KTR
ActiveSummary
The annual accounts of KTR for fiscal year 2025 show a net loss of 62% of total assets. The 2025 annual accounts show equity of €16,261 and a net result of -€17,077. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 2067 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-19
Solvency84▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.46 against 2.15 in 2024; short-term debt: 41.3% and cash: 17.5% of total assets), and 41.3% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer 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 2025Solvency, return and age of the figures
Solvency
58.7%
Return on assets
-61.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
29 d early
2023
31 d late
2022
27 d late
2021
25 d late
2020
31 d late
2019
66 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 23 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€16,261▼ 52.4%
2024 · €34,172
Total assets
€27,722▼ 44.3%
2024 · €49,779
Net result
-€17,077
2024 · €229
Working capital
€5,325▼ 70.3%
2024 · €17,911
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€21▼ 98.1%€6,063▲ 28,758%€15,812▲ 161%€2,067▼ 86.9%€984▼ 52.4%
Net result-€1,332€3,665€12,046▲ 229%€229▼ 98.1%-€17,077
Equity€18,232▼ 6.8%€21,897▲ 20.1%€33,943▲ 55.0%€34,172▲ 0.7%€16,261▼ 52.4%
Total assets€34,958▼ 10.0%€41,555▲ 18.9%€52,908▲ 27.3%€49,779▼ 5.9%€27,722▼ 44.3%
Debt€16,725▼ 13.3%€19,658▲ 17.5%€18,965▼ 3.5%€15,607▼ 17.7%€11,461▼ 26.6%
Working capital-€2,069▲ 63.1%€3,441€16,087▲ 368%€17,911▲ 11.3%€5,325▼ 70.3%
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 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,722
Fixed assets
€10,936 ▼ 32.7%
Current assets
€16,786 ▼ 49.9%
Equity and liabilities €27,722
Equity
€16,261 ▼ 52.4%
Debt
€11,461 ▼ 26.6%
Debt's share of the balance-sheet total rises from 31.4% to 41.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,400▲
2024 · €8,973
Cash flow
-€8,662▼
2024 · €7,134
Current ratio
1.46▼
2024 · 2.15
Debt to equity
0.70▲
2024 · 0.46
ROE
-105.0%▼
2024 · 0.7%
ROA
-61.6%▼
2024 · 0.5%
Interest coverage
46.41▲
2024 · 37.73
Debt ≤ 1 year
€11,461▼
2024 · €15,607
Income taxes
€193▼
2024 · €767
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,815 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,950 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,937 | €6,093 | €5,393 | €6,906 | €8,416 | ▲ 21.9% |
| Other operating charges640/8 | €741 | €1,238 | €955 | €581 | €1,016 | ▲ 74.9% |
| Gross operating margin9900 | €11,699 | €13,394 | €22,159 | €9,553 | €10,416 | ▲ 9.0% |
| Operating profit (loss)9901 | €21 | €6,063 | €15,812 | €2,067 | €984 | ▼ 52.4% |
| Financial income75/76B | €0 | - | - | €0 | - | - |
| Recurring financial income75 | €0 | - | - | €0 | - | - |
| Financial charges65/66B | €254 | €314 | €416 | €1,072 | €17,869 | ▲ 1,567% |
| Recurring financial charges65 | €254 | €314 | €416 | €238 | €203 | ▼ 14.8% |
| Non-recurring financial charges66B | - | - | - | €834 | €17,666 | ▲ 2,019% |
| Profit (loss) for the period before taxes9903 | -€233 | €5,749 | €15,396 | €996 | -€16,885 | ▼ 1,796% |
| Income taxes67/77 | €1,099 | €2,085 | €3,349 | €767 | €193 | ▼ 74.9% |
| Profit (loss) for the period9904 | -€1,332 | €3,665 | €12,046 | €229 | -€17,077 | ▼ 7,573% |
| Profit (loss) for the period to be appropriated9905 | -€1,332 | €3,665 | €12,046 | €229 | -€17,077 | ▼ 7,573% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,958 | €41,555 | €52,908 | €49,779 | €27,722 | ▼ 44.3% |
| Fixed assets21/28 | €20,301 | €18,456 | €17,856 | €16,260 | €10,936 | ▼ 32.7% |
| Intangible fixed assets21 | €18,178 | €18,182 | €17,667 | €16,071 | €10,747 | ▼ 33.1% |
| Tangible fixed assets22/27 | €1,934 | €85 | - | - | - | - |
