KF Project Solutions
ActiveSummary
KF Project Solutions has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €396,872 and a net result of €96,416. Equity is growing by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 18.37 against 6.49 in 2023; short-term debt: 5.4% and cash: 48.5% of total assets), and 5.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.6%
Return on assets
23%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
159 d early
2022
21 d late
2021
3 d early
2020
31 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€96,416▲ 14.0%
2023 · €84,589
Working capital
€395,911▲ 31.6%
2023 · €300,862
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€97,475▲ 1,219%€104,078▲ 6.8%€89,832▼ 13.7%€118,647▲ 32.1%€113,837▼ 4.1%
Net result€68,942above the sector's middle half▲ 1,688%€73,821above the sector's middle half▲ 7.1%€65,044above the sector's middle half▼ 11.9%€84,589above the sector's middle half▲ 30.0%€96,416above the sector's middle half▲ 14.0%
Equity€101,969within the sector's middle half▲ 209%€175,789within the sector's middle half▲ 72.4%€240,833within the sector's middle half▲ 37.0%€304,310above the sector's middle half▲ 26.4%€396,872above the sector's middle half▲ 30.4%
Total assets€148,620within the sector's middle half▲ 238%€197,827within the sector's middle half▲ 33.1%€264,705within the sector's middle half▲ 33.8%€359,728within the sector's middle half▲ 35.9%€419,665within the sector's middle half▲ 16.7%
Debt€46,651▲ 327%€22,038▼ 52.8%€23,872▲ 8.3%€55,418▲ 132%€22,793▼ 58.9%
Working capital€101,969▲ 209%€173,791▲ 70.4%€235,476▲ 35.5%€300,862▲ 27.8%€395,911▲ 31.6%
Solvency68.6%within the sector's middle half▼ 6.5pp88.9%above the sector's middle half▲ 20.2pp91.0%above the sector's middle half▲ 2.1pp84.6%above the sector's middle half▼ 6.4pp94.6%above the sector's middle half▲ 10.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €419,665
Fixed assets
€961 ▼ 76.3%
Current assets
€418,704 ▲ 17.7%
Equity and liabilities €419,665
Equity
€396,872 ▲ 30.4%
Debt
€22,793 ▼ 58.9%
Debt's share of the balance-sheet total falls from 15.4% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€116,924▼
2023 · €121,756
Cash flow
€99,503▲
2023 · €87,698
Current ratio
18.37▲
2023 · 6.49
Debt to equity
0.06▼
2023 · 0.18
ROE
24.3%▼
2023 · 27.8%
ROA
23.0%▼
2023 · 23.5%
Interest coverage
899.42▼
2023 · 1014.63
Debt ≤ 1 year
€22,793▼
2023 · €54,818
Income taxes
€27,228▼
2023 · €33,938
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €84 | €2,272 | €3,109 | €3,087 | ▼ 0.7% |
| Other operating charges640/8 | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €97,475 | €104,510 | €92,452 | €122,140 | €117,311 | ▼ 4.0% |
| Operating profit (loss)9901 | €97,475 | €104,078 | €89,832 | €118,647 | €113,837 | ▼ 4.1% |
| Financial income75/76B | - | - | - | - | €9,937 | - |
| Recurring financial income75 | €18 | - | - | - | €9,937 | - |
| Financial charges65/66B | - | €684 | €140 | €120 | €130 | ▲ 8.3% |
| Recurring financial charges65 | €948 | €684 | €140 | €120 | €130 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €96,545 | €103,394 | €89,692 | €118,527 | €123,644 | ▲ 4.3% |
| Income taxes67/77 | €27,602 | €29,573 | €24,648 | €33,938 | €27,228 | ▼ 19.8% |
| Profit (loss) for the period9904 | €68,942 | €73,821 | €65,044 | €84,589 | €96,416 | ▲ 14.0% |
| Profit (loss) for the period to be appropriated9905 | €68,942 | €73,821 | €65,044 | €84,589 | €96,416 | ▲ 14.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148,620 | €197,827 | €264,705 | €359,728 | €419,665 | ▲ 16.7% |
| Fixed assets21/28 | - | €1,998 | €5,507 | €4,048 | €961 | ▼ 76.3% |
| Tangible fixed assets22/27 | - | €1,998 | €5,507 | €4,048 | €961 | ▼ 76.3% |
| Plant, machinery and equipment23 | - | €1,998 | €1,304 | €610 | - | - |
| Furniture and vehicles24 | - | - | €4,203 | €3,438 | €961 | ▼ 72.0% |
| Current assets29/58 | €148,620 | €195,829 | €259,198 | €355,680 | €418,704 | ▲ 17.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €169,936 | - |
| Other amounts receivable291 | - | - | - | - | €169,936 | - |
