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Generated 08-08-2026
Active BE 0727.641.540Private limited company

KITCHEN RETAIL DESIGN

Chaussée de Bruxelles 720 ·1410 Waterloo, Belgium· 7 yrs active
Sector: Retail trade (47551)
Conclusion Checked

The computed 12-month bankruptcy probability of KITCHEN RETAIL DESIGN is 3.3% (moderate). The 2024 annual accounts show negative equity (€-241k) and a net result of €-86k. Equity is shrinking by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 865 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €-241k
Net result €-86k
Staff (FTE) 3.9
Better than sector 5%
Snowflake analysis 5 axes · computed by Checked
Health7Profitability100Solvency35Growth58Stability100
60 / 100

Strong profile, led by profitability.

Health 7
Profitability 100
Solvency 35
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
3.3% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

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

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
7 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · volledig
€-300k€-200k€-100k€0Operating result 2020: €-214k€-214kNet result 2020: €-205k€-205kOperating result 2021: €-82k€-82kNet result 2021: €-55k€-55kOperating result 2022: €-20k€-20kNet result 2022: €19k€19kOperating result 2023: €-53k€-53kNet result 2023: €-14k€-14kOperating result 2024: €-118k€-118kNet result 2024: €-86k€-86k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~14.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
€-400k€-300k€-200k€-100k2025: €-218k (€-250k - €-186k)2026: €-241k (€-292k - €-189k)2027: €-263k (€-334k - €-193k)2020: €-105k2021: €-160k2022: €-141k2023: €-155k2024: €-241k20202021202220232024202520262027
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 47, Retail trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -73.7% 17.4%
better than 5% of 865 sector peers
Net result €-86k €14k
better than 13% of 866 sector peers
Equity €-241k €100k
better than 7% of 867 sector peers
Gross operating margin €254k €213k
better than 55% of 793 sector peers
Staff costs €273k €219k
higher than 57% of 714 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-20k
- far below sector median
Net profit
€-86k
-524.5% -254% vs sector
Cash flow
€13k
-84.8% +95% vs sector
Total assets
€327k
-29.4% -73% vs sector
Equity
€-241k
-55.5% far below sector median
Working capital
€-215k
-8.6% -73% vs sector
Employees (FTE)
4
+2.6% -77% vs sector
Staff costs
€273k
-0.1% -58% vs sector
Income taxes
€792
-24.0% +7% vs sector
Debt
€569k
-8.2% -52% vs sector
Debt ≤ 1y
€493k
-4.3% -58% vs sector
Debt > 1y
€60k
-42.1% -86% vs sector
Current ratio
0.56
-8.5% -42% vs sector
Quick ratio
0.22
-31.0% -68% vs sector
Solvency
-73.7%
-120.4% far below sector median
Debt / equity
-2.36
+40.9% far below sector median
ROE
35.7%
+301.5% far above sector median
ROA
-26.3%
-785.0% far below sector median
Interest coverage
-1.97
- far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-20k
Net profit€-86k
Cash flow€13k
Staff costs€273k
Income taxes€792
Dividends-
Total assets€327k
Equity€-241k
Debt€569k
of which ≤ 1y€493k
of which > 1y€60k
Working capital€-215k
Employees (FTE)3.9
Ratios (computed)
2024
Current ratio0.56
Quick ratio0.22
Working capital ratio-65.7%
Solvency-73.7%
Debt / equity-2.36
Long-term debt ratio-0.25
Interest coverage-1.97
Gross margin-
Net margin-
ROA-26.3%
ROE35.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€327k
Fixed assets 21/28€47k
Formation expenses 20€2k
Intangible fixed assets 21€2k
Tangible fixed assets 22/27€15k
Financial fixed assets 28€31k
Current assets 29/58€278k
Stocks & contracts in progress 3€169k
Amounts receivable within one year 40/41€83k
Cash & bank 54/58€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€327k
Equity 10/15€-241k
Contributions / capital 10/11€100k
Accumulated profits (losses) 14€-341k
Amounts payable 17/49€569k
Amounts payable after one year 17€60k
Amounts payable within one year 42/48€493k
Trade debts payable within one year 44€107k
Income statement
Gross operating margin 9900€254k
Operating result 9901€-118k
Financial income 75€43k
Financial charges 65€10k
Result before taxes 9903€-85k
Income taxes 67/77€792
