KF CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of KF CONSTRUCT is 2.4% (moderate). The 2024 annual accounts show equity of €165,839 and a net result of €17,913. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 40% of 3,535 sector peers (NACE 43, financial year 2024). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 3.4 FTE
- Equity
- €165,839
- Profit
- €17,913
- FALISE Kris Jean Maria GhislainDirector
Why 53raises riskFigures for financial year 2024 (filed 18-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 49 days late; 3 of the last 3 late2 establishment unitslowers riskFounded in 2011Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 35% on solvency, 55% on liquidity, 45% on profitability and 58% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 66 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · full…
- Equity above €150,000equity €165,839 ▲12.1%
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 25 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen three years in a row; 2024 is 2% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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), Staff (FTE).
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 10,905 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €106,437 | €181,362 | €199,397 | €171,337 | ▼ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,418 | €18,293 | €18,703 | €37,370 | €60,438 | €77,601 | €80,344 | ▲ 3.5% |
| Other operating charges640/8 | - | - | - | €3,273 | €2,253 | €2,268 | €1,841 | ▼ 18.8% |
| Gross operating margin9900 | €49,563 | €79,310 | €103,205 | €194,027 | €285,764 | €314,483 | €287,970 | ▼ 8.4% |
| Operating profit (loss)9901 | €20,949 | €11,986 | €14,642 | €46,947 | €41,710 | €35,217 | €34,448 | ▼ 2.2% |
| Financial income75/76B | - | - | - | €1 | - | €424 | €48 | ▼ 88.8% |
| Recurring financial income75 | €281 | €365 | €167 | €1 | - | €424 | €48 | ▼ 88.8% |
| Financial charges65/66B | - | - | - | €3,756 | €4,057 | €8,585 | €10,361 | ▲ 20.7% |
| Recurring financial charges65 | €1,704 | €1,009 | €1,563 | €3,756 | €4,057 | €8,585 | €10,361 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | €19,526 | €11,342 | €13,246 | €43,192 | €37,653 | €27,056 | €24,134 | ▼ 10.8% |
| Income taxes67/77 | €6,336 | €3,829 | €2,201 | €11,022 | €4,697 | €8,563 | €6,221 | ▼ 27.4% |
| Profit (loss) for the period9904 | €13,190 | €7,513 | €11,045 | €32,170 | €32,956 | €18,493 | €17,913 | ▼ 3.1% |
| Profit (loss) for the period to be appropriated9905 | €13,190 | €7,513 | €11,045 | €32,170 | €32,956 | €18,493 | €17,913 | ▼ 3.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €175,183 | €191,850 | €159,595 | €340,028 | €452,595 | €499,413 | €493,740 | ▼ 1.1% |
| Fixed assets21/28 | €59,188 | €48,337 | €45,946 | €138,082 | €235,491 | €329,074 | €311,080 | ▼ 5.5% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €58,938 | €48,087 | €45,696 | €137,832 | €235,241 | €328,824 | €310,830 | ▼ 5.5% |
| Plant, machinery and equipment23 | - | - | - | €31,370 | €146,678 | €110,325 | €49,468 | ▼ 55.2% |
| Furniture and vehicles24 | - | - | - | €13,848 | €24,969 | €17,162 | €10,991 | ▼ 36.0% |
| Leasing and similar rights25 | - | - | - | €92,614 | €63,595 | €201,337 | €250,371 | ▲ 24.4% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €115,995 | €143,513 | €113,649 | €201,946 | €217,104 | €170,339 | €182,660 | ▲ 7.2% |
| Stocks and contracts in progress3 | €5,521 | €6,841 | €6,756 | €11,255 | €9,180 | €24,399 | €24,280 | ▼ 0.5% |
| Stocks30/36 | - | - | - | €11,255 | €9,180 | €24,399 | €24,280 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €96,068 | €91,993 | €75,721 | €105,874 | €51,138 | €109,772 | €86,195 | ▼ 21.5% |
| Trade receivables40 | - | - | - | €77,245 | €24,898 | €73,759 | €66,324 | ▼ 10.1% |
| Other amounts receivable41 | - | - | - | €28,629 | €26,240 | €36,012 | €19,870 | ▼ 44.8% |
| Current investments50/53 | €5,848 | €11,555 | €21,660 | €74,884 | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | - | - | €147,846 | €25,679 | €61,773 | ▲ 141% |
| Deferred charges and accrued income490/1 | - | - | - | €9,933 | €8,941 | €10,490 | €10,412 | ▼ 0.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €175,183 | €191,850 | €159,595 | €340,028 | €452,595 | €499,413 | €493,740 | ▼ 1.1% |
| Equity10/15 | €63,748 | €71,261 | €82,306 | €114,476 | €147,432 | €147,926 | €165,839 | ▲ 12.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €31,860 | €50,260 | €50,260 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | €30,000 | €50,260 | €50,260 | = |
| Profit (loss) carried forward14 | €55,688 | €63,201 | €74,246 | €106,416 | €109,372 | €91,466 | €109,379 | ▲ 19.6% |
| Amounts payable17/49 | €111,435 | €120,589 | €77,289 | €225,552 | €305,163 | €351,488 | €327,901 | ▼ 6.7% |
| Amounts payable after more than one year17 | €35,296 | €24,607 | €13,719 | €75,146 | €111,866 | €212,073 | €212,304 | ▲ 0.1% |
| Financial debts170/4 | - | - | - | €75,146 | €111,866 | €212,073 | €212,304 | ▲ 0.1% |
| Amounts payable within one year42/48 | €72,309 | €88,382 | €59,659 | €144,646 | €186,697 | €136,014 | €108,557 | ▼ 20.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €37,287 | €34,241 | €49,321 | €41,551 | ▼ 15.8% |
| Trade debts44 | €55,411 | €69,844 | €21,170 | €68,041 | €58,133 | €21,838 | €36,201 | ▲ 65.8% |
| Suppliers440/4 | - | - | - | €68,041 | €58,133 | €21,838 | €36,201 | ▲ 65.8% |
| Advances received on contracts in progress46 | - | - | - | €23,768 | €73,559 | €14,180 | €13,718 | ▼ 3.3% |
| Taxes, remuneration and social security45 | - | - | - | €12,550 | €20,765 | €14,974 | €16,127 | ▲ 7.7% |
| Taxes450/3 | - | - | - | €9,458 | €15,587 | €10,084 | €13,152 | ▲ 30.4% |
| Remuneration and social security454/9 | - | - | - | €3,092 | €5,178 | €4,890 | €2,975 | ▼ 39.2% |
| Other amounts payable47/48 | - | - | - | €3,000 | - | €35,701 | €961 | ▼ 97.3% |
| Accrued charges and deferred income492/3 | - | - | - | €5,760 | €6,600 | €3,400 | €7,040 | ▲ 107% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,190 | €7,513 | €11,045 | €32,170 | €32,956 | €18,493 | €17,913 | ▼ 3.1% |
| + Depreciation and write-downs630 | €19,418 | €18,293 | €18,703 | €37,370 | €60,438 | €77,601 | €80,344 | ▲ 3.5% |
| Operating cash flow (approximation) | €32,608 | €25,806 | €29,748 | €69,540 | €93,395 | €96,094 | €98,257 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | -€7,442 | -€16,312 | -€129,506 | -€157,847 | -€171,184 | -€62,350 | ▲ 63.6% |
| Change in cash | - | - | - | - | - | -€122,167 | €36,094 | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 18-09-2025 | 2025-00494380 |
| 31-12-2023 | full format | 25-10-2024 | 2024-00521161 |
| 31-12-2022 | full format | 23-10-2023 | 2023-00490112 |
| 31-12-2021 | full format | 25-11-2022 | 2022-20530907 |
| 31-12-2020 | full format | 31-08-2021 | 2021-65200556 |
| 31-12-2019 | full format | 31-08-2020 | 2020-50700510 |
| 31-12-2018 | full format | 28-08-2019 | 2019-59100506 |
| 31-12-2017 | full format | 30-09-2018 | 2018-68700299 |
| 31-12-2016 | full format | 27-09-2017 | 2017-65100422 |
| 31-12-2015 | full format | 28-09-2016 | 2016-64500045 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FALISE Kris Jean Maria Ghislain |
|
Owners and capital
Capital and shareholders
- FALISE Kris Jean Maria Ghislain 75 shares
- DEBROUX Nathalie Michelle Anne Ghislaine 25 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 19-12-2023 Converted to unavailable equity
- 19-12-2023 Converted to available equity
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
19-12
Gazette deed
Appointment: FALISE Kris Jean Maria Ghislain (director)Resignation: FALISE Kris Jean Maria Ghislain (manager) · Shareholding · Power of attorney18 facts ▸
- General meeting, 06-12-2023
- Shareholding, 75, “registre des actions nominatives” (deed in French)
- Shareholding, 25, “registre des actions nominatives” (deed in French)
- Power of attorney, TOUIL Hajar
- Other provision, “Constat de l’application du Code des Sociétés et des Associations à compter du 2020-01-01, ordre du jour point 1” (deed in French)
- Other provision, “supprimer le compte de capitaux propres statutairement indisponible et rendre les capitaux propres disponibles en vue des distributions futures, ordre du jour p…” (deed in French)
- Other provision, “adoption de nouveaux statuts en concordance avec le Code des sociétés et des associations,sans modification de l’objet, ordre du jour point 3” (deed in French)
