Equity
€46,135 from €79,130 in 2023
Equity fell by 42% in 2 years.
kenoconstruct
Overview
Lifetime
5 annual accounts with figures on one time axispeak €116,386 (2025)
€116,386▲ 123%
peak €32,244 (2022)
€2,548▼ 81.6%
peak €79,130 (2023)
€46,135▲ 5.8%
€138,147▲ 75.9%
peak 1.3 FTE (2025)
1.3 FTE▲ 333%
Board2 names since 2021
2 directorsDAGRAIN Renaud and 1 other
Documentsfilings and deeds
07-05-20267 days late
2025financial year
Gross margin from €52,109 to €116,386Result from €13,869 to €2,548Staff from 0.3 FTE to 1.3 FTEDebts from €78,525 to €138,147Cash from €34,230 to €66,355
Key points
from the 2025 annual accountsDebts
€138,147 ▲ 75.9%
Debts rose by €59,622 in 2025.
Position in the sector
€46,135
Less equity than 83% of companies in construction of buildings. Sector median €648,117 · 1,033 companies.
2025 accounts filed 7 days after the deadline
Checked score
65
Healthy
Financially stronger than 48% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,462 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 2.0%▲ +0.1 percentage points vs 12-2024
02-2025: 2.1%▲ +0.1 percentage points vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.3%▲ +0.2 percentage points vs 03-2025
05-2025: 2.7%▲ +0.4 percentage points vs 04-2025highest value
06-2025: 1.8%▼ -0.9 percentage points vs 05-2025
07-2025: 1.7%▼ -0.1 percentage points vs 06-2025
08-2025: 1.7%● unchanged vs 07-2025
09-2025: 1.7%● unchanged vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.9%▲ +0.2 percentage points vs 12-2025
02-2026: 1.6%▼ -0.3 percentage points vs 01-2026
03-2026: 1.5%▼ -0.1 percentage points vs 02-2026
04-2026: 1.8%▲ +0.3 percentage points vs 03-2026
05-2026: 2.7%▲ +0.9 percentage points vs 04-2026
06-2026: 1.2%▼ -1.5 percentage points vs 05-2026lowest value
07-2026: 1.2%● unchanged vs 06-2026lowest value
08-2026: 1.2%● unchanged vs 07-2026lowest value
09-2026: 1.2%● unchanged vs 08-2026lowest value
10-2026: 1.2%● unchanged vs 09-2026lowest value
11-2026: 1.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2019
Size: 1.3 FTE, total assets €184,282
lowers risk
Liquidity: current ratio 1.53, cash €66,355
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 32% of them on solvency, 77% on liquidity, 35% on profitability and 48% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,274 companies had the same profile as kenoconstruct has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of kenoconstruct itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for kenoconstruct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.53 (1.16 in 2024), above the usual 1.5. Short-term debt is 45.9% and cash 36% of total assets. However, 75% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-05-2026, 7 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
7 days late
2024
on the day
2023
on the day
2022
2 days early
2021
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 1 day after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end06-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0737571964
Incorporation
published on 13-11-2019 · Gazette deed
First establishment
KENOCONSTRUCT SNC, Rue Le Chat 115, Ath
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| kenoconstruct Ath | €184,282 | €116,386 | 25.0% | 1.3 |
| Renovari Wommelgem | €210,786 | €102,900 | 24.6% | 1 |
| DECANT CONSTRUCTION Estaimpuis | €234,743 | €138,112 | 57.3% | 1 |
| HomePro Schilde | €169,945 | €163,733 | 1.7% | 1 |
| TILBO PROJECTS Beringen | €167,857 | €91,079 | 80.3% | 1.3 |
| Bouwwerken Dimitrie Ballieu Zedelgem | €155,196 | €80,406 | 29.9% | 0.8 |
| MATHIAS KERKHOFS CONSTRUCT Sint-Katelijne-Waver | €183,450 | €120,191 | 54.2% | 1.2 |
These companies have the same main activity as kenoconstruct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €155,000 and €235,000, founded between 2017 and 2022.
Official details
Source: KBO- Status
- Active since 09-11-2019Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.295.540.5337812 Ath, since 09-11-2019
- Financial year end
- 30 September
- Peppol
- Reachable since 20-11-2020
Annual accounts to 30-09-2025
- €116,386▲ 123%
- ≈ €410,000estimated
- €2,548▼ 81.6%
- €46,135▲ 5.8%
- €184,282▲ 50.9%
- 1.3 FTE▲ 333%
- Filing
- Filed on 07-05-2026
Insights on kenoconstruct
kenoconstruct has existed since 2019. The gross margin grew from €32,046 in 2021 to €116,386 in 2025.
