Checked.be
Active
BE 0553.645.514Private limited company (pre-2019)
KC Development
Kruisstraat 97 ·9090 Merelbeke-Melle, Belgium· 12 yrs active
Sector: Agents in non-specialised wholesale trade
(46190)
Conclusion
KC Development has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €129k and a net result of €9k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 78% of 15878 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €129k |
| Net result | €9k |
| Better than sector | 78% |
| Active | 12 yrs |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
34
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2014, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€12k
estimate, not credit advice
Score history
93
2021
86
2022
52
2023
94
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 6.94 (≥ 1.5)
+10
Quick ratio
Quick ratio 6.94 (≥ 1.0)
+5
Leverage
Debt/equity 0.33 (< 1.0)
+10
Profitability
ROE 7%
+3
Interest coverage
Interest coverage 4.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-10-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~77% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 75.1% | 39.5% | |
| Net result | €9k | €5k | |
| Equity | €129k | €56k | |
| Gross operating margin | €7k | €26k | |
| Total assets | €172k | €175k |
€7k
-
21-24
€9k
-
21-24
€10k
-
21-24
€172k
-1.4%
21-24
€129k
+7.3%
21-24
€142k
+1.5%
21-24
€940
+756.0%
21-24
€43k
-20.9%
21-24
€24k
-12.7%
21-24
€19k
-29.3%
21-24
6.94
+13.6%
21-24
6.94
+13.6%
21-24
75.1%
+8.8%
21-24
0.33
-26.2%
21-24
6.8%
-
21-24
5.1%
-
21-24
4.34
-
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €7k | €-11k | €7k | €18k |
| Net profit | €9k | €-12k | €8k | €31k |
| Cash flow | €10k | €-10k | €9k | €32k |
| Staff costs | - | - | - | - |
| Income taxes | €940 | €110 | €3k | €31k |
| Dividends | - | - | - | - |
| Total assets | €172k | €175k | €174k | €163k |
| Equity | €129k | €121k | €133k | €125k |
| Debt | €43k | €54k | €41k | €37k |
| of which ≤ 1y | €24k | €27k | €41k | €37k |
| of which > 1y | €19k | €27k | - | - |
| Working capital | €142k | €140k | €124k | €117k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 6.94 | 6.11 | 4.04 | 4.15 |
| Quick ratio | 6.94 | 6.11 | 4.04 | 4.15 |
| Working capital ratio | 82.6% | 80.2% | 71.2% | 72.2% |
| Solvency | 75.1% | 69.0% | 76.6% | 77.1% |
| Debt / equity | 0.33 | 0.45 | 0.31 | 0.30 |
| Long-term debt ratio | 0.15 | 0.22 | - | - |
| Interest coverage | 4.34 | -8.02 | 29.49 | 143.11 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 5.1% | -7.0% | 4.3% | 19.2% |
| ROE | 6.8% | -10.2% | 5.6% | 24.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €172k | €175k | €174k | €163k |
| Fixed assets | 21/28 | €6k | €7k | €9k | €8k |
| Tangible fixed assets | 22/27 | €6k | €7k | €9k | €8k |
| Current assets | 29/58 | €166k | €167k | €164k | €155k |
| Amounts receivable within one year | 40/41 | €144k | €145k | €138k | €129k |
| Investments | 50/53 | €20k | €20k | €20k | €20k |
| Cash & bank | 54/58 | €528 | €896 | €4k | €4k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €172k | €175k | €174k | €163k |
| Equity | 10/15 | €129k | €121k | €133k | €125k |
| Contributions / capital | 10/11 | €40k | €40k | €40k | €40k |
| Reserves | 13 | €14k | €8k | €8k | - |
| Accumulated profits (losses) | 14 | €75k | €73k | €85k | €85k |
| Amounts payable | 17/49 | €43k | €54k | €41k | €37k |
| Amounts payable after one year | 17 | €19k | €27k | - | - |
| Amounts payable within one year | 42/48 | €24k | €27k | €41k | €37k |
| Trade debts payable within one year | 44 | €14k | €11k | €2k | €5k |
| Income statement | |||||
| Gross operating margin | 9900 | €7k | €-11k | €7k | €18k |
| Operating result | 9901 | €6k | €-13k | €5k | €18k |
| Financial income | 75 | €5k | €2k | €6k | €5k |
| Financial charges | 65 | €2k | €1k | €228 | €129 |
| Result before taxes | 9903 | €10k | €-12k | €11k | €23k |
| Income taxes | 67/77 | €940 | €110 | €3k | €31k |
| Net result for the period | 9904 | €9k | €-12k | €8k | €31k |
| Result to be appropriated | 9905 | €9k | €-12k | €8k | €107k |
Legal Structure
| NACE primary | Agents in non-specialised wholesale trade(46190) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 04-06-2014 |
| Status | Active |
| Postal code | 9090 |
Establishment units
KC Development
since 20142.232.251.991
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040B0219/00T005 | Flanders | 1,148 m² | 1 · 137 m² | 10.4 m · 2 fl. |
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.
Updates
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Weakest financial yearnet €-12k ▼264%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
28-07
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.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Agents in non-specialised wholesale trade46190
Names & trade names
| Legal nameNL | KC Development |
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