Equity
€181,442 ▼ 28.2%
K2@WORK paid out €134,100 in dividends. That is 213% of the 2025 profit.
K2@WORK
Lifetime
8 annual accounts with figures on one time axispeak €112,916 (2018)
€108,957▼ 2.4%
peak €69,975 (2024)
€62,812▼ 10.2%
peak €252,730 (2024)
€181,442▼ 28.2%
€187,240▲ 260%
Board1 name since 2021
1 directorKEMPENEERS Katrien Clara Gérardine
Documentsfilings and deeds
06-08-20266 days late
2025micro format
Dividend €134,100Equity from €252,730 to €181,442Debts from €51,998 to €187,240Cash from €34,581 to €48,556
Key points
from the 2025 annual accountsTurnover
≈ €350,000 estimated
The micro format states no turnover.
Debts
€187,240 ▲ 260%
Debts rose by €135,242 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
1.57 was 4.06 in 2024
Short-term debts rose from €51,998 to €187,240.
Filings
8 annual accounts 3 late
The 2019 accounts came latest: 173 days after the end of the period.
Position in the sector
€62,812
Higher net result than 91% of companies in construction of buildings. Sector median €8,551 · 9,446 companies.
Checked score
69
Healthy
Financially stronger than 47% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.1%▼ -0.2 percentage points vs 02-2025
04-2025: 1.2%▲ +0.1 percentage points vs 03-2025
05-2025: 1.5%▲ +0.3 percentage points vs 04-2025
06-2025: 1.4%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 2.4%▲ +0.9 percentage points vs 07-2025highest value
09-2025: 1.4%▼ -1.0 percentage point vs 08-2025
10-2025: 0.7%▼ -0.7 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.5 percentage points vs 07-2026
09-2026: 0.7%▼ -0.6 percentage points vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
No registered site in the KBO
lowers risk
Liquidity: current ratio 1.57, cash €48,556
Equity €181,442 (49.2% 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 41, micro). It does better than 57% of them on solvency, 38% on liquidity, 75% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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@WORK 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.
That fits the bankruptcy probability of K2@WORK itself: 0.7% within 12 months.
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@WORK. 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 €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.57 (4.06 in 2024), above the usual 1.5. Short-term debt is 50.8% and cash 13.2% of total assets. However, 50.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 6 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
6 days late
2024
18 days late
2023
69 days early
2022
4 days early
2021
30 days early
2020
86 days early
2019
173 days late
← 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 1 day after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0670529623
Registered office moved to Sint-Truiden
New registered office: Abtenstraat 9, 3800 Sint-Truiden · Change of role: KEMPENEERS Katrien Clara Gérardine, from statutory manager to statutory director · Reappointment: KEMPENEERS Katrien Clara Gérardine (statutory director) · Gazette deed
Incorporation
published on 01-02-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| K2@WORK Sint-Truiden | €368,681 | €108,957 | 49.2% | - |
| FRACTAL DEVELOPMENT Braine-le-Château | €331,136 | €112,762 | 28.9% | - |
| AMV RENOV Schaerbeek | €351,509 | €123,946 | 80.0% | - |
| PRORENBO Antwerp | €314,620 | €95,155 | 39.7% | - |
| LAVIGNE CONSTRUCT Sint-Truiden | €623,557 | €140,840 | 18.2% | - |
| KNUTS BUILDINGS Dilsen-Stokkem | €285,220 | €146,552 | 4.2% | - |
| MERIC-TEC Heusden-Zolder | €202,570 | €73,360 | 52.0% | - |
These companies have the same main activity as K2@WORK: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €203,000 and €624,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 30-01-2017Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 19-05-2025
Insights on K2@WORK
K2@WORK files the micro format. That format states no turnover. The gross margin fell from €112,916 in 2018 to €108,957 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@WORK
- What is the company number of K2@WORK?
- The company number of K2@WORK is 0670.529.623. The VAT number is the same number with BE in front: BE 0670.529.623.
- Where is K2@WORK based?
- The registered office is at Abtenstraat 9, 3800 Sint-Truiden.Company details
- What does K2@WORK do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of K2@WORK?
- K2@WORK is a private limited company (BV).
- When was K2@WORK founded?
- K2@WORK was founded on 30-01-2017.
- Is K2@WORK still active?
- Yes, K2@WORK is an active enterprise in the KBO register.
- What is the turnover of K2@WORK?
- The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €108,957 and 101 comparable companies (NACE 410). It probably lies between €250,000 and €550,000.Financials
- Is K2@WORK profitable?
- In financial year 2025, K2@WORK made a profit of €62,812.
- Where can I find the annual accounts of K2@WORK?
- K2@WORK filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of K2@WORK due?
- K2@WORK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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