KDB EXPLOITATIONS (0447.403.491): annual accounts and directors

KDB EXPLOITATIONS

Antwerp ·KBO/BCE: BE 0447.403.491

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%

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%

Company	Total assets	Gross margin	Solvency	Staff
KDB EXPLOITATIONS Antwerp	€415,806	€333,198	-163.8%	9.5
GROENHUIS Heist-op-den-Berg	€393,431	€568,294	36.1%	12.7
TRAITEUR DU PARC Schaerbeek	€543,569	€392,363	63.5%	10.8
KOPP Uccle	€484,000	€469,559	9.9%	10.9
ESSTRAGON Zaventem	€422,560	€443,529	14.5%	8.4
QUALITY AND TRADITION Waterloo	€491,072	€534,846	-47.0%	11.3
TRAIVRAY Charleroi	€641,270	€497,179	-20.5%	9.6

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	415,806	446,976	385,995	500,213	523,564	535,542	754,505	662,890	843,258	594,265	555,958	552,700	496,888	512,810	496,886	462,840	448,544	445,360	464,713	488,139
Fixed assets`21/28`	368,952	416,263	292,818	385,649	454,261	509,675	559,773	579,700	468,098	435,071	391,796	409,379	369,542	363,115	357,496	336,775	328,750	338,139	343,392	358,756
Intangible fixed assets`21`	198,175	226,486	254,797	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	60,777	79,777	38,021	75,545	144,157	199,571	249,669	269,596	158,113	125,086	81,811	99,394	59,557	53,130	47,511	26,790	18,765	28,074	33,327	48,691
Land and buildings`22`	-	953	1,906	4,825	7,744	10,663	13,582	16,501	19,420	22,339	15,730	17,696	-	-	524	1,048	1,572	2,096	2,620	3,144
Plant, machinery and equipment`23`	22,634	29,065	17,785	28,235	45,797	67,631	75,944	82,189	80,870	63,285	27,317	30,600	37,827	21,725	16,436	12,435	11,367	16,538	15,018	19,207
Furniture and vehicles`24`	4,164	6,067	4,022	11,421	18,087	26,687	36,436	39,023	40,314	39,462	38,764	51,098	21,730	31,405	30,551	13,307	5,826	9,440	15,689	26,341
Other tangible fixed assets`26`	33,979	43,692	14,308	31,064	72,529	94,590	123,707	131,883	17,509	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	110,000	110,000	-	310,104	310,104	310,104	310,104	310,104	309,985	309,985	309,985	309,985	309,985	309,985	309,985	309,985	309,985	310,065	310,065	310,065
Current assets`29/58`	46,854	30,713	93,177	114,564	69,303	25,867	194,732	83,190	375,160	159,194	164,162	143,321	127,346	149,695	139,390	126,065	119,794	107,221	121,320	129,383
Stocks and contracts in progress`3`	21,702	17,603	-	3,673	3,673	2,374	4,856	6,466	11,432	13,688	14,465	22,379	27,162	23,556	21,838	18,151	24,037	28,480	18,414	19,195
Stocks`30/36`	21,702	17,603	-	3,673	3,673	2,374	4,856	6,466	11,432	13,688	14,465	22,379	27,162	23,556	21,838	18,151	24,037	28,480	18,414	19,195
Amounts receivable within one year`40/41`	9,899	5,528	91,500	99,287	52,958	20,389	184,829	74,619	306,971	106,587	137,795	101,150	65,791	70,946	87,484	59,288	78,858	56,391	92,615	86,246
Trade receivables`40`	9,899	5,528	51,463	44,788	52,680	17,204	183,016	69,246	266,080	64,976	50,550	85,283	60,625	60,313	72,905	44,887	52,525	39,407	57,060	44,760
Other amounts receivable`41`	-	-	40,037	54,499	278	3,185	1,813	5,373	40,891	41,611	87,245	15,867	5,166	10,633	14,579	14,401	26,333	16,985	35,555	41,486
