KF CONSTRUCT
ActiveKF CONSTRUCT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166k and a net result of €18k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73=
Solvency59▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.25 in 2023; short-term debt: 22% and cash: 12.5% of total assets), but 66.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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
not confirmed
2024
49 d late
2023
86 d late
2022
84 d late
2021
117 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18k▼ 3.1%
2023 · €18k
2018: €13k
2019: €8k
2020: €11k
2021: €32k
2022: €33k
2023: €18k
2018 → 2024
Working capital
€74k▲ 116%
2023 · €34k
2018: €44k
2019: €55k
2020: €54k
2021: €57k
2022: €30k
2023: €34k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€82k-€114k▲ 39.1%€147k▲ 28.8%€148k▲ 0.3%€166k▲ 12.1%
Operating result€15k-€47k▲ 221%€42k▼ 11.2%€35k▼ 15.6%€34k▼ 2.2%
Net result€11k-€32k▲ 191%€33k▲ 2.4%€18k▼ 43.9%€18k▼ 3.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €494k
Fixed assets
€311k▼ 5.5%
Current assets
€183k▲ 7.2%
Equity and liabilities €494k
Equity
€166k▲ 12.1%
Debt
€328k▼ 6.7%
The debt ratio falls from 70.4% to 66.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€115k▲
2023 · €113k
Cash flow
€98k▲
2023 · €96k
Solvency
33.6%▲
2023 · 29.6%
Current ratio
1.68▲
2023 · 1.25
Quick ratio
1.46▲
2023 · 1.07
Debt / equity
1.98▼
2023 · 2.38
ROE
10.8%▼
2023 · 12.5%
ROA
3.6%▼
2023 · 3.7%
Interest coverage
11.08▼
2023 · 13.14
Debt
€328k▼
2023 · €351k
Debt ≤ 1 year
€109k▼
2023 · €136k
Debt > 1 year
€212k▲
2023 · €212k
Income taxes
€6k▼
2023 · €9k
Staff costs
€171k▼
2023 · €199k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€499k€494k▼
Fixed assets21/28€329k€311k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€329k€311k▼
Plant, machinery and equipment23€110k€49k▼
Furniture and vehicles24€17k€11k▼
Leasing and similar rights25€201k€250k▲
Financial fixed assets28€250€250=
Current assets29/58€170k€183k▲
Stocks and contracts in progress3€24k€24k▼
Stocks30/36€24k€24k▼
Amounts receivable within one year40/41€110k€86k▼
Trade receivables40€74k€66k▼
Other amounts receivable41€36k€20k▼
Cash at bank and in hand54/58€26k€62k▲
Deferred charges and accrued income490/1€10k€10k▼
Equity and liabilities
Total equity and liabilities10/49€499k€494k▼
Equity10/15€148k€166k▲
Contributions10/11€6k€6k=
Reserves13€50k€50k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€91k€109k▲
Amounts payable17/49€351k€328k▼
Amounts payable after more than one year17€212k€212k▲
Financial debts170/4€212k€212k▲
Amounts payable within one year42/48€136k€109k▼
Current portion of amounts payable after more than one year42€49k€42k▼
Trade debts44€22k€36k▲
Suppliers440/4€22k€36k▲
Advances received on contracts in progress46€14k€14k▼
Taxes, remuneration and social security45€15k€16k▲
Taxes450/3€10k€13k▲
Remuneration and social security454/9€5k€3k▼
Other amounts payable47/48€36k€961▼
Accrued charges and deferred income492/3€3k€7k▲
Income statement
Code20232024
Remuneration, social security and pensions62€199k€171k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€80k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€314k€288k▼
Operating profit (loss)9901€35k€34k▼
Financial income75/76B€424€48▼
Recurring financial income75€424€48▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€27k€24k▼
Income taxes67/77€9k€6k▼
Profit (loss) for the period9904€18k€18k▼
Profit (loss) for the period to be appropriated9905€18k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€109k▼
Profit (loss) brought forward from the previous period14P€109k€91k▼
Transfer to equity691/2€18k-
To other reserves6921€18k-
Profit to be distributed694/7€18k-
Return on contributions (dividend)694€18k-
Social balance
Average headcount (FTE)90874.03.4▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
2024
31-12
Financial
Equity above €150kEq €166k ▲12.1%
7 profitable years in a row build equity to €166k.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 86 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 84 days late
2022
31-12
Financial
Highest result since 2018net €33k ▲2.4%
Net result €33k, the highest in the series.
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 117 days late
2021
31-12
Financial
Equity above €100kEq €114k ▲39.1%
4 profitable years in a row build equity to €114k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €8k ▼43%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Incourt · 2 establishment units since 2011
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.
Rue de Patruange 171315 IncourtGround area
1,719 m²
Building footprint
152 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
Rue de Patruange 17, 1315 Incourt
since 20112.205.700.816
KF CONSTRUCT
since 20212.322.711.421
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25093B0289/00S000 | Wallonia | 1,573 m² | 1 · 86 m² | - |
| 25043B0174/00K000 | Wallonia | 145 m² | 1 · 66 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
5 categoriesKF CONSTRUCT SRL#10323
Similar companies · same sector, comparable size
BERIOT & FILS
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SOCOMAT
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G.J.F.
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DRAKON
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Steven Verrykt
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Zoersel · Eq €167k
Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,639 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2011
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.