KNG TECHNICS
InactiveKNG TECHNICS was declared bankrupt on 14-03-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 16-12-2025, published in the Belgian State Gazette on 23-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 17-08-2023, 17 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
17 d late
2021
89 d late
2020
101 d late
2019
74 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€5k
2021 · €-61k
2019: €21khighest in 4 years
2020: €-87k▼ -524% vs 2019lowest in 4 years
2021: €-61k▲ +29.4% vs 2020
2022: €5k▲ +109% vs 2021
2019 → 2022
Total assets
€254k▲ 28.0%
2021 · €199k
2019: €164klowest in 4 years
2020: €237k▲ +44.7% vs 2019
2021: €199k▼ -16.1% vs 2020
2022: €254k▲ +28.0% vs 2021highest in 4 years
2019 → 2022
Net result
€67k▲ 160%
2021 · €26k
2019: €2k
2020: €-108k▼ -5580% vs 2019lowest in 4 years
2021: €26k▲ +124% vs 2020
2022: €67k▲ +160% vs 2021highest in 4 years
2019 → 2022
Working capital
€29k
2021 · €-11k
2019: €11k
2020: €-11k▼ -193% vs 2019
2021: €-11k▼ -6.9% vs 2020lowest in 4 years
2022: €29k▲ +359% vs 2021highest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€21k-€-87k€-61k▲ 29.4%€5k
2019: €21khighest in 4 years
2020: €-87k▼ -524% vs 2019lowest in 4 years
2021: €-61k▲ +29.4% vs 2020
2022: €5k▲ +109% vs 2021
Operating result€8k-€-99k€37k€74k▲ 98.4%
2019: €8k
2020: €-99k▼ -1382% vs 2019lowest in 4 years
2021: €37k▲ +138% vs 2020
2022: €74k▲ +98.4% vs 2021highest in 4 years
Net result€2k-€-108k€26k€67k▲ 160%
2019: €2k
2020: €-108k▼ -5580% vs 2019lowest in 4 years
2021: €26k▲ +124% vs 2020
2022: €67k▲ +160% vs 2021highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 98% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €254k
Fixed assets
€32k ▼ 30.9%
Current assets
€222k ▲ 45.7%
Equity and liabilities €254k
Equity
€5k
Debt
€249k
Debt finances 97.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€89k▲
2021 · €51k
Cash flow
€82k▲
2021 · €39k
Current ratio
1.15▲
2021 · 0.93
Debt to equity
46.64▲
2021 · -4.23
ROA
26.3%▲
2021 · 12.9%
Interest coverage
11.76▲
2021 · 4.50
Debt ≤ 1 year
€193k▲
2021 · €164k
Debt > 1 year
€56k▼
2021 · €96k
Income taxes
€0▼
2021 · €452
Staff costs
€0▼
2021 · €6k
A ratio outside any meaningful range has been withheld (balance sheet total €254k, equity €5k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 42 lines
Balance sheet
Code20212022
Assets
Total assets20/58€199k€254k▲
Fixed assets21/28€46k€32k▼
Tangible fixed assets22/27€46k€32k▼
Furniture and vehicles24€46k€32k▼
Current assets29/58€153k€222k▲
Amounts receivable within one year40/41€153k€222k▲
Trade receivables40€94k€151k▲
Other amounts receivable41€59k€71k▲
Equity and liabilities
Total equity and liabilities10/49€199k€254k▲
Equity10/15€-61k€5k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-80k€-13k▲
Amounts payable17/49€260k€249k▼
Amounts payable after more than one year17€96k€56k▼
Financial debts170/4€96k€56k▼
Amounts payable within one year42/48€164k€193k▲
Current portion of amounts payable after more than one year42€26k€27k▲
Financial debts43€34k€39k▲
Credit institutions430/8€34k€39k▲
Trade debts44€84k€105k▲
Suppliers440/4€84k€105k▲
Taxes, remuneration and social security45€622€2k▲
Taxes450/3-€5
Remuneration and social security454/9€622€2k▲
Other amounts payable47/48€20k€21k▲
Income statement
Code20212022
Remuneration, social security and pensions62€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€15k▲
Other operating charges640/8€2k€8k▲
Non-recurring operating charges66A-€8k
Gross operating margin9900€58k€105k▲
Operating profit (loss)9901€37k€74k▲
Financial income75/76B€7€204▲
Recurring financial income75€7€204▲
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€26k€67k▲
Income taxes67/77€452€0▼
Profit (loss) for the period9904€26k€67k▲
Profit (loss) for the period to be appropriated9905€26k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-80k€-13k▲
