KNDS Belgium
ActiveFrom the official registers: KBO 27 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of KNDS Belgium is 1.7% (moderate). The annual accounts of KNDS Belgium for financial year 2025 show a net loss of 83% of the equity at the start of that year. The 2025 annual accounts show equity of €4.8m and a net result of -€23.7m. Equity has been shrinking by about 8.5% per year since 2018. Its solvency ranks better than 6% of 829 sector peers (NACE 25, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 23-08-1999 Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipment NACE 25300and 1 other
- Establishment unit
- 2.180.234.356 7181 Seneffe, since 23-08-1999
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Jean-Michel GIRARDManaging director
- Cécile MATHONIERE (épouse MILWARD)Director
- Arnaud LE GRELLEDirector
- Dominique GUILLETDirector
- Auditor
- PwC Reviseurs d'Entreprises
- KNDS - KMW + Nexter Defense System N.V.consolidatesannual accounts 2025
- KNDS Ammo Franceannual accounts 2025
- KNDS Franceannual accounts 2025
- Holdings
- Shares in 1 company BASE DE BARONVILLE
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.7%
- Turnover
- €34.9m
- ▼ 36.0%
- Loss
- €23.7m
- ▲ 78.4%
- Equity
- €4.8m
- ▼ 83.2%
- Total assets
- €173.7m
- ▼ 9.5%
- Staff
- 246.2 FTE
- ▲ 1.4%
Score breakdownraises riskLoss of €23.7m, the second in a row (financial year 2025)Equity €4.8m (2.7% of total assets)Liquidity: current ratio 1.27, cash €1.5m, halvedSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 25, medium-sized). It does better than 6% of them on solvency, 8% on liquidity, 7% on profitability and 3% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 56 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Equity fell in 2025from €28.5m to €4.8m ▼ 83.2% View
- Caution: Lower net result than 95% of companies in fabricated metal productssector median €79,379 · 829 companies -€23.7m View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€23.7m View
- EU supportawarded in 2024 €92,511 View
Comparable companies
These companies have the same main activity as KNDS Belgium: manufacture of fabricated metal products, except machinery and equipment (NACE 25300). They are comparable in size and age: total assets between €88m and €824m, founded between 1986 and 2014.
| Company | Total assets | Turnover |
|---|---|---|
| KNDS Belgium Seneffe | €173.7m | €34.9m |
| BROWNING International Herstal | €87.9m | €96.0m |
| JOHN COCKERILL DEFENSE Ans | €824.2m | €118.5m |
| THALES BELGIUM Herstal | €450.1m | €436.9m |
| FN HERSTAL Herstal | €788.5m | €422.0m |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 15-07-2026
- Annual accounts 2024filed on 25-06-2025
- Annual accounts 2023filed on 29-05-2024
- Annual accounts 2022filed on 16-05-2023
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 15-09-2025
- Resignations & appointmentsact of 27-02-2025
- Resignations & appointmentsact of 04-02-2025
- Amendment of the articles · Nameact of 16-05-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about KNDS Belgium
- What is the company number of KNDS Belgium?
- The company number of KNDS Belgium is 0466.712.134. The VAT number is the same number with BE in front: BE 0466.712.134.
- Where is KNDS Belgium based?
- The registered office is at Rue Grinfaux 50, 7181 Seneffe.Company details
- What does KNDS Belgium do?
- According to the KBO register, the main activity is manufacture of fabricated metal products, except machinery and equipment (NACE 25300).
- What is the legal form of KNDS Belgium?
- The legal form of KNDS Belgium is Public limited company (NV).
- When was KNDS Belgium founded?
- KNDS Belgium was founded on 23-08-1999.
- Is KNDS Belgium still active?
- Yes, KNDS Belgium is an active enterprise in the KBO register.
- How many employees does KNDS Belgium have?
- KNDS Belgium had an average of 246.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of KNDS Belgium?
- The turnover of KNDS Belgium was €34.9m in financial year 2025, according to the filed annual accounts.
- Is KNDS Belgium profitable?
- In financial year 2025, KNDS Belgium made a loss of €23.7m.
- Where can I find the annual accounts of KNDS Belgium?
- KNDS Belgium filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of KNDS Belgium due?
- KNDS Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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