KVC Management
ActiveSummary
KVC Management has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €236k and a net result of €44k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+15
Solvency43▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.47 in 2024; short-term debt: 12.2% and cash: 7.8% of total assets), and 81.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
18.4%
Return on assets
3.4%
Age of the figures
12 mo
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 30-04-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
on the day
2022
on the day
2021
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€183k
2022 · €0
2022: €0
2023: €183k
2022 → 2023
EBIT margin
28.0%
Net result
€44k▲ 21.3%
2024 · €36k
2021: €8klowest in 5 years
2022: €39k▲ +409% vs 2021
2023: €26k▼ -35.0% vs 2022
2024: €36k▲ +40.8% vs 2023
2025: €44k▲ +21.3% vs 2024highest in 5 years
2021 → 2025
Working capital
€-37k▲ 53.5%
2024 · €-79k
2021: €59k
2022: €85k▲ +43.3% vs 2021
2023: €147k▲ +73.8% vs 2022highest in 5 years
2024: €-79k▼ -154% vs 2023lowest in 5 years
2025: €-37k▲ +53.5% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€183k
2022: €0
2023: €183k
Equity€92k-€131k▲ 42.8%€157k▲ 19.5%€193k▲ 23.0%€236k▲ 22.7%
2021: €92klowest in 5 years
2022: €131k▲ +42.8% vs 2021
2023: €157k▲ +19.5% vs 2022
2024: €193k▲ +23.0% vs 2023
2025: €236k▲ +22.7% vs 2024highest in 5 years
Operating result€17k-€52k▲ 215%€51k▼ 2.2%€79k▲ 54.9%€85k▲ 6.9%
2021: €17klowest in 5 years
2022: €52k▲ +215% vs 2021
2023: €51k▼ -2.2% vs 2022
2024: €79k▲ +54.9% vs 2023
2025: €85k▲ +6.9% vs 2024highest in 5 years
Net result€8k-€39k▲ 409%€26k▼ 35.0%€36k▲ 40.8%€44k▲ 21.3%
2021: €8klowest in 5 years
2022: €39k▲ +409% vs 2021
2023: €26k▼ -35.0% vs 2022
2024: €36k▲ +40.8% vs 2023
2025: €44k▲ +21.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.28M
Fixed assets
€1.16M ▲ 1.5%
Current assets
€120k ▲ 69.4%
Equity and liabilities €1.28M
Equity
€236k ▲ 22.7%
Debt
€1.05M ▲ 2.2%
Debt's share of the balance-sheet total falls from 84.2% to 81.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€132k▲
2024 · €128k
Cash flow
€91k▲
2024 · €84k
Current ratio
0.77▲
2024 · 0.47
Debt to equity
4.43▼
2024 · 5.31
ROE
18.5%▼
2024 · 18.7%
ROA
3.4%▲
2024 · 3.0%
Interest coverage
5.47▲
2024 · 3.84
Debt ≤ 1 year
€157k▲
2024 · €150k
Debt > 1 year
€874k▲
2024 · €859k
Income taxes
€17k▲
2024 · €11k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.22M€1.28M▲
Fixed assets21/28€1.15M€1.16M▲
Tangible fixed assets22/27€1.15M€1.16M▲
Land and buildings22€1.14M€1.15M▲
Plant, machinery and equipment23€3k€6k▲
Furniture and vehicles24€2k€2k▲
Leasing and similar rights25€95-
Current assets29/58€71k€120k▲
Amounts receivable within one year40/41€33k€18k▼
Trade receivables40€24k€18k▼
Other amounts receivable41€9k€129▼
Cash at bank and in hand54/58€34k€100k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.28M▲
Equity10/15€193k€236k▲
Contributions10/11€1k€1k=
Reserves13€91k€91k=
Distributable reserves133€91k€91k=
Profit (loss) carried forward14€101k€145k▲
Amounts payable17/49€1.02M€1.05M▲
Amounts payable after more than one year17€859k€874k▲
Financial debts170/4€859k€874k▲
Amounts payable within one year42/48€150k€157k▲
Current portion of amounts payable after more than one year42€52k€59k▲
Trade debts44€5k€18k▲
Suppliers440/4€5k€18k▲
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€14k€15k▲
Other amounts payable47/48€80k€64k▼
Accrued charges and deferred income492/3€15k€16k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€47k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€159€116▼
Gross operating margin9900€130k€133k▲
Operating profit (loss)9901€79k€85k▲
Financial income75/76B€1k€174▼
Recurring financial income75€1k€174▼
Financial charges65/66B€33k€24k▼
Recurring financial charges65€33k€24k▼
Profit (loss) for the period before taxes9903€47k€61k▲
Income taxes67/77€11k€17k▲
Profit (loss) for the period9904€36k€44k▲
Profit (loss) for the period to be appropriated9905€36k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€101k€145k▲
Profit (loss) brought forward from the previous period14P€65k€101k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €183k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | €101k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €17k | €30k | €49k | €47k | ▼ 3.0% |
| Other operating charges640/8 | - | €1k | €4k | €1k | €1k | ▼ 13.9% |
| Non-recurring operating charges66A | - | €641 | €186 | €159 | €116 | ▼ 27.0% |
| Gross operating margin9900 | €83k | €71k | €85k | €130k | €133k | ▲ 2.9% |
| Operating profit (loss)9901 | €17k | €52k | €51k | €79k | €85k | ▲ 6.9% |
| Financial income75/76B | - | €3k | €16 | €1k | €174 | ▼ 86.1% |
