KAISER CONSTRUCT
ActiveSummary
KAISER CONSTRUCT has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €355,425 and a net result of €3.4m. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 13% of 1,013 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Staff
- 19.3 FTE
- Equity
- €355,425
- Profit
- €3.4m
- Largest shareholder
- anTma · 33.23%
- JMG AdvisoryDirector · permanent representative Moïse Gabriel JAUMOTTE
Why 81raises riskEquity €355,425 (5.6% of total assets)Sector: Construction of residential and non-residential buildings (NACE 41)Founded in 2019lowers riskSize: 19.3 FTE, total assets €6.3mShow the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small): better than 13% on solvency, 28% on liquidity, 99% on profitability and 32% on growth.
The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 57 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Appointment: JMG Advisory SRL (director)Permanent representatives: Moïse Gabriel JAUMOTTE…
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2020 to 2025net €3.4m ▲64%
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result has risen four years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 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 875 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0.5m | €0.8m | €1.0m | €1.2m | €1.4m | ▲ 17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.02m | €0.1m | €0.08m | €0.08m | €0.08m | ▼ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.05m | -€0.05m | €0 | - | - |
| Other operating charges640/8 | - | €0.002m | €0.008m | €0.008m | €0.008m | €0.009m | ▲ 11.8% |
| Gross operating margin9900 | €0.4m | €0.7m | €2.6m | €2.7m | €4.1m | €6.1m | ▲ 50.0% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €1.6m | €1.6m | €2.8m | €4.6m | ▲ 65.4% |
| Financial income75/76B | - | €0.007m | €0.02m | €0.02m | €0.05m | €0.03m | ▼ 50.2% |
| Recurring financial income75 | €0.006m | €0.007m | €0.02m | €0.02m | €0.05m | €0.03m | ▼ 50.2% |
| Financial charges65/66B | - | €0.003m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 2.2% |
| Recurring financial charges65 | €0.003m | €0.003m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €1.6m | €1.7m | €2.8m | €4.6m | ▲ 63.6% |
| Income taxes67/77 | €0.05m | €0.04m | €0.4m | €0.4m | €0.7m | €1.2m | ▲ 62.4% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €1.2m | €1.2m | €2.1m | €3.4m | ▲ 64.0% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €1.2m | €1.2m | €2.1m | €3.4m | ▲ 64.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.0m | €1.8m | €4.3m | €4.1m | €4.7m | €6.3m | ▲ 34.3% |
| Fixed assets21/28 | €0.03m | €0.2m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 4.7% |
| Intangible fixed assets21 | - | €0.002m | €0.001m | €0.001m | €0.001m | €210 | ▼ 66.3% |
| Tangible fixed assets22/27 | €0.009m | €0.1m | €0.7m | €0.6m | €0.6m | €0.5m | ▼ 8.4% |
| Land and buildings22 | - | €0.04m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €0.01m | €0.01m | €0.009m | €0.008m | €0.006m | ▼ 20.3% |
| Furniture and vehicles24 | - | €0.005m | €0.08m | €0.07m | €0.08m | €0.05m | ▼ 38.4% |
| Leasing and similar rights25 | - | €0.09m | €0.06m | €0.04m | €0.02m | €0.02m | ▲ 56.3% |
| Financial fixed assets28 | €0.02m | €0.03m | €0.07m | €0.08m | €0.1m | €0.1m | ▲ 13.9% |
| Current assets29/58 | €1.0m | €1.6m | €3.6m | €3.4m | €4.0m | €5.7m | ▲ 40.8% |
| Stocks and contracts in progress3 | €0.2m | €0.1m | €0.6m | €0.3m | €0.6m | €0.7m | ▲ 24.3% |
| Contracts in progress37 | - | €0.1m | €0.6m | €0.3m | €0.6m | €0.7m | ▲ 24.3% |
| Amounts receivable within one year40/41 | €0.3m | €0.8m | €1.0m | €1.7m | €1.8m | €3.5m | ▲ 94.8% |
| Trade receivables40 | - | €0.6m | €0.9m | €1.6m | €1.7m | €3.4m | ▲ 104% |
| Other amounts receivable41 | - | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 14.3% |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €1.9m | €1.3m | €1.6m | €1.4m | ▼ 13.8% |
