KIRVEM
ActiveThe computed 12-month bankruptcy probability of KIRVEM is 2.4% (moderate). The 2025 annual accounts show equity of €26k and a net result of €-12k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 50% of 13159 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-64
Solvency56▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.28 in 2024; short-term debt: 64.4% and cash: 34% of total assets), and 69.5% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
30.5%
Return on assets
-14.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 30-06-2026, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
31 d early
2024
42 d early
2023
36 d early
2022
39 d early
2021
18 d early
2020
8 d early
2019
66 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▼ 32.0%
2024 · €38k
2019: €4k
2020: €19k
2021: €26k
2022: €24k
2023: €32k
2024: €38k
2019 → 2025
Total assets
€84k▲ 8.1%
2024 · €77k
2019: €66k
2020: €45k
2021: €79k
2022: €78k
2023: €86k
2024: €77k
2019 → 2025
Net result
€-12k
2024 · €10k
2019: €-15k
2020: €15k
2021: €26k
2022: €11k
2023: €18k
2024: €10k
2019 → 2025
Working capital
€1k▼ 89.7%
2024 · €11k
2019: €-31k
2020: €2k
2021: €18k
2022: €-2k
2023: €1k
2024: €11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€24k▼ 5.4%€32k▲ 33.0%€38k▲ 15.9%€26k▼ 32.0%
Operating result€36k-€15k▼ 58.4%€27k▲ 79.9%€19k▼ 28.6%€-5k
Net result€26k-€11k▼ 59.7%€18k▲ 70.0%€10k▼ 43.8%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €19k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€29k▲ 8.3%
Current assets
€55k▲ 8.0%
Equity and liabilities €84k
Equity
€26k▼ 32.0%
Debt
€58k▲ 45.9%
The debt ratio rises from 51.5% to 69.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €28k
Cash flow
€-3k▼
2024 · €19k
Solvency
30.5%▼
2024 · 48.5%
Current ratio
1.02▼
2024 · 1.28
Quick ratio
0.92▼
2024 · 1.16
Debt / equity
2.27▲
2024 · 1.06
ROE
-47.0%▼
2024 · 27.0%
ROA
-14.4%▼
2024 · 13.1%
Interest coverage
0.51▼
2024 · 4.06
Debt
€58k▲
2024 · €40k
Debt ≤ 1 year
€54k▲
2024 · €40k
Debt > 1 year
€4k▲
2024 · €0
Income taxes
€0▼
2024 · €3k
Staff costs
€164k▲
2024 · €133k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€77k€84k▲
Fixed assets21/28€26k€29k▲
Tangible fixed assets22/27€26k€29k▲
Plant, machinery and equipment23€14k€22k▲
Furniture and vehicles24€12k€7k▼
Current assets29/58€51k€55k▲
Stocks and contracts in progress3€5k€5k▲
Stocks30/36€5k€5k▲
Amounts receivable within one year40/41€9k€20k▲
Trade receivables40€3k€15k▲
Other amounts receivable41€6k€6k▼
Cash at bank and in hand54/58€36k€28k▼
Deferred charges and accrued income490/1€1k€616▼
Equity and liabilities
Total equity and liabilities10/49€77k€84k▲
Equity10/15€38k€26k▼
Contributions10/11€19k€19k=
Reserves13€19k€7k▼
Distributable reserves133€19k€7k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€40k€58k▲
Amounts payable after more than one year17€0€4k▲
Financial debts170/4€0€4k▲
Amounts payable within one year42/48€40k€54k▲
Current portion of amounts payable after more than one year42€5k€8k▲
Trade debts44€9k€24k▲
Suppliers440/4€9k€24k▲
Taxes, remuneration and social security45€18k€18k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€16k€15k▼
Other amounts payable47/48€8k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€133k€164k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€5k€3k▼
Non-recurring operating charges66A€4k€5k▲
Gross operating margin9900€170k€176k▲
Operating profit (loss)9901€19k€-5k▼
Financial income75/76B€417€215▼
Recurring financial income75€417€215▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€13k€-12k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€10k€-12k▼
Profit (loss) for the period to be appropriated9905€10k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-12k▼
Transfer from equity791/2€5k€12k▲
Transfer to equity691/2€10k€0▼
To other reserves6921€10k€0▼
Profit to be distributed694/7€5k€0▼
Return on contributions (dividend)694€5k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €26k ▲71.8%
Operating result €36k, net result €26k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.49 to 1.08; short-term debt falls from €62k to €25k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Comines-Warneton · 1 establishment unit since 2018
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.
Armentieresstraat(Biz) 3457783 Comines-WarnetonGround area
173 m²
Building footprint
61 m²
Volume, LiDAR
536 m³
Parcel 54008D0408/00Z013, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CAPITOLE
since 20182.277.778.645
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54008D0408/00Z013 | Wallonia | 173 m² | 1 · 61 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteComines-Warneton/Komen-Waasten2.277.778.645
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 8,305 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2018
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.