KLS PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of KLS PROJECT is 1.5% (moderate). The 2025 annual accounts show equity of €34,329 and a net result of €448. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 71% of 4695 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-8
Solvency79▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.2 in 2024; short-term debt: 23.8% and cash: 22.1% of total assets), and 46.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
53.8%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
6 d early
2023
19 d late
2022
1 d late
2021
16 d late
2020
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€34,329▲ 1.3%
2024 · €33,881
Total assets
€63,824▼ 11.7%
2024 · €72,255
Net result
€448▼ 92.0%
2024 · €5,563
Working capital
€6,330▲ 67.6%
2024 · €3,777
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€8,941€11,906▲ 33.2%€11,390▼ 4.3%€9,460▼ 16.9%€6,723▼ 28.9%
Net result€8,144€11,188▲ 37.4%€8,789▼ 21.4%€5,563▼ 36.7%€448▼ 92.0%
Equity€8,341▲ 4,121%€19,529▲ 134%€28,318▲ 45.0%€33,881▲ 19.6%€34,329▲ 1.3%
Total assets€38,943▲ 7.7%€39,100▲ 0.4%€37,358▼ 4.5%€72,255▲ 93.4%€63,824▼ 11.7%
Debt€30,602▼ 14.9%€19,571▼ 36.0%€9,039▼ 53.8%€38,373▲ 325%€29,495▼ 23.1%
Working capital-€7,262▲ 34.9%€652€1,758▲ 170%€3,777▲ 115%€6,330▲ 67.6%
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 three years in a row; 2025 is 29% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,824
Fixed assets
€42,320 ▼ 14.0%
Current assets
€21,505 ▼ 6.8%
Equity and liabilities €63,824
Equity
€34,329 ▲ 1.3%
Debt
€29,495 ▼ 23.1%
Debt's share of the balance-sheet total falls from 53.1% to 46.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,586▼
2024 · €16,535
Cash flow
€7,310▼
2024 · €12,638
Current ratio
1.42▲
2024 · 1.20
Debt to equity
0.86▼
2024 · 1.13
ROE
1.3%▼
2024 · 16.4%
ROA
0.7%▼
2024 · 7.7%
Interest coverage
7.40▼
2024 · 9.56
Debt ≤ 1 year
€15,175▼
2024 · €19,295
Debt > 1 year
€14,321▼
2024 · €19,078
Income taxes
€4,492▲
2024 · €2,425
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 5,047 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 | €2,448 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,789 | €3,881 | €3,915 | €7,074 | €6,862 | ▼ 3.0% |
| Other operating charges640/8 | €828 | €301 | €317 | €667 | €633 | ▼ 5.2% |
| Gross operating margin9900 | €13,558 | €16,088 | €15,621 | €17,202 | €14,218 | ▼ 17.3% |
| Operating profit (loss)9901 | €8,941 | €11,906 | €11,390 | €9,460 | €6,723 | ▼ 28.9% |
| Financial income75/76B | - | - | - | €256 | €52 | ▼ 79.8% |
| Recurring financial income75 | - | - | - | €256 | €52 | ▼ 79.8% |
| Financial charges65/66B | €798 | €718 | €1,557 | €1,729 | €1,835 | ▲ 6.2% |
| Recurring financial charges65 | €798 | €718 | €1,557 | €1,729 | €1,835 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | €8,144 | €11,188 | €9,833 | €7,988 | €4,940 | ▼ 38.2% |
| Income taxes67/77 | - | - | €1,044 | €2,425 | €4,492 | ▲ 85.3% |
| Profit (loss) for the period9904 | €8,144 | €11,188 | €8,789 | €5,563 | €448 | ▼ 92.0% |
| Profit (loss) for the period to be appropriated9905 | €8,144 | €11,188 | €8,789 | €5,563 | €448 | ▼ 92.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,943 | €39,100 | €37,358 | €72,255 | €63,824 | ▼ 11.7% |
| Fixed assets21/28 | €30,710 | €26,829 | €26,560 | €49,182 | €42,320 | ▼ 14.0% |
| Tangible fixed assets22/27 | €29,330 | €25,449 | €25,180 | €47,802 | €40,940 | ▼ 14.4% |
| Plant, machinery and equipment23 | - | - | - | €1,269 | €1,042 | ▼ 17.8% |
| Furniture and vehicles24 | €1,682 | €1,221 | €760 | - | - | - |
