Kuang Group
ActiveSummary
Kuang Group has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.8m and a net result of €167,283. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 94% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 16.51 against 33.31 in 2023; short-term debt: 5.1% and cash: 1.3% of total assets), and 5.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2024Solvency, return and age of the figures
Solvency
94.9%
Return on assets
5.7%
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 23-09-2025, 54 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
54 d late
2023
64 d late
2022
66 d late
2021
77 d late
2020
90 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 79 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 company by equity in Lasne, Real estate sector
Equity
€2.8m▲ 6.4%
2023 · €2.6m
Total assets
€2.9m▲ 9.1%
2023 · €2.7m
Net result
€167,283▲ 51.0%
2023 · €110,805
Working capital
€2.3m▲ 7.0%
2023 · €2.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result€341,323▲ 90.4%€203,532▼ 40.4%€99,283▼ 51.2%€134,967▲ 35.9%€217,978▲ 61.5%
Net result€232,211above the sector's middle half▲ 88.7%€140,823above the sector's middle half▼ 39.4%€67,516above the sector's middle half▼ 52.1%€110,805above the sector's middle half▲ 64.1%€167,283above the sector's middle half▲ 51.0%
Equity€2.3mabove the sector's middle half▲ 11.3%€2.4mabove the sector's middle half▲ 6.1%€2.5mabove the sector's middle half▲ 2.8%€2.6mabove the sector's middle half▲ 4.4%€2.8mabove the sector's middle half▲ 6.4%
Total assets€2.6mabove the sector's middle half▼ 9.2%€2.7mabove the sector's middle half▲ 4.2%€2.7mabove the sector's middle half=€2.7mabove the sector's middle half▲ 0.7%€2.9mabove the sector's middle half▲ 9.1%
Debt€266,836▼ 64.8%€234,207▼ 12.2%€165,912▼ 29.2%€72,738▼ 56.2%€150,810▲ 107%
Working capital€1.9m▲ 48.4%€2.0m▲ 7.5%€2.1m▲ 3.7%€2.2m▲ 5.7%€2.3m▲ 7.0%
Solvency89.6%above the sector's middle half▲ 16.5pp91.2%above the sector's middle half▲ 1.6pp93.8%above the sector's middle half▲ 2.6pp97.3%above the sector's middle half▲ 3.5pp94.9%above the sector's middle half▼ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 62% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€441,834 ▲ 1.9%
Current assets
€2.5m ▲ 10.5%
Equity and liabilities €2.9m
Equity
€2.8m ▲ 6.4%
Debt
€150,810 ▲ 107%
Debt's share of the balance-sheet total rises from 2.7% to 5.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€231,249▲
2023 · €149,556
Cash flow
€180,553▲
2023 · €125,393
Current ratio
16.51▼
2023 · 33.31
Quick ratio
12.76▼
2023 · 25.91
Debt to equity
0.05▲
2023 · 0.03
ROE
6.0%▲
2023 · 4.2%
ROA
5.7%▲
2023 · 4.1%
Interest coverage
144.24▲
2023 · 141.74
Debt ≤ 1 year
€150,810▲
2023 · €67,638
Income taxes
€76,230▲
2023 · €37,153
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,934 | €21,730 | €14,346 | €14,588 | €13,271 | ▼ 9.0% |
| Other operating charges640/8 | - | - | €2,364 | €2,248 | €2,645 | ▲ 17.7% |
| Gross operating margin9900 | €369,325 | €225,262 | €115,994 | €151,804 | €233,894 | ▲ 54.1% |
| Operating profit (loss)9901 | €341,323 | €203,532 | €99,283 | €134,967 | €217,978 | ▲ 61.5% |
| Financial income75/76B | - | €15,452 | €13,498 | €14,046 | €27,138 | ▲ 93.2% |
| Recurring financial income75 | €14,414 | €15,452 | €13,498 | €14,046 | €27,138 | ▲ 93.2% |
| Financial charges65/66B | - | €8,200 | €1,028 | €1,055 | €1,603 | ▲ 51.9% |
| Recurring financial charges65 | €15,684 | €8,200 | €1,028 | €1,055 | €1,603 | ▲ 51.9% |
| Profit (loss) for the period before taxes9903 | €340,053 | €210,784 | €111,753 | €147,958 | €243,513 | ▲ 64.6% |
| Income taxes67/77 | €107,842 | €69,961 | €44,237 | €37,153 | €76,230 | ▲ 105% |
| Profit (loss) for the period9904 | €232,211 | €140,823 | €67,516 | €110,805 | €167,283 | ▲ 51.0% |
| Profit (loss) for the period to be appropriated9905 | €232,211 | €140,823 | €67,516 | €110,805 | €167,283 | ▲ 51.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.7m | €2.7m | €2.7m | €2.9m | ▲ 9.1% |
| Fixed assets21/28 | €467,626 | €462,339 | €447,992 | €433,404 | €441,834 | ▲ 1.9% |
| Tangible fixed assets22/27 | €82,571 | €77,283 | €62,937 | €48,348 | €35,078 | ▼ 27.4% |
| Furniture and vehicles24 | - | €77,283 | €62,937 | €48,348 | €35,078 | ▼ 27.4% |
| Financial fixed assets28 | €385,056 | €385,056 | €385,056 | €385,056 | €406,756 | ▲ 5.6% |
