KASA CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of KASA CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €120k and a net result of €71k. Equity is growing by ~56.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 4462 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+2
Solvency47▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.36 in 2024; short-term debt: 77.5% and cash: 14.6% of total assets), and 77.5% 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.
−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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.5%
Return on assets
13.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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 · 5 filingsDeviation from the deadline
2025
40 d late
2024
46 d late
2023
55 d late
2022
23 d late
2021
60 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▲ 52.4%
2024 · €79k
2021: €15k
2022: €34k
2023: €50k
2024: €79k
2021 → 2025
Total assets
€535k▲ 117%
2024 · €247k
2021: €71k
2022: €87k
2023: €171k
2024: €247k
2021 → 2025
Net result
€71k▲ 147%
2024 · €29k
2021: €15k
2022: €19k
2023: €16k
2024: €29k
2021 → 2025
Working capital
€109k▲ 81.8%
2024 · €60k
2021: €14k
2022: €26k
2023: €37k
2024: €60k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€34k▲ 126%€50k▲ 49.0%€79k▲ 57.8%€120k▲ 52.4%
Operating result€19k-€23k▲ 22.3%€20k▼ 13.7%€40k▲ 97.8%€97k▲ 141%
Net result€15k-€19k▲ 25.9%€16k▼ 12.0%€29k▲ 75.6%€71k▲ 147%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 141% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €535k
Fixed assets
€11k▼ 41.0%
Current assets
€524k▲ 130%
Equity and liabilities €535k
Equity
€120k▲ 52.4%
Debt
€415k▲ 147%
The debt ratio rises from 68.0% to 77.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105k▲
2024 · €48k
Cash flow
€80k▲
2024 · €37k
Solvency
22.5%▼
2024 · 32.0%
Current ratio
1.26▼
2024 · 1.36
Quick ratio
1.18▼
2024 · 1.36
Debt / equity
3.45▲
2024 · 2.13
ROE
59.3%▲
2024 · 36.6%
ROA
13.3%▲
2024 · 11.7%
Interest coverage
60.87▼
2024 · 68.60
Debt
€415k▲
2024 · €168k
Debt ≤ 1 year
€415k▲
2024 · €168k
Income taxes
€27k▲
2024 · €9k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€247k€535k▲
Fixed assets21/28€19k€11k▼
Tangible fixed assets22/27€17k€11k▼
Plant, machinery and equipment23€9k€4k▼
Furniture and vehicles24€9k€7k▼
Financial fixed assets28€2k-
Current assets29/58€228k€524k▲
Stocks and contracts in progress3-€34k
Stocks30/36-€34k
Amounts receivable within one year40/41€205k€410k▲
Trade receivables40€161k€365k▲
Other amounts receivable41€44k€44k▲
Cash at bank and in hand54/58€23k€78k▲
Deferred charges and accrued income490/1€207€2k▲
Equity and liabilities
Total equity and liabilities10/49€247k€535k▲
Equity10/15€79k€120k▲
Profit (loss) carried forward14€79k€120k▲
Amounts payable17/49€168k€415k▲
Amounts payable within one year42/48€168k€415k▲
Trade debts44€154k€341k▲
Suppliers440/4€154k€341k▲
Taxes, remuneration and social security45€14k€44k▲
Taxes450/3€14k€41k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48-€30k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€1k€5k▲
Gross operating margin9900€49k€111k▲
Operating profit (loss)9901€40k€97k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€697€2k▲
Non-recurring financial charges66B€4k-
Profit (loss) for the period before taxes9903€38k€98k▲
Income taxes67/77€9k€27k▲
Profit (loss) for the period9904€29k€71k▲
Profit (loss) for the period to be appropriated9905€29k€71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€79k€150k▲
Profit (loss) brought forward from the previous period14P€50k€79k▲
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-12
Financial
Highest result since 2021net €71k ▲147%
Operating result €97k, net result €71k, both a record.
31-12
Financial
Equity above €100kEq €120k ▲52.4%
5 profitable years in a row build equity to €120k.
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-01-2026
Resigned as Director
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 2020
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.
Rue des Coquelicots 14431 AnsGround area
1,387 m²
Building footprint
211 m²
Volume, LiDAR
1,359 m³
Parcel 62066A0014/00D000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KASA CONSTRUCT
since 20202.303.231.544
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62066A0014/00D000 | Wallonia | 1,387 m² | 1 · 211 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,363. 3,590 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2020
Fiscal year end31-12
Activities, NACEBEL
43910Bricklaying and masonry work
81300Landscape service activities
43120Site preparation
43130Specialised construction activities
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.