024
2018 → 2025
Working capital
€-3.37M▲ 4.0%
2024 · €-3.51M
2018: €-3.39M
2019: €-3.30M▲ +2.8% vs 2018
2020: €-3.17M▲ +3.9% vs 2019highest in 8 years
2021: €-3.36M▼ -6.0% vs 2020
2022: €-3.59M▼ -6.9% vs 2021lowest in 8 years
2023: €-3.24M▲ +9.8% vs 2022
2024: €-3.51M▼ -8.3% vs 2023
2025: €-3.37M▲ +4.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2.27M-€-2.49M▼ 9.9%€-2.14M▲ 14.1%€-2.39M▼ 11.6%€-2.22M▲ 7.1%
2021: €-2.27M
2022: €-2.49M▼ -9.9% vs 2021lowest in 5 years
2023: €-2.14M▲ +14.1% vs 2022highest in 5 years
2024: €-2.39M▼ -11.6% vs 2023
2025: €-2.22M▲ +7.1% vs 2024
Operating result€-172k-€-221k▼ 28.8%€308k€-298k€201k
2021: €-172k
2022: €-221k▼ -28.8% vs 2021
2023: €308k▲ +239% vs 2022highest in 5 years
2024: €-298k▼ -197% vs 2023lowest in 5 years
2025: €201k▲ +167% vs 2024
Net result€-186k-€-224k▼ 20.7%€350k€-247k€169k
2021: €-186k
2022: €-224k▼ -20.7% vs 2021
2023: €350k▲ +256% vs 2022highest in 5 years
2024: €-247k▼ -171% vs 2023lowest in 5 years
2025: €169k▲ +168% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €201k after a loss of €298k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.92M
Fixed assets
€1.16M ▲ 2.0%
Current assets
€1.76M ▼ 34.0%
Key figures and ratios
EBITDA
€216k▲
2024 · €-291k
Cash flow
€183k▲
2024 · €-240k
Solvency
-75.9%▼
2024 · -62.6%
Current ratio
0.34▼
2024 · 0.43
Debt to equity
-2.32▲
2024 · -2.60
ROA
5.8%▲
2024 · -6.5%
Interest coverage
47.98▲
2024 · -80.23
Debt
€5.14M▼
2024 · €6.20M
Debt ≤ 1 year
€5.13M▼
2024 · €6.18M
Staff costs
€19▼
2024 · €253
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.81M€2.92M▼
Fixed assets21/28€1.14M€1.16M▲
Tangible fixed assets22/27€49k€131k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€57k▲
Other tangible fixed assets26€35k€73k▲
Financial fixed assets28€1.09M€1.03M▼
Current assets29/58€2.67M€1.76M▼
Amounts receivable within one year40/41€2.32M€1.42M▼
Trade receivables40€131k€118k▼
Other amounts receivable41€2.19M€1.30M▼
Current investments50/53€42k€14k▼
Cash at bank and in hand54/58€300k€325k▲
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€3.81M€2.92M▼
Equity10/15€-2.39M€-2.22M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€25k€25k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€-2.47M€-2.31M▲
Amounts payable17/49€6.20M€5.14M▼
Amounts payable within one year42/48€6.18M€5.13M▼
Trade debts44€310k€544k▲
Suppliers440/4€310k€544k▲
Other amounts payable47/48€5.87M€4.59M▼
Accrued charges and deferred income492/3€14k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€253€19▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€15k▲
Other operating charges640/8€18k€38k▲
Non-recurring operating charges66A€91k€542▼
Gross operating margin9900€-182k€254k▲
Operating profit (loss)9901€-298k€201k▲
Financial income75/76B€55k-
Recurring financial income75€55k-
Financial charges65/66B€4k€33k▲
Recurring financial charges65€4k€4k▲
Non-recurring financial charges66B-€28k
Profit (loss) for the period before taxes9903€-247k€169k▲
Income taxes67/77€719-
Profit (loss) for the period9904€-247k€169k▲
Profit (loss) for the period to be appropriated9905€-247k€169k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.47M€-2.31M▲
Profit (loss) brought forward from the previous period14P€-2.23M€-2.47M▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €280 | - | - | - |
| Remuneration, social security and pensions62 | €15k | €-5k | €7k | €253 | €19 | ▼ 92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €6k | €7k | €15k | ▲ 103% |
| Other operating charges640/8 | €7k | €7k | €12k | €18k | €38k | ▲ 113% |
| Non-recurring operating charges66A | - | €4k | - | €91k | €542 | ▼ 99.4% |
| Gross operating margin9900 | €-143k | €-208k | €333k | €-182k | €254k | ▲ 240% |
| Operating profit (loss)9901 | €-172k | €-221k | €308k | €-298k | €201k | ▲ 167% |
| Financial income75/76B | €44k | €0 | €46k | €55k | - | - |
| Recurring financial income75 | €44k | €0 | €46k | €55k | - | - |
| Financial charges65/66B | €58k | €3k | €5k | €4k | €33k | ▲ 801% |
| Recurring financial charges65 | €58k | €3k | €5k | €4k | €4k | ▲ 24.0% |
