KDN Trans
ActiveSummary
KDN Trans has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €601,657 and a net result of -€4,933. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 1880 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+2
Solvency54▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.35 in 2024; short-term debt: 15.4% and cash: 0% of total assets), and 71.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
6 d early
2022
11 d late
2021
92 d late
2020
61 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€601,657▼ 0.8%
2024 · €606,591
Total assets
€2.1m▼ 7.6%
2024 · €2.3m
Net result
-€4,933
2024 · €183
Working capital
€74,242▼ 34.9%
2024 · €113,962
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,667▼ 33.1%€210,349▲ 525%€125,706▼ 40.2%€22,920▼ 81.8%€12,839▼ 44.0%
Net result€26,093▼ 34.7%€147,806▲ 466%€80,206▼ 45.7%€183▼ 99.8%-€4,933
Equity€385,219▲ 5.4%€529,125▲ 37.4%€606,407▲ 14.6%€606,591=€601,657▼ 0.8%
Total assets€1.7m▲ 206%€2.1m▲ 24.6%€2.1m▼ 0.2%€2.3m▲ 10.5%€2.1m▼ 7.6%
Debt€1.3m▲ 622%€1.5m▲ 20.7%€1.4m▼ 5.5%€1.7m▲ 15.0%€1.5m▼ 9.9%
Working capital-€15,921-€58,699▼ 269%€184,254€113,962▼ 38.1%€74,242▼ 34.9%
Staff (FTE)2.5▼ 16.7%3.4▲ 36.0%3▼ 11.8%3.6▲ 20.0%3.9▲ 8.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result +466% on 2021. Cause not known from the registers.
- 2021 Total assets +206% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.7m ▼ 7.1%
Current assets
€396,851 ▼ 9.5%
Equity and liabilities €2.1m
Equity
€601,657 ▼ 0.8%
Provisions
€0 ▼ 100%
Debt
€1.5m ▼ 9.9%
Debt's share of the balance-sheet total falls from 73.2% to 71.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€109,822▼
2024 · €120,358
Cash flow
€92,050▼
2024 · €97,622
Current ratio
1.23▼
2024 · 1.35
Quick ratio
1.01▼
2024 · 1.22
Debt to equity
2.49▼
2024 · 2.75
ROE
-0.8%▼
2024 · 0.0%
ROA
-0.2%▼
2024 · 0.0%
Interest coverage
5.03▲
2024 · 4.65
Debt ≤ 1 year
€322,609▼
2024 · €324,524
Debt > 1 year
€1.2m▼
2024 · €1.3m
Income taxes
€754▲
2024 · €250
Staff costs
€290,442▲
2024 · €262,934
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,058 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% | 1.6% |
| 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 74% 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 2,164 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 | €12,000 | €42,500 | €17,000 | €0 | - | - |
| Remuneration, social security and pensions62 | €175,330 | €236,240 | €225,132 | €262,934 | €290,442 | ▲ 10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,715 | €50,652 | €65,267 | €97,438 | €96,983 | ▼ 0.5% |
| Other operating charges640/8 | €9,040 | €11,694 | €12,099 | €13,081 | €10,647 | ▼ 18.6% |
| Non-recurring operating charges66A | - | - | - | €8,163 | €11,678 | ▲ 43.1% |
| Gross operating margin9900 | €311,751 | €508,934 | €428,204 | €404,536 | €422,589 | ▲ 4.5% |
| Operating profit (loss)9901 | €33,667 | €210,349 | €125,706 | €22,920 | €12,839 | ▼ 44.0% |
| Financial income75/76B | €9,028 | €6,553 | €3,883 | €2,709 | €2,733 | ▲ 0.9% |
| Recurring financial income75 | €9,028 | €6,553 | €3,883 | €2,709 | €2,733 | ▲ 0.9% |
| Financial charges65/66B | €10,349 | €21,356 | €26,693 | €25,875 | €21,848 | ▼ 15.6% |
| Recurring financial charges65 | €10,349 | €21,356 | €26,693 | €25,875 | €21,848 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €32,347 | €195,546 | €102,896 | -€247 | -€6,275 | ▼ 2,444% |
| Transfer from deferred taxes780 | - | - | €624 | €680 | €2,096 | ▲ 208% |
| Transfer to deferred taxes680 | - | - | €3,400 | €0 | - | - |
| Income taxes67/77 | €6,254 | €47,739 | €19,914 | €250 | €754 | ▲ 201% |
| Profit (loss) for the period9904 | €26,093 | €147,806 | €80,206 | €183 | -€4,933 | ▼ 2,793% |
| Transfer from tax-exempt reserves789 | - | - | €2,496 | €2,720 | €8,384 | ▲ 208% |
| Transfer to tax-exempt reserves689 | - | - | €13,600 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €26,093 | €147,806 | €69,103 | €2,903 | €3,450 | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €2.1m | €2.1m | €2.3m | €2.1m | ▼ 7.6% |
| Fixed assets21/28 | €1.3m | €1.6m | €1.6m | €1.8m | €1.7m | ▼ 7.1% |
| Tangible fixed assets22/27 | €1.3m | €1.6m | €1.6m | €1.8m | €1.7m | ▼ 7.1% |
| Land and buildings22 | €1.3m | €1.6m | €1.5m | €1.5m | €1.5m | ▼ 3.1% |
| Plant, machinery and equipment23 | €784 | €4,218 | €4,409 | €2,708 | €3,072 | ▲ 13.5% |
| Furniture and vehicles24 | €2,901 | €23,763 | €66,741 | €334,216 | €249,616 | ▼ 25.3% |
| Current assets29/58 | €335,551 | €444,593 | €440,408 | €438,486 | €396,851 | ▼ 9.5% |
| Amounts receivable after more than one year29 | €262,600 | €265,226 | €267,878 | €270,557 | €273,263 | ▲ 1.0% |
| Other amounts receivable291 | €262,600 | €265,226 | €267,878 | €270,557 | €273,263 | ▲ 1.0% |
