Summary
KC Investments is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €213,285 and a net result of €98,333. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 9,680 sector peers (NACE 64, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€213,285▲ 59.5%
2024 · €133,702
Net result
€98,333▲ 68.3%
2024 · €58,410
Total assets
€410,080▼ 1.0%
2024 · €414,178
Solvency
52.0%▲ 19.7pp
2024 · 32.3%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 81% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€2,993
2025
Net result€98,333
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€410,080
2025
Equity€213,285
2025
Debt€196,794
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€41,052
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)24.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency52.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.50
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€6,384--€19,844€5,993€6,295▲ 5.0%€61,398▲ 875%€30,840▼ 49.8%€15,364▼ 50.2%€2,993▼ 80.5%
Net result€6,178--€57,441€5,452within the sector's middle half€5,447within the sector's middle half▼ 0.1%€42,290within the sector's middle half▲ 676%€59,084within the sector's middle half▲ 39.7%€58,410within the sector's middle half▼ 1.1%€98,333above the sector's middle half▲ 68.3%
Equity€40,506--€16,935-€11,483below the sector's middle half▲ 32.2%-€6,037below the sector's middle half▲ 47.4%€48,653within the sector's middle half€107,737within the sector's middle half▲ 121%€133,702within the sector's middle half▲ 24.1%€213,285within the sector's middle half▲ 59.5%
Total assets€250,035-€12,735▼ 94.9%€19,786below the sector's middle half▲ 55.4%€8,330below the sector's middle half▼ 57.9%€389,379within the sector's middle half▲ 4,574%€442,513within the sector's middle half▲ 13.6%€414,178within the sector's middle half▼ 6.4%€410,080within the sector's middle half▼ 1.0%
Debt€209,530-€29,670▼ 85.8%€31,269▲ 5.4%€14,367▼ 54.1%€340,725▲ 2,272%€334,776▼ 1.7%€280,476▼ 16.2%€196,794▼ 29.8%
Working capital€29,103--€26,786-€18,262within the sector's middle half▲ 31.8%-€8,599within the sector's middle half▲ 52.9%-€83,247below the sector's middle half▼ 868%-€73,059below the sector's middle half▲ 12.2%-€82,475below the sector's middle half▼ 12.9%-€41,052below the sector's middle half▲ 50.2%
Solvency16.2%--133.0%▼ 149.2pp-58.0%below the sector's middle half▲ 74.9pp-72.5%below the sector's middle half▼ 14.4pp12.5%below the sector's middle half▲ 85.0pp24.3%within the sector's middle half▲ 11.9pp32.3%within the sector's middle half▲ 7.9pp52.0%within the sector's middle half▲ 19.7pp
Current ratio2.10-0.00▼ 2.100.42below the sector's middle half▲ 0.420.40below the sector's middle half▼ 0.010.31below the sector's middle half▼ 0.090.39below the sector's middle half▲ 0.080.28below the sector's middle half▼ 0.110.50below the sector's middle half▲ 0.22
Return on assets (ROA)2.5%--451.1%▼ 453.5pp27.6%above the sector's middle half▲ 478.6pp65.4%above the sector's middle half▲ 37.8pp10.9%within the sector's middle half▼ 54.5pp13.4%within the sector's middle half▲ 2.5pp14.1%within the sector's middle half▲ 0.8pp24.0%within the sector's middle half▲ 9.9pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €410,080
Fixed assets
€369,601 ▼ 3.3%
Current assets
€40,479 ▲ 25.9%
Equity and liabilities €410,080
Equity
€213,285 ▲ 59.5%
Debt
€196,794 ▼ 29.8%
Debt's share of the balance-sheet total falls from 67.7% to 48.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
46.1%▲
2024 · 43.7%
Debt ≤ 1 year
€81,530▼
2024 · €114,627
Debt > 1 year
€115,264▼
2024 · €165,849
Income taxes
€15,447▲
2024 · €9,709
Staff costs
€3,820▲
2024 · €200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €4,000 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €200 | €3,820 | ▲ 1,810% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,351 | €6,392 | €5,956 | €6,150 | €592 | €10,130 | €14,037 | €14,105 | ▲ 0.5% |
| Other operating charges640/8 | - | - | - | €220 | €1,609 | €194 | €637 | €324 | ▼ 49.1% |
| Gross operating margin9900 | €26,391 | -€11,763 | €13,040 | €12,664 | €63,598 | €41,164 | €30,238 | €21,242 | ▼ 29.7% |
| Operating profit (loss)9901 | €6,384 | -€19,844 | €5,993 | €6,295 | €61,398 | €30,840 | €15,364 | €2,993 | ▼ 80.5% |
| Financial income75/76B | - | - | - | - | €1,683 | €46,034 | €58,436 | €115,547 | ▲ 97.7% |
| Recurring financial income75 | €10,366 | €1 | - | - | €1,683 | €46,034 | €58,436 | €115,547 | ▲ 97.7% |
| Financial charges65/66B | - | - | - | €659 | €9,350 | €6,265 | €5,680 | €4,759 | ▼ 16.2% |
