King projects
ActiveSummary
King projects has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,064 and a net result of €441. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-32
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 3.83 in 2024; short-term debt: 22.7% and cash: 42.1% of total assets), and 24.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
4 d early
2022
3 d early
2021
3 d late
2020
30 d late
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 28 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€123,064▲ 0.4%
2024 · €122,623
Total assets
€162,427▼ 0.5%
2024 · €163,303
Net result
€441▼ 98.2%
2024 · €24,897
Working capital
€76,748▼ 29.5%
2024 · €108,909
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,189▲ 427%€4,119▼ 76.0%€51,151▲ 1,142%€41,125▼ 19.6%€5,692▼ 86.2%
Net result€9,525within the sector's middle half▲ 2,450%€603below the sector's middle half▼ 93.7%€32,457above the sector's middle half▲ 5,279%€24,897within the sector's middle half▼ 23.3%€441within the sector's middle half▼ 98.2%
Equity€67,932within the sector's middle half▲ 16.3%€68,535within the sector's middle half▲ 0.9%€99,392within the sector's middle half▲ 45.0%€122,623within the sector's middle half▲ 23.4%€123,064within the sector's middle half▲ 0.4%
Total assets€123,514within the sector's middle half▼ 0.2%€103,076within the sector's middle half▼ 16.5%€141,163within the sector's middle half▲ 37.0%€163,303within the sector's middle half▲ 15.7%€162,427within the sector's middle half▼ 0.5%
Debt€55,583▼ 15.0%€34,541▼ 37.9%€41,771▲ 20.9%€40,680▼ 2.6%€39,363▼ 3.2%
Working capital€67,520within the sector's middle half▲ 17.1%€65,327within the sector's middle half▼ 3.2%€85,280within the sector's middle half▲ 30.5%€108,909above the sector's middle half▲ 27.7%€76,748within the sector's middle half▼ 29.5%
Solvency55.0%within the sector's middle half▲ 7.8pp66.5%above the sector's middle half▲ 11.5pp70.4%above the sector's middle half▲ 3.9pp75.1%above the sector's middle half▲ 4.7pp75.8%above the sector's middle half▲ 0.7pp
Current ratio2.23within the sector's middle half▲ 0.322.93within the sector's middle half▲ 0.703.08within the sector's middle half▲ 0.153.83above the sector's middle half▲ 0.753.08within the sector's middle half▼ 0.75
Return on assets (ROA)7.7%within the sector's middle half▲ 7.4pp0.6%below the sector's middle half▼ 7.1pp23.0%above the sector's middle half▲ 22.4pp15.2%within the sector's middle half▼ 7.7pp0.3%below the sector's middle half▼ 15.0pp
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
The operating result has fallen two years in a row; 2025 is 86% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162,427
Fixed assets
€48,848 ▲ 207%
Current assets
€113,579 ▼ 22.9%
Equity and liabilities €162,427
Equity
€123,064 ▲ 0.4%
Debt
€39,363 ▼ 3.2%
Debt's share of the balance-sheet total falls from 24.9% to 24.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,108▼
2024 · €45,531
Cash flow
€9,857▼
2024 · €29,303
Quick ratio
2.87▼
2024 · 3.76
Debt to equity
0.32▼
2024 · 0.33
ROE
0.4%▼
2024 · 20.3%
Interest coverage
4.43▼
2024 · 14.63
Debt ≤ 1 year
€36,831▼
2024 · €38,473
Income taxes
€2,007▼
2024 · €13,837
Staff costs
€0▼
2024 · €12,464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
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%.