Net result for the period 9904€-86k
Result to be appropriated 9905€-86k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 5 directors
Current directors & mandates
  • IZSLegal entity
    Director· perm. rep.: Zagarella Saivatore
    State Gazette act 26008694 (19-01-2026)
    Current
    02-01-2026 → present
  • NOIDUE INVESTLegal entity
    Director· perm. rep.: VL PARQUET
    State Gazette act 26008694 (19-01-2026)
    Current
    02-01-2026 → present
  • VL PARQUETSLegal entity
    Director· perm. rep.: Luigi VELLA
    State Gazette act 26311000 (16-02-2026)
    Current
    02-01-2026 → present
    2 events
    • 10-02-2026 Appointed· Director
    • 02-01-2026 Appointed· Director
Former directors (2)
  • GD INVESTMENTLegal entity
    Director· perm. rep.: Gilles DENIS
    State Gazette act 26008694 (19-01-2026)
    Former
    - → 02-01-2026
  • KIT and DESIGNLegal entity
    Director· perm. rep.: Charles VANDEN BORRE
    State Gazette act 26008694 (19-01-2026)
    Former
    - → 02-01-2026
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Retail trade(47551)
Legal form Private limited company(610)
Incorporation29-05-2019
StatusActive
Postal code1410
Connections & network 4 connected companies
Group structure
IZS
Parent · 1 subsidiary · 1 location
Control→
NOIDUE INVEST
Parent · 2 subsidiaries · 1 location
Control→
VL PARQUETS
Parent · 2 subsidiaries · 1 location
Control→
Network connections
NOIDUE ZAVENTEM
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
KITCHEN RETAIL DESIGN
Chaussée de Bruxelles 720, 1410 WaterlooMontage van buiten- en binnenschrijnwerk van hout of van kunststof : deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz
since 20192.290.207.909
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25764Q0027/00E000 Wallonia 3,739 m² 1 · 2,429 m² -
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.
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
16-02-2026
State Gazette act Statutes amendment
v3.2
19-01-2026
State Gazette act Director changes
v3.2
2025
19-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
04-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
04-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
11-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
01-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2019
03-06-2019
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 5 months ago
2026
16-02-2026 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2026-02-10",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0727.641.540",
    "name_full": "KITCHEN RETAIL DESIGN, EN ABREGE : KRD",
    "legal_form": "SRL"
  },
  "signature_regime": null,
  "special_mandates": [
    {
      "quote": "L\u2019assembl\u00E9e donne, par la pr\u00E9sente, mandat expr\u00E8s \u00E0 AXIS Partners, repr\u00E9sent\u00E9e par Monsieur Laurent Van Brempt, en vue de r\u00E9aliser toute \u00E9ventuelle d\u00E9marche n\u00E9cessaire en vertu de la pr\u00E9sente modification des statuts (BCE, TVA, administrations diverses, \u2026).",
      "holder_kbo": null,
      "holder_name": "AXIS Partners",
      "scope_categories": [
        "tax",
        "filing",
        "administrative_procedures"
      ],
      "with_substitution": false
    }
  ],
  "governance_change": {
    "admin_delegated_added": []
  }
}
19-01-2026 3 directors appointed, 2 resigning Director changes
  • VL PARQUET, Bestuurder
  • Vella Luigi, Bestuurder
  • Zagarella Saivatore, Bestuurder
  • Charles VANDEN BORRE, Bestuurder
  • Gilles DENIS, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Charles VANDEN BORRE",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": "0424858218",
        "name": "SRL KIT and DESIGN",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2026-01-02",
      "evidence_quote": "La d\u00E9mission de (1) la SRL KIT and DESIGN (BE0424.858.218) repr\u00E9sent\u00E9e par Monsieur Charles VANDEN BORRE, (2) La SRL GD INVESTMENT (BE 0899.107.648) repr\u00E9sent\u00E9e par Monsieur Gilles DENIS, en leur qualit\u00E9 d\u0027administrateurs \u00E0 compter de ce jour."
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Gilles DENIS",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": "0899107648",
