KU-BE
ActiveSummary
KU-BE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,204 and a net result of -€2,618. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency27▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.04 in 2024; short-term debt: 98% and cash: 4.6% of total assets), and 98% 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,618
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
44 d early
2023
43 d early
2022
28 d early
2021
23 d late
2020
36 d early
2019
13 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 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 3 July (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€31,204▼ 7.7%
2024 · €33,822
Total assets
€1.6m▲ 60.3%
2024 · €973,950
Net result
-€2,618▲ 12.3%
2024 · -€2,986
Working capital
€31,204▼ 7.7%
2024 · €33,822
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,387▼ 91.4%€32,321▲ 1,254%-€4,612-€2,755▲ 40.3%-€2,374▲ 13.8%
Net result€2,513within the sector's middle half▼ 88.0%€19,841within the sector's middle half▲ 690%-€3,618below the sector's middle half-€2,986below the sector's middle half▲ 17.5%-€2,618below the sector's middle half▲ 12.3%
Equity€20,585within the sector's middle half▼ 85.5%€40,426within the sector's middle half▲ 96.4%€36,808within the sector's middle half▼ 8.9%€33,822within the sector's middle half▼ 8.1%€31,204within the sector's middle half▼ 7.7%
Total assets€145,845within the sector's middle half▼ 4.4%€42,129below the sector's middle half▼ 71.1%€146,808within the sector's middle half▲ 248%€973,950above the sector's middle half▲ 563%€1.6mabove the sector's middle half▲ 60.3%
Debt€125,259▲ 1,089%€1,703▼ 98.6%€110,000▲ 6,360%€940,128▲ 755%€1.5m▲ 62.8%
Working capital€20,353within the sector's middle half▼ 85.3%€40,426within the sector's middle half▲ 98.6%€36,808within the sector's middle half▼ 8.9%€33,822within the sector's middle half▼ 8.1%€31,204within the sector's middle half▼ 7.7%
Solvency14.1%below the sector's middle half▼ 79.0pp96.0%above the sector's middle half▲ 81.8pp25.1%within the sector's middle half▼ 70.9pp3.5%below the sector's middle half▼ 21.6pp2.0%below the sector's middle half▼ 1.5pp
Current ratio1.16within the sector's middle half▼ 12.9524.74above the sector's middle half▲ 23.581.33within the sector's middle half▼ 23.411.04within the sector's middle half▼ 0.301.02within the sector's middle half▼ 0.02
Return on assets (ROA)1.7%within the sector's middle half▼ 12.0pp47.1%above the sector's middle half▲ 45.4pp-2.5%below the sector's middle half▼ 49.6pp-0.3%below the sector's middle half▲ 2.2pp-0.2%below the sector's middle half▲ 0.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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 €2,374 in 2025 against €2,755 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.6m
Equity
€31,204 ▼ 7.7%
Debt
€1.5m ▲ 62.8%
Debt's share of the balance-sheet total rises from 96.5% to 98.0%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
0.05▼
2024 · 0.08
Debt to equity
49.05▲
2024 · 27.80
ROE
-8.4%▲
2024 · -8.8%
Debt ≤ 1 year
€1.5m▲
2024 · €940,128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.4%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,338 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% | 1.9% |
| 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 912 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,019 | - | - | - | - | - |
| Other operating charges640/8 | €1,029 | €1,254 | €531 | €1,254 | €898 | ▼ 28.4% |
| Gross operating margin9900 | €7,435 | €33,575 | -€4,081 | -€1,501 | -€1,476 | ▲ 1.6% |
| Operating profit (loss)9901 | €2,387 | €32,321 | -€4,612 | -€2,755 | -€2,374 | ▲ 13.8% |
| Financial income75/76B | €293 | €448 | €0 | €0 | - | - |
| Recurring financial income75 | €293 | €448 | €0 | €0 | - | - |
| Financial charges65/66B | €174 | €186 | €927 | €231 | €244 | ▲ 5.6% |
