CVW
ActiveCVW has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €12k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+5
Solvency50▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.1 in 2024; short-term debt: 38.1% and cash: 4.1% of total assets), and 75.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
24.7%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 10 filingsDeviation from the deadline
2025
17 d late
2024
43 d early
2023
16 d late
2022
23 d late
2021
29 d late
2020
27 d late
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€105k▲ 13.1%
2024 · €93k
2018: €94k
2019: €58k
2020: €65k
2021: €75k
2022: €97k
2023: €101k
2024: €93k
2018 → 2025
Total assets
€426k▼ 1.4%
2024 · €432k
2018: €507k
2019: €440k
2020: €433k
2021: €443k
2022: €420k
2023: €387k
2024: €432k
2018 → 2025
Net result
€12k=
2024 · €12k
2018: €-24k
2019: €-36k
2020: €6k
2021: €22k
2022: €22k
2023: €5k
2024: €12k
2018 → 2025
Working capital
€25k▲ 60.5%
2024 · €15k
2018: €49k
2019: €13k
2020: €33k
2021: €43k
2022: €61k
2023: €55k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€97k▲ 28.4%€101k▲ 4.4%€93k▼ 7.8%€105k▲ 13.1%
Operating result€29k-€36k▲ 24.8%€17k▼ 52.1%€27k▲ 54.0%€28k▲ 5.5%
Net result€22k-€22k▼ 0.4%€5k▼ 77.3%€12k▲ 141%€12k=
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 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €426k
Fixed assets
€239k▼ 8.5%
Current assets
€187k▲ 9.4%
Equity and liabilities €426k
Equity
€105k▲ 13.1%
Debt
€321k▼ 5.4%
The debt ratio falls from 78.5% to 75.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▲
2024 · €53k
Cash flow
€45k▲
2024 · €38k
Solvency
24.7%▲
2024 · 21.5%
Current ratio
1.15▲
2024 · 1.10
Quick ratio
0.74▲
2024 · 0.69
Debt / equity
3.05▼
2024 · 3.64
ROE
11.6%▼
2024 · 13.1%
ROA
2.9%▲
2024 · 2.8%
Interest coverage
6.05▲
2024 · 5.34
Debt
€321k▼
2024 · €339k
Debt ≤ 1 year
€162k▲
2024 · €156k
Debt > 1 year
€159k▼
2024 · €183k
Income taxes
€6k▲
2024 · €5k
Staff costs
€170k▲
2024 · €153k
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€432k€426k▼
Fixed assets21/28€261k€239k▼
Tangible fixed assets22/27€261k€239k▼
Land and buildings22€195k€186k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€63k€51k▼
Current assets29/58€171k€187k▲
Amounts receivable after more than one year29€10k€0▼
Other amounts receivable291€10k€0▼
Stocks and contracts in progress3€64k€68k▲
Stocks30/36€57k€68k▲
Contracts in progress37€7k€0▼
Amounts receivable within one year40/41€75k€98k▲
Trade receivables40€58k€86k▲
Other amounts receivable41€17k€12k▼
Cash at bank and in hand54/58€17k€18k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€432k€426k▼
Equity10/15€93k€105k▲
Contributions10/11€12k€12k=
Reserves13€81k€93k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€81k€93k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€339k€321k▼
Amounts payable after more than one year17€183k€159k▼
Financial debts170/4€183k€159k▼
Amounts payable within one year42/48€156k€162k▲
Current portion of amounts payable after more than one year42€24k€25k▲
Financial debts43€51k€52k▲
Credit institutions430/8€51k€52k▲
Trade debts44€48k€64k▲
Suppliers440/4€48k€64k▲
Taxes, remuneration and social security45€12k€21k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€11k€19k▲
Other amounts payable47/48€20k€648▼
Income statement
Code20242025
Non-recurring operating income76A€8k€2k▼
Remuneration, social security and pensions62€153k€170k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€33k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€209k€234k▲
Operating profit (loss)9901€27k€28k▲
Financial income75/76B€448€639▲
Recurring financial income75€448€639▲
Financial charges65/66B€10k€10k▲
Recurring financial charges65€10k€10k▲
Profit (loss) for the period before taxes9903€17k€19k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€12k€12k=
Profit (loss) for the period to be appropriated9905€12k€12k=
Appropriation of the result
Profit (loss) to be appropriated9906€12k€12k=
Transfer from equity791/2€20k€0▼
Transfer to equity691/2€12k€12k=
To other reserves6921€12k€12k=
Profit to be distributed694/7€20k€0▼
Return on contributions (dividend)694€20k€0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Equity above €100kEq €105k ▲13.1%
6 profitable years in a row build equity to €105k.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Equity above €100kEq €101k ▲4.4%
4 profitable years in a row build equity to €101k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €22k ▲245%
Net result €22k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tielt · 1 establishment unit since 2010
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.
Wingensesteenweg 408700 TieltGround area
818 m²
Building footprint
110 m²
Volume, LiDAR
630 m³
Parcel 37015A0888/00C002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
C.V.W.
since 20102.190.072.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015A0888/00C002 | Flanders | 818 m² | 1 · 110 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 3,073 EUR awarded · 2,934 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,093 EUR | 997 EUR |
| 2024 | 2 | 1,937 EUR | 1,937 EUR |
| 2023 | 1 | 43 EUR | 0 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 1,048 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2010
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
16230Manufacture of other builders' carpentry and joinery
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
25991Manufacture of fabricated metal products, except machinery and equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
43331Floor and wall tiling
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.