Cash at bank and in hand`54/58`	15,253	7,582	961	11,604	11,422	3,104	3,576	2,035	21,361	8,919	11,902	19,518	34,393	55,193	30,068	48,626	16,899	22,350	10,291	23,942
Deferred charges and accrued income`490/1`	-	-	716	-	1,250	-	1,471	70	35,396	30,000	-	274	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	415,806	446,976	385,995	500,213	523,564	535,542	754,505	662,890	843,258	594,265	555,958	552,700	496,888	512,810	496,886	462,840	448,544	445,360	464,713	488,139
Equity`10/15`	-681,201	-591,505	-161,837	-198,024	-166,536	-130,160	2,235	88,512	429,744	426,383	424,977	423,881	411,979	400,477	367,301	353,026	339,497	304,967	280,446	246,898
Contributions`10/11`	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000
Capital`10`	80,000	80,000	80,000	80,000	80,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000
Reserves`13`	537,167	565,478	593,789	338,992	338,992	338,992	338,992	338,992	338,992	338,992	338,992	338,992	327,624	317,424	277,424	272,424	17,296	17,296	17,296	17,296
Non-distributable reserves`130/1`	8,057	8,057	8,057	8,057	8,057	8,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057	8,057
Tax-exempt reserves`132`	209,110	237,421	265,732	10,935	10,935	10,935	10,935	10,935	10,935	10,935	10,935	10,935	9,567	9,367	9,367	9,367	9,239	9,239	9,239	9,239
Distributable reserves`133`	320,000	320,000	320,000	320,000	320,000	320,000	320,000	320,000	320,000	320,000	320,000	320,000	310,000	300,000	260,000	255,000	-	-	-	-
Profit (loss) carried forward`14`	-1.3m	-1.2m	-835,626	-617,016	-585,528	-549,152	-416,757	-330,480	10,752	7,391	5,985	4,889	4,355	3,053	9,877	602	242,202	207,672	183,150	149,602
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	10,487	-	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	10,487	-	-	-	-	-	-	-
Amounts payable`17/49`	1.1m	1.0m	547,832	698,237	690,100	665,702	752,270	574,378	413,514	167,882	130,981	128,819	74,422	112,333	129,585	109,814	109,047	140,393	184,267	241,241
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	3,512	7,629	11,644	15,557	-	4,167	14,167	24,167	34,167	44,167	54,167	64,167
Financial debts`170/4`	-	-	-	-	-	-	-	-	3,512	7,629	11,644	15,557	-	4,167	14,167	24,167	34,167	44,167	54,167	64,167
Amounts payable within one year`42/48`	1.1m	1.0m	547,832	698,237	690,100	665,702	752,270	564,378	406,402	160,253	119,337	111,752	74,422	108,166	113,018	84,447	74,880	96,226	130,100	176,477
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	3,512	7,436	4,015	3,913	3,816	4,167	10,000	10,000	10,000	10,000	10,000	10,000	10,000
Financial debts`43`	-	-	-	-	-	-	20,525	-	-	-	19,989	-	-	-	-	-	-	-	-	8,249
Credit institutions`430/8`	-	-	-	-	-	-	20,525	-	-	-	-	-	-	-	-	-	-	-	-	8,249
Other loans`439`	-	-	-	-	-	-	-	-	-	-	19,989	-	-	-	-	-	-	-	-	-
Trade debts`44`	135,968	176,922	328,841	68,139	47,704	16,375	110,840	59,217	81,937	68,990	55,186	72,684	57,335	63,156	61,896	32,510	41,808	50,111	79,337	101,534
Suppliers`440/4`	135,968	176,922	328,841	68,139	47,704	16,375	110,840	59,217	81,937	68,990	55,186	72,684	57,335	63,156	61,896	32,510	41,808	50,111	79,337	101,534
