KHM
ActiveSummary
KHM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €392k and a net result of €208k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 30% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+16
Solvency33▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.34 in 2024; short-term debt: 9.8% and cash: 1.6% of total assets), and 92% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
8%
Return on assets
4.3%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
26 d early
2023
on the day
2022
34 d early
2021
5 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€392k▲ 114%
2024 · €183k
2018: €139klowest in 8 years
2019: €139k● 0.0% vs 2018lowest in 8 years
2020: €274k▲ +97.1% vs 2019
2021: €357k▲ +30.6% vs 2020
2022: €334k▼ -6.3% vs 2021
2023: €387k▲ +15.7% vs 2022
2024: €183k▼ -52.7% vs 2023
2025: €392k▲ +114% vs 2024highest in 8 years
2018 → 2025
Total assets
€4.89M▼ 1.5%
2024 · €4.96M
2018: €1.40Mlowest in 8 years
2019: €1.59M▲ +13.5% vs 2018
2020: €1.61M▲ +1.3% vs 2019
2021: €1.65M▲ +2.4% vs 2020
2022: €2.80M▲ +69.8% vs 2021
2023: €2.93M▲ +4.6% vs 2022
2024: €4.96M▲ +69.2% vs 2023highest in 8 years
2025: €4.89M▼ -1.5% vs 2024
2018 → 2025
Net result
€208k
2024 · €-204k
2018: €696
2019: €444▼ -36.2% vs 2018
2020: €135k▲ +30344% vs 2019
2021: €84k▼ -38.1% vs 2020
2022: €-23k▼ -127% vs 2021
2023: €53k▲ +332% vs 2022
2024: €-204k▼ -488% vs 2023lowest in 8 years
2025: €208k▲ +202% vs 2024highest in 8 years
2018 → 2025
Working capital
€-332k▲ 14.1%
2024 · €-386k
2018: €-233k
2019: €-272k▼ -16.3% vs 2018
2020: €-219k▲ +19.3% vs 2019
2021: €-156k▲ +28.9% vs 2020
2022: €-46k▲ +70.5% vs 2021highest in 8 years
2023: €-246k▼ -437% vs 2022
2024: €-386k▼ -56.9% vs 2023lowest in 8 years
2025: €-332k▲ +14.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€357k-€334k▼ 6.3%€387k▲ 15.7%€183k▼ 52.7%€392k▲ 114%
2021: €357k
2022: €334k▼ -6.3% vs 2021
2023: €387k▲ +15.7% vs 2022
2024: €183k▼ -52.7% vs 2023lowest in 5 years
2025: €392k▲ +114% vs 2024highest in 5 years
Operating result€38k-€-70k€85k€-107k€332k
2021: €38k
2022: €-70k▼ -282% vs 2021
2023: €85k▲ +222% vs 2022
2024: €-107k▼ -226% vs 2023lowest in 5 years
2025: €332k▲ +411% vs 2024highest in 5 years
Net result€84k-€-23k€53k€-204k€208k
2021: €84k
2022: €-23k▼ -127% vs 2021
2023: €53k▲ +332% vs 2022
2024: €-204k▼ -488% vs 2023lowest in 5 years
2025: €208k▲ +202% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €332k after a loss of €107k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.89M
Fixed assets
€4.74M ▼ 0.6%
Current assets
€149k ▼ 23.7%
Equity and liabilities €4.89M
Equity
€392k ▲ 114%
Debt
€4.50M ▼ 5.9%
Debt's share of the balance-sheet total falls from 96.3% to 92.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€453k▲
2024 · €287k
Cash flow
€329k▲
2024 · €189k
Current ratio
0.31▼
2024 · 0.34
Debt to equity
11.49▼
2024 · 26.11
ROE
53.2%▲
2024 · -111.5%
ROA
4.3%▲
2024 · -4.1%
Interest coverage
3.65▲
2024 · 2.94
Debt ≤ 1 year
€481k▼
2024 · €582k
Debt > 1 year
€4.01M▼
2024 · €4.19M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.96M€4.89M▼
Fixed assets21/28€4.77M€4.74M▼
Tangible fixed assets22/27€4.77M€4.74M▼
Land and buildings22€4.74M€4.72M▼
Plant, machinery and equipment23€24k€18k▼
Furniture and vehicles24€307€12▼
Financial fixed assets28€1k€1k=
Current assets29/58€195k€149k▼
