Equity
-€40,916
Debts exceed assets in financial year 2025.
KDSD
Lifetime
3 annual accounts with figures on one time axispeak €21,764 (2023)
-€27,659▼ €13,210
lowest -€36,430 (2025)
-€36,430▼ €15,542
peak €16,401 (2023)
-€40,916▼ €36,430
€67,494▲ 15.1%
Board1 name since 2023
1 directorDUPONT Sven
Documentsfilings and deeds
15-09-202646 days late
2025micro format
Gross margin from -€14,450 to -€27,659Loss of €36,430Equity from -€4,486 to -€40,916Debts from €58,632 to €67,494Cash from €1,629 to €591
Key points
from the 2025 annual accountsLosses
-€57,317 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€67,494 254% of the balance sheet
Financial debts 18%Suppliers 6%Taxes and wages 3%Other 73%
Of this, €53,966 falls due within a year.
Liquidity
0.14 was 0.55 in 2024
Short-term debts fell from €58,632 to €53,966.
Filings
3 annual accounts 2 late
The 2025 accounts came latest: 46 days after the end of the period.
Position in the sector
-153.9%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Turnover not published (micro format)
Checked score
32
Weak
Financially stronger than 3% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 0.9%▼ -0.1 percentage points vs 01-2025lowest value
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.2%▲ +0.1 percentage points vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 3.3%▲ +2.1 percentage points vs 07-2025
09-2025: 3.3%● unchanged vs 08-2025
10-2025: 3.3%● unchanged vs 09-2025
11-2025: 3.2%▼ -0.1 percentage points vs 10-2025
12-2025: 3.2%● unchanged vs 11-2025
01-2026: 2.9%▼ -0.3 percentage points vs 12-2025
02-2026: 4.3%▲ +1.4 percentage points vs 01-2026
03-2026: 4.3%● unchanged vs 02-2026
04-2026: 5.1%▲ +0.8 percentage points vs 03-2026
05-2026: 5.6%▲ +0.5 percentage points vs 04-2026
06-2026: 5.7%▲ +0.1 percentage points vs 05-2026
07-2026: 5.9%▲ +0.2 percentage points vs 06-2026
08-2026: 6.5%▲ +0.6 percentage points vs 07-2026
09-2026: 6.8%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 6.6%▼ -0.2 percentage points vs 09-2026
11-2026: 6.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 46 days late; 1 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Size: total assets €26,578
Figures for financial year 2025 (filed on 15-09-2026)
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 43, micro). It does better than 3% of them on solvency, 3% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as KDSD has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KDSD itself: 6.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 7,639 companies, not a prediction for KDSD. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.14 (0.55 in 2024), below 1. Short-term debt is 203% and cash 2.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€40,916
raises risk · 2025 accounts filed 46 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
46 days late
2024
12 days early
2023
1 day late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 12 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 2 August (3 of the last 3 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Huldenberg to Leefdaal
New registered office: Kruisstraat 50, 3061 Leefdaal · Previous registered office: Leuvensebaan 310, 3040 Huldenberg · General meeting of 01-02-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800832988
Incorporation
Founding capital of €2,500, 100 shares · Appointment: DUPONT Sven (director) · Capital of €2,500, 100 shares · published on 19-04-2023 · Gazette deed
First establishment
Leuvensebaan 310, Huldenberg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KDSD Bertem | €26,578 | -€27,659 | -153.9% | - |
| Hln & Co Meise | €25,722 | -€5,433 | 32.4% | - |
| NJS COMFORT Sint-Genesius-Rode | €23,610 | -€12,911 | 48.8% | - |
| Las- en Konstruktiebedrijf Niekamp Belgium Antwerp | €27,212 | -€5,047 | -848.4% | - |
| MB REPAIR Sint-Genesius-Rode | €32,571 | -€14,152 | -90.0% | - |
| GIES TECHNICS Alken | €33,140 | -€32,363 | -53.0% | - |
| Loodgieter Scheerlinck Lede | €20,591 | -€802 | 60.6% | - |
These companies have the same main activity as KDSD: plumbing work (NACE 43221). They are comparable in size and age: total assets between €20,600 and €33,100, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 17-04-2023Normal situation
- Activity
- Plumbing workNACE 43221and 5 others
- Establishment unit
- 2.344.309.8563040 Huldenberg, since 17-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on KDSD
KDSD files the micro format. That format states no turnover. The gross margin fell from €21,764 in 2023 to -€27,659 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KDSD
- What is the company number of KDSD?
- The company number of KDSD is 0800.832.988. The VAT number is the same number with BE in front: BE 0800.832.988.
- Where is KDSD based?
- The registered office is at Kruisstraat 50, 3061 Bertem.Company details
- What does KDSD do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of KDSD?
- KDSD is a private limited company (BV).
- When was KDSD founded?
- KDSD was founded on 17-04-2023.
- Is KDSD still active?
- Yes, KDSD is an active enterprise in the KBO register.
- What is the turnover of KDSD?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is KDSD profitable?
- In financial year 2025, KDSD made a loss of €36,430.
- Where can I find the annual accounts of KDSD?
- KDSD filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KDSD due?
- KDSD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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