| Other tangible fixed assets26 | €27,648 | €24,228 | €24,421 | €46,533 | €39,897 | ▼ 14.3% |
| Financial fixed assets28 | €1,380 | €1,380 | €1,380 | €1,380 | €1,380 | = |
| Current assets29/58 | €8,233 | €12,271 | €10,797 | €23,073 | €21,505 | ▼ 6.8% |
| Amounts receivable within one year40/41 | €119 | €2,708 | €1,532 | €7,691 | €6,933 | ▼ 9.8% |
| Trade receivables40 | €119 | - | - | - | - | - |
| Other amounts receivable41 | - | €2,708 | €1,532 | €7,691 | €6,933 | ▼ 9.8% |
| Cash at bank and in hand54/58 | €7,174 | €9,563 | €8,634 | €14,080 | €14,075 | = |
| Deferred charges and accrued income490/1 | €940 | - | €631 | €1,302 | €496 | ▼ 61.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,943 | €39,100 | €37,358 | €72,255 | €63,824 | ▼ 11.7% |
| Equity10/15 | €8,341 | €19,529 | €28,318 | €33,881 | €34,329 | ▲ 1.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | €28,881 | €29,329 | ▲ 1.6% |
| Distributable reserves133 | - | - | - | €28,881 | €29,329 | ▲ 1.6% |
| Profit (loss) carried forward14 | €3,341 | €14,529 | €23,318 | - | - | - |
| Amounts payable17/49 | €30,602 | €19,571 | €9,039 | €38,373 | €29,495 | ▼ 23.1% |
| Amounts payable after more than one year17 | €15,107 | €7,952 | - | €19,078 | €14,321 | ▼ 24.9% |
| Financial debts170/4 | €15,107 | €7,952 | - | €19,078 | €14,321 | ▼ 24.9% |
| Amounts payable within one year42/48 | €15,495 | €11,619 | €9,039 | €19,295 | €15,175 | ▼ 21.4% |
| Current portion of amounts payable after more than one year42 | €6,982 | €7,155 | - | €10,136 | €6,890 | ▼ 32.0% |
| Trade debts44 | €815 | €920 | €8,235 | €2,475 | €2,910 | ▲ 17.6% |
| Suppliers440/4 | €815 | €920 | €8,235 | €2,475 | €2,910 | ▲ 17.6% |
| Taxes, remuneration and social security45 | €3,263 | €3,544 | - | €1,851 | €5,375 | ▲ 190% |
| Taxes450/3 | €3,263 | €3,544 | - | €351 | €3,675 | ▲ 947% |
| Remuneration and social security454/9 | - | - | - | €1,500 | €1,700 | ▲ 13.3% |
| Other amounts payable47/48 | €4,436 | - | €805 | €4,833 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,144 | €11,188 | €8,789 | €5,563 | €448 | ▼ 92.0% |
| + Depreciation and write-downs630 | €3,789 | €3,881 | €3,915 | €7,074 | €6,862 | ▼ 3.0% |
| Operating cash flow (approximation) | €11,933 | €15,069 | €12,704 | €12,638 | €7,310 | ▼ 42.2% |
| Investment in fixed assets (approximation) | - | €0 | -€3,646 | -€29,696 | €0 | ▲ 100% |
| Change in cash | - | €2,389 | -€929 | €5,447 | -€5 | ▼ 100% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Highest result since 2020net €11,188 ▲37.4%
Operating result €11,906, net result €11,188, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Back to profitnet €8,144
Net result €8,144 after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Opwijk · 2 establishment units since 2020
Ground area
797 m²
Building footprint
260 m²
Volume, LiDAR
1,820 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
KLS PROJECT
since 20202.300.631.845
KLS PROJECT
since 20232.351.161.125
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38001E1044/00N014 | Flanders | 535 m² | 1 · 147 m² | 10.3 m · 1 fl. |
| 23060B0461/00B000 | Flanders | 262 m² | 1 · 113 m² | 12.0 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. 2,255 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
Founded31-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
96220Beauty care and other beauty treatments
Contact
E-mail
kelly-vandamme@hotmail.comDe Panne
Phone
0472475536De Panne
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740601829
Also
9925:BE0740601829
Registered
30-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.