Losses
Every financial year from 2017 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2017 to 2025 closed with a loss. 2024 was the heaviest.
Five of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Higher solvency than 95% of companies in wholesale trade. Sector median 40.5% · 13,779 companies.
The dashed line is the sector median: 0.4% across 26,900 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 90% of them on solvency, 98% on liquidity, 23% on profitability and 30% on growth.
The bankruptcy probability was computed on 05-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 6,908 companies had the same profile as KS Projecten has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KS Projecten itself: 0.1% within 12 months.
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 6,908 companies, not a prediction for KS Projecten. 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.
Liquidity is ample, with a current ratio of 39.36 (43.09 in 2024), above the usual 1.5. Short-term debt is 2.5% and cash 100% of total assets. 2.5% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| KS Projecten Pelt | €11,186 | -€599 | 97.5% | - |
| VEPAD Zoersel | €20,170 | -€1,773 | 38.3% | - |
| DOMSYS Antwerp | €14,067 | -€3,386 | 26.1% | - |
| JONISA Dilbeek | €33,316 | €2,006 | 42.9% | - |
| ER-IZ GROUP Steenokkerzeel | €21,796 | €4,456 | -29.2% | - |
| BETCO FILMS Herstal | €10,073 | €2,562 | -53.6% | - |
| Sacharo Lennik | €44,589 | €3,726 | 15.5% | - |
These companies have the same main activity as KS Projecten: wholesale of electrical household appliances and audio-video equipment (NACE 46431). They are comparable in size and age: total assets between €10,100 and €44,600, founded between 2007 and 2017.
KS Projecten files the micro format. That format states no turnover. The gross margin fell from €1,916 in 2015 to -€599 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 95% of 13,779 companies in 2025.
Higher than 95% of 13,158 companies in 2025.
Higher than 20% of 13,337 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
11,186 | 11,914 | 13,951 | 14,788 | 15,570 | 16,449 | 17,164 | 18,198 | 18,723 | 20,685 | 27,658 | |
29/58 |
11,186 | 11,914 | 13,951 | 14,788 | 15,570 | 16,449 | 17,164 | 18,198 | 18,723 | 20,685 | 27,658 | |
40/41 |
- | - | - | - | - | - | - | - | 293 | 226 | 1,569 | |
40 |
- | - | - | - | - | - | - | - | - | 113 | 395 | |
41 |
- | - | - | - | - | - | - | - | 293 | 113 | 1,174 | |
54/58 |
11,186 | 11,914 | 13,951 | 14,788 | 15,570 | 16,449 | 17,164 | 18,198 | 18,430 | 20,459 | 26,089 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
11,186 | 11,914 | 13,951 | 14,788 | 15,570 | 16,449 | 17,164 | 18,198 | 18,723 | 20,685 | 27,658 | |
10/15 |
10,902 | 11,637 | 13,932 | 14,769 | 15,552 | 16,319 | 17,096 | 18,179 | 18,704 | 19,686 | 19,359 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 1,086 | 759 | |
130/1 |
54 | 54 | 54 | 54 | 54 | 54 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 54 | 54 | 54 | 54 | 38 | |
1311 |
54 | 54 | 54 | 54 | 54 | 54 | - | - | - | - | - | |
133 |
50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 1,032 | 721 | |
14 |
-7,802 | -7,067 | -4,772 | -3,935 | -3,153 | -2,386 | -1,609 | -525 | - | - | - | |
17/49 |
284 | 276 | 19 | 19 | 19 | 131 | 69 | 19 | 19 | 999 | 8,299 | |
42/48 |
284 | 276 | 19 | 19 | 19 | 131 | 69 | 19 | 19 | 999 | 8,299 | |
44 |
266 | 258 | - | - | - | 112 | 50 | - | - | 400 | 4,430 | |
440/4 |
266 | 258 | - | - | - | 112 | 50 | - | - | 400 | 4,430 | |
46 |
- | - | - | - | - | - | - | - | - | - | 3,655 | |
45 |
