KAAI CONSTRUCT
InactiveOverview
Overview
Official details
Source: KBO- Status
- Absorbed by DELTAHOLD merger by absorption, January 2026
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2023
Financial position
No score
Annual accounts 2024
- Gross margin
- €24,925
- Turnover
- ≈ €170,000
- estimated
- Profit
- €19,427
- Equity
- -€7,665
- ▲ 71.7%
- Total assets
- €2.4m
- ▲ 116%
Financials
Financials · financial year 2024, abbreviated format
2024 annual accounts filed 29 days after the deadline Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00436908.
Annual accounts 2024 filed on 29-08-2025 PDF all 9 filings
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
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
€23,002
2024
20182024
Net result
€19,427
2024
20182024
EBIT margin
no figure
2024
20182024
Equity
-€7,665
▲ 71.7%
2024
20182024
Total assets
€2.4m
▲ 116%
2024
20182024
Debt
€2.4m
▲ 112%
2024
20182024
Working capital
-€7,665
▲ 71.7%
2024
20182024
Staff (FTE)
0
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€0.01m-€0.01m▼ 5.5%
Operating result€0.002m-€0.004m▲ 83.3%€0.006m▲ 61.2%-€280-€0.008m▼ 2,768%-€0.02m▼ 97.2%€0.02m
Net result€0.001m-€0.003m▲ 105%€0.006m▲ 119%-€0.001m-€0.01m▼ 1,461%-€0.04m▼ 284%€0.02m
EBIT margin16.6%-32.3%▲ 15.6pp
Equity€0.01m-€0.01m▲ 21.2%€0.02m▲ 38.2%€0.02m▼ 3.1%€0.01m▼ 49.3%-€0.03m-€0.008m▲ 71.7%
Total assets€0.02m-€0.03m▲ 29.8%€0.04m▲ 41.1%€0.02m▼ 52.0%€0.5m▲ 23×€1.1m▲ 129%€2.4m▲ 116%
Debt€0.01m-€0.02m▲ 39.1%€0.02m▲ 43.8%€0.001m▼ 96.6%€0.5m▲ 618×€1.1m▲ 140%€2.4m▲ 112%
Working capital€0.01m-€0.01m▲ 21.2%€0.02m▲ 38.2%€0.02m▲ 0.7%€0.01m▼ 43.8%-€0.03m-€0.008m▲ 71.7%
Staff (FTE)00
The operating result for 2024 is a profit of €23,002, after a loss of €15,847 in 2023. It is the highest result since 2020.
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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €12,529 | €11,843 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €55 | €480 | €4,946 | €1,923 | ▼ 61.1% |
| Gross operating margin9900 | €2,182 | €3,824 | €6,217 | -€225 | -€7,555 | -€10,901 | €24,925 | - |
| Operating profit (loss)9901 | €2,086 | €3,824 | €6,163 | -€280 | -€8,035 | -€15,847 | €23,002 | - |
| 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 | €11 | €18 | €23 | €338 | €1,611 | €21,293 | €4,298 | ▼ 79.8% |
| Profit (loss) for the period before taxes9903 | €2,075 | €3,806 | €6,140 | -€618 | -€9,647 | -€37,003 | €19,427 | - |
| Income taxes67/77 | €827 | €1,252 | €558 | €0 | €0 | - | - | - |
| Profit (loss) for the period9904 | €1,248 | €2,554 | €5,582 | -€618 | -€9,647 | -€37,003 | €19,427 | - |
| Profit (loss) for the period to be appropriated9905 | €1,248 | €2,554 | €5,582 | -€618 | -€9,647 | -€37,003 | €19,427 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.02m | €0.03m | €0.04m | €0.02m | €0.5m | €1.1m | €2.4m | ▲ 116% |
| Current assets29/58 | €0.02m | €0.03m | €0.04m | €0.02m | €0.5m | €1.1m | €2.4m | ▲ 116% |
| Stocks and contracts in progress3 | - | - | - | - | €0.3m | €0.9m | €1.5m | ▲ 63.7% |
| Stocks30/36 | - | - | - | - | €0.3m | €0.9m | €1.5m | ▲ 63.7% |
| Amounts receivable within one year40/41 | €0.002m | €286 | €286 | €293 | €0.2m | €0.1m | €0.8m | ▲ 479% |
| Trade receivables40 | - | - | - | - | €0.2m | €0.1m | €0.7m | ▲ 447% |
| Other amounts receivable41 | - | - | - | €293 | €0 | €0.02m | €0.1m | ▲ 698% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.04m | €0.02m | €0.003m | €0.02m | €0.02m | ▼ 21.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €81 | €0.001m | €0.001m | ▲ 24.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.02m | €0.03m | €0.04m | €0.02m | €0.5m | €1.1m | €2.4m | ▲ 116% |
| Equity10/15 | €0.01m | €0.01m | €0.02m | €0.02m | €0.01m | -€0.03m | -€0.008m | ▲ 71.7% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.006m | €0.008m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.001m | €0.001m | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | - | - | - | -€0.001m | -€0.01m | -€0.05m | -€0.03m | ▲ 41.1% |
