Equity
€197,641 ▲ 74.0%
Equity rose in 2025 from €113,576 to €197,641.
KA CONSTRUCT
Overview
Lifetime
3 annual accounts with figures on one time axispeak €181,618 (2025)
€181,618▲ 65.5%
peak €84,066 (2025)
€84,066▲ 81.9%
peak €197,641 (2025)
€197,641▲ 74.0%
€154,762▲ 27.6%
Board1 name since 2022
Documentsfilings and deeds
26-06-202635 days before the deadline
2025micro format
Gross margin from €109,743 to €181,618Result from €46,203 to €84,066Registered office moved to Naninne 24-02Equity from €113,576 to €197,641Debts from €121,282 to €154,762Investments €108,929
Key points
from the 2025 annual accountsTurnover
≈ €600,000 estimated
The micro format states no turnover.
Investments
€108,586 2.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.66 was 1.05 in 2024
Short-term debts rose from €90,179 to €93,836.
Starting capital
€3,000 100 shares
Position in the sector
€84,066
Higher net result than 94% of companies in construction of buildings. Sector median €8,556 · 9,421 companies.
Checked score
68
Healthy
Financially stronger than 76% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,457 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.6%▼ -0.1 percentage points vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 2.2%▲ +0.6 percentage points vs 02-2025
04-2025: 2.6%▲ +0.4 percentage points vs 03-2025
05-2025: 3.2%▲ +0.6 percentage points vs 04-2025
06-2025: 3.2%● unchanged vs 05-2025
07-2025: 3.3%▲ +0.1 percentage points vs 06-2025
08-2025: 3.9%▲ +0.6 percentage points vs 07-2025
09-2025: 3.9%● unchanged vs 08-2025
10-2025: 3.9%● unchanged vs 09-2025
11-2025: 3.9%● unchanged vs 10-2025
12-2025: 3.9%● unchanged vs 11-2025
01-2026: 3.9%● unchanged vs 12-2025
02-2026: 3.9%● unchanged vs 01-2026
03-2026: 3.9%● unchanged vs 02-2026
04-2026: 4.8%▲ +0.9 percentage points vs 03-2026
05-2026: 5.7%▲ +0.9 percentage points vs 04-2026
06-2026: 5.8%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 5.4%▼ -0.4 percentage points vs 06-2026
08-2026: 5.2%▼ -0.2 percentage points vs 07-2026
09-2026: 5.2%● unchanged vs 08-2026
10-2026: 1.0%▼ -4.2 percentage points vs 09-2026lowest value
11-2026: 1.0%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
1 change of registered office in 24 months
Founded in 2022
lowers risk
Liquidity: current ratio 1.66, cash €81,675
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 65% of them on solvency, 73% on liquidity, 82% on profitability and 85% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as KA CONSTRUCT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
That fits the bankruptcy probability of KA CONSTRUCT itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for KA CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.66 (1.05 in 2024), above the usual 1.5. Short-term debt is 26.6% and cash 23.2% of total assets. 43.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
35 days early
2024
27 days early
2023
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 30 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- KINET Anthony Jean-Claude Odette Ghislain 100 sharesdeed of 18-11-2022
Recent changes
Registered office moved to Naninne
New registered office: rue des acquises 45 B 5100 Naninne · Previous registered office: Naninne rue du pré au loup 77 · General meeting of 30-01-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0793624603
Incorporation
Founding capital of €3,000, 100 shares · Founder: KINET Anthony Jean-Claude Odette Ghislain · Appointment: KINET Anthony Jean-Claude Odette Ghislain (director) · published on 18-11-2022 · Gazette deed
First establishment
Rue des Acquises 45, Namur
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KA CONSTRUCT Namur | €352,403 | €181,618 | 56.1% | - |
| DIM CONSTRUCT Profondeville | €359,643 | €171,833 | -13.0% | - |
| Lousaconstruct Zaventem | €353,188 | €182,372 | 28.4% | - |
| Dimi Plinke Sint-Katelijne-Waver | €334,618 | €196,719 | 18.0% | - |
| J&J PROJECT Moorslede | €388,134 | €183,254 | 58.4% | - |
| CUSIBATI Boussu | €362,417 | €169,243 | 59.6% | - |
| MAQASTENA Pittem | €343,363 | €167,024 | 41.8% | - |
These companies have the same main activity as KA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €335,000 and €388,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 16-11-2022Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.337.978.0335100 Namur, since 16-11-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2022
Annual accounts 2025
- €181,618▲ 65.5%
- €84,066▲ 81.9%
- €197,641▲ 74.0%
- €352,403▲ 50.0%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on KA CONSTRUCT
KA CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €141,019 in 2023 to €181,618 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-06-2026, 35 days before the deadline€181,618
▲ 65.5%
€115,340
▲ 81.3%
€84,066
▲ 81.9%
€61,863
▲ 15×
56.1%
▲ 7.7 percentage points
1.66
▲ 0.61
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €600,000. Estimated: probably between €420,000 and €920,000.
