KIZIL CONSTRUCT
Dissolution or liquidationFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 12 filings
Turnover
≈ €68,000
Estimated: probably between €43,000 and €92,000
Total assets
€45,078▲ 6.4%
2024 · €42,348
Net result
€17,194▼ 75.4%
2024 · €69,803
Working capital
-€25,818▲ 51.4%
2024 · -€53,080
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€17,494
▼ 75.0%
2025
20192025
Net result
€17,194
▼ 75.4%
2025
middle half of the sector
20192025
Equity
€5,424
2025
lowest quarter of the sector
20192025
Total assets
€45,078
▲ 6.4%
2025
lowest quarter of the sector
20192025
Debt
€39,654
▼ 26.7%
2025
20192025
Working capital
-€25,818
▲ 51.4%
2025
lowest quarter of the sector
20192025
Solvency
12.0%
▲ 39.8pp
2025
lowest quarter of the sector
20192025
Current ratio
0.35
▲ 0.33
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
38.1%
▼ 126.7pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€17,683-€46,007€6,936▼ 84.9%€183▼ 97.4%-€22,453€69,849€17,494▼ 75.0%
Net result-€17,859-€46,443above the sector's middle half€7,452within the sector's middle half▼ 84.0%€74within the sector's middle half▼ 99.0%-€22,485below the sector's middle half€69,803above the sector's middle half€17,194within the sector's middle half▼ 75.4%
Equity-€113,056--€66,613below the sector's middle half▲ 41.1%-€59,161below the sector's middle half▲ 11.2%-€59,088below the sector's middle half▲ 0.1%-€81,573below the sector's middle half▼ 38.1%-€11,770below the sector's middle half▲ 85.6%€5,424below the sector's middle half
Total assets€68,200-€58,282within the sector's middle half▼ 14.5%€35,800below the sector's middle half▼ 38.6%€18,604below the sector's middle half▼ 48.0%€32,614below the sector's middle half▲ 75.3%€42,348below the sector's middle half▲ 29.8%€45,078below the sector's middle half▲ 6.4%
Debt€181,256-€124,895▼ 31.1%€94,961▼ 24.0%€77,691▼ 18.2%€114,187▲ 47.0%€54,118▼ 52.6%€39,654▼ 26.7%
Working capital-€163,256--€104,813below the sector's middle half▲ 35.8%-€16,924below the sector's middle half▲ 83.9%-€24,459below the sector's middle half▼ 44.5%-€84,553below the sector's middle half▼ 246%-€53,080below the sector's middle half▲ 37.2%-€25,818below the sector's middle half▲ 51.4%
Solvency-165.8%--114.3%below the sector's middle half▲ 51.5pp-165.3%below the sector's middle half▼ 51.0pp-317.6%below the sector's middle half▼ 152.4pp-250.1%below the sector's middle half▲ 67.5pp-27.8%below the sector's middle half▲ 222.3pp12.0%below the sector's middle half▲ 39.8pp
Current ratio0.10-0.16below the sector's middle half▲ 0.060.32below the sector's middle half▲ 0.160.12below the sector's middle half▼ 0.210.26below the sector's middle half▲ 0.140.02below the sector's middle half▼ 0.240.35below the sector's middle half▲ 0.33
Return on assets (ROA)-26.2%-79.7%above the sector's middle half▲ 105.9pp20.8%within the sector's middle half▼ 58.9pp0.4%within the sector's middle half▼ 20.4pp-68.9%below the sector's middle half▼ 69.3pp164.8%above the sector's middle half▲ 233.8pp38.1%above the sector's middle half▼ 126.7pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 75% lower than in 2024.
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
2025 in colour, 2024 as the grey bar beneath
Assets €45,078
Fixed assets
€31,242 ▼ 24.4%
Current assets
€13,836 ▲ 13×
Equity and liabilities €45,078
Equity
€5,424
Debt
€39,654
Debt's share of the balance-sheet total is 88.0%.
