KF MANAGEMENT
ActiveSummary
KF MANAGEMENT has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,869 and a net result of €5,926. Equity is growing by about 9% per year across the filed financial years. Its solvency ranks better than 38% of 39,137 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €59,869
- Profit
- €5,926
Why 82raises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.54, cash €11,815lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed 22-08-2026)Show the evidence
Checked score
About 4 in 1,000 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 70, micro): better than 38% on solvency, 37% on liquidity, 38% on profitability and 58% on growth.
The bankruptcy probability was computed on 26-10-2026 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 7 accounts on average 27 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €5,926
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (22 days) Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00414662.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 131% above 2024.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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).
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 5,048 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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,659 | €9,692 | €2,837 | €1,462 | €1,797 | €9,853 | €12,365 | €14,723 | ▲ 19.1% |
| Other operating charges640/8 | - | - | - | €386 | €348 | €400 | €387 | €896 | ▲ 131% |
| Gross operating margin9900 | €46,230 | €22,216 | €25,726 | -€16,157 | €28,908 | €18,441 | €17,698 | €27,040 | ▲ 52.8% |
| Operating profit (loss)9901 | €30,656 | €5,912 | €20,156 | -€18,005 | €26,763 | €8,187 | €4,946 | €11,420 | ▲ 131% |
| Financial income75/76B | - | - | - | €1 | - | - | - | - | - |
| Recurring financial income75 | - | €1 | €967 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €242 | €104 | €138 | €668 | €2,952 | ▲ 342% |
| Recurring financial charges65 | €92 | €27 | €34 | €242 | €104 | €138 | €668 | €2,952 | ▲ 342% |
| Profit (loss) for the period before taxes9903 | €30,564 | €5,885 | €28,839 | -€18,246 | €26,660 | €8,050 | €4,278 | €8,469 | ▲ 98.0% |
| Income taxes67/77 | €8,395 | €3,081 | €9,763 | €1,311 | €6,902 | €3,216 | €5,618 | €2,543 | ▼ 54.7% |
| Profit (loss) for the period9904 | €22,169 | €2,805 | €19,076 | -€19,557 | €19,758 | €4,834 | -€1,340 | €5,926 | - |
| Profit (loss) for the period to be appropriated9905 | €22,169 | €2,805 | €19,076 | -€19,557 | €19,758 | €4,834 | -€1,340 | €5,926 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €39,406 | €48,797 | €71,379 | €59,114 | €69,732 | €90,053 | €75,532 | €147,207 | ▲ 94.9% |
| Fixed assets21/28 | €13,659 | €5,725 | €8,535 | €10,623 | €10,429 | €43,808 | €32,255 | €90,616 | ▲ 181% |
| Tangible fixed assets22/27 | €13,659 | €5,725 | €2,535 | €4,623 | €4,429 | €37,808 | €26,255 | €84,616 | ▲ 222% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €3,130 | - |
| Furniture and vehicles24 | - | - | - | €4,623 | €4,429 | €37,808 | €26,255 | €81,486 | ▲ 210% |
| Financial fixed assets28 | - | - | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Current assets29/58 | €25,747 | €43,071 | €62,844 | €48,491 | €59,303 | €46,245 | €43,277 | €56,591 | ▲ 30.8% |
| Amounts receivable within one year40/41 | €21,105 | €32,101 | €26,850 | €29,997 | €30,027 | €30,787 | €37,135 | €43,840 | ▲ 18.1% |
| Trade receivables40 | - | - | - | €10,890 | €10,890 | €21,650 | €28,165 | €43,840 | ▲ 55.7% |
| Other amounts receivable41 | - | - | - | €19,107 | €19,137 | €9,137 | €8,970 | - | - |
| Cash at bank and in hand54/58 | €4,215 | €10,970 | €35,994 | €18,494 | €29,276 | €14,940 | €5,625 | €11,815 | ▲ 110% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €518 | €517 | €936 | ▲ 81.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €39,406 | €48,797 | €71,379 | €59,114 | €69,732 | €90,053 | €75,532 | €147,207 | ▲ 94.9% |
| Equity10/15 | €28,369 | €31,174 | €50,249 | €30,692 | €50,450 | €55,284 | €53,944 | €59,869 | ▲ 11.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €22,169 | €24,974 | €44,049 | €44,049 | €44,049 | €44,049 | €44,049 | €44,049 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €42,189 | €42,189 | €42,189 | €44,049 | €44,049 | = |
| Profit (loss) carried forward14 | - | - | - | -€19,557 | €201 | €5,034 | €3,694 | €9,620 | ▲ 160% |
| Amounts payable17/49 | €11,037 | €17,623 | €21,129 | €28,422 | €19,282 | €34,769 | €21,588 | €87,337 | ▲ 305% |
| Amounts payable after more than one year17 | - | - | - | - | - | €4,167 | - | €43,497 | - |
| Financial debts170/4 | - | - | - | - | - | €4,167 | - | €43,497 | - |
| Amounts payable within one year42/48 | €11,037 | €17,623 | €21,129 | €28,422 | €19,282 | €26,276 | €17,451 | €36,840 | ▲ 111% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €10,000 | €4,167 | €16,463 | ▲ 295% |
