KVCS
ActiveSummary
The computed 12-month bankruptcy probability of KVCS is 2.5% (moderate). For KVCS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €57,117 and a net result of €59,598. Equity is growing by ~40.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 2717 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+33
Solvency89▲+66
Growth78=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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 2023Solvency, return and age of the figures
Solvency
63.5%
Return on assets
66.3%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-11-2024, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
119 d late
2022
29 d late
2021
127 d late
2020
89 d late
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 82 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, abbreviated schema
Equity
€57,117
2022 · -€2,481
Total assets
€89,930▼ 26.9%
2022 · €122,995
Net result
€59,598▲ 179%
2022 · €21,354
Working capital
€56,459
2022 · -€4,609
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
Line20192020202120222023
Operating result-€344,334-€123,717-€53,257€32,836€59,704▲ 81.8%
Net result-€358,178-€107,011-€72,668€21,354€59,598▲ 179%
Equity-€58,178-€48,833-€23,835-€2,481▲ 89.6%€57,117
Total assets€877,524-€368,379▼ 58.0%€338,348▼ 8.2%€122,995▼ 63.6%€89,930▼ 26.9%
Debt€935,703-€319,546▼ 65.8%€362,183▲ 13.3%€125,476▼ 65.4%€32,813▼ 73.8%
Working capital-€221,812--€44,957▲ 79.7%-€115,958▼ 158%-€4,609▲ 96.0%€56,459
Staff (FTE)88.8-56.3▼ 36.6%50.1▼ 11.0%32▼ 36.1%0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Staff (FTE) -100% on 2022. Cause not known from the registers.
- 2022 Total assets -64% on 2021. Cause not known from the registers.
- 2020 Total assets -58% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 82% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €89,930
Fixed assets
€658 ▼ 69.1%
Current assets
€89,272 ▼ 26.1%
Equity and liabilities €89,930
Equity
€57,117
Debt
€32,813
Debt finances 36.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€61,173▲
2022 · €35,981
Cash flow
€61,067▲
2022 · €24,499
Current ratio
2.72▲
2022 · 0.96
Debt to equity
0.57▲
2022 · -50.58
ROE
104.3%
ROA
66.3%▲
2022 · 17.4%
Interest coverage
193.70▲
2022 · 3.13
Debt ≤ 1 year
€32,813▼
2022 · €125,476
Staff costs
-€19,146▼
2022 · €238,403
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €206,885 | €238,403 | -€19,146 | ▼ 108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146,135 | €29,134 | €29,134 | €3,145 | €1,469 | ▼ 53.3% |
| Other operating charges640/8 | - | - | €2,330 | €2,227 | €4,892 | ▲ 120% |
| Non-recurring operating charges66A | - | - | €13,240 | €0 | - | - |
| Gross operating margin9900 | €684,213 | €385,323 | €198,333 | €276,611 | €46,920 | ▼ 83.0% |
| Operating profit (loss)9901 | -€344,334 | €123,717 | -€53,257 | €32,836 | €59,704 | ▲ 81.8% |
| Financial income75/76B | - | - | €0 | €0 | €210 | - |
| Recurring financial income75 | €335 | €59 | €0 | €0 | €210 | - |
| Financial charges65/66B | - | - | €19,411 | €11,482 | €316 | ▼ 97.2% |
| Recurring financial charges65 | €14,179 | €16,765 | €19,411 | €11,482 | €316 | ▼ 97.2% |
| Profit (loss) for the period before taxes9903 | -€358,178 | €107,011 | -€72,668 | €21,354 | €59,598 | ▲ 179% |
| Profit (loss) for the period9904 | -€358,178 | €107,011 | -€72,668 | €21,354 | €59,598 | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | -€358,178 | €107,011 | -€72,668 | €21,354 | €59,598 | ▲ 179% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €877,524 | €368,379 | €338,348 | €122,995 | €89,930 | ▼ 26.9% |
| Fixed assets21/28 | €462,368 | €121,257 | €92,123 | €2,128 | €658 | ▼ 69.1% |
| Tangible fixed assets22/27 | €454,219 | €113,109 | €83,974 | €2,128 | €658 | ▼ 69.1% |