| Amounts receivable within one year40/41 | €13,840 | €31,443 | €51,625 | €52,549 | €43,809 | ▼ 16.6% |
| Trade receivables40 | - | €31,443 | €42,273 | €43,197 | €41,037 | ▼ 5.0% |
| Other amounts receivable41 | - | - | €9,352 | €9,352 | €2,772 | ▼ 70.4% |
| Cash at bank and in hand54/58 | €134,626 | €164,209 | €206,212 | €301,665 | €203,561 | ▼ 32.5% |
| Deferred charges and accrued income490/1 | - | €177 | €1,361 | €1,466 | €1,398 | ▼ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148,620 | €197,827 | €264,705 | €359,728 | €419,665 | ▲ 16.7% |
| Equity10/15 | €101,969 | €175,789 | €240,833 | €304,310 | €396,872 | ▲ 30.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €95,769 | €169,589 | €234,633 | €298,110 | €390,672 | ▲ 31.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Other1319 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €167,729 | €232,773 | €296,250 | €388,812 | ▲ 31.2% |
| Amounts payable17/49 | €46,651 | €22,038 | €23,872 | €55,418 | €22,793 | ▼ 58.9% |
| Amounts payable within one year42/48 | €46,651 | €22,038 | €23,722 | €54,818 | €22,793 | ▼ 58.4% |
| Trade debts44 | €2 | €954 | €3,771 | €2,421 | €1,840 | ▼ 24.0% |
| Suppliers440/4 | - | €954 | €3,771 | €2,421 | €1,840 | ▼ 24.0% |
| Taxes, remuneration and social security45 | - | €13,235 | €15,605 | €15,852 | €10,573 | ▼ 33.3% |
| Taxes450/3 | - | €13,235 | €13,220 | €15,852 | €10,573 | ▼ 33.3% |
| Remuneration and social security454/9 | - | - | €2,385 | - | - | - |
| Other amounts payable47/48 | - | €7,849 | €4,346 | €36,545 | €10,380 | ▼ 71.6% |
| Accrued charges and deferred income492/3 | - | - | €150 | €600 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,942 | €73,821 | €65,044 | €84,589 | €96,416 | ▲ 14.0% |
| + Depreciation and write-downs630 | - | €84 | €2,272 | €3,109 | €3,087 | ▼ 0.7% |
| Operating cash flow (approximation) | €68,942 | €73,905 | €67,316 | €87,698 | €99,503 | ▲ 13.5% |
| Investment in fixed assets (approximation) | - | - | -€5,781 | -€1,650 | €0 | ▲ 100% |
| Change in cash | - | €29,583 | €42,003 | €95,453 | -€98,104 | ▼ 203% |
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
2026
24-03
State Gazette act
Appointment: Sandrine Trinh (director)Mandate compensation3 facts ▸
State Gazette act
Appointment: Sandrine Trinh (director)
Mandate compensation3 facts ▸
- General meeting, 22/01/2026
- Director appointment, Sandrine Trinh (director)
- Mandate compensation, Sandrine Trinh
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €96,416 ▲14%
Net result €96,416, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 18.37
Current ratio from 6.49 to 18.37; short-term debt falls from €54,818 to €22,793.
23-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Equity above €200,000Eq €240,833 ▲37%
5 profitable years in a row build equity to €240,833.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 8.89
Current ratio from 3.19 to 8.89; short-term debt falls from €46,651 to €22,038.
31-12
Financial
Equity above €150,000Eq €175,789 ▲72.4%
4 profitable years in a row build equity to €175,789.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100,000Eq €101,969 ▲209%
3 profitable years in a row build equity to €101,969.
Show earlier events
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Weakest financial yearnet €3,855 ▼83.2%
Net result drops to €3,855, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Sandrine Trinh
CurrentDirector · since 26-01-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have 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, Tervuren · 1 establishment unit since 2018
Ground area
502 m²
Building footprint
167 m²
Volume, LiDAR
1,075 m³
Parcel 24114B0171/00G000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KF PROJECT SOLUTIONS
since 20182.277.650.070
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114B0171/00G000 | Flanders | 502 m² | 1 · 167 m² | 10.0 m · 2 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Sandrine Trinh |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 36,456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699836588
Registered
23-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.