KWF
ActiveSummary
KWF has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14k and a net result of €-500. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+7
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 23.42 against 5.65 in 2023; short-term debt: 4.3% and cash: 94.1% of total assets), and 4.3% 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 · 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
95.7%
Return on assets
-3.3%
Age of the figures
21 mo
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 04-07-2025, 27 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
26 d early
2022
28 d early
2021
9 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€14k▼ 3.3%
2023 · €15k
2020: €3klowest in 5 years
2021: €9k▲ +258% vs 2020
2022: €17k▲ +84.9% vs 2021highest in 5 years
2023: €15k▼ -9.5% vs 2022
2024: €14k▼ -3.3% vs 2023
2020 → 2024
Total assets
€15k▼ 15.4%
2023 · €18k
2020: €11klowest in 5 years
2021: €35k▲ +212% vs 2020highest in 5 years
2022: €33k▼ -5.7% vs 2021
2023: €18k▼ -45.7% vs 2022
2024: €15k▼ -15.4% vs 2023
2020 → 2024
Net result
€-500▲ 68.2%
2023 · €-2k
2020: €5
2021: €6k▲ +143025% vs 2020
2022: €8k▲ +17.8% vs 2021highest in 5 years
2023: €-2k▼ -121% vs 2022lowest in 5 years
2024: €-500▲ +68.2% vs 2023
2020 → 2024
Working capital
€14k▲ 7.9%
2023 · €13k
2020: €3klowest in 5 years
2021: €6k▲ +137% vs 2020
2022: €13k▲ +119% vs 2021
2023: €13k▲ +3.3% vs 2022
2024: €14k▲ +7.9% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3k-€9k▲ 258%€17k▲ 84.9%€15k▼ 9.5%€14k▼ 3.3%
2020: €3klowest in 5 years
2021: €9k▲ +258% vs 2020
2022: €17k▲ +84.9% vs 2021highest in 5 years
2023: €15k▼ -9.5% vs 2022
2024: €14k▼ -3.3% vs 2023
Operating result€61-€8k▲ 13,470%€10k▲ 17.8%€-2k€-427▲ 72.8%
2020: €61
2021: €8k▲ +13470% vs 2020
2022: €10k▲ +17.8% vs 2021highest in 5 years
2023: €-2k▼ -116% vs 2022lowest in 5 years
2024: €-427▲ +72.8% vs 2023
Net result€5-€6k▲ 143,025%€8k▲ 17.8%€-2k€-500▲ 68.2%
2020: €5
2021: €6k▲ +143025% vs 2020
2022: €8k▲ +17.8% vs 2021highest in 5 years
2023: €-2k▼ -121% vs 2022lowest in 5 years
2024: €-500▲ +68.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €427 in 2024 against €2k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €15k
Equity
€14k ▼ 3.3%
Debt
€646 ▼ 77.7%
Debt's share of the balance-sheet total falls from 16.2% to 4.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1k▲
2023 · €431
Cash flow
€1k▲
2023 · €425
Current ratio
23.42▲
2023 · 5.65
Debt to equity
0.04▼
2023 · 0.19
ROE
-3.5%▲
2023 · -10.5%
ROA
-3.3%▲
2023 · -8.8%
Interest coverage
15.36▲
2023 · 6.65
Debt ≤ 1 year
€646▼
2023 · €3k
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 · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€18k€15k▼
Fixed assets21/28€2k-
Tangible fixed assets22/27€2k-
Furniture and vehicles24€2k-
Current assets29/58€16k€15k▼
Amounts receivable within one year40/41€779€764▼
Trade receivables40€551€421▼
Other amounts receivable41€228€344▲
Cash at bank and in hand54/58€15k€14k▼
Deferred charges and accrued income490/1€132€136▲
Equity and liabilities
Total equity and liabilities10/49€18k€15k▼
Equity10/15€15k€14k▼
Contributions10/11€3k€3k=
Reserves13€12k€12k▼
Distributable reserves133€12k€12k▼
Amounts payable17/49€3k€646▼
Amounts payable within one year42/48€3k€646▼
Trade debts44€595€210▼
Suppliers440/4€595€210▼
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Other amounts payable47/48€330€436▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€446€509▲
Gross operating margin9900€878€2k▲
Operating profit (loss)9901€-2k€-427▲
Financial income75/76B€64€0▼
Recurring financial income75€64€0▼
Financial charges65/66B€65€74▲
Recurring financial charges65€65€74▲
Profit (loss) for the period before taxes9903€-2k€-500▲
Income taxes67/77€5-
Profit (loss) for the period9904€-2k€-500▲
Profit (loss) for the period to be appropriated9905€-2k€-500▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-500▲
Transfer from equity791/2€2k€500▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €444 | €2k | €2k | €2k | ▼ 22.2% |
| Other operating charges640/8 | - | €62 | €331 | €446 | €509 | ▲ 14.0% |
| Gross operating margin9900 | €2k | €9k | €12k | €878 | €2k | ▲ 86.6% |
| Operating profit (loss)9901 | €61 | €8k | €10k | €-2k | €-427 | ▲ 72.8% |
| Financial income75/76B | - | - | - | €64 | €0 | ▼ 99.8% |
| Recurring financial income75 | - | - | - | €64 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | €257 | €238 | €65 | €74 | ▲ 13.3% |
| Recurring financial charges65 | €23 | €257 | €238 | €65 | €74 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €38 | €8k | €10k | €-2k | €-500 | ▲ 68.1% |
| Income taxes67/77 | €33 | €2k | €2k | €5 | - | - |
| Profit (loss) for the period9904 | €5 | €6k | €8k | €-2k | €-500 | ▲ 68.2% |
| Profit (loss) for the period to be appropriated9905 | €5 | €6k | €8k | €-2k | €-500 | ▲ 68.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11k | €35k | €33k | €18k | €15k | ▼ 15.4% |
| Fixed assets21/28 | - | €6k | €4k | €2k | - | - |
| Tangible fixed assets22/27 | - | €6k | €4k | €2k | - | - |
| Furniture and vehicles24 | - | €6k | €4k | €2k | - | - |
| Current assets29/58 | €11k | €29k | €29k | €16k | €15k | ▼ 7.3% |
| Amounts receivable within one year40/41 | €2k | €7k | €4k | €779 | €764 | ▼ 1.9% |
| Trade receivables40 | - | €7k | €4k | €551 | €421 | ▼ 23.6% |
| Other amounts receivable41 | - | €6 | €272 | €228 | €344 | ▲ 50.4% |
| Cash at bank and in hand54/58 | €8k | €22k | €25k | €15k | €14k | ▼ 7.6% |
| Deferred charges and accrued income490/1 | - | €578 | €590 | €132 | €136 | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11k | €35k | €33k | €18k | €15k | ▼ 15.4% |
| Equity10/15 | €3k | €9k | €17k | €15k | €14k | ▼ 3.3% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Reserves13 | €5 | €6k | €14k | €12k | €12k | ▼ 4.0% |
| Distributable reserves133 | - | €6k | €14k | €12k | €12k | ▼ 4.0% |
| Amounts payable17/49 | €9k | €26k | €16k | €3k | €646 | ▼ 77.7% |
| Amounts payable after more than one year17 | - | €3k | - | - | - | - |
| Financial debts170/4 | - | €3k | - | - | - | - |
| Amounts payable within one year42/48 | €9k | €23k | €16k | €3k | €646 | ▼ 77.7% |
| Current portion of amounts payable after more than one year42 | - | €3k | - | - | - | - |
| Trade debts44 | €182 | €273 | €411 | €595 | €210 | ▼ 64.7% |
| Suppliers440/4 | - | €273 | €411 | €595 | €210 | ▼ 64.7% |
| Taxes, remuneration and social security45 | - | €4k | €5k | €2k | - | - |
| Taxes450/3 | - | €4k | €5k | €2k | - | - |
| Other amounts payable47/48 | - | €17k | €11k | €330 | €436 | ▲ 32.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5 | €6k | €8k | €-2k | €-500 | ▲ 68.2% |
| + Depreciation and write-downs630 | €2k | €444 | €2k | €2k | €2k | ▼ 22.2% |
| Operating cash flow (approximation) | €2k | €7k | €10k | €425 | €1k | ▲ 148% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - | - |
| Change in cash | - | €14k | €3k | €-9k | €-1k | ▲ 87.6% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 23.42
Current ratio from 5.65 to 23.42; short-term debt falls from €3k to €646.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.65
Current ratio from 1.80 to 5.65; short-term debt falls from €16k to €3k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €8k ▲17.8%
Operating result €10k, net result €8k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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
Directors
2 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, Genk · 1 establishment unit since 2020
Ground area
769 m²
Building footprint
167 m²
Volume, LiDAR
946 m³
Parcel 71302A0028/00M032, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KWF
since 20202.306.420.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0028/00M032 | Flanders | 769 m² | 1 · 167 m² | 10.8 m · 1 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.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,231 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
Founded01-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
68121Development of residential building projects
43310Plastering work
43320Joinery installation
43350Other building finishing work
Contact
E-mail
kwf101@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.