KAAN GROUP
ActiveThe computed 12-month bankruptcy probability of KAAN GROUP is 4.6% (elevated). The 2024 annual accounts show equity of €436k and a net result of €12k. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 1125 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▼-3
Solvency66▲+4
Growth77▼-8
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days only on tighter terms
Liquidity ample (current ratio 2.89 against 2.63 in 2023; short-term debt: 11.6% and cash: 0.6% of total assets), but 59% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
55 d late
2022
49 d early
2021
107 d late
2020
53 d late
2019
53 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€2.50M▼ 14.5%
2023 · €2.93M
2022: €1.97M
2023: €2.93M
2022 → 2024
EBIT margin
7.0%▲ 3.0pp
2023 · 4.0%
2022: 15.4%
2023: 4.0%
2022 → 2024
Net result
€12k▼ 89.1%
2023 · €112k
2019: €-28k
2020: €154k
2021: €-125k
2022: €291k
2023: €112k
2019 → 2024
Working capital
€233k▼ 17.6%
2023 · €282k
2019: €-34k
2020: €122k
2021: €578
2022: €173k
2023: €282k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.97M€2.93M▲ 48.7%€2.50M▼ 14.5%
Equity€145k-€21k▼ 85.8%€312k▲ 1,415%€424k▲ 35.9%€436k▲ 2.9%
Operating result€155k-€-123k€303k€117k▼ 61.3%€175k▲ 49.0%
Net result€154k-€-125k€291k€112k▼ 61.6%€12k▼ 89.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 49% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.06M
Fixed assets
€707k▲ 3.6%
Current assets
€356k▼ 21.9%
Equity and liabilities €1.06M
Equity
€436k▲ 2.9%
Debt
€627k▼ 12.3%
The debt ratio falls from 62.8% to 59.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221k▲
2023 · €158k
Cash flow
€59k▼
2023 · €152k
Solvency
41.0%▲
2023 · 37.2%
Current ratio
2.89▲
2023 · 2.63
Quick ratio
2.89▲
2023 · 2.63
Debt / equity
1.44▼
2023 · 1.69
ROE
2.8%▼
2023 · 26.4%
ROA
1.2%▼
2023 · 9.8%
Interest coverage
23.00▼
2023 · 29.36
Debt
€627k▼
2023 · €714k
Debt ≤ 1 year
€123k▼
2023 · €173k
Debt > 1 year
€504k▼
2023 · €541k
Staff costs
€486k▼
2023 · €511k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.14M€1.06M▼
Fixed assets21/28€683k€707k▲
Tangible fixed assets22/27€669k€693k▲
Land and buildings22€606k€587k▼
Furniture and vehicles24€63k€106k▲
Financial fixed assets28€14k€14k=
Current assets29/58€455k€356k▼
Amounts receivable within one year40/41€422k€287k▼
Trade receivables40€300k€162k▼
Other amounts receivable41€122k€125k▲
Cash at bank and in hand54/58€17k€7k▼
Deferred charges and accrued income490/1€17k€62k▲
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.06M▼
Equity10/15€424k€436k▲
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Profit (loss) carried forward14€404k€416k▲
Amounts payable17/49€714k€627k▼
Amounts payable after more than one year17€541k€504k▼
Financial debts170/4€541k€504k▼
Amounts payable within one year42/48€173k€123k▼
Current portion of amounts payable after more than one year42€15k€3k▼
Financial debts43-€51k
Credit institutions430/8-€51k
Trade debts44€125k€42k▼
Suppliers440/4€125k€42k▼
Taxes, remuneration and social security45€33k€27k▼
Remuneration and social security454/9€33k€27k▼
Income statement
Code20232024
Turnover70€2.93M€2.50M▼
Non-recurring operating income76A€110k€83k▼
Goods, raw materials, services and sundry goods60/61€2.26M€1.88M▼
Remuneration, social security and pensions62€511k€486k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€47k▲
Other operating charges640/8€110k-
Gross operating margin9900€778k€707k▼
Operating profit (loss)9901€117k€175k▲
Financial charges65/66B€5k€162k▲
Recurring financial charges65€5k€10k▲
Non-recurring financial charges66B-€153k
Profit (loss) for the period before taxes9903€112k€12k▼
Profit (loss) for the period9904€112k€12k▼
Profit (loss) for the period to be appropriated9905€112k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€404k€416k▲
Profit (loss) brought forward from the previous period14P€292k€404k▲
Social balance
Average headcount (FTE)9087510,753.818.0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 55 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €291k
Net result €291k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.10
Current ratio from 1.00 to 2.10; short-term debt falls from €167k to €157k.
31-12
Financial
Equity above €200kEq €312k ▲1415%
Equity rises from €21k to €312k.
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 107 days late
2021
31-12
Financial
Weakest financial yearnet €-125k ▼181%
Net result drops to €-125k, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 53 days late
2020
31-12
Financial
Back to profitnet €154k
Net result €154k after one loss-making year.
31-12
Financial
Equity above €100kEq €145k
Equity rises from €-8k to €145k.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schaarbeek · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Paleizenstraat 591030 SchaarbeekGround area
436 m²
Building footprint
432 m²
Volume, LiDAR
2,201 m³
Parcel 21909E0239/00N015, Brussels · tallest building 20.9 m. Linked by address, not a title deed.
1 establishment unit
Paleizenstraat 59, 1030 Schaarbeek
since 20182.281.721.892
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21909E0239/00N015 | Brussels | 436 m² | 1 · 432 m² | 20.9 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.281.721.892
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,196. 5,402 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2018
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.