KUVALA
ActiveSummary
KUVALA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€24,352) and a net result of -€6,309. Equity is shrinking by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-9
Solvency16▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.29 against 1.48 in 2024; short-term debt: 13.1% and cash: 7.4% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
-9.3%
Return on assets
-2.4%
Age of the figures
18 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
19202122232425
2019 to 2025 · latest year -€24,352
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-11-2025, 10 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 · 10 filingsDeviation from the deadline
2025
10 d late
2024
2 d late
2023
on the day
2022
on the day
2021
19 d early
2020
2 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€24,352▼ 35.0%
2024 · -€18,043
Total assets
€261,633▼ 6.2%
2024 · €278,982
Net result
-€6,309▼ 48.8%
2024 · -€4,240
Working capital
€9,921▼ 36.5%
2024 · €15,615
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,187▲ 225%€1,445▼ 95.0%-€452-€89▲ 80.3%-€2,730▼ 2,957%
Net result€17,631within the sector's middle half-€3,123below the sector's middle half-€5,351below the sector's middle half▼ 71.3%-€4,240below the sector's middle half▲ 20.8%-€6,309below the sector's middle half▼ 48.8%
Equity-€5,329below the sector's middle half▲ 76.8%-€8,452below the sector's middle half▼ 58.6%-€13,803below the sector's middle half▼ 63.3%-€18,043below the sector's middle half▼ 30.7%-€24,352below the sector's middle half▼ 35.0%
Total assets€322,095within the sector's middle half▼ 7.1%€298,908below the sector's middle half▼ 7.2%€296,616within the sector's middle half▼ 0.8%€278,982within the sector's middle half▼ 5.9%€261,633within the sector's middle half▼ 6.2%
Debt€327,424▼ 11.4%€307,360▼ 6.1%€310,419▲ 1.0%€297,025▼ 4.3%€285,985▼ 3.7%
Working capital€16,546within the sector's middle half€13,776within the sector's middle half▼ 16.7%€20,992within the sector's middle half▲ 52.4%€15,615within the sector's middle half▼ 25.6%€9,921within the sector's middle half▼ 36.5%
Solvency-1.7%below the sector's middle half▲ 5.0pp-2.8%below the sector's middle half▼ 1.2pp-4.7%below the sector's middle half▼ 1.8pp-6.5%below the sector's middle half▼ 1.8pp-9.3%below the sector's middle half▼ 2.8pp
Current ratio1.39within the sector's middle half▲ 0.431.40within the sector's middle half▲ 0.011.62within the sector's middle half▲ 0.211.48within the sector's middle half▼ 0.141.29within the sector's middle half▼ 0.19
Return on assets (ROA)5.5%within the sector's middle half▲ 6.6pp-1.0%below the sector's middle half▼ 6.5pp-1.8%below the sector's middle half▼ 0.8pp-1.5%below the sector's middle half▲ 0.3pp-2.4%below the sector's middle half▼ 0.9pp
Staff (FTE)0.4below the sector's middle half=0.4below the sector's middle half=1▲ 150%1=
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,730 in 2025 against €89 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 €261,633
Fixed assets
€217,351 ▼ 5.8%
Current assets
€44,282 ▼ 8.0%
Key figures and ratios
EBITDA
€10,780▼
2024 · €13,304
Cash flow
€7,201▼
2024 · €9,153
Debt to equity
-11.74▲
2024 · -16.46
Interest coverage
2.99▼
2024 · 4.03
Debt ≤ 1 year
€34,361▲
2024 · €32,528
Debt > 1 year
€251,624▼
2024 · €264,497
Income taxes
€608▼
2024 · €974
Staff costs
€25,837▲
2024 · €25,109
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 0.6% 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €22 | - |
| Remuneration, social security and pensions62 | - | €22,376 | €23,797 | €25,109 | €25,837 | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,799 | €14,295 | €14,029 | €13,393 | €13,510 | ▲ 0.9% |
| Other operating charges640/8 | - | €956 | €1,684 | €1,763 | €1,840 | ▲ 4.4% |
| Gross operating margin9900 | €65,960 | €39,072 | €39,056 | €40,176 | €38,457 | ▼ 4.3% |
| Operating profit (loss)9901 | €29,187 | €1,445 | -€452 | -€89 | -€2,730 | ▼ 2,957% |
| Financial income75/76B | - | €848 | €1 | €125 | €639 | ▲ 411% |
| Recurring financial income75 | €6 | €848 | €1 | €125 | €273 | ▲ 119% |
| Non-recurring financial income76B | - | - | - | - | €366 | - |
| Financial charges65/66B | - | €3,933 | €3,941 | €3,301 | €3,610 | ▲ 9.4% |
| Recurring financial charges65 | €6,438 | €3,933 | €3,261 | €3,301 | €3,610 | ▲ 9.4% |
