Turnover
≈ €610,000 estimated
The abbreviated format states no turnover.
KVH CONSTRUCTIE
Lifetime
1 annual account with figurespeak €240,302 (2025)
€240,302
peak €95,606 (2025)
€95,606
peak €99,773 (2025)
€99,773
€594,050
peak 0.8 FTE (2025)
0.8 FTE
Board1 name since 2024
1 directorVAN HECKE Kristof Achiel
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Dividend €833First year with figures
Key points
from the 2025 annual accountsDebts
€594,050 86% of the balance sheet
Suppliers 19%Taxes and wages 10%Other 71%
Position in the sector
14.4%
Lower solvency than 80% of companies in machinery and equipment. Sector median 44.8% · 478 companies.
Checked score
64
Healthy
Financially stronger than 35% of micro companies in machinery and equipment (NACE 28)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 980 companies (NACE 28, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 1.8%
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.9%▲ +0.1 percentage points vs 02-2026
04-2026: 2.2%▲ +0.3 percentage points vs 03-2026
05-2026: 2.3%▲ +0.1 percentage points vs 04-2026
06-2026: 2.5%▲ +0.2 percentage points vs 05-2026highest value
07-2026: 1.2%▼ -1.3 percentage points vs 06-2026lowest value
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
Equity €99,773 (14.4% of total assets)
lowers risk
Size: 0.8 FTE, total assets €693,823
Figures for financial year 2025 (filed on 29-06-2026)
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 28, micro). It does better than 21% of them on solvency, 9% on liquidity and 76% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,390 companies had the same profile as KVH CONSTRUCTIE has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
2.0%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KVH CONSTRUCTIE itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,390 companies, not a prediction for KVH CONSTRUCTIE. 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 €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is insufficient, with a current ratio of 0.7, below 1. Short-term debt is 85.6% and cash 8.5% of total assets. 85.6% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 478 sector peers (2025).
NBB · sector comparisonPosition among 478 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
32 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017692920
Incorporation
Founding capital of €5,000, 1,000 shares · Founder: VAN HECKE Kristof Achiel · Appointment: VAN HECKE Kristof Achiel (director) · published on 23-12-2024 · Gazette deed
First establishment
Mispelare 14, Lievegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KVH CONSTRUCTIE Lievegem | €0.7m | €240,302 | 14.4% | 0.8 |
| DG Engineering Oosterzele | €0.6m | €297,081 | -2.1% | 3.2 |
| ETABLISSEMENTS HERMOYE Incourt | €0.7m | €260,755 | 8.1% | 0 |
| GOETHALS – LIPPENS Kaprijke | €1.4m | €450,225 | 27.0% | 2.5 |
| Homburg Belgium Heist-op-den-Berg | €0.4m | €135,013 | 5.4% | - |
| CHARLIER ENGINEERING Theux | €1.0m | €304,019 | 54.9% | 3 |
| SMART ROBOTICS Oudsbergen | €0.5m | €168,519 | 53.8% | - |
These companies have the same main activity as KVH CONSTRUCTIE: manufacture of machinery and equipment not elsewhere classified (NACE 28300). They are comparable in size and age: total assets between €361,000 and €1.4m, founded between 2019 and 2024.
Official details
Source: KBO- Status
- Active since 19-12-2024Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28300and 1 other
- Establishment unit
- 2.368.096.1379930 Lievegem, since 19-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2025
Annual accounts 2025
- €693,823
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on KVH CONSTRUCTIE
KVH CONSTRUCTIE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,773 and a net result of €95,606.
Its solvency ranks better than 19% of 478 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
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 KVH CONSTRUCTIE
- What is the company number of KVH CONSTRUCTIE?
- The company number of KVH CONSTRUCTIE is 1017.692.920. The VAT number is the same number with BE in front: BE 1017.692.920.
- Where is KVH CONSTRUCTIE based?
- The registered office is at Mispelare 14, 9930 Lievegem.Company details
- What does KVH CONSTRUCTIE do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28300).
- What is the legal form of KVH CONSTRUCTIE?
- KVH CONSTRUCTIE is a private limited company (BV).
- When was KVH CONSTRUCTIE founded?
- KVH CONSTRUCTIE was founded on 19-12-2024.
- Is KVH CONSTRUCTIE still active?
- Yes, KVH CONSTRUCTIE is an active enterprise in the KBO register.
- How many employees does KVH CONSTRUCTIE have?
- KVH CONSTRUCTIE had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of KVH CONSTRUCTIE?
- The turnover in financial year 2025 is ≈ €610,000. This figure is estimated from the gross margin of €240,302 and 1,649 comparable companies of the same size. It probably lies between €370,000 and €1.1m. It is a rough estimate.
- Is KVH CONSTRUCTIE profitable?
- In financial year 2025, KVH CONSTRUCTIE made a profit of €95,606.
- Where can I find the annual accounts of KVH CONSTRUCTIE?
- KVH CONSTRUCTIE filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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