KS Construct
ActiveSummary
KS Construct has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €335,887 and a net result of €19,909. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 84% of 417 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, micro format
Equity
€335,887▲ 6.3%
2024 · €315,978
Total assets
€419,669▲ 3.6%
2024 · €404,963
Net result
€19,909
2024 · -€5,741
Working capital
-€26,613▲ 48.4%
2024 · -€51,597
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €20,154 after a loss of €5,334 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€20,154
2025
Net result€19,909
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€419,669
2025
Equity€335,887
2025
Debt€83,782
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€26,613
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency80.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.68
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€29,359-€8,347▼ 71.6%€4,107▼ 50.8%-€1,513-€1,749▼ 15.6%-€5,519▼ 215%-€5,334▲ 3.3%€20,154
Net result€29,300-€8,143▼ 72.2%€3,746within the sector's middle half▼ 54.0%-€2,105below the sector's middle half-€2,320below the sector's middle half▼ 10.2%-€6,295below the sector's middle half▼ 171%-€5,741below the sector's middle half▲ 8.8%€19,909within the sector's middle half
Equity€320,755-€328,897▲ 2.5%€332,643above the sector's middle half▲ 1.1%€330,539above the sector's middle half▼ 0.6%€328,218above the sector's middle half▼ 0.7%€321,719above the sector's middle half▼ 2.0%€315,978above the sector's middle half▼ 1.8%€335,887above the sector's middle half▲ 6.3%
Total assets€390,151-€398,116▲ 2.0%€435,323within the sector's middle half▲ 9.3%€432,107within the sector's middle half▼ 0.7%€421,626within the sector's middle half▼ 2.4%€412,394within the sector's middle half▼ 2.2%€404,963within the sector's middle half▼ 1.8%€419,669above the sector's middle half▲ 3.6%
Debt€69,397-€69,219▼ 0.3%€102,680▲ 48.3%€101,568▼ 1.1%€93,408▼ 8.0%€90,675▼ 2.9%€88,986▼ 1.9%€83,782▼ 5.8%
Working capital-€41,383--€33,603▲ 18.8%-€38,868below the sector's middle half▼ 15.7%-€40,273below the sector's middle half▼ 3.6%-€42,008below the sector's middle half▼ 4.3%-€48,036below the sector's middle half▼ 14.4%-€51,597below the sector's middle half▼ 7.4%-€26,613below the sector's middle half▲ 48.4%
Solvency82.2%-82.6%▲ 0.4pp76.4%above the sector's middle half▼ 6.2pp76.5%above the sector's middle half▲ 0.1pp77.8%above the sector's middle half▲ 1.4pp78.0%above the sector's middle half▲ 0.2pp78.0%above the sector's middle half=80.0%above the sector's middle half▲ 2.0pp
Current ratio0.40-0.51▲ 0.110.49below the sector's middle half▼ 0.020.51below the sector's middle half▲ 0.020.48below the sector's middle half▼ 0.030.44below the sector's middle half▼ 0.040.42below the sector's middle half▼ 0.020.68below the sector's middle half▲ 0.26
Return on assets (ROA)7.5%-2.0%▼ 5.5pp0.9%within the sector's middle half▼ 1.2pp-0.5%below the sector's middle half▼ 1.3pp-0.6%within the sector's middle half▼ 0.1pp-1.5%within the sector's middle half▼ 1.0pp-1.4%within the sector's middle half▲ 0.1pp4.7%within the sector's middle half▲ 6.2pp
above
within
below
the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €419,669
Fixed assets
€362,500 ▼ 1.4%
Current assets
€57,169 ▲ 52.9%
Equity and liabilities €419,669
Equity
€335,887 ▲ 6.3%
Debt
€83,782 ▼ 5.8%
Debt's share of the balance-sheet total falls from 22.0% to 20.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,229▲
2024 · €2,278
Cash flow
€24,984▲
2024 · €1,871
Debt to equity
0.25▼
2024 · 0.28
ROE
5.9%▲
2024 · -1.8%
Interest coverage
over 100▲
2024 · 5.60
Debt ≤ 1 year
€83,782▼
2024 · €88,986
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
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 | - | - | €2,537 | €7,612 | €7,612 | €7,612 | €7,612 | €5,075 | ▼ 33.3% |
| Other operating charges640/8 | - | - | - | €604 | €206 | €1,226 | €687 | €833 | ▲ 21.2% |
| Gross operating margin9900 | €29,855 | €9,215 | €7,182 | €6,703 | €6,070 | €3,320 | €2,965 | €26,062 | ▲ 779% |
| Operating profit (loss)9901 | €29,359 | €8,347 | €4,107 | -€1,513 | -€1,749 | -€5,519 | -€5,334 | €20,154 | ▲ 478% |
