KDM CONSTRUCT
ActiveKDM CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349k and a net result of €41k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 1718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59=
Solvency64▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.32 in 2024), and 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
34.9%
Return on assets
4.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
38 d early
2023
27 d late
2022
21 d early
2021
22 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€349k▲ 13.4%
2024 · €308k
2018: €56k
2019: €99k
2020: €131k
2021: €157k
2022: €232k
2023: €272k
2024: €308k
2018 → 2025
Total assets
€1.00M▲ 2.7%
2024 · €974k
2018: €411k
2019: €621k
2020: €622k
2021: €892k
2022: €972k
2023: €631k
2024: €974k
2018 → 2025
Net result
€41k▲ 12.9%
2024 · €36k
2018: €-596
2019: €37k
2020: €32k
2021: €27k
2022: €75k
2023: €40k
2024: €36k
2018 → 2025
Working capital
€113k▲ 44.4%
2024 · €78k
2018: €28k
2019: €88k
2020: €126k
2021: €305k
2022: €149k
2023: €68k
2024: €78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€157k-€232k▲ 47.5%€272k▲ 17.0%€308k▲ 13.4%€349k▲ 13.4%
Operating result€34k-€83k▲ 146%€52k▼ 37.2%€58k▲ 11.1%€74k▲ 28.0%
Net result€27k-€75k▲ 181%€40k▼ 47.1%€36k▼ 7.8%€41k▲ 12.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.00M
Fixed assets
€604k▼ 7.2%
Current assets
€396k▲ 22.6%
Equity and liabilities €1.00M
Equity
€349k▲ 13.4%
Debt
€651k▼ 2.2%
The debt ratio falls from 68.4% to 65.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€137k▲
2024 · €113k
Cash flow
€104k▲
2024 · €91k
Solvency
34.9%▲
2024 · 31.6%
Current ratio
1.40▲
2024 · 1.32
Quick ratio
1.19▲
2024 · 0.85
Debt / equity
1.87▼
2024 · 2.16
ROE
11.8%▼
2024 · 11.8%
ROA
4.1%▲
2024 · 3.7%
Interest coverage
13.45▲
2024 · 9.19
Debt
€651k▼
2024 · €666k
Debt ≤ 1 year
€284k▲
2024 · €245k
Debt > 1 year
€367k▼
2024 · €421k
Income taxes
€23k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€974k€1.00M▲
Fixed assets21/28€651k€604k▼
Tangible fixed assets22/27€651k€604k▼
Land and buildings22€444k€425k▼
Plant, machinery and equipment23€181k€164k▼
Furniture and vehicles24€14k€4k▼
Other tangible fixed assets26€12k€11k▼
Current assets29/58€323k€396k▲
Amounts receivable after more than one year29€233€233=
Other amounts receivable291€233€233=
Stocks and contracts in progress3€115k€57k▼
Stocks30/36€69k€41k▼
Contracts in progress37€47k€17k▼
Amounts receivable within one year40/41€179k€176k▼
Trade receivables40€54k€171k▲
Other amounts receivable41€126k€5k▼
Cash at bank and in hand54/58€28k€163k▲
Equity and liabilities
Total equity and liabilities10/49€974k€1.00M▲
Equity10/15€308k€349k▲
Contributions10/11€19k€19k=
Reserves13€289k€331k▲
Distributable reserves133€289k€331k▲
Amounts payable17/49€666k€651k▼
Amounts payable after more than one year17€421k€367k▼
Financial debts170/4€421k€367k▼
Amounts payable within one year42/48€245k€284k▲
Current portion of amounts payable after more than one year42€59k€51k▼
Trade debts44€25k€49k▲
Suppliers440/4€25k€49k▲
Taxes, remuneration and social security45€4k€30k▲
Taxes450/3€4k€30k▲
Other amounts payable47/48€158k€154k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€63k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€116k€140k▲
Operating profit (loss)9901€58k€74k▲
Financial income75/76B€41€20▼
Recurring financial income75€41€20▼
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€46k€64k▲
Income taxes67/77€9k€23k▲
Profit (loss) for the period9904€36k€41k▲
Profit (loss) for the period to be appropriated9905€36k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€41k▲
Transfer to equity691/2€36k€41k▲
To other reserves6921€36k€41k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €75k ▲181%
Operating result €83k, net result €75k, both a record.
31-12
Financial
Equity above €200kEq €232k ▲47.5%
4 profitable years in a row build equity to €232k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-12
Financial
Equity above €150kEq €157k ▲20.3%
3 profitable years in a row build equity to €157k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Equity above €100kEq €131k ▲31.9%
2 profitable years in a row build equity to €131k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lede · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oud-Smetlede 137B9340 LedeGround area
416 m²
Building footprint
114 m²
Volume, LiDAR
852 m³
Parcel 41066A0039/00B002, Flanders · tallest building 14.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KDM CONSTRUCT
since 20052.146.639.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41066A0039/00B002 | Flanders | 416 m² | 1 · 114 m² | 14.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DU WARQUA
BE 0847.738.527
Enghien · Eq €350k
Loonwerken Puttemans W.
BE 0672.566.722
Kampenhout · Eq €351k
MARLA
BE 0429.108.895
Rijkevorsel · Eq €351k
DESOT MARIJN
BE 1004.098.864
Diksmuide · Eq €352k
Vanbesien
BE 0891.792.363
Zuienkerke · Eq €353k
Of 4,668 companies in sector 01610 we hold annual accounts for 1,363. 1,102 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2005
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
01610Support activities for crop production
01430Raising of horses and other equines
43110Demolition
45111
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.