| Recurring financial charges65 | €174 | €186 | €927 | €231 | €244 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €2,505 | €32,583 | -€5,538 | -€2,986 | -€2,618 | ▲ 12.3% |
| Income taxes67/77 | -€7 | €12,742 | -€1,920 | - | - | - |
| Profit (loss) for the period9904 | €2,513 | €19,841 | -€3,618 | -€2,986 | -€2,618 | ▲ 12.3% |
| Profit (loss) for the period to be appropriated9905 | €2,513 | €19,841 | -€3,618 | -€2,986 | -€2,618 | ▲ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145,845 | €42,129 | €146,808 | €973,950 | €1.6m | ▲ 60.3% |
| Fixed assets21/28 | €232 | - | - | - | - | - |
| Tangible fixed assets22/27 | €232 | - | - | - | - | - |
| Furniture and vehicles24 | €232 | - | - | - | - | - |
| Current assets29/58 | €145,613 | €42,129 | €146,808 | €973,950 | €1.6m | ▲ 60.3% |
| Stocks and contracts in progress3 | - | - | €130,556 | €897,129 | €1.5m | ▲ 66.0% |
| Contracts in progress37 | - | - | €130,556 | €897,129 | €1.5m | ▲ 66.0% |
| Amounts receivable within one year40/41 | €11,195 | €8,304 | €6,536 | €35,000 | - | - |
| Trade receivables40 | €5,160 | - | - | - | - | - |
| Other amounts receivable41 | €6,035 | €8,304 | €6,536 | €35,000 | - | - |
| Cash at bank and in hand54/58 | €133,269 | €33,389 | €9,716 | €41,822 | €72,323 | ▲ 72.9% |
| Deferred charges and accrued income490/1 | €1,148 | €436 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145,845 | €42,129 | €146,808 | €973,950 | €1.6m | ▲ 60.3% |
| Equity10/15 | €20,585 | €40,426 | €36,808 | €33,822 | €31,204 | ▼ 7.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €125 | €19,966 | €16,348 | €13,362 | €10,744 | ▼ 19.6% |
| Amounts payable17/49 | €125,259 | €1,703 | €110,000 | €940,128 | €1.5m | ▲ 62.8% |
| Amounts payable within one year42/48 | €125,259 | €1,703 | €110,000 | €940,128 | €1.5m | ▲ 62.8% |
| Financial debts43 | - | - | €110,000 | €940,000 | €1.5m | ▲ 62.8% |
| Credit institutions430/8 | - | - | €110,000 | €940,000 | €1.5m | ▲ 62.8% |
| Trade debts44 | - | €1,703 | - | €128 | €430 | ▲ 236% |
| Suppliers440/4 | - | €1,703 | - | €128 | €430 | ▲ 236% |
| Taxes, remuneration and social security45 | €1,259 | - | - | - | - | - |
| Taxes450/3 | €1,259 | - | - | - | - | - |
| Other amounts payable47/48 | €124,000 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,513 | €19,841 | -€3,618 | -€2,986 | -€2,618 | ▲ 12.3% |
| + Depreciation and write-downs630 | €4,019 | - | - | - | - | - |
| Operating cash flow (approximation) | €6,531 | €19,841 | -€3,618 | -€2,986 | -€2,618 | ▲ 12.3% |
| Change in cash | - | -€99,880 | -€23,673 | €32,105 | €30,501 | ▼ 5.0% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€3,618
Net result drops to -€3,618, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 21current ratio 24.74
Current ratio from 1.16 to 24.74; short-term debt falls from €125,259 to €1,703.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 10.70
Current ratio from 2.96 to 10.70; short-term debt falls from €23,290 to €10,145.
31-12
Financial
Equity above €100,000Eq €108,804 ▲51.8%
2 profitable years in a row build equity to €108,804.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kalmthout · 1 establishment unit since 2016
Ground area
4,008 m²
Building footprint
267 m²
Volume, LiDAR
263 m³
Parcel 11662C0869/00A000, Flanders · tallest building 12.4 m. Linked by address, not a title deed.
1 establishment unit
Marant
since 20162.252.278.830
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662C0869/00A000 | Flanders | 4,008 m² | 1 · 267 m² | 12.4 m |
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.
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Of 24,518 companies in sector 82990 we hold annual accounts for 9,421. 6,413 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
Founded18-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0651997079
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.