CVTech
ActiveSummary
CVTech has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €163,555 and a net result of -€5,525. Equity has been growing by about 9.1% per year since 2018. Its solvency ranks better than 64% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-07-2009 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2021
- Establishment unit
- 2.179.607.915 9310 Aalst, since 06-07-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 30-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €65,548
- ▲ 83.8%
- Turnover
- ≈ €250,000
- estimated
- Loss
- €5,525
- ▼ 71.9%
- Equity
- €163,555
- ▼ 20.2%
- Total assets
- €277,123
- ▼ 11.5%
- Staff
- 1.8 FTE
- ▲ 50.0%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskFounded in 2009Liquidity: current ratio 1.45, cash €37,355Equity €163,555 (59.0% of total assets)Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 42% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
84-7
equity 59.0% of total assets
Liquidity
56-13
short-term debt 27.1% · cash 13.5%
Profitability
66+30
return on assets -2.0%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026highest value
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.45 (2.17 in 2024), below the usual 1.5. Short-term debt is 27.1% and cash 13.5% of total assets. 41% 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, micro). It does better than 64% of them on solvency, 53% on liquidity, 32% on profitability and 18% on growth.
The bankruptcy probability was computed on 01-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5,525
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-04-2026, 120 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
120 days early
2024
6 days early
2023
2 days early
2022
28 days late
2021
2 days early
2020
2 days early
2019
5 days late
← 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 14 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-04-2026 PDF all 16 filings
Turnover
≈ €250,000
Estimated: probably between €200,000 and €350,000
Total assets
€277,123▼ 11.5%
2024 · €312,982
Net result
-€5,525▲ 71.9%
2024 · -€19,659
Working capital
€33,619▼ 45.0%
2024 · €61,080
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €3,979, smaller than the loss of €17,302 in 2024.
Operating result-€3,979
2025
Net result-€5,525
2025
Total assets€277,123
2025
Equity€163,555
2025
Debt€113,567
2025
Working capital€33,619
2025
Return on assets (ROA)-2.0%
2025
Solvency59.0%
2025
Current ratio1.45
2025
Staff (FTE)1.8
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€19,524-€33,347▲ 70.8%€30,721▼ 7.9%€20,300▼ 33.9%€25,871▲ 27.4%€62,716▲ 142%-€17,302-€3,979▲ 77.0%
Net result€15,268-€23,880▲ 56.4%€22,285within the sector's middle half▼ 6.7%€13,942within the sector's middle half▼ 37.4%€18,159within the sector's middle half▲ 30.2%€43,591above the sector's middle half▲ 140%-€19,659below the sector's middle half-€5,525below the sector's middle half▲ 71.9%
Equity€110,831-€133,087▲ 20.1%€153,772above the sector's middle half▲ 15.5%€166,114above the sector's middle half▲ 8.0%€182,673above the sector's middle half▲ 10.0%€224,664above the sector's middle half▲ 23.0%€205,005above the sector's middle half▼ 8.8%€163,555above the sector's middle half▼ 20.2%
Total assets€174,539-€211,375▲ 21.1%€274,876within the sector's middle half▲ 30.0%€272,633within the sector's middle half▼ 0.8%€310,589above the sector's middle half▲ 13.9%€381,275above the sector's middle half▲ 22.8%€312,982above the sector's middle half▼ 17.9%€277,123within the sector's middle half▼ 11.5%
Debt€63,708-€78,288▲ 22.9%€121,104▲ 54.7%€106,519▼ 12.0%€127,915▲ 20.1%€156,611▲ 22.4%€107,977▼ 31.1%€113,567▲ 5.2%
Working capital€85,041-€107,561▲ 26.5%€113,587above the sector's middle half▲ 5.6%€91,010above the sector's middle half▼ 19.9%€106,195above the sector's middle half▲ 16.7%€116,342above the sector's middle half▲ 9.6%€61,080within the sector's middle half▼ 47.5%€33,619within the sector's middle half▼ 45.0%
Solvency63.5%-63.0%▼ 0.5pp55.9%within the sector's middle half▼ 7.0pp60.9%within the sector's middle half▲ 5.0pp58.8%within the sector's middle half▼ 2.1pp58.9%within the sector's middle half▲ 0.1pp65.5%within the sector's middle half▲ 6.6pp59.0%within the sector's middle half▼ 6.5pp
Current ratio3.33-2.74▼ 0.593.22above the sector's middle half▲ 0.472.77within the sector's middle half▼ 0.452.33within the sector's middle half▼ 0.452.39within the sector's middle half▲ 0.062.17within the sector's middle half▼ 0.221.45within the sector's middle half▼ 0.73
Return on assets (ROA)8.7%-11.3%▲ 2.5pp8.1%within the sector's middle half▼ 3.2pp5.1%within the sector's middle half▼ 3.0pp5.8%within the sector's middle half▲ 0.7pp11.4%within the sector's middle half▲ 5.6pp-6.3%below the sector's middle half▼ 17.7pp-2.0%below the sector's middle half▲ 4.3pp
Staff (FTE)0.6-1▲ 66.7%1.3within the sector's middle half▲ 30.0%0.7▼ 46.2%0.4▼ 42.9%1.6▲ 300%1.2▼ 25.0%1.8▲ 50.0%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277,123
Fixed assets
€168,428 ▼ 15.7%
Current assets
€108,695 ▼ 3.9%
Equity and liabilities €277,123
Equity
€163,555 ▼ 20.2%
Debt
€113,567 ▲ 5.2%
Debt's share of the balance-sheet total rises from 34.5% to 41.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30,422▲
2024 · €10,928
Cash flow
€28,876▲
2024 · €8,571
Quick ratio
1.15▼
2024 · 2.01
Debt to equity
0.69▲
2024 · 0.53
ROE
-3.4%▲
2024 · -9.6%
Interest coverage
17.90▲
2024 · 3.03
Debt ≤ 1 year
€75,076▲
2024 · €52,047
Debt > 1 year
€38,414▼
2024 · €55,826
Income taxes
€171▼
2024 · €182
Staff costs
€33,106▲
2024 · €23,225
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | 2 | - |
| full-time | - | 1 | 1 | 0 | - |
| part-time | - | 0 | 0 | 2 | - |
| in full-time equivalents | - | 1 | 1 | 0.8 | - |
| Average over the year, in full-time equivalents | 0.5 | 0.4 | 1.6 | 1.2 | 0.9 |
| On a permanent contract | - | 1 | 1 | - | - |
| Joined | 0 | 2 | 2 | 2 | 0 |
| Left | 1 | 1 | 2 | 1 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €41,646 | €24,233 | €87,814 | €46,870 | €2,974 |
| Financial fixed assets | - | €0 | - | - | - |
| Depreciation and write-downs of the year | €20,805 | €20,098 | €21,387 | €28,230 | €34,401 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 5 entries · €2,484 awarded · €2,639 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €555 | €555 |
| 2024 | 2 | €1,187 | €1,156 |
| 2023 | 2 | €742 | €928 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | €1,277 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €27,222 | €2,453 | €16,240 | €23,225 | €33,106 | ▲ 42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,239 | €23,353 | €15,593 | €20,805 | €20,098 | €21,387 | €28,230 | €34,401 | ▲ 21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €745 | - |
| Other operating charges640/8 | - | - | - | €1,452 | €1,802 | €1,516 | €1,514 | €1,275 | ▼ 15.8% |
| Gross operating margin9900 | €84,773 | €104,832 | €100,000 | €69,779 | €50,223 | €101,860 | €35,667 | €65,548 | ▲ 83.8% |
| Operating profit (loss)9901 | €19,524 | €33,347 | €30,721 | €20,300 | €25,871 | €62,716 | -€17,302 | -€3,979 | ▲ 77.0% |
| Financial income75/76B | - | - | - | €1,452 | €1,799 | €1,974 | €1,436 | €325 | ▼ 77.4% |
| Recurring financial income75 | €991 | €1,428 | €1,671 | €1,452 | €1,799 | €1,974 | €1,436 | €325 | ▼ 77.4% |
| Financial charges65/66B | - | - | - | €2,148 | €2,150 | €4,562 | €3,610 | €1,700 | ▼ 52.9% |
| Recurring financial charges65 | €1,369 | €1,057 | €1,695 | €2,148 | €2,150 | €4,562 | €3,610 | €1,700 | ▼ 52.9% |
