KST R & D
The computed 12-month bankruptcy probability of KST R & D is 1.1% (low). The 2024 annual accounts show equity of €8k and a net result of €3k. Equity is shrinking by ~39.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 24% of 174 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €8k |
| Net result | €3k |
| Better than sector | 24% |
| Active | 5 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 11.2% | 55.0% | |
| Net result | €3k | €16k | |
| Equity | €8k | €70k | |
| Gross operating margin | €74k | €41k | |
| Staff costs | €67k | €58k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €3k |
| Cash flow | - |
| Staff costs | €67k |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €71k |
| Equity | €8k |
| Debt | €63k |
| of which ≤ 1y | €63k |
| of which > 1y | - |
| Working capital | €8k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.13 |
| Quick ratio | 1.13 |
| Working capital ratio | 11.2% |
| Solvency | 11.2% |
| Debt / equity | 7.91 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 4.2% |
| ROE | 37.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €71k |
| Current assets | 29/58 | €71k |
| Amounts receivable within one year | 40/41 | €71k |
| Cash & bank | 54/58 | €102 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €71k |
| Equity | 10/15 | €8k |
| Contributions / capital | 10/11 | €13k |
| Reserves | 13 | €1k |
| Accumulated profits (losses) | 14 | €-6k |
| Amounts payable | 17/49 | €63k |
| Amounts payable within one year | 42/48 | €63k |
| Trade debts payable within one year | 44 | €29k |
| Income statement | ||
| Gross operating margin | 9900 | €74k |
| Operating result | 9901 | €6k |
| Financial charges | 65 | €274 |
| Result before taxes | 9903 | €6k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €3k |
| Result to be appropriated | 9905 | €3k |
-
Masic Invest SALegal entityDirector· perm. rep.: Debaillie MarcState Gazette act 25108135 (26-08-2025)Current01-01-2025 → present
Former directors (1)
-
STRUMAN PaulDirectorState Gazette act 25108135 (26-08-2025)Former- → 31-12-2024
| NACE primary | Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied(72109) |
| Legal form | Private limited company(610) |
| Incorporation | 27-01-2021 |
| Status | Active |
| Postal code | 4020 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62113B0466/00P003 | Wallonia | 2,402 m² | 1 · 1,323 m² | 10.1 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
26-08-2025 1 director appointed, 1 resigning
- Debaillie Marc, Bestuurder
- STRUMAN Paul, Bestuurder
Technical details
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"evidence_quote": "D\u00E9mission de Monsieur STRUMAN Paul en de son mandat de g\u00E9rant en date du 31.12.2024",
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"decisions": [
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],
"is_correction": false,
"subject_company": {
"kbo": "0762.568.864",
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"co_filed_documents": [],
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | KST R & D |