KEVA
ActiveSummary
KEVA has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €93,119. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+2
Solvency100=
Growth73▲+17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 4.63 against 6.78 in 2024; short-term debt: 1.5% and cash: 2.9% of total assets), and 12.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
87.1%
Return on assets
3.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
41 d late
2023
2 d early
2022
on the day
2021
44 d late
2020
25 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#9 oldest company in Genk, Real estate sector
Turnover
€268,550▲ 8.9%
2020 · €246,521
EBIT margin
66.0%▲ 6.0pp
2020 · 60.0%
Net result
€93,119▲ 103%
2024 · €45,918
Working capital
€139,720▼ 65.1%
2024 · €400,519
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€268,550▲ 8.9%
Operating result€177,371▲ 19.9%€144,645▼ 18.5%€118,698▼ 17.9%€73,279▼ 38.3%€116,322▲ 58.7%
Net result€151,590above the sector's middle half▲ 13.4%€121,629above the sector's middle half▼ 19.8%€70,143within the sector's middle half▼ 42.3%€45,918within the sector's middle half▼ 34.5%€93,119within the sector's middle half▲ 103%
EBIT margin66.0%▲ 6.0pp
Equity€1.9mabove the sector's middle half▲ 8.6%€2.0mabove the sector's middle half▲ 6.4%€2.1mabove the sector's middle half▲ 3.5%€2.1mabove the sector's middle half▲ 2.2%€2.2mwithin the sector's middle half▲ 4.3%
Total assets€2.3mwithin the sector's middle half▼ 2.9%€2.5mwithin the sector's middle half▲ 9.2%€2.4mwithin the sector's middle half▼ 1.7%€2.3mwithin the sector's middle half▼ 6.8%€2.6mwithin the sector's middle half▲ 13.0%
Debt€294,213▼ 42.0%€395,054▲ 34.3%€288,923▼ 26.9%€82,618▼ 71.4%€288,512▲ 249%
Working capital€60,984€331,482▲ 444%€493,576▲ 48.9%€400,519▼ 18.9%€139,720▼ 65.1%
Solvency84.0%above the sector's middle half▲ 8.9pp81.8%above the sector's middle half▼ 2.2pp86.1%above the sector's middle half▲ 4.3pp94.4%above the sector's middle half▲ 8.3pp87.1%above the sector's middle half▼ 7.2pp
Staff (FTE)1within the sector's middle half0.3below the sector's middle half▼ 70.0%1within the sector's middle half▲ 233%0.3within the sector's middle half▼ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 59% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.4m ▲ 32.5%
Current assets
€178,233 ▼ 62.1%
Equity and liabilities €2.6m
Equity
€2.2m ▲ 4.3%
Provisions
€42,808 ▼ 6.8%
Debt
€288,512 ▲ 249%
Debt's share of the balance-sheet total rises from 3.6% to 11.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€237,107▲
2024 · €207,479
Cash flow
€213,904▲
2024 · €180,118
Current ratio
4.63▼
2024 · 6.78
Debt to equity
0.13▲
2024 · 0.04
ROE
4.2%▲
2024 · 2.1%
ROA
3.6%▲
2024 · 2.0%
Interest coverage
25.47▼
2024 · 61.03
Debt ≤ 1 year
€38,512▼
2024 · €69,291
Debt > 1 year
€250,000▲
2024 · €1,946
Income taxes
€18,805▼
2024 · €37,028
Staff costs
€274▼
2024 · €7,615
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €268,550 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €109,787 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €7,194 | -€5,010 | €9,055 | €7,615 | €274 | ▼ 96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60,531 | €102,407 | €133,672 | €134,200 | €120,786 | ▼ 10.0% |
| Other operating charges640/8 | €5,654 | €6,964 | €8,582 | €14,403 | €6,007 | ▼ 58.3% |
| Gross operating margin9900 | €250,749 | €249,007 | €270,007 | €229,497 | €243,388 | ▲ 6.1% |
| Operating profit (loss)9901 | €177,371 | €144,645 | €118,698 | €73,279 | €116,322 | ▲ 58.7% |
| Financial income75/76B | €36,229 | €36,352 | €6,914 | €7,536 | €1,805 | ▼ 76.0% |
