K4
ActiveSummary
K4 has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €128,767 and a net result of €4,197. Equity is growing by ~13.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-2
Solvency73▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.51 in 2023; short-term debt: 44.7% and cash: 29% of total assets), and 52% 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
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 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48%
Return on assets
1.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
58 d early
2023
56 d early
2022
34 d early
2021
24 d late
2020
30 d early
2019
30 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 31 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% 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. Usually files around 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 oldest company in Flemish Brabant, Energy sector
Equity
€128,767▼ 10.3%
2023 · €143,570
Total assets
€268,128▲ 8.9%
2023 · €246,278
Net result
€4,197▼ 52.4%
2023 · €8,820
Working capital
-€38,741▲ 1.7%
2023 · -€39,413
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€14,210▲ 4.3%€24,588€39,477▲ 60.6%€11,606▼ 70.6%€8,275▼ 28.7%
Net result-€11,008below the sector's middle half▲ 0.5%€27,777within the sector's middle half€39,100within the sector's middle half▲ 40.8%€8,820within the sector's middle half▼ 77.4%€4,197within the sector's middle half▼ 52.4%
Equity€67,873below the sector's middle half▼ 6.2%€95,651below the sector's middle half▲ 40.9%€134,750below the sector's middle half▲ 40.9%€143,570within the sector's middle half▲ 6.5%€128,767within the sector's middle half▼ 10.3%
Total assets€255,701below the sector's middle half▼ 1.4%€299,891below the sector's middle half▲ 17.3%€330,137below the sector's middle half▲ 10.1%€246,278within the sector's middle half▼ 25.4%€268,128within the sector's middle half▲ 8.9%
Debt€155,609▲ 7.3%€175,243▲ 12.6%€169,613▼ 3.2%€80,155▼ 52.7%€120,030▲ 49.7%
Working capital-€143,039below the sector's middle half▼ 12.3%-€113,720within the sector's middle half▲ 20.5%-€60,114within the sector's middle half▲ 47.1%-€39,413below the sector's middle half▲ 34.4%-€38,741below the sector's middle half▲ 1.7%
Solvency26.5%within the sector's middle half▼ 1.4pp31.9%within the sector's middle half▲ 5.4pp40.8%within the sector's middle half▲ 8.9pp58.3%within the sector's middle half▲ 17.5pp48.0%within the sector's middle half▼ 10.3pp
Current ratio0.08below the sector's middle half▼ 0.030.35below the sector's middle half▲ 0.270.64below the sector's middle half▲ 0.300.51below the sector's middle half▼ 0.140.68below the sector's middle half▲ 0.17
Return on assets (ROA)-4.3%below the sector's middle half=9.3%above the sector's middle half▲ 13.6pp11.8%above the sector's middle half▲ 2.6pp3.6%within the sector's middle half▼ 8.3pp1.6%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, 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; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €268,128
Fixed assets
€186,968 ▼ 9.2%
Current assets
€81,160 ▲ 101%
Equity and liabilities €268,128
Equity
€128,767 ▼ 10.3%
Provisions
€19,331 ▼ 14.3%
Debt
€120,030 ▲ 49.7%
Debt's share of the balance-sheet total rises from 32.5% to 44.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28,090▼
2023 · €32,703
Cash flow
€24,012▼
2023 · €29,916
Debt to equity
0.93▲
2023 · 0.56
ROE
3.3%▼
2023 · 6.1%
Interest coverage
190.51▼
2023 · 267.79
Debt ≤ 1 year
€119,900▲
2023 · €79,820
Debt > 1 year
€130▼
2023 · €335
Income taxes
€7,158▲
2023 · €5,904
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 17,040 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,839 | €24,788 | €21,056 | €21,096 | €19,815 | ▼ 6.1% |
| Other operating charges640/8 | - | €2,111 | €9,401 | €0 | €1,805 | - |
| Non-recurring operating charges66A | - | - | €179 | €0 | - | - |
| Gross operating margin9900 | €5,612 | €51,487 | €70,113 | €32,703 | €29,896 | ▼ 8.6% |
| Operating profit (loss)9901 | -€14,210 | €24,588 | €39,477 | €11,606 | €8,275 | ▼ 28.7% |
| Financial income75/76B | - | €0 | €1 | €18 | €6 | ▼ 68.4% |
| Recurring financial income75 | - | €0 | €1 | €18 | €6 | ▼ 68.4% |
| Financial charges65/66B | - | €33 | €43 | €122 | €147 | ▲ 20.7% |
| Recurring financial charges65 | €20 | €33 | €43 | €122 | €147 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | -€14,230 | €24,555 | €39,434 | €11,502 | €8,133 | ▼ 29.3% |
| Transfer from deferred taxes780 | - | €3,222 | €3,222 | €3,222 | €3,222 | = |
| Income taxes67/77 | - | - | €3,557 | €5,904 | €7,158 | ▲ 21.3% |
