KNK CONSTRUCT

Active

Private limited companyfounded 20196 yrs activeJetse Laan 376, 1090 Jette, BelgiumKBO/BCE: BE 0736.595.234

Summary

The computed 12-month bankruptcy probability of KNK CONSTRUCT is 5.2% (elevated). The 2024 annual accounts show equity of €40k and a net result of €-9k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

36 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability6▼-47

Solvency70▼-8

Growth68=

Track record100

Bankruptcy probability, 12 months

5.2% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity ample (current ratio 1.83 against 2.02 in 2023; short-term debt: 54.5% and cash: 6.8% of total assets), but 54.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

45.5%

Return on assets

-10.5%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-10-2025, 65 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

65 d late

2023

68 d late

2022

31 d late

2021

20 d early

2020

31 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€424k▲ 64.4%

2021 · €258k

2021: €258k

2021 → 2022

EBIT margin

3.2%▲ 2.3pp

2021 · 0.9%

2021: 0.9%

2021 → 2022

Net result

€-9k

2023 · €8k

2020: €30k 2021: €1k 2022: €10k 2023: €8k

2020 → 2024

Working capital

€40k▼ 12.1%

2023 · €45k

2020: €30k 2021: €13k 2022: €30k 2023: €45k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€258k€424k▲ 64.4%

Equity€30k-€31k▲ 2.8%€41k▲ 31.9%€49k▲ 20.1%€40k▼ 18.8%

Operating result€35k-€2k▼ 93.3%€14k▲ 489%€22k▲ 59.8%€-9k

Net result€30k-€1k▼ 96.4%€10k▲ 806%€8k▼ 16.8%€-9k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €9k after €22k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €87k

100.0%

Fixed assets €22 ▼ 99.4%

Current assets €87k ▼ 2.2%

Equity and liabilities €87k

45.5%

54.5%

Equity €40k ▼ 18.8%

Debt €48k ▲ 7.8%

Debt's share of the balance-sheet total rises from 47.5% to 54.5%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-5k▼

2023 · €29k

Cash flow

€-5k▼

2023 · €15k

Current ratio

1.83▼

2023 · 2.02

Debt to equity

1.20▲

2023 · 0.90

ROE

-23.1%▼

2023 · 16.8%

ROA

-10.5%▼

2023 · 8.8%

Interest coverage

-33.00▼

2023 · 2.78

Debt ≤ 1 year

€48k▲

2023 · €44k

Income taxes

€153▼

2023 · €4k

Staff costs

€1k▼

2023 · €2k

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 · 2024 against 2023 · 40 lines

Balance sheet Code20232024

Assets

Total assets20/58€93k€87k▼

Fixed assets21/28€4k€22▼

Tangible fixed assets22/27€4k-

Furniture and vehicles24€4k-

Financial fixed assets28€22€22=

Current assets29/58€89k€87k▼

Amounts receivable within one year40/41€46k€81k▲

Trade receivables40€42k€76k▲

Other amounts receivable41€5k€5k▼

Cash at bank and in hand54/58€40k€6k▼

Deferred charges and accrued income490/1€2k-

Equity and liabilities

Total equity and liabilities10/49€93k€87k▼

Equity10/15€49k€40k▼

Contributions10/11€10k€10k=

Outside capital11€10k-

Other1109/19€10k-

Profit (loss) carried forward14€39k€30k▼

Amounts payable17/49€44k€48k▲

Amounts payable within one year42/48€44k€48k▲

Trade debts44€19k€23k▲

Suppliers440/4€19k€23k▲

Advances received on contracts in progress46€2k€2k=

Taxes, remuneration and social security45€2k€2k▲

Taxes450/3€2k€2k▲

Other amounts payable47/48€21k€21k▼

Income statement Code20232024

Remuneration, social security and pensions62€2k€1k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼

Other operating charges640/8€3k€2k▼

Gross operating margin9900€33k€-2k▼

Operating profit (loss)9901€22k€-9k▼

Financial income75/76B€7-

Recurring financial income75€7-

Financial charges65/66B€10k€155▼

Recurring financial charges65€10k€155▼

Profit (loss) for the period before taxes9903€12k€-9k▼

Income taxes67/77€4k€153▼

Profit (loss) for the period9904€8k€-9k▼

Profit (loss) for the period to be appropriated9905€8k€-9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€39k€30k▼

Profit (loss) brought forward from the previous period14P€31k€39k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

2025

04-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 65 days late

2024

31-12

Financial Weakest financial yearnet €-9k ▼212%

Net result drops to €-9k, the lowest in the series.

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

11-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Jette · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Jetse Laan 3761090 Jette

Ground area

483 m²

Building footprint

245 m²

Volume, LiDAR

3,791 m³

Parcel 21463C0390/00S003, Brussels · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

KNK CONSTRUCT

Jetse Laan 376, 1090 JetteManufacture of metal structures and parts of structures

since 20192.296.367.904

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21463C0390/00S003	Brussels	483 m²	1 · 245 m²	19.6 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Ambrosio Construct

BE 0748.958.972

Anderlecht · Eq €39,667

CDBC

BE 0427.973.106

Sint-Pieters-Woluwe · Eq €39,636

Mdtd Belgium

BE 0874.463.710

Grimbergen · Eq €39,704

Celles (lez-Tournai) · Eq €39,725

Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,939 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded21-10-2019

Fiscal year end31-12

Activities, NACEBEL 2025

43990Other specialised construction activities

43120Site preparation

43130Specialised construction activities

43350Other building finishing work

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.