KRIVAN
ActiveSummary
KRIVAN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€89,549) and a net result of -€7,192. Equity is shrinking by ~7.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+1
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.17 in 2024; short-term debt: 219% and cash: 38.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-119%
Return on assets
-9.6%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€89,549
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
122 d early
2023
9 d early
2022
81 d early
2021
10 d early
2020
113 d early
2019
99 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 71 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€89,549▼ 8.7%
2024 · -€82,358
Total assets
€75,280▼ 9.8%
2024 · €83,494
Net result
-€7,192▲ 16.1%
2024 · -€8,576
Working capital
-€135,361▲ 1.5%
2024 · -€137,400
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€709▲ 83.8%-€343▲ 51.7%-€9,155▼ 2,571%-€8,508▲ 7.1%-€7,120▲ 16.3%
Net result-€753▲ 82.9%-€390▲ 48.2%-€9,210▼ 2,260%-€8,576▲ 6.9%-€7,192▲ 16.1%
Equity-€64,182▼ 1.2%-€64,572▼ 0.6%-€73,782▼ 14.3%-€82,358▼ 11.6%-€89,549▼ 8.7%
Total assets€100,191▲ 1.2%€101,002▲ 0.8%€95,374▼ 5.6%€83,494▼ 12.5%€75,280▼ 9.8%
Debt€164,373▲ 1.2%€165,574▲ 0.7%€169,156▲ 2.2%€165,852▼ 2.0%€164,829▼ 0.6%
Working capital-€144,248▲ 5.5%-€135,539▲ 6.0%-€138,662▼ 2.3%-€137,400▲ 0.9%-€135,361▲ 1.5%
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 €7,120 in 2025 against €8,508 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,280
Fixed assets
€45,811 ▼ 16.8%
Current assets
€29,469 ▲ 3.6%
Key figures and ratios
EBITDA
€2,111▲
2024 · €1,330
Cash flow
€2,039▲
2024 · €1,263
Solvency
-119.0%▼
2024 · -98.6%
Current ratio
0.18▲
2024 · 0.17
Debt to equity
-1.84▲
2024 · -2.01
ROA
-9.6%▲
2024 · -10.3%
Interest coverage
29.26▲
2024 · 19.80
Debt ≤ 1 year
€164,829▼
2024 · €165,852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,100 | €9,100 | €9,777 | €9,838 | €9,231 | ▼ 6.2% |
| Other operating charges640/8 | €3,800 | €3,883 | €4,251 | €4,417 | €5,573 | ▲ 26.2% |
| Gross operating margin9900 | €12,191 | €12,640 | €4,874 | €5,747 | €7,684 | ▲ 33.7% |
| Operating profit (loss)9901 | -€709 | -€343 | -€9,155 | -€8,508 | -€7,120 | ▲ 16.3% |
| Financial charges65/66B | €44 | €48 | €55 | €67 | €72 | ▲ 7.4% |
| Recurring financial charges65 | €44 | €48 | €55 | €67 | €72 | ▲ 7.4% |
| Profit (loss) for the period before taxes9903 | -€753 | -€390 | -€9,210 | -€8,576 | -€7,192 | ▲ 16.1% |
| Profit (loss) for the period9904 | -€753 | -€390 | -€9,210 | -€8,576 | -€7,192 | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | -€753 | -€390 | -€9,210 | -€8,576 | -€7,192 | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,191 | €101,002 | €95,374 | €83,494 | €75,280 | ▼ 9.8% |
| Fixed assets21/28 | €80,067 | €70,967 | €64,880 | €55,042 | €45,811 | ▼ 16.8% |
| Tangible fixed assets22/27 | €80,067 | €70,967 | €64,880 | €55,042 | €45,811 | ▼ 16.8% |
| Land and buildings22 | €78,243 | €69,751 | €61,259 | €52,767 | €44,274 | ▼ 16.1% |
| Plant, machinery and equipment23 | €1,824 | €1,216 | €3,621 | €2,275 | €1,537 | ▼ 32.4% |
| Current assets29/58 | €20,124 | €30,035 | €30,494 | €28,452 | €29,469 | ▲ 3.6% |
| Cash at bank and in hand54/58 | €19,847 | €29,737 | €30,155 | €28,093 | €29,093 | ▲ 3.6% |
| Deferred charges and accrued income490/1 | €278 | €298 | €339 | €359 | €376 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,191 | €101,002 | €95,374 | €83,494 | €75,280 | ▼ 9.8% |
| Equity10/15 | -€64,182 | -€64,572 | -€73,782 | -€82,358 | -€89,549 | ▼ 8.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €136 | €136 | €136 | €136 | €136 | = |
| Non-distributable reserves130/1 | €136 | €136 | €136 | €136 | €136 | = |
| Legal reserve130 | €136 | €136 | €136 | €136 | €136 | = |
| Profit (loss) carried forward14 | -€126,318 | -€126,708 | -€135,918 | -€144,494 | -€151,685 | ▼ 5.0% |
| Amounts payable17/49 | €164,373 | €165,574 | €169,156 | €165,852 | €164,829 | ▼ 0.6% |
| Amounts payable within one year42/48 | €164,373 | €165,574 | €169,156 | €165,852 | €164,829 | ▼ 0.6% |
| Trade debts44 | €111 | €112 | €1,195 | €210 | €519 | ▲ 147% |
| Suppliers440/4 | €111 | €112 | €1,195 | €210 | €519 | ▲ 147% |
| Other amounts payable47/48 | €164,262 | €165,462 | €167,962 | €165,642 | €164,311 | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€753 | -€390 | -€9,210 | -€8,576 | -€7,192 | ▲ 16.1% |
| + Depreciation and write-downs630 | €9,100 | €9,100 | €9,777 | €9,838 | €9,231 | ▼ 6.2% |
| Operating cash flow (approximation) | €8,347 | €8,710 | €567 | €1,263 | €2,039 | ▲ 61.5% |
| Investment in fixed assets (approximation) | - | €0 | -€3,691 | €0 | €0 | - |
| Change in cash | - | €9,891 | €418 | -€2,063 | €1,000 | ▲ 148% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€9,210
Net result drops to -€9,210, the lowest in the series; recovery starts the following year.
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
24-03
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, De Panne · 1 establishment unit since 1999
Ground area
645 m²
Building footprint
155 m²
Volume, LiDAR
1,357 m³
Parcel 38008B0466/00_000, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Veurnestraat 117, 8660 De Panne
since 19992.051.472.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38008B0466/00_000 | Flanders | 645 m² | 1 · 155 m² | 14.7 m · 3 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.
Identification & contact
Identification
Legal formPublic limited company
Founded06-02-1991
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443142619
Also
9925:BE0443142619
Registered
27-05-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.