KAB CONSTRUCT
ActiveSummary
KAB CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,513 and a net result of -€1,317. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-35
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 6.53 against 30.81 in 2024; short-term debt: 14.4% and cash: 77.8% of total assets), and 14.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.6%
Return on assets
-2.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 13-07-2026, 18 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
18 d early
2024
6 d early
2023
7 d early
2022
4 d early
2021
16 d late
2020
1 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€40,697
EBIT margin
3.6%
Net result
-€1,317
2024 · €13,457
Working capital
€35,683▼ 14.6%
2024 · €41,796
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€8,332▼ 61.8%-€2,514€4,038€13,995▲ 247%€1,994▼ 85.8%
Net result€5,637within the sector's middle half▼ 72.4%-€2,575below the sector's middle half€2,097within the sector's middle half€13,457within the sector's middle half▲ 542%-€1,317below the sector's middle half
EBIT margin
Equity€32,216within the sector's middle half▲ 21.2%€29,641within the sector's middle half▼ 8.0%€38,138within the sector's middle half▲ 28.7%€51,595within the sector's middle half▲ 35.3%€38,513within the sector's middle half▼ 25.4%
Total assets€32,426below the sector's middle half▼ 2.7%€30,077below the sector's middle half▼ 7.2%€40,240below the sector's middle half▲ 33.8%€52,997below the sector's middle half▲ 31.7%€44,970below the sector's middle half▼ 15.1%
Debt€210▼ 96.9%€436▲ 108%€2,102▲ 382%€1,402▼ 33.3%€6,457▲ 361%
Working capital€16,781▲ 141%€12,675▼ 24.5%€18,686▲ 47.4%€41,796▲ 124%€35,683▼ 14.6%
Solvency99.4%above the sector's middle half▲ 19.6pp98.5%above the sector's middle half▼ 0.8pp94.8%above the sector's middle half▼ 3.8pp97.4%above the sector's middle half▲ 2.6pp85.6%above the sector's middle half▼ 11.7pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 86% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,970
Fixed assets
€2,829 ▼ 71.1%
Current assets
€42,141 ▼ 2.4%
Equity and liabilities €44,970
Equity
€38,513 ▼ 25.4%
Debt
€6,457 ▲ 361%
Debt's share of the balance-sheet total rises from 2.6% to 14.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,964▼
2024 · €23,648
Cash flow
€5,652▼
2024 · €23,110
Current ratio
6.53▼
2024 · 30.81
Debt to equity
0.17▲
2024 · 0.03
ROE
-3.4%▼
2024 · 26.1%
ROA
-2.9%▼
2024 · 25.4%
Interest coverage
30.48▼
2024 · 87.77
Debt ≤ 1 year
€6,457▲
2024 · €1,402
Income taxes
€3,018▲
2024 · €269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,010 | - | €826 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,503 | €6,270 | €7,014 | €9,653 | €6,969 | ▼ 27.8% |
| Other operating charges640/8 | €293 | €11 | €728 | €257 | €672 | ▲ 162% |
| Gross operating margin9900 | €14,129 | €3,766 | €11,780 | €23,905 | €9,635 | ▼ 59.7% |
| Operating profit (loss)9901 | €8,332 | -€2,514 | €4,038 | €13,995 | €1,994 | ▼ 85.8% |
| Financial income75/76B | €62 | €260 | - | - | - | - |
| Recurring financial income75 | €62 | €260 | - | - | - | - |
| Financial charges65/66B | €317 | €321 | €260 | €269 | €294 | ▲ 9.1% |
| Recurring financial charges65 | €317 | €321 | €260 | €269 | €294 | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €8,078 | -€2,575 | €3,778 | €13,726 | €1,700 | ▼ 87.6% |
| Income taxes67/77 | €2,440 | - | €1,681 | €269 | €3,018 | ▲ 1,023% |
| Profit (loss) for the period9904 | €5,637 | -€2,575 | €2,097 | €13,457 | -€1,317 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €5,637 | -€2,575 | €2,097 | €13,457 | -€1,317 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,426 | €30,077 | €40,240 | €52,997 | €44,970 | ▼ 15.1% |