Amounts receivable within one year40/41€159k€65k▼
Trade receivables40€63k€46k▼
Other amounts receivable41€96k€20k▼
Cash at bank and in hand54/58€35k€78k▲
Deferred charges and accrued income490/1€686€6k▲
Equity and liabilities
Total equity and liabilities10/49€4.96M€4.89M▼
Equity10/15€183k€392k▲
Contributions10/11€19k€19k=
Reserves13€369k€369k=
Distributable reserves133€369k€369k=
Profit (loss) carried forward14€-204k€4k▲
Amounts payable17/49€4.78M€4.50M▼
Amounts payable after more than one year17€4.19M€4.01M▼
Financial debts170/4€4.19M€4.01M▼
Amounts payable within one year42/48€582k€481k▼
Current portion of amounts payable after more than one year42€274k€273k▼
Trade debts44€29k€63k▲
Suppliers440/4€29k€63k▲
Advances received on contracts in progress46€10k-
Taxes, remuneration and social security45€1k€322▼
Taxes450/3€1k€322▼
Other amounts payable47/48€268k€145k▼
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€393k€121k▼
Other operating charges640/8€44k€59k▲
Gross operating margin9900€330k€512k▲
Operating profit (loss)9901€-107k€332k▲
Financial income75/76B€276€697▲
Recurring financial income75€276€697▲
Financial charges65/66B€98k€124k▲
Recurring financial charges65€98k€124k▲
Profit (loss) for the period before taxes9903€-204k€208k▲
Profit (loss) for the period9904€-204k€208k▲
Profit (loss) for the period to be appropriated9905€-204k€208k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-204k€4k▲
Profit (loss) brought forward from the previous period14P-€-204k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61k | €188k | €69k | €393k | €121k | ▼ 69.3% |
| Other operating charges640/8 | €19k | €26k | €32k | €44k | €59k | ▲ 35.7% |
| Gross operating margin9900 | €118k | €144k | €186k | €330k | €512k | ▲ 55.0% |
| Operating profit (loss)9901 | €38k | €-70k | €85k | €-107k | €332k | ▲ 411% |
| Financial income75/76B | €83k | €82k | €7k | €276 | €697 | ▲ 153% |
| Recurring financial income75 | €83k | €82k | €7k | €276 | €697 | ▲ 153% |
| Financial charges65/66B | €26k | €35k | €34k | €98k | €124k | ▲ 27.2% |
| Recurring financial charges65 | €26k | €35k | €34k | €98k | €124k | ▲ 27.2% |
| Profit (loss) for the period before taxes9903 | €96k | €-23k | €58k | €-204k | €208k | ▲ 202% |
| Income taxes67/77 | €12k | €82 | €5k | - | - | - |
| Profit (loss) for the period9904 | €84k | €-23k | €53k | €-204k | €208k | ▲ 202% |
| Profit (loss) for the period to be appropriated9905 | €84k | €-23k | €53k | €-204k | €208k | ▲ 202% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.65M | €2.80M | €2.93M | €4.96M | €4.89M | ▼ 1.5% |
| Fixed assets21/28 | €1.41M | €2.48M | €2.41M | €4.77M | €4.74M | ▼ 0.6% |
| Tangible fixed assets22/27 | €1.35M | €2.48M | €2.41M | €4.77M | €4.74M | ▼ 0.6% |
| Land and buildings22 | €1.34M | €2.48M | €2.41M | €4.74M | €4.72M | ▼ 0.4% |
| Plant, machinery and equipment23 | €889 | - | - | €24k | €18k | ▼ 21.9% |
| Furniture and vehicles24 | €6k | €4k | €2k | €307 | €12 | ▼ 96.1% |
| Financial fixed assets28 | €59k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €241k | €319k | €518k | €195k | €149k | ▼ 23.7% |
| Amounts receivable within one year40/41 | €210k | €294k | €489k | €159k | €65k | ▼ 58.9% |
| Trade receivables40 | €36k | €73k | €296k | €63k | €46k | ▼ 28.0% |
| Other amounts receivable41 | €174k | €221k | €193k | €96k | €20k | ▼ 79.4% |
