Kedeco
ActiveSummary
Kedeco has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €62k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+6
Solvency97▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 20.36 in 2024; short-term debt: 28.4% and cash: 25.1% of total assets), and 28.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
71.6%
Return on assets
20.7%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-09-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
6 d early
2023
1 d early
2022
on the day
2021
3 d late
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€215k▼ 41.9%
2024 · €369k
2019: €207klowest in 7 years
2020: €253k▲ +22.2% vs 2019
2021: €321k▲ +26.9% vs 2020
2022: €370k▲ +15.2% vs 2021highest in 7 years
2023: €305k▼ -17.7% vs 2022
2024: €369k▲ +21.1% vs 2023
2025: €215k▼ -41.9% vs 2024
2019 → 2025
Total assets
€300k▼ 22.8%
2024 · €388k
2019: €214klowest in 7 years
2020: €264k▲ +23.4% vs 2019
2021: €341k▲ +29.4% vs 2020
2022: €383k▲ +12.3% vs 2021
2023: €329k▼ -14.2% vs 2022
2024: €388k▲ +18.1% vs 2023highest in 7 years
2025: €300k▼ -22.8% vs 2024
2019 → 2025
Net result
€62k▼ 3.6%
2024 · €64k
2019: €36klowest in 7 years
2020: €46k▲ +28.7% vs 2019
2021: €69k▲ +49.8% vs 2020highest in 7 years
2022: €49k▼ -29.2% vs 2021
2023: €52k▲ +6.5% vs 2022
2024: €64k▲ +24.0% vs 2023
2025: €62k▼ -3.6% vs 2024
2019 → 2025
Working capital
€213k▼ 40.9%
2024 · €360k
2019: €199klowest in 7 years
2020: €247k▲ +23.9% vs 2019
2021: €288k▲ +16.7% vs 2020
2022: €345k▲ +19.7% vs 2021
2023: €288k▼ -16.4% vs 2022
2024: €360k▲ +24.9% vs 2023highest in 7 years
2025: €213k▼ -40.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€321k-€370k▲ 15.2%€305k▼ 17.7%€369k▲ 21.1%€215k▼ 41.9%
2021: €321k
2022: €370k▲ +15.2% vs 2021highest in 5 years
2023: €305k▼ -17.7% vs 2022
2024: €369k▲ +21.1% vs 2023
2025: €215k▼ -41.9% vs 2024lowest in 5 years
Operating result€96k-€69k▼ 28.0%€74k▲ 6.9%€79k▲ 6.8%€73k▼ 7.4%
2021: €96khighest in 5 years
2022: €69k▼ -28.0% vs 2021lowest in 5 years
2023: €74k▲ +6.9% vs 2022
2024: €79k▲ +6.8% vs 2023
2025: €73k▼ -7.4% vs 2024
Net result€69k-€49k▼ 29.2%€52k▲ 6.5%€64k▲ 24.0%€62k▼ 3.6%
2021: €69khighest in 5 years
2022: €49k▼ -29.2% vs 2021lowest in 5 years
2023: €52k▲ +6.5% vs 2022
2024: €64k▲ +24.0% vs 2023
2025: €62k▼ -3.6% vs 2024
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 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €300k
Fixed assets
€2k ▼ 80.8%
Current assets
€298k ▼ 21.3%
Equity and liabilities €300k
Equity
€215k ▼ 41.9%
Debt
€85k ▲ 345%
Debt's share of the balance-sheet total rises from 4.9% to 28.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€81k▼
2024 · €86k
Cash flow
€70k▼
2024 · €72k
Current ratio
3.50▼
2024 · 20.36
Debt to equity
0.40▲
2024 · 0.05
ROE
28.9%▲
2024 · 17.4%
ROA
20.7%▲
2024 · 16.6%
Interest coverage
411.55▼
2024 · 416.28
Debt ≤ 1 year
€85k▲
2024 · €19k
Income taxes
€18k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€388k€300k▼
Fixed assets21/28€9k€2k▼
Tangible fixed assets22/27€9k€2k▼
Land and buildings22€2k€2k▼
Furniture and vehicles24€7k€0▼
Current assets29/58€379k€298k▼
Amounts receivable within one year40/41€39k€18k▼
Trade receivables40€37k€14k▼
Other amounts receivable41€2k€4k▲
Current investments50/53€280k€200k▼
Cash at bank and in hand54/58€59k€75k▲
Deferred charges and accrued income490/1€390€4k▲
Equity and liabilities
Total equity and liabilities10/49€388k€300k▼
Equity10/15€369k€215k▼
Contributions10/11€12k€1▼
Reserves13€357k€215k▼
Distributable reserves133€357k€215k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€19k€85k▲
Amounts payable within one year42/48€19k€85k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€3k€1k▼
Other amounts payable47/48€14k€82k▲
Accrued charges and deferred income492/3€514€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€622€637▲
Gross operating margin9900€87k€81k▼
Operating profit (loss)9901€79k€73k▼
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Financial charges65/66B€208€196▼
Recurring financial charges65€208€196▼
Profit (loss) for the period before taxes9903€83k€80k▼
Income taxes67/77€18k€18k▼
