KDR Construct
ActiveSummary
The computed 12-month bankruptcy probability of KDR Construct is 2.5% (moderate). The 2025 annual accounts show equity of €28,649 and a net result of -€4,667. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 17% of 28254 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-22
Solvency40▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.71 in 2024; short-term debt: 47.5% and cash: 21.8% of total assets), and 85.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.6%
Return on assets
-2.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 7 filingsDeviation from the deadline
2025
3 d late
2024
29 d late
2023
29 d late
2022
48 d early
2021
27 d early
2020
9 d late
2019
23 d early
← 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 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€28,649▼ 14.0%
2024 · €33,316
Total assets
€196,690▲ 23.4%
2024 · €159,352
Net result
-€4,667
2024 · €8,258
Working capital
-€24,314▼ 12.8%
2024 · -€21,551
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€6,051▼ 78.4%€5,659▼ 6.5%-€3,781€16,238€1,834▼ 88.7%
Net result€3,174within the sector's middle half▼ 83.4%€1,484within the sector's middle half▼ 53.2%-€6,010below the sector's middle half€8,258within the sector's middle half-€4,667below the sector's middle half
Equity€29,583within the sector's middle half▲ 12.0%€31,068within the sector's middle half▲ 5.0%€25,058within the sector's middle half▼ 19.3%€33,316within the sector's middle half▲ 33.0%€28,649within the sector's middle half▼ 14.0%
Total assets€205,207within the sector's middle half▼ 8.3%€208,625within the sector's middle half▲ 1.7%€155,973within the sector's middle half▼ 25.2%€159,352within the sector's middle half▲ 2.2%€196,690within the sector's middle half▲ 23.4%
Debt€175,624▼ 11.0%€177,557▲ 1.1%€130,915▼ 26.3%€126,036▼ 3.7%€168,040▲ 33.3%
Working capital-€37,513below the sector's middle half▲ 11.4%-€39,462below the sector's middle half▼ 5.2%-€38,190below the sector's middle half▲ 3.2%-€21,551below the sector's middle half▲ 43.6%-€24,314below the sector's middle half▼ 12.8%
Solvency14.4%below the sector's middle half▲ 2.6pp14.9%below the sector's middle half▲ 0.5pp16.1%below the sector's middle half▲ 1.2pp20.9%below the sector's middle half▲ 4.8pp14.6%below the sector's middle half▼ 6.3pp
Current ratio0.47below the sector's middle half▲ 0.050.58below the sector's middle half▲ 0.110.45below the sector's middle half▼ 0.140.71below the sector's middle half▲ 0.270.74below the sector's middle half▲ 0.03
Return on assets (ROA)1.5%within the sector's middle half▼ 7.0pp0.7%below the sector's middle half▼ 0.8pp-3.9%below the sector's middle half▼ 4.6pp5.2%within the sector's middle half▲ 9.0pp-2.4%below the sector's middle half▼ 7.6pp
Staff (FTE)1.2▲ 20.0%1.6▲ 33.3%1▼ 37.5%1.3▲ 30.0%2▲ 53.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 falls in 2025; 2025 is 89% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,690
Fixed assets
€127,570 ▲ 20.4%
Current assets
€69,120 ▲ 29.4%
Equity and liabilities €196,690
Equity
€28,649 ▼ 14.0%
Debt
€168,040 ▲ 33.3%
Debt's share of the balance-sheet total rises from 79.1% to 85.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,921▼
2024 · €38,305
Cash flow
€21,420▼
2024 · €30,325
Quick ratio
0.68▲
2024 · 0.63
Debt to equity
5.87▲
2024 · 3.78
ROE
-16.3%▼
2024 · 24.8%
Interest coverage
4.45▼
2024 · 8.87
Debt ≤ 1 year
€93,434▲
2024 · €74,974
Debt > 1 year
€73,346▲
2024 · €50,916
Income taxes
€225▼
2024 · €3,671
Staff costs
€58,893▲
2024 · €50,748
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 1,549 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 | €661 | - | - | - | €7,518 | - |
| Remuneration, social security and pensions62 | €42,093 | €44,735 | €48,869 | €50,748 | €58,893 | ▲ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,629 | €28,625 | €28,435 | €22,067 | €26,087 | ▲ 18.2% |
| Other operating charges640/8 | €1,105 | €1,105 | €1,125 | €2,879 | €7,056 | ▲ 145% |
| Gross operating margin9900 | €76,879 | €80,125 | €74,648 | €91,932 | €93,870 | ▲ 2.1% |
| Operating profit (loss)9901 | €6,051 | €5,659 | -€3,781 | €16,238 | €1,834 | ▼ 88.7% |
| Financial income75/76B | €107 | €27 | €148 | €10 | €0 | ▼ 99.6% |
| Recurring financial income75 | €107 | €27 | €148 | €10 | €0 | ▼ 99.6% |
| Financial charges65/66B | €3,292 | €2,572 | €2,192 | €4,319 | €6,276 | ▲ 45.3% |
| Recurring financial charges65 | €3,292 | €2,572 | €2,192 | €4,319 | €6,276 | ▲ 45.3% |
| Profit (loss) for the period before taxes9903 | €2,867 | €3,114 | -€5,825 | €11,929 | -€4,442 | ▼ 137% |
| Income taxes67/77 | -€307 | €1,629 | €184 | €3,671 | €225 | ▼ 93.9% |