| Profit (loss) for the period before taxes9903 | €19,146 | €33,718 | €30,697 | €19,604 | €25,520 | €60,128 | -€19,477 | -€5,354 | ▲ 72.5% |
| Income taxes67/77 | €3,878 | €9,838 | €8,412 | €5,662 | €7,361 | €16,537 | €182 | €171 | ▼ 6.3% |
| Profit (loss) for the period9904 | €15,268 | €23,880 | €22,285 | €13,942 | €18,159 | €43,591 | -€19,659 | -€5,525 | ▲ 71.9% |
| Profit (loss) for the period to be appropriated9905 | €15,268 | €23,880 | €22,285 | €13,942 | €18,159 | €43,591 | -€19,659 | -€5,525 | ▲ 71.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €174,539 | €211,375 | €274,876 | €272,633 | €310,589 | €381,275 | €312,982 | €277,123 | ▼ 11.5% |
| Fixed assets21/28 | €53,027 | €42,129 | €110,082 | €130,273 | €124,274 | €181,215 | €199,855 | €168,428 | ▼ 15.7% |
| Tangible fixed assets22/27 | €51,497 | €36,749 | €104,702 | €125,543 | €122,179 | €181,105 | €199,745 | €168,318 | ▼ 15.7% |
| Land and buildings22 | - | - | - | €72,798 | €68,552 | €64,306 | €60,060 | €55,877 | ▼ 7.0% |
| Plant, machinery and equipment23 | - | - | - | €8,788 | €7,805 | €9,548 | €6,039 | €6,020 | ▼ 0.3% |
| Furniture and vehicles24 | - | - | - | €9,820 | €2,457 | €61,257 | €84,791 | €61,298 | ▼ 27.7% |
| Other tangible fixed assets26 | - | - | - | €34,136 | €35,864 | €45,995 | €48,855 | €45,123 | ▼ 7.6% |
| Assets under construction and advance payments27 | - | - | - | - | €7,500 | €0 | - | - | - |
| Financial fixed assets28 | €1,530 | €5,380 | €5,380 | €4,730 | €2,095 | €110 | €110 | €110 | = |
| Current assets29/58 | €121,512 | €169,246 | €164,794 | €142,360 | €186,315 | €200,059 | €113,127 | €108,695 | ▼ 3.9% |
| Stocks and contracts in progress3 | €20,943 | €9,335 | - | €8,150 | €19,143 | €20,240 | €8,752 | €22,197 | ▲ 154% |
| Stocks30/36 | - | - | - | €8,150 | €19,143 | €20,240 | €8,752 | €17,092 | ▲ 95.3% |
| Contracts in progress37 | - | - | - | - | - | - | - | €5,105 | - |
| Amounts receivable within one year40/41 | €49,222 | €70,872 | €68,398 | €61,986 | €66,596 | €53,633 | €28,679 | €47,575 | ▲ 65.9% |
| Trade receivables40 | - | - | - | €39,782 | €59,042 | €48,533 | €8,988 | €35,928 | ▲ 300% |
| Other amounts receivable41 | - | - | - | €22,204 | €7,554 | €5,099 | €19,692 | €11,647 | ▼ 40.9% |
| Current investments50/53 | - | - | €80,636 | €30,636 | €30,636 | €40,810 | €11,116 | - | - |
| Cash at bank and in hand54/58 | €50,446 | €87,948 | €7,975 | €35,490 | €65,233 | €80,724 | €58,529 | €37,355 | ▼ 36.2% |
| Deferred charges and accrued income490/1 | - | - | - | €6,098 | €4,707 | €4,653 | €6,050 | €1,568 | ▼ 74.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €174,539 | €211,375 | €274,876 | €272,633 | €310,589 | €381,275 | €312,982 | €277,123 | ▼ 11.5% |
| Equity10/15 | €110,831 | €133,087 | €153,772 | €166,114 | €182,673 | €224,664 | €205,005 | €163,555 | ▼ 20.2% |
| Contributions10/11 | €18,750 | €18,750 | - | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €92,081 | €114,337 | €135,022 | €147,364 | €163,923 | €205,914 | €186,255 | €144,805 | ▼ 22.3% |
| Non-distributable reserves130/1 | - | - | - | €1,875 | €1,875 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,875 | €1,875 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €249 | €249 | €249 | €249 | €249 | = |
| Distributable reserves133 | - | - | - | €145,240 | €161,799 | €205,665 | €186,006 | €144,557 | ▼ 22.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €63,708 | €78,288 | €121,104 | €106,519 | €127,915 | €156,611 | €107,977 | €113,567 | ▲ 5.2% |
| Amounts payable after more than one year17 | €27,237 | €16,603 | €69,897 | €55,169 | €47,700 | €72,759 | €55,826 | €38,414 | ▼ 31.2% |
| Financial debts170/4 | - | - | - | €55,169 | €47,700 | €72,759 | €55,826 | €38,414 | ▼ 31.2% |
