K & D
Dissolved and wound up on 07-04-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 12-03-2026 PDF all 29 filings
Turnover
≈ €600,000
Estimated: probably between €400,000 and €930,000
Total assets
€693,185▲ 28.1%
2024 · €541,201
Net result
€166,424▲ 93×
2024 · €1,795
Working capital
€688,393▲ 94.6%
2024 · €353,680
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€239,160
2025
20182025
Net result
€166,424
▲ 93×
2025
20182025
Equity
€688,393
▲ 29.3%
2025
20182025
Total assets
€693,185
▲ 28.1%
2025
20182025
Debt
€4,792
▼ 46.8%
2025
20182025
Working capital
€688,393
▲ 94.6%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€52,393-€77,185-€85,895€9,812€15,515▲ 58.1%€14,899▼ 4.0%-€764€239,160
Net result-€48,037-€76,709-€47,808€10,427€13,273▲ 27.3%€12,192▼ 8.1%€1,795▼ 85.3%€166,424▲ 93×
Equity€465,608-€542,317▲ 16.5%€494,509▼ 8.8%€504,937▲ 2.1%€518,210▲ 2.6%€530,402▲ 2.4%€532,196▲ 0.3%€688,393▲ 29.3%
Total assets€766,320-€726,930▼ 5.1%€642,198▼ 11.7%€510,082▼ 20.6%€526,722▲ 3.3%€543,513▲ 3.2%€541,201▼ 0.4%€693,185▲ 28.1%
Debt€121,707-€5,609▼ 95.4%€147,688▲ 26×€5,146▼ 96.5%€8,512▲ 65.4%€13,111▲ 54.0%€9,005▼ 31.3%€4,792▼ 46.8%
Working capital€287,146-€496,374▲ 72.9%€286,637▼ 42.3%€309,282▲ 7.9%€334,772▲ 8.2%€359,009▲ 7.2%€353,680▼ 1.5%€688,393▲ 94.6%
The operating result for 2025 is a profit of €239,160, after a loss of €764 in 2024. It is the highest result since 2018.
Large changes and their cause
- 2025 Net result +9,174% on 2024. The 2025 profit included a one-off income of €261,711.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €693,185
Equity
€688,393 ▲ 29.3%
Debt
€4,792 ▼ 46.8%
Debt's share of the balance-sheet total falls from 1.7% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€239,160▲
2024 · €13,812
Cash flow
€166,424▲
2024 · €16,371
Debt to equity
0.01▼
2024 · 0.02
ROE
24.2%▲
2024 · 0.3%
ROA
24.0%▲
2024 · 0.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€4,792▼
2024 · €9,005
Income taxes
€77,664▲
2024 · €837
A ratio outside any meaningful range has been withheld (balance sheet total €693,185, equity €688,393).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €21,699 | - |
| Depreciation and write-downs of the year | €12,217 | €12,217 | €12,045 | €14,576 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €261,711 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,165 | €12,217 | €12,217 | €12,217 | €12,217 | €12,045 | €14,576 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €2,294 | €1,995 | €2,556 | €2,621 | €886 | ▼ 66.2% |
| Gross operating margin9900 | €32,868 | €93,188 | €7,817 | €24,324 | €29,727 | €29,500 | €16,433 | €240,046 | ▲ 15× |
| Operating profit (loss)9901 | -€52,393 | €77,185 | -€85,895 | €9,812 | €15,515 | €14,899 | -€764 | €239,160 | - |
| Financial income75/76B | - | - | - | €5,856 | €4,475 | €3,483 | €3,494 | €4,998 | ▲ 43.0% |
| Recurring financial income75 | €8,532 | €6,171 | €6,868 | €5,856 | €4,475 | €3,483 | €3,494 | €4,998 | ▲ 43.0% |
| Financial charges65/66B | - | - | - | €95 | €95 | €89 | €98 | €70 | ▼ 28.7% |
| Recurring financial charges65 | €4,176 | €6,647 | €98 | €95 | €95 | €89 | €98 | €70 | ▼ 28.7% |
| Profit (loss) for the period before taxes9903 | -€48,037 | €76,709 | -€79,124 | €15,573 | €19,895 | €18,293 | €2,632 | €244,088 | ▲ 93× |
| Income taxes67/77 | - | - | €147,688 | €5,146 | €6,622 | €6,101 | €837 | €77,664 | ▲ 93× |
| Profit (loss) for the period9904 | -€48,037 | €76,709 | -€47,808 | €10,427 | €13,273 | €12,192 | €1,795 | €166,424 | ▲ 93× |
| Profit (loss) for the period to be appropriated9905 | -€48,037 | €76,709 | €299,827 | €10,427 | €13,273 | €12,192 | €1,795 | €166,424 | ▲ 93× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €766,320 | €726,930 | €642,198 | €510,082 | €526,722 | €543,513 | €541,201 | €693,185 | ▲ 28.1% |
| Fixed assets21/28 | €447,023 | €224,948 | €207,872 | €195,655 | €183,438 | €171,393 | €178,516 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €447,023 | €220,089 | €207,872 | €195,655 | €183,438 | €171,393 | €178,516 | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €195,482 | €183,438 | €171,393 | €159,348 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €173 | €0 | - | €19,168 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €4,859 | - | - | - | - | - | - | - |