Balance sheet
balance sheet total €352,403 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
56.1%
Higher than 64% of 9,431 companies in 2025.
1.66
Higher than 49% of 9,179 companies in 2025.
23.9%
Higher than 79% of 9,251 companies in 2025.
KA CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
352,403 | 234,858 | 209,858 | |
21/28 |
196,704 | 140,487 | 78,612 | |
22/27 |
196,704 | 140,487 | 78,612 | |
23 |
33,371 | 41,541 | 37,704 | |
24 |
108,207 | 68,317 | 13,008 | |
25 |
27,207 | 0 | 18,750 | |
26 |
27,920 | 30,628 | 9,150 | |
29/58 |
155,699 | 94,371 | 131,246 | |
3 |
0 | 1,644 | - | |
30/36 |
0 | 1,644 | - | |
40/41 |
73,025 | 72,961 | 61,614 | |
40 |
67,008 | 56,337 | 53,759 | |
41 |
6,018 | 16,624 | 7,855 | |
54/58 |
81,675 | 17,051 | 66,167 | |
490/1 |
999 | 2,715 | 3,465 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
352,403 | 234,858 | 209,858 | |
10/15 |
197,641 | 113,576 | 68,231 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
194,641 | 110,576 | 65,231 | |
17/49 |
154,762 | 121,282 | 141,627 | |
17 |
57,459 | 27,053 | 12,410 | |
170/4 |
57,459 | 27,053 | 12,410 | |
42/48 |
93,836 | 90,179 | 129,217 | |
42 |
19,057 | 8,540 | 10,835 | |
44 |
7,757 | 4,266 | 6,281 | |
440/4 |
7,757 | 4,266 | 6,281 | |
45 |
1,811 | 1,776 | 3,367 | |
450/3 |
1,811 | 1,776 | 3,367 | |
47/48 |
65,210 | 75,596 | 108,735 | |
492/3 |
3,468 | 4,050 | - | |
| Income statement | ||||
9900 |
181,618 | 109,743 | 141,019 | |
630 |
52,711 | 37,148 | 40,682 | |
631/4 |
0 | -2,000 | 2,000 | |
640/8 |
13,567 | 10,970 | 13,589 | |
9901 |
115,340 | 63,624 | 84,747 | |
75/76B |
939 | 2,084 | 429 | |
75 |
939 | 2,084 | 429 | |
65/66B |
10,075 | 8,041 | 2,686 | |
65 |
10,075 | 8,041 | 2,686 | |
9903 |
106,204 | 57,667 | 82,490 | |
67/77 |
22,138 | 11,464 | 17,259 | |
9904 |
84,066 | 46,203 | 65,231 | |
9905 |
84,066 | 46,203 | 65,231 | |
| Appropriation of the result | ||||
9906 |
194,641 | 111,435 | 65,231 | |
14P |
110,576 | 65,231 | - | |
694/7 |
0 | 859 | - | |
694 |
0 | 859 | - | |
| Document | ||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 168,052 | 100,772 | 125,429 | ||
| 136,777 | 83,352 | 105,913 | ||
| 108,586 | 99,022 | 151,855 | ||
| 64,624 | -49,116 | - | ||
| 61,863 | 4,193 | 2,029 | ||
| 56.1% | 48.4% | 32.5% | ||
| 1.66 | 1.05 | 1.02 | ||
| 1.66 | 1.03 | 1.02 | ||
| 0.78 | 1.07 | 2.08 | ||
| 42.5% | 40.7% | 95.6% | ||
| 23.9% | 19.7% | 31.1% | ||
| 16.68 | 12.53 | 46.69 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €108,586 | €99,022 | €151,854 |
| Intangible fixed assets | - | - | €1 |
| Financial fixed assets | €0 | - | - |
| €52,711 | €37,148 | €40,682 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on KA CONSTRUCT