Profit (loss) for the period9904€64k€62k▼
Profit (loss) for the period to be appropriated9905€64k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€62k▼
Transfer from equity791/2-€142k
Transfer to equity691/2€64k€0▼
To other reserves6921€64k€0▼
Profit to be distributed694/7-€204k
Return on contributions (dividend)694-€204k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €8k | €8k | €8k | = |
| Other operating charges640/8 | - | €601 | €611 | €622 | €637 | ▲ 2.5% |
| Gross operating margin9900 | €105k | €78k | €83k | €87k | €81k | ▼ 6.7% |
| Operating profit (loss)9901 | €96k | €69k | €74k | €79k | €73k | ▼ 7.4% |
| Financial income75/76B | - | €61 | €0 | €4k | €7k | ▲ 80.2% |
| Recurring financial income75 | €24 | €61 | €0 | €4k | €7k | ▲ 80.2% |
| Financial charges65/66B | - | €103 | €501 | €208 | €196 | ▼ 5.7% |
| Recurring financial charges65 | €124 | €103 | €501 | €208 | €196 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €96k | €69k | €73k | €83k | €80k | ▼ 3.2% |
| Income taxes67/77 | €27k | €20k | €21k | €18k | €18k | ▼ 1.8% |
| Profit (loss) for the period9904 | €69k | €49k | €52k | €64k | €62k | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €69k | €49k | €52k | €64k | €62k | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €341k | €383k | €329k | €388k | €300k | ▼ 22.8% |
| Fixed assets21/28 | €33k | €25k | €17k | €9k | €2k | ▼ 80.8% |
| Tangible fixed assets22/27 | €33k | €25k | €17k | €9k | €2k | ▼ 80.8% |
| Land and buildings22 | - | €4k | €3k | €2k | €2k | ▼ 25.0% |
| Furniture and vehicles24 | - | €22k | €14k | €7k | €0 | ▼ 100% |
| Current assets29/58 | €308k | €358k | €312k | €379k | €298k | ▼ 21.3% |
| Amounts receivable within one year40/41 | €37k | €30k | €16k | €39k | €18k | ▼ 52.7% |
| Trade receivables40 | - | €30k | €16k | €37k | €14k | ▼ 61.9% |
| Other amounts receivable41 | - | €11 | €5 | €2k | €4k | ▲ 146% |
| Current investments50/53 | - | - | €186k | €280k | €200k | ▼ 28.6% |
| Cash at bank and in hand54/58 | €271k | €328k | €110k | €59k | €75k | ▲ 27.1% |
| Deferred charges and accrued income490/1 | - | €366 | €378 | €390 | €4k | ▲ 948% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €341k | €383k | €329k | €388k | €300k | ▼ 22.8% |
| Equity10/15 | €321k | €370k | €305k | €369k | €215k | ▼ 41.9% |
| Contributions10/11 | - | €12k | €12k | €12k | €1 | ▼ 100.0% |
| Reserves13 | €309k | €358k | €292k | €357k | €215k | ▼ 39.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €356k | €290k | €357k | €215k | ▼ 39.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €20k | €13k | €24k | €19k | €85k | ▲ 345% |
| Amounts payable within one year42/48 | €20k | €13k | €23k | €19k | €85k | ▲ 358% |
| Trade debts44 | €1k | €2k | €2k | €2k | €2k | ▲ 26.4% |
| Suppliers440/4 | - | €2k | €2k | €2k | €2k | ▲ 26.4% |
| Taxes, remuneration and social security45 | - | €1k | €4k | €3k | €1k | ▼ 52.8% |
| Taxes450/3 | - | €1k | €4k | €3k | €1k | ▼ 52.8% |
| Other amounts payable47/48 | - | €10k | €17k | €14k | €82k | ▲ 483% |
| Accrued charges and deferred income492/3 | - | - | €514 | €514 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69k | €49k | €52k | €64k | €62k | ▼ 3.6% |
| + Depreciation and write-downs630 | €8k | €8k | €8k | €8k | €8k | = |
| Operating cash flow (approximation) | €77k | €57k | €60k | €72k | €70k | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €57k | €-218k | €-50k | €16k | ▲ 132% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-03
Financial
Highest result since 2019net €69k ▲49.8%
Operating result €96k, net result €69k, both a record.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Dilbeek · 1 establishment unit since 2014
Ground area
650 m²
Building footprint
132 m²
Volume, LiDAR
2 m³
Parcel 23016B0319/00Z002, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
1 establishment unit
Kedeco
since 20142.231.235.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016B0319/00Z002 | Flanders | 650 m² | 1 · 132 m² | 0.3 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,506 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-2014
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.