KMS
ActiveSummary
The computed 12-month bankruptcy probability of KMS is 2.2% (moderate). The 2025 annual accounts show equity of €324k and a net result of €428k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 16% of 1865 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+4
Solvency35▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.59 in 2024; short-term debt: 57.4% and cash: 0% of total assets), and 90% of the assets are financed with debt.
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Signals
Seven 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
10%
Return on assets
13.2%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1865 sector peers (2025).
NBB · sector comparisonPosition among 1865 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
70 d late
2023
30 d late
2022
31 d late
2021
13 d early
2020
31 d late
2019
31 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€428k▲ 50.7%
2024 · €284k
Working capital
€-786k▼ 16.2%
2024 · €-676k
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€128k▲ 49.6%€402k▲ 213%€833k▲ 108%€451k▼ 45.8%€603k▲ 33.7%
Net result€63k▲ 85.4%€209k▲ 235%€499k▲ 138%€284k▼ 43.0%€428k▲ 50.7%
Equity€368k▲ 20.4%€578k▲ 56.8%€658k▲ 13.9%€496k▼ 24.7%€324k▼ 34.6%
Total assets€2.34M▲ 19.0%€2.45M▲ 4.5%€2.90M▲ 18.3%€2.81M▼ 2.8%€3.25M▲ 15.6%
Debt€1.97M▲ 18.7%€1.87M▼ 5.2%€2.24M▲ 19.7%€2.32M▲ 3.6%€2.93M▲ 26.4%
Working capital€-910k▼ 108%€-393k▲ 56.8%€-434k▼ 10.4%€-676k▼ 55.8%€-786k▼ 16.2%
Staff (FTE)27.8▲ 1.8%29.2▲ 5.0%25.5▼ 12.7%26.5▲ 3.9%30.5▲ 15.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.25M
Fixed assets
€2.17M ▲ 19.2%
Current assets
€1.08M ▲ 9.0%
Equity and liabilities €3.25M
Equity
€324k ▼ 34.6%
Debt
€2.93M ▲ 26.4%
Debt's share of the balance-sheet total rises from 82.4% to 90.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.05M▲
2024 · €835k
Cash flow
€877k▲
2024 · €668k
Current ratio
0.58▼
2024 · 0.59
Debt to equity
9.04▲
2024 · 4.68
ROE
132.3%▲
2024 · 57.4%
ROA
13.2%▲
2024 · 10.1%
Interest coverage
20.27▲
2024 · 18.05
Debt ≤ 1 year
€1.87M▲
2024 · €1.67M
Debt > 1 year
€885k▲
2024 · €649k
Income taxes
€123k▲
2024 · €121k
Staff costs
€1.94M▲
2024 · €1.57M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €760 | - | - | - | - |
| Remuneration, social security and pensions62 | €1.42M | €1.38M | €1.35M | €1.57M | €1.94M | ▲ 23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €487k | €337k | €405k | €384k | €449k | ▲ 17.0% |
| Other operating charges640/8 | €37k | €111k | €43k | €59k | €29k | ▼ 51.1% |
| Non-recurring operating charges66A | €21k | €56k | - | - | - | - |
| Gross operating margin9900 | €2.09M | €2.29M | €2.63M | €2.46M | €3.02M | ▲ 22.6% |
| Operating profit (loss)9901 | €128k | €402k | €833k | €451k | €603k | ▲ 33.7% |
| Financial income75/76B | €62 | €1k | €105 | €0 | €141 | ▲ 141,000% |
| Recurring financial income75 | €62 | €1k | €105 | €0 | €141 | ▲ 141,000% |
| Financial charges65/66B | €46k | €102k | €182k | €46k | €52k | ▲ 12.2% |
| Recurring financial charges65 | €46k | €102k | €182k | €46k | €52k | ▲ 12.2% |
| Profit (loss) for the period before taxes9903 | €82k | €301k | €651k | €405k | €552k | ▲ 36.2% |
| Income taxes67/77 | €20k | €91k | €152k | €121k | €123k | ▲ 2.1% |
| Profit (loss) for the period9904 | €63k | €209k | €499k | €284k | €428k | ▲ 50.7% |
| Profit (loss) for the period to be appropriated9905 | €63k | €209k | €499k | €284k | €428k | ▲ 50.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.34M | €2.45M | €2.90M | €2.81M | €3.25M | ▲ 15.6% |
| Fixed assets21/28 | €1.62M | €1.35M | €1.75M | €1.82M | €2.17M | ▲ 19.2% |
| Tangible fixed assets22/27 | €1.14M | €909k | €1.31M | €1.38M | €1.73M | ▲ 25.2% |
| Land and buildings22 | €317k | €356k | €343k | €330k | €317k | ▼ 3.9% |
| Plant, machinery and equipment23 | €713 | €498 | €284 | €69 | - | - |
| Furniture and vehicles24 | €331k | €269k | €155k | €444k | €305k | ▼ 31.3% |
| Leasing and similar rights25 | €482k | €279k | €808k | €605k | €1.11M | ▲ 82.8% |