| Amounts payable within one year42/48 | €36,471 | €61,684 | €51,207 | €51,350 | €80,120 | €83,717 | €52,047 | €75,076 | ▲ 44.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,728 | €7,469 | €17,252 | €17,746 | €18,256 | ▲ 2.9% |
| Trade debts44 | €8,178 | €18,745 | €11,839 | €166 | €27,901 | €14,688 | €14,148 | €17,758 | ▲ 25.5% |
| Suppliers440/4 | - | - | - | €166 | €27,901 | €14,688 | €14,148 | €17,758 | ▲ 25.5% |
| Taxes, remuneration and social security45 | - | - | - | €8,018 | €9,186 | €12,845 | €18,052 | €4,934 | ▼ 72.7% |
| Taxes450/3 | - | - | - | €8,018 | €8,348 | €12,054 | €13,720 | €1,796 | ▼ 86.9% |
| Remuneration and social security454/9 | - | - | - | - | €838 | €791 | €4,332 | €3,138 | ▼ 27.6% |
| Other amounts payable47/48 | - | - | - | €28,437 | €35,565 | €38,932 | €2,101 | €34,128 | ▲ 16× |
| Accrued charges and deferred income492/3 | - | - | - | - | €95 | €134 | €104 | €77 | ▼ 25.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,268 | €23,880 | €22,285 | €13,942 | €18,159 | €43,591 | -€19,659 | -€5,525 | ▲ 71.9% |
| + Depreciation and write-downs630 | €28,239 | €23,353 | €15,593 | €20,805 | €20,098 | €21,387 | €28,230 | €34,401 | ▲ 21.9% |
| Operating cash flow (approximation) | €43,507 | €47,233 | €37,878 | €34,747 | €38,257 | €64,978 | €8,571 | €28,876 | ▲ 237% |
| Investment in fixed assets (approximation) | - | -€12,456 | -€83,546 | -€40,996 | -€14,098 | -€78,329 | -€46,870 | -€2,974 | ▲ 93.7% |
| Change in cash | - | €37,502 | -€79,973 | €27,515 | €29,743 | €15,491 | -€22,194 | -€21,175 | ▲ 4.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as CVTech has now. Two years later, 1.1% had gone bankrupt and 90.9% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
90.9%
was still going
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CVTech itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for CVTech. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-04-2026 | 2026-00071426 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00306199 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00295169 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00410423 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20268999 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-43100313 | |
| 31-12-2019 | micro format | 05-08-2020 | 2020-39300496 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-42600549 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-28500405 | |
| 31-12-2016 | micro format | 20-07-2017 | 2017-34300196 |
Board & ownership
Directors
Directors
1 director, last change in 2023
SCHEERLINCK Dirk
Current
Statutory director · appointed in the act of 06-11-2023 · earlier statutory manager, until 06-11-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 02-04-2026
Owners and capital
Capital transactions
Capital over time
- 06-11-2023 Converted to unavailable equity
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SCHEERLINCK Dirk |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, overdrachten en overgangen hebben slechts uitwerking ten aanzien van vennootschap en derden vanaf inschrijving in register der…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Recht algemene vergadering een of meerdere vereffenaars aan te duiden, bevoegdheden te omlijnen en vergoeding te bepalen, indien geen andere…”
Articles of association, deed of 06-11-2023 (in Dutch)
Network & group
CVTech shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of CVTech. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
02-04
micro format · 120 days before the deadline
2025
25-07
micro format · 6 days before the deadline
2024
31-12
Financial
Weakest financial yearnet -€19,659
The net result drops to -€19,659, the lowest from 2018 to 2025. It recovers the following year.
