KDW-services
ActiveKDW-services has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €-2k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 32% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency67▲+8
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.29 in 2024), but 69.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
30.8%
Return on assets
-3.7%
Age of the figures
8 mo
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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 3 filingsDeviation from the deadline
2025
24 d late
2024
24 d early
2023
34 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 10.6%
2024 · €17k
2023: €13k
2024: €17k
2023 → 2025
Total assets
€48k▼ 2.2%
2024 · €49k
2023: €33k
2024: €49k
2023 → 2025
Net result
€-2k
2024 · €11k
2023: €6k
2024: €11k
2023 → 2025
Working capital
€10k▲ 43.2%
2024 · €7k
2023: €4k
2024: €7k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€13k-€17k▲ 24.4%€15k▼ 10.6%
Operating result€8k-€15k▲ 94.4%€-85
Net result€6k-€11k▲ 87.7%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €85 after €15k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€25k▲ 50.2%
Current assets
€23k▼ 29.0%
Equity and liabilities €48k
Equity
€15k▼ 10.6%
Debt
€33k▲ 2.1%
The debt ratio rises from 66.3% to 69.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€4k▼
2024 · €24k
Cash flow
€2k▼
2024 · €20k
Solvency
30.8%▼
2024 · 33.7%
Current ratio
1.82▲
2024 · 1.29
Quick ratio
1.52▲
2024 · 1.20
Debt / equity
2.25▲
2024 · 1.97
ROE
-11.9%▼
2024 · 67.9%
ROA
-3.7%▼
2024 · 22.9%
Interest coverage
2.45▼
2024 · 20.54
Debt
€33k▲
2024 · €33k
Debt ≤ 1 year
€13k▼
2024 · €25k
Debt > 1 year
€21k▲
2024 · €7k
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€49k€48k▼
Fixed assets21/28€17k€25k▲
Tangible fixed assets22/27€17k€25k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€12k€22k▲
Current assets29/58€33k€23k▼
Stocks and contracts in progress3€2k€4k▲
Stocks30/36€61€61=
Contracts in progress37€2k€4k▲
Amounts receivable within one year40/41€17k€18k▲
Trade receivables40€8k€18k▲
Other amounts receivable41€8k€27▼
Cash at bank and in hand54/58€12k€358▼
Deferred charges and accrued income490/1€2k€916▼
Equity and liabilities
Total equity and liabilities10/49€49k€48k▼
Equity10/15€17k€15k▼
Contributions10/11€100€100=
Reserves13€10€10=
Distributable reserves133€10€10=
Profit (loss) carried forward14€16k€15k▼
Amounts payable17/49€33k€33k▲
Amounts payable after more than one year17€7k€21k▲
Financial debts170/4€7k€21k▲
Amounts payable within one year42/48€25k€13k▼
Current portion of amounts payable after more than one year42€4k€8k▲
Trade debts44€9k€2k▼
Suppliers440/4€9k€2k▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€6k€3k▼
Other amounts payable47/48€7k€513▼
Income statement
Code20242025
Non-recurring operating income76A€7k€853▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€4k▼
Other operating charges640/8€575€378▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€24k€7k▼
Operating profit (loss)9901€15k€-85▼
Financial income75/76B€285-
Recurring financial income75€285-
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€14k€-2k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€11k€-2k▼
Profit (loss) for the period to be appropriated9905€11k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€15k▼
Profit (loss) brought forward from the previous period14P€13k€16k▲
Profit to be distributed694/7€8k-
Return on contributions (dividend)694€8k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-2k ▼116%
Net result drops to €-2k, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €11k ▲87.7%
Operating result €15k, net result €11k, both a record.
27-06
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.
Directors · office · real estate
Directors
5 acts for this company are 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, Aalst · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Klaverstraat 69300 AalstGround area
199 m²
Building footprint
87 m²
Volume, LiDAR
597 m³
Parcel 41303D0600/00B003, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KDW-Stuc
since 20182.276.115.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0600/00B003 | Flanders | 199 m² | 1 · 86 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Arsituile JGM Toitures
BE 0735.940.384
Verviers · Eq €15k
WIOT PUR
BE 0843.541.791
Thimister-Clermont · Eq €15k
MUDARO
BE 0704.582.264
Dilsen-Stokkem · Eq €14k
CCO CONCEPT
BE 0670.535.759
Soignies · Eq €16k
FK Construction
BE 0762.943.206
Oud-Turnhout · Eq €14k
Of 748 companies in sector 43422 we hold annual accounts for 422. 258 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-05-2018
Fiscal year end31-12
Activities, NACEBEL
43422Screed work
25110Manufacture of metal structures and parts of structures
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.