KVE Construct
ActiveThe computed 12-month bankruptcy probability of KVE Construct is 1.8% (moderate). The 2024 annual accounts show equity of €147k and a net result of €31k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 36373 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+50
Solvency98▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 3.62 against 2.88 in 2023; short-term debt: 27% and cash: 0.4% of total assets), and 27% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
138 d late
2023
132 d late
2022
69 d late
2021
59 d late
2020
83 d late
2019
62 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k
2023 · €-10k
2018: €15k
2019: €22k
2020: €10k
2021: €22k
2022: €19k
2023: €-10k
2018 → 2024
Working capital
€143k▼ 0.9%
2023 · €144k
2018: €76k
2019: €98k
2020: €108k
2021: €127k
2022: €146k
2023: €144k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€109k-€128k▲ 17.4%€146k▲ 14.5%€148k▲ 1.4%€147k▼ 0.9%
Operating result€19k-€22k▲ 15.0%€26k▲ 19.7%€245▼ 99.1%€57k▲ 23,218%
Net result€10k-€22k▲ 114%€19k▼ 13.9%€-10k€31k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 23,218% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €202k
Fixed assets
€4k=
Current assets
€197k▼ 10.7%
Equity and liabilities €202k
Equity
€147k▼ 0.9%
Debt
€54k▼ 29.1%
The debt ratio falls from 34.1% to 27.0%. Equity and debt are lower.
Key figures and ratios
Solvency
73.0%▲
2023 · 65.9%
Current ratio
3.62▲
2023 · 2.88
Quick ratio
3.62▲
2023 · 2.88
Debt / equity
0.37▼
2023 · 0.52
ROE
20.9%▲
2023 · -6.9%
ROA
15.2%▲
2023 · -4.6%
Debt
€54k▼
2023 · €77k
Debt ≤ 1 year
€54k▼
2023 · €77k
Income taxes
€18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€225k€202k▼
Fixed assets21/28€4k€4k=
Financial fixed assets28€4k€4k=
Current assets29/58€221k€197k▼
Amounts receivable after more than one year29€46k€46k=
Trade receivables290€46k€46k=
Amounts receivable within one year40/41€138k€150k▲
Trade receivables40€110k€84k▼
Other amounts receivable41€27k€66k▲
Cash at bank and in hand54/58€37k€751▼
Equity and liabilities
Total equity and liabilities10/49€225k€202k▼
Equity10/15€148k€147k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€128k€127k▼
Amounts payable17/49€77k€54k▼
Amounts payable within one year42/48€77k€54k▼
Trade debts44€77k€11k▼
Suppliers440/4€77k€11k▼
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Other amounts payable47/48-€32k
Income statement
Code20232024
Non-recurring operating income76A-€15k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k-
Other operating charges640/8€532€300▼
Gross operating margin9900€8k€57k▲
Operating profit (loss)9901€245€57k▲
Financial income75/76B€5k€955▼
Recurring financial income75€5k€955▼
Financial charges65/66B€16k€10k▼
Recurring financial charges65€16k€10k▼
Profit (loss) for the period before taxes9903€-10k€48k▲
Income taxes67/77-€18k
Profit (loss) for the period9904€-10k€31k▲
Profit (loss) for the period to be appropriated9905€-10k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€159k▲
Profit (loss) brought forward from the previous period14P€138k€128k▼
Profit to be distributed694/7-€32k
Return on contributions (dividend)694-€32k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 138 days late
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
2023
31-12
Financial
Weakest financial yearnet €-10k ▼155%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 83 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 4.14
Current ratio from 1.91 to 4.14; short-term debt falls from €108k to €34k.
31-12
Financial
Equity above €100kEq €109k ▲10.2%
3 profitable years in a row build equity to €109k.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 62 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 44 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Brussel · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heembeeksestraat 731020 BrusselGround area
2,288 m²
Parcel 21819D0059/00D002, Brussels. Linked by address, not a title deed.
1 establishment unit
Heembeeksestraat 73, 1020 Brussel
since 20132.221.445.795
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0059/00D002 | Brussels | 2,288 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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IMMORAUSA
BE 0446.303.928
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Lummen · Eq €147k
Of 7,294 companies in sector 43350 we hold annual accounts for 2,363. 1,905 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2013
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:kveconstruct@hotmail.com