KSGP
ActiveSummary
The computed 12-month bankruptcy probability of KSGP is 2.6% (moderate). The 2024 annual accounts show equity of €18k and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-29
Solvency47▼-37
Growth78=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.25 against 2.41 in 2023; short-term debt: 78% and cash: 1.2% of total assets), and 78% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
22%
Return on assets
1.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-12-2025, 148 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
148 d late
2023
162 d late
2022
151 d late
2021
152 d late
2020
139 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▼ 50.3%
2023 · €37k
2019: €-1k
2020: €-3k▼ -127% vs 2019lowest in 6 years
2021: €-2k▲ +35.5% vs 2020
2022: €12k▲ +697% vs 2021
2023: €37k▲ +203% vs 2022highest in 6 years
2024: €18k▼ -50.3% vs 2023
2019 → 2024
Total assets
€84k▲ 34.5%
2023 · €62k
2019: €22k
2020: €17k▼ -23.1% vs 2019
2021: €12k▼ -29.9% vs 2020lowest in 6 years
2022: €16k▲ +35.1% vs 2021
2023: €62k▲ +290% vs 2022
2024: €84k▲ +34.5% vs 2023highest in 6 years
2019 → 2024
Net result
€1k▼ 94.4%
2023 · €25k
2019: €-8klowest in 6 years
2020: €-2k▲ +76.7% vs 2019
2021: €1k▲ +164% vs 2020
2022: €14k▲ +1166% vs 2021
2023: €25k▲ +74.1% vs 2022highest in 6 years
2024: €1k▼ -94.4% vs 2023
2019 → 2024
Working capital
€16k▼ 54.2%
2023 · €36k
2019: €-1k
2020: €-3k▼ -127% vs 2019lowest in 6 years
2021: €-2k▲ +35.5% vs 2020
2022: €12k▲ +697% vs 2021
2023: €36k▲ +193% vs 2022highest in 6 years
2024: €16k▼ -54.2% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-3k-€-2k▲ 35.5%€12k€37k▲ 203%€18k▼ 50.3%
2020: €-3klowest in 5 years
2021: €-2k▲ +35.5% vs 2020
2022: €12k▲ +697% vs 2021
2023: €37k▲ +203% vs 2022highest in 5 years
2024: €18k▼ -50.3% vs 2023
Operating result€-2k-€1k€14k▲ 1,121%€25k▲ 72.4%€7k▼ 69.6%
2020: €-2klowest in 5 years
2021: €1k▲ +168% vs 2020
2022: €14k▲ +1121% vs 2021
2023: €25k▲ +72.4% vs 2022highest in 5 years
2024: €7k▼ -69.6% vs 2023
Net result€-2k-€1k€14k▲ 1,166%€25k▲ 74.1%€1k▼ 94.4%
2020: €-2klowest in 5 years
2021: €1k▲ +164% vs 2020
2022: €14k▲ +1166% vs 2021
2023: €25k▲ +74.1% vs 2022highest in 5 years
2024: €1k▼ -94.4% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 70% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84k
Fixed assets
€2k ▲ 58.3%
Current assets
€82k ▲ 34.0%
Equity and liabilities €84k
Equity
€18k ▼ 50.3%
Debt
€65k ▲ 159%
Debt's share of the balance-sheet total rises from 40.6% to 78.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8k▼
2023 · €26k
Cash flow
€1k▼
2023 · €26k
Current ratio
1.25▼
2023 · 2.41
Debt to equity
3.55▲
2023 · 0.68
ROE
7.6%▼
2023 · 67.0%
ROA
1.7%▼
2023 · 39.8%
Interest coverage
13.49▼
2023 · 125.25
Debt ≤ 1 year
€65k▲
2023 · €25k
Income taxes
€7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€62k€84k▲
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27-€759
Furniture and vehicles24-€759
Financial fixed assets28€1k€1k=
Current assets29/58€61k€82k▲
Amounts receivable within one year40/41€60k€81k▲
Trade receivables40€36k€33k▼
Other amounts receivable41€24k€48k▲
Cash at bank and in hand54/58€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€62k€84k▲
Equity10/15€37k€18k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€29k€10k▼
Amounts payable17/49€25k€65k▲
Amounts payable within one year42/48€25k€65k▲
Trade debts44€23k€33k▲
Suppliers440/4€23k€33k▲
Taxes, remuneration and social security45€128€10k▲
Taxes450/3€128€10k▲
Other amounts payable47/48€3k€23k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€68▼
Other operating charges640/8-€3k
Gross operating margin9900€26k€10k▼
Operating profit (loss)9901€25k€7k▼
Financial income75/76B€380€1k▲
Recurring financial income75€380€1k▲
Financial charges65/66B€207€561▲
Recurring financial charges65€207€561▲
Profit (loss) for the period before taxes9903€25k€8k▼
