K & W CONSTRUCTION
ActiveK & W CONSTRUCTION has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.38M and a net result of €249k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 820 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
75
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-31
Solvency39▼-7
Growth68▲+2
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.13 in 2024), and 75.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
24.6%
Return on assets
2.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-05-2026, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
87 d early
2024
93 d early
2023
92 d early
2022
47 d early
2021
96 d early
2020
64 d early
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€24.60M▲ 16.2%
2024 · €21.17M
2018: €17.41M
2019: €17.92M
2020: €16.86M
2021: €21.44M
2022: €27.69M
2023: €22.57M
2024: €21.17M
2018 → 2025
EBIT margin
2.4%▼ 4.8pp
2024 · 7.1%
2018: 1.7%
2019: 4.4%
2020: 5.0%
2021: 5.4%
2022: 3.5%
2023: 5.1%
2024: 7.1%
2018 → 2025
Net result
€249k▼ 75.4%
2024 · €1.01M
2018: €94k
2019: €467k
2020: €547k
2021: €803k
2022: €618k
2023: €765k
2024: €1.01M
2018 → 2025
Working capital
€699k▼ 3.7%
2024 · €726k
2018: €795k
2019: €718k
2020: €827k
2021: €747k
2022: €561k
2023: €738k
2024: €726k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.44M-€27.69M▲ 29.1%€22.57M▼ 18.5%€21.17M▼ 6.2%€24.60M▲ 16.2%
Equity€2.09M-€2.10M▲ 0.6%€2.22M▲ 5.5%€2.33M▲ 4.9%€2.38M▲ 2.1%
Operating result€1.17M-€976k▼ 16.3%€1.15M▲ 18.2%€1.51M▲ 30.7%€583k▼ 61.3%
Net result€803k-€618k▼ 23.0%€765k▲ 23.7%€1.01M▲ 31.9%€249k▼ 75.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.65M
Fixed assets
€2.14M▲ 5.8%
Current assets
€7.51M▲ 16.8%
Equity and liabilities €9.65M
Equity
€2.38M▲ 2.1%
Provisions
€150k=
Debt
€7.12M▲ 19.3%
The debt ratio rises from 70.7% to 73.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€900k▼
2024 · €1.84M
Cash flow
€566k▼
2024 · €1.34M
Solvency
24.6%▼
2024 · 27.5%
Current ratio
1.10▼
2024 · 1.13
Quick ratio
0.81▼
2024 · 0.92
Debt / equity
3.00▲
2024 · 2.57
ROE
10.5%▼
2024 · 43.4%
ROA
2.6%▼
2024 · 11.9%
Interest coverage
18.96▼
2024 · 64.82
Debt
€7.12M▲
2024 · €5.97M
Debt ≤ 1 year
€6.81M▲
2024 · €5.70M
Debt > 1 year
€315k▲
2024 · €272k
Income taxes
€122k▼
2024 · €380k
Staff costs
€3.84M▲
2024 · €3.58M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.45M€9.65M▲
Fixed assets21/28€2.02M€2.14M▲
Tangible fixed assets22/27€1.97M€2.09M▲
Land and buildings22€1.15M€1.14M▼
Plant, machinery and equipment23€703k€821k▲
Furniture and vehicles24€116k€128k▲
Financial fixed assets28€54k€54k=
Other financial fixed assets284/8€54k€54k=
Shares284€5k€5k=
Amounts receivable and cash guarantees285/8€50k€50k=
Current assets29/58€6.43M€7.51M▲
Stocks and contracts in progress3€1.19M€1.97M▲
Stocks30/36€1.19M€1.92M▲
Raw materials and consumables30/31€25k€25k=
Property held for sale35€1.16M€1.90M▲
Contracts in progress37-€52k
Amounts receivable within one year40/41€4.49M€4.83M▲
Trade receivables40€3.16M€4.16M▲
Other amounts receivable41€1.32M€669k▼
Cash at bank and in hand54/58€618k€592k▼
Deferred charges and accrued income490/1€137k€116k▼
Equity and liabilities
Total equity and liabilities10/49€8.45M€9.65M▲
Equity10/15€2.33M€2.38M▲
Contributions10/11€1.53M€1.53M=
Capital10€1.53M€1.53M=
Issued capital100€1.53M€1.53M=
Outside capital11€12€12=
Share premium1100/10€12€12=
Revaluation surpluses12€32k€32k=
Reserves13€153k€153k=
Non-distributable reserves130/1€153k€153k=
Legal reserve130€153k€153k=
Profit (loss) carried forward14€613k€662k▲
Provisions and deferred taxes16€150k€150k=
Provisions for liabilities and charges160/5€150k€150k=
Other liabilities and charges164/5€150k€150k=
