KG Concept
ActiveThe computed 12-month bankruptcy probability of KG Concept is 1.9% (moderate). The 2025 annual accounts show equity of €54k and a net result of €52k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 23% of 7330 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency28▲+6
Growth78=
Stability94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.07 in 2024), and 83% 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.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17%
Return on assets
16.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7330 sector peers (2025).
NBB · sector comparisonPosition among 7330 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
22 d early
2023
26 d early
2022
2 d late
2021
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▲ 99.2%
2024 · €27k
2021: €23k
2022: €61k
2023: €56k
2024: €27k
2021 → 2025
Total assets
€320k▲ 72.8%
2024 · €185k
2021: €92k
2022: €146k
2023: €150k
2024: €185k
2021 → 2025
Net result
€52k▲ 109%
2024 · €25k
2021: €21k
2022: €38k
2023: €-5k
2024: €25k
2021 → 2025
Working capital
€37k▲ 303%
2024 · €9k
2021: €9k
2022: €36k
2023: €26k
2024: €9k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€61k▲ 161%€56k▼ 7.7%€27k▼ 51.6%€54k▲ 99.2%
Operating result€25k-€49k▲ 91.7%€-3k€32k€73k▲ 130%
Net result€21k-€38k▲ 80.0%€-5k€25k€52k▲ 109%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 130% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320k
Fixed assets
€121k▲ 135%
Current assets
€198k▲ 48.8%
Equity and liabilities €320k
Equity
€54k▲ 99.2%
Debt
€265k▲ 68.2%
The debt ratio falls from 85.3% to 83.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€103k▲
2024 · €49k
Cash flow
€82k▲
2024 · €42k
Solvency
17.0%▲
2024 · 14.7%
Current ratio
1.23▲
2024 · 1.07
Quick ratio
1.20▲
2024 · 1.04
Debt / equity
4.88▼
2024 · 5.78
ROE
95.4%▲
2024 · 90.8%
ROA
16.2%▲
2024 · 13.4%
Interest coverage
19.08▼
2024 · 31.77
Debt
€265k▲
2024 · €158k
Debt ≤ 1 year
€161k▲
2024 · €124k
Debt > 1 year
€40k▲
2024 · €6k
Income taxes
€18k▲
2024 · €6k
Staff costs
€53k▲
2024 · €11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€185k€320k▲
Fixed assets21/28€52k€121k▲
Tangible fixed assets22/27€52k€121k▲
Plant, machinery and equipment23€13k€9k▼
Furniture and vehicles24€20k€55k▲
Leasing and similar rights25€17k€55k▲
Other tangible fixed assets26€2k€2k▼
Current assets29/58€133k€198k▲
Stocks and contracts in progress3€4k€4k▲
Stocks30/36€4k€4k▲
Amounts receivable within one year40/41€95k€69k▼
Trade receivables40€92k€53k▼
Other amounts receivable41€3k€16k▲
Cash at bank and in hand54/58€29k€79k▲
Deferred charges and accrued income490/1€6k€47k▲
Equity and liabilities
Total equity and liabilities10/49€185k€320k▲
Equity10/15€27k€54k▲
Contributions10/11€3k€3k=
Reserves13€25k€52k▲
Distributable reserves133€25k€52k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€158k€265k▲
Amounts payable after more than one year17€6k€40k▲
Financial debts170/4€6k€40k▲
Amounts payable within one year42/48€124k€161k▲
Current portion of amounts payable after more than one year42€7k€30k▲
Trade debts44€41k€19k▼
Suppliers440/4€41k€19k▼
Advances received on contracts in progress46-€745
Taxes, remuneration and social security45€11k€24k▲
Taxes450/3€10k€18k▲
Remuneration and social security454/9€977€5k▲
Other amounts payable47/48€66k€88k▲
Accrued charges and deferred income492/3€28k€65k▲
Income statement
Code20242025
Non-recurring operating income76A-€937
Remuneration, social security and pensions62€11k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€30k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€8k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€69k€165k▲
Operating profit (loss)9901€32k€73k▲
Financial income75/76B€229€2k▲
Recurring financial income75€229€2k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€30k€70k▲
Income taxes67/77€6k€18k▲
Profit (loss) for the period9904€25k€52k▲
Profit (loss) for the period to be appropriated9905€25k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€52k▲
Transfer from equity791/2€54k€25k▼
Transfer to equity691/2€25k€52k▲
To other reserves6921€25k€52k▲
Profit to be distributed694/7€54k€25k▼
Return on contributions (dividend)694€54k€25k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €52k ▲109%
Operating result €73k, net result €52k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k ▼112%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2021
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.
Tapstraat 283720 HasseltGround area
1,112 m²
Building footprint
400 m²
Volume, LiDAR
1,652 m³
Parcel 73040C0657/00A002, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KG Concept
since 20212.315.830.656
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73040C0657/00A002 | Flanders | 1,112 m² | 1 · 400 m² | 8.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 12,983 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.kgconcept.be
E-mail:info@kgconcept.be