KHALIGRO
ActiveSummary
KHALIGRO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €201k and a net result of €124k. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 1330 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+10
Solvency61▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity tight (current ratio 1.35 against 1.15 in 2023; short-term debt: 63.6% and cash: 2% of total assets), and 63.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-02-2026, 194 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
194 d late
2023
48 d late
2022
40 d early
2021
24 d early
2020
46 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€201k▲ 160%
2023 · €77k
Total assets
€552k▲ 143%
2023 · €227k
Net result
€124k▲ 264%
2023 · €34k
Working capital
€124k▲ 465%
2023 · €22k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€48k▲ 195%€114k▲ 137%€26k▼ 76.9%€58k▲ 122%€213k▲ 265%
Net result€35k▲ 198%€81k▲ 127%€5k▼ 93.3%€34k▲ 528%€124k▲ 264%
Equity€46k▲ 292%€126k▲ 172%€130k▲ 3.4%€77k▼ 40.4%€201k▲ 160%
Total assets€94k▲ 102%€229k▲ 144%€307k▲ 34.0%€227k▼ 25.9%€552k▲ 143%
Debt€48k▲ 37.7%€103k▲ 116%€177k▲ 71.2%€150k▼ 15.2%€351k▲ 135%
Working capital€16k€97k▲ 506%€70k▼ 27.9%€22k▼ 68.7%€124k▲ 465%
Staff (FTE)3.4▲ 467%7.3▲ 115%11.1▲ 52.1%8.9▼ 19.8%9.8▲ 10.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 265% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €552k
Fixed assets
€77k ▲ 39.2%
Current assets
€475k ▲ 177%
Equity and liabilities €552k
Equity
€201k ▲ 160%
Debt
€351k ▲ 135%
Debt's share of the balance-sheet total falls from 65.9% to 63.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€230k▲
2023 · €78k
Cash flow
€141k▲
2023 · €54k
Current ratio
1.35▲
2023 · 1.15
Debt to equity
1.75▼
2023 · 1.93
ROE
61.5%▲
2023 · 43.9%
ROA
22.4%▲
2023 · 15.0%
Interest coverage
49.67▲
2023 · 47.29
Debt ≤ 1 year
€351k▲
2023 · €150k
Income taxes
€85k▲
2023 · €23k
Staff costs
€494k▲
2023 · €359k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | - | - | - |
| Remuneration, social security and pensions62 | - | €189k | €335k | €359k | €494k | ▲ 37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €16k | €20k | €17k | ▼ 12.2% |
| Other operating charges640/8 | - | €3k | €9k | €9k | €13k | ▲ 41.5% |
| Non-recurring operating charges66A | - | - | €667 | - | €11k | - |
| Gross operating margin9900 | €154k | €316k | €387k | €447k | €748k | ▲ 67.5% |
| Operating profit (loss)9901 | €48k | €114k | €26k | €58k | €213k | ▲ 265% |
| Financial income75/76B | - | €1 | €613 | €0 | - | - |
| Recurring financial income75 | €5 | €1 | €613 | €0 | - | - |
| Financial charges65/66B | - | €2k | €8k | €2k | €5k | ▲ 181% |
| Recurring financial charges65 | €30 | €2k | €8k | €2k | €5k | ▲ 181% |
| Profit (loss) for the period before taxes9903 | €48k | €112k | €19k | €57k | €208k | ▲ 267% |
| Income taxes67/77 | €13k | €32k | €14k | €23k | €85k | ▲ 272% |
| Profit (loss) for the period9904 | €35k | €81k | €5k | €34k | €124k | ▲ 264% |
| Profit (loss) for the period to be appropriated9905 | €35k | €81k | €5k | €34k | €124k | ▲ 264% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94k | €229k | €307k | €227k | €552k | ▲ 143% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €30k | €28k | €60k | €55k | €77k | ▲ 39.2% |
| Tangible fixed assets22/27 | €30k | €28k | €60k | €55k | €77k | ▲ 39.6% |
| Plant, machinery and equipment23 | - | €4k | €19k | €16k | €22k | ▲ 36.5% |
| Furniture and vehicles24 | - | €24k | €41k | €39k | €55k | ▲ 41.0% |
| Financial fixed assets28 | - | - | - | €335 | €200 | ▼ 40.3% |
| Current assets29/58 | €64k | €201k | €247k | €172k | €475k | ▲ 177% |
