KVA
ActiveSummary
KVA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €330,180 and a net result of €60,963. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 240 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+8
Solvency86▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 5.73 against 4.19 in 2023; short-term debt: 12.1% and cash: 42% of total assets), and 39.1% of the assets are financed with debt.
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Signals
Two 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 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
2 d early
2022
48 d early
2021
20 d early
2020
43 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€330,180▲ 22.6%
2023 · €269,217
Total assets
€542,444▲ 4.0%
2023 · €521,379
Net result
€60,963▲ 151%
2023 · €24,313
Working capital
€310,628▲ 36.3%
2023 · €227,957
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€32,913€90,798▲ 176%€95,992▲ 5.7%€38,847▼ 59.5%€88,268▲ 127%
Net result€21,562€61,779▲ 187%€78,836▲ 27.6%€24,313▼ 69.2%€60,963▲ 151%
Equity€104,288▲ 26.1%€166,068▲ 59.2%€244,904▲ 47.5%€269,217▲ 9.9%€330,180▲ 22.6%
Total assets€184,766▼ 4.2%€234,438▲ 26.9%€572,123▲ 144%€521,379▼ 8.9%€542,444▲ 4.0%
Debt€80,477▼ 26.9%€68,370▼ 15.0%€327,219▲ 379%€252,162▼ 22.9%€212,264▼ 15.8%
Working capital€62,600▲ 67.8%€158,237▲ 153%€180,613▲ 14.1%€227,957▲ 26.2%€310,628▲ 36.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 127% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €542,444
Fixed assets
€166,187 ▼ 25.1%
Current assets
€376,257 ▲ 25.6%
Equity and liabilities €542,444
Equity
€330,180 ▲ 22.6%
Debt
€212,264 ▼ 15.8%
Debt's share of the balance-sheet total falls from 48.4% to 39.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€143,991▲
2023 · €94,621
Cash flow
€116,686▲
2023 · €80,086
Current ratio
5.73▲
2023 · 4.19
Debt to equity
0.64▼
2023 · 0.94
ROE
18.5%▲
2023 · 9.0%
ROA
11.2%▲
2023 · 4.7%
Interest coverage
57.16▲
2023 · 33.34
Debt ≤ 1 year
€65,629▼
2023 · €71,511
Debt > 1 year
€146,635▼
2023 · €180,419
Income taxes
€24,929▲
2023 · €11,696
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,297 | €42,538 | €8,422 | €55,773 | €55,723 | ▼ 0.1% |
| Other operating charges640/8 | - | €4,185 | €5,096 | €4,587 | €5,717 | ▲ 24.6% |
| Gross operating margin9900 | €79,344 | €137,521 | €109,510 | €99,208 | €149,708 | ▲ 50.9% |
| Operating profit (loss)9901 | €32,913 | €90,798 | €95,992 | €38,847 | €88,268 | ▲ 127% |
| Financial income75/76B | - | €200 | €0 | - | €143 | - |
| Recurring financial income75 | - | €200 | €0 | - | €143 | - |
| Financial charges65/66B | - | €1,877 | €884 | €2,838 | €2,519 | ▼ 11.2% |
| Recurring financial charges65 | €1,444 | €1,877 | €884 | €2,838 | €2,519 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €31,469 | €89,122 | €95,108 | €36,009 | €85,892 | ▲ 139% |
| Income taxes67/77 | €9,906 | €27,342 | €16,272 | €11,696 | €24,929 | ▲ 113% |
| Profit (loss) for the period9904 | €21,562 | €61,779 | €78,836 | €24,313 | €60,963 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €21,562 | €61,779 | €78,836 | €24,313 | €60,963 | ▲ 151% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €184,766 | €234,438 | €572,123 | €521,379 | €542,444 | ▲ 4.0% |
| Fixed assets21/28 | €50,676 | €9,106 | €277,684 | €221,910 | €166,187 | ▼ 25.1% |
| Tangible fixed assets22/27 | €50,541 | €8,971 | €277,549 | €221,775 | €166,052 | ▼ 25.1% |
| Furniture and vehicles24 | - | €8,971 | €856 | €483 | €290 | ▼ 40.0% |
| Leasing and similar rights25 | - | - | €276,692 | €221,292 | €165,762 | ▼ 25.1% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €134,089 | €225,332 | €294,439 | €299,468 | €376,257 | ▲ 25.6% |
| Amounts receivable within one year40/41 | €58,226 | €137,064 | €121,712 | €193,333 | €141,938 | ▼ 26.6% |
| Trade receivables40 | - | €137,064 | €118,100 | €103,333 | €64,510 | ▼ 37.6% |
