KRIVALO
ActiveSummary
KRIVALO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €82k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-3
Solvency48▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.37 in 2024; short-term debt: 35.3% and cash: 14.6% of total assets), and 77% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23%
Return on assets
8.7%
Age of the figures
9 mo
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 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €216k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
17 d late
2024
14 d late
2023
20 d late
2022
24 d late
2021
2 d late
2020
3 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€216k▲ 60.9%
2024 · €134k
2019: €-3k
2020: €-25k▼ -755% vs 2019
2021: €-29k▼ -16.2% vs 2020lowest in 7 years
2022: €-15k▲ +49.1% vs 2021
2023: €30k▲ +308% vs 2022
2024: €134k▲ +343% vs 2023
2025: €216k▲ +60.9% vs 2024highest in 7 years
2019 → 2025
Total assets
€939k▲ 6.0%
2024 · €885k
2019: €173k
2020: €152k▼ -12.4% vs 2019lowest in 7 years
2021: €244k▲ +60.7% vs 2020
2022: €762k▲ +213% vs 2021
2023: €811k▲ +6.4% vs 2022
2024: €885k▲ +9.2% vs 2023
2025: €939k▲ +6.0% vs 2024highest in 7 years
2019 → 2025
Net result
€82k▼ 21.4%
2024 · €104k
2019: €-23klowest in 7 years
2020: €-22k▲ +5.0% vs 2019
2021: €-14k▲ +35.7% vs 2020
2022: €14k▲ +200% vs 2021
2023: €45k▲ +220% vs 2022
2024: €104k▲ +132% vs 2023highest in 7 years
2025: €82k▼ -21.4% vs 2024
2019 → 2025
Working capital
€-173k▲ 18.6%
2024 · €-212k
2019: €53khighest in 7 years
2020: €-8k▼ -116% vs 2019
2021: €-39k▼ -367% vs 2020
2022: €-310k▼ -700% vs 2021
2023: €-313k▼ -0.9% vs 2022lowest in 7 years
2024: €-212k▲ +32.1% vs 2023
2025: €-173k▲ +18.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-29k-€-15k▲ 49.1%€30k€134k▲ 343%€216k▲ 60.9%
2021: €-29klowest in 5 years
2022: €-15k▲ +49.1% vs 2021
2023: €30k▲ +308% vs 2022
2024: €134k▲ +343% vs 2023
2025: €216k▲ +60.9% vs 2024highest in 5 years
Operating result€-5k-€26k€56k▲ 110%€115k▲ 106%€94k▼ 18.2%
2021: €-5klowest in 5 years
2022: €26k▲ +678% vs 2021
2023: €56k▲ +110% vs 2022
2024: €115k▲ +106% vs 2023highest in 5 years
2025: €94k▼ -18.2% vs 2024
Net result€-14k-€14k€45k▲ 220%€104k▲ 132%€82k▼ 21.4%
2021: €-14klowest in 5 years
2022: €14k▲ +200% vs 2021
2023: €45k▲ +220% vs 2022
2024: €104k▲ +132% vs 2023highest in 5 years
2025: €82k▼ -21.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €939k
Fixed assets
€781k ▲ 2.8%
Current assets
€158k ▲ 25.7%
Equity and liabilities €939k
Equity
€216k ▲ 60.9%
Debt
€722k ▼ 3.8%
Debt's share of the balance-sheet total falls from 84.8% to 77.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▼
2024 · €181k
Cash flow
€146k▼
2024 · €170k
Current ratio
0.48▲
2024 · 0.37
Quick ratio
0.47▲
2024 · 0.37
Debt to equity
3.34▼
2024 · 5.59
ROE
37.8%▼
2024 · 77.4%
ROA
8.7%▼
2024 · 11.8%
Interest coverage
14.68▼
2024 · 17.05
Debt ≤ 1 year
€331k▼
2024 · €338k
Debt > 1 year
€392k▼
2024 · €413k
Income taxes
€1k
Staff costs
€100k▲
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€885k€939k▲
Formation expenses20-€0
Fixed assets21/28€760k€781k▲
Tangible fixed assets22/27€760k€781k▲
Land and buildings22€730k€737k▲
Plant, machinery and equipment23€18k€37k▲
Furniture and vehicles24€11k€6k▼
Current assets29/58€126k€158k▲
Stocks and contracts in progress3€1k€3k▲
Stocks30/36€1k€3k▲
Amounts receivable within one year40/41€22k€18k▼
Trade receivables40€7k€6k▼
Other amounts receivable41€14k€12k▼
Cash at bank and in hand54/58€102k€137k▲
Deferred charges and accrued income490/1€780-
Equity and liabilities
Total equity and liabilities10/49€885k€939k▲
Equity10/15€134k€216k▲
Contributions10/11€30k€30k=
Reserves13€104k€186k▲
Distributable reserves133€104k€186k▲
Amounts payable17/49€751k€722k▼
Amounts payable after more than one year17€413k€392k▼
Financial debts170/4€413k€392k▼
Amounts payable within one year42/48€338k€331k▼
Current portion of amounts payable after more than one year42€37k€41k▲
Trade debts44€83k€83k▲
Suppliers440/4€83k€83k▲
Taxes, remuneration and social security45€7k€17k▲
Taxes450/3-€1k
Remuneration and social security454/9€7k€16k▲
Other amounts payable47/48€211k€189k▼
Income statement
Code20242025
Remuneration, social security and pensions62€43k€100k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€64k▼
Other operating charges640/8€11k€6k▼
Gross operating margin9900€235k€263k▲
Operating profit (loss)9901€115k€94k▼
Financial income75/76B€20€11▼
Recurring financial income75€20€11▼
Financial charges65/66B€11k€11k▲
Recurring financial charges65€11k€11k▲
Profit (loss) for the period before taxes9903€104k€83k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€104k€82k▼
Profit (loss) for the period to be appropriated9905€104k€82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€82k▼
Transfer to equity691/2€104k€82k▼
To other reserves6921€104k€82k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €43k | €100k | ▲ 131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €42k | €64k | €66k | €64k | ▼ 3.4% |
| Other operating charges640/8 | €835 | €3k | €2k | €11k | €6k | ▼ 50.6% |
| Gross operating margin9900 | €12k | €71k | €121k | €235k | €263k | ▲ 11.8% |
| Operating profit (loss)9901 | €-5k | €26k | €56k | €115k | €94k | ▼ 18.2% |
| Financial income75/76B | €0 | €9 | €8 | €20 | €11 | ▼ 42.4% |
| Recurring financial income75 | €0 | €9 | €8 | €20 | €11 | ▼ 42.4% |
| Financial charges65/66B | €9k | €12k | €11k | €11k | €11k | ▲ 1.3% |
| Recurring financial charges65 | €9k | €12k | €11k | €11k | €11k | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €-14k | €14k | €45k | €104k | €83k | ▼ 20.2% |
| Income taxes67/77 | - | - | - | - | €1k | - |
| Profit (loss) for the period9904 | €-14k | €14k | €45k | €104k | €82k | ▼ 21.4% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €14k | €45k | €104k | €82k | ▼ 21.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €244k | €762k | €811k | €885k | €939k | ▲ 6.0% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €159k | €729k | €745k | €760k | €781k | ▲ 2.8% |
| Tangible fixed assets22/27 | €157k | €729k | €745k | €760k | €781k | ▲ 2.8% |
| Land and buildings22 | €110k | €671k | €702k | €730k | €737k | ▲ 0.9% |
| Plant, machinery and equipment23 | €35k | €31k | €23k | €18k | €37k | ▲ 109% |
| Furniture and vehicles24 | €12k | €27k | €19k | €11k | €6k | ▼ 46.6% |
| Financial fixed assets28 | €2k | - | - | - | - | - |
| Current assets29/58 | €84k | €33k | €66k | €126k | €158k | ▲ 25.7% |
| Stocks and contracts in progress3 | - | - | - | €1k | €3k | ▲ 122% |
| Stocks30/36 | - | - | - | €1k | €3k | ▲ 122% |
| Amounts receivable within one year40/41 | €4k | €12k | €26k | €22k | €18k | ▼ 18.9% |
| Trade receivables40 | €1k | €15 | €4k | €7k | €6k | ▼ 19.9% |
| Other amounts receivable41 | €3k | €12k | €22k | €14k | €12k | ▼ 18.4% |
| Cash at bank and in hand54/58 | €80k | €21k | €40k | €102k | €137k | ▲ 34.8% |
| Deferred charges and accrued income490/1 | - | €430 | €443 | €780 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €244k | €762k | €811k | €885k | €939k | ▲ 6.0% |
| Equity10/15 | €-29k | €-15k | €30k | €134k | €216k | ▲ 60.9% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | - | - | €341 | €104k | €186k | ▲ 78.4% |
| Distributable reserves133 | - | - | €341 | €104k | €186k | ▲ 78.4% |
| Profit (loss) carried forward14 | €-59k | €-45k | - | - | - | - |
| Amounts payable17/49 | €272k | €776k | €780k | €751k | €722k | ▼ 3.8% |
| Amounts payable after more than one year17 | €149k | €434k | €402k | €413k | €392k | ▼ 5.1% |
| Financial debts170/4 | €149k | €434k | €402k | €413k | €392k | ▼ 5.1% |
| Amounts payable within one year42/48 | €123k | €343k | €379k | €338k | €331k | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €32k | €32k | €37k | €41k | ▲ 11.6% |
| Trade debts44 | €49k | €71k | €117k | €83k | €83k | ▲ 0.7% |
| Suppliers440/4 | €49k | €71k | €117k | €83k | €83k | ▲ 0.7% |
| Taxes, remuneration and social security45 | - | - | - | €7k | €17k | ▲ 138% |
| Taxes450/3 | - | - | - | - | €1k | - |
| Remuneration and social security454/9 | - | - | - | €7k | €16k | ▲ 122% |
| Other amounts payable47/48 | €74k | €240k | €230k | €211k | €189k | ▼ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €14k | €45k | €104k | €82k | ▼ 21.4% |
| + Depreciation and write-downs630 | €15k | €42k | €64k | €66k | €64k | ▼ 3.4% |
| Operating cash flow (approximation) | €1k | €56k | €109k | €170k | €146k | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | €-611k | €-80k | €-81k | €-85k | ▼ 4.9% |
| Change in cash | - | €-60k | €19k | €62k | €35k | ▼ 43.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
30-03
State Gazette act
Resignation: Louis De Vadder (director)Director discharge3 facts ▸
State Gazette act
Resignation: Louis De Vadder (director)
Director discharge3 facts ▸
- General meeting, 26/02/2026
- Director resignation, Louis De Vadder (director)
- Director discharge, Louis De Vadder
2025
31-12
Financial
Equity above €200kEq €216k ▲60.9%
4 profitable years in a row build equity to €216k.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Highest result since 2019net €104k ▲132%
Operating result €115k, net result €104k, both a record.
31-12
Financial
Equity above €100kEq €134k ▲343%
3 profitable years in a row build equity to €134k.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2025
Resigned as Director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Haaltert · 1 establishment unit since 2019
Ground area
1,829 m²
Building footprint
184 m²
Volume, LiDAR
967 m³
Parcel 41010B0079/00D000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
hoeveslagerij 't Bundershof
since 20192.283.757.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41010B0079/00D000 | Flanders | 1,829 m² | 1 · 184 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 siteHaaltert2.283.757.112
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Of 3,042 companies in sector 47221 we hold annual accounts for 1,564. 1,268 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
Contact
Scores and ratios are computed by Checked and are not a credit decision.