KEMDA CONSTRUCTIONS
ActiveSummary
KEMDA CONSTRUCTIONS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90k and a net result of €4k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 42% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+13
Solvency65▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.91 against 2.68 in 2024; short-term debt: 20.2% and cash: 48.1% of total assets), but 59.9% 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
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
40.1%
Return on assets
1.7%
Age of the figures
9 mo
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 29-05-2026, 63 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
63 d early
2024
65 d early
2023
58 d early
2022
61 d early
2021
52 d early
2020
57 d early
2019
63 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€90k▲ 3.5%
2024 · €87k
Total assets
€224k=
2024 · €224k
Net result
€4k▲ 369%
2024 · €822
Working capital
€86k▲ 20.7%
2024 · €72k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13k▲ 3.0%€24k▲ 92.8%€20k▼ 18.7%€5k▼ 73.3%€10k▲ 81.2%
Net result€7k▼ 15.7%€14k▲ 104%€12k▼ 14.7%€822▼ 92.9%€4k▲ 369%
Equity€64k▲ 10.0%€77k▲ 19.9%€87k▲ 12.6%€87k=€90k▲ 3.5%
Total assets€250k▲ 26.0%€246k▼ 1.5%€240k▼ 2.3%€224k▼ 6.8%€224k=
Debt€185k▲ 32.7%€169k▼ 8.9%€154k▼ 9.1%€137k▼ 10.7%€134k▼ 2.2%
Working capital€28k▼ 44.3%€53k▲ 90.9%€62k▲ 16.5%€72k▲ 16.0%€86k▲ 20.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 81% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224k
Fixed assets
€92k ▼ 15.9%
Current assets
€132k ▲ 15.2%
Equity and liabilities €224k
Equity
€90k ▲ 3.5%
Debt
€134k ▼ 2.2%
Debt's share of the balance-sheet total falls from 61.3% to 59.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2024 · €24k
Cash flow
€23k▲
2024 · €19k
Current ratio
2.91▲
2024 · 2.68
Quick ratio
2.90▲
2024 · 2.66
Debt to equity
1.50▼
2024 · 1.58
ROE
4.3%▲
2024 · 0.9%
ROA
1.7%▲
2024 · 0.4%
Interest coverage
6.51▲
2024 · 4.70
Debt ≤ 1 year
€45k▲
2024 · €43k
Debt > 1 year
€83k▼
2024 · €92k
Income taxes
€1k▲
2024 · €364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €12k | €6k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €19k | €19k | €19k | €19k | ▲ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €573 | - | - | - | - |
| Other operating charges640/8 | €1k | €9k | €2k | €2k | €2k | ▲ 2.6% |
| Gross operating margin9900 | €25k | €53k | €41k | €26k | €30k | ▲ 17.8% |
| Operating profit (loss)9901 | €13k | €24k | €20k | €5k | €10k | ▲ 81.2% |
| Financial income75/76B | €93 | €6 | €21 | €978 | €127 | ▼ 87.0% |
| Recurring financial income75 | €93 | €6 | €21 | €978 | €127 | ▼ 87.0% |
| Financial charges65/66B | €4k | €5k | €4k | €5k | €4k | ▼ 14.2% |
| Recurring financial charges65 | €4k | €5k | €4k | €5k | €4k | ▼ 14.2% |
| Profit (loss) for the period before taxes9903 | €8k | €20k | €16k | €1k | €5k | ▲ 352% |
| Income taxes67/77 | €2k | €6k | €4k | €364 | €1k | ▲ 311% |
| Profit (loss) for the period9904 | €7k | €14k | €12k | €822 | €4k | ▲ 369% |
| Profit (loss) for the period to be appropriated9905 | €7k | €14k | €12k | €822 | €4k | ▲ 369% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €250k | €246k | €240k | €224k | €224k | = |
| Fixed assets21/28 | €166k | €148k | €128k | €110k | €92k | ▼ 15.9% |
| Tangible fixed assets22/27 | €166k | €148k | €128k | €110k | €92k | ▼ 15.9% |
| Land and buildings22 | €108k | €101k | €94k | €88k | €81k | ▼ 7.6% |
