KR Projects
ActiveSummary
KR Projects has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,698 and a net result of -€6,061. Equity has been shrinking by about 20% per year since 2023. Its solvency ranks better than 63% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-06-2022 Normal situation
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.333.320.746 2860 Sint-Katelijne-Waver, since 02-06-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 30-07-2025
Board and ownership
- ANDRIES Kristof AdolfDirector · since 02-06-2022
- TIELEMANS Rudiger FransDirector · since 02-06-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€570
- ▲ 25.0%
- Loss
- €6,061
- ▼ 9.1%
- Equity
- €25,698
- ▼ 19.1%
- Total assets
- €55,698
- ▼ 9.8%
Score breakdownraises riskLoss of €6,061, the second in a row (financial year 2025)lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 1.53, cash €11,804Figures for financial year 2025 (filed on 06-03-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 68, micro). It does better than 61% of them on solvency, 46% on liquidity, 10% on profitability and 22% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 74 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 06-03-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €5,911, smaller than the loss of €6,566 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €40,539 | - | - |
| Depreciation and write-downs of the year | €3,026 | €4,281 | €4,281 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,026 | €4,281 | €4,281 | = |
| Other operating charges640/8 | €612 | €1,524 | €1,060 | ▼ 30.5% |
| Non-recurring operating charges66A | €1,134 | €0 | - | - |
| Gross operating margin9900 | €3,291 | -€760 | -€570 | ▲ 25.0% |
| Operating profit (loss)9901 | -€1,481 | -€6,566 | -€5,911 | ▲ 10.0% |
| Financial charges65/66B | €90 | €105 | €150 | ▲ 42.9% |
| Recurring financial charges65 | €90 | €105 | €150 | ▲ 42.9% |
| Profit (loss) for the period before taxes9903 | -€1,571 | -€6,671 | -€6,061 | ▲ 9.1% |
| Profit (loss) for the period9904 | -€1,571 | -€6,671 | -€6,061 | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | -€1,571 | -€6,671 | -€6,061 | ▲ 9.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €72,550 | €61,758 | €55,698 | ▼ 9.8% |
| Fixed assets21/28 | €18,380 | €14,098 | €9,817 | ▼ 30.4% |
| Tangible fixed assets22/27 | €18,380 | €14,098 | €9,817 | ▼ 30.4% |
| Furniture and vehicles24 | €18,380 | €14,098 | €9,817 | ▼ 30.4% |
| Current assets29/58 | €54,170 | €47,660 | €45,880 | ▼ 3.7% |
| Stocks and contracts in progress3 | €34,030 | €34,030 | €34,030 | = |
| Stocks30/36 | €34,030 | €34,030 | €34,030 | = |
| Amounts receivable within one year40/41 | €174 | €342 | €46 | ▼ 86.6% |
| Other amounts receivable41 | €174 | €342 | €46 | ▼ 86.6% |
| Cash at bank and in hand54/58 | €19,966 | €13,288 | €11,804 | ▼ 11.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €72,550 | €61,758 | €55,698 | ▼ 9.8% |
| Equity10/15 | €38,429 | €31,758 | €25,698 | ▼ 19.1% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€1,571 | -€8,242 | -€14,302 | ▼ 73.5% |
| Amounts payable17/49 | €34,121 | €30,000 | €30,000 | = |
| Amounts payable within one year42/48 | €34,121 | €30,000 | €30,000 | = |
| Other amounts payable47/48 | €34,121 | €30,000 | €30,000 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,571 | -€6,671 | -€6,061 | ▲ 9.1% |
| + Depreciation and write-downs630 | €3,026 | €4,281 | €4,281 | = |
| Operating cash flow (approximation) | €1,455 | -€2,389 | -€1,780 | ▲ 25.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€6,678 | -€1,484 | ▲ 77.8% |
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, 3,223 companies had the same profile as KR Projects has now. Two years later, 87.7% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KR Projects itself is lower: 0.2% within 12 months. It rests on far more data about KR Projects than the profile alone.
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 3,223 companies, not a prediction for KR Projects. 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.
Board & ownership
Directors
Full text
BESTUURSBEVOEGDHEID De enige bestuurder of elke bestuurder afzonderlijk zo er meerdere bestuurders zijn, is bevoegd om alle handelingen te verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp van de vennootschap, tenzij die waarvoor volgens de wet of onderhavige statuten de algemene vergadering bevoegd is. VERTEGENWOORDIGINGBEVOEGDHEID Iedere bestuurder, afzonderlijk optredend, is bevoegd om de vennootschap te vertegenwoordigen in en buiten rechte. De natuurlijke personen die de vennootschap bij handelingen, en dit zowel in als buiten rechte, ten aanzien van derden vertegenwoordigen, dienen bij ondertekening van de betrokken handelingen de naam en hoedanigheid te vermelden krachtens dewelke zij optreden.
