KD PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of KD PROJECTS is 2.6% (moderate). The 2025 annual accounts show negative equity (-€1,529) and a net result of -€2,015. Its solvency ranks better than 29% of 5,724 sector peers (NACE 96, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-09-2024 Normal situation
- Activity
- Launderettes and laundries for private customers NACE 96102and 1 other
- Establishment unit
- 2.364.177.337 3590 Diepenbeek, since 04-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 18-03-2025
Board and ownership
Board
Shareholders
- KENENS Koen Simon Isidore Erik Marie50 sharesact of 06-09-2024
- VANVOORDEN Dasha50 sharesact of 06-09-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.6%
Annual accounts 2025
- Gross margin
- €10,431
- ▲ 356%
- Turnover
- ≈ €63,000
- estimated
- Loss
- €2,015
- ▼ 19.9%
- Equity
- -€1,529
- Total assets
- €75,595
- ▼ 10.0%
- Negative equity on 31-12-2025
Score breakdownraises riskFounded in 2024Negative equity -€1,529Size: total assets €75,595lowers riskFigures for financial year 2025 (filed on 27-07-2026)Show the evidence
Checked score
Score 2025
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 27% of micro companies in personal services (NACE 96)
Financial strength · tick: 2024
Weak
Solvency
23-3
equity -2.0% of total assets
Liquidity
46+13
short-term debt 27.4% · cash 5.7%
Profitability
55+31
return on assets -2.7%
Bankruptcy probability within 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 1.9%lowest value
11-2025: 1.9%● unchanged vs 10-2025lowest value
12-2025: 2.2%▲ +0.3 percentage points vs 11-2025
01-2026: 2.2%● unchanged vs 12-2025
02-2026: 2.3%▲ +0.1 percentage points vs 01-2026
03-2026: 2.3%● unchanged vs 02-2026
04-2026: 2.6%▲ +0.3 percentage points vs 03-2026
05-2026: 2.7%▲ +0.1 percentage points vs 04-2026
06-2026: 2.7%● unchanged vs 05-2026
07-2026: 2.7%● unchanged vs 06-2026highest value
08-2026: 2.4%▼ -0.3 percentage points vs 07-2026
09-2026: 2.6%▲ +0.2 percentage points vs 08-2026
10-2026: 2.6%● unchanged vs 09-2026
11-2026: 2.6%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.22 (0.09 in 2024), below 1. Short-term debt is 27.4% and cash 5.7% of total assets. Equity is negative.
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 96, micro). It does better than 28% of them on solvency, 39% on liquidity, 39% on profitability and 2% on growth.
The bankruptcy probability was computed on 04-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€1,529
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 27-07-2026, 4 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
4 days early
2024
27 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 16 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% 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.
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 2 filings
Turnover
≈ €63,000
Estimated: probably between €34,000 and €130,000
Total assets
€75,595▼ 10.0%
2024 · €84,032
Net result
-€2,015▲ 19.9%
2024 · -€2,514
Working capital
-€16,159▲ 50.0%
2024 · -€32,346
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€42
2025
20242025
Net result
-€2,015
▲ 19.9%
2025
middle half of the sector
20242025
Equity
-€1,529
2025
middle half of the sector
20242025
Total assets
€75,595
▼ 10.0%
2025
middle half of the sector
20242025
Debt
€77,124
▼ 7.7%
2025
20242025
Working capital
-€16,159
▲ 50.0%
2025
middle half of the sector
20242025
Solvency
-2.0%
▼ 2.6pp
2025
middle half of the sector
20242025
Current ratio
0.22
▲ 0.13
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
-2.7%
▲ 0.3pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€918-€42
Net result-€2,514within the sector's middle half--€2,015within the sector's middle half▲ 19.9%
Equity€486within the sector's middle half--€1,529within the sector's middle half
Total assets€84,032within the sector's middle half-€75,595within the sector's middle half▼ 10.0%
Debt€83,546-€77,124▼ 7.7%
Working capital-€32,346below the sector's middle half--€16,159within the sector's middle half▲ 50.0%
Solvency0.6%within the sector's middle half--2.0%within the sector's middle half▼ 2.6pp
Current ratio0.09below the sector's middle half-0.22below the sector's middle half▲ 0.13
Return on assets (ROA)-3.0%within the sector's middle half--2.7%within the sector's middle half▲ 0.3pp
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €42, after a loss of €918 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,400
Fixed assets
€69,874 ▼ 10.3%
Current assets
€4,526 ▲ 41.9%
Equity and liabilities
Equity-€1,529
Debt€77,124
Equity is negative. Debt (€77,124) exceeds the balance-sheet total (€75,595).
