KCW
ActiveSummary
KCW has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €423,016 and a net result of €60,172. Equity is growing by ~53.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-16
Solvency95▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 0.62 in 2023; short-term debt: 15.6% and cash: 14.5% of total assets), and 30.5% of the assets are financed with debt.
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Signals
Two 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 17-06-2026, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
44 d early
2024
43 d early
2023
34 d early
2022
23 d late
2021
48 d early
2020
44 d early
2019
101 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 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 18 June (4 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 2024, micro schema
Equity
€423,016▲ 16.3%
2023 · €363,677
Total assets
€608,301▼ 15.8%
2023 · €722,065
Net result
€60,172▼ 62.8%
2023 · €161,922
Working capital
€42,084
2023 · -€100,380
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€31,775▼ 40.9%€81,404▲ 156%€106,580▲ 30.9%€218,674▲ 105%€93,061▼ 57.4%
Net result€24,070above the sector's middle half▼ 36.3%€54,866above the sector's middle half▲ 128%€78,621above the sector's middle half▲ 43.3%€161,922above the sector's middle half▲ 106%€60,172above the sector's middle half▼ 62.8%
Equity€89,668within the sector's middle half▲ 36.7%€143,935above the sector's middle half▲ 60.5%€201,755above the sector's middle half▲ 40.2%€363,677above the sector's middle half▲ 80.3%€423,016above the sector's middle half▲ 16.3%
Total assets€186,180within the sector's middle half▼ 6.7%€182,351within the sector's middle half▼ 2.1%€269,708within the sector's middle half▲ 47.9%€722,065above the sector's middle half▲ 168%€608,301above the sector's middle half▼ 15.8%
Debt€96,512▼ 27.9%€38,417▼ 60.2%€67,953▲ 76.9%€339,058▲ 399%€170,335▼ 49.8%
Working capital-€36,458below the sector's middle half▲ 21.3%€41,000within the sector's middle half€53,751within the sector's middle half▲ 31.1%-€100,380below the sector's middle half€42,084within the sector's middle half
Solvency48.2%within the sector's middle half▲ 15.3pp78.9%above the sector's middle half▲ 30.8pp74.8%above the sector's middle half▼ 4.1pp50.4%within the sector's middle half▼ 24.4pp69.5%above the sector's middle half▲ 19.2pp
Current ratio0.57below the sector's middle half▲ 0.182.08within the sector's middle half▲ 1.501.81within the sector's middle half▼ 0.270.62below the sector's middle half▼ 1.191.44within the sector's middle half▲ 0.82
Return on assets (ROA)12.9%within the sector's middle half▼ 6.0pp30.1%above the sector's middle half▲ 17.2pp29.2%above the sector's middle half▼ 0.9pp22.4%above the sector's middle half▼ 6.7pp9.9%within the sector's middle half▼ 12.5pp
Staff (FTE)0.9within the sector's middle half▲ 80.0%3▲ 233%4.3▲ 43.3%4▼ 7.0%4.3▲ 7.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 2024; 2024 is 57% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €608,301
Fixed assets
€471,414 ▼ 15.7%
Current assets
€136,886 ▼ 16.1%
Equity and liabilities €608,301
Equity
€423,016 ▲ 16.3%
Provisions
€14,950 ▼ 22.7%
Debt
€170,335 ▼ 49.8%
Debt's share of the balance-sheet total falls from 47.0% to 28.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€233,334▼
2023 · €279,221
Cash flow
€200,445▼
2023 · €222,468
Quick ratio
1.15▲
2023 · 0.56
Debt to equity
0.40▼
2023 · 0.93