| Plant, machinery and equipment23 | - | - | €40,489 | €2,128 | €658 | ▼ 69.1% |
| Furniture and vehicles24 | - | - | €41,736 | €0 | - | - |
| Other tangible fixed assets26 | - | - | €1,749 | €0 | - | - |
| Financial fixed assets28 | €8,148 | €8,148 | €8,148 | €0 | - | - |
| Current assets29/58 | €415,157 | €247,122 | €246,225 | €120,868 | €89,272 | ▼ 26.1% |
| Stocks and contracts in progress3 | €27,000 | €17,696 | €15,065 | €0 | - | - |
| Stocks30/36 | - | - | €15,065 | €0 | - | - |
| Amounts receivable within one year40/41 | €325,806 | €85,538 | €167,698 | €59,169 | €79,123 | ▲ 33.7% |
| Trade receivables40 | - | - | €167,475 | €53,153 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €223 | €6,016 | €79,123 | ▲ 1,215% |
| Cash at bank and in hand54/58 | €62,350 | €42,923 | €62,306 | €61,699 | €10,149 | ▼ 83.6% |
| Deferred charges and accrued income490/1 | - | - | €1,156 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €877,524 | €368,379 | €338,348 | €122,995 | €89,930 | ▼ 26.9% |
| Equity10/15 | -€58,178 | €48,833 | -€23,835 | -€2,481 | €57,117 | ▲ 2,402% |
| Contributions10/11 | €300,000 | - | €300,000 | €300,000 | €300,000 | = |
| Profit (loss) carried forward14 | -€358,178 | -€251,167 | -€323,835 | -€302,481 | -€242,883 | ▲ 19.7% |
| Amounts payable17/49 | €935,703 | €319,546 | €362,183 | €125,476 | €32,813 | ▼ 73.8% |
| Amounts payable after more than one year17 | €232,528 | - | - | - | - | - |
| Amounts payable within one year42/48 | €636,968 | €292,079 | €362,183 | €125,476 | €32,813 | ▼ 73.8% |
| Trade debts44 | €466,549 | €225,661 | €291,107 | €65,661 | €31,700 | ▼ 51.7% |
| Suppliers440/4 | - | - | €291,107 | €65,661 | €31,700 | ▼ 51.7% |
| Taxes, remuneration and social security45 | - | - | €71,041 | €59,780 | €1,078 | ▼ 98.2% |
| Taxes450/3 | - | - | €27,541 | €3,046 | €1,078 | ▼ 64.6% |
| Remuneration and social security454/9 | - | - | €43,500 | €56,734 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €35 | €35 | €35 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€358,178 | €107,011 | -€72,668 | €21,354 | €59,598 | ▲ 179% |
| + Depreciation and write-downs630 | €146,135 | €29,134 | €29,134 | €3,145 | €1,469 | ▼ 53.3% |
| Operating cash flow (approximation) | -€212,044 | €136,145 | -€43,533 | €24,499 | €61,067 | ▲ 149% |
| Investment in fixed assets (approximation) | - | €311,976 | €0 | €86,850 | €0 | ▼ 100% |
| Change in cash | - | -€19,428 | €19,383 | -€607 | -€51,550 | ▼ 8,386% |
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
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 119 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 2.72
Current ratio from 0.96 to 2.72; short-term debt falls from €125,476 to €32,813.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Back to profitnet €21,354
Net result €21,354 after one loss-making year.
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 127 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
31-12
Financial
Back to profitnet €107,011
Net result €107,011 after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Grimbergen · 1 establishment unit since 2018
Ground area
6,883 m²
Building footprint
416 m²
Parcel 23084A0070/00T004, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Jozef de Vleminckstraat 2, 1853 Grimbergen
since 20182.278.470.216
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0070/00T004 | Flanders | 6,883 m² | 1 · 416 m² | - |
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.
Structure & network
Owners and holdings
3 ownersOwners 3
- FLEEXparent100%
- Sourceaccounts KENKAT 202550%
-
28.5%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,866 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
Founded25-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700397012
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.