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LKW-TECH

Active
Private limited companyfounded 20224 yrs activeNobels-Peelmanstraat 4, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0783.777.915

The file of LKW-TECH contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 1.7% (moderate). The 2024 annual accounts show equity of €391,651 and a net result of €80,433. Its solvency ranks better than 35% of 494 sector peers (fiscal year 2024).

Checked score

Score 2024
Axes · tick = 2023
Profitability76▼-24
Solvency55▼-5
Growth52
Track record79
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 1.14 in 2023; short-term debt: 40.6% and cash: 8.4% of total assets), and 70.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
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 17-06-2025, 44 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
44 d early
2023
25 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 March 2022, LKW-TECH was incorporated as a Private limited company.1 ABDULKADIR YALCINKAYA has served as non-statutory director of the company since 2026.2 The company was declared bankrupt on 30 June 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 06-07-2026
  3. 3Belgian State Gazette, 04-07-2025

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Financials · fiscal year 2024, abbreviated schema

Equity
€391,651▲ 25.8%
2023 · €311,218
Total assets
€1.3m▲ 48.4%
2023 · €885,934
Net result
€80,433▼ 75.3%
2023 · €326,218
Working capital
€62,016▲ 17.7%
2023 · €52,711
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€462,764-€140,834▼ 69.6%
Net result€326,218above the sector's middle half-€80,433within the sector's middle half▼ 75.3%
Equity€311,218within the sector's middle half-€391,651within the sector's middle half▲ 25.8%
Total assets€885,934within the sector's middle half-€1.3mwithin the sector's middle half▲ 48.4%
Debt€574,716-€922,723▲ 60.6%
Working capital€52,711within the sector's middle half-€62,016within the sector's middle half▲ 17.7%
Solvency35.1%within the sector's middle half-29.8%within the sector's middle half▼ 5.3pp
Current ratio1.14within the sector's middle half-1.12within the sector's middle half▼ 0.02
Return on assets (ROA)36.8%above the sector's middle half-6.1%within the sector's middle half▼ 30.7pp
Staff (FTE)14.6within the sector's middle half-16above the sector's middle half▲ 9.6%
above within below the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2023: €462,764€462,764Net result 2023: €326,218€326,218Operating result 2024: €140,834€140,834Net result 2024: €80,433€80,43320232024€0€200,000€400,000Operating result 2023: €462,764€463,000Net result 2023: €326,218€326,000Operating result 2024: €140,834€141,000Net result 2024: €80,433€80,40020232024
The operating result falls in 2024; 2024 is 70% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets €719,281 ▲ 58.8%
Current assets €595,093 ▲ 37.5%
Equity and liabilities €1.3m
Equity €391,651 ▲ 25.8%
Debt €922,723 ▲ 60.6%
Debt's share of the balance-sheet total rises from 64.9% to 70.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€296,570▼
2023 · €611,498
Cash flow
€236,169▼
2023 · €474,953
Quick ratio
0.60▼
2023 · 1.14
Debt to equity
2.36▲
2023 · 1.85
ROE
20.5%▼
2023 · 104.8%
Interest coverage
12.69▼
2023 · 23.80
Debt ≤ 1 year
€533,077▲
2023 · €380,168
Debt > 1 year
€389,646▲
2023 · €194,548
Income taxes
€38,115▼
2023 · €111,806
Staff costs
€717,197▼
2023 · €850,434
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,602 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
2.3% went bankrupt
0.9% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,602 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet Code20232024
Assets
Total assets20/58€885,934€1.3m▲
Fixed assets21/28€453,055€719,281▲
Tangible fixed assets22/27€433,255€704,431▲
Plant, machinery and equipment23€62,387€85,134▲
Furniture and vehicles24€370,867€318,268▼
Leasing and similar rights25-€301,029
Financial fixed assets28€19,800€14,850▼
Current assets29/58€432,879€595,093▲
Stocks and contracts in progress3-€276,779
Contracts in progress37-€276,779
Amounts receivable within one year40/41€354,291€207,299▼
Trade receivables40€297,513€183,506▼
Other amounts receivable41€56,778€23,793▼
Cash at bank and in hand54/58€76,203€111,016▲
Deferred charges and accrued income490/1€2,385-
Equity and liabilities
Total equity and liabilities10/49€885,934€1.3m▲
Equity10/15€311,218€391,651▲
Contributions10/11€25,000€25,000=
Reserves13€286,218€366,651▲
Distributable reserves133€286,218€366,651▲
Amounts payable17/49€574,716€922,723▲
Amounts payable after more than one year17€194,548€389,646▲
Financial debts170/4€194,548€389,646▲
Amounts payable within one year42/48€380,168€533,077▲
Current portion of amounts payable after more than one year42€120,593€217,161▲
Trade debts44€128,252€164,972▲
Suppliers440/4€128,252€164,972▲
Taxes, remuneration and social security45€91,323€150,944▲
Taxes450/3€75,408€117,477▲
Remuneration and social security454/9€15,915€33,467▲
Other amounts payable47/48€40,000-
Income statement Code20232024
Non-recurring operating income76A-€18,358
Remuneration, social security and pensions62€850,434€717,197▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148,735€155,736▲
Other operating charges640/8€45,017€7,651▼
Non-recurring operating charges66A-€18,090
Gross operating margin9900€1.5m€1.0m▼
Operating profit (loss)9901€462,764€140,834▼
Financial income75/76B€958€1,091▲
Recurring financial income75€958€1,091▲
