Losses
-€7,111 in three years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
KVB
Lifetime
19 annual accounts with figures on one time axis, 31 filings since 1994peak €96,616 (2012)
€90,443▲ 23.5%
lowest -€26,022 (2019)
-€428▲ €1,176
peak €140,689 (2015)
€133,705▼ 0.3%
€76,279▼ 32.0%
peak 1 FTE (2006)
-not published
Board1 name since 2021
1 directorAlain Van Bever
Documentsfilings and deeds
30-10-202691 days late
2025micro format
Gross margin from €73,239 to €90,443Loss of €428Debts from €112,127 to €76,279Cash from €14,705 to €43,564
Key points
from the 2025 annual accountsChecked score
56
Fair
Financially stronger than 50% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 3.0%▲ +1.7 percentage points vs 12-2024
02-2025: 3.0%● unchanged vs 01-2025
03-2025: 3.2%▲ +0.2 percentage points vs 02-2025
04-2025: 2.9%▼ -0.3 percentage points vs 03-2025
05-2025: 2.9%● unchanged vs 04-2025
06-2025: 2.9%● unchanged vs 05-2025
07-2025: 2.9%● unchanged vs 06-2025
08-2025: 4.9%▲ +2.0 percentage points vs 07-2025highest value
09-2025: 4.9%● unchanged vs 08-2025highest value
10-2025: 0.8%▼ -4.1 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026
09-2026: 1.3%▲ +0.2 percentage points vs 08-2026
10-2026: 0.3%▼ -1.0 percentage point vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 91 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1994
Liquidity: current ratio 2.93, cash €43,564
Equity €133,705 (63.7% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 69% of them on solvency, 64% on liquidity, 34% on profitability and 34% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as KVB has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KVB itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for KVB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is ample, with a current ratio of 2.93 (2.26 in 2024), above the usual 1.5. Short-term debt is 26.1% and cash 20.7% of total assets. 36.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 91 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-10-2026, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
91 days late
2024
43 days late
2022
on the day
2021
32 days late
2020
26 days late
2019
66 days late
2018
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 50 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 September (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451893405
Resignation: Alain Van Bever (manager)
Reappointment: Alain Van Bever (director) · Director discharge: Alain Van Bever · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 03-11-2023 · Gazette deed
First establishment
de Peuthystraat 2, Huldenberg
Incorporation
published on 05-03-1994 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KVB Overijse | €209,984 | €90,443 | 63.7% | - |
| A.M. TRAVAUX Fontaine-l'Evêque | €234,737 | €81,255 | 74.1% | - |
| SRL DEFROIDMONT MAINTENANCE Oupeye | €233,409 | €82,942 | 63.8% | - |
| Loodgieter Janssens Hulshout | €175,843 | €94,187 | 61.0% | - |
| CHAUFFAGE COURTOIS Couvin | €179,136 | €100,971 | 66.4% | - |
| FRIGOTEC Bonheiden | €215,053 | €69,212 | 76.6% | - |
| CHAUFFAGE GROUP L. Zemst | €221,195 | €117,635 | 87.3% | - |
These companies have the same main activity as KVB: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €176,000 and €235,000, founded between 1991 and 1998.
Official details
Source: KBO- Status
- Active since 10-02-1994Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 3 others
- Establishment unit
- 2.065.692.1053040 Huldenberg, since 24-02-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Insights on KVB
KVB files the micro format. That format states no turnover. The gross margin rose from €31,917 in 2006 to €90,443 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KVB
- What is the company number of KVB?
- The company number of KVB is 0451.893.405. The VAT number is the same number with BE in front: BE 0451.893.405.
- Where is KVB based?
- The registered office is at P.I. Taymansstraat 52, 3090 Overijse.Company details
- What does KVB do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of KVB?
- KVB is a private limited company (BV).
- When was KVB founded?
- KVB was founded on 10-02-1994.
- Is KVB still active?
- Yes, KVB is an active enterprise in the KBO register.
- How many employees does KVB have?
- KVB had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of KVB?
- The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €90,443 and 30 comparable companies (NACE 43222). It probably lies between €280,000 and €480,000.
- Is KVB profitable?
- In financial year 2025, KVB made a loss of €428.
- Where can I find the annual accounts of KVB?
- KVB filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KVB due?
- KVB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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