KNX ASSOCIATION
ActiveSummary
KNX ASSOCIATION has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.1m and a net result of €351,193. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 1460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-17
Solvency84▼-10
Growth63▼-1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420,000 at 30 days acceptable
Liquidity ample (current ratio 2.33 against 3.06 in 2024; short-term debt: 41.1% and cash: 46.9% of total assets), and 41.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
58.9%
Return on assets
4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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 · 10 filingsDeviation from the deadline
2025
32 d late
2024
25 d late
2023
28 d late
2022
29 d late
2021
17 d late
2020
4 d late
2019
25 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 23 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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Financials · fiscal year 2025, full schema
In the rankings
#7 oldest company in Machelen, Telecoms and IT sector#8 company by staff growth in Machelen, Telecoms and IT sector
Turnover
€12.3m▼ 2.7%
2024 · €12.6m
EBIT margin
5.0%▼ 4.7pp
2024 · 9.7%
Net result
€351,193▼ 60.2%
2024 · €882,736
Working capital
€4.8m▲ 5.2%
2024 · €4.5m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€12.4m€12.2m▼ 1.6%€11.9m▼ 2.0%€12.6m▲ 6.1%€12.3m▼ 2.7%
Operating result€1.1m▲ 61.3%€560,431▼ 50.7%-€253,171€1.2m€615,937▼ 49.9%
Net result€755,819above the sector's middle half▲ 63.7%€323,483above the sector's middle half▼ 57.2%-€366,073below the sector's middle half€882,736above the sector's middle half€351,193above the sector's middle half▼ 60.2%
EBIT margin9.2%4.6%▼ 4.6pp-2.1%▼ 6.7pp9.7%▲ 11.9pp5.0%▼ 4.7pp
Equity€4.0mabove the sector's middle half▲ 23.7%€4.3mabove the sector's middle half▲ 8.2%€3.9mabove the sector's middle half▼ 8.5%€4.8mabove the sector's middle half▲ 23.2%€5.1mabove the sector's middle half▲ 6.7%
Total assets€6.3mabove the sector's middle half▲ 16.9%€6.8mabove the sector's middle half▲ 6.8%€5.3mabove the sector's middle half▼ 20.9%€7.0mabove the sector's middle half▲ 31.5%€8.7mabove the sector's middle half▲ 24.2%
Debt€2.4m▲ 7.0%€2.5m▲ 4.6%€1.4m▼ 42.3%€2.2m▲ 54.2%€3.6m▲ 62.6%
Working capital€3.8mabove the sector's middle half▲ 24.2%€4.1mabove the sector's middle half▲ 8.2%€3.6mabove the sector's middle half▼ 13.5%€4.5mabove the sector's middle half▲ 26.9%€4.8mabove the sector's middle half▲ 5.2%
Solvency62.5%within the sector's middle half▲ 3.5pp63.3%within the sector's middle half▲ 0.8pp73.2%above the sector's middle half▲ 9.9pp68.6%within the sector's middle half▼ 4.6pp58.9%within the sector's middle half▼ 9.7pp
Current ratio2.62within the sector's middle half▲ 0.222.67within the sector's middle half▲ 0.063.51above the sector's middle half▲ 0.833.06within the sector's middle half▼ 0.442.33within the sector's middle half▼ 0.73
Return on assets (ROA)11.9%within the sector's middle half▲ 3.4pp4.8%within the sector's middle half▼ 7.2pp-6.8%below the sector's middle half▼ 11.6pp12.6%within the sector's middle half▲ 19.4pp4.0%within the sector's middle half▼ 8.5pp
Staff (FTE)12.6within the sector's middle half▲ 8.6%14.7within the sector's middle half▲ 16.7%17within the sector's middle half▲ 15.6%15.1within the sector's middle half▼ 11.2%16.5within the sector's middle half▲ 9.3%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result +64% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.7m
Fixed assets
€357,631 ▲ 30.5%
Current assets
€8.4m ▲ 24.0%
Equity and liabilities €8.7m
Equity
€5.1m ▲ 6.7%
Debt
€3.6m ▲ 62.6%
Debt's share of the balance-sheet total rises from 31.4% to 41.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€692,858▼
2024 · €1.3m
Cash flow
€428,114▼
2024 · €960,284
Debt to equity
0.70▲
2024 · 0.46
ROE
6.8%▼
