KaVa Ventures
ActiveSummary
KaVa Ventures has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20.91M and a net result of €73k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▲+5
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5M at 30 days acceptable
Liquidity ample (current ratio 61.1 against 33.99 in 2023; short-term debt: 1.5% and cash: 8.1% of total assets), and 1.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
98.5%
Return on assets
0.3%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
61 d late
2022
7 d early
2021
31 d late
2020
27 d late
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€20.91M▲ 0.4%
2023 · €20.84M
2018: €681klowest in 7 years
2019: €716k▲ +5.2% vs 2018
2020: €754k▲ +5.2% vs 2019
2021: €793k▲ +5.2% vs 2020
2022: €838k▲ +5.7% vs 2021
2023: €20.84M▲ +2386% vs 2022
2024: €20.91M▲ +0.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€21.23M▼ 3.7%
2023 · €22.04M
2018: €1.44Mlowest in 7 years
2019: €1.47M▲ +2.0% vs 2018
2020: €1.48M▲ +0.6% vs 2019
2021: €1.50M▲ +1.6% vs 2020
2022: €1.53M▲ +2.2% vs 2021
2023: €22.04M▲ +1337% vs 2022highest in 7 years
2024: €21.23M▼ -3.7% vs 2023
2018 → 2024
Net result
€73k▲ 2,332%
2023 · €3k
2018: €26k
2019: €35k▲ +34.1% vs 2018
2020: €37k▲ +5.3% vs 2019
2021: €40k▲ +5.9% vs 2020
2022: €45k▲ +14.0% vs 2021
2023: €3k▼ -93.3% vs 2022lowest in 7 years
2024: €73k▲ +2332% vs 2023highest in 7 years
2018 → 2024
Working capital
€18.81M▼ 4.8%
2023 · €19.75M
2018: €49klowest in 7 years
2019: €91k▲ +85.5% vs 2018
2020: €126k▲ +38.3% vs 2019
2021: €179k▲ +42.2% vs 2020
2022: €235k▲ +31.6% vs 2021
2023: €19.75M▲ +8296% vs 2022highest in 7 years
2024: €18.81M▼ -4.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€754k-€793k▲ 5.2%€838k▲ 5.7%€20.84M▲ 2,386%€20.91M▲ 0.4%
2020: €754klowest in 5 years
2021: €793k▲ +5.2% vs 2020
2022: €838k▲ +5.7% vs 2021
2023: €20.84M▲ +2386% vs 2022
2024: €20.91M▲ +0.4% vs 2023highest in 5 years
Operating result€86k-€88k▲ 1.8%€96k▲ 9.6%€41k▼ 57.7%€144k▲ 253%
2020: €86k
2021: €88k▲ +1.8% vs 2020
2022: €96k▲ +9.6% vs 2021
2023: €41k▼ -57.7% vs 2022lowest in 5 years
2024: €144k▲ +253% vs 2023highest in 5 years
Net result€37k-€40k▲ 5.9%€45k▲ 14.0%€3k▼ 93.3%€73k▲ 2,332%
2020: €37k
2021: €40k▲ +5.9% vs 2020
2022: €45k▲ +14.0% vs 2021
2023: €3k▼ -93.3% vs 2022lowest in 5 years
2024: €73k▲ +2332% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 253% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.23M
Fixed assets
€2.11M ▲ 24.8%
Current assets
€19.12M ▼ 6.1%
Equity and liabilities €21.23M
Equity
€20.91M ▲ 0.4%
Debt
€313k ▼ 73.9%
Debt's share of the balance-sheet total falls from 5.4% to 1.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€159k▲
2023 · €101k
Cash flow
€88k▲
2023 · €63k
Current ratio
61.10▲
2023 · 33.99
Debt to equity
0.01▼
2023 · 0.06
ROE
0.3%▲
2023 · 0.0%
ROA
0.3%▲
2023 · 0.0%
Interest coverage
3.41▲
2023 · 2.91
Debt ≤ 1 year
€313k▼
2023 · €599k
Debt > 1 year
€0▼
2023 · €600k
Income taxes
€24k▲
2023 · €3k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€22.04M€21.23M▼
Fixed assets21/28€1.69M€2.11M▲
Tangible fixed assets22/27€489k€595k▲
Land and buildings22€484k€484k=
Furniture and vehicles24€6k€112k▲
Financial fixed assets28€1.20M€1.51M▲
Current assets29/58€20.35M€19.12M▼
Amounts receivable within one year40/41€43k€101k▲
Trade receivables40€27k€83k▲
Other amounts receivable41€17k€17k▲
Current investments50/53€250k€17.30M▲