| Profit (loss) for the period9904 | €3,174 | €1,484 | -€6,010 | €8,258 | -€4,667 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | €3,174 | €1,484 | -€6,010 | €8,258 | -€4,667 | ▼ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205,207 | €208,625 | €155,973 | €159,352 | €196,690 | ▲ 23.4% |
| Fixed assets21/28 | €172,337 | €153,737 | €125,302 | €105,928 | €127,570 | ▲ 20.4% |
| Intangible fixed assets21 | €29,688 | €23,438 | €17,188 | €10,938 | €4,688 | ▼ 57.1% |
| Tangible fixed assets22/27 | €142,286 | €129,937 | €107,752 | €94,628 | €122,519 | ▲ 29.5% |
| Land and buildings22 | €78,909 | €78,363 | €77,818 | €77,272 | €81,395 | ▲ 5.3% |
| Plant, machinery and equipment23 | €1,913 | €2,499 | €1,343 | €3,309 | €2,237 | ▼ 32.4% |
| Furniture and vehicles24 | €31,992 | €26,870 | €13,654 | €6,378 | €567 | ▼ 91.1% |
| Leasing and similar rights25 | €24,990 | €18,220 | €11,450 | €4,680 | €35,830 | ▲ 666% |
| Assets under construction and advance payments27 | €4,483 | €3,985 | €3,487 | €2,989 | €2,491 | ▼ 16.7% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €32,871 | €54,888 | €30,671 | €53,424 | €69,120 | ▲ 29.4% |
| Stocks and contracts in progress3 | €2,645 | €8,971 | €7,096 | €5,855 | €5,134 | ▼ 12.3% |
| Stocks30/36 | €2,645 | €8,971 | €7,096 | €5,855 | €5,134 | ▼ 12.3% |
| Amounts receivable within one year40/41 | €27,367 | €4,710 | €12,870 | €21,236 | €11,194 | ▼ 47.3% |
| Trade receivables40 | €26,942 | €2,111 | €6,317 | €16,964 | €10,028 | ▼ 40.9% |
| Other amounts receivable41 | €425 | €2,599 | €6,553 | €4,272 | €1,166 | ▼ 72.7% |
| Cash at bank and in hand54/58 | €1,177 | €35,973 | €3,161 | €6,071 | €42,875 | ▲ 606% |
| Deferred charges and accrued income490/1 | €1,682 | €5,234 | €7,545 | €20,262 | €9,918 | ▼ 51.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205,207 | €208,625 | €155,973 | €159,352 | €196,690 | ▲ 23.4% |
| Equity10/15 | €29,583 | €31,068 | €25,058 | €33,316 | €28,649 | ▼ 14.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €23,383 | €24,868 | €18,858 | €27,116 | €22,449 | ▼ 17.2% |
| Amounts payable17/49 | €175,624 | €177,557 | €130,915 | €126,036 | €168,040 | ▲ 33.3% |
| Amounts payable after more than one year17 | €105,241 | €83,208 | €61,798 | €50,916 | €73,346 | ▲ 44.1% |
| Financial debts170/4 | €105,241 | €83,208 | €61,798 | €50,916 | €73,346 | ▲ 44.1% |
| Amounts payable within one year42/48 | €70,383 | €94,350 | €68,861 | €74,974 | €93,434 | ▲ 24.6% |
| Current portion of amounts payable after more than one year42 | €24,273 | €22,033 | €21,410 | €10,882 | €13,677 | ▲ 25.7% |
| Trade debts44 | €25,055 | €49,689 | €26,602 | €33,125 | €22,085 | ▼ 33.3% |
| Suppliers440/4 | €25,055 | €49,689 | €26,602 | €33,125 | €22,085 | ▼ 33.3% |
| Taxes, remuneration and social security45 | €1,385 | €4,648 | €2,242 | €11,547 | €36,990 | ▲ 220% |
| Taxes450/3 | €1,385 | €3,015 | - | €6,937 | €29,379 | ▲ 324% |
| Remuneration and social security454/9 | - | €1,633 | €2,242 | €4,610 | €7,611 | ▲ 65.1% |
| Other amounts payable47/48 | €19,670 | €17,980 | €18,608 | €19,420 | €20,682 | ▲ 6.5% |
| Accrued charges and deferred income492/3 | - | - | €256 | €146 | €1,260 | ▲ 766% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,174 | €1,484 | -€6,010 | €8,258 | -€4,667 | ▼ 157% |
| + Depreciation and write-downs630 | €27,629 | €28,625 | €28,435 | €22,067 | €26,087 | ▲ 18.2% |
| Operating cash flow (approximation) | €30,803 | €30,110 | €22,425 | €30,325 | €21,420 | ▼ 29.4% |
| Investment in fixed assets (approximation) | - | -€10,026 | €0 | -€2,693 | -€47,728 | ▼ 1,672% |
| Change in cash | - | €34,796 | -€32,812 | €2,910 | €36,803 | ▲ 1,165% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €8,258
Net result €8,258 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€6,010
Net result drops to -€6,010, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Highest result since 2019net €19,064 ▲1,564%
Operating result €28,021, net result €19,064, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Orp-Jauche · 1 establishment unit since 2018
Ground area
1,034 m²
Building footprint
111 m²
Volume, LiDAR
724 m³
Parcel 25063B0405/00C000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KDR Construct
since 20182.310.923.941
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25063B0405/00C000 | Wallonia | 1,034 m² | 1 · 111 m² | 8.3 m · 2 fl. |
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.
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,333 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
Founded22-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0711936844
Also
9925:BE0711936844
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.