Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
K-Holding from Liège, company number BE0791206432, closed financial year 2025 with a result of € -1,252 after tax. For that financial year K-Holding recorded a gross margin of € 13,540 and equity of € 268,914. Compared with financial year 2024, the result moved from € 80,138 to € -1,252. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 268,914
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,252
▼ still € 80,138 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 148,914.
Debts at end 2025
€ 315,208
▼ 14% vs 2024
€ 71,335 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2,291
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 650
▲ 189% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 14,111 | € 13,269 | € 13,540 | ▲ 2% |
| Profit after taxes | € 70,029 | € 80,138 | € -1,252 | ▼ € 81,390 |
| Equity | € 190,029 | € 270,167 | € 268,914 | |
| Total debts | € 572,433 | € 488,833 | € 490,086 | |
| Cash | € 49 | € 0 | - | |
| Retained profit | € 70,029 | € 150,167 | € 148,914 | ▼ 1% |
| Bank debt | € 433,932 | € 366,161 | € 315,208 | ▼ 14% |
| Balance sheet total | € 762,461 | € 759,000 | € 759,000 |
Key figures of K-Holding, fiscal years 2023 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-Holding?
What happened at K-Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,252 (▼ € 81,390 vs 2024). Source: NBB ↗
- New establishment in Liège. KBO
- Thomas FRAIPONT became a director. NBB
- Cédric MAERTENS became a director. NBB
- INYS SRL became a director. NBB
- Philippe CLOSON became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 70,029 profit in 2023 to € 1,252 loss in 2025.
Paid € 89 in corporate taxes since 2023.
Best year ever: 2024, with € 80,138 profit.
Management
Behind K-Holding are Thomas FRAIPONT, Cédric MAERTENS, INYS SRL and Philippe CLOSON. It owns 100% of KAMENEV itself.
Directors
According to the 2025 annual accounts
since 2022
Cédric MAERTENS
Director
Also active at: X - PACK, PACARBEL, Metal Deploye Belge, Jean Del'cour, KAMENEV, Moyens Industriels pour le Contrôle de l'Environnement, CEPHICO, H PACK +3 more
since 2022
Philippe CLOSON
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Rue de la Limite 8 box 10
4020 Liège
Rue de la Limite 8
4020 Liège
Active since 21 September 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0791.206.432
- VAT number
- BE 0791.206.432
- Registered office
- Rue de la Limite 8 bus 10, 4020 Liège
- Names & denominations
- K-Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 2022
- Peppol
- Active · Active since 20 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Vermogensbeheer