KCM
ActiveSummary
KCM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-138k) and a net result of €-29k. Equity is shrinking by ~48.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63=
Solvency2▼-7
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 118.5% and cash: 1.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-22.6%
Return on assets
-4.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-138k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
15 d early
2023
20 d early
2022
26 d early
2021
4 d late
2020
15 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-138k▼ 26.2%
2024 · €-110k
2018: €92khighest in 8 years
2019: €61k▼ -33.5% vs 2018
2020: €27k▼ -56.6% vs 2019
2021: €-7k▼ -124% vs 2020
2022: €-45k▼ -585% vs 2021
2023: €-78k▼ -75.8% vs 2022
2024: €-110k▼ -40.0% vs 2023
2025: €-138k▼ -26.2% vs 2024lowest in 8 years
2018 → 2025
Total assets
€613k▼ 7.8%
2024 · €664k
2018: €974khighest in 8 years
2019: €903k▼ -7.3% vs 2018
2020: €941k▲ +4.2% vs 2019
2021: €864k▼ -8.1% vs 2020
2022: €792k▼ -8.4% vs 2021
2023: €732k▼ -7.6% vs 2022
2024: €664k▼ -9.3% vs 2023
2025: €613k▼ -7.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€-29k▲ 8.5%
2024 · €-31k
2018: €-41klowest in 8 years
2019: €-40k▲ +3.0% vs 2018
2020: €-35k▲ +13.4% vs 2019
2021: €-33k▲ +4.7% vs 2020
2022: €-38k▼ -14.9% vs 2021
2023: €-34k▲ +11.3% vs 2022
2024: €-31k▲ +7.2% vs 2023
2025: €-29k▲ +8.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€-717k▼ 13.5%
2024 · €-632k
2018: €-548khighest in 8 years
2019: €-560k▼ -2.1% vs 2018
2020: €-562k▼ -0.4% vs 2019
2021: €-568k▼ -1.1% vs 2020
2022: €-575k▼ -1.1% vs 2021
2023: €-583k▼ -1.5% vs 2022
2024: €-632k▼ -8.4% vs 2023
2025: €-717k▼ -13.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-7k-€-45k▼ 585%€-78k▼ 75.8%€-110k▼ 40.0%€-138k▼ 26.2%
2021: €-7khighest in 5 years
2022: €-45k▼ -585% vs 2021
2023: €-78k▼ -75.8% vs 2022
2024: €-110k▼ -40.0% vs 2023
2025: €-138k▼ -26.2% vs 2024lowest in 5 years
Operating result€-38k-€-37k▲ 0.9%€-33k▲ 10.4%€-32k▲ 5.4%€-30k▲ 6.1%
2021: €-38klowest in 5 years
2022: €-37k▲ +0.9% vs 2021
2023: €-33k▲ +10.4% vs 2022
2024: €-32k▲ +5.4% vs 2023
2025: €-30k▲ +6.1% vs 2024highest in 5 years
Net result€-33k-€-38k▼ 14.9%€-34k▲ 11.3%€-31k▲ 7.2%€-29k▲ 8.5%
2021: €-33k
2022: €-38k▼ -14.9% vs 2021lowest in 5 years
2023: €-34k▲ +11.3% vs 2022
2024: €-31k▲ +7.2% vs 2023
2025: €-29k▲ +8.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2025 against €32k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €613k
Fixed assets
€604k ▼ 8.4%
Current assets
€8k ▲ 96.0%
Key figures and ratios
EBITDA
€28k▼
2024 · €37k
Cash flow
€29k▼
2024 · €37k
Solvency
-22.6%▼
2024 · -16.5%
Current ratio
0.01▲
2024 · 0.01
Debt to equity
-5.26▲
2024 · -6.82
ROA
-4.7%▲
2024 · -4.7%
Interest coverage
19.78▲
2024 · 17.07
Debt
€727k▼
2024 · €747k
Debt ≤ 1 year
€726k▲
2024 · €636k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€664k€613k▼
Fixed assets21/28€660k€604k▼
Tangible fixed assets22/27€660k€604k▼
Land and buildings22€659k€604k▼
Plant, machinery and equipment23€750€500▼
Current assets29/58€4k€8k▲
Cash at bank and in hand54/58€4k€8k▲
Deferred charges and accrued income490/1€214€223▲
Equity and liabilities
Total equity and liabilities10/49€664k€613k▼
Equity10/15€-110k€-138k▼
Contributions10/11€6k€6k=
Reserves13€140k€133k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€79k€71k▼
Distributable reserves133€60k€60k=
Profit (loss) carried forward14€-256k€-277k▼
Provisions and deferred taxes16€26k€24k▼
Deferred taxes168€26k€24k▼
Amounts payable17/49€747k€727k▼
Amounts payable after more than one year17€110k-
Financial debts170/4€110k-
Amounts payable within one year42/48€636k€726k▲
Current portion of amounts payable after more than one year42€19k€110k▲
Trade debts44-€2k
Suppliers440/4-€2k
Other amounts payable47/48€617k€614k▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€58k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€43k€34k▼
Operating profit (loss)9901€-32k€-30k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-34k€-31k▲
Transfer from deferred taxes780€3k€3k=
Profit (loss) for the period9904€-31k€-29k▲
