KANKA
ActiveSummary
KANKA has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59,058 and a net result of -€7,457. Equity is growing by ~38.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-25
Solvency35▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.63 against 2.13 in 2023; short-term debt: 61.1% and cash: 0.4% of total assets), and 89.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Solvency, return and age of the figures
Solvency
10.5%
Return on assets
-1.3%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
120 d late
2022
186 d late
2021
183 d late
2020
97 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 135 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€59,058▼ 11.2%
2023 · €66,515
Total assets
€562,601▲ 6.1%
2023 · €530,233
Net result
-€7,457
2023 · €18,719
Working capital
-€126,228
2023 · €120,015
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€5,290-€12,294€69,295▲ 464%€38,576▼ 44.3%€20,428▼ 47.0%
Net result-€5,451within the sector's middle half-€9,236within the sector's middle half€43,012above the sector's middle half▲ 366%€18,719within the sector's middle half▼ 56.5%-€7,457within the sector's middle half
Equity-€4,451below the sector's middle half-€4,785below the sector's middle half€47,797within the sector's middle half▲ 899%€66,515within the sector's middle half▲ 39.2%€59,058within the sector's middle half▼ 11.2%
Total assets€80,085below the sector's middle half-€212,643within the sector's middle half▲ 166%€666,648within the sector's middle half▲ 214%€530,233within the sector's middle half▼ 20.5%€562,601within the sector's middle half▲ 6.1%
Debt€84,536-€207,858▲ 146%€618,852▲ 198%€463,717▼ 25.1%€503,543▲ 8.6%
Working capital-€6,858within the sector's middle half-€2,633within the sector's middle half-€30,345within the sector's middle half€120,015above the sector's middle half-€126,228below the sector's middle half
Solvency-5.6%below the sector's middle half-2.3%below the sector's middle half▲ 7.8pp7.2%within the sector's middle half▲ 4.9pp12.5%within the sector's middle half▲ 5.4pp10.5%within the sector's middle half▼ 2.0pp
Current ratio0.92within the sector's middle half-1.01within the sector's middle half▲ 0.090.92within the sector's middle half▼ 0.092.13within the sector's middle half▲ 1.200.63within the sector's middle half▼ 1.49
Return on assets (ROA)-6.8%below the sector's middle half-4.3%within the sector's middle half▲ 11.2pp6.5%within the sector's middle half▲ 2.1pp3.5%within the sector's middle half▼ 2.9pp-1.3%within the sector's middle half▼ 4.9pp
Staff (FTE)2.4above the sector's middle half-1.9▼ 20.8%2.1▲ 10.5%2.7▲ 28.6%3.2▲ 18.5%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 47% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €562,601
Fixed assets
€345,201 ▲ 13.7%
Current assets
€217,401 ▼ 4.0%
Equity and liabilities €562,601
Equity
€59,058 ▼ 11.2%
Debt
€503,543 ▲ 8.6%
Debt's share of the balance-sheet total rises from 87.5% to 89.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,767▼
2023 · €40,506
Cash flow
€3,882▼
2023 · €20,648
Debt to equity
8.53▲
2023 · 6.97
ROE
-12.6%▼
2023 · 28.1%
Interest coverage
1.15▼
2023 · 3.42
Debt ≤ 1 year
€343,628▲
2023 · €106,506
Debt > 1 year
€159,915▼
2023 · €357,211
Income taxes
€253▼
2023 · €8,027
Staff costs
€35,497▼
2023 · €55,635
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,549 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €21,252 | €41,840 | €55,635 | €35,497 | ▼ 36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €144 | €255 | €30,021 | €1,930 | €11,339 | ▲ 488% |
| Other operating charges640/8 | - | €1,135 | €7,371 | €675 | €565 | ▼ 16.3% |
| Non-recurring operating charges66A | - | €1,560 | €2,426 | €50 | - | - |
| Gross operating margin9900 | €25,770 | €36,496 | €150,952 | €96,866 | €67,830 | ▼ 30.0% |
| Operating profit (loss)9901 | -€5,290 | €12,294 | €69,295 | €38,576 | €20,428 | ▼ 47.0% |
| Financial income75/76B | - | €574 | €3,815 | €1 | €6 | ▲ 519% |
| Recurring financial income75 | €55 | €574 | €3,815 | €1 | €6 | ▲ 519% |
| Financial charges65/66B | - | €846 | €10,145 | €11,832 | €27,638 | ▲ 134% |
| Recurring financial charges65 | €216 | €846 | €10,145 | €11,832 | €27,638 | ▲ 134% |
| Profit (loss) for the period before taxes9903 | -€5,451 | €12,021 | €62,965 | €26,745 | -€7,204 | ▼ 127% |
| Income taxes67/77 | - | €2,785 | €19,953 | €8,027 | €253 | ▼ 96.8% |
