KVS Projects
ActiveThe computed 12-month bankruptcy probability of KVS Projects is 2.1% (moderate). The 2025 annual accounts show equity of €17k and a net result of €7k. Equity is growing by ~49% per year across the filed fiscal years. Its solvency ranks better than 14% of 27711 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-26
Solvency35▼-50
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 4.14 in 2024; short-term debt: 70.3% and cash: 62.4% of total assets), and 89.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
10.5%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 14%
← 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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
27 d early
2022
20 d early
2021
31 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 85.5%
2024 · €115k
2021: €25k
2022: €34k
2023: €64k
2024: €115k
2021 → 2025
Total assets
€160k▼ 17.0%
2024 · €192k
2021: €63k
2022: €64k
2023: €113k
2024: €192k
2021 → 2025
Net result
€7k▼ 86.8%
2024 · €51k
2021: €15k
2022: €9k
2023: €30k
2024: €51k
2021 → 2025
Working capital
€2k▼ 98.2%
2024 · €100k
2021: €21k
2022: €31k
2023: €57k
2024: €100k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€34k▲ 37.5%€64k▲ 89.3%€115k▲ 78.5%€17k▼ 85.5%
Operating result€18k-€13k▼ 28.4%€39k▲ 207%€66k▲ 71.4%€11k▼ 82.9%
Net result€15k-€9k▼ 37.0%€30k▲ 227%€51k▲ 66.5%€7k▼ 86.8%
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 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€46k▼ 24.2%
Current assets
€114k▼ 13.7%
Equity and liabilities €160k
Equity
€17k▼ 85.5%
Debt
€143k▲ 84.9%
The debt ratio rises from 40.2% to 89.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29k▼
2024 · €79k
Cash flow
€24k▼
2024 · €64k
Solvency
10.5%▼
2024 · 59.8%
Current ratio
1.02▼
2024 · 4.14
Quick ratio
0.99▼
2024 · 4.14
Debt / equity
8.56▲
2024 · 0.67
ROE
40.1%▼
2024 · 44.0%
ROA
4.2%▼
2024 · 26.3%
Interest coverage
11.08▼
2024 · 38.51
Debt
€143k▲
2024 · €77k
Debt ≤ 1 year
€112k▲
2024 · €32k
Debt > 1 year
€31k▼
2024 · €45k
Income taxes
€2k▼
2024 · €13k
Staff costs
€51k▲
2024 · €48k
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€192k€160k▼
Fixed assets21/28€60k€46k▼
Tangible fixed assets22/27€60k€46k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€56k€43k▼
Current assets29/58€132k€114k▼
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€7k€8k▲
Trade receivables40€3k€2k▼
Other amounts receivable41€4k€6k▲
Cash at bank and in hand54/58€125k€100k▼
Deferred charges and accrued income490/1€507€4k▲
Equity and liabilities
Total equity and liabilities10/49€192k€160k▼
Equity10/15€115k€17k▼
Contributions10/11€10k€10k=
Reserves13€105k€7k▼
Distributable reserves133€105k€7k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€77k€143k▲
Amounts payable after more than one year17€45k€31k▼
Financial debts170/4€45k€31k▼
Amounts payable within one year42/48€32k€112k▲
Current portion of amounts payable after more than one year42€16k€15k▼
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45€14k€2k▼
Taxes450/3€14k€0▼
Remuneration and social security454/9-€2k
Other amounts payable47/48-€86k
Income statement
Code20242025
Remuneration, social security and pensions62€48k€51k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€17k▲
Other operating charges640/8€731€1k▲
Gross operating margin9900€128k€80k▼
Operating profit (loss)9901€66k€11k▼
Financial income75/76B€12€10▼
Recurring financial income75€12€10▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€64k€9k▼
Income taxes67/77€13k€2k▼
Profit (loss) for the period9904€51k€7k▼
Profit (loss) for the period to be appropriated9905€51k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€7k▼
Transfer from equity791/2-€105k
Transfer to equity691/2€51k€7k▼
To other reserves6921€51k€7k▼
Profit to be distributed694/7-€105k
Return on contributions (dividend)694-€105k
The notes to these accounts (11 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €7k ▼86.8%
Net result drops to €7k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €51k ▲66.5%
Operating result €66k, net result €51k, both a record.
31-12
Financial
Equity above €100kEq €115k ▲78.5%
4 profitable years in a row build equity to €115k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Begijnendijk · 1 establishment unit since 2020
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.
O.L. Vrouwstraat 343130 BegijnendijkGround area
1,187 m²
Building footprint
194 m²
Volume, LiDAR
955 m³
Parcel 24010B0672/00Y000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KVS Projects
since 20202.310.089.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24010B0672/00Y000 | Flanders | 1,187 m² | 1 · 194 m² | 7.5 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 114 EUR awarded · 211 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 163 EUR |
| 2022 | 1 | 114 EUR | 48 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,137 companies in sector 43910 we hold annual accounts for 5,487. 3,682 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43910Bricklaying and masonry work
43994Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43320Joinery installation
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.