Kanza Group

Active

Private limited companyfounded 20215 yrs activeAndré Dumontlaan 168, 3600 Genk, BelgiumKBO/BCE: BE 0771.754.665

The computed 12-month bankruptcy probability of Kanza Group is 2.1% (moderate). The 2024 annual accounts show equity of €4k and a net result of €33k. Equity is shrinking by ~47% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 24% of 26043 sector peers (fiscal year 2024). 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 2024

43 / 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

Profitability95▲+14

Solvency27▼-39

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.94 against 1.65 in 2023; short-term debt: 97.6% and cash: 1.5% of total assets), and 97.6% 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

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

+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 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

2.4%

Return on assets

21.1%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 26043 sector peers (2024).

NBB · sector comparison

Position among 26043 sector peers

Solvency

better than 24%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

7 d late

2023

222 d late

2022

204 d late

← before the deadline after the 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 2024, micro schema

Equity

€4k▼ 95.4%

2023 · €79k

2022: €61k 2023: €79k

2022 → 2024

Total assets

€154k▼ 18.6%

2023 · €190k

2022: €136k 2023: €190k

2022 → 2024

Net result

€33k▲ 81.4%

2023 · €18k

2022: €59k 2023: €18k

2022 → 2024

Working capital

€-8k

2023 · €72k

2022: €49k 2023: €72k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€61k-€79k▲ 29.6%€4k▼ 95.4%

Operating result€75k-€24k▼ 67.8%€43k▲ 76.3%

Net result€59k-€18k▼ 69.7%€33k▲ 81.4%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 76% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €154k

92.2%

Fixed assets €12k▲ 72.1%

Current assets €142k▼ 22.1%

Equity and liabilities €154k

97.6%

Equity €4k▼ 95.4%

Debt €151k▲ 35.7%

The debt ratio rises from 58.5% to 97.6%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€59k▲

2023 · €30k

Cash flow

€49k▲

2023 · €24k

Solvency

2.4%▼

2023 · 41.5%

Current ratio

0.94▼

2023 · 1.65

Quick ratio

0.94▼

2023 · 1.65

Debt / equity

41.38▲

2023 · 1.41

ROE

895.2%▲

2023 · 22.9%

ROA

21.1%▲

2023 · 9.5%

Interest coverage

88.49▲

2023 · 7.28

Debt

€151k▲

2023 · €111k

Debt ≤ 1 year

€151k▲

2023 · €111k

Income taxes

€10k▲

2023 · €5k

Staff costs

€188k▲

2023 · €103k

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€190k€154k▼

Fixed assets21/28€7k€12k▲

Tangible fixed assets22/27€5k€10k▲

Plant, machinery and equipment23€2k€3k▲

Furniture and vehicles24€3k€7k▲

Financial fixed assets28€2k€2k=

Current assets29/58€183k€142k▼

Amounts receivable within one year40/41€183k€135k▼

Trade receivables40€74k€91k▲

Other amounts receivable41€109k€44k▼

Cash at bank and in hand54/58€126€2k▲

Deferred charges and accrued income490/1-€5k

Equity and liabilities

Total equity and liabilities10/49€190k€154k▼

Equity10/15€79k€4k▼

Contributions10/11€1k€1k=

Reserves13€77k€2k▼

Distributable reserves133€77k€2k▼

Amounts payable17/49€111k€151k▲

Amounts payable within one year42/48€111k€151k▲

Financial debts43€856-

Credit institutions430/8€856-

Trade debts44-€20k

Suppliers440/4-€20k

Taxes, remuneration and social security45€110k€130k▲

Taxes450/3€58k€105k▲

Remuneration and social security454/9€52k€26k▼

Income statement Code20232024

Remuneration, social security and pensions62€103k€188k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€16k▲

Other operating charges640/8€746€2k▲

Gross operating margin9900€133k€248k▲

Operating profit (loss)9901€24k€43k▲

Financial income75/76B€3k€580▼

Recurring financial income75€3k€580▼

Financial charges65/66B€4k€662▼

Recurring financial charges65€4k€662▼

Profit (loss) for the period before taxes9903€23k€43k▲

Income taxes67/77€5k€10k▲

Profit (loss) for the period9904€18k€33k▲

Profit (loss) for the period to be appropriated9905€18k€33k▲

Appropriation of the result

Profit (loss) to be appropriated9906€18k€33k▲

Transfer from equity791/2-€75k

Transfer to equity691/2€18k-

To other reserves6921€18k-

Profit to be distributed694/7-€108k

Return on contributions (dividend)694-€108k

The notes to these accounts (7 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 4Financial 1Filings 3

2025

07-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 7 days late

10-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 222 days late

2024

20-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 204 days late

2023

31-12

Financial Weakest financial yearnet €18k ▼69.7%

Net result drops to €18k, the lowest in the series; recovery starts the following year.

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, Genk · 1 establishment unit since 2021

establishment approximate 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.

André Dumontlaan 1683600 Genk

Ground area

1.8 ha

Building footprint

4,353 m²

Volume, LiDAR

37,761 m³

2 parcels, Flanders · tallest building 35.6 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Linkcon Electric & Data work

Natveld 49, 3740 Bilzen-HoeseltAgents in non-specialised wholesale trade

since 20212.319.980.969

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73006H0750/00N000	Flanders	1.7 ha	1 · 3,886 m²	10.8 m · 3 fl.
71303B1192/00T004	Flanders	1,231 m²	1 · 467 m²	35.6 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.

Recognitions · licences · registrations

Dual-learning approval

1 live approval

Installateur elektrotechnische basiscomponenten duaal (so)

Goedgekeurd · 2025 to 2030

Similar companies · same sector, comparable size

Of 12,959 companies in sector 47120 we hold annual accounts for 2,190. 871 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-07-2021

Fiscal year end31-12

Trade name NL Workstore

Activities, NACEBEL

43211General electrical installation work

47120Other non-specialised retail sale

47910Retail trade

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.