KUVATRA
ActiveSummary
KUVATRA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301,229 and a net result of €109,740. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 1886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-1
Solvency43▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.86 in 2024; short-term debt: 31.5% and cash: 13.6% of total assets), and 81.5% of the assets are financed with debt.
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Signals
Five 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
18.5%
Return on assets
6.7%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1886 sector peers (2025).
NBB · sector comparisonPosition among 1886 sector peers
Solvency
better than 24%
← weakest
strongest →
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 17-03-2026, 136 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
136 d early
2024
141 d early
2023
104 d early
2022
33 d early
2021
3 d early
2020
9 d early
2019
11 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 62 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed 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. Usually files around 19 April (4 of the last 5 filed years within 70 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€301,229▲ 57.3%
2024 · €191,488
Total assets
€1.6m▲ 22.8%
2024 · €1.3m
Net result
€109,740▲ 13.5%
2024 · €96,678
Working capital
-€23,981▲ 57.2%
2024 · -€56,036
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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€30,245▼ 38.1%€135,275▲ 347%€72,373▼ 46.5%€168,397▲ 133%€185,754▲ 10.3%
Net result€25,253above the sector's middle half▼ 36.4%€124,020above the sector's middle half▲ 391%€35,766above the sector's middle half▼ 71.2%€96,678within the sector's middle half▲ 170%€109,740above the sector's middle half▲ 13.5%
Equity€130,024above the sector's middle half▲ 24.1%€209,043above the sector's middle half▲ 60.8%€244,810above the sector's middle half▲ 17.1%€191,488within the sector's middle half▼ 21.8%€301,229within the sector's middle half▲ 57.3%
Total assets€454,024above the sector's middle half▲ 52.9%€973,145above the sector's middle half▲ 114%€1.3mabove the sector's middle half▲ 37.7%€1.3mwithin the sector's middle half▼ 0.8%€1.6mwithin the sector's middle half▲ 22.8%
Debt€324,000▲ 68.6%€764,101▲ 136%€1.1m▲ 43.3%€1.1m▲ 3.9%€1.3m▲ 17.0%
Working capital€45,506within the sector's middle half▲ 36.2%€38,145within the sector's middle half▼ 16.2%-€2,054within the sector's middle half-€56,036below the sector's middle half▼ 2,629%-€23,981below the sector's middle half▲ 57.2%
Solvency28.6%within the sector's middle half▼ 6.6pp21.5%within the sector's middle half▼ 7.2pp18.3%within the sector's middle half▼ 3.2pp14.4%below the sector's middle half▼ 3.9pp18.5%below the sector's middle half▲ 4.0pp
Current ratio1.30within the sector's middle half▼ 0.021.13within the sector's middle half▼ 0.170.99within the sector's middle half▼ 0.140.86below the sector's middle half▼ 0.130.95within the sector's middle half▲ 0.09
Return on assets (ROA)5.6%within the sector's middle half▼ 7.8pp12.7%within the sector's middle half▲ 7.2pp2.7%within the sector's middle half▼ 10.1pp7.3%within the sector's middle half▲ 4.6pp6.7%within the sector's middle half▼ 0.5pp
Staff (FTE)1.8▲ 125%2.5▲ 38.9%2.9▲ 16.0%2.4below the sector's middle half▼ 17.2%3.6within the sector's middle half▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.1m ▲ 17.7%
Current assets
€490,520 ▲ 36.6%
Equity and liabilities €1.6m
Equity
€301,229 ▲ 57.3%