| Profit (loss) for the period9904 | -€5,451 | €9,236 | €43,012 | €18,719 | -€7,457 | ▼ 140% |
| Profit (loss) for the period to be appropriated9905 | -€5,451 | €9,236 | €43,012 | €18,719 | -€7,457 | ▼ 140% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80,085 | €212,643 | €666,648 | €530,233 | €562,601 | ▲ 6.1% |
| Fixed assets21/28 | €2,406 | €2,151 | €305,641 | €303,712 | €345,201 | ▲ 13.7% |
| Tangible fixed assets22/27 | €2,406 | €2,151 | €305,641 | €303,712 | €345,201 | ▲ 13.7% |
| Land and buildings22 | - | - | €287,500 | €287,500 | €287,500 | = |
| Plant, machinery and equipment23 | - | €2,151 | €1,896 | €1,641 | €1,386 | ▼ 15.5% |
| Furniture and vehicles24 | - | - | - | - | €43,419 | - |
| Other tangible fixed assets26 | - | - | €16,245 | €14,570 | €12,896 | ▼ 11.5% |
| Current assets29/58 | €77,678 | €210,491 | €361,007 | €226,521 | €217,401 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €59,162 | €184,089 | €185,441 | €105,838 | €133,195 | ▲ 25.8% |
| Trade receivables40 | - | €165,820 | €66,790 | €77,724 | €106,035 | ▲ 36.4% |
| Other amounts receivable41 | - | €18,269 | €118,652 | €28,113 | €27,160 | ▼ 3.4% |
| Cash at bank and in hand54/58 | €17,739 | €21,745 | €172,510 | €69,560 | €2,016 | ▼ 97.1% |
| Deferred charges and accrued income490/1 | - | €4,657 | €3,056 | €51,123 | €82,190 | ▲ 60.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80,085 | €212,643 | €666,648 | €530,233 | €562,601 | ▲ 6.1% |
| Equity10/15 | -€4,451 | €4,785 | €47,797 | €66,515 | €59,058 | ▼ 11.2% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€5,451 | €3,785 | €46,797 | €65,515 | €58,058 | ▼ 11.4% |
| Amounts payable17/49 | €84,536 | €207,858 | €618,852 | €463,717 | €503,543 | ▲ 8.6% |
| Amounts payable after more than one year17 | - | - | €227,500 | €357,211 | €159,915 | ▼ 55.2% |
| Financial debts170/4 | - | - | €227,500 | €227,500 | - | - |
| Other amounts payable178/9 | - | - | - | €129,711 | €159,915 | ▲ 23.3% |
| Amounts payable within one year42/48 | €84,536 | €207,858 | €391,352 | €106,506 | €343,628 | ▲ 223% |
| Financial debts43 | - | - | - | - | €242,852 | - |
| Credit institutions430/8 | - | - | - | - | €242,852 | - |
| Trade debts44 | €34,848 | €175,092 | €15,866 | - | - | - |
| Suppliers440/4 | - | €175,092 | €15,866 | - | - | - |
| Taxes, remuneration and social security45 | - | €19,865 | €57,884 | €50,306 | €37,507 | ▼ 25.4% |
| Taxes450/3 | - | €12,457 | €45,212 | €32,501 | €15,820 | ▼ 51.3% |
| Remuneration and social security454/9 | - | €7,408 | €12,671 | €17,805 | €21,687 | ▲ 21.8% |
| Other amounts payable47/48 | - | €12,900 | €317,602 | €56,200 | €63,270 | ▲ 12.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,451 | €9,236 | €43,012 | €18,719 | -€7,457 | ▼ 140% |
| + Depreciation and write-downs630 | €144 | €255 | €30,021 | €1,930 | €11,339 | ▲ 488% |
| Operating cash flow (approximation) | -€5,308 | €9,491 | €73,032 | €20,648 | €3,882 | ▼ 81.2% |
| Investment in fixed assets (approximation) | - | €0 | -€333,510 | €0 | -€52,828 | - |
| Change in cash | - | €4,007 | €150,765 | -€102,950 | -€67,544 | ▲ 34.4% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Weakest financial yearnet -€7,457
Net result drops to -€7,457, the lowest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 186 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 2.13
Current ratio from 0.92 to 2.13; short-term debt falls from €391,352 to €106,506.
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 183 days late
2022
31-12
Financial
Highest result since 2020net €43,012 ▲366%
Operating result €69,295, net result €43,012, both a record.
2021
31-12
Financial
Back to profitnet €9,236
Net result €9,236 after one loss-making year.
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 97 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Charleroi · 1 establishment unit since 2020
Ground area
592 m²
Building footprint
138 m²
Volume, LiDAR
1,210 m³
2 parcels, Wallonia · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KANKA
since 20202.298.195.957
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52040A0191/00P000 | Wallonia | 375 m² | 1 · 85 m² | 9.0 m · 3 fl. |
| 52026C0015/00S000 | Wallonia | 216 m² | 1 · 53 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,983 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740814239
Also
9925:BE0740814239
Registered
14-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.