KFK-Build
ActiveKFK-Build has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.01M and a net result of €56k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 32% of 7427 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability28▼-61
Solvency70=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 6.25 against 2.25 in 2023), but 69.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
30.3%
Return on assets
1.7%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
34 d early
2022
35 d early
2021
40 d early
2020
40 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.01M▲ 5.9%
2023 · €955k
2018: €228k
2019: €428k
2020: €440k
2021: €403k
2022: €786k
2023: €955k
2018 → 2024
Total assets
€3.34M▲ 6.2%
2023 · €3.14M
2018: €450k
2019: €849k
2020: €923k
2021: €3.22M
2022: €3.14M
2023: €3.14M
2018 → 2024
Net result
€56k▼ 66.7%
2023 · €169k
2018: €78k
2019: €-10k
2020: €12k
2021: €-37k
2022: €383k
2023: €169k
2018 → 2024
Working capital
€2.79M▲ 60.8%
2023 · €1.74M
2018: €228k
2019: €424k
2020: €437k
2021: €487k
2022: €873k
2023: €1.74M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€440k-€403k▼ 8.4%€786k▲ 95.2%€955k▲ 21.5%€1.01M▲ 5.9%
Operating result€11k-€-16k€534k€276k▼ 48.2%€112k▼ 59.3%
Net result€12k-€-37k€383k€169k▼ 55.9%€56k▼ 66.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.34M
Fixed assets
€13k=
Current assets
€3.33M▲ 6.2%
Equity and liabilities €3.34M
Equity
€1.01M▲ 5.9%
Debt
€2.33M▲ 6.3%
The debt ratio rises from 69.6% to 69.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€112k▼
2023 · €277k
Cash flow
€56k▼
2023 · €170k
Solvency
30.3%▼
2023 · 30.4%
Current ratio
6.25▲
2023 · 2.25
Quick ratio
3.58▲
2023 · 0.49
Debt / equity
2.30▲
2023 · 2.29
ROE
5.6%▼
2023 · 17.7%
ROA
1.7%▼
2023 · 5.4%
Interest coverage
1.29▼
2023 · 3.82
Debt
€2.33M▲
2023 · €2.19M
Debt ≤ 1 year
€532k▼
2023 · €1.39M
Debt > 1 year
€1.80M▲
2023 · €795k
Income taxes
€-13k▼
2023 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.14M€3.34M▲
Fixed assets21/28€13k€13k=
Intangible fixed assets21€0-
Financial fixed assets28€13k€13k=
Current assets29/58€3.13M€3.33M▲
Stocks and contracts in progress3€2.45M€1.42M▼
Stocks30/36€2.45M€1.42M▼
Amounts receivable within one year40/41€20k€49k▲
Trade receivables40€440€10k▲
Other amounts receivable41€20k€39k▲
Current investments50/53-€200k
Cash at bank and in hand54/58€664k€1.65M▲
Equity and liabilities
Total equity and liabilities10/49€3.14M€3.34M▲
Equity10/15€955k€1.01M▲
Contributions10/11€360k€360k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€591k€648k▲
Amounts payable17/49€2.19M€2.33M▲
Amounts payable after more than one year17€795k€1.80M▲
Other amounts payable178/9€795k€1.80M▲
Amounts payable within one year42/48€1.39M€532k▼
Financial debts43€0-
Other loans439€0-
Trade debts44€6k€62▼
Suppliers440/4€6k€62▼
Advances received on contracts in progress46€1.28M€460k▼
Taxes, remuneration and social security45€67k€992▼
Taxes450/3€67k€992▼
Other amounts payable47/48€44k€71k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€880€0▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€278k€114k▼
Operating profit (loss)9901€276k€112k▼
Financial income75/76B€22k€19k▼
Recurring financial income75€22k€19k▼
Financial charges65/66B€72k€87k▲
Recurring financial charges65€72k€87k▲
Profit (loss) for the period before taxes9903€226k€43k▼
Income taxes67/77€56k€-13k▼
Profit (loss) for the period9904€169k€56k▼
Profit (loss) for the period to be appropriated9905€169k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€591k€648k▲
Profit (loss) brought forward from the previous period14P€422k€591k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-03
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 16/02/2026
- Registered-office move, 9170 Meerdonk, gemeente Sint-Gillis-Waas, Margrietstraat 127
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 6.25
Current ratio from 2.25 to 6.25; short-term debt falls from €1.39M to €532k.
31-12
Financial
Equity above €1MEq €1.01M ▲5.9%
3 profitable years in a row build equity to €1.01M.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €383k
Net result €383k after one loss-making year.
31-12
Financial
Equity above €500kEq €786k ▲95.2%
Equity rises from €403k to €786k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-37k ▼415%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 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.
Margrietstraat(MD) 1279170 Sint-Gillis-WaasGround area
5,693 m²
Building footprint
313 m²
Volume, LiDAR
1,597 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KFK-Build
since 20172.267.527.131
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46015A0060/00M000 | Flanders | 3,536 m² | 1 · 112 m² | 9.0 m · 2 fl. |
| 46015B0411/00D000 | Flanders | 2,157 m² | 1 · 200 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,434 companies in sector 43990 we hold annual accounts for 7,355. 3,209 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-2017
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
68122Development of non-residential building projects
43995Specialised construction activities
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.