KAVEL 78
ActiveKAVEL 78 has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.03M and a net result of €194k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+32
Solvency89▲+5
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 3.19 against 1.79 in 2024), but 55.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
44.1%
Return on assets
4.2%
Age of the figures
8 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 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
27 d late
2023
27 d late
2022
3 d early
2021
29 d late
2020
31 d late
2019
19 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€194k▲ 229%
2024 · €59k
2018: €341k
2019: €348k
2020: €74k
2021: €248k
2022: €395k
2023: €269k
2024: €59k
2018 → 2025
Working capital
€3.16M▲ 72.1%
2024 · €1.84M
2018: €438k
2019: €786k
2020: €872k
2021: €1.12M
2022: €1.51M
2023: €1.78M
2024: €1.84M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.11M-€1.51M▲ 35.4%€1.78M▲ 17.8%€1.84M▲ 3.3%€2.03M▲ 10.5%
Operating result€339k-€538k▲ 58.6%€371k▼ 31.0%€67k▼ 81.9%€327k▲ 387%
Net result€248k-€395k▲ 59.0%€269k▼ 31.9%€59k▼ 78.1%€194k▲ 229%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 387% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €4.61M
Equity
€2.03M▲ 10.5%
Debt
€2.58M▲ 10.5%
The debt ratio stays at 55.9%.
Key figures and ratios
Solvency
44.1%=
2024 · 44.1%
Current ratio
3.19▲
2024 · 1.79
Quick ratio
1.23▲
2024 · 0.27
Debt / equity
1.27=
2024 · 1.27
ROE
9.5%▲
2024 · 3.2%
ROA
4.2%▲
2024 · 1.4%
Debt
€2.58M▲
2024 · €2.33M
Debt ≤ 1 year
€1.44M▼
2024 · €2.33M
Debt > 1 year
€1.05M
Income taxes
€65k▲
2024 · €20k
Staff costs
€12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.17M€4.61M▲
Current assets29/58€4.17M€4.61M▲
Stocks and contracts in progress3€3.53M€2.83M▼
Stocks30/36€3.53M€2.83M▼
Amounts receivable within one year40/41€538k€1.52M▲
Other amounts receivable41€538k€1.52M▲
Cash at bank and in hand54/58€96k€258k▲
Equity and liabilities
Total equity and liabilities10/49€4.17M€4.61M▲
Equity10/15€1.84M€2.03M▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€1.77M€1.97M▲
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Distributable reserves133€1.75M€1.94M▲
Amounts payable17/49€2.33M€2.58M▲
Amounts payable after more than one year17-€1.05M
Financial debts170/4-€1.05M
Amounts payable within one year42/48€2.33M€1.44M▼
Current portion of amounts payable after more than one year42€2.23M€1.37M▼
Trade debts44€98k€67k▼
Suppliers440/4€98k€67k▼
Taxes, remuneration and social security45€0€7k▲
Taxes450/3€0€3k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€86€80k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€12k
Other operating charges640/8€7k€34k▲
Gross operating margin9900€74k€373k▲
Operating profit (loss)9901€67k€327k▲
Financial income75/76B€17k€15k▼
Recurring financial income75€17k€15k▼
Financial charges65/66B€5k€84k▲
Recurring financial charges65€5k€84k▲
Profit (loss) for the period before taxes9903€79k€258k▲
Income taxes67/77€20k€65k▲
Profit (loss) for the period9904€59k€194k▲
Profit (loss) for the period to be appropriated9905€59k€194k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€194k▲
Transfer to equity691/2€59k€194k▲
To other reserves6921€59k€194k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Equity above €2MEq €2.03M ▲10.5%
8 profitable years in a row build equity to €2.03M.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €59k ▼78.1%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €395k ▲59%
Operating result €538k, net result €395k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Equity above €1MEq €1.11M ▲28.7%
4 profitable years in a row build equity to €1.11M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
31-12
Financial
Equity above €500kEq €792k ▲78.3%
2 profitable years in a row build equity to €792k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Beringen · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vurtense Schansstraat 433582 BeringenGround area
1,960 m²
Building footprint
185 m²
Parcel 71522C0444/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Kavel 78
since 20142.236.300.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522C0444/00G000 | Flanders | 1,960 m² | 1 · 185 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
VERSA
BE 0457.988.171
Brecht · Eq €2.03M
ACTIVIX
BE 0666.661.895
Celles (lez-Tournai) · Eq €2.03M
TIBFIN
BE 0762.875.997
Gent · Eq €2.03M
Construction Invest Europe
BE 0732.919.231
Brugge · Eq €2.03M
HIMASTE
BE 0443.252.881
Temse · Eq €2.04M
Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 2,954 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-10-2014
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:011/23.56.00