KANVA
ActiveSummary
The computed 12-month bankruptcy probability of KANVA is 1.6% (moderate). The 2025 annual accounts show negative equity (-€674) and a net result of -€6,868. Equity is shrinking by ~159% per year across the filed fiscal years. Its solvency ranks better than 19% of 666 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency23▼-18
Growth32=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.86 in 2024; short-term debt: 101.8% and cash: 0.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.8%
Return on assets
-18.4%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€674
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 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
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. Usually files around 31 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€674
2024 · €6,194
Total assets
€37,326▼ 4.7%
2024 · €39,170
Net result
-€6,868▲ 46.5%
2024 · -€12,834
Working capital
-€22,243▼ 722%
2024 · -€2,707
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€5,428--€10,023▼ 84.6%-€4,638▲ 53.7%
Net result-€5,972below the sector's middle half--€12,834below the sector's middle half▼ 115%-€6,868below the sector's middle half▲ 46.5%
Equity€19,028within the sector's middle half-€6,194below the sector's middle half▼ 67.4%-€674below the sector's middle half
Total assets€19,028below the sector's middle half-€39,170below the sector's middle half▲ 106%€37,326below the sector's middle half▼ 4.7%
Debt€32,976€38,000▲ 15.2%
Working capital-€2,707within the sector's middle half-€22,243below the sector's middle half▼ 722%
Solvency100.0%above the sector's middle half-15.8%within the sector's middle half▼ 84.2pp-1.8%below the sector's middle half▼ 17.6pp
Current ratio0.86below the sector's middle half0.41below the sector's middle half▼ 0.44
Return on assets (ROA)-31.4%below the sector's middle half--32.8%below the sector's middle half▼ 1.4pp-18.4%below the sector's middle half▲ 14.4pp
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,638 in 2025 against €10,023 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,326
Fixed assets
€21,569 ▼ 5.2%
Current assets
€15,757 ▼ 4.1%
Equity and liabilities
Equity-€674
Debt€38,000
Equity is negative: debt (€38,000) exceeds the balance-sheet total (€37,326).
Key figures and ratios
EBITDA
-€3,462▲
2024 · -€9,256
Cash flow
-€5,693▲
2024 · -€12,066
Quick ratio
0.02▼
2024 · 0.07
Interest coverage
-1.51▲
2024 · -3.29
Debt ≤ 1 year
€38,000▲
2024 · €19,133
Equity ratios withheld: equity of -€674 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.9%
went bankrupt
5.6%
stopped otherwise
85%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €768 | €1,176 | ▲ 53.2% |
| Other operating charges640/8 | €50 | €183 | €265 | ▲ 44.8% |
| Gross operating margin9900 | -€5,378 | -€9,073 | -€3,197 | ▲ 64.8% |
| Operating profit (loss)9901 | -€5,428 | -€10,023 | -€4,638 | ▲ 53.7% |
| Financial income75/76B | €0 | - | €63 | - |
| Recurring financial income75 | €0 | - | €63 | - |
| Financial charges65/66B | €544 | €2,811 | €2,293 | ▼ 18.4% |
| Recurring financial charges65 | €544 | €2,811 | €2,293 | ▼ 18.4% |
| Profit (loss) for the period before taxes9903 | -€5,972 | -€12,834 | -€6,868 | ▲ 46.5% |
| Income taxes67/77 | - | €0 | - | - |
| Profit (loss) for the period9904 | -€5,972 | -€12,834 | -€6,868 | ▲ 46.5% |
| Profit (loss) for the period to be appropriated9905 | -€5,972 | -€12,834 | -€6,868 | ▲ 46.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €19,028 | €39,170 | €37,326 | ▼ 4.7% |
| Fixed assets21/28 | - | €22,744 | €21,569 | ▼ 5.2% |
| Intangible fixed assets21 | - | €22,744 | €21,569 | ▼ 5.2% |
| Current assets29/58 | €19,028 | €16,426 | €15,757 | ▼ 4.1% |
| Stocks and contracts in progress3 | - | €15,182 | €15,182 | = |
| Stocks30/36 | - | €15,182 | €15,182 | = |
| Amounts receivable within one year40/41 | €299 | €1,244 | €541 | ▼ 56.5% |