Key figures and ratios
EBITDA
€27,563▼
2024 · €74,719
Cash flow
€27,262▼
2024 · €74,673
Debt to equity
7.31
ROE
317.0%
Interest coverage
87.86▼
2024 · over 100
Debt ≤ 1 year
€39,654▼
2024 · €54,118
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,954 | - | - | €43,200 | - |
| Depreciation and write-downs of the year | €12,391 | €12,391 | €12,391 | €4,870 | €10,068 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,000 | €12,000 | €12,391 | €12,391 | €12,391 | €4,870 | €10,068 | ▲ 107% |
| Other operating charges640/8 | - | - | - | €200 | €3,055 | - | - | - |
| Gross operating margin9900 | -€5,301 | €58,513 | €19,327 | €12,774 | -€7,007 | €74,719 | €27,563 | ▼ 63.1% |
| Operating profit (loss)9901 | -€17,683 | €46,007 | €6,936 | €183 | -€22,453 | €69,849 | €17,494 | ▼ 75.0% |
| Financial income75/76B | - | - | €641 | - | €13 | €0 | €13 | ▲ 658× |
| Recurring financial income75 | €12 | €484 | €641 | - | €13 | €0 | €13 | ▲ 658× |
| Financial charges65/66B | - | - | €125 | €109 | €46 | €46 | €314 | ▲ 578% |
| Recurring financial charges65 | €188 | €49 | €125 | €109 | €46 | €46 | €314 | ▲ 578% |
| Profit (loss) for the period before taxes9903 | -€17,859 | €46,443 | €7,452 | €74 | -€22,485 | €69,803 | €17,194 | ▼ 75.4% |
| Profit (loss) for the period9904 | -€17,859 | €46,443 | €7,452 | €74 | -€22,485 | €69,803 | €17,194 | ▼ 75.4% |
| Profit (loss) for the period to be appropriated9905 | -€17,859 | €46,443 | €7,452 | €74 | -€22,485 | €69,803 | €17,194 | ▼ 75.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €68,200 | €58,282 | €35,800 | €18,604 | €32,614 | €42,348 | €45,078 | ▲ 6.4% |
| Fixed assets21/28 | €50,200 | €38,199 | €27,762 | €15,371 | €2,980 | €41,310 | €31,242 | ▼ 24.4% |
| Tangible fixed assets22/27 | €50,200 | €38,199 | €27,762 | €15,371 | €2,980 | €41,310 | €31,242 | ▼ 24.4% |
| Plant, machinery and equipment23 | - | - | €27,762 | €15,371 | €2,980 | €2,466 | €1,038 | ▼ 57.9% |
| Furniture and vehicles24 | - | - | - | - | - | €38,844 | €30,204 | ▼ 22.2% |
| Current assets29/58 | €18,000 | €20,082 | €8,038 | €3,232 | €29,633 | €1,038 | €13,836 | ▲ 13× |
| Amounts receivable within one year40/41 | - | €18,037 | €1,982 | €3,231 | €115 | €716 | €9,459 | ▲ 13× |
| Trade receivables40 | - | - | - | €724 | - | €716 | €7,444 | ▲ 940% |
| Other amounts receivable41 | - | - | €1,982 | €2,507 | €115 | €0 | €2,015 | ▲ 5,599× |
| Cash at bank and in hand54/58 | €18,000 | €2,045 | €6,056 | €2 | €29,518 | €322 | €4,377 | ▲ 14× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €68,200 | €58,282 | €35,800 | €18,604 | €32,614 | €42,348 | €45,078 | ▲ 6.4% |
| Equity10/15 | -€113,056 | -€66,613 | -€59,161 | -€59,088 | -€81,573 | -€11,770 | €5,424 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | €18,600 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€131,656 | -€85,213 | -€77,761 | -€77,688 | -€100,173 | -€30,370 | -€13,176 | ▲ 56.6% |
| Amounts payable17/49 | €181,256 | €124,895 | €94,961 | €77,691 | €114,187 | €54,118 | €39,654 | ▼ 26.7% |
| Amounts payable after more than one year17 | - | - | €70,000 | €50,000 | - | - | - | - |
| Financial debts170/4 | - | - | €70,000 | €50,000 | - | - | - | - |
| Amounts payable within one year42/48 | €181,256 | €124,895 | €24,961 | €27,691 | €114,187 | €54,118 | €39,654 | ▼ 26.7% |
| Trade debts44 | €18,348 | €11,364 | €17,363 | €21,981 | €40,398 | - | - | - |
| Suppliers440/4 | - | - | €17,363 | €21,981 | €40,398 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €3,969 | €5,728 | - | - |
| Taxes450/3 | - | - | - | - | €3,969 | €5,728 | - | - |
| Other amounts payable47/48 | - | - | €7,599 | €5,711 | €69,819 | €48,390 | €39,654 | ▼ 18.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,859 | €46,443 | €7,452 | €74 | -€22,485 | €69,803 | €17,194 | ▼ 75.4% |
| + Depreciation and write-downs630 | €12,000 | €12,000 | €12,391 | €12,391 | €12,391 | €4,870 | €10,068 | ▲ 107% |
| Operating cash flow (approximation) | -€5,859 | €58,443 | €19,843 | €12,464 | -€10,094 | €74,673 | €27,262 | ▼ 63.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,954 | €0 | €0 | -€43,200 | €0 | - |
| Change in cash | - | -€15,955 | €4,011 | -€6,054 | €29,517 | -€29,196 | €4,055 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00031589 | |
| 30-06-2024 | micro format | 24-01-2025 | 2025-00014226 | |
| 30-06-2023 | micro format | 12-02-2025 | 2025-00036099 | |
| 30-06-2022 | micro format | 21-02-2023 | 2023-00031990 | |
| 30-06-2021 | micro format | 17-10-2023 | 2023-00490358 | |
| 30-06-2020 | micro format | 06-01-2021 | 2021-00400235 | |
| 30-06-2019 | micro format | 16-12-2019 | 2019-77000052 | |
| 30-06-2018 | micro format | 22-02-2019 | 2019-05700191 | |
| 30-06-2017 | micro format | 19-04-2018 | 2018-10300143 | |
| 30-06-2016 | full format | 20-03-2017 | 2017-06900231 |