KVS
ActiveKVS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 13090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency30▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
on the day
2023
26 d late
2022
30 d late
2021
16 d early
2020
318 d late
2019
210 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k
2024 · €-12k
2018: €-24k
2019: €-19k
2020: €-40k
2021: €9k
2022: €-25k
2023: €-31k
2024: €-12k
2018 → 2025
Total assets
€63k▲ 7.6%
2024 · €58k
2018: €19k
2019: €30k
2020: €31k
2021: €40k
2022: €84k
2023: €64k
2024: €58k
2018 → 2025
Net result
€15k▼ 19.4%
2024 · €19k
2018: €-33k
2019: €6k
2020: €-22k
2021: €49k
2022: €-33k
2023: €-6k
2024: €19k
2018 → 2025
Working capital
€-16k▲ 49.5%
2024 · €-31k
2018: €-37k
2019: €-39k
2020: €-67k
2021: €-15k
2022: €-46k
2023: €-50k
2024: €-31k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€-25k€-31k▼ 25.6%€-12k▲ 60.7%€3k
Operating result€50k-€-31k€-4k▲ 88.1%€21k€17k▼ 18.6%
Net result€49k-€-33k€-6k▲ 81.0%€19k€15k▼ 19.4%
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 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€19k=
Current assets
€44k▲ 11.2%
Equity and liabilities €63k
Equity
€3k
Debt
€60k
Debt finances 95.2% of the balance-sheet total.
Key figures and ratios
Solvency
4.8%▲
2024 · -21.1%
Current ratio
0.74▲
2024 · 0.56
Quick ratio
0.69▲
2024 · 0.52
Debt / equity
19.82▲
2024 · -5.74
ROE
507.9%
ROA
24.4%▼
2024 · 32.6%
Debt
€60k▼
2024 · €70k
Debt ≤ 1 year
€60k▼
2024 · €70k
Staff costs
€18k▼
2024 · €21k
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€58k€63k▲
Fixed assets21/28€19k€19k=
Tangible fixed assets22/27€10k€10k=
Plant, machinery and equipment23€673€673=
Furniture and vehicles24€0€0=
Other tangible fixed assets26€9k€9k=
Financial fixed assets28€9k€9k=
Current assets29/58€40k€44k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€13k€31k▲
Other amounts receivable41€13k€31k▲
Cash at bank and in hand54/58€24k€10k▼
Equity and liabilities
Total equity and liabilities10/49€58k€63k▲
Equity10/15€-12k€3k▲
Contributions10/11€8k€8k=
Reserves13€19k€19k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€-39k€-24k▲
Amounts payable17/49€70k€60k▼
Amounts payable within one year42/48€70k€60k▼
Trade debts44€15k€0▼
Suppliers440/4€15k€0▼
Taxes, remuneration and social security45€35k€40k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€31k€35k▲
Other amounts payable47/48€20k€20k▼
Income statement
Code20242025
Remuneration, social security and pensions62€21k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150-
Other operating charges640/8€2k€688▼
Gross operating margin9900€44k€35k▼
Operating profit (loss)9901€21k€17k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€19k€15k▼
Profit (loss) for the period9904€19k€15k▼
Profit (loss) for the period to be appropriated9905€19k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-24k▲
Profit (loss) brought forward from the previous period14P€-58k€-39k▲
The notes to these accounts (4 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-33k ▼168%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 318 days late
2021
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 210 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
04-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 4 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Vilvoorde · 1 establishment unit since 2003
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.
Grote Markt 361800 VilvoordeGround area
264 m²
Building footprint
264 m²
Volume, LiDAR
1,740 m³
Parcel 23642D0400/00D000, Flanders · tallest building 13.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KONING VAN SPANJE
since 20032.131.905.986
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23642D0400/00D000 | Flanders | 264 m² | 1 · 264 m² | 13.9 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVilvoorde2.131.905.986
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C.G. DISTRIBUTION
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Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 3,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-03-2003
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 22 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.