K.V.T. CONSTRUCT
ActiveSummary
K.V.T. CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.25M and a net result of €-21k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-38
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 11.99 against 5.26 in 2024; short-term debt: 8.3% and cash: 36.2% of total assets), and 8.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
91.7%
Return on assets
-0.9%
Age of the figures
9 mo
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 03-04-2026, 119 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
119 d early
2024
28 d early
2023
119 d early
2022
47 d early
2021
31 d late
2020
2 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.25M▼ 0.9%
2024 · €2.27M
2018: €2.79M
2019: €3.01M▲ +7.9% vs 2018
2020: €3.06M▲ +1.8% vs 2019
2021: €3.11M▲ +1.4% vs 2020
2022: €3.11M▲ +0.2% vs 2021highest in 8 years
2023: €2.16M▼ -30.5% vs 2022lowest in 8 years
2024: €2.27M▲ +4.8% vs 2023
2025: €2.25M▼ -0.9% vs 2024
2018 → 2025
Total assets
€2.45M▼ 12.5%
2024 · €2.80M
2018: €3.13M
2019: €3.46M▲ +10.6% vs 2018
2020: €3.54M▲ +2.1% vs 2019highest in 8 years
2021: €3.14M▼ -11.4% vs 2020
2022: €3.15M▲ +0.4% vs 2021
2023: €2.67M▼ -15.2% vs 2022
2024: €2.80M▲ +5.0% vs 2023
2025: €2.45M▼ -12.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€-21k
2024 · €105k
2018: €418khighest in 8 years
2019: €220k▼ -47.3% vs 2018
2020: €55k▼ -75.2% vs 2019
2021: €43k▼ -20.6% vs 2020
2022: €6k▼ -85.9% vs 2021
2023: €102k▲ +1570% vs 2022
2024: €105k▲ +2.9% vs 2023
2025: €-21k▼ -120% vs 2024lowest in 8 years
2018 → 2025
Working capital
€2.25M▼ 0.9%
2024 · €2.27M
2018: €2.78M
2019: €2.72M▼ -2.4% vs 2018
2020: €2.76M▲ +1.6% vs 2019
2021: €2.96M▲ +7.2% vs 2020
2022: €2.97M▲ +0.5% vs 2021highest in 8 years
2023: €2.03M▼ -31.7% vs 2022lowest in 8 years
2024: €2.27M▲ +11.9% vs 2023
2025: €2.25M▼ -0.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.11M-€3.11M▲ 0.2%€2.16M▼ 30.5%€2.27M▲ 4.8%€2.25M▼ 0.9%
2021: €3.11M
2022: €3.11M▲ +0.2% vs 2021highest in 5 years
2023: €2.16M▼ -30.5% vs 2022lowest in 5 years
2024: €2.27M▲ +4.8% vs 2023
2025: €2.25M▼ -0.9% vs 2024
Operating result€68k-€9k▼ 86.1%€168k▲ 1,674%€159k▼ 5.1%€-21k
2021: €68k
2022: €9k▼ -86.1% vs 2021
2023: €168k▲ +1674% vs 2022highest in 5 years
2024: €159k▼ -5.1% vs 2023
2025: €-21k▼ -113% vs 2024lowest in 5 years
Net result€43k-€6k▼ 85.9%€102k▲ 1,570%€105k▲ 2.9%€-21k
2021: €43k
2022: €6k▼ -85.9% vs 2021
2023: €102k▲ +1570% vs 2022
2024: €105k▲ +2.9% vs 2023highest in 5 years
2025: €-21k▼ -120% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €159k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.45M
Equity
€2.25M ▼ 0.9%
Debt
€204k ▼ 61.6%
Debt's share of the balance-sheet total falls from 19.0% to 8.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
11.99▲
2024 · 5.26
Debt to equity
0.09▼
2024 · 0.23
ROE
-0.9%▼
2024 · 4.6%
ROA
-0.9%▼
2024 · 3.7%
Debt ≤ 1 year
€204k▼
2024 · €533k
Income taxes
€0▼
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.80M€2.45M▼
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Current assets29/58€2.80M€2.45M▼
Stocks and contracts in progress3€599k€0▼
Contracts in progress37€599k€0▼
Amounts receivable within one year40/41€1.56M€1.56M=
Trade receivables40€0-
Other amounts receivable41€1.56M€1.56M=
Cash at bank and in hand54/58€639k€889k▲
Deferred charges and accrued income490/1€1k€554▼
Equity and liabilities
Total equity and liabilities10/49€2.80M€2.45M▼
Equity10/15€2.27M€2.25M▼
Contributions10/11€19k€19k=
Reserves13€2.25M€2.23M▼
Distributable reserves133€2.25M€2.23M▼
Profit (loss) carried forward14€0-
Amounts payable17/49€533k€204k▼
Amounts payable within one year42/48€533k€204k▼
Trade debts44€46k€908▼
Suppliers440/4€46k€908▼
Taxes, remuneration and social security45€179k€14k▼
Taxes450/3€179k€14k▼
Other amounts payable47/48€308k€190k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€5k€1k▼
Gross operating margin9900€164k€-20k▼
Operating profit (loss)9901€159k€-21k▼
Financial income75/76B€368€44▼
Recurring financial income75€368€44▼
Financial charges65/66B€872€71▼
Recurring financial charges65€872€71▼
Profit (loss) for the period before taxes9903€159k€-21k▼
Income taxes67/77€54k€0▼
Profit (loss) for the period9904€105k€-21k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€105k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€105k€-21k▼
Transfer from equity791/2€0€21k▲
Transfer to equity691/2€105k€0▼
To other reserves6921€105k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1k | €583 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €510 | €0 | - | - |