| Recurring financial income75 | €36,229 | €36,352 | €6,914 | €7,536 | €1,805 | ▼ 76.0% |
| Financial charges65/66B | €7,880 | €5,003 | €11,350 | €3,400 | €9,309 | ▲ 174% |
| Recurring financial charges65 | €7,880 | €5,003 | €11,350 | €3,400 | €9,309 | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €205,721 | €175,994 | €114,262 | €77,415 | €108,818 | ▲ 40.6% |
| Transfer from deferred taxes780 | €5,676 | €5,635 | €5,624 | €5,531 | €3,106 | ▼ 43.8% |
| Income taxes67/77 | €59,807 | €60,000 | €49,743 | €37,028 | €18,805 | ▼ 49.2% |
| Profit (loss) for the period9904 | €151,590 | €121,629 | €70,143 | €45,918 | €93,119 | ▲ 103% |
| Transfer from tax-exempt reserves789 | €17,027 | €16,906 | €16,871 | €16,593 | €9,318 | ▼ 43.8% |
| Profit (loss) for the period to be appropriated9905 | €168,617 | €138,535 | €87,014 | €62,511 | €102,437 | ▲ 63.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.5m | €2.4m | €2.3m | €2.6m | ▲ 13.0% |
| Fixed assets21/28 | €2.0m | €2.0m | €1.8m | €1.8m | €2.4m | ▲ 32.5% |
| Tangible fixed assets22/27 | €1.6m | €1.9m | €1.8m | €1.7m | €2.3m | ▲ 33.9% |
| Land and buildings22 | €1.4m | €1.7m | €1.6m | €1.5m | €1.7m | ▲ 12.5% |
| Plant, machinery and equipment23 | €6,051 | €23,911 | €20,381 | €35,706 | €32,900 | ▼ 7.9% |
| Furniture and vehicles24 | €101,227 | €100,162 | €99,437 | €111,075 | €110,255 | ▼ 0.7% |
| Other tangible fixed assets26 | €97,751 | €93,253 | €87,415 | €81,566 | €485,279 | ▲ 495% |
| Financial fixed assets28 | €420,463 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Current assets29/58 | €235,886 | €506,559 | €598,619 | €469,810 | €178,233 | ▼ 62.1% |
| Amounts receivable within one year40/41 | €66,781 | €140,188 | €66,508 | €79,207 | €97,224 | ▲ 22.7% |
| Trade receivables40 | €45,108 | €59,302 | €46,940 | €58,814 | €60,386 | ▲ 2.7% |
| Other amounts receivable41 | €21,673 | €80,886 | €19,568 | €20,392 | €36,838 | ▲ 80.6% |
| Cash at bank and in hand54/58 | €162,587 | €360,226 | €525,804 | €384,030 | €73,650 | ▼ 80.8% |
| Deferred charges and accrued income490/1 | €6,518 | €6,145 | €6,307 | €6,573 | €7,359 | ▲ 12.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.5m | €2.4m | €2.3m | €2.6m | ▲ 13.0% |
| Equity10/15 | €1.9m | €2.0m | €2.1m | €2.1m | €2.2m | ▲ 4.3% |
| Contributions10/11 | €563,840 | €563,840 | €563,840 | €563,840 | €563,840 | = |
| Capital10 | €563,840 | €563,840 | €563,840 | €563,840 | €563,840 | = |
| Issued capital100 | €563,840 | €563,840 | €563,840 | €563,840 | €563,840 | = |
| Reserves13 | €265,399 | €248,494 | €231,623 | €215,030 | €205,712 | ▼ 4.3% |
| Non-distributable reserves130/1 | €56,384 | €56,384 | €56,384 | €56,384 | €56,384 | = |
| Legal reserve130 | €56,384 | €56,384 | €56,384 | €56,384 | €56,384 | = |
| Tax-exempt reserves132 | €209,015 | €192,110 | €175,239 | €158,646 | €149,328 | ▼ 5.9% |
| Profit (loss) carried forward14 | €1.1m | €1.2m | €1.3m | €1.4m | €1.5m | ▲ 7.5% |
| Provisions and deferred taxes16 | €70,672 | €57,068 | €51,444 | €45,914 | €42,808 | ▼ 6.8% |
| Provisions for liabilities and charges160/5 | €7,969 | - | - | - | - | - |
| Pensions and similar obligations160 | €7,969 | - | - | - | - | - |
| Deferred taxes168 | €62,703 | €57,068 | €51,444 | €45,914 | €42,808 | ▼ 6.8% |
| Amounts payable17/49 | €294,213 | €395,054 | €288,923 | €82,618 | €288,512 | ▲ 249% |
| Amounts payable after more than one year17 | €116,208 | €219,730 | €179,819 | €1,946 | €250,000 | ▲ 12,744% |
| Financial debts170/4 | €116,208 | €219,730 | €179,819 | €1,946 | €250,000 | ▲ 12,744% |
| Amounts payable within one year42/48 | €174,902 | €175,077 | €105,044 | €69,291 | €38,512 | ▼ 44.4% |