Advances received on contracts in progress`46`	3,171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	45,982	46,698	20,323	7,552	8,411	16,892	21,905	9,261	16,051	41,833	22,120	27,689	12,720	25,010	31,122	23,634	23,072	26,116	20,764	23,350
Taxes`450/3`	14,555	16,515	12,442	-	-	-	4,544	-	1,075	-	1,523	5,223	20	1,499	6,154	1,523	821	5,477	8,581	125
Remuneration and social security`454/9`	31,427	30,183	7,881	7,552	8,411	16,892	17,361	9,261	14,976	41,833	20,597	22,466	12,700	23,511	24,968	22,111	22,251	20,638	12,182	23,225
Other amounts payable`47/48`	911,886	814,861	198,668	622,546	633,985	632,435	599,000	492,388	300,978	45,415	18,129	7,563	200	10,000	10,000	18,303	-	10,000	20,000	33,344
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	10,000	3,600	-	-	1,510	-	-	2,400	1,200	-	-	-	598
Income statement
Non-recurring operating income`76A`	-	2,800	-	-	-	-	-	-	-	18,462	-	-	-	-	-	-	-	-	13,884	-
Gross operating margin`9900`	333,198	-76,329	168,400	113,105	97,470	39,816	264,464	-88,586	269,118	336,569	340,826	275,270	249,216	280,889	297,059	262,314	208,405	233,127	258,619	208,701
Remuneration, social security and pensions`62`	360,310	285,475	39,505	73,126	58,212	92,748	222,213	161,481	221,356	309,380	285,981	240,044	198,846	248,034	244,097	213,110	186,538	189,379	173,992	171,046
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	50,108	62,188	66,726	68,612	73,519	70,657	65,478	55,672	25,727	21,329	25,829	28,411	21,359	21,822	18,657	11,798	14,068	18,310	18,226	22,709
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-13,065	-	-	-	-	-	-	477	8,500	-	2,497	-	486	715	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-10,487	10,487	-	-	-	-	-	-	-
Other operating charges`640/8`	29,139	4,842	21,677	3,091	1,453	8,096	48,171	15,566	2,849	3,068	1,450	1,082	1,999	1,927	3,245	1,368	1,252	1,103	4,310	1,044
Non-recurring operating charges`66A`	797	522	-	1,487	-	-	14,414	17,625	-	-	22,000	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-94,091	-429,356	40,492	-33,211	-35,714	-131,685	-85,812	-339,407	10,686	2,792	25,069	16,220	16,039	8,391	31,060	36,038	6,547	24,335	62,091	13,902
Financial income`75/76B`	4,403	80	1,051	2,048	-	-	993	-	17	523	174	340	1,179	39,290	128	634	33,381	20,014	16	1,569
Recurring financial income`75`	4,403	80	1,051	2,048	-	-	993	-	17	523	174	340	1,179	39,290	128	634	33,381	20,014	16	1,569
Financial charges`65/66B`	8	392	5,356	325	662	710	1,264	1,825	5,729	1,697	2,222	940	973	1,492	2,463	2,794	4,272	3,869	8,759	5,331
Recurring financial charges`65`	8	392	5,356	325	662	710	1,264	1,825	5,729	1,697	2,222	940	973	1,492	2,463	2,794	4,272	3,869	8,759	5,331
Profit (loss) for the period before taxes`9903`	-89,696	-429,668	36,187	-31,488	-36,376	-132,395	-86,083	-341,232	4,974	1,618	1,021	15,620	16,245	46,189	28,725	33,878	35,656	40,480	67,232	10,140
Income taxes`67/77`	-	-	-	-	-	-	194	-	1,613	212	-75	3,718	4,743	3,013	4,450	10,350	1,126	5,958	23,684	3,368
Profit (loss) for the period`9904`	-89,696	-429,668	36,187	-31,488	-36,376	-132,395	-86,277	-341,232	3,361	1,406	1,096	11,902	11,502	43,176	24,275	23,528	34,530	34,522	43,548	6,772
