KERVAN & CO
ActiveKERVAN & CO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €16k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-16
Solvency58▼-13
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.87 in 2024; short-term debt: 22.3% and cash: 12.2% of total assets), and 66.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
33.3%
Return on assets
6.7%
Age of the figures
9 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 03-09-2026, 34 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
34 d late
2024
28 d late
2023
30 d late
2022
16 d early
2021
29 d late
2020
31 d late
2019
122 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€289k▲ 39.2%
2024 · €208k
2018: €400k
2019: €294k
2020: €83k
2021: €116k
2022: €262k
2023: €233k
2024: €208k
2018 → 2025
EBIT margin
6.2%▼ 8.8pp
2024 · 15.0%
2018: 4.1%
2019: -0.9%
2020: 26.7%
2021: 11.3%
2022: 3.8%
2023: 7.2%
2024: 15.0%
2018 → 2025
Net result
€16k▼ 23.8%
2024 · €21k
2018: €7k
2019: €265
2020: €17k
2021: €14
2022: €26k
2023: €-23k
2024: €21k
2018 → 2025
Working capital
€15k▼ 66.3%
2024 · €45k
2018: €16k
2019: €21k
2020: €10k
2021: €-52k
2022: €33k
2023: €42k
2024: €45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€116k-€262k▲ 126%€233k▼ 11.1%€208k▼ 11.0%€289k▲ 39.2%
Equity€41k-€66k▲ 63.4%€43k▼ 35.0%€64k▲ 48.9%€80k▲ 25.0%
Operating result€13k-€10k▼ 23.6%€17k▲ 67.7%€31k▲ 85.8%€18k▼ 42.6%
Net result€14-€26k▲ 182,626%€-23k€21k€16k▼ 23.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240k
Fixed assets
€172k▲ 284%
Current assets
€69k▼ 28.4%
Equity and liabilities €240k
Equity
€80k▲ 25.0%
Debt
€160k▲ 109%
The debt ratio rises from 54.4% to 66.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▼
2024 · €37k
Cash flow
€29k▲
2024 · €27k
Solvency
33.3%▼
2024 · 45.6%
Current ratio
1.28▼
2024 · 1.87
Quick ratio
0.83▼
2024 · 1.07
Debt / equity
2.00▲
2024 · 1.19
ROE
20.0%▼
2024 · 32.8%
ROA
6.7%▼
2024 · 15.0%
Interest coverage
10.08▼
2024 · 29.79
Debt
€160k▲
2024 · €76k
Debt ≤ 1 year
€54k▲
2024 · €51k
Debt > 1 year
€107k▲
2024 · €25k
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€141k€240k▲
Fixed assets21/28€45k€172k▲
Tangible fixed assets22/27€36k€153k▲
Furniture and vehicles24€36k€28k▼
Leasing and similar rights25-€125k
Financial fixed assets28€9k€19k▲
Current assets29/58€96k€69k▼
Stocks and contracts in progress3€41k€24k▼
Stocks30/36€41k€24k▼
Amounts receivable within one year40/41€41k€15k▼
Trade receivables40€18k€11k▼
Other amounts receivable41€23k€4k▼
Cash at bank and in hand54/58€13k€29k▲
Equity and liabilities
Total equity and liabilities10/49€141k€240k▲
Equity10/15€64k€80k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€44k€60k▲
Amounts payable17/49€76k€160k▲
Amounts payable after more than one year17€25k€107k▲
Financial debts170/4€16k€98k▲
Other amounts payable178/9€9k€9k=
Amounts payable within one year42/48€51k€54k▲
Current portion of amounts payable after more than one year42€10k€30k▲
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Advances received on contracts in progress46€21k-
Taxes, remuneration and social security45€13k€8k▼
Taxes450/3€7k€8k▲
Remuneration and social security454/9€5k-
Other amounts payable47/48-€13k
Income statement
Code20242025
Turnover70€208k€289k▲
Non-recurring operating income76A-€5k
Goods, raw materials, services and sundry goods60/61€168k€243k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€13k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€19k
Gross operating margin9900€39k€51k▲
Operating profit (loss)9901€31k€18k▼
Financial income75/76B€53€1k▲
Recurring financial income75€11€4▼
Non-recurring financial income76B€42€1k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€1k€3k▲
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€29k€16k▼
Income taxes67/77€8k-
Profit (loss) for the period9904€21k€16k▼
Profit (loss) for the period to be appropriated9905€21k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€60k▲
Profit (loss) brought forward from the previous period14P€23k€44k▲
The notes to these accounts (7 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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-23k ▼190%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.12
Current ratio from 1.46 to 3.12; short-term debt falls from €72k to €20k.
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €26k ▲182626%
Net result €26k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.46
Current ratio from 0.43 to 1.46; short-term debt falls from €91k to €72k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 5 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 192 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Duffel · 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.
Hermansstraat 192570 DuffelGround area
2.2 ha
Building footprint
518 m²
Volume, LiDAR
381 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kervan & Co
since 20142.227.178.297
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12009E0645/00A000 | Flanders | 2.1 ha | 1 · 451 m² | - |
| 12404G0480/00Y004 | Flanders | 139 m² | 1 · 66 m² | 8.9 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.
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Of 10,674 companies in sector 47811 we hold annual accounts for 5,223. 3,546 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2014
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
52210Service activities incidental to land transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.