KN DEVELOPMENT
ActiveSummary
KN DEVELOPMENT has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15.3m) and a net result of €211,300. Equity is shrinking by about 2.9% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- -€15.3m
- Profit
- €211,300
- Largest shareholder
- FIVANCO · 25%
- Holdings
- 2
- David VanbiervlietDirector
- Luc EveraertDirector
Why 54raises riskCapped at 59: negative equityLiquidity: current ratio 0.26, cash €1,833Negative equity -€15.3mFounded in 2006lowers riskSize: total assets €5.3mShow the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, small): better than 1% on solvency, 2% on liquidity, 52% on profitability and 55% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €211,300
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €1,343 in 2025 against €2,236 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 519 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.7% are still going.
- Small
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 519 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 4.8% |
| Non-recurring operating charges66A | - | - | - | - | €0.7m | - | - | - | - |
| Gross operating margin9900 | -€0.001m | -€0.006m | -€0.007m | -€0.001m | -€76 | -€0.002m | -€0.001m | -€197 | ▲ 82.8% |
| Operating profit (loss)9901 | -€0.002m | -€0.007m | -€0.008m | -€0.002m | -€0.7m | -€0.003m | -€0.002m | -€0.001m | ▲ 40.0% |
| Financial income75/76B | - | - | - | €1.6m | €1.5m | €1.2m | €1.5m | €2.6m | ▲ 70.6% |
| Recurring financial income75 | €1.3m | €1.0m | €2.0m | €1.6m | €1.5m | €1.2m | €1.5m | €2.6m | ▲ 70.6% |
| Financial charges65/66B | - | - | - | €2.0m | €1.9m | €1.3m | €2.0m | €2.4m | ▲ 19.1% |
| Recurring financial charges65 | €2.0m | €0.6m | €0.7m | €1.3m | €1.2m | €1.3m | €2.0m | €2.4m | ▲ 19.1% |
| Non-recurring financial charges66B | - | - | - | €0.7m | €0.7m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€0.7m | -€0.4m | €0.08m | -€0.5m | -€1.2m | -€0.1m | -€0.5m | €0.2m | - |
| Profit (loss) for the period9904 | -€0.7m | -€0.4m | €0.08m | -€0.5m | -€1.2m | -€0.1m | -€0.5m | €0.2m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.7m | -€0.4m | €0.08m | -€0.5m | -€1.2m | -€0.1m | -€0.5m | €0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.9m | €7.0m | €5.8m | €6.4m | €6.3m | €6.0m | €6.8m | €5.3m | ▼ 21.0% |
| Fixed assets21/28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €6.9m | €7.0m | €5.8m | €6.4m | €6.3m | €6.0m | €6.8m | €5.3m | ▼ 21.0% |
| Amounts receivable within one year40/41 | €6.9m | €7.0m | €5.8m | €6.4m | €6.3m | €6.0m | €6.8m | €5.3m | ▼ 21.1% |
| Other amounts receivable41 | - | - | - | €6.4m | €6.3m | €6.0m | €6.8m | €5.3m | ▼ 21.1% |
| Cash at bank and in hand54/58 | €0.007m | €0.005m | €0.002m | €0.002m | €0.005m | €0.008m | €293 | €0.002m | ▲ 526% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.9m | €7.0m | €5.8m | €6.4m | €6.3m | €6.0m | €6.8m | €5.3m | ▼ 21.0% |
| Equity10/15 | -€12.9m | -€13.3m | -€13.2m | -€13.7m | -€14.9m | -€15.0m | -€15.5m | -€15.3m | ▲ 1.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€13.0m | -€13.3m | -€13.3m | -€13.7m | -€14.9m | -€15.0m | -€15.5m | -€15.3m | ▲ 1.4% |
| Amounts payable17/49 | €19.9m | €20.3m | €19.0m | €20.1m | €21.2m | €21.0m | €22.3m | €20.6m | ▼ 7.3% |
| Amounts payable within one year42/48 | €19.9m | €20.3m | €19.0m | €20.1m | €21.2m | €21.0m | €22.3m | €20.6m | ▼ 7.3% |
| Trade debts44 | - | - | €0.001m | €0.001m | €112 | €115 | €0.001m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0.001m | €112 | €115 | €0.001m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €20.1m | €21.2m | €21.0m | €22.3m | €20.6m | ▼ 7.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.7m | -€0.4m | €0.08m | -€0.5m | -€1.2m | -€0.1m | -€0.5m | €0.2m | - |
| Operating cash flow (approximation) | -€0.7m | -€0.4m | €0.08m | -€0.5m | -€1.2m | -€0.1m | -€0.5m | €0.2m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€0.003m | -€0.002m | -€0.001m | €0.004m | €0.003m | -€0.008m | €0.002m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00296072 |
| 31-12-2024 | abbreviated format | 25-08-2025 | 2025-00407744 |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00397311 |
| 31-12-2022 | abbreviated format | 19-07-2023 | 2023-00250144 |
| 31-12-2021 | abbreviated format | 12-07-2022 | 2022-20175265 |
| 31-12-2020 | abbreviated format | 23-06-2021 | 2021-23600601 |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27900155 |
| 31-12-2018 | abbreviated format | 09-09-2019 | 2019-63800340 |
| 31-12-2017 | abbreviated format | 19-09-2018 | 2018-63700280 |
| 31-12-2016 | abbreviated format | 04-07-2017 | 2017-29200523 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| David Vanbiervliet |
|
| Luc Everaert |
|
Owners and capital
Owners
1 ownerOwners 1
-
25%
According to the 2025 annual accounts of KN DEVELOPMENT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 14-08-2023 Converted to unavailable equity · €18,600
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- FST Investment LTD.CYsubsidiaryEquity -USD 26.7mResult -USD 847,233100%
- LLC AICUAsubsidiaryEquity UAH 17,100Result -UAH 95,600100%
According to the 2025 annual accounts of KN DEVELOPMENT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-08
Gazette deed
Resignations: David Vanbiervliet (manager) and Luc Everaert (manager)Reappointments: David Vanbiervliet (director) and Luc Everaert (director) · Amendment of the articles · Capital conversion14 facts ▸
- Other provision, 20-07-2023
- General meeting, 19-07-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Capital
- Director resignation, David Vanbiervliet (manager)
- Director resignation, Luc Everaert (manager)
- Director reappointment, David Vanbiervliet (director (not named in the articles))
- Director reappointment, Luc Everaert (director (not named in the articles))
- Other provision, “beroepsverbod” (deed in Dutch) (2 times)
- Other provision, “kwijting ontslagnemende zaakvoerders, volgende jaarvergadering” (deed in Dutch)
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34354D0453/00A000 | Flanders | 2,929 m² | 1 · 156 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle activiteiten als tussenpersoon en alle handelingen in de vastgoedsector alsmede het beheer van onroerend vermogen en de…” (deed in Dutch)
3 activities (deed in Dutch)
- Alle activiteiten als tussenpersoon en alle handelingen in de vastgoedsector alsmede het beheer van onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen zoals het bouwen,verbouwen;onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen,alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
- De vennootschap mag dus en zonder deze opsomming beperkend weze alle onroerende goederen,gebouwen en gronden,aankopen,verkopen,ruilen,huren en verhuren,verkavelen,uitbaten,in waarde brengen,besturen,toezicht uitoefenen,alle studies ontwerpen en plannen opvatten,laten maken en laten uitwerken,optreden als verhurings- en verkoopagent,als bestuurder of gerant,van flatgebouwen of alle vastgoedcomplexen,alle hoegenaamde gebouwen of bouwwerken laten bouwen,afwerken,veranderen,omvormen,onderhouden,herstellen,versieren,opschikken,afbreken;dit alles ter uitsluiting van alle activiteiten die aan een wettelijke erkennings- en inschrijvingsregime onderworpen zijn,en zonder dat deze opsomming beperkend is.
- Allerhande commerciële,industriële,financiële,roerende en onroerende verrichtingen uitvoeren,welke rechtstreeks of onrechtstreeks verband houden met haar voorwerp.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KN DEVELOPMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 31 May at 14:00