| Plant, machinery and equipment23 | €6k | €6k | €4k | €3k | €2k | ▼ 31.3% |
| Furniture and vehicles24 | €52k | €41k | €30k | €19k | €9k | ▼ 51.8% |
| Current assets29/58 | €84k | €98k | €112k | €114k | €132k | ▲ 15.2% |
| Stocks and contracts in progress3 | €375 | €440 | €6k | €529 | €248 | ▼ 53.1% |
| Stocks30/36 | €375 | €440 | - | €529 | €248 | ▼ 53.1% |
| Contracts in progress37 | - | - | €6k | - | - | - |
| Amounts receivable within one year40/41 | €9k | €15k | €5k | €15k | €19k | ▲ 24.8% |
| Trade receivables40 | €8k | €14k | €4k | €11k | €11k | ▲ 7.2% |
| Other amounts receivable41 | €1k | €1k | €2k | €4k | €7k | ▲ 66.6% |
| Cash at bank and in hand54/58 | €74k | €79k | €96k | €94k | €108k | ▲ 14.8% |
| Deferred charges and accrued income490/1 | €299 | €5k | €5k | €5k | €5k | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €250k | €246k | €240k | €224k | €224k | = |
| Equity10/15 | €64k | €77k | €87k | €87k | €90k | ▲ 3.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €46k | €58k | €68k | €68k | €71k | ▲ 4.4% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €5k | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | €38k | €51k | €63k | €63k | €66k | ▲ 4.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €185k | €169k | €154k | €137k | €134k | ▼ 2.2% |
| Amounts payable after more than one year17 | €127k | €114k | €102k | €92k | €83k | ▼ 9.9% |
| Financial debts170/4 | €127k | €114k | €102k | €92k | €83k | ▼ 9.9% |
| Amounts payable within one year42/48 | €56k | €45k | €50k | €43k | €45k | ▲ 5.9% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €13k | €10k | €9k | ▼ 9.5% |
| Trade debts44 | €5k | €3k | €6k | €5k | €5k | ▲ 6.0% |
| Suppliers440/4 | €5k | €3k | €6k | €5k | €5k | ▲ 6.0% |
| Advances received on contracts in progress46 | - | - | - | - | €1k | - |
| Taxes, remuneration and social security45 | €12k | €3k | €3k | €13 | €303 | ▲ 2,320% |
| Taxes450/3 | €584 | €2k | €3k | €13 | €303 | ▲ 2,320% |
| Remuneration and social security454/9 | €11k | €280 | - | - | - | - |
| Other amounts payable47/48 | €26k | €27k | €28k | €28k | €29k | ▲ 6.0% |
| Accrued charges and deferred income492/3 | €2k | €9k | €1k | €3k | €6k | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €14k | €12k | €822 | €4k | ▲ 369% |
| + Depreciation and write-downs630 | €11k | €19k | €19k | €19k | €19k | ▲ 1.2% |
| Operating cash flow (approximation) | €18k | €33k | €31k | €19k | €23k | ▲ 16.7% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €-1k | - |
| Change in cash | - | €4k | €18k | €-3k | €14k | ▲ 626% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €822 ▼92.9%
Net result drops to €822, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €14k ▲104%
Operating result €24k, net result €14k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Malle · 1 establishment unit since 2005
Ground area
360 m²
Building footprint
91 m²
Volume, LiDAR
558 m³
Parcel 11049C0046/00G000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEMDA CONSTRUCTIONS
since 20052.146.694.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0046/00G000 | Flanders | 360 m² | 1 · 91 m² | 9.6 m · 2 fl. |
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 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,241 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
Founded14-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.