| Trade receivables40 | €32 | - | - | - |
| Other amounts receivable41 | €267 | €1,244 | €541 | ▼ 56.5% |
| Cash at bank and in hand54/58 | €18,729 | - | €34 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €19,028 | €39,170 | €37,326 | ▼ 4.7% |
| Equity10/15 | €19,028 | €6,194 | -€674 | ▼ 111% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€5,972 | -€18,806 | -€25,674 | ▼ 36.5% |
| Amounts payable17/49 | - | €32,976 | €38,000 | ▲ 15.2% |
| Amounts payable after more than one year17 | - | €13,843 | - | - |
| Financial debts170/4 | - | €13,843 | - | - |
| Amounts payable within one year42/48 | - | €19,133 | €38,000 | ▲ 98.6% |
| Financial debts43 | - | €19,064 | - | - |
| Credit institutions430/8 | - | €19,064 | - | - |
| Trade debts44 | - | €69 | - | - |
| Suppliers440/4 | - | €69 | - | - |
| Other amounts payable47/48 | - | - | €38,000 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,972 | -€12,834 | -€6,868 | ▲ 46.5% |
| + Depreciation and write-downs630 | - | €768 | €1,176 | ▲ 53.2% |
| Operating cash flow (approximation) | -€5,972 | -€12,066 | -€5,693 | ▲ 52.8% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
22-07
State Gazette act
Resignations: Tim Karpisek (director) and lan Lennon (director)Appointments: Jan Viroux, Yassin Tafrata and 2 others · Permanent representative: Levi Mariën · Power of attorney13 facts ▸
State Gazette act
Resignations: Tim Karpisek (director) and lan Lennon (director)
Appointments: Jan Viroux, Yassin Tafrata and 2 others · Permanent representative: Levi Mariën · Power of attorney13 facts ▸
- General meeting, 19-05-2026
- Director resignation, Tim Karpisek (director)
- Director resignation, lan Lennon (director)
- Director appointment, Jan Viroux (director)
- Director appointment, Yassin Tafrata (director)
- Director appointment, Levi Mariën (director)
- Power of attorney, Junes EL-SAYYID
- General meeting, 11-06-2026
- Correction, Levi Mariën ten onrechte vermeld als bestuurder ten persoonlijke titel; rechtzetting houdt geen nieuwe benoeming en geen beëindiging van enig mandaat in
- Director appointment, Uncharted BV (director)
- Permanent representative, Levi Mariën (permanent representative)
- Board meeting, 19-05-2026
- +1 further facts in this act
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€12,834
Net result drops to -€12,834, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26094278). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
Jan Viroux
CurrentDirector · since 19-05-2026
Levi Mariën
CurrentDirector · since 19-05-2026
Uncharted BV
CurrentDirector · since 19-05-2026 · Legal entity · perm. rep.: Levi Mariën
Yassin Tafrata
CurrentDirector · since 19-05-2026
Permanent representatives 1
Levi Mariën
CurrentPermanent representative · since 19-05-2026 · for Uncharted BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2023
Ground area
4,404 m²
Building footprint
364 m²
Volume, LiDAR
1,933 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KANVA
since 20232.350.284.759
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0018/00B008 | Flanders | 3,480 m² | 1 · 199 m² | 11.5 m · 2 fl. |
| 11036A0287/00D000 | Flanders | 924 m² | 1 · 165 m² | 9.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
6 people since 2026, 4 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jan Viroux |
|
| Levi Mariën |
|
| Uncharted BV |
|
| Yassin Tafrata |
|
| lan Lennon |
|
| Tim Karpisek |
|
Structure & network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 338 companies in this sector we hold annual accounts for 103. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded31-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
32400Other manufacturing
46497Wholesale trade
58110Book publishing
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802272548
Registered
02-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.