KDN Trans
ActiveSummary
KDN Trans has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €601,657 and a net result of -€4,933. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 36% of 2,396 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-02-2009 Normal situation
- Activity
- Freight transport by road NACE 49410
- Joint committee
- 140.03 Paritair Subcomité voor het wegvervoer en de logistiek voor rekening van derden · annual accounts 2025
- Establishment unit
- 2.177.149.261 9270 Laarne, since 01-04-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 11-01-2025
Board and ownership
Board
- De Neve KoenDirector · since 20-02-2009
Shareholders
- Koen De Neve100%annual accounts 2017
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
Annual accounts 2025
- Gross margin
- €422,589
- ▲ 4.5%
- Turnover
- ≈ €910,000
- estimated
- Loss
- €4,933
- Equity
- €601,657
- ▼ 0.8%
- Total assets
- €2.1m
- ▼ 7.6%
- Employees on 31-12-2025
- 4
- =
Score breakdownraises riskLiquidity: current ratio 1.23, cash €227, halvedSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 2009Figures for financial year 2025 (filed on 29-07-2026)Show the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 39% of micro companies in land transport (NACE 49)
Financial strength · tick: 2024
Average
Solvency
54+2
equity 28.6% of total assets
Liquidity
47-1
short-term debt 15.4% · cash 0.0%
Profitability
60+2
return on assets -0.2%
Bankruptcy probability within 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%▲ +0.2 percentage points vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.5%▼ -0.5 percentage points vs 07-2025lowest value
09-2025: 0.5%● unchanged vs 08-2025lowest value
10-2025: 0.5%● unchanged vs 09-2025lowest value
11-2025: 0.5%● unchanged vs 10-2025lowest value
12-2025: 0.5%● unchanged vs 11-2025lowest value
01-2026: 0.5%● unchanged vs 12-2025lowest value
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (1.35 in 2024), below the usual 1.5. Short-term debt is 15.4% and cash 0% of total assets. 71.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 40% of them on solvency, 47% on liquidity, 33% on profitability and 35% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
2 days early
2023
6 days early
2022
11 days late
2021
92 days late
2020
61 days late
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 16 filings
Turnover
≈ €910,000
Estimated: probably between €710,000 and €1.3m
Total assets
€2.1m▼ 7.6%
2024 · €2.3m
Net result
-€4,933
2024 · €183
Working capital
€74,242▼ 34.9%
2024 · €113,962
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€12,839
▼ 44.0%
2025
20182025
Net result
-€4,933
2025
lowest quarter of the sector
20182025
Equity
€601,657
▼ 0.8%
2025
middle half of the sector
20182025
Total assets
€2.1m
▼ 7.6%
2025
highest quarter of the sector
20182025
Debt
€1.5m
▼ 9.9%
2025
20182025
Working capital
€74,242
▼ 34.9%
2025
middle half of the sector
20182025
Solvency
28.6%
▲ 2.0pp
2025
middle half of the sector
20182025
Current ratio
1.23
▼ 0.12
2025
middle half of the sector
20182025
Return on assets (ROA)
-0.2%
▼ 0.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
3.9
▲ 8.3%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.06m-€0.05m▼ 12.5%€0.05m▼ 7.1%€0.03m▼ 33.1%€0.2m▲ 525%€0.1m▼ 40.2%€0.02m▼ 81.8%€0.01m▼ 44.0%
Net result€0.04m-€0.04m▼ 1.6%€0.04mwithin the sector's middle half▲ 1.0%€0.03mwithin the sector's middle half▼ 34.7%€0.1mwithin the sector's middle half▲ 466%€0.08mwithin the sector's middle half▼ 45.7%€183below the sector's middle half▼ 99.8%-€0.005mbelow the sector's middle half
Equity€0.3m-€0.3m▲ 16.5%€0.4mwithin the sector's middle half▲ 9.8%€0.4mwithin the sector's middle half▲ 5.4%€0.5mwithin the sector's middle half▲ 37.4%€0.6mwithin the sector's middle half▲ 14.6%€0.6mwithin the sector's middle half=€0.6mwithin the sector's middle half▼ 0.8%
