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KBD PROJECTS

Active
Private limited company·Ontwikkeling van residentiële bouwprojecten· 14 yrs active
Oostmallebaan 11 ·2980 Zoersel, Belgium
KBO/BCE: BE 0845.948.381
Watch Print / PDF
Age14 yrs
Board2
Connections14
Real estate1 parcel · 1,322 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of KBD PROJECTS is 0.4% (very low). The 2024 annual accounts show equity of €84k and a net result of €-54k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 60% of 1697 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.4% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 22-08-2025 22 d late 2025-00391099
31-12-2023 31-07-2024 28-08-2024 28 d late 2024-00383419
31-12-2022 31-07-2023 29-06-2023 32 d early 2023-00171507
31-12-2021 31-07-2022 17-08-2022 17 d late 2022-20291609
31-12-2020 31-07-2021 31-08-2021 31 d late 2021-61200057
31-12-2019 31-07-2020 29-08-2020 29 d late 2020-47600424
31-12-2018 31-07-2019 23-08-2019 23 d late 2019-50300256
31-12-2017 31-07-2018 03-07-2018 28 d early 2018-28000325
31-12-2016 31-07-2017 03-07-2017 28 d early 2017-26300222
31-12-2015 31-07-2016 01-07-2016 30 d early 2016-26600003

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-54k-390.0%
Working capital€84k-39.2%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 22-08-2025 with the NBB · fiscal year 2024 · verkort
€-100k€-50k€0€50k€100kOperating result 2020: €-12k€-12kNet result 2020: €93k€93kOperating result 2021: €-6k€-6kNet result 2021: €-1k€-1kOperating result 2022: €35k€35kNet result 2022: €36k€36kOperating result 2023: €-8k€-8kNet result 2023: €-11k€-11kOperating result 2024: €-54k€-54kNet result 2024: €-54k€-54k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±1%/year).
€50k€75k€100k€125k€150k2025: €109k (€92k - €126k)2026: €108k (€80k - €136k)2027: €107k (€69k - €145k)2018: €117k2019: €126k2020: €115k2021: €114k2022: €149k2023: €138k2024: €84k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 24.4% 14.3%
better than 60% of 1697 sector peers
Net result €-54k €0
better than 22% of 1693 sector peers
Equity €84k €108k
better than 46% of 1697 sector peers
Gross operating margin €-53k €52k
better than 6% of 1694 sector peers
Employees (FTE) 0.0 0.0
better than 30% of 497 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P60
2020: P94 · n=4612021: P62 · n=6942022: P57 · n=10992023: P53 · n=14362024: P60 · n=16972020 2024
Weakening position over 2020-2024 · n=461-1697
Net result P22
2020: P28 · n=4612021: P41 · n=6942022: P70 · n=10992023: P35 · n=14322024: P22 · n=16932020 2024
Stable position over 2020-2024 · n=461-1693
Equity P46
2020: P33 · n=4612021: P42 · n=6942022: P51 · n=10992023: P55 · n=14362024: P46 · n=16972020 2024
Improving position over 2020-2024 · n=461-1697
Gross operating margin P6
2020: P13 · n=4602021: P19 · n=6922022: P49 · n=10952023: P18 · n=14322024: P6 · n=16942020 2024
Stable position over 2020-2024 · n=460-1694
Describes the position versus peers, not a forecast.
EBITDA
€-12k
- 18-24
Net profit
€-54k
-390.0% 18-24
Cash flow
€93k
-20.0% 18-24
Total assets
€345k
-60.1% 18-24
Equity
€84k
-39.2% 18-24
Working capital
€84k
-39.2% 18-24
Employees (FTE)
0
-100.0% 18-24
Staff costs
€0
- 18-24
Income taxes
€0
-100.0% 18-24
Debt
€261k
-64.1% 18-24
Debt ≤ 1y
€261k
-64.1% 18-24
Debt > 1y
€0
-100.0% 18-24
Current ratio
1.32
+11.1% 18-24
Quick ratio
0.51
+4732.6% 18-24
Solvency
24.4%
+52.3% 18-24
Debt / equity
3.10
-40.9% 18-24
ROE
-64.5%
-706.3% 18-24
ROA
-15.7%
-1127.9% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA-
Net profit€-54k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€345k
Equity€84k
Debt€261k
of which ≤ 1y€261k
of which > 1y-
Working capital€84k
Employees (FTE)0.0
Ratios (computed)
2024
Current ratio1.32
Quick ratio0.51
Working capital ratio24.4%
Solvency24.4%
Debt / equity3.10
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-15.7%
ROE-64.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€345k
Current assets 29/58€345k
Stocks & contracts in progress 3€212k
Amounts receivable within one year 40/41€0
Cash & bank 54/58€132k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€345k
Equity 10/15€84k
Contributions / capital 10/11€20k
Reserves 13€2k
Accumulated profits (losses) 14€62k
Amounts payable 17/49€261k
Amounts payable within one year 42/48€261k
Trade debts payable within one year 44€268
Income statement
Gross operating margin 9900€-53k
Operating result 9901€-54k
Financial income 75€0
Financial charges 65€529
Result before taxes 9903€-54k
Net result for the period 9904€-54k
Result to be appropriated 9905€-54k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
27 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