Debt
€1.3m ▲ 17.0%
Debt's share of the balance-sheet total falls from 85.6% to 81.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€430,993▲
2024 · €353,963
Cash flow
€354,980▲
2024 · €282,244
Debt to equity
4.42▼
2024 · 5.94
ROE
36.4%▼
2024 · 50.5%
Interest coverage
8.60▼
2024 · 8.75
Debt ≤ 1 year
€514,501▲
2024 · €415,066
Debt > 1 year
€816,162▲
2024 · €722,711
Income taxes
€25,925▼
2024 · €31,250
Staff costs
€255,536▲
2024 · €164,830
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,713 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 | - | - | - | - | €29,528 | - |
| Remuneration, social security and pensions62 | €105,062 | €138,945 | €177,192 | €164,830 | €255,536 | ▲ 55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,818 | €119,576 | €195,989 | €185,566 | €245,240 | ▲ 32.2% |
| Other operating charges640/8 | €3,021 | €3,274 | €7,286 | €14,629 | €12,223 | ▼ 16.4% |
| Gross operating margin9900 | €207,146 | €397,071 | €452,840 | €533,423 | €698,753 | ▲ 31.0% |
| Operating profit (loss)9901 | €30,245 | €135,275 | €72,373 | €168,397 | €185,754 | ▲ 10.3% |
| Financial income75/76B | €45 | €18 | €6 | €1 | €1 | ▼ 57.6% |
| Recurring financial income75 | €45 | €18 | €6 | €1 | €1 | ▼ 57.6% |
| Financial charges65/66B | €4,793 | €8,179 | €32,625 | €40,470 | €50,088 | ▲ 23.8% |
| Recurring financial charges65 | €4,793 | €8,179 | €32,625 | €40,470 | €50,088 | ▲ 23.8% |
| Profit (loss) for the period before taxes9903 | €25,497 | €127,115 | €39,753 | €127,929 | €135,666 | ▲ 6.0% |
| Income taxes67/77 | €243 | €3,095 | €3,987 | €31,250 | €25,925 | ▼ 17.0% |
| Profit (loss) for the period9904 | €25,253 | €124,020 | €35,766 | €96,678 | €109,740 | ▲ 13.5% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €14,028 | - |
| Profit (loss) for the period to be appropriated9905 | €25,253 | €124,020 | €35,766 | €96,678 | €95,712 | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €454,024 | €973,145 | €1.3m | €1.3m | €1.6m | ▲ 22.8% |
| Fixed assets21/28 | €257,661 | €648,329 | €1.0m | €970,235 | €1.1m | ▲ 17.7% |
| Intangible fixed assets21 | €3,159 | €2,659 | €2,159 | €1,659 | €1,159 | ▼ 30.1% |
| Tangible fixed assets22/27 | €254,367 | €645,130 | €1.0m | €968,036 | €1.1m | ▲ 17.8% |
| Land and buildings22 | - | - | €402,455 | €385,503 | €368,551 | ▼ 4.4% |
| Plant, machinery and equipment23 | €1,443 | €1,182 | €4,178 | €11,397 | €12,508 | ▲ 9.8% |
| Furniture and vehicles24 | €192,394 | €121,974 | €77,346 | €29,712 | €73,128 | ▲ 146% |
| Leasing and similar rights25 | €60,531 | €521,974 | €536,077 | €541,425 | €685,744 | ▲ 26.7% |
| Financial fixed assets28 | €135 | €540 | €540 | €540 | €675 | ▲ 25.0% |
| Current assets29/58 | €196,363 | €324,815 | €316,789 | €359,031 | €490,520 | ▲ 36.6% |
| Amounts receivable within one year40/41 | €96,722 | €164,462 | €176,506 | €112,704 | €229,450 | ▲ 104% |
| Trade receivables40 | €96,060 | €163,748 | €170,493 | €105,855 | €227,928 | ▲ 115% |
| Other amounts receivable41 | €663 | €714 | €6,013 | €6,849 | €1,522 | ▼ 77.8% |
| Cash at bank and in hand54/58 | €96,599 | €136,962 | €114,220 | €211,904 | €221,370 | ▲ 4.5% |
| Deferred charges and accrued income490/1 | €3,041 | €23,391 | €26,063 | €34,422 | €39,700 | ▲ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €454,024 | €973,145 | €1.3m | €1.3m | €1.6m | ▲ 22.8% |
| Equity10/15 | €130,024 | €209,043 | €244,810 | €191,488 | €301,229 | ▲ 57.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €111,424 | €190,443 | €226,210 | €172,888 | €282,629 | ▲ 63.5% |