Amounts payable17/49€5.97M€7.12M▲
Amounts payable after more than one year17€272k€315k▲
Financial debts170/4€272k€315k▲
Credit institutions173€272k€315k▲
Amounts payable within one year42/48€5.70M€6.81M▲
Current portion of amounts payable after more than one year42€104k€79k▼
Financial debts43€1.50M€1.65M▲
Credit institutions430/8€1.20M€1.29M▲
Other loans439€305k€366k▲
Trade debts44€2.21M€2.97M▲
Suppliers440/4€2.21M€2.97M▲
Advances received on contracts in progress46€536k-
Taxes, remuneration and social security45€448k€362k▼
Taxes450/3€173k€51k▼
Remuneration and social security454/9€275k€311k▲
Other amounts payable47/48€901k€1.75M▲
Income statement
Code20242025
Operating income70/76A€22.34M€25.40M▲
Turnover70€21.17M€24.60M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.12M€785k▼
Other operating income74€3k€10k▲
Non-recurring operating income76A€46k€6k▼
Operating charges60/66A€20.83M€24.82M▲
Goods for resale, raw materials and consumables60€15.45M€19.08M▲
Purchases600/8€15.45M€19.08M▲
Services and other goods61€1.46M€1.55M▲
Remuneration, social security and pensions62€3.58M€3.84M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€328k€317k▼
Other operating charges640/8€14k€16k▲
Non-recurring operating charges66A-€19k
Operating profit (loss)9901€1.51M€583k▼
Financial income75/76B€33k€23k▼
Recurring financial income75€33k€23k▼
Income from current assets751€15k€5k▼
Other financial income752/9€18k€18k▲
Financial charges65/66B€152k€235k▲
Recurring financial charges65€152k€235k▲
Debt charges650€28k€47k▲
Other financial charges652/9€124k€187k▲
Profit (loss) for the period before taxes9903€1.39M€371k▼
Income taxes67/77€380k€122k▼
Taxes670/3€380k€122k▼
Profit (loss) for the period9904€1.01M€249k▼
Profit (loss) for the period to be appropriated9905€1.01M€249k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.51M€862k▼
Profit (loss) brought forward from the previous period14P€504k€613k▲
Profit to be distributed694/7€900k€200k▼
Return on contributions (dividend)694€900k€200k▼
Social balance
Average headcount (FTE)908755.959.3▲
The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.01M ▲31.9%
Operating result €1.51M, net result €1.01M, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.09M ▲7.9%
4 profitable years in a row build equity to €2.09M.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Wortegem-Petegem · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eekhoutstraat (P.) 99790 Wortegem-PetegemGround area
9,931 m²
Building footprint
596 m²
Volume, LiDAR
2,205 m³
Parcel 45039B0092/00M000, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Eekhoutstraat (P.) 9, 9790 Wortegem-Petegem
since 19892.045.370.605
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45039B0092/00M000 | Flanders | 9,931 m² | 1 · 596 m² | 5.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Group per the LEI register
1 parent companyParent company:Basildon Investment AB
Public money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 70,265 EUR awarded · 69,656 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 20,961 EUR | 20,671 EUR |
| 2024 | 3 | 11,204 EUR | 20,823 EUR |
| 2023 | 2 | 21,533 EUR | 20,113 EUR |
| 2022 | 4 | 16,567 EUR | 8,049 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Werkbaarheidscheque (stopgezet)
Recognitions · licences · registrations
Recognised contractor
4 categoriesK & W CONSTRUCTION NV33164
Dual-learning approval
2 live approvals · 2 endedMetselaar (vwo)
Ruwbouw duaal (so)
Legal Entity Identifier
699400TT31RW6UF06R91
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 3,525 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-08-1989
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.