KWBO
ActiveSummary
KWBO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152k and a net result of €4k. Equity is growing by ~34.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-8
Solvency81▲+14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.61 in 2024; short-term debt: 29.1% and cash: 8.1% of total assets), and 43.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.2%
Return on assets
1.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
31 d late
2022
31 d late
2021
3 d early
2020
31 d late
2019
112 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€152k▲ 2.3%
2024 · €149k
2018: €19klowest in 8 years
2019: €25k▲ +32.5% vs 2018
2020: €32k▲ +26.4% vs 2019
2021: €43k▲ +33.7% vs 2020
2022: €84k▲ +98.0% vs 2021
2023: €119k▲ +41.2% vs 2022
2024: €149k▲ +25.0% vs 2023
2025: €152k▲ +2.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€271k▼ 24.3%
2024 · €358k
2018: €240k
2019: €349k▲ +45.4% vs 2018
2020: €220k▼ -36.9% vs 2019lowest in 8 years
2021: €228k▲ +3.5% vs 2020
2022: €283k▲ +24.0% vs 2021
2023: €317k▲ +12.3% vs 2022
2024: €358k▲ +12.9% vs 2023highest in 8 years
2025: €271k▼ -24.3% vs 2024
2018 → 2025
Net result
€4k▼ 85.9%
2024 · €31k
2018: €10k
2019: €7k▼ -32.8% vs 2018
2020: €7k▲ +6.4% vs 2019
2021: €12k▲ +54.9% vs 2020
2022: €44k▲ +280% vs 2021highest in 8 years
2023: €36k▼ -19.0% vs 2022
2024: €31k▼ -13.7% vs 2023
2025: €4k▼ -85.9% vs 2024lowest in 8 years
2018 → 2025
Working capital
€107k▲ 19.8%
2024 · €89k
2018: €-60k
2019: €-95k▼ -58.7% vs 2018lowest in 8 years
2020: €19k▲ +120% vs 2019
2021: €23k▲ +18.8% vs 2020
2022: €74k▲ +225% vs 2021
2023: €110k▲ +48.3% vs 2022highest in 8 years
2024: €89k▼ -19.4% vs 2023
2025: €107k▲ +19.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€84k▲ 98.0%€119k▲ 41.2%€149k▲ 25.0%€152k▲ 2.3%
2021: €43klowest in 5 years
2022: €84k▲ +98.0% vs 2021
2023: €119k▲ +41.2% vs 2022
2024: €149k▲ +25.0% vs 2023
2025: €152k▲ +2.3% vs 2024highest in 5 years
Operating result€18k-€65k▲ 268%€52k▼ 19.5%€48k▼ 8.2%€8k▼ 82.6%
2021: €18k
2022: €65k▲ +268% vs 2021highest in 5 years
2023: €52k▼ -19.5% vs 2022
2024: €48k▼ -8.2% vs 2023
2025: €8k▼ -82.6% vs 2024lowest in 5 years
Net result€12k-€44k▲ 280%€36k▼ 19.0%€31k▼ 13.7%€4k▼ 85.9%
2021: €12k
2022: €44k▲ +280% vs 2021highest in 5 years
2023: €36k▼ -19.0% vs 2022
2024: €31k▼ -13.7% vs 2023
2025: €4k▼ -85.9% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271k
Fixed assets
€86k ▼ 30.7%
Current assets
€186k ▼ 21.0%
Equity and liabilities €271k
Equity
€152k ▲ 2.3%
Debt
€119k ▼ 43.3%
Debt's share of the balance-sheet total falls from 58.5% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▼
2024 · €91k
Cash flow
€42k▼
2024 · €73k
Current ratio
2.35▲
2024 · 1.61
Quick ratio
2.28▲
2024 · 1.61
Debt to equity
0.78▼
2024 · 1.41
ROE
2.8%▼
2024 · 20.6%
ROA
1.6%▼
2024 · 8.6%
Interest coverage
25.71▼
2024 · 33.68
Debt ≤ 1 year
€79k▼
2024 · €146k
Debt > 1 year
€40k▼
2024 · €64k
Income taxes
€3k▼
2024 · €15k
Staff costs
€116k▼
2024 · €122k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€358k€271k▼
Fixed assets21/28€124k€86k▼
Tangible fixed assets22/27€124k€86k▼
Plant, machinery and equipment23€10k€4k▼
Furniture and vehicles24€101k€77k▼
Other tangible fixed assets26€13k€5k▼
Current assets29/58€235k€186k▼
Stocks and contracts in progress3€576€6k▲
Stocks30/36€576€6k▲
Amounts receivable within one year40/41€55k€141k▲
Trade receivables40€51k€118k▲
Other amounts receivable41€4k€24k▲
Cash at bank and in hand54/58€179k€22k▼
Deferred charges and accrued income490/1-€17k
