KWEN
ActiveSummary
KWEN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €100k. Equity is shrinking by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 77% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+87
Solvency97▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 3.17 in 2024; short-term debt: 27.7% and cash: 17.8% of total assets), and 27.7% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
72.3%
Return on assets
19.7%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €367k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
22 d early
2022
1 d early
2021
13 d early
2020
31 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€367k▲ 37.5%
2024 · €267k
Total assets
€507k▲ 30.6%
2024 · €388k
Net result
€100k
2024 · €-41k
Working capital
€350k▲ 32.5%
2024 · €264k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€88k€38k▼ 56.5%€-69k€-40k▲ 42.0%€99k
Net result€14k€-34k€-144k▼ 329%€-41k▲ 71.7%€100k
Equity€485k▲ 3.0%€452k▼ 6.9%€308k▼ 31.9%€267k▼ 13.2%€367k▲ 37.5%
Total assets€775k▲ 10.6%€701k▼ 9.6%€609k▼ 13.2%€388k▼ 36.2%€507k▲ 30.6%
Debt€290k▲ 26.2%€249k▼ 14.0%€301k▲ 20.7%€122k▼ 59.6%€140k▲ 15.6%
Working capital€468k▲ 4.5%€440k▼ 5.9%€299k▼ 32.0%€264k▼ 11.8%€350k▲ 32.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €99k after a loss of €40k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507k
Fixed assets
€17k ▲ 497%
Current assets
€490k ▲ 27.1%
Equity and liabilities €507k
Equity
€367k ▲ 37.5%
Debt
€140k ▲ 15.6%
Debt's share of the balance-sheet total falls from 31.3% to 27.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102k▲
2024 · €-35k
Cash flow
€103k▲
2024 · €-35k
Current ratio
3.49▲
2024 · 3.17
Quick ratio
3.31▲
2024 · 2.97
Debt to equity
0.38▼
2024 · 0.46
ROE
27.3%▲
2024 · -15.3%
ROA
19.7%▲
2024 · -10.5%
Interest coverage
166.93▲
2024 · -60.33
Debt ≤ 1 year
€140k▲
2024 · €122k
Income taxes
€0▼
2024 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €5k | €5k | €3k | ▼ 36.9% |
| Other operating charges640/8 | - | €8k | €9k | €9k | €13k | ▲ 44.5% |
| Non-recurring operating charges66A | - | €149 | €0 | - | - | - |
| Gross operating margin9900 | €104k | €53k | €-56k | €-26k | €115k | ▲ 549% |
| Operating profit (loss)9901 | €88k | €38k | €-69k | €-40k | €99k | ▲ 345% |
| Financial income75/76B | - | €3k | €901 | €127 | €2k | ▲ 1,495% |
| Recurring financial income75 | €988 | €3k | €901 | €127 | €2k | ▲ 1,495% |
| Financial charges65/66B | - | €75k | €76k | €579 | €611 | ▲ 5.5% |
| Recurring financial charges65 | €75k | €75k | €76k | €579 | €611 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | €14k | €-34k | €-144k | €-41k | €100k | ▲ 346% |
| Income taxes67/77 | - | - | - | €1 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €14k | €-34k | €-144k | €-41k | €100k | ▲ 346% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-34k | €-144k | €-41k | €100k | ▲ 346% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €775k | €701k | €609k | €388k | €507k | ▲ 30.6% |
| Fixed assets21/28 | €17k | €11k | €8k | €3k | €17k | ▲ 497% |
| Tangible fixed assets22/27 | €17k | €11k | €8k | €3k | €17k | ▲ 549% |
| Plant, machinery and equipment23 | - | €11k | €8k | €3k | €947 | ▼ 63.7% |
| Furniture and vehicles24 | - | - | - | - | €16k | - |
| Financial fixed assets28 | €424 | €275 | €275 | €275 | €275 | = |
| Current assets29/58 | €758k | €690k | €600k | €386k | €490k | ▲ 27.1% |
| Amounts receivable after more than one year29 | - | €90k | €90k | €90k | €90k | = |
| Other amounts receivable291 | - | €90k | €90k | €90k | €90k | = |
| Stocks and contracts in progress3 | €25k | €25k | €25k | €25k | €25k | = |
| Stocks30/36 | - | €25k | €25k | €25k | €25k | = |
| Amounts receivable within one year40/41 | €277k | €282k | €299k | €214k | €279k | ▲ 30.4% |
| Trade receivables40 | - | €279k | €295k | €211k | €275k | ▲ 30.4% |
| Other amounts receivable41 | - | €3k | €4k | €3k | €3k | ▲ 35.9% |
| Current investments50/53 | €150k | €75k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €215k | €216k | €184k | €54k | €90k | ▲ 65.3% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €6k | ▲ 174% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €775k | €701k | €609k | €388k | €507k | ▲ 30.6% |
| Equity10/15 | €485k | €452k | €308k | €267k | €367k | ▲ 37.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €467k | €433k | €289k | €248k | €348k | ▲ 40.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €431k | €287k | €246k | €347k | ▲ 40.6% |
| Amounts payable17/49 | €290k | €249k | €301k | €122k | €140k | ▲ 15.6% |
| Amounts payable within one year42/48 | €290k | €249k | €301k | €122k | €140k | ▲ 15.6% |
| Trade debts44 | €31k | €36k | €51k | €14k | €14k | ▼ 2.4% |
| Suppliers440/4 | - | €36k | €51k | €14k | €14k | ▼ 2.4% |
| Taxes, remuneration and social security45 | - | €2k | €2k | €2k | €3k | ▲ 0.6% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €3k | ▲ 0.6% |
| Other amounts payable47/48 | - | €211k | €247k | €105k | €124k | ▲ 18.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-34k | €-144k | €-41k | €100k | ▲ 346% |
| + Depreciation and write-downs630 | €6k | €6k | €5k | €5k | €3k | ▼ 36.9% |
| Operating cash flow (approximation) | €20k | €-28k | €-139k | €-35k | €103k | ▲ 392% |
| Investment in fixed assets (approximation) | - | €149 | €-2k | €0 | €-18k | - |
| Change in cash | - | €2k | €-32k | €-130k | €36k | ▲ 127% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €100k
Net result €100k after 3 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-165k
Net result drops to €-165k, the lowest in the series; recovery starts the following year.
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
01-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 1994
Ground area
2,768 m²
Building footprint
1,023 m²
Volume, LiDAR
5,539 m³
2 parcels, Flanders · tallest building 17.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sparrenlaan zn, 2950 Kapellen
since 19942.050.851.303
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023C0138/00N000 | Flanders | 2,457 m² | 1 · 940 m² | 6.1 m · 2 fl. |
| 11902E0320/00L002indicative | Flanders | 311 m² | 1 · 83 m² | 17.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SCHRIJNWERKERIJ DLJ PERSYN DAVY
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NICO DELAHOUSSE
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,135. 6,541 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 (pre-2019)
Founded07-12-1990
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
25530Machining of metals
42220Construction of utility projects for electricity and telecommunications
Scores and ratios are computed by Checked and are not a credit decision.