Equity
€106,985 ▼ 18.7%
K2 Transformations paid out €40,000 in dividends. That is 261% of the 2025 profit.
K2 Transformations
Lifetime
8 annual accounts with figures on one time axispeak €184,812 (2021)
€29,813▼ 69.8%
peak €139,742 (2021)
€15,324▼ 78.5%
peak €274,731 (2020)
€106,985▼ 18.7%
€75,286▼ 15.5%
Board1 name since 2022
1 directorSMETS Wim
Documentsfilings and deeds
30-01-20262 days before the deadline
2025micro format
Gross margin from €98,804 to €29,813Result from €71,409 to €15,324Dividend €40,000Equity from €131,661 to €106,985Debts from €89,131 to €75,286Cash from €115,560 to €64,600
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 50% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: 0.1%▲ +0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Profit of €15,324 (financial year 2025)
lowers risk
Liquidity: current ratio 1.91, cash €64,600
Sector: Office administrative, office support and other business support activities (NACE 82)
Equity €106,985 (58.7% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 59% of them on solvency, 69% on liquidity, 51% on profitability and 22% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 01-07-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as K2 Transformations has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of K2 Transformations itself is lower: 0.1% within 12 months. It rests on far more data about K2 Transformations than the profile alone.
Test of the method
The method was tested on the 497,447 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 Transformations. 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.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.91 (1.9 in 2024), above the usual 1.5. Short-term debt is 41.3% and cash 35.4% of total assets. 41.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 01-07-2025 was due by 01-02-2026 and was filed on 30-01-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 days early
2024
20 days late
2023
2 days early
2022
23 days early
2021
28 days early
2020
34 days early
2019
19 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 01-07-2026 is due by 01-02-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-07-2026 year end10-11-2026 today01-02-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0669669885
Change of role: SMETS Wim, from manager to director
Director discharge: SMETS Wim · Gazette deed
Registered office moved from Rumst to Antwerp
New registered office: Korte Nieuwstraat 1 2000 Antwerpen · Previous registered office: Laarstraat 2, 2840 Rumst · Gazette deed
Incorporation
published on 19-01-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| K2 Transformations Antwerp | €182,271 | €29,813 | 58.7% | - |
| Gillesfleur Bornem | €196,603 | €29,160 | 29.8% | - |
| PACK Schelle | €224,246 | €28,242 | 16.2% | - |
| Van Mullem & Co Antwerp | €198,423 | €35,432 | 72.3% | - |
| ELPALA CONSULT Riemst | €192,940 | €31,278 | 63.9% | - |
| Box7 Meise | €187,974 | €31,307 | 38.9% | - |
| MyflexiPark Etterbeek | €206,204 | €28,439 | -474.5% | 0 |
These companies have the same main activity as K2 Transformations: other business support services (NACE 82990). They are comparable in size and age: total assets between €188,000 and €224,000, founded between 2016 and 2017.
Official details
Source: KBO- Status
- Active since 17-01-2017Normal situation
- Activity
- Other business support servicesNACE 82990and 3 others
- Establishment unit
- 2.260.635.9732000 Antwerp, since 17-01-2017
- Financial year end
- 1 July
- Peppol
- Reachable since 30-01-2025
Annual accounts to 01-07-2025
- €182,271▼ 17.4%
- Filing
- Filed on 30-01-2026, 2 days before the end of the filing period
Insights on K2 Transformations
K2 Transformations files the micro format. That format states no turnover. The gross margin fell from €141,733 in 2018 to €29,813 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about K2 Transformations
- What is the company number of K2 Transformations?
- The company number of K2 Transformations is 0669.669.885. The VAT number is the same number with BE in front: BE 0669.669.885.
- Where is K2 Transformations based?
- The registered office is at Korte Nieuwstraat 1, 2000 Antwerp.Company details
- What does K2 Transformations do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of K2 Transformations?
- K2 Transformations is a private limited company (BV).
- When was K2 Transformations founded?
- K2 Transformations was founded on 17-01-2017.
- Is K2 Transformations still active?
- Yes, K2 Transformations is an active enterprise in the KBO register.
- What is the turnover of K2 Transformations?
- The turnover in financial year 2025 is ≈ €77,000. This figure is estimated from the gross margin of €29,813 and 41 comparable companies (NACE 82990). It probably lies between €48,000 and €100,000.Financials
- Is K2 Transformations profitable?
- In financial year 2025, K2 Transformations made a profit of €15,324.
- Where can I find the annual accounts of K2 Transformations?
- K2 Transformations filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of K2 Transformations due?
- K2 Transformations must file the annual accounts for financial year 2026 by 01-02-2027.Timeline
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