KDC PROJECTS
ActiveSummary
KDC PROJECTS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,163 and a net result of €51,663. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 548 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+7
Solvency40▼-18
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.47 in 2024; short-term debt: 83.4% and cash: 46.2% of total assets), and 84.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.3%
Return on assets
13.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 548 sector peers (2025).
NBB · sector comparisonPosition among 548 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
2 d early
2022
on the day
2021
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€58,163▼ 52.8%
2024 · €123,137
Total assets
€379,329▲ 2.3%
2024 · €370,751
Net result
€51,663▲ 63.4%
2024 · €31,620
Working capital
€35,406▼ 66.8%
2024 · €106,679
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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
Line20212022202320242025
Operating result€56,657-€99,730▲ 76.0%€66,255▼ 33.6%€51,899▼ 21.7%€69,188▲ 33.3%
Net result€44,256above the sector's middle half-€79,176above the sector's middle half▲ 78.9%€51,585above the sector's middle half▼ 34.8%€31,620above the sector's middle half▼ 38.7%€51,663above the sector's middle half▲ 63.4%
Equity€50,756within the sector's middle half-€129,933within the sector's middle half▲ 156%€181,518above the sector's middle half▲ 39.7%€123,137within the sector's middle half▼ 32.2%€58,163within the sector's middle half▼ 52.8%
Total assets€121,984within the sector's middle half-€207,242within the sector's middle half▲ 69.9%€254,061within the sector's middle half▲ 22.6%€370,751above the sector's middle half▲ 45.9%€379,329within the sector's middle half▲ 2.3%
Debt€71,228-€77,310▲ 8.5%€72,544▼ 6.2%€247,614▲ 241%€321,165▲ 29.7%
Working capital€27,974within the sector's middle half-€101,009above the sector's middle half▲ 261%€152,567above the sector's middle half▲ 51.0%€106,679above the sector's middle half▼ 30.1%€35,406within the sector's middle half▼ 66.8%
Solvency41.6%within the sector's middle half-62.7%within the sector's middle half▲ 21.1pp71.4%above the sector's middle half▲ 8.8pp33.2%within the sector's middle half▼ 38.2pp15.3%below the sector's middle half▼ 17.9pp
Current ratio1.46within the sector's middle half-2.81within the sector's middle half▲ 1.353.61above the sector's middle half▲ 0.801.47within the sector's middle half▼ 2.141.11within the sector's middle half▼ 0.36
Return on assets (ROA)36.3%above the sector's middle half-38.2%above the sector's middle half▲ 1.9pp20.3%above the sector's middle half▼ 17.9pp8.5%within the sector's middle half▼ 11.8pp13.6%above the sector's middle half▲ 5.1pp
Staff (FTE)1.8-3.4▲ 88.9%4.7▲ 38.2%3.8▼ 19.1%2.6▼ 31.6%
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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 recovers in 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €379,329
Fixed assets
€27,564 ▼ 26.2%
Current assets
€351,765 ▲ 5.5%
Equity and liabilities €379,329
Equity
€58,163 ▼ 52.8%
Debt
€321,165 ▲ 29.7%
Debt's share of the balance-sheet total rises from 66.8% to 84.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€85,402▲
2024 · €69,808
Cash flow
€67,878▲
2024 · €49,528
Quick ratio
1.06▼
2024 · 1.31
Debt to equity
5.52▲
2024 · 2.01
ROE
88.8%▲
2024 · 25.7%
Interest coverage
26.88▲
2024 · 23.28
