KM
ActiveSummary
KM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,814 and a net result of €7,663. Equity is shrinking by ~23.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 58% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-50
Solvency89▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.99 against 2.1 in 2024; short-term debt: 33.5% and cash: 96.6% of total assets), and 36.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
63.8%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-08-2026, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
8 d late
2024
30 d late
2023
27 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
69 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 32 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€101,814▲ 8.1%
2024 · €94,151
Total assets
€159,627▼ 11.1%
2024 · €179,489
Net result
€7,663▼ 92.4%
2024 · €100,799
Working capital
€106,164▲ 13.4%
2024 · €93,638
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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-€2,335▼ 383%-€167▲ 92.8%-€7,417▼ 4,338%€143,229€10,663▼ 92.6%
Net result-€4,724below the sector's middle half▼ 27.3%-€3,430below the sector's middle half▲ 27.4%-€10,382below the sector's middle half▼ 203%€100,799above the sector's middle half€7,663within the sector's middle half▼ 92.4%
Equity€7,164below the sector's middle half▼ 39.7%€3,734below the sector's middle half▼ 47.9%-€6,649below the sector's middle half€94,151within the sector's middle half€101,814within the sector's middle half▲ 8.1%
Total assets€130,817within the sector's middle half▼ 10.1%€116,590within the sector's middle half▼ 10.9%€105,855within the sector's middle half▼ 9.2%€179,489within the sector's middle half▲ 69.6%€159,627within the sector's middle half▼ 11.1%
Debt€123,653▼ 7.4%€112,856▼ 8.7%€112,503▼ 0.3%€85,339▼ 24.1%€53,463▼ 37.4%
Working capital-€58,009below the sector's middle half▼ 16.9%-€65,251below the sector's middle half▼ 12.5%-€76,290below the sector's middle half▼ 16.9%€93,638within the sector's middle half€106,164within the sector's middle half▲ 13.4%
Solvency5.5%below the sector's middle half▼ 2.7pp3.2%below the sector's middle half▼ 2.3pp-6.3%below the sector's middle half▼ 9.5pp52.5%within the sector's middle half▲ 58.7pp63.8%within the sector's middle half▲ 11.3pp
Current ratio0.05below the sector's middle half▼ 0.010.05below the sector's middle half=0.08below the sector's middle half▲ 0.032.10within the sector's middle half▲ 2.022.99within the sector's middle half▲ 0.89
Return on assets (ROA)-3.6%below the sector's middle half▼ 1.1pp-2.9%below the sector's middle half▲ 0.7pp-9.8%below the sector's middle half▼ 6.9pp56.2%above the sector's middle half▲ 66.0pp4.8%within the sector's middle half▼ 51.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €159,627
Equity
€101,814 ▲ 8.1%
Provisions
€4,350
Debt
€53,463 ▼ 37.4%
Debt's share of the balance-sheet total falls from 47.5% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.53▼
2024 · 0.91
ROE
7.5%▼
2024 · 107.1%
Debt ≤ 1 year
€53,463▼
2024 · €85,339
Income taxes
€2,934▼
2024 · €42,824
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 10,905 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 | - | - | - | €146,350 | €7,537 | ▼ 94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,601 | €14,601 | €15,048 | €480 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €4,350 | - |
| Other operating charges640/8 | €2,283 | €2,212 | €2,521 | €2,541 | €616 | ▼ 75.8% |
| Gross operating margin9900 | €14,549 | €16,646 | €10,151 | €146,249 | €15,629 | ▼ 89.3% |
| Operating profit (loss)9901 | -€2,335 | -€167 | -€7,417 | €143,229 | €10,663 | ▼ 92.6% |
| Financial income75/76B | €812 | - | - | €3,854 | - | - |
| Recurring financial income75 | €812 | - | - | €3,854 | - | - |
| Financial charges65/66B | €2,279 | €1,858 | €2,505 | €3,460 | €66 | ▼ 98.1% |
| Recurring financial charges65 | €2,279 | €1,858 | €2,505 | €3,460 | €66 | ▼ 98.1% |
| Profit (loss) for the period before taxes9903 | -€3,802 | -€2,025 | -€9,923 | €143,623 | €10,597 | ▼ 92.6% |
| Income taxes67/77 | €922 | €1,405 | €460 | €42,824 | €2,934 | ▼ 93.1% |
| Profit (loss) for the period9904 | -€4,724 | -€3,430 | -€10,382 | €100,799 | €7,663 | ▼ 92.4% |
| Profit (loss) for the period to be appropriated9905 | -€4,724 | -€3,430 | -€10,382 | €100,799 | €7,663 | ▼ 92.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,817 | €116,590 | €105,855 | €179,489 | €159,627 | ▼ 11.1% |
