Kaan
ActiveSummary
Kaan has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €712,187 and a net result of €28,415. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 7462 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-24
Solvency58▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.49 in 2023; short-term debt: 66.4% and cash: 8.4% of total assets), and 66.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
32 d late
2023
55 d late
2022
60 d late
2021
58 d late
2020
88 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 60 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€712,187▲ 4.2%
2023 · €683,772
Total assets
€2.2m▲ 10.2%
2023 · €2.0m
Net result
€28,415▼ 83.1%
2023 · €168,592
Working capital
€653,939▲ 7.4%
2023 · €608,756
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 43, Specialised construction activities, 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€170,498▲ 14.7%€71,022▼ 58.3%€224,138▲ 216%€271,506▲ 21.1%€70,525▼ 74.0%
Net result€118,725above the sector's middle half▲ 28.4%€33,323within the sector's middle half▼ 71.9%€150,041above the sector's middle half▲ 350%€168,592above the sector's middle half▲ 12.4%€28,415within the sector's middle half▼ 83.1%
Equity€350,416within the sector's middle half▲ 51.2%€383,738within the sector's middle half▲ 9.5%€533,779within the sector's middle half▲ 39.1%€683,772within the sector's middle half▲ 28.1%€712,187within the sector's middle half▲ 4.2%
Total assets€1.4mwithin the sector's middle half▲ 166%€1.6mabove the sector's middle half▲ 12.9%€2.4mabove the sector's middle half▲ 51.6%€2.0mabove the sector's middle half▼ 17.4%€2.2mabove the sector's middle half▲ 10.2%
Debt€1.0m▲ 258%€1.2m▲ 14.0%€1.8m▲ 55.7%€1.3m▼ 30.6%€1.4m▲ 13.5%
Working capital€576,935above the sector's middle half▲ 177%€591,141above the sector's middle half▲ 2.5%€704,397above the sector's middle half▲ 19.2%€608,756above the sector's middle half▼ 13.6%€653,939above the sector's middle half▲ 7.4%
Solvency25.4%within the sector's middle half▼ 19.2pp24.6%within the sector's middle half▼ 0.8pp22.6%within the sector's middle half▼ 2.0pp35.0%within the sector's middle half▲ 12.4pp33.1%within the sector's middle half▼ 1.9pp
Current ratio1.85within the sector's middle half▼ 0.141.68within the sector's middle half▼ 0.171.44within the sector's middle half▼ 0.231.49within the sector's middle half▲ 0.051.46within the sector's middle half▼ 0.03
Return on assets (ROA)8.6%within the sector's middle half▼ 9.2pp2.1%within the sector's middle half▼ 6.5pp6.4%within the sector's middle half▲ 4.2pp8.6%within the sector's middle half▲ 2.3pp1.3%within the sector's middle half▼ 7.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 74% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€69,256 ▼ 29.1%
Current assets
€2.1m ▲ 12.3%
Equity and liabilities €2.2m
Equity
€712,187 ▲ 4.2%
Debt
€1.4m ▲ 13.5%
Debt's share of the balance-sheet total rises from 65.0% to 66.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102,108▼
2023 · €302,399
Cash flow
€59,998▼
2023 · €199,485
Quick ratio
1.46▼
2023 · 1.49
Debt to equity
2.02▲
2023 · 1.85
ROE
4.0%▼
2023 · 24.7%
Interest coverage
4.27▼
2023 · 9.75
Debt ≤ 1 year
€1.4m▲
2023 · €1.2m
Debt > 1 year
€11,009▼
2023 · €18,128
Income taxes
€26,099▼
2023 · €78,991
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 6,048 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €559 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,039 | €42,420 | €33,757 | €30,893 | €31,583 | ▲ 2.2% |
| Other operating charges640/8 | - | €24,683 | €10,004 | €8,735 | €16,602 | ▲ 90.1% |
| Non-recurring operating charges66A | - | - | - | €7,037 | - | - |
| Gross operating margin9900 | €218,423 | €138,125 | €267,898 | €318,172 | €118,710 | ▼ 62.7% |
| Operating profit (loss)9901 | €170,498 | €71,022 | €224,138 | €271,506 | €70,525 | ▼ 74.0% |
| Financial income75/76B | - | €326 | €5,242 | €7,098 | €8,129 | ▲ 14.5% |
| Recurring financial income75 | €1,107 | €326 | €5,242 | €7,098 | €8,129 | ▲ 14.5% |
| Financial charges65/66B | - | €16,792 | €20,269 | €31,021 | €24,140 | ▼ 22.2% |
| Recurring financial charges65 | €14,727 | €16,792 | €20,269 | €31,021 | €23,892 | ▼ 23.0% |
| Non-recurring financial charges66B | - | - | - | - | €248 | - |
| Profit (loss) for the period before taxes9903 | €156,878 | €54,555 | €209,111 | €247,583 | €54,514 | ▼ 78.0% |
| Income taxes67/77 | €38,152 | €21,232 | €59,070 | €78,991 | €26,099 | ▼ 67.0% |
| Profit (loss) for the period9904 | €118,725 | €33,323 | €150,041 | €168,592 | €28,415 | ▼ 83.1% |
| Profit (loss) for the period to be appropriated9905 | €118,725 | €33,323 | €150,041 | €168,592 | €28,415 | ▼ 83.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.6m | €2.4m | €2.0m | €2.2m | ▲ 10.2% |