Equity and liabilities
Total equity and liabilities10/49€358k€271k▼
Equity10/15€149k€152k▲
Contributions10/11€19k€19k=
Reserves13€130k€134k▲
Distributable reserves133€130k€134k▲
Amounts payable17/49€210k€119k▼
Amounts payable after more than one year17€64k€40k▼
Financial debts170/4€64k€40k▼
Amounts payable within one year42/48€146k€79k▼
Current portion of amounts payable after more than one year42€24k€23k▼
Trade debts44€5k€17k▲
Suppliers440/4€5k€17k▲
Taxes, remuneration and social security45€26k€7k▼
Taxes450/3€23k€4k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€89k€32k▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€122k€116k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€38k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€215k€164k▼
Operating profit (loss)9901€48k€8k▼
Financial income75/76B€468€516▲
Recurring financial income75€468€516▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€46k€7k▼
Income taxes67/77€15k€3k▼
Profit (loss) for the period9904€31k€4k▼
Profit (loss) for the period to be appropriated9905€31k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€4k▼
Transfer to equity691/2€30k€3k▼
To other reserves6921€30k€3k▼
Profit to be distributed694/7€860€830▼
Return on contributions (dividend)694€860€830▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | - | - |
| Remuneration, social security and pensions62 | €85k | €108k | €121k | €122k | €116k | ▼ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €42k | €40k | €43k | €38k | ▼ 11.0% |
| Other operating charges640/8 | €1k | €2k | €2k | €2k | €2k | ▼ 23.7% |
| Non-recurring operating charges66A | €2k | - | - | - | - | - |
| Gross operating margin9900 | €147k | €218k | €216k | €215k | €164k | ▼ 23.7% |
| Operating profit (loss)9901 | €18k | €65k | €52k | €48k | €8k | ▼ 82.6% |
| Financial income75/76B | €728 | €2 | - | €468 | €516 | ▲ 10.3% |
| Recurring financial income75 | €728 | €2 | - | €468 | €516 | ▲ 10.3% |
| Financial charges65/66B | €2k | €2k | €1k | €3k | €2k | ▼ 33.2% |
| Recurring financial charges65 | €2k | €2k | €1k | €3k | €2k | ▼ 33.2% |
| Profit (loss) for the period before taxes9903 | €16k | €63k | €51k | €46k | €7k | ▼ 84.5% |
| Income taxes67/77 | €5k | €19k | €15k | €15k | €3k | ▼ 81.8% |
| Profit (loss) for the period9904 | €12k | €44k | €36k | €31k | €4k | ▼ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €12k | €44k | €36k | €31k | €4k | ▼ 85.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228k | €283k | €317k | €358k | €271k | ▼ 24.3% |
| Fixed assets21/28 | €104k | €67k | €47k | €124k | €86k | ▼ 30.7% |
| Intangible fixed assets21 | €23k | €12k | - | - | - | - |
| Tangible fixed assets22/27 | €81k | €55k | €47k | €124k | €86k | ▼ 30.7% |
| Plant, machinery and equipment23 | €59k | €41k | €23k | €10k | €4k | ▼ 63.3% |
| Furniture and vehicles24 | €14k | €8k | €3k | €101k | €77k | ▼ 23.8% |
| Other tangible fixed assets26 | €8k | €6k | €21k | €13k | €5k | ▼ 59.8% |
| Current assets29/58 | €124k | €216k | €271k | €235k | €186k | ▼ 21.0% |
| Stocks and contracts in progress3 | - | - | - | €576 | €6k | ▲ 905% |
| Stocks30/36 | - | - | - | €576 | €6k | ▲ 905% |
| Amounts receivable within one year40/41 | €104k | €206k | €103k | €55k | €141k | ▲ 155% |
| Trade receivables40 | €81k | €194k | €97k | €51k | €118k | ▲ 129% |
| Other amounts receivable41 | €23k | €12k | €7k | €4k | €24k | ▲ 508% |
| Cash at bank and in hand54/58 | €16k | €345 | €160k | €179k | €22k | ▼ 87.7% |
