KNN
ActiveSummary
KNN has been active since 2015 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €25,787 and a net result of €5,317. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 65% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-4
Solvency85▲+15
Growth85▲+27
Track record92
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 1.71 in 2024; short-term debt: 39.6% and cash: 3% of total assets), and 39.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.4%
Return on assets
12.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-03-2026, 43 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
43 d early
2024
on the day
2023
4 d early
2022
160 d early
2021
205 d late
2020
570 d late
2019
935 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 215 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€141,970▲ 44.8%
2024 · €98,074
EBIT margin
5.7%▼ 2.8pp
2024 · 8.4%
Net result
€5,317▼ 11.2%
2024 · €5,987
Working capital
€20,566▲ 14.5%
2024 · €17,955
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€98,074€141,970▲ 44.8%
Operating result-€1,040▲ 5.5%€13,930€8,272▼ 40.6%€8,062▼ 2.5%
Net result-€1,177below the sector's middle half▼ 11.9%-€78below the sector's middle half▲ 93.3%€9,997within the sector's middle half€5,987within the sector's middle half▼ 40.1%€5,317within the sector's middle half▼ 11.2%
EBIT margin8.4%5.7%▼ 2.8pp
Equity€23,479within the sector's middle half▼ 4.8%€23,400within the sector's middle half▼ 0.3%€33,397within the sector's middle half▲ 42.7%€20,470within the sector's middle half▼ 38.7%€25,787within the sector's middle half▲ 26.0%
Total assets€29,330below the sector's middle half▼ 3.5%€29,348below the sector's middle half▲ 0.1%€37,330below the sector's middle half▲ 27.2%€45,783below the sector's middle half▲ 22.6%€42,676below the sector's middle half▼ 6.8%
Debt€5,851▲ 2.0%€5,947▲ 1.7%€3,932▼ 33.9%€25,314▲ 544%€16,890▼ 33.3%
Working capital€23,479within the sector's middle half▼ 0.6%€23,400within the sector's middle half▼ 0.3%€32,218within the sector's middle half▲ 37.7%€17,955within the sector's middle half▼ 44.3%€20,566within the sector's middle half▲ 14.5%
Solvency80.1%above the sector's middle half▼ 1.1pp79.7%above the sector's middle half▼ 0.3pp89.5%above the sector's middle half▲ 9.7pp44.7%within the sector's middle half▼ 44.8pp60.4%within the sector's middle half▲ 15.7pp
Current ratio5.01above the sector's middle half▼ 0.114.93above the sector's middle half▼ 0.089.19above the sector's middle half▲ 4.261.71within the sector's middle half▼ 7.482.22within the sector's middle half▲ 0.51
Return on assets (ROA)-4.0%below the sector's middle half▼ 0.6pp-0.3%below the sector's middle half▲ 3.7pp26.8%above the sector's middle half▲ 27.0pp13.1%within the sector's middle half▼ 13.7pp12.5%within the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42,676
Fixed assets
€5,221 ▲ 108%
Current assets
€37,455 ▼ 13.4%
Equity and liabilities €42,676
Equity
€25,787 ▲ 26.0%
Debt
€16,890 ▼ 33.3%
Debt's share of the balance-sheet total falls from 55.3% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,104▲
2024 · €8,716
Cash flow
€6,358▼
2024 · €6,431
Debt to equity
0.65▼
2024 · 1.24
ROE
20.6%▼
2024 · 29.2%
Interest coverage
38.99▲
2024 · 34.86
Debt ≤ 1 year
€16,890▼
2024 · €25,314
Income taxes
€2,512▲
2024 · €2,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €98,074 | €141,970 | ▲ 44.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €87,758 | €128,850 | ▲ 46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,040 | - | €116 | €444 | €1,041 | ▲ 134% |
| Other operating charges640/8 | - | - | - | €1,600 | €4,017 | ▲ 151% |
| Gross operating margin9900 | - | - | €14,046 | €10,316 | €13,120 | ▲ 27.2% |
| Operating profit (loss)9901 | -€1,040 | - | €13,930 | €8,272 | €8,062 | ▼ 2.5% |
| Financial income75/76B | - | - | - | €45 | €0 | ▼ 99.0% |
| Recurring financial income75 | - | - | - | €45 | €0 | ▼ 99.0% |
| Financial charges65/66B | €137 | €78 | - | €250 | €234 | ▼ 6.6% |
| Recurring financial charges65 | €137 | €78 | - | €250 | €234 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | -€1,177 | -€78 | €13,930 | €8,067 | €7,829 | ▼ 2.9% |