| 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 17,027 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9,000 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €15,472 | €12,464 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,365 | €1,026 | €2,072 | €4,406 | €9,416 | ▲ 114% |
| Other operating charges640/8 | - | €2,868 | €2,327 | €1,655 | €1,670 | ▲ 0.9% |
| Gross operating margin9900 | €22,349 | €8,013 | €71,023 | €59,649 | €16,777 | ▼ 71.9% |
| Operating profit (loss)9901 | €17,189 | €4,119 | €51,151 | €41,125 | €5,692 | ▼ 86.2% |
| Financial income75/76B | - | €54 | €438 | €721 | €167 | ▼ 76.8% |
| Recurring financial income75 | €53 | €54 | €438 | €721 | €167 | ▼ 76.8% |
| Financial charges65/66B | - | €1,771 | €2,039 | €3,113 | €3,411 | ▲ 9.6% |
| Recurring financial charges65 | €2,042 | €1,771 | €2,039 | €3,113 | €3,411 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | €15,199 | €2,401 | €49,550 | €38,734 | €2,448 | ▼ 93.7% |
| Income taxes67/77 | €5,674 | €1,798 | €17,093 | €13,837 | €2,007 | ▼ 85.5% |
| Profit (loss) for the period9904 | €9,525 | €603 | €32,457 | €24,897 | €441 | ▼ 98.2% |
| Profit (loss) for the period to be appropriated9905 | €9,525 | €603 | €32,457 | €24,897 | €441 | ▼ 98.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,514 | €103,076 | €141,163 | €163,303 | €162,427 | ▼ 0.5% |
| Fixed assets21/28 | €1,121 | €3,875 | €14,830 | €15,921 | €48,848 | ▲ 207% |
| Tangible fixed assets22/27 | €1,121 | €3,875 | €14,830 | €15,921 | €48,848 | ▲ 207% |
| Land and buildings22 | - | - | - | - | €34,999 | - |
| Plant, machinery and equipment23 | - | €2,804 | €14,197 | €13,337 | €12,074 | ▼ 9.5% |
| Furniture and vehicles24 | - | €1,071 | €633 | €2,584 | €1,776 | ▼ 31.3% |
| Current assets29/58 | €122,393 | €99,201 | €126,333 | €147,382 | €113,579 | ▼ 22.9% |
| Stocks and contracts in progress3 | €37,330 | €2,000 | €2,000 | €2,719 | €7,777 | ▲ 186% |
| Stocks30/36 | - | €2,000 | €2,000 | €2,719 | €7,777 | ▲ 186% |
| Contracts in progress37 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €78,364 | €18,654 | €37,394 | €51,906 | €34,942 | ▼ 32.7% |
| Trade receivables40 | - | €15,121 | €33,984 | €47,402 | €23,676 | ▼ 50.1% |
| Other amounts receivable41 | - | €3,533 | €3,410 | €4,504 | €11,266 | ▲ 150% |
| Cash at bank and in hand54/58 | €4,076 | €76,952 | €85,280 | €89,638 | €68,438 | ▼ 23.7% |
| Deferred charges and accrued income490/1 | - | €1,594 | €1,659 | €3,119 | €2,423 | ▼ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,514 | €103,076 | €141,163 | €163,303 | €162,427 | ▼ 0.5% |
| Equity10/15 | €67,932 | €68,535 | €99,392 | €122,623 | €123,064 | ▲ 0.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €49,332 | €49,935 | €80,792 | €104,023 | €104,464 | ▲ 0.4% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Distributable reserves133 | - | €45,575 | €78,292 | €101,523 | €101,964 | ▲ 0.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €55,583 | €34,541 | €41,771 | €40,680 | €39,363 | ▼ 3.2% |
| Amounts payable within one year42/48 | €54,874 | €33,874 | €41,053 | €38,473 | €36,831 | ▼ 4.3% |
| Trade debts44 | €12,032 | €19,237 | €11,323 | €13,593 | €16,173 | ▲ 19.0% |
| Suppliers440/4 | - | €19,237 | €11,323 | €13,593 | €16,173 | ▲ 19.0% |
| Taxes, remuneration and social security45 | - | €2,120 | €12,060 | €4,452 | €4,912 | ▲ 10.3% |
| Taxes450/3 | - | €2,120 | €5,950 | €4,452 | €2,592 | ▼ 41.8% |
| Remuneration and social security454/9 | - | €0 | €6,110 | €0 | €2,320 | - |
| Other amounts payable47/48 | - | €12,517 | €17,670 | €20,428 | €15,746 | ▼ 22.9% |
| Accrued charges and deferred income492/3 | - | €667 | €718 | €2,207 | €2,532 | ▲ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,525 | €603 | €32,457 | €24,897 | €441 | ▼ 98.2% |
| + Depreciation and write-downs630 | €1,365 | €1,026 | €2,072 | €4,406 | €9,416 | ▲ 114% |
| Operating cash flow (approximation) | €10,890 | €1,630 | €34,530 | €29,303 | €9,857 | ▼ 66.4% |
| Investment in fixed assets (approximation) | - | -€3,781 | -€13,027 | -€5,497 | -€42,343 | ▼ 670% |
| Change in cash | - | €72,876 | €8,328 | €4,358 | -€21,201 | ▼ 586% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €100,000Eq €122,623 ▲23.4%
6 profitable years in a row build equity to €122,623.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €32,457 ▲5,279%
Operating result €51,151, net result €32,457, both a record.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €374 ▼79.9%
Net result drops to €374, the lowest in the series; recovery starts the following year.
2019
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
10-10
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 4 acts read
About the unread acts
We know of 4 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
4 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, Zottegem · 1 establishment unit since 2000
Ground area
4,155 m²
Building footprint
342 m²
Volume, LiDAR
2,375 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
King projects
since 20002.097.137.426
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41069C1027/00N000 | Flanders | 2,218 m² | 1 · 192 m² | 11.8 m · 3 fl. |
| 41069C1027/00P000 | Flanders | 1,937 m² | 1 · 150 m² | 10.7 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.
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DECOR-CENTER DEMETS
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Of 749 companies in sector 43332 we hold annual accounts for 411. 353 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
Founded28-01-2000
Fiscal year end31-03
Activities, NACEBEL 2025
43332Laying of wooden floor and wall coverings
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43331Floor and wall tiling
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0470182259
Also
9925:BE0470182259
Registered
10-12-2025
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.