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KBX PROJECTS

Active
Private limited companyfounded 201412 yrs activeDruivenstraat(HRT) 38, 2200 Herentals, BelgiumKBO/BCE: BE 0544.968.071
Summary

KBX PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €94,224 and a net result of -€1,850. Equity is growing by ~59.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability33▼-67
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
short-term debt: 0.3% and cash: 1.1% of total assets, and 0.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
99.7%
Return on assets
-2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
8 d early
2023
9 d early
2022
18 d early
2021
12 d early
2020
29 d early
2019
27 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 17 days before 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 (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 30 January 2014, KBX PROJECTS was incorporated.1 Total assets went from EUR 5,656 in 2018 to EUR 94,469 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€94,224▼ 1.9%
2023 · €96,074
Total assets
€94,469▼ 4.2%
2023 · €98,597
Net result
-€1,850
2023 · €42,232
Working capital
€94,224▼ 1.9%
2023 · €96,074
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€18,464▲ 68.1%€47,926▲ 160%-€8,871€53,600-€1,693
Net result€13,157▲ 56.6%€35,679▲ 171%-€9,054€42,232-€1,850
Equity€27,217▲ 93.6%€62,896▲ 131%€53,842▼ 14.4%€96,074▲ 78.4%€94,224▼ 1.9%
Total assets€351,674▲ 150%€270,749▼ 23.0%€476,899▲ 76.1%€98,597▼ 79.3%€94,469▼ 4.2%
Debt€324,457▲ 156%€207,853▼ 35.9%€423,056▲ 104%€2,522▼ 99.4%€245▼ 90.3%
Working capital€27,217▲ 93.6%€62,896▲ 131%€53,842▼ 14.4%€96,074▲ 78.4%€94,224▼ 1.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2020: €18,464€18,464Net result 2020: €13,157€13,157Operating result 2021: €47,926€47,926Net result 2021: €35,679€35,679Operating result 2022: -€8,871-€8,871Net result 2022: -€9,054-€9,054Operating result 2023: €53,600€53,600Net result 2023: €42,232€42,232Operating result 2024: -€1,693-€1,693Net result 2024: -€1,850-€1,85020202021202220232024-€20,000€0€20,000€40,000€60,000Operating result 2022: -€8,871-€8,870Net result 2022: -€9,054-€9,050Operating result 2023: €53,600€53,600Net result 2023: €42,232€42,200Operating result 2024: -€1,693-€1,690Net result 2024: -€1,850-€1,850202220232024
The operating result turns negative in 2024: a loss of €1,693 after €53,600 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €94,469
Equity €94,224 ▼ 1.9%
Debt €245 ▼ 90.3%
Debt's share of the balance-sheet total falls from 2.6% to 0.3%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.00▼
2023 · 0.03
ROE
-2.0%▼
2023 · 44.0%
ROA
-2.0%▼
2023 · 42.8%
Debt ≤ 1 year
€245▼
2023 · €2,522
A ratio outside any meaningful range has been withheld (balance sheet total €94,469, equity €94,224).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,915 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 · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€98,597€94,469▼
Current assets29/58€98,597€94,469▼
Stocks and contracts in progress3€58,814€58,814=
Stocks30/36€58,814€58,814=
Amounts receivable within one year40/41€28,307€32,307▲
Other amounts receivable41€28,307€32,307▲
Cash at bank and in hand54/58€9,123€996▼
Deferred charges and accrued income490/1€2,353€2,353=
Equity and liabilities
Total equity and liabilities10/49€98,597€94,469▼
Equity10/15€96,074€94,224▼
Contributions10/11€6,200€6,200=
Reserves13€89,874€88,024▼
Distributable reserves133€89,874€88,024▼
Amounts payable17/49€2,522€245▼
Amounts payable within one year42/48€2,522€245▼
Financial debts43€1,288-
Credit institutions430/8€1,288-
Trade debts44€1,235€245▼
Suppliers440/4€1,235€245▼
Income statement Code20232024
Other operating charges640/8€20,841€203▼
Gross operating margin9900€74,442-€1,490▼
Operating profit (loss)9901€53,600-€1,693▼
Financial charges65/66B€309€157▼
Recurring financial charges65€309€157▼
Profit (loss) for the period before taxes9903€53,292-€1,850▼
Income taxes67/77€11,059-
Profit (loss) for the period9904€42,232-€1,850▼
Profit (loss) for the period to be appropriated9905€42,232-€1,850▼
Appropriation of the result
Profit (loss) to be appropriated9906€42,232-€1,850▼
Transfer from equity791/2-€1,850
Transfer to equity691/2€42,232-
To other reserves6921€42,232-