Key figures and ratios
EBITDA
€9,816▲
2024 · €1,786
Cash flow
€7,759▲
2024 · €190
Quick ratio
0.21▲
2024 · 0.08
Interest coverage
4.77▲
2024 · 1.12
Debt ≤ 1 year
€20,685▼
2024 · €35,534
Debt > 1 year
€56,372▲
2024 · €47,946
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €80,000 | - |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €2,704 | €9,774 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,704 | €9,774 | ▲ 261% |
| Other operating charges640/8 | €503 | €616 | ▲ 22.4% |
| Gross operating margin9900 | €2,289 | €10,431 | ▲ 356% |
| Operating profit (loss)9901 | -€918 | €42 | - |
| Financial charges65/66B | €1,596 | €2,056 | ▲ 28.8% |
| Recurring financial charges65 | €1,596 | €2,056 | ▲ 28.8% |
| Profit (loss) for the period before taxes9903 | -€2,514 | -€2,015 | ▲ 19.9% |
| Profit (loss) for the period9904 | -€2,514 | -€2,015 | ▲ 19.9% |
| Profit (loss) for the period to be appropriated9905 | -€2,514 | -€2,015 | ▲ 19.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €84,032 | €75,595 | ▼ 10.0% |
| Formation expenses20 | €2,969 | €1,195 | ▼ 59.7% |
| Fixed assets21/28 | €77,874 | €69,874 | ▼ 10.3% |
| Tangible fixed assets22/27 | €77,874 | €69,874 | ▼ 10.3% |
| Plant, machinery and equipment23 | €77,874 | €69,874 | ▼ 10.3% |
| Current assets29/58 | €3,189 | €4,526 | ▲ 41.9% |
| Stocks and contracts in progress3 | €499 | €218 | ▼ 56.3% |
| Stocks30/36 | €499 | €218 | ▼ 56.3% |
| Cash at bank and in hand54/58 | €1,903 | €4,308 | ▲ 126% |
| Deferred charges and accrued income490/1 | €787 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €84,032 | €75,595 | ▼ 10.0% |
| Equity10/15 | €486 | -€1,529 | - |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€2,514 | -€4,529 | ▼ 80.1% |
| Amounts payable17/49 | €83,546 | €77,124 | ▼ 7.7% |
| Amounts payable after more than one year17 | €47,946 | €56,372 | ▲ 17.6% |
| Financial debts170/4 | €47,946 | €56,372 | ▲ 17.6% |
| Amounts payable within one year42/48 | €35,534 | €20,685 | ▼ 41.8% |
| Current portion of amounts payable after more than one year42 | €11,144 | €11,574 | ▲ 3.9% |
| Trade debts44 | €948 | €4,629 | ▲ 388% |
| Suppliers440/4 | €948 | €4,629 | ▲ 388% |
| Taxes, remuneration and social security45 | €166 | €1,205 | ▲ 624% |
| Taxes450/3 | €166 | €1,205 | ▲ 624% |
| Other amounts payable47/48 | €23,276 | €3,276 | ▼ 85.9% |
| Accrued charges and deferred income492/3 | €66 | €67 | ▲ 2.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2,514 | -€2,015 | ▲ 19.9% |
| + Depreciation and write-downs630 | €2,704 | €9,774 | ▲ 261% |
| Operating cash flow (approximation) | €190 | €7,759 | ▲ 41× |
| Investment in fixed assets (approximation) | - | -€1,774 | - |
| Change in cash | - | €2,405 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,555 companies had the same profile as KD PROJECTS has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
91.6%
was still going
3.6%
stopped otherwise
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KD PROJECTS itself: 2.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,555 companies, not a prediction for KD PROJECTS. 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.
Board & ownership
Directors
Directors
1 director, since incorporation
KENENS Koen Simon Isidore Erik Marie
Current
Director · appointed in the act of 06-09-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 27-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 06-09-2024Owners and capital
Shareholders
At incorporation
act of 06-09-2024 ↗
- KENENS Koen Simon Isidore Erik Marie 50 shares (50%) · €1,500 in cash
- VANVOORDEN Dasha 50 shares (50%) · €1,500 in cash
Capital transactions
Capital over time
- 06-09-2024 Incorporation · €3,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Algemene vergadering beslist of het mandaat van de bestuurder al dan niet ten kosteloze titel wordt uitgeoefend”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Aangetekende brief, indien de vennootschap maar één aandeelhouder meer telt, kan deze het geheel of een deel van de aandelen vrij overdragen”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 06-09-2024 (in Dutch)
Network & group
KD PROJECTS shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of KD PROJECTS. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
27-07
micro format · 4 days before the deadline
2025
04-07
micro format · 27 days before the deadline
2024
06-09
Gazette deed
IncorporationFounding capital of €3,000, 100 shares · Founders: KENENS Koen Simon Isidore Erik Marie and VANVOORDEN Dasha · Appointment: KENENS Koen Simon Isidore Erik Marie (director)7 points ▸
Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founders: KENENS Koen Simon Isidore Erik Marie and VANVOORDEN Dasha · Appointment: KENENS Koen Simon Isidore Erik Marie (director)7 points ▸
- Incorporation, 03-09-2024
- Founder, KENENS Koen Simon Isidore Erik Marie
- Founder, VANVOORDEN Dasha
- Founding capital, €3,000, 100 shares
- Registered office clause, Genkersteenweg 485, 3500 Hasselt
- Board rule, 1
- Director appointment, KENENS Koen Simon Isidore Erik Marie
- The act holds 2 more points.