| Income taxes67/77 | - | - | €3,932 | €2,080 | €2,512 | ▲ 20.8% |
| Profit (loss) for the period9904 | -€1,177 | -€78 | €9,997 | €5,987 | €5,317 | ▼ 11.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,177 | -€78 | €9,997 | €5,987 | €5,317 | ▼ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,330 | €29,348 | €37,330 | €45,783 | €42,676 | ▼ 6.8% |
| Fixed assets21/28 | - | - | €1,180 | €2,514 | €5,221 | ▲ 108% |
| Tangible fixed assets22/27 | - | - | €1,180 | €2,514 | €5,221 | ▲ 108% |
| Plant, machinery and equipment23 | - | - | €1,180 | €2,514 | €3,393 | ▲ 34.9% |
| Furniture and vehicles24 | - | - | - | - | €1,828 | - |
| Current assets29/58 | €29,330 | €29,348 | €36,150 | €43,269 | €37,455 | ▼ 13.4% |
| Amounts receivable after more than one year29 | - | - | €23,400 | €4,485 | €4,485 | = |
| Trade receivables290 | - | - | €23,400 | €4,485 | €4,485 | = |
| Amounts receivable within one year40/41 | €26,452 | €26,452 | €12,750 | €38,778 | €31,673 | ▼ 18.3% |
| Trade receivables40 | €16,938 | €16,938 | €12,750 | €38,510 | €11,376 | ▼ 70.5% |
| Other amounts receivable41 | €9,514 | €9,514 | - | €268 | €20,297 | ▲ 7,471% |
| Cash at bank and in hand54/58 | €2,877 | €2,896 | - | €6 | €1,298 | ▲ 22,665% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,330 | €29,348 | €37,330 | €45,783 | €42,676 | ▼ 6.8% |
| Equity10/15 | €23,479 | €23,400 | €33,397 | €20,470 | €25,787 | ▲ 26.0% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Capital10 | €100 | €100 | €100 | €100 | €100 | = |
| Issued capital100 | €100 | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €23,379 | €23,300 | €33,297 | €20,370 | €25,687 | ▲ 26.1% |
| Amounts payable17/49 | €5,851 | €5,947 | €3,932 | €25,314 | €16,890 | ▼ 33.3% |
| Amounts payable within one year42/48 | €5,851 | €5,947 | €3,932 | €25,314 | €16,890 | ▼ 33.3% |
| Trade debts44 | €341 | €341 | - | €3,143 | €11,369 | ▲ 262% |
| Suppliers440/4 | €341 | €341 | - | €3,143 | €11,369 | ▲ 262% |
| Taxes, remuneration and social security45 | - | - | €3,932 | €5,012 | €5,521 | ▲ 10.1% |
| Taxes450/3 | - | - | €3,932 | €5,012 | €4,921 | ▼ 1.8% |
| Remuneration and social security454/9 | - | - | - | - | €600 | - |
| Other amounts payable47/48 | €5,510 | €5,607 | - | €17,158 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,177 | -€78 | €9,997 | €5,987 | €5,317 | ▼ 11.2% |
| + Depreciation and write-downs630 | €1,040 | - | €116 | €444 | €1,041 | ▲ 134% |
| Operating cash flow (approximation) | -€137 | -€78 | €10,113 | €6,431 | €6,358 | ▼ 1.1% |
| Investment in fixed assets (approximation) | - | - | - | -€1,779 | -€3,748 | ▼ 111% |
| Change in cash | - | €18 | - | - | €1,292 | - |
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
Next filing, fiscal year 2026, expected by
2026
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1666 days late
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €9,997
Net result €9,997 after 3 loss-making years.
2022
09-12
KBO administration
Strikeout withdrawn
event 21-11-2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 205 days late
21-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 570 days late
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 935 days late
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1301 days late
21-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1666 days late
2021
30-09
Financial
Weakest financial yearnet -€1,177
Net result drops to -€1,177, the lowest in the series; recovery starts the following year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Oudenaarde · 1 establishment unit since 2023
Ground area
564 m²
Building footprint
103 m²
Volume, LiDAR
599 m³
Parcel 45502B0764/00A000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KNN
since 20232.344.243.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502B0764/00A000 | Flanders | 564 m² | 1 · 103 m² | 7.7 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 9,536 companies in sector 43222 we hold annual accounts for 5,669. 3,852 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
Founded14-12-2015
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644482549
Also
9925:BE0644482549
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.