KDW
ActiveSummary
KDW has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,080 and a net result of €1,400. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+4
Solvency46▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.9 in 2024; short-term debt: 78.8% and cash: 17.5% of total assets), and 78.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.2%
Return on assets
0.2%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-05-2026, 5 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
5 d late
2024
on the day
2023
on the day
2022
30 d late
2021
1 d early
2020
on the day
2019
on the day
← 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 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 1 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€146,080▲ 1.0%
2024 · €144,681
Total assets
€690,249▲ 6.2%
2024 · €650,053
Net result
€1,400▼ 40.0%
2024 · €2,335
Working capital
-€39,751▲ 21.4%
2024 · -€50,548
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€58,829▲ 308%€14,298▼ 75.7%€11,372▼ 20.5%€29,343▲ 158%€14,551▼ 50.4%
Net result€56,008above the sector's middle half▲ 327%€8,092within the sector's middle half▼ 85.6%€4,868within the sector's middle half▼ 39.8%€2,335within the sector's middle half▼ 52.0%€1,400within the sector's middle half▼ 40.0%
Equity€129,386above the sector's middle half▲ 76.3%€137,478above the sector's middle half▲ 6.3%€142,346above the sector's middle half▲ 3.5%€144,681above the sector's middle half▲ 1.6%€146,080above the sector's middle half▲ 1.0%
Total assets€301,830within the sector's middle half▲ 149%€434,280above the sector's middle half▲ 43.9%€536,619above the sector's middle half▲ 23.6%€650,053above the sector's middle half▲ 21.1%€690,249above the sector's middle half▲ 6.2%
Debt€172,444▲ 261%€296,802▲ 72.1%€394,273▲ 32.8%€505,372▲ 28.2%€544,169▲ 7.7%
Working capital€87,251above the sector's middle half▲ 22.9%€110,285above the sector's middle half▲ 26.4%€74,493within the sector's middle half▼ 32.5%-€50,548below the sector's middle half-€39,751below the sector's middle half▲ 21.4%
Solvency42.9%within the sector's middle half▼ 17.7pp31.7%within the sector's middle half▼ 11.2pp26.5%within the sector's middle half▼ 5.1pp22.3%within the sector's middle half▼ 4.3pp21.2%within the sector's middle half▼ 1.1pp
Current ratio1.51within the sector's middle half▼ 0.981.37within the sector's middle half▼ 0.131.19within the sector's middle half▼ 0.180.90within the sector's middle half▼ 0.290.93within the sector's middle half▲ 0.03
Return on assets (ROA)18.6%above the sector's middle half▲ 7.7pp1.9%within the sector's middle half▼ 16.7pp0.9%within the sector's middle half▼ 1.0pp0.4%within the sector's middle half▼ 0.5pp0.2%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €690,249
Fixed assets
€185,832 ▼ 4.8%
Current assets
€504,418 ▲ 10.9%
Equity and liabilities €690,249
Equity
€146,080 ▲ 1.0%
Debt
€544,169 ▲ 7.7%
Debt's share of the balance-sheet total rises from 77.7% to 78.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,949▼
2024 · €38,085
Cash flow
€10,797▼
2024 · €11,077
Quick ratio
0.30▲
2024 · 0.21
Debt to equity
3.73▲
2024 · 3.49
ROE
1.0%▼
2024 · 1.6%
Interest coverage
2.06▲
2024 · 1.55
Debt ≤ 1 year
€544,169▲
2024 · €505,372
Income taxes
€1,512▼
2024 · €2,415
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,338 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% | 1.9% |
| 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 2,372 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,943 | €14,943 | €14,943 | €8,742 | €9,397 | ▲ 7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €14,242 | - | - |
| Other operating charges640/8 | €2,536 | €2,651 | €2,941 | €3,765 | €3,995 | ▲ 6.1% |
| Gross operating margin9900 | €76,308 | €31,892 | €29,256 | €56,092 | €27,944 | ▼ 50.2% |
| Operating profit (loss)9901 | €58,829 | €14,298 | €11,372 | €29,343 | €14,551 | ▼ 50.4% |
| Financial charges65/66B | €80 | €2,950 | €2,976 | €24,593 | €11,640 | ▼ 52.7% |
| Recurring financial charges65 | €80 | €2,950 | €2,976 | €24,593 | €11,640 | ▼ 52.7% |
| Profit (loss) for the period before taxes9903 | €58,749 | €11,348 | €8,395 | €4,750 | €2,912 | ▼ 38.7% |
| Income taxes67/77 | €2,741 | €3,256 | €3,527 | €2,415 | €1,512 | ▼ 37.4% |
