Active BE 0454.102.926Private limited company

KLEWARE PROJECTS

Dries 68 ·3380 Glabbeek, Belgium· 31 yrs active

Sector: Retail sale of information and communication equipment (47400)

Conclusion Checked

KLEWARE PROJECTS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €46k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€52k
Net result	€46k
Better than sector	65%
Active	31 yrs

Financial profile 5 of 5 axes measured · computed by Checked

95 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 96

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1994, 31 years in business.

No legal incidents

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

Administrative Flags0 events

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.

Checked score FY 2025 · 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.

Indicative credit limit

€5k

estimate, not credit advice

Score history

30 2022

73 2023

27 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.05 (≥ 1.5) +10

Quick ratio Quick ratio 2.05 (≥ 1.0) +5

Leverage Debt/equity 0.93 (< 1.0) +10

Profitability ROE 87% (≥ 10%) +10

Interest coverage Interest coverage 193.9× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview31 NBB filings

Annual accounts filed on 27-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	51.8%	34.6%	better than 65% of 17366 sector peers
Net result	€46k	€5k	better than 87% of 17348 sector peers
Equity	€52k	€44k	better than 54% of 17394 sector peers
Gross operating margin	€53k	€34k	better than 60% of 17313 sector peers
Total assets	€101k	€154k	better than 38% of 17371 sector peers

EBITDA

€53k

- 22-25

Net profit

€46k

- 22-25

Cash flow

€47k

- 22-25

Total assets

€101k

+44.8% 22-25

Equity

€52k

+697.8% 22-25

Working capital

€50k

+1440.6% 22-25

Income taxes

€5k

- 22-25

Dividends

€0

-100.0% 22-25

Debt

€49k

-22.9% 22-25

Debt ≤ 1y

€47k

-25.2% 22-25

Current ratio

2.05

+95.2% 22-25

Quick ratio

2.05

+95.2% 22-25

Solvency

51.8%

+450.9% 22-25

Debt / equity

0.93

-90.3% 22-25

ROE

87.5%

- 22-25

ROA

45.3%

- 22-25

Interest coverage

193.91

- 22-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	-	-	-	-
Net profit	-	-	-	-
Cash flow	-	-	-	-
Staff costs	-	-	-	-
Income taxes	-	-	-100.0%	-
Dividends	-	-100.0%	-	-
Total assets	+44.8%	+11.9%	-8.2%	-
Equity	+697.8%	-44.9%	-25.3%	-
Debt	-22.9%	+25.2%	-2.9%	-
of which ≤ 1y	-25.2%	+25.2%	-0.5%	-
of which > 1y	-	-	-	-
Working capital	+1440.6%	-69.0%	-29.4%	-
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	2.05	1.05	1.21	1.29
Quick ratio	2.05	1.05	1.21	1.29
Working capital ratio	49.2%	4.6%	16.7%	21.7%
Solvency	51.8%	9.4%	19.1%	23.4%
Debt / equity	0.93	9.64	4.24	3.27
Long-term debt ratio	-	-	-	-
Interest coverage	193.91	-71.16	7.12	-42.86
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	45.3%	-7.7%	36.6%	-28.6%
ROE	87.5%	-81.4%	192.2%	-121.8%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €4k · 4.0% Current assets €97k · 96.0%

Equity & liabilities

Equity €52k · 51.8% Debt €49k · 48.2%

Full annual accounts (22 line items)

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

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€101k	€70k	€62k	€68k
Fixed assets	21/28	€4k	€3k	€1k	€2k
Tangible fixed assets	22/27	€4k	€3k	€1k	€2k
Current assets	29/58	€97k	€66k	€61k	€65k
Amounts receivable within one year	40/41	€14k	€13k	€51k	€18k
Cash & bank	54/58	€75k	€35k	€8k	€46k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€101k	€70k	€62k	€68k
Equity	10/15	€52k	€7k	€12k	€16k
Contributions / capital	10/11	€7k	€7k	€7k	€7k
Reserves	13	€50k	€20k	€20k	€46k
Accumulated profits (losses)	14	€-5k	€-21k	€-15k	€-38k
Amounts payable	17/49	€49k	€63k	€50k	€52k
Amounts payable within one year	42/48	€47k	€63k	€50k	€51k
Trade debts payable within one year	44	€26k	€17k	€6k	€2k
Income statement
Gross operating margin	9900	€53k	€-5k	€28k	€-18k
Operating result	9901	€51k	€-5k	€27k	€-19k
Financial income	75	€2	€1	€5	€7
Financial charges	65	€271	€74	€4k	€426
Result before taxes	9903	€51k	€-5k	€23k	€-19k
Income taxes	67/77	€5k	-	€0	€76
Net result for the period	9904	€46k	€-5k	€23k	€-19k
Result to be appropriated	9905	€46k	€-5k	€23k	€-19k

Legal Structure

NACE primary	Retail sale of information and communication equipment(47400)
Legal form	Private limited company(610)
Incorporation	16-12-1994
Status	Active
Postal code	3380

Establishment units 1 location

KLEWARE RPOJECTS

Dries 68, 3380 GlabbeekScientific research and development

since 19952.069.807.081

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24030C0029/00S002	Flanders	2,658 m²	1 · 144 m²	7.5 m · 2 fl.

Methodology

via registered seat: 1

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

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

Updates 10 events

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

31-12

Financial Back to profitnet €46k

Net result €46k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 30 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Back to profitnet €23k

Net result €23k after one loss-making year.

18-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 49 days late

2022

21-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

20-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

23-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

16-05

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

09-05

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail sale of information and communication equipment47400Retail trade4741052487

Names & trade names

Legal nameNL

KLEWARE PROJECTS

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