KSL
ActiveThe file of KSL contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (-€118,266) and a net result of -€41,277. Equity is shrinking by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 11547 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth40=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.41 in 2024; short-term debt: 296.1% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-196.1%
Return on assets
-68.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€118,266
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
28 d early
2023
68 d late
2022
23 d late
2021
5 d early
2020
95 d early
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 6 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€181,551▲ 22.5%
2019 · €148,256
EBIT margin
12.6%▲ 4.4pp
2019 · 8.2%
Net result
-€41,277▼ 24.8%
2024 · -€33,064
Working capital
-€123,576▼ 46.3%
2024 · -€84,477
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€16,962▼ 25.9%-€22,860-€4,389▲ 80.8%-€29,245▼ 566%-€36,923▼ 26.3%
Net result€11,486within the sector's middle half▼ 40.2%-€26,435below the sector's middle half-€7,021below the sector's middle half▲ 73.4%-€33,064below the sector's middle half▼ 371%-€41,277below the sector's middle half▼ 24.8%
EBIT margin
Equity-€10,470below the sector's middle half▲ 52.3%-€36,905below the sector's middle half▼ 252%-€43,926below the sector's middle half▼ 19.0%-€76,990below the sector's middle half▼ 75.3%-€118,266below the sector's middle half▼ 53.6%
Total assets€82,121within the sector's middle half▼ 5.6%€75,671within the sector's middle half▼ 7.9%€77,320within the sector's middle half▲ 2.2%€66,856within the sector's middle half▼ 13.5%€60,305below the sector's middle half▼ 9.8%
Debt€92,591▼ 15.0%€112,576▲ 21.6%€121,245▲ 7.7%€143,846▲ 18.6%€178,572▲ 24.1%
Working capital-€24,787below the sector's middle half▲ 39.3%-€47,182below the sector's middle half▼ 90.3%-€50,602below the sector's middle half▼ 7.2%-€84,477below the sector's middle half▼ 66.9%-€123,576below the sector's middle half▼ 46.3%
Solvency-12.7%below the sector's middle half▲ 12.5pp-48.8%below the sector's middle half▼ 36.0pp-56.8%below the sector's middle half▼ 8.0pp-115.2%below the sector's middle half▼ 58.3pp-196.1%below the sector's middle half▼ 81.0pp
Current ratio0.73below the sector's middle half▲ 0.110.58below the sector's middle half▼ 0.150.58below the sector's middle half=0.41below the sector's middle half▼ 0.170.31below the sector's middle half▼ 0.10
Return on assets (ROA)14.0%within the sector's middle half▼ 8.1pp-34.9%below the sector's middle half▼ 48.9pp-9.1%below the sector's middle half▲ 25.9pp-49.5%below the sector's middle half▼ 40.4pp-68.4%below the sector's middle half▼ 19.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,923 in 2025 against €29,245 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,305
Fixed assets
€5,309 ▼ 29.1%
Current assets
€54,996 ▼ 7.4%
Key figures and ratios
EBITDA
-€34,744▼
2024 · -€27,337
Cash flow
-€39,098▼
2024 · -€31,156
Quick ratio
0.03▲
2024 · 0.00
Debt to equity
-1.51▲
2024 · -1.87
Interest coverage
-7.98▼
2024 · -7.15
Debt ≤ 1 year
€178,572▲
2024 · €143,846
Staff costs
€60,753▲
2024 · €55,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,621 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €20,651 | €26,826 | €33,687 | €55,171 | €60,753 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,095 | €4,040 | €3,601 | €1,908 | €2,178 | ▲ 14.2% |
| Other operating charges640/8 | €2,165 | €1,000 | €1,043 | €1,055 | €2,137 | ▲ 102% |
| Gross operating margin9900 | €48,873 | €9,006 | €33,942 | €28,889 | €28,145 | ▼ 2.6% |
| Operating profit (loss)9901 | €16,962 | -€22,860 | -€4,389 | -€29,245 | -€36,923 | ▼ 26.3% |
| Financial income75/76B | €1 | €1 | €1 | €3 | €0 | ▼ 96.7% |
| Recurring financial income75 | €1 | €1 | €1 | €3 | €0 | ▼ 96.7% |
| Financial charges65/66B | €4,417 | €3,576 | €2,633 | €3,822 | €4,354 | ▲ 13.9% |
| Recurring financial charges65 | €4,417 | €3,576 | €2,633 | €3,822 | €4,354 | ▲ 13.9% |
| Profit (loss) for the period before taxes9903 | €12,546 | -€26,435 | -€7,021 | -€33,064 | -€41,277 | ▼ 24.8% |
| Income taxes67/77 | €1,060 | - | - | - | - | - |
| Profit (loss) for the period9904 | €11,486 | -€26,435 | -€7,021 | -€33,064 | -€41,277 | ▼ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €11,486 | -€26,435 | -€7,021 | -€33,064 | -€41,277 | ▼ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,121 | €75,671 | €77,320 | €66,856 | €60,305 | ▼ 9.8% |
