KV Technics
ActiveSummary
KV Technics has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€86,111) and a net result of €5,729. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 8% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+81
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.93 against 2.22 in 2024; short-term debt: 51.9% and cash: 12.6% of total assets), but equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
-143.3%
Return on assets
9.5%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 18626 sector peers (2025).
NBB · sector comparisonPosition among 18626 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-02-2026, 76 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
76 d early
2024
30 d early
2023
43 d early
2022
15 d late
2021
429 d late
2020
130 d early
2019
15 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 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 March (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€86,111▲ 6.2%
2024 · -€91,839
Total assets
€60,082▲ 43.1%
2024 · €41,977
Net result
€5,729
2024 · -€9,004
Working capital
€28,889▲ 25.6%
2024 · €23,009
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€15,703▼ 42.5%€9,092▼ 42.1%€4,009▼ 55.9%-€3,250€6,806
Net result€12,237within the sector's middle half▼ 50.5%€4,718within the sector's middle half▼ 61.4%-€2,387within the sector's middle half-€9,004below the sector's middle half▼ 277%€5,729within the sector's middle half
Equity-€85,166below the sector's middle half▲ 12.6%-€80,448below the sector's middle half▲ 5.5%-€82,835below the sector's middle half▼ 3.0%-€91,839below the sector's middle half▼ 10.9%-€86,111below the sector's middle half▲ 6.2%
Total assets€56,426below the sector's middle half▲ 4.7%€58,237below the sector's middle half▲ 3.2%€51,853below the sector's middle half▼ 11.0%€41,977below the sector's middle half▼ 19.0%€60,082within the sector's middle half▲ 43.1%
Debt€141,593▼ 6.4%€138,685▼ 2.1%€134,688▼ 2.9%€133,816▼ 0.6%€146,193▲ 9.2%
Working capital-€88,740below the sector's middle half▲ 9.5%-€83,189below the sector's middle half▲ 6.3%-€84,744below the sector's middle half▼ 1.9%€23,009within the sector's middle half€28,889within the sector's middle half▲ 25.6%
Solvency-150.9%below the sector's middle half▲ 29.8pp-138.1%below the sector's middle half▲ 12.8pp-159.7%below the sector's middle half▼ 21.6pp-218.8%below the sector's middle half▼ 59.0pp-143.3%below the sector's middle half▲ 75.5pp
Current ratio0.37below the sector's middle half▲ 0.020.40below the sector's middle half▲ 0.030.37below the sector's middle half▼ 0.032.22within the sector's middle half▲ 1.851.93within the sector's middle half▼ 0.30
Return on assets (ROA)21.7%above the sector's middle half▼ 24.2pp8.1%within the sector's middle half▼ 13.6pp-4.6%below the sector's middle half▼ 12.7pp-21.5%below the sector's middle half▼ 16.8pp9.5%within the sector's middle half▲ 31.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,806 after a loss of €3,250 in 2024.
Key figures and ratios
EBITDA
€6,806▲
2024 · -€3,137
Cash flow
€5,729▲
2024 · -€8,890
Quick ratio
1.49▼
2024 · 1.80
Debt to equity
-1.70▼
2024 · -1.46
Interest coverage
7.29▲
2024 · -0.56
Debt ≤ 1 year
€31,193▲
2024 · €18,816
Debt > 1 year
€115,000=
2024 · €115,000
Income taxes
€144▼
2024 · €153
Staff costs
€197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% 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 497,338 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 3,632 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €197 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €694 | €833 | €833 | €114 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,901 | €1,707 | €749 | €1,220 | €1,179 | ▼ 3.3% |
| Non-recurring operating charges66A | - | - | - | €1,643 | €152 | ▼ 90.8% |
| Gross operating margin9900 | €18,298 | €11,632 | €5,591 | -€274 | €8,334 | ▲ 3,141% |
| Operating profit (loss)9901 | €15,703 | €9,092 | €4,009 | -€3,250 | €6,806 | ▲ 309% |
| Financial income75/76B | €103 | €23 | €1 | €1 | €0 | ▼ 50.8% |
| Recurring financial income75 | €103 | €23 | €1 | €1 | €0 | ▼ 50.8% |
| Financial charges65/66B | €3,394 | €4,221 | €6,234 | €5,602 | €934 | ▼ 83.3% |
| Recurring financial charges65 | €3,394 | €4,221 | €6,234 | €5,602 | €934 | ▼ 83.3% |
| Profit (loss) for the period before taxes9903 | €12,412 | €4,893 | -€2,224 | -€8,851 | €5,873 | ▲ 166% |
| Income taxes67/77 | €175 | €175 | €164 | €153 | €144 | ▼ 5.5% |
| Profit (loss) for the period9904 | €12,237 | €4,718 | -€2,387 | -€9,004 | €5,729 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €12,237 | €4,718 | -€2,387 | -€9,004 | €5,729 | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,426 | €58,237 | €51,853 | €41,977 | €60,082 | ▲ 43.1% |
| Fixed assets21/28 | €3,574 | €2,741 | €1,908 | €152 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €3,574 | €2,741 | €1,908 | €152 | €0 | ▼ 100% |
| Land and buildings22 | €493 | €379 | €265 | €152 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €3,081 | €2,362 | €1,643 | €0 | - | - |
| Current assets29/58 | €52,853 | €55,496 | €49,945 | €41,825 | €60,082 | ▲ 43.7% |
| Stocks and contracts in progress3 | €8,507 | €5,525 | €7,371 | €7,907 | €13,739 | ▲ 73.8% |
| Stocks30/36 | €4,947 | €5,525 | €7,371 | €7,907 | €13,739 | ▲ 73.8% |
| Contracts in progress37 | €3,560 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €23,264 | €30,940 | €31,356 | €23,004 | €36,786 | ▲ 59.9% |
| Trade receivables40 | €17,361 | €23,856 | €22,442 | €21,082 | €28,427 | ▲ 34.8% |
| Other amounts receivable41 | €5,903 | €7,084 | €8,913 | €1,923 | €8,359 | ▲ 335% |
| Cash at bank and in hand54/58 | €19,072 | €17,806 | €9,411 | €10,407 | €7,562 | ▼ 27.3% |
| Deferred charges and accrued income490/1 | €2,010 | €1,225 | €1,807 | €506 | €1,995 | ▲ 294% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,426 | €58,237 | €51,853 | €41,977 | €60,082 | ▲ 43.1% |
| Equity10/15 | -€85,166 | -€80,448 | -€82,835 | -€91,839 | -€86,111 | ▲ 6.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€105,166 | -€100,448 | -€102,835 | -€111,839 | -€106,111 | ▲ 5.1% |
| Amounts payable17/49 | €141,593 | €138,685 | €134,688 | €133,816 | €146,193 | ▲ 9.2% |
| Amounts payable after more than one year17 | - | - | - | €115,000 | €115,000 | = |
| Other amounts payable178/9 | - | - | - | €115,000 | €115,000 | = |
| Amounts payable within one year42/48 | €141,593 | €138,685 | €134,688 | €18,816 | €31,193 | ▲ 65.8% |
| Current portion of amounts payable after more than one year42 | €5,000 | €5,000 | €5,000 | €0 | - | - |
| Financial debts43 | €125,000 | €125,000 | €125,000 | €0 | - | - |
| Credit institutions430/8 | €125,000 | €125,000 | €125,000 | €0 | - | - |
| Trade debts44 | €8,476 | €7,779 | €3,998 | €13,214 | €28,463 | ▲ 115% |
| Suppliers440/4 | €8,476 | €7,779 | €3,998 | €13,214 | €28,463 | ▲ 115% |
| Taxes, remuneration and social security45 | €2,383 | €365 | €690 | €1,401 | €2,730 | ▲ 94.9% |
| Taxes450/3 | €677 | €365 | €690 | €1,401 | €927 | ▼ 33.8% |
| Remuneration and social security454/9 | €1,707 | - | - | - | €1,803 | - |
| Other amounts payable47/48 | €733 | €541 | €0 | €4,201 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,237 | €4,718 | -€2,387 | -€9,004 | €5,729 | ▲ 164% |
| + Depreciation and write-downs630 | €694 | €833 | €833 | €114 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €12,931 | €5,551 | -€1,555 | -€8,890 | €5,729 | ▲ 164% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1,643 | €152 | ▼ 90.8% |
| Change in cash | - | -€1,266 | -€8,395 | €997 | -€2,845 | ▼ 386% |
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
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €5,729
Net result €5,729 after 2 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 6current ratio 2.22
Current ratio from 0.37 to 2.22; short-term debt falls from €134,688 to €18,816.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 429 days late
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-09
Financial
Back to profitnet €24,712
Net result €24,712 after 2 loss-making years.
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Wervik · 1 establishment unit since 2016
Ground area
1,068 m²
Building footprint
191 m²
Volume, LiDAR
679 m³
Parcel 33009C0939/00Y000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KV Technics
since 20162.250.587.565
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009C0939/00Y000 | Flanders | 1,068 m² | 1 · 191 m² | 5.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 36 EUR awarded · 36 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 36 EUR |
| 2022 | 1 | 36 EUR | 0 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 endedAanvuller (so)
Winkelbediende (so)
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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 12,951 companies in sector 47120 we hold annual accounts for 2,192. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-02-2016
Fiscal year end30-09
Activities, NACEBEL 2025
47120Other non-specialised retail sale
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0648860219
Registered
27-03-2026
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.