Skip to content

Kanvaz

Active
Private limited companyfounded 1922104 yrs activeMenegaard 21, 3300 Tienen, BelgiumKBO/BCE: BE 0400.974.442
Summary

Kanvaz has been active since 1922 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76.1m and a net result of -€3.1m. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 34% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability49▼-2
Solvency46▼-1
Growth64▼-2
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.87 in 2024; short-term debt: 4.9% and cash: 1.4% of total assets), but 78.8% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 104 years 0 110 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
21.2%
Return on assets
-0.9%
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 04-08-2026, 4 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 filings
Deviation from the deadline
2025
4 d late
2024
31 d early
2023
58 d late
2022
94 d early
2021
72 d early
2020
58 d early
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 30 June (4 of the last 5 filed years within 63 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 April 1922, Kanvaz was incorporated.1 Revenue went from EUR 7 million in 2018 to EUR 20 million in 2025 and headcount from 17 to 74 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
€20.1m▲ 4.7%
2024 · €19.2m
EBIT margin
-16.4%▼ 6.1pp
2024 · -10.3%
Net result
-€3.1m▼ 58.6%
2024 · -€2.0m
Working capital
€15.3m▼ 8.1%
2024 · €16.6m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 68, Real estate activities, 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), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€7.2m▲ 1.4%€7.8m▲ 9.2%€17.8m▲ 127%€19.2m▲ 8.1%€20.1m▲ 4.7%
Operating result€1.3m▼ 15.6%€655,333▼ 49.4%-€1.2m-€2.0m▼ 67.7%-€3.3m▼ 67.2%
Net result€443,253above the sector's middle half▼ 31.1%-€135,628below the sector's middle half-€1.5mbelow the sector's middle half▼ 1,009%-€2.0mbelow the sector's middle half▼ 30.9%-€3.1mbelow the sector's middle half▼ 58.6%
EBIT margin18.0%▼ 3.6pp8.4%▼ 9.7pp-6.6%▼ 15.0pp-10.3%▼ 3.7pp-16.4%▼ 6.1pp
Equity€28.1mabove the sector's middle half▲ 4.8%€27.4mabove the sector's middle half▼ 2.4%€70.6mabove the sector's middle half▲ 158%€74.7mabove the sector's middle half▲ 5.8%€76.1mabove the sector's middle half▲ 1.8%
Total assets€151.7mabove the sector's middle half▲ 5.2%€154.3mabove the sector's middle half▲ 1.7%€329.2mabove the sector's middle half▲ 113%€344.9mabove the sector's middle half▲ 4.8%€358.5mabove the sector's middle half▲ 3.9%
Debt€122.7m▲ 5.3%€126.1m▲ 2.7%€256.4m▲ 103%€268.5m▲ 4.7%€280.5m▲ 4.5%
Working capital-€22,656within the sector's middle half-€2.7mbelow the sector's middle half▼ 11,839%€17.9mabove the sector's middle half€16.6mabove the sector's middle half▼ 7.5%€15.3mabove the sector's middle half▼ 8.1%
Solvency18.5%within the sector's middle half▼ 0.1pp17.8%within the sector's middle half▼ 0.7pp21.4%within the sector's middle half▲ 3.7pp21.7%within the sector's middle half▲ 0.2pp21.2%within the sector's middle half▼ 0.4pp