| Fixed assets21/28 | €127,853 | €113,251 | €99,642 | €513 | - | - |
| Tangible fixed assets22/27 | €127,853 | €113,251 | €99,642 | €513 | - | - |
| Land and buildings22 | €109,770 | €104,210 | €98,650 | - | - | - |
| Plant, machinery and equipment23 | €18,083 | - | - | - | - | - |
| Furniture and vehicles24 | - | €9,041 | €992 | €513 | - | - |
| Current assets29/58 | €2,964 | €3,338 | €6,213 | €178,977 | €159,627 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €2,017 | €1,355 | €3,583 | €10,190 | €5,362 | ▼ 47.4% |
| Trade receivables40 | €2,017 | €1,355 | €3,025 | €8,995 | €5,344 | ▼ 40.6% |
| Other amounts receivable41 | - | - | €558 | €1,194 | €18 | ▼ 98.5% |
| Cash at bank and in hand54/58 | €887 | €1,918 | €2,561 | €168,787 | €154,265 | ▼ 8.6% |
| Deferred charges and accrued income490/1 | €60 | €66 | €69 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,817 | €116,590 | €105,855 | €179,489 | €159,627 | ▼ 11.1% |
| Equity10/15 | €7,164 | €3,734 | -€6,649 | €94,151 | €101,814 | ▲ 8.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | - | - | - | - | - |
| Issued capital100 | €20,000 | - | - | - | - | - |
| Reserves13 | - | - | - | €74,151 | €80,064 | ▲ 8.0% |
| Distributable reserves133 | - | - | - | €74,151 | €80,064 | ▲ 8.0% |
| Profit (loss) carried forward14 | -€12,836 | -€16,266 | -€26,649 | - | €1,750 | - |
| Provisions and deferred taxes16 | - | - | - | - | €4,350 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €4,350 | - |
| Other liabilities and charges164/5 | - | - | - | - | €4,350 | - |
| Amounts payable17/49 | €123,653 | €112,856 | €112,503 | €85,339 | €53,463 | ▼ 37.4% |
| Amounts payable after more than one year17 | €62,680 | €44,267 | €30,001 | - | - | - |
| Financial debts170/4 | €62,680 | €44,267 | €30,001 | - | - | - |
| Amounts payable within one year42/48 | €60,973 | €68,589 | €82,503 | €85,339 | €53,463 | ▼ 37.4% |
| Current portion of amounts payable after more than one year42 | €18,256 | €18,413 | €14,266 | - | - | - |
| Trade debts44 | €2,721 | €2,455 | €7,590 | €7,463 | - | - |
| Suppliers440/4 | €2,721 | €2,455 | €7,590 | €7,463 | - | - |
| Taxes, remuneration and social security45 | €2,931 | €3,244 | €2,276 | €501 | €4,383 | ▲ 776% |
| Taxes450/3 | €2,931 | - | €2,276 | €501 | €4,383 | ▲ 776% |
| Remuneration and social security454/9 | - | €3,244 | - | - | - | - |
| Other amounts payable47/48 | €37,065 | €44,477 | €58,371 | €77,375 | €49,080 | ▼ 36.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,724 | -€3,430 | -€10,382 | €100,799 | €7,663 | ▼ 92.4% |
| + Depreciation and write-downs630 | €14,601 | €14,601 | €15,048 | €480 | - | - |
| Operating cash flow (approximation) | €9,877 | €11,171 | €4,666 | €101,279 | €7,663 | ▼ 92.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,439 | €98,650 | - | - |
| Change in cash | - | €1,031 | €643 | €166,226 | -€14,522 | ▼ 109% |
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
08-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
31-12
Financial
Equity above €100,000Eq €101,814 ▲8.1%
2 profitable years in a row build equity to €101,814.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €100,799
Net result €100,799 after 5 loss-making years.
31-12
Financial
Liquidity times 28current ratio 2.10
Current ratio from 0.08 to 2.10.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€10,382
Net result drops to -€10,382, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 180 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
12-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 12 days late
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, Ieper · 1 establishment unit since 2007
Ground area
1,692 m²
Building footprint
525 m²
Volume, LiDAR
5,856 m³
2 parcels, Brussels, Flanders · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KARANGWA
since 20072.165.984.363
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003A0159/00D003 | Flanders | 1,048 m² | 1 · 248 m² | 8.4 m · 2 fl. |
| 21392A0068/00A007 | Brussels | 644 m² | 1 · 277 m² | 20.0 m · 6 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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Of 82,641 companies in sector 70200 we hold annual accounts for 52,623. 40,628 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
Founded15-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
69109Other legal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892801658
Also
9925:BE0892801658
Registered
15-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.