KG - IT
ActiveSummary
KG - IT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23,195 and a net result of €60,018. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+38
Solvency34▲+24
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.77 in 2023; short-term debt: 62% and cash: 9.8% of total assets), and 91% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
9%
Return on assets
23.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 20786 sector peers (2024).
NBB · sector comparisonPosition among 20786 sector peers
Solvency
better than 12%
← weakest
strongest →
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
30 d early
2022
26 d early
2021
33 d early
2020
22 d early
2019
32 d early
← 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 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#7 oldest company in Heist-op-den-Berg, Telecoms and IT sector
Equity
€23,195
2023 · -€36,823
Total assets
€258,419▲ 3.7%
2023 · €249,228
Net result
€60,018▲ 455%
2023 · €10,808
Working capital
-€39,622▲ 12.1%
2023 · -€45,098
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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€54,557€12,126▼ 77.8%€15,327▲ 26.4%€64,672▲ 322%€119,126▲ 84.2%
Net result€38,616within the sector's middle half-€31,611below the sector's middle half-€31,178below the sector's middle half▲ 1.4%€10,808within the sector's middle half€60,018above the sector's middle half▲ 455%
Equity€15,159below the sector's middle half-€16,453below the sector's middle half-€47,631below the sector's middle half▼ 190%-€36,823below the sector's middle half▲ 22.7%€23,195below the sector's middle half
Total assets€237,871within the sector's middle half▲ 47.2%€175,628within the sector's middle half▼ 26.2%€233,262within the sector's middle half▲ 32.8%€249,228within the sector's middle half▲ 6.8%€258,419within the sector's middle half▲ 3.7%
Debt€222,713▲ 20.4%€192,080▼ 13.8%€280,893▲ 46.2%€286,051▲ 1.8%€235,224▼ 17.8%
Working capital-€11,197below the sector's middle half▲ 81.9%-€46,498below the sector's middle half▼ 315%-€50,461below the sector's middle half▼ 8.5%-€45,098below the sector's middle half▲ 10.6%-€39,622below the sector's middle half▲ 12.1%
Solvency6.4%below the sector's middle half▲ 20.9pp-9.4%below the sector's middle half▼ 15.7pp-20.4%below the sector's middle half▼ 11.1pp-14.8%below the sector's middle half▲ 5.6pp9.0%below the sector's middle half▲ 23.8pp
Current ratio0.92below the sector's middle half▲ 0.340.67below the sector's middle half▼ 0.250.71below the sector's middle half▲ 0.040.77below the sector's middle half▲ 0.060.75below the sector's middle half▼ 0.02
Return on assets (ROA)16.2%within the sector's middle half▲ 49.1pp-18.0%below the sector's middle half▼ 34.2pp-13.4%below the sector's middle half▲ 4.6pp4.3%within the sector's middle half▲ 17.7pp23.2%within the sector's middle half▲ 18.9pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 84% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €258,419
Fixed assets
€137,862 ▲ 38.6%
Current assets
€120,557 ▼ 19.5%
Equity and liabilities €258,419
Equity
€23,195
Debt
€235,224
Debt finances 91.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€141,079▲
2023 · €83,706
Cash flow
€81,970▲
2023 · €29,842
Quick ratio
0.50▼
2023 · 0.56
Debt to equity
10.14▲
2023 · -7.77
ROE
258.8%
Interest coverage
3.69▲
2023 · 1.98
Debt ≤ 1 year
€160,179▼
2023 · €194,828
Debt > 1 year
€75,000▼
2023 · €91,222
Income taxes
€20,848▲
2023 · €11,515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.6% 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 928 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,927 | €3,549 | €2,892 | €37,190 | ▲ 1,186% |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,953 | €31,049 | €15,494 | €19,034 | €21,952 | ▲ 15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €598 | -€598 | €0 | - | - |
| Other operating charges640/8 | - | €1,605 | €3,320 | €3,865 | €2,659 | ▼ 31.2% |
| Gross operating margin9900 | €75,895 | €45,378 | €33,543 | €87,570 | €143,738 | ▲ 64.1% |
| Operating profit (loss)9901 | €54,557 | €12,126 | €15,327 | €64,672 | €119,126 | ▲ 84.2% |
| Financial income75/76B | - | - | - | €3 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €3 | €0 | ▼ 100% |
| Financial charges65/66B | - | €42,707 | €46,486 | €42,352 | €38,260 | ▼ 9.7% |
| Recurring financial charges65 | €1,877 | €42,707 | €46,486 | €42,352 | €38,260 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | €52,680 | -€30,580 | -€31,159 | €22,323 | €80,866 | ▲ 262% |
| Income taxes67/77 | €14,065 | €1,031 | €19 | €11,515 | €20,848 | ▲ 81.1% |
