Debts
€258,705 93% of the balance sheet
Suppliers 11%Taxes and wages 7%Other 82%
KEW
Lifetime
13 annual accounts with figures on one time axispeak €38,111 (2023)
€12,450▲ €42,401
lowest -€29,740 (2013)
€3,518▲ €12,192
peak €34,418 (2020)
€19,078▲ 22.6%
€258,705▲ 1.7%
Board1 name since 2012
1 directorALMAHAFZAH Eyad
Documentsfilings and deeds
01-07-202630 days before the deadline
2025micro format
Gross margin from -€29,952 to €12,450Back to profit: €3,518Equity from €15,560 to €19,078Investments €10,450Cash from €2,000 to €5,554
Key points
from the 2025 annual accountsInvestments
€16,450 5.0 × depreciation
Green is investment, beige is depreciation.
Staff
1 employees on 31-12-2025
In 2025, 3 people joined and 3 left.
Checked score
83
Excellent
Financially stronger than 37% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -0.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €19,078 (6.9% of total assets)
Sector: Wholesale trade (NACE 46)
lowers risk
Size: total assets €277,783
Founded in 2012
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 46, micro). It does better than 21% of them on solvency, 5% on liquidity, 46% on profitability and 77% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 1,375 companies had the same profile as KEW has now. Each dot stands for 4 companies, two years later.
95.9%
were still trading
1.6%
stopped another way
2.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KEW itself is lower: 0.4% within 12 months. It rests on far more data about KEW than the profile alone.
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 1,375 companies, not a prediction for KEW. 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 €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.0 (1.02 in 2024), below the usual 1.5. Short-term debt is 93.1% and cash 2% of total assets. 93.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 13800 sector peers (2025).
NBB · sector comparisonPosition among 13800 sector peers
Solvency
better than 24%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
33 days early
2023
37 days early
2022
28 days late
2021
18 days early
2020
17 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0846244034
First establishment
Van Langenhovestraat 260, Dendermonde
Registered office moved from Lebbeke to Dendermonde
New registered office: Van Langenhovestraat 260, 9200 Dendermonde · Previous registered office: Kloosterstraat 14, 9280 Lebbeke · General meeting of 15-09-2018 · Gazette deed
Incorporation
published on 11-06-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KEW Dendermonde | €277,783 | €12,450 | 6.9% | - |
| SCHONINGH FASHION Wemmel | €271,983 | €19,248 | 96.6% | - |
| DIFFRENT STUDIO Maldegem | €344,838 | €29,305 | 5.4% | 0.2 |
| MOOI! Eeklo | €143,184 | €11,361 | 57.0% | - |
| KenT agency Gavere | €223,787 | €33,633 | 48.0% | - |
| Bonjoursoleil De Haan | €254,198 | €25,415 | 11.7% | - |
| KIDS STAR Schaerbeek | €164,983 | €14,719 | -3.1% | - |
These companies have the same main activity as KEW: agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160). They are comparable in size and age: total assets between €143,000 and €345,000, founded between 2008 and 2013.
Official details
Source: KBO- Status
- Active since 31-05-2012Normal situation
- Activity
- Agents in the wholesale of textiles, clothing, fur, footwear and leather goodsNACE 46160and 1 other
- Establishment unit
- 2.314.745.7419200 Dendermonde, since 01-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Annual accounts 2025
- ≈ €110,000estimated
- €277,783▲ 2.9%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on KEW
KEW files the micro format. That format states no turnover. The gross margin rose from -€28,862 in 2013 to €12,450 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 KEW
- What is the company number of KEW?
- The company number of KEW is 0846.244.034. The VAT number is the same number with BE in front: BE 0846.244.034.
- Where is KEW based?
- The registered office is at Van Langenhovestraat 260, 9200 Dendermonde.Company details
- What does KEW do?
- According to the KBO register, the main activity is agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160).
- What is the legal form of KEW?
- KEW is a private limited company (pre-2019) (BVBA).
- When was KEW founded?
- KEW was founded on 31-05-2012.
- Is KEW still active?
- Yes, KEW is an active enterprise in the KBO register.
- How many employees does KEW have?
- KEW had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of KEW?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €12,450 and 71 comparable companies (NACE 461). It probably lies between €48,000 and €200,000. It is a rough estimate.
- Is KEW profitable?
- In financial year 2025, KEW made a profit of €3,518.
- Where can I find the annual accounts of KEW?
- KEW filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KEW due?
- KEW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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