Skip to content

KAP Group

Active
Private limited companyfounded 20232 yrs activeWaterloose Steenweg 584, 1050 Elsene, BelgiumKBO/BCE: BE 1003.859.136
Summary

The computed 12-month bankruptcy probability of KAP Group is 8.6% (elevated). The 2025 annual accounts show negative equity (-€20,934) and a net result of €1,522. Its solvency ranks better than 17% of 13683 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability72▲+72
Solvency0=
Growth78
Track record82
Bankruptcy probability, 12 months
8.6% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.17 in 2024; short-term debt: 54.9% and cash: 21.6% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
-30.8%
Return on assets
2.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 13683 sector peers (2025).
NBB · sector comparison
Position among 13683 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 05-09-2026, 37 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 filings
Deviation from the deadline
2025
37 d late
2024
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 22 December 2023, KAP Group was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
-€20,934▲ 6.8%
2024 · -€22,456
Total assets
€67,887▲ 15.4%
2024 · €58,804
Net result
€1,522
2024 · -€26,456
Working capital
-€9,358▲ 86.1%
2024 · -€67,456
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20242025
Operating result-€26,408-€1,608
Net result-€26,456below the sector's middle half-€1,522within the sector's middle half
Equity-€22,456below the sector's middle half--€20,934below the sector's middle half▲ 6.8%
Total assets€58,804within the sector's middle half-€67,887within the sector's middle half▲ 15.4%
Debt€81,261-€88,821▲ 9.3%
Working capital-€67,456below the sector's middle half--€9,358within the sector's middle half▲ 86.1%
Solvency-38.2%below the sector's middle half--30.8%below the sector's middle half▲ 7.4pp
Current ratio0.17below the sector's middle half-0.75within the sector's middle half▲ 0.58
Return on assets (ROA)-45.0%below the sector's middle half-2.2%within the sector's middle half▲ 47.2pp
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service 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
-€30,000-€20,000-€10,000€0Operating result 2024: -€26,408-€26,408Net result 2024: -€26,456-€26,456Operating result 2025: €1,608€1,608Net result 2025: €1,522€1,52220242025-€30,000-€20,000-€10,000€0Operating result 2024: -€26,408-€26,400Net result 2024: -€26,456-€26,500Operating result 2025: €1,608€1,610Net result 2025: €1,522€1,52020242025
The operating result returns to profit in 2025: €1,608 after a loss of €26,408 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67,887
Fixed assets €40,000 ▼ 11.1%
Current assets €27,887 ▲ 102%
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,608▲
2024 · -€21,408
Cash flow
€6,522▲
2024 · -€21,456
Quick ratio
0.51▲
2024 · 0.15
Debt to equity
-4.24▼
2024 · -3.62
Interest coverage
76.76▲
2024 · -441.40
Debt ≤ 1 year
€37,246▼
2024 · €81,261
Debt > 1 year
€51,576
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 516 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a profit under 5% of the balance sheet
4.5% went bankrupt
2.3% stopped otherwise
92% still going

A further 1.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 8.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 516 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€58,804€67,887▲
Fixed assets21/28€45,000€40,000▼
Intangible fixed assets21€45,000€40,000▼
Current assets29/58€13,804€27,887▲
Stocks and contracts in progress3€2,021€8,820▲
Stocks30/36€2,021€8,820▲
Amounts receivable within one year40/41€2,027-
Trade receivables40€2,027-
Cash at bank and in hand54/58€9,686€14,648▲
Deferred charges and accrued income490/1€71€4,419▲
Equity and liabilities
Total equity and liabilities10/49€58,804€67,887▲
Equity10/15-€22,456-€20,934▲
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14-€26,456-€24,934▲
Amounts payable17/49€81,261€88,821▲
Amounts payable after more than one year17-€51,576
Financial debts170/4-€51,576
Amounts payable within one year42/48€81,261€37,246▼
Current portion of amounts payable after more than one year42€5,400€5,400=
Trade debts44€6,340€25,024▲
Suppliers440/4€6,340€25,024▲
Taxes, remuneration and social security45€256€6,822▲
Taxes450/3€178€6,744▲
Remuneration and social security454/9€78€78=
Other amounts payable47/48€69,265-
Income statement Code20242025
Remuneration, social security and pensions62€3,654-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,000€5,000=
Other operating charges640/8€1,191€300▼
Gross operating margin9900-€16,564€6,908▲
Operating profit (loss)9901-€26,408€1,608▲
Financial charges65/66B€49€86▲
Recurring financial charges65€49€86▲
Profit (loss) for the period before taxes9903-€26,456€1,522▲
Profit (loss) for the period9904-€26,456€1,522▲
Profit (loss) for the period to be appropriated9905-€26,456€1,522▲
Appropriation of the result
Profit (loss) to be appropriated9906-€26,456-€24,934▲
Profit (loss) brought forward from the previous period14P--€26,456

