KVW PROJECTS
ActiveSummary
KVW PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65k and a net result of €5k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-8
Solvency57▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 2.52 in 2023; short-term debt: 44.9% and cash: 11.2% of total assets), but 68.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.6%
Return on assets
2.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
1 d late
2022
31 d late
2021
2 d early
2020
1 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€65k▼ 13.5%
2023 · €76k
2018: €41klowest in 7 years
2019: €47k▲ +13.7% vs 2018
2020: €52k▲ +10.8% vs 2019
2021: €57k▲ +9.4% vs 2020
2022: €60k▲ +5.5% vs 2021
2023: €76k▲ +25.8% vs 2022highest in 7 years
2024: €65k▼ -13.5% vs 2023
2018 → 2024
Total assets
€207k▲ 20.2%
2023 · €172k
2018: €98klowest in 7 years
2019: €107k▲ +8.3% vs 2018
2020: €106k▼ -0.3% vs 2019
2021: €171k▲ +61.0% vs 2020
2022: €172k▲ +0.4% vs 2021
2023: €172k▲ +0.2% vs 2022
2024: €207k▲ +20.2% vs 2023highest in 7 years
2018 → 2024
Net result
€5k▼ 66.7%
2023 · €16k
2018: €10k
2019: €6k▼ -40.9% vs 2018
2020: €5k▼ -10.7% vs 2019lowest in 7 years
2021: €6k▲ +25.5% vs 2020
2022: €8k▲ +27.5% vs 2021
2023: €16k▲ +91.1% vs 2022highest in 7 years
2024: €5k▼ -66.7% vs 2023
2018 → 2024
Working capital
€89k▲ 1.0%
2023 · €88k
2018: €43klowest in 7 years
2019: €65k▲ +50.5% vs 2018
2020: €72k▲ +11.5% vs 2019
2021: €73k▲ +1.9% vs 2020
2022: €83k▲ +13.1% vs 2021
2023: €88k▲ +6.1% vs 2022
2024: €89k▲ +1.0% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€57k▲ 9.4%€60k▲ 5.5%€76k▲ 25.8%€65k▼ 13.5%
2020: €52klowest in 5 years
2021: €57k▲ +9.4% vs 2020
2022: €60k▲ +5.5% vs 2021
2023: €76k▲ +25.8% vs 2022highest in 5 years
2024: €65k▼ -13.5% vs 2023
Operating result€16k-€10k▼ 37.0%€15k▲ 51.3%€24k▲ 56.5%€10k▼ 59.9%
2020: €16k
2021: €10k▼ -37.0% vs 2020
2022: €15k▲ +51.3% vs 2021
2023: €24k▲ +56.5% vs 2022highest in 5 years
2024: €10k▼ -59.9% vs 2023lowest in 5 years
Net result€5k-€6k▲ 25.5%€8k▲ 27.5%€16k▲ 91.1%€5k▼ 66.7%
2020: €5klowest in 5 years
2021: €6k▲ +25.5% vs 2020
2022: €8k▲ +27.5% vs 2021
2023: €16k▲ +91.1% vs 2022highest in 5 years
2024: €5k▼ -66.7% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 60% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207k
Fixed assets
€25k ▼ 3.2%
Current assets
€182k ▲ 24.4%
Equity and liabilities €207k
Equity
€65k ▼ 13.5%
Debt
€142k ▲ 46.6%
Debt's share of the balance-sheet total rises from 56.1% to 68.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18k▼
2023 · €32k
Cash flow
€13k▼
2023 · €23k
Current ratio
1.96▼
2023 · 2.52
Quick ratio
1.03▲
2023 · 0.94
Debt to equity
2.17▲
2023 · 1.28
ROE
7.9%▼
2023 · 20.5%
ROA
2.5%▼
2023 · 9.0%
Interest coverage
7.71▼
2023 · 13.16
Debt ≤ 1 year
€93k▲
2023 · €58k
Debt > 1 year
€49k▲
2023 · €38k
Income taxes
€2k▼
2023 · €6k
Staff costs
€61k▲
2023 · €47k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€172k€207k▲
Fixed assets21/28€26k€25k▼
Tangible fixed assets22/27€26k€25k▼
Land and buildings22€5k€5k▼
Plant, machinery and equipment23€19k€15k▼
Furniture and vehicles24€2k€6k▲
Current assets29/58€146k€182k▲
Stocks and contracts in progress3€91k€86k▼
Stocks30/36€49k€48k▼
Contracts in progress37€42k€39k▼
Amounts receivable within one year40/41€50k€72k▲
Trade receivables40€48k€62k▲
Other amounts receivable41€2k€10k▲
Cash at bank and in hand54/58€3k€23k▲
Deferred charges and accrued income490/1€2k€572▼
Equity and liabilities
Total equity and liabilities10/49€172k€207k▲
Equity10/15€76k€65k▼
Contributions10/11€2k€2k=
Reserves13€73k€63k▼
Distributable reserves133€73k€63k▼
Amounts payable17/49€97k€142k▲
Amounts payable after more than one year17€38k€49k▲
Financial debts170/4€24k€35k▲
Other amounts payable178/9€14k€14k=
Amounts payable within one year42/48€58k€93k▲
Current portion of amounts payable after more than one year42€17k€13k▼
Financial debts43€2k€4k▲
Credit institutions430/8€2k€4k▲
Trade debts44€16k€35k▲
Suppliers440/4€16k€35k▲
Taxes, remuneration and social security45€7k€14k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€5k€10k▲
Other amounts payable47/48€16k€27k▲
Income statement
Code20232024
Remuneration, social security and pensions62€47k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€1k€983▼
Gross operating margin9900€80k€80k▼
Operating profit (loss)9901€24k€10k▼
Financial income75/76B€50€33▼
Recurring financial income75€50€33▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€22k€7k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€16k€5k▼
Profit (loss) for the period to be appropriated9905€16k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€5k▼
