KX CONSTRUCT
ActiveSummary
KX CONSTRUCT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 32% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+34
Solvency57▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.51 in 2024; short-term debt: 67.6% and cash: 1.3% of total assets), and 67.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
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
32.4%
Return on assets
1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
27 d early
2023
28 d late
2022
11 d early
2021
128 d early
2020
75 d early
2019
67 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k
2024 · €-15k
2018: €125khighest in 8 years
2019: €39k▼ -68.8% vs 2018
2020: €104k▲ +167% vs 2019
2021: €49k▼ -53.1% vs 2020
2022: €10k▼ -80.3% vs 2021
2023: €-31k▼ -419% vs 2022lowest in 8 years
2024: €-15k▲ +51.1% vs 2023
2025: €6k▲ +139% vs 2024
2018 → 2025
Working capital
€84k▼ 45.2%
2024 · €152k
2018: €145k
2019: €119k▼ -18.3% vs 2018
2020: €179k▲ +51.3% vs 2019
2021: €195k▲ +8.8% vs 2020
2022: €233k▲ +19.2% vs 2021highest in 8 years
2023: €205k▼ -11.9% vs 2022
2024: €152k▼ -25.7% vs 2023
2025: €84k▼ -45.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€243k-€253k▲ 3.9%€222k▼ 12.1%€172k▼ 22.4%€178k▲ 3.3%
2021: €243k
2022: €253k▲ +3.9% vs 2021highest in 5 years
2023: €222k▼ -12.1% vs 2022
2024: €172k▼ -22.4% vs 2023lowest in 5 years
2025: €178k▲ +3.3% vs 2024
Operating result€64k-€33k▼ 48.7%€-28k€-14k▲ 50.0%€14k
2021: €64khighest in 5 years
2022: €33k▼ -48.7% vs 2021
2023: €-28k▼ -185% vs 2022lowest in 5 years
2024: €-14k▲ +50.0% vs 2023
2025: €14k▲ +199% vs 2024
Net result€49k-€10k▼ 80.3%€-31k€-15k▲ 51.1%€6k
2021: €49khighest in 5 years
2022: €10k▼ -80.3% vs 2021
2023: €-31k▼ -419% vs 2022lowest in 5 years
2024: €-15k▲ +51.1% vs 2023
2025: €6k▲ +139% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €14k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €550k
Fixed assets
€95k ▲ 298%
Current assets
€455k ▲ 1.1%
Equity and liabilities €550k
Equity
€178k ▲ 3.3%
Debt
€372k ▲ 23.2%
Debt's share of the balance-sheet total rises from 63.6% to 67.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €-409
Cash flow
€20k▲
2024 · €-2k
Current ratio
1.22▼
2024 · 1.51
Quick ratio
0.61▼
2024 · 0.98
Debt to equity
2.09▲
2024 · 1.75
ROE
3.2%▲
2024 · -8.7%
ROA
1.0%▲
2024 · -3.2%
Interest coverage
3.45▲
2024 · -0.12
Debt ≤ 1 year
€372k▲
2024 · €298k
Staff costs
€584k▲
2024 · €441k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€474k€550k▲
Fixed assets21/28€24k€95k▲
Tangible fixed assets22/27€21k€79k▲
Plant, machinery and equipment23€5k€22k▲
Furniture and vehicles24€11k€27k▲
Leasing and similar rights25€5k€723▼
Other tangible fixed assets26-€30k
Financial fixed assets28€3k€15k▲
Current assets29/58€450k€455k▲
Stocks and contracts in progress3€160k€229k▲
Stocks30/36€33k€49k▲
Contracts in progress37€127k€180k▲
Amounts receivable within one year40/41€276k€200k▼
Trade receivables40€216k€168k▼
Other amounts receivable41€60k€31k▼
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€13k€20k▲
Equity and liabilities
Total equity and liabilities10/49€474k€550k▲
Equity10/15€172k€178k▲
Contributions10/11€20k€20k=
Reserves13€21k€21k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€131k€137k▲
Amounts payable17/49€302k€372k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€298k€372k▲
Current portion of amounts payable after more than one year42€8k€9k▲
Trade debts44€178k€246k▲
Suppliers440/4€178k€246k▲
Advances received on contracts in progress46€65k-
Taxes, remuneration and social security45€36k€48k▲
Remuneration and social security454/9€36k€48k▲
Other amounts payable47/48€11k€70k▲
Income statement
Code20242025
Remuneration, social security and pensions62€441k€584k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€911€5k▲
Gross operating margin9900€441k€617k▲
Operating profit (loss)9901€-14k€14k▲
Financial income75/76B€3k€73▼
Recurring financial income75€3k€73▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€-15k€6k▲
Income taxes67/77€160-
Profit (loss) for the period9904€-15k€6k▲
Profit (loss) for the period to be appropriated9905€-15k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€137k▲
Profit (loss) brought forward from the previous period14P€146k€131k▼
Transfer from equity791/2€35k-
Profit to be distributed694/7€35k-
Return on contributions (dividend)694€35k-
Social balance
Average headcount (FTE)90877.29.5▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €397k | €367k | €441k | €584k | ▲ 32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €19k | €12k | €13k | €14k | ▲ 4.3% |
| Other operating charges640/8 | - | €9k | €442 | €911 | €5k | ▲ 491% |
| Gross operating margin9900 | €443k | €457k | €352k | €441k | €617k | ▲ 40.0% |
| Operating profit (loss)9901 | €64k | €33k | €-28k | €-14k | €14k | ▲ 199% |
| Financial income75/76B | - | €3k | €4k | €3k | €73 | ▼ 97.1% |