| Tax-exempt reserves132 | - | - | - | - | €14,028 | - |
| Distributable reserves133 | €111,424 | €190,443 | €226,210 | €172,888 | €268,600 | ▲ 55.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €324,000 | €764,101 | €1.1m | €1.1m | €1.3m | ▲ 17.0% |
| Amounts payable after more than one year17 | €172,597 | €477,431 | €775,539 | €722,711 | €816,162 | ▲ 12.9% |
| Financial debts170/4 | €172,597 | €477,431 | €775,539 | €722,711 | €816,162 | ▲ 12.9% |
| Amounts payable within one year42/48 | €150,856 | €286,670 | €318,842 | €415,066 | €514,501 | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | €72,380 | €149,156 | €189,373 | €197,165 | €268,413 | ▲ 36.1% |
| Financial debts43 | - | - | - | €3,812 | €6,361 | ▲ 66.9% |
| Credit institutions430/8 | - | - | - | €3,812 | €6,361 | ▲ 66.9% |
| Trade debts44 | €28,564 | €45,882 | €41,506 | €50,620 | €45,631 | ▼ 9.9% |
| Suppliers440/4 | €28,564 | €45,882 | €41,506 | €50,620 | €45,631 | ▼ 9.9% |
| Taxes, remuneration and social security45 | €47,770 | €62,825 | €74,360 | €82,491 | €127,700 | ▲ 54.8% |
| Taxes450/3 | €32,091 | €36,446 | €44,926 | €51,064 | €75,651 | ▲ 48.1% |
| Remuneration and social security454/9 | €15,679 | €26,379 | €29,434 | €31,427 | €52,049 | ▲ 65.6% |
| Other amounts payable47/48 | €2,142 | €28,808 | €13,604 | €80,978 | €66,396 | ▼ 18.0% |
| Accrued charges and deferred income492/3 | €546 | - | €352 | €0 | €393 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,253 | €124,020 | €35,766 | €96,678 | €109,740 | ▲ 13.5% |
| + Depreciation and write-downs630 | €68,818 | €119,576 | €195,989 | €185,566 | €245,240 | ▲ 32.2% |
| Operating cash flow (approximation) | €94,072 | €243,595 | €231,755 | €282,244 | €354,980 | ▲ 25.8% |
| Investment in fixed assets (approximation) | - | -€510,244 | -€570,414 | -€133,046 | -€416,770 | ▼ 213% |
| Change in cash | - | €40,363 | -€22,742 | €97,684 | €9,466 | ▼ 90.3% |
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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200,000Eq €301,229 ▲57.3%
7 profitable years in a row build equity to €301,229.
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €124,020 ▲391%
Net result €124,020, the highest in the series.
31-12
Financial
Equity above €200,000Eq €209,043 ▲60.8%
4 profitable years in a row build equity to €209,043.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €25,253 ▼36.4%
Net result drops to €25,253, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €104,770 ▲61%
2 profitable years in a row build equity to €104,770.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Harelbeke · 1 establishment unit since 2018
Ground area
305 m²
Building footprint
114 m²
Parcel 34323D1452/00F005, Flanders. Linked by address, not a title deed.
1 establishment unit
KUVATRA
since 20182.275.853.194
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1452/00F005 | Flanders | 305 m² | 1 · 114 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 10,916 EUR awarded · 10,916 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 721 EUR | 721 EUR |
| 2024 | 1 | 773 EUR | 773 EUR |
| 2023 | 1 | 80 EUR | 80 EUR |
| 2022 | 2 | 9,342 EUR | 9,342 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteHarelbeke2.275.853.194
Legal Entity Identifier
6488UT2S615U6NM37D90
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 5,850 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
Founded27-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695542557
Also
9925:BE0695542557
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.