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CVR

Active
Public limited companyfounded 1989active for 37 yearsLochtemanweg 52, 3580 Beringen, BelgiumKBO/BCE: BE 0438.423.370
Summary

CVR has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €307,143. Equity has been shrinking by about 9.5% per year since 2019. Its solvency ranks better than 21% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

Source: KBO
Status
Active since 28-09-1989 Normal situation
Activity
Site preparation NACE 43120and 1 other
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-06-2025
Establishment unit
2.045.174.922 3580 Beringen, since 18-12-2000
Financial year end
30 June
Peppol
Reachable since 12-11-2025

Board and ownership

Board
  • NORMANDirector · since 27-02-2023 · permanent representative SMET Tom
  • PYXISDirector · since 27-02-2023 · permanent representative SMET Nicolas
  • TONICDirector · since 27-02-2023 · permanent representative SMET Luc
Auditor
VGD Bedrijfsrevisoren
Shareholders
  • CHIAVEROTTI· score 8330-06-2025 annual accounts of CHIAVEROTTI

Financial position

68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts to 30-06-2025
Turnover
€17.9m
▲ 14.8%
Profit
€307,143
Equity
€1.1m
▲ 39.6%
Total assets
€5.4m
▼ 13.9%
Employees on 30-06-2025
40
▼ 7.0%
  • 2025 accounts filed 9 days after the deadline
Score breakdownraises riskLiquidity: current ratio 1.21, cash €182,165Equity €1.1m (20.2% of total assets)Sector: Specialised construction activities (NACE 43)Size: turnover €17.9m, 38.6 FTE, total assets €5.4mShow the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 35% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 45+8
equity 20.2% of total assets
Liquidity 13+4
short-term debt 76.1% · cash 3.4%
Profitability 62+50
return on assets 5.7%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 12-2024: 1.4% 01-2025: 1.7%▲ +0.3 percentage points vs 12-2024 02-2025: 1.8%▲ +0.1 percentage points vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 1.8%● unchanged vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.9%▲ +0.1 percentage points vs 11-2025 01-2026: 2.0%▲ +0.1 percentage points vs 12-2025 02-2026: 2.7%▲ +0.7 percentage points vs 01-2026highest value 03-2026: 0.7%▼ -2.0 percentage points vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026lowest value 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (1.1 in 2024), below the usual 1.5. Short-term debt is 76.1% and cash 3.4% of total assets. 79.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 22% of them on solvency, 6% on liquidity, 31% on profitability and 83% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.21, cash €182,165
NBB · annual accounts
raises risk · Equity €1.1m (20.2% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Size: turnover €17.9m, 38.6 FTE, total assets €5.4m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2445 sector peers (2025).
NBB · sector comparison
Position among 2445 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · 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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
9 days late
2024
25 days early
2023
47 days early
2022
53 days early
2021
6 days early
2020
76 days early
2019
51 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 6 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end03-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €458,758 in 2024 €307,143 View
  • Positive: 8th largest employer in Beringen, Construction sectorin the Checked rankings No. 8 View

Recent changes

  1. · Gazette deed Reappointment: VGD Bedrijfsrevisoren (statutory auditor)Permanent representatives: Magdalena Xenos, Tom Smet and Nicolas Smet
  2. · Gazette deed Permanent representatives: Philip De Meyer, Magdalena Xenos and Tom Smet
  3. · Gazette deed Reappointment: BV VGD Bedrijfsrevisoren (statutory auditor)Permanent representatives: Philip De Meyer, Nicolas Smet and Tom Smet
All 19 events

Comparable companies

These companies have the same main activity as CVR: site preparation (NACE 43120). They are comparable in size and age: total assets between €7.4m and €12m, founded between 1979 and 2000.

CompanyTotal assetsTurnover
CVR Beringen€5.4m€17.9m
ALGEMENE ONDERNEMINGEN HERMANS en Co Lanaken€8.0m€12.2m
BATIR RENOVER GERER Virton€8.1m€11.0m
YVAGA Hamme (Vl.)€9.0m€10.9m
ROEBBEN Tongeren-Borgloon€11.1m€15.3m
DE COSTER DOMINIQUE Houthalen-Helchteren€12.2m€20.3m
GRONDWERKEN DE MOL Lochristi€7.4m€14.6m
Full comparison

Key facts about CVR

What is the company number of CVR?
The company number of CVR is 0438.423.370. The VAT number is the same number with BE in front: BE 0438.423.370.
Where is CVR based?
The registered office is at Lochtemanweg 52, 3580 Beringen.Company details
What does CVR do?
According to the KBO register, the main activity is site preparation (NACE 43120).
What is the legal form of CVR?
The legal form of CVR is Public limited company (NV).
When was CVR founded?
CVR was founded on 28-09-1989.
Is CVR still active?
Yes, CVR is an active enterprise in the KBO register.
How many employees does CVR have?
CVR had an average of 38.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does CVR fall under?
In its 30-06-2025 annual accounts, CVR states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of CVR?
The turnover of CVR was €17.9m in financial year 2025, according to the filed annual accounts.
Is CVR profitable?
In financial year 2025, CVR made a profit of €307,143.
Where can I find the annual accounts of CVR?
CVR filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CVR due?
CVR must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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