KEV CONSTRUCT
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (5 days) Filed on 5 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00373958.
Equity
€109,081▼ 28.3%
2023 · €152,159
Total assets
€155,229▼ 7.9%
2023 · €168,511
Net result
€21,921▼ 37.6%
2023 · €35,110
Working capital
€109,081▼ 28.3%
2023 · €152,159
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result has fallen two years in a row; 2024 is 3% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€46,593
2024
Net result€21,921
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€155,229
2024
Equity€109,081
2024
Debt€46,148
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€109,081
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)14.1%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency70.3%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.36
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€49,417-€14,907▼ 69.8%€19,129▲ 28.3%€67,411▲ 252%€48,176▼ 28.5%€46,593▼ 3.3%
Net result€48,748-€10,767within the sector's middle half▼ 77.9%€15,185within the sector's middle half▲ 41.0%€49,199above the sector's middle half▲ 224%€35,110above the sector's middle half▼ 28.6%€21,921within the sector's middle half▼ 37.6%
Equity€54,948-€65,665within the sector's middle half▲ 19.5%€80,850within the sector's middle half▲ 23.1%€130,049above the sector's middle half▲ 60.9%€152,159above the sector's middle half▲ 17.0%€109,081within the sector's middle half▼ 28.3%
Total assets€54,948-€74,407within the sector's middle half▲ 35.4%€104,151within the sector's middle half▲ 40.0%€165,255within the sector's middle half▲ 58.7%€168,511within the sector's middle half▲ 2.0%€155,229within the sector's middle half▼ 7.9%
Debt€8,742€23,300▲ 167%€35,206▲ 51.1%€16,352▼ 53.6%€46,148▲ 182%
Working capital€64,330within the sector's middle half€80,765within the sector's middle half▲ 25.5%€123,292above the sector's middle half▲ 52.7%€152,159above the sector's middle half▲ 23.4%€109,081above the sector's middle half▼ 28.3%
Solvency100.0%-88.3%above the sector's middle half▼ 11.7pp77.6%above the sector's middle half▼ 10.6pp78.7%above the sector's middle half▲ 1.1pp90.3%above the sector's middle half▲ 11.6pp70.3%above the sector's middle half▼ 20.0pp
Current ratio8.36above the sector's middle half4.47above the sector's middle half▼ 3.894.50above the sector's middle half▲ 0.0410.31above the sector's middle half▲ 5.803.36above the sector's middle half▼ 6.94
Return on assets (ROA)88.7%-14.5%within the sector's middle half▼ 74.2pp14.6%within the sector's middle half▲ 0.1pp29.8%above the sector's middle half▲ 15.2pp20.8%above the sector's middle half▼ 8.9pp14.1%within the sector's middle half▼ 6.7pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €155,229
Equity
€109,081 ▼ 28.3%
Debt
€46,148 ▲ 182%
Debt's share of the balance-sheet total rises from 9.7% to 29.7%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.42▲
2023 · 0.11
ROE
20.1%▼
2023 · 23.1%
Debt ≤ 1 year
€46,148▲
2023 · €16,352
Income taxes
€24,452▲
2023 · €12,902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,352 | €1,165 | €1,250 | €328 | €2,333 | - | - |
| Other operating charges640/8 | - | - | - | €758 | €3,753 | €10,395 | ▲ 177% |
| Non-recurring operating charges66A | - | - | - | - | €1,119 | - | - |
| Gross operating margin9900 | €56,768 | €17,322 | €20,379 | €68,497 | €55,381 | €56,987 | ▲ 2.9% |
| Operating profit (loss)9901 | €49,417 | €14,907 | €19,129 | €67,411 | €48,176 | €46,593 | ▼ 3.3% |
