KASO CONSTRUCT

Active

Private limited company (pre-2019)founded 20169 yrs activeWaterloose Steenweg 545/B2, 1050 Elsene, BelgiumKBO/BCE: BE 0664.727.835

The computed 12-month bankruptcy probability of KASO CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €42k and a net result of €6k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 64% of 27676 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability79▲+5

Solvency85▲+5

Growth35=

Track record100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 2.21 against 1.82 in 2024; short-term debt: 40.3% and cash: 9.8% of total assets), and 40.3% 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

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

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-11-2025, 20 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 · 7 filings

Deviation from the deadline

2025

20 d late

2024

on the day

2023

13 d late

2021

39 d late

2020

1 d early

2019

55 d early

2018

36 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close20-09-2026 today31-10-2026 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 2025, micro schema

Turnover

€30k▼ 74.1%

2020 · €117k

2019: €147k 2020: €117k

2019 → 2021

EBIT margin

0.8%▲ 0.6pp

2020 · 0.2%

2019: 11.7% 2020: 0.2%

2019 → 2021

Net result

€6k▲ 88.0%

2024 · €3k

2019: €14k 2020: €61 2021: €180 2023: €212 2024: €3k

2019 → 2025

Working capital

€34k▲ 43.2%

2024 · €24k

2019: €32k 2020: €33k 2021: €33k 2023: €33k 2024: €24k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202320242025Trend

Turnover€117k-€30k▼ 74.1%

Equity€33k-€33k▲ 0.5%€33k▲ 1.2%€36k▲ 9.1%€42k▲ 15.6%

Operating result€241-€255▲ 5.6%€423▲ 66.0%€5k▲ 972%€8k▲ 71.4%

Net result€61-€180▲ 196%€212▲ 17.6%€3k▲ 1,328%€6k▲ 88.0%

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2025 is 71% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €70k

11%

89.2%

Fixed assets €8k▼ 38.2%

Current assets €63k▲ 17.6%

Equity and liabilities €70k

59.7%

40.3%

Equity €42k▲ 15.6%

Debt €28k▼ 3.4%

The debt ratio falls from 44.7% to 40.3%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€12k▲

2024 · €6k

Cash flow

€10k▲

2024 · €5k

Solvency

59.7%▲

2024 · 55.3%

Current ratio

2.21▲

2024 · 1.82

Quick ratio

2.21▲

2024 · 1.82

Debt / equity

0.67▼

2024 · 0.81

ROE

13.5%▲

2024 · 8.3%

ROA

8.1%▲

2024 · 4.6%

Interest coverage

26.51▲

2024 · 9.64

Debt

€28k▼

2024 · €29k

Debt ≤ 1 year

€28k▼

2024 · €29k

Income taxes

€2k▲

2024 · €850

Staff costs

€8k

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€66k€70k▲

Fixed assets21/28€12k€8k▼

Tangible fixed assets22/27€12k€8k▼

Furniture and vehicles24€12k€8k▼

Current assets29/58€53k€63k▲

Amounts receivable within one year40/41€51k€56k▲

Trade receivables40€48k€53k▲

Other amounts receivable41€4k€3k▼

Cash at bank and in hand54/58€2k€7k▲

Equity and liabilities

Total equity and liabilities10/49€66k€70k▲

Equity10/15€36k€42k▲

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€28k€34k▲

Amounts payable17/49€29k€28k▼

Amounts payable within one year42/48€29k€28k▼

Trade debts44€8k€15k▲

Suppliers440/4€8k€853▼

Bills of exchange payable441€230€14k▲

Taxes, remuneration and social security45€850€6k▲

Taxes450/3€850€2k▲

Remuneration and social security454/9-€4k

Other amounts payable47/48€20k€7k▼

Income statement Code20242025

Remuneration, social security and pensions62-€8k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲

Other operating charges640/8€266€365▲

Gross operating margin9900€7k€21k▲

Operating profit (loss)9901€5k€8k▲

Financial charges65/66B€658€471▼

Recurring financial charges65€658€471▼

Profit (loss) for the period before taxes9903€4k€7k▲

Income taxes67/77€850€2k▲

Profit (loss) for the period9904€3k€6k▲

Profit (loss) for the period to be appropriated9905€3k€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€28k€34k▲

Profit (loss) brought forward from the previous period14P€25k€28k▲

The notes to these accounts (6 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 9Financial 2Filings 7

Next filing, fiscal year 2026, expected by 31-10-2026

2025

20-11

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 20 days late

2024

31-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2023

13-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 13 days late

2021

09-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 39 days late

2020

30-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema

31-03

Financial Weakest financial yearnet €61 ▼99.6%

Net result drops to €61, the lowest in the series; recovery starts the following year.

31-03

Financial Liquidity times 15current ratio 74.23

Current ratio from 5.10 to 74.23; short-term debt falls from €8k to €448.

2019

06-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2018

25-09

NBB filing Annual accounts filed

fiscal year 2018 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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 2016

establishment 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.

Waterloose Steenweg 545/B21050 Elsene

Ground area

722 m²

Building footprint

317 m²

Volume, LiDAR

4,087 m³

2 parcels, Brussels · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

KASO CONSTRUCT

Emmanuel Van Driesschestraat 40, 1050 ElseneSpecialised construction activities

since 20162.281.295.983

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21447B0306/00X033	Brussels	432 m²	1 · 206 m²	18.1 m · 5 fl.
21447B0330/00P003	Brussels	289 m²	1 · 111 m²	17.8 m · 5 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.

Similar companies · same sector, comparable size

Luis Miguel Advanced Construction

Knokke-Heist · Eq €42k

iFix

BE 0842.180.427

Antwerpen · Eq €42k

Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 5,969 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded18-10-2016

Fiscal year end31-03

Activities, NACEBEL

41001General construction of residential buildings

43990Other specialised construction activities

43999Specialised construction activities

81210General cleaning of buildings

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 7 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.