Total assets€0.5m-€0.5m▼ 9.5%€0.5mwithin the sector's middle half▲ 17.3%€1.7mwithin the sector's middle half▲ 206%€2.1mwithin the sector's middle half▲ 24.6%€2.1mwithin the sector's middle half▼ 0.2%€2.3mwithin the sector's middle half▲ 10.5%€2.1mabove the sector's middle half▼ 7.6%
Debt€0.2m-€0.1m▼ 42.6%€0.2m▲ 36.8%€1.3m▲ 622%€1.5m▲ 20.7%€1.4m▼ 5.5%€1.7m▲ 15.0%€1.5m▼ 9.9%
Working capital€0.1m-€0.3m▲ 97.1%€0.4mwithin the sector's middle half▲ 47.8%-€0.02mbelow the sector's middle half-€0.06mbelow the sector's middle half▼ 269%€0.2mwithin the sector's middle half€0.1mwithin the sector's middle half▼ 38.1%€0.07mwithin the sector's middle half▼ 34.9%
Solvency56.1%-72.2%▲ 16.1pp67.5%above the sector's middle half▼ 4.6pp23.3%within the sector's middle half▼ 44.2pp25.7%within the sector's middle half▲ 2.4pp29.5%within the sector's middle half▲ 3.8pp26.7%within the sector's middle half▼ 2.8pp28.6%within the sector's middle half▲ 2.0pp
Current ratio1.62-3.60▲ 1.994.78above the sector's middle half▲ 1.170.95below the sector's middle half▼ 3.820.88below the sector's middle half▼ 0.071.72within the sector's middle half▲ 0.841.35within the sector's middle half▼ 0.371.23within the sector's middle half▼ 0.12
Return on assets (ROA)7.9%-8.6%▲ 0.7pp7.4%within the sector's middle half▼ 1.2pp1.6%within the sector's middle half▼ 5.8pp7.2%within the sector's middle half▲ 5.6pp3.9%within the sector's middle half▼ 3.3pp0.0%below the sector's middle half▼ 3.9pp-0.2%below the sector's middle half▼ 0.2pp
Staff (FTE)3.1-3▼ 3.2%3below the sector's middle half=2.5below the sector's middle half▼ 16.7%3.4below the sector's middle half▲ 36.0%3below the sector's middle half▼ 11.8%3.6below the sector's middle half▲ 20.0%3.9within the sector's middle half▲ 8.3%
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 44% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
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
Quick ratio
1.01▼
2024 · 1.22
Debt to equity
2.49▼
2024 · 2.75
ROE
-0.8%▼
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.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 3 | 4 | 4 |
| full-time | 2 | 3 | 3 | 4 | 4 |
| part-time | 1 | - | 0 | 0 | 0 |
| in full-time equivalents | 2.1 | 3 | 3 | 4 | 4 |
| Average over the year, in full-time equivalents | 2.5 | 3.4 | 3 | 3.6 | 3.9 |
| On a permanent contract | 3 | 3 | 3 | 4 | 4 |
| Joined | 0 | - | 0 | 2 | 1 |
| Left | 1 | - | 0 | 1 | 1 |
| Training hours | - | - | 0 | 0 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €979,311 | - | - | - | - |
| Mortgages, amount registered | €220,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €1.3m | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.4m | €348,653 | €65,317 | €334,255 | €2,817 |
| Depreciation and write-downs of the year | €93,715 | €50,652 | €65,267 | €97,438 | €96,983 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 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 | €109,363 | €69,180 | €55,796 | €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 | €397,334 | €338,205 | €333,589 | €311,751 | €508,934 | €428,204 | €404,536 | €422,589 | ▲ 4.5% |
| Operating profit (loss)9901 | €61,880 | €54,149 | €50,296 | €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 | €3,712 | €7,400 | €10,000 | €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 | €4,046 | €4,218 | €1,557 | €10,349 | €21,356 | €26,693 | €25,875 | €21,848 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €61,546 | €57,331 | €58,740 | €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 | €21,366 | €17,776 | €18,794 | €6,254 | €47,739 | €19,914 | €250 | €754 | ▲ 201% |
| Profit (loss) for the period9904 | €40,181 | €39,555 | €39,945 | €26,093 | €147,806 | €80,206 | €183 | -€4,933 | - |
| 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 | €40,181 | €39,555 | €39,945 | €26,093 | €147,806 | €69,103 | €2,903 | €3,450 | ▲ 18.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.5m | €0.5m | €1.7m | €2.1m | €2.1m | €2.3m | €2.1m | ▼ 7.6% |
