CVR

Active

Public limited companyfounded 198936 yrs activeLochtemanweg 52, 3580 Beringen, BelgiumKBO/BCE: BE 0438.423.370

CVR has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €307k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 2025 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

73 / 100

Healthy▲ +61 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability50▲+47

Solvency29▲+7

Growth48▲+21

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €80k at 30 days acceptable

Liquidity tight (current ratio 1.21 against 1.1 in 2024), and 79.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

20.2%

Return on assets

5.7%

Age of the figures

14 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2025 sector peers (2025).

NBB · sector comparison

Position among 2025 sector peers

Solvency

better than 20%

← weakest strongest →

A punctual record breaks

This company filed 6 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

9 d late

2024

25 d early

2023

47 d early

2022

53 d early

2021

6 d early

2020

76 d early

2019

51 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close12-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€17.92M▲ 14.8%

2024 · €15.61M

2019: €19.32M 2021: €15.26M 2022: €14.55M 2023: €15.67M 2024: €15.61M

2019 → 2025

EBIT margin

2.3%▲ 4.6pp

2024 · -2.3%

2019: 1.8% 2021: -2.3% 2022: 1.9% 2023: -1.2% 2024: -2.3%

2019 → 2025

Net result

€307k

2024 · €-459k

2019: €162k 2021: €-411k 2022: €223k 2023: €-267k 2024: €-459k

2019 → 2025

Working capital

€857k▲ 59.5%

2024 · €538k

2019: €1.50M 2021: €989k 2022: €1.02M 2023: €862k 2024: €538k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€15.26M-€14.55M▼ 4.6%€15.67M▲ 7.7%€15.61M▼ 0.4%€17.92M▲ 14.8%

Equity€1.28M-€1.50M▲ 17.5%€1.23M▼ 17.8%€776k▼ 37.2%€1.08M▲ 39.6%

Operating result€-345k-€281k€-185k€-359k▼ 94.3%€409k

Net result€-411k-€223k€-267k€-459k▼ 71.5%€307k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €409k after a loss of €359k in 2024, the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €5.37M

92.1%

Fixed assets €425k▼ 23.9%

Current assets €4.94M▼ 12.9%

Equity and liabilities €5.37M

20.2%

79.8%

Equity €1.08M▲ 39.6%

Debt €4.28M▼ 21.5%

The debt ratio falls from 87.5% to 79.8%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€616k▲