        "name": "La SRL GD INVESTMENT",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2026-01-02",
      "evidence_quote": "La d\u00E9mission de (1) la SRL KIT and DESIGN (BE0424.858.218) repr\u00E9sent\u00E9e par Monsieur Charles VANDEN BORRE, (2) La SRL GD INVESTMENT (BE 0899.107.648) repr\u00E9sent\u00E9e par Monsieur Gilles DENIS, en leur qualit\u00E9 d\u0027administrateurs \u00E0 compter de ce jour."
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "VL PARQUET",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": "1021228074",
        "name": "la soci\u00E9t\u00E9 NOIDUE INVEST",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2026-01-02",
      "evidence_quote": "La nomination de (1) la soci\u00E9t\u00E9 NOIDUE INVEST, (BE1021:228.074) repr\u00E9sent\u00E9e par la soci\u00E9t\u00E9 VL PARQUET (BE 0843.608.010) repr\u00E9sent\u00E9e par Vella Luigi et (2) repr\u00E9sent\u00E9e par la soci\u00E9t\u00E9 IZS (B\u0415 0883.454.719) repr\u00E9sent\u00E9e par Zagarella Saivatore en qualit\u00E9 d\u0027administrateurs \u00E0 compter de ce jour."
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Vella Luigi",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": "0843608010",
        "name": "la soci\u00E9t\u00E9 VL PARQUET",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2026-01-02",
      "evidence_quote": "La nomination de (1) la soci\u00E9t\u00E9 NOIDUE INVEST, (BE1021:228.074) repr\u00E9sent\u00E9e par la soci\u00E9t\u00E9 VL PARQUET (BE 0843.608.010) repr\u00E9sent\u00E9e par Vella Luigi et (2) repr\u00E9sent\u00E9e par la soci\u00E9t\u00E9 IZS (B\u0415 0883.454.719) repr\u00E9sent\u00E9e par Zagarella Saivatore en qualit\u00E9 d\u0027administrateurs \u00E0 compter de ce jour."
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Zagarella Saivatore",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": "0883454719",
        "name": "la soci\u00E9t\u00E9 IZS",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2026-01-02",
      "evidence_quote": "La nomination de (1) la soci\u00E9t\u00E9 NOIDUE INVEST, (BE1021:228.074) repr\u00E9sent\u00E9e par la soci\u00E9t\u00E9 VL PARQUET (BE 0843.608.010) repr\u00E9sent\u00E9e par Vella Luigi et (2) repr\u00E9sent\u00E9e par la soci\u00E9t\u00E9 IZS (B\u0415 0883.454.719) repr\u00E9sent\u00E9e par Zagarella Saivatore en qualit\u00E9 d\u0027administrateurs \u00E0 compter de ce jour."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0727.641.540",
    "name_full": "KITCHEN RETAIL DESIGN, EN ABREGE : KRD",
    "legal_form": "SRL"
  }
}
2019
03-06-2019 Incorporation of a new SRL Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "1410 Waterloo, Chauss\u00E9e de Bruxelles 720",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1954-05-05",
        "name": "VANDEN BORRE Charles Louis",
        "niss": null,
        "address": "1310 La Hulpe, Clos des N\u00E9fliers 7"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 49000,
      "holder_person_name": "VANDEN BORRE Charles Louis",
      "is_subscriber_only": false,
      "n_shares_subscribed": 49,
      "amount_subscribed_eur": 49000,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1973-03-18",
        "name": "DENIS Gilles Marcel Marc Jules",
        "niss": null,
        "address": "5640 Mettet, Rue de la Station, Biesmer\u00E9e 28"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 51000,
      "holder_person_name": "DENIS Gilles Marcel Marc Jules",
      "is_subscriber_only": false,
      "n_shares_subscribed": 51,
      "amount_subscribed_eur": 51000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 100000,
  "subject_company": {
    "kbo": "0727.641.540",
    "name_full": "KITCHEN RETAIL DESIGN",
    "legal_form": "SRL"
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  "initial_directors": [],
  "incorporation_date": "2019-05-28",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Detailhandel in huismeubilair47551Detailhandel in huismeubilair in gespecialiseerde winkels47591Schrijnwerk43320Schrijnwerk43320Glaszetten43343
Primary activity highlighted.
Names & trade names
Legal nameFR KITCHEN RETAIL DESIGN
AbbreviationFR KRD
Registered office
Chaussée de Bruxelles 720
1410 Waterloo, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative