CVH
ActiveSummary
CVH has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €423,728 and a net result of €26,539. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 2213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+14
Solvency43▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.83 in 2024; short-term debt: 55.3% and cash: 0.5% of total assets), and 81.6% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
18.4%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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
4 d late
2024
29 d late
2023
2 d early
2022
30 d late
2021
4 d late
2020
5 d early
2019
42 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 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 company by total assets in Soignies, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26,539▼ 35.6%
2024 · €41,196
Working capital
-€308,034▼ 41.5%
2024 · -€217,716
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Operating result€232,453▲ 202%€96,273▼ 58.6%€62,386▼ 35.2%€112,296▲ 80.0%€77,124▼ 31.3%
Net result€176,508above the sector's middle half▲ 241%€50,308within the sector's middle half▼ 71.5%€27,270within the sector's middle half▼ 45.8%€41,196within the sector's middle half▲ 51.1%€26,539within the sector's middle half▼ 35.6%
Equity€355,273above the sector's middle half▲ 98.7%€405,580within the sector's middle half▲ 14.2%€432,851within the sector's middle half▲ 6.7%€474,046within the sector's middle half▲ 9.5%€423,728within the sector's middle half▼ 10.6%
Total assets€2.1mabove the sector's middle half▲ 145%€2.1mwithin the sector's middle half▲ 3.1%€3.1mwithin the sector's middle half▲ 42.4%€2.4mwithin the sector's middle half▼ 22.0%€2.3mabove the sector's middle half▼ 3.4%
Debt€1.7m▲ 157%€1.7m▲ 0.8%€2.6m▲ 50.8%€1.9m▼ 27.3%€1.9m▼ 1.6%
Working capital-€384,332-€282,134▲ 26.6%€16,729-€217,716-€308,034▼ 41.5%
Solvency17.1%within the sector's middle half▼ 3.9pp18.9%within the sector's middle half▲ 1.8pp14.2%below the sector's middle half▼ 4.7pp19.9%within the sector's middle half▲ 5.7pp18.4%within the sector's middle half▼ 1.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result -71% on 2021. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.3m ▼ 0.5%
Current assets
€962,395 ▼ 7.1%
Equity and liabilities €2.3m
Equity
€423,728 ▼ 10.6%
Debt
€1.9m ▼ 1.6%
Debt's share of the balance-sheet total rises from 80.1% to 81.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€174,213▼
2024 · €197,122
Cash flow
€123,628▼
2024 · €126,022
Current ratio
0.76▼
2024 · 0.83
Quick ratio
0.60▼
2024 · 0.67
Debt to equity
4.42▲
2024 · 4.02
ROE
6.3%▼
2024 · 8.7%
ROA
1.2%▼
2024 · 1.7%
Interest coverage
5.75▲
2024 · 3.99
Debt ≤ 1 year
€1.3m▲
2024 · €1.3m
Debt > 1 year
€603,982▼
2024 · €640,626
Income taxes
€25,858▲
2024 · €23,228
Staff costs
€1.7m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,098 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 4,098 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €930,988 | €1.1m | €1.1m | €1.2m | €1.7m | ▲ 38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,833 | €93,589 | €90,072 | €84,827 | €97,089 | ▲ 14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €600 | - |
| Other operating charges640/8 | €32,564 | €29,330 | €16,409 | €18,815 | €16,207 | ▼ 13.9% |
| Non-recurring operating charges66A | €213 | - | - | - | - | - |
| Gross operating margin9900 | €1.3m | €1.3m | €1.3m | €1.4m | €1.9m | ▲ 31.3% |
| Operating profit (loss)9901 | €232,453 | €96,273 | €62,386 | €112,296 | €77,124 | ▼ 31.3% |
| Financial income75/76B | €20,473 | €7,865 | €3,438 | €2,442 | €5,570 | ▲ 128% |
| Recurring financial income75 | €20,473 | €7,865 | €3,438 | €2,442 | €5,570 | ▲ 128% |
| Financial charges65/66B | €27,497 | €28,831 | €24,768 | €50,314 | €30,297 | ▼ 39.8% |
| Recurring financial charges65 | €27,497 | €28,831 | €24,768 | €49,443 | €30,297 | ▼ 38.7% |
| Non-recurring financial charges66B | - | - | - | €872 | - | - |
| Profit (loss) for the period before taxes9903 | €225,429 | €75,307 | €41,055 | €64,424 | €52,397 | ▼ 18.7% |
| Income taxes67/77 | €48,921 | €24,999 | €13,785 | €23,228 | €25,858 | ▲ 11.3% |
| Profit (loss) for the period9904 | €176,508 | €50,308 | €27,270 | €41,196 | €26,539 | ▼ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €176,508 | €50,308 | €27,270 | €41,196 | €26,539 | ▼ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €3.1m | €2.4m | €2.3m | ▼ 3.4% |
| Fixed assets21/28 | €1.4m | €1.5m | €1.5m | €1.3m | €1.3m | ▼ 0.5% |
| Tangible fixed assets22/27 | €1.4m | €1.5m | €1.5m | €1.3m | €1.3m | ▼ 0.4% |
| Land and buildings22 | €301,770 | €301,770 | €301,770 | €189,270 | €189,270 | = |