Debt ≤ 1 year
€316,359▲
2024 · €226,724
Debt > 1 year
€4,807▼
2024 · €20,890
Income taxes
€19,564▲
2024 · €17,487
Staff costs
€94,173▼
2024 · €168,245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,500 | - | - |
| Remuneration, social security and pensions62 | - | €123,267 | €198,842 | €168,245 | €94,173 | ▼ 44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,222 | €16,218 | €19,579 | €17,909 | €16,214 | ▼ 9.5% |
| Other operating charges640/8 | - | €1,237 | €1,554 | €8,457 | €1,465 | ▼ 82.7% |
| Non-recurring operating charges66A | - | - | - | - | €1,513 | - |
| Gross operating margin9900 | €196,400 | €240,452 | €286,230 | €246,509 | €182,553 | ▼ 25.9% |
| Operating profit (loss)9901 | €56,657 | €99,730 | €66,255 | €51,899 | €69,188 | ▲ 33.3% |
| Financial income75/76B | - | €452 | €798 | €207 | €5,217 | ▲ 2,422% |
| Recurring financial income75 | €76 | €452 | €798 | €207 | €5,217 | ▲ 2,422% |
| Financial charges65/66B | - | €2,430 | €1,923 | €2,999 | €3,177 | ▲ 5.9% |
| Recurring financial charges65 | €1,037 | €2,430 | €1,923 | €2,999 | €3,177 | ▲ 5.9% |
| Profit (loss) for the period before taxes9903 | €55,696 | €97,752 | €65,130 | €49,107 | €71,228 | ▲ 45.0% |
| Income taxes67/77 | €11,440 | €18,576 | €13,545 | €17,487 | €19,564 | ▲ 11.9% |
| Profit (loss) for the period9904 | €44,256 | €79,176 | €51,585 | €31,620 | €51,663 | ▲ 63.4% |
| Profit (loss) for the period to be appropriated9905 | €44,256 | €79,176 | €51,585 | €31,620 | €51,663 | ▲ 63.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,984 | €207,242 | €254,061 | €370,751 | €379,329 | ▲ 2.3% |
| Fixed assets21/28 | €32,909 | €50,292 | €42,957 | €37,348 | €27,564 | ▼ 26.2% |
| Intangible fixed assets21 | €2,111 | €778 | - | - | - | - |
| Tangible fixed assets22/27 | €30,797 | €49,514 | €42,957 | €37,348 | €27,564 | ▼ 26.2% |
| Land and buildings22 | - | €1,425 | €1,350 | €1,275 | €1,200 | ▼ 5.9% |
| Plant, machinery and equipment23 | - | €7,683 | €6,455 | €10,618 | €6,530 | ▼ 38.5% |
| Furniture and vehicles24 | - | €15,779 | €16,115 | €12,009 | €11,978 | ▼ 0.3% |
| Leasing and similar rights25 | - | €24,627 | €19,037 | €13,447 | €7,857 | ▼ 41.6% |
| Current assets29/58 | €89,076 | €156,951 | €211,104 | €333,403 | €351,765 | ▲ 5.5% |
| Stocks and contracts in progress3 | - | €7,000 | €18,500 | €35,832 | €17,290 | ▼ 51.7% |
| Stocks30/36 | - | €3,000 | €14,000 | €14,000 | €17,290 | ▲ 23.5% |
| Contracts in progress37 | - | €4,000 | €4,500 | €21,832 | - | - |
| Amounts receivable within one year40/41 | €35,069 | €57,266 | €128,210 | €198,098 | €156,128 | ▼ 21.2% |
| Trade receivables40 | - | €39,617 | €97,318 | €126,479 | €59,905 | ▼ 52.6% |
| Other amounts receivable41 | - | €17,649 | €30,892 | €71,619 | €96,223 | ▲ 34.4% |
| Cash at bank and in hand54/58 | €51,071 | €87,633 | €58,498 | €91,152 | €175,329 | ▲ 92.3% |
| Deferred charges and accrued income490/1 | - | €5,052 | €5,897 | €8,320 | €3,017 | ▼ 63.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,984 | €207,242 | €254,061 | €370,751 | €379,329 | ▲ 2.3% |
| Equity10/15 | €50,756 | €129,933 | €181,518 | €123,137 | €58,163 | ▼ 52.8% |
| Contributions10/11 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €44,256 | €123,433 | €175,018 | €116,637 | €51,663 | ▼ 55.7% |
| Distributable reserves133 | - | €123,433 | €175,018 | €116,637 | €51,663 | ▼ 55.7% |
| Amounts payable17/49 | €71,228 | €77,310 | €72,544 | €247,614 | €321,165 | ▲ 29.7% |
