Kanvaz
ActiveSummary
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).
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Signals
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)
History
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Financials · fiscal year 2025, full schema
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).
Peer companies
Historical observationOf 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
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%.
| 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
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.
Directors · office · real estate
2 establishment units
2 parcels
| 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
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
Ownership & control
1 board mandatePublic money · subsidies and aid
Flemish government
2022 to 2025 · 22 entries · 32,034,476 EUR awarded · 22,808,351 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 6,199,921 EUR | 7,767,540 EUR |
| 2024 | 5 | 11,278,397 EUR | 5,124,828 EUR |
| 2023 | 6 | 9,520,506 EUR | 5,109,321 EUR |
| 2022 | 6 | 5,035,652 EUR | 4,806,662 EUR |
Recognitions · licences · registrations
Care and welfare
1 service · 0 liveSimilar companies · same sector, comparable size
Identification & contact
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.