Active BE 0717.600.357Limited partnership

KWZ BUILDING

H. Pauwelslaan 1 ·1200 Sint-Lambrechts-Woluwe, Belgium· 7 yrs active

Sector: Other specialised construction activities (43990)

Conclusion Checked

The computed 12-month bankruptcy probability of KWZ BUILDING is 3.2% (moderate). The 2024 annual accounts show negative equity (€-16k) and a net result of €-20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 3570 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-16k
Net result	€-20k
Better than sector	5%
Active	7 yrs

Financial profile 5 of 5 axes measured · computed by Checked

53 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 100

Solvency 33

Growth 24

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

3.2% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

0 2021

23 2022

86 2023

7 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.10 (< 1.0) -10

Quick ratio Quick ratio 0.10 (< 0.6) -5

Equity Negative equity -25

Profitability ROE 121% (≥ 10%) +10

Interest coverage Interest coverage -41.4× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · full schema

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-496.3%	40.0%	better than 5% of 3570 sector peers
Net result	€-20k	€29k	better than 12% of 3568 sector peers
Equity	€-16k	€287k	better than 5% of 3570 sector peers
Gross operating margin	€-14k	€292k	better than 5% of 3055 sector peers
Total assets	€3k	€816k	better than 5% of 3570 sector peers

Revenue

€164k

-8.0% 21-24

EBITDA

€-14k

- 21-24

Net profit

€-20k

- 21-24

Cash flow

€-19k

- 21-24

Total assets

€3k

-76.1% 21-24

Equity

€-16k

- 21-24

Working capital

€-18k

- 21-24

Income taxes

€4k

- 21-24

Debt

€20k

+90.1% 21-24

Debt ≤ 1y

€20k

+90.1% 21-24

Current ratio

0.10

-92.1% 21-24

Quick ratio

0.10

-92.1% 21-24

Solvency

-496.3%

- 21-24

Debt / equity

-1.20

- 21-24

ROE

121.2%

-16.6% 21-24

ROA

-601.4%

- 21-24

Net margin

2.8%

- 21-24

EBITDA margin

5.3%

- 21-24

Interest coverage

-41.44

- 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	full schema	full schema	full schema	full schema
Revenue	-	-	€164k	€178k
EBITDA	€-14k	€2k	€9k	€-2k
Net profit	€-20k	€5k	€5k	€-5k
Cash flow	€-19k	€6k	€6k	€-4k
Staff costs	-	-	-	-
Income taxes	€4k	€-5k	€3k	€2k
Dividends	-	-	-	-
Total assets	€3k	€14k	€8k	€5k
Equity	€-16k	€3k	€-2k	€-6k
Debt	€20k	€10k	€10k	€12k
of which ≤ 1y	€20k	€10k	€10k	€12k
of which > 1y	-	-	-	-
Working capital	€-18k	€3k	€-3k	€-7k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	0.10	1.28	0.67	0.37
Quick ratio	0.10	1.28	0.67	0.37
Working capital ratio	-535.9%	21.2%	-39.3%	-134.0%
Solvency	-496.3%	25.1%	-19.1%	-112.9%
Debt / equity	-1.20	2.98	-6.23	-1.89
Long-term debt ratio	-	-	-	-
Interest coverage	-41.44	6.92	39.87	-9.96
Gross margin	-	-	5.3%	-0.9%
Net margin	-	-	2.8%	-2.9%
ROA	-601.4%	36.5%	55.8%	-96.6%
ROE	121.2%	145.4%	-292.0%	85.5%
EBITDA margin	-	-	5.3%	-0.9%
Days sales outstanding	-	-	4d	8d
Days payable outstanding	-	-	0d	5d
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €1k · 39.6% Current assets €2k · 60.5%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€3k	€14k	€8k	€5k
Fixed assets	21/28	€1k	€542	€2k	€1k
Tangible fixed assets	22/27	€1k	€542	€2k	€1k
Current assets	29/58	€2k	€13k	€7k	€4k
Amounts receivable within one year	40/41	€368	€5k	€2k	€4k
Cash & bank	54/58	€2k	€8k	€5k	€501
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3k	€14k	€8k	€5k
Equity	10/15	€-16k	€3k	€-2k	€-6k
Contributions / capital	10/11	€3k	€3k	€3k	€3k
Reserves	13	€250	€250	€250	€250
Accumulated profits (losses)	14	€-19k	€703	€-4k	€-9k
Amounts payable	17/49	€20k	€10k	€10k	€12k
Amounts payable within one year	42/48	€20k	€10k	€10k	€12k
Trade debts payable within one year	44	€9k	€3k	€159	€2k
Income statement
Turnover	70	-	-	€164k	€178k
Gross operating margin	9900	€-14k	€2k	€9k	€-2k
Operating result	9901	€-15k	€679	€8k	€-3k
Financial charges	65	€342	€259	€217	€168
Result before taxes	9903	€-16k	€420	€7k	€-3k
Income taxes	67/77	€4k	€-5k	€3k	€2k
Net result for the period	9904	€-20k	€5k	€5k	€-5k
Result to be appropriated	9905	€-20k	€5k	€5k	€-5k

Legal Structure

NACE primary	Other specialised construction activities(43990)
Legal form	Limited partnership(012)
Incorporation	03-01-2019
Status	Active
Postal code	1200

Establishment units 1 location

KWZ BUILDING

H. Pauwelslaan 1, 1200 Sint-Lambrechts-WoluweCivil engineering

since 20192.301.724.282

Updates 4 events

All 7Financial 3Filings 4

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €-20k ▼494%

Net result drops to €-20k, the lowest in the series.

08-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2021net €5k ▲9.8%

Net result €5k, the highest in the series.

31-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

25-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 25 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Other specialised construction activities43990Specialised construction activities43999Other building finishing work43350

Names & trade names

Legal nameFR	KWZ BUILDING
Trade nameFR	KWZ BUILDING

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