KVL Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €234k and a net result of €22k. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 5498 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
22 d late
2023
6 d early
2022
88 d early
2021
59 d early
2020
72 d early
2019
105 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€234k▲ 10.3%
2024 · €212k
2018: €28k
2019: €68k
2020: €90k
2021: €92k
2022: €48k
2023: €184k
2024: €212k
2018 → 2025
Net result
€22k▼ 22.0%
2024 · €28k
2018: €45k
2019: €60k
2020: €67k
2021: €34k
2022: €50k
2023: €136k
2024: €28k
2018 → 2025
Total assets
€653k▼ 4.7%
2024 · €686k
2018: €643k
2019: €671k
2020: €684k
2021: €612k
2022: €607k
2023: €712k
2024: €686k
2018 → 2025
Solvency
35.8%▲ 4.9pp
2024 · 30.9%
2018: 4.4%
2019: 10.2%
2020: 13.2%
2021: 15.1%
2022: 7.9%
2023: 25.9%
2024: 30.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€92k-€48k▼ 48.1%€184k▲ 284%€212k▲ 15.3%€234k▲ 10.3%
Operating result€55k-€78k▲ 41.3%€208k▲ 166%€72k▼ 65.6%€45k▼ 36.7%
Net result€34k-€50k▲ 45.4%€136k▲ 174%€28k▼ 79.4%€22k▼ 22.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €653k
Fixed assets
€629k▼ 2.3%
Current assets
€24k▼ 42.4%
Equity and liabilities €653k
Equity
€234k▲ 10.3%
Debt
€419k▼ 11.5%
The debt ratio falls from 69.1% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
35.8%▲
2024 · 30.9%
ROE
9.4%▼
2024 · 13.2%
ROA
3.4%▼
2024 · 4.1%
Debt
€419k▼
2024 · €474k
Debt ≤ 1 year
€167k▲
2024 · €160k
Debt > 1 year
€251k▼
2024 · €314k
Income taxes
€8k▼
2024 · €17k
Staff costs
€0▼
2024 · €2k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€686k€653k▼
Fixed assets21/28€643k€629k▼
Tangible fixed assets22/27€18k€4k▼
Land and buildings22€5k€0▼
Plant, machinery and equipment23€2k€0▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€6k€0▼
Financial fixed assets28€625k€625k=
Current assets29/58€42k€24k▼
Amounts receivable within one year40/41€24k€11k▼
Trade receivables40€24k€10k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€18k€13k▼
Deferred charges and accrued income490/1€644€0▼
Equity and liabilities
Total equity and liabilities10/49€686k€653k▼
Equity10/15€212k€234k▲
Contributions10/11€19k€19k=
Reserves13€194k€216k▲
Distributable reserves133€194k€216k▲
Amounts payable17/49€474k€419k▼
Amounts payable after more than one year17€314k€251k▼
Financial debts170/4€314k€251k▼
Amounts payable within one year42/48€160k€167k▲
Current portion of amounts payable after more than one year42€76k€107k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€25k€826▼
Suppliers440/4€25k€826▼
Taxes, remuneration and social security45€50k€20k▼
Taxes450/3€50k€20k▼
Other amounts payable47/48€9k€39k▲
Accrued charges and deferred income492/3€0€775▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€3k€607▼
Non-recurring operating charges66A-€7k
Gross operating margin9900€78k€55k▼
Operating profit (loss)9901€72k€45k▼
Financial income75/76B€1€18▲
Recurring financial income75€1€18▲
Financial charges65/66B€27k€16k▼
Recurring financial charges65€27k€16k▼
Profit (loss) for the period before taxes9903€45k€30k▼
Income taxes67/77€17k€8k▼
Profit (loss) for the period9904€28k€22k▼
Profit (loss) for the period to be appropriated9905€28k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€22k▼
Transfer to equity691/2€28k€22k▼
To other reserves6921€28k€22k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €22k ▼22%
Net result drops to €22k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Equity above €200kEq €212k ▲15.3%
7 profitable years in a row build equity to €212k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €136k ▲174%
Operating result €208k, net result €136k, both a record.
31-12
Financial
Equity above €150kEq €184k ▲284%
6 profitable years in a row build equity to €184k.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ravels · 1 establishment unit since 2016
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.
Industrieweg 62381 RavelsGround area
6,099 m²
Building footprint
1,628 m²
Volume, LiDAR
12,508 m³
2 parcels, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KVL Management
since 20162.249.146.027
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048D0761/00Y008 | Flanders | 3,261 m² | 1 · 65 m² | - |
| 13048D0761/00K008 | Flanders | 2,838 m² | 1 · 1,563 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 162 EUR awarded · 162 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 162 EUR | 162 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
CG ASSURANCES
BE 0535.878.181
Mons · Eq €234k
Bavatech
BE 0802.374.793
Oostrozebeke · Eq €234k
DESCAMPS INVEST
BE 0701.807.569
Wervik · Eq €234k
LAPOSTINA
BE 0554.886.916
Gent · Eq €234k
Thomas Bonte
BE 0744.602.682
Kluisbergen · Eq €234k
Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,587 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2015
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
78200Temporary employment agencies and other provision of personnel
78300Employment activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:kristof.van.lutsenborg@gmail.com
Phone:0479911231