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KINVAN

Active Private limited companyfounded 2000active for 25 yearsKleine Heerweg 154, 8791 WaregemKBO/BCE: BE 0473.661.886
KINVAN
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Overview

Lifetime

20 annual accounts with figures on one time axis, 25 filings since 2001
peak €446,807 (2011)
€111,472▼ 1.7%
lowest -€14,664 (2014)
€43,614▲ 28.8%
peak €644,713 (2022)
€476,312▲ 10.1%
€24,116▲ 10.8%
peak 2 FTE (2012)
-not published
Board1 name since 2017
1 directorVANDENDRIESSCHE Robert
Owners
  
Documentsfilings and deeds
28-04-202694 days before the deadline
2025micro format
Result from €33,866 to €43,614Cash from €203,473 to €283,334

Key points

from the 2025 annual accounts

Equity

€476,312 ▲ 10.1%

KINVAN has made a profit without a break since 2015.

Filings

25 annual accounts since 2001
AprilJune31 JulyOctober20102020

The last five annual accounts were filed 90 to 117 days before the end of the period.

Position in the sector

95.2%

Higher solvency than 90% of companies in electricity, gas and steam. Sector median 44.9% · 229 companies.

Checked score

98
Excellent
Financially stronger than 83% of micro companies in electricity, gas and steam (NACE 35)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 542 companies (NACE 35, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025highest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

100=equity 95.2% of total assets
100=short-term debt 1.9% · cash 56.6%
80+2return on assets 8.7%

Score breakdown

lowers risk
Liquidity: current ratio 30.91, cash €283,334
Equity €476,312 (95.2% of total assets)
Founded in 2000
Size: total assets €500,427
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, micro). It does better than 88% of them on solvency, 96% on liquidity, 76% on profitability and 70% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 20,137 companies had the same profile as KINVAN has now. Each dot stands for 51 companies, two years later.

95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of KINVAN itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 20,137 companies, not a prediction for KINVAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €45,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 30.91 (27.71 in 2024), above the usual 1.5. Short-term debt is 1.9% and cash 56.6% of total assets. 4.8% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 30.91, cash €283,334
NBB · annual accounts
lowers risk · Equity €476,312 (95.2% of total assets)
NBB · annual accounts
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €500,427
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €476,312
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
94 days early
2024
92 days early
2023
117 days early
2022
90 days early
2021
90 days early
2020
31 days early
2019
93 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 87 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VR
VANDENDRIESSCHE Robert
Director, since 29-03-2017
  • KINVAN 510 sharesdeed of 24-01-2024
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0473661886
Transfer of 510 shares from VANDENDRIESSCHE Hendrik to KINVAN Cancellation of 510 shares · Resignation: VANDENDRIESSCHE Robert (director) · Reappointment: VANDENDRIESSCHE Robert (director) · General meeting of 19-12-2023 · Gazette deed
Environmental permit granted Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Verwijderen van vrijstaande gebouwen · Waregem
First establishment Kleine Heerweg 154, Waregem
All 38 events

Comparable companies

same main activity, similar in size and age
Company
KINVAN Waregem €500,427 €111,472 95.2% -
HYDROVAL Rochefort €729,828 €68,919 57.7% -
Agrarservice Kaut Burg-Reuland €472,350 €74,788 18.9% -
SUS ETCETERA Kruisem €608,041 €76,387 56.5% -
MiKaVerde Waregem €265,611 €63,182 98.2% -
vercruysse-erbe Ichtegem €435,881 €26,093 17.8% -
ZOMERLOOS Gistel €879,859 €189,515 76.6% -

These companies have the same main activity as KINVAN: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €266,000 and €880,000, founded between 1995 and 2007.

Official details

Source: KBO
Status
Active since 29-12-2000Normal situation
Activity
Production of electricity from non-renewable sourcesNACE 35110and 3 others
Establishment unit
2.100.116.3168791 Waregem, since 22-02-2001
Financial year end
31 December
Peppol
Reachable since 19-12-2025
Company details

Annual accounts 2025

€111,472▼ 1.7%
≈ €280,000estimated
€43,614▲ 28.8%
€476,312▲ 10.1%
€500,427▲ 10.1%
Filing
Filed on 28-04-2026, 94 days before the end of the filing period
Financials

Insights on KINVAN

KINVAN files the micro format. That format states no turnover. The gross margin rose from €85,368 in 2006 to €111,472 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 28-04-2026, 94 days before the deadline
€111,472
▼ 1.7%
€60,774
▲ 25.3%
€43,614
▲ 28.8%
€285,063
▲ 36.8%
95.2%
unchanged
30.91
▲ 3.20

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €280,000. Estimated: probably between €190,000 and €430,000.

Balance sheet

balance sheet total €500,427 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

95.2%

Higher than 91% of 229 companies in 2025.

30.91

Higher than 95% of 221 companies in 2025.

8.7%

Higher than 74% of 225 companies in 2025.

KINVAN Middle half of the sector 80% of the sector Micro accounts in electricity, gas and steam (NACE 35)

Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 500,427454,466419,248731,794628,256603,430607,903612,802641,016644,751705,157777,360960,1481.1m1.4m2.3m1.8m632,918536,132554,465
21/28 205,834238,303240,752285,666331,028361,829420,443459,141519,731581,303643,548708,488849,951965,063981,2341.1m1.1m436,903452,046474,992
21 ------------4794141188----
22/27 205,834238,303240,752285,666331,028361,829420,443459,141519,731581,303643,548708,488849,904964,969981,0931.1m1.1m436,903452,046474,992
22 201,916215,806186,114197,092208,257204,844236,526242,563271,453300,395329,902360,042391,021422,934455,161473,494451,761429,767452,046474,992
23 41418,82950,80783,678116,646149,614178,720210,698242,676274,654306,678340,753386,090439,469495,040563,563600,3615,101--
24 ---9021,9683,050713931--531197,33030,08421,37323,9411,0912,036--
26 3,5043,6673,8313,9944,1584,3214,4844,9495,6026,2556,9157,5758,2358,8959,5189,7558,955---
29/58 294,593216,163178,495446,128297,228241,601187,460153,661121,28563,44761,60968,872110,19789,784432,5171.2m762,366196,01584,08679,473
29 ------------------7,31510,215
290 ------------------6,4396,439
291 ------------------8763,776
3 6,7009,66812,63615,60418,57221,54019,05121,77224,60627,34030,929-39,48436,953185,775920,319343,7954,880--
30/36 6,7009,66812,63615,60418,57221,54019,05121,77224,60627,34030,929-39,48436,953185,775920,319339,9774,880--
37 ----------------3,819---
40/41 3,8402,6276,9272,440208,392139,52773,41019,77221,7139,2106,04534,46429,43330,278137,403289,188278,129143,215--
40 2,1412,6272,9671,95514,7557,59211,45315,45721,6289,2106,03534,44228,24025,097137,16461,625167,046129,842--
41 1,700-3,960486193,637131,93461,9574,31585-10221,1935,180239227,563111,08313,372--
50/53 ---266,399--------------55,00055,000
54/58 283,334203,473158,548158,56668,16474,77793,931111,23274,76126,89724,63534,37741,25215,039109,2178,861140,28847,89311,2343,750
490/1 7193953843,1192,1005,7571,068885205--31287,5141231641532810,53710,507
Balance sheet: equity and liabilities
10/49 500,427454,466419,248731,794628,256603,430607,903612,802641,016644,751705,157777,360960,1481.1m1.4m2.3m1.8m632,918536,132554,465
10/15 476,312432,698398,832644,713600,546567,924567,924567,924553,524532,957505,880472,031532,472545,286517,224397,968337,622321,129316,841286,301
10/11 233,078233,078233,078233,078233,078233,078233,078233,078233,078233,078233,078233,078255,000255,000255,000255,000255,000255,000255,000255,000
100 ------233,078233,078233,078233,078233,078233,078255,000255,000255,000255,000255,000255,000255,000255,000
13 137,92494,31060,444326,84360,44460,44460,44460,44460,44460,44460,44460,44466,12966,12966,12966,12966,12966,12961,84131,301
130/1 ---289,70623,30823,308--------------
130 ------23,30823,30823,30823,30823,30823,30825,50025,50025,50025,50025,50025,50025,50025,500
1311 ---23,30823,30823,308--------------
1312 ---266,399----------------
133 137,92494,31060,44437,13737,13737,13737,13737,13737,13737,13737,13737,13740,62940,62940,62940,62940,62940,62936,3415,801
14 105,310105,310105,31084,793307,024274,402274,402274,402260,002239,436212,359178,509211,342224,156196,09576,83816,493---
16 ------------16,31616,31616,3161,978----
160/5 ------------16,31616,31616,3161,978----
17/49 24,11621,76820,41587,08127,71035,50639,97944,87987,491111,793199,276305,329411,360493,246880,2111.9m1.5m311,789219,291268,164
17 --------------510,0001.2m15,51075,381131,926185,330
170/4 --------------510,0001.2m15,51075,381131,926185,330
42/48 9,5307,8016,51973,69416,12824,03329,29033,76966,74899,236185,868284,830399,573483,624362,351618,0591.4m232,63485,59681,454
42 --------------50,00065,51059,87156,54553,40450,438
43 ---------------242,775506,000---
430/8 ----------------506,000---
439 ---------------242,775----
44 8,4238044,4953,7132,9621,4621,7823,7911,1111,82068636716,29528,77789,351158,602115,1472,9161,3871,389
440/4 8,4238044,4953,7132,9621,4621,7823,7911,1111,82068636716,29528,77789,351158,602115,1472,9161,3871,389
46 --------------15,8943,181----
45 95,8989268822,1582,472-7,4868,88710,6651,9741,22395110,67552,8735,7197521,45222
450/3 95,8989268822,1582,472-7,4868,88710,6651,9741,2235802,54046,329-7521,45222
454/9 ------------3718,1366,5435,719----
47/48 1,0991,0991,09969,09911,00920,10027,50822,49256,75186,751183,207283,240382,327444,171154,233142,272759,313171,72130,80229,625
492/3 14,58513,96713,89613,38711,58211,47310,68911,11020,74312,55713,40920,49911,7879,6227,85931,46930,3193,7741,7701,380
Income statement
9900 111,472113,42489,176118,003102,403104,246113,638105,919108,744119,490119,77173,388134,246265,416446,807286,840176,23352,13185,72385,368
62 ------------33,27861,92151,06545,751----
630 32,46947,20744,91445,36245,13064,58464,71161,98661,57362,24464,94170,15999,541124,248121,821134,002121,05928,46822,94622,946
631/4 ------2,7222,7222,7343,2679144--------
635/8 --------------14,3381,978----
640/8 18,22917,71716,87715,46815,07714,81513,93213,66713,41813,67214,1329,34315,04715,03712,70914,85912,41711,07910,74310,553
9901 60,77448,50027,38657,17442,19524,84632,27427,54431,01940,30640,689-6,258-13,62064,210246,87490,24942,75612,58452,03351,869
75/76B 3,220--1,7601,437798271----418521415611,0793,7012,0341,9361,534
75 3,220--1,7601,437798271----418521415611,0793,7012,0341,9361,534
65/66B 272429251363102374601,5684,4746,8408,4484317,54253,27430,98229,96410,32914,01416,431
65 272429251363102374601,5684,4746,8408,4484317,54253,27430,98229,96410,32914,01416,431
9903 63,96748,47627,35758,90843,49625,33532,30827,08429,45235,83233,849-14,664-12,81246,809194,16160,34516,4934,28839,95536,971
67/77 20,35314,6116,83914,74110,8746,3348,0183,6858,8858,755--3-232,904---9,4159,104
9904 43,61433,86620,51744,16732,62219,00124,29023,39920,56727,07733,849-14,664-12,81446,811161,25760,34516,4934,28830,54027,868
9905 43,61433,86620,51744,16732,62219,00124,29023,39920,56727,07733,849-14,664-12,81446,811161,25760,34516,4934,28830,54027,868
Appropriation of the result
9906 148,924139,176105,310351,191307,024293,403298,692283,402260,002239,436212,359178,509211,342242,906238,09576,83816,4934,28830,54027,868
14P 105,310105,31084,793307,024274,402---------------
691/2 43,61433,866-266,399-------------4,28830,54027,868
6920 -------------------22,066
6921 43,61433,866-266,399-------------4,28830,5405,801
694/7 -----19,00124,2909,000-----18,75042,000-----
694 -----19,00124,290-------------
695 -------9,000-----18,75042,000-----
Social balance sheet
9087 ------------1211----
Hours worked1013 ------------9092,5211,9481,783----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 28-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 28-04-2026 2026-00093633 PDF
31-12-2024 micro format 30-04-2025 2025-00085939 PDF
31-12-2023 micro format 05-04-2024 2024-00059465 PDF
31-12-2022 micro format 02-05-2023 2023-00079841 PDF
31-12-2021 micro format 02-05-2022 2022-20021841 PDF
31-12-2020 micro format 30-06-2021 2021-29900490 PDF
31-12-2019 micro format 29-04-2020 2020-10600350 PDF
31-12-2018 micro format 12-03-2019 2019-06700502 PDF
31-12-2017 micro format 12-07-2018 2018-31600127 PDF
31-12-2016 abbreviated format 18-07-2017 2017-31900180 PDF
31-12-2015 abbreviated format 28-02-2016 2016-05100410 PDF
31-12-2014 abbreviated format 08-07-2015 2015-27700357 PDF
31-12-2013 abbreviated format 22-05-2014 2014-13000204 PDF
31-12-2012 abbreviated format 13-03-2013 2013-06200114 PDF
31-12-2011 abbreviated format 04-07-2012 2012-24900080 PDF
31-12-2010 abbreviated format 09-05-2011 2011-10400503 PDF
31-12-2009 abbreviated format 18-06-2010 2010-19100308 PDF
31-12-2008 abbreviated format 16-05-2009 2009-15000160 PDF
31-12-2007 abbreviated format 30-04-2008 2008-12200176 PDF
31-12-2006 abbreviated format 24-05-2007 2007-15400112 PDF
31-12-2005 abbreviated format 19-05-2006 2006-15600291 PDF
31-12-2004 abbreviated format 24-05-2005 2005-16602633 PDF
31-12-2003 abbreviated format 26-05-2004 2004-17000811 PDF
31-12-2002 abbreviated format 26-05-2003 2003-16703471 PDF
31-12-2001 abbreviated format 29-05-2002 2002-15104226 PDF

