Starting capital
€10,000 100 shares
KMSK
Lifetime
1 annual account with figurespeak -€398 (2025)
-€398
lowest -€421 (2025)
-€421
peak €9,579 (2025)
€9,579
€3,632
Board1 name since 2024
1 directorKARMO Karim
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Loss of €421First year with figures
Key points
from the 2025 annual accountsPosition in the sector
72.5%
Higher solvency than 82% of companies in retail trade. Sector median 33.1% · 22,939 companies.
2025 accounts filed 31 days after the deadlineTurnover not published (micro format)
Checked score
69
Healthy
Financially stronger than 66% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.8%
12-2025: 1.9%▲ +0.1 percentage points vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 2.3%▲ +0.4 percentage points vs 01-2026
03-2026: 2.3%● unchanged vs 02-2026
04-2026: 2.6%▲ +0.3 percentage points vs 03-2026
05-2026: 2.9%▲ +0.3 percentage points vs 04-2026highest value
06-2026: 2.9%● unchanged vs 05-2026highest value
07-2026: 2.8%▼ -0.1 percentage points vs 06-2026
08-2026: 2.8%● unchanged vs 07-2026
09-2026: 0.8%▼ -2.0 percentage points vs 08-2026lowest value
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €13,212
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 3.64, cash €5,407
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 47, micro). It does better than 83% of them on solvency, 91% on liquidity and 25% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,145 companies had the same profile as KMSK has now. Each dot stands for 6 companies, two years later.
91.7%
were still trading
5.9%
stopped another way
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KMSK itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,448 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 2,145 companies, not a prediction for KMSK. 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
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.64, above the usual 1.5. Short-term debt is 27.5% and cash 40.9% of total assets. 27.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. 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 · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1015158151
Incorporation
Founding capital of €10,000, 100 shares · Founder: KARMO Karim · Appointment: KARMO Karim (director) · published on 18-10-2024 · Gazette deed
First establishment
Rue du Trieu du Pape 2, Tournai
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KMSK Steenokkerzeel | €13,212 | -€398 | 72.5% | - |
| Arthemille Sint-Katelijne-Waver | €7,907 | -€4,344 | -66.0% | - |
| C & S Solutions Grimbergen | €9,875 | €2,953 | -32.1% | - |
| Tobbe & Ton Aarschot | €44,798 | -€38,860 | -97.6% | - |
| TigerFence Grâce-Hollogne | €35,508 | -€21,561 | -70.1% | - |
| BVolet Herstal | €3,300 | -€718 | 81.8% | - |
| Unit 24 Tielt-Winge | €28,631 | €11,825 | 62.3% | - |
These companies have the same main activity as KMSK: retail trade (NACE 47522). They are comparable in size and age: total assets between €3,300 and €44,800, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 16-10-2024Normal situation
- Activity
- Retail tradeNACE 47522and 3 others
- Establishment unit
- 2.365.445.6617520 Tournai, since 16-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on KMSK
KMSK has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,579 and a net result of -€421.
Its solvency ranks better than 82% of 22,939 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
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 KMSK
- What is the company number of KMSK?
- The company number of KMSK is 1015.158.151. The VAT number is the same number with BE in front: BE 1015.158.151.
- Where is KMSK based?
- The registered office is at Duistboslaan 3, 1820 Steenokkerzeel.Company details
- What does KMSK do?
- According to the KBO register, the main activity is retail trade (NACE 47522).
- What is the legal form of KMSK?
- KMSK is a private limited company (BV).
- When was KMSK founded?
- KMSK was founded on 16-10-2024.
- Is KMSK still active?
- Yes, KMSK is an active enterprise in the KBO register.
- What is the turnover of KMSK?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is KMSK profitable?
- In financial year 2025, KMSK made a loss of €421.
- Where can I find the annual accounts of KMSK?
- KMSK filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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