KVtech
ActiveSummary
The computed 12-month bankruptcy probability of KVtech is 1.9% (moderate). The 2025 annual accounts show equity of €18k and a net result of €6k. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 994 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+10
Solvency47▼-6
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.57 in 2024; short-term debt: 22.5% and cash: 23.4% of total assets), but 78.4% 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 · 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 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
21.6%
Return on assets
7.5%
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 23% of 994 sector peers (2025).
NBB · sector comparisonPosition among 994 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 3 filingsDeviation from the deadline
2025
30 d late
2024
54 d early
2023
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
€18k▲ 53.5%
2024 · €12k
2023: €12k
2024: €12k▼ -1.2% vs 2023lowest in 3 years
2025: €18k▲ +53.5% vs 2024highest in 3 years
2023 → 2025
Total assets
€85k▲ 98.8%
2024 · €43k
2023: €43k
2024: €43k▼ -1.3% vs 2023lowest in 3 years
2025: €85k▲ +98.8% vs 2024highest in 3 years
2023 → 2025
Net result
€6k
2024 · €-140
2023: €2k
2024: €-140▼ -107% vs 2023lowest in 3 years
2025: €6k▲ +4664% vs 2024highest in 3 years
2023 → 2025
Working capital
€11k▲ 60.5%
2024 · €7k
2023: €1klowest in 3 years
2024: €7k▲ +467% vs 2023
2025: €11k▲ +60.5% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€12k-€12k▼ 1.2%€18k▲ 53.5%
2023: €12k
2024: €12k▼ -1.2% vs 2023lowest in 3 years
2025: €18k▲ +53.5% vs 2024highest in 3 years
Operating result€3k-€2k▼ 35.7%€10k▲ 366%
2023: €3k
2024: €2k▼ -35.7% vs 2023lowest in 3 years
2025: €10k▲ +366% vs 2024highest in 3 years
Net result€2k-€-140€6k
2023: €2k
2024: €-140▼ -107% vs 2023lowest in 3 years
2025: €6k▲ +4664% vs 2024highest in 3 years
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 366% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€55k ▲ 127%
Current assets
€30k ▲ 62.1%
Equity and liabilities €85k
Equity
€18k ▲ 53.5%
Debt
€66k ▲ 116%
Debt's share of the balance-sheet total rises from 72.0% to 78.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €15k
Cash flow
€24k▲
2024 · €13k
Current ratio
1.56▼
2024 · 1.57
Quick ratio
1.45▼
2024 · 1.48
Debt to equity
3.62▲
2024 · 2.57
ROE
34.9%▲
2024 · -1.2%
ROA
7.5%▲
2024 · -0.3%
Interest coverage
12.25▲
2024 · 6.14
Debt ≤ 1 year
€19k▲
2024 · €12k
Debt > 1 year
€47k▲
2024 · €19k
Income taxes
€2k▲
2024 · €-21
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43k€85k▲
Fixed assets21/28€24k€55k▲
Tangible fixed assets22/27€24k€54k▲
Land and buildings22€610€67▼
Plant, machinery and equipment23€23k€11k▼
Furniture and vehicles24-€43k
Financial fixed assets28€400€400=
Current assets29/58€18k€30k▲
Stocks and contracts in progress3€1k€2k▲
Stocks30/36€1k€2k▲
Amounts receivable within one year40/41€9k€6k▼
Trade receivables40€9k€6k▼
Cash at bank and in hand54/58€8k€20k▲
Deferred charges and accrued income490/1€396€2k▲
Equity and liabilities
Total equity and liabilities10/49€43k€85k▲
Equity10/15€12k€18k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€2k€8k▲
Amounts payable17/49€31k€66k▲
Amounts payable after more than one year17€19k€47k▲
Financial debts170/4€19k€47k▲
Amounts payable within one year42/48€12k€19k▲
Current portion of amounts payable after more than one year42€6k€14k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Advances received on contracts in progress46€700-
Taxes, remuneration and social security45€275€2k▲
Taxes450/3€275€2k▲
Other amounts payable47/48€877€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€17k▲
Gross operating margin9900€15k€28k▲
Operating profit (loss)9901€2k€10k▲
Financial income75/76B€41€10▼
Recurring financial income75€41€10▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-161€8k▲
Income taxes67/77€-21€2k▲