The gross margin has grown every year since 2021. Solvency fell in 2025 from 35.7% to 25.0% because of higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 07-05-2026, 7 days late€116,386
▲ 123%
€10,100
▼ 54.9%
€2,548
▼ 81.6%
€44,733
▲ 481%
25.0%
▼ 10.7 percentage points
1.53
▲ 0.37
The turnover shown is an estimate from the gross margin.
Turnover ≈ €410,000. Estimated: probably between €280,000 and €640,000.
Balance sheet
balance sheet total €184,282 on 30-09-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
25.0%
Higher than 39% of 1,033 companies in 2025.
1.53
Higher than 52% of 1,013 companies in 2025.
1.4%
Higher than 44% of 1,028 companies in 2025.
kenoconstruct
Middle half of the sector
80% of the sector
Full accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter
Staff
€64,148
Staff costs divided by the average number of full-time equivalents.
level
people who joined
people who left
In 2025, 6 people joined and 6 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
184,282 | 122,112 | 149,087 | 99,299 | 36,716 | |
21/28 |
55,005 | 65,347 | 75,077 | 44,894 | 12,064 | |
22/27 |
55,005 | 65,347 | 75,077 | 44,894 | 12,064 | |
23 |
14,283 | 14,056 | 14,081 | 9,249 | 4,198 | |
24 |
1,562 | 3,544 | 6,661 | 5,616 | 7,866 | |
25 |
39,160 | 47,747 | 54,335 | 30,029 | - | |
29/58 |
129,277 | 56,765 | 74,010 | 54,405 | 24,652 | |
29 |
- | 0 | 20,000 | 20,000 | - | |
291 |
- | 0 | 20,000 | 20,000 | - | |
40/41 |
60,654 | 20,177 | 32,909 | 32,521 | 20,755 | |
40 |
34,019 | 8,986 | 29,611 | 30,071 | 17,858 | |
41 |
26,635 | 11,191 | 3,298 | 2,450 | 2,897 | |
54/58 |
66,355 | 34,230 | 17,674 | 222 | 2,851 | |
490/1 |
2,268 | 2,358 | 3,427 | 1,662 | 1,046 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
184,282 | 122,112 | 149,087 | 99,299 | 36,716 | |
10/15 |
46,135 | 43,587 | 79,130 | 56,388 | 24,144 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
13 |
45,135 | 42,587 | 78,000 | 55,000 | 23,000 | |
133 |
45,135 | 42,587 | 78,000 | 55,000 | 23,000 | |
14 |
- | 0 | 130 | 388 | 144 | |
17/49 |
138,147 | 78,525 | 69,957 | 42,911 | 12,572 | |
17 |
53,603 | 29,461 | 39,419 | 22,146 | - | |
170/4 |
53,603 | 29,461 | 39,419 | 22,146 | - | |
42/48 |
84,544 | 49,064 | 30,538 | 20,765 | 12,572 | |
42 |
25,677 | 14,998 | 10,889 | 4,748 | - | |
44 |
30,268 | 6,655 | 8,790 | 5,250 | 2,858 | |
440/4 |
30,268 | 6,655 | 8,790 | 5,250 | 2,858 | |
45 |
8,446 | 6,722 | 8,155 | 8,989 | 5,714 | |
450/3 |
3,793 | 6,722 | 8,155 | 8,989 | 5,714 | |
454/9 |
4,653 | 0 | - | - | - | |
47/48 |
20,153 | 20,689 | 2,704 | 1,778 | 4,000 | |
| Income statement | ||||||
9900 |
116,386 | 52,109 | 51,362 | 43,991 | 32,046 | |
62 |
83,392 | 7,414 | 3,816 | - | - | |
630 |
22,485 | 21,361 | 15,528 | 4,536 | 2,125 | |
640/8 |
409 | 924 | 662 | 106 | 188 | |
66A |
- | - | 398 | 125 | - | |
9901 |
10,100 | 22,410 | 30,958 | 39,224 | 29,733 | |
75/76B |
294 | 295 | 508 | 198 | 0 | |
75 |
294 | 295 | 508 | 198 | 0 | |
65/66B |
6,453 | 4,513 | 2,969 | 589 | 30 | |
65 |
6,453 | 4,513 | 2,969 | 589 | 30 | |
9903 |
3,941 | 18,192 | 28,497 | 38,833 | 29,703 | |
67/77 |
1,393 | 4,323 | 5,755 | 6,589 | 5,714 | |
9904 |
2,548 | 13,869 | 22,742 | 32,244 | 23,989 | |
9905 |
2,548 | 13,869 | 22,742 | 32,244 | 23,989 | |
| Appropriation of the result | ||||||
9906 |
2,548 | 13,999 | 23,130 | 32,388 | 23,144 | |
14P |
- | 130 | 388 | 144 | -845 | |
791/2 |
- | 49,412 | - | - | - | |
691/2 |
2,548 | 13,999 | 23,000 | 32,000 | 23,000 | |
6921 |
2,548 | 13,999 | 23,000 | 32,000 | 23,000 | |
694/7 |
- | 49,412 | - | - | - | |
694 |
- | 49,412 | - | - | - | |
| Social balance sheet | ||||||
9087 |
1.3 | 0.3 | 0.7 | - | - | |
Hours worked1013 |
2,268 | 224 | 808 | - | - | |
| Document | ||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 07-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 7 days after the deadline. Filed on 7 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00108223.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 07-05-2026 | 2026-00108223 | |