| Amounts payable after more than one year17 | €10,126 | €21,368 | €14,007 | €20,890 | €4,807 | ▼ 77.0% |
| Financial debts170/4 | - | €21,368 | €14,007 | €20,890 | €4,807 | ▼ 77.0% |
| Amounts payable within one year42/48 | €61,102 | €55,942 | €58,537 | €226,724 | €316,359 | ▲ 39.5% |
| Current portion of amounts payable after more than one year42 | - | €19,618 | €13,802 | €21,874 | €22,438 | ▲ 2.6% |
| Financial debts43 | - | - | - | - | €100,000 | - |
| Credit institutions430/8 | - | - | - | - | €100,000 | - |
| Trade debts44 | €26,282 | €29,625 | €37,987 | €109,523 | €67,491 | ▼ 38.4% |
| Suppliers440/4 | - | €29,625 | €37,987 | €109,523 | €67,491 | ▼ 38.4% |
| Taxes, remuneration and social security45 | - | €6,699 | €6,748 | €18,827 | €27,288 | ▲ 44.9% |
| Taxes450/3 | - | €5,156 | €701 | €13,536 | €25,768 | ▲ 90.4% |
| Remuneration and social security454/9 | - | €1,542 | €6,047 | €5,291 | €1,521 | ▼ 71.3% |
| Other amounts payable47/48 | - | - | - | €76,500 | €99,142 | ▲ 29.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,256 | €79,176 | €51,585 | €31,620 | €51,663 | ▲ 63.4% |
| + Depreciation and write-downs630 | €9,222 | €16,218 | €19,579 | €17,909 | €16,214 | ▼ 9.5% |
| Operating cash flow (approximation) | €53,478 | €95,394 | €71,165 | €49,528 | €67,878 | ▲ 37.0% |
| Investment in fixed assets (approximation) | - | -€33,601 | -€12,245 | -€12,300 | -€6,430 | ▲ 47.7% |
| Change in cash | - | €36,562 | -€29,135 | €32,655 | €84,177 | ▲ 158% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €31,620 ▼38.7%
Net result drops to €31,620, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €150,000Eq €181,518 ▲39.7%
3 profitable years in a row build equity to €181,518.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2021net €79,176 ▲78.9%
Operating result €99,730, net result €79,176, both a record.
30-06
Financial
Equity above €100,000Eq €129,933 ▲156%
2 profitable years in a row build equity to €129,933.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Geraardsbergen · 1 establishment unit since 2019
Ground area
31 m²
Parcel 41056B0029/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
KDC PROJECTS
since 20192.296.711.560
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41056B0029/00B000 | Flanders | 31 m² | - | - |
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
2023 to 2025 · 3 entries · 1,176 EUR awarded · 1,176 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 319 EUR | 319 EUR |
| 2024 | 1 | 222 EUR | 222 EUR |
| 2023 | 1 | 635 EUR | 635 EUR |
Similar companies · same sector, comparable size
K2 Projects
BE 0656.589.040
Antwerpen · Eq €58,141
SEQUOIA
BE 0451.462.843
Verviers · Eq €58,221
INPEKS
BE 0893.144.524
Berlaar · Eq €58,337
STYL
BE 0699.762.255
Destelbergen · Eq €57,792
TIMMER- EN INTERIEURWERKEN TROY
BE 1000.880.345
Moorslede · Eq €58,990
Of 1,599 companies in sector 16230 we hold annual accounts for 784. 579 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
Founded04-12-2019
Fiscal year end30-06
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
41001General construction of residential buildings
68121Development of residential building projects
43230Insulation installation
43320Joinery installation
43350Other building finishing work
43422Screed work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738711418
Also
9925:BE0738711418
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.