| Profit (loss) for the period9904 | €56,008 | €8,092 | €4,868 | €2,335 | €1,400 | ▼ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €56,008 | €8,092 | €4,868 | €2,335 | €1,400 | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €301,830 | €434,280 | €536,619 | €650,053 | €690,249 | ▲ 6.2% |
| Fixed assets21/28 | €42,135 | €27,192 | €67,853 | €195,229 | €185,832 | ▼ 4.8% |
| Tangible fixed assets22/27 | €42,135 | €27,192 | €67,853 | €195,229 | €185,832 | ▼ 4.8% |
| Plant, machinery and equipment23 | €17,342 | €14,796 | €67,853 | €73,428 | €64,686 | ▼ 11.9% |
| Furniture and vehicles24 | €24,793 | €12,396 | - | €121,801 | €121,145 | ▼ 0.5% |
| Current assets29/58 | €259,695 | €407,087 | €468,766 | €454,824 | €504,418 | ▲ 10.9% |
| Stocks and contracts in progress3 | €67,697 | €277,225 | €363,950 | €348,152 | €343,457 | ▼ 1.3% |
| Stocks30/36 | €67,697 | €277,225 | €363,950 | €348,152 | €343,457 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €17,929 | €32,194 | €23,714 | €76,401 | €40,139 | ▼ 47.5% |
| Trade receivables40 | €2,233 | €9,878 | €2,411 | €28,416 | €872 | ▼ 96.9% |
| Other amounts receivable41 | €15,697 | €22,316 | €21,303 | €47,985 | €39,267 | ▼ 18.2% |
| Cash at bank and in hand54/58 | €174,068 | €97,669 | €81,102 | €30,271 | €120,822 | ▲ 299% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €301,830 | €434,280 | €536,619 | €650,053 | €690,249 | ▲ 6.2% |
| Equity10/15 | €129,386 | €137,478 | €142,346 | €144,681 | €146,080 | ▲ 1.0% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Outside capital11 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Other1109/19 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Non-distributable reserves130/1 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves not available under the articles1311 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €63,386 | €71,478 | €76,346 | €78,681 | €80,080 | ▲ 1.8% |
| Amounts payable17/49 | €172,444 | €296,802 | €394,273 | €505,372 | €544,169 | ▲ 7.7% |
| Amounts payable within one year42/48 | €172,444 | €296,802 | €394,273 | €505,372 | €544,169 | ▲ 7.7% |
| Trade debts44 | €45,000 | €1,017 | €2,391 | €4,754 | €309 | ▼ 93.5% |
| Suppliers440/4 | €45,000 | €1,017 | €2,391 | €4,754 | €309 | ▼ 93.5% |
| Taxes, remuneration and social security45 | €2,948 | €3,464 | €3,734 | €2,622 | €1,719 | ▼ 34.4% |
| Taxes450/3 | €2,948 | €3,464 | €3,734 | €2,622 | €1,719 | ▼ 34.4% |
| Other amounts payable47/48 | €124,496 | €292,322 | €388,148 | €497,996 | €542,141 | ▲ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,008 | €8,092 | €4,868 | €2,335 | €1,400 | ▼ 40.0% |
| + Depreciation and write-downs630 | €14,943 | €14,943 | €14,943 | €8,742 | €9,397 | ▲ 7.5% |
| Operating cash flow (approximation) | €70,951 | €23,035 | €19,811 | €11,077 | €10,797 | ▼ 2.5% |
| Investment in fixed assets (approximation) | - | €0 | -€55,604 | -€136,117 | €0 | ▲ 100% |
| Change in cash | - | -€76,400 | -€16,567 | -€50,831 | €90,550 | ▲ 278% |
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
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2019net €56,008 ▲327%
Operating result €58,829, net result €56,008, both a record.
30-09
Financial
Equity above €100,000Eq €129,386 ▲76.3%
3 profitable years in a row build equity to €129,386.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
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, Roosdaal · 2 establishment units since 2017
Ground area
1,458 m²
Building footprint
364 m²
Volume, LiDAR
563 m³
2 parcels, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
KDW
since 20172.264.544.776
Dokter Roosensstraat 8, 1760 Roosdaal
since 20222.336.198.973
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23097A0074/00C000 | Flanders | 935 m² | 1 · 227 m² | - |
| 23097C0530/00H011 | Flanders | 523 m² | 1 · 137 m² | 5.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 3,414 EUR awarded · 3,414 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2024 | 1 | 1,414 EUR | 1,414 EUR |
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Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,709 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded27-04-2017
Fiscal year end30-09
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674892247
Also
9925:BE0674892247
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.