KAWAN
ActiveSummary
KAWAN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,524 and a net result of -€20,507. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency77▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 3.51 against 3.79 in 2024; short-term debt: 25.8% and cash: 38.7% of total assets), and 47.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
52.2%
Return on assets
-16.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
14 d late
2023
on the day
2022
3 d early
2021
23 d early
2020
1 d early
2019
1 d early
← 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 2 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
26-09-2026 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 simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€66,524▼ 23.6%
2024 · €87,031
Total assets
€127,370▼ 5.5%
2024 · €134,741
Net result
-€20,507
2024 · €54,739
Working capital
€82,484▼ 5.5%
2024 · €87,318
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,828▲ 8.0%€32,165▲ 117%-€1,070€73,018-€16,602
Net result€9,997▲ 3.6%€24,418▲ 144%-€4,640€54,739-€20,507
Equity€37,514▲ 139%€51,932▲ 38.4%€42,292▼ 18.6%€87,031▲ 106%€66,524▼ 23.6%
Total assets€69,440▲ 86.5%€84,514▲ 21.7%€87,631▲ 3.7%€134,741▲ 53.8%€127,370▼ 5.5%
Debt€31,925▲ 48.4%€32,582▲ 2.1%€45,339▲ 39.2%€47,710▲ 5.2%€60,846▲ 27.5%
Working capital€28,258▲ 148%€45,939▲ 62.6%€41,407▼ 9.9%€87,318▲ 111%€82,484▼ 5.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,602 after €73,018 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127,370
Fixed assets
€12,055 ▼ 25.3%
Current assets
€115,315 ▼ 2.8%
Equity and liabilities €127,370
Equity
€66,524 ▼ 23.6%
Debt
€60,846 ▲ 27.5%
Debt's share of the balance-sheet total rises from 35.4% to 47.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€12,513▼
2024 · €77,299
Cash flow
-€16,419▼
2024 · €59,020
Current ratio
3.51▼
2024 · 3.79
Debt to equity
0.91▲
2024 · 0.55
ROE
-30.8%▼
2024 · 62.9%
ROA
-16.1%▼
2024 · 40.6%
Interest coverage
-3.32▼
2024 · 24.24
Debt ≤ 1 year
€32,831▲
2024 · €31,280
Income taxes
€136▼
2024 · €15,298
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,125 | €3,263 | €4,029 | €4,282 | €4,088 | ▼ 4.5% |
| Other operating charges640/8 | €200 | - | - | - | €304 | - |
| Non-recurring operating charges66A | €1,608 | - | - | - | €1,115 | - |
| Gross operating margin9900 | €19,761 | €35,428 | €2,959 | €77,299 | -€11,094 | ▼ 114% |
| Operating profit (loss)9901 | €14,828 | €32,165 | -€1,070 | €73,018 | -€16,602 | ▼ 123% |
| Financial income75/76B | - | €1,608 | - | €209 | - | - |
| Recurring financial income75 | - | €1,608 | - | €209 | - | - |
| Non-recurring financial income76B | - | €1,608 | - | - | - | - |
| Financial charges65/66B | €1,331 | €2,616 | €3,416 | €3,189 | €3,770 | ▲ 18.2% |
| Recurring financial charges65 | €1,331 | €2,616 | €3,416 | €3,189 | €3,770 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €13,497 | €31,157 | -€4,486 | €70,037 | -€20,372 | ▼ 129% |
| Income taxes67/77 | €3,500 | €6,739 | €155 | €15,298 | €136 | ▼ 99.1% |
| Profit (loss) for the period9904 | €9,997 | €24,418 | -€4,640 | €54,739 | -€20,507 | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €9,997 | €24,418 | -€4,640 | €54,739 | -€20,507 | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,440 | €84,514 | €87,631 | €134,741 | €127,370 | ▼ 5.5% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €9,256 | €5,994 | €18,105 | €16,144 | €12,055 | ▼ 25.3% |
| Tangible fixed assets22/27 | €9,256 | €5,994 | €18,105 | €16,144 | €12,055 | ▼ 25.3% |
| Plant, machinery and equipment23 | €2,719 | €1,584 | €448 | €0 | €0 | - |
| Furniture and vehicles24 | €5,598 | €3,940 | €2,283 | €3,460 | €2,062 | ▼ 40.4% |
| Other tangible fixed assets26 | €940 | €470 | €15,374 | €12,684 | €9,994 | ▼ 21.2% |
| Current assets29/58 | €60,183 | €78,520 | €69,526 | €118,597 | €115,315 | ▼ 2.8% |