| Recurring financial income75 | €1 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €592 | €571 | €776 | €407 | €245 | ▼ 39.8% |
| Recurring financial charges65 | €60 | €204 | €361 | €592 | €571 | €776 | €407 | €245 | ▼ 39.8% |
| Profit (loss) for the period before taxes9903 | €29,300 | €8,143 | €3,746 | -€2,105 | -€2,320 | -€6,295 | -€5,741 | €19,909 | ▲ 447% |
| Profit (loss) for the period9904 | €29,300 | €8,143 | €3,746 | -€2,105 | -€2,320 | -€6,295 | -€5,741 | €19,909 | ▲ 447% |
| Profit (loss) for the period to be appropriated9905 | €29,300 | €8,143 | €3,746 | -€2,105 | -€2,320 | -€6,295 | -€5,741 | €19,909 | ▲ 447% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €390,151 | €398,116 | €435,323 | €432,107 | €421,626 | €412,394 | €404,963 | €419,669 | ▲ 3.6% |
| Fixed assets21/28 | €362,500 | €362,500 | €398,025 | €390,412 | €382,800 | €375,187 | €367,575 | €362,500 | ▼ 1.4% |
| Tangible fixed assets22/27 | - | - | €35,525 | €27,912 | €20,300 | €12,687 | €5,075 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €27,912 | €20,300 | €12,687 | €5,075 | €0 | ▼ 100% |
| Financial fixed assets28 | €362,500 | €362,500 | €362,500 | €362,500 | €362,500 | €362,500 | €362,500 | €362,500 | = |
| Current assets29/58 | €27,651 | €35,616 | €37,298 | €41,695 | €38,826 | €37,207 | €37,388 | €57,169 | ▲ 52.9% |
| Amounts receivable within one year40/41 | €27,225 | €35,067 | €31,539 | €39,050 | €36,850 | €36,075 | €36,131 | €51,005 | ▲ 41.2% |
| Trade receivables40 | - | - | - | €39,050 | €36,850 | €36,075 | €36,075 | €50,581 | ▲ 40.2% |
| Other amounts receivable41 | - | - | - | - | - | - | €56 | €424 | ▲ 654% |
| Cash at bank and in hand54/58 | €127 | €338 | €4,411 | €1,321 | €777 | €135 | €247 | €5,310 | ▲ 2,049% |
| Deferred charges and accrued income490/1 | - | - | - | €1,323 | €1,199 | €996 | €1,010 | €854 | ▼ 15.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €390,151 | €398,116 | €435,323 | €432,107 | €421,626 | €412,394 | €404,963 | €419,669 | ▲ 3.6% |
| Equity10/15 | €320,755 | €328,897 | €332,643 | €330,539 | €328,218 | €321,719 | €315,978 | €335,887 | ▲ 6.3% |
| Contributions10/11 | €368,700 | €368,700 | - | €368,700 | €368,700 | €368,700 | €368,700 | €368,700 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| 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 | = |
| Profit (loss) carried forward14 | -€49,805 | -€41,663 | -€37,917 | -€40,021 | -€42,342 | -€48,841 | -€54,582 | -€34,673 | ▲ 36.5% |
| Amounts payable17/49 | €69,397 | €69,219 | €102,680 | €101,568 | €93,408 | €90,675 | €88,986 | €83,782 | ▼ 5.8% |
| Amounts payable after more than one year17 | - | - | €26,514 | €19,601 | €12,574 | €5,433 | €0 | - | - |
| Financial debts170/4 | - | - | - | €19,601 | €12,574 | €5,433 | €0 | - | - |
| Amounts payable within one year42/48 | €69,034 | €69,219 | €76,166 | €81,968 | €80,834 | €85,243 | €88,986 | €83,782 | ▼ 5.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,914 | €7,027 | €7,731 | €5,433 | €0 | ▼ 100% |
| Trade debts44 | €1,689 | €242 | €332 | €337 | €1,026 | €2,334 | €1,774 | €2,190 | ▲ 23.4% |
| Suppliers440/4 | - | - | - | €337 | €1,026 | €2,334 | €1,774 | €2,190 | ▲ 23.4% |
| Taxes, remuneration and social security45 | - | - | - | €1,505 | €1,540 | €3,036 | €2,036 | €1,903 | ▼ 6.5% |
| Taxes450/3 | - | - | - | €1,505 | €1,540 | €3,036 | €2,036 | €1,903 | ▼ 6.5% |
| Other amounts payable47/48 | - | - | - | €73,212 | €71,242 | €72,142 | €79,744 | €79,690 | ▼ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,300 | €8,143 | €3,746 | -€2,105 | -€2,320 | -€6,295 | -€5,741 | €19,909 | ▲ 447% |
| + Depreciation and write-downs630 | - | - | €2,537 | €7,612 | €7,612 | €7,612 | €7,612 | €5,075 | ▼ 33.3% |
| Operating cash flow (approximation) | €29,300 | €8,143 | €6,284 | €5,508 | €5,292 | €1,317 | €1,871 | €24,984 | ▲ 1,235% |
| Investment in fixed assets (approximation) | - | €0 | -€38,062 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €211 | €4,073 | -€3,090 | -€545 | -€642 | €112 | €5,063 | ▲ 4,430% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 397 companies in this sector, figures are known for 316. 205 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from August 2022 to September 2026 are still being read.