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KHAZZ

Active
Private limited companyfounded 20224 yrs activeKBO/BCE: BE 0780.699.154
Summary

The computed 12-month bankruptcy probability of KHAZZ is 15.3% (high). The 2024 annual accounts show equity of €35,162 and a net result of €15,316. Equity is growing by ~84.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 36370 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Checked score

Score 2024
44 / 100
Weak
A high bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency98▼-2
Growth78=
Track record78
Bankruptcy probability, 12 months
15.3% High
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.03 against 3.95 in 2023; short-term debt: 27.2% and cash: 29.5% of total assets), and 27.2% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
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 2024
Solvency, return and age of the figures
Solvency
72.8%
Return on assets
31.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
40 d late
2023
315 d late
2022
48 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 134 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struck×2

History

KHAZZ was incorporated on 20 January 2022 as a Private limited company.1 Total assets rose from EUR 4,394 in 2022 to EUR 48,309 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€11,632
EBIT margin
17.3%
Net result
€15,316▼ 16.7%
2023 · €18,394
Working capital
€26,739▲ 34.7%
2023 · €19,845
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 43, Specialised construction 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
Line202220232024
Turnover€11,632-
Operating result€2,008-€23,741▲ 1,082%€19,512▼ 17.8%
Net result€1,451within the sector's middle half-€18,394within the sector's middle half▲ 1,168%€15,316within the sector's middle half▼ 16.7%
EBIT margin17.3%-
Equity€1,451below the sector's middle half-€19,845below the sector's middle half▲ 1,268%€35,162within the sector's middle half▲ 77.2%
Total assets€4,394below the sector's middle half-€26,574below the sector's middle half▲ 505%€48,309below the sector's middle half▲ 81.8%
Debt€2,943-€6,728▲ 129%€13,147▲ 95.4%
Working capital€1,451below the sector's middle half-€19,845within the sector's middle half▲ 1,268%€26,739within the sector's middle half▲ 34.7%
Solvency74.7%above the sector's middle half72.8%above the sector's middle half▼ 1.9pp
Current ratio3.95above the sector's middle half3.03within the sector's middle half▼ 0.92
Return on assets (ROA)69.2%above the sector's middle half31.7%above the sector's middle half▼ 37.5pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction 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 per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2022: €2,008€2,008Net result 2022: €1,451€1,451Operating result 2023: €23,741€23,741Net result 2023: €18,394€18,394Operating result 2024: €19,512€19,512Net result 2024: €15,316€15,316202220232024€0€10,000€20,000Operating result 2022: €2,008€2,010Net result 2022: €1,451€1,450Operating result 2023: €23,741€23,700Net result 2023: €18,394€18,400Operating result 2024: €19,512€19,500Net result 2024: €15,316€15,300202220232024
The operating result falls in 2024; 2024 is 18% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48,309
Fixed assets €8,423
Current assets €39,886
Equity and liabilities €48,309
Equity €35,162 ▲ 77.2%
Debt €13,147 ▲ 95.4%
Debt's share of the balance-sheet total rises from 25.3% to 27.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€19,589
Cash flow
€15,394
Debt to equity
0.37▲
2023 · 0.34
ROE
43.6%▼
2023 · 92.7%
Interest coverage
202.08
Debt ≤ 1 year
€13,147▲
2023 · €6,728
Income taxes
€4,099▼
2023 · €5,237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 15.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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 · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€26,574€48,309▲
Fixed assets21/28-€8,423
Tangible fixed assets22/27-€8,423
Furniture and vehicles24-€8,423
Current assets29/58€26,574€39,886▲
Amounts receivable within one year40/41€8,044€25,638▲
Trade receivables40-€7,105
Other amounts receivable41€8,044€18,533▲
Cash at bank and in hand54/58€18,530€14,248▼
Equity and liabilities
Total equity and liabilities10/49€26,574€48,309▲
Equity10/15€19,845€35,162▲
Profit (loss) carried forward14€19,845€35,162▲
Amounts payable17/49€6,728€13,147▲
Amounts payable within one year42/48€6,728€13,147▲
Trade debts44-€1,121
Suppliers440/4-€1,121
Advances received on contracts in progress46-€1,100
Taxes, remuneration and social security45€6,728€10,926▲
Taxes450/3€6,728€10,926▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€77
Other operating charges640/8€1,035€325▼
Gross operating margin9900€24,777€19,914▼
Operating profit (loss)9901€23,741€19,512▼
Financial charges65/66B€110€97▼
Recurring financial charges65€110€97▼
Profit (loss) for the period before taxes9903€23,631€19,415▼
Income taxes67/77€5,237€4,099▼
Profit (loss) for the period9904€18,394€15,316▼
Profit (loss) for the period to be appropriated9905€18,394€15,316▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,845€35,162▲
Profit (loss) brought forward from the previous period14P€1,451€19,845▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70€11,632---
Goods, raw materials, services and sundry goods60/61€9,624---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€77-
Other operating charges640/8-€1,035€325▼ 68.6%
Gross operating margin9900€2,008€24,777€19,914▼ 19.6%
Operating profit (loss)9901€2,008€23,741€19,512▼ 17.8%
Financial income75/76B€76---
Recurring financial income75€76---
Financial charges65/66B€28€110€97▼ 11.7%
Recurring financial charges65€28€110€97▼ 11.7%
Profit (loss) for the period before taxes9903€2,056€23,631€19,415▼ 17.8%
Income taxes67/77€605€5,237€4,099▼ 21.7%
Profit (loss) for the period9904€1,451€18,394€15,316▼ 16.7%
Profit (loss) for the period to be appropriated9905€1,451€18,394€15,316▼ 16.7%
Line202220232024Change
Assets
Total assets20/58€4,394€26,574€48,309▲ 81.8%
Fixed assets21/28--€8,423-
Tangible fixed assets22/27--€8,423-
Furniture and vehicles24--€8,423-
Current assets29/58€4,394€26,574€39,886▲ 50.1%
Amounts receivable within one year40/41€1,883€8,044€25,638▲ 219%
Trade receivables40--€7,105-
Other amounts receivable41€1,883€8,044€18,533▲ 130%
Cash at bank and in hand54/58€2,512€18,530€14,248▼ 23.1%
Equity and liabilities
Total equity and liabilities10/49€4,394€26,574€48,309▲ 81.8%
Equity10/15€1,451€19,845€35,162▲ 77.2%
Profit (loss) carried forward14€1,451€19,845€35,162▲ 77.2%
Amounts payable17/49€2,943€6,728€13,147▲ 95.4%
Amounts payable within one year42/48€2,943€6,728€13,147▲ 95.4%
Trade debts44€2,148-€1,121-
Suppliers440/4€2,148-€1,121-
Advances received on contracts in progress46--€1,100-
Taxes, remuneration and social security45€795€6,728€10,926▲ 62.4%
Taxes450/3€795€6,728€10,926▲ 62.4%
Line202220232024Change
Profit (loss) for the period9904€1,451€18,394€15,316▼ 16.7%
+ Depreciation and write-downs630--€77-
Operating cash flow (approximation)€1,451€18,394€15,394▼ 16.3%
Change in cash-€16,018-€4,282▼ 127%