Financial charges65/66B€25,698€23,376▼
Recurring financial charges65€25,698€23,376▼
Profit (loss) for the period before taxes9903€438,023€118,548▼
Income taxes67/77€111,806€38,115▼
Profit (loss) for the period9904€326,218€80,433▼
Profit (loss) for the period to be appropriated9905€326,218€80,433▼
Appropriation of the result
Profit (loss) to be appropriated9906€326,218€80,433▼
Transfer to equity691/2€286,218€80,433▼
To other reserves6921€286,218€80,433▼
Profit to be distributed694/7€40,000-
Directors or managers695€40,000-
Social balance
Average headcount (FTE)908714.616.0▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Non-recurring operating income76A-€18,358-
Remuneration, social security and pensions62€850,434€717,197▼ 15.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148,735€155,736▲ 4.7%
Other operating charges640/8€45,017€7,651▼ 83.0%
Non-recurring operating charges66A-€18,090-
Gross operating margin9900€1.5m€1.0m▼ 31.0%
Operating profit (loss)9901€462,764€140,834▼ 69.6%
Financial income75/76B€958€1,091▲ 13.9%
Recurring financial income75€958€1,091▲ 13.9%
Financial charges65/66B€25,698€23,376▼ 9.0%
Recurring financial charges65€25,698€23,376▼ 9.0%
Profit (loss) for the period before taxes9903€438,023€118,548▼ 72.9%
Income taxes67/77€111,806€38,115▼ 65.9%
Profit (loss) for the period9904€326,218€80,433▼ 75.3%
Profit (loss) for the period to be appropriated9905€326,218€80,433▼ 75.3%
Line20232024Change
Assets
Total assets20/58€885,934€1.3m▲ 48.4%
Fixed assets21/28€453,055€719,281▲ 58.8%
Tangible fixed assets22/27€433,255€704,431▲ 62.6%
Plant, machinery and equipment23€62,387€85,134▲ 36.5%
Furniture and vehicles24€370,867€318,268▼ 14.2%
Leasing and similar rights25-€301,029-
Financial fixed assets28€19,800€14,850▼ 25.0%
Current assets29/58€432,879€595,093▲ 37.5%
Stocks and contracts in progress3-€276,779-
Contracts in progress37-€276,779-
Amounts receivable within one year40/41€354,291€207,299▼ 41.5%
Trade receivables40€297,513€183,506▼ 38.3%
Other amounts receivable41€56,778€23,793▼ 58.1%
Cash at bank and in hand54/58€76,203€111,016▲ 45.7%
Deferred charges and accrued income490/1€2,385--
Equity and liabilities
Total equity and liabilities10/49€885,934€1.3m▲ 48.4%
Equity10/15€311,218€391,651▲ 25.8%
Contributions10/11€25,000€25,000=
Reserves13€286,218€366,651▲ 28.1%
Distributable reserves133€286,218€366,651▲ 28.1%
Amounts payable17/49€574,716€922,723▲ 60.6%
Amounts payable after more than one year17€194,548€389,646▲ 100%
Financial debts170/4€194,548€389,646▲ 100%
Amounts payable within one year42/48€380,168€533,077▲ 40.2%
Current portion of amounts payable after more than one year42€120,593€217,161▲ 80.1%
Trade debts44€128,252€164,972▲ 28.6%
Suppliers440/4€128,252€164,972▲ 28.6%
Taxes, remuneration and social security45€91,323€150,944▲ 65.3%
Taxes450/3€75,408€117,477▲ 55.8%
Remuneration and social security454/9€15,915€33,467▲ 110%
Other amounts payable47/48€40,000--
Line20232024Change
Profit (loss) for the period9904€326,218€80,433▼ 75.3%
+ Depreciation and write-downs630€148,735€155,736▲ 4.7%
Operating cash flow (approximation)€474,953€236,169▼ 50.3%
Investment in fixed assets (approximation)--€421,962-
Change in cash-€34,812-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
06-07
State Gazette act Appointment: ABDULKADIR YALCINKAYA (non-statutory director)
2 facts ▸
  • General meeting, 10-06-2026
  • Director appointment, ABDULKADIR YALCINKAYA (non-statutory director)
2025
14-07
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 07-07-2025
04-07
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 30-06-2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
SignalState Gazette actNBB filing
1 of 6 acts read
About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
ABDULKADIR YALCINKAYA
Non-statutory director · since 10-06-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2022
seat establishment approximate The establishment unit on the map
Ground area
999 m²
Building footprint
395 m²
Volume, LiDAR
851 m³
Parcel 46021A0804/00F004, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LKW-TECH
Nobels-Peelmanstraat 4, 9100 Sint-NiklaasConstruction of roads and motorways
since 20222.329.279.806
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46021A0804/00F004indicative Flanders 999 m² 1 · 395 m² 4.7 m · 1 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
ABDULKADIR YALCINKAYA
  • Non-statutory director, from 10-06-2026 to date
See the board, name and seat on a given date →

Insolvency mandates

1 mandate
Role Name Tenure
Curator ALAIN CLEYMAN
Pr. Jos. Charlottelaan 71, 9100 Sint-Niklaas
30-06-2025 → 07-07-2025

Structure & network

Connections & network

1 current director
Depth

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Recognitions · licences · registrations

Recognised contractor

5 categories
LKW-TECH BV#10390
category C2, class 5 · category C5, class 5 · category C6, class 5 · category P2, class 5 · category P3, class 5
decision 28-05-2026 · valid until 27-01-2028

Similar companies · same sector, comparable size

Of 2,325 companies in this sector we hold annual accounts for 1,096. 795 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded24-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
42211Civil engineering
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43110Demolition
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0783777915
Also 9925:BE0783777915
Registered 24-03-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.