| Fixed assets21/28 | €123,413 | €93,457 | €66,200 | €97,678 | €69,256 | ▼ 29.1% |
| Tangible fixed assets22/27 | €119,513 | €89,057 | €61,800 | €93,278 | €63,896 | ▼ 31.5% |
| Plant, machinery and equipment23 | - | €10,303 | €7,363 | €5,485 | €2,696 | ▼ 50.9% |
| Furniture and vehicles24 | - | €13,631 | €13,723 | €31,092 | €17,243 | ▼ 44.5% |
| Leasing and similar rights25 | - | €65,123 | €40,713 | €56,700 | €43,957 | ▼ 22.5% |
| Financial fixed assets28 | €3,900 | €4,400 | €4,400 | €4,400 | €5,360 | ▲ 21.8% |
| Current assets29/58 | €1.3m | €1.5m | €2.3m | €1.9m | €2.1m | ▲ 12.3% |
| Amounts receivable after more than one year29 | - | €62,920 | €246,440 | €396,467 | €534,125 | ▲ 34.7% |
| Other amounts receivable291 | - | €62,920 | €246,440 | €396,467 | €534,125 | ▲ 34.7% |
| Stocks and contracts in progress3 | €159,139 | €221,795 | €9,277 | €3,685 | €3,685 | = |
| Stocks30/36 | - | €221,795 | €9,277 | €3,685 | €3,685 | = |
| Amounts receivable within one year40/41 | €933,578 | €1.1m | €1.9m | €1.4m | €1.4m | ▼ 4.8% |
| Trade receivables40 | - | €806,924 | €1.2m | €1.3m | €936,738 | ▼ 29.7% |
| Other amounts receivable41 | - | €293,967 | €757,023 | €94,611 | €422,612 | ▲ 347% |
| Cash at bank and in hand54/58 | €88,160 | €74,907 | €95,237 | €17,555 | €180,340 | ▲ 927% |
| Deferred charges and accrued income490/1 | - | €3,784 | €3,485 | €8,901 | €5,074 | ▼ 43.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €2.4m | €2.0m | €2.2m | ▲ 10.2% |
| Equity10/15 | €350,416 | €383,738 | €533,779 | €683,772 | €712,187 | ▲ 4.2% |
| Contributions10/11 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €331,816 | €365,138 | €515,179 | €683,772 | €712,187 | ▲ 4.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €363,278 | €513,319 | €683,772 | €712,187 | ▲ 4.2% |
| Amounts payable17/49 | €1.0m | €1.2m | €1.8m | €1.3m | €1.4m | ▲ 13.5% |
| Amounts payable after more than one year17 | €332,787 | €296,253 | €231,536 | €18,128 | €11,009 | ▼ 39.3% |
| Financial debts170/4 | - | €296,253 | €231,536 | €18,128 | €11,009 | ▼ 39.3% |
| Amounts payable within one year42/48 | €679,975 | €873,154 | €1.6m | €1.2m | €1.4m | ▲ 14.7% |
| Current portion of amounts payable after more than one year42 | - | €204,752 | €195,946 | €478,599 | €660,029 | ▲ 37.9% |
| Trade debts44 | €371,102 | €501,928 | €1.3m | €596,402 | €393,418 | ▼ 34.0% |
| Suppliers440/4 | - | €501,928 | €1.3m | €596,402 | €393,418 | ▼ 34.0% |
| Advances received on contracts in progress46 | - | €988 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €59,957 | €90,195 | €148,701 | €115,787 | ▼ 22.1% |
| Taxes450/3 | - | €59,957 | €90,195 | €148,701 | €115,787 | ▼ 22.1% |
| Other amounts payable47/48 | - | €105,529 | €38,327 | €21,780 | €259,400 | ▲ 1,091% |
| Accrued charges and deferred income492/3 | - | €4,606 | €5,281 | €4,534 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,725 | €33,323 | €150,041 | €168,592 | €28,415 | ▼ 83.1% |
| + Depreciation and write-downs630 | €37,039 | €42,420 | €33,757 | €30,893 | €31,583 | ▲ 2.2% |
| Operating cash flow (approximation) | €155,764 | €75,743 | €183,798 | €199,485 | €59,998 | ▼ 69.9% |
| Investment in fixed assets (approximation) | - | -€12,463 | -€6,500 | -€62,371 | -€3,161 | ▲ 94.9% |
| Change in cash | - | -€13,253 | €20,331 | -€77,682 | €162,785 | ▲ 310% |
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
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 32 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
31-12
Financial
Highest result since 2018net €168,592 ▲12.4%
Operating result €271,506, net result €168,592, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Equity above €500,000Eq €533,779 ▲39.1%
5 profitable years in a row build equity to €533,779.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 58 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
31-12
Financial
Equity above €200,000Eq €231,691 ▲66.4%
2 profitable years in a row build equity to €231,691.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2013
Ground area
4,682 m²
Building footprint
310 m²
Volume, LiDAR
1,958 m³
Parcel 11023K0007/05L002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kaan / De Winter Renovatiewerken
since 20132.217.964.188
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023K0007/05L002 | Flanders | 4,682 m² | 1 · 310 m² | 9.3 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.
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Of 4,093 companies in this sector we hold annual accounts for 1,636. 848 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded24-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43310Plastering work
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502944406
Also
9925:BE0502944406
Registered
06-01-2026
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.