| Profit (loss) for the period9904 | €38,616 | -€31,611 | -€31,178 | €10,808 | €60,018 | ▲ 455% |
| Transfer from tax-exempt reserves789 | - | €4,900 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €38,616 | -€26,711 | -€31,178 | €10,808 | €60,018 | ▲ 455% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €237,871 | €175,628 | €233,262 | €249,228 | €258,419 | ▲ 3.7% |
| Fixed assets21/28 | €107,016 | €81,769 | €109,958 | €99,498 | €137,862 | ▲ 38.6% |
| Tangible fixed assets22/27 | €106,216 | €80,969 | €109,158 | €98,698 | €137,062 | ▲ 38.9% |
| Plant, machinery and equipment23 | - | €891 | €1,836 | €1,271 | €2,000 | ▲ 57.3% |
| Furniture and vehicles24 | - | €78,277 | €104,769 | €89,021 | €126,508 | ▲ 42.1% |
| Other tangible fixed assets26 | - | €1,801 | €2,553 | €8,406 | €8,554 | ▲ 1.8% |
| Financial fixed assets28 | €800 | €800 | €800 | €800 | €800 | = |
| Current assets29/58 | €130,855 | €93,859 | €123,304 | €149,730 | €120,557 | ▼ 19.5% |
| Stocks and contracts in progress3 | €39,735 | €39,735 | €39,735 | €39,735 | €39,735 | = |
| Stocks30/36 | - | €39,735 | €39,735 | €39,735 | €39,735 | = |
| Amounts receivable within one year40/41 | €28,709 | €35,958 | €61,719 | €46,794 | €53,675 | ▲ 14.7% |
| Trade receivables40 | - | €31,989 | €54,665 | €40,809 | €53,023 | ▲ 29.9% |
| Other amounts receivable41 | - | €3,969 | €7,055 | €5,985 | €652 | ▼ 89.1% |
| Cash at bank and in hand54/58 | €30,789 | €16,169 | €20,087 | €61,286 | €25,398 | ▼ 58.6% |
| Deferred charges and accrued income490/1 | - | €1,997 | €1,763 | €1,915 | €1,750 | ▼ 8.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €237,871 | €175,628 | €233,262 | €249,228 | €258,419 | ▲ 3.7% |
| Equity10/15 | €15,159 | -€16,453 | -€47,631 | -€36,823 | €23,195 | ▲ 163% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €17,173 | €12,273 | €10,600 | €10,600 | €10,795 | ▲ 1.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €10,413 | €8,740 | €8,740 | €8,935 | ▲ 2.2% |
| Profit (loss) carried forward14 | -€14,415 | -€41,126 | -€70,631 | -€59,823 | €0 | ▲ 100% |
| Amounts payable17/49 | €222,713 | €192,080 | €280,893 | €286,051 | €235,224 | ▼ 17.8% |
| Amounts payable after more than one year17 | €80,660 | €51,724 | €107,127 | €91,222 | €75,000 | ▼ 17.8% |
| Financial debts170/4 | - | €51,724 | €107,127 | €91,222 | €75,000 | ▼ 17.8% |
| Amounts payable within one year42/48 | €142,053 | €140,357 | €173,765 | €194,828 | €160,179 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | - | €30,640 | €21,295 | €17,622 | €21,101 | ▲ 19.7% |
| Trade debts44 | €22,447 | €33,063 | €25,706 | €31,516 | €26,292 | ▼ 16.6% |
| Suppliers440/4 | - | €33,063 | €25,706 | €31,516 | €26,292 | ▼ 16.6% |
| Taxes, remuneration and social security45 | - | €1,990 | - | €7,167 | €2,210 | ▼ 69.2% |
| Taxes450/3 | - | €1,990 | - | €7,167 | €2,210 | ▼ 69.2% |
| Other amounts payable47/48 | - | €74,663 | €126,764 | €138,524 | €110,575 | ▼ 20.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €45 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,616 | -€31,611 | -€31,178 | €10,808 | €60,018 | ▲ 455% |
| + Depreciation and write-downs630 | €15,953 | €31,049 | €15,494 | €19,034 | €21,952 | ▲ 15.3% |
| Operating cash flow (approximation) | €54,568 | -€563 | -€15,685 | €29,842 | €81,970 | ▲ 175% |
| Investment in fixed assets (approximation) | - | -€5,801 | -€43,683 | -€8,574 | -€60,317 | ▼ 603% |
| Change in cash | - | -€14,620 | €3,918 | €41,199 | -€35,888 | ▼ 187% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €60,018 ▲455%
Operating result €119,126, net result €60,018, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10,808
Net result €10,808 after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €38,616
Net result €38,616 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€53,030
Net result drops to -€53,030, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Heist-op-den-Berg · 1 establishment unit since 2003
Ground area
1,945 m²
Building footprint
267 m²
Volume, LiDAR
1,319 m³
Parcel 12322G0624/00V000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Plasstraatje 5, 2220 Heist-op-den-Berg
since 20032.127.048.761
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322G0624/00V000 | Flanders | 1,945 m² | 1 · 267 m² | 8.3 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.
Recognitions · licences · registrations
Legal Entity Identifier
2549008ESTQ58OCY4T40
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,029 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
Founded08-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474293574
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.