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Khandco

Active
Private limited companyfounded 20251 yr activeMerinosstraat 6, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 1025.712.840
Summary

The computed 12-month bankruptcy probability of Khandco is 7.4% (elevated). The 2025 annual accounts show negative equity (-€7,069) and a net result of -€8,069. Its solvency ranks better than 7% of 4709 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
7.4% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5; short-term debt: 156.2% and cash: 10.6% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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 2025
Solvency, return and age of the figures
Solvency
-56.2%
Return on assets
-64.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
1 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 July 2025, Khandco was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€7,069
Total assets
€12,575
Net result
-€8,069
Working capital
-€9,865

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €12,575
Fixed assets €2,796
Current assets €9,780
Key figures and ratios
2025 value
EBITDA
-€7,765
Cash flow
-€7,765
Solvency
-56.2%
Current ratio
0.50
Debt to equity
-2.78
ROA
-64.2%
Debt
€19,644
Debt ≤ 1 year
€19,644
Staff costs
€14,186

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.5% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 7.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,322 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€12,575
Fixed assets21/28€2,796
Tangible fixed assets22/27€2,696
Furniture and vehicles24€2,696
Financial fixed assets28€100
Current assets29/58€9,780
Amounts receivable within one year40/41€8,442
Trade receivables40€8,442
Cash at bank and in hand54/58€1,338
Equity and liabilities
Total equity and liabilities10/49€12,575
Equity10/15-€7,069
Contributions10/11€1,000
Profit (loss) carried forward14-€8,069
Amounts payable17/49€19,644
Amounts payable within one year42/48€19,644
Trade debts44€10,535
Suppliers440/4€10,535
Taxes, remuneration and social security45€5,619
Taxes450/3€520
Remuneration and social security454/9€5,098
Other amounts payable47/48€3,491
Income statement Code2025
Remuneration, social security and pensions62€14,186
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€304
Gross operating margin9900€6,421
Operating profit (loss)9901-€8,069
Profit (loss) for the period before taxes9903-€8,069
Profit (loss) for the period9904-€8,069
Profit (loss) for the period to be appropriated9905-€8,069
Appropriation of the result
Profit (loss) to be appropriated9906-€8,069

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€14,186
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€304
Gross operating margin9900€6,421
Operating profit (loss)9901-€8,069
Profit (loss) for the period before taxes9903-€8,069
Profit (loss) for the period9904-€8,069
Profit (loss) for the period to be appropriated9905-€8,069
Line2025
Assets
Total assets20/58€12,575
Fixed assets21/28€2,796
Tangible fixed assets22/27€2,696
Furniture and vehicles24€2,696
Financial fixed assets28€100
Current assets29/58€9,780
Amounts receivable within one year40/41€8,442
Trade receivables40€8,442
Cash at bank and in hand54/58€1,338
Equity and liabilities
Total equity and liabilities10/49€12,575
Equity10/15-€7,069
Contributions10/11€1,000
Profit (loss) carried forward14-€8,069
Amounts payable17/49€19,644
Amounts payable within one year42/48€19,644
Trade debts44€10,535
Suppliers440/4€10,535
Taxes, remuneration and social security45€5,619
Taxes450/3€520
Remuneration and social security454/9€5,098
Other amounts payable47/48€3,491
Line2025
Profit (loss) for the period9904-€8,069
+ Depreciation and write-downs630€304
Operating cash flow (approximation)-€7,765

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
30-07
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-Joost-ten-Node · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
157 m²
Building footprint
126 m²
Volume, LiDAR
1,215 m³
Parcel 21572B0015/00P003, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Khandco
Merinosstraat 6, 1210 Sint-Joost-ten-NodeOn-demand passenger transport by chauffeured vehicle
since 20252.377.354.093
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21572B0015/00P003 Brussels 157 m² 1 · 126 m² 15.8 m · 4 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 and region

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 6,972 companies in sector 49320 we hold annual accounts for 2,716. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded18-07-2025
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49310Scheduled passenger transport by road
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:1025712840
Registered 24-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.