Kawé
ActiveSummary
Kawé has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€107,483) and a net result of €15,518. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 5% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.2 in 2024; short-term debt: 524.5% and cash: 35.1% of total assets), and equity is negative.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
-429.6%
Return on assets
62%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7967 sector peers (2025).
NBB · sector comparisonPosition among 7967 sector peers
Solvency
better than 5%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
28 d early
2023
33 d early
2022
20 d early
2021
17 d early
2020
32 d early
2019
124 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 5 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€107,483▲ 12.6%
2024 · -€123,002
Total assets
€25,019▲ 20.5%
2024 · €20,759
Net result
€15,518▼ 53.7%
2024 · €33,550
Working capital
-€106,201▼ 26.9%
2024 · -€83,698
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,020▲ 709%€33,853▼ 19.4%€35,148▲ 3.8%€35,793▲ 1.8%€17,630▼ 50.7%
Net result€39,181within the sector's middle half€30,623within the sector's middle half▼ 21.8%€32,359within the sector's middle half▲ 5.7%€33,550within the sector's middle half▲ 3.7%€15,518within the sector's middle half▼ 53.7%
Equity-€219,534below the sector's middle half▲ 15.1%-€188,911below the sector's middle half▲ 13.9%-€156,552below the sector's middle half▲ 17.1%-€123,002below the sector's middle half▲ 21.4%-€107,483below the sector's middle half▲ 12.6%
Total assets€26,803below the sector's middle half▲ 60.7%€15,508below the sector's middle half▼ 42.1%€13,529below the sector's middle half▼ 12.8%€20,759below the sector's middle half▲ 53.4%€25,019below the sector's middle half▲ 20.5%
Debt€246,337▼ 10.6%€204,419▼ 17.0%€170,081▼ 16.8%€143,760▼ 15.5%€132,502▼ 7.8%
Working capital-€166,237below the sector's middle half▲ 10.2%-€149,077below the sector's middle half▲ 10.3%-€116,974below the sector's middle half▲ 21.5%-€83,698below the sector's middle half▲ 28.4%-€106,201below the sector's middle half▼ 26.9%
Solvency-819.1%below the sector's middle half-592.5%below the sector's middle half-429.6%below the sector's middle half▲ 162.9pp
Current ratio0.10below the sector's middle half▲ 0.060.09below the sector's middle half=0.10below the sector's middle half▲ 0.010.20below the sector's middle half▲ 0.100.19below the sector's middle half▼ 0.01
Return on assets (ROA)146.2%above the sector's middle half▲ 166.7pp197.5%above the sector's middle half▲ 51.3pp239.2%above the sector's middle half▲ 41.7pp161.6%above the sector's middle half▼ 77.6pp62.0%above the sector's middle half▼ 99.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024 and is the lowest result in the available series.
Key figures and ratios
Debt to equity
-1.23▼
2024 · -1.17
Debt ≤ 1 year
€131,220▲
2024 · €104,457
Debt > 1 year
€0▼
2024 · €37,500
Income taxes
€384▲
2024 · €181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,632 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €518 | €469 | €516 | €841 | €1,002 | ▲ 19.1% |
| Gross operating margin9900 | €42,538 | €34,322 | €35,665 | €36,633 | €18,631 | ▼ 49.1% |
| Operating profit (loss)9901 | €42,020 | €33,853 | €35,148 | €35,793 | €17,630 | ▼ 50.7% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €2,234 | €2,980 | €2,638 | €2,061 | €1,728 | ▼ 16.2% |
| Recurring financial charges65 | €2,234 | €2,980 | €2,638 | €2,061 | €1,728 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €39,786 | €30,873 | €32,511 | €33,731 | €15,902 | ▼ 52.9% |
| Income taxes67/77 | €605 | €251 | €152 | €181 | €384 | ▲ 112% |
| Profit (loss) for the period9904 | €39,181 | €30,623 | €32,359 | €33,550 | €15,518 | ▼ 53.7% |
| Profit (loss) for the period to be appropriated9905 | €39,181 | €30,623 | €32,359 | €33,550 | €15,518 | ▼ 53.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,803 | €15,508 | €13,529 | €20,759 | €25,019 | ▲ 20.5% |
| Fixed assets21/28 | €9,000 | €0 | - | - | - | - |
| Financial fixed assets28 | €9,000 | €0 | - | - | - | - |
| Current assets29/58 | €17,803 | €15,508 | €13,529 | €20,759 | €25,019 | ▲ 20.5% |
| Amounts receivable within one year40/41 | €6,418 | €10,318 | €12,676 | €14,691 | €16,245 | ▲ 10.6% |
| Trade receivables40 | €6,381 | €10,000 | €12,614 | €14,653 | €16,245 | ▲ 10.9% |
| Other amounts receivable41 | €37 | €318 | €62 | €38 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €11,385 | €5,190 | €853 | €6,068 | €8,774 | ▲ 44.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,803 | €15,508 | €13,529 | €20,759 | €25,019 | ▲ 20.5% |
| Equity10/15 | -€219,534 | -€188,911 | -€156,552 | -€123,002 | -€107,483 | ▲ 12.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€238,134 | -€207,511 | -€175,152 | -€141,602 | -€126,083 | ▲ 11.0% |
| Amounts payable17/49 | €246,337 | €204,419 | €170,081 | €143,760 | €132,502 | ▼ 7.8% |
| Amounts payable after more than one year17 | €61,010 | €37,500 | €37,500 | €37,500 | €0 | ▼ 100% |
| Financial debts170/4 | €9,000 | €0 | - | - | - | - |
| Other amounts payable178/9 | €52,010 | €37,500 | €37,500 | €37,500 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €184,040 | €164,585 | €130,503 | €104,457 | €131,220 | ▲ 25.6% |
| Current portion of amounts payable after more than one year42 | €21,495 | €14,510 | €0 | - | - | - |
| Trade debts44 | €10,347 | €17,485 | €10,147 | €12,812 | €29,320 | ▲ 129% |
| Suppliers440/4 | €10,347 | €17,485 | €10,147 | €12,812 | €29,320 | ▲ 129% |
| Taxes, remuneration and social security45 | €3,611 | €3,638 | €2,736 | €3,706 | €6,555 | ▲ 76.9% |
| Taxes450/3 | €3,611 | €2,146 | €2,736 | €1,369 | €4,280 | ▲ 213% |
| Remuneration and social security454/9 | €0 | €1,492 | €0 | €2,337 | €2,274 | ▼ 2.7% |
| Other amounts payable47/48 | €148,588 | €128,952 | €117,620 | €87,939 | €95,345 | ▲ 8.4% |
| Accrued charges and deferred income492/3 | €1,286 | €2,334 | €2,078 | €1,803 | €1,282 | ▼ 28.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,181 | €30,623 | €32,359 | €33,550 | €15,518 | ▼ 53.7% |
| Operating cash flow (approximation) | €39,181 | €30,623 | €32,359 | €33,550 | €15,518 | ▼ 53.7% |
| Investment in fixed assets (approximation) | - | €9,000 | - | - | - | - |
| Change in cash | - | -€6,195 | -€4,337 | €5,215 | €2,706 | ▼ 48.1% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €39,181
Net result €39,181 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 124 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 83 days late
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Geraardsbergen · 1 establishment unit since 2007
Ground area
1,563 m²
Building footprint
213 m²
Volume, LiDAR
1,025 m³
Parcel 41056A0131/00C000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kawé
since 20072.165.516.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41056A0131/00C000 | Flanders | 1,563 m² | 1 · 213 m² | 9.0 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
46150Agents in the wholesale of furniture, household goods and hardware
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891944593
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.