Financials
- Fiscal year
- 2025
- Turnover
- €12.1m
- Profit
- €457,417
- Solvency
- 39.1%
KDB Belgium
ActiveSummary
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
Structure
- Parent
- KONE CORPORATION OYJ
- Board
- 2 members
Auditor: Carlo-Sébastien D'AddarioAccounts 29 d 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%
Better than 47% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
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).
Last 24 months
01-2026: 2.4%lowest value
02-2026: 2.4%● 0.0% vs 01-2026lowest value
03-2026: 2.4%▲ +2.6% vs 02-2026
04-2026: 2.9%▲ +18.8% vs 03-2026
05-2026: 10.9%▲ +276% vs 04-2026
06-2026: 11.4%▲ +4.4% vs 05-2026highest value
07-2026: 11.4%● 0.0% vs 06-2026highest value
08-2026: 6.0%▼ -46.9% vs 07-2026
09-2026: 6.0%● 0.0% vs 08-2026
10-2026: 5.9%▼ -2.7% vs 09-2026
- 3 changes of registered office in 24 months raises the probability
- Founded in 2024 raises the probability for this profile
- Liquidity: current ratio 1.96 raises the probability
- Size: turnover €12.1m, 32.8 FTE, total assets €9.9m lowers the probability for this profile
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 comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 52%, liquidity 57%, profitability 31%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 filingDeviation from the deadline
2025
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
- Resignation: Pascal Grassin (director)Appointment: Jérôme Audais (director) ·…
- Capital & sharesShareholding
- Annual accounts filedfiscal year 2025 · unclassified…
Key points
By topic
Board & ownership
- Board
- 2 members
- Parent
- KONE CORPORATION OYJ
- Auditor
- Carlo-Sébastien D'Addario
Go to Board & ownership
Network & group
- Connected companies
- 2
Timeline
- Events
- 8
- Since
- 2026
- 21-09-2026Resignation: Pascal Grassin (director)
- 22-07-2026Capital & shares
- 02-07-2026Annual accounts filed
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
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