KWConstruct
ActiveKWConstruct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €-25k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency95▼-4
Growth32▼-46
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 3.48 in 2024), and 49.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
50.2%
Return on assets
-13.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 8 filingsDeviation from the deadline
2025
14 d late
2024
1 d early
2023
50 d early
2022
30 d late
2021
31 d late
2020
12 d late
2019
374 d late
← before the deadline
after the deadline →
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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€92k▼ 21.3%
2024 · €117k
2021: €110k
2022: €69k
2023: €75k
2024: €117k
2021 → 2025
Total assets
€183k▼ 2.2%
2024 · €187k
2021: €160k
2022: €173k
2023: €178k
2024: €187k
2021 → 2025
Net result
€-25k
2024 · €42k
2021: €31k
2022: €-42k
2023: €6k
2024: €42k
2021 → 2025
Working capital
€85k▼ 30.7%
2024 · €123k
2021: €103k
2022: €86k
2023: €82k
2024: €123k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€110k-€69k▼ 37.8%€75k▲ 9.1%€117k▲ 56.2%€92k▼ 21.3%
Operating result€43k-€-41k€6k€52k▲ 770%€-23k
Net result€31k-€-42k€6k€42k▲ 572%€-25k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23k after €52k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€22k▲ 49.0%
Current assets
€161k▼ 6.4%
Equity and liabilities €183k
Equity
€92k▼ 21.3%
Debt
€91k▲ 29.6%
The debt ratio rises from 37.6% to 49.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-17k▼
2024 · €56k
Cash flow
€-19k▼
2024 · €47k
Solvency
50.2%▼
2024 · 62.4%
Current ratio
2.12▼
2024 · 3.48
Quick ratio
2.00▼
2024 · 3.10
Debt / equity
0.99▲
2024 · 0.60
ROE
-27.0%▼
2024 · 36.0%
ROA
-13.6%▼
2024 · 22.5%
Interest coverage
-3.43▼
2024 · 25.00
Debt
€91k▲
2024 · €70k
Debt ≤ 1 year
€76k▲
2024 · €50k
Debt > 1 year
€15k▼
2024 · €21k
Income taxes
€226▼
2024 · €11k
Staff costs
€106k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€187k€183k▼
Fixed assets
21/28€15k€22k▲
Formation expenses
20€0€0=
Intangible fixed assets
21€951€681▼
Tangible fixed assets
22/27€14k€21k▲
Current assets
29/58€173k€161k▼
Stocks & contracts in progress
3€19k€9k▼
Amounts receivable within one year
40/41€57k€60k▲
Cash & bank
54/58€56k€42k▼
Total equity & liabilities
10/49€187k€183k▼
Equity
10/15€117k€92k▼
Contributions / capital
10/11€6k€6k=
Reserves
13€89k€89k=
Accumulated profits (losses)
14€22k€-3k▼
Amounts payable
17/49€70k€91k▲
Amounts payable after one year
17€21k€15k▼
Amounts payable within one year
42/48€50k€76k▲
Trade debts payable within one year
44€6k€29k▲
Income statement
Code20242025
Gross operating margin
9900€96k€91k▼
Operating result
9901€52k€-23k▼
Financial income
75€4k€3k▼
Financial charges
65€2k€5k▲
Result before taxes
9903€53k€-25k▼
Income taxes
67/77€11k€226▼
Net result for the period
9904€42k€-25k▼
Result to be appropriated
9905€42k€-25k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €42k ▲572%
Operating result €52k, net result €42k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲56.2%
2 profitable years in a row build equity to €117k.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-42k ▼233%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
09-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 374 days late
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 131 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Of 29,533 companies in sector 41001 we hold annual accounts for 15,450. 12,755 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 26-07-2026. Scores and ratios are computed by Checked and are not a credit decision.