| Non-recurring financial charges66B | - | - | - | - | €28k | - |
| Profit (loss) for the period before taxes9903 | €-186k | €-224k | €350k | €-247k | €169k | ▲ 168% |
| Income taxes67/77 | - | - | - | €719 | - | - |
| Profit (loss) for the period9904 | €-186k | €-224k | €350k | €-247k | €169k | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | €-186k | €-224k | €350k | €-247k | €169k | ▲ 168% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.77M | €2.67M | €3.32M | €3.81M | €2.92M | ▼ 23.3% |
| Fixed assets21/28 | €1.09M | €1.10M | €1.10M | €1.14M | €1.16M | ▲ 2.0% |
| Tangible fixed assets22/27 | €5k | €12k | €11k | €49k | €131k | ▲ 171% |
| Plant, machinery and equipment23 | €684 | €397 | €110 | €3k | €2k | ▼ 31.0% |
| Furniture and vehicles24 | €5k | €12k | €11k | €11k | €57k | ▲ 399% |
| Other tangible fixed assets26 | - | - | - | €35k | €73k | ▲ 111% |
| Financial fixed assets28 | €1.09M | €1.09M | €1.09M | €1.09M | €1.03M | ▼ 5.5% |
| Current assets29/58 | €1.67M | €1.57M | €2.22M | €2.67M | €1.76M | ▼ 34.0% |
| Amounts receivable within one year40/41 | €1.22M | €1.03M | €1.77M | €2.32M | €1.42M | ▼ 38.9% |
| Trade receivables40 | €72k | €171k | €489k | €131k | €118k | ▼ 10.4% |
| Other amounts receivable41 | €1.15M | €860k | €1.28M | €2.19M | €1.30M | ▼ 40.6% |
| Current investments50/53 | €145k | €145k | €145k | €42k | €14k | ▼ 66.5% |
| Cash at bank and in hand54/58 | €303k | €391k | €301k | €300k | €325k | ▲ 8.4% |
| Deferred charges and accrued income490/1 | €3k | €4k | €7k | €7k | €4k | ▼ 34.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.77M | €2.67M | €3.32M | €3.81M | €2.92M | ▼ 23.3% |
| Equity10/15 | €-2.27M | €-2.49M | €-2.14M | €-2.39M | €-2.22M | ▲ 7.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €25k | €25k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-2.35M | €-2.58M | €-2.23M | €-2.47M | €-2.31M | ▲ 6.8% |
| Amounts payable17/49 | €5.03M | €5.16M | €5.46M | €6.20M | €5.14M | ▼ 17.0% |
| Amounts payable within one year42/48 | €5.03M | €5.16M | €5.46M | €6.18M | €5.13M | ▼ 17.0% |
| Trade debts44 | €94k | €187k | €157k | €310k | €544k | ▲ 75.8% |
| Suppliers440/4 | €94k | €187k | €157k | €310k | €544k | ▲ 75.8% |
| Taxes, remuneration and social security45 | - | €13k | - | - | - | - |
| Taxes450/3 | - | €13k | - | - | - | - |
| Other amounts payable47/48 | €4.94M | €4.96M | €5.30M | €5.87M | €4.59M | ▼ 21.9% |
| Accrued charges and deferred income492/3 | - | - | - | €14k | €8k | ▼ 42.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-186k | €-224k | €350k | €-247k | €169k | ▲ 168% |
| + Depreciation and write-downs630 | €6k | €7k | €6k | €7k | €15k | ▲ 103% |
| Operating cash flow (approximation) | €-179k | €-217k | €355k | €-240k | €183k | ▲ 176% |
| Investment in fixed assets (approximation) | - | €-13k | €-5k | €-44k | €-37k | ▲ 15.4% |
| Change in cash | - | €88k | €-89k | €-1k | €25k | ▲ 2,045% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Back to profitnet €169k
Net result €169k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-247k
Net result drops to €-247k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €350k
Net result €350k after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 25 days late
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Elsene · 1 establishment unit since 1990
Ground area
454 m²
Building footprint
445 m²
Volume, LiDAR
9,506 m³
Parcel 21443A0271/00A002, Brussels · tallest building 36.4 m, ±11 floors. Linked by address, not a title deed.
92
companies at this address
See who is registered here
1 establishment unit
K2 SA
since 19902.049.899.713
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0271/00A002 | Brussels | 454 m² | 1 · 445 m² | 36.4 m · 11 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600N1IS0A3N9AP176
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,321 companies in sector 59111 we hold annual accounts for 688. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-10-1990
Fiscal year end30-09
Activities, NACEBEL 2025
59111Production of cinema films
Scores and ratios are computed by Checked and are not a credit decision.