| Amounts payable17/49 | €0.01m | €0.02m | €0.02m | €0.001m | €0.5m | €1.1m | €2.4m | ▲ 112% |
| Amounts payable within one year42/48 | €0.01m | €0.02m | €0.02m | €0 | €0.5m | €1.1m | €2.4m | ▲ 112% |
| Financial debts43 | - | - | - | - | - | €0.6m | €0.6m | ▼ 5.5% |
| Credit institutions430/8 | - | - | - | - | - | €0.6m | €0.6m | ▼ 5.5% |
| Trade debts44 | - | €0.001m | €0.003m | €0 | €0.2m | €0.3m | €0.01m | ▼ 95.2% |
| Suppliers440/4 | - | - | - | €0 | €0.2m | €0.3m | €0.01m | ▼ 95.2% |
| Advances received on contracts in progress46 | - | - | - | - | €0.2m | €0.2m | €1.0m | ▲ 514% |
| Taxes, remuneration and social security45 | - | - | - | €0 | €0.03m | €0 | - | - |
| Taxes450/3 | - | - | - | €0 | €0.03m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0 | €0.05m | €0.07m | €0.8m | ▲ 11× |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.002m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,248 | €2,554 | €5,582 | -€618 | -€9,647 | -€37,003 | €19,427 | - |
| Operating cash flow (approximation) | €1,248 | €2,554 | €5,582 | -€618 | -€9,647 | -€37,003 | €19,427 | - |
| Change in cash | - | €8,972 | €12,327 | -€22,010 | -€17,322 | €22,201 | -€5,227 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00436908 | |
| 31-12-2023 | abbreviated format | 07-10-2024 | 2024-00496464 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00405973 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20398137 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-55000493 | |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64500453 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49500300 | |
| 31-12-2017 | micro format | 11-07-2018 | 2018-31800559 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-28200135 |
Board & ownership
Directors
Directors
3 directors, last change in 2025
Act of 24-11-2025Merger proposal: to be absorbed by DELTAHOLD BVPermanent representatives: Philip Rokegem, Didier Lapin and Johan Baeten · Incorporation · Amendment of the articles
Board 3
DELTAHOLD
Current
Director · since 10-02-2022 · Private limited company · permanent representative: LAPIN Didier · also on the board of 1 other company · listed in the 2024 annual accounts, filed on 29-08-2025
NITOR
Current
Director · since 10-02-2022 · Private limited company (pre-2019) · permanent representative: BAETEN Johan Gaston Mariette · also on the board of 1 other company · listed in the 2024 annual accounts, filed on 29-08-2025
Phirok
Current
Director · since 10-02-2022 · Private limited company · permanent representative: ROKEGEM Philip René · also on the board of 1 other company · listed in the 2024 annual accounts, filed on 29-08-2025
Permanent representatives 3
BAETEN Johan Gaston Mariette
Current
Permanent representative · appointed in the act of 03-03-2022 · for NITOR
LAPIN Didier
Current
Permanent representative · appointed in the act of 03-03-2022 · for DELTAHOLD
ROKEGEM Philip René
Current
Permanent representative · appointed in the act of 03-03-2022 · for Phirok
Owners and capital
Shareholders
1 ownerCapital transactions
Capital over time
- 03-03-2022 Converted to unavailable equity · €18,600
Mandate history
4 people, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DELTAHOLD |
|
| NITOR |
|
| Phirok |
|
| Adrienne Josephine De Geyter |
|
Network & group
Acquisitions and mergers
1 transactionTaken over by:DELTAHOLD
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
FP4RE
Shared corporate director
→
Immo De Neve
Shared corporate director
→
Timeline
Acts, filings and financial milestones
2026
27-01
Gazette deed
Merger: absorbed by DELTAHOLDAccounting effect4 points ▸
Gazette deed
Merger: absorbed by DELTAHOLD
Accounting effect4 points ▸
- General meeting, 29-12-2025
- Merger, “fusie door overneming”, 30-06-2025 (deed in Dutch)
- Accounting effect, 01-07-2025
- Other provision, “fiscale verklaring fusie” (deed in Dutch)
2025
24-11
Gazette deed
Merger proposal: to be absorbed by DELTAHOLD BVPermanent representatives: Philip Rokegem, Didier Lapin and Johan Baeten · Incorporation · Amendment of the articles20 points ▸
