C.V.ENGINEERING
ActiveSummary
C.V.ENGINEERING has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €399k and a net result of €77k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 77% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-2
Solvency93▼-7
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 61.22 in 2024; short-term debt: 32.1% and cash: 36.1% of total assets), and 32.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.9%
Return on assets
13%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
36 d early
2023
42 d early
2022
40 d early
2021
45 d early
2020
44 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€399k▼ 26.5%
2024 · €543k
2018: €426k
2019: €470k▲ +10.2% vs 2018
2020: €445k▼ -5.2% vs 2019
2021: €507k▲ +13.9% vs 2020
2022: €400k▼ -21.2% vs 2021
2023: €463k▲ +15.8% vs 2022
2024: €543k▲ +17.4% vs 2023highest in 8 years
2025: €399k▼ -26.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€588k▲ 7.3%
2024 · €548k
2018: €969khighest in 8 years
2019: €938k▼ -3.3% vs 2018
2020: €531k▼ -43.4% vs 2019
2021: €533k▲ +0.4% vs 2020
2022: €591k▲ +10.8% vs 2021
2023: €511k▼ -13.5% vs 2022lowest in 8 years
2024: €548k▲ +7.2% vs 2023
2025: €588k▲ +7.3% vs 2024
2018 → 2025
Net result
€77k▼ 4.5%
2024 · €80k
2018: €68k
2019: €44k▼ -35.8% vs 2018
2020: €13k▼ -71.1% vs 2019lowest in 8 years
2021: €62k▲ +391% vs 2020
2022: €103k▲ +66.1% vs 2021highest in 8 years
2023: €93k▼ -9.3% vs 2022
2024: €80k▼ -13.8% vs 2023
2025: €77k▼ -4.5% vs 2024
2018 → 2025
Working capital
€139k▼ 52.5%
2024 · €293k
2018: €105klowest in 8 years
2019: €109k▲ +4.0% vs 2018
2020: €193k▲ +77.6% vs 2019
2021: €254k▲ +31.5% vs 2020
2022: €148k▼ -41.9% vs 2021
2023: €211k▲ +42.8% vs 2022
2024: €293k▲ +38.9% vs 2023highest in 8 years
2025: €139k▼ -52.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€507k-€400k▼ 21.2%€463k▲ 15.8%€543k▲ 17.4%€399k▼ 26.5%
2021: €507k
2022: €400k▼ -21.2% vs 2021
2023: €463k▲ +15.8% vs 2022
2024: €543k▲ +17.4% vs 2023highest in 5 years
2025: €399k▼ -26.5% vs 2024lowest in 5 years
Operating result€49k-€133k▲ 170%€120k▼ 9.9%€71k▼ 40.4%€70k▼ 1.3%
2021: €49klowest in 5 years
2022: €133k▲ +170% vs 2021highest in 5 years
2023: €120k▼ -9.9% vs 2022
2024: €71k▼ -40.4% vs 2023
2025: €70k▼ -1.3% vs 2024
Net result€62k-€103k▲ 66.1%€93k▼ 9.3%€80k▼ 13.8%€77k▼ 4.5%
2021: €62klowest in 5 years
2022: €103k▲ +66.1% vs 2021highest in 5 years
2023: €93k▼ -9.3% vs 2022
2024: €80k▼ -13.8% vs 2023
2025: €77k▼ -4.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €588k
Fixed assets
€260k ▲ 3.8%
Current assets
€328k ▲ 10.3%
Equity and liabilities €588k
Equity
€399k ▼ 26.5%
Debt
€189k ▲ 3,790%
Debt's share of the balance-sheet total rises from 0.9% to 32.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€73k▲
2024 · €73k
Cash flow
€80k▼
2024 · €82k
Current ratio
1.74▼
2024 · 61.22
Debt to equity
0.47▲
2024 · 0.01
ROE
19.2%▲
2024 · 14.8%
ROA
13.0%▼
2024 · 14.7%
Interest coverage
353.82▲
2024 · 328.19
Debt ≤ 1 year
€189k▲
2024 · €5k
Income taxes
€28k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€548k€588k▲
Fixed assets21/28€251k€260k▲
Tangible fixed assets22/27€579€10k▲
Furniture and vehicles24€579€10k▲
Financial fixed assets28€250k€250k=
Current assets29/58€298k€328k▲
Amounts receivable after more than one year29€120k€60k▼
Other amounts receivable291€120k€60k▼
Amounts receivable within one year40/41€11k€47k▲
Trade receivables40€7k€7k=
Other amounts receivable41€4k€39k▲
Cash at bank and in hand54/58€161k€212k▲
Deferred charges and accrued income490/1€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€548k€588k▲
Equity10/15€543k€399k▼
Contributions10/11€10k€10k=
Reserves13€533k€389k▼
Distributable reserves133€533k€389k▼
Amounts payable17/49€5k€189k▲
Amounts payable within one year42/48€5k€189k▲
Trade debts44€705€1k▲
Suppliers440/4€705€1k▲
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€4k€11k▲
Other amounts payable47/48-€177k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€692€713▲
Gross operating margin9900€73k€74k▲
Operating profit (loss)9901€71k€70k▼
Financial income75/76B€33k€34k▲
Recurring financial income75€33k€34k▲
Financial charges65/66B€222€207▼
Recurring financial charges65€222€207▼
Profit (loss) for the period before taxes9903€104k€104k▲
Income taxes67/77€24k€28k▲
Profit (loss) for the period9904€80k€77k▼
Profit (loss) for the period to be appropriated9905€80k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€77k▼
Transfer from equity791/2-€221k
Transfer to equity691/2€80k€77k▼
To other reserves6921€80k€77k▼
Profit to be distributed694/7-€221k
Return on contributions (dividend)694-€221k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9 | €1k | €1k | €2k | €3k | ▲ 78.9% |
| Other operating charges640/8 | - | €1k | €157 | €692 | €713 | ▲ 3.0% |
| Gross operating margin9900 | €50k | €135k | €121k | €73k | €74k | ▲ 0.5% |
