Kwaito
ActiveSummary
Kwaito has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31,850 and a net result of €10,190. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 17% of 701 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+53
Solvency32▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 13.42 against 17.37 in 2023; short-term debt: 7.4% and cash: 6.8% of total assets), but 93.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6.6%
Return on assets
2.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 701 sector peers (2024).
NBB · sector comparisonPosition among 701 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-07-2025, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
11 d early
2023
16 d early
2022
38 d early
2021
37 d early
2020
36 d early
2019
186 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€31,850▲ 47.0%
2023 · €21,660
Total assets
€479,550▲ 0.4%
2023 · €477,654
Net result
€10,190
2023 · -€2,559
Working capital
€443,315▼ 1.3%
2023 · €449,315
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€18,865▼ 647%-€1,965▲ 89.6%€10,039-€2,330€5,450
Net result-€18,875below the sector's middle half▼ 645%-€1,981within the sector's middle half▲ 89.5%€10,009within the sector's middle half-€2,559within the sector's middle half€10,190within the sector's middle half
Equity€22,592within the sector's middle half▲ 61.8%€20,610within the sector's middle half▼ 8.8%€30,619within the sector's middle half▲ 48.6%€21,660below the sector's middle half▼ 29.3%€31,850within the sector's middle half▲ 47.0%
Total assets€64,743below the sector's middle half▲ 361%€29,819below the sector's middle half▼ 53.9%€488,444above the sector's middle half▲ 1,538%€477,654below the sector's middle half▼ 2.2%€479,550above the sector's middle half▲ 0.4%
Debt€42,151▲ 47,528%€9,208▼ 78.2%€457,825▲ 4,872%€455,994▼ 0.4%€447,701▼ 1.8%
Working capital€56,320within the sector's middle half▲ 303%€20,623within the sector's middle half▼ 63.4%€477,941above the sector's middle half▲ 2,217%€449,315within the sector's middle half▼ 6.0%€443,315above the sector's middle half▼ 1.3%
Solvency34.9%within the sector's middle half▼ 64.5pp69.1%above the sector's middle half▲ 34.2pp6.3%below the sector's middle half▼ 62.9pp4.5%below the sector's middle half▼ 1.7pp6.6%below the sector's middle half▲ 2.1pp
Current ratio8.25above the sector's middle half3.34above the sector's middle half▼ 4.9146.94above the sector's middle half▲ 43.6117.37above the sector's middle half▼ 29.5713.42above the sector's middle half▼ 3.95
Return on assets (ROA)-29.2%below the sector's middle half▼ 11.1pp-6.6%below the sector's middle half▲ 22.5pp2.0%within the sector's middle half▲ 8.7pp-0.5%within the sector's middle half▼ 2.6pp2.1%within the sector's middle half▲ 2.7pp
Staff (FTE)0.9below the sector's middle half1▲ 11.1%1=1below the sector's middle half=2▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5,450 after a loss of €2,330 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €479,550
Fixed assets
€545 ▼ 39.1%
Current assets
€479,005 ▲ 0.5%
Equity and liabilities €479,550
Equity
€31,850 ▲ 47.0%
Debt
€447,701 ▼ 1.8%
Debt's share of the balance-sheet total falls from 95.5% to 93.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,799▲
2023 · -€2,076
Cash flow
€10,539▲
2023 · -€2,304
Debt to equity
14.06▼
2023 · 21.05
ROE
32.0%▲
2023 · -11.8%
Interest coverage
25.33▲
2023 · -9.07
Debt ≤ 1 year
€35,690▲
2023 · €27,444
Income taxes
€1,464
Staff costs
€108,816▲
2023 · €71,126
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,250 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,250 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €24,787 | €18,173 | - | - | - |
| Remuneration, social security and pensions62 | - | €35,561 | €37,052 | €71,126 | €108,816 | ▲ 53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €176 | €276 | €276 | €255 | €350 | ▲ 37.4% |
| Other operating charges640/8 | - | €527 | €1,492 | €14,089 | €528 | ▼ 96.3% |
| Non-recurring operating charges66A | - | €9,000 | - | - | - | - |
| Gross operating margin9900 | €13,068 | €43,399 | €48,859 | €83,139 | €115,143 | ▲ 38.5% |
| Operating profit (loss)9901 | -€18,865 | -€1,965 | €10,039 | -€2,330 | €5,450 | ▲ 334% |
| Financial income75/76B | - | - | €1 | - | €6,433 | - |
| Recurring financial income75 | - | - | €1 | - | €6,433 | - |
| Financial charges65/66B | - | €16 | €30 | €229 | €229 | = |
| Recurring financial charges65 | €10 | €16 | €30 | €229 | €229 | = |
| Profit (loss) for the period before taxes9903 | -€18,875 | -€1,981 | €10,009 | -€2,559 | €11,654 | ▲ 555% |
| Income taxes67/77 | - | - | - | - | €1,464 | - |
| Profit (loss) for the period9904 | -€18,875 | -€1,981 | €10,009 | -€2,559 | €10,190 | ▲ 498% |
| Profit (loss) for the period to be appropriated9905 | -€18,875 | -€1,981 | €10,009 | -€2,559 | €10,190 | ▲ 498% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,743 | €29,819 | €488,444 | €477,654 | €479,550 | ▲ 0.4% |
| Fixed assets21/28 | €652 | €376 | €100 | €895 | €545 | ▼ 39.1% |
| Tangible fixed assets22/27 | €652 | €376 | €100 | €895 | €545 | ▼ 39.1% |
| Plant, machinery and equipment23 | - | €376 | €100 | €895 | €545 | ▼ 39.1% |
| Current assets29/58 | €64,090 | €29,442 | €488,343 | €476,759 | €479,005 | ▲ 0.5% |
| Amounts receivable within one year40/41 | - | €5,000 | €36,000 | €31,500 | €101,750 | ▲ 223% |
| Trade receivables40 | - | €5,000 | €36,000 | €31,500 | €89,250 | ▲ 183% |
| Other amounts receivable41 | - | - | - | - | €12,500 | - |
| Current investments50/53 | - | - | - | - | €330,000 | - |
| Cash at bank and in hand54/58 | €64,090 | €24,442 | €452,343 | €411,509 | €32,706 | ▼ 92.1% |
| Deferred charges and accrued income490/1 | - | - | - | €33,750 | €14,549 | ▼ 56.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,743 | €29,819 | €488,444 | €477,654 | €479,550 | ▲ 0.4% |
| Equity10/15 | €22,592 | €20,610 | €30,619 | €21,660 | €31,850 | ▲ 47.0% |
| Contributions10/11 | - | €44,000 | €44,000 | €37,600 | €37,600 | = |
| Capital10 | - | - | - | €37,600 | - | - |
| Issued capital100 | - | - | - | €37,600 | - | - |
| Outside capital11 | - | €44,000 | €44,000 | - | €37,600 | - |
| Share premium1100/10 | - | €44,000 | €44,000 | - | - | - |
| Other1109/19 | - | - | - | - | €37,600 | - |
| Profit (loss) carried forward14 | -€21,408 | -€23,390 | -€13,381 | -€15,940 | -€5,750 | ▲ 63.9% |
| Amounts payable17/49 | €42,151 | €9,208 | €457,825 | €455,994 | €447,701 | ▼ 1.8% |
| Amounts payable within one year42/48 | €7,770 | €8,819 | €10,403 | €27,444 | €35,690 | ▲ 30.0% |
| Trade debts44 | €492 | €150 | €434 | €303 | €5,424 | ▲ 1,690% |
| Suppliers440/4 | - | €150 | €434 | €303 | €5,424 | ▲ 1,690% |
| Taxes, remuneration and social security45 | - | €8,669 | €9,969 | €20,741 | €30,266 | ▲ 45.9% |
| Taxes450/3 | - | €1,027 | €1,530 | €2,458 | €5,141 | ▲ 109% |
| Remuneration and social security454/9 | - | €7,642 | €8,439 | €18,283 | €25,126 | ▲ 37.4% |
| Other amounts payable47/48 | - | - | - | €6,400 | - | - |
| Accrued charges and deferred income492/3 | - | €389 | €447,422 | €428,550 | €412,010 | ▼ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,875 | -€1,981 | €10,009 | -€2,559 | €10,190 | ▲ 498% |
| + Depreciation and write-downs630 | €176 | €276 | €276 | €255 | €350 | ▲ 37.4% |
| Operating cash flow (approximation) | -€18,699 | -€1,705 | €10,285 | -€2,304 | €10,539 | ▲ 557% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,049 | €0 | ▲ 100% |
| Change in cash | - | -€39,648 | €427,901 | -€40,834 | -€378,803 | ▼ 828% |
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
2026
19-08
State Gazette act
Resignations: Mario Vanhaeren (director) and Riet Konings (chair)Appointments: Katrien Goossens (director) and Nathalie Brack (chair)6 facts ▸
State Gazette act
Resignations: Mario Vanhaeren (director) and Riet Konings (chair)
Appointments: Katrien Goossens (director) and Nathalie Brack (chair)6 facts ▸
- General meeting, 12-06-2026
- Director resignation, Mario Vanhaeren (director)
- Director appointment, Katrien Goossens (director)
- Director resignation, Riet Konings (chair)
- Director appointment, Nathalie Brack (chair)
- Other statement, publicatiereferentie, 26106287
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10,190
Net result €10,190 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10,009
Net result €10,009 after 3 loss-making years.
31-12
Financial
Liquidity times 14current ratio 46.94
Current ratio from 3.34 to 46.94.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
02-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 186 days late
2020
31-12
Financial
Weakest financial yearnet -€18,875
Net result drops to -€18,875, the lowest in the series; recovery starts the following year.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not 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
2 directors, last change in 2026
Nathalie Brack
CurrentChair · since 12-06-2026
Katrien Goossens
CurrentDirector · since 12-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2018
Ground area
1,275 m²
Building footprint
309 m²
Volume, LiDAR
2,994 m³
Parcel 44432C0902/00D007, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kwaito
since 20182.284.161.839
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0902/00D007 | Flanders | 1,274 m² | 1 · 309 m² | 15.3 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
4 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Katrien Goossens |
|
| Nathalie Brack |
|
| Konings Riet |
|
| VANHAEREN Mario |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector, comparable size
AVJ Liège
BE 0465.576.145
Liège · Eq €31,349
VANDERSTRAETEN NADINE
BE 1003.438.769
Aalst · Eq €33,777
BDLC
BE 0775.798.476
Holsbeek · Eq €34,197
Team Line
BE 0788.379.574
Lier · Eq €26,116
Good Will
BE 0842.680.174
Lebbeke · Eq €43,946
Of 143 companies in sector 88109 we hold annual accounts for 37. 21 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded02-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
88109Social work activities without accommodation
85699Other educational support services
88992Social work activities without accommodation
88994Social work activities without accommodation
88999Other social work without accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0707668349
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.