Gazette deed
Merger proposal: to be absorbed by DELTAHOLD BV
Permanent representatives: Philip Rokegem, Didier Lapin and Johan Baeten · Incorporation · Amendment of the articles20 points ▸
- Merger, “bestuursorganen van DELTAHOLD BV en KAAI Construct BV in gezamenlijk overleg, gehele vermogen,zowel rechten als verplichtingen,van Over te Nemen Vennootschap aa…” (deed in Dutch)
- Board composition, BV PHIROK (director), mentioned 2 times in the deed
- Board composition, CommV CUNICULUS (director)
- Board composition, BV NITOR (director), mentioned 2 times in the deed
- Permanent representative, Philip Rokegem, mentioned 2 times in the deed
- Permanent representative, Didier Lapin, mentioned 2 times in the deed
- Permanent representative, Johan Baeten, mentioned 2 times in the deed
- Incorporation, 17-10-2016
- Amendment of the articles, mentioned 2 times in the deed
- Registered office clause, “Leistraat 46,9450 Haaltert” (deed in Dutch)
- Board composition, DELTAHOLD BV (director)
- Real estate, “Geraardsbergen, met fusie door overneming gelijkgestelde verrichting” (deed in Dutch)
- The act holds 8 more points.
29-08
abbreviated format · 29 days late
2024
31-12
Financial
Back to profitnet €19,427
The net result is €19,427, after 3 loss-making years.
07-10
abbreviated format · 68 days late
2023
31-12
Financial
Weakest financial yearnet -€37,003
The net result drops to -€37,003, the lowest from 2018 to 2024.
31-08
micro format · 31 days late
2022
31-08
abbreviated format · 31 days late
03-03
Gazette deed
Company renamed from KAPSALON ADRIENNE to KAAI ConstructRegistered office moved from Gooik to Haaltert · New seat: 9450 Haaltert (Heldergem), Leistraat 46 · Previous seat: 1755 Gooik, Ninoofse Steenweg 15116 points ▸
Gazette deed
Company renamed from KAPSALON ADRIENNE to KAAI Construct
Registered office moved from Gooik to Haaltert · New seat: 9450 Haaltert (Heldergem), Leistraat 46 · Previous seat: 1755 Gooik, Ninoofse Steenweg 15116 points ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering” (deed in Dutch)
- Name change, KAAI Construct
- Director resignation, Adrienne Josephine De Geyter (director)
- Board rule, 3, 10-02-2022
- Director appointment, DELTAHOLD (director)
- Permanent representative, LAPIN Didier
- Director appointment, PHIROK (director)
- Permanent representative, ROKEGEM Philip René
- Director appointment, NITOR (director)
- Permanent representative, BAETEN Johan Gaston Mariette
- Other provision, “geen maatregel die mandaat verhindert, niet getroffen door enige maatregel die zich hiertegen verzet” (deed in Dutch)
- Purpose change
- The act holds 4 more points.
2021
26-08
micro format · 26 days late
2020
28-10
micro format · 89 days late
2019
23-08
micro format · 23 days late
Show earlier events
2018
11-07
micro format · 20 days before the deadline
2017
05-07
micro format · 26 days before the deadline
2016
19-10
4 publications in the Belgian Official Gazette, the last on 27-01-2026
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Absorbed by DELTAHOLD in January 2026
KAAI CONSTRUCT is no longer in the KBO register. DELTAHOLD took it over in a merger by absorption, published in the Belgian Official Gazette on 27 January 2026.
- Status
- Inactive
- Reason
- Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 27 January 2026 · act
- Absorbed by
- DELTAHOLD · 0887.863.071
- Last annual accounts
- financial year to 31 December 2024
- Last registered office
- Leistraat 46, 9450 Heldergemas published on 27 January 2026
- Legal form
- Private limited company
- First annual accounts
- financial year 2016
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- Name clauseThe company operates under this name according to its articles.
- KAAI Constructdeed of 24-11-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 03-03-2022 (in Dutch)
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Tuesday of June at 08:30
deed of 03-03-2022 (in Dutch)