| Fixed assets21/28 | €0.2m | €0.09m | €0.04m | €1.3m | €1.6m | €1.6m | €1.8m | €1.7m | ▼ 7.1% |
| Tangible fixed assets22/27 | €0.2m | €0.09m | €0.04m | €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 | - | - | - | €0.001m | €0.004m | €0.004m | €0.003m | €0.003m | ▲ 13.5% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.02m | €0.07m | €0.3m | €0.2m | ▼ 25.3% |
| Current assets29/58 | €0.4m | €0.4m | €0.5m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 9.5% |
| Amounts receivable after more than one year29 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.0% |
| Other amounts receivable291 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.0% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €0.04m | €0.07m | ▲ 73.2% |
| Stocks30/36 | - | - | - | - | - | - | €0.04m | €0.07m | ▲ 73.2% |
| Amounts receivable within one year40/41 | €0.03m | €0.3m | €0.09m | €0.05m | €0.1m | €0.1m | €0.08m | €0.04m | ▼ 44.9% |
| Trade receivables40 | - | - | - | €0.04m | €0.1m | €0.1m | €0.07m | €0.03m | ▼ 54.8% |
| Other amounts receivable41 | - | - | - | €0.005m | €0.004m | €0.003m | €0.006m | €0.01m | ▲ 78.0% |
| Cash at bank and in hand54/58 | €0.3m | €0.08m | €0.1m | €0.02m | €0.03m | €0.04m | €0.02m | €227 | ▼ 98.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.008m | €0.007m | €0.03m | €0.03m | €0.01m | ▼ 69.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.5m | €0.5m | €1.7m | €2.1m | €2.1m | €2.3m | €2.1m | ▼ 7.6% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | ▼ 0.8% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | ▼ 1.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.008m | €0.008m | €0.02m | €0.02m | €0.008m | ▼ 52.2% |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.004m | ▲ 431% |
| Investment grants15 | - | - | - | €0.005m | €0.001m | €0 | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | - | €0.003m | €0.002m | €0 | ▼ 100% |
| Deferred taxes168 | - | - | - | - | - | €0.003m | €0.002m | €0 | ▼ 100% |
| Amounts payable17/49 | €0.2m | €0.1m | €0.2m | €1.3m | €1.5m | €1.4m | €1.7m | €1.5m | ▼ 9.9% |
| Amounts payable after more than one year17 | €0.001m | €0.02m | €0.007m | €0.9m | €1.0m | €1.2m | €1.3m | €1.2m | ▼ 12.2% |
| Financial debts170/4 | - | - | - | €0.9m | €1.0m | €1.2m | €1.3m | €1.2m | ▼ 12.2% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.1m | €0.4m | €0.5m | €0.3m | €0.3m | €0.3m | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 5.0% |
| Financial debts43 | - | - | - | €0.2m | - | - | - | €0.02m | - |
| Credit institutions430/8 | - | - | - | €0.2m | - | - | - | €0.02m | - |
| Trade debts44 | €0.1m | €0.04m | €0.02m | €0.05m | €0.08m | €0.03m | €0.08m | €0.04m | ▼ 41.1% |
| Suppliers440/4 | - | - | - | €0.05m | €0.08m | €0.03m | €0.08m | €0.04m | ▼ 41.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.1m | €0.1m | €0.08m | €0.06m | ▼ 15.4% |
| Taxes450/3 | - | - | - | €0.03m | €0.09m | €0.09m | €0.04m | €0.03m | ▼ 22.7% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.03m | €0.02m | €0.03m | €0.03m | ▼ 6.1% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.2m | €0.002m | €0.001m | €0.03m | ▲ 38× |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | - | €0.008m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.04m | €0.04m | €0.04m | €0.03m | €0.1m | €0.08m | €183 | -€0.005m | - |
| + Depreciation and write-downs630 | €0.1m | €0.07m | €0.06m | €0.09m | €0.05m | €0.07m | €0.1m | €0.1m | ▼ 0.5% |
| Operating cash flow (approximation) | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | -€0.006m | -€0.005m | -€1.4m | -€0.3m | -€0.07m | -€0.3m | €0.03m | - |
| Change in cash | - | -€0.2m | €0.07m | -€0.1m | €0.01m | €0.01m | -€0.02m | -€0.02m | ▲ 24.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,166 companies had the same profile as KDN Trans has now. Two years later, 94.1% were still going and 2.5% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
