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KEDAK

Active
Public limited companyfounded 199432 yrs activeMerelstraat 45, 3990 Peer, BelgiumKBO/BCE: BE 0453.491.925
Summary

KEDAK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €346,300 and a net result of €56,190. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 9523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
KEDAKActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Plumbing work
NACE 43221Roofing work NACE 43410Bricklaying and masonry work NACE 43910
1 site
Size
€461,675total assets 2025
Staff
1.5 FTE
Equity
€346,300
Profit
€56,190
Turnover not published (abridged schema)
Financial health
97 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
Hollanders · 100%
Board
1 member
Accounts 45 d early1 of 5 deeds read
Why 97- 1 change of registered office in 24 months+ Liquidity: current ratio 5.14, cash €202,947+ Equity €346,300 (75.0% of total assets)+ Figures for FY 2025 (filed 16-06-2026)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Better than 79% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 75.0% of total assets
Liquidity 96-4
short-term debt 17.0% · cash 44.0%
Profitability 84+11
return on assets 12.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,514 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%▲ +7.1% vs 12-2024 02-2025: 0.1%▲ +62.2% vs 01-2025 03-2025: 0.1%▲ +21.9% vs 02-2025 04-2025: 0.1%▲ +64.0% vs 03-2025 05-2025: 0.2%▲ +9.6% vs 04-2025 06-2025: < 0.1%▼ -73.8% vs 05-2025lowest value 07-2025: < 0.1%● 0.0% vs 06-2025lowest value 08-2025: 0.1%▲ +157% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▼ -3.7% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +13.5% vs 03-2026 05-2026: 0.1%▲ +24.6% vs 04-2026 06-2026: 0.1%▲ +0.7% vs 05-2026 07-2026: 0.2%▲ +10.1% vs 06-2026 08-2026: 0.2%▲ +50.3% vs 07-2026 09-2026: 0.3%▲ +36.3% vs 08-2026highest value 10-2026: 0.1%▼ -75.4% vs 09-2026
  • Liquidity: current ratio 5.14, cash €202,947 lowers the probability
  • 1 change of registered office in 24 months raises the probability
  • Equity €346,300 (75.0% of total assets) lowers the probability
  • Figures for FY 2025 (filed 16-06-2026) lowers the probability
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 5.14 against 14.83 in 2024; short-term debt: 17% and cash: 44% of total assets), and 25% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 90%, liquidity 93%, profitability 67%, growth against the median 67%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 5.14, cash €202,947
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Equity €346,300 (75.0% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 16-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 d early
2024
72 d early
2023
41 d early
2022
35 d early
2021
56 d early
2020
55 d early
2019
53 d early
← 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 51 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
05-10-2026 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
  1. Resignation: Rudi HOLLANDERS (director)Appointment: Seppe HOLLANDERS (director) ·…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Highest result since 2019net €56,190 ▲470%

Key points

  • Caution: Board changedlatest change 01-08-2026 · 1 in office 1 joined · 1 left View
  • Positive: Among the best 17% on solvencysector median 44.2% · 9,523 companies 75.0% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by Hollanders 100% View

By topic

Financials

Fiscal year
2025
Total assets
€461,675
Profit
€56,190
Solvency
75.0%
Total assets▲ 48.5%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2016
Next accounts
by 31-07-2027
  1. 18-09-2026Resignation: Rudi HOLLANDERS (director)
  2. 16-06-2026Annual accounts filed
  3. 31-12-2025Highest result since 2019
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Plumbing workNACE 43221
Founded
24-09-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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