How would you see this situation and how would you act?

My thoughts is that SB def. has some sort of a hand but propably not so strong.
BB has pretty much some sort of pair or draw.
I would really want to jam right here and pick up the pot rather than to to the turn vs 2 ranges.

With stonger Kx i would nonAI raise here 4 value.

ATM the problem is that there is not many worst hands from SB that will call and by many we are simply crushed.
But donking is usually just weaker üart of range and SPR is sweet with so much money in the middle to make it work jam right here and now and actually would not mind folds all around and pick the pot.

Where in my thoughtproccess is flaw?

PokerStars - 10/20 NL (3 max) - Holdem - 3 players
Hand converted by PokerTracker 4

Hero (BTN): 25 BB
SB: 25 BB
BB: 25 BB (VPIP: 45.83, PFR: 31.91, 3Bet Preflop: 13.33, Hands: 50)

SB posts SB 0.5 BB, BB posts BB 1 BB

Pre Flop: (pot: 1.5 BB) Hero has 8 K

Hero raises to 2 BB, SB calls 1.5 BB, BB calls 1 BB

Flop: (6 BB, 3 players) Q 2 K
SB bets 2 BB, BB calls 2 BB, Hero ?

jamming definitely loses you a lot of value, i think you're overvaluing the protection

i think flatting is best and nai raise is a bit better than jamming

with a jam you can only get value from <K7, sometimes Qx. not a lot of draws here, JT only good one, so if you are good on the flop not a lot of bad turns only A,Q and (9 T J can give some aditional draws but not too bad) you have position and you know what enemy does and then decide. Also A,Q of diamonds etc give you a nut flush draw. Raising just builds the pot with a mediocre had against two oponents and basicly means a jam on the turn or river.

call with entire continuing range

I think I would find the call here and not jam here. There are a lot of better Kx hands thats beat you here if you jam plus reverse implied odds that if both villians have a pair that they can turn two pair.