kN-projects
ActiveSummary
kN-projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27,435 and a net result of €23,466. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+28
Solvency50▲+17
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 0.84 in 2023; short-term debt: 41.4% and cash: 33.5% of total assets), and 74.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.1%
Return on assets
21.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11613 sector peers (2024).
NBB · sector comparisonPosition among 11613 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €27,435
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
77 d late
2023
on the day
2022
34 d early
2021
6 d early
2020
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€27,435▲ 393%
2023 · €5,569
Total assets
€109,233▲ 63.5%
2023 · €66,815
Net result
€23,466
2023 · -€431
Working capital
€14,657
2023 · -€9,015
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
Line20202021202220232024
Operating result€44,950-€24,904▼ 44.6%€23,947▼ 3.8%-€95€31,518
Net result€35,202-€19,574▼ 44.4%€19,246▼ 1.7%-€431€23,466
Equity€41,202-€60,776▲ 47.5%€6,000▼ 90.1%€5,569▼ 7.2%€27,435▲ 393%
Total assets€89,014-€98,855▲ 11.1%€105,749▲ 7.0%€66,815▼ 36.8%€109,233▲ 63.5%
Debt€47,812-€38,079▼ 20.4%€99,749▲ 162%€61,245▼ 38.6%€81,798▲ 33.6%
Working capital€21,155-€39,767▲ 88.0%-€17,593-€9,015▲ 48.8%€14,657
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €31,518 after a loss of €95 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €109,233
Fixed assets
€49,405 ▲ 158%
Current assets
€59,828 ▲ 25.6%
Equity and liabilities €109,233
Equity
€27,435 ▲ 393%
Debt
€81,798 ▲ 33.6%
Debt's share of the balance-sheet total falls from 91.7% to 74.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,722▲
2023 · €12,624
Cash flow
€33,670▲
2023 · €12,288
Current ratio
1.32▲
2023 · 0.84
Debt to equity
2.98▼
2023 · 11.00
ROE
85.5%▲
2023 · -7.7%
ROA
21.5%▲
2023 · -0.6%
Interest coverage
29.28▼
2023 · 77.17
Debt ≤ 1 year
€45,171▼
2023 · €56,648
Debt > 1 year
€36,627▲
2023 · €4,598
Income taxes
€6,628▲
2023 · €172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,703 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,285 | €10,089 | €11,625 | €12,719 | €10,204 | ▼ 19.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,120 | - |
| Other operating charges640/8 | - | €1,300 | €763 | €695 | €1,446 | ▲ 108% |
| Gross operating margin9900 | €60,440 | €36,293 | €36,334 | €13,319 | €44,288 | ▲ 233% |
| Operating profit (loss)9901 | €44,950 | €24,904 | €23,947 | -€95 | €31,518 | ▲ 33,403% |
| Financial income75/76B | - | €395 | €442 | - | €1 | - |
| Recurring financial income75 | €193 | €395 | €442 | - | €1 | - |
| Financial charges65/66B | - | €348 | €273 | €164 | €1,425 | ▲ 771% |
| Recurring financial charges65 | €941 | €348 | €273 | €164 | €1,425 | ▲ 771% |
| Profit (loss) for the period before taxes9903 | €44,202 | €24,951 | €24,116 | -€258 | €30,094 | ▲ 11,754% |
| Income taxes67/77 | €9,000 | €5,377 | €4,870 | €172 | €6,628 | ▲ 3,747% |
| Profit (loss) for the period9904 | €35,202 | €19,574 | €19,246 | -€431 | €23,466 | ▲ 5,551% |
| Profit (loss) for the period to be appropriated9905 | €35,202 | €19,574 | €19,246 | -€431 | €23,466 | ▲ 5,551% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,014 | €98,855 | €105,749 | €66,815 | €109,233 | ▲ 63.5% |
| Fixed assets21/28 | €42,802 | €34,732 | €28,191 | €19,182 | €49,405 | ▲ 158% |
| Intangible fixed assets21 | - | - | €1,251 | €948 | €645 | ▼ 32.0% |
| Tangible fixed assets22/27 | €42,802 | €34,732 | €26,939 | €18,234 | €48,760 | ▲ 167% |
| Plant, machinery and equipment23 | - | €11,886 | €12,109 | €9,994 | €11,087 | ▲ 10.9% |