| Fixed assets21/28 | €15,435 | €16,965 | €19,451 | €9,799 | €2,829 | ▼ 71.1% |
| Tangible fixed assets22/27 | €15,417 | €16,947 | €19,433 | €9,781 | €2,811 | ▼ 71.3% |
| Plant, machinery and equipment23 | €15,417 | €11,531 | €7,645 | €3,758 | €172 | ▼ 95.4% |
| Furniture and vehicles24 | - | €5,417 | €11,789 | €6,022 | €2,639 | ▼ 56.2% |
| Financial fixed assets28 | €18 | €18 | €18 | €18 | €18 | = |
| Current assets29/58 | €16,991 | €13,112 | €20,788 | €43,198 | €42,141 | ▼ 2.4% |
| Amounts receivable within one year40/41 | €8,951 | €5,576 | €4,227 | €12,502 | €7,175 | ▼ 42.6% |
| Trade receivables40 | €3,180 | €180 | - | - | - | - |
| Other amounts receivable41 | €5,770 | €5,396 | €4,227 | €12,502 | €7,175 | ▼ 42.6% |
| Cash at bank and in hand54/58 | €8,041 | €7,536 | €16,561 | €30,697 | €34,966 | ▲ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,426 | €30,077 | €40,240 | €52,997 | €44,970 | ▼ 15.1% |
| Equity10/15 | €32,216 | €29,641 | €38,138 | €51,595 | €38,513 | ▼ 25.4% |
| Contributions10/11 | €12,200 | €12,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72 | €72 | €72 | €72 | €72 | = |
| Non-distributable reserves130/1 | €72 | €72 | €72 | €72 | €72 | = |
| Reserves not available under the articles1311 | €72 | €72 | €72 | €72 | €72 | = |
| Profit (loss) carried forward14 | €19,944 | €17,369 | €19,466 | €32,923 | €19,841 | ▼ 39.7% |
| Amounts payable17/49 | €210 | €436 | €2,102 | €1,402 | €6,457 | ▲ 361% |
| Amounts payable within one year42/48 | €210 | €436 | €2,102 | €1,402 | €6,457 | ▲ 361% |
| Trade debts44 | €210 | €376 | €2,102 | €1,018 | €3,298 | ▲ 224% |
| Suppliers440/4 | €210 | €376 | €2,102 | €1,018 | €3,298 | ▲ 224% |
| Taxes, remuneration and social security45 | - | - | - | - | €1,938 | - |
| Taxes450/3 | - | - | - | - | €1,938 | - |
| Other amounts payable47/48 | - | €60 | - | €384 | €1,220 | ▲ 218% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,637 | -€2,575 | €2,097 | €13,457 | -€1,317 | ▼ 110% |
| + Depreciation and write-downs630 | €5,503 | €6,270 | €7,014 | €9,653 | €6,969 | ▼ 27.8% |
| Operating cash flow (approximation) | €11,141 | €3,694 | €9,111 | €23,110 | €5,652 | ▼ 75.5% |
| Investment in fixed assets (approximation) | - | -€7,800 | -€9,500 | €0 | €0 | - |
| Change in cash | - | -€505 | €9,025 | €14,135 | €4,269 | ▼ 69.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 30.81
Current ratio from 9.89 to 30.81; short-term debt falls from €2,102 to €1,402.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,097
Net result €2,097 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€2,575
Net result drops to -€2,575, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Liquidity times 40current ratio 80.95
Current ratio from 2.03 to 80.95; short-term debt falls from €6,750 to €210.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20,417
Net result €20,417 after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.98
Current ratio from 1.20 to 2.98; short-term debt falls from €21,812 to €3,487.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ninove · 1 establishment unit since 2018
Ground area
317 m²
Building footprint
215 m²
Volume, LiDAR
1,176 m³
Parcel 41038B0606/00E002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KAB CONSTRUCT
since 20182.309.475.473
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038B0606/00E002 | Flanders | 317 m² | 1 · 215 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,819 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695709041
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.