K2 Transformations
ActiveSummary
K2 Transformations has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €15k. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-21
Solvency84▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.9 in 2024; short-term debt: 41.3% and cash: 35.4% of total assets), and 41.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
58.7%
Return on assets
8.4%
Age of the figures
15 mo
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 d early
2024
20 d late
2023
2 d early
2022
23 d early
2021
28 d early
2020
34 d early
2019
19 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 01-07-2026 and is due by 01-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
01-07-2026 close26-09-2026 today01-02-2027 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 Can you accept this company as a client under the anti-money-laundering law?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
€107k▼ 18.7%
2024 · €132k
Total assets
€182k▼ 17.4%
2024 · €221k
Net result
€15k▼ 78.5%
2024 · €71k
Working capital
€69k▼ 14.7%
2024 · €81k
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€183k▲ 55.8%€122k▼ 33.3%€70k▼ 42.4%€86k▲ 21.5%€16k▼ 81.8%
Net result€140k▲ 54.7%€95k▼ 31.9%€55k▼ 42.6%€71k▲ 30.7%€15k▼ 78.5%
Equity€82k▼ 70.0%€118k▲ 42.7%€100k▼ 14.8%€132k▲ 31.3%€107k▼ 18.7%
Total assets€356k▲ 10.7%€212k▼ 40.6%€189k▼ 10.8%€221k▲ 16.9%€182k▼ 17.4%
Debt€274k▲ 482%€94k▼ 65.7%€89k▼ 5.8%€89k▲ 0.6%€75k▼ 15.5%
Working capital€81k▼ 70.4%€117k▲ 43.9%€98k▼ 16.1%€81k▼ 17.9%€69k▼ 14.7%
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 2025; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182k
Fixed assets
€38k ▼ 25.2%
Current assets
€144k ▼ 15.1%
Equity and liabilities €182k
Equity
€107k ▼ 18.7%
Debt
€75k ▼ 15.5%
Debt's share of the balance-sheet total rises from 40.4% to 41.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€28k▼
2024 · €98k
Cash flow
€28k▼
2024 · €83k
Current ratio
1.91▲
2024 · 1.90
Quick ratio
1.90▲
2024 · 1.89
Debt to equity
0.70▲
2024 · 0.68
ROE
14.3%▼
2024 · 54.2%
ROA
8.4%▼
2024 · 32.3%
Interest coverage
250.68▼
2024 · 579.61
Debt ≤ 1 year
€75k▼
2024 · €89k
Income taxes
€4k▼
2024 · €18k
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 | €189 | €454 | €727 | €12k | €13k | ▲ 6.7% |
| Other operating charges640/8 | - | €2k | €2k | €1k | €1k | ▲ 19.4% |
| Gross operating margin9900 | €185k | €124k | €74k | €99k | €30k | ▼ 69.8% |
| Operating profit (loss)9901 | €183k | €122k | €70k | €86k | €16k | ▼ 81.8% |
| Financial income75/76B | - | €321 | €1 | €4k | €4k | ▼ 4.6% |
| Recurring financial income75 | €298 | €321 | €1 | €4k | €4k | ▼ 4.6% |
| Financial charges65/66B | - | €541 | €541 | €169 | €114 | ▼ 32.6% |
| Recurring financial charges65 | €736 | €541 | €541 | €169 | €114 | ▼ 32.6% |
| Profit (loss) for the period before taxes9903 | €183k | €122k | €70k | €90k | €20k | ▼ 78.2% |
| Income taxes67/77 | €43k | €27k | €15k | €18k | €4k | ▼ 76.8% |
| Profit (loss) for the period9904 | €140k | €95k | €55k | €71k | €15k | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €140k | €95k | €55k | €71k | €15k | ▼ 78.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €356k | €212k | €189k | €221k | €182k | ▼ 17.4% |
| Fixed assets21/28 | €1k | €719 | €2k | €51k | €38k | ▼ 25.2% |
| Tangible fixed assets22/27 | €1k | €719 | €2k | €51k | €38k | ▼ 25.2% |
| Plant, machinery and equipment23 | - | €719 | €2k | €864 | €296 | ▼ 65.8% |
| Furniture and vehicles24 | - | - | - | €50k | €38k | ▼ 24.5% |
| Financial fixed assets28 | - | - | €500 | - | - | - |
| Current assets29/58 | €355k | €211k | €187k | €170k | €144k | ▼ 15.1% |
| Stocks and contracts in progress3 | - | €1k | €2k | €953 | €630 | ▼ 33.9% |
| Stocks30/36 | - | €1k | €2k | €953 | €630 | ▼ 33.9% |
| Amounts receivable within one year40/41 | €47k | €38k | €10k | €3k | €26k | ▲ 657% |
| Trade receivables40 | - | €36k | €9k | €605 | €19k | ▲ 3,100% |
| Other amounts receivable41 | - | €2k | €2k | €3k | €7k | ▲ 142% |
| Current investments50/53 | €35k | €47k | €47k | €50k | €52k | ▲ 5.6% |
| Cash at bank and in hand54/58 | €256k | €125k | €128k | €116k | €65k | ▼ 44.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €356k | €212k | €189k | €221k | €182k | ▼ 17.4% |
| Equity10/15 | €82k | €118k | €100k | €132k | €107k | ▼ 18.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €99k | €79k | €113k | €88k | ▼ 22.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €97k | €77k | €113k | €88k | ▼ 22.2% |
| Profit (loss) carried forward14 | €62k | €203 | €3k | €256 | €580 | ▲ 127% |
| Amounts payable17/49 | €274k | €94k | €89k | €89k | €75k | ▼ 15.5% |
| Amounts payable within one year42/48 | €274k | €94k | €89k | €89k | €75k | ▼ 15.5% |
| Trade debts44 | €3k | €797 | €12k | €5k | €3k | ▼ 51.5% |
| Suppliers440/4 | - | €797 | €12k | €5k | €3k | ▼ 51.5% |
| Taxes, remuneration and social security45 | - | €12k | €1k | €11k | €13k | ▲ 17.6% |
| Taxes450/3 | - | €12k | €1k | €11k | €13k | ▲ 17.6% |
| Other amounts payable47/48 | - | €81k | €76k | €73k | €60k | ▼ 17.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €140k | €95k | €55k | €71k | €15k | ▼ 78.5% |
| + Depreciation and write-downs630 | €189 | €454 | €727 | €12k | €13k | ▲ 6.7% |
| Operating cash flow (approximation) | €140k | €96k | €55k | €83k | €28k | ▼ 66.2% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-61k | €0 | ▲ 100% |
| Change in cash | - | €-132k | €3k | €-12k | €-51k | ▼ 324% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
Financial
Weakest financial yearnet €15k ▼78.5%
Net result drops to €15k, the lowest in the series.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
Financial
Equity above €100kEq €118k ▲42.7%
4 profitable years in a row build equity to €118k.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
Financial
Highest result since 2019net €140k ▲54.7%
Operating result €183k, net result €140k, both a record.
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
01-07
Financial
Equity above €200kEq €275k ▲48.3%
2 profitable years in a row build equity to €275k.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
224 m²
Building footprint
152 m²
Volume, LiDAR
1,882 m³
Parcel 11002A1179/00C000, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
K2 Transformations
since 20172.260.635.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1179/00C000 | Flanders | 224 m² | 1 · 152 m² | 15.9 m · 4 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.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 7,184 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
Founded17-01-2017
Fiscal year end01-07
Activities, NACEBEL 2025
82990Other business support services
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.