KEVANCO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of KEVANCO is 0.1% (very low). The 2023 annual accounts show equity of €131k and a net result of €43k. Equity is growing by ~44.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 3996 sector peers (fiscal year 2023). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

Insufficient current data: the most recent filed accounts (financial year 2023) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 30-06-2024 was due at the National Bank by 31-01-2025. Nothing is on record today, 576 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Latest accounts filed on time

The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 26-12-2023, 36 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 9 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2023, that is 31-01-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	nothing on record	not filed	-
30-06-2024	31-01-2025	nothing on record	not filed	-
30-06-2023	31-01-2024	26-12-2023	36 d early	2023-00536834
30-06-2022	31-01-2023	24-01-2023	7 d early	2023-00002511
30-06-2021	31-01-2022	21-01-2022	10 d early	2022-01400307
30-06-2020	31-01-2021	27-01-2021	4 d early	2021-01800512
30-06-2019	31-01-2020	13-01-2020	18 d early	2020-00800007
30-06-2018	31-01-2019	29-01-2019	2 d early	2019-02500246
30-06-2017	31-01-2018	30-12-2017	32 d early	2017-73400592
30-06-2016	31-01-2017	28-12-2016	34 d early	2016-71400116
30-06-2015	31-01-2016	27-12-2015	35 d early	2015-70300524

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Lower-risk legal form −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€43k+5.1%

Working capital€16k+23.4%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 26-12-2023 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~44.2%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 69, Legal & accounting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	35.1%	58.2%	better than 27% of 3996 sector peers
Net result	€43k	€29k	better than 65% of 3994 sector peers
Equity	€131k	€50k	better than 80% of 3998 sector peers
Gross operating margin	€83k	€49k	better than 71% of 3988 sector peers
Total assets	€373k	€104k	better than 87% of 3998 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P27

Weakening position over 2020-2023 · n=590-3996

Net result P65

Improving position over 2020-2023 · n=589-3994

Equity P80

Improving position over 2020-2023 · n=591-3998

Gross operating margin P71

Improving position over 2020-2023 · n=588-3988

Describes the position versus peers, not a forecast.

EBITDA

€81k

+19.9% 19-23

Net profit

€43k

+5.1% 19-23

Cash flow

€57k

+26.9% 19-23

Total assets

€373k

+38.9% 19-23

Equity

€131k

+36.6% 19-23

Working capital

€16k

+23.4% 19-23

Income taxes

€22k

+0.7% 19-23

Dividends

€8k

+897.4% 19-23

Show 10 other metrics

Debt

€242k

+40.2% 19-23

Debt ≤ 1y

€79k

+38.4% 19-23

Debt > 1y

€164k

+41.0% 19-23

Current ratio

1.20

-2.0% 19-23

Quick ratio

1.20

-2.0% 19-23

Solvency

35.1%

-1.6% 19-23

Debt / equity

1.85

+2.6% 19-23

ROE

32.9%

-23.1% 19-23

ROA

11.5%

-24.3% 19-23

Interest coverage

36.47

-46.0% 19-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€81k
Net profit	€43k
Cash flow	€57k
Staff costs	-
Income taxes	€22k
Dividends	€8k
Total assets	€373k
Equity	€131k
Debt	€242k
of which ≤ 1y	€79k
of which > 1y	€164k
Working capital	€16k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.20
Quick ratio	1.20
Working capital ratio	4.2%
Solvency	35.1%
Debt / equity	1.85
Long-term debt ratio	1.25
Interest coverage	36.47
Gross margin	-
Net margin	-
ROA	11.5%
ROE	32.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €279k · 74.7% Current assets €94k · 25.3%

Equity & liabilities

Equity €131k · 35.1% Debt €242k · 64.9%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€373k
Fixed assets	21/28	€279k
Tangible fixed assets	22/27	€61k
Financial fixed assets	28	€219k
Current assets	29/58	€94k
Amounts receivable within one year	40/41	€44k
Cash & bank	54/58	€49k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€373k
Equity	10/15	€131k
Contributions / capital	10/11	€13k
Reserves	13	€118k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€242k
Amounts payable after one year	17	€164k
Amounts payable within one year	42/48	€79k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€83k
Operating result	9901	€67k
Financial income	75	€20
Financial charges	65	€2k
Result before taxes	9903	€65k
Income taxes	67/77	€22k
Net result for the period	9904	€43k
Result to be appropriated	9905	€43k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

89 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Prinsenstraat(STE) 13, 9190 Stekene

Activiteiten van (gecertificeerde) (fiscaal) accountants

since 20082.195.593.515

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,505 m²

Buildings1

Building footprint181 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46322C1030/00D000	Flanders	1,505 m²	1 · 181 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.