| Deferred charges and accrued income490/1 | - | €0.04m | €0.04m | €0.05m | €0.05m | €0.05m | ▲ 2.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.0m | €1.8m | €4.3m | €4.1m | €4.7m | €6.3m | ▲ 34.3% |
| Equity10/15 | €0.2m | €0.4m | €0.4m | €0.9m | €0.4m | €0.4m | ▼ 0.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.3m | €0.3m | €0.8m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | €0.3m | €0.3m | €0.8m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €328 | €0.001m | €0.001m | €0.001m | €0.001m | €448 | ▼ 44.3% |
| Investment grants15 | - | - | - | €0.05m | €0.05m | €0.04m | ▼ 6.1% |
| Amounts payable17/49 | €0.8m | €1.4m | €3.9m | €3.2m | €4.4m | €6.0m | ▲ 37.2% |
| Amounts payable after more than one year17 | - | €0.06m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 11.7% |
| Financial debts170/4 | - | €0.06m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 11.7% |
| Amounts payable within one year42/48 | €0.8m | €1.3m | €3.5m | €2.8m | €4.0m | €5.7m | ▲ 41.2% |
| Current portion of amounts payable after more than one year42 | - | €0.02m | €0.08m | €0.09m | €0.08m | €0.06m | ▼ 15.2% |
| Trade debts44 | €0.7m | €1.2m | €1.2m | €1.8m | €1.6m | €1.7m | ▲ 8.5% |
| Suppliers440/4 | - | €1.2m | €1.2m | €1.8m | €1.6m | €1.7m | ▲ 8.5% |
| Advances received on contracts in progress46 | - | - | €0.4m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €0.1m | €0.6m | €0.2m | €0.2m | €0.5m | ▲ 150% |
| Taxes450/3 | - | €0.1m | €0.5m | €0.1m | €0.06m | €0.3m | ▲ 499% |
| Remuneration and social security454/9 | - | €0.05m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 5.2% |
| Other amounts payable47/48 | - | €0.002m | €1.2m | €0.8m | €2.2m | €3.4m | ▲ 57.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.2m | €1.2m | €1.2m | €2.1m | €3.4m | ▲ 64.0% |
| + Depreciation and write-downs630 | €0.005m | €0.02m | €0.1m | €0.08m | €0.08m | €0.08m | ▼ 2.3% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €1.3m | €1.3m | €2.2m | €3.5m | ▲ 61.5% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.7m | -€0.03m | -€0.07m | -€0.05m | ▲ 29.7% |
| Change in cash | - | €0.1m | €1.3m | -€0.6m | €0.3m | -€0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| JMG Advisory |
|
| anTma |
|
| F-Konsult |
|
| P-KONSULT |
|
Owners and capital
Owners
3 ownersOwners 3
- Sourceaccounts anTma 202533.23%
-
33.23%
-
33.23%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
08-07
Gazette deed
Appointment: JMG Advisory SRL (director)Permanent representatives: Moïse Gabriel JAUMOTTE, François KAISER and 2 others · Resignations: F-Konsult SRL, P-Konsult SRL and anTma SRL · Power of attorney17 facts ▸
- General meeting, 01-06-2026
- Director appointment, JMG Advisory SRL (director)
- Permanent representative, Moïse Gabriel JAUMOTTE
- Director resignation, F-Konsult SRL (director)
- Permanent representative, François KAISER
- Director resignation, P-Konsult SRL (director)
- Permanent representative, Pierre KAISER
- Director resignation, anTma SRL (director)
- Permanent representative, Laurent KAISER
- Board composition, JMG Advisory SRL (sole director)
- Board meeting, 01-06-2026
- Director resignation, F-Konsult SRL (managing director)
- +5 further facts in this act
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 12 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0721.487.780
Recognitions · licences · registrations
Recognised contractor
4 categories- D General building contractsclass 5, up to €2,172,000
- D1 All shell construction and roofing-in of buildingsclass 5, up to €2,172,000
- E General civil engineering contractsclass 2, up to €330,000
- G General earthworks contractsclass 2, up to €330,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 91039D0178/00T000 | Wallonia | 3,184 m² | 1 · 515 m² | - |