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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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KSD from Gent, company number BE0874488157, closed financial year 2025 with a result of € 17,354 after tax. For that financial year KSD recorded a gross margin of € 263,659 and equity of € 945,885. Compared with financial year 2024, the result moved from € 78,882 to € 17,354. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 19, 2025.
€ 945,885
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,354
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 39,646
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 45,885.
Debts at end 2025
€ 1.4 million
▼ 13% vs 2024
€ 207,738 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 2,185
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,350
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 489,038 | € 397,829 | € 352,463 | € 263,659 | ▼ 25% |
| Profit after taxes | € 236,669 | € 129,815 | € 78,882 | € 17,354 | ▼ 78% |
| Equity | € 719,834 | € 849,649 | € 928,531 | € 945,885 | ▲ 2% |
| Total debts | € 2,410,301 | € 2,178,498 | € 1,822,552 | € 1,587,889 | ▼ 13% |
| Cash | € 38,281 | € 52,472 | € 75,595 | € 39,646 | ▼ 48% |
| Land & buildings | € 3,083,575 | € 2,872,818 | € 2,662,060 | € 2,451,303 | ▼ 8% |
| Retained profit | € -180,166 | € -50,351 | € 28,531 | € 45,885 | ▲ 61% |
| Bank debt | € 1,974,408 | € 1,775,655 | € 1,573,950 | € 1,369,252 | ▼ 13% |
| Balance sheet total | € 3,130,135 | € 3,028,147 | € 2,751,083 | € 2,533,775 | ▼ 8% |
Key figures of KSD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to KSD?
What happened at KSD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,354 (▼ 78% vs 2024). Source: NBB ↗
- Louis Lannoo became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 236,669 profit in 2022 to € 17,354 profit in 2025.
Paid € 13 in corporate taxes since 2022.
Best year ever: 2022, with € 236,669 profit.
Management
Behind KSD is Louis Lannoo. Louis Lannoo is also behind J.P.P., LEXXUS and BELFORT 18.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
Adelaarsstraat 24
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0874.488.157
- VAT number
- BE 0874.488.157
- Registered office
- Adelaarsstraat 24, 9051 Gent
- Names & denominations
- KSD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 June 2005
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen