KTSM PARTNERS

Active

Private limited companyfounded 20242 yrs activeBergensesteenweg 421, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 1006.958.879

The computed 12-month bankruptcy probability of KTSM PARTNERS is 2.0% (moderate). The 2025 annual accounts show equity of €3k and a net result of €4k. Its solvency ranks better than 40% of 18016 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

56 / 100

Fair▲ +46 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency27▼-6

Growth78

Stability82

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.83 against 0.34 in 2024), and 77.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 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 · 2 filings

Deviation from the deadline

2025

34 d late

2024

43 d late

← before the deadline after the deadline →

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 months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€3k

2024 · €-878

2024: €-878

2024 → 2025

Total assets

€15k▲ 12.5%

2024 · €13k

2024: €13k

2024 → 2025

Net result

€4k

2024 · €-2k

2024: €-2k

2024 → 2025

Working capital

€-2k▲ 79.0%

2024 · €-9k

2024: €-9k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€-878-€3k

Operating result€-2k-€5k

Net result€-2k-€4k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €5k after a loss of €2k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €15k

35.5%

64.5%

Fixed assets €5k▼ 37.7%

Current assets €10k▲ 102%

Equity and liabilities €15k

22.3%

77.7%

Equity €3k

Debt €12k

Debt finances 77.7% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€8k▲

2024 · €-1k

Cash flow

€7k▲

2024 · €-1k

Solvency

22.3%▲

2024 · -6.6%

Current ratio

0.83▲

2024 · 0.34

Quick ratio

0.83▲

2024 · 0.34

Debt / equity

3.48

ROE

126.3%

ROA

28.2%▲

2024 · -17.9%

Interest coverage

366.92▲

2024 · -423.35

Debt

€12k▼

2024 · €14k

Debt ≤ 1 year

€12k▼

2024 · €14k

Income taxes

€458

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€13k€15k▲

Fixed assets21/28€8k€5k▼

Tangible fixed assets22/27€8k€5k▼

Furniture and vehicles24€8k€5k▼

Current assets29/58€5k€10k▲

Amounts receivable within one year40/41€4k€4k▲

Trade receivables40€3k€4k▲

Other amounts receivable41€451€29▼

Cash at bank and in hand54/58€844€5k▲

Equity and liabilities

Total equity and liabilities10/49€13k€15k▲

Equity10/15€-878€3k▲

Contributions10/11€2k€2k=

Profit (loss) carried forward14€-2k€2k▲

Amounts payable17/49€14k€12k▼

Amounts payable within one year42/48€14k€12k▼

Trade debts44€492€135▼

Suppliers440/4€492€135▼

Taxes, remuneration and social security45€851€3k▲

Taxes450/3€851€3k▲

Other amounts payable47/48€13k€8k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲

Other operating charges640/8€170€170=

Non-recurring operating charges66A-€442

Gross operating margin9900€-1k€9k▲

Operating profit (loss)9901€-2k€5k▲

Financial income75/76B€0€0▲

Recurring financial income75€0€0▲

Financial charges65/66B€3€22▲

Recurring financial charges65€3€22▲

Profit (loss) for the period before taxes9903€-2k€5k▲

Income taxes67/77-€458

Profit (loss) for the period9904€-2k€4k▲

Profit (loss) for the period to be appropriated9905€-2k€4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-2k€2k▲

Profit (loss) brought forward from the previous period14P-€-2k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Gazette 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 34 days late

27-08

State Gazette act Registered office · Resignations & appointments

General meeting · Registered-office move · Purpose change11 facts ▸

General meeting, 2026-06-29
Registered-office move, 1600 Sint-Pieters-Leeuw, Bergensesteenweg, 421 / 13-168
Purpose change, De vennootschap heeft tot voorwerp, in België en in het buitenland, zowel voor eigen rekening als voor rekening van derden, alleen of in participatie met derden…
Statutes amendment
Director reappointment, TAYBI Khalid (niet-statutair bestuurder)
Director reappointment, SELLAKI Mohamed (niet-statutair bestuurder)
Mandate compensation, TAYBI Khalid
Mandate compensation, SELLAKI Mohamed
Power of attorney, TAYBI Khalid
Power of attorney, SELLAKI Mohamed
Power of attorney, Herman Wyers

2025

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

12-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 43 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.