| 30-09-2024 | full format | 30-04-2025 | 2025-00086152 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00079451 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00075457 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20021756 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 32,585 | 43,771 | 46,486 | 43,760 | 31,858 | ||
| 25,033 | 35,230 | 38,270 | 36,780 | 26,114 | ||
| 12,143 | 11,631 | 45,711 | 37,366 | 14,189 | ||
| 32,125 | 16,556 | 17,452 | -2,629 | - | ||
| 44,733 | 7,701 | 43,472 | 33,640 | 12,080 | ||
| 25.0% | 35.7% | 53.1% | 56.8% | 65.8% | ||
| 1.53 | 1.16 | 2.42 | 2.62 | 1.96 | ||
| 2.99 | 1.80 | 0.88 | 0.76 | 0.52 | ||
| 5.5% | 31.8% | 28.7% | 57.2% | 99.4% | ||
| 1.4% | 11.4% | 15.3% | 32.5% | 65.3% | ||
| 5.05 | 9.70 | 15.66 | 74.30 | over 100 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 |
|---|---|---|---|
| 1.3 | 0.3 | 0.7 | |
| Joined | 6 | 2 | 2 |
| Left | 6 | 2 | 2 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,143 | €11,631 | €45,711 | €37,366 | €14,189 |
| €22,485 | €21,361 | €15,528 | €4,536 | €2,125 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on kenoconstruct
The operating result for 2025 is 55% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Debt's share of the balance-sheet total rises from 64.3% to 75.0%. Equity and debt are higher.
Board & ownership
Board
2 directorsMandates through the years
2 names, the dashed line is todayDAGRAIN Renaud
Director
Director
DECLEVE Kévin
Director
Director
Boardmandate already running before its first mention
Mandates as a list
- DAGRAIN Renaud
- Director, since before 30-09-2021
- DECLEVE Kévin
- Director, since before 30-09-2021
Control
Capital
- Contribution
- €1,000
- Source
- 2025 annual accounts
Network & group
No group
kenoconstruct has no parent and no holdings in its annual accounts. kenoconstruct shares no director with another company.
Timeline
Timeline
10 events since 2019Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 30-04-2027
2026
Annual accounts 2025 filed PDFfull format · 7 days late
2025
Weakest financial year net €2,548 ▼81.6% The net result drops to €2,548, the lowest from 2021 to 2025.
Annual accounts 2024 filed PDFfull format · on the deadline day
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Annual accounts 2022 filed PDFmicro format · 2 days before the deadline
2022
Highest result from 2021 to 2025 net €32,244 ▲34.4% The operating result of €39,224 and the net result of €32,244 are both a record.
Annual accounts 2021 filed PDFmicro format · 1 day before the deadline
2020
Registered in the Peppol Directory Reachable for e-invoices through 0208:0737571964
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0737.571.964
- VAT number
- BE 0737.571.964
- Peppol ID
- 0208:0737571964
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-11-2019
- Financial year
- ends on 30 September
- Peppol
- Reachable since 20-11-2020Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- kenoconstruct in French
- Entity type
- Legal entity
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43331
Floor and wall tiling
Codes under NACEBEL 2008
41201
General construction of buildings main activity
43331
Floor and wall tiling
43994
Specialised construction activities
43999
Specialised construction activities
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| KENOCONSTRUCT SNC registered office Rue Le Chat 115, 7812 Ath 4100101 General construction of residential buildings | 09-11-2019 | 2.295.540.533 |
Buildings and parcels at the address
- Ground area
- 687 m²
- Buildings
- 169 m²
- Volume, LiDAR
- 992 m³
- Tallest building
- 7.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 51033B0284/00C000 | 687 m² | 1 · 169 m² | 7.9 m · 2 |
Contact
E-mail
dagrainrenaud@icloud.com
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0737.571.964