| Plant, machinery and equipment23 | €1.1m | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 2.2% |
| Furniture and vehicles24 | €26,076 | €97,884 | €69,875 | €67,205 | €39,897 | ▼ 40.6% |
| Financial fixed assets28 | - | €1,915 | €19,699 | €48,629 | €46,590 | ▼ 4.2% |
| Current assets29/58 | €662,313 | €649,979 | €1.6m | €1.0m | €962,395 | ▼ 7.1% |
| Amounts receivable after more than one year29 | €59,621 | €46,121 | €41,121 | €8,121 | - | - |
| Other amounts receivable291 | €59,621 | €46,121 | €41,121 | €8,121 | - | - |
| Stocks and contracts in progress3 | - | €150,000 | €752,353 | €200,000 | €200,000 | = |
| Stocks30/36 | - | €150,000 | €752,353 | €200,000 | €200,000 | = |
| Amounts receivable within one year40/41 | €475,902 | €442,391 | €610,727 | €598,614 | €719,486 | ▲ 20.2% |
| Trade receivables40 | €450,594 | €392,604 | €530,501 | €563,374 | €642,433 | ▲ 14.0% |
| Other amounts receivable41 | €25,308 | €49,787 | €80,227 | €35,240 | €77,053 | ▲ 119% |
| Cash at bank and in hand54/58 | €119,588 | €109 | €150,849 | €201,840 | €12,061 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | €7,201 | €11,358 | €20,597 | €27,215 | €30,847 | ▲ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €3.1m | €2.4m | €2.3m | ▼ 3.4% |
| Equity10/15 | €355,273 | €405,580 | €432,851 | €474,046 | €423,728 | ▼ 10.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €327,337 | €377,645 | €404,915 | €446,111 | €395,793 | ▼ 11.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €325,477 | €375,785 | €403,055 | €444,251 | €393,933 | ▼ 11.3% |
| Profit (loss) carried forward14 | €9,335 | €9,335 | €9,335 | €9,335 | €9,335 | = |
| Amounts payable17/49 | €1.7m | €1.7m | €2.6m | €1.9m | €1.9m | ▼ 1.6% |
| Amounts payable after more than one year17 | €676,734 | €804,454 | €1.1m | €640,626 | €603,982 | ▼ 5.7% |
| Financial debts170/4 | €676,734 | €804,454 | €1.1m | €640,626 | €603,982 | ▼ 5.7% |
| Amounts payable within one year42/48 | €1.0m | €932,113 | €1.6m | €1.3m | €1.3m | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | €232,176 | €150,000 | €450,000 | €101,906 | €203,544 | ▲ 99.7% |
| Financial debts43 | - | €39,077 | - | - | €75,000 | - |
| Credit institutions430/8 | - | €39,077 | - | - | €75,000 | - |
| Trade debts44 | €635,276 | €627,459 | €937,012 | €1.1m | €919,632 | ▼ 13.2% |
| Suppliers440/4 | €583,430 | €627,459 | €937,012 | €1.1m | €919,632 | ▼ 13.2% |
| Bills of exchange payable441 | €51,845 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €95,119 | €89,841 | €61,561 | €92,592 | €66,844 | ▼ 27.8% |
| Taxes450/3 | €40,972 | €63,812 | €30,783 | €52,814 | €30,787 | ▼ 41.7% |
| Remuneration and social security454/9 | €54,147 | €26,029 | €30,778 | €39,778 | €36,057 | ▼ 9.4% |
| Other amounts payable47/48 | €84,073 | €25,735 | €110,346 | - | €5,410 | - |
| Accrued charges and deferred income492/3 | - | - | - | €10,190 | €111 | ▼ 98.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €176,508 | €50,308 | €27,270 | €41,196 | €26,539 | ▼ 35.6% |
| + Depreciation and write-downs630 | €53,833 | €93,589 | €90,072 | €84,827 | €97,089 | ▲ 14.5% |
| Operating cash flow (approximation) | €230,341 | €143,897 | €117,342 | €126,022 | €123,628 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€169,419 | -€73,192 | €47,884 | -€90,367 | ▼ 289% |
| Change in cash | - | -€119,480 | €150,740 | €50,991 | -€189,778 | ▼ 472% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
2025
31-12
Financial
Weakest financial yearnet €26,539 ▼35.6%
Net result drops to €26,539, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Highest result since 2018net €176,508 ▲241%
Operating result €232,453, net result €176,508, both a record.
31-12
Financial
Equity above €200,000Eq €355,273 ▲98.7%
4 profitable years in a row build equity to €355,273.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €178,764 ▲40.8%
3 profitable years in a row build equity to €178,764.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Soignies · 1 establishment unit since 2009
Ground area
4,207 m²
Building footprint
1,732 m²
Parcel 55040A0745/00A000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bureau et atelier
since 20092.190.626.917
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0745/00A000 | Wallonia | 4,207 m² | 1 · 1,732 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.
Recognitions · licences · registrations
Recognised contractor
20 categoriesCVH SRL41696
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 9,869 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
Founded27-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887532380
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.