| Trade debts44 | - | €276 | €441 | €22,282 | €8,429 | €7,080 | €4,579 | €7,258 | ▲ 58.5% |
| Suppliers440/4 | - | - | - | €22,282 | €8,429 | €7,080 | €4,579 | €7,258 | ▲ 58.5% |
| Taxes, remuneration and social security45 | - | - | - | €6,140 | €10,853 | €9,195 | €8,705 | €11,402 | ▲ 31.0% |
| Taxes450/3 | - | - | - | €6,140 | €10,853 | €9,195 | €8,705 | €11,402 | ▲ 31.0% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €1,718 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €4,327 | €4,137 | €7,000 | ▲ 69.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,169 | €2,805 | €19,076 | -€19,557 | €19,758 | €4,834 | -€1,340 | €5,926 | - |
| + Depreciation and write-downs630 | €13,659 | €9,692 | €2,837 | €1,462 | €1,797 | €9,853 | €12,365 | €14,723 | ▲ 19.1% |
| Operating cash flow (approximation) | €35,828 | €12,497 | €21,913 | -€18,095 | €21,555 | €14,687 | €11,025 | €20,649 | ▲ 87.3% |
| Investment in fixed assets (approximation) | - | -€1,759 | -€5,647 | -€3,550 | -€1,603 | -€43,232 | -€812 | -€73,084 | ▼ 8,905% |
| Change in cash | - | €6,755 | €25,024 | -€17,500 | €10,782 | -€14,336 | -€9,315 | €6,190 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-08-2026 | 2026-00414662 |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00411029 |
| 31-12-2023 | micro format | 06-08-2024 | 2024-00330407 |
| 31-12-2022 | full format | 31-07-2023 | 2023-00303506 |
| 31-12-2021 | full format | 16-08-2022 | 2022-20298657 |
| 31-12-2020 | micro format | 20-09-2021 | 2021-67500400 |
| 31-12-2019 | micro format | 09-10-2020 | 2020-60400532 |
| 31-12-2018 | micro format | 27-06-2019 | 2019-24700019 |
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 |
|---|---|
| KANNOUI Omar |
|
Owners and capital
Capital and shareholders
- 23-05-2025 Capital stated in 2 acts · 100 shares
- 02-05-2025 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-05
Gazette deed
Amendment of the articles · Legal-form changeCapital12 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Other provision, “OMZETTING IN EEN VENNOOTSCHAP MET BEPERKTE AANSPRAKELIJKHEID, eerste resolutie” (deed in Dutch)
- Other provision, “ZETELVERPLAATSING, tweede resolutie” (deed in Dutch)
- Other provision, “WIJZIGING VOORWAARDEN AANDELENOVERDRACHT, derde resolutie” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “statutair onbeschikbaar eigen vermogen, niet opgenomen bij gebrek aan bepaling” (deed in Dutch)
- Other provision, “vijfde resolutie, VIJFDE RESOLUTIE” (deed in Dutch)
- Other provision, “zesde resolutie, ZESDE RESOLUTIE” (deed in Dutch)
- Other provision, “zevende resolutie benoeming vaste vertegenwoordiger artikel 2:55, ZEVENDE RESOLUTIE - BENOEMING VAN EEN VASTE VERTEGENWOORDIGER IN OVEREENSTEMMING MET ARTIKEL 2…” (deed in Dutch)
- Other provision, “achtste resolutie zetel, ACHTSTE RESOLUTIE - ZETEL” (deed in Dutch)
- Other provision, “negende resolutie volmachten, NEGENDE RESOLUTIE - VOLMACHTEN” (deed in Dutch)
09-05
Gazette deed
Amendment of the articlesLegal-form conversion · Registered-office move · Transfer restriction7 facts ▸
- General meeting, 26-12-2023
- Legal-form conversion, “omzetting in een naamloze vennootschap” (deed in Dutch)
- Registered-office move
- Transfer restriction, “wijziging voorwaarden aandelenoverdracht” (deed in Dutch)
- Amendment of the articles
- Capital (2 times)
- Other provision, “We laten” (deed in Dutch) (5 times)
02-05
Gazette deed
Resignation: KANNOUI Omar (manager)Appointment: KANNOUI Omar (director) · Permanent representative: KANOUI Omar · Amendment of the articles13 facts ▸
- General meeting, 26-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “formes et majorités de la modification aux statuts, suppression du compte de capitaux propres statutairement indisponible créé en application de l'article 39 §2…” (deed in French)
- Registered-office move, Vitsenblok 2 3080 Duisburg
- Power of attorney, Frédéric JENTGES
- Director resignation, KANNOUI Omar (manager)
- Director discharge, KANNOUI Omar (gérant démissionnaire)
- Board rule, 1, “unanimité” (deed in French)
- Director appointment, KANNOUI Omar (director (not named in the articles))
- Permanent representative, KANOUI Omar (représentant permanent de la société)
- Registered office clause, “Vitsenblok 2 3080 Duisburg” (deed in French)
- +1 further fact in this act
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have 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 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24023A0037/00V002 | Flanders | 594 m² | 1 · 95 m² | 9.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met bedrijfsadministratie, managementadvies, organisatie en financiële…” (deed in Dutch)deed of 23-05-2025
5 activities (deed in Dutch)
- Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met bedrijfsadministratie, managementadvies, organisatie en financiële en kwaliteitsaudit; de organisatie van culturele of economische evenementen en alle commerciële of promotionele activiteiten.
- De Vennootschap heeft eveneens tot doel alle vastgoedgerelateerde activiteiten uit te voeren, zowel op commerciële als op activabasis, en meer bepaald het verwerven, vervreemden, promoten, verhuren, bouwen, ruilen en ontwikkelen van alle gebouwen, al dan niet gebouwd, het afsluiten en verlenen van erfpachten of andere gelijkaardige rechten, en het optreden als tussenpersoon in alle vastgoedtransacties.
- In het bijzonder mag de Vennootschap alle financiële transacties uitvoeren, zoals het verwerven, door aankoop of anderszins, van alle effecten, vorderingen en aandelenbelangen in alle vennootschappen van welke aard ook.
- De Vennootschap mag bestuursmandaten aanvaarden, borg staan voor verbintenissen van derden en in het bijzonder van aandeelhouders en bestuurders.
- De Vennootschap kan zich ook borg stellen en haar activa in pand geven ten gunste en voor rekening van derden.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 23-05-2025
- Name clauseThe name the company operates under according to its articles.
- KF MANAGEMENTdeed of 23-05-2025
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- One provision in the deeddeed of 23-05-2025
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, eenvoudige beslissing” (deed in Dutch)deed of 23-05-2025
- Elected domicileThe address where directors or the company receive official documents.
- “Woonstkeuze, waar alle mededelingen, aanmaningen, dagvaardingen en betekeningen hem geldig kunnen worden gedaan als hij geen andere…” (deed in Dutch)deed of 09-05-2025
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 14. Bevoegdheden het bestuursorgaan van Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, een of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)“Vergoeding bestuurders, algemene kosten, los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam elektronisch mogelijk” (deed in Dutch)deed of 23-05-2025
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deeddeed of 23-05-2025
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, dag openstelling intekening” (deed in Dutch)deed of 23-05-2025
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- “Op naam, titularis mag kennis nemen van register betreffende zijn effecten” (deed in Dutch)deed of 09-05-2025
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “De aanwending van de jaarlijkse nettowinst wordt bepaald door de algemene vergadering, op voorstel van het bestuursorgaan, elk aandeel recht…” (deed in Dutch)deed of 09-05-2025
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of June at 18:00deed of 23-05-2025
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- One provision in the deeddeed of 09-05-2025
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…” (deed in Dutch)deed of 09-05-2025
- Meeting procedureHow the meeting runs, from opening to minutes.
- “Kopieën voor derden worden ondertekend door één of meer vertegenwoordigingsbevoegde leden van het bestuursorgaan, de notulen van de algemene…” (deed in Dutch)deed of 09-05-2025
- Adjournment ruleWhen the board may postpone a meeting; by law once, by three weeks.
- “Tenzij de algemene vergadering er anders over beslist, doet deze vergadering geen afbreuk aan de andere genomen besluiten, drie weken” (deed in Dutch)deed of 09-05-2025
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Elke aandeelhouder kan aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, een schriftelijke volmacht…” (deed in Dutch)deed of 09-05-2025
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Hernieuwbare termijn van drie jaar, één of meerdere” (deed in Dutch)deed of 09-05-2025
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)deed of 23-05-2025
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie indien geen andere vereffenaar benoemd, mits naleving voorwaarden Wetboek van vennootschappen en verenigingen” (deed in Dutch)deed of 23-05-2025
- JurisdictionWhich court has jurisdiction in a dispute about the company.
- “De rechtbank in wiens rechtsgebied de zetel is gevestigd, voor elk betwisting omtrent de zaken van de vennootschap en de uitvoering van deze…” (deed in Dutch)deed of 09-05-2025