| Stocks and contracts in progress3 | - | - | - | €41,000 | €71,000 | ▲ 73.2% |
| Stocks30/36 | - | - | - | €41,000 | €71,000 | ▲ 73.2% |
| Amounts receivable within one year40/41 | €49,433 | €145,318 | €104,460 | €77,134 | €42,507 | ▼ 44.9% |
| Trade receivables40 | €44,796 | €141,711 | €101,253 | €71,404 | €32,306 | ▼ 54.8% |
| Other amounts receivable41 | €4,636 | €3,607 | €3,208 | €5,730 | €10,200 | ▲ 78.0% |
| Cash at bank and in hand54/58 | €16,013 | €26,553 | €40,542 | €17,543 | €227 | ▼ 98.7% |
| Deferred charges and accrued income490/1 | €7,506 | €7,496 | €27,528 | €32,252 | €9,855 | ▼ 69.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €2.1m | €2.1m | €2.3m | €2.1m | ▼ 7.6% |
| Equity10/15 | €385,219 | €529,125 | €606,407 | €606,591 | €601,657 | ▼ 0.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €366,821 | €514,628 | €593,110 | €593,390 | €585,007 | ▼ 1.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €7,681 | €7,681 | €18,785 | €16,065 | €7,681 | ▼ 52.2% |
| Distributable reserves133 | €357,280 | €505,086 | €572,465 | €575,465 | €575,465 | = |
| Profit (loss) carried forward14 | €897 | €897 | €897 | €801 | €4,251 | ▲ 431% |
| Investment grants15 | €5,100 | €1,200 | €0 | - | - | - |
| Provisions and deferred taxes16 | - | - | €2,776 | €2,096 | €0 | ▼ 100% |
| Deferred taxes168 | - | - | €2,776 | €2,096 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.3m | €1.5m | €1.4m | €1.7m | €1.5m | ▼ 9.9% |
| Amounts payable after more than one year17 | €916,843 | €1.0m | €1.2m | €1.3m | €1.2m | ▼ 12.2% |
| Financial debts170/4 | €916,843 | €1.0m | €1.2m | €1.3m | €1.2m | ▼ 12.2% |
| Amounts payable within one year42/48 | €351,473 | €503,292 | €256,154 | €324,524 | €322,609 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €69,175 | €97,770 | €108,693 | €172,198 | €163,535 | ▼ 5.0% |
| Financial debts43 | €150,000 | - | - | - | €15,859 | - |
| Credit institutions430/8 | €150,000 | - | - | - | €15,859 | - |
| Trade debts44 | €53,662 | €76,159 | €30,250 | €76,137 | €44,863 | ▼ 41.1% |
| Suppliers440/4 | €53,662 | €76,159 | €30,250 | €76,137 | €44,863 | ▼ 41.1% |
| Taxes, remuneration and social security45 | €50,156 | €124,960 | €115,487 | €75,285 | €63,696 | ▼ 15.4% |
| Taxes450/3 | €34,512 | €91,189 | €90,800 | €42,164 | €32,597 | ▼ 22.7% |
| Remuneration and social security454/9 | €15,644 | €33,770 | €24,686 | €33,121 | €31,099 | ▼ 6.1% |
| Other amounts payable47/48 | €28,480 | €204,403 | €1,724 | €905 | €34,656 | ▲ 3,730% |
| Accrued charges and deferred income492/3 | €605 | - | €8,217 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,093 | €147,806 | €80,206 | €183 | -€4,933 | ▼ 2,793% |
| + Depreciation and write-downs630 | €93,715 | €50,652 | €65,267 | €97,438 | €96,983 | ▼ 0.5% |
| Operating cash flow (approximation) | €119,808 | €198,459 | €145,474 | €97,622 | €92,050 | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | -€348,653 | -€65,317 | -€316,092 | €33,861 | ▲ 111% |
| Change in cash | - | €10,540 | €13,989 | -€22,998 | -€17,316 | ▲ 24.7% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€4,933
Net result drops to -€4,933, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Highest result since 2018net €147,806 ▲466%
Operating result €210,349, net result €147,806, both a record.
31-12
Financial
Equity above €500,000Eq €529,125 ▲37.4%
5 profitable years in a row build equity to €529,125.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 3.60
Current ratio from 1.62 to 3.60; short-term debt falls from €220,792 to €103,341.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days 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.
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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, Laarne · 1 establishment unit since 2009
Ground area
2,751 m²
Building footprint
464 m²
Parcel 42010B1033/00C000, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Veldmeersstraat 25, 9270 Laarne
since 20092.177.149.261
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010B1033/00C000 | Flanders | 2,751 m² | 1 · 463 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLaarne2.177.149.261
Similar companies · same sector, comparable size
SANYTRANS
BE 0442.961.386
Brecht · Eq €601,524
Gijsels
BE 0457.541.674
Heist-op-den-Berg · Eq €601,490
LENSSENS
BE 0454.757.180
Hamme (Vl.) · Eq €601,365
VAN TWEMBEKE FREDERIK
BE 0883.823.814
Deerlijk · Eq €602,196
VINNIETRANS
BE 0454.626.627
Antwerpen · Eq €602,199
Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 4,937 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 (pre-2019)
Founded20-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809969497
Also
9925:BE0809969497
Registered
11-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.