Cash at bank and in hand54/58€20.05M€1.71M▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€22.04M€21.23M▼
Equity10/15€20.84M€20.91M▲
Contributions10/11€1.24M€1.24M=
Reserves13€19.60M€19.68M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Other1319€0-
Distributable reserves133€19.60M€19.68M▲
Profit (loss) carried forward14€9€6▼
Amounts payable17/49€1.20M€313k▼
Amounts payable after more than one year17€600k€0▼
Financial debts170/4€600k€0▼
Amounts payable within one year42/48€599k€313k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€59k€83k▲
Credit institutions430/8€59k€83k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Advances received on contracts in progress46€30k€63k▲
Taxes, remuneration and social security45€10k€35k▲
Taxes450/3€10k€35k▲
Other amounts payable47/48€495k€124k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€15k▼
Other operating charges640/8€2k€6k▲
Gross operating margin9900€103k€164k▲
Operating profit (loss)9901€41k€144k▲
Financial income75/76B€350€22▼
Recurring financial income75€350€22▼
Financial charges65/66B€35k€47k▲
Recurring financial charges65€35k€47k▲
Profit (loss) for the period before taxes9903€6k€97k▲
Income taxes67/77€3k€24k▲
Profit (loss) for the period9904€3k€73k▲
Profit (loss) for the period to be appropriated9905€3k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€73k▲
Profit (loss) brought forward from the previous period14P€6€9▲
Transfer to equity691/2€3k€73k▲
To other reserves6921€3k€73k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €26k | €27k | €60k | €15k | ▼ 75.4% |
| Other operating charges640/8 | - | €1k | €2k | €2k | €6k | ▲ 147% |
| Gross operating margin9900 | €114k | €115k | €125k | €103k | €164k | ▲ 59.4% |
| Operating profit (loss)9901 | €86k | €88k | €96k | €41k | €144k | ▲ 253% |
| Financial income75/76B | - | €0 | - | €350 | €22 | ▼ 93.7% |
| Recurring financial income75 | €68 | €0 | - | €350 | €22 | ▼ 93.7% |
| Financial charges65/66B | - | €25k | €25k | €35k | €47k | ▲ 34.6% |
| Recurring financial charges65 | €28k | €25k | €25k | €35k | €47k | ▲ 34.6% |
| Profit (loss) for the period before taxes9903 | €61k | €63k | €71k | €6k | €97k | ▲ 1,408% |
| Income taxes67/77 | €23k | €23k | €26k | €3k | €24k | ▲ 603% |
| Profit (loss) for the period9904 | €37k | €40k | €45k | €3k | €73k | ▲ 2,332% |
| Profit (loss) for the period to be appropriated9905 | €37k | €40k | €45k | €3k | €73k | ▲ 2,332% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.48M | €1.50M | €1.53M | €22.04M | €21.23M | ▼ 3.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1.28M | €1.23M | €1.20M | €1.69M | €2.11M | ▲ 24.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €79k | €29k | €3k | €489k | €595k | ▲ 21.7% |
| Land and buildings22 | - | - | - | €484k | €484k | = |
| Furniture and vehicles24 | - | €28k | €3k | €6k | €112k | ▲ 1,878% |
| Other tangible fixed assets26 | - | €1k | €0 | - | - | - |
| Financial fixed assets28 | €1.20M | €1.20M | €1.20M | €1.20M | €1.51M | ▲ 26.0% |
| Current assets29/58 | €225k | €272k | €331k | €20.35M | €19.12M | ▼ 6.1% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €31k | €17k | €32k | €43k | €101k | ▲ 132% |
| Trade receivables40 | - | €13k | €32k | €27k | €83k | ▲ 215% |
| Other amounts receivable41 | - | €4k | €0 | €17k | €17k | ▲ 2.0% |
| Current investments50/53 | €0 | - | €250k | €250k | €17.30M | ▲ 6,822% |
