CV4
ActiveSummary
CV4 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.48M and a net result of €124k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 34% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+9
Solvency47=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 0.62 in 2024; short-term debt: 11.1% and cash: 1.7% of total assets), but 78.4% of the assets are financed with debt.
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Signals
Five 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
21.6%
Return on assets
1.1%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
17 d early
2023
15 d early
2022
6 d early
2021
38 d early
2020
57 d early
2019
57 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€124k▲ 273%
2024 · €33k
Working capital
€2.04M
2024 · €-1.03M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€275k▲ 146%€72k▼ 73.7%€214k▲ 197%€250k▲ 16.6%€385k▲ 53.9%
Net result€140k▲ 1,315%€-71k€38k€33k▼ 13.4%€124k▲ 273%
Equity€2.36M▲ 6.3%€2.28M▼ 3.0%€2.32M▲ 1.7%€2.36M▲ 1.4%€2.48M▲ 5.3%
Total assets€8.44M▲ 1.5%€9.76M▲ 15.6%€10.71M▲ 9.7%€10.56M▼ 1.4%€11.47M▲ 8.6%
Debt€6.09M=€7.48M▲ 22.9%€8.39M▲ 12.1%€8.20M▼ 2.2%€8.99M▲ 9.5%
Working capital€311k€-690k€-968k▼ 40.3%€-1.03M▼ 6.2%€2.04M
Staff (FTE)00
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.47M
Fixed assets
€8.15M ▼ 8.3%
Current assets
€3.31M ▲ 98.0%
Equity and liabilities €11.47M
Equity
€2.48M ▲ 5.3%
Debt
€8.99M ▲ 9.5%
Debt's share of the balance-sheet total rises from 77.7% to 78.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€633k▲
2024 · €447k
Cash flow
€373k▲
2024 · €230k
Current ratio
2.60▲
2024 · 0.62
Quick ratio
0.21▲
2024 · 0.05
Debt to equity
3.62▲
2024 · 3.48
ROE
5.0%▲
2024 · 1.4%
ROA
1.1%▲
2024 · 0.3%
Interest coverage
2.98▲
2024 · 2.07
Debt ≤ 1 year
€1.28M▼
2024 · €2.70M
Debt > 1 year
€7.62M▲
2024 · €5.38M
Income taxes
€49k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79k | €217k | €198k | €197k | €249k | ▲ 26.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-15k | €0 | - | - | - | - |
| Other operating charges640/8 | €15k | €22k | €26k | €34k | €58k | ▲ 68.3% |
| Non-recurring operating charges66A | - | €3k | €0 | - | - | - |
| Gross operating margin9900 | €354k | €314k | €438k | €481k | €691k | ▲ 43.8% |
| Operating profit (loss)9901 | €275k | €72k | €214k | €250k | €385k | ▲ 53.9% |
| Financial income75/76B | €13k | €5k | €4 | €0 | €2k | ▲ 355,652% |
| Recurring financial income75 | €13k | €5k | €4 | €0 | €2k | ▲ 355,652% |
| Financial charges65/66B | €101k | €148k | €176k | €215k | €213k | ▼ 1.2% |
| Recurring financial charges65 | €101k | €148k | €176k | €215k | €213k | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €187k | €-71k | €38k | €34k | €173k | ▲ 403% |
| Income taxes67/77 | €47k | €0 | - | €1k | €49k | ▲ 4,181% |
| Profit (loss) for the period9904 | €140k | €-71k | €38k | €33k | €124k | ▲ 273% |
| Profit (loss) for the period to be appropriated9905 | €140k | €-71k | €38k | €33k | €124k | ▲ 273% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.44M | €9.76M | €10.71M | €10.56M | €11.47M | ▲ 8.6% |
| Fixed assets21/28 | €4.37M | €7.94M | €9.05M | €8.89M | €8.15M | ▼ 8.3% |
| Tangible fixed assets22/27 | €4.37M | €7.94M | €9.05M | €8.89M | €8.15M | ▼ 8.3% |
| Land and buildings22 | €3.74M | €7.94M | €9.05M | €8.89M | €8.15M | ▼ 8.3% |
| Assets under construction and advance payments27 | €629k | €0 | - | - | - | - |
| Financial fixed assets28 | €3k | €0 | - | - | - | - |
| Current assets29/58 | €4.07M | €1.83M | €1.66M | €1.67M | €3.31M | ▲ 98.0% |
| Stocks and contracts in progress3 | €3.94M | €1.76M | €1.59M | €1.55M | €3.05M | ▲ 97.0% |
| Stocks30/36 | €3.94M | €1.76M | €1.59M | €1.55M | €3.05M | ▲ 97.0% |
| Amounts receivable within one year40/41 | €122 | €21k | €3k | €15k | €59k | ▲ 298% |
| Trade receivables40 | €122 | €0 | €1k | €0 | €62 | - |
| Other amounts receivable41 | - | €21k | €1k | €15k | €59k | ▲ 298% |
