KVR
ActiveSummary
KVR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119k and a net result of €22k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-31
Solvency49▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.56 in 2024; short-term debt: 69.8% and cash: 7.3% of total assets), and 76% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24%
Return on assets
4.5%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 994 sector peers (2025).
NBB · sector comparisonPosition among 994 sector peers
Solvency
better than 25%
← 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 05-06-2026, 56 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
56 d early
2024
59 d early
2023
49 d early
2022
56 d early
2021
20 d early
2020
19 d early
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€119k▲ 22.9%
2024 · €97k
2018: €23klowest in 8 years
2019: €24k▲ +3.5% vs 2018
2020: €27k▲ +12.4% vs 2019
2021: €34k▲ +25.8% vs 2020
2022: €58k▲ +68.2% vs 2021
2023: €62k▲ +7.1% vs 2022
2024: €97k▲ +57.2% vs 2023
2025: €119k▲ +22.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€497k▲ 93.2%
2024 · €257k
2018: €56klowest in 8 years
2019: €132k▲ +135% vs 2018
2020: €102k▼ -23.0% vs 2019
2021: €98k▼ -3.9% vs 2020
2022: €112k▲ +14.1% vs 2021
2023: €97k▼ -12.9% vs 2022
2024: €257k▲ +165% vs 2023
2025: €497k▲ +93.2% vs 2024highest in 8 years
2018 → 2025
Net result
€22k▼ 37.1%
2024 · €35k
2018: €11k
2019: €827▼ -92.5% vs 2018lowest in 8 years
2020: €3k▲ +262% vs 2019
2021: €7k▲ +134% vs 2020
2022: €23k▲ +233% vs 2021
2023: €4k▼ -82.4% vs 2022
2024: €35k▲ +757% vs 2023highest in 8 years
2025: €22k▼ -37.1% vs 2024
2018 → 2025
Working capital
€88k▼ 0.2%
2024 · €88k
2018: €8k
2019: €-1k▼ -118% vs 2018
2020: €-2k▼ -36.7% vs 2019lowest in 8 years
2021: €14k▲ +839% vs 2020
2022: €43k▲ +199% vs 2021
2023: €50k▲ +18.4% vs 2022
2024: €88k▲ +74.7% vs 2023highest in 8 years
2025: €88k▼ -0.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€58k▲ 68.2%€62k▲ 7.1%€97k▲ 57.2%€119k▲ 22.9%
2021: €34klowest in 5 years
2022: €58k▲ +68.2% vs 2021
2023: €62k▲ +7.1% vs 2022
2024: €97k▲ +57.2% vs 2023
2025: €119k▲ +22.9% vs 2024highest in 5 years
Operating result€9k-€34k▲ 264%€7k▼ 78.3%€52k▲ 609%€50k▼ 3.6%
2021: €9k
2022: €34k▲ +264% vs 2021
2023: €7k▼ -78.3% vs 2022lowest in 5 years
2024: €52k▲ +609% vs 2023highest in 5 years
2025: €50k▼ -3.6% vs 2024
Net result€7k-€23k▲ 233%€4k▼ 82.4%€35k▲ 757%€22k▼ 37.1%
2021: €7k
2022: €23k▲ +233% vs 2021
2023: €4k▼ -82.4% vs 2022lowest in 5 years
2024: €35k▲ +757% vs 2023highest in 5 years
2025: €22k▼ -37.1% vs 2024
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 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €497k
Fixed assets
€62k ▲ 427%
Current assets
€435k ▲ 77.2%
Equity and liabilities €497k
Equity
€119k ▲ 22.9%
Debt
€378k ▲ 136%
Debt's share of the balance-sheet total rises from 62.3% to 76.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▲
2024 · €56k
Cash flow
€28k▼
2024 · €39k
Current ratio
1.25▼
2024 · 1.56
Quick ratio
0.20▼
2024 · 0.26
Debt to equity
3.17▲
2024 · 1.65
ROE
18.6%▼
2024 · 36.4%
ROA
4.5%▼
2024 · 13.7%
Interest coverage
3.71▼
2024 · 30.93
Debt ≤ 1 year
€347k▲
2024 · €158k
Debt > 1 year
€31k▲
2024 · €3k
Income taxes
€13k▼
2024 · €15k
Staff costs
€21k▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€257k€497k▲
Fixed assets21/28€12k€62k▲
Tangible fixed assets22/27€12k€62k▲
Plant, machinery and equipment23€7k€15k▲
Furniture and vehicles24€4k€45k▲
Other tangible fixed assets26-€2k
Current assets29/58€246k€435k▲
Stocks and contracts in progress3€204k€366k▲
Stocks30/36-€7k
