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KAY GROUP

Active
Public limited companyfounded 20224 years activeLeestbeekstraat 7, 1853 Grimbergen, BelgiumKBO/BCE: BE 0788.819.242
Summary

The computed 12-month bankruptcy probability of KAY GROUP is 3.0% (moderate). The 2025 annual accounts show equity of €26,690 and a net result of -€9,143. Equity is shrinking by ~45.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€196,951total assets 2025
Equity
€26,690
Loss
-€9,143
Turnover not published (abridged schema)
Financial health
49 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.0%
Structure
Accounts on time0 of 3 deeds read
Why 49- 2 of the last 3 late- 1 change of registered office in 24 months+ Size: total assets €196,951+ Figures for FY 2025 (filed 31-07-2026)Show the evidence

Checked score

Score 2025
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 26% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Weak
Solvency 39+5
equity 13.6% of total assets
Liquidity 56+25
short-term debt 0.6% · cash 4.4%
Profitability 13+2
return on assets -4.6%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 2.2%lowest value 12-2024: 2.2%● unchanged vs 11-2024lowest value 01-2025: 2.2%● unchanged vs 12-2024 02-2025: 2.2%● unchanged vs 01-2025 03-2025: 2.2%● unchanged vs 02-2025 04-2025: 2.5%▲ +0.3 percentage points vs 03-2025 05-2025: 2.7%▲ +0.2 percentage points vs 04-2025 06-2025: 3.2%▲ +0.5 percentage points vs 05-2025 07-2025: 3.2%● unchanged vs 06-2025 08-2025: 7.1%▲ +3.9 percentage points vs 07-2025 09-2025: 7.3%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 5.7%▼ -1.6 percentage points vs 09-2025 11-2025: 2.4%▼ -3.3 percentage points vs 10-2025 12-2025: 2.4%● unchanged vs 11-2025 01-2026: 2.4%● unchanged vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.5%▲ +0.1 percentage points vs 02-2026 04-2026: 2.9%▲ +0.4 percentage points vs 03-2026 05-2026: 3.1%▲ +0.2 percentage points vs 04-2026 06-2026: 3.6%▲ +0.5 percentage points vs 05-2026 07-2026: 3.6%● unchanged vs 06-2026 08-2026: 3.0%▼ -0.6 percentage points vs 07-2026 09-2026: 3.0%● unchanged vs 08-2026 10-2026: 3.0%● unchanged vs 09-2026
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 7.02 against 1.34 in 2024; short-term debt: 0.6% and cash: 4.4% of total assets), but 86.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 24% on solvency, 51% on liquidity, 13% on profitability and 15% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €196,951
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 2 of the last 3 late
NBB · filings
lowers risk · Figures for FY 2025 (filed 31-07-2026)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
232425
2023 to 2025 · latest year -€9,143
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
on the day
2024
61 days late
2023
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 41 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 30 September (3 of the last 3 filed years within 61 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Liquidity times 5current ratio 7.02
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€9,143 View
  • Total assets 20253 fiscal years filed €196,951 View
  • Active since 2022founded 22-07-2022 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€196,951
Loss
-€9,143
Solvency
13.6%
Total assets▼ 48.6%
Net result
20232025
Go to Financials

Timeline

Events
5
Since
2024
Next accounts
by 31-07-2027
  1. 31-12-2024Weakest financial year
  2. 30-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
22-07-2022
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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