KCL PROJECT
ActiveSummary
KCL PROJECT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82,607 and a net result of €33,055. Equity is growing by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency96▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.37 against 2.86 in 2023; short-term debt: 29.5% and cash: 73.2% of total assets), and 29.5% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
16 d early
2022
2 d early
2021
13 d early
2020
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€138,573
EBIT margin
39.3%
Net result
€33,055
2023 · -€19,579
Working capital
€81,851▲ 69.1%
2023 · €48,402
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€138,573
Operating result€11,023-€54,437▲ 394%€74,602▲ 37.0%-€17,627€50,249
Net result€9,407within the sector's middle half-€40,510above the sector's middle half▲ 331%€57,891above the sector's middle half▲ 42.9%-€19,579below the sector's middle half€33,055above the sector's middle half
EBIT margin39.3%
Equity€11,907below the sector's middle half-€52,417within the sector's middle half▲ 340%€69,132within the sector's middle half▲ 31.9%€49,552within the sector's middle half▼ 28.3%€82,607within the sector's middle half▲ 66.7%
Total assets€19,826below the sector's middle half-€88,581below the sector's middle half▲ 347%€156,232within the sector's middle half▲ 76.4%€75,643below the sector's middle half▼ 51.6%€117,126below the sector's middle half▲ 54.8%
Debt€7,919-€36,164▲ 357%€87,100▲ 141%€26,091▼ 70.0%€34,520▲ 32.3%
Working capital€7,251-€50,260▲ 593%€69,132▲ 37.5%€48,402▼ 30.0%€81,851▲ 69.1%
Solvency60.1%within the sector's middle half-59.2%within the sector's middle half▼ 0.9pp44.2%within the sector's middle half▼ 14.9pp65.5%above the sector's middle half▲ 21.3pp70.5%above the sector's middle half▲ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €50,249 after a loss of €17,627 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €117,126
Fixed assets
€756 ▼ 34.3%
Current assets
€116,371 ▲ 56.2%
Equity and liabilities €117,126
Equity
€82,607 ▲ 66.7%
Debt
€34,520 ▲ 32.3%
Debt's share of the balance-sheet total falls from 34.5% to 29.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,643▲
2023 · -€17,594
Cash flow
€33,449▲
2023 · -€19,547
Current ratio
3.37▲
2023 · 2.86
Debt to equity
0.42▼
2023 · 0.53
ROE
40.0%▲
2023 · -39.5%
ROA
28.2%▲
2023 · -25.9%
Interest coverage
24.02▲
2023 · -10.28
Debt ≤ 1 year
€34,520▲
2023 · €26,091
Income taxes
€15,086▲
2023 · €241
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 26,964 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €138,573 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €82,553 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,192 | €2,500 | €2,157 | €33 | €394 | ▲ 1,100% |
| Other operating charges640/8 | - | €787 | €1,463 | €284 | €1,750 | ▲ 516% |
| Gross operating margin9900 | €14,001 | €57,724 | €78,222 | -€17,310 | €52,393 | ▲ 403% |
| Operating profit (loss)9901 | €11,023 | €54,437 | €74,602 | -€17,627 | €50,249 | ▲ 385% |
| Financial income75/76B | - | €0 | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | €0 | - | - |
| Financial charges65/66B | - | €51 | €178 | €1,712 | €2,108 | ▲ 23.1% |
| Recurring financial charges65 | €6 | €51 | €178 | €1,712 | €2,108 | ▲ 23.1% |
| Profit (loss) for the period before taxes9903 | €11,017 | €54,386 | €74,424 | -€19,339 | €48,141 | ▲ 349% |
| Income taxes67/77 | €1,610 | €13,876 | €16,533 | €241 | €15,086 | ▲ 6,170% |
| Profit (loss) for the period9904 | €9,407 | €40,510 | €57,891 | -€19,579 | €33,055 | ▲ 269% |
| Profit (loss) for the period to be appropriated9905 | €9,407 | €40,510 | €57,891 | -€19,579 | €33,055 | ▲ 269% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,826 | €88,581 | €156,232 | €75,643 | €117,126 | ▲ 54.8% |
| Fixed assets21/28 | €4,657 | €2,157 | €0 | €1,150 | €756 | ▼ 34.3% |
| Tangible fixed assets22/27 | €4,657 | €2,157 | €0 | €1,150 | €756 | ▼ 34.3% |
| Furniture and vehicles24 | - | €2,157 | €0 | €1,150 | €756 | ▼ 34.3% |
| Current assets29/58 | €15,169 | €86,424 | €156,232 | €74,493 | €116,371 | ▲ 56.2% |
| Amounts receivable within one year40/41 | €31 | €365 | €49,988 | €11,905 | €24,000 | ▲ 102% |
| Trade receivables40 | - | €364 | €49,987 | €11,905 | €24,000 | ▲ 102% |
| Other amounts receivable41 | - | €1 | €1 | - | - | - |
| Cash at bank and in hand54/58 | €15,138 | €86,059 | €95,193 | €53,748 | €85,741 | ▲ 59.5% |
| Deferred charges and accrued income490/1 | - | - | €11,050 | €8,840 | €6,630 | ▼ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,826 | €88,581 | €156,232 | €75,643 | €117,126 | ▲ 54.8% |
| Equity10/15 | €11,907 | €52,417 | €69,132 | €49,552 | €82,607 | ▲ 66.7% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €9,407 | €49,917 | €66,632 | €47,052 | €80,107 | ▲ 70.3% |
| Amounts payable17/49 | €7,919 | €36,164 | €87,100 | €26,091 | €34,520 | ▲ 32.3% |
| Amounts payable within one year42/48 | €7,919 | €36,164 | €87,100 | €26,091 | €34,520 | ▲ 32.3% |
| Trade debts44 | €633 | €490 | €3,081 | €3,521 | €7,752 | ▲ 120% |
| Suppliers440/4 | - | €490 | €3,081 | €3,521 | €7,752 | ▲ 120% |
| Advances received on contracts in progress46 | - | - | - | - | €248 | - |
| Taxes, remuneration and social security45 | - | €33,563 | €41,744 | €16,848 | €22,592 | ▲ 34.1% |
| Taxes450/3 | - | €33,563 | €41,744 | €16,848 | €22,592 | ▲ 34.1% |
| Remuneration and social security454/9 | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | €2,111 | €42,275 | €5,721 | €3,928 | ▼ 31.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,407 | €40,510 | €57,891 | -€19,579 | €33,055 | ▲ 269% |
| + Depreciation and write-downs630 | €2,192 | €2,500 | €2,157 | €33 | €394 | ▲ 1,100% |
| Operating cash flow (approximation) | €11,600 | €43,010 | €60,048 | -€19,547 | €33,449 | ▲ 271% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,183 | €0 | ▲ 100% |
| Change in cash | - | €70,920 | €9,135 | -€41,446 | €31,993 | ▲ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €33,055
Net result €33,055 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€19,579
Net result drops to -€19,579, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €57,891 ▲42.9%
Operating result €74,602, net result €57,891, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Dison · 1 establishment unit since 2020
Ground area
340 m²
Building footprint
59 m²
Volume, LiDAR
457 m³
Parcel 63002B0273/00X002, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KCL PROJECT
since 20202.300.695.488
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63002B0273/00X002 | Wallonia | 340 m² | 1 · 59 m² | 9.2 m · 3 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.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,144 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
74991Agents and managers of artists, athletes and other public figures
Contact
E-mail
kevinbas@kclproject.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743513908
Registered
19-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.