Contracts in progress37€204k€359k▲
Amounts receivable within one year40/41€11k€32k▲
Trade receivables40€7k€29k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€29k€36k▲
Deferred charges and accrued income490/1€1k€614▼
Equity and liabilities
Total equity and liabilities10/49€257k€497k▲
Equity10/15€97k€119k▲
Contributions10/11€12k€12k=
Reserves13€74k€96k▲
Distributable reserves133€74k€96k▲
Profit (loss) carried forward14€11k€11k▲
Amounts payable17/49€160k€378k▲
Amounts payable after more than one year17€3k€31k▲
Financial debts170/4€3k€31k▲
Amounts payable within one year42/48€158k€347k▲
Current portion of amounts payable after more than one year42€10k€12k▲
Financial debts43€114k€270k▲
Credit institutions430/8€114k€270k▲
Trade debts44€15k€46k▲
Suppliers440/4€15k€46k▲
Taxes, remuneration and social security45€11k€8k▼
Taxes450/3€9k€6k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€7k€11k▲
Income statement
Code20242025
Remuneration, social security and pensions62€33k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€5k€2k▼
Non-recurring operating charges66A€535-
Gross operating margin9900€95k€78k▼
Operating profit (loss)9901€52k€50k▼
Financial income75/76B€3€254▲
Recurring financial income75€3€254▲
Financial charges65/66B€2k€15k▲
Recurring financial charges65€2k€15k▲
Profit (loss) for the period before taxes9903€50k€36k▼
Income taxes67/77€15k€13k▼
Profit (loss) for the period9904€35k€22k▼
Profit (loss) for the period to be appropriated9905€35k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€33k▼
Profit (loss) brought forward from the previous period14P€11k€11k▲
Transfer to equity691/2€35k€22k▼
To other reserves6921€35k€22k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6k | €23k | €5k | - | - | - |
| Remuneration, social security and pensions62 | €30k | €51k | €38k | €33k | €21k | ▼ 37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €11k | €5k | €3k | €5k | ▲ 57.7% |
| Other operating charges640/8 | €2k | €873 | €720 | €5k | €2k | ▼ 63.6% |
| Non-recurring operating charges66A | €3k | €3k | - | €535 | - | - |
| Gross operating margin9900 | €53k | €100k | €51k | €95k | €78k | ▼ 17.2% |
| Operating profit (loss)9901 | €9k | €34k | €7k | €52k | €50k | ▼ 3.6% |
| Financial income75/76B | €2k | €1k | €1k | €3 | €254 | ▲ 7,198% |
| Recurring financial income75 | €2k | €1k | €1k | €3 | €254 | ▲ 7,198% |
| Non-recurring financial income76B | €2k | - | - | - | - | - |
| Financial charges65/66B | €1k | €2k | €2k | €2k | €15k | ▲ 735% |
| Recurring financial charges65 | €1k | €2k | €2k | €2k | €15k | ▲ 735% |
| Profit (loss) for the period before taxes9903 | €10k | €33k | €7k | €50k | €36k | ▼ 29.4% |
| Income taxes67/77 | €3k | €10k | €3k | €15k | €13k | ▼ 11.4% |
| Profit (loss) for the period9904 | €7k | €23k | €4k | €35k | €22k | ▼ 37.1% |
| Profit (loss) for the period to be appropriated9905 | €7k | €23k | €4k | €35k | €22k | ▼ 37.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98k | €112k | €97k | €257k | €497k | ▲ 93.2% |
| Fixed assets21/28 | €29k | €23k | €16k | €12k | €62k | ▲ 427% |
| Tangible fixed assets22/27 | €29k | €23k | €16k | €12k | €62k | ▲ 427% |
| Plant, machinery and equipment23 | €8k | €13k | €10k | €7k | €15k | ▲ 98.5% |
| Furniture and vehicles24 | €21k | €9k | €6k | €4k | €45k | ▲ 923% |
| Other tangible fixed assets26 | - | - | - | - | €2k | - |
| Current assets29/58 | €69k | €89k | €81k | €246k | €435k | ▲ 77.2% |
| Stocks and contracts in progress3 | - | - | - | €204k | €366k | ▲ 79.3% |
| Stocks30/36 | - | - | - | - | €7k | - |
| Contracts in progress37 | - | - | - | €204k | €359k | ▲ 75.7% |