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€31,674€256€20,841€203▼ 99.0%
Gross operating margin9900€38,986€79,600-€8,615€74,442-€1,490▼ 102%
Operating profit (loss)9901€18,464€47,926-€8,871€53,600-€1,693▼ 103%
Recurring financial income75€0-----
Financial charges65/66B-€184€183€309€157▼ 49.1%
Recurring financial charges65€925€184€183€309€157▼ 49.1%
Profit (loss) for the period before taxes9903€17,539€47,742-€9,054€53,292-€1,850▼ 103%
Income taxes67/77€4,382€12,063-€11,059--
Profit (loss) for the period9904€13,157€35,679-€9,054€42,232-€1,850▼ 104%
Profit (loss) for the period to be appropriated9905€13,157€35,679-€9,054€42,232-€1,850▼ 104%
Line20202021202220232024Change
Assets
Total assets20/58€351,674€270,749€476,899€98,597€94,469▼ 4.2%
Current assets29/58€351,674€270,749€476,899€98,597€94,469▼ 4.2%
Stocks and contracts in progress3€315,000€137,000€416,000€58,814€58,814=
Stocks30/36-€137,000€416,000€58,814€58,814=
Amounts receivable within one year40/41€4,984€689€5,000€28,307€32,307▲ 14.1%
Trade receivables40-€689----
Other amounts receivable41--€5,000€28,307€32,307▲ 14.1%
Cash at bank and in hand54/58€190€103,531€32,899€9,123€996▼ 89.1%
Deferred charges and accrued income490/1-€29,529€23,000€2,353€2,353=
Equity and liabilities
Total equity and liabilities10/49€351,674€270,749€476,899€98,597€94,469▼ 4.2%
Equity10/15€27,217€62,896€53,842€96,074€94,224▼ 1.9%
Contributions10/11-€6,200€6,200€6,200€6,200=
Reserves13€20,855€56,696€47,642€89,874€88,024▼ 2.1%
Non-distributable reserves130/1-€1,855€1,855---
Reserves not available under the articles1311-€1,855€1,855---
Distributable reserves133-€54,841€45,787€89,874€88,024▼ 2.1%
Profit (loss) carried forward14€162-----
Amounts payable17/49€324,457€207,853€423,056€2,522€245▼ 90.3%
Amounts payable within one year42/48€324,457€207,853€423,056€2,522€245▼ 90.3%
Financial debts43-€1,264€1,264€1,288--
Credit institutions430/8-€1,264€1,264€1,288--
Trade debts44-€864€1,095€1,235€245▼ 80.2%
Suppliers440/4-€864€1,095€1,235€245▼ 80.2%
Taxes, remuneration and social security45-€2,063€2,063---
Taxes450/3-€2,063€2,063---
Other amounts payable47/48-€203,662€418,634---
Line20202021202220232024Change
Profit (loss) for the period9904€13,157€35,679-€9,054€42,232-€1,850▼ 104%
Operating cash flow (approximation)€13,157€35,679-€9,054€42,232-€1,850▼ 104%
Change in cash-€103,341-€70,633-€23,776-€8,127▲ 65.8%

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

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Timeline · acts, filings and financial milestones

2025
23-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Liquidity times 10current ratio 385.54
Current ratio from 39.09 to 385.54; short-term debt falls from €2,522 to €245.
22-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Back to profitnet €42,232
Net result €42,232 after one loss-making year.
31-12
Financial Liquidity times 35current ratio 39.09
Current ratio from 1.13 to 39.09; short-term debt falls from €423,056 to €2,522.
13-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€9,054
Net result drops to -€9,054, the lowest in the series; recovery starts the following year.
19-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €8,404
Net result €8,404 after one loss-making year.
04-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
21-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
20-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Herentals · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
1,460 m²
Building footprint
214 m²
Volume, LiDAR
1,077 m³
Parcel 13011B0647/00G004, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KBX PROJECTS
Druivenstraat(HRT) 38, 2200 HerentalsReal estate activities
since 20142.229.048.617
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13011B0647/00G004 Flanders 1,460 m² 1 · 214 m² 8.0 m · 2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. BOUWONDERNEMING KBX 90%
  2. KBX PROJECTS

Highest known parent: BOUWONDERNEMING KBX. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded30-01-2014
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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