KISV
ActiveKISV has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 85% of 1543 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-46
Solvency98▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 35.08 in 2024; short-term debt: 26.8% and cash: 15.5% of total assets), and 26.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 2025Solvency, return and age of the figures
Solvency
73.2%
Return on assets
-46.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-16k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
17 d early
2023
1 d early
2022
14 d early
2021
19 d early
2020
3 d early
2019
22 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▼ 38.6%
2024 · €43k
2018: €-26k
2019: €-658
2020: €34k
2021: €55k
2022: €59k
2023: €45k
2024: €43k
2018 → 2025
Total assets
€36k▼ 18.0%
2024 · €44k
2018: €86k
2019: €72k
2020: €109k
2021: €93k
2022: €89k
2023: €68k
2024: €44k
2018 → 2025
Net result
€-16k▼ 641%
2024 · €-2k
2018: €20k
2019: €25k
2020: €34k
2021: €21k
2022: €5k
2023: €-14k
2024: €-2k
2018 → 2025
Working capital
€24k▼ 27.1%
2024 · €33k
2018: €-99k
2019: €-67k
2020: €-34k
2021: €13k
2022: €28k
2023: €24k
2024: €33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€59k▲ 8.7%€45k▼ 24.4%€43k▼ 5.0%€26k▼ 38.6%
Operating result€31k-€7k▼ 77.1%€-10k€-2k▲ 75.5%€-16k▼ 563%
Net result€21k-€5k▼ 77.2%€-14k€-2k▲ 84.7%€-16k▼ 641%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€2k▼ 75.9%
Current assets
€33k▼ 0.6%
Equity and liabilities €36k
Equity
€26k▼ 38.6%
Debt
€10k▲ 904%
The debt ratio rises from 2.2% to 26.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▼
2024 · €5k
Cash flow
€-9k▼
2024 · €6k
Solvency
73.2%▼
2024 · 97.8%
Current ratio
3.47▼
2024 · 35.08
Quick ratio
3.47▼
2024 · 35.08
Debt / equity
0.37▲
2024 · 0.02
ROE
-63.0%▼
2024 · -5.2%
ROA
-46.1%▼
2024 · -5.1%
Interest coverage
-42.48▼
2024 · 4.07
Debt
€10k▲
2024 · €956
Debt ≤ 1 year
€10k▲
2024 · €956
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€44k€36k▼
Fixed assets21/28€10k€2k▼
Tangible fixed assets22/27€10k€2k▼
Land and buildings22€10k€2k▼
Other tangible fixed assets26€371-
Current assets29/58€34k€33k▼
Amounts receivable within one year40/41€27k€27k=
Trade receivables40€98€98=
Other amounts receivable41€27k€27k=
Cash at bank and in hand54/58€6k€6k▼
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€44k€36k▼
Equity10/15€43k€26k▼
Contributions10/11€19k€19k=
Reserves13€62k€62k=
Distributable reserves133€62k€62k=
Profit (loss) carried forward14€-38k€-55k▼
Amounts payable17/49€956€10k▲
Amounts payable within one year42/48€956€10k▲
Trade debts44-€9k
Suppliers440/4-€9k
Taxes, remuneration and social security45€956€956=
Taxes450/3€956€956=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€6-
Gross operating margin9900€5k€-9k▼
Operating profit (loss)9901€-2k€-16k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€1k€203▼
Recurring financial charges65€1k€203▼
Profit (loss) for the period before taxes9903€-2k€-16k▼
Profit (loss) for the period9904€-2k€-16k▼
Profit (loss) for the period to be appropriated9905€-2k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€-55k▼
Profit (loss) brought forward from the previous period14P€-36k€-38k▼
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 14current ratio 35.08
Current ratio from 2.42 to 35.08; short-term debt falls from €17k to €956.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 1.63
Current ratio from 0.34 to 1.63; short-term debt falls from €52k to €20k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €34k ▲38.1%
Operating result €42k, net result €34k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 1995
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.
Van Erstenstraat 792100 AntwerpenGround area
189 m²
Building footprint
189 m²
Volume, LiDAR
1,085 m³
Parcel 11346B0983/00K006, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van Erstenstraat 79, 2100 Antwerpen
since 19952.063.337.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0983/00K006 | Flanders | 189 m² | 1 · 189 m² | 7.6 m · 2 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.
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,361 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-1993
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
Sources
Crossroads Bank for EnterprisesNational Bank · 32 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.