KVNRG
ActiveSummary
KVNRG has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €1.7m. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency65▲+18
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.68 in 2023; short-term debt: 50.5% and cash: 29.4% of total assets), but 60.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.7%
Return on assets
41.7%
Age of the figures
21 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
42 d early
2023
47 d early
2022
32 d early
2021
53 d early
2020
46 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.7m▼ 36.8%
2023 · €2.7m
Working capital
€2.0m▼ 2.4%
2023 · €2.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1.1m▼ 5.5%€1.2m▲ 4.2%€3.1m▲ 170%€3.5m▲ 11.7%€2.3m▼ 34.0%
Net result€979,475within the sector's middle half▲ 4.7%€949,709above the sector's middle half▼ 3.0%€2.3mabove the sector's middle half▲ 147%€2.7mabove the sector's middle half▲ 13.2%€1.7mabove the sector's middle half▼ 36.8%
Equity€716,486within the sector's middle half▼ 62.5%€275,000within the sector's middle half▼ 61.6%€696,000within the sector's middle half▲ 153%€1.1mwithin the sector's middle half▲ 60.5%€1.6mwithin the sector's middle half▲ 42.8%
Total assets€3.3mwithin the sector's middle half▼ 18.5%€1.4mbelow the sector's middle half▼ 58.0%€3.6mwithin the sector's middle half▲ 158%€5.0mwithin the sector's middle half▲ 41.4%€4.0mwithin the sector's middle half▼ 20.1%
Debt€2.3m▲ 22.5%€790,601▼ 65.3%€2.5m▲ 219%€3.5m▲ 40.7%€2.0m▼ 42.7%
Working capital€452,113within the sector's middle half▼ 5.8%€586,372within the sector's middle half▲ 29.7%€1.0mwithin the sector's middle half▲ 76.3%€2.0mwithin the sector's middle half▲ 96.8%€2.0mabove the sector's middle half▼ 2.4%
Solvency21.8%within the sector's middle half▼ 25.6pp19.9%within the sector's middle half▼ 1.9pp19.6%within the sector's middle half▼ 0.4pp22.2%within the sector's middle half▲ 2.6pp39.7%within the sector's middle half▲ 17.5pp
Current ratio1.20within the sector's middle half▼ 0.061.74within the sector's middle half▲ 0.541.41within the sector's middle half▼ 0.331.68within the sector's middle half▲ 0.271.98within the sector's middle half▲ 0.30
Return on assets (ROA)29.8%above the sector's middle half▲ 6.6pp68.9%above the sector's middle half▲ 39.0pp65.9%above the sector's middle half▼ 2.9pp52.8%above the sector's middle half▼ 13.1pp41.7%above the sector's middle half▼ 11.1pp
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.0m
Fixed assets
€1,962 =
Current assets
€4.0m ▼ 20.1%
Equity and liabilities €4.0m
Equity
€1.6m ▲ 42.8%
Provisions
€393,333 ▲ 7.3%
Debt
€2.0m ▼ 42.7%
Debt's share of the balance-sheet total falls from 70.5% to 50.5%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
1.27▼
2023 · 3.18
ROE
105.2%▼
2023 · 237.9%
Debt ≤ 1 year
€2.0m▼
2023 · €3.0m
Income taxes
€634,303▼
2023 · €829,323
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.1m | €549,077 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €26,667 | €26,667 | €26,667 | €26,667 | = |
| Other operating charges640/8 | - | €69,593 | €70,751 | €624,216 | €70,898 | ▼ 88.6% |
| Gross operating margin9900 | €2.4m | €1.8m | €3.2m | €4.1m | €2.4m | ▼ 42.0% |
| Operating profit (loss)9901 | €1.1m | €1.2m | €3.1m | €3.5m | €2.3m | ▼ 34.0% |
| Financial income75/76B | - | €82,589 | - | - | €12,010 | - |
| Recurring financial income75 | €172,250 | €82,589 | - | - | €12,010 | - |
| Financial charges65/66B | - | €2,089 | €539 | €550 | €50 | ▼ 90.8% |
| Recurring financial charges65 | €35,021 | €2,089 | €539 | €550 | €50 | ▼ 90.8% |
| Profit (loss) for the period before taxes9903 | €1.2m | €1.2m | €3.1m | €3.5m | €2.3m | ▼ 33.7% |
| Income taxes67/77 | €269,075 | €289,062 | €775,936 | €829,323 | €634,303 | ▼ 23.5% |
| Profit (loss) for the period9904 | €979,475 | €949,709 | €2.3m | €2.7m | €1.7m | ▼ 36.8% |
| Transfer to tax-exempt reserves689 | - | - | €421,000 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €979,475 | €949,709 | €1.9m | €2.7m | €1.7m | ▼ 36.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €1.4m | €3.6m | €5.0m | €4.0m | ▼ 20.1% |
| Fixed assets21/28 | €551,039 | €1,962 | €1,962 | €1,962 | €1,962 | = |
| Tangible fixed assets22/27 | €549,077 | - | - | - | - | - |
| Financial fixed assets28 | €1,962 | €1,962 | €1,962 | €1,962 | €1,962 | = |
| Current assets29/58 | €2.7m | €1.4m | €3.6m | €5.0m | €4.0m | ▼ 20.1% |
| Amounts receivable within one year40/41 | €382,914 | €370,263 | €1.2m | €1.3m | €2.3m | ▲ 80.4% |
| Trade receivables40 | - | €339,309 | €1.2m | €1.3m | €1.9m | ▲ 51.1% |
| Other amounts receivable41 | - | €30,954 | €30,954 | - | €372,132 | - |
| Current investments50/53 | €1.2m | €401,410 | €401,410 | €401,410 | €402,012 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €1.0m | €504,227 | €1.8m | €3.2m | €1.2m | ▼ 63.5% |
| Deferred charges and accrued income490/1 | - | €101,072 | €117,763 | €125,191 | €144,608 | ▲ 15.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €1.4m | €3.6m | €5.0m | €4.0m | ▼ 20.1% |
| Equity10/15 | €716,486 | €275,000 | €696,000 | €1.1m | €1.6m | ▲ 42.8% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €25,000 | €25,000 | €446,000 | €446,000 | €446,000 | = |
| Non-distributable reserves130/1 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Tax-exempt reserves132 | - | - | €421,000 | €421,000 | - | - |
| Distributable reserves133 | - | - | - | - | €421,000 | - |
| Profit (loss) carried forward14 | €358,897 | - | - | €421,000 | €899,202 | ▲ 114% |
| Provisions and deferred taxes16 | €286,667 | €313,333 | €340,000 | €366,667 | €393,333 | ▲ 7.3% |
| Provisions for liabilities and charges160/5 | - | €313,333 | €340,000 | €366,667 | €393,333 | ▲ 7.3% |
| Major repairs and maintenance162 | - | €313,333 | €340,000 | €366,667 | €393,333 | ▲ 7.3% |
| Amounts payable17/49 | €2.3m | €790,601 | €2.5m | €3.5m | €2.0m | ▼ 42.7% |
| Amounts payable within one year42/48 | €2.3m | €790,601 | €2.5m | €3.0m | €2.0m | ▼ 32.2% |
| Trade debts44 | €166,995 | €67,740 | €175,804 | €128,658 | €415,831 | ▲ 223% |
| Suppliers440/4 | - | €67,740 | €175,804 | €128,658 | €415,831 | ▲ 223% |
| Taxes, remuneration and social security45 | - | €13,585 | €321,394 | €630,043 | €416,005 | ▼ 34.0% |
| Taxes450/3 | - | €13,585 | €321,394 | €630,043 | €416,005 | ▼ 34.0% |
| Other amounts payable47/48 | - | €709,276 | €2.0m | €2.2m | €1.2m | ▼ 46.3% |
| Accrued charges and deferred income492/3 | - | - | - | €553,333 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €979,475 | €949,709 | €2.3m | €2.7m | €1.7m | ▼ 36.8% |
| + Depreciation and write-downs630 | €1.1m | €549,077 | - | - | - | - |
| Operating cash flow (approximation) | €2.1m | €1.5m | €2.3m | €2.7m | €1.7m | ▼ 36.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€525,846 | €1.3m | €1.4m | -€2.1m | ▼ 243% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €2.7m ▲13.2%
Operating result €3.5m, net result €2.7m, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲60.5%
6 profitable years in a row build equity to €1.1m.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500,000Eq €696,000 ▲153%
5 profitable years in a row build equity to €696,000.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Tournai · 1 establishment unit since 2009
Ground area
2,456 m²
Building footprint
318 m²
Volume, LiDAR
1,777 m³
2 parcels, Wallonia · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KVNRG
since 20092.177.313.864
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0285/00Y000 | Wallonia | 2,321 m² | 1 · 178 m² | - |
| 57081G0109/00N002 | Wallonia | 134 m² | 1 · 140 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
VENTIS
15 companies
Group, risk and exposure
Owners and holdings
3 ownersChain of control
- VENTIS
- KVNRG
Highest known parent: VENTIS. The sources do not say who stands above it.
Owners 3
- VENTISparentSourceaccounts VENTIS 202582%
- Sourceaccounts CHADRO 202418%
-
10%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 814 companies in sector 35110 we hold annual accounts for 632. 414 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
25530Machining of metals
28150Manufacture of machinery and equipment not elsewhere classified
32990Other manufacturing not elsewhere classified
35130Electricity, gas, steam and air conditioning supply
35150Electricity, gas, steam and air conditioning supply
Contact
E-mail
info@ventis.eu
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810309294
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.