KP CONSULTING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 23 filings
Turnover
≈ €95,000
Estimated: probably between €75,000 and €130,000
Total assets
€228,783▼ 5.3%
2024 · €241,489
Net result
€6,865▼ 69.3%
2024 · €22,358
Working capital
€24,546▼ 83.0%
2024 · €144,094
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€11,189
▼ 66.1%
2025
20182025
Net result
€6,865
▼ 69.3%
2025
middle half of the sector
20182025
Equity
€75,833
▼ 62.0%
2025
middle half of the sector
20182025
Total assets
€228,783
▼ 5.3%
2025
middle half of the sector
20182025
Debt
€152,950
▲ 264%
2025
20182025
Working capital
€24,546
▼ 83.0%
2025
middle half of the sector
20182025
Solvency
33.1%
▼ 49.4pp
2025
middle half of the sector
20182025
Current ratio
1.16
▼ 3.27
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
3.0%
▼ 6.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€32,779-€29,020▼ 11.5%€34,394▲ 18.5%€34,594▲ 0.6%€35,387▲ 2.3%€40,062▲ 13.2%€33,007▼ 17.6%€11,189▼ 66.1%
Net result€21,235-€19,927▼ 6.2%€23,943within the sector's middle half▲ 20.2%€23,709within the sector's middle half▼ 1.0%€24,439within the sector's middle half▲ 3.1%€27,594within the sector's middle half▲ 12.9%€22,358within the sector's middle half▼ 19.0%€6,865within the sector's middle half▼ 69.3%
Equity€167,761-€187,688▲ 11.9%€193,449above the sector's middle half▲ 3.1%€180,207above the sector's middle half▼ 6.8%€190,642above the sector's middle half▲ 5.8%€197,002above the sector's middle half▲ 3.3%€199,432above the sector's middle half▲ 1.2%€75,833within the sector's middle half▼ 62.0%
Total assets€217,849-€223,326▲ 2.5%€245,136within the sector's middle half▲ 9.8%€276,563within the sector's middle half▲ 12.8%€221,001within the sector's middle half▼ 20.1%€236,197within the sector's middle half▲ 6.9%€241,489within the sector's middle half▲ 2.2%€228,783within the sector's middle half▼ 5.3%
Debt€50,088-€35,638▼ 28.8%€51,687▲ 45.0%€96,356▲ 86.4%€30,358▼ 68.5%€39,195▲ 29.1%€42,057▲ 7.3%€152,950▲ 264%
Working capital€82,348-€106,208▲ 29.0%€115,557above the sector's middle half▲ 8.8%€108,337within the sector's middle half▼ 6.2%€120,748within the sector's middle half▲ 11.5%€136,737above the sector's middle half▲ 13.2%€144,094above the sector's middle half▲ 5.4%€24,546within the sector's middle half▼ 83.0%
Solvency77.0%-84.0%▲ 7.0pp78.9%above the sector's middle half▼ 5.1pp65.2%within the sector's middle half▼ 13.8pp86.3%above the sector's middle half▲ 21.1pp83.4%above the sector's middle half▼ 2.9pp82.6%above the sector's middle half▼ 0.8pp33.1%within the sector's middle half▼ 49.4pp
Current ratio2.70-3.99▲ 1.303.24within the sector's middle half▼ 0.762.13within the sector's middle half▼ 1.114.98above the sector's middle half▲ 2.854.50within the sector's middle half▼ 0.484.43within the sector's middle half▼ 0.071.16below the sector's middle half▼ 3.27
Return on assets (ROA)9.7%-8.9%▼ 0.8pp9.8%within the sector's middle half▲ 0.8pp8.6%within the sector's middle half▼ 1.2pp11.1%within the sector's middle half▲ 2.5pp11.7%within the sector's middle half▲ 0.6pp9.3%within the sector's middle half▼ 2.4pp3.0%below the sector's middle half▼ 6.3pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 66% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228,783
Fixed assets
€51,762 ▼ 6.6%
Current assets
€177,021 ▼ 4.9%
Equity and liabilities €228,783
Equity
€75,833 ▼ 62.0%
Debt
€152,950 ▲ 264%
Debt's share of the balance-sheet total rises from 17.4% to 66.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16,306▼
2024 · €37,975
Cash flow
€11,983▼
2024 · €27,325
Debt to equity
2.02▲
2024 · 0.21
ROE
9.1%▼
2024 · 11.2%
Interest coverage
14.21▼
2024 · 31.33
Debt ≤ 1 year
€152,475▲
2024 · €41,982
Income taxes
€3,927▼
2024 · €9,715
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,519 | - | - | €1,466 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €6,005 | €6,574 | €5,564 | €4,967 | €5,117 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,083 | €5,387 | €5,828 | €6,005 | €6,574 | €5,564 | €4,967 | €5,117 | ▲ 3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €6,853 | - |
| Other operating charges640/8 | - | - | - | €2,278 | €2,036 | €2,911 | €3,118 | €4,453 | ▲ 42.8% |
| Gross operating margin9900 | €41,215 | €36,601 | €42,486 | €42,877 | €43,997 | €48,537 | €41,093 | €27,613 | ▼ 32.8% |
| Operating profit (loss)9901 | €32,779 | €29,020 | €34,394 | €34,594 | €35,387 | €40,062 | €33,007 | €11,189 | ▼ 66.1% |
| Financial income75/76B | - | - | - | €3 | €55 | €294 | €278 | €750 | ▲ 170% |
| Recurring financial income75 | €54 | €54 | €54 | €3 | €55 | €294 | €278 | €750 | ▲ 170% |
| Financial charges65/66B | - | - | - | €389 | €474 | €1,403 | €1,212 | €1,147 | ▼ 5.4% |
| Recurring financial charges65 | €1,917 | €399 | €241 | €389 | €474 | €1,403 | €1,212 | €1,147 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €30,915 | €28,674 | €34,207 | €34,208 | €34,968 | €38,954 | €32,073 | €10,792 | ▼ 66.4% |
| Income taxes67/77 | €9,680 | €8,747 | €10,264 | €10,499 | €10,529 | €11,359 | €9,715 | €3,927 | ▼ 59.6% |
| Profit (loss) for the period9904 | €21,235 | €19,927 | €23,943 | €23,709 | €24,439 | €27,594 | €22,358 | €6,865 | ▼ 69.3% |
| Profit (loss) for the period to be appropriated9905 | €21,235 | €19,927 | €23,943 | €23,709 | €24,439 | €27,594 | €22,358 | €6,865 | ▼ 69.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €217,849 | €223,326 | €245,136 | €276,563 | €221,001 | €236,197 | €241,489 | €228,783 | ▼ 5.3% |
| Fixed assets21/28 | €87,037 | €81,649 | €77,954 | €71,949 | €69,894 | €60,381 | €55,413 | €51,762 | ▼ 6.6% |
| Tangible fixed assets22/27 | €86,987 | €81,600 | €77,904 | €71,899 | €69,845 | €60,331 | €55,364 | €51,713 | ▼ 6.6% |
| Land and buildings22 | - | - | - | €70,919 | €65,625 | €60,331 | €55,364 | €50,396 | ▼ 9.0% |
| Furniture and vehicles24 | - | - | - | €981 | €4,220 | €0 | - | €1,316 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €130,812 | €141,677 | €167,182 | €204,614 | €151,107 | €175,816 | €186,076 | €177,021 | ▼ 4.9% |
| Amounts receivable within one year40/41 | €9,145 | €20,721 | €11,897 | €17,292 | €27,246 | €28,341 | €23,851 | €16,030 | ▼ 32.8% |
| Trade receivables40 | - | - | - | €17,292 | €25,775 | €26,870 | €23,845 | €9,732 | ▼ 59.2% |
| Other amounts receivable41 | - | - | - | €0 | €1,471 | €1,471 | €5 | €6,298 | ▲ 1,166× |
| Cash at bank and in hand54/58 | €121,166 | €120,452 | €155,016 | €187,060 | €123,454 | €147,063 | €161,904 | €160,648 | ▼ 0.8% |
| Deferred charges and accrued income490/1 | - | - | - | €262 | €407 | €412 | €321 | €342 | ▲ 6.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €217,849 | €223,326 | €245,136 | €276,563 | €221,001 | €236,197 | €241,489 | €228,783 | ▼ 5.3% |
| Equity10/15 | €167,761 | €187,688 | €193,449 | €180,207 | €190,642 | €197,002 | €199,432 | €75,833 | ▼ 62.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €148,745 | €168,672 | €174,433 | €161,191 | €171,626 | €177,986 | €180,416 | €56,817 | ▼ 68.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €159,331 | €169,766 | €177,986 | €180,416 | €56,817 | ▼ 68.5% |
| Profit (loss) carried forward14 | €416 | €416 | €416 | €416 | €416 | €416 | €416 | €416 | = |
| Amounts payable17/49 | €50,088 | €35,638 | €51,687 | €96,356 | €30,358 | €39,195 | €42,057 | €152,950 | ▲ 264% |
| Amounts payable within one year42/48 | €48,465 | €35,469 | €51,625 | €96,277 | €30,358 | €39,079 | €41,982 | €152,475 | ▲ 263% |
| Trade debts44 | €1,359 | €1,095 | €6,475 | €1,789 | €3,101 | €1,307 | €1,039 | €2,160 | ▲ 108% |
| Suppliers440/4 | - | - | - | €1,789 | €3,101 | €1,307 | €1,039 | €2,160 | ▲ 108% |
| Taxes, remuneration and social security45 | - | - | - | €15,029 | €8,850 | €10,733 | €13,194 | €8,980 | ▼ 31.9% |
| Taxes450/3 | - | - | - | €12,704 | €6,503 | €7,704 | €10,187 | €4,904 | ▼ 51.9% |
| Remuneration and social security454/9 | - | - | - | €2,325 | €2,347 | €3,029 | €3,007 | €4,075 | ▲ 35.5% |
| Other amounts payable47/48 | - | - | - | €79,459 | €18,407 | €27,039 | €27,750 | €141,335 | ▲ 409% |
| Accrued charges and deferred income492/3 | - | - | - | €79 | €0 | €116 | €75 | €475 | ▲ 533% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,235 | €19,927 | €23,943 | €23,709 | €24,439 | €27,594 | €22,358 | €6,865 | ▼ 69.3% |
| + Depreciation and write-downs630 | €6,083 | €5,387 | €5,828 | €6,005 | €6,574 | €5,564 | €4,967 | €5,117 | ▲ 3.0% |
| Operating cash flow (approximation) | €27,318 | €25,314 | €29,771 | €29,714 | €31,013 | €33,158 | €27,325 | €11,983 | ▼ 56.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,133 | €0 | -€4,519 | €3,950 | €0 | -€1,466 | - |
| Change in cash | - | -€714 | €34,564 | €32,044 | -€63,606 | €23,609 | €14,841 | -€1,256 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as KP CONSULTING has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KP CONSULTING itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for KP CONSULTING. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00259721 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00239917 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00179476 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00172572 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20187680 | |
| 31-12-2020 | micro format | 20-05-2021 | 2021-14900279 | |
| 31-12-2019 | micro format | 04-05-2020 | 2020-11400101 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-40000054 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-17700492 | |
| 31-12-2016 | micro format | 03-05-2017 | 2017-11400407 |