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €1,582 awarded, €1,582 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€1,582
Year Entries AwardedPaid
2025 1 €389€389
2024 1 €389€389
2023 1 €378€378
2022 1 €426€426

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
93,24395,70772,300102,53687,32689,43196,98489,53092,592102,551105,63063,90185,921188,458368,695224,251163,81541,05274,97974,815
76,08381,07365,43189,52977,75383,58689,00085,38582,14089,32198,79055,49586,727171,059283,078194,347137,55232,75653,48650,814
044,7570014,3305,97026,0121,397000-71,303652108,52232,113143,416746,32513,3250-
79,86044,926-1890,403-6,614-19,154-17,30136,47147,8642,262-9,743-6,87426,212-94,178100,357-131,42792,39536,6597,483-
285,063208,363171,976372,434281,100217,568158,169119,89254,537-35,788-124,259-215,958-289,377-393,83970,166600,473-678,717-36,619-1,510-1,982
95.2%95.2%95.1%88.1%95.6%94.1%93.4%92.7%86.4%82.7%71.7%60.7%55.5%51.7%36.6%17.4%18.5%50.7%59.1%51.6%
30.9127.7127.386.0518.4310.056.404.551.820.640.330.240.280.191.191.970.530.840.980.98
30.2126.4725.445.8417.289.165.753.911.450.360.170.240.180.110.680.480.290.820.980.98
0.050.050.050.140.050.060.070.080.160.210.390.650.770.901.704.754.400.970.690.94
9.2%7.8%5.1%6.9%5.4%3.3%4.3%4.1%3.7%5.1%6.7%-3.1%-2.4%8.6%31.2%15.2%4.9%1.3%9.6%9.7%
8.7%7.5%4.9%6.0%5.2%3.1%4.0%3.8%3.2%4.2%4.8%-1.9%-1.3%4.4%11.4%2.6%0.9%0.7%5.7%5.0%
over 100over 100over 100over 100over 100---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€44,757--€14,330
€32,469€47,207€44,914€45,362€45,130

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on KINVAN

The operating result for 2025 is 25% higher than in 2024 and the highest since 2012. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total stays at 4.8%.

Board & ownership

Board

1 director, last change in 2024
VANDENDRIESSCHE Robert
Director (not named in the articles)
since 29-03-2017 term without a fixed end
earlier director, until 24-01-2024
listed in the 2023 annual accounts, filed on 05-04-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
VANDENDRIESSCHE Robert
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • VANDENDRIESSCHE Robert
    • Director (not named in the articles), from 29-03-2017 to date
    • Director, until 24-01-2024

See the board, name and registered office on a given date →

Control

Shares transferred to
KINVAN
This company
KINVAN
Equity €476,312
Profit €43,614 in 2025

Capital

Contribution
€233,077.63
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
PIROTEX
99.88%
99.88%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 24-01-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of April at 17:00

Shareholders

Share transfer deed of 24-01-2024 ↗
  • VANDENDRIESSCHE Hendrik to KINVAN 510 shares

Network & group

No group

KINVAN has no parent and no holdings in its annual accounts. VANDENDRIESSCHE Robert is the only director. KINVAN shares no director with another company.