29-07
micro format · 2 days before the deadline
2023
31-12
Financial
Highest result from 2018 to 2025net €43,591 ▲140%
The operating result of €62,716 and the net result of €43,591 are both a record.
31-12
Financial
Equity above €200,000equity €224,664 ▲23%
With a profit in every financial year since 2018, equity grows to €224,664.
06-11
Gazette deed
Change of role: SCHEERLINCK Dirk, from statutory manager to statutory directorPurpose change · Capital conversion · Director discharge14 points ▸
Gazette deed
Change of role: SCHEERLINCK Dirk, from statutory manager to statutory director
Purpose change · Capital conversion · Director discharge14 points ▸
- General meeting, 27-09-2023
- Other provision, 27-09-2023
- Purpose change
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, DERDE BESLUIT” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, SCHEERLINCK Dirk (statutory manager)
- Director appointment, SCHEERLINCK Dirk (statutory director)
- Director discharge, SCHEERLINCK Dirk
- Power of attorney, SCHEERLINCK Dirk
- Amendment of the articles
- Board composition, SCHEERLINCK Dirk (statutory director)
- Registered office clause, “9310 Aalst (Herdersem), Broekstraat 13A, ZEVENDE BESLUIT” (deed in Dutch)
- The act holds 2 more points.
28-08
micro format · 28 days late
2022
29-07
micro format · 2 days before the deadline
2021
29-07
micro format · 2 days before the deadline
2020
31-12
Financial
Equity above €150,000equity €153,772 ▲15.5%
With a profit in every financial year since 2018, equity grows to €153,772.
05-08
micro format · 5 days late
Show earlier events
2019
29-07
micro format · 2 days before the deadline
2018
03-07
micro format · 28 days before the deadline
2017
20-07
micro format · 11 days before the deadline
2009
16-07
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CVTech in Dutch
Enterprise number
0816.809.284
Legal form
Private limited company
Status
Active, normale toestand
Founded
06-07-2009
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 06-11-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, eenvoudige beslissing van het bestuursorgaan”
deed of 06-11-2023 (in Dutch)Registered office and establishments
Registered office
Broekstraat 13, 9310 Aalst, Belgium
Establishment unit
CVTech, Broekstraat 13, 9310 Aalst since 06-07-2009 · unit number 2.179.607.915
Website
www.cvtech.be
E-mail
info@cvtech.be
Activities
NACEBEL 2025VAT activities
43222
Installation of electric heating, air conditioning, cooling and ventilation main activity
Social security (RSZ) activities
43222
Installation of electric heating, air conditioning, cooling and ventilation main activity
Codes under NACEBEL 2008
VAT activities
43222
Specialised construction activities main activity
Social security (RSZ) activities
43222
Specialised construction activities main activity
Joint committee
124 Paritair Comité voor het bouwbedrijf annual accounts 2021
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 06-11-2023 (in Dutch)
“Loodgieterswerk; Overig loodgieterswerk; Het plaatsen van sanitaire inrichtingen,lood,zinkwerk en pvc; Het plaatsen van waterverzachters en…”
91 activities
- Loodgieterswerk.
- Overig loodgieterswerk.
- Het plaatsen van sanitaire inrichtingen,lood,zinkwerk en pvc.
- Het plaatsen van waterverzachters en ontkalkers.
- Het plaatsen,herstellen,onderhouden van allerlei verwarmingsinstallaties en koelinstallaties en dit alles in de breedste zin van het woord.
- Groot-en kleinhandel in loodgietersmateriaal en verwarmingsinstallaties.
- De installatie van particuliere zwembaden.
- Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen.
- Het plaatsen van tussenwanden van gipsplaten;-isolatiewerkzaamheden.
- De installatie van verwarming,klimaatregeling en ventilatie.
- Mazouttankcontrole en gashabilitatie.
- De montage van buiten-en binnenschrijnwerk in metaal.
- De installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enz.,in metaal.
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enz.,in metaal.
- De installatie van stores en zonneschermen.
