KEA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of KEA CONSTRUCT is 1.5% (moderate). The annual accounts of KEA CONSTRUCT for fiscal year 2024 show a net loss of 67% of the equity at the start of that year. The 2024 annual accounts show equity of €18k and a net result of €-36k. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 9982 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-71
Solvency44▼-42
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.29 against 2.44 in 2023; short-term debt: 42% and cash: 25.8% of total assets), but 80.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
19.2%
Return on assets
-38.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-06-2026, 326 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
326 d late
2023
1 d early
2022
35 d early
2021
2 d late
2020
30 d late
2019
3 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▼ 66.5%
2023 · €54k
2018: €12k
2019: €17k
2020: €25k
2021: €31k
2022: €52k
2023: €54k
2018 → 2024
Total assets
€94k▲ 7.0%
2023 · €88k
2018: €99k
2019: €184k
2020: €131k
2021: €127k
2022: €132k
2023: €88k
2018 → 2024
Net result
€-36k
2023 · €1k
2018: €10k
2019: €5k
2020: €8k
2021: €6k
2022: €21k
2023: €1k
2018 → 2024
Working capital
€51k▲ 3.7%
2023 · €49k
2018: €52k
2019: €-11k
2020: €2k
2021: €14k
2022: €41k
2023: €49k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€31k▲ 24.0%€52k▲ 67.6%€54k▲ 2.8%€18k▼ 66.5%
Operating result€9k-€9k▼ 0.5%€10k▲ 19.0%€2k▼ 77.4%€-32k
Net result€8k-€6k▼ 22.0%€21k▲ 249%€1k▼ 93.0%€-36k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €32k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94k
Fixed assets
€4k ▼ 23.4%
Current assets
€90k ▲ 8.8%
Equity and liabilities €94k
Equity
€18k ▼ 66.5%
Debt
€76k ▲ 123%
Debt's share of the balance-sheet total rises from 38.8% to 80.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-25k▼
2023 · €8k
Cash flow
€-29k▼
2023 · €7k
Current ratio
2.29▼
2023 · 2.44
Debt to equity
4.22▲
2023 · 0.63
ROE
-198.7%▼
2023 · 2.8%
ROA
-38.1%▼
2023 · 1.7%
Interest coverage
-7.58▼
2023 · 43.57
Debt ≤ 1 year
€39k▲
2023 · €34k
Debt > 1 year
€36k
Income taxes
€575▼
2023 · €661
Staff costs
€49k▼
2023 · €50k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€88k€94k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Land and buildings22€2k-
Plant, machinery and equipment23€3k-
Furniture and vehicles24€0€4k▲
Current assets29/58€83k€90k▲
Amounts receivable within one year40/41€76k€66k▼
Trade receivables40€35k€37k▲
Other amounts receivable41€41k€29k▼
Cash at bank and in hand54/58€7k€24k▲
Deferred charges and accrued income490/1€142-
Equity and liabilities
Total equity and liabilities10/49€88k€94k▲
Equity10/15€54k€18k▼
Contributions10/11€2k€2k=
Reserves13€52k€16k▼
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€46k€10k▼
Amounts payable17/49€34k€76k▲
Amounts payable after more than one year17-€36k
Financial debts170/4-€36k
Amounts payable within one year42/48€34k€39k▲
Current portion of amounts payable after more than one year42-€9k
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€15k€10k▼
Taxes450/3€9k€839▼
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€18k€18k▲
Income statement
Code20232024
Remuneration, social security and pensions62€50k€49k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€556€2k▲
Gross operating margin9900€59k€26k▼
Operating profit (loss)9901€2k€-32k▼
Financial income75/76B€3€8▲
Recurring financial income75€3€8▲
Financial charges65/66B€190€3k▲
Recurring financial charges65€190€3k▲
Profit (loss) for the period before taxes9903€2k€-35k▼
Income taxes67/77€661€575▼
Profit (loss) for the period9904€1k€-36k▼
Profit (loss) for the period to be appropriated9905€1k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-36k▼
Transfer from equity791/2-€36k
Transfer to equity691/2€1k-
To other reserves6921€1k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 326 days late
2024
31-12
Financial
Weakest financial yearnet €-36k ▼2514%
Net result drops to €-36k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €21k ▲249%
Net result €21k, the highest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Heusden-Zolder · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koerselsebaan 1623550 Heusden-ZolderGround area
1,431 m²
Building footprint
176 m²
Volume, LiDAR
322 m³
Parcel 71025A0611/00L000, Flanders · tallest building 5.6 m. Linked by address, not a title deed.
1 establishment unit
KEA CONSTRUCT
since 20172.276.149.639
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A0611/00L000 | Flanders | 1,431 m² | 1 · 176 m² | 5.6 m |
Linked by address, not proof of ownership
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.
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,256 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.