Current ratio1.00within the sector's middle half▼ 0.140.61within the sector's middle half▼ 0.392.15within the sector's middle half▲ 1.541.87within the sector's middle half▼ 0.271.87within the sector's middle half=
Return on assets (ROA)0.3%within the sector's middle half▼ 0.2pp-0.1%within the sector's middle half▼ 0.4pp-0.5%within the sector's middle half▼ 0.4pp-0.6%within the sector's middle half▼ 0.1pp-0.9%within the sector's middle half▼ 0.3pp
Staff (FTE)16.9above the sector's middle half▼ 1.2%18above the sector's middle half▲ 6.5%48.5above the sector's middle half▲ 169%65above the sector's middle half▲ 34.0%74above the sector's middle half▲ 13.8%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€4.0m-€2.0m€0€2.0mOperating result 2021: €1.3m€1.3mNet result 2021: €443,253€443,253Operating result 2022: €655,333€655,333Net result 2022: -€135,628-€135,628Operating result 2023: -€1.2m-€1.2mNet result 2023: -€1.5m-€1.5mOperating result 2024: -€2.0m-€2.0mNet result 2024: -€2.0m-€2.0mOperating result 2025: -€3.3m-€3.3mNet result 2025: -€3.1m-€3.1m20212022202320242025-€4m-€3m-€2m-€1m€0Operating result 2023: -€1.2m-€1.2mNet result 2023: -€1.5m-€1.5mOperating result 2024: -€2.0m-€2mNet result 2024: -€2.0m-€2mOperating result 2025: -€3.3m-€3.3mNet result 2025: -€3.1m-€3.1m202320242025
The operating result stays negative: a loss of €3.3m in 2025 against €2.0m in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €358.4m
Fixed assets €325.6m ▲ 5.3%
Current assets €32.8m ▼ 7.8%
Equity and liabilities €358.5m
Equity €76.1m ▲ 1.8%
Provisions €2.0m ▲ 13.6%
Debt €280.5m ▲ 4.5%
Debt's share of the balance-sheet total rises from 77.8% to 78.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4.5m▼
2024 · €5.4m
Cash flow
€4.7m▼
2024 · €5.4m
Quick ratio
1.36▼
2024 · 1.48
Debt to equity
3.69▲
2024 · 3.59
ROE
-4.1%▼
2024 · -2.6%
Interest coverage
0.76▼
2024 · 1.03
Debt ≤ 1 year
€17.6m▼
2024 · €19.0m
Debt > 1 year
€261.1m▲
2024 · €247.9m
Income taxes
-€74,842▼
2024 · €75,000
Staff costs
€5.6m▲
2024 · €4.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
0.5% went bankrupt
2.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 370 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 89 lines
Balance sheet Code20242025
Assets
Total assets20/58€344.9m€358.5m▲
Formation expenses20€127,036€88,286▼
Fixed assets21/28€309.2m€325.6m▲
Intangible fixed assets21€240,670€207,079▼
Tangible fixed assets22/27€308.9m€325.4m▲
Land and buildings22€271.7m€286.5m▲
Plant, machinery and equipment23€60,822€76,206▲
Furniture and vehicles24€251,028€213,104▼
Other tangible fixed assets26€80,811€78,029▼
Assets under construction and advance payments27€36.8m€38.6m▲
Financial fixed assets28€1,000€1,000=
Other financial fixed assets284/8€1,000€1,000=
Shares284€1,000€1,000=
Current assets29/58€35.6m€32.8m▼
Amounts receivable after more than one year29€338,087€243,978▼
Other amounts receivable291€338,087€243,978▼
Stocks and contracts in progress3€7.5m€8.9m▲
Stocks30/36€7.5m€8.9m▲
Raw materials and consumables30/31€214,494€191,507▼
Property held for sale35€7.3m€8.7m▲
