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K.M.A.
Lifetime
19 annual accounts with figures on one time axis, 37 filings since 1988peak €157,268 (2018)
€93,527▲ 6.7%
lowest -€91,665 (2024)
-€16,462▲ €75,203
peak €241,581 (2018)
-€77,558▼ €16,462
€903,187▼ 5.4%
Board4 names since 2020
3 directorsAlbert Roggemans and 2 others
Documentsfilings and deeds
10-09-202641 days late
2025abbreviated format
Loss of €16,462Equity from -€61,095 to -€77,558Cash from €4,413 to €173,171
Key points
from the 2025 annual accountsEquity
-€77,558
Debts exceed assets in financial year 2025.
Losses
-€261,135 in six years
Every financial year from 2019 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€903,187 109% of the balance sheet
Financial debts 94%Suppliers 2%Taxes and wages 0%Other 4%
Of this, €93,187 falls due within a year.
Liquidity
3.05 was 1.58 in 2024
Short-term debts fell from €144,290 to €93,187.
Position in the sector
-€77,558
Less equity than 93% of companies in advertising and market research. Sector median €164,018 · 2,097 companies.
2025 accounts filed 41 days after the deadline
Checked score
54
Fair
Financially stronger than 31% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 2.4%▲ +1.2 percentage points vs 12-2024
02-2025: 2.4%● unchanged vs 01-2025
03-2025: 2.5%▲ +0.1 percentage points vs 02-2025
04-2025: 2.2%▼ -0.3 percentage points vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.2%● unchanged vs 05-2025
07-2025: 2.2%● unchanged vs 06-2025
08-2025: 3.1%▲ +0.9 percentage points vs 07-2025highest value
09-2025: 3.1%● unchanged vs 08-2025highest value
10-2025: 3.1%● unchanged vs 09-2025highest value
11-2025: 1.8%▼ -1.3 percentage points vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.8%● unchanged vs 04-2026
06-2026: 1.9%▲ +0.1 percentage points vs 05-2026
07-2026: 2.0%▲ +0.1 percentage points vs 06-2026
08-2026: 2.4%▲ +0.4 percentage points vs 07-2026
09-2026: 2.4%● unchanged vs 08-2026
10-2026: 0.2%▼ -2.2 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Name on a sanctions list
Capped at 59: negative equity
Negative equity -€77,558
Last filed accounts filed 41 days late; 3 of the last 3 accounts late
lowers risk
Size: total assets €829,825
Founded in 1988
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 11% of them on solvency, 67% on liquidity, 23% on profitability and 21% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,242 companies had the same profile as K.M.A. has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of K.M.A. itself is lower: 0.2% within 12 months. It rests on far more data about K.M.A. than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,242 companies, not a prediction for K.M.A.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 3.05 (1.58 in 2024), above the usual 1.5. Short-term debt is 11.2% and cash 20.9% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year -€77,558
raises risk · 2025 accounts filed 41 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
41 days late
2024
61 days late
2022
61 days late
2021
89 days late
2020
17 days late
2019
91 days late
2018
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 56 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Name match with a sanctions list
2 entriesK M A
M K A
A matching name does not mean the company is on the list. Check the entry at the source.
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0434171703
Reappointments: Jean-François MAHIEU (managing director) and Adrien MAHIEU (director)
General meeting of 14-05-2021 · Gazette deed
Resignation: Maxime Mahieu (director)
Appointment: Albert Roggemans (director) · General meeting of 08-05-2020 · Gazette deed
First establishment
Kouter 101, Auderghem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| K.M.A. Auderghem | €829,825 | €93,527 | -9.3% | - |
| VERPAL Puurs-Sint-Amands | €927,820 | €97,877 | 99.1% | - |
| LA CACCIA Pajottegem | €820,804 | €68,748 | 94.0% | - |
| DSD CONSULT Sint-Genesius-Rode | €761,739 | €87,298 | 88.4% | - |
| JACQUEMYN MANAGEMENT Lubbeek | €801,702 | €133,389 | 18.8% | - |
| DROUPA Auderghem | €743,502 | €64,512 | 37.0% | 0.4 |
| BANCO Auderghem | €688,901 | €137,727 | 45.5% | - |
These companies have the same main activity as K.M.A.: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €689,000 and €928,000, founded between 1986 and 1990.
Official details
Source: KBO- Status
- Active since 28-04-1988Normal situation
- Activity
- Market research and public opinion pollingNACE 73200
- Establishment unit
- 2.038.340.2811160 Auderghem, since 31-05-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Insights on K.M.A.
K.M.A. files the abbreviated format. That format states no turnover. The gross margin rose from €34,318 in 2006 to €93,527 in 2025.
The balance sheet grew most in 2011 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about K.M.A.
- What is the company number of K.M.A.?
- The company number of K.M.A. is 0434.171.703. The VAT number is the same number with BE in front: BE 0434.171.703.
- Where is K.M.A. based?
- The registered office is at Kouter 101, 1160 Auderghem.Company details
- What does K.M.A. do?
- According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
- What is the legal form of K.M.A.?
- K.M.A. is a public limited company (NV).
- When was K.M.A. founded?
- K.M.A. was founded on 28-04-1988.
- Is K.M.A. still active?
- Yes, K.M.A. is an active enterprise in the KBO register.
- What is the turnover of K.M.A.?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €93,527 and 44 comparable companies (NACE 73). It probably lies between €180,000 and €340,000.Financials
- Is K.M.A. profitable?
- In financial year 2025, K.M.A. made a loss of €16,462.
- Where can I find the annual accounts of K.M.A.?
- K.M.A. filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of K.M.A. due?
- K.M.A. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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