K4Y SERVICES
ActiveSummary
K4Y SERVICES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €406k. Equity is growing by ~79.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-3
Solvency83▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 0.87 in 2024; short-term debt: 28.2% and cash: 24% of total assets), and 42% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58%
Return on assets
22.9%
Age of the figures
9 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 08-04-2026, 114 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
114 d early
2024
45 d early
2023
56 d early
2022
53 d early
2021
52 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.03M▲ 33.2%
2024 · €771k
2021: €106klowest in 5 years
2022: €233k▲ +120% vs 2021
2023: €360k▲ +54.3% vs 2022
2024: €771k▲ +114% vs 2023
2025: €1.03M▲ +33.2% vs 2024highest in 5 years
2021 → 2025
Total assets
€1.77M▲ 21.0%
2024 · €1.46M
2021: €331klowest in 5 years
2022: €574k▲ +73.4% vs 2021
2023: €816k▲ +42.2% vs 2022
2024: €1.46M▲ +79.2% vs 2023
2025: €1.77M▲ +21.0% vs 2024highest in 5 years
2021 → 2025
Net result
€406k▼ 6.9%
2024 · €436k
2021: €96klowest in 5 years
2022: €127k▲ +32.2% vs 2021
2023: €127k▼ -0.4% vs 2022
2024: €436k▲ +245% vs 2023highest in 5 years
2025: €406k▼ -6.9% vs 2024
2021 → 2025
Working capital
€193k
2024 · €-55k
2021: €-29k
2022: €6k▲ +121% vs 2021
2023: €77k▲ +1136% vs 2022
2024: €-55k▼ -172% vs 2023lowest in 5 years
2025: €193k▲ +449% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€233k▲ 120%€360k▲ 54.3%€771k▲ 114%€1.03M▲ 33.2%
2021: €106klowest in 5 years
2022: €233k▲ +120% vs 2021
2023: €360k▲ +54.3% vs 2022
2024: €771k▲ +114% vs 2023
2025: €1.03M▲ +33.2% vs 2024highest in 5 years
Operating result€124k-€154k▲ 24.4%€189k▲ 22.7%€613k▲ 224%€560k▼ 8.8%
2021: €124klowest in 5 years
2022: €154k▲ +24.4% vs 2021
2023: €189k▲ +22.7% vs 2022
2024: €613k▲ +224% vs 2023highest in 5 years
2025: €560k▼ -8.8% vs 2024
Net result€96k-€127k▲ 32.2%€127k▼ 0.4%€436k▲ 245%€406k▼ 6.9%
2021: €96klowest in 5 years
2022: €127k▲ +32.2% vs 2021
2023: €127k▼ -0.4% vs 2022
2024: €436k▲ +245% vs 2023highest in 5 years
2025: €406k▼ -6.9% vs 2024
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 falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.77M
Fixed assets
€1.08M ▼ 1.4%
Current assets
€692k ▲ 87.5%
Equity and liabilities €1.77M
Equity
€1.03M ▲ 33.2%
Debt
€744k ▲ 7.5%
Debt's share of the balance-sheet total falls from 47.3% to 42.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€632k▼
2024 · €761k
Cash flow
€478k▼
2024 · €583k
Current ratio
1.39▲
2024 · 0.87
Quick ratio
1.23▲
2024 · 0.67
Debt to equity
0.72▼
2024 · 0.90
ROE
39.5%▼
2024 · 56.6%
ROA
22.9%▼
2024 · 29.8%
Interest coverage
55.03▲
2024 · 23.07
Debt ≤ 1 year
€499k▲
2024 · €425k
Debt > 1 year
€237k▼
2024 · €264k
Income taxes
€143k▼
2024 · €145k
Staff costs
€75k▲
2024 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.46M€1.77M▲
Fixed assets21/28€1.09M€1.08M▼
Intangible fixed assets21€33k€27k▼
Tangible fixed assets22/27€1.06M€1.05M▼
Land and buildings22€972k€948k▼
Plant, machinery and equipment23€31k€66k▲
Furniture and vehicles24€55k€36k▼
Financial fixed assets28€2k€2k=
Current assets29/58€369k€692k▲
Stocks and contracts in progress3€84k€79k▼
Stocks30/36€84k€79k▼
Amounts receivable within one year40/41€138k€188k▲
Trade receivables40€138k€187k▲
Other amounts receivable41€290€1k▲
Cash at bank and in hand54/58€142k€425k▲
Deferred charges and accrued income490/1€5k€204▼