Amounts receivable within one year40/41€9.2m€10.1m▲
Trade receivables40€1.7m€800,384▼
Other amounts receivable41€7.5m€9.3m▲
Current investments50/53€10.0m€6.5m▼
Other investments51/53€10.0m€6.5m▼
Cash at bank and in hand54/58€6.0m€4.8m▼
Deferred charges and accrued income490/1€2.5m€2.3m▼
Equity and liabilities
Total equity and liabilities10/49€344.9m€358.5m▲
Equity10/15€74.7m€76.1m▲
Contributions10/11€72,462€71,017▼
Reserves13€43.4m€43.4m=
Non-distributable reserves130/1€37.0m€37.0m=
Reserves not available under the articles1311€37.0m€37.0m=
Tax-exempt reserves132€6.3m€6.3m▼
Profit (loss) carried forward14-€1.3m-€4.4m▼
Investment grants15€32.5m€37.0m▲
Provisions and deferred taxes16€1.8m€2.0m▲
Deferred taxes168€1.8m€2.0m▲
Amounts payable17/49€268.5m€280.5m▲
Amounts payable after more than one year17€247.9m€261.1m▲
Financial debts170/4€246.0m€259.0m▲
Credit institutions173€762,119€257.4m▲
Other loans174€245.2m€1.7m▼
Other amounts payable178/9€1.9m€2.1m▲
Amounts payable within one year42/48€19.0m€17.6m▼
Current portion of amounts payable after more than one year42€9.4m€10.5m▲
Trade debts44€6.9m€4.6m▼
Suppliers440/4€6.9m€4.6m▼
Taxes, remuneration and social security45€2.0m€2.1m▲
Taxes450/3-€1.4m
Remuneration and social security454/9€2.0m€673,185▼
Other amounts payable47/48€813,022€358,789▼
Accrued charges and deferred income492/3€1.6m€1.8m▲
Income statement Code20242025
Operating income70/76A€21.3m€22.4m▲
Turnover70€19.2m€20.1m▲
Other operating income74€2.1m€2.3m▲
Non-recurring operating income76A€70,379€5,518▼
Operating charges60/66A€23.3m€25.7m▲
Goods for resale, raw materials and consumables60-€452,809€485,074▲
Purchases600/8€1.1m€1.8m▲
Change in stocks: decrease (increase)609-€1.6m-€1.3m▲
Services and other goods61€10.3m€9.2m▼
Remuneration, social security and pensions62€4.8m€5.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7.4m€7.8m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€130,650€291,050▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€810,381€0▲
Other operating charges640/8€1.9m€1.8m▼
Non-recurring operating charges66A€54,458€589,467▲
Operating profit (loss)9901-€2.0m-€3.3m▼
Financial income75/76B€5.3m€6.0m▲
Recurring financial income75€5.3m€6.0m▲
Income from current assets751€340,345€196,116▼
Other financial income752/9€5.0m€5.8m▲
Financial charges65/66B€5.3m€5.9m▲
Recurring financial charges65€5.3m€5.9m▲
Debt charges650€5.2m€5.9m▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€5,450€0▼
Other financial charges652/9€44,113€11,960▼
Profit (loss) for the period before taxes9903-€1.9m-€3.2m▼
Transfer from deferred taxes780€35,887€32,847▼
Income taxes67/77€75,000-€74,842▼
Taxes670/3€75,000€158▼
Tax adjustments and reversals of tax provisions77-€75,000
Profit (loss) for the period9904-€2.0m-€3.1m▼
Transfer from tax-exempt reserves789€7,039€7,039=
Profit (loss) for the period to be appropriated9905-€2.0m-€3.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.3m-€4.4m▼
Profit (loss) brought forward from the previous period14P€665,029-€1.3m▼
Social balance
Average headcount (FTE)908765.074.0▲

