CVI CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of CVI CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show equity of €210k and a net result of €18k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 27965 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 7.05 against 8.48 in 2024; short-term debt: 10.1% and cash: 34.2% of total assets), and 10.1% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
89.9%
Return on assets
7.9%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-11-2025, 10 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 · 6 filingsDeviation from the deadline
2025
10 d late
2024
20 d late
2023
8 d late
2022
30 d late
2021
131 d late
2020
111 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▲ 9.6%
2024 · €192k
2020: €97klowest in 6 years
2021: €140k▲ +44.6% vs 2020
2022: €176k▲ +26.1% vs 2021
2023: €178k▲ +0.7% vs 2022
2024: €192k▲ +7.9% vs 2023
2025: €210k▲ +9.6% vs 2024highest in 6 years
2020 → 2025
Total assets
€234k▲ 10.4%
2024 · €212k
2020: €113klowest in 6 years
2021: €161k▲ +43.4% vs 2020
2022: €201k▲ +24.7% vs 2021
2023: €204k▲ +1.1% vs 2022
2024: €212k▲ +4.0% vs 2023
2025: €234k▲ +10.4% vs 2024highest in 6 years
2020 → 2025
Net result
€18k▲ 31.0%
2024 · €14k
2020: €84khighest in 6 years
2021: €43k▼ -48.8% vs 2020
2022: €37k▼ -15.3% vs 2021
2023: €1k▼ -96.8% vs 2022lowest in 6 years
2024: €14k▲ +1085% vs 2023
2025: €18k▲ +31.0% vs 2024
2020 → 2025
Working capital
€143k▼ 4.9%
2024 · €151k
2020: €89klowest in 6 years
2021: €136k▲ +52.9% vs 2020
2022: €170k▲ +25.2% vs 2021highest in 6 years
2023: €159k▼ -6.5% vs 2022
2024: €151k▼ -5.4% vs 2023
2025: €143k▼ -4.9% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€140k-€176k▲ 26.1%€178k▲ 0.7%€192k▲ 7.9%€210k▲ 9.6%
2021: €140klowest in 5 years
2022: €176k▲ +26.1% vs 2021
2023: €178k▲ +0.7% vs 2022
2024: €192k▲ +7.9% vs 2023
2025: €210k▲ +9.6% vs 2024highest in 5 years
Operating result€54k-€46k▼ 14.6%€4k▼ 91.7%€21k▲ 445%€24k▲ 13.5%
2021: €54khighest in 5 years
2022: €46k▼ -14.6% vs 2021
2023: €4k▼ -91.7% vs 2022lowest in 5 years
2024: €21k▲ +445% vs 2023
2025: €24k▲ +13.5% vs 2024
Net result€43k-€37k▼ 15.3%€1k▼ 96.8%€14k▲ 1,085%€18k▲ 31.0%
2021: €43khighest in 5 years
2022: €37k▼ -15.3% vs 2021
2023: €1k▼ -96.8% vs 2022lowest in 5 years
2024: €14k▲ +1085% vs 2023
2025: €18k▲ +31.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€67k ▲ 63.1%
Current assets
€167k ▼ 2.3%
Equity and liabilities €234k
Equity
€210k ▲ 9.6%
Debt
€24k ▲ 17.6%
Debt's share of the balance-sheet total rises from 9.5% to 10.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2024 · €23k
Cash flow
€25k▲
2024 · €16k
Current ratio
7.05▼
2024 · 8.48
Debt to equity
0.11▲
2024 · 0.11
ROE
8.8%▲
2024 · 7.3%
ROA
7.9%▲
2024 · 6.6%
Interest coverage
224.39▲
2024 · 18.06
Debt ≤ 1 year
€24k▲
2024 · €20k
Income taxes
€5k▼
2024 · €6k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€212k€234k▲
Fixed assets21/28€41k€67k▲
Tangible fixed assets22/27€41k€66k▲
Furniture and vehicles24€41k€66k▲
Financial fixed assets28€363€363=
Current assets29/58€171k€167k▼
Amounts receivable after more than one year29€75k€75k=
Other amounts receivable291€75k€75k=
Amounts receivable within one year40/41€36k€12k▼
Trade receivables40€22k€7k▼
Other amounts receivable41€14k€5k▼
Cash at bank and in hand54/58€60k€80k▲
Equity and liabilities
Total equity and liabilities10/49€212k€234k▲
Equity10/15€192k€210k▲
Contributions10/11€13k€13k=
Reserves13€80k€80k=
Distributable reserves133€80k€80k=
Profit (loss) carried forward14€99k€118k▲
Amounts payable17/49€20k€24k▲
Amounts payable within one year42/48€20k€24k▲
Trade debts44€7k€9k▲
Suppliers440/4€7k€9k▲
Taxes, remuneration and social security45€14k€8k▼
Taxes450/3€8k€8k▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€0€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€7k▲
Other operating charges640/8€4k€1k▼
Gross operating margin9900€35k€32k▼
Operating profit (loss)9901€21k€24k▲
Financial income75/76B€208€15▼
Recurring financial income75€208€15▼
Financial charges65/66B€1k€138▼
Recurring financial charges65€1k€138▼
Profit (loss) for the period before taxes9903€20k€24k▲
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€14k€18k▲
Profit (loss) for the period to be appropriated9905€14k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€99k€118k▲
Profit (loss) brought forward from the previous period14P€85k€99k▲
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €18k | €7k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | - | €2k | €7k | ▲ 213% |
| Other operating charges640/8 | - | €536 | €744 | €4k | €1k | ▼ 69.0% |
| Gross operating margin9900 | €60k | €50k | €23k | €35k | €32k | ▼ 7.0% |
| Operating profit (loss)9901 | €54k | €46k | €4k | €21k | €24k | ▲ 13.5% |
| Financial income75/76B | - | €51 | €241 | €208 | €15 | ▼ 92.8% |
| Recurring financial income75 | €8 | €51 | €241 | €208 | €15 | ▼ 92.8% |
| Financial charges65/66B | - | €100 | €3k | €1k | €138 | ▼ 89.3% |
| Recurring financial charges65 | €122 | €100 | €3k | €1k | €138 | ▼ 89.3% |
| Profit (loss) for the period before taxes9903 | €54k | €46k | €1k | €20k | €24k | ▲ 19.0% |
| Income taxes67/77 | €11k | €10k | - | €6k | €5k | ▼ 9.2% |
| Profit (loss) for the period9904 | €43k | €37k | €1k | €14k | €18k | ▲ 31.0% |
| Profit (loss) for the period to be appropriated9905 | €43k | €37k | €1k | €14k | €18k | ▲ 31.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161k | €201k | €204k | €212k | €234k | ▲ 10.4% |
| Fixed assets21/28 | €4k | €6k | €18k | €41k | €67k | ▲ 63.1% |
| Tangible fixed assets22/27 | €4k | €6k | €18k | €41k | €66k | ▲ 63.7% |
| Furniture and vehicles24 | - | €6k | €18k | €41k | €66k | ▲ 63.7% |
| Financial fixed assets28 | - | €101 | €363 | €363 | €363 | = |
| Current assets29/58 | €158k | €195k | €185k | €171k | €167k | ▼ 2.3% |
| Amounts receivable after more than one year29 | - | €50k | €50k | €75k | €75k | = |
| Other amounts receivable291 | - | €50k | €50k | €75k | €75k | = |
| Amounts receivable within one year40/41 | €25k | €65k | €53k | €36k | €12k | ▼ 65.7% |
| Trade receivables40 | - | €38k | €19k | €22k | €7k | ▼ 67.3% |
| Other amounts receivable41 | - | €27k | €34k | €14k | €5k | ▼ 63.2% |
| Cash at bank and in hand54/58 | €132k | €81k | €82k | €60k | €80k | ▲ 32.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161k | €201k | €204k | €212k | €234k | ▲ 10.4% |
| Equity10/15 | €140k | €176k | €178k | €192k | €210k | ▲ 9.6% |
| Contributions10/11 | - | €13k | €13k | €13k | €13k | = |
| Revaluation surpluses12 | - | €0 | - | - | - | - |
| Reserves13 | €80k | €80k | €80k | €80k | €80k | = |
| Distributable reserves133 | - | €80k | €80k | €80k | €80k | = |
| Profit (loss) carried forward14 | €47k | €84k | €85k | €99k | €118k | ▲ 18.6% |
| Amounts payable17/49 | €22k | €25k | €26k | €20k | €24k | ▲ 17.6% |
| Amounts payable within one year42/48 | €22k | €25k | €26k | €20k | €24k | ▲ 17.6% |
| Trade debts44 | €12k | €3k | €9k | €7k | €9k | ▲ 32.6% |
| Suppliers440/4 | - | €3k | €9k | €7k | €9k | ▲ 32.6% |
| Taxes, remuneration and social security45 | - | €22k | €17k | €14k | €8k | ▼ 40.5% |
| Taxes450/3 | - | €14k | €6k | €8k | €8k | ▼ 0.7% |
| Remuneration and social security454/9 | - | €8k | €10k | €5k | - | - |
| Other amounts payable47/48 | - | - | - | €0 | €7k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €37k | €1k | €14k | €18k | ▲ 31.0% |
| + Depreciation and write-downs630 | €4k | €3k | - | €2k | €7k | ▲ 213% |
| Operating cash flow (approximation) | €47k | €40k | €1k | €16k | €25k | ▲ 56.0% |
| Investment in fixed assets (approximation) | - | €-6k | €-12k | €-25k | €-33k | ▼ 31.5% |
| Change in cash | - | €-52k | €2k | €-22k | €20k | ▲ 188% |
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
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
31-03
Financial
Equity above €200kEq €210k ▲9.6%
6 profitable years in a row build equity to €210k.
2024
20-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
31-03
Financial
Weakest financial yearnet €1k ▼96.8%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
31-03
Financial
Equity above €150kEq €176k ▲26.1%
3 profitable years in a row build equity to €176k.
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 131 days late
2021
31-03
Financial
Equity above €100kEq €140k ▲44.6%
2 profitable years in a row build equity to €140k.
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
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, Overijse · 1 establishment unit since 2018
Ground area
2,117 m²
Building footprint
105 m²
Volume, LiDAR
606 m³
Parcel 23543O0009/00C012, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CVI Construct
since 20182.281.180.969
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23543O0009/00C012 | Flanders | 2,117 m² | 1 · 105 m² | 8.7 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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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,786 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
Founded15-10-2018
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.