KAWL-INVEST

Active

Public limited companyfounded 20224 yrs activeBeneluxpark(Kor) 26, 8500 Kortrijk, BelgiumKBO/BCE: BE 0786.575.869

The computed 12-month bankruptcy probability of KAWL-INVEST is 1.9% (moderate). The 2025 annual accounts show equity of €106k and a net result of €96k. Equity remains stable across the filed fiscal years (±2% per year). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

43 / 100

Weak▲ +31 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency3▲+3

Growth72▲+30

Stability94

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days only on tighter terms

Liquidity short (current ratio 0.03 against 0.03 in 2024), and 95.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

4.2%

Return on assets

3.8%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

27 d late

2024

61 d early

2023

31 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Turnover

€545k▲ 8.1%

2023 · €505k

2023: €505k

2023 → 2024

EBIT margin

29.4%▼ 4.4pp

2023 · 33.8%

2023: 33.8%

2023 → 2024

Net result

€96k

2024 · €-92k

2023: €2k 2024: €-92k

2023 → 2025

Working capital

€-2.34M▲ 45.9%

2024 · €-4.32M

2023: €-3.81M 2024: €-4.32M

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Turnover€505k-€545k▲ 8.1%

Equity€102k-€10k▼ 90.6%€106k▲ 1,011%

Operating result€170k-€160k▼ 5.8%€291k▲ 81.2%

Net result€2k-€-92k€96k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 81% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.53M

96.6%

Fixed assets €2.44M▼ 43.6%

Current assets €85k▼ 34.1%

Equity and liabilities €2.53M

95.8%

Equity €106k▲ 1,011%

Debt €2.42M▼ 45.6%

The debt ratio falls from 99.8% to 95.8%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

Solvency

4.2%▲

2024 · 0.2%

Current ratio

0.03▲

2024 · 0.03

Quick ratio

0.03▲

2024 · 0.03

Debt / equity

22.89

ROE

91.0%▲

2024 · -967.3%

ROA

3.8%▲

2024 · -2.1%

Debt

€2.42M▼

2024 · €4.45M

Debt ≤ 1 year

€2.42M▼

2024 · €4.45M

Income taxes

€1k▲

2024 · €322

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€4.46M€2.53M▼

Fixed assets21/28€4.33M€2.44M▼

Tangible fixed assets22/27€4.33M€2.44M▼

Land and buildings22€3.56M€2.01M▼

Assets under construction and advance payments27€768k€433k▼

Current assets29/58€128k€85k▼

Amounts receivable after more than one year29€118k-

Trade receivables290€118k-

Amounts receivable within one year40/41-€78k

Trade receivables40-€78k

Cash at bank and in hand54/58€10k€6k▼

Equity and liabilities

Total equity and liabilities10/49€4.46M€2.53M▼

Equity10/15€10k€106k▲

Contributions10/11€100k€100k=

Capital10€100k€100k=

Issued capital100€100k€100k=

Reserves13€2k€2k▲

Non-distributable reserves130/1€2k€2k▲

Legal reserve130€2k€2k▲

Profit (loss) carried forward14€-92k€4k▲

Amounts payable17/49€4.45M€2.42M▼

Amounts payable within one year42/48€4.45M€2.42M▼

Current portion of amounts payable after more than one year42€1.24M-

Financial debts43-€1k

Other loans439-€1k

Trade debts44€77k€80k▲

Suppliers440/4€77k€80k▲

Taxes, remuneration and social security45-€1k

Taxes450/3-€1k

Other amounts payable47/48€3.13M€2.34M▼

Accrued charges and deferred income492/3€1k-

Income statement Code20242025

Turnover70€545k-

Goods, raw materials, services and sundry goods60/61€160k€80k▼

Other operating charges640/8€225k€223k▼

Gross operating margin9900€385k€513k▲

Operating profit (loss)9901€160k€291k▲

Financial charges65/66B€252k€193k▼

Recurring financial charges65€252k€193k▼

Profit (loss) for the period before taxes9903€-92k€97k▲

Income taxes67/77€322€1k▲

Profit (loss) for the period9904€-92k€96k▲

Profit (loss) for the period to be appropriated9905€-92k€96k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-92k€4k▲

Profit (loss) brought forward from the previous period14P-€-92k

Transfer to equity691/2-€206

To the legal reserve6920-€206

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Gazette 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-09

State Gazette act Registered office · Resignations & appointments

General meeting · Director appointment · Permanent representative7 facts ▸

General meeting, 2026-08-28
Director appointment, Patricia Schautteet (bestuurder)
Director appointment, Vesta Group (bestuurder)
Director appointment, Anthony Verstraete (bestuurder)
Permanent representative, Christophe Verstraete
Board meeting, 2026-08-28
Registered-office move, Beneluxpark(Kor) 26 bus 0051, 8500 Kortrijk

27-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 27 days late

2025

31-12

Financial Back to profitnet €96k

Net result €96k after one loss-making year.

31-12

Financial Equity above €100kEq €106k ▲1011%

Equity rises from €10k to €106k.

31-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-92k ▼5816%

Net result drops to €-92k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2026

This board is reconstructed from a single act (26358125). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Anthony Verstraete

Director · since 28-08-2026

Current

Patricia Schautteet

Director · since 28-08-2026

Current

Vesta Group

Director · since 28-08-2026 · Public limited company · perm. rep.: Christophe Verstraete

Current

28-08-2026 Anthony Verstraete: Appointed as Director

28-08-2026 Patricia Schautteet: Appointed as Director

28-08-2026 Vesta Group: Appointed as Director

Location & real-estate footprint

Registered office, Kortrijk · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Beneluxpark(Kor) 268500 Kortrijk

Ground area

1.1 ha

Building footprint

3,738 m²

Volume, LiDAR

935 m³

2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

KAWL

Sint-Kwintens 12, 8300 Knokke-HeistConstruction of residential and non-residential buildings

since 20222.331.777.852

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34354D0456/00A000	Flanders	1.1 ha	1 · 3,566 m²	0.0 m
31039A0156/00C002	Flanders	253 m²	1 · 172 m²	8.3 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Connections & network

3 connected companies

Shared directors

Network connections

BUSINESS CENTER NIVELLES

Shared corporate director

→

FACTORY NEST

Shared corporate director

→

FACTORYMMO

Shared corporate director

→

Ownership & control

1 party

Control over this companysits on this company's board1

Vesta Group

4 subsidiaries · 1 location

controls

KAWL-INVESTBE 0786.575.869

Recognitions · licences · registrations

Legal Entity Identifier

9845004F7S7D2D878907

live in the LEI register

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded25-05-2022

Fiscal year end31-12

Trade name NL KAWL

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.