KFS GROUP
ActiveThe computed 12-month bankruptcy probability of KFS GROUP is 2.8% (moderate). The 2024 annual accounts show equity of €16k and a net result of €25k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 9982 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency15▼-27
Growth78▲+46
Stability94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.88 in 2023), and 92.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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
7.7%
Return on assets
12.1%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
27 d late
2022
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€16k
2023 · €-9k
2022: €11k
2023: €-9k
2022 → 2024
Total assets
€207k▲ 211%
2023 · €67k
2022: €40k
2023: €67k
2022 → 2024
Net result
€25k
2023 · €-20k
2022: €8k
2023: €-20k
2022 → 2024
Working capital
€-8k▲ 8.1%
2023 · €-9k
2022: €11k
2023: €-9k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€11k-€-9k€16k
Operating result€14k-€-12k€31k
Net result€8k-€-20k€25k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €31k after a loss of €12k in 2023, the highest year so far.
Balance-sheet composition
Assets €207k
Fixed assets
€26k
Current assets
€181k
Equity and liabilities €207k
Equity
€16k
Debt
€191k
Debt finances 92.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€34k
Cash flow
€28k
Solvency
7.7%▲
2023 · -13.8%
Current ratio
0.96▲
2023 · 0.88
Quick ratio
0.96▲
2023 · 0.88
Debt / equity
11.99▲
2023 · -8.25
ROE
157.7%▼
2023 · 214.7%
ROA
12.1%▲
2023 · -29.6%
Interest coverage
12.39
Debt
€191k▲
2023 · €76k
Debt ≤ 1 year
€189k▲
2023 · €76k
Income taxes
€3k
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€67k€207k▲
Fixed assets21/28-€26k
Tangible fixed assets22/27-€26k
Furniture and vehicles24-€26k
Current assets29/58€67k€181k▲
Amounts receivable within one year40/41€50k€164k▲
Trade receivables40€49k€159k▲
Other amounts receivable41€1k€5k▲
Cash at bank and in hand54/58€15k€17k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€67k€207k▲
Equity10/15€-9k€16k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-12k€13k▲
Amounts payable17/49€76k€191k▲
Amounts payable within one year42/48€76k€189k▲
Trade debts44€70k€180k▲
Suppliers440/4€70k€180k▲
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€3k€6k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€186€1k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Non-recurring operating income76A-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-9k€35k▲
Operating profit (loss)9901€-12k€31k▲
Financial income75/76B€0€5▲
Recurring financial income75€0€5▲
Financial charges65/66B€8k€3k▼
Recurring financial charges65€8k€3k▼
Profit (loss) for the period before taxes9903€-20k€28k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-20k€25k▲
Profit (loss) for the period to be appropriated9905€-20k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€13k▲
Profit (loss) brought forward from the previous period14P€8k€-12k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-20k ▼345%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
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, Braine-l'Alleud · 1 establishment unit since 2022
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.
Rue Saint-Saëns 91420 Braine-l'AlleudGround area
526 m²
Building footprint
125 m²
Volume, LiDAR
808 m³
2 parcels, Flanders, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KFS GROUP
since 20222.335.642.610
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004C0009/00N015 | Flanders | 281 m² | 1 · 50 m² | 8.6 m · 2 fl. |
| 25014N0171/00N000 | Wallonia | 245 m² | 1 · 75 m² | 8.1 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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Style Fast
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 10,740 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
43990Other specialised construction activities
43995Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.