Income taxes67/77-€7k
Profit (loss) for the period9904€25k€1k▼
Profit (loss) for the period to be appropriated9905€25k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€30k▲
Profit (loss) brought forward from the previous period14P€4k€29k▲
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1k | €68 | ▼ 94.8% |
| Other operating charges640/8 | - | €348 | €348 | - | €3k | - |
| Gross operating margin9900 | €-2k | €2k | €15k | €26k | €10k | ▼ 61.1% |
| Operating profit (loss)9901 | €-2k | €1k | €14k | €25k | €7k | ▼ 69.6% |
| Financial income75/76B | - | - | - | €380 | €1k | ▲ 183% |
| Recurring financial income75 | - | - | - | €380 | €1k | ▲ 183% |
| Financial charges65/66B | - | €45 | €39 | €207 | €561 | ▲ 171% |
| Recurring financial charges65 | €43 | €45 | €39 | €207 | €561 | ▲ 171% |
| Profit (loss) for the period before taxes9903 | €-2k | €1k | €14k | €25k | €8k | ▼ 67.7% |
| Income taxes67/77 | - | - | - | - | €7k | - |
| Profit (loss) for the period9904 | €-2k | €1k | €14k | €25k | €1k | ▼ 94.4% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €1k | €14k | €25k | €1k | ▼ 94.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €12k | €16k | €62k | €84k | ▲ 34.5% |
| Fixed assets21/28 | - | - | - | €1k | €2k | ▲ 58.3% |
| Tangible fixed assets22/27 | - | - | - | - | €759 | - |
| Furniture and vehicles24 | - | - | - | - | €759 | - |
| Financial fixed assets28 | - | - | - | €1k | €1k | = |
| Current assets29/58 | €17k | €12k | €16k | €61k | €82k | ▲ 34.0% |
| Amounts receivable within one year40/41 | €17k | €10k | €16k | €60k | €81k | ▲ 35.4% |
| Trade receivables40 | - | €8k | €12k | €36k | €33k | ▼ 8.3% |
| Other amounts receivable41 | - | €1k | €4k | €24k | €48k | ▲ 101% |
| Cash at bank and in hand54/58 | €47 | €2k | €56 | €1k | €1k | ▼ 24.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €12k | €16k | €62k | €84k | ▲ 34.5% |
| Equity10/15 | €-3k | €-2k | €12k | €37k | €18k | ▼ 50.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | - | - | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-9k | €-8k | €4k | €29k | €10k | ▼ 64.3% |
| Amounts payable17/49 | €20k | €14k | €4k | €25k | €65k | ▲ 159% |
| Amounts payable within one year42/48 | €20k | €14k | €4k | €25k | €65k | ▲ 159% |
| Trade debts44 | - | €200 | €1k | €23k | €33k | ▲ 45.2% |
| Suppliers440/4 | - | €200 | €1k | €23k | €33k | ▲ 45.2% |
| Taxes, remuneration and social security45 | - | €2k | €57 | €128 | €10k | ▲ 7,523% |
| Taxes450/3 | - | €63 | €57 | €128 | €10k | ▲ 7,523% |
| Remuneration and social security454/9 | - | €2k | - | - | - | - |
| Other amounts payable47/48 | - | €12k | €3k | €3k | €23k | ▲ 788% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €1k | €14k | €25k | €1k | ▼ 94.4% |
| + Depreciation and write-downs630 | - | - | - | €1k | €68 | ▼ 94.8% |
| Operating cash flow (approximation) | €-2k | €1k | €14k | €26k | €1k | ▼ 94.4% |
| Investment in fixed assets (approximation) | - | - | - | - | €-826 | - |
| Change in cash | - | €2k | €-2k | €1k | €-340 | ▼ 126% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 148 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 162 days late
2023
31-12
Financial
Highest result since 2019net €25k ▲74.1%
Operating result €25k, net result €25k, both a record.
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Liquidity times 5current ratio 4.23
Current ratio from 0.85 to 4.23; short-term debt falls from €14k to €4k.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 139 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Liège
Ground area
194 m²
Building footprint
120 m²
Volume, LiDAR
1,921 m³
Parcel 62806E0004/00Y007, Wallonia · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806E0004/00Y007 | Wallonia | 194 m² | 1 · 120 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,088 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.