CVRW
InactiveCVRW was declared bankrupt on 30-05-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 27-03-2025, published in the Belgian State Gazette on 02-04-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-09-2023, 32 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
not confirmed
2024
not filed
2023
not filed
2022
32 d late
2021
59 d late
2020
37 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€95k▼ 32.4%
2021 · €141k
2018: €89k
2019: €163k
2020: €196k
2021: €141k
2018 → 2022
Total assets
€261k▼ 31.2%
2021 · €379k
2018: €247k
2019: €307k
2020: €299k
2021: €379k
2018 → 2022
Net result
€-46k▲ 18.0%
2021 · €-56k
2018: €39k
2019: €74k
2020: €33k
2021: €-56k
2018 → 2022
Working capital
€-33k▼ 76.1%
2021 · €-19k
2018: €59k
2019: €123k
2020: €136k
2021: €-19k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€89k-€163k▲ 83.3%€196k▲ 20.4%€141k▼ 28.3%€95k▼ 32.4%
Operating result€51k-€105k▲ 105%€37k▼ 64.5%€-54k€-44k▲ 18.8%
Net result€39k-€74k▲ 90.2%€33k▼ 55.0%€-56k€-46k▲ 18.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44k in 2022 against €54k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €261k
Fixed assets
€169k▼ 23.7%
Current assets
€92k▼ 41.7%
Equity and liabilities €261k
Equity
€95k▼ 32.4%
Debt
€166k▼ 30.5%
The debt ratio rises from 62.9% to 63.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▲
2021 · €-8k
Cash flow
€11k▲
2021 · €-10k
Solvency
36.5%▼
2021 · 37.1%
Current ratio
0.74▼
2021 · 0.89
Quick ratio
0.74▼
2021 · 0.89
Debt / equity
1.74▲
2021 · 1.69
ROE
-47.9%▼
2021 · -39.5%
ROA
-17.5%▼
2021 · -14.7%
Interest coverage
6.33▲
2021 · -3.93
Debt
€166k▼
2021 · €238k
Debt ≤ 1 year
€125k▼
2021 · €177k
Debt > 1 year
€41k▼
2021 · €62k
Staff costs
€360k▲
2021 · €191k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€379k€261k▼
Fixed assets21/28€221k€169k▼
Intangible fixed assets21€29k€24k▼
Tangible fixed assets22/27€192k€144k▼
Land and buildings22-€4k
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€97k€70k▼
Leasing and similar rights25€81k€60k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28€852€825▼
Current assets29/58€158k€92k▼
Amounts receivable within one year40/41€150k€84k▼
Trade receivables40€138k€84k▼
Other amounts receivable41€11k€0▼
Cash at bank and in hand54/58€8k€4k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€379k€261k▼
Equity10/15€141k€95k▼
Contributions10/11€50k€50k=
Reserves13€146k€104k▼
Distributable reserves133€146k€104k▼
Profit (loss) carried forward14€-56k€-59k▼
Amounts payable17/49€238k€166k▼
Amounts payable after more than one year17€62k€41k▼
Financial debts170/4€62k€41k▼
Amounts payable within one year42/48€177k€125k▼
Current portion of amounts payable after more than one year42€22k€21k▼
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€106k€64k▼
Suppliers440/4€106k€64k▼
Bills of exchange payable441-€0
Advances received on contracts in progress46€50€0▼
Taxes, remuneration and social security45€20k€9k▼
Taxes450/3€2k€9k▲
Remuneration and social security454/9€18k€0▼
Other amounts payable47/48€29k€5k▼
Income statement
Code20212022
Remuneration, social security and pensions62€191k€360k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€57k▲
Other operating charges640/8€611€9k▲
Gross operating margin9900€184k€382k▲
Operating profit (loss)9901€-54k€-44k▲
Financial income75/76B€11-
Recurring financial income75€11-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-56k€-46k▲
Profit (loss) for the period9904€-56k€-46k▲
Profit (loss) for the period to be appropriated9905€-56k€-46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-101k▼
Profit (loss) brought forward from the previous period14P-€-56k
Transfer from equity791/2-€42k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · CVRW BV ELSLEUKENSTRAAT 53/A, 3201 LANGDORP · event 27-03-2025
2024
05-06
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · CVRW BV ELSLEUKEN- STRAAT 53/A, 3201 LANGDORP · event 30-05-2024
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial
Weakest financial yearnet €-56k ▼267%
Net result drops to €-56k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €74k ▲90.2%
Operating result €105k, net result €74k, both a record.
31-12
Financial
Equity above €150kEq €163k ▲83.3%
2 profitable years in a row build equity to €163k.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN STATIONSSTRAAT 108 A,
3400 LANDEN |
30-05-2024 → present |
| Curator | WINNY
TIRMARCHE STATIONSSTRAAT 108, 3400 LANDEN- |
30-05-2024 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,722 EUR awarded · 4,722 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,875 EUR | 1,875 EUR |
| 2022 | 1 | 2,847 EUR | 2,847 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)