KV PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of KV PROJECT is 3.2% (moderate). The 2025 annual accounts show equity of €116k and a net result of €1k. Equity is growing by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 27786 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-14
Solvency55▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.52 in 2024; short-term debt: 59.7% and cash: 1.3% of total assets), and 70.4% of the assets are financed with debt.
Credit advice 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
29.6%
Return on assets
0.3%
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 12-07-2026, 19 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
19 d early
2024
61 d late
2023
75 d late
2022
309 d late
2021
61 d late
2020
234 d late
2019
280 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€116k▲ 1.1%
2024 · €115k
2019: €22k
2020: €37k
2021: €45k
2022: €55k
2023: €73k
2024: €115k
2019 → 2025
Total assets
€391k▲ 7.0%
2024 · €365k
2019: €211k
2020: €146k
2021: €221k
2022: €232k
2023: €270k
2024: €365k
2019 → 2025
Net result
€1k▼ 96.9%
2024 · €41k
2019: €40k
2020: €15k
2021: €8k
2022: €10k
2023: €18k
2024: €41k
2019 → 2025
Working capital
€109k▲ 6.4%
2024 · €103k
2019: €95k
2020: €25k
2021: €25k
2022: €29k
2023: €63k
2024: €103k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€55k▲ 22.5%€73k▲ 33.6%€115k▲ 55.8%€116k▲ 1.1%
Operating result€10k-€15k▲ 40.4%€69k▲ 371%€54k▼ 22.2%€4k▼ 92.1%
Net result€8k-€10k▲ 26.0%€18k▲ 82.9%€41k▲ 122%€1k▼ 96.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €391k
Fixed assets
€48k ▼ 25.4%
Current assets
€343k ▲ 13.9%
Equity and liabilities €391k
Equity
€116k ▲ 1.1%
Debt
€275k ▲ 9.6%
Debt's share of the balance-sheet total rises from 68.6% to 70.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▼
2024 · €70k
Cash flow
€18k▼
2024 · €57k
Current ratio
1.47▼
2024 · 1.52
Debt to equity
2.37▲
2024 · 2.19
ROE
1.1%▼
2024 · 35.8%
ROA
0.3%▼
2024 · 11.2%
Interest coverage
7.92▼
2024 · 64.97
Debt ≤ 1 year
€233k▲
2024 · €198k
Debt > 1 year
€41k▼
2024 · €53k
Income taxes
€385▼
2024 · €12k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€365k€391k▲
Fixed assets21/28€64k€48k▼
Tangible fixed assets22/27€63k€46k▼
Furniture and vehicles24€63k€46k▼
Financial fixed assets28€2k€2k=
Current assets29/58€301k€343k▲
Amounts receivable within one year40/41€276k€337k▲
Trade receivables40€147k€184k▲
Other amounts receivable41€129k€153k▲
Cash at bank and in hand54/58€24k€5k▼
Deferred charges and accrued income490/1€676-
Equity and liabilities
Total equity and liabilities10/49€365k€391k▲
Equity10/15€115k€116k▲
Contributions10/11€7k€7k=
Profit (loss) carried forward14€108k€109k▲
Amounts payable17/49€251k€275k▲
Amounts payable after more than one year17€53k€41k▼
Financial debts170/4€53k€41k▼
Amounts payable within one year42/48€198k€233k▲
Current portion of amounts payable after more than one year42€12k€13k▲
Financial debts43-€709
Credit institutions430/8-€709
Trade debts44€140k€174k▲
Suppliers440/4€140k€174k▲
Advances received on contracts in progress46€34k€34k=
Taxes, remuneration and social security45€12k€12k▲
Taxes450/3€12k€12k▲
Remuneration and social security454/9€60€60=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▲
Other operating charges640/8€2k€7k▲
Gross operating margin9900€72k€28k▼
Operating profit (loss)9901€54k€4k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€53k€2k▼
Income taxes67/77€12k€385▼
Profit (loss) for the period9904€41k€1k▼
Profit (loss) for the period to be appropriated9905€41k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€108k€109k▲
Profit (loss) brought forward from the previous period14P€67k€108k▲
The notes to these accounts (6 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
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €1k ▼96.9%
Net result drops to €1k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2019net €41k ▲122%
Net result €41k, the highest in the series.
31-12
Financial
Equity above €100kEq €115k ▲55.8%
6 profitable years in a row build equity to €115k.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 309 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 234 days late
2021
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 280 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ukkel · 1 establishment unit since 2018
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.
Roetaertstraat 631180 UkkelGround area
531 m²
Building footprint
208 m²
Volume, LiDAR
2,522 m³
2 parcels, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
KV PROJECT
since 20182.281.917.377
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0038/00T003 | Brussels | 287 m² | 1 · 58 m² | 12.0 m · 3 fl. |
| 21618B0278/00N016 | Brussels | 244 m² | 1 · 149 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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QUALIVIE DISTRIBUTION
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Soignies · Eq €115,794
MARGO DESIGN
BE 0451.110.079
Zedelgem · Eq €115,857
RQ-POOLS
BE 0759.858.804
Aalter · Eq €115,871
Vebeka
BE 0780.480.113
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,206 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.