4 directors
Current directors & mandates
  • ALPE PROJECTSLegal entity
    Director· perm. rep.: Lenaerts Philippe
    State Gazette act 24330001 (17-01-2024)
    Current
    17-01-2024 → present
  • GERMANUSLegal entity
    Director· perm. rep.: Lismont Steven
    State Gazette act 24330001 (17-01-2024)
    Current
    17-01-2024 → present
Former directors (2)
  • Lenaerts Philippe
    Director
    State Gazette act 24330001 (17-01-2024)
    Former
    - → 17-01-2024
  • VAN LAER Davy
    Manager
    State Gazette act 21022110 (18-02-2021)
    Former
    - → 22-09-2020
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Ontwikkeling van residentiële bouwprojecten(68121)
Legal form Private limited company(610)
Incorporation07-05-2012
StatusActive
Postal code2980

Structure & network

Connections & network

14 connected companies
ALPE PROJECTS, Sits on the board APALPE PROJECTSGERMANUS, Sits on the board GGERMANUSAndex-Rent, Shared corporate director AAndex-RentCARCONNEX, Shared corporate director CCARCONNEXCarrelages Fr Van Weyenbergh, Shared corporate director CFCarrelages FrVan WeyenberghCOLISMO, Shared corporate director CCOLISMODe Kaai, Shared corporate director DKDe KaaiDIVINA PROPORTIA, Shared corporate director DPDIVINAPROPORTIAJones Living, Shared corporate director JLJones LivingSoersel, Shared corporate director SSoerselSTEDIMO, Shared corporate director SSTEDIMOJONES CONSTRUCT, Shared address JCJONESCONSTRUCTOude Baan, Shared address OBOude BaanROEMI, Shared address RROEMIKBD PROJECTS KBD PROJECTS0845.948.381
Group structureShared directorsShared address / shareholder
Group structure
ALPE PROJECTS
Sits on the board · 3 subsidiaries · 1 location
Control→
GERMANUS
Sits on the board · 10 subsidiaries · 1 location
Control→
Network connections
Andex-Rent
Shared corporate director
→
CARCONNEX
Shared corporate director
→
Carrelages Fr Van Weyenbergh
Shared corporate director
→
COLISMO
Shared corporate director
→
De Kaai
Shared corporate director
→
DIVINA PROPORTIA
Shared corporate director
→
Jones Living
Shared corporate director
→
Soersel
Shared corporate director
→
STEDIMO
Shared corporate director
→
JONES CONSTRUCT
Shared address
→
Oude Baan
Shared address
→
ROEMI
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

2 parties
Control over this companysits on this company's board2
GERMANUS
10 subsidiaries · 1 location
ALPE PROJECTS
3 subsidiaries · 1 location
controls
KBD PROJECTSBE 0845.948.381

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Oostmallebaan 112980 Zoersel

Establishment units

1 location
KBD PROJECTS
Oostmallebaan 11, 2980 ZoerselProjectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken
since 20122.329.912.284
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,322 m²
Buildings1
Building footprint392 m²
Volume (LiDAR)1,959 m³
Tallest building7.6 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11055A0490/00E000 Flanders 1,322 m² 1 · 392 m² 7.5 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

8 acts
Address history · 4
24-10-2025
v3.2
26-06-2015
v3.2
24-12-2012
v3.2
19-11-2012
v3.2
All acts · 8 updated 9 months ago
2025
24-10-2025 Registered office moved from Zandhoven to Zoersel Registered-office change
  • Molenheide 80A, 2242 Zandhoven → Oostmallebaan 11, 2980 Zoersel
Summary: v3.2
2024
17-01-2024 2 directors appointed, 1 resigning Director changes
  • Lenaerts Philippe, Bestuurder
  • Lismont Steven, Bestuurder
  • Lenaerts Philippe, Bestuurder
Summary: v3.2
2021
18-02-2021 VAN LAER Davy resigns as manager Director changes
  • VAN LAER Davy, Zaakvoerder
Summary: v3.2
2018
07-12-2018 Articles of association amended Statutes amendment
Summary: v3.2
2015
26-06-2015 Registered office moved from ZOERSEL to Malle Registered-office change
  • Oostmallebaan 1D, 2980 ZOERSEL → Delften 23 23, 2390 Malle
Summary: v3.2
2012
24-12-2012 Registered office moved within Zoersel Registered-office change
  • Oostmallebaan 162, 2980 Zoersel → Oostmallebaan 1, 2980 Zoersel
Summary: v3.2
19-11-2012 Registered office moved within Zoersel Registered-office change
  • Oostmallebaan 3, 2980 ZOERSEL → Oostmallebaan 1, 2980 Zoersel
Summary: v3.2
29-05-2012 Incorporation of a new BV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health27Profitability0Solvency43Growth32Stability100
40 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 27
Profitability 0
Solvency 43
Growth 32
Stability 100

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 2,001 of the 9,648 companies in this sector. 1,510 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Ontwikkeling van niet-residentiële bouwprojecten68122Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameNL KBD PROJECTS
Registered office
Oostmallebaan 11
2980 Zoersel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.