| Operating profit (loss)9901 | €49k | €133k | €120k | €71k | €70k | ▼ 1.3% |
| Financial income75/76B | - | €16k | €16k | €33k | €34k | ▲ 2.9% |
| Recurring financial income75 | €26k | €16k | €16k | €33k | €34k | ▲ 2.9% |
| Financial charges65/66B | - | €409 | €2k | €222 | €207 | ▼ 6.8% |
| Recurring financial charges65 | €1k | €409 | €2k | €222 | €207 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €74k | €149k | €134k | €104k | €104k | ▲ 0.1% |
| Income taxes67/77 | €12k | €46k | €41k | €24k | €28k | ▲ 15.4% |
| Profit (loss) for the period9904 | €62k | €103k | €93k | €80k | €77k | ▼ 4.5% |
| Profit (loss) for the period to be appropriated9905 | €62k | €103k | €93k | €80k | €77k | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €533k | €591k | €511k | €548k | €588k | ▲ 7.3% |
| Fixed assets21/28 | €253k | €252k | €252k | €251k | €260k | ▲ 3.8% |
| Tangible fixed assets22/27 | €3k | €2k | €2k | €579 | €10k | ▲ 1,645% |
| Furniture and vehicles24 | - | €2k | €2k | €579 | €10k | ▲ 1,645% |
| Financial fixed assets28 | €250k | €250k | €250k | €250k | €250k | = |
| Current assets29/58 | €280k | €339k | €259k | €298k | €328k | ▲ 10.3% |
| Amounts receivable after more than one year29 | - | €52k | - | €120k | €60k | ▼ 50.0% |
| Other amounts receivable291 | - | €52k | - | €120k | €60k | ▼ 50.0% |
| Amounts receivable within one year40/41 | €38k | €15k | €43k | €11k | €47k | ▲ 317% |
| Trade receivables40 | - | - | €13k | €7k | €7k | = |
| Other amounts receivable41 | - | €15k | €30k | €4k | €39k | ▲ 902% |
| Current investments50/53 | - | €100k | - | - | - | - |
| Cash at bank and in hand54/58 | €203k | €166k | €210k | €161k | €212k | ▲ 32.0% |
| Deferred charges and accrued income490/1 | - | €6k | €6k | €6k | €10k | ▲ 63.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €533k | €591k | €511k | €548k | €588k | ▲ 7.3% |
| Equity10/15 | €507k | €400k | €463k | €543k | €399k | ▼ 26.5% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | €497k | €390k | €453k | €533k | €389k | ▼ 27.0% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €388k | €453k | €533k | €389k | ▼ 27.0% |
| Amounts payable17/49 | €26k | €191k | €48k | €5k | €189k | ▲ 3,790% |
| Amounts payable within one year42/48 | €26k | €191k | €48k | €5k | €189k | ▲ 3,790% |
| Trade debts44 | €6k | €4k | €3k | €705 | €1k | ▲ 51.1% |
| Suppliers440/4 | - | €4k | €3k | €705 | €1k | ▲ 51.1% |
| Taxes, remuneration and social security45 | - | €22k | €16k | €4k | €11k | ▲ 159% |
| Taxes450/3 | - | €19k | €13k | €4k | €11k | ▲ 159% |
| Remuneration and social security454/9 | - | €3k | €3k | - | - | - |
| Other amounts payable47/48 | - | €166k | €30k | - | €177k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €103k | €93k | €80k | €77k | ▼ 4.5% |
| + Depreciation and write-downs630 | €9 | €1k | €1k | €2k | €3k | ▲ 78.9% |
| Operating cash flow (approximation) | €62k | €104k | €95k | €82k | €80k | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €-12k | - |
| Change in cash | - | €-37k | €45k | €-50k | €51k | ▲ 203% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 11current ratio 61.22
Current ratio from 5.35 to 61.22; short-term debt falls from €48k to €5k.
30-09
Financial
Equity above €500kEq €543k ▲17.4%
7 profitable years in a row build equity to €543k.
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 5.35
Current ratio from 1.77 to 5.35; short-term debt falls from €191k to €48k.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €103k ▲66.1%
Operating result €133k, net result €103k, both a record.
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity triplescurrent ratio 10.69
Current ratio from 3.25 to 10.69; short-term debt falls from €86k to €26k.
30-09
Financial
Equity above €500kEq €507k ▲13.9%
4 profitable years in a row build equity to €507k.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
30-09
Financial
Weakest financial yearnet €13k ▼71.1%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, As · 1 establishment unit since 2008
Ground area
1,950 m²
Building footprint
194 m²
Volume, LiDAR
1,070 m³
Parcel 71002A0191/00E000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
C.V.E.
since 20082.172.139.608
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71002A0191/00E000 | Flanders | 1,950 m² | 1 · 193 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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DE KOMPANIE INVEST
BE 0689.654.063
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JEDAN
BE 0463.954.067
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HERMES SPOOR
BE 0770.880.873
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 5,040 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2008
Fiscal year end30-09
Abbreviation NL
C.V.E.
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.