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KDVgyn

Active
Private limited companyfounded 2023active for 3 yearsPaalsteenstraat 66, 3500 Hasselt, BelgiumKBO/BCE: BE 0804.435.747

From the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

KDVgyn has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,028 and a net result of €92,939. The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

Download PDF
Financial year ended
31-12-2025
Filed on
21-01-2026
Format
micro format
Reference
2026-00010944
Turnover
≈ €330,000
Estimated: probably between €220,000 and €510,000
Total assets
€179,489▲ 119%
2024 · €82,082
Net result
€92,939▲ 303%
2024 · €23,089
Working capital
€110,736▲ 527%
2024 · €17,670
Trend over the years

2024 to 2025, 2 financial years

The operating result for 2025 is over 3.5 times that of 2024.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result€120,333 2025 Net result€92,939 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€34,029-€120,333▲ 254%
Net result€23,089-€92,939▲ 303%
Equity€28,089-€121,028▲ 331%
Total assets€82,082-€179,489▲ 119%
Debt€53,993-€58,461▲ 8.3%
Working capital€17,670-€110,736▲ 527%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179,489
Fixed assets €30,924 ▼ 27.6%
Current assets €148,566 ▲ 278%
Equity and liabilities €179,489
Equity €121,028 ▲ 331%
Debt €58,461 ▲ 8.3%
Debt's share of the balance-sheet total falls from 65.8% to 32.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€132,137▲
2024 · €49,778
Cash flow
€104,744▲
2024 · €38,838
Current ratio
3.93▲
2024 · 1.81
Debt to equity
0.48▼
2024 · 1.92
ROE
76.8%▼
2024 · 82.2%
ROA
51.8%▲
2024 · 28.1%
Interest coverage
73.53▲
2024 · 15.13
Debt ≤ 1 year
€37,829▲
2024 · €21,683
Debt > 1 year
€20,632▼
2024 · €32,310
Income taxes
€25,896▲
2024 · €7,649
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as KDVgyn has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of KDVgyn itself is lower: 0.2% within 12 months. It rests on far more data about KDVgyn than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for KDVgyn. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines

Source: Annual accounts 2025 (PDF), filed on 21-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€82,082€179,489▲
Fixed assets21/28€42,728€30,924▼
Tangible fixed assets22/27€42,728€30,924▼
Furniture and vehicles24€42,728€30,924▼
Current assets29/58€39,353€148,566▲
Amounts receivable after more than one year29-€10,000
Other amounts receivable291-€10,000
Current investments50/53€7,000€18,904▲
Cash at bank and in hand54/58€32,353€119,662▲
Equity and liabilities
Total equity and liabilities10/49€82,082€179,489▲
Equity10/15€28,089€121,028▲
Contributions10/11€5,000€5,000=
Contributions outside capital11€5,000-
Other1109/19€5,000-
Reserves13€23,089€116,028▲
Distributable reserves133€23,089€116,028▲
Amounts payable17/49€53,993€58,461▲
Amounts payable after more than one year17€32,310€20,632▼
Financial debts170/4€32,310€20,632▼
Amounts payable within one year42/48€21,683€37,829▲
Current portion of amounts payable after more than one year42€11,180€11,678▲
Trade debts44-€113
Suppliers440/4-€113
Taxes, remuneration and social security45€7,649€25,896▲
Taxes450/3€7,649€25,896▲
Other amounts payable47/48€2,854€141▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,749€11,805▼
Other operating charges640/8€582€190▼
Gross operating margin9900€50,359€132,327▲
Operating profit (loss)9901€34,029€120,333▲
Financial income75/76B-€300
Recurring financial income75-€300
Financial charges65/66B€3,291€1,797▼
Recurring financial charges65€3,291€1,797▼
Profit (loss) for the period before taxes9903€30,738€118,836▲
Income taxes67/77€7,649€25,896▲
Profit (loss) for the period9904€23,089€92,939▲
Profit (loss) for the period to be appropriated9905€23,089€92,939▲
Appropriation of the result
Profit (loss) to be appropriated9906€23,089€92,939▲
Transfer to equity691/2€23,089€92,939▲
To other reserves6921€23,089€92,939▲

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,749€11,805▼ 25.0%
Other operating charges640/8€582€190▼ 67.4%
Gross operating margin9900€50,359€132,327▲ 163%
Operating profit (loss)9901€34,029€120,333▲ 254%
Financial income75/76B-€300-
Recurring financial income75-€300-
Financial charges65/66B€3,291€1,797▼ 45.4%
Recurring financial charges65€3,291€1,797▼ 45.4%
Profit (loss) for the period before taxes9903€30,738€118,836▲ 287%
Income taxes67/77€7,649€25,896▲ 239%
Profit (loss) for the period9904€23,089€92,939▲ 303%
Profit (loss) for the period to be appropriated9905€23,089€92,939▲ 303%
Line20242025Change
Assets
Total assets20/58€82,082€179,489▲ 119%
Fixed assets21/28€42,728€30,924▼ 27.6%
Tangible fixed assets22/27€42,728€30,924▼ 27.6%
Furniture and vehicles24€42,728€30,924▼ 27.6%
Current assets29/58€39,353€148,566▲ 278%
Amounts receivable after more than one year29-€10,000-
Other amounts receivable291-€10,000-
Current investments50/53€7,000€18,904▲ 170%
Cash at bank and in hand54/58€32,353€119,662▲ 270%
Equity and liabilities
Total equity and liabilities10/49€82,082€179,489▲ 119%
Equity10/15€28,089€121,028▲ 331%
Contributions10/11€5,000€5,000=
Contributions outside capital11€5,000--
Other1109/19€5,000--
Reserves13€23,089€116,028▲ 403%
Distributable reserves133€23,089€116,028▲ 403%
Amounts payable17/49€53,993€58,461▲ 8.3%
Amounts payable after more than one year17€32,310€20,632▼ 36.1%
Financial debts170/4€32,310€20,632▼ 36.1%
Amounts payable within one year42/48€21,683€37,829▲ 74.5%
Current portion of amounts payable after more than one year42€11,180€11,678▲ 4.5%
Trade debts44-€113-
Suppliers440/4-€113-
Taxes, remuneration and social security45€7,649€25,896▲ 239%
Taxes450/3€7,649€25,896▲ 239%
Other amounts payable47/48€2,854€141▼ 95.0%
Line20242025Change
Profit (loss) for the period9904€23,089€92,939▲ 303%
+ Depreciation and write-downs630€15,749€11,805▼ 25.0%
Operating cash flow (approximation)€38,838€104,744▲ 170%
Investment in fixed assets (approximation)-€0-
Change in cash-€87,308-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 21-01-2026 2026-00010944 PDF
31-12-2024 micro format 19-02-2025 2025-00036282 PDF

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.