- Het plaatsen,herstellen,onderhouden van allerlei zonne-energieinstallaties en zonnepanelen en dit alles in de breedste zin van het woord.
- Het plaatsen,herstellen,onderhouden van allerlei warmtepompinstallaties.
- Het uitoefenen van de controle van de verwarmingsaudit.
- Audit maken in verband met verwarmingsinstallaties in het algemeen.
- De installatie van binnendeuren,scheidingswanden enz.in glas.
- Overige installaties(inclusief accessoires).
- Het behandelen van muren met vochtwerende en waterafstotende producten.
- Het schilderen van metalen constructies.
- Het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden.
- Gevelreiniging door middel van zandstralen,met behulp van stoom,enz..
- Overige werkzaamheden in verband met de afwerking van gebouwen.
- Alle bewerkingen te doen welke zowel rechtstreeks als onrechtstreeks betrekking hebben op de aankoop,verkoop,vervoer,invoer,uitvoer,vervaardiging,installatie en verwerking van elektriciteitswerken,zwak–en sterkstroom.
- Het optreden als technicus voor gasvormige brandstoffen.
- Optreden als aardgasinstallateur.
- Optreden als technicus in vloeibare brandstoffen.
- Het uitoefenen van de controle en het onderhoud van stookolietanks.
- Gascontrole Cerga
- Dakwerkzaamheden en dit alles in de ruimste zin van het woord
- Bouw van daken
- Plaatsen van dakbedekking van ongeacht welk materiaal
- De bouw van dakgebinten
- Plaatsen van dakgoten en regenafvoerbuizen
- Waterdichtingswerken van muren
- Waterdicht maken van daken en dakterrassen
- Behandelen van muren met vochtwerende en waterafstotende producten
- Installatie van verwarming,klimaatregeling en ventilatie
- Installatie in gebouwen en andere bouwwerken van:verwarming systemen op elektriciteit,gas of stookolieapparaten,verwarmingsketels,apparaten en leidingen voor ventilatie en klimaatregeling,enz…
- Reparatie en onderhoud van verwarmingsinstallaties
- Onderneming voor de installatie van elektrische verwarmingsinstallaties
- Vervaardigen van schakel-en verdeelinrichtingen
- De vervaardiging van bedienings-en verdeelkasten voor elektrische stroom
- Herwikkelen van elektromotoren en transformatoren
- Reparatie en het onderhoud van elektrische apparatuur van:elektrische motoren en elektrische generatoren en generatoraggregaten,vermogens-,verdelings-en speciale transformatoren,schakel-en verdeelinrichtingen en schakelborden,relais en industriële bedieningspanelen,elektrische elementen en elektrische batterijen,elektrische verlichtingstoestellen,bekabelingsapparatuur voor elektrische installaties,enz..en dit alles in de ruimste zin van het woord
- Onderneming voor de installatie van hulpvoedingssystemen(generatoraggregaten)
- Onderneming voor de installatie van elektrische bedrading en toebehoren
- Aanleg van leidingen voor het vervoer en distributie van elektrische energie
- Onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal
- Elektrotechnische installatiewerken
- Installatie van verlichtings-en signaleringssystemen voor wegen en spoorwegen,in havens en luchthavens(inclusief de installatie van verkeersborden)
- Vervaardiging van lichtreclames,verlichte aanwijzingsborden,enz..en dit alles in de ruimste zin van het woord
- Installatie van lichtreclames en uithangborden,enz..
- Ontwerpen en plaatsen van buitenreclame:reclameborden en–panelen,lichtreclames,lichtkranten en neonreclame,aanbrengen van reclame op bussen,enz..en dit alles in de ruimste zin van het woord
- Uitwerken en realisatie van projecten op gebied van de elektriciteit en elektronica,mijnbouw,chemie,machine-en werktuigbouw,industriële systeemontwikkeling,veiligheid,enz..