| Non-recurring financial charges66B | - | - | €679 | - | - | - |
| Profit (loss) for the period before taxes9903 | €22,543 | -€1,640 | -€4,393 | -€3,266 | -€5,701 | ▼ 74.6% |
| Income taxes67/77 | €4,912 | €1,483 | €959 | €974 | €608 | ▼ 37.6% |
| Profit (loss) for the period9904 | €17,631 | -€3,123 | -€5,351 | -€4,240 | -€6,309 | ▼ 48.8% |
| Profit (loss) for the period to be appropriated9905 | €17,631 | -€3,123 | -€5,351 | -€4,240 | -€6,309 | ▼ 48.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,095 | €298,908 | €296,616 | €278,982 | €261,633 | ▼ 6.2% |
| Fixed assets21/28 | €263,065 | €250,898 | €241,525 | €230,839 | €217,351 | ▼ 5.8% |
| Tangible fixed assets22/27 | €263,065 | €250,898 | €241,525 | €230,839 | €217,351 | ▼ 5.8% |
| Land and buildings22 | - | €248,492 | €237,418 | €225,454 | €213,511 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €752 | €2,879 | €2,301 | €1,722 | ▼ 25.1% |
| Furniture and vehicles24 | - | €1,654 | €1,228 | €3,085 | €2,118 | ▼ 31.3% |
| Current assets29/58 | €59,031 | €48,010 | €55,091 | €48,143 | €44,282 | ▼ 8.0% |
| Amounts receivable within one year40/41 | €33,589 | €21,579 | €19,896 | €22,778 | €24,960 | ▲ 9.6% |
| Trade receivables40 | - | €21,579 | €19,896 | €22,778 | €24,960 | ▲ 9.6% |
| Cash at bank and in hand54/58 | €25,441 | €26,431 | €35,195 | €25,364 | €19,322 | ▼ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,095 | €298,908 | €296,616 | €278,982 | €261,633 | ▼ 6.2% |
| Equity10/15 | -€5,329 | -€8,452 | -€13,803 | -€18,043 | -€24,352 | ▼ 35.0% |
| Contributions10/11 | - | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Profit (loss) carried forward14 | -€29,329 | -€32,452 | -€37,803 | -€42,043 | -€48,352 | ▼ 15.0% |
| Amounts payable17/49 | €327,424 | €307,360 | €310,419 | €297,025 | €285,985 | ▼ 3.7% |
| Amounts payable after more than one year17 | €284,939 | €273,125 | €276,320 | €264,497 | €251,624 | ▼ 4.9% |
| Financial debts170/4 | - | €273,125 | €276,320 | €264,497 | €251,624 | ▼ 4.9% |
| Amounts payable within one year42/48 | €42,485 | €34,234 | €34,099 | €32,528 | €34,361 | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | - | €11,814 | €11,805 | €11,823 | €12,874 | ▲ 8.9% |
| Trade debts44 | €14,336 | €15,267 | €2,600 | €11,740 | €9,299 | ▼ 20.8% |
| Suppliers440/4 | - | €15,267 | €2,600 | €11,740 | €9,299 | ▼ 20.8% |
| Taxes, remuneration and social security45 | - | €5,205 | €7,793 | €5,761 | €9,516 | ▲ 65.2% |
| Taxes450/3 | - | €4,065 | €4,988 | €4,705 | €5,245 | ▲ 11.5% |
| Remuneration and social security454/9 | - | €1,140 | €2,806 | €1,056 | €4,271 | ▲ 305% |
| Other amounts payable47/48 | - | €1,948 | €11,901 | €3,204 | €2,673 | ▼ 16.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,631 | -€3,123 | -€5,351 | -€4,240 | -€6,309 | ▼ 48.8% |
| + Depreciation and write-downs630 | €13,799 | €14,295 | €14,029 | €13,393 | €13,510 | ▲ 0.9% |
| Operating cash flow (approximation) | €31,430 | €11,172 | €8,678 | €9,153 | €7,201 | ▼ 21.3% |
| Investment in fixed assets (approximation) | - | -€2,128 | -€4,656 | -€2,707 | -€22 | ▲ 99.2% |
| Change in cash | - | €990 | €8,764 | -€9,831 | -€6,042 | ▲ 38.5% |
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
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
31-03
Financial
Weakest financial yearnet -€6,309
Net result drops to -€6,309, the lowest in the series.
2024
02-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €17,631
Net result €17,631 after 2 loss-making years.
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 363 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 · 2 establishment units since 2006
Ground area
1,904 m²
Building footprint
208 m²
Volume, LiDAR
611 m³
2 parcels, Flanders, Wallonia · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Kuvala
since 20062.155.953.771
La Chapelle 10
since 20142.300.616.108
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63045A0776/00K000 | Wallonia | 1,535 m² | 1 · 116 m² | - |
| 11007B0126/00D002 | Flanders | 368 m² | 1 · 92 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-2006
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
55203Holiday cottages, homes and apartments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882916764
Also
9925:BE0882916764
Registered
15-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.