Kit-It
ActiveSummary
The computed 12-month bankruptcy probability of Kit-It is 2.5% (moderate). The 2025 annual accounts show equity of €71,501 and a net result of -€34,984. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 28051 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-98
Solvency53▼-19
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.26 against 2.46 in 2024; short-term debt: 46% and cash: 4.2% of total assets), and 71.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 dateAge against the risk zone
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 · 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 2025Solvency, return and age of the figures
Solvency
28.1%
Return on assets
-13.8%
Age of the figures
12 mo
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 01-04-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
61 d early
2023
42 d early
2022
40 d early
2021
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 35 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€71,501▼ 32.9%
2024 · €106,486
Total assets
€254,108▲ 12.6%
2024 · €225,718
Net result
-€34,984
2024 · €60,953
Working capital
€30,848▼ 66.9%
2024 · €93,249
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,213-€37,577▼ 11.0%€13,248▼ 64.7%€84,466▲ 538%-€32,293
Net result€28,709-€27,123▼ 5.5%€8,735▼ 67.8%€60,953▲ 598%-€34,984
Equity€33,709-€60,832▲ 80.5%€69,567▲ 14.4%€106,486▲ 53.1%€71,501▼ 32.9%
Total assets€54,261-€88,568▲ 63.2%€173,153▲ 95.5%€225,718▲ 30.4%€254,108▲ 12.6%
Debt€20,552-€27,736▲ 35.0%€103,586▲ 273%€119,232▲ 15.1%€182,607▲ 53.2%
Working capital€32,564-€60,269▲ 85.1%€57,278▼ 5.0%€93,249▲ 62.8%€30,848▼ 66.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €32,293 after €84,466 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254,108
Fixed assets
€106,362 ▲ 54.8%
Current assets
€147,747 ▼ 5.9%
Equity and liabilities €254,108
Equity
€71,501 ▼ 32.9%
Debt
€182,607 ▲ 53.2%
Debt's share of the balance-sheet total rises from 52.8% to 71.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€13,506▼
2024 · €100,779
Cash flow
-€16,197▼
2024 · €77,266
Current ratio
1.26▼
2024 · 2.46
Quick ratio
1.24▼
2024 · 2.43
Debt to equity
2.55▲
2024 · 1.12
ROE
-48.9%▼
2024 · 57.2%
ROA
-13.8%▼
2024 · 27.0%
Interest coverage
-4.07▼
2024 · 27.55
Debt ≤ 1 year
€116,898▲
2024 · €63,776
Debt > 1 year
€65,689▲
2024 · €55,372
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,136 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,058 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% | 1.6% |
| 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 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 1,136 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €774 | €582 | €12,344 | €16,313 | €18,787 | ▲ 15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,632 | - |
| Other operating charges640/8 | €998 | €839 | €1,533 | €1,341 | €3,293 | ▲ 146% |
| Gross operating margin9900 | €43,985 | €38,998 | €27,124 | €102,119 | -€8,582 | ▼ 108% |
| Operating profit (loss)9901 | €42,213 | €37,577 | €13,248 | €84,466 | -€32,293 | ▼ 138% |
| Financial income75/76B | €0 | €181 | €1 | €111 | €628 | ▲ 465% |
| Recurring financial income75 | €0 | €181 | €1 | €111 | €628 | ▲ 465% |
| Financial charges65/66B | €48 | €453 | €3,013 | €3,658 | €3,319 | ▼ 9.3% |
| Recurring financial charges65 | €48 | €453 | €3,013 | €3,658 | €3,319 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | €42,165 | €37,304 | €10,236 | €80,919 | -€34,984 | ▼ 143% |
| Income taxes67/77 | €13,456 | €10,181 | €1,502 | €19,967 | - | - |
| Profit (loss) for the period9904 | €28,709 | €27,123 | €8,735 | €60,953 | -€34,984 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | €28,709 | €27,123 | €8,735 | €60,953 | -€34,984 | ▼ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,261 | €88,568 | €173,153 | €225,718 | €254,108 | ▲ 12.6% |
| Fixed assets21/28 | €1,144 | €563 | €84,259 | €68,694 | €106,362 | ▲ 54.8% |
| Tangible fixed assets22/27 | €1,144 | €563 | €84,259 | €68,694 | €104,712 | ▲ 52.4% |
| Plant, machinery and equipment23 | €127 | - | €1,466 | €1,540 | €1,133 | ▼ 26.4% |