| Furniture and vehicles24 | €1,934 | €85 | - | - | - | - |
| Financial fixed assets28 | €189 | €189 | €189 | €189 | €189 | = |
| Current assets29/58 | €14,656 | €23,099 | €35,052 | €33,519 | €16,786 | ▼ 49.9% |
| Amounts receivable within one year40/41 | €12,056 | €13,223 | €19,695 | €23,730 | €2,307 | ▼ 90.3% |
| Trade receivables40 | €12,056 | €13,223 | €19,695 | €21,805 | - | - |
| Other amounts receivable41 | - | - | - | €1,925 | €2,307 | ▲ 19.8% |
| Cash at bank and in hand54/58 | €2,410 | €9,569 | €2,158 | €1,050 | €4,865 | ▲ 363% |
| Deferred charges and accrued income490/1 | €191 | €307 | €13,199 | €8,739 | €9,614 | ▲ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,958 | €41,555 | €52,908 | €49,779 | €27,722 | ▼ 44.3% |
| Equity10/15 | €18,232 | €21,897 | €33,943 | €34,172 | €16,261 | ▼ 52.4% |
| Contributions10/11 | €6,200 | €6,200 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €10,172 | €13,837 | €25,883 | €26,112 | €8,201 | ▼ 68.6% |
| Amounts payable17/49 | €16,725 | €19,658 | €18,965 | €15,607 | €11,461 | ▼ 26.6% |
| Amounts payable within one year42/48 | €16,725 | €19,658 | €18,965 | €15,607 | €11,461 | ▼ 26.6% |
| Current portion of amounts payable after more than one year42 | €2,137 | - | - | - | €2,500 | - |
| Trade debts44 | €1,269 | €2,370 | €2,132 | €867 | €705 | ▼ 18.7% |
| Suppliers440/4 | €1,269 | €2,370 | €2,132 | €867 | €705 | ▼ 18.7% |
| Taxes, remuneration and social security45 | €3,789 | €3,167 | €2,163 | €2,397 | €250 | ▼ 89.6% |
| Taxes450/3 | €1,775 | €1,184 | €149 | €341 | €250 | ▼ 26.8% |
| Remuneration and social security454/9 | €2,014 | €1,983 | €2,013 | €2,056 | - | - |
| Other amounts payable47/48 | €9,530 | €14,121 | €14,671 | €12,343 | €8,006 | ▼ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,332 | €3,665 | €12,046 | €229 | -€17,077 | ▼ 7,573% |
| + Depreciation and write-downs630 | €10,937 | €6,093 | €5,393 | €6,906 | €8,416 | ▲ 21.9% |
| Operating cash flow (approximation) | €9,605 | €9,758 | €17,439 | €7,134 | -€8,662 | ▼ 221% |
| Investment in fixed assets (approximation) | - | -€4,248 | -€4,793 | -€5,310 | -€3,092 | ▲ 41.8% |
| Change in cash | - | €7,159 | -€7,411 | -€1,108 | €3,815 | ▲ 444% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial
Weakest financial yearnet -€17,077
Net result drops to -€17,077, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €12,046 ▲229%
Operating result €15,812, net result €12,046, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Back to profitnet €3,665
Net result €3,665 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Back to profitnet €9,640
Net result €9,640 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.95
Current ratio from 0.88 to 1.95; short-term debt falls from €10,498 to €6,794.
Show earlier events
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mettet · 1 establishment unit since 2015
Ground area
2,034 m²
Building footprint
89 m²
Volume, LiDAR
356 m³
2 parcels, Wallonia · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KTR
since 20152.245.830.310
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92104F0484/00E000 | Wallonia | 1,069 m² | 1 · 89 m² | 7.6 m · 1 fl. |
| 52025B0623/00X006 | Wallonia | 964 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,506 companies in sector 85510 we hold annual accounts for 720. 579 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
Founded10-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
85510Sports and recreation education
86995Nutrition and dietetics services
Contact
E-mail
thomas.t.romain@gmail.comGerpinnes
Phone
0474/990386Gerpinnes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0636917242
Also
9925:BE0636917242
Registered
16-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.