KAI IMPACT
Dissolved and wound upFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 07-04-2026 at the NBB all 4 filings
Equity
€620,801▼ 4.6%
2025 · €650,584
Total assets
€620,812▼ 10.4%
2025 · €692,597
Net result
-€29,782
2025 · €180,716
Working capital
€620,801▲ 3.2%
2025 · €601,400
Multi-year overview
2023 to 2026, 4 financial yearsOperating result
-€6,760
2026
20232026
Net result
-€29,782
2026
20232026
Equity
€620,801
▼ 4.6%
2026
20232026
Total assets
€620,812
▼ 10.4%
2026
20232026
Debt
€11
▼ 100.0%
2026
20232026
Working capital
€620,801
▲ 3.2%
2026
20232026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2023202420252026
Operating result€203,867-€170,543▼ 16.3%€224,050▲ 31.4%-€6,760
Net result€160,887-€129,049▼ 19.8%€180,716▲ 40.0%-€29,782
Equity€340,819-€469,868▲ 37.9%€650,584▲ 38.5%€620,801▼ 4.6%
Total assets€437,596-€504,606▲ 15.3%€692,597▲ 37.3%€620,812▼ 10.4%
Debt€96,776-€34,738▼ 64.1%€42,014▲ 20.9%€11▼ 100.0%
Working capital€301,263-€423,164▲ 40.5%€601,400▲ 42.1%€620,801▲ 3.2%
The operating result for 2026 is a loss of €6,760, after a profit of €224,050 in 2025. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €620,812
Equity
€620,801 ▼ 4.6%
Debt
€11 ▼ 100.0%
Debt's share of the balance-sheet total falls from 6.1% to 0.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2025 · 0.06
ROE
-4.8%▼
2025 · 27.8%
ROA
-4.8%▼
2025 · 26.1%
Debt ≤ 1 year
€11▼
2025 · €41,698
Income taxes
€347▼
2025 · €63,625
A ratio outside any meaningful range has been withheld (balance sheet total €620,812, equity €620,801).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 | 03-03-2026 |
|---|---|---|---|---|
| Tangible fixed assets | €2,943 | - | - | - |
| Depreciation and write-downs of the year | €784 | €763 | €0 | - |
Source: notes to the 2023 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €530 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €784 | €763 | €0 | - | - |
| Other operating charges640/8 | €0 | €674 | €746 | €101 | ▼ 86.5% |
| Non-recurring operating charges66A | - | €33 | €0 | - | - |
| Gross operating margin9900 | €204,651 | €172,013 | €224,796 | -€6,659 | - |
| Operating profit (loss)9901 | €203,867 | €170,543 | €224,050 | -€6,760 | - |
| Financial income75/76B | €4,412 | €13,804 | €20,461 | €39,017 | ▲ 90.7% |
| Recurring financial income75 | €4,412 | €13,804 | €20,461 | €8,217 | ▼ 59.8% |
| Non-recurring financial income76B | - | - | - | €30,800 | - |
| Financial charges65/66B | €256 | €343 | €169 | €61,692 | ▲ 365× |
| Recurring financial charges65 | €256 | €343 | €169 | €92 | ▼ 45.5% |
| Non-recurring financial charges66B | - | - | - | €61,600 | - |
| Profit (loss) for the period before taxes9903 | €208,023 | €184,004 | €244,341 | -€29,435 | - |
| Income taxes67/77 | €47,136 | €54,956 | €63,625 | €347 | ▼ 99.5% |
| Profit (loss) for the period9904 | €160,887 | €129,049 | €180,716 | -€29,782 | - |
| Profit (loss) for the period to be appropriated9905 | €160,887 | €129,049 | €180,716 | -€29,782 | - |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €437,596 | €504,606 | €692,597 | €620,812 | ▼ 10.4% |
| Fixed assets21/28 | €39,569 | €47,006 | €49,500 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2,669 | €1,906 | €0 | - | - |
| Furniture and vehicles24 | €2,669 | €1,906 | €0 | - | - |
| Financial fixed assets28 | €36,900 | €45,100 | €49,500 | €0 | ▼ 100% |
| Current assets29/58 | €398,027 | €457,600 | €643,097 | €620,812 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €281,305 | €260,513 | €354,542 | €388,033 | ▲ 9.4% |
| Trade receivables40 | €65,016 | €19,929 | €326 | €0 | ▼ 100% |
| Other amounts receivable41 | €216,288 | €240,584 | €354,216 | €388,033 | ▲ 9.5% |
| Cash at bank and in hand54/58 | €116,722 | €197,087 | €288,555 | €232,779 | ▼ 19.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €437,596 | €504,606 | €692,597 | €620,812 | ▼ 10.4% |
| Equity10/15 | €340,819 | €469,868 | €650,584 | €620,801 | ▼ 4.6% |
| Contributions10/11 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Reserves13 | €337,319 | €466,368 | €647,084 | €647,084 | = |
| Distributable reserves133 | €337,319 | €466,368 | €647,084 | €647,084 | = |
| Profit (loss) carried forward14 | - | - | - | -€29,782 | - |
| Amounts payable17/49 | €96,776 | €34,738 | €42,014 | €11 | ▼ 100.0% |
| Amounts payable within one year42/48 | €96,764 | €34,435 | €41,698 | €11 | ▼ 100.0% |
| Trade debts44 | €49,627 | €4,637 | €3,072 | €0 | ▼ 100% |
| Suppliers440/4 | €49,627 | €4,637 | €3,072 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €47,136 | €29,798 | €38,625 | €11 | ▼ 100.0% |
| Taxes450/3 | €47,136 | €29,798 | €38,625 | €11 | ▼ 100.0% |
| Accrued charges and deferred income492/3 | €13 | €303 | €316 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €160,887 | €129,049 | €180,716 | -€29,782 | - |
| + Depreciation and write-downs630 | €784 | €763 | €0 | - | - |
| Operating cash flow (approximation) | €161,671 | €129,811 | €180,716 | -€29,782 | - |
| Investment in fixed assets (approximation) | - | -€8,200 | -€2,494 | €49,500 | - |
| Change in cash | - | €80,364 | €91,469 | -€55,776 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.