KDS GENT
ActiveSummary
The computed 12-month bankruptcy probability of KDS GENT is 1.8% (moderate). The 2024 annual accounts show equity of €180,192 and a net result of €76,356. Equity is growing by ~23% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+6
Solvency74▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 4.27 in 2023; short-term debt: 24.2% and cash: 6.7% of total assets), but 51.4% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
29 d late
2023
1 d late
2022
122 d late
2021
92 d late
2020
87 d late
2019
123 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 60 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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. Usually files around 29 August (4 of the last 5 filed years within 63 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€180,192▼ 2.9%
2023 · €185,588
Total assets
€370,838▲ 2.9%
2023 · €360,253
Net result
€76,356▲ 34.5%
2023 · €56,756
Working capital
€54,648▼ 66.7%
2023 · €163,906
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€26,615▼ 43.0%€107,108▲ 302%€68,088▼ 36.4%€76,409▲ 12.2%€106,752▲ 39.7%
Net result€18,997above the sector's middle half▼ 40.7%€90,535above the sector's middle half▲ 377%€51,087above the sector's middle half▼ 43.6%€56,756above the sector's middle half▲ 11.1%€76,356above the sector's middle half▲ 34.5%
Equity€101,626above the sector's middle half▲ 23.0%€192,161above the sector's middle half▲ 89.1%€243,248above the sector's middle half▲ 26.6%€185,588above the sector's middle half▼ 23.7%€180,192above the sector's middle half▼ 2.9%
Total assets€225,572above the sector's middle half▲ 1.4%€317,299above the sector's middle half▲ 40.7%€442,409above the sector's middle half▲ 39.4%€360,253above the sector's middle half▼ 18.6%€370,838above the sector's middle half▲ 2.9%
Debt€123,946▼ 11.3%€125,138▲ 1.0%€199,161▲ 59.2%€174,665▼ 12.3%€190,646▲ 9.1%
Working capital€106,981above the sector's middle half▲ 109%€160,539above the sector's middle half▲ 50.1%€208,462above the sector's middle half▲ 29.9%€163,906above the sector's middle half▼ 21.4%€54,648above the sector's middle half▼ 66.7%
Solvency45.1%within the sector's middle half▲ 7.9pp60.6%above the sector's middle half▲ 15.5pp55.0%within the sector's middle half▼ 5.6pp51.5%within the sector's middle half▼ 3.5pp48.6%within the sector's middle half▼ 2.9pp
Current ratio3.54above the sector's middle half▲ 1.563.98above the sector's middle half▲ 0.454.70above the sector's middle half▲ 0.724.27above the sector's middle half▼ 0.431.61within the sector's middle half▼ 2.66
Return on assets (ROA)8.4%within the sector's middle half▼ 6.0pp28.5%above the sector's middle half▲ 20.1pp11.5%within the sector's middle half▼ 17.0pp15.8%above the sector's middle half▲ 4.2pp20.6%above the sector's middle half▲ 4.8pp
Staff (FTE)3.2within the sector's middle half▼ 8.6%3.2=3.5▲ 9.4%4.4▲ 25.7%4▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 40% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €370,838
Fixed assets
€226,336 ▲ 54.7%
Current assets
€144,502 ▼ 32.5%
Equity and liabilities €370,838
Equity
€180,192 ▼ 2.9%
Debt
€190,646 ▲ 9.1%
Debt's share of the balance-sheet total rises from 48.5% to 51.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€133,545▲
2023 · €110,110
Cash flow
€103,149▲
2023 · €90,457
Quick ratio
1.42▼
2023 · 4.11
Debt to equity
1.06▲
2023 · 0.94
ROE
42.4%▲
2023 · 30.6%
Interest coverage
39.88▲
2023 · 39.82
Debt ≤ 1 year
€89,854▲
2023 · €50,085
Debt > 1 year
€100,793▼
2023 · €124,580
Income taxes
€27,625▲
2023 · €18,562
Staff costs
€146,164▲
2023 · €137,833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €85,908 | €152,815 | €137,833 | €146,164 | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,401 | €41,683 | €34,287 | €33,701 | €26,793 | ▼ 20.5% |
| Other operating charges640/8 | - | €3,282 | €2,691 | €3,500 | €1,737 | ▼ 50.4% |
| Gross operating margin9900 | €157,868 | €237,981 | €257,881 | €251,443 | €281,445 | ▲ 11.9% |
| Operating profit (loss)9901 | €26,615 | €107,108 | €68,088 | €76,409 | €106,752 | ▲ 39.7% |
| Financial income75/76B | - | €1,250 | €2,160 | €1,674 | €579 | ▼ 65.4% |
| Recurring financial income75 | - | €1,250 | €2,160 | €1,674 | €579 | ▼ 65.4% |
| Financial charges65/66B | - | €2,341 | €4,032 | €2,765 | €3,349 | ▲ 21.1% |
| Recurring financial charges65 | €1,955 | €2,341 | €4,032 | €2,765 | €3,349 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €24,660 | €106,017 | €66,216 | €75,318 | €103,982 | ▲ 38.1% |
| Income taxes67/77 | €5,663 | €15,482 | €15,129 | €18,562 | €27,625 | ▲ 48.8% |
| Profit (loss) for the period9904 | €18,997 | €90,535 | €51,087 | €56,756 | €76,356 | ▲ 34.5% |
| Profit (loss) for the period to be appropriated9905 | €18,997 | €90,535 | €51,087 | €56,756 | €76,356 | ▲ 34.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,572 | €317,299 | €442,409 | €360,253 | €370,838 | ▲ 2.9% |
| Fixed assets21/28 | €76,410 | €102,943 | €177,663 | €146,262 | €226,336 | ▲ 54.7% |
