KAVELCO

Open bankruptcy

Private limited company (pre-2019)founded 1987Lintsesteenweg 92, 2500 Lier, BelgiumKBO/BCE: BE 0431.681.276

A bankruptcy procedure is open for KAVELCO according to publications in the Belgian State Gazette; curator: KRISTIN VAN HOCHT. The 2022 annual accounts show equity of €196k and a net result of €49k.

Watch Print / PDF

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-09-2023, 55 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

not confirmed

2024

not filed

2023

not filed

2022

55 d late

2021

31 d late

2020

12 d late

2019

56 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2022, micro schema

Equity

€196k▲ 13.8%

2021 · €172k

2018: €80k 2019: €108k 2020: €144k 2021: €172k

2018 → 2022

Total assets

€299k▲ 29.6%

2021 · €231k

2018: €171k 2019: €182k 2020: €198k 2021: €231k

2018 → 2022

Net result

€49k▲ 77.3%

2021 · €28k

2018: €12k 2019: €29k 2020: €36k 2021: €28k

2018 → 2022

Working capital

€196k▲ 14.8%

2021 · €170k

2018: €74k 2019: €104k 2020: €144k 2021: €170k

2018 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019202020212022Trend

Equity€80k-€108k▲ 35.8%€144k▲ 33.7%€172k▲ 19.1%€196k▲ 13.8%

Operating result€21k-€55k▲ 168%€52k▼ 6.2%€39k▼ 24.0%€60k▲ 52.6%

Net result€12k-€29k▲ 138%€36k▲ 24.2%€28k▼ 24.4%€49k▲ 77.3%

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 2022; 2022 is 53% above 2021 and is the highest year so far.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Equity and liabilities €299k

65.4%

34.6%

Equity €196k▲ 13.8%

Debt €104k▲ 75.7%

The debt ratio rises from 25.5% to 34.6%: debt grows faster than equity.

Key figures and ratios

2022 value · change against 2021

EBITDA

€61k▲

2021 · €40k

Cash flow

€50k▲

2021 · €28k

Solvency

65.4%▼

2021 · 74.5%

Current ratio

2.89▼

2021 · 3.89

Quick ratio

2.89▼

2021 · 3.89

Debt / equity

0.53▲

2021 · 0.34

ROE

24.9%▲

2021 · 16.0%

ROA

16.3%▲

2021 · 11.9%

Interest coverage

11.43▲

2021 · 10.30

Debt

€104k▲

2021 · €59k

Debt ≤ 1 year

€104k▲

2021 · €59k

Income taxes

€6k▼

2021 · €8k

Staff costs

€105k▼

2021 · €126k

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 · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€231k€299k▲

Fixed assets21/28€2k-

Tangible fixed assets22/27€2k-

Furniture and vehicles24€2k-

Current assets29/58€229k€299k▲

Amounts receivable within one year40/41€172k€299k▲

Trade receivables40€112k€117k▲

Other amounts receivable41€60k€182k▲

Cash at bank and in hand54/58€57k€110▼

Equity and liabilities

Total equity and liabilities10/49€231k€299k▲

Equity10/15€172k€196k▲

Contributions10/11€19k€19k=

Reserves13€126k€126k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€124k€124k=

Profit (loss) carried forward14€28k€51k▲

Amounts payable17/49€59k€104k▲

Amounts payable within one year42/48€59k€104k▲

Current portion of amounts payable after more than one year42-€6k

Financial debts43€3k€43k▲

Credit institutions430/8€3k€43k▲

Trade debts44€22k€5k▼

Suppliers440/4€22k€5k▼

Taxes, remuneration and social security45€33k€9k▼

Taxes450/3€20k€1k▼

Remuneration and social security454/9€13k€8k▼

Other amounts payable47/48-€41k

Income statement Code20212022

Remuneration, social security and pensions62€126k€105k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€849€2k▲

Other operating charges640/8€700€750▲

Gross operating margin9900€166k€168k▲

Operating profit (loss)9901€39k€60k▲

Financial income75/76B€184€2▼

Recurring financial income75€184€2▼

Financial charges65/66B€4k€5k▲

Recurring financial charges65€4k€5k▲

Profit (loss) for the period before taxes9903€36k€55k▲

Income taxes67/77€8k€6k▼

Profit (loss) for the period9904€28k€49k▲

Profit (loss) for the period to be appropriated9905€28k€49k▲

Appropriation of the result

Profit (loss) to be appropriated9906€28k€76k▲

Profit (loss) brought forward from the previous period14P-€28k

Profit to be distributed694/7-€25k

Directors or managers695-€25k

Social balance

Average headcount (FTE)90872.0-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Signals 1Financial 3Filings 10

2024

05-07

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Mechelen · KAVELCO BVBA LINTSE- STEENWEG 92/B, 2500 LIER · event 01-07-2024

2023

24-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 55 days late

2022

31-12

Financial Highest result since 2018net €49k ▲77.3%

Operating result €60k, net result €49k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 31 days late

2021

31-12

Financial Equity above €150kEq €172k ▲19.1%

4 profitable years in a row build equity to €172k.

12-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 12 days late

2020

25-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 56 days late

2019

31-12

Financial Equity above €100kEq €108k ▲35.8%

2 profitable years in a row build equity to €108k.

22-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

26-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

07-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 7 days late

2016

28-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

22-07

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

13-08

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 13 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Lier · 1 establishment unit since 1987

establishment The establishment unit on the map

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.

Lintsesteenweg 922500 Lier

Ground area

2,594 m²

Building footprint

560 m²

Volume, LiDAR

2,704 m³

2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Advizier

Kerkstraat 13, 2640 MortselNACE 74121

since 19872.029.833.876

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12393F0414/00H000	Flanders	1,991 m²	1 · 321 m²	9.2 m · 1 fl.
11513C0345/00A002 ProtectedCultural-historical landscapeParochiekerk Sint-Benedictus met kerkhof en omgevingSource ↗	Flanders	604 m²	1 · 239 m²	10.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	KRISTIN VAN HOCHT KONINGIN ASTRIDLAAN 77, 2800 MECHELEN- . Co-Curator: GUY HENDRICKX, ZUUT 6, 2500 LIER- guy.hendrickx@portablu.be	01-07-2024 → present