C.V.S. GROUP
ActiveSummary
C.V.S. GROUP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€223,430) and a net result of €26,732. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+8
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.25 in 2024; short-term debt: 188.6% and cash: 17% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-88.6%
Return on assets
10.6%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 14254 sector peers (2025).
NBB · sector comparisonPosition among 14254 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 filingsDeviation from the deadline
2025
30 d late
2024
60 d late
2023
31 d late
2022
31 d late
2021
4 d late
2020
11 d late
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€2,170▼ 75.7%
2023 · €8,940
EBIT margin
-674.2%▼ 510.4pp
2023 · -163.8%
Net result
€26,732
2024 · -€14,758
Working capital
-€335,197▲ 11.5%
2024 · -€378,857
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€8,940€2,170▼ 75.7%
Operating result-€14,957▼ 30.9%-€13,916▲ 7.0%-€14,646▼ 5.2%-€14,630▲ 0.1%€26,762
Net result-€14,980below the sector's middle half▼ 30.8%-€13,940below the sector's middle half▲ 6.9%-€15,709below the sector's middle half▼ 12.7%-€14,758below the sector's middle half▲ 6.0%€26,732within the sector's middle half
EBIT margin-163.8%-674.2%▼ 510.4pp
Equity-€205,755below the sector's middle half▼ 7.9%-€219,695below the sector's middle half▼ 6.8%-€235,404below the sector's middle half▼ 7.2%-€250,162below the sector's middle half▼ 6.3%-€223,430below the sector's middle half▲ 10.7%
Total assets€306,788within the sector's middle half▼ 3.3%€295,721within the sector's middle half▼ 3.6%€274,895within the sector's middle half▼ 7.0%€252,949within the sector's middle half▼ 8.0%€252,222within the sector's middle half▼ 0.3%
Debt€512,543▲ 0.9%€515,416▲ 0.6%€510,299▼ 1.0%€503,111▼ 1.4%€475,652▼ 5.5%
Working capital€122,269above the sector's middle half▲ 1.4%€125,025above the sector's middle half▲ 2.3%-€381,027below the sector's middle half-€378,857below the sector's middle half▲ 0.6%-€335,197below the sector's middle half▲ 11.5%
Solvency-67.1%below the sector's middle half▼ 6.9pp-74.3%below the sector's middle half▼ 7.2pp-85.6%below the sector's middle half▼ 11.3pp-98.9%below the sector's middle half▼ 13.3pp-88.6%below the sector's middle half▲ 10.3pp
Current ratio19.99above the sector's middle half▼ 42.4714.43above the sector's middle half▼ 5.560.25below the sector's middle half▼ 14.180.25below the sector's middle half▼ 0.010.30below the sector's middle half▲ 0.05
Return on assets (ROA)-4.9%below the sector's middle half▼ 1.3pp-4.7%below the sector's middle half▲ 0.2pp-5.7%below the sector's middle half▼ 1.0pp-5.8%below the sector's middle half▼ 0.1pp10.6%above the sector's middle half▲ 16.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26,762 after a loss of €14,630 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €251,756
Fixed assets
€111,301 ▼ 13.0%
Current assets
€140,455 ▲ 13.0%
Key figures and ratios
EBITDA
€43,690▲
2024 · €2,298
Cash flow
€43,660▲
2024 · €2,170
Debt to equity
-2.13▼
2024 · -2.01
Interest coverage
1456.34▲
2024 · 17.97
Debt ≤ 1 year
€475,652▼
2024 · €503,111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €8,940 | €2,170 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €2,616 | €15,619 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,695 | €16,695 | €16,928 | €16,928 | €16,928 | = |
| Other operating charges640/8 | €2,989 | €3,053 | €4,042 | €3,833 | €3,914 | ▲ 2.1% |
| Gross operating margin9900 | €4,727 | €5,833 | €6,324 | €6,131 | €47,604 | ▲ 677% |
| Operating profit (loss)9901 | -€14,957 | -€13,916 | -€14,646 | -€14,630 | €26,762 | ▲ 283% |