ROE
14.2%▼
2023 · 44.5%
Interest coverage
31.15▼
2023 · 46.09
Debt ≤ 1 year
€94,802▼
2023 · €263,556
Debt > 1 year
€75,000=
2023 · €75,000
Income taxes
€29,862▼
2023 · €31,470
Staff costs
€184,294▲
2023 · €146,719
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €46,996 | €96,670 | €146,719 | €184,294 | ▲ 25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,188 | €65,182 | €61,841 | €60,546 | €140,273 | ▲ 132% |
| Other operating charges640/8 | - | €559 | €981 | €696 | €712 | ▲ 2.4% |
| Gross operating margin9900 | €124,278 | €194,141 | €266,073 | €426,635 | €418,341 | ▼ 1.9% |
| Operating profit (loss)9901 | €31,775 | €81,404 | €106,580 | €218,674 | €93,061 | ▼ 57.4% |
| Financial income75/76B | - | €1 | €2 | €104 | €85 | ▼ 18.4% |
| Recurring financial income75 | - | €1 | €2 | €104 | €85 | ▼ 18.4% |
| Financial charges65/66B | - | €4,593 | €3,488 | €6,058 | €7,492 | ▲ 23.7% |
| Recurring financial charges65 | €5,019 | €4,593 | €3,488 | €6,058 | €7,492 | ▲ 23.7% |
| Profit (loss) for the period before taxes9903 | €26,755 | €76,813 | €103,095 | €212,721 | €85,655 | ▼ 59.7% |
| Transfer from deferred taxes780 | - | - | - | €2,568 | €4,379 | ▲ 70.6% |
| Transfer to deferred taxes680 | - | - | - | €21,897 | - | - |
| Income taxes67/77 | €2,685 | €21,946 | €24,474 | €31,470 | €29,862 | ▼ 5.1% |
| Profit (loss) for the period9904 | €24,070 | €54,866 | €78,621 | €161,922 | €60,172 | ▼ 62.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €7,703 | €13,138 | ▲ 70.6% |
| Transfer to tax-exempt reserves689 | - | - | - | €65,691 | - | - |
| Profit (loss) for the period to be appropriated9905 | €24,070 | €54,866 | €78,621 | €103,933 | €73,310 | ▼ 29.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €186,180 | €182,351 | €269,708 | €722,065 | €608,301 | ▼ 15.8% |
| Fixed assets21/28 | €137,411 | €103,253 | €149,217 | €558,889 | €471,414 | ▼ 15.7% |
| Intangible fixed assets21 | €13,282 | - | - | - | - | - |
| Tangible fixed assets22/27 | €124,009 | €102,998 | €149,157 | €558,484 | €471,009 | ▼ 15.7% |
| Plant, machinery and equipment23 | - | €32,169 | €82,282 | €64,346 | €47,694 | ▼ 25.9% |
| Furniture and vehicles24 | - | €60,585 | €44,015 | €465,644 | €398,614 | ▼ 14.4% |
| Other tangible fixed assets26 | - | €10,244 | €22,860 | €28,495 | €24,702 | ▼ 13.3% |
| Financial fixed assets28 | €120 | €255 | €60 | €405 | €405 | = |
| Current assets29/58 | €48,769 | €79,099 | €120,491 | €163,175 | €136,886 | ▼ 16.1% |
| Stocks and contracts in progress3 | €12,571 | €14,926 | €19,738 | €16,776 | €28,058 | ▲ 67.3% |
| Stocks30/36 | - | €14,926 | €19,738 | €16,776 | €28,058 | ▲ 67.3% |
| Amounts receivable within one year40/41 | €7,537 | €5,075 | €7,119 | €119,066 | €14,555 | ▼ 87.8% |
| Trade receivables40 | - | €2,021 | €5,562 | €118,706 | €9,392 | ▼ 92.1% |
| Other amounts receivable41 | - | €3,053 | €1,558 | €360 | €5,163 | ▲ 1,334% |
| Cash at bank and in hand54/58 | €25,903 | €56,969 | €89,536 | €23,995 | €88,237 | ▲ 268% |
| Deferred charges and accrued income490/1 | - | €2,129 | €4,097 | €3,338 | €6,036 | ▲ 80.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €186,180 | €182,351 | €269,708 | €722,065 | €608,301 | ▼ 15.8% |
| Equity10/15 | €89,668 | €143,935 | €201,755 | €363,677 | €423,016 | ▲ 16.3% |
| Contributions10/11 | - | €18,600 | €4,940 | €4,940 | €4,940 | = |
| Reserves13 | €71,068 | €125,335 | €196,815 | €358,737 | €418,076 | ▲ 16.5% |
| Tax-exempt reserves132 | - | - | - | €57,988 | €44,850 | ▼ 22.7% |