| Fixed assets21/28 | €14,317 | €10,277 | €6,677 | €7,487 | €5,309 | ▼ 29.1% |
| Tangible fixed assets22/27 | €11,355 | €7,315 | €3,714 | €4,525 | €2,347 | ▼ 48.1% |
| Plant, machinery and equipment23 | €11,355 | €7,315 | €3,714 | €4,525 | €2,347 | ▼ 48.1% |
| Financial fixed assets28 | €2,963 | €2,963 | €2,963 | €2,963 | €2,963 | = |
| Current assets29/58 | €67,804 | €65,394 | €70,643 | €59,369 | €54,996 | ▼ 7.4% |
| Stocks and contracts in progress3 | €67,625 | €63,421 | €59,820 | €59,118 | €50,059 | ▼ 15.3% |
| Stocks30/36 | €67,625 | €63,421 | €59,820 | €59,118 | €50,059 | ▼ 15.3% |
| Amounts receivable within one year40/41 | - | €805 | €10,715 | - | €4,825 | - |
| Trade receivables40 | - | €805 | €7,585 | - | €4,825 | - |
| Other amounts receivable41 | - | - | €3,130 | - | - | - |
| Deferred charges and accrued income490/1 | €179 | €1,168 | €108 | €250 | €112 | ▼ 55.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,121 | €75,671 | €77,320 | €66,856 | €60,305 | ▼ 9.8% |
| Equity10/15 | -€10,470 | -€36,905 | -€43,926 | -€76,990 | -€118,266 | ▼ 53.6% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | €65,000 | €65,000 | €65,000 | - | - | - |
| Issued capital100 | €65,000 | €65,000 | €65,000 | - | - | - |
| Profit (loss) carried forward14 | -€75,470 | -€101,905 | -€108,926 | -€141,990 | -€183,266 | ▼ 29.1% |
| Amounts payable17/49 | €92,591 | €112,576 | €121,245 | €143,846 | €178,572 | ▲ 24.1% |
| Amounts payable within one year42/48 | €92,591 | €112,576 | €121,245 | €143,846 | €178,572 | ▲ 24.1% |
| Current portion of amounts payable after more than one year42 | €10,803 | €8,488 | €5,348 | €5,348 | €5,348 | = |
| Financial debts43 | €31,340 | €26,810 | €18,901 | €26,656 | €20,555 | ▼ 22.9% |
| Credit institutions430/8 | €31,340 | €26,810 | €18,901 | - | - | - |
| Other loans439 | - | - | - | €26,656 | €20,555 | ▼ 22.9% |
| Trade debts44 | €41,637 | €58,857 | €72,219 | €68,084 | €118,775 | ▲ 74.5% |
| Suppliers440/4 | €41,637 | €58,857 | €72,219 | €68,084 | €118,775 | ▲ 74.5% |
| Taxes, remuneration and social security45 | €6,042 | €6,746 | €1,953 | €10,454 | €9,244 | ▼ 11.6% |
| Taxes450/3 | €6,042 | €2,860 | €1,953 | €10,454 | €6,217 | ▼ 40.5% |
| Remuneration and social security454/9 | - | €3,887 | - | - | €3,027 | - |
| Other amounts payable47/48 | €2,769 | €11,675 | €22,825 | €33,304 | €24,650 | ▼ 26.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,486 | -€26,435 | -€7,021 | -€33,064 | -€41,277 | ▼ 24.8% |
| + Depreciation and write-downs630 | €9,095 | €4,040 | €3,601 | €1,908 | €2,178 | ▲ 14.2% |
| Operating cash flow (approximation) | €20,581 | -€22,395 | -€3,420 | -€31,156 | -€39,098 | ▼ 25.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,718 | €0 | ▲ 100% |
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
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Weakest financial yearnet -€41,277
Net result drops to -€41,277, the lowest in the series.
13-10
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · event 08-10-2025
23-07
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 17-07-2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €19,209 ▲85.5%
Operating result €22,899, net result €19,209, both a record.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
31-12
Financial
Back to profitnet €10,355
Net result €10,355 after one loss-making year.
Show earlier events
03-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 3 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 1999
Ground area
196 m²
Building footprint
95 m²
Volume, LiDAR
759 m³
Parcel 11346B0602/00A003, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OPTIEK EKSTERLAAR
since 19992.090.699.297
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0602/00A003 | Flanders | 196 m² | 1 · 95 m² | 10.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 4,226 EUR awarded · 4,226 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 2,226 EUR | 2,226 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 250 companies in sector 46432 we hold annual accounts for 172. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46432Wholesale trade
47742Retail sale of prescription glasses, lenses and sunglasses
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465631078
Also
9925:BE0465631078
Registered
28-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.