Summary
The computed 12-month bankruptcy probability of K2F is 2.6% (moderate). The 2020 annual accounts show equity of €19,066 and a net result of €10,155. Equity has been growing by about 46% per year since 2018. Its solvency ranks better than 50% of 23,305 sector peers (NACE 70, financial year 2020). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-08-2006 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.6%
2020 figures too old to score
Annual accounts 2020
- Gross margin
- €17,224
- ▲ 94.2%
- Turnover
- ≈ €81,000
- estimated
- Profit
- €10,155
- Equity
- €19,066
- ▲ 114%
- Total assets
- €35,006
- ▼ 45.8%
- 2021 accounts not filed, 1558 days past the deadline
Signalsraises riskFigures for financial year 2020 (filed on 30-09-2021)3 financial years not filed after the legal deadline; last filed accounts filed 59 days late; 3 of the last 3 accounts late2020 accounts filed 59 days latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.20, cash €19,318neutralNo filing for yearsShow the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2020. They are too old for a current score.
Filing: Five or more annual filings are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2020 · tick: 2019
Strong
Solvency
79+40
equity 54.5% of total assets
Liquidity
78+42
short-term debt 45.5% · cash 55.2%
Profitability
100+63
return on assets 29.0%
Bankruptcy probability within 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%highest value
01-2025: 2.6%● unchanged vs 12-2024highest value
02-2025: 2.6%● unchanged vs 01-2025highest value
03-2025: 2.6%● unchanged vs 02-2025highest value
04-2025: 2.6%● unchanged vs 03-2025highest value
05-2025: 2.6%● unchanged vs 04-2025highest value
06-2025: 2.6%● unchanged vs 05-2025highest value
07-2025: 2.6%● unchanged vs 06-2025highest value
08-2025: 2.6%● unchanged vs 07-2025highest value
09-2025: 2.6%● unchanged vs 08-2025highest value
10-2025: 2.6%● unchanged vs 09-2025highest value
11-2025: 2.6%● unchanged vs 10-2025highest value
12-2025: 2.6%● unchanged vs 11-2025highest value
01-2026: 2.6%● unchanged vs 12-2025highest value
02-2026: 2.6%● unchanged vs 01-2026highest value
03-2026: 2.6%● unchanged vs 02-2026highest value
04-2026: 2.6%● unchanged vs 03-2026highest value
05-2026: 2.6%● unchanged vs 04-2026highest value
06-2026: 2.6%● unchanged vs 05-2026lowest value
07-2026: 2.6%● unchanged vs 06-2026lowest value
08-2026: 2.6%● unchanged vs 07-2026lowest value
09-2026: 2.6%● unchanged vs 08-2026lowest value
10-2026: 2.6%● unchanged vs 09-2026lowest value
11-2026: 2.6%● unchanged vs 10-2026lowest value
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Signals
Six signals.
lowers riskraises riskneutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 year end31-07-2022 deadline05-11-2026 today
raises risk · 2020 accounts filed 59 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-09-2021, 59 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
59 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 64 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2020, micro format
2021 annual accounts not yet filed, deadline passed on 31 July 2022 The financial year closed on 31 December 2021. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 5 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2020 filed on 28-09-2021 PDF all 11 filings
Turnover
≈ €81,000
Estimated: probably between €39,000 and €160,000
Total assets
€35,006▼ 45.8%
2019 · €64,641
Net result
€10,155
2019 · -€82
Working capital
€19,066▼ 28.5%
2019 · €26,682
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
€15,793
▲ 323%
2020
20182020
Net result
€10,155
2020
middle half of the sector
20182020
Equity
€19,066
▲ 114%
2020
lowest quarter of the sector
20182020
Total assets
€35,006
▼ 45.8%
2020
lowest quarter of the sector
20182020
Debt
€15,940
▼ 71.4%
2020
20182020
Working capital
€19,066
▼ 28.5%
2020
middle half of the sector
20182020
Solvency
54.5%
▲ 40.7pp
2020
middle half of the sector
20182020
Current ratio
2.20
▼ 0.09
2020
middle half of the sector
20182020
Return on assets (ROA)
29.0%
▲ 29.1pp
2020
highest quarter of the sector
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result€6,745-€3,737▼ 44.6%€15,793▲ 323%
Net result€2,769--€82€10,155within the sector's middle half
Equity€8,993-€8,911▼ 0.9%€19,066below the sector's middle half▲ 114%
Total assets€63,318-€64,641▲ 2.1%€35,006below the sector's middle half▼ 45.8%
Debt€52,575-€55,730▲ 6.0%€15,940▼ 71.4%
Working capital€29,755-€26,682▼ 10.3%€19,066within the sector's middle half▼ 28.5%
Solvency14.2%-13.8%▼ 0.4pp54.5%within the sector's middle half▲ 40.7pp
Current ratio3.78-2.28▼ 1.492.20within the sector's middle half▼ 0.09