Owners and capital
Shareholders
- ANDRIES Kristof Adolf 50 shares (50%) · €20,000
- TIELEMANS Rudiger Frans 50 shares (50%) · €20,000
Capital transactions
- 07-06-2022 Incorporation · €40,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| ANDRIES Kristof Adolf |
|
| TIELEMANS Rudiger Frans |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn, 1”
Articles of association, deed of 07-06-2022 (in Dutch)
Network & group
KR Projects shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of KR Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-06
Gazette deed
IncorporationStarting capital €40,000 · Appointments: ANDRIES Kristof Adolf (director) and TIELEMANS Rudiger Frans (director) · Registered office clause · Pre-incorporation commitments9 points ▸
- Registered office clause, “Vlaams Gewest, 2820 Bonheiden,Oude Schrieksebaan 10” (deed in Dutch)
- Director appointment, ANDRIES Kristof Adolf (director (not named in the articles))
- Director appointment, TIELEMANS Rudiger Frans (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle in naam van vennootschap in oprichting aangegane verbintenissen inclusief in akte” (deed in Dutch)
- Incorporation, 02-06-2022
- Founder, ANDRIES Kristof Adolf
- Founder, TIELEMANS Rudiger Frans
- Founding capital, €40,000
- Kind of shares, 100, “gelijke rechten inclusief stemrecht” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
40 activities
- Het kopen,verkopen,huren,verhuren,bouwen,verbouwen en renoveren van onroerende goederen,het verbouwen van vastgoed eventueel via erkende onderaannemers;
- Het huren,leasen of exploiteren van onroerende goederen en terreinen;
- De verlening van erfpachten,recht van opstal;
- Het verlenen van adviezen in de ruimste zin van het woord op het gebied van beheer en bemiddeling van onroerend goed,de verhuur van woningen,appartementen,kantoren en winkels in eigen beheer of voor derden;
- De projectontwikkeling voor woning en kantoorbouw voor eigen rekening of voor derden;
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa;
- Het opstellen van studies en uitvoeren van marktonderzoeken in de onroerende sector;
- Het maken van schattingsverslagen met betrekking tot onroerende goederen;
- Het leiden van belangrijke herstellingswerkzaamheden aan gebouwen;
- Overige reparaties van consumentenartikelen aan gebouwen;
- Uitvoeren van studies en verlenen van advies in verband met stedenbouwkundige planning en landschapsarchitectuur;
- Berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning,organisatie,efficiëntie;
- Installaties van onderdelen en accessoires,inclusief de ombouw en uitbouwwerkzaamheden;
- Onderneming voor het monteren van nietzelf vervaardigde metalen constructiewerken;
- Onderneming voor het uitvoeren van voegwerken;
- Overige werkzaamheden in verband met de afwerking van gebouwen,niet expliciet genoemd;
- Het snoeien van bomen en heggen;
- Installaties voor stores en zonneschermen;
- Isolatie van koelkamers en pakhuizen;isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen;aanbrengen in gebouwen en andere bouwwerken van thermische isolatiemateriaal en isolatiemateriaal tegen geluid en trillingen;
- Vervaardiging van metalen constructiewerken of gebinten voor de bouw;
- Vervaardiging van deuren,ramen,kozijnen,luiken,jaloezieën,plinten,staaflijsten,uit kunststof;
- Vervaardiging van ander schrijn en timmerwerk;
- Het optreden als beroepsoprichter,bouwpromotor en het realiseren van bouwprojecten;
- De promotie,de ontwikkeling,de organisatie,de commercialisatie van en de begeleiding bij bouwprojecten;
- Algemene bouwonderneming van alle private en openbare werken met inbegrip van de coördinatie der onderaannemingen;
- Onderneming voor het oprichten van alle gebouwen,ruwbouwwerken en onder kap brengen;
- Onderneming voor het leveren en plaatsen van alle geluids en warmte-isolatie,lichte scheidingswanden,valse plafonds en blinde vloeren;
- Onderneming voor timmerwerken;
- Onderneming voor alle soorten dakbedekking,zowel in asfaltwerken of gelijkaardige producten als niet metalen en nietasfalt bedekkingen;onderneming voor zinkwerken en metalen dakbedekking;
- Onderneming voor alle tegelwerken,plafonnering en cementeringswerken;
- Onderneming voor sanitaire installaties en verwarmingsinstallaties met gas door middel van individuele toestellen en alle andere verwarmingsinstallaties van welke aard ook;
- Algemene onderneming van wegenbouwkundige werken,rioleringswerken en leggen van allerhande leidingen voor transport en verdeling van water,gas,vloeibare of gasvormige producten;
- Onderneming voor bitumineuze verhardingen en bestrijkingen;
- Onderneming voor alle afbraakwerken;
- Algemene onderneming voor nietmetalen kunstwerken;
- Aanneming van alle grondwerken;
- De aan en verkoop van gebouwen;
- Groot en kleinhandel in alle bouwmaterialen;
- Onderneming in en voor alle vervoer langs de weg;
- Makelaar in onroerende goederen.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0786.769.671
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12005C0107/00W004 | Flanders | 1,565 m² | 1 · 240 m² | 11.6 m · 2 |
| 12035E0443/00T000 | Flanders | 623 m² | 1 · 271 m² | 10.9 m · 2 |