KDS Concept

Active

Private limited companyfounded 20224 yrs activeL'Olivierstraat 52, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0787.635.743

The computed 12-month bankruptcy probability of KDS Concept is 3.2% (moderate). The 2025 annual accounts show equity of €5k and a net result of €18k. Equity is shrinking by ~47.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 4060 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

45 / 100

Fair▼ -41 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency7▼-45

Growth32▼-46

Stability94

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.79 against 1.32 in 2024), and 99.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

0.6%

Return on assets

2.4%

Age of the figures

11 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 4060 sector peers (2025).

NBB · sector comparison

Position among 4060 sector peers

Solvency

better than 12%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

1 d early

2024

on the day

2023

25 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

07-09-2026 today30-09-2026 close30-04-2027 deadline

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

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€18k▼ 84.5%

2024 · €119k

2023: €104k 2024: €119k

2023 → 2025

Working capital

€-125k

2024 · €111k

2023: €17k 2024: €111k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€109k-€227k▲ 110%€5k▼ 97.8%

Operating result€119k-€157k▲ 31.6%€48k▼ 69.6%

Net result€104k-€119k▲ 14.8%€18k▼ 84.5%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 70% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €783k

38.4%

61.6%

Fixed assets €301k▼ 10.0%

Current assets €482k▲ 6.1%

Equity and liabilities €783k

99.4%

Equity €5k▼ 97.8%

Debt €778k▲ 38.6%

The debt ratio rises from 71.2% to 99.4%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€92k▼

2024 · €200k

Cash flow

€63k▼

2024 · €162k

Solvency

0.6%▼

2024 · 28.8%

Current ratio

0.79▼

2024 · 1.32

Quick ratio

0.66▼

2024 · 1.09

Debt / equity

155.59▲

2024 · 2.47

ROE

369.7%▲

2024 · 52.3%

ROA

2.4%▼

2024 · 15.1%

Interest coverage

3.69▼

2024 · 9.11

Debt

€778k▲

2024 · €561k

Debt ≤ 1 year

€608k▲

2024 · €344k

Debt > 1 year

€164k▼

2024 · €217k

Income taxes

€5k▼

2024 · €16k

Staff costs

€353k▼

2024 · €368k

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€789k€783k▼

Fixed assets21/28€334k€301k▼

Tangible fixed assets22/27€323k€290k▼

Plant, machinery and equipment23€321k€287k▼

Furniture and vehicles24€2k€2k▼

Financial fixed assets28€11k€11k=

Current assets29/58€455k€482k▲

Stocks and contracts in progress3€80k€79k▼

Stocks30/36€80k€79k▼

Amounts receivable within one year40/41-€11k

Other amounts receivable41-€11k

Cash at bank and in hand54/58€368k€385k▲

Deferred charges and accrued income490/1€7k€7k▲

Equity and liabilities

Total equity and liabilities10/49€789k€783k▼

Equity10/15€227k€5k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€222k-

Amounts payable17/49€561k€778k▲

Amounts payable after more than one year17€217k€164k▼

Financial debts170/4€217k€164k▼

Amounts payable within one year42/48€344k€608k▲

Current portion of amounts payable after more than one year42€47k€53k▲

Trade debts44€218k€235k▲

Suppliers440/4€218k€235k▲

Taxes, remuneration and social security45€75k€112k▲

Taxes450/3€19k€41k▲

Remuneration and social security454/9€56k€71k▲

Other amounts payable47/48€3k€209k▲

Accrued charges and deferred income492/3€377€6k▲

Income statement Code20242025

Remuneration, social security and pensions62€368k€353k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€44k▲

Other operating charges640/8€2k€2k▲

Non-recurring operating charges66A€5-

Gross operating margin9900€570k€448k▼

Operating profit (loss)9901€157k€48k▼

Financial income75/76B€175€339▲

Recurring financial income75€175€339▲

Financial charges65/66B€22k€25k▲

Recurring financial charges65€22k€25k▲

Profit (loss) for the period before taxes9903€135k€23k▼

Income taxes67/77€16k€5k▼

Profit (loss) for the period9904€119k€18k▼

Profit (loss) for the period to be appropriated9905€119k€18k▼

Appropriation of the result

Profit (loss) to be appropriated9906€222k€241k▲

Profit (loss) brought forward from the previous period14P€104k€222k▲

Profit to be distributed694/7-€241k

Return on contributions (dividend)694-€241k

Social balance

Average headcount (FTE)908713.5-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 3Filings 3

Next filing, fiscal year 2026, expected by 30-04-2027

2026

29-04

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

30-09

Financial Weakest financial yearnet €18k ▼84.5%

Net result drops to €18k, the lowest in the series.

30-04

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

30-09

Financial Highest result since 2023net €119k ▲14.8%

Operating result €157k, net result €119k, both a record.

30-09

Financial Equity above €200kEq €227k ▲110%

2 profitable years in a row build equity to €227k.

05-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

no sitting director, last change in 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-12-2022 Resigned as Director

Not every act has been read: a resignation may be missing here

2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Schaarbeek · 1 establishment unit since 2022

exact location from the address register On OpenStreetMap

Ground area

1,636 m²

Building footprint

984 m²

Volume, LiDAR

9,791 m³

2 parcels, Brussels · tallest building 23.8 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

KDS Concept