Transfer from tax-exempt reserves`789`	28,311	28,311	28,311	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	283,108	-	-	-	-	-	-	-	-	1,368	200	-	-	128	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-61,385	-401,357	-218,610	-31,488	-36,376	-132,395	-86,277	-341,232	3,361	1,406	1,096	10,534	11,302	43,176	24,275	23,400	34,530	34,522	43,548	6,772
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.3m	-1.2m	-835,626	-617,016	-585,528	-549,152	-416,757	-330,480	10,752	7,391	5,985	14,889	14,355	53,053	24,877	25,602	242,202	217,672	193,150	159,602
Profit (loss) brought forward from the previous period`14P`	-1.2m	-835,626	-617,016	-585,528	-549,152	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	10,000	10,000	40,000	5,000	15,000	-	-	-	-
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	10,000	10,000	40,000	5,000	15,000	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	10,000	10,000	-	10,000	10,000	10,000
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	10,000	10,000	-	10,000	10,000	10,000
Social balance sheet
Average staff (FTE)`9087`	9.5	5	1	1.8	2.2	3.3	4.3	3.1	4.5	6.8	6.1	4.8	5.8	5.4	5.3	4.5	4.6	4.6	4	3.6
Hours worked`1013`	126,266	10,006	662	2,477	1,988	2,140	8,652	5,342	7,607	10,890	10,150	7,748	5,904	8,159	8,585	7,176	7,430	7,775	6,497	6,304
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	24-07-2026	2026-00329224	PDF
31-12-2024	abbreviated format	26-08-2025	2025-00407350	PDF
31-12-2023	abbreviated format	29-08-2024	2024-00418559	PDF
31-12-2022	abbreviated format	13-08-2023	2023-00330679	PDF
31-12-2021	abbreviated format	08-08-2022	2022-20276697	PDF
31-12-2020	abbreviated format	29-06-2021	2021-27500309	PDF
31-12-2019	abbreviated format	28-08-2020	2020-47400505	PDF
31-12-2018	abbreviated format	09-08-2019	2019-45300331	PDF
31-12-2017	abbreviated format	30-08-2018	2018-54400416	PDF
31-12-2016	abbreviated format	06-07-2017	2017-28500056	PDF
31-12-2015	abbreviated format	12-07-2016	2016-30900330	PDF
31-12-2014	abbreviated format	08-06-2015	2015-15700033	PDF
31-12-2013	abbreviated format	06-06-2014	2014-16100295	PDF
31-12-2012	abbreviated format	06-06-2013	2013-15700442	PDF
31-12-2011	abbreviated format	03-07-2012	2012-25800214	PDF
31-12-2010	abbreviated format	16-06-2011	2011-17600034	PDF
31-12-2009	abbreviated format	18-06-2010	2010-18900429	PDF
31-12-2008	abbreviated format	04-06-2009	2009-19200101	PDF
31-12-2007	abbreviated format	27-06-2008	2008-34000088	PDF
31-12-2006	abbreviated format	20-07-2007	2007-44100124	PDF
31-12-2005	abbreviated format	30-06-2006	2006-37300572	PDF
31-12-2004	abbreviated format	01-07-2005	2005-39701900	PDF
31-12-2003	abbreviated format	01-07-2004	2004-37503377	PDF
31-12-2001	abbreviated format	10-06-2002	2002-18704823	PDF
31-12-2000	abbreviated format	20-06-2001	2001-24001214	PDF
31-12-1999	abbreviated format	20-07-2000	2000-44500496	PDF
31-12-1998	abbreviated format	20-09-1999	1999-47304501	PDF
31-12-1997	abbreviated format	17-11-1998	1998-57604579	PDF
31-12-1996	abbreviated format	29-08-1997	1997-40402934	PDF
31-12-1995	abbreviated format	04-09-1996	1996-42501618	PDF
31-12-1994	abbreviated format	05-09-1995	1995-47902828	PDF
31-12-1993	abbreviated format	02-09-1994	1994-38103769	PDF