| Other amounts receivable41 | - | €0 | €3,611 | €90,000 | €77,428 | ▼ 14.0% |
| Cash at bank and in hand54/58 | €73,076 | €87,057 | €170,104 | €100,035 | €228,048 | ▲ 128% |
| Deferred charges and accrued income490/1 | - | €1,212 | €2,624 | €6,100 | €6,270 | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €184,766 | €234,438 | €572,123 | €521,379 | €542,444 | ▲ 4.0% |
| Equity10/15 | €104,288 | €166,068 | €244,904 | €269,217 | €330,180 | ▲ 22.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €85,688 | €147,468 | €226,304 | €250,617 | €311,580 | ▲ 24.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €145,608 | €224,444 | €250,617 | €311,580 | ▲ 24.3% |
| Amounts payable17/49 | €80,477 | €68,370 | €327,219 | €252,162 | €212,264 | ▼ 15.8% |
| Amounts payable after more than one year17 | €8,988 | €0 | €212,891 | €180,419 | €146,635 | ▼ 18.7% |
| Financial debts170/4 | - | €0 | €212,891 | €180,419 | €146,635 | ▼ 18.7% |
| Amounts payable within one year42/48 | €71,489 | €67,095 | €113,826 | €71,511 | €65,629 | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | - | €8,988 | €34,109 | €33,454 | €33,784 | ▲ 1.0% |
| Trade debts44 | €9,804 | €7,877 | €40,010 | €18,868 | €9,587 | ▼ 49.2% |
| Suppliers440/4 | - | €7,877 | €40,010 | €18,868 | €9,587 | ▼ 49.2% |
| Taxes, remuneration and social security45 | - | €26,755 | €13,586 | €14,924 | €15,633 | ▲ 4.8% |
| Taxes450/3 | - | €26,755 | €13,586 | €14,924 | €15,633 | ▲ 4.8% |
| Other amounts payable47/48 | - | €23,475 | €26,121 | €4,265 | €6,625 | ▲ 55.3% |
| Accrued charges and deferred income492/3 | - | €1,275 | €502 | €232 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,562 | €61,779 | €78,836 | €24,313 | €60,963 | ▲ 151% |
| + Depreciation and write-downs630 | €42,297 | €42,538 | €8,422 | €55,773 | €55,723 | ▼ 0.1% |
| Operating cash flow (approximation) | €63,859 | €104,317 | €87,258 | €80,086 | €116,686 | ▲ 45.7% |
| Investment in fixed assets (approximation) | - | -€967 | -€277,000 | €0 | €0 | - |
| Change in cash | - | €13,981 | €83,047 | -€70,069 | €128,013 | ▲ 283% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €78,836 ▲27.6%
Operating result €95,992, net result €78,836, both a record.
31-12
Financial
Equity above €200,000Eq €244,904 ▲47.5%
3 profitable years in a row build equity to €244,904.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €166,068 ▲59.2%
2 profitable years in a row build equity to €166,068.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €21,562
Net result €21,562 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €104,288 ▲26.1%
Equity rises from €82,726 to €104,288.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€5,521
Net result drops to -€5,521, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
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 2 acts read
About the unread acts
We know of 2 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
2 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, Ardooie · 1 establishment unit since 2017
Ground area
1,437 m²
Building footprint
95 m²
Volume, LiDAR
624 m³
Parcel 36001D0463/00E000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KURT VANNIEUWENHUYSE BVBA
since 20172.261.236.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001D0463/00E000 | Flanders | 1,437 m² | 1 · 95 m² | 10.2 m · 2 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.
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Of 279 companies in sector 38330 we hold annual accounts for 240. 156 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
Founded27-01-2017
Fiscal year end31-12
Trade name NL
KURT VANNIEUWENHUYSE
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
49410Freight transport by road
64210Activities of holding companies
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.