KAL IMMO
ActiveSummary
KAL IMMO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €-15k. Its solvency ranks better than 36% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▼-8
Solvency39▼-61
Growth32
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.0; short-term debt: 23.5% and cash: 0% of total assets), and 86.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.5%
Return on assets
-4.6%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year €-15k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-06-2026, 34 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 · 2 filingsDeviation from the deadline
2025
34 d late
2024
41 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€44k▼ 25.6%
2024 · €60k
Total assets
€329k▲ 451%
2024 · €60k
Net result
€-15k▼ 801%
2024 · €-2k
Working capital
€-77k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€-2k-€6k
Net result€-2k-€-15k▼ 801%
Equity€60k-€44k▼ 25.6%
Total assets€60k-€329k▲ 451%
Debt€285k
Working capital€-77k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €2k in 2024.
Balance-sheet composition
Assets €329k
Fixed assets
€329k
Current assets
€156
Equity and liabilities €329k
Equity
€44k
Debt
€285k
Debt finances 86.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€23k▲
2024 · €0
Cash flow
€2k▲
2024 · €0
Current ratio
0.00
Debt to equity
6.40
ROE
-34.4%▼
2024 · -2.8%
ROA
-4.6%▼
2024 · -2.8%
Interest coverage
1.07
Debt ≤ 1 year
€77k
Debt > 1 year
€207k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €17k | ▲ 894% |
| Other operating charges640/8 | - | €4k | - |
| Gross operating margin9900 | - | €26k | - |
| Operating profit (loss)9901 | €-2k | €6k | ▲ 439% |
| Financial charges65/66B | - | €21k | - |
| Recurring financial charges65 | - | €21k | - |
| Profit (loss) for the period before taxes9903 | €-2k | €-15k | ▼ 801% |
| Profit (loss) for the period9904 | €-2k | €-15k | ▼ 801% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-15k | ▼ 801% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60k | €329k | ▲ 451% |
| Fixed assets21/28 | - | €329k | - |
| Tangible fixed assets22/27 | - | €329k | - |
| Land and buildings22 | - | €329k | - |
| Current assets29/58 | €60k | €156 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €60k | €156 | ▼ 99.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60k | €329k | ▲ 451% |
| Equity10/15 | €60k | €44k | ▼ 25.6% |
| Contributions10/11 | €62k | €62k | = |
| Capital10 | €62k | €62k | = |
| Issued capital100 | €62k | €62k | = |
| Profit (loss) carried forward14 | €-2k | €-17k | ▼ 901% |
| Amounts payable17/49 | - | €285k | - |
| Amounts payable after more than one year17 | - | €207k | - |
| Financial debts170/4 | - | €207k | - |
| Amounts payable within one year42/48 | - | €77k | - |
| Current portion of amounts payable after more than one year42 | - | €12k | - |
| Other amounts payable47/48 | - | €65k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-15k | ▼ 801% |
| + Depreciation and write-downs630 | €2k | €17k | ▲ 894% |
| Operating cash flow (approximation) | €0 | €2k | - |
| Change in cash | - | €-60k | - |
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
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 2023
Ground area
89 m²
Building footprint
43 m²
Parcel 52342B0055/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
KAL IMMO
since 20232.349.388.795
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52342B0055/00L000 | Wallonia | 89 m² | 1 · 43 m² | - |
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.
Similar companies · same sector, comparable size
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ANACON
BE 0828.515.503
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ONB CONSTRUCTION
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GROUP 4 PROJECT
BE 0739.851.662
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 4,919 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-08-2023
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
Contact
E-mail
kemalalinak@gmail.com
Phone
+32484896810
Scores and ratios are computed by Checked and are not a credit decision.