| Cash at bank and in hand54/58 | €124k | €39k | €21k | €100k | €197k | ▲ 96.1% |
| Deferred charges and accrued income490/1 | €8k | €9k | €48k | €12k | €11k | ▼ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.44M | €9.76M | €10.71M | €10.56M | €11.47M | ▲ 8.6% |
| Equity10/15 | €2.36M | €2.28M | €2.32M | €2.36M | €2.48M | ▲ 5.3% |
| Contributions10/11 | €1.59M | €1.59M | €1.59M | €1.59M | €1.59M | = |
| Capital10 | €1.59M | €1.59M | €1.59M | €1.59M | €1.59M | = |
| Issued capital100 | €1.60M | €1.60M | €1.60M | €1.60M | €1.60M | = |
| Uncalled capital101 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €53k | €53k | €53k | €54k | €61k | ▲ 11.4% |
| Non-distributable reserves130/1 | €53k | €53k | €53k | €54k | €61k | ▲ 11.4% |
| Legal reserve130 | €53k | €53k | €53k | €54k | €61k | ▲ 11.4% |
| Profit (loss) carried forward14 | €709k | €638k | €676k | €707k | €825k | ▲ 16.7% |
| Amounts payable17/49 | €6.09M | €7.48M | €8.39M | €8.20M | €8.99M | ▲ 9.5% |
| Amounts payable after more than one year17 | €2.24M | €4.88M | €5.68M | €5.38M | €7.62M | ▲ 41.6% |
| Financial debts170/4 | €2.24M | €4.88M | €5.68M | €5.38M | €4.71M | ▼ 12.3% |
| Other amounts payable178/9 | - | - | - | - | €2.90M | - |
| Amounts payable within one year42/48 | €3.76M | €2.52M | €2.63M | €2.70M | €1.28M | ▼ 52.8% |
| Current portion of amounts payable after more than one year42 | €75k | €236k | €295k | €303k | €292k | ▼ 3.6% |
| Financial debts43 | €2.54M | €1.16M | €0 | - | €970k | - |
| Credit institutions430/8 | €2.54M | €1.16M | €0 | - | €970k | - |
| Trade debts44 | €18k | €5k | €5k | €30k | €11k | ▼ 64.1% |
| Suppliers440/4 | €18k | €5k | €5k | €30k | €11k | ▼ 64.1% |
| Taxes, remuneration and social security45 | €15k | €2k | €0 | €3k | €3k | ▼ 8.0% |
| Taxes450/3 | €15k | €2k | €0 | €3k | €3k | ▼ 8.0% |
| Other amounts payable47/48 | €1.12M | €1.12M | €2.33M | €2.37M | €100 | ▼ 100.0% |
| Accrued charges and deferred income492/3 | €91k | €85k | €80k | €126k | €95k | ▼ 24.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €140k | €-71k | €38k | €33k | €124k | ▲ 273% |
| + Depreciation and write-downs630 | €79k | €217k | €198k | €197k | €249k | ▲ 26.6% |
| Operating cash flow (approximation) | €219k | €146k | €237k | €230k | €373k | ▲ 62.2% |
| Investment in fixed assets (approximation) | - | €-3.78M | €-1.31M | €-32k | €486k | ▲ 1,618% |
| Change in cash | - | €-85k | €-18k | €80k | €96k | ▲ 20.8% |
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
26-08
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Bank account · Share issue8 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Bank account · Share issue8 facts ▸
- General meeting, 03-08-2026
- Capital increase, €1.200.000
- Bank account, 31-07-2026
- Share issue, Elk van de bestaande honderd (100) aandelen ... wordt omgezet in drie (3) nieuwe aandelen, stock split
- Capital, €2.800.000
- Statutes amendment
- Power of attorney, Bestuursorgaan
- Shareholding, 3, 300
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 2.60
Current ratio from 0.62 to 2.60; short-term debt falls from €2.70M to €1.28M.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-71k
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €200k ▲684%
Operating result €389k, net result €200k, both a record.
Show earlier events
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2011
Ground area
598 m²
Parcel 44011B0824/00E000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CV4
since 20112.199.442.930
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011B0824/00E000 | Flanders | 598 m² | - | - |
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.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Capital over the years
- 26-08-2026 Capital increase of 1,200,000 EUR · to 2,800,000 EUR · in cash
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 4,033 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.