KSA GROUP
ActiveThe computed 12-month bankruptcy probability of KSA GROUP is 4.1% (elevated). The 2025 annual accounts show equity of €5k and a net result of €-3k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 54 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-7
Solvency34▼-8
Growth78=
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.84 against 0.9 in 2024; short-term debt: 91.3% and cash: 3% of total assets), and 91.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 92
Relative position
BE, all sectors
reference
Sector 92
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.7%
Return on assets
-5.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 54 sector peers (2025).
NBB · sector comparisonPosition among 54 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
30 d late
2024
25 d late
2023
21 d late
2022
45 d early
2021
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 38.5%
2024 · €8k
2021: €4k
2022: €7k
2023: €7k
2024: €8k
2021 → 2025
Total assets
€54k▲ 22.5%
2024 · €44k
2021: €19k
2022: €43k
2023: €40k
2024: €44k
2021 → 2025
Net result
€-3k
2024 · €235
2021: €-11k
2022: €3k
2023: €478
2024: €235
2021 → 2025
Working capital
€-8k▼ 131%
2024 · €-3k
2021: €-5k
2022: €-13k
2023: €-10k
2024: €-3k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€7k▲ 57.3%€7k▲ 6.9%€8k▲ 3.2%€5k▼ 38.5%
Operating result€-11k-€3k€-2k€908€-2k
Net result€-11k-€3k€478▼ 81.1%€235▼ 50.8%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €908 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€13k▲ 14.7%
Current assets
€41k▲ 25.1%
Equity and liabilities €54k
Equity
€5k▼ 38.5%
Debt
€50k▲ 35.3%
The debt ratio rises from 82.7% to 91.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €7k
Cash flow
€5k▼
2024 · €6k
Solvency
8.7%▼
2024 · 17.3%
Current ratio
0.84▼
2024 · 0.90
Quick ratio
0.11▲
2024 · 0.11
Debt / equity
10.54▲
2024 · 4.79
ROE
-62.6%▼
2024 · 3.1%
ROA
-5.4%▼
2024 · 0.5%
Interest coverage
8.18▼
2024 · 13.92
Debt
€50k▲
2024 · €37k
Debt ≤ 1 year
€50k▲
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€44k€54k▲
Fixed assets21/28€11k€13k▲
Tangible fixed assets22/27€11k€13k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€9k€9k▲
Current assets29/58€33k€41k▲
Stocks and contracts in progress3€29k€36k▲
Stocks30/36€29k€36k▲
Amounts receivable within one year40/41€2k€3k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€765€2k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€44k€54k▲
Equity10/15€8k€5k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€-7k€-10k▼
Amounts payable17/49€37k€50k▲
Amounts payable within one year42/48€37k€50k▲
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Other amounts payable47/48€31k€36k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€8k€8k▼
Operating profit (loss)9901€908€-2k▼
Financial charges65/66B€502€740▲
Recurring financial charges65€502€740▲
Profit (loss) for the period before taxes9903€406€-3k▼
Income taxes67/77€171-
Profit (loss) for the period9904€235€-3k▼
Profit (loss) for the period to be appropriated9905€235€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-10k▼
Profit (loss) brought forward from the previous period14P€-8k€-7k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Lambertusplein 191020 BrusselGround area
160 m²
Building footprint
160 m²
Volume, LiDAR
1,765 m³
Parcel 21816C0011/00P005, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KSA GROUP SRL
since 20212.317.026.231
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0011/00P005 | Brussels | 160 m² | 1 · 160 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Food safety, FASFC
1 siteBrussel2.317.026.231
Similar companies · same sector, comparable size
COLLECTIEF ROSH
BE 1008.313.812
Anderlecht · Eq €5k
Murat Efkan
BE 1010.526.006
Farciennes · Eq €5k
ELEVEN S
BE 0668.537.064
Oostende · Eq €4k
Fyat
BE 0704.681.937
Gent · Eq €3k
AUTOMATIQUE DE LONGDOZ
BE 0435.741.915
Liège · Eq €8k
Of 506 companies in sector 92000 we hold annual accounts for 303. 45 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2021
Fiscal year end31-12
Activities, NACEBEL
92000Gambling and betting activities
47252Retail sale of beverages, general range
47260Retail trade
47620Retail trade
47621Retail sale of newspapers and periodicals
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:kamenfilev@gmail.com