| Cash at bank and in hand54/58 | €21k | €12k | €29k | €35k | €78k | ▲ 120% |
| Deferred charges and accrued income490/1 | €11k | €13k | - | €686 | €6k | ▲ 737% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.65M | €2.80M | €2.93M | €4.96M | €4.89M | ▼ 1.5% |
| Equity10/15 | €357k | €334k | €387k | €183k | €392k | ▲ 114% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €338k | €315k | €369k | €369k | €369k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €336k | €314k | €367k | €369k | €369k | = |
| Profit (loss) carried forward14 | €791 | €409 | - | €-204k | €4k | ▲ 102% |
| Amounts payable17/49 | €1.29M | €2.47M | €2.55M | €4.78M | €4.50M | ▼ 5.9% |
| Amounts payable after more than one year17 | €820k | €1.94M | €1.78M | €4.19M | €4.01M | ▼ 4.3% |
| Financial debts170/4 | €820k | €1.94M | €1.78M | €4.19M | €4.01M | ▼ 4.3% |
| Amounts payable within one year42/48 | €397k | €365k | €764k | €582k | €481k | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | €100k | €157k | €160k | €274k | €273k | ▼ 0.2% |
| Trade debts44 | €6k | €5k | €6k | €29k | €63k | ▲ 120% |
| Suppliers440/4 | €6k | €5k | €6k | €29k | €63k | ▲ 120% |
| Advances received on contracts in progress46 | - | - | - | €10k | - | - |
| Taxes, remuneration and social security45 | €13k | €144 | €5k | €1k | €322 | ▼ 77.3% |
| Taxes450/3 | €13k | €144 | €5k | €1k | €322 | ▼ 77.3% |
| Other amounts payable47/48 | €278k | €202k | €594k | €268k | €145k | ▼ 46.1% |
| Accrued charges and deferred income492/3 | €76k | €166k | €4k | €4k | €5k | ▲ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €-23k | €53k | €-204k | €208k | ▲ 202% |
| + Depreciation and write-downs630 | €61k | €188k | €69k | €393k | €121k | ▼ 69.3% |
| Operating cash flow (approximation) | €145k | €165k | €122k | €189k | €329k | ▲ 73.9% |
| Investment in fixed assets (approximation) | - | €-1.26M | €0 | €-2.75M | €-95k | ▲ 96.6% |
| Change in cash | - | €-9k | €17k | €7k | €42k | ▲ 528% |
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
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €208k
Net result €208k after one loss-making year.
30-09
Financial
Equity above €200kEq €392k ▲114%
Equity rises from €183k to €392k.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-204k
Net result drops to €-204k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €200kEq €274k ▲97.1%
3 profitable years in a row build equity to €274k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Hamme (Vl.) · 1 establishment unit since 2012
Ground area
8,116 m²
Building footprint
2,386 m²
Parcel 42452C0174/00P000, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
KHM
since 20122.210.750.853
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0174/00P000 | Flanders | 8,116 m² | 1 · 2,386 m² | - |
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
GO IMMO
BE 0552.929.296
Wavre · Eq €391,798
Société Anonyme d'Etudes et de Propriété Immobilière
BE 0431.053.449
Rixensart · Eq €391,142
PALAGOU
BE 0878.736.856
Namur · Eq €391,918
"Wolzimmo"
BE 0762.953.104
Tervuren · Eq €391,077
INVESTERINGEN EN ONDERZOEK VAN LANDBOUW EN NIJVERHEID
BE 0470.251.050
Destelbergen · Eq €391,046
Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,781 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
Founded29-11-2011
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.