Kennes Constructief
ActiveThe computed 12-month bankruptcy probability of Kennes Constructief is 2.4% (moderate). The annual accounts of Kennes Constructief for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €13k and a net result of €-191k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 27711 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-70
Solvency28▼-31
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 2.08 in 2024; short-term debt: 70.7% and cash: 2.3% of total assets), and 97.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-39%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
54 d late
2023
30 d late
2022
128 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 95.4%
2024 · €271k
2019: €53k
2020: €122k
2021: €190k
2022: €230k
2023: €264k
2024: €271k
2019 → 2025
Total assets
€490k▼ 38.8%
2024 · €801k
2019: €178k
2020: €230k
2021: €798k
2022: €1.12M
2023: €631k
2024: €801k
2019 → 2025
Net result
€-191k
2024 · €7k
2019: €34k
2020: €69k
2021: €68k
2022: €40k
2023: €33k
2024: €7k
2019 → 2025
Working capital
€-28k
2024 · €310k
2019: €20k
2020: €81k
2021: €348k
2022: €569k
2023: €168k
2024: €310k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€190k-€230k▲ 21.3%€264k▲ 14.5%€271k▲ 2.8%€13k▼ 95.4%
Operating result€91k-€58k▼ 35.9%€65k▲ 11.5%€19k▼ 70.5%€-181k
Net result€68k-€40k▼ 40.8%€33k▼ 17.1%€7k▼ 77.7%€-191k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €181k after €19k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €490k
Fixed assets
€171k▼ 16.3%
Current assets
€319k▼ 46.6%
Equity and liabilities €490k
Equity
€13k▼ 95.4%
Debt
€478k▼ 9.9%
The debt ratio rises from 66.2% to 97.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-147k▼
2024 · €71k
Cash flow
€-157k▼
2024 · €60k
Solvency
2.6%▼
2024 · 33.8%
Current ratio
0.92▼
2024 · 2.08
Quick ratio
0.92▼
2024 · 1.88
Debt / equity
37.90▲
2024 · 1.96
ROA
-39.0%▼
2024 · 0.9%
Interest coverage
-14.53▼
2024 · 7.74
Debt
€478k▼
2024 · €530k
Debt ≤ 1 year
€347k▲
2024 · €287k
Debt > 1 year
€118k▼
2024 · €243k
Income taxes
€0▼
2024 · €2k
Staff costs
€4k▲
2024 · €4k
A ratio outside any meaningful range has been withheld (balance sheet total €490k, equity €13k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€801k€490k▼
Fixed assets21/28€204k€171k▼
Tangible fixed assets22/27€195k€162k▼
Land and buildings22€130k€122k▼
Plant, machinery and equipment23€16k€11k▼
Furniture and vehicles24€6k€3k▼
Leasing and similar rights25€43k€25k▼
Financial fixed assets28€10k€10k=
Current assets29/58€597k€319k▼
Amounts receivable after more than one year29€45k€0▼
Other amounts receivable291€45k€0▼
Stocks and contracts in progress3€57k€0▼
Contracts in progress37€57k€0▼
Amounts receivable within one year40/41€443k€226k▼
Trade receivables40€432k€212k▼
Other amounts receivable41€11k€14k▲
Cash at bank and in hand54/58€472€11k▲
Deferred charges and accrued income490/1€52k€82k▲
Equity and liabilities
Total equity and liabilities10/49€801k€490k▼
Equity10/15€271k€13k▼
Contributions10/11€19k€19k=
Reserves13€101k€34k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€99k€34k▼
Profit (loss) carried forward14€152k€-40k▼
Amounts payable17/49€530k€478k▼
Amounts payable after more than one year17€243k€118k▼
Financial debts170/4€243k€118k▼
Amounts payable within one year42/48€287k€347k▲
Current portion of amounts payable after more than one year42€28k€26k▼
Trade debts44€244k€104k▼
Suppliers440/4€244k€104k▼
Taxes, remuneration and social security45€15k€6k▼
Taxes450/3€12k€6k▼
Remuneration and social security454/9€3k€379▼
Other amounts payable47/48-€210k
Accrued charges and deferred income492/3€94€13k▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€34k▼
Other operating charges640/8€10k€1k▼
Gross operating margin9900€85k€-141k▼
Operating profit (loss)9901€19k€-181k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€10k€-191k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€7k€-191k▼
Profit (loss) for the period to be appropriated9905€7k€-191k▼
Appropriation of the result
Profit (loss) to be appropriated9906€152k€-40k▼
Profit (loss) brought forward from the previous period14P€144k€152k▲
Transfer from equity791/2-€67k
Profit to be distributed694/7-€67k
Return on contributions (dividend)694-€67k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-191k ▼2663%
Net result drops to €-191k, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 128 days late
2022
31-12
Financial
Equity above €200kEq €230k ▲21.3%
4 profitable years in a row build equity to €230k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €150kEq €190k ▲56%
3 profitable years in a row build equity to €190k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €69k ▲102%
Net result €69k, the highest in the series.
31-12
Financial
Equity above €100kEq €122k ▲131%
2 profitable years in a row build equity to €122k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Scherpenheuvel-Zichem · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Diestsestraat(S) 1213270 Scherpenheuvel-ZichemGround area
1,060 m²
Building footprint
617 m²
Volume, LiDAR
2,940 m³
Parcel 24098A0132/00X000, Flanders · tallest building 12.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kennes Constructief
since 20182.281.608.363
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24098A0132/00X000 | Flanders | 1,059 m² | 1 · 617 m² | 12.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 23,935 EUR awarded · 23,935 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 548 EUR | 548 EUR |
| 2023 | 1 | 9,787 EUR | 9,787 EUR |
| 2022 | 1 | 13,600 EUR | 13,600 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,481 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2018
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
23200Manufacture of other non-metallic mineral products
23620Manufacture of other non-metallic mineral products
23630Manufacture of other non-metallic mineral products
23700Cutting, shaping and finishing of stone
25110Manufacture of metal structures and parts of structures
33110Repair and maintenance of fabricated metal products
41001General construction of residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
43110Demolition
43120Site preparation
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43342Specialised construction activities
43343Specialised construction activities
43350Other building finishing work
43410Roofing work
43421Specialised construction activities
43422Screed work
43992Specialised construction activities
43994Specialised construction activities
43995Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.