KAAI CONSTRUCT
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 9 filingsDeviation from the deadline
2024
29 d late
2023
68 d late
2022
31 d late
2021
31 d late
2020
26 d late
2019
89 d late
2018
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 42 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Turnover
€11,843▼ 5.5%
2018 · €12,529
EBIT margin
32.3%▲ 15.6pp
2018 · 16.6%
Net result
€19,427
2023 · -€37,003
Working capital
-€7,665▲ 71.7%
2023 · -€27,092
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€6,163▲ 61.2%-€280-€8,035▼ 2,768%-€15,847▼ 97.2%€23,002
Net result€5,582▲ 119%-€618-€9,647▼ 1,461%-€37,003▼ 284%€19,427
EBIT margin
Equity€20,175▲ 38.2%€19,557▼ 3.1%€9,910▼ 49.3%-€27,092-€7,665▲ 71.7%
Total assets€42,312▲ 41.1%€20,309▼ 52.0%€474,852▲ 2,238%€1.1m▲ 129%€2.4m▲ 116%
Debt€22,137▲ 43.8%€753▼ 96.6%€464,941▲ 61,671%€1.1m▲ 140%€2.4m▲ 112%
Working capital€20,175▲ 38.2%€20,309▲ 0.7%€11,416▼ 43.8%-€27,092-€7,665▲ 71.7%
Staff (FTE)00
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 returns to profit in 2024: €23,002 after a loss of €15,847 in 2023, the highest result in the available series.
Key figures and ratios
Solvency
-0.3%▲
2023 · -2.5%
Current ratio
1.00▲
2023 · 0.98
Quick ratio
0.36▲
2023 · 0.15
ROA
0.8%▲
2023 · -3.4%
Debt ≤ 1 year
€2.4m▲
2023 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €2.4m, equity -€7,665).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €55 | €480 | €4,946 | €1,923 | ▼ 61.1% |
| Gross operating margin9900 | €6,217 | -€225 | -€7,555 | -€10,901 | €24,925 | ▲ 329% |
| Operating profit (loss)9901 | €6,163 | -€280 | -€8,035 | -€15,847 | €23,002 | ▲ 245% |
| Financial income75/76B | - | - | - | €138 | €723 | ▲ 425% |
| Recurring financial income75 | - | - | - | €138 | €723 | ▲ 425% |
| Financial charges65/66B | - | €338 | €1,611 | €21,293 | €4,298 | ▼ 79.8% |
| Recurring financial charges65 | €23 | €338 | €1,611 | €21,293 | €4,298 | ▼ 79.8% |
| Profit (loss) for the period before taxes9903 | €6,140 | -€618 | -€9,647 | -€37,003 | €19,427 | ▲ 153% |
| Income taxes67/77 | €558 | €0 | €0 | - | - | - |
| Profit (loss) for the period9904 | €5,582 | -€618 | -€9,647 | -€37,003 | €19,427 | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | €5,582 | -€618 | -€9,647 | -€37,003 | €19,427 | ▲ 153% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,312 | €20,309 | €474,852 | €1.1m | €2.4m | ▲ 116% |
| Current assets29/58 | €42,312 | €20,309 | €474,852 | €1.1m | €2.4m | ▲ 116% |
| Stocks and contracts in progress3 | - | - | €278,476 | €919,503 | €1.5m | ▲ 63.7% |
| Stocks30/36 | - | - | €278,476 | €919,503 | €1.5m | ▲ 63.7% |
| Amounts receivable within one year40/41 | €286 | €293 | €193,600 | €142,472 | €825,253 | ▲ 479% |
| Trade receivables40 | - | - | €193,600 | €124,273 | €679,971 | ▲ 447% |
| Other amounts receivable41 | - | €293 | €0 | €18,199 | €145,282 | ▲ 698% |
| Cash at bank and in hand54/58 | €42,027 | €20,016 | €2,694 | €24,896 | €19,668 | ▼ 21.0% |
| Deferred charges and accrued income490/1 | - | - | €81 | €877 | €1,094 | ▲ 24.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,312 | €20,309 | €474,852 | €1.1m | €2.4m | ▲ 116% |
| Equity10/15 | €20,175 | €19,557 | €9,910 | -€27,092 | -€7,665 | ▲ 71.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €13,975 | €13,975 | €13,975 | €13,975 | €13,975 | = |
| Non-distributable reserves130/1 | - | €620 | €620 | €0 | - | - |
| Reserves not available under the articles1311 | - | €620 | €620 | €0 | - | - |
| Distributable reserves133 | - | €13,355 | €13,355 | €13,975 | €13,975 | = |
| Profit (loss) carried forward14 | - | -€618 | -€10,265 | -€47,267 | -€27,840 | ▲ 41.1% |
| Amounts payable17/49 | €22,137 | €753 | €464,941 | €1.1m | €2.4m | ▲ 112% |
| Amounts payable within one year42/48 | €22,137 | €0 | €463,436 | €1.1m | €2.4m | ▲ 112% |
| Financial debts43 | - | - | - | €611,929 | €578,107 | ▼ 5.5% |
| Credit institutions430/8 | - | - | - | €611,929 | €578,107 | ▼ 5.5% |
| Trade debts44 | €3,437 | €0 | €221,412 | €273,624 | €13,056 | ▼ 95.2% |
| Suppliers440/4 | - | €0 | €221,412 | €273,624 | €13,056 | ▼ 95.2% |
| Advances received on contracts in progress46 | - | - | €160,000 | €160,000 | €981,950 | ▲ 514% |
| Taxes, remuneration and social security45 | - | €0 | €29,738 | €0 | - | - |
| Taxes450/3 | - | €0 | €29,738 | €0 | - | - |
| Other amounts payable47/48 | - | €0 | €52,286 | €69,286 | €785,821 | ▲ 1,034% |
| Accrued charges and deferred income492/3 | - | €753 | €1,505 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,582 | -€618 | -€9,647 | -€37,003 | €19,427 | ▲ 153% |
| Operating cash flow (approximation) | €5,582 | -€618 | -€9,647 | -€37,003 | €19,427 | ▲ 153% |
| Change in cash | - | -€22,010 | -€17,322 | €22,201 | -€5,227 | ▼ 124% |
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
2026
27-01
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect5 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect5 facts ▸
- General meeting, 29-12-2025
- Merger, 29-12-2025
- Dissolution, 29-12-2025
- Accounting effect, 01-07-2025
- Power of attorney, PKF BOFIDI Accountants & Advisers
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €19,427
Net result €19,427 after 3 loss-making years.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet -€37,003
Net result drops to -€37,003, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- DELTAHOLD
- KAAI CONSTRUCT
Highest known parent: DELTAHOLD. The sources do not say who stands above it.
Owners 1
- DELTAHOLDparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:DELTAHOLD