| Financial income75/76B | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | €147 | €130 | €164 | €219 | ▲ 33.8% |
| Recurring financial charges65 | €669 | €100 | €147 | €130 | €164 | €219 | ▲ 33.8% |
| Profit (loss) for the period before taxes9903 | €48,748 | €14,807 | €18,982 | €67,281 | €48,012 | €46,373 | ▼ 3.4% |
| Income taxes67/77 | - | €4,040 | €3,796 | €18,082 | €12,902 | €24,452 | ▲ 89.5% |
| Profit (loss) for the period9904 | €48,748 | €10,767 | €15,185 | €49,199 | €35,110 | €21,921 | ▼ 37.6% |
| Profit (loss) for the period to be appropriated9905 | €48,748 | €10,767 | €15,185 | €49,199 | €35,110 | €21,921 | ▼ 37.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €54,948 | €74,407 | €104,151 | €165,255 | €168,511 | €155,229 | ▼ 7.9% |
| Fixed assets21/28 | €6,293 | €1,335 | €85 | €6,757 | - | - | - |
| Tangible fixed assets22/27 | €6,293 | €1,335 | €85 | €6,757 | - | - | - |
| Furniture and vehicles24 | - | - | €85 | €6,757 | - | - | - |
| Current assets29/58 | €48,655 | €73,072 | €104,065 | €158,498 | €168,511 | €155,229 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €9,452 | €59,030 | €72,305 | €140,819 | €164,323 | €149,338 | ▼ 9.1% |
| Trade receivables40 | - | - | €10,092 | €11,346 | €10,457 | €16,001 | ▲ 53.0% |
| Other amounts receivable41 | - | - | €62,213 | €129,473 | €153,866 | €133,338 | ▼ 13.3% |
| Cash at bank and in hand54/58 | €39,204 | €14,042 | €31,761 | €17,679 | €4,188 | €5,891 | ▲ 40.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €54,948 | €74,407 | €104,151 | €165,255 | €168,511 | €155,229 | ▼ 7.9% |
| Equity10/15 | €54,948 | €65,665 | €80,850 | €130,049 | €152,159 | €109,081 | ▼ 28.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €930 | €930 | €930 | €930 | €930 | €930 | = |
| Non-distributable reserves130/1 | - | - | €930 | €930 | €930 | €930 | = |
| Legal reserve130 | - | - | €930 | €930 | €930 | €930 | = |
| Profit (loss) carried forward14 | €47,818 | €58,535 | €73,720 | €122,919 | €145,029 | €101,951 | ▼ 29.7% |
| Amounts payable17/49 | - | €8,742 | €23,300 | €35,206 | €16,352 | €46,148 | ▲ 182% |
| Amounts payable within one year42/48 | - | €8,742 | €23,300 | €35,206 | €16,352 | €46,148 | ▲ 182% |
| Trade debts44 | - | €4,701 | €20,462 | €14,687 | €349 | €1,954 | ▲ 460% |
| Suppliers440/4 | - | - | €20,462 | €14,687 | €349 | €1,954 | ▲ 460% |
| Taxes, remuneration and social security45 | - | - | €2,838 | €20,519 | €16,003 | €44,195 | ▲ 176% |
| Taxes450/3 | - | - | €2,838 | €20,519 | €16,003 | €44,195 | ▲ 176% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,748 | €10,767 | €15,185 | €49,199 | €35,110 | €21,921 | ▼ 37.6% |
| + Depreciation and write-downs630 | €7,352 | €1,165 | €1,250 | €328 | €2,333 | - | - |
| Operating cash flow (approximation) | €56,100 | €11,932 | €16,435 | €49,527 | €37,443 | €21,921 | ▼ 41.5% |
| Investment in fixed assets (approximation) | - | €3,793 | -€0 | -€7,000 | - | - | - |
| Change in cash | - | -€25,162 | €17,719 | -€14,082 | -€13,491 | €1,703 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 05-08-2025 | 2025-00373958 |
| 31-12-2023 | micro format | 17-10-2024 | 2024-00509235 |
| 31-12-2022 | micro format | 05-08-2023 | 2023-00323964 |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20073952 |
| 31-12-2020 | micro format | 12-11-2021 | 2021-77500475 |
| 31-12-2019 | micro format | 14-08-2020 | 2020-41500596 |
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Of the 15,150 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,366. 6,183 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.