At the same address

Kleine Heerweg 154, 8791 Waregem · 3 other companies
MiKaVerde
registered office since 24-11-2006 · founded in 2006
 total assets €265,611 (2025)
0885.224.671
E2Grid
registered office since 28-04-2011 · founded in 2011
 total assets €170,024 (2025)
0835.857.116
SATALYS
establishment since 01-02-2016 · founded in 2011
 total assets €152,902 (2025)
0839.980.804

Timeline

Timeline

38 events since 2000

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 94 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0473661886
Annual accounts 2024 filed PDFmicro format · 92 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 117 days before the deadline
Transfer of 510 shares from VANDENDRIESSCHE Hendrik to KINVANCancellation of 510 shares · Resignation: VANDENDRIESSCHE Robert (director) · Reappointment: VANDENDRIESSCHE Robert (director) · General meeting of 19-12-20237 points ▸
  • Director resignation, VANDENDRIESSCHE Robert
  • Director reappointment, VANDENDRIESSCHE Robert (director (not named in the articles))
  • Director discharge, VANDENDRIESSCHE Robert
  • Registered office clause, Kleine Heerweg 154, 8791 Waregem (Beveren-Leie)
  • General meeting, 19-12-2023
  • Share transfer, VANDENDRIESSCHE Hendrik → KINVAN, 510 shares
  • 2,040 shares
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

2023
Liquidity more than quadruples current ratio 27.38 The current ratio rises from 6.05 to 27.38. Short-term debt falls from €73,694 to €6,519.
Environmental permit granted OmgevingsloketNieuwbouw van bijgebouwen en niet overdekte lage constructie, Verwijderen van vrijstaande gebouwen · Waregem
Annual accounts 2022 filed PDFmicro format · 90 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 90 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 31 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 93 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 141 days before the deadline
2018
Liquidity more than doubled current ratio 4.55 The current ratio rises from 1.82 to 4.55. Short-term debt falls from €66,748 to €33,769.
Annual accounts 2017 filed PDFmicro format · 19 days before the deadline
2017
Liquidity more than doubled current ratio 1.82 The current ratio rises from 0.64 to 1.82. Short-term debt falls from €99,236 to €66,748.
Annual accounts 2016 filed PDFabbreviated format · 13 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 154 days before the deadline
2015
Back to profit net €33,849 The net result is €33,849, after 2 loss-making years.
Annual accounts 2014 filed PDFabbreviated format · 23 days before the deadline
2014
Weakest financial year net -€14,664 The net result drops to -€14,664, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2013 filed PDFabbreviated format · 70 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 140 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 27 days before the deadline
2011
Highest result from 2006 to 2025 net €161,257 ▲167% The operating result of €246,874 and the net result of €161,257 are both a record.
Equity above €500,000 equity €517,224 ▲30% With a profit in every financial year since 2006, equity grows to €517,224.
Annual accounts 2010 filed PDFabbreviated format · 83 days before the deadline
2010
Liquidity more than triples current ratio 1.97 The current ratio rises from 0.53 to 1.97. Short-term debt falls from €1.4m to €618,059.
Annual accounts 2009 filed PDFabbreviated format · 43 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 76 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 92 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 68 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
First establishment Kleine Heerweg 154, Waregem
2000
Incorporation published on 11-01-2001

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

KINVAN was incorporated on 29 December 2000.1 Total assets fell from €612,802 in 2018 to €500,427 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0473.661.886
VAT number
BE 0473.661.886
Peppol ID
0208:0473661886
Other Peppol ID
9925:BE0473661886
Legal form
Private limited company
Status
Active, normal situation
Founded
29-12-2000
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of April at 17:00
deed of 24-01-2024 (in Dutch)
Peppol
Reachable since 19-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
KINVAN in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-01-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 24-01-2024 (in Dutch)