The notes to these accounts (89 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€9.1m€9.1m€19.8m€21.3m€22.4m▲ 4.9%
Turnover70€7.2m€7.8m€17.8m€19.2m€20.1m▲ 4.7%
Own construction capitalised72€164,654€103,551----
Other operating income74€858,433€1.1m€1.7m€2.1m€2.3m▲ 10.9%
Non-recurring operating income76A€903,413€120,754€339,064€70,379€5,518▼ 92.2%
Operating charges60/66A€7.8m€8.5m€21.0m€23.3m€25.7m▲ 10.2%
Goods for resale, raw materials and consumables60€177,983€428,081€1.1m-€452,809€485,074▲ 207%
Purchases600/8€310,926€331,932€514,456€1.1m€1.8m▲ 57.6%
Change in stocks: decrease (increase)609-€132,943€96,149€586,144-€1.6m-€1.3m▲ 17.3%
Services and other goods61€2.5m€2.5m€7.2m€10.3m€9.2m▼ 11.1%
Remuneration, social security and pensions62€1.1m€1.2m€3.9m€4.8m€5.6m▲ 16.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.3m€3.8m€7.1m€7.4m€7.8m▲ 5.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13,301€18,926€91,644€130,650€291,050▲ 123%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€70,654--€810,381€0▲ 100%
Other operating charges640/8€622,541€744,967€1.5m€1.9m€1.8m▼ 5.7%
Operating charges capitalised as restructuring costs649--€52,940-€140,809---
Non-recurring operating charges66A€76,560€3,926€120,487€54,458€589,467▲ 982%
Operating profit (loss)9901€1.3m€655,333-€1.2m-€2.0m-€3.3m▼ 67.2%
Financial income75/76B€1.7m€1.8m€4.6m€5.3m€6.0m▲ 12.7%
Recurring financial income75€1.7m€1.8m€4.6m€5.3m€6.0m▲ 12.7%
Income from current assets751€2,176€5,047€181,855€340,345€196,116▼ 42.4%
Other financial income752/9€1.7m€1.7m€4.5m€5.0m€5.8m▲ 16.4%
Financial charges65/66B€2.5m€2.6m€5.0m€5.3m€5.9m▲ 12.3%
Recurring financial charges65€2.5m€2.6m€5.0m€5.3m€5.9m▲ 12.3%
Debt charges650€2.5m€2.6m€5.0m€5.2m€5.9m▲ 13.1%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0-€5,450€0▼ 100%
Other financial charges652/9€1,367€1,364€10,750€44,113€11,960▼ 72.9%
Profit (loss) for the period before taxes9903€446,757-€157,016-€1.5m-€1.9m-€3.2m▼ 67.4%
Transfer from deferred taxes780€22,371€22,182€17,166€35,887€32,847▼ 8.5%
Income taxes67/77€25,875€795€18,389€75,000-€74,842▼ 200%
Taxes670/3€25,875€795€68,345€75,000€158▼ 99.8%
Tax adjustments and reversals of tax provisions77--€49,956-€75,000-
Profit (loss) for the period9904€443,253-€135,628-€1.5m-€2.0m-€3.1m▼ 58.6%
Transfer from tax-exempt reserves789€1,921€1,921€19,278€7,039€7,039=
Profit (loss) for the period to be appropriated9905€445,173-€133,708-€1.5m-€2.0m-€3.1m▼ 58.8%
Line20212022202320242025Change
Assets
Total assets20/58€151.7m€154.3m€329.2m€344.9m€358.5m▲ 3.9%
Formation expenses20€18,319€52,940€165,786€127,036€88,286▼ 30.5%
Fixed assets21/28€146.1m€150.1m€295.5m€309.2m€325.6m▲ 5.3%
Intangible fixed assets21€8,084€8,614€126,756€240,670€207,079▼ 14.0%
Tangible fixed assets22/27€146.1m€150.1m€295.3m€308.9m€325.4m▲ 5.3%
Land and buildings22€132.5m€142.4m€274.5m€271.7m€286.5m▲ 5.4%
Plant, machinery and equipment23€1,231€636€23,457€60,822€76,206▲ 25.3%
Furniture and vehicles24€15,643€37,501€244,642€251,028€213,104▼ 15.1%
Other tangible fixed assets26€5,156€4,958€4,760€80,811€78,029▼ 3.4%
Assets under construction and advance payments27€13.6m€7.6m€20.6m€36.8m€38.6m▲ 4.7%
Financial fixed assets28€1,000€1,000€1,000€1,000€1,000=
Other financial fixed assets284/8€1,000€1,000€1,000€1,000€1,000=
Shares284€1,000€1,000€1,000€1,000€1,000=
Current assets29/58€5.6m€4.2m€33.6m€35.6m€32.8m▼ 7.8%
Amounts receivable after more than one year29--€479,017€338,087€243,978▼ 27.8%
Other amounts receivable291--€479,017€338,087€243,978▼ 27.8%
Stocks and contracts in progress3€294,579€198,430€6.2m€7.5m€8.9m▲ 17.5%
Stocks30/36€294,579€198,430€6.2m€7.5m€8.9m▲ 17.5%
Raw materials and consumables30/31€129,424€198,430€206,084€214,494€191,507▼ 10.7%
Property held for sale35€165,155-€6.0m€7.3m€8.7m▲ 18.3%