| Stocks and contracts in progress3 | - | - | €49k | - | - | - |
| Contracts in progress37 | - | - | €49k | - | - | - |
| Amounts receivable within one year40/41 | €40k | €125k | €127k | €164k | €460k | ▲ 180% |
| Trade receivables40 | - | €81k | €48k | €88k | €256k | ▲ 190% |
| Other amounts receivable41 | - | €44k | €80k | €76k | €204k | ▲ 168% |
| Cash at bank and in hand54/58 | €24k | €76k | €69k | €7k | €11k | ▲ 58.7% |
| Deferred charges and accrued income490/1 | - | - | €1k | €466 | €4k | ▲ 857% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94k | €229k | €307k | €227k | €552k | ▲ 143% |
| Equity10/15 | €46k | €126k | €130k | €77k | €201k | ▲ 160% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Capital10 | - | €1k | €1k | €1k | - | - |
| Issued capital100 | - | €1k | €1k | €1k | - | - |
| Reserves13 | €45k | €125k | €129k | €129k | €252k | ▲ 96.0% |
| Non-distributable reserves130/1 | - | €124k | €129k | €129k | €252k | ▲ 96.1% |
| Legal reserve130 | - | €100 | €100 | €100 | - | - |
| Reserves not available under the articles1311 | - | €124k | €129k | €129k | €252k | ▲ 96.3% |
| Distributable reserves133 | - | €113 | €200 | €200 | €200 | = |
| Profit (loss) carried forward14 | - | - | - | €-52k | €-52k | ▲ 0.2% |
| Amounts payable17/49 | €48k | €103k | €177k | €150k | €351k | ▲ 135% |
| Amounts payable within one year42/48 | €48k | €103k | €177k | €150k | €351k | ▲ 135% |
| Trade debts44 | €14k | €37k | €111k | €89k | €205k | ▲ 130% |
| Suppliers440/4 | - | €37k | €111k | €89k | €205k | ▲ 130% |
| Advances received on contracts in progress46 | - | €19k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €47k | €66k | €60k | €146k | ▲ 142% |
| Taxes450/3 | - | €33k | €16k | €25k | €88k | ▲ 246% |
| Remuneration and social security454/9 | - | €14k | €49k | €35k | €58k | ▲ 65.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €81k | €5k | €34k | €124k | ▲ 264% |
| + Depreciation and write-downs630 | €7k | €9k | €16k | €20k | €17k | ▼ 12.2% |
| Operating cash flow (approximation) | €43k | €90k | €21k | €54k | €141k | ▲ 163% |
| Investment in fixed assets (approximation) | - | €-8k | €-47k | €-15k | €-39k | ▼ 154% |
| Change in cash | - | €52k | €-7k | €-62k | €4k | ▲ 106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2026
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 194 days late
2024
31-12
Financial
Highest result since 2019net €124k ▲264%
Operating result €213k, net result €124k, both a record.
31-12
Financial
Equity above €200kEq €201k ▲160%
6 profitable years in a row build equity to €201k.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €5k ▼93.3%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €126k ▲172%
3 profitable years in a row build equity to €126k.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Zele · 1 establishment unit since 2018
Ground area
125 m²
Building footprint
65 m²
Volume, LiDAR
269 m³
Parcel 42403D1578/00P000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KHALIGRO
since 20182.280.975.487
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42403D1578/00P000 | Flanders | 125 m² | 1 · 65 m² | 8.0 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.
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 789 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 (pre-2019)
Founded04-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
42220Construction of utility projects for electricity and telecommunications
42990
43120Site preparation
Contact
E-mail
khaligro@telenet.beZele
Phone
0476/242378Zele
Scores and ratios are computed by Checked and are not a credit decision.