Activities

NACEBEL 2025
35110 Production of electricity from non-renewable sources main activity
68203 Renting and operating of own or leased non-residential real estate, excluding land
82100 Office administrative and support services
82990 Other business support services
Codes under NACEBEL 2008
35110 Electricity, gas, steam and air conditioning supply main activity
68203 Real estate rental
82110 Office administrative, office support and other business support activities
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het uitsluitend in eigen naam en voor eigen rekening verwerven,beheren en verhandelen van onroerend vermogen,alle verrichtingen met…”
13 activities
  1. Het uitsluitend in eigen naam en voor eigen rekening verwerven,beheren en verhandelen van onroerend vermogen,alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aankoop,de verkoop,de bouw,de verbouwing,de aanpassing,de binnenhuisinrichting,de decoratie,de huur en verhuur met inbegrip van ter beschikking stelling van opslagruimte,bureelruimte enz,de ruil,de verkaveling,en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer en of productief maken van onroerende goederen of onroerende zakelijke rechten.
  2. Het sluiten van overeenkomsten tot verwerving van zakelijke rechten op onroerende goederen,zoals onder meer het recht van opstal,het sluiten van overeenkomsten tot het verlenen van zakelijke rechten op onroerende goederen;de huurfinanciering van onroerende goederen van derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan,en die de opbrengst of het rendement van het onroerend goed bevorderen.
  3. Het uitsluitend voor eigen rekening verwerven en beheren van roerend vermogen,met inbegrip van het aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten industriële,commerciële,financiële,landbouwvennootschappen of immobiliënvennootschappen.
  4. Het aanbieden van gemeenschappelijke dienstverlening aan bestaande en of startende bedrijven,zelfstandigen,en uitoefenaars van vrije beroepen,in het bijzonder door de exploitatie van bedrijvencentra;dit omvat onder meer na staande niet limitatieve opsomming van allerhande diensten zoals het verhuur van postbussen vergaderzalen,tentoonstellingsruimten,vertaalwerk,secretariaatswerk,call-center,postverwerking,fotokopiëren,documentvoorbereiding,en zo verder.
  5. De exploitatie,huur en verhuur van energieverwekkende installaties en energiecentrales in de ruimste zin van het woord.
  6. Het verlenen van allerlei diensten met betrekking tot organisatie,management,marketing,verkoopstechnieken,bijstand en adviesverschaffing,en het uitvoeren van alle opdrachten onder de vorm van organisatiestudies,expertises,technische handelingen en raadgevingen of andere,eender op welk vlak,met uitzondering van adviesverschaffing inzake beleggingen en geldplaatsingen.
  7. Het uitvoeren van studies,het programmeren en opstarten van organisatiesystemen,de praktische toepassing van systemen van gegevensverwerking en alle technieken met betrekking tot de technische,administratieve economische en algemene leiding van bedrijven.
  8. Het ontwikkelen en implementeren van financiële methoden om hoger vermelde activiteiten te kunnen realiseren,zoals het verlenen van kredieten,het financieel structureren van energie-en andere projecten en het afdekken van operationele en financiële risico's.
  9. Het waarnemen van alle bestuursopdrachten,met inbegrip van vereffenaar van andere vennootschappen,het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar voorwerp verband houden.
  10. Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
  11. Alle verbintenissen aangaan,kredieten en leningen toestaan,zich voor derden-met inbegrip van bestuurders en vennoten-borg stellen door goederen in hypotheek of pand te geven,inclusief eigen handelszaak.
  12. Betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke andere wijze,in ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend doel hebben of die nuttig zijn voor verwezenlijking geheel of gedeelte van haar voorwerp.
  13. Niet-limitatieve opsomming;alle handelingen die kunnen bijdragen tot verwezenlijking voorwerp,op alle wijzen in België en buitenland
deed of 24-01-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Kleine Heerweg 154 registered office 8791 Waregem 22-02-2001 2.100.116.316

Buildings and parcels at the address

Ground area
5,448 m²
Buildings
5,274 m²
Volume, LiDAR
32,743 m³
Tallest building
16.8 m
Buildings to scale, each on its own parcel
5,274 m², 16.8 m 5,274 m², 16.8 m

Environmental permits

2 applications in Flanders since 2019 · 1 granted
24-05-2023 Granted Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verwijderen van vrijstaande gebouwen submitted 26-04-2023 · project 2023057214 Waregem
16-09-2019 Not legally valid Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen submitted 13-09-2019 · Notification · project 2019111304 Waregem

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
34006A0117/00Z0035,448 m² 1 · 5,274 m² 16.8 m · 2

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