Equity
Konhef has made a profit without a break since 2021.
Konhef has made a profit without a break since 2021.
The accounts state no turnover.
Green is investment, beige is depreciation.
In 2025, 4 people joined and 4 left.
The last five annual accounts were filed 1 to 40 days before the end of the period.
Higher solvency than 92% of companies in architecture and engineering. Sector median 41.3% · 892 companies.
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 92% of them on solvency, 99% on liquidity, 61% on profitability and 56% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,137 companies had the same profile as Konhef has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of Konhef itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Konhef. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 10.97 (9.66 in 2024), above the usual 1.5. Short-term debt is 8.4% and cash 69.8% of total assets. 11.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Konhef Antwerp | €7.9m | €4.8m | 88.3% | 45.2 |
| Melkcontrolecentrum-Vlaanderen Lier | €5.0m | €3.2m | 73.7% | 31.2 |
| Comité Européen de Normalisation Electrotechnique Brussels | €6.2m | €3.5m | - | 27.7 |
| Comité du lait Herve | €6.2m | €3.4m | 84.8% | 36.4 |
| Institut interuniversitaire des Silicates, Sols et Matériaux Mons | €4.7m | €2.8m | 4.7% | 35.7 |
| J. Van Hemelen, Keuringsorganisme - J. Van Hemelen Organisme de Contrôle Sint-Genesius-Rode | €5.4m | €3.0m | 88.1% | 29.1 |
| KANIGEN WORKS BENELUX Genk | €5.4m | €4.1m | 16.9% | 36.8 |
These companies have the same main activity as Konhef: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €4.7m and €6.2m, founded between 1937 and 1990.
Konhef has existed since 1962. The gross margin grew from €2.5m in 2012 to €4.8m in 2025 and staff from 33.3 to 45.2 full-time equivalents.
The gross margin has grown every year since 2020.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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