KCM
ActiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
KCM has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173,009 and a net result of €36,053. Equity has been growing by about 35% per year since 2023. Its solvency ranks better than 52% of 39,242 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Official details
KBO- Status
- Active since 29-03-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue du Pansery(MIC) 35, 4630 Soumagne
- Activity
- Business and other management consultancy NACE 70200
- Financial year end
- 31 December
- Peppol
- Reachable since 03-04-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €91,791
- ▼ 8.2%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €36,053
- ▼ 21.2%
- Equity
- €173,009
- ▲ 34.1%
- Total assets
- €300,625
- ▲ 17.8%
Score breakdownraises riskLast filed accounts filed 60 days late; 3 of the last 3 accounts lateNo registered site in the KBOlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Equity €173,009 (57.5% of total assets)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 53% of them on solvency, 39% on liquidity, 52% on profitability and 74% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 3 accounts on average 181 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed 60 days after the deadline Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00547608.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 29-09-2026
- Format
- micro format
- Reference
- 2026-00547608
2023 to 2025, 3 financial years
The operating result for 2025 is 9% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as KCM has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of KCM itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for KCM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €190,231 | - | - |
| Remuneration, social security and pensions62 | €417 | €1,582 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,035 | €23,652 | €25,618 | ▲ 8.3% |
| Other operating charges640/8 | €1,930 | €9,953 | €3,864 | ▼ 61.2% |
| Non-recurring operating charges66A | - | - | €3,253 | - |
| Gross operating margin9900 | €108,154 | €99,959 | €91,791 | ▼ 8.2% |
| Operating profit (loss)9901 | €103,773 | €64,771 | €59,056 | ▼ 8.8% |
| Financial income75/76B | €0 | €3 | €1 | ▼ 77.6% |
| Recurring financial income75 | €0 | €3 | €1 | ▼ 77.6% |
| Financial charges65/66B | €488 | €5,337 | €4,876 | ▼ 8.6% |
| Recurring financial charges65 | €488 | €5,337 | €4,876 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €103,285 | €59,437 | €54,181 | ▼ 8.8% |
| Income taxes67/77 | €22,000 | €13,667 | €18,128 | ▲ 32.6% |
| Profit (loss) for the period9904 | €81,285 | €45,771 | €36,053 | ▼ 21.2% |
| Profit (loss) for the period to be appropriated9905 | €81,285 | €45,771 | €36,053 | ▼ 21.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €139,310 | €255,283 | €300,625 | ▲ 17.8% |
| Formation expenses20 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €10,421 | €96,835 | €77,886 | ▼ 19.6% |
| Tangible fixed assets22/27 | €10,421 | €96,835 | €77,886 | ▼ 19.6% |
| Land and buildings22 | - | - | €0 | - |
| Plant, machinery and equipment23 | - | €3,578 | €8,741 | ▲ 144% |
| Furniture and vehicles24 | €10,421 | €93,258 | €69,145 | ▼ 25.9% |
| Current assets29/58 | €128,889 | €158,448 | €222,739 | ▲ 40.6% |
| Stocks and contracts in progress3 | €913 | €913 | €0 | ▼ 100% |
| Stocks30/36 | €913 | €913 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €104,396 | €127,237 | €190,196 | ▲ 49.5% |
| Trade receivables40 | €47,247 | €39,730 | €69,147 | ▲ 74.0% |
| Other amounts receivable41 | €57,149 | €87,506 | €121,049 | ▲ 38.3% |
| Cash at bank and in hand54/58 | €23,580 | €27,539 | €28,278 | ▲ 2.7% |
| Deferred charges and accrued income490/1 | - | €2,759 | €4,265 | ▲ 54.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €139,310 | €255,283 | €300,625 | ▲ 17.8% |
| Equity10/15 | €83,285 | €129,056 | €173,009 | ▲ 34.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €81,285 | €127,056 | €171,009 | ▲ 34.6% |
| Amounts payable17/49 | €56,025 | €126,228 | €127,616 | ▲ 1.1% |
| Amounts payable after more than one year17 | - | €62,880 | €47,804 | ▼ 24.0% |
| Financial debts170/4 | - | €62,880 | €47,804 | ▼ 24.0% |
| Amounts payable within one year42/48 | €55,522 | €63,262 | €79,724 | ▲ 26.0% |
| Current portion of amounts payable after more than one year42 | - | €15,909 | €15,909 | = |
| Trade debts44 | €10,522 | €19,453 | €17,188 | ▼ 11.6% |
| Suppliers440/4 | €10,522 | €19,453 | €17,188 | ▼ 11.6% |
| Taxes, remuneration and social security45 | €45,000 | €27,900 | €46,627 | ▲ 67.1% |
| Taxes450/3 | €40,929 | €23,774 | €46,627 | ▲ 96.1% |
| Remuneration and social security454/9 | €4,072 | €4,126 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €0 | €0 | - |
| Accrued charges and deferred income492/3 | €503 | €86 | €88 | ▲ 2.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,285 | €45,771 | €36,053 | ▼ 21.2% |
