KajO Projects

Active

Private limited companyfounded 20215 yrs activeAbtsdreef 139, 2940 Stabroek, BelgiumKBO/BCE: BE 0761.433.370

The computed 12-month bankruptcy probability of KajO Projects is 2.1% (moderate). The 2025 annual accounts show equity of €39k and a net result of €3k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 27319 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

41 / 100

Weak▼ -8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability38▼-9

Solvency29▲+3

Growth52=

Stability94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days only on tighter terms

Liquidity short (current ratio 0.96 against 0.87 in 2024), and 78% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

22%

Return on assets

1.7%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 27319 sector peers (2025).

NBB · sector comparison

Position among 27319 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

14 d early

2024

13 d early

2023

2 d late

2022

16 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€39k▲ 8.1%

2024 · €36k

2022: €32k 2023: €33k 2024: €36k

2022 → 2025

Total assets

€177k▲ 5.5%

2024 · €168k

2022: €159k 2023: €125k 2024: €168k

2022 → 2025

Net result

€3k▼ 13.5%

2024 · €3k

2022: €31k 2023: €675 2024: €3k

2022 → 2025

Working capital

€-5k▲ 68.4%

2024 · €-17k

2022: €23k 2023: €22k 2024: €-17k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€32k-€33k▲ 2.1%€36k▲ 10.4%€39k▲ 8.1%

Operating result€38k-€2k▼ 93.5%€6k▲ 122%€7k▲ 21.2%

Net result€31k-€675▼ 97.8%€3k▲ 401%€3k▼ 13.5%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €177k

25.0%

75.0%

Fixed assets €44k▼ 16.1%

Current assets €133k▲ 15.4%

Equity and liabilities €177k

22.0%

78.0%

Equity €39k▲ 8.1%

Debt €138k▲ 4.8%

The debt ratio falls from 78.5% to 78.0%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

EBITDA

€20k▲

2024 · €9k

Cash flow

€16k▲

2024 · €6k

Solvency

22.0%▲

2024 · 21.5%

Current ratio

0.96▲

2024 · 0.87

Quick ratio

0.96▲

2024 · 0.87

Debt / equity

3.55▼

2024 · 3.66

ROE

7.5%▼

2024 · 9.4%

ROA

1.7%▼

2024 · 2.0%

Interest coverage

7.09▼

2024 · 8.52

Debt

€138k▲

2024 · €132k

Debt ≤ 1 year

€138k▲

2024 · €132k

Income taxes

€1k▼

2024 · €1k

Staff costs

€0▼

2024 · €78k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€168k€177k▲

Fixed assets21/28€53k€44k▼

Tangible fixed assets22/27€53k€44k▼

Plant, machinery and equipment23€14k€8k▼

Furniture and vehicles24€39k€36k▼

Current assets29/58€115k€133k▲

Amounts receivable within one year40/41€107k€129k▲

Trade receivables40€78k€7k▼

Other amounts receivable41€29k€123k▲

Cash at bank and in hand54/58€4k€3k▼

Deferred charges and accrued income490/1€4k€234▼

Equity and liabilities

Total equity and liabilities10/49€168k€177k▲

Equity10/15€36k€39k▲

Contributions10/11€1k€1k=

Profit (loss) carried forward14€35k€38k▲

Amounts payable17/49€132k€138k▲

Amounts payable within one year42/48€132k€138k▲

Trade debts44€20k€7k▼

Suppliers440/4€20k€7k▼

Taxes, remuneration and social security45€2k€2k▲

Taxes450/3€2k€2k▲

Remuneration and social security454/9€0-

Other amounts payable47/48€110k€129k▲

Income statement Code20242025

Remuneration, social security and pensions62€78k€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€13k▲

Other operating charges640/8€973€18k▲

Non-recurring operating charges66A-€256

Gross operating margin9900€88k€38k▼

Operating profit (loss)9901€6k€7k▲

Financial income75/76B€309€342▲

Recurring financial income75€309€342▲

Financial charges65/66B€1,000€3k▲

Recurring financial charges65€1,000€3k▲

Profit (loss) for the period before taxes9903€5k€4k▼

Income taxes67/77€1k€1k▼

Profit (loss) for the period9904€3k€3k▼

Profit (loss) for the period to be appropriated9905€3k€3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€35k€38k▲

Profit (loss) brought forward from the previous period14P€32k€35k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

17-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

18-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

02-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 2 days late

2023

31-12

Financial Weakest financial yearnet €675 ▼97.8%

Net result drops to €675, the lowest in the series; recovery starts the following year.

16-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 16 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2023

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

28-09-2023 BOUW RENOVATIE MANAGEMENT: Resigned as Director

25-07-2021 DAKWERKEN KALKMAN: Resigned as Director

Location & real-estate footprint

Registered office, Stabroek · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Abtsdreef 1392940 Stabroek

Ground area

974 m²

Building footprint

123 m²