Equity
€366,961 from €718,079 in 2018
Equity fell by 49% in 7 years.
KWEN
Lifetime
18 annual accounts with figures on one time axis, 34 filings since 1991peak €365,373 (2008)
€115,370▲ €141,058
lowest -€165,228 (2020)
€100,048▲ €140,771
peak €718,079 (2018)
€366,961▲ 37.5%
€140,469▲ 15.6%
peak 1.9 FTE (2008)
-not published
Board1 name since 2022
1 directorNooyens Marc
Documentsfilings and deeds
29-01-20262 days before the deadline
2025micro format
Gross margin from -€25,687 to €115,370Back to profit: €100,048Equity from €266,912 to €366,961Debts from €121,558 to €140,469Investments €17,700Cash from €54,489 to €90,072
Key points
from the 2025 annual accountsResult
€100,048 €100,048
Back in profit in 2025, after a loss of €40,722 in 2024.
Turnover
≈ €430,000 estimated
The micro format states no turnover.
Investments
€17,700 5.3 × depreciation
Green is investment, beige is depreciation.
Filings
34 annual accounts since 1991
The last five annual accounts were filed 0 to 22 days before the end of the period.
Position in the sector
€100,048
Higher net result than 95% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
Checked score
97
Excellent
Financially stronger than 74% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024highest value
02-2025: 0.3%▼ -0.1 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.1%▼ -0.2 percentage points vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 3.49, cash €90,072
Founded in 1990
Equity €366,961 (72.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 78% of them on solvency, 59% on liquidity, 79% on profitability and 78% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as KWEN has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of KWEN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for KWEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.49 (3.17 in 2024), above the usual 1.5. Short-term debt is 27.7% and cash 17.8% of total assets. 27.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 €366,961
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 days early
2024
on the day
2023
22 days early
2022
1 day early
2021
13 days early
2020
31 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0442161632
First establishment
Sparrenlaan zn, Kapellen
Incorporation
published on 22-12-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KWEN Kapellen | €507,429 | €115,370 | 72.3% | - |
| DYCKMANS KEUKENS Zoersel | €444,661 | €127,829 | 56.0% | 0.7 |
| Menuiserie GOEBELS et Fils Thimister-Clermont | €491,932 | €124,660 | 71.4% | - |
| SCHRIJNWERKERIJ SIMOENS Leuven | €442,523 | €110,984 | 33.5% | - |
| Etablissements XHIGNESSE Christian Durbuy | €461,939 | €133,649 | 61.7% | - |
| BRYSSE Torhout | €525,024 | €136,707 | 43.2% | - |
| JANSSENS BOUW Oudenaarde | €495,882 | €98,251 | 21.7% | - |
These companies have the same main activity as KWEN: joinery installation (NACE 43320). They are comparable in size and age: total assets between €443,000 and €525,000, founded between 1987 and 1994.
Official details
Source: KBO- Status
- Active since 07-12-1990Normal situation
- Activity
- Joinery installationNACE 43320and 2 others
- Establishment unit
- 2.050.851.3032950 Kapellen, since 01-12-1994
- Financial year end
- 30 June
- Peppol
- Reachable since 18-11-2025
Annual accounts to 30-06-2025
- €507,429▲ 30.6%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on KWEN
KWEN files the micro format. That format states no turnover. The gross margin fell from €365,373 in 2008 to €115,370 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KWEN
- What is the company number of KWEN?
- The company number of KWEN is 0442.161.632. The VAT number is the same number with BE in front: BE 0442.161.632.
- Where is KWEN based?
- The registered office is at Starrenhoflaan zn, 2950 Kapellen.Company details
- What does KWEN do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of KWEN?
- KWEN is a private limited company (pre-2019) (BVBA).
- When was KWEN founded?
- KWEN was founded on 07-12-1990.
- Is KWEN still active?
- Yes, KWEN is an active enterprise in the KBO register.
- What is the turnover of KWEN?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €115,370 and 36 comparable companies (NACE 43320). It probably lies between €310,000 and €590,000.Financials
- Is KWEN profitable?
- In financial year 2025, KWEN made a profit of €100,048.
- Where can I find the annual accounts of KWEN?
- KWEN filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KWEN due?
- KWEN must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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