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.77M▲
Equity10/15€771k€1.03M▲
Contributions10/11€10k€10k=
Reserves13€761k€1.02M▲
Distributable reserves133€761k€1.02M▲
Amounts payable17/49€692k€744k▲
Amounts payable after more than one year17€264k€237k▼
Financial debts170/4€264k€237k▼
Amounts payable within one year42/48€425k€499k▲
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€22k€27k▲
Suppliers440/4€22k€27k▲
Taxes, remuneration and social security45€53k€24k▼
Taxes450/3€39k€8k▼
Remuneration and social security454/9€15k€16k▲
Other amounts payable47/48€323k€421k▲
Accrued charges and deferred income492/3€3k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€72k€75k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€147k€72k▼
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€837k€712k▼
Operating profit (loss)9901€613k€560k▼
Financial income75/76B€390€635▲
Recurring financial income75€390€635▲
Financial charges65/66B€33k€11k▼
Recurring financial charges65€33k€11k▼
Profit (loss) for the period before taxes9903€581k€549k▼
Income taxes67/77€145k€143k▼
Profit (loss) for the period9904€436k€406k▼
Profit (loss) for the period to be appropriated9905€436k€406k▼
Appropriation of the result
Profit (loss) to be appropriated9906€436k€406k▼
Transfer to equity691/2€411k€256k▼
To other reserves6921€411k€256k▼
Profit to be distributed694/7€25k€150k▲
Return on contributions (dividend)694€25k€150k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €42k | €64k | €72k | €72k | €75k | ▲ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €32k | €54k | €147k | €72k | ▼ 50.9% |
| Other operating charges640/8 | €2k | €998 | €1k | €2k | €4k | ▲ 121% |
| Non-recurring operating charges66A | - | - | - | €2k | - | - |
| Gross operating margin9900 | €205k | €251k | €316k | €837k | €712k | ▼ 15.0% |
| Operating profit (loss)9901 | €124k | €154k | €189k | €613k | €560k | ▼ 8.8% |
| Financial income75/76B | €101 | €488 | €321 | €390 | €635 | ▲ 62.8% |
| Recurring financial income75 | €101 | €488 | €321 | €390 | €635 | ▲ 62.8% |
| Financial charges65/66B | €386 | €1k | €13k | €33k | €11k | ▼ 65.2% |
| Recurring financial charges65 | €386 | €1k | €13k | €33k | €11k | ▼ 65.2% |
| Profit (loss) for the period before taxes9903 | €124k | €153k | €177k | €581k | €549k | ▼ 5.5% |
| Income taxes67/77 | €28k | €26k | €50k | €145k | €143k | ▼ 1.3% |
| Profit (loss) for the period9904 | €96k | €127k | €127k | €436k | €406k | ▼ 6.9% |
| Profit (loss) for the period to be appropriated9905 | €96k | €127k | €127k | €436k | €406k | ▼ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €331k | €574k | €816k | €1.46M | €1.77M | ▲ 21.0% |
| Fixed assets21/28 | €144k | €422k | €531k | €1.09M | €1.08M | ▼ 1.4% |
| Intangible fixed assets21 | €51k | €45k | €39k | €33k | €27k | ▼ 18.2% |
| Tangible fixed assets22/27 | €91k | €375k | €490k | €1.06M | €1.05M | ▼ 0.9% |
| Land and buildings22 | - | €294k | €370k | €972k | €948k | ▼ 2.5% |
| Plant, machinery and equipment23 | €52k | €52k | €51k | €31k | €66k | ▲ 112% |
| Furniture and vehicles24 | €39k | €29k | €70k | €55k | €36k | ▼ 35.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €187k | €152k | €285k | €369k | €692k | ▲ 87.5% |
| Stocks and contracts in progress3 | - | - | - | €84k | €79k | ▼ 6.0% |
| Stocks30/36 | - | - | - | €84k | €79k | ▼ 6.0% |
| Amounts receivable within one year40/41 | €121k | €84k | €231k | €138k | €188k | ▲ 36.2% |
| Trade receivables40 | €121k | €54k | €231k | €138k | €187k | ▲ 35.7% |