| Furniture and vehicles24 | - | €22,846 | €14,830 | €8,240 | €5,442 | ▼ 34.0% |
| Other tangible fixed assets26 | - | - | - | - | €32,232 | - |
| Current assets29/58 | €46,212 | €64,123 | €77,558 | €47,633 | €59,828 | ▲ 25.6% |
| Amounts receivable after more than one year29 | - | €14,795 | €15,744 | - | - | - |
| Other amounts receivable291 | - | €14,795 | €15,744 | - | - | - |
| Amounts receivable within one year40/41 | €664 | €9,801 | €11,307 | €17,379 | €12,289 | ▼ 29.3% |
| Trade receivables40 | - | €9,452 | €11,307 | €17,379 | €12,229 | ▼ 29.6% |
| Other amounts receivable41 | - | €350 | - | - | €60 | - |
| Cash at bank and in hand54/58 | €32,268 | €37,883 | €50,076 | €30,253 | €36,563 | ▲ 20.9% |
| Deferred charges and accrued income490/1 | - | €1,643 | €432 | - | €10,976 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,014 | €98,855 | €105,749 | €66,815 | €109,233 | ▲ 63.5% |
| Equity10/15 | €41,202 | €60,776 | €6,000 | €5,569 | €27,435 | ▲ 393% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | - | - | - | - | €21,435 | - |
| Distributable reserves133 | - | - | - | - | €21,435 | - |
| Profit (loss) carried forward14 | €35,202 | €54,776 | - | -€431 | - | - |
| Amounts payable17/49 | €47,812 | €38,079 | €99,749 | €61,245 | €81,798 | ▲ 33.6% |
| Amounts payable after more than one year17 | €22,756 | €13,723 | €4,598 | €4,598 | €36,627 | ▲ 697% |
| Financial debts170/4 | - | €13,723 | €4,598 | €4,598 | €36,627 | ▲ 697% |
| Amounts payable within one year42/48 | €25,056 | €24,356 | €95,151 | €56,648 | €45,171 | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | - | €9,033 | €9,126 | - | - | - |
| Trade debts44 | €1,656 | €2,617 | €289 | €1,674 | €513 | ▼ 69.3% |
| Suppliers440/4 | - | €2,617 | €289 | €1,674 | €513 | ▼ 69.3% |
| Taxes, remuneration and social security45 | - | €12,706 | €11,715 | €9,143 | €14,578 | ▲ 59.4% |
| Taxes450/3 | - | €12,706 | €11,715 | €9,143 | €12,174 | ▲ 33.2% |
| Remuneration and social security454/9 | - | - | - | - | €2,403 | - |
| Other amounts payable47/48 | - | - | €74,022 | €45,831 | €30,080 | ▼ 34.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,202 | €19,574 | €19,246 | -€431 | €23,466 | ▲ 5,551% |
| + Depreciation and write-downs630 | €14,285 | €10,089 | €11,625 | €12,719 | €10,204 | ▼ 19.8% |
| Operating cash flow (approximation) | €49,486 | €29,664 | €30,870 | €12,288 | €33,670 | ▲ 174% |
| Investment in fixed assets (approximation) | - | -€2,019 | -€5,083 | -€3,710 | -€40,427 | ▼ 990% |
| Change in cash | - | €5,615 | €12,193 | -€19,822 | €6,310 | ▲ 132% |
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
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
31-12
Financial
Back to profitnet €23,466
Net result €23,466 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€431
Net result drops to -€431, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brecht · 1 establishment unit since 2019
Ground area
1,163 m²
Building footprint
127 m²
Volume, LiDAR
589 m³
Parcel 11333D0717/00H000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
kN-projects
since 20192.291.037.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0717/00H000 | Flanders | 1,163 m² | 1 · 127 m² | 7.4 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 3,924 companies in sector 71112 we hold annual accounts for 1,294. 1,021 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
Founded14-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
74999Other professional, scientific and technical activities
Contact
E-mail
nathalie@kN-projects.be
Phone
0474 800 494
Fax
03 297 60 24
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728488311
Also
9925:BE0728488311
Registered
16-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.