| Distributable reserves133 | - | €125,335 | €196,815 | €300,748 | €373,226 | ▲ 24.1% |
| Provisions and deferred taxes16 | - | - | - | €19,329 | €14,950 | ▼ 22.7% |
| Deferred taxes168 | - | - | - | €19,329 | €14,950 | ▼ 22.7% |
| Amounts payable17/49 | €96,512 | €38,417 | €67,953 | €339,058 | €170,335 | ▼ 49.8% |
| Amounts payable after more than one year17 | €10,800 | - | - | €75,000 | €75,000 | = |
| Financial debts170/4 | - | - | - | €75,000 | €75,000 | = |
| Amounts payable within one year42/48 | €85,227 | €38,099 | €66,740 | €263,556 | €94,802 | ▼ 64.0% |
| Trade debts44 | €29,439 | €27,668 | €49,325 | €205,778 | €43,098 | ▼ 79.1% |
| Suppliers440/4 | - | €27,668 | €49,325 | €205,778 | €43,098 | ▼ 79.1% |
| Taxes, remuneration and social security45 | - | €5,994 | €14,147 | €50,493 | €32,265 | ▼ 36.1% |
| Taxes450/3 | - | €2,369 | €836 | €33,322 | €6,439 | ▼ 80.7% |
| Remuneration and social security454/9 | - | €3,624 | €13,311 | €17,170 | €25,826 | ▲ 50.4% |
| Other amounts payable47/48 | - | €4,438 | €3,268 | €7,286 | €19,439 | ▲ 167% |
| Accrued charges and deferred income492/3 | - | €318 | €1,213 | €503 | €533 | ▲ 6.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,070 | €54,866 | €78,621 | €161,922 | €60,172 | ▼ 62.8% |
| + Depreciation and write-downs630 | €63,188 | €65,182 | €61,841 | €60,546 | €140,273 | ▲ 132% |
| Operating cash flow (approximation) | €87,258 | €120,048 | €140,462 | €222,468 | €200,445 | ▼ 9.9% |
| Investment in fixed assets (approximation) | - | -€31,024 | -€107,805 | -€470,218 | -€52,798 | ▲ 88.8% |
| Change in cash | - | €31,066 | €32,567 | -€65,541 | €64,242 | ▲ 198% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.44
Current ratio from 0.62 to 1.44; short-term debt falls from €263,556 to €94,802.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €161,922 ▲106%
Operating result €218,674, net result €161,922, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Equity above €200,000Eq €201,755 ▲40.2%
5 profitable years in a row build equity to €201,755.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 2.08
Current ratio from 0.57 to 2.08; short-term debt falls from €85,227 to €38,099.
31-12
Financial
Equity above €100,000Eq €143,935 ▲60.5%
4 profitable years in a row build equity to €143,935.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, Kasterlee · 1 establishment unit since 2016
Ground area
2,562 m²
Building footprint
183 m²
Volume, LiDAR
603 m³
Parcel 13017G0268/00G000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KCW
since 20162.254.711.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017G0268/00G000 | Flanders | 2,562 m² | 1 · 183 m² | 7.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 54,876 EUR awarded · 54,876 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 14,653 EUR | 14,653 EUR |
| 2024 | 1 | 12,644 EUR | 12,644 EUR |
| 2023 | 1 | 18,677 EUR | 18,677 EUR |
| 2022 | 1 | 8,902 EUR | 8,902 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKasterlee2.254.711.748
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 1,135 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
Founded08-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
47221Retail sale of meat and meat products, excluding game and poultry
47222Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0658865273
Also
9925:BE0658865273
Registered
04-09-2025
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.