- Onderneming voor de installatie van liften en roltrappen
- Algemene coördinatiewerkzaamheden bouwwerf en dit alles in de ruimste zin van het woord
- Toezien op de bouwwerkzaamheden(ruwbouw,installatie,afwerking,enz..)en dit alles in de ruimste zin van het woord
- Optrekken van de ruwbouw van individuele huizen en dit alles in de ruimste zin van het woord
- Algemene bouw van kantoorgebouwen en dit alles in de ruimste zin van het woord
- Het verbouwen of renoveren van bestaande kantoorgebouwen
- Het monteren en optrekken van geprefabriceerde kantoorgebouwen
- Algemene bouw en van andere niet residentiële gebouwen:gebouwen voor industrieel gebruik zoals fabrieken,werkplaatsen,ateliers,assemblagefabrieken,ziekenhuizen,scholen,hotels,winkels,winkelcentra,restaurants,luchthavengebouwen,sportzalen,overdekte en ondergrondse parkings,opslagplaatsen,magazijnen,loodsen,hangars,schuren,silo’s,religieuze gebouwen,het optrekken en monteren van op de werf geprefabriceerde elementen,enz..
- Het verbouwen of renoveren van andere bestaande niet-residentiële gebouwen
- Slopen van gebouwen en andere bouwwerken
- Onderneming voor het uitvoeren van metselwerken
- Onderneming voor het vlechten van ijzer en aanbrengen van bekisting
- Onderneming voor het bouwen van openhaarden,stookplaatsen,sierschouwen,enz..
- Bouwen van sierschouwen en openhaarden
- Onderneming voor het bouwen van schoorstenen en industriële ovens
- Installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof
- Installatie van geblindeerde deuren en brandwerende deuren in metaal
- Montage van serres,veranda’s,enz..in hout,kunststof of metaal
- Installatie van binnendeuren,scheidingswanden enz..van glas
- Aanbrengen van glas,spiegels,enz..
- Reparatie en onderhoud van computers en randapparatuur en dit alles in de ruimste zin van het woord
- Reparatie en onderhoud van rekenmachines en overige kantoormachines
- Reparatie van communicatieapparatuur en dit alles in de ruimste zin van het woord
- Reparatie van consumentenelektronica en dit alles in de ruimste zin van het woord
- Reparatie van audio-en video apparatuur
- Reparatie van elektrische huishoudapparaten
- Reparatie van huishoudapparaten en van werktuigen voor gebruik in huis en tuin en dit alles in de ruimste zin van het woord.
- Het voeren van activiteiten die normaal behoren tot deze van een uitbating van een officina-apotheek toegankelijk voor het publiek,met inbegrip van alle handelingen die daar rechtstreeks of onrechtstreeks mee verband houden of er nauw bij aansluiten en derhalve onder meer,alle magistrale bereidingen van en kleinhandel in geneesmiddelen,allo-of homeopathische producten,verbandstoffen,gezondheidsvoedingswaren,kindervoeding en dieetartikelen,producten en artikels voor persoon verzorging,schoonheidsproducten en de eraan verbonden zorgverstrekking,parfumerieën en cosmetica,drogisterij artikelen en optiek,dit alles in de ruimste zin,voorafgaande opsomming is slechts exemplatief en niet limitatief.Dit zowel in klein als groothandel.
- Het verlenen van advies,lesgeving en prestaties aan apothekers,verenigingen,universiteiten en verwante organisatie of instellingen;
- Nemen van participaties in andere vennootschappen;
- Het verlenen van advies en bijstand op gebied van bedrijfsvoering en beheer;
- Het verstrekken van managementadviezen;
- Het opzetten van een webwinkel,waarbij de activiteiten die normaal behoren tot deze van de officina-apotheek via het internet worden georganiseerd.
Invoicing and payment
VAT number
BE 0816.809.284
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0816.809.284
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of June at 10:00
deed of 06-11-2023 (in Dutch)Recognitions · licences · registrations
Recognised contractor
4 categoriesCVTech BVapproval number 35442
- D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
- D16 Sanitary installations and gas heating with individual appliancesclass 1, up to €162,000
- D17 Central heating, thermal installationsclass 1, up to €162,000
- D18 Ventilation, warm-air heating and air conditioningclass 1, up to €162,000
Dual-learning approval
4 live approvalsSanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
Sites & property
Location
Buildings and parcels at the address
Ground area
741 m²
Building footprint
172 m²
Building volume
893 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41026B0730/00D000 | Flanders | 741 m² | 1 · 172 m² | 11.2 m · 1 |