KVN 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 €23k and a net result of €5k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 2420 sector peers (fiscal year 2025). The company has been active since 2019 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2420 sector peers (2025).
NBB · sector comparisonPosition among 2420 sector peers
Solvency
better than 10%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €23k
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 25-02-2026, 156 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
156 d early
2024
66 d early
2023
93 d early
2022
59 d early
2021
54 d early
2020
59 d early
2019
39 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 15.0%
2024 · €20k
2019: €31k
2020: €24k
2021: €18k
2022: €15k
2023: €20k
2024: €20k
2019 → 2025
Net result
€5k▲ 83.8%
2024 · €3k
2019: €11k
2020: €-7k
2021: €-6k
2022: €-3k
2023: €11k
2024: €3k
2019 → 2025
Total assets
€895k▲ 79.0%
2024 · €500k
2019: €39k
2020: €49k
2021: €108k
2022: €543k
2023: €523k
2024: €500k
2019 → 2025
Solvency
2.6%▼ 1.4pp
2024 · 4.0%
2019: 79.4%
2020: 49.0%
2021: 16.6%
2022: 2.7%
2023: 3.8%
2024: 4.0%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€15k▼ 18.5%€20k▲ 36.8%€20k=€23k▲ 15.0%
Operating result€-4k-€-2k▲ 61.4%€28k€21k▼ 26.8%€26k▲ 26.0%
Net result€-6k-€-3k▲ 44.1%€11k€3k▼ 76.5%€5k▲ 83.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €895k
Fixed assets
€875k▲ 78.9%
Current assets
€20k▲ 86.8%
Equity and liabilities €895k
Equity
€23k▲ 15.0%
Debt
€872k▲ 81.7%
The debt ratio rises from 96.0% to 97.4%. Equity and debt are higher.
Key figures and ratios
Solvency
2.6%▼
2024 · 4.0%
ROE
20.0%▲
2024 · 12.5%
ROA
0.5%▲
2024 · 0.5%
Debt
€872k▲
2024 · €480k
Debt ≤ 1 year
€84k▼
2024 · €85k
Debt > 1 year
€782k▲
2024 · €391k
Income taxes
€6k▲
2024 · €4k
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€500k€895k▲
Fixed assets21/28€489k€875k▲
Tangible fixed assets22/27€489k€530k▲
Land and buildings22€412k€450k▲
Plant, machinery and equipment23€3k€5k▲
Other tangible fixed assets26€74k€76k▲
Financial fixed assets28-€345k
Current assets29/58€11k€20k▲
Amounts receivable within one year40/41€5k€15k▲
Trade receivables40-€10k
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€2k€2k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€500k€895k▲
Equity10/15€20k€23k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€0€3k▲
Amounts payable17/49€480k€872k▲
Amounts payable after more than one year17€391k€782k▲
Financial debts170/4€391k€437k▲
Other amounts payable178/9-€345k
Amounts payable within one year42/48€85k€84k▼
Current portion of amounts payable after more than one year42€26k€39k▲
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€18k€8k▼
Suppliers440/4€18k€8k▼
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€37k€33k▼
Accrued charges and deferred income492/3€4k€6k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€28k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€48k€58k▲
Operating profit (loss)9901€21k€26k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€15k€15k▲
Recurring financial charges65€15k€15k▲
Profit (loss) for the period before taxes9903€6k€11k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€3k€5k▲
Profit (loss) for the period to be appropriated9905€3k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€5k▲
Profit (loss) brought forward from the previous period14P€0-
Profit to be distributed694/7€3k€2k▼
Return on contributions (dividend)694€3k€2k▼
The notes to these accounts (9 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
29-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
- General meeting, 12/06/2026
- Director resignation, Geert VAN NIEUWENHOVE (bestuurder)
- Director appointment, Lien WAUTERS (bestuurder)
- Mandate compensation, Lien WAUTERS
- Power of attorney, VGD Accountants en Belastingconsulenten
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-7k ▼164%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Lien WAUTERS
CurrentDirector · since 30-06-2026
30-06-2026
Lien WAUTERS: Appointed as Director
30-06-2026
Geert VAN NIEUWENHOVE: Resigned as Director
Location & real-estate footprint
Registered office, Bertem · 1 establishment unit since 2019
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.
Bosstraat 1223060 BertemGround area
432 m²
Building footprint
123 m²
Volume, LiDAR
593 m³
Parcel 24009A0305/00P002, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KVN MANAGEMENT
since 20192.289.261.762
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24009A0305/00P002 | Flanders | 432 m² | 1 · 123 m² | 10.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 105 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 105 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
BELGAMGA
BE 0846.053.992
Lasne · Eq €23k
DPM Assur Flémalle
BE 0758.809.026
Flémalle · Eq €23k
Assurantie-& financieel adviesburo Rony Stroo & Partners
BE 0890.977.266
Brugge · Eq €23k
ODELIS
BE 1030.672.015
Zonnebeke · Eq €23k
Zakenkantoor Wagemans
BE 0803.854.242
Herenthout · Eq €23k
Of 4,685 companies in sector 66220 we hold annual accounts for 3,230. 1,649 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-01-2019
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.