Profit (loss) for the period9904€-140€6k▲
Profit (loss) for the period to be appropriated9905€-140€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€8k▲
Profit (loss) brought forward from the previous period14P€2k€2k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €13k | €17k | ▲ 36.0% |
| Gross operating margin9900 | €6k | €15k | €28k | ▲ 85.3% |
| Operating profit (loss)9901 | €3k | €2k | €10k | ▲ 366% |
| Financial income75/76B | €0 | €41 | €10 | ▼ 75.1% |
| Recurring financial income75 | €0 | €41 | €10 | ▼ 75.1% |
| Financial charges65/66B | €1k | €2k | €2k | ▼ 7.1% |
| Recurring financial charges65 | €1k | €2k | €2k | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €2k | €-161 | €8k | ▲ 5,180% |
| Income taxes67/77 | €21 | €-21 | €2k | ▲ 8,610% |
| Profit (loss) for the period9904 | €2k | €-140 | €6k | ▲ 4,664% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-140 | €6k | ▲ 4,664% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43k | €43k | €85k | ▲ 98.8% |
| Fixed assets21/28 | €36k | €24k | €55k | ▲ 127% |
| Tangible fixed assets22/27 | €35k | €24k | €54k | ▲ 129% |
| Land and buildings22 | €1k | €610 | €67 | ▼ 89.0% |
| Plant, machinery and equipment23 | €34k | €23k | €11k | ▼ 51.6% |
| Furniture and vehicles24 | - | - | €43k | - |
| Financial fixed assets28 | €400 | €400 | €400 | = |
| Current assets29/58 | €7k | €18k | €30k | ▲ 62.1% |
| Stocks and contracts in progress3 | - | €1k | €2k | ▲ 117% |
| Stocks30/36 | - | €1k | €2k | ▲ 117% |
| Amounts receivable within one year40/41 | €2k | €9k | €6k | ▼ 27.7% |
| Trade receivables40 | €1k | €9k | €6k | ▼ 27.7% |
| Other amounts receivable41 | €578 | - | - | - |
| Cash at bank and in hand54/58 | €6k | €8k | €20k | ▲ 138% |
| Deferred charges and accrued income490/1 | - | €396 | €2k | ▲ 293% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43k | €43k | €85k | ▲ 98.8% |
| Equity10/15 | €12k | €12k | €18k | ▲ 53.5% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €2k | €2k | €8k | ▲ 333% |
| Amounts payable17/49 | €31k | €31k | €66k | ▲ 116% |
| Amounts payable after more than one year17 | €25k | €19k | €47k | ▲ 149% |
| Financial debts170/4 | €25k | €19k | €47k | ▲ 149% |
| Amounts payable within one year42/48 | €6k | €12k | €19k | ▲ 62.9% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €14k | ▲ 136% |
| Trade debts44 | €689 | €4k | €2k | ▼ 54.6% |
| Suppliers440/4 | €689 | €4k | €2k | ▼ 54.6% |
| Advances received on contracts in progress46 | - | €700 | - | - |
| Taxes, remuneration and social security45 | €21 | €275 | €2k | ▲ 788% |
| Taxes450/3 | €21 | €275 | €2k | ▲ 788% |
| Other amounts payable47/48 | - | €877 | €1k | ▲ 18.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-140 | €6k | ▲ 4,664% |
| + Depreciation and write-downs630 | €2k | €13k | €17k | ▲ 36.0% |
| Operating cash flow (approximation) | €4k | €13k | €24k | ▲ 88.1% |
| Investment in fixed assets (approximation) | - | €-1k | €-48k | ▼ 3,591% |
| Change in cash | - | €3k | €11k | ▲ 332% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-140
Net result drops to €-140, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ittre · 1 establishment unit since 2023
Ground area
1,070 m²
Building footprint
68 m²
Volume, LiDAR
291 m³
Parcel 25108B0272/00W000, Wallonia · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KVtech
since 20232.344.106.057
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25108B0272/00W000 | Wallonia | 1,070 m² | 1 · 68 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 264 companies in sector 42212 we hold annual accounts for 120. 74 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
Founded05-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
42212Civil engineering
37000Sewerage
71209Other technical testing and analysis
81230Other cleaning activities
Scores and ratios are computed by Checked and are not a credit decision.