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€-24k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-256k€-277k▼
Profit (loss) brought forward from the previous period14P€-232k€-256k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72k | €71k | €72k | €68k | €58k | ▼ 15.6% |
| Other operating charges640/8 | €4k | €6k | €7k | €6k | €6k | ▲ 3.1% |
| Gross operating margin9900 | €38k | €40k | €45k | €43k | €34k | ▼ 19.9% |
| Operating profit (loss)9901 | €-38k | €-37k | €-33k | €-32k | €-30k | ▲ 6.1% |
| Financial charges65/66B | €4k | €3k | €3k | €2k | €1k | ▼ 34.3% |
| Recurring financial charges65 | €4k | €3k | €3k | €2k | €1k | ▼ 34.3% |
| Profit (loss) for the period before taxes9903 | €-41k | €-41k | €-36k | €-34k | €-31k | ▲ 7.9% |
| Transfer from deferred taxes780 | €8k | €3k | €3k | €3k | €3k | = |
| Profit (loss) for the period9904 | €-33k | €-38k | €-34k | €-31k | €-29k | ▲ 8.5% |
| Transfer from tax-exempt reserves789 | €8k | €8k | €8k | €8k | €8k | = |
| Transfer to tax-exempt reserves689 | €6k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-31k | €-30k | €-26k | €-24k | €-21k | ▲ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €864k | €792k | €732k | €664k | €613k | ▼ 7.8% |
| Fixed assets21/28 | €862k | €791k | €728k | €660k | €604k | ▼ 8.4% |
| Tangible fixed assets22/27 | €862k | €791k | €728k | €660k | €604k | ▼ 8.4% |
| Land and buildings22 | €861k | €790k | €727k | €659k | €604k | ▼ 8.4% |
| Plant, machinery and equipment23 | €2k | €1k | €1k | €750 | €500 | ▼ 33.3% |
| Current assets29/58 | €2k | €1k | €4k | €4k | €8k | ▲ 96.0% |
| Cash at bank and in hand54/58 | €2k | €1k | €4k | €4k | €8k | ▲ 101% |
| Deferred charges and accrued income490/1 | €203 | €216 | €239 | €214 | €223 | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €864k | €792k | €732k | €664k | €613k | ▼ 7.8% |
| Equity10/15 | €-7k | €-45k | €-78k | €-110k | €-138k | ▼ 26.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €163k | €155k | €148k | €140k | €133k | ▼ 5.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €101k | €94k | €86k | €79k | €71k | ▼ 9.6% |
| Distributable reserves133 | €60k | €60k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €-176k | €-206k | €-232k | €-256k | €-277k | ▼ 8.2% |
| Provisions and deferred taxes16 | €34k | €31k | €29k | €26k | €24k | ▼ 9.6% |
| Deferred taxes168 | €34k | €31k | €29k | €26k | €24k | ▼ 9.6% |
| Amounts payable17/49 | €837k | €805k | €781k | €747k | €727k | ▼ 2.7% |
| Amounts payable after more than one year17 | €267k | €229k | €192k | €110k | - | - |
| Financial debts170/4 | €267k | €229k | €192k | €110k | - | - |
| Amounts payable within one year42/48 | €570k | €576k | €587k | €636k | €726k | ▲ 14.1% |
| Current portion of amounts payable after more than one year42 | €37k | €37k | €37k | €19k | €110k | ▲ 483% |
| Trade debts44 | €646 | - | €960 | - | €2k | - |
| Suppliers440/4 | €646 | - | €960 | - | €2k | - |
| Other amounts payable47/48 | €532k | €539k | €549k | €617k | €614k | ▼ 0.6% |
| Accrued charges and deferred income492/3 | - | - | €2k | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €-38k | €-34k | €-31k | €-29k | ▲ 8.5% |
| + Depreciation and write-downs630 | €72k | €71k | €72k | €68k | €58k | ▼ 15.6% |
| Operating cash flow (approximation) | €39k | €33k | €38k | €37k | €29k | ▼ 21.6% |
| Investment in fixed assets (approximation) | - | €0 | €-9k | €0 | €-2k | - |
| Change in cash | - | €-918 | €3k | €534 | €4k | ▲ 667% |
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
Next filing, fiscal year 2026, expected by
2026
25-09
State Gazette act
Resignation: COENEN, Karel Theo Bert (manager)Appointment: COENEN, Karel Theo Bert (non-statutory director) · Capital increase · Declaration23 facts ▸
State Gazette act
Resignation: COENEN, Karel Theo Bert (manager)
Appointment: COENEN, Karel Theo Bert (non-statutory director) · Capital increase · Declaration23 facts ▸
- General meeting, 27-08-2026
- Capital increase, €250.000
- Declaration, eigendom, volle eigendom onder gewone waarborg, vrij, zuiver en onbelast
- Declaration, geen nieuwe aandelen, geen nieuwe aandelen uit te geven voor deze inbreng
