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Complete company report
Generated 12-08-2026
Active BE 0803.783.669Private limited company

KH ENERGY

Rue Léopold De Hulster(SS) 39 ·5002 Namur, Belgium· 3 yrs active
Sector: Overige bouwinstallatie (43240)
Conclusion Checked

The computed 12-month bankruptcy probability of KH ENERGY is 2.8% (moderate). The 2025 annual accounts show equity of €22k and a net result of €15k. Its solvency ranks better than 30% of 2873 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €22k
Net result €15k
Better than sector 30%
Active 3 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health86Profitability100Solvency42Growth78Stability94
80 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86
Profitability 100
Solvency 42
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.8% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
86 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · micro
€0€5k€10k€15k€20kOperating result 2024: €5k€5kNet result 2024: €4k€4kOperating result 2025: €19k€19kNet result 2025: €15k€15k20242025
Operating resultNet result
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 25.0% 43.4%
better than 30% of 2873 sector peers
Net result €15k €13k
better than 52% of 2872 sector peers
Equity €22k €44k
better than 30% of 2873 sector peers
Gross operating margin €27k €39k
better than 38% of 2870 sector peers
Total assets €87k €115k
better than 39% of 2873 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€26k
+82.1% 24-25
Net profit
€15k
+256.7% 24-25
Cash flow
€21k
+66.9% 24-25
Total assets
€87k
+150.0% 24-25
Equity
€22k
+206.0% 24-25
Working capital
€15k
- 24-25
Staff costs
€165
- 24-25
Income taxes
€4k
+269.0% 24-25
Debt
€65k
+135.6% 24-25
Debt ≤ 1y
€65k
+135.6% 24-25
Current ratio
1.23
+44.4% 24-25
Quick ratio
1.23
+44.4% 24-25
Solvency
25.0%
+22.4% 24-25
Debt / equity
3.00
-23.0% 24-25
ROE
67.3%
+16.6% 24-25
ROA
16.8%
+42.7% 24-25
Interest coverage
56.81
-16.3% 24-25
Figures by fiscal year
Fiscal year2025
Depositmicro
Revenue-
EBITDA€26k
Net profit€15k
Cash flow€21k
Staff costs-
Income taxes€4k
Dividends-
Total assets€87k
Equity€22k
Debt€65k
of which ≤ 1y€65k
of which > 1y-
Working capital€15k
Employees (FTE)-
Ratios (computed)
2025
Current ratio1.23
Quick ratio1.23
Working capital ratio17.0%
Solvency25.0%
Debt / equity3.00
Long-term debt ratio-
Interest coverage56.81
Gross margin-
Net margin-
ROA16.8%
ROE67.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€87k
Fixed assets 21/28€7k
Tangible fixed assets 22/27€7k
Current assets 29/58€80k
Amounts receivable within one year 40/41€59k
Cash & bank 54/58€19k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€87k
Equity 10/15€22k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€19k
Amounts payable 17/49€65k
Amounts payable within one year 42/48€65k
Trade debts payable within one year 44€56k
Income statement
Gross operating margin 9900€27k
Operating result 9901€19k
Financial charges 65€449
Result before taxes 9903€18k
Income taxes 67/77€4k
Net result for the period 9904€15k
Result to be appropriated 9905€15k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Former directors (2)
  • Khadzhaev Turko
    Director (executive)
    State Gazette act 25064239 (20-05-2025)
    Former
    - → 31-12-2024
  • Khadzhaev Ayub
    Director (executive)
    State Gazette act 24068559 (30-04-2024)
    Former
    - → 31-03-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Overige bouwinstallatie(43240)
Legal form Private limited company(610)
Incorporation10-07-2023
StatusActive
Postal code5002
Establishment units 1 location
KH ENERGY
Rue Léopold De Hulster(SS) 39, 5002 NamurBouwrijp maken van terreinen
since 20232.351.450.343
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92108B0374/00S005 Wallonia 284 m² 1 · 59 m² 11.5 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
08-06-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
09-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
20-05-2025
State Gazette act Director changes
2024
30-04-2024
State Gazette act Director changes
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 1 year ago
2025
20-05-2025 Khadzhaev Turko resigns as director (executive) Director changes
  • Khadzhaev Turko, Directeur
Technical details 
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        "address": null,
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": "2024-12-31",
      "evidence_quote": "L\u0027assembl\u00E9e accepte \u00E0 l\u0027unanimit\u00E9 la d\u0117mission avec effet au 31/12/2024, \u00E0 savoir:\n- Khadzhaev Turko, NN: 95.05.28-351.63.",
      "decharge_status": null,
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    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2025-05-20",
    "filing_date": "2025-05-02",
    "act_kind_objet": "D\u00E9mission"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-05-11",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
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    "name_full": "KH ENERGY",
    "legal_form": "SRL"
  },
  "publication_proxy": {
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    "org_name": null,
    "person_name": "Khadzhaev Adlan",
    "org_rep_person_name": null,
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2024
30-04-2024 Khadzhaev Ayub resigns as director (executive) Director changes
  • Khadzhaev Ayub, Directeur
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "directeur",
      "person": {
        "rrn": "91.05.01-429.32",
        "name": "Khadzhaev Ayub",
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
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      "compensated": null,
      "effective_date": "2024-03-31",
      "evidence_quote": "L\u0027assembl\u00E9e accepte \u00E0 l\u0027unanimit\u00E9 la d\u00E9mission avec effet au 31/03/2024, \u00E0 savoir :\n- Khadzhaev Ayub, NN: 91.05.01-429.32.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": null,
    "act_kind_objet": "D\u00E9mission"
  },
  "decisions": [],
  "is_correction": false,
  "subject_company": {
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    "legal_form": "SRL"
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  "publication_proxy": {
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    "org_name": null,
    "person_name": "Khadzhaev Adlan",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Installatie van isolatie43230Isolatiewerkzaamheden43291Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100
Primary activity highlighted.
Names & trade names
Legal nameFR KH ENERGY
Registered office
Rue Léopold De Hulster(SS) 39
5002 Namur, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative