KENWELD · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of KENWELD is 1.9% (moderate). The 2024 annual accounts show equity of €94k and a net result of €65k. Equity is growing by ~130.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 692 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	07-08-2025	7 d late	2025-00363676
31-12-2023	31-07-2024	26-07-2024	5 d early	2024-00285899
31-12-2022	31-07-2023	02-08-2023	2 d late	2023-00307486

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.9% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€65k+468.7%

Working capital€86k+169.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 07-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~130.4%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 25 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	58.0%	39.3%	better than 71% of 692 sector peers
Net result	€65k	€13k	better than 89% of 691 sector peers
Equity	€94k	€37k	better than 77% of 692 sector peers
Gross operating margin	€286k	€39k	better than 95% of 690 sector peers
Staff costs	€195k	€30k	higher than 93% of 237 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P71

Stable position over 2022-2024 · n=426-692

Net result P89

Improving position over 2022-2024 · n=426-691

Equity P77

Improving position over 2022-2024 · n=426-692

Gross operating margin P95

Improving position over 2022-2024 · n=425-690

Describes the position versus peers, not a forecast.

EBITDA

€90k

+365.7% 22-24

Net profit

€65k

+468.7% 22-24

Cash flow

€68k

+432.2% 22-24

Total assets

€163k

+148.1% 22-24

Equity

€94k

+221.8% 22-24

Working capital

€86k

+169.4% 22-24

Employees (FTE)

4

+125.0% 22-24

Staff costs

€195k

+181.5% 22-24

Income taxes

€18k

+350.8% 22-24

Debt

€68k

+88.4% 22-24

Debt ≤ 1y

€61k

+112.8% 22-24

Debt > 1y

€8k

-0.6% 22-24

Current ratio

2.43

+14.1% 22-24

Quick ratio

2.43

+14.1% 22-24

Solvency

58.0%

+29.7% 22-24

Debt / equity

0.72

-41.4% 22-24

ROE

68.9%

+76.7% 22-24

ROA

40.0%

+129.2% 22-24

Interest coverage

20.17

+174.8% 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€90k
Net profit	€65k
Cash flow	€68k
Staff costs	€195k
Income taxes	€18k
Dividends	-
Total assets	€163k
Equity	€94k
Debt	€68k
of which ≤ 1y	€61k
of which > 1y	€8k
Working capital	€86k
Employees (FTE)	3.6

Ratios (computed)

	2024
Current ratio	2.43
Quick ratio	2.43
Working capital ratio	53.0%
Solvency	58.0%
Debt / equity	0.72
Long-term debt ratio	0.08
Interest coverage	20.17
Gross margin	-
Net margin	-
ROA	40.0%
ROE	68.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €16k · 9.8% Current assets €147k · 90.3%

Equity & liabilities

Equity €94k · 58.0% Debt €68k · 42.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€163k
Fixed assets	21/28	€16k
Tangible fixed assets	22/27	€14k
Financial fixed assets	28	€2k
Current assets	29/58	€147k
Amounts receivable within one year	40/41	€100k
Cash & bank	54/58	€46k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€163k
Equity	10/15	€94k
Contributions / capital	10/11	€2k
Accumulated profits (losses)	14	€92k
Amounts payable	17/49	€68k
Amounts payable after one year	17	€8k
Amounts payable within one year	42/48	€61k
Trade debts payable within one year	44	€42k
Income statement
Gross operating margin	9900	€286k
Operating result	9901	€87k
Financial income	75	€195
Financial charges	65	€4k
Result before taxes	9903	€83k
Income taxes	67/77	€18k
Net result for the period	9904	€65k
Result to be appropriated	9905	€65k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

under verification

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (25122984). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

KT ManagementLegal entity
Director· perm. rep.: Kenneth Thijs
State Gazette act 25122984 (29-09-2025)

Current
11-07-2025 → present
2 events
- 11-07-2025 Appointed· Director
- 11-07-2025 Appointed· Managing director
Jo Nelissen
Director
State Gazette act 25122984 (29-09-2025)

Current
27-06-2025 → present
Metatron HoldingLegal entity
Director· perm. rep.: Rosaline Wijnen
State Gazette act 25122984 (29-09-2025)

Current
27-06-2025 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Verspanend bewerken van metalen(25530)
Legal form	Private limited company(610)
Incorporation	01-10-2021
Status	Active
Postal code	3530

Structure & network

Connections & network

4 connected companies

Group structureShared directors

Group structure

KT Management

Sits on the board · 1 subsidiary · 1 location

Control→

Metatron Holding

Sits on the board · 3 subsidiaries · 1 location

Control→

Network connections

Poels

Shared corporate director

→

SIMABS

Shared corporate director

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

2 parties

Control over this companysits on this company's board2

Metatron Holding

3 subsidiaries · 1 location

KT Management

1 subsidiary · 1 location

controls

KENWELDBE 0774.934.681

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank

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.

Europark 10053530 Houthalen-Helchteren

Establishment units

1 location

KENWELD

Europark 1005, 3530 Houthalen-HelchterenVervaardiging van metalen constructiewerken en delen daarvan

since 20212.322.549.786

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1.1 ha

Buildings1

Building footprint5,558 m²

Volume (LiDAR)33,170 m³

Tallest building8.3 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72015D0578/00W000	Flanders	1.1 ha	1 · 5,558 m²	8.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

3 acts

Address history · 1

24-02-2026

Registered-office move

All acts · 3 updated 5 months ago

2026

24-02-2026 Registered office moved to Houthalen-Helchteren Registered-office change

Europark 1005 bus 10, 3530 Houthalen-Helchteren

Original publication ↗

2025

29-09-2025 4 directors appointed Director changes

Rosaline Wijnen, Bestuurder
Jo Nelissen, Bestuurder
Kenneth Thijs, Bestuurder
Kenneth Thijs, Gedelegeerd bestuurder

Summary: v3.2

Original publication ↗

2021

05-10-2021 Incorporation of a new BV Incorporation

Summary: oprichting

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

94 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 98

Growth 78

Stability 94

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