- Declaration, aanvaarding, alle aandeelhouders verklaren te aanvaarden
- Declaration, vermogen, 256200
- Legal-form conversion, behouden, besloten vennootschap (afgekort BV)
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Capital conversion, eigen vermogensrekening niet-opgevraagde inbrengen
- Reserve release, tevens voor eventuele toekomstige bijstortingen, opheffen
- Statutes amendment
- Capital
- +11 further facts in this act
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, last change in 2026
COENEN, Karel Theo Bert
CurrentNon-statutory director · since 25-09-2026
25-09-2026
Resigned as Manager
25-09-2026
Appointed as Non-statutory director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Diest · 1 establishment unit since 2004
Ground area
116 m²
Building footprint
65 m²
Volume, LiDAR
789 m³
Parcel 24020A1484/00E000, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KCM BVBA
since 20042.143.139.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24020A1484/00E000 | Flanders | 116 m² | 1 · 65 m² | 13.9 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Articles of association
Who signs
Each director alone
Annual meeting
Last Friday of May at 19:00
Duration
Unlimited
Purpose
Het management van het verzekeringsagentschap "Verzekeringskantoor Karel Coenen", en in het algemeen alles wat enig verband met dit beheer houdt; De vennootschap mag in België en…
Full purpose (2 activities)
- Het management van het verzekeringsagentschap "Verzekeringskantoor Karel Coenen", en in het algemeen alles wat enig verband met dit beheer houdt.
- De vennootschap mag in België en In het buitenland alle roerende, onroerende, financiële, commerciële en industriële handelingen stellen die rechtstreeks of onrechtstreeks betrekking hebben op haar doel/voorwerp of die de verwezenlijking ervan kunnen bevorderen
Other provisions of the articles (28)
- Legal form clause: KCM
- Registered office clause: Vlaamse Gewest, bij enkel besluit van het bestuursorgaan
- Capital contribution
- Share issue rule: e-mail of, voor personen waarvan de vennootschap niet over een e-mailadres beschikt, per gewone post, op dezelfde dag te verzenden als de communicaties per e-ma…
- Share class: kan gehouden worden in elektronische vorm, op naam
- Other statement: de effecten zijn ondeelbaar; de vennootschap erkent maar één eigenaar voor elk effect wat de uitoefening van de aan de aandeelhouders toegekende rechten betreft…
- Other statement: in geval van overlijden van de enige aandeelhouder worden de aan de aandelen verbonden rechten uitgeoefend door de regelmatig in het bezit getreden of in het be…
- Transfer restriction: alle procedure- en expertisekosten zijn voor de helft ten laste van de overdrager en voor de andere helft ten laste van de koper(s), naar evenredigheid met het…
- Board rule
- Board rule: als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van deze bevoegdheden te…
- Board rule: vergoeding van de bestuurders, geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten
- Board rule: het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden, dagelijks bestuur
- Auditor rule: hernieuwbare termijn van drie jaar, één of meerdere
- Other statement (9)
- Other statement: elektronische algemene vergaderingen, het komt toe aan het bureau van de algemene vergadering om de eerbiediging van de voorwaarden die zijn bepaald door de wet…
- Other statement: toegang tot de algemene vergadering
- Dissolution rule: beslissing van de algemene vergadering, vormen vereist voor de statutenwijziging
- Liquidation rule: krachtens deze statuten indien geen andere vereffenaar zou zijn benoemd, bestuurder(s) in functie
- Liquidation distribution: na aanzuivering van alle schulden, lasten en kosten van de vereffening of consignatie van de nodige sommen om die te voldoen en, indien er aandelen zijn die nie…
- Other statement: de bepalingen van het Wetboek van vennootschappen en verenigingen, waarvan niet geldig zou zijn afgeweken, worden geacht te zijn ingeschreven in huidige akte, e…
Identification & contact
Identification
Legal formPrivate limited company
Founded29-09-2004
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.