Turnover
≈ €1.0m estimated
The accounts state no turnover.
KGSA
Lifetime
2 annual accounts with figures on one time axispeak €703,098 (2024)
€532,202▼ 24.3%
peak €21,405 (2024)
€19,912▼ 7.0%
peak €123,060 (2025)
€123,060▲ 18.5%
€927,603▲ 24.2%
peak 8.4 FTE (2024)
8.2 FTE▼ 2.4%
Board2 names since 2022
2 directors and 1 other
Documentsfilings and deeds
19-01-202612 days before the deadline
2025financial year
Gross margin from €703,098 to €532,202Registered office moved from Malmedy to Waimes 06-06Equity from €103,845 to €123,060Debts from €747,009 to €927,603
Key points
from the 2025 annual accountsDebts
€927,603 88% of the balance sheet
Financial debts 46%Suppliers 35%Taxes and wages 6%Other 14%
€432,032 of the debts are secured on the company's own assets. In 2024 that was €475,370.
Investments
€524,848 4.6 × depreciation
Green is investment, beige is depreciation.
Staff
8 employees on 30-06-2025
In 2025, 4 people joined and 5 left.
Starting capital
€80,000 800 shares
Position in the sector
11.7%
Lower solvency than 81% of companies in building services and landscaping. Sector median 37.9% · 293 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,545 companies had the same profile as KGSA has now. Each dot stands for 7 companies, two years later.
94.8%
were still trading
1.3%
stopped another way
3.5%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,545 companies, not a prediction for KGSA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Daily manager,
Director
- founderdeed of 15-12-2022
- founderdeed of 15-12-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0794740497
Registered office moved from Malmedy to Waimes
New registered office: Rue Saint-Donat 11 à 4950 WAIMES · Previous registered office: Rue du Commerce 17, 4960 MALMEDY · Board meeting of 18-04-2025 · Gazette deed
Incorporation
Founding capital of €80,000, 800 shares · Founders: (comparant) and (comparant) · Appointments: (director) and (director) · published on 15-12-2022 · Gazette deed
First establishment
Rue Manguê,Ondenval 2A, Waimes
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KGSA Waimes | €1.1m | €532,202 | 11.7% | 8.2 |
| REFERENCE EXTERIEUR Verlaine | €0.8m | €549,428 | 21.0% | 8 |
| ETIENNE MICHIEL Ranst | €0.8m | €659,529 | 39.0% | 9.4 |
| Group Mike Zaventem | €1.0m | €664,512 | 32.5% | 9.3 |
| ROGER ALT GARTENGESTALTUNG Raeren | €1.1m | €779,789 | 38.9% | 10.7 |
| Tuinen MD Deerlijk | €1.2m | €481,780 | 10.9% | 5.6 |
| Tuinen De Vos Herzele | €1.0m | €468,627 | 17.5% | 5.8 |
These companies have the same main activity as KGSA: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €824,000 and €1.2m, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 13-12-2022Normal situation
- Activity
- Landscape service activitiesNACE 81300and 4 others
- Joint committees
- 121Cleaning
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2025
- Establishment unit
- 2.339.118.7724950 Waimes, since 13-12-2022
- Financial year end
- 30 June
- Peppol
- Reachable since 03-11-2025
Annual accounts to 30-06-2025
- €1.1m▲ 23.5%
- Employeeson 30-06-2025
- 8▼ 11.1%
- Filing
- Filed on 19-01-2026, 12 days before the end of the filing period
Insights on KGSA
The 2025 annual accounts show equity of €123,060 and a net result of €19,912. Its solvency ranks better than 19% of 293 sector peers (NACE 81, financial year 2025).
The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KGSA
- What is the company number of KGSA?
- The company number of KGSA is 0794.740.497. The VAT number is the same number with BE in front: BE 0794.740.497.
- Where is KGSA based?
- The registered office is at Rue Saint-Donat,Ondenval 11, 4950 Waimes.Company details
- What does KGSA do?
- According to the KBO register, the main activity is landscape service activities (NACE 81300).
- What is the legal form of KGSA?
- KGSA is a private limited company (BV).
- When was KGSA founded?
- KGSA was founded on 13-12-2022.
- Is KGSA still active?
- Yes, KGSA is an active enterprise in the KBO register.
- How many employees does KGSA have?
- KGSA had an average of 8.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KGSA fall under?
- In its 30-06-2025 annual accounts, KGSA states joint committees 121 (Cleaning) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of KGSA?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €532,202 and 51 comparable companies (NACE 81). It probably lies between €720,000 and €1.6m.
- Is KGSA profitable?
- In financial year 2025, KGSA made a profit of €19,912.
- Where can I find the annual accounts of KGSA?
- KGSA filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KGSA due?
- KGSA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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