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KDR26

Active
Private limited companyfounded 20233 yrs activeVilvoordelaan 132, 1930 Zaventem, BelgiumKBO/BCE: BE 0798.401.654
Summary

The computed 12-month bankruptcy probability of KDR26 is 2.9% (moderate). The 2024 annual accounts show equity of €48,781 and a net result of €14,887. Its solvency ranks better than 36% of 36380 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability82▼-18
Solvency59▼-22
Growth52
Track record94
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.59 in 2023; short-term debt: 26.8% and cash: 0.5% of total assets), but 65.7% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
34.3%
Return on assets
10.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
141 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 56 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 February 2023, KDR26 was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€48,781▲ 43.9%
2023 · €33,894
Total assets
€142,242▲ 134%
2023 · €60,664
Net result
€14,887▼ 21.2%
2023 · €18,894
Working capital
€20,532▲ 29.7%
2023 · €15,833
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
Line20232024
Operating result€18,901-€16,769▼ 11.3%
Net result€18,894-€14,887▼ 21.2%
Equity€33,894-€48,781▲ 43.9%
Total assets€60,664-€142,242▲ 134%
Debt€26,770-€93,461▲ 249%
Working capital€15,833-€20,532▲ 29.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000€20,000Operating result 2023: €18,901€18,901Net result 2023: €18,894€18,894Operating result 2024: €16,769€16,769Net result 2024: €14,887€14,88720232024€0€5,000€10,000€15,000€20,000Operating result 2023: €18,901€18,900Net result 2023: €18,894€18,900Operating result 2024: €16,769€16,800Net result 2024: €14,887€14,90020232024
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €142,242
Fixed assets €83,609 ▲ 363%
Current assets €58,633 ▲ 37.6%
Equity and liabilities €142,242
Equity €48,781 ▲ 43.9%
Debt €93,461 ▲ 249%
Debt's share of the balance-sheet total rises from 44.1% to 65.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€44,990▲
2023 · €27,931
Cash flow
€43,108▲
2023 · €27,924
Current ratio
1.54▼
2023 · 1.59
Quick ratio
1.54▼
2023 · 1.59
Debt to equity
1.92▲
2023 · 0.79
ROE
30.5%▼
2023 · 55.7%
ROA
10.5%▼
2023 · 31.1%
Interest coverage
23.91▼
2023 · 3990.14
Debt ≤ 1 year
€38,101▲
2023 · €26,770
Debt > 1 year
€55,360
Staff costs
€141,975▲
2023 · €49,531
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,275 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€60,664€142,242▲
Fixed assets21/28€18,061€83,609▲
Tangible fixed assets22/27€18,061€83,609▲
Plant, machinery and equipment23-€2,182
Furniture and vehicles24€18,061€9,030▼
Leasing and similar rights25-€72,397
Current assets29/58€42,603€58,633▲
Stocks and contracts in progress3€100€100=
Stocks30/36€100€100=
Amounts receivable within one year40/41€22,343€57,755▲
Trade receivables40€18,160€32,855▲
Other amounts receivable41€4,183€24,900▲
Cash at bank and in hand54/58€20,160€778▼
Equity and liabilities
Total equity and liabilities10/49€60,664€142,242▲
Equity10/15€33,894€48,781▲
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14€18,894€33,781▲
Amounts payable17/49€26,770€93,461▲
Amounts payable after more than one year17-€55,360
Financial debts170/4-€55,360
Amounts payable within one year42/48€26,770€38,101▲
Current portion of amounts payable after more than one year42-€11,084
Trade debts44€25,339€2,042▼
Suppliers440/4€25,339€2,042▼
Taxes, remuneration and social security45-€1,099
Remuneration and social security454/9-€1,099
Other amounts payable47/48€1,431€23,876▲
Income statement Code20232024
Remuneration, social security and pensions62€49,531€141,975▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,030€28,221▲
Other operating charges640/8€140€964▲
Non-recurring operating charges66A-€237
Gross operating margin9900€77,602€188,166▲
Operating profit (loss)9901€18,901€16,769▼
Financial charges65/66B€7€1,882▲
Recurring financial charges65€7€1,882▲
Profit (loss) for the period before taxes9903€18,894€14,887▼
Profit (loss) for the period9904€18,894€14,887▼
Profit (loss) for the period to be appropriated9905€18,894€14,887▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,894€33,781▲
Profit (loss) brought forward from the previous period14P-€18,894

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€49,531€141,975▲ 187%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,030€28,221▲ 213%
Other operating charges640/8€140€964▲ 589%
Non-recurring operating charges66A-€237-
Gross operating margin9900€77,602€188,166▲ 142%
Operating profit (loss)9901€18,901€16,769▼ 11.3%
Financial charges65/66B€7€1,882▲ 26,786%
Recurring financial charges65€7€1,882▲ 26,786%
Profit (loss) for the period before taxes9903€18,894€14,887▼ 21.2%
Profit (loss) for the period9904€18,894€14,887▼ 21.2%
Profit (loss) for the period to be appropriated9905€18,894€14,887▼ 21.2%
Line20232024Change
Assets
Total assets20/58€60,664€142,242▲ 134%
Fixed assets21/28€18,061€83,609▲ 363%
Tangible fixed assets22/27€18,061€83,609▲ 363%
Plant, machinery and equipment23-€2,182-
Furniture and vehicles24€18,061€9,030▼ 50.0%
Leasing and similar rights25-€72,397-
Current assets29/58€42,603€58,633▲ 37.6%
Stocks and contracts in progress3€100€100=
Stocks30/36€100€100=
Amounts receivable within one year40/41€22,343€57,755▲ 158%
Trade receivables40€18,160€32,855▲ 80.9%
Other amounts receivable41€4,183€24,900▲ 495%
Cash at bank and in hand54/58€20,160€778▼ 96.1%
Equity and liabilities
Total equity and liabilities10/49€60,664€142,242▲ 134%
Equity10/15€33,894€48,781▲ 43.9%
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14€18,894€33,781▲ 78.8%
Amounts payable17/49€26,770€93,461▲ 249%
Amounts payable after more than one year17-€55,360-
Financial debts170/4-€55,360-
Amounts payable within one year42/48€26,770€38,101▲ 42.3%
Current portion of amounts payable after more than one year42-€11,084-
Trade debts44€25,339€2,042▼ 91.9%
Suppliers440/4€25,339€2,042▼ 91.9%
Taxes, remuneration and social security45-€1,099-
Remuneration and social security454/9-€1,099-
Other amounts payable47/48€1,431€23,876▲ 1,568%
Line20232024Change
Profit (loss) for the period9904€18,894€14,887▼ 21.2%
+ Depreciation and write-downs630€9,030€28,221▲ 213%
Operating cash flow (approximation)€27,924€43,108▲ 54.4%
Investment in fixed assets (approximation)--€93,769-
Change in cash--€19,382-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
12-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Zaventem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
235 m²
Building footprint
75 m²
Volume, LiDAR
442 m³
Parcel 23094A0030/00D005, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KDR26
Vilvoordelaan 132, 1930 ZaventemGeneral construction of buildings
since 20232.341.607.417
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23094A0030/00D005 Flanders 235 m² 1 · 75 m² 9.7 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.

Recognitions · licences · registrations

Recognised contractor

2 categories
KDR26 BV46210
category C1, class 1 · category C5, class 1
decision 28-04-2026

Similar companies · same sector, comparable size

Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,070 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
Founded13-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
42110Construction of roads and motorways
43120Site preparation
43350Other building finishing work
81210General cleaning of buildings
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798401654
Also 9925:BE0798401654
Registered 29-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.