KH Homes
ActiveSummary
KH Homes has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,961) and a net result of -€7,419. Equity is shrinking by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
What stands out
Overview
Accounts filed 31 d late0 of 1 deed readTurnover not published (abridged schema)
Why 34- Limited track record- Annual accounts: weaker financial profile- Negative equity+ Lower-failure-rate sectorFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-5
Solvency22▼-4
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 1.01 in 2024; short-term debt: 103% and cash: 3.6% of total assets), and equity is negative.
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Signals
Five 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-3%
Return on assets
-4.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€4,961
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d early
2023
31 d late
2022
29 d early
2021
2 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€7,419
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €167,826Loss -€7,419Solvency -3.0%Liquidity 0.97
Total assets
€167,826▼ 0.1%
2019 - 2025
Net result
-€7,419▼ 69.4%
2019 - 2025
Equity
-€4,961
2019 - 2025
Solvency
-3.0%▼ 4.4pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,708-€1,820▼ 6.5%-€1,877▼ 3.1%-€2,185▼ 16.4%-€3,109▼ 42.3%
Net result-€1,915within the sector's middle half-€1,976within the sector's middle half▼ 3.2%-€2,046within the sector's middle half▼ 3.5%-€4,379within the sector's middle half▼ 114%-€7,419within the sector's middle half▼ 69.4%
Equity€10,859below the sector's middle half▼ 15.0%€8,882below the sector's middle half▼ 18.2%€6,837below the sector's middle half▼ 23.0%€2,458below the sector's middle half▼ 64.0%-€4,961below the sector's middle half
Total assets€14,835below the sector's middle half▼ 46.1%€11,007below the sector's middle half▼ 25.8%€9,012below the sector's middle half▼ 18.1%€167,981within the sector's middle half▲ 1,764%€167,826within the sector's middle half▼ 0.1%
Debt€3,976▼ 73.0%€2,125▼ 46.6%€2,176▲ 2.4%€165,523▲ 7,508%€172,787▲ 4.4%
Working capital€10,859within the sector's middle half▼ 15.0%€8,882within the sector's middle half▼ 18.2%€6,837within the sector's middle half▼ 23.0%€2,458within the sector's middle half▼ 64.0%-€5,211within the sector's middle half
Solvency73.2%above the sector's middle half▲ 26.8pp80.7%above the sector's middle half▲ 7.5pp75.9%above the sector's middle half▼ 4.8pp1.5%below the sector's middle half▼ 74.4pp-3.0%below the sector's middle half▼ 4.4pp
Current ratio3.73above the sector's middle half▲ 1.865.18above the sector's middle half▲ 1.454.14above the sector's middle half▼ 1.041.01within the sector's middle half▼ 3.130.97within the sector's middle half▼ 0.05
Return on assets (ROA)-12.9%below the sector's middle half▼ 64.3pp-18.0%below the sector's middle half▼ 5.0pp-22.7%below the sector's middle half▼ 4.7pp-2.6%within the sector's middle half▲ 20.1pp-4.4%below the sector's middle half▼ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,109 in 2025 against €2,185 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
Assets €167,826
Fixed assets
€250
Current assets
€167,576
Equity and liabilities
Equity-€4,961
Debt€172,787
Equity is negative: debt (€172,787) exceeds the balance-sheet total (€167,826).
