KQM
ActiveSummary
KQM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €100,409 and a net result of -€10,100. Equity is growing by ~51.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability33▲+20
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 24.23; short-term debt: 2.6% and cash: 54% of total assets), and 2.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€10,100
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-08-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
71 d early
2025
10 d early
2024
9 d early
2023
39 d early
2022
2 d early
2021
10 d late
2020
1 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 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€100,409▼ 9.1%
2025 · €110,509
Total assets
€103,123▼ 6.7%
2025 · €110,509
Net result
-€10,100▼ 98.4%
2025 · -€5,090
Working capital
€63,054▼ 43.0%
2024 · €110,574
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
Line20222023202420252026
Operating result€10,733▲ 80.9%€46,984▲ 338%€120,275▲ 156%-€4,518-€9,714▼ 115%
Net result€6,776▲ 115%€35,287▲ 421%€93,685▲ 165%-€5,090-€10,100▼ 98.4%
Equity€18,627▲ 57.2%€38,914▲ 109%€115,599▲ 197%€110,509▼ 4.4%€100,409▼ 9.1%
Total assets€23,994▲ 43.2%€67,597▲ 182%€133,203▲ 97.1%€110,509▼ 17.0%€103,123▼ 6.7%
Debt€5,367▲ 9.5%€28,683▲ 434%€17,604▼ 38.6%€2,715
Working capital€13,602▲ 134%€33,889▲ 149%€110,574▲ 226%€63,054
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,714 in 2026 against €4,518 in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €103,123
Fixed assets
€37,354 ▼ 28.6%
Current assets
€65,769 ▲ 13.1%
Equity and liabilities €103,123
Equity
€100,409
Debt
€2,715
Debt finances 2.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€279▲
2025 · -€3,037
Cash flow
-€108▲
2025 · -€3,609
Current ratio
24.23
Debt to equity
0.03
ROE
-10.1%▼
2025 · -4.6%
ROA
-9.8%▼
2025 · -4.6%
Interest coverage
3.23▲
2025 · -2.16
Debt ≤ 1 year
€2,715
Income taxes
€153▼
2025 · €163
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €566 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,024 | - | - | €1,481 | €9,992 | ▲ 575% |
| Other operating charges640/8 | - | - | - | €162 | - | - |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Gross operating margin9900 | €11,757 | €46,984 | €120,275 | -€2,875 | €279 | ▲ 110% |
| Operating profit (loss)9901 | €10,733 | €46,984 | €120,275 | -€4,518 | -€9,714 | ▼ 115% |
| Financial income75/76B | - | - | €158 | €997 | €344 | ▼ 65.5% |
| Recurring financial income75 | - | - | €158 | €997 | €344 | ▼ 65.5% |
| Financial charges65/66B | €1,672 | €1,597 | €1,287 | €1,406 | €578 | ▼ 58.9% |
| Recurring financial charges65 | €1,672 | €1,597 | €1,287 | €1,406 | €86 | ▼ 93.9% |
| Non-recurring financial charges66B | - | - | - | - | €492 | - |
| Profit (loss) for the period before taxes9903 | €9,061 | €45,388 | €119,146 | -€4,927 | -€9,947 | ▼ 102% |
| Income taxes67/77 | €2,285 | €10,101 | €25,461 | €163 | €153 | ▼ 6.0% |
| Profit (loss) for the period9904 | €6,776 | €35,287 | €93,685 | -€5,090 | -€10,100 | ▼ 98.4% |
| Profit (loss) for the period to be appropriated9905 | €6,776 | €35,287 | €93,685 | -€5,090 | -€10,100 | ▼ 98.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,994 | €67,597 | €133,203 | €110,509 | €103,123 | ▼ 6.7% |
| Fixed assets21/28 | €5,025 | €5,025 | €5,025 | €52,347 | €37,354 | ▼ 28.6% |
| Tangible fixed assets22/27 | - | €0 | - | €47,322 | €37,329 | ▼ 21.1% |
| Furniture and vehicles24 | - | €0 | - | €47,322 | €37,329 | ▼ 21.1% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €5,025 | €5,025 | €5,025 | €5,025 | €25 | ▼ 99.5% |
| Current assets29/58 | €18,969 | €62,572 | €128,178 | €58,162 | €65,769 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €934 | €705 | €981 | €15,713 | €10,103 | ▼ 35.7% |
| Trade receivables40 | €230 | - | - | €10,309 | €7,652 | ▼ 25.8% |
| Other amounts receivable41 | €704 | €705 | €981 | €5,404 | €2,450 | ▼ 54.7% |
| Current investments50/53 | - | €21,202 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €18,035 | €40,665 | €127,197 | €42,449 | €55,667 | ▲ 31.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,994 | €67,597 | €133,203 | €110,509 | €103,123 | ▼ 6.7% |
| Equity10/15 | €18,627 | €38,914 | €115,599 | €110,509 | €100,409 | ▼ 9.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | €620 | - | - | - | - |
| Reserves not available under the articles1311 | - | €620 | - | - | - | - |
| Distributable reserves133 | €620 | - | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | €11,807 | €32,094 | €108,779 | €103,689 | €93,589 | ▼ 9.7% |
| Amounts payable17/49 | €5,367 | €28,683 | €17,604 | - | €2,715 | - |
| Amounts payable within one year42/48 | €5,367 | €28,683 | €17,604 | - | €2,715 | - |
| Trade debts44 | €229 | - | €604 | - | €77 | - |
| Suppliers440/4 | €229 | - | €604 | - | €77 | - |
| Taxes, remuneration and social security45 | €4,631 | €13,656 | - | - | €2,638 | - |
| Taxes450/3 | €4,631 | €13,656 | - | - | €2,638 | - |
| Other amounts payable47/48 | €507 | €15,028 | €17,000 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,776 | €35,287 | €93,685 | -€5,090 | -€10,100 | ▼ 98.4% |
| + Depreciation and write-downs630 | €1,024 | - | - | €1,481 | €9,992 | ▲ 575% |
| Operating cash flow (approximation) | €7,800 | €35,287 | €93,685 | -€3,609 | -€108 | ▲ 97.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€48,803 | €5,000 | ▲ 110% |
| Change in cash | - | €22,630 | €86,531 | -€84,748 | €13,218 | ▲ 116% |
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 2027, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet -€10,100
Net result drops to -€10,100, the lowest in the series.
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €93,685 ▲165%
Operating result €120,275, net result €93,685, both a record.
31-03
Financial
Liquidity triplescurrent ratio 7.28
Current ratio from 2.18 to 7.28; short-term debt falls from €28,683 to €17,604.
31-03
Financial
Equity above €100,000Eq €115,599 ▲197%
6 profitable years in a row build equity to €115,599.
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
29-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
31-03
Financial
Liquidity doublescurrent ratio 2.18
Current ratio from 1.06 to 2.18; short-term debt falls from €26,516 to €4,900.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Aywaille
Ground area
4,199 m²
Building footprint
107 m²
Parcel 62009D0141/00A000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62009D0141/00A000 | Wallonia | 4,199 m² | 1 · 107 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300FVM0G8P28TJ453
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 40,600 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector