Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 31.7 to 24.6.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
K-Boringen from Hasselt, company number BE0418859163, closed financial year 2025 with a result of € 557,852 after tax. For that financial year K-Boringen recorded a gross margin of € 3.1 million and equity of € 8.1 million. Compared with financial year 2024, the result moved from € 626,153 to € 557,852. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 8.1 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 557,852
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 3,717
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 225,000 paid out
40 % of the profit went to the shareholders, mostly to Algemene Participatie Kerkhofs nv (100 % of the shares). That is where the money ends up.
People and assets in 2025
24.6
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 11% vs 2024
€ 90,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 118,202
▼ 73% vs 2024
Of which on lease € 115,304.
Debts at end 2025
€ 209,487
▼ 42% vs 2024
€ 113,017 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.2 million
▲ 136% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 120,711
▼ 57% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,945,032 | - | - | - | |
| Gross margin | - | € 3,138,430 | € 2,787,699 | € 3,140,305 | ▲ 13% |
| Profit after taxes | € 346,752 | € 575,982 | € 626,153 | € 557,852 | ▼ 11% |
| Equity | € 6,599,884 | € 7,175,866 | € 7,802,019 | € 8,134,871 | ▲ 4% |
| Total debts | € 3,061,402 | € 1,494,682 | € 1,205,137 | € 1,589,506 | ▲ 32% |
| Cash | € 11,541 | € 9,460 | € 14,795 | € 3,717 | ▼ 75% |
| Retained profit | € 6,224,884 | € 6,800,866 | € 7,427,019 | € 7,759,871 | ▲ 4% |
| Dividend | € 0 | € 0 | € 0 | € 225,000 | |
| Bank debt | € 956,674 | € 666,619 | € 364,314 | € 209,487 | ▼ 42% |
| Balance sheet total | € 9,838,862 | € 9,198,633 | € 9,496,946 | € 10,168,055 | ▲ 7% |
| Employees (FTE) | 32.1 | 31.7 | 26.3 | 24.6 | ▼ 1.7 |
Key figures of K-Boringen, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to K-Boringen?
What happened at K-Boringen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Werkhofs bv stepped down as director. NBB
- Quality Management bv stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 557,852 (▼ 11% vs 2024). Source: NBB ↗
- Werkhofs bv became a director. NBB
- Quality Management bv became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 346,752 profit in 2022 to € 557,852 profit in 2025.
Paid € 678,768 in corporate taxes since 2022.
Best year ever: 2024, with € 626,153 profit.
On average € 127,700 of value added per employee in 2025.
Management
The shares are held by Algemene Participatie Kerkhofs nv (100%). It owns 100% of Ageres Construct Solutions itself.
Directors
According to the 2025 annual accounts
Director · represented by Ward Kerkhofs
Also active at: VEREECKE, APK Drilling, APK infra, Travaux Voiries et Conduites, Q MACHINERY, VERFAILLIE - LEROY EN C°, APK Infra West, VERSTRAETE - VERHULST +18 more
since 2023 · until 2029
Director · represented by Maarten Broens
Also active at: VEREECKE, APK Drilling, APK infra, Travaux Voiries et Conduites, Q MACHINERY, VERFAILLIE - LEROY EN C°, APK Infra West, VERSTRAETE - VERHULST +27 more
since 2022 · until 2028
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Paalsteenstraat 36
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →Wegenbouw Kumpen
STEINZEUG - KERAMO
€ 46.2 million revenue · 2025
KERAMO - WIENERBERGER IMMO
THV KUMPEN-DEMOCO STADSHAVEN
THV HASSALINK.BE
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.859.163
- VAT number
- BE 0418.859.163
- Registered office
- Paalsteenstraat 36, 3500 Hasselt
- Names & denominations
- K-Boringen
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 1978
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bouw van bruggen en tunnels
Bouw van tunnels, bruggen, viaducten en dergelijke
Bouwrijp maken van terreinen
Grondverzet