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KHOLSOL

Active
Private limited companyfounded 2024active for 2 yearsVerbindingsstraat 14, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 1012.556.175

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 09-06-2026 at the NBB

Turnover
≈ €240,000
Estimated: probably between €180,000 and €390,000
Total assets
€62,690
Net result
€42,033
Working capital
€42,043

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €61,235
Fixed assets €1,534
Current assets €59,700
Equity and liabilities €62,690
Equity €45,033
Debt €17,657
Debt's share of the balance-sheet total is 28.2%.
Key figures and ratios
2025 value
EBITDA
€61,320
Cash flow
€45,236
Current ratio
3.38
Debt to equity
0.39
ROE
93.3%
ROA
67.0%
Interest coverage
43.60
Debt ≤ 1 year
€17,657
Income taxes
€15,558

Comparable companies

These companies have the same main activity as KHOLSOL: joinery installation (NACE 43320). They are comparable in size and age: total assets between €64,200 and €72,900, founded in 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
KHOLSOL Bilzen-Hoeselt2024€62,690€45,033€62,061€42,0332025
VAPRO Pelt2024€67,305€39,522€52,798€36,5222025
TY.MAX CHASSIS Rixensart2024€69,973€36,731€59,091€35,7312024
XYLOO Kraainem2024€72,324€25,577€57,144€24,5772025
BEUSELINCK LOUIS Torhout2024€72,905€42,262€58,829€39,2622025
Smets Senne Kasterlee2024€66,098€47,071€68,870€45,0712025
neemö Holsbeek2024€64,245€37,544€51,333€35,0442025

They were chosen from the 9,055 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as KHOLSOL has now. Two years later, 1.8% had gone bankrupt and 95.9% were 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
95.9% was still going

That fits the bankruptcy probability of KHOLSOL itself: 0.6% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for KHOLSOL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines

Source: Annual accounts 2025 at the NBB, filed on 09-06-2026.

Balance sheet Code2025
Assets
Total assets20/58€62,690
Formation expenses20€1,455
Fixed assets21/28€1,534
Tangible fixed assets22/27€1,534
Furniture and vehicles24€1,534
Current assets29/58€59,700
Amounts receivable within one year40/41€41,901
Trade receivables40€8,545
Other amounts receivable41€33,357
Cash at bank and in hand54/58€17,799
Equity and liabilities
Total equity and liabilities10/49€62,690
Equity10/15€45,033
Contributions10/11€3,000
Profit (loss) carried forward14€42,033
Amounts payable17/49€17,657
Amounts payable within one year42/48€17,657
Trade debts44€2,010
Suppliers440/4€2,010
Taxes, remuneration and social security45€15,647
Taxes450/3€15,647
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,203
Other operating charges640/8€741
Gross operating margin9900€62,061
Operating profit (loss)9901€58,117
Financial income75/76B€881
Recurring financial income75€881
Financial charges65/66B€1,406
Recurring financial charges65€1,406
Profit (loss) for the period before taxes9903€57,591
Income taxes67/77€15,558
Profit (loss) for the period9904€42,033
Profit (loss) for the period to be appropriated9905€42,033
Appropriation of the result
Profit (loss) to be appropriated9906€42,033

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,203
Other operating charges640/8€741
Gross operating margin9900€62,061
Operating profit (loss)9901€58,117
Financial income75/76B€881
Recurring financial income75€881
Financial charges65/66B€1,406
Recurring financial charges65€1,406
Profit (loss) for the period before taxes9903€57,591
Income taxes67/77€15,558
Profit (loss) for the period9904€42,033
Profit (loss) for the period to be appropriated9905€42,033
Line2025
Assets
Total assets20/58€62,690
Formation expenses20€1,455
Fixed assets21/28€1,534
Tangible fixed assets22/27€1,534
Furniture and vehicles24€1,534
Current assets29/58€59,700
Amounts receivable within one year40/41€41,901
Trade receivables40€8,545
Other amounts receivable41€33,357
Cash at bank and in hand54/58€17,799
Equity and liabilities
Total equity and liabilities10/49€62,690
Equity10/15€45,033
Contributions10/11€3,000
Profit (loss) carried forward14€42,033
Amounts payable17/49€17,657
Amounts payable within one year42/48€17,657
Trade debts44€2,010
Suppliers440/4€2,010
Taxes, remuneration and social security45€15,647
Taxes450/3€15,647
Line2025
Profit (loss) for the period9904€42,033
+ Depreciation and write-downs630€3,203
Operating cash flow (approximation)€45,236

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 09-06-2026 2026-00159646 NBB

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