| Current assets29/58 | €319,297 | €501,983 | €434,326 | €314,428 | €343,284 | €372,120 | €362,685 | €693,185 | ▲ 91.1% |
| Amounts receivable after more than one year29 | - | - | - | €222,451 | €297,120 | €349,324 | €349,456 | €650,050 | ▲ 86.0% |
| Other amounts receivable291 | - | - | - | €222,451 | €297,120 | €349,324 | €349,456 | €650,050 | ▲ 86.0% |
| Amounts receivable within one year40/41 | €213,713 | €224,063 | €132,745 | €77,535 | €32,953 | €7,353 | €8,308 | €49 | ▼ 99.4% |
| Trade receivables40 | - | - | - | €6,720 | €6,720 | €6,720 | €6,786 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €70,814 | €26,233 | €632 | €1,522 | €49 | ▼ 96.8% |
| Cash at bank and in hand54/58 | €2,225 | €94,298 | €96,137 | €8,586 | €8,735 | €12,211 | €1,102 | €38,088 | ▲ 35× |
| Deferred charges and accrued income490/1 | - | - | - | €5,856 | €4,475 | €3,232 | €3,819 | €4,998 | ▲ 30.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €766,320 | €726,930 | €642,198 | €510,082 | €526,722 | €543,513 | €541,201 | €693,185 | ▲ 28.1% |
| Equity10/15 | €465,608 | €542,317 | €494,509 | €504,937 | €518,210 | €530,402 | €532,196 | €688,393 | ▲ 29.3% |
| Contributions10/11 | €86,986 | €86,986 | €86,986 | €87,000 | €87,000 | €87,000 | €87,000 | €87,000 | = |
| Capital10 | - | - | - | €86,986 | €86,986 | €86,986 | €86,986 | €86,986 | = |
| Issued capital100 | - | - | - | €86,986 | €86,986 | €86,986 | €86,986 | €86,986 | = |
| Contributions outside capital11 | - | - | - | €14 | €14 | €14 | €14 | €14 | = |
| Share premium1100/10 | - | - | - | €14 | €14 | €14 | €14 | €14 | = |
| Revaluation surpluses12 | - | - | - | €10,227 | €10,227 | €10,227 | €10,227 | €0 | ▼ 100% |
| Reserves13 | €452,043 | €445,090 | €397,282 | €407,710 | €420,983 | €433,175 | €434,969 | €601,393 | ▲ 38.3% |
| Non-distributable reserves130/1 | - | - | - | €8,699 | €8,699 | €8,699 | €8,699 | €8,699 | = |
| Legal reserve130 | - | - | - | €8,699 | €8,699 | €8,699 | €8,699 | €8,699 | = |
| Distributable reserves133 | - | - | - | €399,011 | €412,284 | €424,476 | €426,271 | €592,694 | ▲ 39.0% |
| Profit (loss) carried forward14 | -€83,662 | - | - | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €179,005 | €179,005 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €121,707 | €5,609 | €147,688 | €5,146 | €8,512 | €13,111 | €9,005 | €4,792 | ▼ 46.8% |
| Amounts payable after more than one year17 | €89,556 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €32,151 | €5,609 | €147,688 | €5,146 | €8,512 | €13,111 | €9,005 | €4,792 | ▼ 46.8% |
| Trade debts44 | €4,507 | €5,601 | - | - | €1,890 | €388 | €2,904 | €128 | ▼ 95.6% |
| Suppliers440/4 | - | - | - | - | €1,890 | €388 | €2,904 | €128 | ▼ 95.6% |
| Taxes, remuneration and social security45 | - | - | - | €5,146 | €6,622 | €12,724 | €6,101 | €4,664 | ▼ 23.5% |
| Taxes450/3 | - | - | - | €5,146 | €6,622 | €12,724 | €6,101 | €4,664 | ▼ 23.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,037 | €76,709 | -€47,808 | €10,427 | €13,273 | €12,192 | €1,795 | €166,424 | ▲ 93× |
| + Depreciation and write-downs630 | €17,165 | €12,217 | €12,217 | €12,217 | €12,217 | €12,045 | €14,576 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€30,872 | €88,926 | -€35,590 | €22,645 | €25,490 | €24,237 | €16,371 | €166,424 | ▲ 917% |
| Investment in fixed assets (approximation) | - | €209,858 | €4,859 | €0 | €0 | €0 | -€21,699 | €178,516 | - |
| Change in cash | - | €92,073 | €1,839 | -€87,550 | €149 | €3,476 | -€11,109 | €36,986 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-03-2026 | 2026-00053224 | |
| 31-12-2024 | micro format | 12-03-2025 | 2025-00047142 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00253618 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00258916 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20419292 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-61500506 | |
| 31-12-2019 | micro format | 14-10-2020 | 2020-61500258 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49500279 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-30400444 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-57900054 |