Turnover
≈ €200,000 estimated
The micro format states no turnover.
KRP Projects
Overview
Lifetime
1 annual account with figurespeak €33,000 (2025)
€33,000
peak €23,329 (2025)
€23,329
peak €25,829 (2025)
€25,829
€26,804
Board1 name since 2024
1 directorPETTERSEN Kjell-Rainer
Documentsfilings and deeds
31-08-202631 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€2,500 100 shares
2025 accounts filed 31 days after the deadline
Checked score
56
Fair
Financially stronger than 60% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 1.9%
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 2.0%▲ +0.1 percentage points vs 02-2026
04-2026: 2.4%▲ +0.4 percentage points vs 03-2026
05-2026: 2.4%● unchanged vs 04-2026
06-2026: 2.7%▲ +0.3 percentage points vs 05-2026
07-2026: 3.0%▲ +0.3 percentage points vs 06-2026
08-2026: 3.0%● unchanged vs 07-2026highest value
09-2026: 1.6%▼ -1.4 percentage points vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026lowest value
11-2026: 1.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €52,632
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 1.72, cash €8,578
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 43, micro). It does better than 53% of them on solvency, 35% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 07-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as KRP Projects has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of KRP Projects itself is higher: 1.6% within 12 months. It rests on far more data about KRP Projects than the profile alone.
Test of the method
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 11,279 companies, not a prediction for KRP 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.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.72, above the usual 1.5. Short-term debt is 50.9% and cash 16.3% of total assets. However, 50.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017271068
Incorporation
Founding capital of €2,500, 100 shares · Founder: PETTERSEN Kjell-Rainer · Appointment: PETTERSEN Kjell-Rainer (director) · published on 16-12-2024 · Gazette deed
First establishment
Zevenhoevenstraat 20, Dendermonde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KRP Projects Dendermonde | €52,632 | €33,000 | 49.1% | - |
| JR CONSTRUCT Zottegem | €51,362 | €32,696 | 48.7% | - |
| Daan Roman Oudenaarde | €51,874 | €37,286 | 61.6% | - |
| DIFFERENT STEELCRAFT Oosterzele | €62,369 | €32,594 | 35.2% | - |
| SPECTRUM Kluisbergen | €61,074 | €39,865 | 46.4% | - |
| Schrijnwerkerij Walschaerts Zaventem | €55,566 | €31,122 | 46.7% | - |
| SCHRIJNWERKERIJ J.V.T. Hulshout | €56,769 | €32,029 | 47.5% | - |
These companies have the same main activity as KRP Projects: joinery installation (NACE 43320). They are comparable in size and age: total assets between €51,400 and €62,400, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 12-12-2024Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.367.648.5519200 Dendermonde, since 12-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2024
Insights on KRP Projects
The computed 12-month bankruptcy probability of KRP Projects is 1.6% (moderate). The 2025 annual accounts show equity of €25,829 and a net result of €23,329.
Its solvency ranks better than 53% of 35,119 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-08-2026, 31 days late€33,000
€29,894
€23,329
€19,336
49.1%
1.72
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €150,000 and €340,000.
Balance sheet
balance sheet total €52,632 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
49.1%
Higher than 53% of 35,119 companies in 2025.
1.72
Higher than 47% of 34,493 companies in 2025.
44.3%
Higher than 93% of 34,694 companies in 2025.
