K2 Projects
ActiveSummary
K2 Projects has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €110k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 545 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+13
Solvency45▼-39
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.9 in 2024; short-term debt: 79.8% and cash: 78.1% of total assets), and 79.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
20.2%
Return on assets
38.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
30 d early
2023
5 d early
2022
31 d late
2021
60 d late
2020
25 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€58k▼ 52.6%
2024 · €123k
Total assets
€288k▲ 39.3%
2024 · €207k
Net result
€110k▲ 263%
2024 · €30k
Working capital
€15k▼ 79.7%
2024 · €76k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€122k▲ 211%€15k▼ 87.7%€61k▲ 306%€38k▼ 37.2%€137k▲ 261%
Net result€96k▲ 208%€12k▼ 87.5%€48k▲ 302%€30k▼ 37.3%€110k▲ 263%
Equity€146k▲ 193%€44k▼ 70.0%€92k▲ 111%€123k▲ 33.0%€58k▼ 52.6%
Total assets€225k▲ 131%€204k▼ 9.3%€148k▼ 27.9%€207k▲ 40.3%€288k▲ 39.3%
Debt€79k▲ 66.5%€161k▲ 102%€55k▼ 65.6%€84k▲ 52.6%€230k▲ 173%
Working capital€137k▲ 327%€-4k€47k€76k▲ 63.1%€15k▼ 79.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 261% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €288k
Fixed assets
€43k ▼ 8.5%
Current assets
€246k ▲ 53.2%
Equity and liabilities €288k
Equity
€58k ▼ 52.6%
Debt
€230k ▲ 173%
Debt's share of the balance-sheet total rises from 40.7% to 79.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€141k▲
2024 · €42k
Cash flow
€114k▲
2024 · €34k
Current ratio
1.07▼
2024 · 1.90
Debt to equity
3.96▲
2024 · 0.69
ROE
189.8%▲
2024 · 24.8%
ROA
38.3%▲
2024 · 14.7%
Interest coverage
2243.81▲
2024 · 556.61
Debt ≤ 1 year
€230k▲
2024 · €84k
Income taxes
€27k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €413 | €2k | €4k | €4k | = |
| Other operating charges640/8 | €1k | €43k | €1k | €652 | €2k | ▲ 190% |
| Gross operating margin9900 | €132k | €58k | €64k | €43k | €143k | ▲ 235% |
| Operating profit (loss)9901 | €122k | €15k | €61k | €38k | €137k | ▲ 261% |
| Financial income75/76B | €16 | €7 | €0 | - | €1 | - |
| Recurring financial income75 | €16 | €7 | €0 | - | €1 | - |
| Financial charges65/66B | €54 | €96 | €39 | €76 | €63 | ▼ 16.6% |
| Recurring financial charges65 | €54 | €96 | €39 | €76 | €63 | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | €122k | €15k | €61k | €38k | €137k | ▲ 261% |
| Income taxes67/77 | €25k | €3k | €12k | €8k | €27k | ▲ 255% |
| Profit (loss) for the period9904 | €96k | €12k | €48k | €30k | €110k | ▲ 263% |
| Profit (loss) for the period to be appropriated9905 | €96k | €12k | €48k | €30k | €110k | ▲ 263% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225k | €204k | €148k | €207k | €288k | ▲ 39.3% |
| Fixed assets21/28 | €9k | €48k | €46k | €47k | €43k | ▼ 8.5% |
| Tangible fixed assets22/27 | €828 | €481 | €6k | €7k | €3k | ▼ 56.2% |
| Furniture and vehicles24 | €828 | €481 | €6k | €7k | €3k | ▼ 56.2% |
| Financial fixed assets28 | €8k | €48k | €40k | €40k | €40k | = |
| Current assets29/58 | €217k | €156k | €102k | €160k | €246k | ▲ 53.2% |
| Amounts receivable within one year40/41 | €6k | €95k | €18k | €24k | €20k | ▼ 14.1% |
| Trade receivables40 | €6k | €13k | €18k | €17k | €18k | ▲ 8.3% |
| Other amounts receivable41 | - | €82k | - | €7k | €2k | ▼ 65.8% |
| Cash at bank and in hand54/58 | €211k | €61k | €84k | €136k | €225k | ▲ 64.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225k | €204k | €148k | €207k | €288k | ▲ 39.3% |
| Equity10/15 | €146k | €44k | €92k | €123k | €58k | ▼ 52.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €140k | €38k | €86k | €116k | €52k | ▼ 55.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €138k | €36k | €84k | €115k | €50k | ▼ 56.1% |
| Amounts payable17/49 | €79k | €161k | €55k | €84k | €230k | ▲ 173% |
| Amounts payable within one year42/48 | €79k | €161k | €55k | €84k | €230k | ▲ 173% |
| Trade debts44 | €7k | €2k | €6k | €17k | €17k | ▼ 3.9% |
| Suppliers440/4 | €7k | €2k | €6k | €17k | €17k | ▼ 3.9% |
| Taxes, remuneration and social security45 | €73k | €45k | €49k | €64k | €61k | ▼ 3.4% |
| Taxes450/3 | €62k | €34k | €22k | €28k | €41k | ▲ 48.6% |
| Remuneration and social security454/9 | €11k | €11k | €28k | €36k | €20k | ▼ 43.2% |
| Other amounts payable47/48 | - | €114k | - | €3k | €152k | ▲ 4,326% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €12k | €48k | €30k | €110k | ▲ 263% |
| + Depreciation and write-downs630 | €9k | €413 | €2k | €4k | €4k | = |
| Operating cash flow (approximation) | €105k | €12k | €50k | €34k | €114k | ▲ 233% |
| Investment in fixed assets (approximation) | - | €-40k | €520 | €-5k | €0 | ▲ 100% |
| Change in cash | - | €-149k | €22k | €53k | €89k | ▲ 67.8% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €110k ▲263%
Operating result €137k, net result €110k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €123k ▲33%
7 profitable years in a row build equity to €123k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Equity above €100kEq €146k ▲193%
4 profitable years in a row build equity to €146k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 41 days late
2018
16-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 77 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2017
Ground area
1,474 m²
Building footprint
1,475 m²
Volume, LiDAR
29,575 m³
Parcel 11802B0096/00A000, Flanders · tallest building 25.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
De Kraakfabriek Escape Games
since 20172.260.214.717
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0096/00A000 | Flanders | 1,474 m² | 1 · 1,474 m² | 25.9 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 3,404 EUR awarded · 3,404 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 3,404 EUR | 3,404 EUR |
Schemes
Vlaams beschermingsmechanisme 12 (stopgezet)
Vlaams Beschermingsmechanisme 11 (stopgezet)
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Of 1,599 companies in sector 16230 we hold annual accounts for 784. 579 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
Founded13-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.