| Current portion of amounts payable after more than one year42 | €71,079 | €85,150 | €39,909 | €23,212 | €1,945 | ▼ 91.6% |
| Trade debts44 | €13,914 | €25,732 | €8,120 | €10,011 | €15,764 | ▲ 57.5% |
| Suppliers440/4 | €13,914 | €25,732 | €8,120 | €10,011 | €15,764 | ▲ 57.5% |
| Taxes, remuneration and social security45 | €42,466 | €36,983 | €46,680 | €36,069 | €20,804 | ▼ 42.3% |
| Taxes450/3 | €40,320 | €34,327 | €42,796 | €33,221 | €18,940 | ▼ 43.0% |
| Remuneration and social security454/9 | €2,145 | €2,656 | €3,884 | €2,848 | €1,864 | ▼ 34.5% |
| Other amounts payable47/48 | €47,444 | €27,212 | €10,334 | - | - | - |
| Accrued charges and deferred income492/3 | €3,103 | €248 | €4,061 | €11,381 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €151,590 | €121,629 | €70,143 | €45,918 | €93,119 | ▲ 103% |
| + Depreciation and write-downs630 | €60,531 | €102,407 | €133,672 | €134,200 | €120,786 | ▼ 10.0% |
| Operating cash flow (approximation) | €212,120 | €224,036 | €203,815 | €180,118 | €213,904 | ▲ 18.8% |
| Investment in fixed assets (approximation) | - | -€40,600 | €0 | -€97,091 | -€708,270 | ▼ 629% |
| Change in cash | - | €197,639 | €165,578 | -€141,774 | -€310,380 | ▼ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
31-12
Financial
Weakest financial yearnet €45,918 ▼34.5%
Net result drops to €45,918, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.89
Current ratio from 1.35 to 2.89.
31-12
Financial
Equity above €2mEq €2.0m ▲6.4%
5 profitable years in a row build equity to €2.0m.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 44 days late
2021
31-12
Financial
Highest result since 2018net €151,590 ▲13.4%
Operating result €177,371, net result €151,590, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.35
Current ratio from 0.66 to 1.35; short-term debt falls from €313,468 to €174,902.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
15-01
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
Show earlier events
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 90 days late
2018
06-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
02-02
State Gazette act
General meeting · Capital
Statutes amendment · Director resignation
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
11-07
State Gazette act
General meeting · Auditor reappointment
Permanent representative · Director reappointment
2015
24-09
State Gazette act
General meeting · Director appointment
Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Genk · 4 establishment units since 1995
Ground area
1.6 ha
Building footprint
3,199 m²
Volume, LiDAR
18,134 m³
4 parcels, Flanders · tallest building 23.2 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
4 establishment units
KEVA NV
since 19952.013.809.080
KEVA nv
since 20102.191.176.550
KEVA nv
since 20102.191.177.045
KEVA nv
since 20192.312.037.857
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F0965/00E010 | Flanders | 1.1 ha | 1 · 2,233 m² | 9.6 m · 3 fl. |
| 71304E0724/00K011 | Flanders | 2,365 m² | 1 · 509 m² | - |
| 71582E0374/00C008 | Flanders | 2,269 m² | 1 · 282 m² | 8.6 m · 1 fl. |
| 31013A0676/00A000 | Flanders | 214 m² | 1 · 175 m² | 23.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 owners · 1 holdingOwners 2
-
49.93%
-
49.93%
Holdings 1
-
50%
According to the 2025 annual accounts of KEVA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
40 locations
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-08-1977
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
46500Wholesale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417391691
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.