KH20
ActiveSummary
KH20 has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,123 and a net result of €60,623. Its solvency ranks better than 43% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes
Profitability95
Solvency47
Growth-
Track record67
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.67; short-term debt: 45.6% and cash: 21.7% of total assets), and 78.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 →
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
21.7%
Return on assets
20.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€63,123
Total assets
€291,466
Net result
€60,623
Working capital
-€44,373
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €291,466
Fixed assets
€202,930
Current assets
€88,536
Equity and liabilities €291,466
Equity
€63,123
Debt
€228,343
Debt finances 78.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€136,901
Cash flow
€110,861
Current ratio
0.67
Debt to equity
3.62
ROE
96.0%
ROA
20.8%
Interest coverage
42.67
Debt ≤ 1 year
€132,909
Debt > 1 year
€95,434
Income taxes
€22,832
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,238 |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,311 |
| Other operating charges640/8 | €443 |
| Non-recurring operating charges66A | €177 |
| Gross operating margin9900 | €138,832 |
| Operating profit (loss)9901 | €86,663 |
| Financial charges65/66B | €3,208 |
| Recurring financial charges65 | €3,208 |
| Profit (loss) for the period before taxes9903 | €83,455 |
| Income taxes67/77 | €22,832 |
| Profit (loss) for the period9904 | €60,623 |
| Profit (loss) for the period to be appropriated9905 | €60,623 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €291,466 | |
| Fixed assets21/28 | €202,930 | |
| Intangible fixed assets21 | €150,492 | |
| Tangible fixed assets22/27 | €52,438 | |
| Furniture and vehicles24 | €52,438 | |
| Current assets29/58 | €88,536 | |
| Amounts receivable within one year40/41 | €24,205 | |
| Trade receivables40 | €24,200 | |
| Other amounts receivable41 | €5 | |
| Cash at bank and in hand54/58 | €63,118 | |
| Deferred charges and accrued income490/1 | €1,213 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €291,466 | |
| Equity10/15 | €63,123 | |
| Contributions10/11 | €2,500 | |
| Reserves13 | €60,623 | |
| Distributable reserves133 | €60,623 | |
| Amounts payable17/49 | €228,343 | |
| Amounts payable after more than one year17 | €95,434 | |
| Financial debts170/4 | €95,434 | |
| Amounts payable within one year42/48 | €132,909 | |
| Current portion of amounts payable after more than one year42 | €26,408 | |
| Trade debts44 | €305 | |
| Suppliers440/4 | €305 | |
| Taxes, remuneration and social security45 | €28,707 | |
| Taxes450/3 | €28,707 | |
| Other amounts payable47/48 | €77,489 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €60,623 |
| + Depreciation and write-downs630 | €50,238 |
| Operating cash flow (approximation) | €110,861 |
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
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Sint-Martens-Latem · 1 establishment unit since 2023
Ground area
562 m²
Building footprint
305 m²
Volume, LiDAR
1,480 m³
Parcel 44015B0600/00K000, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KH20
since 20232.352.028.383
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015B0600/00K000 | Flanders | 562 m² | 1 · 305 m² | 9.9 m · 1 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.
Similar companies · same sector, comparable size
JP REAL ESTATE
BE 0680.859.925
Aarschot · Eq €63,158
VIVENDI VASTGOED TURNHOUT
BE 0631.782.279
Turnhout · Eq €63,066
Commercial Assist
BE 0537.764.238
Brugge · Eq €63,025
ISTOR
BE 0730.576.878
Brussel · Eq €63,229
CLSSN
BE 0770.337.574
Antwerpen · Eq €63,009
Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 5,012 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
Founded09-11-2023
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
41003General construction of other non-residential buildings
64210Activities of holding companies
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
82990Other business support services
Contact
E-mail
laurens.bruteyn@gmail.com
Phone
0491232445
Scores and ratios are computed by Checked and are not a credit decision.