K25
ActiveSummary
K25 has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €432,721 and a net result of -€2,584. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 434 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability51▼-19
Solvency77▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.97 in 2025; short-term debt: 29% and cash: 10.8% of total assets), and 47.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 04-09-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
57 d early
2025
35 d early
2024
79 d early
2023
22 d early
2022
31 d early
2021
3 d early
2020
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€432,721▼ 12.5%
2025 · €494,752
Total assets
€828,240▲ 0.6%
2025 · €823,690
Net result
-€2,584
2025 · €48,442
Working capital
-€102,103▼ 2,028%
2025 · -€4,798
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€75,483▼ 18.7%€55,740▼ 26.2%€56,460▲ 1.3%€40,737▼ 27.8%€12,850▼ 68.5%
Net result€51,064within the sector's middle half▼ 21.5%€37,151within the sector's middle half▼ 27.2%€32,080within the sector's middle half▼ 13.7%€48,442within the sector's middle half▲ 51.0%-€2,584
Equity€388,710within the sector's middle half▲ 13.4%€422,562above the sector's middle half▲ 8.7%€452,976above the sector's middle half▲ 7.2%€494,752above the sector's middle half▲ 9.2%€432,721▼ 12.5%
Total assets€702,050within the sector's middle half▲ 8.1%€758,626above the sector's middle half▲ 8.1%€789,076above the sector's middle half▲ 4.0%€823,690above the sector's middle half▲ 4.4%€828,240▲ 0.6%
Debt€313,340▲ 2.2%€336,064▲ 7.3%€336,100=€328,939▼ 2.1%€395,519▲ 20.2%
Working capital€23,547▼ 69.5%-€22,118-€31,240▼ 41.2%-€4,798▲ 84.6%-€102,103▼ 2,028%
Solvency55.4%within the sector's middle half▲ 2.6pp55.7%within the sector's middle half▲ 0.3pp57.4%within the sector's middle half▲ 1.7pp60.1%within the sector's middle half▲ 2.7pp52.2%▼ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 68% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €828,240
Fixed assets
€690,044 ▲ 2.4%
Current assets
€138,196 ▼ 7.6%
Equity and liabilities €828,240
Equity
€432,721 ▼ 12.5%
Debt
€395,519 ▲ 20.2%
Debt's share of the balance-sheet total rises from 39.9% to 47.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57,983▼
2025 · €85,931
Cash flow
€42,549▼
2025 · €93,637
Current ratio
0.58▼
2025 · 0.97
Debt to equity
0.91▲
2025 · 0.66
ROE
-0.6%▼
2025 · 9.8%
ROA
-0.3%▼
2025 · 5.9%
Interest coverage
3.95▼
2025 · 5.29
Debt ≤ 1 year
€240,299▲
2025 · €154,295
Debt > 1 year
€155,220▼
2025 · €174,644
Income taxes
€769▼
2025 · €17,580
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.5%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,685 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €59,091 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,154 | €43,118 | €46,513 | €45,195 | €45,134 | ▼ 0.1% |
| Other operating charges640/8 | €2,226 | €2,648 | €2,775 | €2,398 | €2,400 | ▲ 0.1% |
| Non-recurring operating charges66A | - | €361 | €629 | €0 | €101 | - |
| Gross operating margin9900 | €120,863 | €101,868 | €106,377 | €88,329 | €60,484 | ▼ 31.5% |
| Operating profit (loss)9901 | €75,483 | €55,740 | €56,460 | €40,737 | €12,850 | ▼ 68.5% |
| Financial income75/76B | €10 | - | €12 | €41,534 | €19 | ▼ 100.0% |
| Recurring financial income75 | €10 | - | €12 | €34 | €19 | ▼ 42.6% |
| Non-recurring financial income76B | - | - | - | €41,501 | €0 | ▼ 100% |
| Financial charges65/66B | €4,022 | €5,654 | €11,184 | €16,249 | €14,684 | ▼ 9.6% |
| Recurring financial charges65 | €4,022 | €5,654 | €11,184 | €16,249 | €14,684 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €71,470 | €50,086 | €45,288 | €66,022 | -€1,815 | ▼ 103% |
| Income taxes67/77 | €20,407 | €12,934 | €13,208 | €17,580 | €769 | ▼ 95.6% |
| Profit (loss) for the period9904 | €51,064 | €37,151 | €32,080 | €48,442 | -€2,584 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | €51,064 | €37,151 | €32,080 | €48,442 | -€2,584 | ▼ 105% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €702,050 | €758,626 | €789,076 | €823,690 | €828,240 | ▲ 0.6% |
| Fixed assets21/28 | €595,389 | €654,903 | €677,537 | €674,194 | €690,044 | ▲ 2.4% |
| Tangible fixed assets22/27 | €595,099 | €654,653 | €677,287 | €673,944 | €689,794 | ▲ 2.4% |
| Land and buildings22 | €533,390 | €584,514 | €618,256 | €592,430 | €623,019 | ▲ 5.2% |