| Furniture and vehicles24 | €1,018 | €563 | €82,792 | €67,154 | €103,579 | ▲ 54.2% |
| Financial fixed assets28 | - | - | - | - | €1,650 | - |
| Current assets29/58 | €53,116 | €88,006 | €88,894 | €157,024 | €147,747 | ▼ 5.9% |
| Stocks and contracts in progress3 | €2,541 | €3,943 | €4,278 | €2,065 | €2,278 | ▲ 10.3% |
| Stocks30/36 | €2,541 | €3,943 | €4,278 | €2,065 | €2,278 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €31,378 | €64,203 | €73,939 | €122,513 | €130,524 | ▲ 6.5% |
| Trade receivables40 | €31,378 | €55,353 | €64,420 | €110,892 | €111,844 | ▲ 0.9% |
| Other amounts receivable41 | - | €8,850 | €9,519 | €11,621 | €18,680 | ▲ 60.7% |
| Cash at bank and in hand54/58 | €18,604 | €18,926 | €9,718 | €31,140 | €10,590 | ▼ 66.0% |
| Deferred charges and accrued income490/1 | €592 | €934 | €959 | €1,306 | €4,355 | ▲ 233% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,261 | €88,568 | €173,153 | €225,718 | €254,108 | ▲ 12.6% |
| Equity10/15 | €33,709 | €60,832 | €69,567 | €106,486 | €71,501 | ▼ 32.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €28,709 | €55,832 | €64,567 | €101,486 | €101,486 | = |
| Distributable reserves133 | €28,709 | €55,832 | €64,567 | €101,486 | €101,486 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€34,984 | - |
| Amounts payable17/49 | €20,552 | €27,736 | €103,586 | €119,232 | €182,607 | ▲ 53.2% |
| Amounts payable after more than one year17 | - | - | €70,538 | €55,372 | €65,689 | ▲ 18.6% |
| Financial debts170/4 | - | - | €70,538 | €55,372 | €65,689 | ▲ 18.6% |
| Amounts payable within one year42/48 | €20,552 | €27,736 | €31,616 | €63,776 | €116,898 | ▲ 83.3% |
| Current portion of amounts payable after more than one year42 | - | €1,229 | €15,713 | €16,312 | €23,085 | ▲ 41.5% |
| Trade debts44 | €1,671 | €9,287 | €7,998 | €20,921 | €85,461 | ▲ 308% |
| Suppliers440/4 | €1,671 | €9,287 | €7,998 | €20,921 | €85,461 | ▲ 308% |
| Taxes, remuneration and social security45 | €18,809 | €17,220 | €6,110 | €2,685 | €2,685 | = |
| Taxes450/3 | €18,809 | €14,718 | €6,110 | €2,685 | €2,685 | = |
| Remuneration and social security454/9 | - | €2,502 | - | - | - | - |
| Other amounts payable47/48 | €72 | - | €1,794 | €23,858 | €5,668 | ▼ 76.2% |
| Accrued charges and deferred income492/3 | - | - | €1,432 | €84 | €20 | ▼ 76.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,709 | €27,123 | €8,735 | €60,953 | -€34,984 | ▼ 157% |
| + Depreciation and write-downs630 | €774 | €582 | €12,344 | €16,313 | €18,787 | ▲ 15.2% |
| Operating cash flow (approximation) | €29,482 | €27,705 | €21,079 | €77,266 | -€16,197 | ▼ 121% |
| Investment in fixed assets (approximation) | - | €0 | -€96,040 | -€748 | -€56,455 | ▼ 7,448% |
| Change in cash | - | €322 | -€9,208 | €21,422 | -€20,550 | ▼ 196% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€34,984
Net result drops to -€34,984, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2021net €60,953 ▲598%
Operating result €84,466, net result €60,953, both a record.
30-09
Financial
Equity above €100,000Eq €106,486 ▲53.1%
4 profitable years in a row build equity to €106,486.
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial 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
2 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, Waasmunster · 1 establishment unit since 2021
Ground area
1,902 m²
Building footprint
193 m²
Volume, LiDAR
927 m³
Parcel 42023B0869/00C000, Flanders · tallest building 15.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kit-It
since 20212.312.967.473
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0869/00C000 | Flanders | 1,902 m² | 1 · 193 m² | 15.5 m · 1 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.
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,492. 4,798 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
Founded04-02-2021
Fiscal year end30-09
Activities, NACEBEL 2025
43910Bricklaying and masonry work
01301Crop and animal production, hunting and related service activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762944887
Also
9925:BE0762944887
Registered
30-01-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.