Kiewit
ActiveSummary
Kiewit has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.13M and a net result of €198k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 11.24 against 7.6 in 2024; short-term debt: 6.5% and cash: 8.8% of total assets), and 8.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.9%
Return on assets
16.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
70 d early
2023
68 d early
2022
71 d early
2021
68 d early
2020
60 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.13M▲ 21.2%
2024 · €932k
2019: €368klowest in 7 years
2020: €447k▲ +21.5% vs 2019
2021: €588k▲ +31.5% vs 2020
2022: €661k▲ +12.3% vs 2021
2023: €806k▲ +22.0% vs 2022
2024: €932k▲ +15.7% vs 2023
2025: €1.13M▲ +21.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.23M▲ 17.7%
2024 · €1.04M
2019: €726k
2020: €665k▼ -8.5% vs 2019lowest in 7 years
2021: €756k▲ +13.7% vs 2020
2022: €816k▲ +7.9% vs 2021
2023: €936k▲ +14.8% vs 2022
2024: €1.04M▲ +11.5% vs 2023
2025: €1.23M▲ +17.7% vs 2024highest in 7 years
2019 → 2025
Net result
€198k▲ 56.6%
2024 · €126k
2019: €62klowest in 7 years
2020: €79k▲ +27.8% vs 2019
2021: €141k▲ +78.0% vs 2020
2022: €72k▼ -48.5% vs 2021
2023: €145k▲ +100% vs 2022
2024: €126k▼ -13.0% vs 2023
2025: €198k▲ +56.6% vs 2024highest in 7 years
2019 → 2025
Working capital
€822k▲ 33.0%
2024 · €618k
2019: €24klowest in 7 years
2020: €107k▲ +347% vs 2019
2021: €271k▲ +153% vs 2020
2022: €372k▲ +36.9% vs 2021
2023: €485k▲ +30.4% vs 2022
2024: €618k▲ +27.5% vs 2023
2025: €822k▲ +33.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€588k-€661k▲ 12.3%€806k▲ 22.0%€932k▲ 15.7%€1.13M▲ 21.2%
2021: €588klowest in 5 years
2022: €661k▲ +12.3% vs 2021
2023: €806k▲ +22.0% vs 2022
2024: €932k▲ +15.7% vs 2023
2025: €1.13M▲ +21.2% vs 2024highest in 5 years
Operating result€207k-€116k▼ 44.0%€209k▲ 79.7%€184k▼ 11.6%€180k▼ 2.1%
2021: €207k
2022: €116k▼ -44.0% vs 2021lowest in 5 years
2023: €209k▲ +79.7% vs 2022highest in 5 years
2024: €184k▼ -11.6% vs 2023
2025: €180k▼ -2.1% vs 2024
Net result€141k-€72k▼ 48.5%€145k▲ 100%€126k▼ 13.0%€198k▲ 56.6%
2021: €141k
2022: €72k▼ -48.5% vs 2021lowest in 5 years
2023: €145k▲ +100% vs 2022
2024: €126k▼ -13.0% vs 2023
2025: €198k▲ +56.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.23M
Fixed assets
€327k ▼ 1.6%
Current assets
€902k ▲ 26.7%
Equity and liabilities €1.23M
Equity
€1.13M ▲ 21.2%
Debt
€99k ▼ 11.5%
Debt's share of the balance-sheet total falls from 10.8% to 8.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€186k▼
2024 · €191k
Cash flow
€203k▲
2024 · €133k
Current ratio
11.24▲
2024 · 7.60
Debt to equity
0.09▼
2024 · 0.12
ROE
17.5%▲
2024 · 13.6%
ROA
16.1%▲
2024 · 12.1%
Interest coverage
24.88▲
2024 · 16.16
Debt ≤ 1 year
€80k▼
2024 · €94k
Income taxes
€67k▲
2024 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.04M€1.23M▲
Fixed assets21/28€333k€327k▼
Tangible fixed assets22/27€333k€327k▼
Land and buildings22€330k€326k▼
Plant, machinery and equipment23€2k€737▼
Furniture and vehicles24€1k€818▼
Current assets29/58€712k€902k▲
Amounts receivable within one year40/41€24k€22k▼
Trade receivables40€24k€22k▼
Current investments50/53€598k€717k▲
Cash at bank and in hand54/58€65k€108k▲
Deferred charges and accrued income490/1€25k€56k▲
Equity and liabilities
Total equity and liabilities10/49€1.04M€1.23M▲
Equity10/15€932k€1.13M▲
Contributions10/11€198k€198k=
Reserves13€734k€932k▲
Tax-exempt reserves132€27k€27k=
Distributable reserves133€707k€905k▲
Amounts payable17/49€112k€99k▼
Amounts payable within one year42/48€94k€80k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€10k€6k▼
Taxes450/3€10k€6k▼
Other amounts payable47/48€82k€73k▼
Accrued charges and deferred income492/3€19k€19k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€17k€18k▲
Gross operating margin9900€209k€204k▼
Operating profit (loss)9901€184k€180k▼
Financial income75/76B€13k€92k▲
Recurring financial income75€13k€92k▲
Financial charges65/66B€12k€7k▼
Recurring financial charges65€12k€7k▼
Profit (loss) for the period before taxes9903€186k€265k▲
Income taxes67/77€59k€67k▲
Profit (loss) for the period9904€126k€198k▲
Profit (loss) for the period to be appropriated9905€126k€198k▲
Appropriation of the result
Profit (loss) to be appropriated9906€126k€198k▲
Transfer to equity691/2€126k€198k▲
To other reserves6921€126k€198k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €27k | €5k | €7k | €5k | ▼ 22.7% |
| Other operating charges640/8 | - | €15k | €16k | €17k | €18k | ▲ 4.3% |
| Gross operating margin9900 | €254k | €158k | €229k | €209k | €204k | ▼ 2.3% |
| Operating profit (loss)9901 | €207k | €116k | €209k | €184k | €180k | ▼ 2.1% |
| Financial income75/76B | - | €4k | €6k | €13k | €92k | ▲ 592% |