| Plant, machinery and equipment23 | €40,388 | €30,881 | €25,329 | €14,474 | €12,869 | ▼ 11.1% |
| Furniture and vehicles24 | €19,181 | €37,117 | €29,909 | €63,247 | €50,113 | ▼ 20.8% |
| Other tangible fixed assets26 | €2,140 | €2,140 | €3,793 | €3,793 | €3,793 | = |
| Financial fixed assets28 | €290 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €106,661 | €103,723 | €111,539 | €149,496 | €138,196 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €85,394 | €85,555 | €88,244 | €113,724 | €47,326 | ▼ 58.4% |
| Trade receivables40 | €13,333 | - | - | €17,833 | €32,873 | ▲ 84.3% |
| Other amounts receivable41 | €72,061 | €85,555 | €88,244 | €95,891 | €14,453 | ▼ 84.9% |
| Cash at bank and in hand54/58 | €19,861 | €15,268 | €20,154 | €32,156 | €89,197 | ▲ 177% |
| Deferred charges and accrued income490/1 | €1,406 | €2,900 | €3,140 | €3,616 | €1,673 | ▼ 53.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €702,050 | €758,626 | €789,076 | €823,690 | €828,240 | ▲ 0.6% |
| Equity10/15 | €388,710 | €422,562 | €452,976 | €494,752 | €432,721 | ▼ 12.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €382,510 | €416,362 | €446,776 | €488,552 | €426,521 | ▼ 12.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €23,438 | €23,438 | €23,438 | €23,438 | €23,438 | = |
| Distributable reserves133 | €357,212 | €391,064 | €423,338 | €465,114 | €403,083 | ▼ 13.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €313,340 | €336,064 | €336,100 | €328,939 | €395,519 | ▲ 20.2% |
| Amounts payable after more than one year17 | €230,226 | €210,223 | €193,321 | €174,644 | €155,220 | ▼ 11.1% |
| Financial debts170/4 | €230,226 | €210,223 | €193,321 | €174,644 | €155,220 | ▼ 11.1% |
| Amounts payable within one year42/48 | €83,114 | €125,841 | €142,779 | €154,295 | €240,299 | ▲ 55.7% |
| Current portion of amounts payable after more than one year42 | €19,761 | €20,003 | €17,857 | €18,677 | €19,424 | ▲ 4.0% |
| Financial debts43 | €712 | €3,157 | €2,233 | €2,362 | €5,481 | ▲ 132% |
| Credit institutions430/8 | €712 | €3,157 | €2,233 | €2,362 | €5,481 | ▲ 132% |
| Trade debts44 | €35,924 | €18,269 | €7,964 | €5,905 | €47,148 | ▲ 698% |
| Suppliers440/4 | €35,924 | €18,269 | €7,964 | €5,905 | €47,148 | ▲ 698% |
| Taxes, remuneration and social security45 | €2,842 | €1,726 | €7,241 | €7,969 | €7,719 | ▼ 3.1% |
| Taxes450/3 | €2,842 | €1,726 | €7,241 | €7,969 | €7,719 | ▼ 3.1% |
| Other amounts payable47/48 | €23,875 | €82,686 | €107,483 | €119,382 | €160,527 | ▲ 34.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,064 | €37,151 | €32,080 | €48,442 | -€2,584 | ▼ 105% |
| + Depreciation and write-downs630 | €43,154 | €43,118 | €46,513 | €45,195 | €45,134 | ▼ 0.1% |
| Operating cash flow (approximation) | €94,218 | €80,270 | €78,593 | €93,637 | €42,549 | ▼ 54.6% |
| Investment in fixed assets (approximation) | - | -€102,632 | -€69,146 | -€41,852 | -€60,983 | ▼ 45.7% |
| Change in cash | - | -€4,593 | €4,887 | €12,001 | €57,042 | ▲ 375% |
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 2027, expected by
2026
04-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet -€2,584
Net result drops to -€2,584, the lowest in the series.
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Highest result since 2019net €73,079 ▲113%
Net result €73,079, the highest in the series.
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2008
Ground area
253 m²
Building footprint
126 m²
Volume, LiDAR
2,054 m³
Parcel 44804D2560/00A006, Flanders · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
K25
since 20082.171.774.966
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2560/00A006 | Flanders | 253 m² | 1 · 126 m² | 19.9 m · 5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2022 list no shareholders, and no other source names one.
Holdings 1
- DataTokoNLSourceown accounts 31-03-202233.33%
According to the annual accounts to 31-03-2022 of K25 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 232 EUR awarded · 232 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 232 EUR | 232 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 35,792 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
Founded19-05-2008
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897990564
Registered
29-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.