| Other tangible fixed assets26 | €7k | €5k | €3k | €1k | €181 | ▼ 86.1% |
| Financial fixed assets28 | €485k | €440k | €441k | €440k | €443k | ▲ 0.5% |
| Current assets29/58 | €718k | €1.10M | €1.14M | €993k | €1.08M | ▲ 9.0% |
| Amounts receivable after more than one year29 | €8k | - | - | - | - | - |
| Trade receivables290 | €8k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €676k | €991k | €890k | €982k | €584k | ▼ 40.5% |
| Trade receivables40 | €381k | €787k | €742k | €790k | €400k | ▼ 49.4% |
| Other amounts receivable41 | €295k | €203k | €148k | €193k | €184k | ▼ 4.2% |
| Cash at bank and in hand54/58 | €34k | €105k | €205k | €40 | €90 | ▲ 127% |
| Deferred charges and accrued income490/1 | €607 | €2k | €49k | €10k | €498k | ▲ 4,726% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.34M | €2.45M | €2.90M | €2.81M | €3.25M | ▲ 15.6% |
| Equity10/15 | €368k | €578k | €658k | €496k | €324k | ▼ 34.6% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Reserves13 | €92k | €192k | €250k | €260k | €260k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €90k | €190k | €250k | €260k | €260k | = |
| Profit (loss) carried forward14 | €258k | €367k | €388k | €215k | €44k | ▼ 79.8% |
| Amounts payable17/49 | €1.97M | €1.87M | €2.24M | €2.32M | €2.93M | ▲ 26.4% |
| Amounts payable after more than one year17 | €344k | €379k | €659k | €649k | €885k | ▲ 36.4% |
| Financial debts170/4 | €344k | €379k | €659k | €649k | €885k | ▲ 36.4% |
| Amounts payable within one year42/48 | €1.63M | €1.49M | €1.58M | €1.67M | €1.87M | ▲ 12.0% |
| Current portion of amounts payable after more than one year42 | €449k | €280k | €320k | €486k | €472k | ▼ 3.0% |
| Financial debts43 | €24k | €50k | €61k | €44k | €58k | ▲ 31.3% |
| Credit institutions430/8 | €24k | €50k | €61k | €44k | €58k | ▲ 31.3% |
| Trade debts44 | €793k | €794k | €787k | €721k | €860k | ▲ 19.3% |
| Suppliers440/4 | €793k | €751k | €787k | €721k | €860k | ▲ 19.3% |
| Bills of exchange payable441 | - | €43k | - | - | - | - |
| Taxes, remuneration and social security45 | €284k | €300k | €306k | €268k | €388k | ▲ 44.7% |
| Taxes450/3 | €120k | €150k | €174k | €116k | €159k | ▲ 37.2% |
| Remuneration and social security454/9 | €165k | €150k | €132k | €152k | €229k | ▲ 50.5% |
| Other amounts payable47/48 | €78k | €66k | €103k | €149k | €90k | ▼ 39.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €175k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €209k | €499k | €284k | €428k | ▲ 50.7% |
| + Depreciation and write-downs630 | €487k | €337k | €405k | €384k | €449k | ▲ 17.0% |
| Operating cash flow (approximation) | €549k | €546k | €904k | €668k | €877k | ▲ 31.3% |
| Investment in fixed assets (approximation) | - | €-64k | €-806k | €-453k | €-799k | ▼ 76.4% |
| Change in cash | - | €71k | €100k | €-205k | €51 | ▲ 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 70 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €499k ▲138%
Operating result €833k, net result €499k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €578k ▲56.8%
5 profitable years in a row build equity to €578k.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €7k ▼65.5%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Anderlecht · 2 establishment units since 2010
Ground area
1.0 ha
Building footprint
6,188 m²
Volume, LiDAR
80,158 m³
2 parcels, Brussels, Flanders · tallest building 28.4 m, ±7 floors. Linked by address, not a title deed.
220
companies at this address
See who is registered here
2 establishment units
KMS
since 20102.239.388.223
KMS
since 20202.309.541.492
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0289/00B004 | Brussels | 9,782 m² | 1 · 4,538 m² | 28.4 m · 7 fl. |
| 23095B0237/00A000 | Flanders | 483 m² | 1 · 1,650 m² | 5.7 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900KXCR72O9FS1H62
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,199. 5,769 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
Founded18-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.