Amounts receivable within one year40/41€727,122€458,098€2.1m€9.2m€10.1m▲ 9.3%
Trade receivables40€427,743€137,997€593,504€1.7m€800,384▼ 53.8%
Other amounts receivable41€299,379€320,101€1.5m€7.5m€9.3m▲ 23.9%
Current investments50/53--€14.8m€10.0m€6.5m▼ 35.0%
Other investments51/53--€14.8m€10.0m€6.5m▼ 35.0%
Cash at bank and in hand54/58€3.2m€2.2m€8.1m€6.0m€4.8m▼ 19.7%
Deferred charges and accrued income490/1€1.3m€1.3m€2.0m€2.5m€2.3m▼ 7.2%
Equity and liabilities
Total equity and liabilities10/49€151.7m€154.3m€329.2m€344.9m€358.5m▲ 3.9%
Equity10/15€28.1m€27.4m€70.6m€74.7m€76.1m▲ 1.8%
Contributions10/11€23,785€23,641€73,296€72,462€71,017▼ 2.0%
Capital10€23,785-----
Issued capital100€84,805-----
Uncalled capital101€61,021-----
Reserves13€9.9m€9.9m€43.4m€43.4m€43.4m=
Non-distributable reserves130/1€8.5m€8.5m€37.0m€37.0m€37.0m=
Legal reserve130€8,535-----
Reserves not available under the articles1311-€8,535€37.0m€37.0m€37.0m=
Other1319€8.5m€8.5m----
Tax-exempt reserves132€1.4m€1.4m€6.3m€6.3m€6.3m▼ 0.1%
Profit (loss) carried forward14€2.3m€2.1m€665,029-€1.3m-€4.4m▼ 240%
Investment grants15€15.9m€15.3m€26.5m€32.5m€37.0m▲ 13.8%
Provisions and deferred taxes16€907,338€808,181€2.2m€1.8m€2.0m▲ 13.6%
Provisions for liabilities and charges160/5€70,654-€810,381---
Major repairs and maintenance162--€810,381---
Other liabilities and charges164/5€70,654-----
Deferred taxes168€836,684€808,181€1.4m€1.8m€2.0m▲ 13.6%
Amounts payable17/49€122.7m€126.1m€256.4m€268.5m€280.5m▲ 4.5%
Amounts payable after more than one year17€116.3m€118.4m€239.2m€247.9m€261.1m▲ 5.3%
Financial debts170/4€115.7m€117.6m€237.4m€246.0m€259.0m▲ 5.3%
Credit institutions173€115.2m€117.2m€235.9m€762,119€257.4m▲ 33,672%
Other loans174€446,400€421,600€1.5m€245.2m€1.7m▼ 99.3%
Other amounts payable178/9€692,038€777,284€1.8m€1.9m€2.1m▲ 8.0%
Amounts payable within one year42/48€5.6m€6.9m€15.7m€19.0m€17.6m▼ 7.6%
Current portion of amounts payable after more than one year42€3.9m€4.6m€10.1m€9.4m€10.5m▲ 11.7%
Trade debts44€860,393€1.4m€2.8m€6.9m€4.6m▼ 32.4%
Suppliers440/4€860,393€1.4m€2.8m€6.9m€4.6m▼ 32.4%
Taxes, remuneration and social security45€667,030€741,463€2.3m€2.0m€2.1m▲ 7.2%
Taxes450/3€541,400€584,903€1.6m-€1.4m-
Remuneration and social security454/9€125,630€156,559€648,629€2.0m€673,185▼ 65.7%
Other amounts payable47/48€150,630€119,229€453,176€813,022€358,789▼ 55.9%
Accrued charges and deferred income492/3€792,715€821,679€1.5m€1.6m€1.8m▲ 13.8%
Line20212022202320242025Change
Profit (loss) for the period9904€443,253-€135,628-€1.5m-€2.0m-€3.1m▼ 58.6%
+ Depreciation and write-downs630€3.3m€3.8m€7.1m€7.4m€7.8m▲ 5.3%
Operating cash flow (approximation)€3.8m€3.6m€5.6m€5.4m€4.7m▼ 14.1%
Investment in fixed assets (approximation)--€7.7m-€152.5m-€21.1m-€24.2m▼ 14.9%
Change in cash--€1.1m€5.9m-€2.0m-€1.2m▲ 41.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 4 days late
15-07
State Gazette act General meeting · Director resignation
Director appointment · Permanent representative
2025
31-12
Financial Weakest financial yearnet -€3.1m
Net result drops to -€3.1m, the lowest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
27-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
31-12
Financial Liquidity quadruplescurrent ratio 2.15
Current ratio from 0.61 to 2.15.
31-12
Financial Equity above €50mEq €70.6m ▲158%
Equity rises from €27.4m to €70.6m.
28-04
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
20-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
03-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
23-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
24-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
22-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
18-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 28 acts read
About the unread acts

