K2 POINT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 4 filings
Turnover
€103,175▲ 44.2%
2024 · €71,533
EBIT margin
4.8%▲ 7.5pp
2024 · -2.7%
Net result
€3,662
2024 · -€1,252
Working capital
€18,134▲ 52.6%
2024 · €11,886
Multi-year overview
2022 to 2025, 4 financial yearsTurnover
€103,175
▲ 44.2%
2025
20222025
Operating result
€4,951
2025
20222025
Net result
€3,662
2025
middle half of the sector
20222025
EBIT margin
4.8%
▲ 7.5pp
2025
20222025
Equity
€19,291
▲ 41.5%
2025
middle half of the sector
20222025
Total assets
€34,098
▲ 7.5%
2025
lowest quarter of the sector
20222025
Debt
€14,807
▼ 18.1%
2025
20222025
Working capital
€18,134
▲ 52.6%
2025
middle half of the sector
20222025
Solvency
56.6%
▲ 13.6pp
2025
middle half of the sector
20222025
Current ratio
2.22
▲ 0.57
2025
middle half of the sector
20222025
Return on assets (ROA)
10.7%
▲ 14.7pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Turnover€61,538-€113,346▲ 84.2%€71,533▼ 36.9%€103,175▲ 44.2%
Operating result-€870-€15,640-€1,910€4,951
Net result-€1,023within the sector's middle half-€13,728within the sector's middle half-€1,252within the sector's middle half€3,662within the sector's middle half
EBIT margin-1.4%-13.8%▲ 15.2pp-2.7%▼ 16.5pp4.8%▲ 7.5pp
Equity€1,152below the sector's middle half-€14,880within the sector's middle half▲ 13×€13,629within the sector's middle half▼ 8.4%€19,291within the sector's middle half▲ 41.5%
Total assets€10,058below the sector's middle half-€33,284below the sector's middle half▲ 231%€31,714below the sector's middle half▼ 4.7%€34,098below the sector's middle half▲ 7.5%
Debt€8,906-€18,404▲ 107%€18,085▼ 1.7%€14,807▼ 18.1%
Working capital-€4,881within the sector's middle half-€12,773within the sector's middle half€11,886within the sector's middle half▼ 6.9%€18,134within the sector's middle half▲ 52.6%
Solvency11.5%below the sector's middle half-44.7%within the sector's middle half▲ 33.3pp43.0%within the sector's middle half▼ 1.7pp56.6%within the sector's middle half▲ 13.6pp
Current ratio0.45below the sector's middle half-1.69within the sector's middle half▲ 1.241.66within the sector's middle half▼ 0.042.22within the sector's middle half▲ 0.57
Return on assets (ROA)-10.2%below the sector's middle half-41.2%above the sector's middle half▲ 51.4pp-3.9%below the sector's middle half▼ 45.2pp10.7%within the sector's middle half▲ 14.7pp
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €4,951, after a loss of €1,910 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,098
Fixed assets
€1,157 ▼ 33.6%
Current assets
€32,941 ▲ 9.9%
Equity and liabilities €34,098
Equity
€19,291 ▲ 41.5%
Debt
€14,807 ▼ 18.1%
Debt's share of the balance-sheet total falls from 57.0% to 43.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,537▲
2024 · €1,452
Cash flow
€4,248▲
2024 · €2,111
Debt to equity
0.77▼
2024 · 1.33
ROE
19.0%▲
2024 · -9.2%
Interest coverage
14.78▲
2024 · 4.83
Debt ≤ 1 year
€14,807▼
2024 · €18,085
Income taxes
€916
Customer credit
39 days▲
2024 · 34 days
Supplier credit
1 day▼
2024 · 21 days
Staff costs
€10,511▲
2024 · €9,658
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €9,050 | €1,653 | €765 | - |
| Depreciation and write-downs of the year | €5,247 | €5,579 | €3,362 | €586 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €61,538 | €113,346 | €71,533 | €103,175 | ▲ 44.2% |
| Goods, raw materials, services and sundry goods60/61 | €57,392 | €91,121 | €64,948 | €105,203 | ▲ 62.0% |
| Remuneration, social security and pensions62 | - | €766 | €9,658 | €10,511 | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,247 | €5,579 | €3,362 | €586 | ▼ 82.6% |
| Other operating charges640/8 | €446 | €240 | €234 | €247 | ▲ 5.3% |
| Non-recurring operating charges66A | €1,405 | - | - | - | - |
| Gross operating margin9900 | €6,229 | €22,225 | €11,345 | €16,294 | ▲ 43.6% |
| Operating profit (loss)9901 | -€870 | €15,640 | -€1,910 | €4,951 | - |
| Financial income75/76B | €30 | €1,722 | €959 | €1 | ▼ 99.9% |
| Recurring financial income75 | €30 | €1,722 | €959 | €1 | ▼ 99.9% |
| Financial charges65/66B | €183 | €202 | €301 | €375 | ▲ 24.4% |
| Recurring financial charges65 | €183 | €202 | €301 | €375 | ▲ 24.4% |
| Profit (loss) for the period before taxes9903 | -€1,023 | €17,160 | -€1,252 | €4,578 | - |
| Income taxes67/77 | - | €3,432 | - | €916 | - |
| Profit (loss) for the period9904 | -€1,023 | €13,728 | -€1,252 | €3,662 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,023 | €13,728 | -€1,252 | €3,662 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €10,058 | €33,284 | €31,714 | €34,098 | ▲ 7.5% |
| Fixed assets21/28 | €6,033 | €2,108 | €1,742 | €1,157 | ▼ 33.6% |
| Tangible fixed assets22/27 | €6,033 | €2,108 | €1,742 | €1,157 | ▼ 33.6% |
| Furniture and vehicles24 | €6,033 | €2,108 | €1,742 | €1,157 | ▼ 33.6% |
| Current assets29/58 | €4,025 | €31,176 | €29,972 | €32,941 | ▲ 9.9% |
| Amounts receivable within one year40/41 | €3,327 | €11,071 | €28,493 | €17,052 | ▼ 40.2% |
| Trade receivables40 | €246 | - | €6,604 | €10,958 | ▲ 65.9% |
| Other amounts receivable41 | €3,081 | €11,071 | €21,889 | €6,094 | ▼ 72.2% |
| Cash at bank and in hand54/58 | €698 | €19,931 | €471 | €15,889 | ▲ 34× |
| Deferred charges and accrued income490/1 | - | €175 | €1,008 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €10,058 | €33,284 | €31,714 | €34,098 | ▲ 7.5% |
| Equity10/15 | €1,152 | €14,880 | €13,629 | €19,291 | ▲ 41.5% |
| Contributions10/11 | €500 | €500 | €500 | €2,500 | ▲ 400% |
| Profit (loss) carried forward14 | €652 | €14,380 | €13,129 | €16,791 | ▲ 27.9% |
| Amounts payable17/49 | €8,906 | €18,404 | €18,085 | €14,807 | ▼ 18.1% |
| Amounts payable within one year42/48 | €8,906 | €18,404 | €18,085 | €14,807 | ▼ 18.1% |
| Current portion of amounts payable after more than one year42 | €6,250 | €9,250 | - | €500 | - |
| Trade debts44 | €2,098 | €2,683 | €3,680 | €398 | ▼ 89.2% |
| Suppliers440/4 | €2,098 | €2,683 | €3,680 | €398 | ▼ 89.2% |
| Taxes, remuneration and social security45 | €558 | €6,471 | €10,721 | €13,909 | ▲ 29.7% |
| Taxes450/3 | €558 | €5,704 | €6,460 | €12,118 | ▲ 87.6% |
| Remuneration and social security454/9 | - | €766 | €4,260 | €1,791 | ▼ 58.0% |
| Other amounts payable47/48 | - | - | €3,685 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,023 | €13,728 | -€1,252 | €3,662 | - |
| + Depreciation and write-downs630 | €5,247 | €5,579 | €3,362 | €586 | ▼ 82.6% |
| Operating cash flow (approximation) | €4,224 | €19,307 | €2,111 | €4,248 | ▲ 101% |
| Investment in fixed assets (approximation) | - | -€1,653 | -€2,997 | €0 | - |
| Change in cash | - | €19,233 | -€19,460 | €15,419 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as K2 POINT has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of K2 POINT itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for K2 POINT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.