31-12-1992	abbreviated format	08-07-1993	1993-24600444	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-43,983	-367,168	107,218	35,401	37,805	-61,028	-20,334	-283,735	36,413	24,121	50,898	44,631	37,398	30,213	49,717	47,836	20,615	42,645	80,317	36,611
Cash flow	-39,588	-367,480	102,913	37,124	37,143	-61,738	-20,799	-285,560	29,088	22,735	26,925	40,313	32,861	64,998	42,932	35,326	48,598	52,832	61,774	29,481
Investment in fixed assets (approximation)	2,797	185,633	283,108	0	18,105	20,559	47,042	167,274	58,754	64,604	8,246	68,248	27,786	27,441	39,378	19,823	4,758	13,057	2,862	14,155
Change in cash	7,671	6,621	-10,643	182	8,318	-472	1,541	-19,326	12,442	-2,983	-7,616	-14,875	-20,800	25,125	-18,558	31,727	-5,451	12,059	-13,651	-
Working capital	-1.1m	-1.0m	-454,655	-583,673	-620,797	-639,835	-557,538	-481,188	-31,242	-1,059	44,825	31,569	52,924	41,529	26,372	41,618	44,914	10,995	-8,780	-47,094
Solvency	-163.8%	-132.3%	-41.9%	-39.6%	-31.8%	-24.3%	0.3%	13.4%	51.0%	71.7%	76.4%	76.7%	82.9%	78.1%	73.9%	76.3%	75.7%	68.5%	60.3%	50.6%
Current ratio	0.04	0.03	0.17	0.16	0.10	0.04	0.26	0.15	0.92	0.99	1.38	1.28	1.71	1.38	1.23	1.49	1.60	1.11	0.93	0.73
Quick ratio	0.02	0.01	0.17	0.16	0.10	0.04	0.25	0.14	0.89	0.91	1.25	1.08	1.35	1.17	1.04	1.28	1.28	0.82	0.79	0.62
Debt to equity	-	-	-	-	-	-	-	6.49	0.96	0.39	0.31	0.30	0.18	0.28	0.35	0.31	0.32	0.46	0.66	0.98
ROE	-	-	-	-	-	-	-	-385.5%	0.8%	0.3%	0.3%	2.8%	2.8%	10.8%	6.6%	6.7%	10.2%	11.3%	15.5%	2.7%
ROA	-21.6%	-96.1%	9.4%	-6.3%	-6.9%	-24.7%	-11.4%	-51.5%	0.4%	0.2%	0.2%	2.2%	2.3%	8.4%	4.9%	5.1%	7.7%	7.8%	9.4%	1.4%
Interest coverage	-5497.88	-936.65	20.02	over 100	57.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	7	10	1	2	2
full-time	7	4	1	1	2
part-time	-	6	-	1	-
in full-time equivalents	7	6.3	1	1.1	2
Average over the year, in full-time equivalents	9.4	5	1	1.8	2.2
On a permanent contract	4	4	1	1	2
Joined	368	57	4	33	11
Left	367	48	5	33	12

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2,797	€75,633	-	-	€18,105
Intangible fixed assets	-	-	€283,108	-	-
Financial fixed assets	-	€110,000	-	-	-
Depreciation and write-downs of the year	€50,108	€62,188	€66,726	€68,612	€73,519

Establishment	Since	Unit number	FASFC approval
Namenstraat 13-15 registered office 2000 Antwerp
Beukenlaan 12 2020 Antwerp	08-07-1992	2.058.164.212	Restaurant

Cadastral parcel	Area	Buildings	Height / floors
11812M0125/00A000	1.0 ha	-	-
11811L3935/00P000	1,519 m²	1 · 581 m²	13.2 m · 2

Overview

Lifetime

Key points

Equity

Losses

Debts

Staff

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on KDB EXPLOITATIONS

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-163.8%

Current ratio0.04

Return on assets-21.6%

Staff

Staff cost per FTE€37,927

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on KDB EXPLOITATIONS

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Shareholders

Owners 2

Capital transactions

The directors' other companies

Network & group

Group

Belgium 16 Equity Result

Holdings and subsidiaries

Holdings 0

Acquisitions and mergers

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the addresses

Location

Parcels

Recognitions

Food safety, FASFC