| Other operating charges640/8 | €4k | €970 | €6k | €5k | €1k | ▼ 78.7% |
| Gross operating margin9900 | €81k | €19k | €174k | €164k | €-20k | ▼ 112% |
| Operating profit (loss)9901 | €68k | €9k | €168k | €159k | €-21k | ▼ 113% |
| Financial income75/76B | €5k | €278 | €1 | €368 | €44 | ▼ 88.1% |
| Recurring financial income75 | €5k | €278 | €1 | €368 | €44 | ▼ 88.1% |
| Financial charges65/66B | €9k | €845 | €35 | €872 | €71 | ▼ 91.8% |
| Recurring financial charges65 | €9k | €845 | €35 | €872 | €71 | ▼ 91.8% |
| Profit (loss) for the period before taxes9903 | €63k | €9k | €168k | €159k | €-21k | ▼ 113% |
| Income taxes67/77 | €20k | €3k | €66k | €54k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €43k | €6k | €102k | €105k | €-21k | ▼ 120% |
| Transfer from tax-exempt reserves789 | - | - | €107k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €43k | €6k | €209k | €105k | €-21k | ▼ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.14M | €3.15M | €2.67M | €2.80M | €2.45M | ▼ 12.5% |
| Fixed assets21/28 | €149k | €141k | €136k | €0 | - | - |
| Tangible fixed assets22/27 | €147k | €139k | €136k | €0 | - | - |
| Plant, machinery and equipment23 | €3k | €806 | €0 | - | - | - |
| Furniture and vehicles24 | €144k | €139k | €136k | €0 | - | - |
| Financial fixed assets28 | €1k | €1k | €0 | - | - | - |
| Current assets29/58 | €2.99M | €3.01M | €2.53M | €2.80M | €2.45M | ▼ 12.5% |
| Stocks and contracts in progress3 | €653k | €1.02M | €502k | €599k | €0 | ▼ 100% |
| Contracts in progress37 | €653k | €1.02M | €502k | €599k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €2.06M | €1.97M | €1.62M | €1.56M | €1.56M | = |
| Trade receivables40 | €2k | €36k | €60 | €0 | - | - |
| Other amounts receivable41 | €2.06M | €1.93M | €1.62M | €1.56M | €1.56M | = |
| Cash at bank and in hand54/58 | €268k | €22k | €412k | €639k | €889k | ▲ 39.2% |
| Deferred charges and accrued income490/1 | €2k | €853 | €2k | €1k | €554 | ▼ 51.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.14M | €3.15M | €2.67M | €2.80M | €2.45M | ▼ 12.5% |
| Equity10/15 | €3.11M | €3.11M | €2.16M | €2.27M | €2.25M | ▼ 0.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €3.09M | €3.09M | €2.15M | €2.25M | €2.23M | ▼ 0.9% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €107k | €107k | €0 | - | - | - |
| Distributable reserves133 | €2.98M | €2.99M | €2.15M | €2.25M | €2.23M | ▼ 0.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €29k | €37k | €505k | €533k | €204k | ▼ 61.6% |
| Amounts payable within one year42/48 | €29k | €37k | €505k | €533k | €204k | ▼ 61.6% |
| Trade debts44 | €29k | €34k | €24k | €46k | €908 | ▼ 98.0% |
| Suppliers440/4 | €29k | €34k | €24k | €46k | €908 | ▼ 98.0% |
| Taxes, remuneration and social security45 | - | €3k | €121k | €179k | €14k | ▼ 92.3% |
| Taxes450/3 | - | €3k | €121k | €179k | €14k | ▼ 92.3% |
| Other amounts payable47/48 | - | - | €360k | €308k | €190k | ▼ 38.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €6k | €102k | €105k | €-21k | ▼ 120% |
| + Depreciation and write-downs630 | €8k | €8k | €510 | €0 | - | - |
| Operating cash flow (approximation) | €51k | €14k | €102k | €105k | €-21k | ▼ 120% |
| Investment in fixed assets (approximation) | - | €0 | €4k | €136k | - | - |
| Change in cash | - | €-246k | €390k | €226k | €250k | ▲ 10.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 11.99
Current ratio from 5.26 to 11.99; short-term debt falls from €533k to €204k.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Liquidity times 15current ratio 102.67
Current ratio from 6.82 to 102.67; short-term debt falls from €474k to €29k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Nijlen · 1 establishment unit since 2007
Ground area
5,124 m²
Building footprint
159 m²
Volume, LiDAR
1,037 m³
Parcel 12003A0130/00C000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K.V.T. Construct
since 20072.163.376.350
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12003A0130/00C000 | Flanders | 5,124 m² | 1 · 159 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
Romain Vandevoorde
BE 0424.984.714
Eeklo · Eq €2,247,029
ROCK INVEST
BE 0870.972.403
Gent · Eq €2,241,835
Algemeen Bouw- en Coordinatiebedrijf Verhoye Johan
BE 0872.822.529
Gent · Eq €2,256,485
INTEGER BOUWEN
BE 0418.972.197
Mechelen · Eq €2,239,313
REI-T
BE 0831.202.797
Fernelmont · Eq €2,234,965
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 3,697 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.