| Current assets29/58 | €2.1m | €2.2m | €2.2m | €2.3m | €2.5m | ▲ 10.5% |
| Stocks and contracts in progress3 | €408,106 | €435,914 | €470,961 | €501,092 | €566,023 | ▲ 13.0% |
| Stocks30/36 | - | €435,914 | €470,961 | €501,092 | €566,023 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €1.4m | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 8.9% |
| Trade receivables40 | - | €175,713 | €134,642 | €154,275 | €227,568 | ▲ 47.5% |
| Other amounts receivable41 | - | €1.3m | €1.4m | €1.4m | €1.5m | ▲ 4.7% |
| Current investments50/53 | €220,039 | €200,039 | €155,039 | €100,039 | €150,039 | ▲ 50.0% |
| Cash at bank and in hand54/58 | €67,310 | €44,064 | €79,907 | €56,207 | €36,755 | ▼ 34.6% |
| Deferred charges and accrued income490/1 | - | €3,855 | €4,638 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.7m | €2.7m | €2.7m | €2.9m | ▲ 9.1% |
| Equity10/15 | €2.3m | €2.4m | €2.5m | €2.6m | €2.8m | ▲ 6.4% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €421,566 | €562,389 | €629,906 | €740,711 | €907,994 | ▲ 22.6% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €560,534 | €628,051 | €738,856 | €906,139 | ▲ 22.6% |
| Profit (loss) carried forward14 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Amounts payable17/49 | €266,836 | €234,207 | €165,912 | €72,738 | €150,810 | ▲ 107% |
| Amounts payable after more than one year17 | €27,449 | €20,106 | €12,657 | €5,100 | - | - |
| Financial debts170/4 | - | €20,106 | €12,657 | €5,100 | - | - |
| Amounts payable within one year42/48 | €239,387 | €214,100 | €153,255 | €67,638 | €150,810 | ▲ 123% |
| Current portion of amounts payable after more than one year42 | - | €7,342 | €7,449 | €7,557 | €5,100 | ▼ 32.5% |
| Trade debts44 | €5,591 | €6,383 | €18,092 | €28,731 | €17,778 | ▼ 38.1% |
| Suppliers440/4 | - | €6,383 | €18,092 | €28,731 | €17,778 | ▼ 38.1% |
| Taxes, remuneration and social security45 | - | €94,489 | €127,714 | €31,350 | €107,932 | ▲ 244% |
| Taxes450/3 | - | €94,489 | €127,714 | €31,350 | €107,932 | ▲ 244% |
| Other amounts payable47/48 | - | €105,886 | - | - | €20,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €232,211 | €140,823 | €67,516 | €110,805 | €167,283 | ▲ 51.0% |
| + Depreciation and write-downs630 | €20,934 | €21,730 | €14,346 | €14,588 | €13,271 | ▼ 9.0% |
| Operating cash flow (approximation) | €253,145 | €162,553 | €81,863 | €125,393 | €180,553 | ▲ 44.0% |
| Investment in fixed assets (approximation) | - | -€16,442 | €0 | €0 | -€21,700 | - |
| Change in cash | - | -€23,246 | €35,843 | -€23,700 | -€19,452 | ▲ 17.9% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 33.31
Current ratio from 14.49 to 33.31; short-term debt falls from €153,255 to €67,638.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet €67,516 ▼52.1%
Net result drops to €67,516, the lowest in the series; recovery starts the following year.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €232,211 ▲88.7%
Operating result €341,323, net result €232,211, both a record.
31-12
Financial
Liquidity doublescurrent ratio 8.75
Current ratio from 3.52 to 8.75; short-term debt falls from €496,858 to €239,387.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2012
11-07
State Gazette act
General meeting · Director resignation
Director appointment · Name change
Financial milestoneState Gazette actNBB 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, Lasne · 1 establishment unit since 2003
Ground area
2,183 m²
Building footprint
166 m²
Parcel 25051F0168/00L000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KUANG COMMUNICATIONS
since 20032.135.086.893
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051F0168/00L000 | Wallonia | 2,183 m² | 1 · 166 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2024 annual accounts of Kuang Group and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
DALCQ
Shared director
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INTEGRALE
Shared director
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NeWIN
Shared director
→
PHENIX DATA CENTER
Shared director
→
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Wallonie Data Center
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Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862336334
Also
9925:BE0862336334
Registered
05-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.