| Intangible fixed assets21 | €23,000 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €53,410 | €102,943 | €177,663 | €146,262 | €226,336 | ▲ 54.7% |
| Land and buildings22 | - | - | - | - | €3,158 | - |
| Plant, machinery and equipment23 | - | €54,473 | €124,299 | €106,905 | €91,506 | ▼ 14.4% |
| Furniture and vehicles24 | - | €29,763 | €18,762 | €9,950 | €33,976 | ▲ 241% |
| Other tangible fixed assets26 | - | €18,707 | €34,602 | €29,407 | €97,696 | ▲ 232% |
| Current assets29/58 | €149,162 | €214,356 | €264,746 | €213,991 | €144,502 | ▼ 32.5% |
| Amounts receivable after more than one year29 | - | €50,000 | €50,000 | - | - | - |
| Trade receivables290 | - | €50,000 | €50,000 | - | - | - |
| Stocks and contracts in progress3 | €4,986 | €6,260 | €9,425 | €8,190 | €16,772 | ▲ 105% |
| Stocks30/36 | - | €6,260 | €9,425 | €8,190 | €16,772 | ▲ 105% |
| Amounts receivable within one year40/41 | €24,209 | €42,068 | €44,966 | €28,717 | €17,107 | ▼ 40.4% |
| Trade receivables40 | - | €12,012 | €10,964 | €9,041 | €10,870 | ▲ 20.2% |
| Other amounts receivable41 | - | €30,056 | €34,002 | €19,676 | €6,237 | ▼ 68.3% |
| Current investments50/53 | - | - | - | €100,000 | €85,000 | ▼ 15.0% |
| Cash at bank and in hand54/58 | €66,208 | €113,263 | €157,661 | €75,627 | €24,831 | ▼ 67.2% |
| Deferred charges and accrued income490/1 | - | €2,765 | €2,694 | €1,457 | €791 | ▼ 45.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,572 | €317,299 | €442,409 | €360,253 | €370,838 | ▲ 2.9% |
| Equity10/15 | €101,626 | €192,161 | €243,248 | €185,588 | €180,192 | ▼ 2.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €20,460 | ▲ 10.0% |
| Reserves13 | €95,426 | €185,961 | €237,048 | €166,988 | €159,732 | ▼ 4.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €184,101 | €235,188 | €166,988 | €159,732 | ▼ 4.3% |
| Amounts payable17/49 | €123,946 | €125,138 | €199,161 | €174,665 | €190,646 | ▲ 9.1% |
| Amounts payable after more than one year17 | €78,165 | €71,321 | €142,877 | €124,580 | €100,793 | ▼ 19.1% |
| Financial debts170/4 | - | €71,321 | €142,877 | €124,580 | €100,793 | ▼ 19.1% |
| Amounts payable within one year42/48 | €42,181 | €53,817 | €56,284 | €50,085 | €89,854 | ▲ 79.4% |
| Current portion of amounts payable after more than one year42 | - | €17,862 | €31,461 | €31,916 | €30,135 | ▼ 5.6% |
| Trade debts44 | €13,805 | €24,257 | €13,873 | €16,166 | €14,692 | ▼ 9.1% |
| Suppliers440/4 | - | €24,257 | €13,873 | €16,166 | €14,692 | ▼ 9.1% |
| Taxes, remuneration and social security45 | - | €11,698 | €10,950 | €2,003 | €5,470 | ▲ 173% |
| Taxes450/3 | - | €4,694 | €3,175 | €2,003 | €5,470 | ▲ 173% |
| Remuneration and social security454/9 | - | €7,004 | €7,775 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €39,557 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,997 | €90,535 | €51,087 | €56,756 | €76,356 | ▲ 34.5% |
| + Depreciation and write-downs630 | €62,401 | €41,683 | €34,287 | €33,701 | €26,793 | ▼ 20.5% |
| Operating cash flow (approximation) | €81,398 | €132,218 | €85,374 | €90,457 | €103,149 | ▲ 14.0% |
| Investment in fixed assets (approximation) | - | -€68,216 | -€109,007 | -€2,300 | -€106,867 | ▼ 4,546% |
| Change in cash | - | €47,055 | €44,398 | -€82,034 | -€50,796 | ▲ 38.1% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
31-12
Financial
Equity above €200,000Eq €243,248 ▲26.6%
5 profitable years in a row build equity to €243,248.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Highest result since 2018net €90,535 ▲377%
Operating result €107,108, net result €90,535, both a record.
31-12
Financial
Equity above €150,000Eq €192,161 ▲89.1%
4 profitable years in a row build equity to €192,161.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Equity above €100,000Eq €101,626 ▲23%
3 profitable years in a row build equity to €101,626.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.97
Current ratio from 0.77 to 1.97; short-term debt falls from €78,229 to €52,553.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2016
Ground area
340 m²
Building footprint
283 m²
Volume, LiDAR
2,714 m³
2 parcels, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KDS GENT
since 20162.261.913.504
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A0764/00D000 | Flanders | 198 m² | 1 · 161 m² | 12.1 m · 3 fl. |
| 44021A0761/00_000 | Flanders | 142 m² | 1 · 121 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 4,395 EUR awarded · 4,395 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 2 | 2,395 EUR | 2,395 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.261.913.504
Dual-learning approval
5 live approvalsKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Restaurant en keuken duaal (so)
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Of 20,500 companies in this sector we hold annual accounts for 11,468. 8,771 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded20-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667908643
Also
9925:BE0667908643
Registered
29-02-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.