Equity
DVL SANITAIR-CV has made a profit without a break since 2019.
DVL SANITAIR-CV has made a profit without a break since 2019.
The result fell in 2025 from €217,849 to €5,007.
Debts rose by €955,783 in 2025.
Green is investment, beige is depreciation. Land and buildings stand 98.2% higher than in 2024.
In 2025, 7 people joined and 5 left.
Four of the last ten came late. The 2022 accounts came latest: 31 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,685 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 34% of them on solvency, 21% on liquidity, 21% on profitability and 36% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 10,904 companies had the same profile as DVL SANITAIR-CV has now. Each dot stands for 28 companies, two years later.
The bankruptcy probability of DVL SANITAIR-CV itself is higher: 1.1% within 12 months. It rests on far more data about DVL SANITAIR-CV than the profile alone.
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 10,904 companies, not a prediction for DVL SANITAIR-CV. 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.
Liquidity is ample, with a current ratio of 1.64 (1.86 in 2024), above the usual 1.5. Short-term debt is 39.5% and cash 1.1% of total assets. However, 67.7% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 28 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.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| DVL SANITAIR-CV Kapellen | €4.2m | €0.9m | 32.3% | 7.5 |
| ROELS Ternat | €3.7m | €0.9m | 21.7% | 9 |
| CBE Roeselare | €3.3m | €1.0m | 14.1% | 9.7 |
| ENERGY SOLUTION TECHNIEK Aalter | €4.0m | €1.4m | 60.0% | 6.2 |
| GUY PEMEN Rijkevorsel | €4.0m | €1.6m | 62.2% | 9.8 |
| VERVAERT Ixelles | €3.1m | €0.5m | 48.8% | 7.8 |
| GEERINCK DM Hamme (Vl.) | €4.0m | €1.5m | 47.4% | 8.4 |
These companies have the same main activity as DVL SANITAIR-CV: plumbing work (NACE 43221). They are comparable in size and age: total assets between €3.1m and €4m, founded between 2004 and 2014.
DVL SANITAIR-CV files the abbreviated format. That format states no turnover. The gross margin rose from €38,546 in 2013 to €854,700 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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