KT21
ActiveSummary
KT21 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €364k and a net result of €48k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-7
Solvency96▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 4.96 in 2024; short-term debt: 20% and cash: 3.8% of total assets), and 29.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.7%
Return on assets
9.3%
Age of the figures
12 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
42 d early
2023
48 d early
2022
4 d early
2021
45 d early
2020
9 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€364k▼ 4.8%
2024 · €383k
Total assets
€515k▲ 11.7%
2024 · €461k
Net result
€48k▼ 27.5%
2024 · €66k
Working capital
€93k▼ 52.8%
2024 · €197k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€89k▲ 19.7%€94k▲ 6.1%€118k▲ 24.8%€97k▼ 17.4%€59k▼ 39.7%
Net result€60k▲ 47.6%€64k▲ 6.7%€80k▲ 25.1%€66k▼ 17.5%€48k▼ 27.5%
Equity€199k▲ 21.5%€263k▲ 32.4%€339k▲ 29.0%€383k▲ 12.9%€364k▼ 4.8%
Total assets€406k▼ 7.0%€412k▲ 1.4%€440k▲ 6.9%€461k▲ 4.8%€515k▲ 11.7%
Debt€208k▼ 24.1%€149k▼ 28.2%€101k▼ 32.1%€78k▼ 22.5%€151k▲ 92.4%
Working capital€-52k▼ 18.7%€171k€207k▲ 21.1%€197k▼ 4.5%€93k▼ 52.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €515k
Fixed assets
€319k ▲ 49.1%
Current assets
€196k ▼ 20.6%
Equity and liabilities €515k
Equity
€364k ▼ 4.8%
Debt
€151k ▲ 92.4%
Debt's share of the balance-sheet total rises from 17.0% to 29.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€86k▼
2024 · €120k
Cash flow
€76k▼
2024 · €90k
Current ratio
1.90▼
2024 · 4.96
Debt to equity
0.41▲
2024 · 0.20
ROE
13.2%▼
2024 · 17.3%
ROA
9.3%▼
2024 · 14.4%
Interest coverage
21.50▼
2024 · 48.73
Debt ≤ 1 year
€103k▲
2024 · €50k
Debt > 1 year
€48k▲
2024 · €29k
Income taxes
€29k▼
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €17k | €25k | €23k | €28k | ▲ 19.8% |
| Other operating charges640/8 | - | €3k | €6k | €5k | €19k | ▲ 281% |
| Gross operating margin9900 | €113k | €114k | €149k | €125k | €106k | ▼ 15.7% |
| Operating profit (loss)9901 | €89k | €94k | €118k | €97k | €59k | ▼ 39.7% |
| Financial income75/76B | - | - | €290 | €5k | €22k | ▲ 313% |
| Recurring financial income75 | €1k | - | €290 | €5k | €22k | ▲ 313% |
| Financial charges65/66B | - | €5k | €4k | €2k | €4k | ▲ 62.7% |
| Recurring financial charges65 | €6k | €5k | €4k | €2k | €4k | ▲ 62.7% |
| Profit (loss) for the period before taxes9903 | €84k | €89k | €114k | €100k | €77k | ▼ 23.3% |
| Income taxes67/77 | €24k | €25k | €34k | €34k | €29k | ▼ 15.0% |
| Profit (loss) for the period9904 | €60k | €64k | €80k | €66k | €48k | ▼ 27.5% |
| Profit (loss) for the period to be appropriated9905 | €60k | €64k | €80k | €66k | €48k | ▼ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €406k | €412k | €440k | €461k | €515k | ▲ 11.7% |
| Fixed assets21/28 | €378k | €166k | €183k | €214k | €319k | ▲ 49.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €178k | €166k | €183k | €214k | €319k | ▲ 49.1% |
| Land and buildings22 | - | €154k | €143k | €177k | €285k | ▲ 60.4% |
| Plant, machinery and equipment23 | - | - | - | €4k | €3k | ▼ 24.2% |
| Furniture and vehicles24 | - | €10k | €33k | €26k | €25k | ▼ 4.8% |
| Other tangible fixed assets26 | - | €2k | €7k | €7k | €7k | = |
| Financial fixed assets28 | €200k | - | - | - | - | - |
| Current assets29/58 | €28k | €245k | €257k | €247k | €196k | ▼ 20.6% |
| Amounts receivable within one year40/41 | €16k | €18k | €21k | €21k | €22k | ▲ 7.2% |
| Trade receivables40 | - | €18k | €21k | €21k | €22k | ▲ 7.2% |
| Other amounts receivable41 | - | €548 | - | - | €7 | - |
| Current investments50/53 | - | - | - | €145k | €154k | ▲ 6.3% |