- Power of attorney, Jacques WATHELET
- Director appointment, FALISE Kris Jean Maria Ghislain (director (not named in the articles)) (2 times)
- Registered office clause, “sixième résolution, 1315 Incourt,rue de Patruange,numéro 17 boite C” (deed in French)
- Legal-form conversion, “société à responsabilité limitée (SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- +6 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds 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.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0842.105.894
Recognitions · licences · registrations
Recognised contractor
5 categories- C General road works contractsclass 2, up to €330,000
- C1 Ordinary sewer worksclass 2, up to €330,000
- E1 Trunk sewersclass 2, up to €330,000
- E2 Pile foundations, sheet piling and diaphragm wallsclass 2, up to €330,000
- G General earthworks contractsclass 2, up to €330,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25093B0289/00S000 | Wallonia | 1,573 m² | 1 · 86 m² | - |
| 25043B0174/00K000 | Wallonia | 145 m² | 1 · 66 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “À la réalisation et le placement de Techno Pieux; Avec l’entreprise générale de construction ainsi que toutes transformation ayant un lien…” (deed in French)
7 activities (deed in French)
- À la réalisation et le placement de Techno Pieux.
- Avec l’entreprise générale de construction ainsi que toutes transformation ayant un lien quelconque avec la construction dont l’entreprise générale de construction avec coordination des travaux par sous-traitants,isolation thermique et acoustique,placards et cuisines équipées,étanchéité de bâtiments,installateur en chauffage central,installateur-électricien,vitrage,menuiserie et charpente,menuiserie en PVC,maçonnerie et béton démolition,sanitaire et plomberie,chauffage au gaz par appareil individuel,zinguerie et couverture métallique de construction,couvertures non métalliques de construction,frigoriste,enseignes lumineuses,carrelage,plafonnage,rejointoyage,pose chappes,peintures,pose de cloisons et faux plafonds en gyproc,petits terrassements,l’étanchéité,le drainage,les travaux hydrauliques,les travaux de route,la coordination de la sécurité,l’aménagement et l’entretien de terrains divers,parcs et jardins.
- Tant en Belgique qu’à l’étranger,la constitution et la gestion d’un patrimoine immobilier et la location financement de biens immeubles aux tiers,l’acquisition par l’achat ou autrement,la vente,l’échange,la construction,la transformation,l’amélioration,l’équipement,l’aménagement,l’embellissement,l’entretien,la location,la prise en location,le lotissement,la prospection et l’exploitation de biens immobiliers,ainsi que toutes opérations qui,directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine immobilier,de même que se porter caution pour la bonne fin d’engagements pris par des tiers qui auraient la jouissance de ces biens immobiliers.
- D'une façon générale accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet social ou qui seraient de nature à en faciliter directement ou indirectement,entièrement ou partiellement,la réalisation.
- S’intéresser par voie d’association,d’apport,de fusion d’intervention financière ou autrement dans toutes sociétés,associations ou entreprises dont l’objet est analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Accepter un mandat d’administrateur,de gérant ou de liquidateur dans d’autres sociétés.
- Acquérir des droits démembrés dans un immeuble et mettre toute ou partie d’immeuble à la disposition des membres de son personnel et/ou des dirigeants de la société.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KF CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, peut établir par simple décision de l’organe d’administration des sièges administratifs,agences,ateliers,dépôts et…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, assemblée” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:30
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Sans préjudice faculté assemblée de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque…” (deed in French)