Checked.be
Active
BE 0832.618.207Private limited company
KW Construct
Jagersstraat 13 ·2360 Oud-Turnhout, Belgium· 15 yrs active
Sector: Wholesale of timber
(46832)
Conclusion
KW Construct has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55k and a net result of €4k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 15878 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €55k |
| Net result | €4k |
| Better than sector | 70% |
| Active | 15 yrs |
Financial profile
77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
38
Solvency
99
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 15 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 Flags
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
94
/ 100
Excellent
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
85
2021
93
2022
70
2023
94
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.88 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.88 (≥ 1.0)
+5
Leverage
Debt/equity 0.56 (< 1.0)
+10
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 14.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
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 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.1% | 39.5% | |
| Net result | €4k | €5k | |
| Equity | €55k | €56k | |
| Gross operating margin | €19k | €26k | |
| Total assets | €85k | €175k |
€18k
+108.2%
21-24
€4k
-
21-24
€17k
+111.8%
21-24
€85k
+0.9%
21-24
€55k
+8.2%
21-24
€35k
+34.7%
21-24
€2k
+785.2%
21-24
€31k
-10.0%
21-24
€19k
+28.1%
21-24
€12k
-39.0%
21-24
2.88
+3.3%
21-24
2.88
+3.3%
21-24
64.1%
+7.3%
21-24
0.56
-16.8%
21-24
7.6%
-
21-24
4.9%
-
21-24
14.71
+160.2%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €18k | €9k | €20k | - |
| Net profit | €4k | €-5k | €8k | €21k |
| Cash flow | €17k | €8k | €15k | - |
| Staff costs | - | - | - | - |
| Income taxes | €2k | €185 | €4k | €7k |
| Dividends | - | - | - | - |
| Total assets | €85k | €84k | €97k | €52k |
| Equity | €55k | €50k | €55k | €47k |
| Debt | €31k | €34k | €42k | €5k |
| of which ≤ 1y | €19k | €15k | €16k | €5k |
| of which > 1y | €12k | €19k | €27k | - |
| Working capital | €35k | €26k | €26k | €47k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 2.88 | 2.79 | 2.63 | 10.06 |
| Quick ratio | 2.88 | 2.79 | 2.56 | 10.06 |
| Working capital ratio | 41.5% | 31.1% | 26.4% | 90.1% |
| Solvency | 64.1% | 59.8% | 56.6% | 90.1% |
| Debt / equity | 0.56 | 0.67 | 0.77 | 0.11 |
| Long-term debt ratio | 0.22 | 0.38 | 0.48 | - |
| Interest coverage | 14.71 | 5.65 | 18.50 | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 4.9% | -5.5% | 8.5% | 40.5% |
| ROE | 7.6% | -9.2% | 15.1% | 45.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €85k | €84k | €97k | €52k |
| Fixed assets | 21/28 | €31k | €43k | €56k | - |
| Tangible fixed assets | 22/27 | €31k | €43k | €56k | - |
| Current assets | 29/58 | €54k | €41k | €41k | €52k |
| Stocks & contracts in progress | 3 | - | €0 | €1k | €0 |
| Amounts receivable within one year | 40/41 | €40k | €23k | €23k | €37k |
| Investments | 50/53 | €11k | €10k | €9k | €8k |
| Cash & bank | 54/58 | €3k | €8k | €8k | €7k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €85k | €84k | €97k | €52k |
| Equity | 10/15 | €55k | €50k | €55k | €47k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €43k | €43k | €43k | €34k |
| Accumulated profits (losses) | 14 | €-479 | €-5k | - | €0 |
| Amounts payable | 17/49 | €31k | €34k | €42k | €5k |
| Amounts payable after one year | 17 | €12k | €19k | €27k | - |
| Amounts payable within one year | 42/48 | €19k | €15k | €16k | €5k |
| Trade debts payable within one year | 44 | €0 | €1k | €1k | €3k |
| Income statement | |||||
| Gross operating margin | 9900 | €19k | €10k | €20k | €27k |
| Operating result | 9901 | €6k | €-4k | €13k | €27k |
| Financial income | 75 | €1k | €734 | €1k | €984 |
| Financial charges | 65 | €1k | €2k | €1k | €268 |
| Result before taxes | 9903 | €6k | €-4k | €12k | €28k |
| Income taxes | 67/77 | €2k | €185 | €4k | €7k |
| Net result for the period | 9904 | €4k | €-5k | €8k | €21k |
| Result to be appropriated | 9905 | €4k | €-5k | €8k | €21k |
Legal Structure
| NACE primary | Wholesale of timber(46832) |
| Legal form | Private limited company(610) |
| Incorporation | 04-01-2011 |
| Status | Active |
| Postal code | 2360 |
Establishment units
Jagersstraat 13, 2360 Oud-Turnhout
since 20112.195.405.255
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13483G0028/00X006 | Flanders | 2,004 m² | 1 · 139 m² | 16.0 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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k ▼156%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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
Company registry (CBE)
Activities
Wholesale of timber46832Joinery installation43320
Names & trade names
| Legal nameNL | KW Construct |
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