KPsystems
ActiveSummary
KPsystems has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172,653 and a net result of €9,592. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+38
Solvency60▲+7
Growth75▲+17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.23 in 2024; short-term debt: 55.9% and cash: 0.2% of total assets), and 65.4% 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
34.6%
Return on assets
1.9%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
153 d late
2023
61 d early
2022
6 d early
2021
9 d late
2020
93 d early
2019
122 d early
← 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 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€422,179▼ 48.1%
2019 · €814,220
EBIT margin
13.4%▲ 1.8pp
2019 · 11.7%
Net result
€9,592
2024 · -€41,793
Working capital
€100,329▲ 11.7%
2024 · €89,850
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€69,373▲ 22.3%€28,237▼ 59.3%€57,653▲ 104%-€24,699€16,799
Net result€42,262▼ 2.2%€10,238▼ 75.8%€14,822▲ 44.8%-€41,793€9,592
EBIT margin
Equity€179,795▲ 30.7%€190,033▲ 5.7%€204,855▲ 7.8%€163,062▼ 20.4%€172,653▲ 5.9%
Total assets€498,843▲ 48.8%€796,233▲ 59.6%€685,469▼ 13.9%€581,922▼ 15.1%€499,622▼ 14.1%
Debt€319,048▲ 61.4%€606,200▲ 90.0%€480,614▼ 20.7%€418,860▼ 12.8%€326,969▼ 21.9%
Working capital-€101,956€13,628€182,887▲ 1,242%€89,850▼ 50.9%€100,329▲ 11.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,799 after a loss of €24,699 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €499,622
Fixed assets
€119,911 ▲ 9.8%
Current assets
€379,711 ▼ 19.7%
Equity and liabilities €499,622
Equity
€172,653 ▲ 5.9%
Debt
€326,969 ▼ 21.9%
Debt's share of the balance-sheet total falls from 72.0% to 65.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,988▲
2024 · -€9,274
Cash flow
€15,780▲
2024 · -€26,369
Current ratio
1.36▲
2024 · 1.23
Quick ratio
0.71▼
2024 · 0.75
Debt to equity
1.89▼
2024 · 2.57
ROE
5.6%▲
2024 · -25.6%
ROA
1.9%▲
2024 · -7.2%
Interest coverage
3.19▲
2024 · -0.54
Debt ≤ 1 year
€279,382▼
2024 · €382,893
Debt > 1 year
€47,586▲
2024 · €35,967
Staff costs
€419▼
2024 · €5,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,040 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
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 higher bankruptcy probability: 0.9% 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 497,058 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% | 1.6% |
| 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 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 6,040 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,000 | €500 | €3,197 | €3,984 | - | - |
| Remuneration, social security and pensions62 | €5,176 | €8,520 | €8,478 | €5,512 | €419 | ▼ 92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,303 | €23,022 | €17,395 | €15,425 | €6,188 | ▼ 59.9% |
| Other operating charges640/8 | €940 | €1,152 | €2,922 | €2,989 | €484 | ▼ 83.8% |
| Non-recurring operating charges66A | €9,940 | €2,700 | - | - | €6,655 | - |
| Gross operating margin9900 | €104,731 | €63,631 | €86,448 | -€773 | €30,546 | ▲ 4,052% |
| Operating profit (loss)9901 | €69,373 | €28,237 | €57,653 | -€24,699 | €16,799 | ▲ 168% |
| Financial income75/76B | €6 | - | €2 | €1 | €1 | ▼ 7.8% |
| Recurring financial income75 | €6 | - | €2 | €1 | €1 | ▼ 7.8% |
| Financial charges65/66B | €4,593 | €13,248 | €32,545 | €17,096 | €7,208 | ▼ 57.8% |
| Recurring financial charges65 | €4,593 | €13,248 | €32,545 | €17,096 | €7,208 | ▼ 57.8% |
| Profit (loss) for the period before taxes9903 | €64,785 | €14,989 | €25,110 | -€41,793 | €9,592 | ▲ 123% |
| Income taxes67/77 | €22,523 | €4,751 | €10,288 | - | - | - |
| Profit (loss) for the period9904 | €42,262 | €10,238 | €14,822 | -€41,793 | €9,592 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €42,262 | €10,238 | €14,822 | -€41,793 | €9,592 | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €498,843 | €796,233 | €685,469 | €581,922 | €499,622 | ▼ 14.1% |
| Fixed assets21/28 | €300,250 | €292,519 | €122,145 | €109,179 | €119,911 | ▲ 9.8% |
| Intangible fixed assets21 | €87,005 | €87,005 | €87,005 | €87,005 | €87,005 | = |
| Tangible fixed assets22/27 | €204,440 | €192,809 | €26,440 | €13,474 | €24,206 | ▲ 79.7% |
| Land and buildings22 | €158,992 | €158,872 | €3,000 | €2,000 | €1,000 | ▼ 50.0% |
| Plant, machinery and equipment23 | €13,750 | €10,908 | €11,823 | €8,345 | €5,110 | ▼ 38.8% |
| Furniture and vehicles24 | €31,698 | €23,030 | €11,617 | €3,129 | €18,096 | ▲ 478% |
| Financial fixed assets28 | €8,805 | €12,705 | €8,700 | €8,700 | €8,700 | = |
| Current assets29/58 | €198,593 | €503,714 | €563,324 | €472,743 | €379,711 | ▼ 19.7% |
| Stocks and contracts in progress3 | €39,980 | €92,140 | €212,900 | €184,251 | €181,421 | ▼ 1.5% |
| Stocks30/36 | €39,980 | €92,140 | €212,900 | €184,251 | €181,421 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €124,787 | €397,482 | €343,750 | €280,769 | €196,786 | ▼ 29.9% |
| Trade receivables40 | €117,982 | €368,129 | €343,522 | €68,988 | €92,206 | ▲ 33.7% |
| Other amounts receivable41 | €6,805 | €29,353 | €228 | €211,781 | €104,580 | ▼ 50.6% |
| Cash at bank and in hand54/58 | €32,925 | €12,918 | €6,090 | €2,665 | €797 | ▼ 70.1% |
| Deferred charges and accrued income490/1 | €901 | €1,174 | €584 | €5,058 | €708 | ▼ 86.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €498,843 | €796,233 | €685,469 | €581,922 | €499,622 | ▼ 14.1% |
| Equity10/15 | €179,795 | €190,033 | €204,855 | €163,062 | €172,653 | ▲ 5.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €161,195 | €171,433 | €186,255 | €186,255 | €186,255 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €159,335 | €169,573 | €184,395 | €184,395 | €184,395 | = |
| Profit (loss) carried forward14 | - | - | - | -€41,793 | -€32,202 | ▲ 23.0% |
| Amounts payable17/49 | €319,048 | €606,200 | €480,614 | €418,860 | €326,969 | ▼ 21.9% |
| Amounts payable after more than one year17 | €18,500 | €116,114 | €100,177 | €35,967 | €47,586 | ▲ 32.3% |
| Financial debts170/4 | €18,500 | €116,114 | €100,177 | €35,967 | €47,586 | ▲ 32.3% |
| Amounts payable within one year42/48 | €300,548 | €490,086 | €380,437 | €382,893 | €279,382 | ▼ 27.0% |
| Current portion of amounts payable after more than one year42 | €230,010 | €361,612 | €270,606 | €149,735 | €53,570 | ▼ 64.2% |
| Trade debts44 | €58,503 | €114,634 | €83,992 | €54,848 | €41,537 | ▼ 24.3% |
| Suppliers440/4 | €58,503 | €114,634 | €83,992 | €54,848 | €41,537 | ▼ 24.3% |
| Taxes, remuneration and social security45 | €10,204 | €10,824 | €25,784 | €46,975 | €40,308 | ▼ 14.2% |
| Taxes450/3 | €9,781 | €10,347 | €25,635 | €46,975 | €40,308 | ▼ 14.2% |
| Remuneration and social security454/9 | €422 | €476 | €148 | - | - | - |
| Other amounts payable47/48 | €1,832 | €3,016 | €56 | €131,335 | €143,968 | ▲ 9.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,262 | €10,238 | €14,822 | -€41,793 | €9,592 | ▲ 123% |
| + Depreciation and write-downs630 | €19,303 | €23,022 | €17,395 | €15,425 | €6,188 | ▼ 59.9% |
| Operating cash flow (approximation) | €61,564 | €33,260 | €32,217 | -€26,369 | €15,780 | ▲ 160% |
| Investment in fixed assets (approximation) | - | -€15,291 | €152,979 | -€2,458 | -€16,921 | ▼ 588% |
| Change in cash | - | -€20,007 | -€6,828 | -€3,425 | -€1,868 | ▲ 45.5% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €9,592
Net result €9,592 after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Weakest financial yearnet -€41,793
Net result drops to -€41,793, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €204,855 ▲7.8%
5 profitable years in a row build equity to €204,855.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Equity above €150,000Eq €179,795 ▲30.7%
3 profitable years in a row build equity to €179,795.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €137,533 ▲45.8%
2 profitable years in a row build equity to €137,533.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €63,160
Net result €63,160 after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 90 days late
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Beringen · 1 establishment unit since 2014
Ground area
1,899 m²
Building footprint
608 m²
Volume, LiDAR
4,102 m³
Parcel 71029B2013/00E000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
KPsystems
since 20142.231.641.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B2013/00E000 | Flanders | 1,899 m² | 1 · 608 m² | 11.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 5 endedInterieurbouwer duaal (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Show 5 ended approvals
Binnenschrijnwerker (so)
Plaatser binnenschrijnwerk (so)
Plaatser interieurelementen (so)
Productiemedewerker interieurbouw (so)
Werkplaatsbinnenschrijnwerker hout (so)
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,492. 4,645 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
Founded26-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43350Other building finishing work
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
96220Beauty care and other beauty treatments
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0552962851
Also
9925:BE0552962851
Registered
24-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.