2024 · 18.3%
Interest coverage
5.45▼
2024 · 9.99
Debt ≤ 1 year
€3.6m▲
2024 · €2.2m
Income taxes
€145,325▼
2024 · €220,800
Staff costs
€2.3m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,341 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% | 1.0% |
| 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% 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 14,732 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €12.4m | €12.2m | €11.9m | €12.6m | €12.3m | ▼ 2.7% |
| Turnover70 | €12.4m | €12.2m | €11.9m | €12.6m | €12.3m | ▼ 2.7% |
| Non-recurring operating income76A | €1,886 | - | €5,460 | €178 | - | - |
| Operating charges60/66A | €11.2m | €11.6m | €12.2m | €11.4m | €11.7m | ▲ 2.4% |
| Services and other goods61 | €9.6m | €9.9m | €9.9m | €9.5m | €9.3m | ▼ 1.7% |
| Remuneration, social security and pensions62 | €1.5m | €1.7m | €2.1m | €1.9m | €2.3m | ▲ 19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,158 | €55,154 | €77,216 | €77,548 | €76,921 | ▼ 0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €33,950 | -€14,625 | €83,457 | -€51,047 | -€2,565 | ▲ 95.0% |
| Other operating charges640/8 | €2,996 | €2,462 | €2,729 | €1,335 | €4,697 | ▲ 252% |
| Operating profit (loss)9901 | €1.1m | €560,431 | -€253,171 | €1.2m | €615,937 | ▼ 49.9% |
| Financial income75/76B | €1,051 | €129 | €368 | €4,634 | €7,699 | ▲ 66.1% |
| Recurring financial income75 | €1,051 | €129 | €368 | €4,634 | €7,699 | ▲ 66.1% |
| Other financial income752/9 | €1,051 | €129 | €368 | €4,634 | €7,699 | ▲ 66.1% |
| Financial charges65/66B | €127,374 | €118,521 | €113,269 | €130,899 | €127,118 | ▼ 2.9% |
| Recurring financial charges65 | €127,374 | €118,521 | €113,269 | €130,899 | €127,118 | ▼ 2.9% |
| Other financial charges652/9 | €127,374 | €118,521 | €113,269 | €130,899 | €127,118 | ▼ 2.9% |
| Profit (loss) for the period before taxes9903 | €1.0m | €442,039 | -€366,073 | €1.1m | €496,518 | ▼ 55.0% |
| Income taxes67/77 | €255,189 | €118,555 | - | €220,800 | €145,325 | ▼ 34.2% |
| Taxes670/3 | €262,278 | €118,555 | - | €220,800 | €145,325 | ▼ 34.2% |
| Tax adjustments and reversals of tax provisions77 | €7,089 | - | - | - | - | - |
| Profit (loss) for the period9904 | €755,819 | €323,483 | -€366,073 | €882,736 | €351,193 | ▼ 60.2% |
| Profit (loss) for the period to be appropriated9905 | €755,819 | €323,483 | -€366,073 | €882,736 | €351,193 | ▼ 60.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.3m | €6.8m | €5.3m | €7.0m | €8.7m | ▲ 24.2% |
| Fixed assets21/28 | €126,415 | €135,869 | €330,138 | €274,041 | €357,631 | ▲ 30.5% |
| Tangible fixed assets22/27 | €126,357 | €135,811 | €236,980 | €180,883 | €264,474 | ▲ 46.2% |
| Land and buildings22 | €35,630 | €71,362 | €63,914 | €45,643 | €27,372 | ▼ 40.0% |
| Furniture and vehicles24 | €90,727 | €64,449 | €173,066 | €135,240 | €237,102 | ▲ 75.3% |
| Financial fixed assets28 | €58 | €58 | €93,158 | €93,158 | €93,158 | = |
| Companies linked by participating interests282/3 | - | - | €93,100 | €93,100 | €93,100 | = |
| Participating interests282 | - | - | €93,100 | €93,100 | €93,100 | = |
| Other financial fixed assets284/8 | €58 | €58 | €58 | €58 | €58 | = |
| Amounts receivable and cash guarantees285/8 | €58 | €58 | €58 | €58 | €58 | = |
| Current assets29/58 | €6.2m | €6.6m | €5.0m | €6.8m | €8.4m | ▲ 24.0% |
| Amounts receivable within one year40/41 | €602,434 | €571,988 | €400,166 | €432,594 | €802,385 | ▲ 85.5% |
| Trade receivables40 | €430,697 | €345,067 | €248,285 | €253,126 | €466,071 | ▲ 84.1% |
| Other amounts receivable41 | €171,738 | €226,920 | €151,880 | €179,468 | €336,314 | ▲ 87.4% |
| Current investments50/53 | €3.0m | €2.8m | €2.6m | €2.5m | €3.4m | ▲ 35.3% |
| Other investments51/53 | €3.0m | €2.8m | €2.6m | €2.5m | €3.4m | ▲ 35.3% |
| Cash at bank and in hand54/58 | €2.6m | €3.3m | €1.9m | €3.8m | €4.1m | ▲ 9.2% |
| Deferred charges and accrued income490/1 | €27,363 | €29,678 | €17,389 | €18,789 | €23,312 | ▲ 24.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.3m | €6.8m | €5.3m | €7.0m | €8.7m | ▲ 24.2% |
| Equity10/15 | €4.0m | €4.3m | €3.9m | €4.8m | €5.1m | ▲ 6.7% |
| Contributions10/11 | €493,804 | €493,804 | €495,291 | €520,576 | €490,829 | ▼ 5.7% |
| Reserves13 | €2.9m | €3.2m | €3.2m | €4.0m | €4.0m | = |
| Non-distributable reserves130/1 | €47,893 | €49,380 | €49,380 | - | - | - |
| Reserves not available under the articles1311 | €47,893 | €49,380 | €49,380 | - | - | - |
| Distributable reserves133 | €2.9m | €3.2m | €3.2m | €4.0m | €4.0m | = |
| Profit (loss) carried forward14 | €564,137 | €586,132 | €220,060 | €302,177 | €653,369 | ▲ 116% |
| Amounts payable17/49 | €2.4m | €2.5m | €1.4m | €2.2m | €3.6m | ▲ 62.6% |
| Amounts payable within one year42/48 | €2.4m | €2.5m | €1.4m | €2.2m | €3.6m | ▲ 62.6% |
| Trade debts44 | €1.3m | €1.6m | €393,255 | €1.1m | €2.6m | ▲ 129% |
| Suppliers440/4 | €1.3m | €1.6m | €393,255 | €1.1m | €2.6m | ▲ 129% |
| Taxes, remuneration and social security45 | €929,843 | €781,214 | €930,305 | €966,401 | €876,691 | ▼ 9.3% |
| Taxes450/3 | €564,700 | €388,568 | €451,770 | €581,273 | €347,823 | ▼ 40.2% |
| Remuneration and social security454/9 | €365,143 | €392,646 | €478,536 | €385,127 | €528,868 | ▲ 37.3% |
| Other amounts payable47/48 | €112,438 | €112,438 | €107,090 | €110,065 | €126,426 | ▲ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €755,819 | €323,483 | -€366,073 | €882,736 | €351,193 | ▼ 60.2% |
| + Depreciation and write-downs630 | €51,158 | €55,154 | €77,216 | €77,548 | €76,921 | ▼ 0.8% |
| Operating cash flow (approximation) | €806,977 | €378,637 | -€288,857 | €960,284 | €428,114 | ▼ 55.4% |
| Investment in fixed assets (approximation) | - | -€64,608 | -€271,485 | -€21,451 | -€160,511 | ▼ 648% |
| Change in cash | - | €655,728 | -€1.3m | €1.8m | €344,690 | ▼ 80.9% |
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
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 32 days late
2025
31-12
Financial
Equity above €5mEq €5.1m ▲6.7%
2 profitable years in a row build equity to €5.1m.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Back to profitnet €882,736
Net result €882,736 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€366,073
Net result drops to -€366,073, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 15 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 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
No directors read yet: 0 of 20 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 1990
Ground area
8,806 m²
Building footprint
1,328 m²
Volume, LiDAR
28,306 m³
Parcel 23015B0091/00Z003, Flanders · tallest building 26.1 m, ±7 floors. Linked by address, not a title deed.
152
companies at this address
See who is registered here
1 establishment unit
EIBA
since 19902.049.747.778
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0091/00Z003 | Flanders | 8,805 m² | 1 · 1,328 m² | 26.1 m · 7 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
49%
According to the 2025 annual accounts of KNX ASSOCIATION and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 684 EUR awarded · 684 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 357 EUR | 357 EUR |
| 2024 | 1 | 327 EUR | 327 EUR |
European research
1 project · 72,188 EUR EU contributionProgrammes
Projects
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Company details
Identification
Legal formCooperative company
Founded08-05-1990
Fiscal year end31-12
Abbreviation NL
KNX
Activities, NACEBEL 2025
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
43211General electrical installation work
Contact
Phone
003227758590Machelen (Brab.)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441460064
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.