We know of 28 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
28 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, Tienen · 2 establishment units since 2019
seat establishment All 2 establishment units on the map
Ground area
3,373 m²
Building footprint
293 m²
Volume, LiDAR
2,234 m³
2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
KANVAZ
Menegaard 21, 3300 TienenReal estate activities
since 20192.286.715.315
KANVAZ
Bergveld 29, 3290 DiestReal estate activities
since 20232.346.684.772
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24593G0423/00N003 Flanders 2,688 m² 1 · 25 m² 3.8 m · 1 fl.
24120E0105/00W003 Flanders 685 m² 1 · 268 m² 9.7 m · 3 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.

Structure & network

Connections & network

Depth

The group is listed under Ownership & control below; here you explore it as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1

Public money · subsidies and aid

Flemish government

2022 to 2025 · 22 entries · 32,034,476 EUR awarded · 22,808,351 EUR paid
Year Entries awardedpaid
2025 5 6,199,921 EUR7,767,540 EUR
2024 5 11,278,397 EUR5,124,828 EUR
2023 6 9,520,506 EUR5,109,321 EUR
2022 6 5,035,652 EUR4,806,662 EUR
Schemes
4 entries · 16,687,040 EUR · 16,687,040 EUR paid · VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN
4 entries · 8,414,446 EUR · 3,173,049 EUR paid · VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN
4 entries · 3,272,892 EUR · 2,277,140 EUR paid · VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN
2 entries · 2,988,976 EUR · VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN
3 entries · 634,635 EUR · 634,635 EUR paid · VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN
Show 2 more
4 entries · 36,379 EUR · 36,379 EUR paid · Departement Werk en Sociale Economie
1 entry · 108 EUR · 108 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Care and welfare

1 service · 0 live
Signorie De Merode
Care and Health agency · ended
Groep van Assistentiewoningen

Similar companies · same sector, comparable size

Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 191 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
Founded20-04-1922
Fiscal year end31-12
Activities, NACEBEL 2025
68202Real estate activities
68310Real estate agency activities
Contact
E-mail info@kanvaz.beDiest
E-invoicing
Reachable via Peppol
Peppol ID 0208:0400974442
Also 9925:BE0400974442
Registered 13-06-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.