KMA CONSTRUCT
ActiveSummary
KMA CONSTRUCT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237k and a net result of €39k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-22
Solvency58▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 2.23 in 2024; short-term debt: 40.9% and cash: 11.8% of total assets), but 67.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
32.9%
Return on assets
5.4%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
31 d late
2023
49 d early
2022
70 d late
2021
82 d late
2020
83 d late
2019
75 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39k▼ 63.7%
2024 · €106k
2018: €14k
2019: €22k▲ +51.3% vs 2018
2020: €52k▲ +137% vs 2019
2021: €37k▼ -28.2% vs 2020
2022: €-194k▼ -622% vs 2021lowest in 8 years
2023: €30k▲ +115% vs 2022
2024: €106k▲ +257% vs 2023highest in 8 years
2025: €39k▼ -63.7% vs 2024
2018 → 2025
Working capital
€151k▼ 31.5%
2024 · €220k
2018: €58k
2019: €-35k▼ -161% vs 2018lowest in 8 years
2020: €171k▲ +581% vs 2019
2021: €259k▲ +51.5% vs 2020highest in 8 years
2022: €105k▼ -59.2% vs 2021
2023: €196k▲ +86.4% vs 2022
2024: €220k▲ +12.0% vs 2023
2025: €151k▼ -31.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€272k-€70k▼ 74.3%€92k▲ 31.3%€198k▲ 116%€237k▲ 19.5%
2021: €272khighest in 5 years
2022: €70k▼ -74.3% vs 2021lowest in 5 years
2023: €92k▲ +31.3% vs 2022
2024: €198k▲ +116% vs 2023
2025: €237k▲ +19.5% vs 2024
Operating result€60k-€-190k€32k€124k▲ 291%€57k▼ 54.2%
2021: €60k
2022: €-190k▼ -418% vs 2021lowest in 5 years
2023: €32k▲ +117% vs 2022
2024: €124k▲ +291% vs 2023highest in 5 years
2025: €57k▼ -54.2% vs 2024
Net result€37k-€-194k€30k€106k▲ 257%€39k▼ 63.7%
2021: €37k
2022: €-194k▼ -622% vs 2021lowest in 5 years
2023: €30k▲ +115% vs 2022
2024: €106k▲ +257% vs 2023highest in 5 years
2025: €39k▼ -63.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €720k
Fixed assets
€274k ▲ 289%
Current assets
€445k ▲ 11.4%
Equity and liabilities €720k
Equity
€237k ▲ 19.5%
Debt
€483k ▲ 77.4%
Debt's share of the balance-sheet total rises from 57.9% to 67.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▼
2024 · €160k
Cash flow
€62k▼
2024 · €142k
Current ratio
1.51▼
2024 · 2.23
Quick ratio
1.41▼
2024 · 2.06
Debt to equity
2.04▲
2024 · 1.38
ROE
16.3%▼
2024 · 53.7%
ROA
5.4%▼
2024 · 22.6%
Interest coverage
8.82▼
2024 · 16.44
Debt ≤ 1 year
€294k▲
2024 · €180k
Debt > 1 year
€189k▲
2024 · €93k
Income taxes
€10k▲
2024 · €9k
Staff costs
€192k▲
2024 · €184k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€470k€720k▲
Fixed assets21/28€71k€274k▲
Tangible fixed assets22/27€49k€253k▲
Land and buildings22-€208k
Plant, machinery and equipment23€5k€13k▲
Furniture and vehicles24€33k€27k▼
Leasing and similar rights25€11k€4k▼
Financial fixed assets28€22k€22k=
Current assets29/58€400k€445k▲
Stocks and contracts in progress3€30k€30k=
Stocks30/36€30k€30k=
Amounts receivable within one year40/41€283k€314k▲
Trade receivables40€213k€247k▲
Other amounts receivable41€70k€67k▼
Cash at bank and in hand54/58€79k€85k▲
Deferred charges and accrued income490/1€8k€15k▲
Equity and liabilities
Total equity and liabilities10/49€470k€720k▲
Equity10/15€198k€237k▲
Contributions10/11€19k€19k=
Reserves13€179k€218k▲
Distributable reserves133€179k€218k▲
Amounts payable17/49€272k€483k▲
Amounts payable after more than one year17€93k€189k▲
Financial debts170/4€93k€189k▲
Amounts payable within one year42/48€180k€294k▲
Current portion of amounts payable after more than one year42€92k€113k▲
Trade debts44€62k€162k▲
Suppliers440/4€62k€162k▲