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
07-04
KBO administration Address struck
event 01-10-2025
2025
09-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
11-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 315 days late
12-05
KBO administration Address struck
Imperiastraat 8 1930 Die Sitzadresse Imperiastraat 8 1930 Zaventem · event 05-05-2025
2023
31-12
Financial Highest result since 2022net €18,394 ▲1,168%
Operating result €23,741, net result €18,394, both a record.
31-12
Financial Liquidity triplescurrent ratio 3.95
Current ratio from 1.49 to 3.95.
17-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 48 days late
SignalFinancial 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
3,051 m²
Building footprint
1,732 m²
Volume, LiDAR
287 m³
2 parcels, Flanders, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Cracovie 51, 4030 Liège
Repair, maintenance and installation of machinery and equipment
since 20222.327.068.404
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23582E0390/00T002 Flanders 2,865 m² 1 · 1,680 m² -
62302C0775/00L005 Wallonia 186 m² 1 · 52 m² 6.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 7,038 companies in this sector we hold annual accounts for 3,481. 2,832 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded20-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
33110Repair and maintenance of fabricated metal products
42219Civil engineering
43222Installation of electric heating, air conditioning, cooling and ventilation
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID 0208:0780699154
Also 9925:BE0780699154
Registered 04-02-2026

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

Register as of 30 September 2026 · Peppol Directory

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