| Recurring financial income75 | €2k | €3k | €4k | €3k | €73 | ▼ 97.1% |
| Financial charges65/66B | - | €20k | €6k | €3k | €8k | ▲ 134% |
| Recurring financial charges65 | €3k | €20k | €6k | €3k | €8k | ▲ 134% |
| Profit (loss) for the period before taxes9903 | €62k | €16k | €-30k | €-15k | €6k | ▲ 139% |
| Income taxes67/77 | €14k | €6k | €280 | €160 | - | - |
| Profit (loss) for the period9904 | €49k | €10k | €-31k | €-15k | €6k | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €49k | €10k | €-31k | €-15k | €6k | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €372k | €400k | €393k | €474k | €550k | ▲ 16.0% |
| Fixed assets21/28 | €69k | €30k | €24k | €24k | €95k | ▲ 298% |
| Tangible fixed assets22/27 | €66k | €27k | €21k | €21k | €79k | ▲ 277% |
| Plant, machinery and equipment23 | - | €13k | €12k | €5k | €22k | ▲ 332% |
| Furniture and vehicles24 | - | €0 | - | €11k | €27k | ▲ 146% |
| Leasing and similar rights25 | - | €14k | €9k | €5k | €723 | ▼ 85.6% |
| Other tangible fixed assets26 | - | - | - | - | €30k | - |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €15k | ▲ 470% |
| Current assets29/58 | €303k | €370k | €369k | €450k | €455k | ▲ 1.1% |
| Stocks and contracts in progress3 | €4k | €154k | €130k | €160k | €229k | ▲ 43.4% |
| Stocks30/36 | - | €8k | €17k | €33k | €49k | ▲ 50.0% |
| Contracts in progress37 | - | €146k | €113k | €127k | €180k | ▲ 41.7% |
| Amounts receivable within one year40/41 | €93k | €215k | €197k | €276k | €200k | ▼ 27.6% |
| Trade receivables40 | - | €160k | €103k | €216k | €168k | ▼ 21.9% |
| Other amounts receivable41 | - | €55k | €94k | €60k | €31k | ▼ 48.1% |
| Cash at bank and in hand54/58 | €15k | - | €32k | €2k | €7k | ▲ 340% |
| Deferred charges and accrued income490/1 | - | €1k | €10k | €13k | €20k | ▲ 46.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €372k | €400k | €393k | €474k | €550k | ▲ 16.0% |
| Equity10/15 | €243k | €253k | €222k | €172k | €178k | ▲ 3.3% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Revaluation surpluses12 | - | €13k | €6k | - | - | - |
| Reserves13 | €37k | €43k | €50k | €21k | €21k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €41k | €48k | €19k | €19k | = |
| Profit (loss) carried forward14 | €167k | €177k | €146k | €131k | €137k | ▲ 4.4% |
| Amounts payable17/49 | €129k | €147k | €171k | €302k | €372k | ▲ 23.2% |
| Amounts payable after more than one year17 | €21k | €10k | €7k | €4k | - | - |
| Financial debts170/4 | - | €10k | €7k | €4k | - | - |
| Amounts payable within one year42/48 | €108k | €137k | €164k | €298k | €372k | ▲ 24.8% |
| Current portion of amounts payable after more than one year42 | - | €16k | €8k | €8k | €9k | ▲ 6.6% |
| Financial debts43 | - | €5k | - | - | - | - |
| Credit institutions430/8 | - | €5k | - | - | - | - |
| Trade debts44 | €21k | €82k | €70k | €178k | €246k | ▲ 38.2% |
| Suppliers440/4 | - | €82k | €70k | €178k | €246k | ▲ 38.2% |
| Advances received on contracts in progress46 | - | - | - | €65k | - | - |
| Taxes, remuneration and social security45 | - | €34k | €43k | €36k | €48k | ▲ 33.6% |
| Taxes450/3 | - | €3k | €6k | - | - | - |
| Remuneration and social security454/9 | - | €31k | €37k | €36k | €48k | ▲ 33.6% |
| Other amounts payable47/48 | - | - | €43k | €11k | €70k | ▲ 512% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €10k | €-31k | €-15k | €6k | ▲ 139% |
| + Depreciation and write-downs630 | €25k | €19k | €12k | €13k | €14k | ▲ 4.3% |
| Operating cash flow (approximation) | €74k | €28k | €-18k | €-2k | €20k | ▲ 1,418% |
| Investment in fixed assets (approximation) | - | €21k | €-7k | €-13k | €-85k | ▼ 546% |
| Change in cash | - | - | - | €-30k | €6k | ▲ 118% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €219k ▲28.2%
3 profitable years in a row build equity to €219k.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Vorst · 2 establishment units since 2003
Ground area
8,348 m²
Building footprint
2,541 m²
Volume, LiDAR
1,062 m³
2 parcels, Brussels, Flanders · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Victor Rousseaulaan 30, 1190 Vorst
since 20032.130.628.061
Drie Fonteinenstraat 34A, 1600 Sint-Pieters-Leeuw
since 20252.384.002.949
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0138/00Y023 | Flanders | 8,160 m² | 1 · 2,424 m² | - |
| 21383B0031/00X010 | Brussels | 188 m² | 1 · 117 m² | 14.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,629 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 (pre-2019)
Founded14-02-1991
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
70200Business and other management consultancy
41002Construction of residential and non-residential buildings
43230Insulation installation
43421Specialised construction activities
46180Agents specialised in the wholesale of other particular products
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.