13 KVL

Active

Public limited companyfounded 200719 yrs activeLouizalaan 585, 1050 Elsene, BelgiumKBO/BCE: BE 0887.251.674

The computed 12-month bankruptcy probability of 13 KVL is 1.8% (moderate). The 2024 annual accounts show equity of €183k and a net result of €-5k. Equity is shrinking by ~6% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

36 / 100

Weak= vs 2023

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

Axes · tick = 2023

Profitability33=

Solvency22▲+2

Growth48=

Stability100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

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

Liquidity short (current ratio 0.31 against 0.34 in 2023), and 76.8% 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

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

−lowers risk+raises risk○neutral

No NACE activity registered

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

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

23.2%

Return on assets

-0.6%

Age of the figures

20 mo

Lower-risk legal form

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

KBO · legal form

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€5k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

21 d late

2023

9 d late

2022

24 d late

2021

13 d early

2020

25 d early

2019

30 d early

← before the deadline after the 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 2024, micro schema

Turnover

€51k=

2023 · €51k

2018: €55k 2019: €66k 2020: €66k 2021: €58k 2022: €51k 2023: €51k

2018 → 2024

EBIT margin

-8.9%▲ 6.2pp

2023 · -15.0%

2018: -89.3% 2019: -1.4% 2020: 3.7% 2021: -56.0% 2022: -44.0% 2023: -15.0%

2018 → 2024

Net result

€-5k▲ 40.7%

2023 · €-8k

2018: €-49k 2019: €-987 2020: €2k 2021: €-33k 2022: €-23k 2023: €-8k

2018 → 2024

Working capital

€-412k▼ 4.1%

2023 · €-395k

2018: €-567k 2019: €-522k 2020: €-473k 2021: €-489k 2022: €-475k 2023: €-395k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€66k-€58k▼ 12.1%€51k▼ 12.1%€51k=€51k=

Equity€250k-€217k▼ 13.0%€195k▼ 10.4%€187k▼ 4.0%€183k▼ 2.5%

Operating result€2k-€-32k€-22k▲ 30.9%€-8k▲ 65.8%€-5k▲ 41.2%

Net result€2k-€-33k€-23k▲ 30.9%€-8k▲ 65.6%€-5k▲ 40.7%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5k in 2024 against €8k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €787k

76.1%

23.9%

Fixed assets €598k▼ 5.6%

Current assets €188k▼ 7.8%

Equity and liabilities €787k

23.2%

76.8%

Equity €183k▼ 2.5%

Debt €604k▼ 7.2%

The debt ratio falls from 77.7% to 76.8%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€31k▲

2023 · €28k

Cash flow

€31k▲

2023 · €28k

Solvency

23.2%▲

2023 · 22.3%

Current ratio

0.31▼

2023 · 0.34

Quick ratio

0.31▼

2023 · 0.34

Debt / equity

3.31▼

2023 · 3.48

ROE

-2.5%▲

2023 · -4.1%

ROA

-0.6%▲

2023 · -0.9%

Interest coverage

417.53▲

2023 · 409.94

Debt

€604k▼

2023 · €651k

Debt ≤ 1 year

€600k=

2023 · €600k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€838k€787k▼

Fixed assets21/28€634k€598k▼

Tangible fixed assets22/27€634k€598k▼

Land and buildings22€634k€598k▼

Current assets29/58€204k€188k▼

Cash at bank and in hand54/58€199k€183k▼

Deferred charges and accrued income490/1€5k€5k▲

Equity and liabilities

Total equity and liabilities10/49€838k€787k▼

Equity10/15€187k€183k▼

Contributions10/11€1.21M€1.21M=

Capital10€1.21M€1.21M=

Issued capital100€1.21M€1.21M=

Profit (loss) carried forward14€-1.03M€-1.03M▼

Amounts payable17/49€651k€604k▼

Amounts payable within one year42/48€600k€600k=

Trade debts44€5k€5k▲

Suppliers440/4€5k€5k▲

Other amounts payable47/48€594k€594k=

Accrued charges and deferred income492/3€51k€4k▼

Income statement Code20232024

Turnover70€51k€51k=

Goods, raw materials, services and sundry goods60/61€14k€12k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€35k▼

Other operating charges640/8€9k€8k▼

Gross operating margin9900€37k€39k▲

Operating profit (loss)9901€-8k€-5k▲

Financial charges65/66B€69€74▲

Recurring financial charges65€69€74▲

Profit (loss) for the period before taxes9903€-8k€-5k▲

Profit (loss) for the period9904€-8k€-5k▲

Profit (loss) for the period to be appropriated9905€-8k€-5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.03M€-1.03M▼

Profit (loss) brought forward from the previous period14P€-1.02M€-1.03M▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

2025

21-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 21 days late

2024

09-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 9 days late

2023

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

18-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

06-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

01-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

02-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

06-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

06-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

05-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 5 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

23-10-2025 VETSUYPENS CHRISTIANE: Resigned as Managing director

30-06-2021 CALDEVILLA Elena: Resigned as Director

23-03-2016 PRZEDBORSKI Serge eric Luc: Resigned as Director

Location & real-estate footprint

Registered office, Elsene

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.

Louizalaan 5851050 Elsene

Ground area

940 m²

Building footprint

633 m²

Volume, LiDAR

10,738 m³

Parcel 21822R0226/00E012, Brussels · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21822R0226/00E012	Brussels	940 m²	1 · 632 m²	20.2 m · 6 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Structure & network

Connections & network

1 connected company

Network connections

11 KVL

Shared address

→

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded31-01-2007

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.