K2 Architecten
ActiveSummary
K2 Architecten has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €611k and a net result of €103k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 76.64 against 11.93 in 2023; short-term debt: 1.3% and cash: 36% of total assets), and 1.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 2024Solvency, return and age of the figures
Solvency
98.6%
Return on assets
16.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 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
not confirmed
2024
4 d late
2023
35 d late
2022
17 d late
2021
34 d early
2020
37 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€611k▲ 6.1%
2023 · €576k
2018: €129klowest in 7 years
2019: €215k▲ +67.2% vs 2018
2020: €277k▲ +28.8% vs 2019
2021: €370k▲ +33.5% vs 2020
2022: €457k▲ +23.5% vs 2021
2023: €576k▲ +26.0% vs 2022
2024: €611k▲ +6.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€619k▼ 1.4%
2023 · €628k
2018: €161klowest in 7 years
2019: €254k▲ +58.1% vs 2018
2020: €302k▲ +18.6% vs 2019
2021: €411k▲ +36.2% vs 2020
2022: €497k▲ +21.1% vs 2021
2023: €628k▲ +26.4% vs 2022highest in 7 years
2024: €619k▼ -1.4% vs 2023
2018 → 2024
Net result
€103k▼ 20.6%
2023 · €130k
2018: €68k
2019: €86k▲ +27.7% vs 2018
2020: €62k▼ -28.3% vs 2019lowest in 7 years
2021: €93k▲ +49.9% vs 2020
2022: €94k▲ +1.1% vs 2021
2023: €130k▲ +37.8% vs 2022highest in 7 years
2024: €103k▼ -20.6% vs 2023
2018 → 2024
Working capital
€603k▲ 6.4%
2023 · €567k
2018: €95klowest in 7 years
2019: €188k▲ +97.2% vs 2018
2020: €250k▲ +33.6% vs 2019
2021: €350k▲ +39.9% vs 2020
2022: €447k▲ +27.5% vs 2021
2023: €567k▲ +26.9% vs 2022
2024: €603k▲ +6.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€277k-€370k▲ 33.5%€457k▲ 23.5%€576k▲ 26.0%€611k▲ 6.1%
2020: €277klowest in 5 years
2021: €370k▲ +33.5% vs 2020
2022: €457k▲ +23.5% vs 2021
2023: €576k▲ +26.0% vs 2022
2024: €611k▲ +6.1% vs 2023highest in 5 years
Operating result€88k-€135k▲ 53.5%€133k▼ 0.9%€167k▲ 25.0%€109k▼ 34.8%
2020: €88klowest in 5 years
2021: €135k▲ +53.5% vs 2020
2022: €133k▼ -0.9% vs 2021
2023: €167k▲ +25.0% vs 2022highest in 5 years
2024: €109k▼ -34.8% vs 2023
Net result€62k-€93k▲ 49.9%€94k▲ 1.1%€130k▲ 37.8%€103k▼ 20.6%
2020: €62klowest in 5 years
2021: €93k▲ +49.9% vs 2020
2022: €94k▲ +1.1% vs 2021
2023: €130k▲ +37.8% vs 2022highest in 5 years
2024: €103k▼ -20.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €619k
Fixed assets
€8k ▼ 14.9%
Current assets
€611k ▼ 1.2%
Equity and liabilities €619k
Equity
€611k ▲ 6.1%
Debt
€8k ▼ 83.9%
Debt's share of the balance-sheet total falls from 8.3% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112k▼
2023 · €172k
Cash flow
€106k▼
2023 · €134k
Current ratio
76.64▲
2023 · 11.93
Debt to equity
0.01▼
2023 · 0.09
ROE
16.8%▼
2023 · 22.5%
ROA
16.6%▼
2023 · 20.6%
Interest coverage
30.27▼
2023 · 424.31
Debt ≤ 1 year
€8k▼
2023 · €52k
Income taxes
€28k▼
2023 · €48k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€628k€619k▼
Fixed assets21/28€9k€8k▼
Tangible fixed assets22/27€9k€8k▼
Plant, machinery and equipment23€262€83▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€8k€6k▼
Financial fixed assets28€60€60=
Current assets29/58€619k€611k▼
Amounts receivable within one year40/41€7k€7k▲
Trade receivables40€7k€7k▲
Other amounts receivable41€506€382▼
Current investments50/53€189k€369k▲
Cash at bank and in hand54/58€410k€223k▼
Deferred charges and accrued income490/1€13k€12k▼
Equity and liabilities
Total equity and liabilities10/49€628k€619k▼
Equity10/15€576k€611k▲
Contributions10/11€19k€19k=
Reserves13€557k€592k▲
Distributable reserves133€557k€592k▲
Amounts payable17/49€52k€8k▼
Amounts payable within one year42/48€52k€8k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Advances received on contracts in progress46€228-
Taxes, remuneration and social security45€43k€5k▼
Taxes450/3€41k€5k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3€494€458▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€4k€8k▲
Gross operating margin9900€176k€120k▼
Operating profit (loss)9901€167k€109k▼
Financial income75/76B€11k€25k▲
Recurring financial income75€11k€25k▲
Financial charges65/66B€404€4k▲
Recurring financial charges65€404€4k▲
Profit (loss) for the period before taxes9903€178k€130k▼
Income taxes67/77€48k€28k▼
Profit (loss) for the period9904€130k€103k▼
Profit (loss) for the period to be appropriated9905€130k€103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€130k€103k▼
Transfer from equity791/2€11k€68k▲
Transfer to equity691/2€130k€103k▼
To other reserves6921€130k€103k▼
Profit to be distributed694/7€11k€68k▲
Return on contributions (dividend)694€11k€68k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €12k | €5k | €3k | ▼ 27.0% |
| Other operating charges640/8 | - | €512 | €613 | €4k | €8k | ▲ 97.8% |
| Gross operating margin9900 | €120k | €147k | €146k | €176k | €120k | ▼ 31.5% |
| Operating profit (loss)9901 | €88k | €135k | €133k | €167k | €109k | ▼ 34.8% |
| Financial income75/76B | - | €3 | €3 | €11k | €25k | ▲ 122% |
| Recurring financial income75 | - | €3 | €3 | €11k | €25k | ▲ 122% |
| Financial charges65/66B | - | €730 | €180 | €404 | €4k | ▲ 818% |
| Recurring financial charges65 | €251 | €730 | €180 | €404 | €4k | ▲ 818% |
| Profit (loss) for the period before taxes9903 | €87k | €134k | €133k | €178k | €130k | ▼ 26.7% |
| Income taxes67/77 | €25k | €41k | €39k | €48k | €28k | ▼ 42.8% |
| Profit (loss) for the period9904 | €62k | €93k | €94k | €130k | €103k | ▼ 20.6% |
| Transfer from tax-exempt reserves789 | - | €7k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €67k | €100k | €94k | €130k | €103k | ▼ 20.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €302k | €411k | €497k | €628k | €619k | ▼ 1.4% |
| Fixed assets21/28 | €33k | €23k | €14k | €9k | €8k | ▼ 14.9% |
| Tangible fixed assets22/27 | €33k | €23k | €14k | €9k | €8k | ▼ 15.0% |
| Plant, machinery and equipment23 | - | €1k | €460 | €262 | €83 | ▼ 68.5% |
| Furniture and vehicles24 | - | €8k | €3k | €1k | €2k | ▲ 71.4% |
| Other tangible fixed assets26 | - | €13k | €11k | €8k | €6k | ▼ 25.5% |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €269k | €388k | €483k | €619k | €611k | ▼ 1.2% |
| Amounts receivable within one year40/41 | €8k | €1k | €19k | €7k | €7k | ▲ 1.7% |
| Trade receivables40 | - | €908 | €18k | €7k | €7k | ▲ 3.7% |
| Other amounts receivable41 | - | €391 | €794 | €506 | €382 | ▼ 24.5% |
| Current investments50/53 | - | - | - | €189k | €369k | ▲ 95.1% |
| Cash at bank and in hand54/58 | €249k | €375k | €450k | €410k | €223k | ▼ 45.5% |
| Deferred charges and accrued income490/1 | - | €12k | €14k | €13k | €12k | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €302k | €411k | €497k | €628k | €619k | ▼ 1.4% |
| Equity10/15 | €277k | €370k | €457k | €576k | €611k | ▲ 6.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €259k | €352k | €439k | €557k | €592k | ▲ 6.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €350k | €437k | €557k | €592k | ▲ 6.3% |
| Amounts payable17/49 | €24k | €41k | €40k | €52k | €8k | ▼ 83.9% |
| Amounts payable after more than one year17 | €6k | €3k | €3k | - | - | - |
| Financial debts170/4 | - | €3k | €3k | - | - | - |
| Amounts payable within one year42/48 | €19k | €38k | €36k | €52k | €8k | ▼ 84.6% |
| Current portion of amounts payable after more than one year42 | - | €3k | - | - | - | - |
| Trade debts44 | €38 | - | €3k | €2k | €3k | ▲ 44.9% |
| Suppliers440/4 | - | - | €3k | €2k | €3k | ▲ 44.9% |
| Advances received on contracts in progress46 | - | €228 | €228 | €228 | - | - |
| Taxes, remuneration and social security45 | - | €28k | €27k | €43k | €5k | ▼ 89.3% |
| Taxes450/3 | - | €26k | €25k | €41k | €5k | ▼ 88.8% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | - | - |
| Other amounts payable47/48 | - | €6k | €6k | €7k | - | - |
| Accrued charges and deferred income492/3 | - | €80 | €888 | €494 | €458 | ▼ 7.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €93k | €94k | €130k | €103k | ▼ 20.6% |
| + Depreciation and write-downs630 | €12k | €12k | €12k | €5k | €3k | ▼ 27.0% |
| Operating cash flow (approximation) | €74k | €105k | €106k | €134k | €106k | ▼ 20.9% |
| Investment in fixed assets (approximation) | - | €-2k | €-3k | €0 | €-2k | - |
| Change in cash | - | €126k | €75k | €-40k | €-187k | ▼ 365% |
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
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Liquidity times 6current ratio 76.64
Current ratio from 11.93 to 76.64; short-term debt falls from €52k to €8k.
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
31-12
Financial
Highest result since 2018net €130k ▲37.8%
Operating result €167k, net result €130k, both a record.
31-12
Financial
Equity above €500kEq €576k ▲26%
6 profitable years in a row build equity to €576k.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €62k ▼28.3%
Net result drops to €62k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €215k ▲67.2%
2 profitable years in a row build equity to €215k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Tremelo · 1 establishment unit since 2007
Ground area
818 m²
Building footprint
133 m²
Volume, LiDAR
693 m³
Parcel 24109C0385/00C007, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K2 ARCHITECTEN
since 20072.211.067.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109C0385/00C007 | Flanders | 818 m² | 1 · 133 m² | 6.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 155 EUR awarded · 155 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 48 EUR | 48 EUR |
| 2022 | 1 | 107 EUR | 107 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
984500DD50E393A0CB80
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 3,675 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
Founded26-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Contact
E-mail
karin@k2architecten.beTremelo
Scores and ratios are computed by Checked and are not a credit decision.