| Financial charges65/66B | €23 | €24 | €1,063 | €128 | €30 | ▼ 76.5% |
| Recurring financial charges65 | €23 | €24 | €1,063 | €128 | €30 | ▼ 76.5% |
| Profit (loss) for the period before taxes9903 | -€14,980 | -€13,940 | -€15,709 | -€14,758 | €26,732 | ▲ 281% |
| Profit (loss) for the period9904 | -€14,980 | -€13,940 | -€15,709 | -€14,758 | €26,732 | ▲ 281% |
| Profit (loss) for the period to be appropriated9905 | -€14,980 | -€13,940 | -€15,709 | -€14,758 | €26,732 | ▲ 281% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €306,788 | €295,721 | €274,895 | €252,949 | €252,222 | ▼ 0.3% |
| Formation expenses20 | - | - | €932 | €699 | €466 | ▼ 33.3% |
| Fixed assets21/28 | €178,082 | €161,387 | €144,691 | €127,996 | €111,301 | ▼ 13.0% |
| Tangible fixed assets22/27 | €178,082 | €161,387 | €144,691 | €127,996 | €111,301 | ▼ 13.0% |
| Land and buildings22 | €178,082 | €161,387 | €144,691 | €127,996 | €111,301 | ▼ 13.0% |
| Current assets29/58 | €128,707 | €134,334 | €129,272 | €124,254 | €140,455 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €128,199 | €133,506 | €86,108 | €97,870 | €97,655 | ▼ 0.2% |
| Trade receivables40 | €79,710 | €84,930 | - | €215 | - | - |
| Other amounts receivable41 | €48,489 | €48,576 | €86,108 | €97,655 | €97,655 | = |
| Cash at bank and in hand54/58 | €73 | €378 | €42,885 | €26,384 | €42,801 | ▲ 62.2% |
| Deferred charges and accrued income490/1 | €435 | €450 | €279 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €306,788 | €295,721 | €274,895 | €252,949 | €252,222 | ▼ 0.3% |
| Equity10/15 | -€205,755 | -€219,695 | -€235,404 | -€250,162 | -€223,430 | ▲ 10.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€224,355 | -€238,295 | -€254,004 | -€268,762 | -€242,030 | ▲ 9.9% |
| Amounts payable17/49 | €512,543 | €515,416 | €510,299 | €503,111 | €475,652 | ▼ 5.5% |
| Amounts payable after more than one year17 | €506,106 | €506,106 | - | - | - | - |
| Financial debts170/4 | €506,106 | €506,106 | - | - | - | - |
| Amounts payable within one year42/48 | €6,437 | €9,310 | €510,299 | €503,111 | €475,652 | ▼ 5.5% |
| Financial debts43 | - | - | €506,106 | €497,158 | €469,176 | ▼ 5.6% |
| Other loans439 | - | - | €506,106 | €497,158 | €469,176 | ▼ 5.6% |
| Trade debts44 | €4,212 | €7,085 | €1,772 | €152 | €1,836 | ▲ 1,107% |
| Suppliers440/4 | €4,212 | €7,085 | €1,772 | €152 | €1,836 | ▲ 1,107% |
| Taxes, remuneration and social security45 | - | - | €195 | €3,575 | €2,415 | ▼ 32.5% |
| Taxes450/3 | - | - | €195 | €3,575 | €2,415 | ▼ 32.5% |
| Other amounts payable47/48 | €2,225 | €2,225 | €2,225 | €2,225 | €2,225 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,980 | -€13,940 | -€15,709 | -€14,758 | €26,732 | ▲ 281% |
| + Depreciation and write-downs630 | €16,695 | €16,695 | €16,928 | €16,928 | €16,928 | = |
| Operating cash flow (approximation) | €1,715 | €2,755 | €1,219 | €2,170 | €43,660 | ▲ 1,912% |
| Investment in fixed assets (approximation) | - | €0 | -€233 | -€233 | -€233 | = |
| Change in cash | - | €305 | €42,507 | -€16,502 | €16,417 | ▲ 199% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €26,732
Net result €26,732 after 7 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€15,709
Net result drops to -€15,709, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zemst
Ground area
3,866 m²
Building footprint
253 m²
Volume, LiDAR
1,442 m³
Parcel 23096C0713/00E000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23096C0713/00E000 | Flanders | 3,866 m² | 1 · 253 m² | 12.0 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
52100Warehousing and storage
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806563809
Also
9925:BE0806563809
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.