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
KD PROJECTS was incorporated on 4 September 2024 as a private limited company by two natural persons, with a starting capital of €3,000.12 KENENS Koen Simon Isidore Erik Marie is director of the company, appointed in the act of 06-09-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordName
KD PROJECTS in Dutch
Enterprise number
1013.157.278
Legal form
Private limited company
Status
Active, normale toestand
Founded
04-09-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 06-09-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 06-09-2024 (in Dutch)Registered office and establishments
Registered office
Genkersteenweg 485, 3500 Hasselt, Belgium
Establishment unit
KD PROJECTS, Dorpsstraat 4, 3590 Diepenbeek since 04-09-2024 · unit number 2.364.177.337
Activities
NACEBEL 202596102
Launderettes and laundries for private customers main activity
96101
Personal service activities
Codes under NACEBEL 2008
96012
Personal service activities main activity
96011
Personal service activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 06-09-2024 (in Dutch)
“A. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende…”
19 activities
- A. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerend goederen, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende goederen te bevorderen; alsmede zich borg stellen voor het goede verloop van verbintenissen, door derde personen aangegaan, die het genot zouden hebben van voormelde roerende en onroerende goederen.
- B. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerende vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop, het beheren van aandelen, aandelenopties, obligaties, kasbons, afgeleide producten of andere roerende waarden, van welke vorm ook, uitgeven door Belgische of buitenlandse emittenten.
- A. Activiteiten van wasserettes en wassalons ten behoeve van particulieren.
- B. De diensten die door wasserettes en automatische wassalons verleend worden.
- C. De behandeling (ophalen, wassen, strijken, thuisbezorgen, enz.) op niet-industriële schaal van wasgoed en de reiniging van kleding, overwegend ten behoeve van particulieren.
- D. De activiteiten van depothouders die zelf geen activiteiten op het gebied van wassen en reinigen uitoefenen, maar het wasgoed laten behandelen en de reiniging van kleding laten uitvoeren door overwegend industriële wasserijen.
- E. Tuinonderhoud en boomverzorging; beplantingswerkzaamheden; snoeien van bomen en heggen; aanleg en onderhouden van tuinen, parken en het groene gedeelte van sportvelden.
- F. Klinkerwerken; bouw van autowegen, straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails).
- G. Grondwerken; grondverzet; graven, ophogen, egaliseren en nivelleren van bouwterreinen; graven van sleuven en geulen; verwijderen van rotsen; grondverzet met behulp van explosieven.
- H. Verlaging van het grondwaterpeil en drainage van bouwterreinen; ruimen van bouwterreinen.
- I. Ontwerpen van tuinen en parken enzoverder.
- J. Tuinomheiningen plaatsen van hout, kunststof, metaal of betonplaten.
- K. Installatie van garagepoorten, luiken, zonneblinden, traliewerken, hekken, enzoverder, in hout, kunststof of metaal.
- L. Aanleg van terrassen, tuinpaden.
- M. Overige gespecialiseerde bouwwerkzaamheden.
- N. Het verwerven en aanhouden van participaties, in eender welke vorm, in alle bestaande of op te richten, industriële, commerciële, financiële, landbouw- of immobiliënvennootschappen of - ondernemingen; het stimuleren, de planning en de coördinatie van de ontwikkeling van de vennootschappen en ondernemingen, waarin ze een participatie aanhoudt; het deelnemen aan hun beheer, bestuur, vereffening en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- O. Het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen, deelbewijzen, obligaties, warrants, certificaten, schuldvorderingen, gelden en andere roerende waarden, uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van handelsvennootschappen, administratiekantoren, instellingen en verenigingen al dan niet met een (semi)-publiekrechtelijk statuut;
- P. Het beheren van beleggingen en van participaties in dochtervennootschappen, het waarnemen van bestuurdersfuncties, het verlenen van advies, management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert. Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Q. Het verstrekken van leningen en voorschotten onder eender welke vorm of duur, aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit, alsmede het waarborgen van alle verbintenissen van dezelfde ondernemingen.
Invoicing and payment
VAT number
BE 1013.157.278
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Monday of June at 10:00
deed of 06-09-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the addresses
Ground area
4,015 m²
Building footprint
310 m²
Building volume
584 m³
Tallest building: 12.7 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71322B0545/00T002 | Flanders | 3,956 m² | 1 · 251 m² | 4.4 m |
| 71402D0002/00F000 | Flanders | 59 m² | 1 · 59 m² | 12.7 m · 3 |