94.1%
was still going
3.0%
stopped otherwise
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KDN Trans itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,166 companies, not a prediction for KDN Trans. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00354136 | |
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00322559 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00281667 | |
| 31-12-2022 | abbreviated format | 11-08-2023 | 2023-00331241 | |
| 31-12-2021 | abbreviated format | 31-10-2022 | 2022-20486394 | |
| 31-12-2020 | abbreviated format | 30-09-2021 | 2021-70700525 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-66300323 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-63200555 | |
| 31-12-2017 | micro format | 24-09-2018 | 2018-64800550 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-54900531 |
Board & ownership
Directors
Directors
1 director
De Neve Koen
Current
Owners and capital
Shareholders
1 ownerOwners 1
- Koen De Nevenatural personSourceown accounts 2017100%
Network & group
Companies at the same address
5 other companiesConnections & network
1 current directorThe network starts from the directors of KDN Trans. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-07
abbreviated format · 2 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€4,933
The net result drops to -€4,933, the lowest from 2018 to 2025.
29-07
abbreviated format · 2 days before the deadline
2024
25-07
abbreviated format · 6 days before the deadline
2023
11-08
abbreviated format · 11 days late
2022
31-12
Financial
Highest result from 2018 to 2025net €147,806 ▲466%
The operating result of €210,349 and the net result of €147,806 are both a record.
31-12
Financial
Equity above €500,000equity €529,125 ▲37.4%
With a profit in every financial year since 2018, equity grows to €529,125.
31-10
abbreviated format · 92 days late
08-03
Gazette deed
Registered office moved from Elene to LaarneNew seat: Veldmeersstraat 25 - 9270 Laarne · Previous seat: Steenweg op Aalst 39 - 9620 Elene2 points ▸
Gazette deed
Registered office moved from Elene to Laarne
New seat: Veldmeersstraat 25 - 9270 Laarne · Previous seat: Steenweg op Aalst 39 - 9620 Elene2 points ▸
- Board meeting, 23-12-2021
- Registered-office move, Veldmeersstraat 25 - 9270 Laarne
2021
30-09
abbreviated format · 61 days late
2020
29-10
micro format · 90 days late
2019
31-12
Financial
Liquidity more than doubledcurrent ratio 3.60
The current ratio rises from 1.62 to 3.60. Short-term debt falls from €220,792 to €103,341.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
KDN Trans in Dutch
Enterprise number
0809.969.497
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
20-02-2009
Entity type
Legal entity
Registered office and establishments
Registered office
Veldmeersstraat 25, 9270 Laarne, Belgium
1 former office
- Steenweg op Aalst 39, 9620 Elene until 01-01-2022 · act of 08-03-2022
Establishment unit
Veldmeersstraat 25, 9270 Laarne since 01-04-2009 · unit number 2.177.149.261
Activities
NACEBEL 2025VAT activities
49410
Freight transport by road main activity
Social security (RSZ) activities
49410
Freight transport by road main activity
Codes under NACEBEL 2008
VAT activities
49410
Road freight transport main activity
Social security (RSZ) activities
49410
Road freight transport main activity
Joint committee
140.03 Paritair Subcomité voor het wegvervoer en de logistiek voor rekening van derden annual accounts 2025
Invoicing and payment
VAT number
BE 0809.969.497
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
1 siteLaarneunit number 2.177.149.261
Sites & property
Location
Buildings and parcels at the address
Ground area
2,751 m²
Building footprint
464 m²
Building volume
2,191 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42010B1033/00C000 | Flanders | 2,751 m² | 1 · 463 m² | 5.9 m · 2 |