| + Depreciation and write-downs630 | €2,035 | €23,652 | €25,618 | ▲ 8.3% |
| Operating cash flow (approximation) | €83,320 | €69,423 | €61,671 | ▼ 11.2% |
| Investment in fixed assets (approximation) | - | -€110,067 | -€6,668 | ▲ 93.9% |
| Change in cash | - | €3,958 | €740 | ▼ 81.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Comparable companies
These companies have the same main activity as KCM: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €267,000 and €346,000, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| KCM Soumagne | 2023 | €300,625 | €173,009 | €91,791 | €36,053 | 2025 |
| Grégoire Management and Consulting Wanze | 2023 | €279,109 | €184,739 | €101,829 | €80,730 | 2025 |
| ESTATECARS Liège | 2023 | €345,659 | €14,662 | €84,099 | €62,746 | 2025 |
| AVRIOPOLIS Herve | 2022 | €306,574 | €196,101 | €80,531 | €57,300 | 2025 |
| GoodSide Sprimont | 2022 | €325,764 | €166,726 | €81,973 | €56,785 | 2025 |
| CED Bütgenbach | 2022 | €305,036 | €173,500 | €100,241 | €76,249 | 2025 |
| LocaTrust Oupeye | 2022 | €266,814 | €92,594 | €79,872 | €60,195 | 2025 |
They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CAN Kerem |
|
The board according to the articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration”“Frais généraux, assemblée générale”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Assemblée générale formes modifications statuts”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Administrateur(s) en fonction désignés liquidateur(s) si aucun autre désigné”
Articles of association, deed of 31-03-2023 (in French)
Owners and capital
Capital transactions
- CAN Kerem 100 shares (100%) · €2,000 in cash
- 31-03-2023 Incorporation · €2,000 · 100 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Égal, rémunération des apports”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Héritiers et légataires non de plein droit tenus de solliciter agrément mêmes formalités, si plus qu’un actionnaire,libre de céder tout ou…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Organe qui procède à l’émission, courrier électronique,ou courrier ordinaire même jour si pas d’adresse électronique”
Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 31-03-2023 (in French)
Group and network
Connections & network
1 current directorThe network starts from the directors of KCM. Every other company they run is a node.
History
Acts, filings and financial milestones
31-03
Gazette deed
IncorporationAppointment: CAN Kerem (director) · Permanent representative: CAN Kerem · Founder15 points ▸
- Incorporation, 27-03-2023
- Founder, CAN Kerem
- Founding capital, €2,000
- Bank account, “BNP PARIBAS FORTIS”, 2000 (deed in French)
- CAN Kerem holds 100 shares
- Other provision, “plan financier préalable, préalablement à la constitution” (deed in French)
- Other provision, “responsabilité des fondateurs en cas de faillite, faillite dans les trois ans de la constitution” (deed in French)
- Other provision, “attestation de dépôt”, 2000 (deed in French)
- Other provision, “arrêt des statuts” (deed in French)
- General meeting, “comparant agissant en lieu et place assemblée générale, dépôt au greffe Tribunal entreprise compétent expédition acte constitutif conformément loi” (deed in French)
- Registered office clause, “4630 Soumagne,rue du Pansery,35” (deed in French)
- Other provision, “site internet et adresse électronique” (deed in French)
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20256 activities
- La consultance,la prestation de services,principalement liées à l’énergie renouvelable
- La fabrication,l’achat,la transformation,la vente,l’installation,le montage,la distribution,l’importation,l’exportation ainsi que toutes autres formes de commercialisation et notamment,les activités d’intermédiaires commerciales de marchandises multiples,de produits et services environnementaux et écologiques dont notamment la pose,l’exploitation,la fourniture,l’installation,l’entretien,la maintenance,la réparation de tous panneaux solaires,thermiques et photovoltaïques
- La réalisation de toutes autres affaires ou réparations ayant trait aux domaines mentionnés ci-dessus ou susceptibles de les développer
- La construction,l’acquisition,la location de biens immobiliers nécessaires aux objets ci-dessus
- La gestion de portefeuille et plus généralement,de valeurs mobilières cotées ou non en bourse
- L’étude,l’obtention,l’achat,la rétrocession,l’exploitation,la vente,la concession de tous brevets,licences de brevets,procédés et secrets de fabrication et/ou d’exploitation,marque de systèmes relatifs aux industries des énergies renouvelables et environnementales
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Sites & property
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62070B0080/00R000 | Wallonia | 1,103 m² | - | - |