- | - | - | - | - | - | - | - | - | 6 | 214 | |
450/3 |
- | - | - | - | - | - | - | - | - | 6 | 214 | |
47/48 |
19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 594 | - | |
| Income statement | ||||||||||||
9900 |
-599 | -1,722 | -316 | -299 | -297 | -297 | -599 | -421 | -557 | 779 | 1,916 | |
640/8 |
112 | 549 | 496 | 460 | 460 | 460 | 460 | 89 | 410 | 437 | 425 | |
9901 |
-711 | -2,271 | -813 | -759 | -756 | -756 | -1,058 | -510 | -966 | 342 | 1,492 | |
75/76B |
- | - | - | - | - | - | - | - | - | 50 | 1 | |
75 |
- | - | - | - | - | - | - | - | - | 50 | 1 | |
65/66B |
24 | 24 | 24 | 24 | 11 | 21 | 26 | 15 | 15 | 60 | 519 | |
65 |
24 | 24 | 24 | 24 | 11 | 21 | 26 | 15 | 15 | 60 | 519 | |
9903 |
-735 | -2,295 | -837 | -783 | -767 | -777 | -1,084 | -525 | -981 | 333 | 973 | |
67/77 |
- | - | - | - | - | - | - | - | - | 6 | 214 | |
9904 |
-735 | -2,295 | -837 | -783 | -767 | -777 | -1,084 | -525 | -981 | 327 | 759 | |
9905 |
-735 | -2,295 | -837 | -783 | -767 | -777 | -1,084 | -525 | -981 | 327 | 759 | |
| Appropriation of the result | ||||||||||||
9906 |
-7,802 | -7,067 | -4,772 | -3,935 | -3,153 | -2,386 | -1,609 | -525 | -981 | 327 | 759 | |
14P |
-7,067 | -4,772 | -3,935 | -3,153 | -2,386 | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | 981 | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 327 | 759 | |
6920 |
- | - | - | - | - | - | - | - | - | 16 | 38 | |
6921 |
- | - | - | - | - | - | - | - | - | 310 | 721 | |
| Document | ||||||||||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-08-2026.
2025 annual accounts filed 21 days after the deadline. Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412790.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00412790 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00355676 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00165050 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00157465 | |
| 31-12-2021 | micro format | 02-08-2022 | 2022-20266466 | |
| 31-12-2020 | micro format | 17-08-2021 | 2021-49400248 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66100582 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42300504 | |
| 31-12-2017 | micro format | 26-07-2018 | 2018-38000568 | |
| 31-12-2016 | micro format | 16-08-2017 | 2017-43700100 | |
| 31-12-2015 | abbreviated format | 01-08-2016 | 2016-38400068 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -727 | -2,037 | -837 | -783 | -879 | -715 | -1,034 | -233 | -2,028 | -5,631 | - | ||
| 10,902 | 11,637 | 13,932 | 14,769 | 15,552 | 16,319 | 17,096 | 18,179 | 18,704 | 19,686 | 19,359 | ||
| 97.5% | 97.7% | 99.9% | 99.9% | 99.9% | 99.2% | 99.6% | 99.9% | 99.9% | 95.2% | 70.0% | ||
| 39.36 | 43.09 | - | - | - | - | - | - | - | 20.70 | 3.33 | ||
| 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.05 | 0.43 | ||
| -6.7% | -19.7% | -6.0% | -5.3% | -4.9% | -4.8% | -6.3% | -2.9% | -5.2% | 1.7% | 3.9% | ||
| -6.6% | -19.3% | -6.0% | -5.3% | -4.9% | -4.7% | -6.3% | -2.9% | -5.2% | 1.6% | 2.7% |
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.
The operating result for 2025 is a loss of €711, smaller than the loss of €2,271 in 2024.
Debt's share of the balance-sheet total rises from 2.3% to 2.5%. Equity is lower and debt is higher.
KS Projecten has no parent and no holdings in its annual accounts. KS Projecten shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Lieven Bauwenslaan 1 registered office 3900 Pelt 4643101 Wholesale of electrical household appliances and audio-video equipment | 19-02-2015 | 2.239.668.236 |
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