KUVECO
ActiveKUVECO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €54k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-6
Solvency76▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 2.76 in 2024; short-term debt: 25.7% and cash: 30.1% of total assets), and 48.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
51.5%
Return on assets
8.1%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
34 d early
2023
7 d early
2022
108 d early
2021
111 d early
2020
12 d early
2019
30 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€345k▲ 6.6%
2024 · €324k
2018: €74k
2019: €80k
2020: €93k
2021: €113k
2022: €172k
2023: €239k
2024: €324k
2018 → 2025
Total assets
€670k▲ 3.9%
2024 · €645k
2018: €482k
2019: €422k
2020: €470k
2021: €507k
2022: €653k
2023: €669k
2024: €645k
2018 → 2025
Net result
€54k▼ 36.0%
2024 · €85k
2018: €15k
2019: €7k
2020: €12k
2021: €21k
2022: €58k
2023: €67k
2024: €85k
2018 → 2025
Working capital
€249k▲ 14.8%
2024 · €217k
2018: €-22k
2019: €10k
2020: €39k
2021: €78k
2022: €111k
2023: €149k
2024: €217k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€172k▲ 51.3%€239k▲ 39.2%€324k▲ 35.6%€345k▲ 6.6%
Operating result€33k-€84k▲ 154%€100k▲ 19.9%€126k▲ 25.4%€78k▼ 38.0%
Net result€21k-€58k▲ 184%€67k▲ 15.5%€85k▲ 26.3%€54k▼ 36.0%
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 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €670k
Fixed assets
€250k▼ 18.4%
Current assets
€421k▲ 24.0%
Equity and liabilities €670k
Equity
€345k▲ 6.6%
Debt
€325k▲ 1.2%
The debt ratio falls from 49.8% to 48.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€138k▼
2024 · €185k
Cash flow
€115k▼
2024 · €144k
Solvency
51.5%▲
2024 · 50.2%
Current ratio
2.45▼
2024 · 2.76
Quick ratio
2.42▼
2024 · 2.76
Debt / equity
0.94▼
2024 · 0.99
ROE
15.8%▼
2024 · 26.2%
ROA
8.1%▼
2024 · 13.2%
Interest coverage
30.19▲
2024 · 30.03
Debt
€325k▲
2024 · €322k
Debt ≤ 1 year
€172k▲
2024 · €123k
Debt > 1 year
€112k▼
2024 · €163k
Income taxes
€22k▼
2024 · €36k
Staff costs
€23k▼
2024 · €52k
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€645k€670k▲
Fixed assets21/28€306k€250k▼
Tangible fixed assets22/27€306k€250k▼
Land and buildings22€192k€175k▼
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€102k€66k▼
Current assets29/58€340k€421k▲
Stocks and contracts in progress3€0€5k▲
Stocks30/36€0€5k▲
Amounts receivable within one year40/41€56k€32k▼
Trade receivables40€44k€22k▼
Other amounts receivable41€11k€10k▼
Current investments50/53-€175k
Cash at bank and in hand54/58€277k€202k▼
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€645k€670k▲
Equity10/15€324k€345k▲
Contributions10/11€20k€20k=
Reserves13€304k€325k▲
Distributable reserves133€304k€325k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€322k€325k▲
Amounts payable after more than one year17€163k€112k▼
Financial debts170/4€161k€110k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€123k€172k▲
Current portion of amounts payable after more than one year42€53k€55k▲
Trade debts44€49k€60k▲
Suppliers440/4€49k€60k▲
Taxes, remuneration and social security45€21k€34k▲
Taxes450/3€19k€33k▲
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48-€23k
Accrued charges and deferred income492/3€35k€41k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€52k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€60k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€240k€165k▼
Operating profit (loss)9901€126k€78k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€120k€76k▼
Income taxes67/77€36k€22k▼
Profit (loss) for the period9904€85k€54k▼
Profit (loss) for the period to be appropriated9905€85k€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€54k▼
Transfer from equity791/2-€33k
Transfer to equity691/2€85k€54k▼
To other reserves6921€85k€54k▼
Profit to be distributed694/7-€33k
Return on contributions (dividend)694-€33k
The notes to these accounts (11 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
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €85k ▲26.3%
Operating result €126k, net result €85k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €239k ▲39.2%
6 profitable years in a row build equity to €239k.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €172k ▲51.3%
5 profitable years in a row build equity to €172k.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €113k ▲22.1%
4 profitable years in a row build equity to €113k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €7k ▼54.5%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
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.
Directors · office · real estate
Directors
6 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, Brugge · 1 establishment unit since 2005
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.
Ten Briele 168200 BruggeGround area
5,462 m²
Building footprint
2,349 m²
Volume, LiDAR
15,728 m³
Parcel 31512B0238/00T000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kuveco
since 20052.147.095.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0238/00T000 | Flanders | 5,462 m² | 1 · 2,349 m² | 7.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 1 endedBinnen- en buitenschrijnwerk duaal (so)
Medewerker hout duaal (so)
Similar companies · same sector, comparable size
DADDA METALS
BE 0647.732.148
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JVC MACHINING
BE 0885.090.950
Bilzen-Hoeselt · Eq €345k
DE SAEDELEER
BE 0453.001.381
Erpe-Mere · Eq €345k
BRAM
BE 0460.624.591
Temse · Eq €345k
Jofa
BE 0536.479.680
Roeselare · Eq €345k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 6,661 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2005
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.