| Other amounts receivable41 | - | €30k | €54 | €290 | €1k | ▲ 285% |
| Cash at bank and in hand54/58 | €66k | €67k | €54k | €142k | €425k | ▲ 199% |
| Deferred charges and accrued income490/1 | - | - | - | €5k | €204 | ▼ 95.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €331k | €574k | €816k | €1.46M | €1.77M | ▲ 21.0% |
| Equity10/15 | €106k | €233k | €360k | €771k | €1.03M | ▲ 33.2% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | €96k | €223k | €350k | €761k | €1.02M | ▲ 33.6% |
| Distributable reserves133 | €96k | €223k | €350k | €761k | €1.02M | ▲ 33.6% |
| Amounts payable17/49 | €225k | €341k | €456k | €692k | €744k | ▲ 7.5% |
| Amounts payable after more than one year17 | €7k | €191k | €248k | €264k | €237k | ▼ 10.1% |
| Financial debts170/4 | €7k | €191k | €248k | €264k | €237k | ▼ 10.1% |
| Amounts payable within one year42/48 | €216k | €145k | €208k | €425k | €499k | ▲ 17.5% |
| Current portion of amounts payable after more than one year42 | €5k | €13k | €28k | €26k | €27k | ▲ 3.8% |
| Trade debts44 | €35k | €26k | €73k | €22k | €27k | ▲ 23.1% |
| Suppliers440/4 | €35k | €26k | €73k | €22k | €27k | ▲ 23.1% |
| Advances received on contracts in progress46 | - | - | €59k | - | - | - |
| Taxes, remuneration and social security45 | €41k | €48k | €31k | €53k | €24k | ▼ 55.5% |
| Taxes450/3 | €30k | €34k | €17k | €39k | €8k | ▼ 79.6% |
| Remuneration and social security454/9 | €11k | €14k | €14k | €15k | €16k | ▲ 8.9% |
| Other amounts payable47/48 | €135k | €59k | €16k | €323k | €421k | ▲ 30.3% |
| Accrued charges and deferred income492/3 | €1k | €4k | €904 | €3k | €8k | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €127k | €127k | €436k | €406k | ▼ 6.9% |
| + Depreciation and write-downs630 | €37k | €32k | €54k | €147k | €72k | ▼ 50.9% |
| Operating cash flow (approximation) | €133k | €159k | €180k | €583k | €478k | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | €-310k | €-163k | €-709k | €-57k | ▲ 92.0% |
| Change in cash | - | €2k | €-14k | €89k | €283k | ▲ 219% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.03M ▲33.2%
5 profitable years in a row build equity to €1.03M.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €436k ▲245%
Operating result €613k, net result €436k, both a record.
31-12
Financial
Equity above €500kEq €771k ▲114%
4 profitable years in a row build equity to €771k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €233k ▲120%
2 profitable years in a row build equity to €233k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zuienkerke · 1 establishment unit since 2020
Ground area
521 m²
Building footprint
118 m²
Volume, LiDAR
599 m³
Parcel 31042D0067/00Y002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K4Y SERVICES
since 20202.304.767.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31042D0067/00Y002 | Flanders | 521 m² | 1 · 118 m² | 9.8 m · 2 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 2025 · 3 entries · 1,784 EUR awarded · 1,784 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 386 EUR | 386 EUR |
| 2024 | 1 | 660 EUR | 660 EUR |
| 2022 | 1 | 738 EUR | 738 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,714 companies in sector 33120 we hold annual accounts for 1,344. 686 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
Founded29-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-mail
korneel.vdb@hotmail.com
Phone
0495708460
Scores and ratios are computed by Checked and are not a credit decision.