KVE ENGINEERING
ActiveKVE ENGINEERING has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €160k and a net result of €23k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 1632 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-13
Solvency82▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.3 against 2.18 in 2023; short-term debt: 42.5% of total assets), and 42.5% of the assets are financed with debt.
Credit advice 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
34 d early
2022
39 d early
2021
31 d early
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€160k▲ 16.4%
2023 · €137k
2018: €25k
2019: €40k
2020: €88k
2021: €92k
2022: €103k
2023: €137k
2018 → 2024
Total assets
€278k▲ 9.6%
2023 · €253k
2018: €131k
2019: €250k
2020: €381k
2021: €251k
2022: €204k
2023: €253k
2018 → 2024
Net result
€23k▼ 33.1%
2023 · €34k
2018: €4k
2019: €14k
2020: €49k
2021: €4k
2022: €5k
2023: €34k
2018 → 2024
Working capital
€154k▲ 14.8%
2023 · €134k
2018: €22k
2019: €116k
2020: €147k
2021: €121k
2022: €110k
2023: €134k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€92k▲ 4.6%€103k▲ 12.2%€137k▲ 32.5%€160k▲ 16.4%
Operating result€80k-€3k▼ 95.8%€10k▲ 202%€48k▲ 373%€42k▼ 12.9%
Net result€49k-€4k▼ 91.7%€5k▲ 24.8%€34k▲ 570%€23k▼ 33.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €278k
Fixed assets
€6k▼ 2.6%
Current assets
€272k▲ 9.9%
Equity and liabilities €278k
Equity
€160k▲ 16.4%
Debt
€118k▲ 1.6%
The debt ratio falls from 45.9% to 42.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47k▼
2023 · €55k
Cash flow
€28k▼
2023 · €41k
Solvency
57.5%▲
2023 · 54.1%
Current ratio
2.30▲
2023 · 2.18
Quick ratio
2.30▲
2023 · 2.18
Debt / equity
0.74▼
2023 · 0.85
ROE
14.1%▼
2023 · 24.5%
ROA
8.1%▼
2023 · 13.3%
Interest coverage
5.20▼
2023 · 8.90
Debt
€118k▲
2023 · €116k
Debt ≤ 1 year
€118k▲
2023 · €113k
Income taxes
€10k▼
2023 · €14k
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€253k€278k▲
Fixed assets21/28€6k€6k▼
Tangible fixed assets22/27€6k€6k▼
Land and buildings22€4k€813▼
Plant, machinery and equipment23€1k€628▼
Furniture and vehicles24€999€4k▲
Current assets29/58€247k€272k▲
Amounts receivable after more than one year29€175k€175k=
Other amounts receivable291€175k€175k=
Amounts receivable within one year40/41€72k€97k▲
Trade receivables40€22k€39k▲
Other amounts receivable41€50k€58k▲
Equity and liabilities
Total equity and liabilities10/49€253k€278k▲
Equity10/15€137k€160k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€119k€141k▲
Amounts payable17/49€116k€118k▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€113k€118k▲
Current portion of amounts payable after more than one year42€33k€14k▼
Financial debts43€23k€14k▼
Credit institutions430/8€23k€14k▼
Trade debts44€20k€31k▲
Suppliers440/4€20k€31k▲
Taxes, remuneration and social security45€37k€59k▲
Taxes450/3€37k€59k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€60k€51k▼
Operating profit (loss)9901€48k€42k▼
Financial income75/76B€6k-
Recurring financial income75€6k-
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€48k€33k▼
Income taxes67/77€14k€10k▼
Profit (loss) for the period9904€34k€23k▼
Profit (loss) for the period to be appropriated9905€34k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€119k€141k▲
Profit (loss) brought forward from the previous period14P€85k€119k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €160k ▲16.4%
7 profitable years in a row build equity to €160k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €103k ▲12.2%
5 profitable years in a row build equity to €103k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €49k ▲240%
Operating result €80k, net result €49k, both a record.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 42 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Balen · 1 establishment unit since 2015
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.
Postelweg 162490 BalenGround area
763 m²
Building footprint
112 m²
Volume, LiDAR
631 m³
Parcel 13003A0110/00M038, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KVE Engineering
since 20152.238.920.346
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A0110/00M038 | Flanders | 763 m² | 1 · 112 m² | 9.8 m · 2 fl. |
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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Of 886 companies in sector 33110 we hold annual accounts for 440. 337 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-11-2014
Fiscal year end31-12
Activities, NACEBEL
33110Repair and maintenance of fabricated metal products
28250Manufacture of machinery and equipment not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.