KIVAHO
ActiveKIVAHO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €-5k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 1287 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
70
/ 100
Healthy▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency99▼-1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 2.08 in 2023), and 37.2% 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 · 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
62.8%
Return on assets
-5.3%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192021222325
2019 to 2025 · latest year -€5k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2023
34 d early
2022
26 d early
2021
2 d early
2020
5 d late
2019
2 d early
2018
34 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▼ 17.7%
2023 · €68k
2019: €79k
2020: €78k
2021: €84k
2022: €71k
2023: €68k
2019 → 2025
Total assets
€89k▼ 10.4%
2023 · €100k
2019: €114k
2020: €111k
2021: €115k
2022: €104k
2023: €100k
2019 → 2025
Net result
€-5k▼ 65.8%
2023 · €-3k
2019: €3k
2020: €-1k
2021: €6k
2022: €-12k
2023: €-3k
2019 → 2025
Working capital
€36k▲ 6.7%
2023 · €34k
2019: €16k
2020: €23k
2021: €36k
2022: €30k
2023: €34k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€78k-€84k▲ 7.5%€71k▼ 14.9%€68k▼ 4.0%€56k▼ 17.7%
Operating result€-763-€6k€-12k€-4k▲ 69.3%€-5k▼ 29.4%
Net result€-1k-€6k€-12k€-3k▲ 77.2%€-5k▼ 65.8%
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 €5k in 2025 against €4k in 2023; the loss grows.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€20k▼ 42.0%
Current assets
€70k▲ 6.0%
Equity and liabilities €89k
Equity
€56k▼ 17.7%
Debt
€33k▲ 5.3%
The debt ratio rises from 31.6% to 37.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€3k▼
2023 · €4k
Cash flow
€3k▼
2023 · €4k
Solvency
62.8%▼
2023 · 68.4%
Current ratio
2.09▲
2023 · 2.08
Quick ratio
1.94▼
2023 · 1.95
Debt / equity
0.59▲
2023 · 0.46
ROE
-8.4%▼
2023 · -4.2%
ROA
-5.3%▼
2023 · -2.8%
Interest coverage
9.43▼
2023 · 12.82
Debt
€33k▲
2023 · €32k
Debt ≤ 1 year
€33k▲
2023 · €32k
Income taxes
€138
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€100k€89k▼
Fixed assets21/28€34k€20k▼
Tangible fixed assets22/27€34k€20k▼
Land and buildings22€33k€19k▼
Plant, machinery and equipment23€769€310▼
Furniture and vehicles24-€304
Current assets29/58€66k€70k▲
Stocks and contracts in progress3€4k€5k▲
Stocks30/36€4k€5k▲
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€438€588▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€60k€63k▲
Equity and liabilities
Total equity and liabilities10/49€100k€89k▼
Equity10/15€68k€56k▼
Contributions10/11€125k€125k=
Profit (loss) carried forward14€-57k€-69k▼
Amounts payable17/49€32k€33k▲
Amounts payable within one year42/48€32k€33k▲
Trade debts44€106€1k▲
Suppliers440/4€106€1k▲
Taxes, remuneration and social security45€105€687▲
Taxes450/3€105€687▲
Other amounts payable47/48€31k€31k▲
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€5k€4k▼
Operating profit (loss)9901€-4k€-5k▼
Financial income75/76B€1k€458▼
Recurring financial income75€1k€458▼
Financial charges65/66B€275€281▲
Recurring financial charges65€275€281▲
Profit (loss) for the period before taxes9903€-3k€-5k▼
Income taxes67/77-€138
Profit (loss) for the period9904€-3k€-5k▼
Profit (loss) for the period to be appropriated9905€-3k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-69k▼
Profit (loss) brought forward from the previous period14P€-54k€-64k▼
The notes to these accounts (5 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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-12k ▼313%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
29-09
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
1 act for this company is 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, Kaprijke · 1 establishment unit since 2003
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.
Gentweg 589971 KaprijkeGround area
317 m²
Building footprint
442 m²
Volume, LiDAR
1,870 m³
Parcel 43009C1679/00C002, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Gentweg 58, 9971 Kaprijke
since 20032.127.119.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009C1679/00C002 | Flanders | 317 m² | 1 · 442 m² | 8.9 m · 1 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 siteKaprijke2.127.119.829
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EXPLOITATIEMAATSCHAPPIJ IBA
BE 0678.421.265
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Beautel
BE 0728.732.987
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JODAT
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LASANTA
BE 0799.493.992
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Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 925 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2002
Fiscal year end31-03
Activities, NACEBEL
55100Hotels and similar accommodation
55101Hotels
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.