Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
KGW GROUP from Bocholt, company number BE0744915260, closed financial year 2023 with a result of € 12,818 after tax. For that financial year KGW GROUP recorded a gross margin of € 20,279 and equity of € -854. Compared with financial year 2022, the result moved from € 25,060 to € 12,818. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 27, 2024.
€ -854
▲ € 12,818 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,818
▼ 49% vs 2022
Profit after tax over the fiscal year.
€ 19,824
▲ 134% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -2,854.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2023
€ 62,201
▲ € 51,451 vs 2022
€ 6,161 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 18,946
▼ 3% vs 2022
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -17,269 | € 30,740 | € 20,279 | ▼ 34% |
| Profit after taxes | € -18,772 | € 25,060 | € 12,818 | ▼ 49% |
| Equity | € -38,733 | € -13,673 | € -854 | ▲ € 12,818 |
| Total debts | € 57,621 | € 51,853 | € 81,175 | ▲ 57% |
| Cash | € 2,150 | € 8,480 | € 19,824 | ▲ 134% |
| Retained profit | € -40,733 | € -15,673 | € -2,854 | ▲ € 12,818 |
| Bank debt | € 15,222 | € 10,750 | € 62,201 | ▲ € 51,451 |
| Balance sheet total | € 18,888 | € 38,181 | € 80,320 | ▲ 110% |
Key figures of KGW GROUP, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to KGW GROUP?
What happened at KGW GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
KGW GROUP is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 12,818 (▼ 49% vs 2022). filed late Source: NBB ↗
- New establishment in Bocholt. KBO
- Kristof Gielen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,772 loss in 2021 to € 12,818 profit in 2023.
Best year ever: 2022, with € 25,060 profit.
Management
Behind KGW GROUP is Kristof Gielen.
Directors
According to the 2023 annual accounts
Kristof Gielen
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Kruitmolenweg 2
3950 Bocholt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0744.915.260
- VAT number
- BE 0744.915.260
- Registered office
- Kruitmolenweg 2, 3950 Bocholt
- Names & denominations
- KGW GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 10 March 2020
- Peppol
- Not registered
- Activities · NACE
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in schoeisel
Activiteiten van holdings
Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren
Detailhandel in ICT-apparatuur
Detailhandel in spellen en speelgoed
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Holdings
+2