Taxes, remuneration and social security45€25k€19k▼
Taxes450/3€9k€10k▲
Remuneration and social security454/9€16k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€184k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€23k▼
Other operating charges640/8€4k€37k▲
Gross operating margin9900€348k€309k▼
Operating profit (loss)9901€124k€57k▼
Financial income75/76B€472€649▲
Recurring financial income75€472€649▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€115k€49k▼
Income taxes67/77€9k€10k▲
Profit (loss) for the period9904€106k€39k▼
Profit (loss) for the period to be appropriated9905€106k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89k€39k▼
Profit (loss) brought forward from the previous period14P€-18k-
Transfer to equity691/2€89k€39k▼
To other reserves6921€89k€39k▼
Social balance
Average headcount (FTE)90874.24.3▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €210k | €243k | €209k | €184k | €192k | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156k | €168k | €168k | €35k | €23k | ▼ 33.6% |
| Other operating charges640/8 | €12k | €10k | €15k | €4k | €37k | ▲ 945% |
| Gross operating margin9900 | €437k | €232k | €423k | €348k | €309k | ▼ 11.1% |
| Operating profit (loss)9901 | €60k | €-190k | €32k | €124k | €57k | ▼ 54.2% |
| Financial income75/76B | €8k | €8k | €9k | €472 | €649 | ▲ 37.4% |
| Recurring financial income75 | €8k | €8k | €9k | €472 | €649 | ▲ 37.4% |
| Financial charges65/66B | €10k | €13k | €10k | €10k | €9k | ▼ 6.1% |
| Recurring financial charges65 | €10k | €13k | €10k | €10k | €9k | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €57k | €-194k | €30k | €115k | €49k | ▼ 57.8% |
| Income taxes67/77 | €20k | - | - | €9k | €10k | ▲ 12.8% |
| Profit (loss) for the period9904 | €37k | €-194k | €30k | €106k | €39k | ▼ 63.7% |
| Profit (loss) for the period to be appropriated9905 | €37k | €-194k | €30k | €106k | €39k | ▼ 63.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €834k | €611k | €496k | €470k | €720k | ▲ 53.0% |
| Fixed assets21/28 | €347k | €240k | €81k | €71k | €274k | ▲ 289% |
| Tangible fixed assets22/27 | €345k | €238k | €79k | €49k | €253k | ▲ 416% |
| Land and buildings22 | €732 | €366 | - | - | €208k | - |
| Plant, machinery and equipment23 | €28k | €21k | €13k | €5k | €13k | ▲ 165% |
| Furniture and vehicles24 | €24k | €62k | €49k | €33k | €27k | ▼ 19.2% |
| Leasing and similar rights25 | €292k | €155k | €17k | €11k | €4k | ▼ 58.6% |
| Financial fixed assets28 | €2k | €2k | €2k | €22k | €22k | = |
| Current assets29/58 | €487k | €371k | €415k | €400k | €445k | ▲ 11.4% |
| Amounts receivable after more than one year29 | - | €20k | - | - | - | - |
| Trade receivables290 | - | €20k | - | - | - | - |
| Stocks and contracts in progress3 | €30k | €30k | €30k | €30k | €30k | = |
| Stocks30/36 | €30k | €30k | €30k | €30k | €30k | = |
| Amounts receivable within one year40/41 | €235k | €167k | €275k | €283k | €314k | ▲ 11.1% |
| Trade receivables40 | €176k | €126k | €216k | €213k | €247k | ▲ 15.9% |
| Other amounts receivable41 | €59k | €42k | €60k | €70k | €67k | ▼ 3.5% |
| Cash at bank and in hand54/58 | €209k | €146k | €97k | €79k | €85k | ▲ 8.2% |
| Deferred charges and accrued income490/1 | €12k | €7k | €12k | €8k | €15k | ▲ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €834k | €611k | €496k | €470k | €720k | ▲ 53.0% |
| Equity10/15 | €272k | €70k | €92k | €198k | €237k | ▲ 19.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | €19k | €19k | - | - | - |