KRP Projects
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
52,632 | |
21/28 |
6,492 | |
22/27 |
6,492 | |
23 |
5,028 | |
24 |
1,465 | |
29/58 |
46,140 | |
40/41 |
37,156 | |
40 |
29,294 | |
41 |
7,862 | |
54/58 |
8,578 | |
490/1 |
406 | |
| Balance sheet: equity and liabilities | ||
10/49 |
52,632 | |
10/15 |
25,829 | |
10/11 |
2,500 | |
14 |
23,329 | |
17/49 |
26,804 | |
42/48 |
26,804 | |
44 |
18,490 | |
440/4 |
18,490 | |
45 |
8,314 | |
450/3 |
6,514 | |
454/9 |
1,800 | |
| Income statement | ||
9900 |
33,000 | |
630 |
2,267 | |
640/8 |
838 | |
9901 |
29,894 | |
75/76B |
161 | |
75 |
161 | |
65/66B |
212 | |
65 |
212 | |
9903 |
29,843 | |
67/77 |
6,514 | |
9904 |
23,329 | |
9905 |
23,329 | |
| Appropriation of the result | ||
9906 |
23,329 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00475494.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00475494 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 32,162 | ||
| 25,596 | ||
| 8,760 | ||
| 19,336 | ||
| 49.1% | ||
| 1.72 | ||
| 1.04 | ||
| 90.3% | ||
| 44.3% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €8,760 |
| €2,267 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on KRP Projects
Debt's share of the balance-sheet total is 50.9%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 12-12-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 31-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 16-12-2024
Mandates through the years
1 name, the dashed line is todayPETTERSEN Kjell-Rainer
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- PETTERSEN Kjell-Rainer
- Director (not named in the articles), from 12-12-2024 to date
Control
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €258 in 2025
- Source
- deed of 16-12-2024
Articles of association
deed of 16-12-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00
Shareholders
At incorporation
deed of 16-12-2024 ↗
- PETTERSEN Kjell-Rainer 100 shares (100%) · €2,500
Network & group
No group
KRP Projects has no parent and no holdings in its annual accounts. PETTERSEN Kjell-Rainer is the only director. KRP Projects shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017271068
IncorporationFounding capital of €2,500, 100 shares · Founder: PETTERSEN Kjell-Rainer · Appointment: PETTERSEN Kjell-Rainer (director) · published on 16-12-20243 points ▸
- Founder, PETTERSEN Kjell-Rainer
- Founding capital, €2,500, 100 shares
- Director appointment, PETTERSEN Kjell-Rainer (director (not named in the articles))
- The deed holds 1 more point.
First establishment Zevenhoevenstraat 20, Dendermonde
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1017.271.068
- VAT number
- BE 1017.271.068
- Peppol ID
- 0208:1017271068
- Other Peppol ID
- 9925:BE1017271068
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-12-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00deed of 16-12-2024 (in Dutch)
- Peppol
- Reachable since 26-12-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- KRP Projects in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-12-2024 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- KRP Projectsdeed of 16-12-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Zevenhoevenstraat 20”deed of 16-12-2024 (in Dutch)
Activities
NACEBEL 202543320
Joinery installation main activity
Codes under NACEBEL 2008
43320
Joinery installation main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het schilderen van gebouwen; Het schilderen van binnen- en buitenwerken van gebouwen; Elektriciteitswerken aan gebouwen; Schrijnwerk…”deed of 16-12-2024 (in Dutch)
22 activities
- Het schilderen van gebouwen
- Het schilderen van binnen- en buitenwerken van gebouwen
- Elektriciteitswerken aan gebouwen
- Schrijnwerk
- Loodgieterswerk
- Dakwerkzaamheden
- Gevelreiniging
- Het behandelen van muren met vochtwerende en waterafstotende producten
- Het reinigen van gevels
- Overige werkzaamheden in verband met afwerking van gebouwen en dergelijke
- Het plaatsen van behang, vloerbekleding en wandbekleding van allerlei materialen
- Raamdecoratie
- Plaatsen gyproc
- Pleisterwerken
- Tuinwerkzaamheden
- Invoer, uitvoer, kleinhandel en groothandel in alle producten welke nodig zijn voor de uitvoering van de bovenvermelde activiteiten
- Projectleiding
- Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van administratie, planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, marketing, public relations, enz
- Publiciteitsonderneming
- Patrimoniumvennootschap
- Projectontwikkeling
- Beheren van roerende en onroerende goederen, welke onder meer omvat de verwerving, de vervreemding het beheer, de uitbating, de huur en de verhuur ervan
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Zevenhoevenstraat 20 registered office 9200 Dendermonde | 12-12-2024 | 2.367.648.551 |
Buildings and parcels at the address
- Ground area
- 151 m²
- Buildings
- 72 m²
- Volume, LiDAR
- 447 m³
- Tallest building
- 9.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42002B0509/00G000 | 151 m² | 1 · 72 m² | 9.3 m · 2 |
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 1017.271.068