Kurc
ActiveSummary
Kurc has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €15k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+8
Solvency79▼-21
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 5.29 in 2024; short-term debt: 46.1% and cash: 47.2% of total assets), and 46.1% of the assets are financed with debt.
Credit check for your own amount and term
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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
53.9%
Return on assets
13.9%
Age of the figures
12 mo
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 03-04-2026, 27 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
27 d early
2024
on the day
2023
28 d early
2022
31 d early
2021
33 d early
2020
30 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
€57k▼ 21.6%
2024 · €72k
Total assets
€105k▲ 20.8%
2024 · €87k
Net result
€15k▲ 127%
2024 · €6k
Working capital
€49k▼ 22.0%
2024 · €63k
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€37k▼ 12.7%€19k▼ 50.1%€7k▼ 61.9%€10k▲ 42.2%€22k▲ 121%
Net result€30k▼ 1.3%€13k▼ 57.8%€3k▼ 74.5%€6k▲ 101%€15k▲ 127%
Equity€65k▲ 84.6%€77k▲ 19.3%€66k▼ 15.2%€72k▲ 9.8%€57k▼ 21.6%
Total assets€99k▲ 76.8%€102k▲ 3.4%€94k▼ 8.5%€87k▼ 7.4%€105k▲ 20.8%
Debt€34k▲ 63.7%€25k▼ 26.7%€28k▲ 12.2%€15k▼ 47.7%€48k▲ 229%
Working capital€56k▲ 67.9%€64k▲ 13.2%€53k▼ 16.2%€63k▲ 18.5%€49k▼ 22.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 121% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€7k ▼ 19.0%
Current assets
€98k ▲ 25.4%
Equity and liabilities €105k
Equity
€57k ▼ 21.6%
Debt
€48k ▲ 229%
Debt's share of the balance-sheet total rises from 17.0% to 46.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25k▲
2024 · €13k
Cash flow
€18k▲
2024 · €10k
Current ratio
2.02▼
2024 · 5.29
Debt to equity
0.86▲
2024 · 0.20
ROE
25.8%▲
2024 · 8.9%
ROA
13.9%▲
2024 · 7.4%
Interest coverage
225.64▲
2024 · 95.35
Debt ≤ 1 year
€48k▲
2024 · €15k
Income taxes
€9k▲
2024 · €4k
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 | €2k | €4k | €4k | €3k | €3k | ▼ 8.5% |
| Other operating charges640/8 | - | €3k | €2k | €2k | €2k | ▼ 6.9% |
| Gross operating margin9900 | €40k | €25k | €13k | €16k | €27k | ▲ 75.3% |
| Operating profit (loss)9901 | €37k | €19k | €7k | €10k | €22k | ▲ 121% |
| Financial income75/76B | - | €0 | €0 | €524 | €1k | ▲ 113% |
| Recurring financial income75 | - | €0 | €0 | €524 | €1k | ▲ 113% |
| Financial charges65/66B | - | €424 | €395 | €141 | €113 | ▼ 20.4% |
| Recurring financial charges65 | €301 | €424 | €395 | €141 | €113 | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €37k | €18k | €7k | €10k | €23k | ▲ 123% |
| Income taxes67/77 | €7k | €6k | €3k | €4k | €9k | ▲ 116% |
| Profit (loss) for the period9904 | €30k | €13k | €3k | €6k | €15k | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €30k | €13k | €3k | €6k | €15k | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99k | €102k | €94k | €87k | €105k | ▲ 20.8% |
| Fixed assets21/28 | €9k | €14k | €12k | €9k | €7k | ▼ 19.0% |
| Intangible fixed assets21 | €681 | €454 | €227 | €0 | - | - |
| Tangible fixed assets22/27 | €8k | €14k | €12k | €9k | €7k | ▼ 19.0% |
| Plant, machinery and equipment23 | - | €1k | €2k | €2k | €1k | ▼ 36.6% |
| Furniture and vehicles24 | - | €4k | €3k | €2k | €2k | ▲ 18.8% |
| Other tangible fixed assets26 | - | €8k | €7k | €5k | €4k | ▼ 25.2% |
| Current assets29/58 | €90k | €88k | €81k | €78k | €98k | ▲ 25.4% |
| Amounts receivable within one year40/41 | €16k | €15k | €25k | €25k | €46k | ▲ 87.2% |
| Trade receivables40 | - | €14k | €25k | €7k | €23k | ▲ 237% |
| Other amounts receivable41 | - | €807 | €254 | €18k | €23k | ▲ 30.2% |
| Cash at bank and in hand54/58 | €73k | €73k | €46k | €43k | €49k | ▲ 14.0% |
| Deferred charges and accrued income490/1 | - | €612 | €11k | €10k | €2k | ▼ 80.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99k | €102k | €94k | €87k | €105k | ▲ 20.8% |
| Equity10/15 | €65k | €77k | €66k | €72k | €57k | ▼ 21.6% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | €60k | €60k | €60k | €60k | €44k | ▼ 26.0% |
| Distributable reserves133 | - | €60k | €60k | €60k | €44k | ▼ 26.0% |
| Profit (loss) carried forward14 | - | €13k | €734 | €7k | €7k | = |
| Amounts payable17/49 | €34k | €25k | €28k | €15k | €48k | ▲ 229% |
| Amounts payable within one year42/48 | €34k | €25k | €28k | €15k | €48k | ▲ 229% |
| Financial debts43 | - | €81 | €0 | €2k | €45 | ▼ 97.6% |
| Credit institutions430/8 | - | €81 | €0 | €2k | €45 | ▼ 97.6% |
| Trade debts44 | €9k | €2k | €10k | €3k | €5k | ▲ 65.5% |
| Suppliers440/4 | - | €2k | €10k | €3k | €5k | ▲ 65.5% |
| Taxes, remuneration and social security45 | - | €15k | €18k | €10k | €13k | ▲ 34.3% |
| Taxes450/3 | - | €11k | €13k | €6k | €10k | ▲ 55.8% |
| Remuneration and social security454/9 | - | €4k | €5k | €4k | €4k | = |
| Other amounts payable47/48 | - | €7k | €516 | €0 | €30k | - |
| Accrued charges and deferred income492/3 | - | €314 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €13k | €3k | €6k | €15k | ▲ 127% |
| + Depreciation and write-downs630 | €2k | €4k | €4k | €3k | €3k | ▼ 8.5% |
| Operating cash flow (approximation) | €32k | €16k | €8k | €10k | €18k | ▲ 79.9% |
| Investment in fixed assets (approximation) | - | €-9k | €-3k | €0 | €-1k | - |
| Change in cash | - | €-332 | €-27k | €-3k | €6k | ▲ 333% |
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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €3k ▼74.5%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Destelbergen · 1 establishment unit since 2019
Ground area
8,173 m²
Building footprint
123 m²
Volume, LiDAR
616 m³
Parcel 44028C0005/00M000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kurc
since 20192.295.509.057
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028C0005/00M000 | Flanders | 8,173 m² | 1 · 123 m² | 6.5 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 3,923 companies in sector 71112 we hold annual accounts for 1,294. 1,084 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
Founded30-10-2019
Fiscal year end30-09
Activities, NACEBEL 2025
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.