The operating result for 2025 is 81% higher than in 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 51.6% to 43.9%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 18-11-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 26-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 18-11-2022
Mandates through the years
1 name, the dashed line is todayBoard
Mandates as a list
- KINET Anthony Jean-Claude Odette Ghislain
- Director, appointed by deed of 18-11-2022, still in office
Control
This company
KA CONSTRUCT
Equity €197,641
Profit €84,066 in 2025
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €1,976 in 2025
- Source
- deed of 18-11-2022
Articles of association
deed of 18-11-2022 (in French)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs physiques ou morales actionnaires ou non, assemblee fixe nombre duree pouvoirs defaut duree censee sans…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Thursday of June at 10:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 18-11-2022 ↗
- KINET Anthony Jean-Claude Odette Ghislain 100 shares (100%) · €3,000 in cash
Network & group
No group
KA CONSTRUCT has no parent and no holdings in its annual accounts. KINET Anthony Jean-Claude Odette Ghislain is the only director. KA CONSTRUCT shares no director with another company.
Timeline
Timeline
11 events since 2022Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 35 days before the deadline
2025
Highest result from 2023 to 2025 net €84,066 ▲81.9% The operating result of €115,340 and the net result of €84,066 are both a record.
Equity above €150,000 equity €197,641 ▲74% With a profit in every financial year since 2023, equity grows to €197,641.
Annual accounts 2024 filed PDFmicro format · 27 days before the deadline
Registered office moved to NaninneNew registered office: rue des acquises 45 B 5100 Naninne · Previous registered office: Naninne rue du pré au loup 77 · General meeting of 30-01-20252 points ▸
- General meeting, 30-01-2025
- Registered-office move, rue des acquises 45 B 5100 Naninne
- The deed holds 1 more point.
2024
Weakest financial year net €46,203 ▼29.2% The net result drops to €46,203, the lowest from 2023 to 2025. It recovers the following year.
Equity above €100,000 equity €113,576 ▲66.5% With a profit in every financial year since 2023, equity grows to €113,576.
Annual accounts 2023 filed PDFmicro format · 29 days before the deadline
2022
Registered in the Peppol Directory Reachable for e-invoices through 0208:0793624603
IncorporationFounding capital of €3,000, 100 shares · Founder: KINET Anthony Jean-Claude Odette Ghislain · Appointment: KINET Anthony Jean-Claude Odette Ghislain (director) · published on 18-11-20225 points ▸
- Founder, KINET Anthony Jean-Claude Odette Ghislain
- Founding capital, €3,000, 100 shares
- Board rule, 1
- Director appointment, KINET Anthony Jean-Claude Odette Ghislain
- Registered office clause, ville de Namur, rue du Pré-au-Loup 77, 5100 Naninne
- The deed holds 9 more points.
