K2S
ActiveSummary
K2S has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203,808 and a net result of -€15,102. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-13
Solvency52▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 1.09 in 2024; short-term debt: 32.3% and cash: 9.4% of total assets), and 73.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
7 d late
2024
61 d late
2023
36 d early
2022
on the day
2021
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€15,102
2024 · €51,897
Working capital
-€78,159
2024 · €31,966
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€153,900-€81,823▼ 46.8%€73,432▼ 10.3%€239,365▲ 226%€118,169▼ 50.6%
Net result€116,441-€57,199▼ 50.9%-€9,127€51,897-€15,102
Equity€118,941-€176,140▲ 48.1%€167,013▼ 5.2%€218,909▲ 31.1%€203,808▼ 6.9%
Total assets€301,234-€465,472▲ 54.5%€479,317▲ 3.0%€828,628▲ 72.9%€759,282▼ 8.4%
Debt€182,293-€289,332▲ 58.7%€312,304▲ 7.9%€609,718▲ 95.2%€555,474▼ 8.9%
Working capital€91,656-€61,344▼ 33.1%€33,691▼ 45.1%€31,966▼ 5.1%-€78,159
Why a figure moved sharply
- 2024 Total assets +73% on 2023. Cause not known from the registers.
- 2022 Total assets +55% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €759,282
Fixed assets
€592,481 ▲ 30.8%
Current assets
€166,801 ▼ 55.6%
Equity and liabilities €759,282
Equity
€203,808 ▼ 6.9%
Debt
€555,474 ▼ 8.9%
Debt's share of the balance-sheet total falls from 73.6% to 73.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€173,414▼
2024 · €281,842
Cash flow
€40,143▼
2024 · €94,374
Current ratio
0.68▼
2024 · 1.09
Debt to equity
2.73▼
2024 · 2.79
ROE
-7.4%▼
2024 · 23.7%
ROA
-2.0%▼
2024 · 6.3%
Interest coverage
1.35▼
2024 · 1.71
Debt ≤ 1 year
€244,961▼
2024 · €343,601
Debt > 1 year
€310,513▲
2024 · €266,117
Income taxes
€5,125▼
2024 · €22,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 745 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
1.2%
went bankrupt
1.9%
stopped otherwise
97%
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 0.4% 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 745 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,071 | €30,690 | €46,891 | €42,478 | €55,245 | ▲ 30.1% |
| Other operating charges640/8 | €1,241 | €2,581 | €2,222 | €3,682 | €8,519 | ▲ 131% |
| Gross operating margin9900 | €199,212 | €115,094 | €122,544 | €285,525 | €181,932 | ▼ 36.3% |
| Operating profit (loss)9901 | €153,900 | €81,823 | €73,432 | €239,365 | €118,169 | ▼ 50.6% |
| Financial income75/76B | - | - | €3,612 | - | - | - |
| Recurring financial income75 | - | - | €3,612 | - | - | - |
| Financial charges65/66B | €2,797 | €820 | €85,719 | €165,177 | €128,145 | ▼ 22.4% |
| Recurring financial charges65 | €2,797 | €820 | €85,719 | €165,177 | €128,145 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €151,103 | €81,003 | -€8,675 | €74,187 | -€9,977 | ▼ 113% |
| Income taxes67/77 | €34,662 | €23,804 | €452 | €22,291 | €5,125 | ▼ 77.0% |
| Profit (loss) for the period9904 | €116,441 | €57,199 | -€9,127 | €51,897 | -€15,102 | ▼ 129% |
| Profit (loss) for the period to be appropriated9905 | €116,441 | €57,199 | -€9,127 | €51,897 | -€15,102 | ▼ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €301,234 | €465,472 | €479,317 | €828,628 | €759,282 | ▼ 8.4% |
| Fixed assets21/28 | €115,621 | €284,346 | €347,940 | €453,060 | €592,481 | ▲ 30.8% |
| Intangible fixed assets21 | - | €48,000 | €36,000 | €24,000 | €12,000 | ▼ 50.0% |
| Tangible fixed assets22/27 | €115,621 | €236,346 | €311,940 | €429,060 | €580,481 | ▲ 35.3% |
| Land and buildings22 | €94,260 | €211,198 | €295,634 | €365,061 | €468,791 | ▲ 28.4% |
| Plant, machinery and equipment23 | - | €2,259 | €134 | - | - | - |
| Furniture and vehicles24 | €15,341 | €11,197 | €4,739 | €18,599 | €71,383 | ▲ 284% |
| Other tangible fixed assets26 | €6,020 | €11,692 | €11,434 | €45,401 | €40,307 | ▼ 11.2% |
| Current assets29/58 | €185,613 | €181,126 | €131,376 | €375,568 | €166,801 | ▼ 55.6% |
| Amounts receivable after more than one year29 | - | - | €26,892 | - | - | - |
| Other amounts receivable291 | - | - | €26,892 | - | - | - |