| Amounts receivable within one year40/41 | €3,500 | €13,613 | €11,127 | €27,250 | €49,971 | ▲ 83.4% |
| Trade receivables40 | - | €13,613 | €6,282 | €22,405 | €40,106 | ▲ 79.0% |
| Other amounts receivable41 | €3,500 | - | €4,845 | €4,845 | €9,864 | ▲ 104% |
| Cash at bank and in hand54/58 | €56,313 | €64,908 | €58,399 | €91,347 | €49,256 | ▼ 46.1% |
| Deferred charges and accrued income490/1 | €370 | - | - | - | €16,088 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,440 | €84,514 | €87,631 | €134,741 | €127,370 | ▼ 5.5% |
| Equity10/15 | €37,514 | €51,932 | €42,292 | €87,031 | €66,524 | ▼ 23.6% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €99 | €99 | €99 | €99 | €99 | = |
| Non-distributable reserves130/1 | €99 | €99 | - | - | - | - |
| Reserves not available under the articles1311 | €99 | €99 | - | - | - | - |
| Distributable reserves133 | - | - | €99 | €99 | €99 | = |
| Profit (loss) carried forward14 | €18,416 | €32,834 | €23,193 | €67,932 | €47,425 | ▼ 30.2% |
| Amounts payable17/49 | €31,925 | €32,582 | €45,339 | €47,710 | €60,846 | ▲ 27.5% |
| Amounts payable within one year42/48 | €31,925 | €32,582 | €28,119 | €31,280 | €32,831 | ▲ 5.0% |
| Trade debts44 | €4,064 | €8,563 | €4,490 | €1,447 | €11,106 | ▲ 667% |
| Suppliers440/4 | €4,064 | €8,563 | €4,490 | €1,447 | €11,106 | ▲ 667% |
| Taxes, remuneration and social security45 | €12,698 | €2,779 | €10,180 | €15,408 | €19,503 | ▲ 26.6% |
| Taxes450/3 | €9,698 | €2,779 | €10,180 | €15,408 | €19,503 | ▲ 26.6% |
| Remuneration and social security454/9 | €3,000 | - | - | - | - | - |
| Other amounts payable47/48 | €15,163 | €21,239 | €13,450 | €14,424 | €2,223 | ▼ 84.6% |
| Accrued charges and deferred income492/3 | - | - | €17,220 | €16,430 | €28,015 | ▲ 70.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,997 | €24,418 | -€4,640 | €54,739 | -€20,507 | ▼ 137% |
| + Depreciation and write-downs630 | €3,125 | €3,263 | €4,029 | €4,282 | €4,088 | ▼ 4.5% |
| Operating cash flow (approximation) | €13,121 | €27,681 | -€611 | €59,020 | -€16,419 | ▼ 128% |
| Investment in fixed assets (approximation) | - | €0 | -€16,140 | -€2,321 | €0 | ▲ 100% |
| Change in cash | - | €8,595 | -€6,508 | €32,947 | -€42,091 | ▼ 228% |
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
31-08
State Gazette act
Registered office · Other addressesRegistered-office move3 facts ▸
State Gazette act
Registered office · Other addresses
Registered-office move3 facts ▸
- Board meeting, 02-02-2026
- Registered-office move, Vuurgatstraat 44, 3090 Overijse
- Other statement, https://www.kawan.be, website
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€20,507
Net result drops to -€20,507, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Back to profitnet €54,739
Net result €54,739 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9,649
Net result €9,649 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Overijse · 1 establishment unit since 2017
Ground area
1.5 ha
Building footprint
240 m²
Volume, LiDAR
1,432 m³
2 parcels, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KAWAN
since 20172.265.308.504
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062M0217/00A000 | Flanders | 1.4 ha | 1 · 155 m² | 15.3 m · 1 fl. |
| 24302G0183/00W004 | Flanders | 232 m² | 1 · 84 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 7,200 EUR awarded · 7,200 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 7,200 EUR | 7,200 EUR |
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,524 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
Founded20-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
70200Business and other management consultancy
73200Market research and public opinion polling
73300Public relations and communication consultancy
Contact
Website
www.kawan.be
Scores and ratios are computed by Checked and are not a credit decision.