KAMI-CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of KAMI-CONSTRUCT is 5.6% (elevated). The annual accounts of KAMI-CONSTRUCT for fiscal year 2024 show a net loss of 50% of total assets and of 65% of the equity at the start of that year. The 2024 annual accounts show equity of €3k and a net result of €-5k. Equity is shrinking by ~32.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 34% of 9981 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency52▼-43
Growth39=
Track record100
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.38 against 3.34 in 2023; short-term debt: 72.6% and cash: 85.5% of total assets), and 72.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
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 2024Solvency, return and age of the figures
Solvency
27.4%
Return on assets
-50%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
28 d late
2023
30 d late
2022
27 d late
2021
3 d late
2020
6 d late
2019
115 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€93k▲ 12.1%
2019 · €83k
2019: €83k
2019 → 2021
EBIT margin
-11.1%▼ 28.4pp
2019 · 17.3%
2019: 17.3%
2019 → 2021
Net result
€-5k▼ 211%
2023 · €-2k
2019: €12k
2020: €1k
2021: €-11k
2022: €1k
2023: €-2k
2019 → 2024
Working capital
€3k▼ 63.9%
2023 · €8k
2019: €12k
2020: €17k
2021: €7k
2022: €9k
2023: €8k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€93k
Equity€19k-€9k▼ 55.0%€10k▲ 14.2%€8k▼ 17.2%€3k▼ 64.6%
Operating result€2k-€-10k€2k€-2k€-5k▼ 229%
Net result€1k-€-11k€1k€-2k€-5k▼ 211%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2024 against €2k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €11k
Equity
€3k▼ 64.6%
Debt
€8k▲ 124%
The debt ratio rises from 29.5% to 72.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2023 · €-1k
Cash flow
€-5k▼
2023 · €-1k
Solvency
27.4%▼
2023 · 70.5%
Current ratio
1.38▼
2023 · 3.34
Quick ratio
1.38▼
2023 · 1.45
Debt / equity
2.65▲
2023 · 0.42
ROE
-182.7%▼
2023 · -20.8%
ROA
-50.0%▼
2023 · -14.7%
Interest coverage
-17.04▼
2023 · -9.39
Debt
€8k▲
2023 · €3k
Debt ≤ 1 year
€8k▲
2023 · €3k
Income taxes
€-132▼
2023 · €41
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€12k€11k▼
Fixed assets21/28€176-
Tangible fixed assets22/27€176-
Plant, machinery and equipment23€93-
Furniture and vehicles24€82-
Current assets29/58€11k€11k▼
Stocks and contracts in progress3€6k-
Stocks30/36€4k-
Contracts in progress37€3k-
Amounts receivable within one year40/41€3k€1k▼
Trade receivables40€3k€1k▼
Other amounts receivable41€154-
Cash at bank and in hand54/58€2k€9k▲
Deferred charges and accrued income490/1€180€78▼
Equity and liabilities
Total equity and liabilities10/49€12k€11k▼
Equity10/15€8k€3k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€84€-5k▼
Amounts payable17/49€3k€8k▲
Amounts payable within one year42/48€3k€8k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€251€780▲
Taxes450/3€251€780▲
Other amounts payable47/48€193€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€548€176▼
Other operating charges640/8€414€2k▲
Gross operating margin9900€-591€-3k▼
Operating profit (loss)9901€-2k€-5k▼
Financial income75/76B€7€2▼
Recurring financial income75€7€2▼
Financial charges65/66B€107€289▲
Recurring financial charges65€107€289▲
Profit (loss) for the period before taxes9903€-2k€-5k▼
Income taxes67/77€41€-132▼
Profit (loss) for the period9904€-2k€-5k▼
Profit (loss) for the period to be appropriated9905€-2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84€-5k▼
Profit (loss) brought forward from the previous period14P€2k€84▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Weakest financial yearnet €-11k ▼870%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.98
Current ratio from 1.78 to 3.98; short-term debt falls from €16k to €6k.
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 115 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, Brussel · 1 establishment unit since 2019
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.
Frans Vekemansstraat 521120 BrusselGround area
464 m²
Building footprint
252 m²
Volume, LiDAR
2,312 m³
2 parcels, Brussels · tallest building 24.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KAMI-CONSTRUCT
since 20192.300.603.933
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819B0081/00F005 | Brussels | 307 m² | 1 · 160 m² | 12.6 m · 3 fl. |
| 21815D0132/00X000 | Brussels | 157 m² | 1 · 92 m² | 24.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 4,470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-04-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.