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KDB Belgium

Active
Private limited companyfounded 20241 year activeKoning Albert II-laan 4, 1000 Brussel, BelgiumKBO/BCE: BE 1018.042.318
Summary

The computed 12-month bankruptcy probability of KDB Belgium is 5.9% (elevated). The 2025 annual accounts show equity of €3.9m and a net result of €457,417. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Other specialised construction activities
NACE 43990Other construction installation NACE 43240
6 sites
Size
€12.1mturnover 2025
Staff
32.8 FTE
Equity
€3.9m
Profit
€457,417
Financial health
37 Weak Checked score 2025
Bankruptcy probability, 12 months
5.9%
Structure
Parent
KONE CORPORATION OYJ
Board
2 members
Auditor: Carlo-Sébastien D'AddarioAccounts 29 days early10 of 13 deeds read
Why 37- 3 changes of registered office in 24 months- Founded in 2024- Liquidity: current ratio 1.96+ Size: turnover €12.1m, 32.8 FTE, total assets €9.9mShow the evidence

Checked score

Score 2025
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 47% of its sector peers (NACE 43, small)
Financial strength
Average
Solvency 64
equity 39.1% of total assets
Liquidity 49
short-term debt 50.8%
Profitability 62
return on assets 4.6%
Bankruptcy probability, 12 months
5.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,636 companies)
Last 24 months 01-2026: 2.4%lowest value 02-2026: 2.4%● unchanged vs 01-2026lowest value 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.9%▲ +0.5 percentage points vs 03-2026 05-2026: 10.9%▲ +8.0 percentage points vs 04-2026 06-2026: 11.4%▲ +0.5 percentage points vs 05-2026highest value 07-2026: 11.4%● unchanged vs 06-2026highest value 08-2026: 6.0%▼ -5.4 percentage points vs 07-2026 09-2026: 6.0%● unchanged vs 08-2026 10-2026: 5.9%▼ -0.1 percentage points vs 09-2026
Credit up to €140,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.96; short-term debt: 50.8% of total assets), but 60.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, small): better than 52% on solvency, 57% on liquidity and 31% on profitability.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · 3 changes of registered office in 24 months
Belgian State Gazette
raises risk · Founded in 2024
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.96
NBB · annual accounts
lowers risk · Size: turnover €12.1m, 32.8 FTE, total assets €9.9m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
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 02-07-2026, 29 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
29 days early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: Pascal Grassin (director)Appointment: Jérôme Audais (director) ·…
  2. Capital & sharesShareholding
  3. Annual accounts filedfiscal year 2025 · unclassified…

Key points

  • Caution: Board changedlatest change 21-09-2026 · 2 in office 2 joined · 3 left View
  • Controlled by KONE CORPORATION OYJ parent View
  • Turnover 2025first fiscal year filed €12.1m View

By topic

Financials

Fiscal year
2025
Turnover
€12.1m
Profit
€457,417
Solvency
39.1%
Go to Financials

Board & ownership

Board
2 members
Parent
KONE CORPORATION OYJ
Auditor
Carlo-Sébastien D'Addario
Go to Board & ownership

Timeline

Events
8
Since
2026
  1. 26-06-2026Resignation: Hugues Hauters (bestuurder)
  2. 27-04-2026Appointment: Carlo-Sébastien D'Addario (statutory auditor)
  3. 13-04-2026Registered office
Go to Timeline

Company details

Sites
6
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
30-12-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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