| Recurring financial income75 | €3k | €4k | €6k | €13k | €92k | ▲ 592% |
| Financial charges65/66B | - | €5k | €5k | €12k | €7k | ▼ 36.9% |
| Recurring financial charges65 | €6k | €5k | €5k | €12k | €7k | ▼ 36.9% |
| Profit (loss) for the period before taxes9903 | €204k | €115k | €210k | €186k | €265k | ▲ 42.4% |
| Income taxes67/77 | €63k | €42k | €65k | €59k | €67k | ▲ 12.3% |
| Profit (loss) for the period9904 | €141k | €72k | €145k | €126k | €198k | ▲ 56.6% |
| Transfer to tax-exempt reserves689 | - | €4k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €136k | €68k | €145k | €126k | €198k | ▲ 56.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €756k | €816k | €936k | €1.04M | €1.23M | ▲ 17.7% |
| Fixed assets21/28 | €333k | €306k | €339k | €333k | €327k | ▼ 1.6% |
| Tangible fixed assets22/27 | €333k | €306k | €339k | €333k | €327k | ▼ 1.6% |
| Land and buildings22 | - | €300k | €334k | €330k | €326k | ▼ 1.2% |
| Plant, machinery and equipment23 | - | €6k | €4k | €2k | €737 | ▼ 52.3% |
| Furniture and vehicles24 | - | €151 | €2k | €1k | €818 | ▼ 33.6% |
| Current assets29/58 | €423k | €510k | €597k | €712k | €902k | ▲ 26.7% |
| Amounts receivable within one year40/41 | €19k | €13k | €15k | €24k | €22k | ▼ 7.2% |
| Trade receivables40 | - | €13k | €15k | €24k | €22k | ▼ 7.2% |
| Current investments50/53 | €154k | €307k | €320k | €598k | €717k | ▲ 19.9% |
| Cash at bank and in hand54/58 | €249k | €165k | €242k | €65k | €108k | ▲ 65.1% |
| Deferred charges and accrued income490/1 | - | €25k | €20k | €25k | €56k | ▲ 120% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €756k | €816k | €936k | €1.04M | €1.23M | ▲ 17.7% |
| Equity10/15 | €588k | €661k | €806k | €932k | €1.13M | ▲ 21.2% |
| Contributions10/11 | - | €198k | €198k | €198k | €198k | = |
| Reserves13 | €390k | €462k | €607k | €734k | €932k | ▲ 27.0% |
| Non-distributable reserves130/1 | - | €20k | - | - | - | - |
| Reserves not available under the articles1311 | - | €20k | - | - | - | - |
| Tax-exempt reserves132 | - | €27k | €27k | €27k | €27k | = |
| Distributable reserves133 | - | €415k | €580k | €707k | €905k | ▲ 28.0% |
| Profit (loss) carried forward14 | €-35k | - | - | - | - | - |
| Amounts payable17/49 | €168k | €155k | €131k | €112k | €99k | ▼ 11.5% |
| Amounts payable within one year42/48 | €152k | €138k | €112k | €94k | €80k | ▼ 14.3% |
| Trade debts44 | €193 | €4k | €3k | €2k | €1k | ▼ 11.7% |
| Suppliers440/4 | - | €4k | €3k | €2k | €1k | ▼ 11.7% |
| Taxes, remuneration and social security45 | - | €13k | €20k | €10k | €6k | ▼ 38.0% |
| Taxes450/3 | - | €13k | €20k | €10k | €6k | ▼ 38.0% |
| Other amounts payable47/48 | - | €121k | €89k | €82k | €73k | ▼ 11.5% |
| Accrued charges and deferred income492/3 | - | €17k | €18k | €19k | €19k | ▲ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141k | €72k | €145k | €126k | €198k | ▲ 56.6% |
| + Depreciation and write-downs630 | €32k | €27k | €5k | €7k | €5k | ▼ 22.7% |
| Operating cash flow (approximation) | €173k | €99k | €150k | €133k | €203k | ▲ 52.5% |
| Investment in fixed assets (approximation) | - | €0 | €-38k | €0 | €0 | - |
| Change in cash | - | €-84k | €77k | €-177k | €42k | ▲ 124% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €198k ▲56.6%
Net result €198k, the highest in the series.
30-06
Financial
Equity above €1MEq €1.13M ▲21.2%
7 profitable years in a row build equity to €1.13M.
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €500kEq €588k ▲31.5%
3 profitable years in a row build equity to €588k.
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Hasselt · 1 establishment unit since 1972
Ground area
1,770 m²
Building footprint
934 m²
Volume, LiDAR
3,623 m³
Parcel 71022H1480/00A000, Flanders · tallest building 13.9 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Jeanne Moermansstraat 8, 3500 Hasselt
since 19722.008.081.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1480/00A000 | Flanders | 1,770 m² | 1 · 934 m² | 13.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400E3S0LMTORBSI43
Similar companies · same sector, comparable size
DIMMO PROJECTS
BE 0818.714.246
Lommel · Eq €1,130,068
BMS GAUME
BE 0462.130.368
Meix-devant-Virton · Eq €1,128,985
Dermo
BE 0451.667.533
Wichelen · Eq €1,133,326
WELLNESS-INVEST
BE 0886.391.938
Brecht · Eq €1,133,759
VETS-INVEST
BE 0688.906.371
Damme · Eq €1,126,142
Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-02-1973
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
63920Other information service activities
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
82100Office administrative and support services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.