Turnover
≈ €780,000 estimated
The micro format states no turnover.
KADI CONSTRUCT
Lifetime
7 annual accounts with figures on one time axispeak €207,850 (2025)
€207,850▲ 39.9%
lowest -€12,698 (2019)
€14,699▲ €18,286
peak €41,938 (2025)
€41,938▲ 54.0%
€79,391▼ 26.2%
Board2 names since 2020
1 directorPLATTEAU Benjamin
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Gross margin from €148,570 to €207,850Back to profit: €14,699Equity from €27,240 to €41,938Debts from €107,635 to €79,391Cash from €23,074 to €57,897
Key points
from the 2025 annual accountsFilings
7 annual accounts 6 late
The 2020 accounts came latest: 97 days after the end of the period.
Position in the sector
€207,850
Higher gross margin than 90% of companies in specialised construction. Sector median €39,319 · 35,085 companies.
Checked score
87
Excellent
Financially stronger than 63% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.6%▼ -0.1 percentage points vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.7%▲ +0.1 percentage points vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.6%▼ -0.1 percentage points vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 2.2%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.4%▼ -0.8 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.2%▼ -0.2 percentage points vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.1%▼ -0.1 percentage points vs 02-2026
04-2026: 1.2%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -0.9 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Founded in 2017
lowers risk
Liquidity: current ratio 1.23, cash €57,897
Figures for financial year 2025 (filed on 07-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 37% of them on solvency, 64% on liquidity, 67% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as KADI CONSTRUCT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KADI CONSTRUCT itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for KADI CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (0.98 in 2024), below the usual 1.5. Short-term debt is 65.1% and cash 47.7% of total assets. 65.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €41,938
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 07-07-2026, 24 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
24 days early
2024
28 days late
2023
21 days late
2022
61 days late
2021
93 days late
2020
97 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 52 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0684445460
New director
PLATTEAU Benjamin appointed, BELLFKIH Khadija resigned · “Les travaux de menuiserie; L’installation de menuiseries extérieures et intérieures : portes (à l’exception…” (deed in French) · Director discharge: BELLFKIH Khadija · General meeting of 29-01-2020 · Gazette deed
Incorporation
published on 08-11-2017 · Gazette deed
First establishment
Chaussée de Lille 689, Tournai
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KADI CONSTRUCT Tournai | €121,330 | €207,850 | 34.6% | - |
| EDI Concept Tenneville | €144,475 | €199,125 | 55.8% | - |
| Backtowood Zaventem | €115,008 | €255,373 | -15.2% | - |
| LEO RENOVATION Ternat | €147,803 | €181,092 | 69.3% | - |
| ARD Conception'S Héron | €102,658 | €195,496 | 11.1% | - |
| KRASNIQI MONTAGE Charleroi | €85,937 | €235,666 | 32.4% | - |
| GCB Toitures Antoing | €131,416 | €211,142 | 41.3% | - |
These companies have the same main activity as KADI CONSTRUCT: joinery installation (NACE 43320). They are comparable in size and age: total assets between €85,900 and €148,000, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 06-11-2017Normal situation
- Activity
- Joinery installationNACE 43320and 7 others
- Establishment unit
- 2.269.682.6107522 Tournai, since 06-11-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- €121,330▼ 10.0%
- Employeeson 31-12-2025
- 4
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on KADI CONSTRUCT
KADI CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €32,016 in 2019 to €207,850 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KADI CONSTRUCT
- What is the company number of KADI CONSTRUCT?
- The company number of KADI CONSTRUCT is 0684.445.460. The VAT number is the same number with BE in front: BE 0684.445.460.
- Where is KADI CONSTRUCT based?
- The registered office is at Chaussée de Lille 689, 7522 Tournai.Company details
- What does KADI CONSTRUCT do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of KADI CONSTRUCT?
- KADI CONSTRUCT is a private limited company (BV).
- When was KADI CONSTRUCT founded?
- KADI CONSTRUCT was founded on 06-11-2017.
- Is KADI CONSTRUCT still active?
- Yes, KADI CONSTRUCT is an active enterprise in the KBO register.
- How many employees does KADI CONSTRUCT have?
- KADI CONSTRUCT had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of KADI CONSTRUCT?
- The turnover in financial year 2025 is ≈ €780,000. This figure is estimated from the gross margin of €207,850 and 36 comparable companies (NACE 43320). It probably lies between €550,000 and €1.1m. In financial year 2022 turnover was €319,410.
- Is KADI CONSTRUCT profitable?
- In financial year 2025, KADI CONSTRUCT made a profit of €14,699.
- Where can I find the annual accounts of KADI CONSTRUCT?
- KADI CONSTRUCT filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KADI CONSTRUCT due?
- KADI CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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