| Deferred charges and accrued income490/1 | €4k | €9k | €7k | - | €17k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228k | €283k | €317k | €358k | €271k | ▼ 24.3% |
| Equity10/15 | €43k | €84k | €119k | €149k | €152k | ▲ 2.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €24k | €66k | €100k | €130k | €134k | ▲ 2.7% |
| Distributable reserves133 | €24k | €66k | €100k | €130k | €134k | ▲ 2.7% |
| Amounts payable17/49 | €186k | €199k | €198k | €210k | €119k | ▼ 43.3% |
| Amounts payable after more than one year17 | €83k | €57k | €35k | €64k | €40k | ▼ 37.3% |
| Financial debts170/4 | €83k | €57k | €35k | €64k | €40k | ▼ 37.3% |
| Amounts payable within one year42/48 | €102k | €142k | €160k | €146k | €79k | ▼ 45.9% |
| Current portion of amounts payable after more than one year42 | €32k | €26k | €22k | €24k | €23k | ▼ 6.9% |
| Trade debts44 | €42k | €17k | €45k | €5k | €17k | ▲ 211% |
| Suppliers440/4 | €42k | €17k | €45k | €5k | €17k | ▲ 211% |
| Taxes, remuneration and social security45 | €2k | €12k | €4k | €26k | €7k | ▼ 74.0% |
| Taxes450/3 | €196 | €5k | €2k | €23k | €4k | ▼ 85.0% |
| Remuneration and social security454/9 | €2k | €7k | €3k | €3k | €3k | ▲ 8.7% |
| Other amounts payable47/48 | €26k | €87k | €90k | €89k | €32k | ▼ 64.0% |
| Accrued charges and deferred income492/3 | €1k | - | €3k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €44k | €36k | €31k | €4k | ▼ 85.9% |
| + Depreciation and write-downs630 | €41k | €42k | €40k | €43k | €38k | ▼ 11.0% |
| Operating cash flow (approximation) | €53k | €86k | €75k | €73k | €42k | ▼ 42.4% |
| Investment in fixed assets (approximation) | - | €-6k | €-20k | €-119k | €0 | ▲ 100% |
| Change in cash | - | €-16k | €160k | €19k | €-157k | ▼ 924% |
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
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €4k ▼85.9%
Net result drops to €4k, the lowest in the series.
31-12
Financial
Equity above €150kEq €152k ▲2.3%
8 profitable years in a row build equity to €152k.
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
Equity above €100kEq €119k ▲41.2%
6 profitable years in a row build equity to €119k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €44k ▲280%
Operating result €65k, net result €44k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has 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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2013
Ground area
2,796 m²
Building footprint
241 m²
Volume, LiDAR
1,719 m³
Parcel 46007C0664/00H000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kenny Wulteputte
since 20132.341.952.558
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007C0664/00H000 | Flanders | 2,796 m² | 1 · 241 m² | 11.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 77,228 EUR awarded · 77,228 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 20,555 EUR | 20,555 EUR |
| 2024 | 1 | 23,729 EUR | 23,729 EUR |
| 2023 | 1 | 22,581 EUR | 22,581 EUR |
| 2022 | 1 | 10,363 EUR | 10,363 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Legal Entity Identifier
254900LNJJ45BGD9XK40
Similar companies · same sector, comparable size
LUXE CONSTRUCT
BE 0735.384.912
Kraainem · Eq €152,334
DE LEYN MANAGEMENT
BE 0478.635.711
Damme · Eq €152,307
FAMA EXPERT
BE 0753.448.587
Grimbergen · Eq €152,302
VANLAECKE BOUWTEAM
BE 0438.783.656
Gent · Eq €152,470
PIOTR RENOVATION
BE 0600.873.923
Tenneville · Eq €152,181
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,615 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
Contact
Scores and ratios are computed by Checked and are not a credit decision.