Profit (loss) brought forward from the previous period14P€-106k€-80k▲
Transfer from equity791/2€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | €13k | €15k | ▲ 12.1% |
| Other operating charges640/8 | - | - | €2k | €8k | ▲ 332% |
| Non-recurring operating charges66A | - | - | - | €8k | - |
| Gross operating margin9900 | €144k | €-66k | €58k | €105k | ▲ 79.9% |
| Operating profit (loss)9901 | €8k | €-99k | €37k | €74k | ▲ 98.4% |
| Financial income75/76B | - | - | €7 | €204 | ▲ 2,842% |
| Recurring financial income75 | €38 | €0 | €7 | €204 | ▲ 2,842% |
| Financial charges65/66B | - | - | €11k | €8k | ▼ 32.7% |
| Recurring financial charges65 | €4k | €9k | €11k | €8k | ▼ 32.7% |
| Profit (loss) for the period before taxes9903 | €4k | €-108k | €26k | €67k | ▲ 156% |
| Income taxes67/77 | €2k | €0 | €452 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2k | €-108k | €26k | €67k | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-108k | €26k | €67k | ▲ 160% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €164k | €237k | €199k | €254k | ▲ 28.0% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €22k | €16k | €46k | €32k | ▼ 30.9% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €22k | €16k | €46k | €32k | ▼ 30.9% |
| Furniture and vehicles24 | - | - | €46k | €32k | ▼ 30.9% |
| Financial fixed assets28 | €0 | - | - | - | - |
| Current assets29/58 | €142k | €221k | €153k | €222k | ▲ 45.7% |
| Stocks and contracts in progress3 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €114k | €221k | €153k | €222k | ▲ 45.7% |
| Trade receivables40 | - | - | €94k | €151k | ▲ 61.6% |
| Other amounts receivable41 | - | - | €59k | €71k | ▲ 20.5% |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €164k | €237k | €199k | €254k | ▲ 28.0% |
| Equity10/15 | €21k | €-87k | €-61k | €5k | ▲ 109% |
| Contributions10/11 | €19k | - | €19k | €19k | = |
| Reserves13 | €2k | €0 | - | - | - |
| Profit (loss) carried forward14 | €0 | €-106k | €-80k | €-13k | ▲ 83.4% |
| Amounts payable17/49 | €143k | €324k | €260k | €249k | ▼ 4.3% |
| Amounts payable after more than one year17 | €13k | €93k | €96k | €56k | ▼ 42.2% |
| Financial debts170/4 | - | - | €96k | €56k | ▼ 42.2% |
| Amounts payable within one year42/48 | €130k | €231k | €164k | €193k | ▲ 17.9% |
| Current portion of amounts payable after more than one year42 | - | - | €26k | €27k | ▲ 4.5% |
| Financial debts43 | - | - | €34k | €39k | ▲ 14.9% |
| Credit institutions430/8 | - | - | €34k | €39k | ▲ 14.9% |
| Trade debts44 | €64k | €167k | €84k | €105k | ▲ 25.1% |
| Suppliers440/4 | - | - | €84k | €105k | ▲ 25.1% |
| Taxes, remuneration and social security45 | - | - | €622 | €2k | ▲ 203% |
| Taxes450/3 | - | - | - | €5 | - |
| Remuneration and social security454/9 | - | - | €622 | €2k | ▲ 202% |
| Other amounts payable47/48 | - | - | €20k | €21k | ▲ 4.6% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-108k | €26k | €67k | ▲ 160% |
| + Depreciation and write-downs630 | €7k | €6k | €13k | €15k | ▲ 12.1% |
| Operating cash flow (approximation) | €9k | €-102k | €39k | €82k | ▲ 109% |
| Investment in fixed assets (approximation) | - | €0 | €-43k | €-860 | ▲ 98.0% |
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
23-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-12-2025
2024
21-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-03-2024
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Highest result since 2019net €67k ▲160%
Operating result €74k, net result €67k, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 101 days late
2020
31-12
Financial
Weakest financial yearnet €-108k
Net result drops to €-108k, the lowest in the series.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VALèRE VEREECKE COCKERILLKAAI 18,
2000 ANTWERPEN 1 |
14-03-2024 → 16-12-2025 |