| Other1109/19 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €124k | €124k | €91k | €179k | €218k | ▲ 21.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €122k | €122k | €89k | €179k | €218k | ▲ 21.5% |
| Profit (loss) carried forward14 | €113k | €-81k | €-18k | - | - | - |
| Investment grants15 | €16k | €8k | - | - | - | - |
| Amounts payable17/49 | €563k | €541k | €404k | €272k | €483k | ▲ 77.4% |
| Amounts payable after more than one year17 | €334k | €276k | €185k | €93k | €189k | ▲ 104% |
| Financial debts170/4 | €334k | €276k | €185k | €93k | €189k | ▲ 104% |
| Amounts payable within one year42/48 | €228k | €266k | €219k | €180k | €294k | ▲ 63.9% |
| Current portion of amounts payable after more than one year42 | €78k | €89k | €91k | €92k | €113k | ▲ 22.8% |
| Trade debts44 | €116k | €136k | €95k | €62k | €162k | ▲ 162% |
| Suppliers440/4 | €116k | €136k | €95k | €62k | €162k | ▲ 162% |
| Taxes, remuneration and social security45 | €35k | €27k | €32k | €25k | €19k | ▼ 23.9% |
| Taxes450/3 | €26k | €23k | €552 | €9k | €10k | ▲ 3.2% |
| Remuneration and social security454/9 | €9k | €4k | €31k | €16k | €10k | ▼ 40.1% |
| Other amounts payable47/48 | €105 | €14k | €2k | - | - | - |
| Accrued charges and deferred income492/3 | €21 | - | €826 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €-194k | €30k | €106k | €39k | ▼ 63.7% |
| + Depreciation and write-downs630 | €156k | €168k | €168k | €35k | €23k | ▼ 33.6% |
| Operating cash flow (approximation) | €193k | €-25k | €198k | €142k | €62k | ▼ 56.2% |
| Investment in fixed assets (approximation) | - | €-61k | €-9k | €-25k | €-227k | ▼ 817% |
| Change in cash | - | €-64k | €-49k | €-18k | €6k | ▲ 136% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Equity above €200kEq €237k ▲19.5%
3 profitable years in a row build equity to €237k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €106k ▲257%
Operating result €124k, net result €106k, both a record.
31-12
Financial
Equity above €150kEq €198k ▲116%
2 profitable years in a row build equity to €198k.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet €-194k
Net result drops to €-194k, the lowest in the series; recovery starts the following year.
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 82 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 83 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.95
Current ratio from 0.92 to 1.95; short-term debt falls from €441k to €180k.
Show earlier events
31-12
Financial
Equity above €200kEq €242k ▲116%
3 profitable years in a row build equity to €242k.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 75 days late
2019
31-12
Financial
Equity above €100kEq €112k ▲24.2%
2 profitable years in a row build equity to €112k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Bernissart · 1 establishment unit since 2013
Ground area
4,697 m²
Building footprint
208 m²
Volume, LiDAR
1,429 m³
Parcel 51522A0004/00E010, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Charbonniers(V.P) 2, 7322 Bernissart
since 20132.219.476.695
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51522A0004/00E010 | Wallonia | 4,697 m² | 1 · 208 m² | 9.1 m · 2 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 29,787 companies in sector 41001 we hold annual accounts for 16,036. 11,656 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
Founded06-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
41002Construction of residential and non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.