| Recurring financial income75 | €0 | €221 | €16 | €1k | €174 | ▼ 86.1% |
| Non-recurring financial income76B | - | €3k | - | - | - | - |
| Financial charges65/66B | - | €4k | €16k | €33k | €24k | ▼ 27.5% |
| Recurring financial charges65 | €4k | €4k | €16k | €33k | €24k | ▼ 27.5% |
| Profit (loss) for the period before taxes9903 | €13k | €52k | €35k | €47k | €61k | ▲ 28.7% |
| Income taxes67/77 | €5k | €12k | €9k | €11k | €17k | ▲ 51.8% |
| Profit (loss) for the period9904 | €8k | €39k | €26k | €36k | €44k | ▲ 21.3% |
| Profit (loss) for the period to be appropriated9905 | €8k | €39k | €26k | €36k | €44k | ▲ 21.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €500k | €521k | €1.23M | €1.22M | €1.28M | ▲ 5.4% |
| Fixed assets21/28 | €399k | €382k | €920k | €1.15M | €1.16M | ▲ 1.5% |
| Tangible fixed assets22/27 | €399k | €382k | €920k | €1.15M | €1.16M | ▲ 1.5% |
| Land and buildings22 | - | €370k | €911k | €1.14M | €1.15M | ▲ 1.2% |
| Plant, machinery and equipment23 | - | - | - | €3k | €6k | ▲ 83.8% |
| Furniture and vehicles24 | - | - | €3k | €2k | €2k | ▲ 16.2% |
| Leasing and similar rights25 | - | €12k | €6k | €95 | - | - |
| Current assets29/58 | €102k | €139k | €308k | €71k | €120k | ▲ 69.4% |
| Amounts receivable within one year40/41 | €47k | €24k | €37k | €33k | €18k | ▼ 44.5% |
| Trade receivables40 | - | €20k | €37k | €24k | €18k | ▼ 24.2% |
| Other amounts receivable41 | - | €4k | €525 | €9k | €129 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €52k | €115k | €269k | €34k | €100k | ▲ 192% |
| Deferred charges and accrued income490/1 | - | €722 | €1k | €4k | €2k | ▼ 47.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €500k | €521k | €1.23M | €1.22M | €1.28M | ▲ 5.4% |
| Equity10/15 | €92k | €131k | €157k | €193k | €236k | ▲ 22.7% |
| Contributions10/11 | - | €1k | €1k | €1k | €1k | = |
| Reserves13 | €91k | €91k | €91k | €91k | €91k | = |
| Distributable reserves133 | - | €91k | €91k | €91k | €91k | = |
| Profit (loss) carried forward14 | €0 | €39k | €65k | €101k | €145k | ▲ 43.3% |
| Amounts payable17/49 | €409k | €390k | €1.07M | €1.02M | €1.05M | ▲ 2.2% |
| Amounts payable after more than one year17 | €366k | €336k | €905k | €859k | €874k | ▲ 1.7% |
| Financial debts170/4 | - | €336k | €905k | €859k | €874k | ▲ 1.7% |
| Amounts payable within one year42/48 | €42k | €54k | €161k | €150k | €157k | ▲ 4.7% |
| Current portion of amounts payable after more than one year42 | - | €31k | €55k | €52k | €59k | ▲ 13.6% |
| Trade debts44 | €222 | €859 | €9k | €5k | €18k | ▲ 297% |
| Suppliers440/4 | - | €859 | €9k | €5k | €18k | ▲ 297% |
| Taxes, remuneration and social security45 | - | €23k | €15k | €14k | €15k | ▲ 12.8% |
| Taxes450/3 | - | €23k | €15k | €14k | €15k | ▲ 12.8% |
| Remuneration and social security454/9 | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €81k | €80k | €64k | ▼ 19.6% |
| Accrued charges and deferred income492/3 | - | - | €5k | €15k | €16k | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €39k | €26k | €36k | €44k | ▲ 21.3% |
| + Depreciation and write-downs630 | €18k | €17k | €30k | €49k | €47k | ▼ 3.0% |
| Operating cash flow (approximation) | €26k | €56k | €55k | €84k | €91k | ▲ 7.3% |
| Investment in fixed assets (approximation) | - | €0 | €-567k | €-274k | €-64k | ▲ 76.7% |
| Change in cash | - | €63k | €154k | €-235k | €66k | ▲ 128% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2021net €44k ▲21.3%
Operating result €85k, net result €44k, both a record.
30-09
Financial
Equity above €200kEq €236k ▲22.7%
5 profitable years in a row build equity to €236k.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €157k ▲19.5%
3 profitable years in a row build equity to €157k.
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100kEq €131k ▲42.8%
2 profitable years in a row build equity to €131k.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Meise · 1 establishment unit since 2019
Ground area
2,074 m²
Building footprint
206 m²
Volume, LiDAR
1,226 m³
Parcel 23050C0114/00F000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KVC Management
since 20192.295.003.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050C0114/00F000 | Flanders | 2,074 m² | 1 · 206 m² | 9.0 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 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,105 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
Founded07-10-2019
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
47120Other non-specialised retail sale
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
90120Visual arts creation
Scores and ratios are computed by Checked and are not a credit decision.