Equity
-€990,862
Debts exceed assets in financial year 2025.
KERN DEVELOPMENT
Lifetime
8 annual accounts with figures on one time axispeak €300,220 (2021)
-€109,015▼ €21,771
lowest -€508,345 (2019)
-€109,268▼ €24,452
peak €19,832 (2018)
-€990,862▼ €109,268
€2.3m▲ 9.7%
peak 0 FTE (2022)
-not published
Board2 names since 2017
1 director
Owners
50%
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from -€87,244 to -€109,015Loss of €109,268Equity from -€881,594 to -€990,862Cash from €27,300 to €4,665
Key points
from the 2025 annual accountsLosses
-€404,668 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€2.3m 175% of the balance sheet
Financial debts 90%Suppliers 8%Taxes and wages 0%Other 1%
Of this, €222,246 falls due within a year.
Filings
8 annual accounts 8 late
The 2025 accounts came latest: 31 days after the end of the period.
Starting capital
€18,600 100 shares
Position in the sector
-75.2%
Lower solvency than 95% of companies in real estate. Sector median 30.2% · 12,423 companies.
Turnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as KERN DEVELOPMENT has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,167 companies, not a prediction for KERN DEVELOPMENT. 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 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
Board and ownership
Director,
- 50%score equity €11.7m (2025) · 30-09-2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0683792986
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Roeselare
Environmental permit refused
Aanleg van nieuwe verkeersweg, Het reliëf van de bodem aanmerkelijk wijzigen, Hoogstammige bomen vellen die geen deel uitmaken van een bos and 1 more · Provincie West-Vlaanderen
1 director appointed, 1 resignation
Resignation: · Appointment: · Permanent representative: · General meeting of 08-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KERN DEVELOPMENT Roeselare | €1.3m | -€109,015 | -75.2% | - |
| DGR Offices Roeselare | €1.5m | €138 | 27.5% | 0 |
| HERON PROJECTS Roeselare | €1.4m | -€67,285 | 66.3% | - |
| ENTER GREEN AVENUE Waregem | €1.3m | -€16,194 | 2.6% | - |
| LUCCO INVEST Knokke-Heist | €1.4m | -€3,050 | 8.8% | - |
| Novadomo Waregem | €1.3m | -€76,890 | -5.4% | - |
| COVABOUW Wielsbeke | €1.2m | -€18,042 | 4.0% | - |
These companies have the same main activity as KERN DEVELOPMENT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.2m and €1.5m, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 27-10-2017Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.276.600.4908800 Roeselare, since 27-10-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2025
Insights on KERN DEVELOPMENT
KERN DEVELOPMENT files the abbreviated format. That format states no turnover. The gross margin fell from -€1,376 in 2018 to -€109,015 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KERN DEVELOPMENT
- What is the company number of KERN DEVELOPMENT?
- The company number of KERN DEVELOPMENT is 0683.792.986. The VAT number is the same number with BE in front: BE 0683.792.986.
- Where is KERN DEVELOPMENT based?
- The registered office is at Brabantstraat 38, 8800 Roeselare.Company details
- What does KERN DEVELOPMENT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of KERN DEVELOPMENT?
- KERN DEVELOPMENT is a private limited company (BV).
- When was KERN DEVELOPMENT founded?
- KERN DEVELOPMENT was founded on 27-10-2017.
- Is KERN DEVELOPMENT still active?
- Yes, KERN DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of KERN DEVELOPMENT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is KERN DEVELOPMENT profitable?
- In financial year 2025, KERN DEVELOPMENT made a loss of €109,268.
- Where can I find the annual accounts of KERN DEVELOPMENT?
- KERN DEVELOPMENT filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KERN DEVELOPMENT due?
- KERN DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.