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€3,654--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,000€5,000=
Other operating charges640/8€1,191€300▼ 74.8%
Gross operating margin9900-€16,564€6,908▲ 142%
Operating profit (loss)9901-€26,408€1,608▲ 106%
Financial charges65/66B€49€86▲ 77.5%
Recurring financial charges65€49€86▲ 77.5%
Profit (loss) for the period before taxes9903-€26,456€1,522▲ 106%
Profit (loss) for the period9904-€26,456€1,522▲ 106%
Profit (loss) for the period to be appropriated9905-€26,456€1,522▲ 106%
Line20242025Change
Assets
Total assets20/58€58,804€67,887▲ 15.4%
Fixed assets21/28€45,000€40,000▼ 11.1%
Intangible fixed assets21€45,000€40,000▼ 11.1%
Current assets29/58€13,804€27,887▲ 102%
Stocks and contracts in progress3€2,021€8,820▲ 336%
Stocks30/36€2,021€8,820▲ 336%
Amounts receivable within one year40/41€2,027--
Trade receivables40€2,027--
Cash at bank and in hand54/58€9,686€14,648▲ 51.2%
Deferred charges and accrued income490/1€71€4,419▲ 6,138%
Equity and liabilities
Total equity and liabilities10/49€58,804€67,887▲ 15.4%
Equity10/15-€22,456-€20,934▲ 6.8%
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14-€26,456-€24,934▲ 5.8%
Amounts payable17/49€81,261€88,821▲ 9.3%
Amounts payable after more than one year17-€51,576-
Financial debts170/4-€51,576-
Amounts payable within one year42/48€81,261€37,246▼ 54.2%
Current portion of amounts payable after more than one year42€5,400€5,400=
Trade debts44€6,340€25,024▲ 295%
Suppliers440/4€6,340€25,024▲ 295%
Taxes, remuneration and social security45€256€6,822▲ 2,568%
Taxes450/3€178€6,744▲ 3,690%
Remuneration and social security454/9€78€78=
Other amounts payable47/48€69,265--
Line20242025Change
Profit (loss) for the period9904-€26,456€1,522▲ 106%
+ Depreciation and write-downs630€5,000€5,000=
Operating cash flow (approximation)-€21,456€6,522▲ 130%
Investment in fixed assets (approximation)-€0-
Change in cash-€4,962-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
05-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 37 days late
2025
30-12
Financial Back to profitnet €1,522
Net result €1,522 after one loss-making year.
31-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Elsene · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
124 m²
Building footprint
111 m²
Volume, LiDAR
1,880 m³
Parcel 21447B0276/00W000, Brussels · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Le Damier
Waterloose Steenweg 584, 1050 ElseneCafés and bars
since 20232.353.339.467
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0276/00W000 Brussels 123 m² 1 · 111 m² 19.3 m · 6 fl.
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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Elsene2.353.339.467
1 permission
Drankgelegenheid · since 01-01-2024

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,001 companies in sector 56301 we hold annual accounts for 4,899. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-12-2023
Fiscal year end30-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003859136
Also 9925:BE1003859136
Registered 15-07-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.