K&V CONSTRUCTION
ActiveThe computed 12-month bankruptcy probability of K&V CONSTRUCTION is 2.3% (moderate). The 2024 annual accounts show equity of €88k and a net result of €20k. Equity is growing by ~53.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 9984 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
93
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency98▼-2
Growth78=
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 2.33 in 2023), and 39% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
14 d late
2023
14 d late
2022
29 d late
2021
94 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€88k▲ 29.0%
2023 · €68k
2021: €4k
2022: €39k
2023: €68k
2021 → 2024
Total assets
€144k▲ 37.7%
2023 · €105k
2021: €19k
2022: €86k
2023: €105k
2021 → 2024
Net result
€20k▼ 33.0%
2023 · €29k
2021: €-787
2022: €34k
2023: €29k
2021 → 2024
Working capital
€46k▼ 5.3%
2023 · €49k
2021: €-13k
2022: €13k
2023: €49k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€4k-€39k▲ 817%€68k▲ 76.2%€88k▲ 29.0%
Operating result€417-€44k▲ 10,446%€39k▼ 10.8%€27k▼ 29.9%
Net result€-787-€34k€29k▼ 14.4%€20k▼ 33.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144k
Fixed assets
€51k▲ 162%
Current assets
€93k▲ 9.1%
Equity and liabilities €144k
Equity
€88k▲ 29.0%
Debt
€56k▲ 53.9%
The debt ratio rises from 34.9% to 39.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€36k▼
2023 · €47k
Cash flow
€28k▼
2023 · €37k
Solvency
61.0%▼
2023 · 65.1%
Current ratio
1.99▼
2023 · 2.33
Quick ratio
1.99▼
2023 · 2.33
Debt / equity
0.64▲
2023 · 0.54
ROE
22.5%▼
2023 · 43.3%
ROA
13.7%▼
2023 · 28.2%
Interest coverage
36.71▼
2023 · 68.38
Debt
€56k▲
2023 · €36k
Debt ≤ 1 year
€47k▲
2023 · €36k
Debt > 1 year
€9k
Income taxes
€7k▼
2023 · €9k
Staff costs
€69k▲
2023 · €21k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€105k€144k▲
Fixed assets21/28€20k€51k▲
Tangible fixed assets22/27€20k€51k▲
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€15k€46k▲
Current assets29/58€85k€93k▲
Amounts receivable within one year40/41€66k€58k▼
Trade receivables40€65k€55k▼
Other amounts receivable41€948€3k▲
Cash at bank and in hand54/58€17k€34k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€105k€144k▲
Equity10/15€68k€88k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€63k€83k▲
Amounts payable17/49€36k€56k▲
Amounts payable after more than one year17-€9k
Financial debts170/4-€9k
Amounts payable within one year42/48€36k€47k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€27k€20k▼
Taxes450/3€19k€17k▼
Remuneration and social security454/9€8k€3k▼
Other amounts payable47/48€3k€8k▲
Income statement
Code20232024
Remuneration, social security and pensions62€21k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€69k€106k▲
Operating profit (loss)9901€39k€27k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€684€978▲
Recurring financial charges65€684€978▲
Profit (loss) for the period before taxes9903€39k€27k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€29k€20k▼
Profit (loss) for the period to be appropriated9905€29k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€83k▲
Profit (loss) brought forward from the previous period14P€34k€63k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 1.27
Current ratio from 0.15 to 1.27.
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
Cupi Kujtim
CurrentDirector · since 28-11-2024
28-11-2024
Cupi Kujtim: Appointed as Director
30-06-2024
Cupi Shkelqim: Resigned as Director
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2020
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.
Rue du Sanctuaire(BU) 945004 NamurGround area
1,667 m²
Building footprint
327 m²
Volume, LiDAR
930 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Sardanson(BU) 69, 5004 Namur
since 20202.305.309.621
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021A0389/00D000 | Wallonia | 902 m² | 1 · 183 m² | - |
| 92021A0058/00B000 | Wallonia | 764 m² | 1 · 144 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AG Constructions
BE 0660.814.775
Zonhoven · Eq €88k
DAKVI
BE 0776.451.841
Grimbergen · Eq €88k
MVM Construct
BE 0785.720.091
Scherpenheuvel-Zichem · Eq €88k
EM-PORT
BE 0670.834.182
Schaarbeek · Eq €88k
ELECTROBO
BE 0829.257.156
Péruwelz · Eq €88k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 13,029 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.