| Cash at bank and in hand54/58 | €12k | €227k | €236k | €82k | €20k | ▼ 76.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €827 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €406k | €412k | €440k | €461k | €515k | ▲ 11.7% |
| Equity10/15 | €199k | €263k | €339k | €383k | €364k | ▼ 4.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €175k | €237k | €308k | €350k | €331k | ▼ 5.4% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €235k | €308k | €350k | €331k | ▼ 5.4% |
| Profit (loss) carried forward14 | €5k | €7k | €13k | €14k | €15k | ▲ 4.2% |
| Amounts payable17/49 | €208k | €149k | €101k | €78k | €151k | ▲ 92.4% |
| Amounts payable after more than one year17 | €127k | €74k | €51k | €29k | €48k | ▲ 66.7% |
| Financial debts170/4 | - | €74k | €51k | €29k | €48k | ▲ 66.7% |
| Amounts payable within one year42/48 | €80k | €75k | €51k | €50k | €103k | ▲ 107% |
| Current portion of amounts payable after more than one year42 | - | €53k | €24k | €22k | €43k | ▲ 96.2% |
| Trade debts44 | €4k | €8k | €10k | €5k | €7k | ▲ 48.2% |
| Suppliers440/4 | - | €8k | €10k | €5k | €7k | ▲ 48.2% |
| Taxes, remuneration and social security45 | - | €12k | €15k | €18k | €12k | ▼ 32.1% |
| Taxes450/3 | - | €12k | €15k | €18k | €12k | ▼ 32.1% |
| Other amounts payable47/48 | - | €2k | €2k | €5k | €41k | ▲ 699% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60k | €64k | €80k | €66k | €48k | ▼ 27.5% |
| + Depreciation and write-downs630 | €20k | €17k | €25k | €23k | €28k | ▲ 19.8% |
| Operating cash flow (approximation) | €80k | €81k | €106k | €90k | €76k | ▼ 15.2% |
| Investment in fixed assets (approximation) | - | €194k | €-42k | €-54k | €-133k | ▼ 145% |
| Change in cash | - | €215k | €9k | €-155k | €-62k | ▲ 59.8% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €80k ▲25.1%
Operating result €118k, net result €80k, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 9current ratio 3.28
Current ratio from 0.35 to 3.28; short-term debt falls from €80k to €75k.
30-09
Financial
Equity above €200kEq €263k ▲32.4%
5 profitable years in a row build equity to €263k.
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €150kEq €163k ▲33.3%
3 profitable years in a row build equity to €163k.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €100kEq €123k ▲26.6%
2 profitable years in a row build equity to €123k.
Show earlier events
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial 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, Ieper · 1 establishment unit since 2009
Ground area
256 m²
Building footprint
131 m²
Volume, LiDAR
1,189 m³
Parcel 33011G0078/00C000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KT 21
since 20092.180.546.736
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33011G0078/00C000 | Flanders | 256 m² | 1 · 131 m² | 12.3 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 2025 · 4 entries · 2,136 EUR awarded · 2,795 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 320 EUR | 320 EUR |
| 2024 | 1 | 315 EUR | 315 EUR |
| 2023 | 1 | 677 EUR | 1,678 EUR |
| 2022 | 1 | 824 EUR | 482 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300KG6TW7C843G303
Similar companies · same sector, comparable size
BOKRI
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ASCOT MANAGEMENT
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OMZ Advies
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MBGS
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G METAL
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 36,953 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
Founded20-08-2009
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
pascal@kt21.be
Scores and ratios are computed by Checked and are not a credit decision.