| Amounts receivable within one year40/41 | €33k | €30k | €38k | €11k | €32k | ▲ 185% |
| Trade receivables40 | €28k | €14k | €14k | €7k | €29k | ▲ 327% |
| Other amounts receivable41 | €5k | €16k | €25k | €5k | €4k | ▼ 19.6% |
| Cash at bank and in hand54/58 | €32k | €58k | €42k | €29k | €36k | ▲ 25.3% |
| Deferred charges and accrued income490/1 | €4k | €887 | €1k | €1k | €614 | ▼ 53.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98k | €112k | €97k | €257k | €497k | ▲ 93.2% |
| Equity10/15 | €34k | €58k | €62k | €97k | €119k | ▲ 22.9% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €15k | €35k | €39k | €74k | €96k | ▲ 29.9% |
| Non-distributable reserves130/1 | €551 | €551 | €551 | - | - | - |
| Reserves not available under the articles1311 | €551 | €551 | €551 | - | - | - |
| Distributable reserves133 | €14k | €34k | €38k | €74k | €96k | ▲ 29.9% |
| Profit (loss) carried forward14 | €7k | €10k | €11k | €11k | €11k | ▲ 0.9% |
| Amounts payable17/49 | €64k | €54k | €35k | €160k | €378k | ▲ 136% |
| Amounts payable after more than one year17 | €9k | €8k | €5k | €3k | €31k | ▲ 1,030% |
| Financial debts170/4 | €9k | €8k | €5k | €3k | €31k | ▲ 1,030% |
| Amounts payable within one year42/48 | €55k | €46k | €31k | €158k | €347k | ▲ 120% |
| Current portion of amounts payable after more than one year42 | €6k | €9k | €3k | €10k | €12k | ▲ 21.6% |
| Financial debts43 | - | - | - | €114k | €270k | ▲ 136% |
| Credit institutions430/8 | - | - | - | €114k | €270k | ▲ 136% |
| Trade debts44 | €25k | €19k | €3k | €15k | €46k | ▲ 202% |
| Suppliers440/4 | €25k | €19k | €3k | €15k | €46k | ▲ 202% |
| Advances received on contracts in progress46 | €6k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €6k | €18k | €25k | €11k | €8k | ▼ 28.1% |
| Taxes450/3 | €3k | €13k | €21k | €9k | €6k | ▼ 35.6% |
| Remuneration and social security454/9 | €3k | €5k | €4k | €2k | €2k | ▲ 1.1% |
| Other amounts payable47/48 | €12k | - | - | €7k | €11k | ▲ 61.0% |
| Accrued charges and deferred income492/3 | €11 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €23k | €4k | €35k | €22k | ▼ 37.1% |
| + Depreciation and write-downs630 | €9k | €11k | €5k | €3k | €5k | ▲ 57.7% |
| Operating cash flow (approximation) | €16k | €35k | €9k | €39k | €28k | ▼ 28.7% |
| Investment in fixed assets (approximation) | - | €-5k | €2k | €707 | €-56k | ▼ 7,993% |
| Change in cash | - | €27k | €-17k | €-13k | €7k | ▲ 157% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €119k ▲22.9%
8 profitable years in a row build equity to €119k.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €35k ▲757%
Operating result €52k, net result €35k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €827 ▼92.5%
Net result drops to €827, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Hulshout · 2 establishment units since 2018
Ground area
768 m²
Building footprint
297 m²
Volume, LiDAR
1,167 m³
2 parcels, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
KVR
since 20182.276.848.039
Grote Baan 361, 2235 Hulshout
since 20252.382.597.538
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016D0161/00L000 | Flanders | 614 m² | 1 · 148 m² | 6.7 m · 1 fl. |
| 13016B0083/00N000 | Flanders | 154 m² | 1 · 149 m² | 4.0 m · 1 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.
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 752 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
43320Joinery installation
43331Floor and wall tiling
Contact
E-mail
kevin@vloerwerkenvanriet.beHulshout
Phone
+32477515539Hulshout
Scores and ratios are computed by Checked and are not a credit decision.