Skip to content

KDZ PROJECTS

Active
Private limited companyfounded 1998active for 28 yearsGroendreef 10, 9880 Aalter, BelgiumKBO/BCE: BE 0463.679.992

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 16-06-2026 at the NBB all 27 filings

Equity
€19,363▲ 118%
2024 · €8,893
Net result
€10,471▲ 5.0%
2024 · €9,972
Total assets
€134,898▲ 28.3%
2024 · €105,124
Solvency
14.4%▲ 5.9pp
2024 · 8.5%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 44% higher than in 2024. It is the second rise in a row, after the fall in 2023.

Operating result€18,792 2025 Net result€10,471 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€77,810--€12,950-€3,150▲ 75.7%€32,109-€33,541-€52,736▼ 57.2%€13,057€18,792▲ 43.9%
Net result€63,481--€14,821-€2,675below the sector's middle half▲ 82.0%€26,014within the sector's middle half-€32,865below the sector's middle half-€52,065below the sector's middle half▼ 58.4%€9,972within the sector's middle half€10,471within the sector's middle half▲ 5.0%
Equity€62,938-€48,117▼ 23.5%€57,836below the sector's middle half▲ 20.2%€83,851below the sector's middle half▲ 45.0%€50,986below the sector's middle half▼ 39.2%-€1,079below the sector's middle half€8,893below the sector's middle half€19,363below the sector's middle half▲ 118%
Total assets€193,847-€64,068▼ 66.9%€63,691below the sector's middle half▼ 0.6%€153,886below the sector's middle half▲ 142%€178,372below the sector's middle half▲ 15.9%€161,095below the sector's middle half▼ 9.7%€105,124below the sector's middle half▼ 34.7%€134,898below the sector's middle half▲ 28.3%
Debt€130,910-€15,952▼ 87.8%€5,855▼ 63.3%€70,035▲ 12×€127,386▲ 81.9%€162,174▲ 27.3%€96,231▼ 40.7%€115,534▲ 20.1%
Working capital€62,938-€48,117▼ 23.5%€57,836within the sector's middle half▲ 20.2%€83,851within the sector's middle half▲ 45.0%€50,986within the sector's middle half▼ 39.2%-€1,079within the sector's middle half€8,893within the sector's middle half€19,363within the sector's middle half▲ 118%
Solvency32.5%-75.1%▲ 42.6pp90.8%above the sector's middle half▲ 15.7pp54.5%within the sector's middle half▼ 36.3pp28.6%within the sector's middle half▼ 25.9pp-0.7%below the sector's middle half▼ 29.3pp8.5%below the sector's middle half▲ 9.1pp14.4%below the sector's middle half▲ 5.9pp
Current ratio1.48-4.02▲ 2.5410.88above the sector's middle half▲ 6.862.20within the sector's middle half▼ 8.681.40within the sector's middle half▼ 0.800.99within the sector's middle half▼ 0.411.09within the sector's middle half▲ 0.101.17within the sector's middle half▲ 0.08
Return on assets (ROA)32.7%--23.1%▼ 55.9pp-4.2%below the sector's middle half▲ 18.9pp16.9%above the sector's middle half▲ 21.1pp-18.4%below the sector's middle half▼ 35.3pp-32.3%below the sector's middle half▼ 13.9pp9.5%within the sector's middle half▲ 41.8pp7.8%within the sector's middle half▼ 1.7pp
Staff (FTE)2.9-2.3▼ 20.7%0.2below the sector's middle half▼ 91.3%1.6within the sector's middle half▲ 700%2.8within the sector's middle half▲ 75.0%2.5above the sector's middle half▼ 10.7%6.2above the sector's middle half▲ 148%5.6above the sector's middle half▼ 9.7%
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €134,898
Equity €19,363 ▲ 118%
Debt €115,534 ▲ 20.1%
Debt's share of the balance-sheet total falls from 91.5% to 85.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
54.1%▼
2024 · 112.1%
Debt ≤ 1 year
€115,534▲
2024 · €96,231
Income taxes
€8,804▲
2024 · €2,559
Staff costs
€425,991▲
2024 · €406,133
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as KDZ PROJECTS: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €103,000 and €500,000, founded between 1995 and 2010.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
KDZ PROJECTS Aalter1998€0.1m€0.02m€0.4m-€0.01m5.62025
FinIT Services Gent2006€0.1m-€0.4m€0.4m-€0.02m4.92025
ZANNIER HOTELS BELGIUM Gent2010€0.2m-€0.06m€0.6m--€0.003m62025
DE VIS Gent2002€0.5m€0.04m€0.4m--€0.07m6.82025
MABETEM Sint-Niklaas1995€0.5m€0.1m€0.4m-€0.01m7.62025
L'ETRANGER Bornem2007€0.2m€0.05m€0.2m-€0.02m4.52025
POINT CARRE Namur1999€0.2m-€0.008m€0.8m€1.5m€0.05m122025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Subsidies and aid

Flemish government

2025 · 1 entry · €831 awarded · €831 paid
Schemes
1 entry · €831 · €831 paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines

Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€105,124€134,898▲
Current assets29/58€105,124€134,898▲
Amounts receivable within one year40/41€105,124€134,898▲
Trade receivables40€105,000€134,869▲
Other amounts receivable41€124€28▼
Equity and liabilities
Total equity and liabilities10/49€105,124€134,898▲
Equity10/15€8,893€19,363▲
Contributions10/11€18,592€18,592=
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Profit (loss) carried forward14-€11,559-€1,088▲
Amounts payable17/49€96,231€115,534▲
Amounts payable within one year42/48€96,231€115,534▲
Trade debts44€22,594€29,206▲
Suppliers440/4€22,594€29,206▲
Taxes, remuneration and social security45€73,402€80,882▲
Taxes450/3€5,327€11,815▲
Remuneration and social security454/9€68,074€69,066▲
Other amounts payable47/48€236€5,447▲
Income statement Code20242025
Non-recurring operating income76A€11,250-
Remuneration, social security and pensions62€406,133€425,991▲
Other operating charges640/8€141€144▲
Gross operating margin9900€419,330€444,927▲
Operating profit (loss)9901€13,057€18,792▲
Financial income75/76B-€615
Recurring financial income75-€615
Financial charges65/66B€526€133▼
Recurring financial charges65€516€123▼
Non-recurring financial charges66B€10€10▼
Profit (loss) for the period before taxes9903€12,530€19,275▲
Income taxes67/77€2,559€8,804▲
Profit (loss) for the period9904€9,972€10,471▲
Profit (loss) for the period to be appropriated9905€9,972€10,471▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11,559-€1,088▲
Profit (loss) brought forward from the previous period14P-€21,530-€11,559▲
Social balance sheet
Average headcount (FTE)90876.25.6▼

The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-----€6,000€11,250--
Remuneration, social security and pensions62---€94,131€217,607€199,173€406,133€425,991▲ 4.9%
Other operating charges640/8---€120€122€132€141€144▲ 2.6%
Gross operating margin9900€284,792€253,995-€20,098€126,360€184,187€146,569€419,330€444,927▲ 6.1%
Operating profit (loss)9901€77,810-€12,950-€3,150€32,109-€33,541-€52,736€13,057€18,792▲ 43.9%
Financial income75/76B---€512€1,547€1,017-€615-
Recurring financial income75€893€226€578€512€1,547€1,017-€615-
Financial charges65/66B---€101€183€117€526€133▼ 74.8%
Recurring financial charges65€1,909€1,869€103€101€183€117€516€123▼ 76.2%
Non-recurring financial charges66B------€10€10▼ 0.4%
Profit (loss) for the period before taxes9903€76,794-€14,593-€2,675€32,521-€32,178-€51,836€12,530€19,275▲ 53.8%
Income taxes67/77€13,312€228-€6,507€687€229€2,559€8,804▲ 244%
Profit (loss) for the period9904€63,481-€14,821-€2,675€26,014-€32,865-€52,065€9,972€10,471▲ 5.0%
Profit (loss) for the period to be appropriated9905€63,481-€14,821-€2,675€26,014-€32,865-€52,065€9,972€10,471▲ 5.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€193,847€64,068€63,691€153,886€178,372€161,095€105,124€134,898▲ 28.3%
Current assets29/58€193,847€64,068€63,691€153,886€178,372€161,095€105,124€134,898▲ 28.3%
Amounts receivable within one year40/41€193,847€64,068€63,691€153,886€178,372€160,884€105,124€134,898▲ 28.3%
Trade receivables40---€98,112€50,850€160,800€105,000€134,869▲ 28.4%
Other amounts receivable41---€55,773€127,522€84€124€28▼ 77.1%
Cash at bank and in hand54/58-----€210---
Equity and liabilities
Total equity and liabilities10/49€193,847€64,068€63,691€153,886€178,372€161,095€105,124€134,898▲ 28.3%
Equity10/15€62,938€48,117€57,836€83,851€50,986-€1,079€8,893€19,363▲ 118%
Contributions10/11€6,197€6,197-€18,592€18,592€18,592€18,592€18,592=
Reserves13€1,859€1,859€1,859€1,859€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1---€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311---€1,859€1,859€1,859€1,859€1,859=
Profit (loss) carried forward14€54,881€40,060€37,385€63,399€30,535-€21,530-€11,559-€1,088▲ 90.6%
Amounts payable17/49€130,910€15,952€5,855€70,035€127,386€162,174€96,231€115,534▲ 20.1%
Amounts payable within one year42/48€130,910€15,952€5,855€70,035€127,386€162,174€96,231€115,534▲ 20.1%
Trade debts44€26,999€3,235€5,855€10,461€99,294€9,908€22,594€29,206▲ 29.3%
Suppliers440/4---€10,461€99,294€9,908€22,594€29,206▲ 29.3%
Taxes, remuneration and social security45---€59,574€28,091€31,105€73,402€80,882▲ 10.2%
Taxes450/3---€39,024€570€98€5,327€11,815▲ 122%
Remuneration and social security454/9---€20,550€27,522€31,007€68,074€69,066▲ 1.5%
Other amounts payable47/48-----€121,160€236€5,447▲ 23×
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€63,481-€14,821-€2,675€26,014-€32,865-€52,065€9,972€10,471▲ 5.0%
Operating cash flow (approximation)€63,481-€14,821-€2,675€26,014-€32,865-€52,065€9,972€10,471▲ 5.0%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 27 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 16-06-2026 2026-00166045 NBB
31-12-2024 abbreviated format 11-06-2025 2025-00131749 PDF
31-12-2023 abbreviated format 12-06-2024 2024-00127558 PDF
31-12-2022 abbreviated format 28-06-2023 2023-00176541 PDF
31-12-2021 abbreviated format 28-06-2022 2022-20100213 PDF
31-12-2020 abbreviated format 11-06-2021 2021-19200051 PDF
31-12-2019 abbreviated format 25-06-2020 2020-21000217 PDF
31-12-2018 abbreviated format 24-06-2019 2019-21500276 PDF
31-12-2017 abbreviated format 20-06-2018 2018-21200112 PDF
31-12-2016 abbreviated format 14-06-2017 2017-17400328 PDF

Show all 27 filings

Next steps