| Profit (loss) for the period9904 | -€11,008 | €27,777 | €39,100 | €8,820 | €4,197 | ▼ 52.4% |
| Transfer from tax-exempt reserves789 | - | €9,666 | €9,666 | €9,666 | €9,666 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €0 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€1,342 | €37,443 | €48,765 | €18,485 | €13,862 | ▼ 25.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €255,701 | €299,891 | €330,137 | €246,278 | €268,128 | ▲ 8.9% |
| Fixed assets21/28 | €243,496 | €239,222 | €221,549 | €205,871 | €186,968 | ▼ 9.2% |
| Tangible fixed assets22/27 | €243,496 | €239,222 | €221,549 | €205,871 | €186,968 | ▼ 9.2% |
| Land and buildings22 | - | €231,702 | €216,164 | €201,913 | €183,911 | ▼ 8.9% |
| Plant, machinery and equipment23 | - | €4,858 | €3,401 | €2,652 | €2,430 | ▼ 8.4% |
| Furniture and vehicles24 | - | €2,662 | €1,984 | €1,306 | €627 | ▼ 52.0% |
| Current assets29/58 | €12,204 | €60,669 | €108,588 | €40,407 | €81,160 | ▲ 101% |
| Amounts receivable within one year40/41 | €5,445 | €24,184 | €11,812 | €5,483 | €3,020 | ▼ 44.9% |
| Trade receivables40 | - | €22,391 | €5,992 | €375 | €944 | ▲ 152% |
| Other amounts receivable41 | - | €1,793 | €5,821 | €5,108 | €2,076 | ▼ 59.4% |
| Cash at bank and in hand54/58 | €6,295 | €35,402 | €89,610 | €34,648 | €77,731 | ▲ 124% |
| Deferred charges and accrued income490/1 | - | €1,083 | €7,167 | €276 | €409 | ▲ 47.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €255,701 | €299,891 | €330,137 | €246,278 | €268,128 | ▲ 8.9% |
| Equity10/15 | €67,873 | €95,651 | €134,750 | €143,570 | €128,767 | ▼ 10.3% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €1,000 | ▼ 95.0% |
| Reserves13 | €98,514 | €88,849 | €114,750 | €123,570 | €127,767 | ▲ 3.4% |
| Tax-exempt reserves132 | - | €86,990 | €77,324 | €67,659 | €57,993 | ▼ 14.3% |
| Distributable reserves133 | - | €1,859 | €37,426 | €55,911 | €69,773 | ▲ 24.8% |
| Profit (loss) carried forward14 | -€50,641 | -€13,198 | - | €0 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €32,218 | €28,997 | €25,775 | €22,553 | €19,331 | ▼ 14.3% |
| Deferred taxes168 | - | €28,997 | €25,775 | €22,553 | €19,331 | ▼ 14.3% |
| Amounts payable17/49 | €155,609 | €175,243 | €169,613 | €80,155 | €120,030 | ▲ 49.7% |
| Amounts payable after more than one year17 | €365 | €375 | €910 | €335 | €130 | ▼ 61.2% |
| Other amounts payable178/9 | - | €375 | €910 | €335 | €130 | ▼ 61.2% |
| Amounts payable within one year42/48 | €155,244 | €174,388 | €168,703 | €79,820 | €119,900 | ▲ 50.2% |
| Trade debts44 | €7,635 | €3,878 | €7,010 | €1,027 | €2,603 | ▲ 154% |
| Suppliers440/4 | - | €3,878 | €7,010 | €1,027 | €2,603 | ▲ 154% |
| Taxes, remuneration and social security45 | - | €5,312 | €3,594 | €299 | €1,262 | ▲ 323% |
| Taxes450/3 | - | €5,312 | €3,594 | €299 | €1,262 | ▲ 323% |
| Other amounts payable47/48 | - | €165,198 | €158,098 | €78,495 | €116,035 | ▲ 47.8% |
| Accrued charges and deferred income492/3 | - | €480 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,008 | €27,777 | €39,100 | €8,820 | €4,197 | ▼ 52.4% |
| + Depreciation and write-downs630 | €17,839 | €24,788 | €21,056 | €21,096 | €19,815 | ▼ 6.1% |
| Operating cash flow (approximation) | €6,831 | €52,565 | €60,155 | €29,916 | €24,012 | ▼ 19.7% |
| Investment in fixed assets (approximation) | - | -€20,513 | -€3,383 | -€5,418 | -€912 | ▲ 83.2% |
| Change in cash | - | €29,107 | €54,208 | -€54,962 | €43,083 | ▲ 178% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €39,100 ▲40.8%
Operating result €39,477, net result €39,100, both a record.
31-12
Financial
Equity above €100,000Eq €134,750 ▲40.9%
2 profitable years in a row build equity to €134,750.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Back to profitnet €27,777
Net result €27,777 after 3 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Leuven · 1 establishment unit since 1996
Ground area
6,839 m²
Building footprint
480 m²
Volume, LiDAR
4,435 m³
Parcel 24504D1177/00W002, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
K4
since 19962.076.290.542
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504D1177/00W002 | Flanders | 6,839 m² | 1 · 480 m² | 10.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 214 EUR awarded · 214 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 101 EUR | 101 EUR |
| 2023 | 1 | 59 EUR | 59 EUR |
| 2022 | 1 | 54 EUR | 54 EUR |
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Of 814 companies in sector 35110 we hold annual accounts for 632. 336 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
Founded10-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457655007
Also
9925:BE0457655007
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.