KBF IMMO
Annual accounts 2025
full format, filed on 09-06-2026, 52 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €110,000 and €350,000.
Balance sheet
balance sheet total €888,655 on 31-12-2025in euro
Position in the sector
-8.7%
Higher than 8% of 865 companies in 2025.
0.03
Lower than 95% of 856 companies in 2025.
-1.0%
Higher than 21% of 865 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
888,655 | 896,417 | 843,888 | 83,169 | 65,316 | |
21/28 |
877,849 | 891,262 | 816,385 | 69,622 | 53,010 | |
22/27 |
877,849 | 891,262 | 816,385 | 69,622 | 53,010 | |
22 |
877,849 | 891,262 | 816,385 | 69,622 | 53,010 | |
29/58 |
10,806 | 5,155 | 27,503 | 13,547 | 12,307 | |
40/41 |
2,411 | 5,155 | 9,409 | 1,234 | 9,168 | |
40 |
1,815 | 5,138 | 9,236 | - | 7,680 | |
41 |
596 | 18 | 173 | 1,234 | 1,488 | |
54/58 |
8,395 | - | 18,094 | 12,313 | 3,138 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
888,655 | 896,417 | 843,888 | 83,169 | 65,316 | |
10/15 |
-77,417 | -68,291 | -55,148 | -8,197 | 4,863 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
14 |
-87,417 | -78,291 | -65,148 | -18,197 | -5,137 | |
17/49 |
966,071 | 964,709 | 899,036 | 91,366 | 60,453 | |
17 |
625,950 | 653,530 | 621,686 | - | - | |
170/4 |
613,650 | 641,230 | 615,686 | - | - | |
178/9 |
12,300 | 12,300 | 6,000 | - | - | |
42/48 |
340,122 | 311,179 | 277,350 | 91,366 | 60,453 | |
42 |
27,580 | 26,868 | - | - | - | |
43 |
- | 358 | - | - | - | |
430/8 |
- | 358 | - | - | - | |
44 |
13,258 | 2,750 | 38,523 | 2,516 | 103 | |
440/4 |
13,258 | 2,750 | 38,523 | 2,516 | 103 | |
45 |
3,650 | 3,168 | - | - | - | |
450/3 |
3,650 | 3,168 | - | - | - | |
47/48 |
295,634 | 278,035 | 238,827 | 88,850 | 60,350 | |
| Income statement | ||||||
9900 |
65,569 | 50,372 | -10,355 | -5,820 | -4,627 | |
630 |
46,755 | 44,167 | 23,366 | 3,203 | 110 | |
640/8 |
9,442 | 863 | - | 530 | 348 | |
9901 |
9,372 | 5,341 | -33,721 | -9,553 | -5,085 | |
75/76B |
- | 634 | 0 | - | - | |
75 |
- | 634 | 0 | - | - | |
65/66B |
18,497 | 19,119 | 13,230 | 3,507 | 52 | |
65 |
18,497 | 19,119 | 13,230 | 3,507 | 52 | |
9903 |
-9,125 | -13,143 | -46,951 | -13,060 | -5,137 | |
9904 |
-9,125 | -13,143 | -46,951 | -13,060 | -5,137 | |
9905 |
-9,125 | -13,143 | -46,951 | -13,060 | -5,137 | |
| Appropriation of the result | ||||||
9906 |
-87,417 | -78,291 | -65,148 | -18,197 | -5,137 | |
14P |
-78,291 | -65,148 | -18,197 | -5,137 | - | |
| Document | ||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-06-2026 | 2026-00151396 | |
| 31-12-2024 | full format | 10-06-2025 | 2025-00128265 | |
| 31-12-2023 | full format | 27-03-2024 | 2024-00051822 | |
| 31-12-2022 | micro format | 22-05-2023 | 2023-00092232 | |
| 31-12-2021 | micro format | 27-05-2022 | 2022-20035878 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 56,127 | 49,509 | -10,355 | -6,350 | -4,974 | ||
| 37,630 | 31,024 | -23,585 | -9,857 | -5,027 | ||
| 33,342 | 119,045 | 770,129 | 19,815 | 53,120 | ||
| - | - | 5,781 | 9,175 | - | ||
| -329,316 | -306,024 | -249,846 | -77,819 | -48,147 | ||
| -8.7% | -7.6% | -6.5% | -9.9% | 7.4% | ||
| 0.03 | 0.02 | 0.10 | 0.15 | 0.20 | ||
| - | - | - | - | 12.43 | ||
| - | - | - | - | -105.6% | ||
| -1.0% | -1.5% | -5.6% | -15.7% | -7.9% | ||
| 3.03 | 2.59 | -0.78 | -1.81 | -94.82 |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €33,342 | €119,045 | €770,129 | €19,815 | €53,120 |
| €46,755 | €44,167 | €23,366 | €3,203 | €110 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on KBF IMMO
The operating result for 2025 is 75% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Equity is negative. Debt (€966,071) exceeds the balance-sheet total (€888,655).