KEVAR
ActiveKEVAR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €243k and a net result of €6k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 1696 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+56
Solvency91▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity short (current ratio 0.35 against 0.31 in 2023; short-term debt: 33.1% and cash: 0.6% of total assets), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
65.9%
Return on assets
1.7%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 145 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-04-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
4 d early
2022
7 d early
2021
2 d early
2020
on the day
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€243k▲ 2.6%
2023 · €236k
2018: €63k
2019: €203k
2020: €181k
2021: €169k
2022: €248k
2023: €236k
2018 → 2024
Total assets
€368k▼ 0.5%
2023 · €370k
2018: €381k
2019: €501k
2020: €386k
2021: €378k
2022: €374k
2023: €370k
2018 → 2024
Net result
€6k
2023 · €-12k
2018: €-22k
2019: €-39k
2020: €-22k
2021: €-12k
2022: €79k
2023: €-12k
2018 → 2024
Working capital
€-80k▲ 11.3%
2023 · €-90k
2018: €-104k
2019: €-140k
2020: €-159k
2021: €-167k
2022: €-84k
2023: €-90k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€181k-€169k▼ 6.6%€248k▲ 46.6%€236k▼ 4.7%€243k▲ 2.6%
Operating result€-22k-€-12k▲ 43.8%€79k€-11k€7k
Net result€-22k-€-12k▲ 45.4%€79k€-12k€6k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7k after a loss of €11k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €368k
Fixed assets
€326k▼ 1.1%
Current assets
€42k▲ 3.9%
Equity and liabilities €368k
Equity
€243k▲ 2.6%
Debt
€125k▼ 6.1%
The debt ratio falls from 36.1% to 34.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2023 · €-8k
Cash flow
€10k▲
2023 · €-8k
Solvency
65.9%▲
2023 · 63.9%
Current ratio
0.35▲
2023 · 0.31
Quick ratio
0.35▲
2023 · 0.31
Debt / equity
0.52▼
2023 · 0.57
ROE
2.6%▲
2023 · -5.0%
ROA
1.7%▲
2023 · -3.2%
Interest coverage
16.60▲
2023 · -25.31
Debt
€125k▼
2023 · €134k
Debt ≤ 1 year
€122k▼
2023 · €131k
Debt > 1 year
€3k▲
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€370k€368k▼
Fixed assets21/28€329k€326k▼
Tangible fixed assets22/27€324k€320k▼
Land and buildings22€324k€320k▼
Financial fixed assets28€6k€6k=
Current assets29/58€41k€42k▲
Amounts receivable within one year40/41€39k€40k▲
Trade receivables40€124€983▲
Other amounts receivable41€39k€39k▼
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€613€524▼
Equity and liabilities
Total equity and liabilities10/49€370k€368k▼
Equity10/15€236k€243k▲
Contributions10/11€94k€94k=
Capital10€94k€94k=
Issued capital100€94k€94k=
Revaluation surpluses12€180k€180k=
Reserves13€9k€9k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Profit (loss) carried forward14€-47k€-40k▲
Amounts payable17/49€134k€125k▼
Amounts payable after more than one year17€3k€3k▲
Other amounts payable178/9€3k€3k▲
Amounts payable within one year42/48€131k€122k▼
Financial debts43€30€0▼
Credit institutions430/8€30€0▼
Trade debts44€16k€1k▼
Suppliers440/4€16k€1k▼
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€114k€120k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€14k€272▼
Gross operating margin9900€6k€11k▲
Operating profit (loss)9901€-11k€7k▲
Financial income75/76B€10€16▲
Recurring financial income75€10€16▲
Financial charges65/66B€313€622▲
Recurring financial charges65€313€622▲
Profit (loss) for the period before taxes9903€-12k€6k▲
Profit (loss) for the period9904€-12k€6k▲
Profit (loss) for the period to be appropriated9905€-12k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-40k▲
Profit (loss) brought forward from the previous period14P€-35k€-47k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €79k
Net result €79k after 4 loss-making years.
30-09
Financial
Equity above €200kEq €248k ▲46.6%
Equity rises from €169k to €248k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
30-09
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €200kEq €203k ▲225%
Equity rises from €63k to €203k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Merksplas · 1 establishment unit since 1996
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.
Geheul 72330 MerksplasGround area
7,657 m²
Building footprint
489 m²
Volume, LiDAR
2,749 m³
2 parcels, Flanders · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEVAR NV
since 19962.077.396.540
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023C0037/00B003 | Flanders | 5,112 m² | 1 · 372 m² | 14.1 m · 2 fl. |
| 13023C0033/00G002 | Flanders | 2,545 m² | 1 · 117 m² | 8.4 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.
Similar companies · same sector, comparable size
VAN MINNEBRUGGEN
BE 0809.965.044
Temse · Eq €234k
Vanhentenrijck Agro P&F
BE 0762.738.219
Sint-Truiden · Eq €174k
DEMACO
BE 0432.046.017
Sint-Katelijne-Waver · Eq €167k
AGRI C.S.
BE 0811.202.585
Tournai · Eq €166k
Pépinières Duprez
BE 0891.543.034
Trois-Ponts · Eq €155k
Of 148 companies in sector 01290 we hold annual accounts for 25. 18 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-06-1996
Fiscal year end30-09
Activities, NACEBEL
01290Crop and animal production, hunting and related service activities
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
1) Goedkeuren van de jaarrekening. 2) Bestemming van het resultaat. 3) Kwijting bestuurders. 4) Goedkeuring loontoekenning bestuurders. 5) Varia.