| Amounts receivable within one year40/41 | €170,408 | €157,126 | €95,958 | €371,937 | €93,188 | ▼ 74.9% |
| Trade receivables40 | €15,125 | €31,133 | €68,556 | €357,244 | €76,500 | ▼ 78.6% |
| Other amounts receivable41 | €155,283 | €125,993 | €27,402 | €14,693 | €16,688 | ▲ 13.6% |
| Cash at bank and in hand54/58 | €14,349 | €23,130 | €7,285 | €1,896 | €71,432 | ▲ 3,668% |
| Deferred charges and accrued income490/1 | €856 | €870 | €1,241 | €1,735 | €2,181 | ▲ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €301,234 | €465,472 | €479,317 | €828,628 | €759,282 | ▼ 8.4% |
| Equity10/15 | €118,941 | €176,140 | €167,013 | €218,909 | €203,808 | ▼ 6.9% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Capital10 | - | €2,500 | - | - | - | - |
| Issued capital100 | - | €2,500 | - | - | - | - |
| Reserves13 | - | €57,199 | €57,199 | €109,096 | €109,096 | = |
| Distributable reserves133 | - | €57,199 | €57,199 | €109,096 | €109,096 | = |
| Profit (loss) carried forward14 | €116,441 | €116,441 | €107,314 | €107,314 | €92,212 | ▼ 14.1% |
| Amounts payable17/49 | €182,293 | €289,332 | €312,304 | €609,718 | €555,474 | ▼ 8.9% |
| Amounts payable after more than one year17 | €88,336 | €169,550 | €214,619 | €266,117 | €310,513 | ▲ 16.7% |
| Financial debts170/4 | €88,336 | €169,550 | €214,619 | €266,117 | €310,513 | ▲ 16.7% |
| Amounts payable within one year42/48 | €93,957 | €119,782 | €97,685 | €343,601 | €244,961 | ▼ 28.7% |
| Current portion of amounts payable after more than one year42 | €53,371 | €18,083 | €38,526 | €40,572 | €45,622 | ▲ 12.4% |
| Trade debts44 | €23,840 | €41,604 | €7,913 | €27,047 | €14,940 | ▼ 44.8% |
| Suppliers440/4 | €23,840 | €41,604 | €7,913 | €27,047 | €14,940 | ▼ 44.8% |
| Advances received on contracts in progress46 | - | - | €15,125 | - | - | - |
| Taxes, remuneration and social security45 | €16,746 | €40,096 | €16,121 | €28,249 | €17,623 | ▼ 37.6% |
| Taxes450/3 | €16,746 | €40,096 | €16,121 | €28,249 | €17,623 | ▼ 37.6% |
| Other amounts payable47/48 | - | €20,000 | €20,000 | €247,734 | €166,776 | ▼ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,441 | €57,199 | -€9,127 | €51,897 | -€15,102 | ▼ 129% |
| + Depreciation and write-downs630 | €29,071 | €30,690 | €46,891 | €42,478 | €55,245 | ▲ 30.1% |
| Operating cash flow (approximation) | €145,512 | €87,890 | €37,764 | €94,374 | €40,143 | ▼ 57.5% |
| Investment in fixed assets (approximation) | - | -€199,416 | -€110,485 | -€147,598 | -€194,665 | ▼ 31.9% |
| Change in cash | - | €8,780 | -€15,845 | -€5,389 | €69,536 | ▲ 1,390% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Weakest financial yearnet -€15,102
Net result drops to -€15,102, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €51,897
Net result €51,897 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €218,909 ▲31.1%
Equity rises from €167,013 to €218,909.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150,000Eq €176,140 ▲48.1%
2 profitable years in a row build equity to €176,140.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
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, Châtelet · 1 establishment unit since 2020
Ground area
80 m²
Building footprint
59 m²
Volume, LiDAR
629 m³
Parcel 52012A0711/00B000, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
K2S
since 20202.307.810.043
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52012A0711/00B000 | Wallonia | 80 m² | 1 · 58 m² | 13.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900LCNOCNUP08LH34
Similar companies · same sector, comparable size
SYNITY
BE 0837.250.847
Grimbergen · Eq €203,827
Arnaud CHAVANNE- Legal Counsel & Certified Tax Accountant
BE 0849.433.453
Ans · Eq €203,782
YELLA
BE 0660.792.011
Beringen · Eq €203,839
Serendipia
BE 0561.881.507
Ranst · Eq €203,842
PROCURAM
BE 0830.958.616
Gent · Eq €203,768
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,013 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
Founded28-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
silvio@bsb.group
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753451854
Also
9925:BE0753451854
Registered
23-06-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.