| Recurring financial charges65 | €5,857 | €5,835 | €385 | €659 | €9,350 | €6,265 | €5,680 | €4,759 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €12,794 | -€56,189 | €5,608 | €5,635 | €53,730 | €70,609 | €68,119 | €113,781 | ▲ 67.0% |
| Income taxes67/77 | €6,616 | €1,252 | €156 | €188 | €11,440 | €11,525 | €9,709 | €15,447 | ▲ 59.1% |
| Profit (loss) for the period9904 | €6,178 | -€57,441 | €5,452 | €5,447 | €42,290 | €59,084 | €58,410 | €98,333 | ▲ 68.3% |
| Profit (loss) for the period to be appropriated9905 | €6,178 | -€57,441 | €5,452 | €5,447 | €42,290 | €59,084 | €58,410 | €98,333 | ▲ 68.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €250,035 | €12,735 | €19,786 | €8,330 | €389,379 | €442,513 | €414,178 | €410,080 | ▼ 1.0% |
| Fixed assets21/28 | €194,499 | €12,734 | €6,779 | €2,562 | €351,970 | €396,063 | €382,026 | €369,601 | ▼ 3.3% |
| Tangible fixed assets22/27 | €194,499 | €12,734 | €6,779 | €2,562 | €1,970 | €46,063 | €32,026 | €19,601 | ▼ 38.8% |
| Plant, machinery and equipment23 | - | - | - | €823 | €617 | €2,358 | €1,707 | €2,669 | ▲ 56.3% |
| Furniture and vehicles24 | - | - | - | €1,739 | €1,353 | €43,706 | €30,319 | €16,933 | ▼ 44.2% |
| Financial fixed assets28 | - | - | - | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Current assets29/58 | €55,537 | €0 | €13,008 | €5,768 | €37,409 | €46,450 | €32,152 | €40,479 | ▲ 25.9% |
| Amounts receivable within one year40/41 | €30,417 | - | - | - | €11,100 | €27,000 | €18,900 | €23,695 | ▲ 25.4% |
| Other amounts receivable41 | - | - | - | - | €11,100 | €27,000 | €18,900 | €23,695 | ▲ 25.4% |
| Cash at bank and in hand54/58 | €25,120 | €0 | €13,008 | €5,768 | €26,309 | €19,450 | €13,252 | €16,784 | ▲ 26.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €250,035 | €12,735 | €19,786 | €8,330 | €389,379 | €442,513 | €414,178 | €410,080 | ▼ 1.0% |
| Equity10/15 | €40,506 | -€16,935 | -€11,483 | -€6,037 | €48,653 | €107,737 | €133,702 | €213,285 | ▲ 59.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €34,306 | €34,306 | €34,306 | €34,306 | €34,306 | €89,137 | €115,102 | €194,685 | ▲ 69.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €32,446 | €32,446 | €87,277 | €113,242 | €192,825 | ▲ 70.3% |
| Profit (loss) carried forward14 | - | -€57,441 | -€51,989 | -€46,542 | -€4,252 | - | - | - | - |
| Amounts payable17/49 | €209,530 | €29,670 | €31,269 | €14,367 | €340,725 | €334,776 | €280,476 | €196,794 | ▼ 29.8% |
| Amounts payable after more than one year17 | €183,097 | €2,883 | - | - | €220,069 | €215,267 | €165,849 | €115,264 | ▼ 30.5% |
| Financial debts170/4 | - | - | - | - | €220,069 | €215,267 | €165,849 | €115,264 | ▼ 30.5% |
| Amounts payable within one year42/48 | €26,433 | €26,787 | €31,269 | €14,367 | €120,656 | €119,509 | €114,627 | €81,530 | ▼ 28.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €577 | €38,073 | €48,280 | €49,418 | €57,685 | ▲ 16.7% |
| Trade debts44 | - | €192 | - | - | €1,143 | €1,204 | - | €1,093 | - |
| Suppliers440/4 | - | - | - | - | €1,143 | €1,204 | - | €1,093 | - |
| Taxes, remuneration and social security45 | - | - | - | €363 | €11,440 | €10,025 | €5,209 | €7,752 | ▲ 48.8% |
| Taxes450/3 | - | - | - | €363 | €11,440 | €10,025 | €5,209 | €7,752 | ▲ 48.8% |
| Other amounts payable47/48 | - | - | - | €13,426 | €70,000 | €60,000 | €60,000 | €15,000 | ▼ 75.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,178 | -€57,441 | €5,452 | €5,447 | €42,290 | €59,084 | €58,410 | €98,333 | ▲ 68.3% |
| + Depreciation and write-downs630 | €16,351 | €6,392 | €5,956 | €6,150 | €592 | €10,130 | €14,037 | €14,105 | ▲ 0.5% |
| Operating cash flow (approximation) | €22,529 | -€51,049 | €11,408 | €11,596 | €42,882 | €69,214 | €72,448 | €112,439 | ▲ 55.2% |
| Investment in fixed assets (approximation) | - | €175,373 | €0 | -€1,933 | -€350,000 | -€54,224 | €0 | -€1,680 | - |
| Change in cash | - | -€25,119 | €13,007 | -€7,239 | €20,541 | -€6,859 | -€6,198 | €3,532 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00239871 |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00228084 |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00205379 |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00202278 |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20118767 |
| 31-12-2020 | micro format | 02-07-2021 | 2021-28900323 |
| 31-12-2019 | micro format | 07-07-2020 | 2020-26500544 |
| 31-12-2018 | micro format | 04-07-2019 | 2019-28000053 |
| 31-12-2017 | micro format | 11-07-2018 | 2018-31000385 |
| 31-12-2016 | micro format | 11-07-2017 | 2017-29200159 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.