Return on assets (ROA)4.4%--0.1%▼ 4.5pp29.0%above the sector's middle half▲ 29.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2020 is over 4.2 times that of 2019 and the highest since 2018. It is a recovery after the fall in 2019.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €35,006
Equity
€19,066 ▲ 114%
Debt
€15,940 ▼ 71.4%
Debt's share of the balance-sheet total falls from 86.2% to 45.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
53.3%▲
2019 · -0.9%
Debt ≤ 1 year
€15,940▼
2019 · €20,770
Income taxes
€4,389▲
2019 · €1,069
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,349 | €5,660 | - | - |
| Gross operating margin9900 | €14,110 | €8,870 | €17,224 | ▲ 94.2% |
| Operating profit (loss)9901 | €6,745 | €3,737 | €15,793 | ▲ 323% |
| Recurring financial charges65 | €1,605 | €2,750 | €1,249 | ▼ 54.6% |
| Profit (loss) for the period before taxes9903 | €5,140 | €987 | €14,543 | ▲ 15× |
| Income taxes67/77 | €2,371 | €1,069 | €4,389 | ▲ 310% |
| Profit (loss) for the period9904 | €2,769 | -€82 | €10,155 | - |
| Profit (loss) for the period to be appropriated9905 | €2,769 | -€82 | €10,155 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €63,318 | €64,641 | €35,006 | ▼ 45.8% |
| Fixed assets21/28 | €22,849 | €17,189 | - | - |
| Tangible fixed assets22/27 | €22,849 | €17,189 | - | - |
| Current assets29/58 | €40,469 | €47,451 | €35,006 | ▼ 26.2% |
| Amounts receivable within one year40/41 | €40,318 | €47,265 | €15,628 | ▼ 66.9% |
| Cash at bank and in hand54/58 | €10 | €54 | €19,318 | ▲ 356× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €63,318 | €64,641 | €35,006 | ▼ 45.8% |
| Equity10/15 | €8,993 | €8,911 | €19,066 | ▲ 114% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €138 | €138 | €138 | = |
| Profit (loss) carried forward14 | €2,655 | €2,573 | €12,727 | ▲ 395% |
| Provisions and deferred taxes16 | €1,750 | - | - | - |
| Amounts payable17/49 | €52,575 | €55,730 | €15,940 | ▼ 71.4% |
| Amounts payable after more than one year17 | €41,289 | €34,960 | - | - |
| Amounts payable within one year42/48 | €10,714 | €20,770 | €15,940 | ▼ 23.3% |
| Trade debts44 | €356 | €6,805 | €1,726 | ▼ 74.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,769 | -€82 | €10,155 | - |
| + Depreciation and write-downs630 | €5,349 | €5,660 | - | - |
| Operating cash flow (approximation) | €8,119 | €5,577 | €10,155 | ▲ 82.1% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €44 | €19,263 | ▲ 440× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 28-09-2021 | 2021-68600032 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-61300417 | |
| 31-12-2018 | micro format | 29-09-2019 | 2019-68200393 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-51800229 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-52300145 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-63600361 | |
| 31-12-2013 | abbreviated format | 04-09-2014 | 2014-56200122 | |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-49000014 | |
| 31-12-2009 | abbreviated format | 29-11-2010 | 2010-61500340 | |
| 31-12-2008 | abbreviated format | 31-10-2009 | 2009-84100016 |
Timeline
Deeds, filings and financial milestones
2025
06-03
General meeting · Auditor report
2024
09-10
Permanent representative · Amendment of the articles
2022
08-12
Capital conversion · Reserve release
2021
28-09
micro format · 59 days late
2020
31-12
Financial
Back to profitnet €10,155
The net result is €10,155, after one loss-making year.
08-10
micro format · 69 days late
2019
31-12
Financial
Weakest financial yearnet -€82
The net result drops to -€82, the lowest from 2018 to 2020. It recovers the following year.
29-09
micro format · 60 days late
2018
29-08
micro format · 29 days late
2017
31-08
micro format · 31 days late
2016
30-09
abbreviated format · 61 days late
2014
04-09
abbreviated format · 35 days late
Show earlier events
2013
28-08
abbreviated format · 28 days late
2010
29-11
abbreviated format · 121 days late
2009
31-10
abbreviated format · 92 days late
2006
25-08
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
K2F in Dutch
Name in the Peppol Directory
EquiTax by K2F
Enterprise number
0883.027.820
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
11-08-2006
Entity type
Legal entity
Registered office and establishments
Registered office
Hombergstraat 12, 3201 Aarschot, Belgium
Activities
NACEBEL 202570200
Business and other management consultancy main activity
68310
Real estate agency activities
Codes under NACEBEL 2008
70220
Business consulting main activity
68311
Real estate activities
Codes under NACEBEL 2003
74142
main activity
70311
Invoicing and payment
VAT number
BE 0883.027.820
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
996 m²
Building footprint
177 m²
Building volume
944 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24652G0279/00N000 | Flanders | 996 m² | 1 · 177 m² | 7.1 m · 2 |