First establishment Rue des Acquises 45, Namur
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 16 November 2022, KA CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2025 the registered office moved to Naninne.3 KINET Anthony Jean-Claude Odette Ghislain is director of the company, appointed by deed of 18-11-2022.2 Total assets went from €209,858 in 2023 to €352,403 in 2025.4
Company details
Identity
- Enterprise number
- 0793.624.603
- VAT number
- BE 0793.624.603
- Peppol ID
- 0208:0793624603
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 16-11-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Thursday of June at 10:00deed of 18-11-2022 (in French)
- Peppol
- Reachable since 05-12-2022Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- KA CONSTRUCT in French
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région Wallonne”deed of 18-11-2022 (in French)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43110
Demolition
43120
Site preparation
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41202
Construction of residential and non-residential buildings
41203
Construction of residential and non-residential buildings
43110
Demolition
43120
Site preparation
43994
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Directement; Comme intermédiaire; Pour compte propre; Pour compte de tiers; Sauf disposition contraire ci-après; Travaux d’isolation; Mise…”deed of 18-11-2022 (in French)
26 activities
- Directement
- Comme intermédiaire
- Pour compte propre
- Pour compte de tiers
- Sauf disposition contraire ci-après
- Travaux d’isolation
- Mise en oeuvre dans des bâtiments ou d'autres projets de construction de: matériaux d'isolation thermique,matériaux d'isolation acoustique et antivibratile
- Travaux d'isolation de canalisations de chauffage ou de réfrigération
- Travaux d'isolation de chambres froides ou d'entrepôts frigorifiques
- Services d’aménagement paysager,la plantation,les soins et l’entretien de parcs et jardins pour bâtiments d’habitation privés et publics et semi-publics,parcs,espaces verts,cimetières,etc
- Exploitation forestière,abattage d’arbres et production de bois bruts tels que bois de mine,échalas fendus,piquets et bois de chauffage
- Élagage des arbres et des haies
- Verdure pour : bâtiments (jardins de toit,verdure de façade,jardins intérieurs,etc.),terrains de sport (terrains de football,parcours de golf,etc.),terrains de jeu,pelouses pour bains de soleil et autres parcs récréatifs,eaux stagnantes et courantes (bassins,marécages,étangs,piscines,fossés,cours d’eau,installations d’épandage),les plantations pour la protection contre le bruit,le vent,l’érosion,la visibilité et l’éblouissement
- La chirurgie arboricole,y compris l'élagage des arbres et la taille des haies et la replantation de grands arbres
- Les mesures d'aménagement du paysage pour protéger l'environnement et la nature et entretenir le paysage: restauration,remise en culture,zones de rétention,amélioration du sol,bassins d'orage,...
- Construction de cheminées décoratives et feux ouverts
- Travaux de maçonnerie et de rejointoiement,maçonnerie,travaux de restauration des bâtiments et autres activités de constructions spécialisées
- Travaux de ferraillage et pose de coffrage
- Installation de piscines privées
- Les travaux de démolition d’immeubles et autres constructions
- Travaux de préparation des sites
- Travaux de terrassement,creusement,comblement,nivellement de chantiers de construction,ouverture de tranchées,dérochement,destruction à l'explosif,etc.
- Préparation de sites pour l'exploitation minière: enlèvement de déblais et autres travaux d'aménagement et de préparation des terrains et sites miniers
- Rabattement de la nappe aquifère et drainage des chantiers des construction
- Drainage des terrains agricoles et sylvicoles
- Déblayage des chantiers
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue des Acquises 45 registered office 5100 Namur | 16-11-2022 | 2.337.978.033 |
Buildings and parcels at the address
- Ground area
- 616 m²
- Buildings
- 53 m²
- Volume, LiDAR
- 331 m³
- Tallest building
- 7.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92095B0488/00W000 | 616 m² | 1 · 53 m² | 7.8 m · 2 |
Contact
E-mail
anthokinet@gmail.com
Phone
+32 471 48 90 24
Phone
+32 471 48 90 24 establishment in Namur
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0793.624.603