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KDW Services

Active
Private limited companyfounded 20242 yrs activeBeekstraat 10, 9971 Kaprijke, BelgiumKBO/BCE: BE 1006.365.102
Summary

KDW Services has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,594 and a net result of €15,392. Its solvency ranks better than 38% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability88▼-12
Solvency66▼-10
Growth78
Track record82
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 2.05 in 2024; short-term debt: 58.9% and cash: 0.1% of total assets), but 58.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · 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
41.1%
Return on assets
20%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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 · 2 filings
Deviation from the deadline
2025
38 d late
2024
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 23 February 2024, KDW Services was incorporated as a Private limited company.1 In 2026 the registered office moved to Kaprijke.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 20-03-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€31,594▲ 95.0%
2024 · €16,202
Total assets
€76,928▲ 143%
2024 · €31,631
Net result
€15,392▲ 16.6%
2024 · €13,202
Working capital
€31,594▲ 95.0%
2024 · €16,202
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 70, Activities of head offices; management consultancy 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).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€19,386-€22,448▲ 15.8%
Net result€13,202within the sector's middle half-€15,392within the sector's middle half▲ 16.6%
Equity€16,202below the sector's middle half-€31,594within the sector's middle half▲ 95.0%
Total assets€31,631below the sector's middle half-€76,928below the sector's middle half▲ 143%
Debt€15,428-€45,335▲ 194%
Working capital€16,202within the sector's middle half-€31,594within the sector's middle half▲ 95.0%
Solvency51.2%within the sector's middle half-41.1%within the sector's middle half▼ 10.2pp
Current ratio2.05within the sector's middle half-1.70within the sector's middle half▼ 0.35
Return on assets (ROA)41.7%above the sector's middle half-20.0%within the sector's middle half▼ 21.7pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
€0€10,000€20,000Operating result 2024: €19,386€19,386Net result 2024: €13,202€13,202Operating result 2025: €22,448€22,448Net result 2025: €15,392€15,39220242025€0€10,000€20,000Operating result 2024: €19,386€19,400Net result 2024: €13,202€13,200Operating result 2025: €22,448€22,400Net result 2025: €15,392€15,40020242025
The operating result rises in 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €76,928
Equity €31,594 ▲ 95.0%
Debt €45,335 ▲ 194%
Debt's share of the balance-sheet total rises from 48.8% to 58.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
1.43▲
2024 · 0.95
ROE
48.7%▼
2024 · 81.5%
Debt ≤ 1 year
€45,335▲
2024 · €15,428
Income taxes
€4,143▲
2024 · €4,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% 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 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€31,631€76,928▲
Current assets29/58€31,631€76,928▲
Amounts receivable within one year40/41€28,443€75,026▲
Trade receivables40-€18,933
Other amounts receivable41€28,443€56,094▲
Cash at bank and in hand54/58€451€50▼
Deferred charges and accrued income490/1€2,737€1,852▼
Equity and liabilities
Total equity and liabilities10/49€31,631€76,928▲
Equity10/15€16,202€31,594▲
Contributions10/11€3,000€3,000=
Reserves13€13,202€13,202=
Distributable reserves133€13,202€13,202=
Profit (loss) carried forward14-€15,392
Amounts payable17/49€15,428€45,335▲
Amounts payable within one year42/48€15,428€45,335▲
Trade debts44€6,568€6,671▲
Suppliers440/4€6,568€6,671▲
Advances received on contracts in progress46-€22,908
Taxes, remuneration and social security45€8,861€15,755▲
Taxes450/3€8,861€15,755▲
Income statement Code20242025
Other operating charges640/8€1,810€989▼
Gross operating margin9900€21,196€23,437▲
Operating profit (loss)9901€19,386€22,448▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€2,137€2,915▲
Recurring financial charges65€2,137€2,915▲
Profit (loss) for the period before taxes9903€17,249€19,535▲
Income taxes67/77€4,047€4,143▲
Profit (loss) for the period9904€13,202€15,392▲
Profit (loss) for the period to be appropriated9905€13,202€15,392▲
Appropriation of the result
Profit (loss) to be appropriated9906€13,202€15,392▲
Transfer to equity691/2€13,202€0▼
To other reserves6921€13,202€0▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€1,810€989▼ 45.3%
Gross operating margin9900€21,196€23,437▲ 10.6%
Operating profit (loss)9901€19,386€22,448▲ 15.8%
Financial income75/76B€0€2▲ 614%
Recurring financial income75€0€2▲ 614%
Financial charges65/66B€2,137€2,915▲ 36.4%
Recurring financial charges65€2,137€2,915▲ 36.4%
Profit (loss) for the period before taxes9903€17,249€19,535▲ 13.3%
Income taxes67/77€4,047€4,143▲ 2.4%
Profit (loss) for the period9904€13,202€15,392▲ 16.6%
Profit (loss) for the period to be appropriated9905€13,202€15,392▲ 16.6%
Line20242025Change
Assets
Total assets20/58€31,631€76,928▲ 143%
Current assets29/58€31,631€76,928▲ 143%
Amounts receivable within one year40/41€28,443€75,026▲ 164%
Trade receivables40-€18,933-
Other amounts receivable41€28,443€56,094▲ 97.2%
Cash at bank and in hand54/58€451€50▼ 89.0%
Deferred charges and accrued income490/1€2,737€1,852▼ 32.3%
Equity and liabilities
Total equity and liabilities10/49€31,631€76,928▲ 143%
Equity10/15€16,202€31,594▲ 95.0%
Contributions10/11€3,000€3,000=
Reserves13€13,202€13,202=
Distributable reserves133€13,202€13,202=
Profit (loss) carried forward14-€15,392-
Amounts payable17/49€15,428€45,335▲ 194%
Amounts payable within one year42/48€15,428€45,335▲ 194%
Trade debts44€6,568€6,671▲ 1.6%
Suppliers440/4€6,568€6,671▲ 1.6%
Advances received on contracts in progress46-€22,908-
Taxes, remuneration and social security45€8,861€15,755▲ 77.8%
Taxes450/3€8,861€15,755▲ 77.8%
Line20242025Change
Profit (loss) for the period9904€13,202€15,392▲ 16.6%
Operating cash flow (approximation)€13,202€15,392▲ 16.6%
Change in cash--€401-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
20-03
State Gazette act Registered office
Registered-office move · Power of attorney3 facts ▸
  • Board meeting, 11/03/2026
  • Registered-office move, Beekstraat 10, 9970 Kaprijke
  • Power of attorney, BV Balan'z
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
State Gazette actNBB filing
1 of 1 act read

Directors · office · real estate

Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kaprijke · 1 establishment unit since 2024
seat establishment approximate The establishment unit on the map
Ground area
3,416 m²
Parcel 43009A0842/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
KDW Services
Beekstraat 10, 9971 KaprijkeActivities of head offices
since 20242.357.837.891
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43009A0842/00A000indicative Flanders 3,416 m² - -
Linked by address, not proof of ownership
Good to know
0 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

Of 5,710 companies in this sector we hold annual accounts for 3,521. 1,844 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
Founded23-02-2024
Fiscal year end31-12
Abbreviation NL KDWS
Activities, NACEBEL 2025
70100Activities of head offices
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
53200Other postal and courier activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1006365102
Also 9925:BE1006365102
Registered 07-10-2024

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.