KZN GROUP
ActiveSummary
The computed 12-month bankruptcy probability of KZN GROUP is 9.3% (elevated). The 2024 annual accounts show equity of €70k and a net result of €35k. Its solvency ranks better than 39% of 727 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▲+1
Solvency48▲+8
Growth78
Track record94
Bankruptcy probability, 12 months
9.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.73 against 0.68 in 2023; short-term debt: 50.2% and cash: 24.8% of total assets), and 77.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Sector 53
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
22.6%
Return on assets
11.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
118 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€70k▲ 98.7%
2023 · €35k
2023: €35k
2023 → 2024
Total assets
€307k▲ 27.3%
2023 · €241k
2023: €241k
2023 → 2024
Net result
€35k▲ 38.2%
2023 · €25k
2023: €25k
2023 → 2024
Working capital
€-42k▲ 32.9%
2023 · €-63k
2023: €-63k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€35k-€70k▲ 98.7%
Operating result€36k-€51k▲ 44.2%
Net result€25k-€35k▲ 38.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 44% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €307k
Fixed assets
€195k ▲ 77.3%
Current assets
€112k ▼ 14.6%
Equity and liabilities €307k
Equity
€70k ▲ 98.7%
Debt
€238k ▲ 15.2%
Debt's share of the balance-sheet total falls from 85.5% to 77.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€87k▲
2023 · €52k
Cash flow
€70k▲
2023 · €42k
Current ratio
0.73▲
2023 · 0.68
Debt to equity
3.42▼
2023 · 5.90
ROE
49.7%▼
2023 · 71.4%
ROA
11.2%▲
2023 · 10.4%
Interest coverage
15.37▼
2023 · 25.40
Debt ≤ 1 year
€154k▼
2023 · €194k
Debt > 1 year
€46k▲
2023 · €12k
Income taxes
€11k▲
2023 · €9k
Staff costs
€323k▲
2023 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€241k€307k▲
Fixed assets21/28€110k€195k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€76k€161k▲
Furniture and vehicles24€42k€78k▲
Leasing and similar rights25€34k€83k▲
Financial fixed assets28€34k€34k=
Current assets29/58€131k€112k▼
Amounts receivable within one year40/41€45k€36k▼
Trade receivables40€33k€28k▼
Other amounts receivable41€13k€8k▼
Cash at bank and in hand54/58€86k€76k▼
Equity and liabilities
Total equity and liabilities10/49€241k€307k▲
Equity10/15€35k€70k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€25k€60k▲
Amounts payable17/49€206k€238k▲
Amounts payable after more than one year17€12k€46k▲
Financial debts170/4€12k€46k▲
Amounts payable within one year42/48€194k€154k▼
Current portion of amounts payable after more than one year42€7k€17k▲
Trade debts44€165k€79k▼
Suppliers440/4€165k€79k▼
Taxes, remuneration and social security45€21k€57k▲
Taxes450/3€21k€57k▲
Remuneration and social security454/9€307-
Other amounts payable47/48-€1k
Accrued charges and deferred income492/3-€38k
Income statement
Code20232024
Non-recurring operating income76A€67€7k▲
Goods, raw materials, services and sundry goods60/61€1.31M€924k▼
Remuneration, social security and pensions62€58k€323k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€36k▲
Other operating charges640/8€11k€12k▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€126k€422k▲
Operating profit (loss)9901€36k€51k▲
Financial income75/76B€427€29▼
Recurring financial income75€427€29▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€34k€46k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€25k€35k▲
Profit (loss) for the period to be appropriated9905€25k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€60k▲
Profit (loss) brought forward from the previous period14P-€25k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
NBB filing
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, Etterbeek · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jachtlaan 1331040 EtterbeekGround area
75 m²
Building footprint
63 m²
Volume, LiDAR
859 m³
Parcel 21364B0183/00H003, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
KZN GROUP
since 20222.333.851.771
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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I.I.C EXPRESS
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Of 4,915 companies in sector 53200 we hold annual accounts for 1,329. 1,082 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.