| Cash at bank and in hand54/58 | €220k | €251k | €45k | €20.05M | €1.71M | ▼ 91.5% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €4k | €4k | ▼ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.48M | €1.50M | €1.53M | €22.04M | €21.23M | ▼ 3.7% |
| Equity10/15 | €754k | €793k | €838k | €20.84M | €20.91M | ▲ 0.4% |
| Contributions10/11 | - | €650k | €650k | €1.24M | €1.24M | = |
| Reserves13 | €104k | €143k | €188k | €19.60M | €19.68M | ▲ 0.4% |
| Non-distributable reserves130/1 | - | €66k | €66k | €0 | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | €0 | - | - |
| Other1319 | - | €64k | €64k | €0 | - | - |
| Distributable reserves133 | - | €77k | €122k | €19.60M | €19.68M | ▲ 0.4% |
| Profit (loss) carried forward14 | €15 | €5 | €6 | €9 | €6 | ▼ 33.3% |
| Amounts payable17/49 | €753k | €708k | €696k | €1.20M | €313k | ▼ 73.9% |
| Amounts payable after more than one year17 | €653k | €615k | €600k | €600k | €0 | ▼ 100% |
| Financial debts170/4 | - | €615k | €600k | €600k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €100k | €93k | €96k | €599k | €313k | ▼ 47.7% |
| Current portion of amounts payable after more than one year42 | - | €19k | €15k | €0 | - | - |
| Financial debts43 | - | €24k | €24k | €59k | €83k | ▲ 42.3% |
| Credit institutions430/8 | - | €24k | €24k | €59k | €83k | ▲ 42.3% |
| Trade debts44 | €21k | €16k | €2k | €5k | €7k | ▲ 55.5% |
| Suppliers440/4 | - | €16k | €2k | €5k | €7k | ▲ 55.5% |
| Advances received on contracts in progress46 | - | - | - | €30k | €63k | ▲ 108% |
| Taxes, remuneration and social security45 | - | €12k | €15k | €10k | €35k | ▲ 266% |
| Taxes450/3 | - | €12k | €15k | €10k | €35k | ▲ 266% |
| Other amounts payable47/48 | - | €21k | €40k | €495k | €124k | ▼ 75.1% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €40k | €45k | €3k | €73k | ▲ 2,332% |
| + Depreciation and write-downs630 | €26k | €26k | €27k | €60k | €15k | ▼ 75.4% |
| Operating cash flow (approximation) | €64k | €66k | €72k | €63k | €88k | ▲ 39.1% |
| Investment in fixed assets (approximation) | - | €23k | €-1k | €-547k | €-433k | ▲ 20.7% |
| Change in cash | - | €31k | €-206k | €20.01M | €-18.34M | ▼ 192% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €73k ▲2,332%
Operating result €144k, net result €73k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼93.3%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 10current ratio 33.99
Current ratio from 3.45 to 33.99.
31-12
Financial
Equity above €10MEq €20.84M ▲2,386%
6 profitable years in a row build equity to €20.84M.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Lubbeek · 1 establishment unit since 2011
Ground area
7,226 m²
Building footprint
550 m²
Volume, LiDAR
1,674 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KaVa Ventures
since 20112.199.582.391
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063A0039/00Y003 | Flanders | 4,608 m² | 1 · 343 m² | - |
| 24090B0311/00A000 | Flanders | 2,618 m² | 1 · 207 m² | 12.0 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
549300QFGRUGEXM5HC51
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 223 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
Founded23-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
47811Retail sale of cars and light vans (up to 3.5 tonnes)
82300Organisation of conventions and trade shows
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.