Key figures and ratios
Key figures and ratios
Quick ratio
0.04▼
2024 · 0.04
Debt ≤ 1 year
€172,787▲
2024 · €165,523
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,564 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,008 | €769 | €813 | €858 | €955 | ▲ 11.3% |
| Gross operating margin9900 | -€700 | -€1,051 | -€1,064 | -€1,327 | -€2,154 | ▼ 62.4% |
| Operating profit (loss)9901 | -€1,708 | -€1,820 | -€1,877 | -€2,185 | -€3,109 | ▼ 42.3% |
| Financial charges65/66B | €207 | €157 | €169 | €2,194 | €4,310 | ▲ 96.4% |
| Recurring financial charges65 | €207 | €157 | €169 | €2,194 | €4,310 | ▲ 96.4% |
| Profit (loss) for the period before taxes9903 | -€1,915 | -€1,976 | -€2,046 | -€4,379 | -€7,419 | ▼ 69.4% |
| Profit (loss) for the period9904 | -€1,915 | -€1,976 | -€2,046 | -€4,379 | -€7,419 | ▼ 69.4% |
| Profit (loss) for the period to be appropriated9905 | -€1,915 | -€1,976 | -€2,046 | -€4,379 | -€7,419 | ▼ 69.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,835 | €11,007 | €9,012 | €167,981 | €167,826 | ▼ 0.1% |
| Fixed assets21/28 | - | - | - | - | €250 | - |
| Financial fixed assets28 | - | - | - | - | €250 | - |
| Current assets29/58 | €14,835 | €11,007 | €9,012 | €167,981 | €167,576 | ▼ 0.2% |
| Stocks and contracts in progress3 | - | - | - | €160,615 | €161,151 | ▲ 0.3% |
| Stocks30/36 | - | - | - | €160,615 | €161,151 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €314 | €497 | €214 | €57 | €58 | ▲ 1.4% |
| Other amounts receivable41 | €314 | €497 | €214 | €57 | €58 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €14,377 | €10,510 | €8,798 | €7,151 | €6,051 | ▼ 15.4% |
| Deferred charges and accrued income490/1 | €144 | - | - | €158 | €316 | ▲ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,835 | €11,007 | €9,012 | €167,981 | €167,826 | ▼ 0.1% |
| Equity10/15 | €10,859 | €8,882 | €6,837 | €2,458 | -€4,961 | ▼ 302% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €8,359 | €6,382 | €4,337 | - | - | - |
| Distributable reserves133 | €8,359 | €6,382 | €4,337 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | -€42 | -€7,461 | ▼ 17,647% |
| Amounts payable17/49 | €3,976 | €2,125 | €2,176 | €165,523 | €172,787 | ▲ 4.4% |
| Amounts payable within one year42/48 | €3,976 | €2,125 | €2,176 | €165,523 | €172,787 | ▲ 4.4% |
| Trade debts44 | €303 | €360 | €366 | €303 | €303 | = |
| Suppliers440/4 | €303 | €360 | €366 | €303 | €303 | = |
| Taxes, remuneration and social security45 | €2,593 | - | - | - | - | - |
| Taxes450/3 | €2,593 | - | - | - | - | - |
| Other amounts payable47/48 | €1,080 | €1,765 | €1,809 | €165,221 | €172,484 | ▲ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,915 | -€1,976 | -€2,046 | -€4,379 | -€7,419 | ▼ 69.4% |
| Operating cash flow (approximation) | -€1,915 | -€1,976 | -€2,046 | -€4,379 | -€7,419 | ▼ 69.4% |
| Change in cash | - | -€3,867 | -€1,711 | -€1,647 | -€1,100 | ▲ 33.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
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BE 1015.527.939
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ARPINVEST
BE 1016.093.212
Antwerpen
Belant-Project
BE 0427.945.390
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BLD
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,321 companies in this sector we hold annual accounts for 5,390. See the whole sector
Timeline
9 eventsLatest 31-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€7,419
Net result drops to -€7,419, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €14,151
Net result €14,151 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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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Company details
Private limited company · founded 24-06-2019Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded24-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728816527
Also
9925:BE0728816527
Registered
30-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2019
Ground area
717 m²
Building footprint
130 m²
Volume, LiDAR
835 m³
Parcel 11051C0117/00X003, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KH Homes
since 2019unit no. 2.290.523.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051C0117/00X003 | Flanders | 717 m² | 1 · 130 m² | 11.4 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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