Checked.be
Active
BE 0825.649.746Private limited company
KDB & Co
Bocléstraat(L) 70 ·7700 Mouscron, Belgium· 16 yrs active
Sector: Non-specialised retail sale with food, beverages or tobacco predominating
(47110)
Conclusion
KDB & Co has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212k and a net result of €11k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €212k |
| Net result | €11k |
| Better than sector | 64% |
| Active | 16 yrs |
Financial profile
66
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
64
Profitability
26
Solvency
63
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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
64
/ 100
Healthy
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
€14k
estimate, not credit advice
Score history
49
2021
64
2022
49
2023
40
2024
64
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.55 (< 1.0)
-10
Quick ratio
Quick ratio 0.23 (< 0.6)
-5
Leverage
Debt/equity 0.95 (< 1.0)
+10
Profitability
ROE 5%
+3
Interest coverage
Interest coverage 7.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~5.5%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 51.3% | 34.6% | |
| Net result | €11k | €5k | |
| Equity | €212k | €44k | |
| Gross operating margin | €41k | €34k | |
| Total assets | €412k | €154k |
€34k
+6.4%
21-25
€11k
-
21-25
€26k
+12.0%
21-25
€412k
+7.4%
21-25
€212k
+5.5%
21-25
€-54k
-16.1%
21-25
0
-88.9%
21-25
€1k
-94.3%
21-25
€3k
+87.6%
21-25
€201k
+9.6%
21-25
€119k
+37.8%
21-25
€82k
-15.5%
21-25
0.55
+18.4%
21-25
0.23
+69.4%
21-25
51.3%
-1.8%
21-25
0.95
+3.9%
21-25
5.2%
-
21-25
2.7%
-
21-25
7.27
+56.0%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €34k | €32k | €53k | €54k | €45k |
| Net profit | €11k | €-2k | €13k | €20k | €10k |
| Cash flow | €26k | €23k | €38k | €39k | €32k |
| Staff costs | - | €1k | €21k | €15k | €11k |
| Income taxes | €3k | €2k | €9k | €7k | €5k |
| Dividends | - | - | - | - | - |
| Total assets | €412k | €384k | €436k | €437k | €397k |
| Equity | €212k | €201k | €203k | €191k | €171k |
| Debt | €201k | €183k | €233k | €246k | €226k |
| of which ≤ 1y | €119k | €86k | €103k | €86k | €58k |
| of which > 1y | €82k | €97k | €130k | €161k | €169k |
| Working capital | €-54k | €-46k | €-36k | €-43k | €-17k |
| Employees (FTE) | - | 0.1 | 0.9 | 1.0 | 0.8 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.55 | 0.46 | 0.65 | 0.50 | 0.71 |
| Quick ratio | 0.23 | 0.13 | 0.10 | 0.17 | 0.38 |
| Working capital ratio | -13.0% | -12.1% | -8.3% | -9.8% | -4.2% |
| Solvency | 51.3% | 52.3% | 46.5% | 43.6% | 43.0% |
| Debt / equity | 0.95 | 0.91 | 1.15 | 1.29 | 1.33 |
| Long-term debt ratio | 0.39 | 0.48 | 0.64 | 0.84 | 0.99 |
| Interest coverage | 7.27 | 4.66 | 8.44 | 7.62 | 5.84 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.7% | -0.6% | 2.9% | 4.5% | 2.6% |
| ROE | 5.2% | -1.2% | 6.2% | 10.4% | 6.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €412k | €384k | €436k | €437k | €397k |
| Fixed assets | 21/28 | €347k | €344k | €370k | €394k | €356k |
| Tangible fixed assets | 22/27 | €347k | €344k | €370k | €394k | €356k |
| Current assets | 29/58 | €65k | €40k | €67k | €43k | €41k |
| Stocks & contracts in progress | 3 | €38k | €28k | €56k | €28k | €19k |
| Amounts receivable within one year | 40/41 | €2k | €3k | €3k | €2k | €3k |
| Cash & bank | 54/58 | €21k | €9k | €4k | €7k | €15k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €412k | €384k | €436k | €437k | €397k |
| Equity | 10/15 | €212k | €201k | €203k | €191k | €171k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k | €12k |
| Reserves | 13 | €8k | €8k | €8k | €8k | €8k |
| Accumulated profits (losses) | 14 | €191k | €180k | €182k | €170k | €150k |
| Amounts payable | 17/49 | €201k | €183k | €233k | €246k | €226k |
| Amounts payable after one year | 17 | €82k | €97k | €130k | €161k | €169k |
| Amounts payable within one year | 42/48 | €119k | €86k | €103k | €86k | €58k |
| Trade debts payable within one year | 44 | €30k | €4k | €12k | €9k | €5k |
| Income statement | ||||||
| Gross operating margin | 9900 | €41k | €39k | €82k | €76k | €62k |
| Operating result | 9901 | €19k | €6k | €28k | €34k | €23k |
| Financial income | 75 | €106 | €0 | - | €23 | €5 |
| Financial charges | 65 | €5k | €7k | €6k | €7k | €8k |
| Result before taxes | 9903 | €14k | €-656 | €22k | €27k | €15k |
| Income taxes | 67/77 | €3k | €2k | €9k | €7k | €5k |
| Net result for the period | 9904 | €11k | €-2k | €13k | €20k | €10k |
| Result to be appropriated | 9905 | €11k | €-2k | €13k | €20k | €10k |
Legal Structure
| NACE primary | Non-specialised retail sale with food, beverages or tobacco predominating(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 05-05-2010 |
| Status | Active |
| Postal code | 7700 |
Establishment units
Doorniksesteenweg 32, 8580 Avelgem
since 20102.188.211.221
Real-estate footprint
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A0894/00P000 | Flanders | 3,019 m² | 1 · 1,346 m² | 13.6 m · 3 fl. |
| 54006N0089/00_000 | Wallonia | 560 m² | 1 · 99 m² | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-2k ▼119%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €203k ▲6.6%
3 profitable years in a row build equity to €203k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €20k ▲89.9%
Operating result €34k, net result €20k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
26-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade47112
Names & trade names
| Legal nameFR | KDB & Co |
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