2024 · €-174k

Cash flow

€515k▲

2024 · €-274k

Solvency

20.2%▲

2024 · 12.5%

Current ratio

1.21▲

2024 · 1.10

Quick ratio

0.86▲

2024 · 0.81

Debt / equity

3.95▼

2024 · 7.03

ROE

28.4%▲

2024 · -59.1%

ROA

5.7%▲

2024 · -7.4%

Interest coverage

12.24▲

2024 · -2.95

Debt

€4.28M▼

2024 · €5.45M

Debt ≤ 1 year

€4.08M▼

2024 · €5.13M

Debt > 1 year

€190k▼

2024 · €230k

Income taxes

€3k▼

2024 · €3k

Staff costs

€2.59M▲

2024 · €2.54M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€6.23M€5.37M▼

Fixed assets21/28€559k€425k▼

Intangible fixed assets21€233k€104k▼

Tangible fixed assets22/27€326k€322k▼

Land and buildings22€274k€231k▼

Plant, machinery and equipment23€18k€8k▼

Furniture and vehicles24€8k€22k▲

Assets under construction and advance payments27€26k€60k▲

Current assets29/58€5.67M€4.94M▼

Stocks and contracts in progress3€1.49M€1.44M▼

Stocks30/36€1.16M€1.08M▼

Raw materials and consumables30/31€1.16M€1.08M▼

Contracts in progress37€332k€354k▲

Amounts receivable within one year40/41€3.67M€3.04M▼

Trade receivables40€3.38M€2.73M▼

Other amounts receivable41€281k€304k▲

Cash at bank and in hand54/58€227k€182k▼

Deferred charges and accrued income490/1€288k€283k▼

Equity and liabilities

Total equity and liabilities10/49€6.23M€5.37M▼

Equity10/15€776k€1.08M▲

Contributions10/11€1.13M€1.13M=

Capital10€1.13M€1.13M=

Issued capital100€1.13M€1.13M=

Reserves13€69k€69k=

Non-distributable reserves130/1€69k€69k=

Legal reserve130€69k€69k=

Profit (loss) carried forward14€-418k€-111k▲

Amounts payable17/49€5.45M€4.28M▼

Amounts payable after more than one year17€230k€190k▼

Financial debts170/4€230k€190k▼

Credit institutions173€230k€190k▼

Amounts payable within one year42/48€5.13M€4.08M▼

Current portion of amounts payable after more than one year42€59k€40k▼

Financial debts43€928k€490k▼

Credit institutions430/8€928k€490k▼

Trade debts44€3.77M€3.21M▼

Suppliers440/4€3.77M€3.21M▼

Advances received on contracts in progress46€27k-

Taxes, remuneration and social security45€350k€348k▼

Taxes450/3€26k€25k▼

Remuneration and social security454/9€324k€323k▼

Accrued charges and deferred income492/3€90k€9k▼

Income statement Code20242025

Operating income70/76A€16.02M€18.10M▲

Turnover70€15.61M€17.92M▲

Change in stocks of work in progress, finished goods and contracts in progress71€152k€21k▼

Own construction capitalised72€66k-

Other operating income74€190k€167k▼

Non-recurring operating income76A€4k-

Operating charges60/66A€16.38M€17.70M▲

Goods for resale, raw materials and consumables60€10.98M€12.01M▲

Purchases600/8€10.80M€11.94M▲

Change in stocks: decrease (increase)609€185k€74k▼

Services and other goods61€2.65M€2.86M▲

Remuneration, social security and pensions62€2.54M€2.59M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€185k€207k▲

Other operating charges640/8€25k€23k▼

Non-recurring operating charges66A€4k-

Operating profit (loss)9901€-359k€409k▲

Financial income75/76B€6k€5k▼

Recurring financial income75€6k€5k▼

Other financial income752/9€6k€5k▼

Financial charges65/66B€104k€104k▲

Recurring financial charges65€104k€104k▲

Debt charges650€59k€50k▼

Other financial charges652/9€45k€54k▲

Profit (loss) for the period before taxes9903€-456k€310k▲

Income taxes67/77€3k€3k▼

Taxes670/3€3k€3k▼

Profit (loss) for the period9904€-459k€307k▲

Profit (loss) for the period to be appropriated9905€-459k€307k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-459k€-111k▲

Profit (loss) brought forward from the previous period14P-€-418k

Transfer from equity791/2€41k-

From reserves792€41k-

Social balance

Average headcount (FTE)908739.838.6▼

The notes to these accounts (70 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 4Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

20-03

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative4 facts ▸

General meeting, 12/12/2025
Auditor appointment, VGD Bedrijfsrevisoren (commissaris)
Permanent representative, Magdalena Xenos
Mandate term, 3 jaar

09-02

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 9 days late

2025

30-06

Financial Back to profitnet €307k

Net result €307k after 2 loss-making years.

30-06

Financial Equity above €1MEq €1.08M ▲39.6%

Equity rises from €776k to €1.08M.

06-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

30-06

Financial Weakest financial yearnet €-459k

Net result drops to €-459k, the lowest in the series; recovery starts the following year.

2023

15-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2022

09-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema

30-06

Financial Back to profitnet €223k

Net result €223k after one loss-making year.

25-01

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2020

16-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2019

11-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2018

09-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 9 days late

2017

27-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

18-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2021

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

28-01-2021 SMET Nicolas: Resigned as Director

28-01-2021 SMET Nicolas: Resigned as Managing director

28-01-2021 Tom Smet: Resigned as Director

28-01-2021 Tom Smet: Resigned as Managing director

04-02-2014 BVBA Tonic: Resigned as Managing director

04-02-2014 Martine Helsen: Resigned as Director

Location & real-estate footprint

Registered office, Beringen · 1 establishment unit since 2000

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Lochtemanweg 523580 Beringen