Transfer from equity791/2-€15k
Transfer to equity691/2€16k€5k▼
To other reserves6921€16k€5k▼
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €36k | €47k | €61k | ▲ 31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €8k | €8k | €8k | ▲ 2.5% |
| Other operating charges640/8 | - | €597 | €1k | €1k | €983 | ▼ 21.2% |
| Gross operating margin9900 | €35k | €16k | €61k | €80k | €80k | ▼ 0.1% |
| Operating profit (loss)9901 | €16k | €10k | €15k | €24k | €10k | ▼ 59.9% |
| Financial income75/76B | - | €239 | €16 | €50 | €33 | ▼ 34.3% |
| Recurring financial income75 | €57 | €239 | €16 | €50 | €33 | ▼ 34.3% |
| Financial charges65/66B | - | €3k | €4k | €2k | €2k | ▼ 4.9% |
| Recurring financial charges65 | €2k | €3k | €4k | €2k | €2k | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €14k | €7k | €12k | €22k | €7k | ▼ 66.0% |
| Income taxes67/77 | €9k | €740 | €3k | €6k | €2k | ▼ 64.2% |
| Profit (loss) for the period9904 | €5k | €6k | €8k | €16k | €5k | ▼ 66.7% |
| Profit (loss) for the period to be appropriated9905 | €5k | €6k | €8k | €16k | €5k | ▼ 66.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106k | €171k | €172k | €172k | €207k | ▲ 20.2% |
| Fixed assets21/28 | €12k | €41k | €33k | €26k | €25k | ▼ 3.2% |
| Intangible fixed assets21 | €200 | - | - | - | - | - |
| Tangible fixed assets22/27 | €12k | €41k | €33k | €26k | €25k | ▼ 3.2% |
| Land and buildings22 | - | €6k | €6k | €5k | €5k | ▼ 10.0% |
| Plant, machinery and equipment23 | - | €32k | €25k | €19k | €15k | ▼ 23.2% |
| Furniture and vehicles24 | - | €3k | €2k | €2k | €6k | ▲ 272% |
| Current assets29/58 | €94k | €130k | €139k | €146k | €182k | ▲ 24.4% |
| Stocks and contracts in progress3 | €28k | €77k | €73k | €91k | €86k | ▼ 5.5% |
| Stocks30/36 | - | €45k | €43k | €49k | €48k | ▼ 2.9% |
| Contracts in progress37 | - | €33k | €30k | €42k | €39k | ▼ 8.4% |
| Amounts receivable within one year40/41 | €35k | €37k | €35k | €50k | €72k | ▲ 42.6% |
| Trade receivables40 | - | €18k | €31k | €48k | €62k | ▲ 28.9% |
| Other amounts receivable41 | - | €19k | €4k | €2k | €10k | ▲ 311% |
| Cash at bank and in hand54/58 | €8k | €14k | €29k | €3k | €23k | ▲ 747% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €2k | €572 | ▼ 67.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106k | €171k | €172k | €172k | €207k | ▲ 20.2% |
| Equity10/15 | €52k | €57k | €60k | €76k | €65k | ▼ 13.5% |
| Contributions10/11 | €19k | €19k | €19k | €2k | €2k | = |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Reserves13 | €33k | €38k | €41k | €73k | €63k | ▼ 13.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €36k | €40k | €73k | €63k | ▼ 13.9% |
| Amounts payable17/49 | €54k | €114k | €112k | €97k | €142k | ▲ 46.6% |
| Amounts payable after more than one year17 | €32k | €58k | €56k | €38k | €49k | ▲ 26.7% |
| Financial debts170/4 | - | €41k | €42k | €24k | €35k | ▲ 41.9% |
| Other amounts payable178/9 | - | €16k | €14k | €14k | €14k | = |
| Amounts payable within one year42/48 | €22k | €56k | €56k | €58k | €93k | ▲ 59.9% |
| Current portion of amounts payable after more than one year42 | - | €10k | €18k | €17k | €13k | ▼ 26.4% |
| Financial debts43 | - | €2k | €2k | €2k | €4k | ▲ 158% |
| Credit institutions430/8 | - | €2k | €2k | €2k | €4k | ▲ 158% |
| Trade debts44 | €5k | €43k | €7k | €16k | €35k | ▲ 117% |
| Suppliers440/4 | - | €43k | €7k | €16k | €35k | ▲ 117% |
| Taxes, remuneration and social security45 | - | €1k | €4k | €7k | €14k | ▲ 103% |
| Taxes450/3 | - | €1k | €1k | €2k | €3k | ▲ 81.2% |
| Remuneration and social security454/9 | - | - | €3k | €5k | €10k | ▲ 110% |
| Other amounts payable47/48 | - | €448 | €25k | €16k | €27k | ▲ 68.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €6k | €8k | €16k | €5k | ▼ 66.7% |
| + Depreciation and write-downs630 | €5k | €5k | €8k | €8k | €8k | ▲ 2.5% |
| Operating cash flow (approximation) | €10k | €12k | €16k | €23k | €13k | ▼ 43.2% |
| Investment in fixed assets (approximation) | - | €-34k | €0 | €-937 | €-7k | ▼ 686% |
| Change in cash | - | €6k | €15k | €-27k | €20k | ▲ 177% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Highest result since 2018net €16k ▲91.1%
Operating result €24k, net result €16k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €5k ▼10.7%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 55 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 161 days late
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 119 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Putte · 1 establishment unit since 2011
Ground area
989 m²
Building footprint
147 m²
Volume, LiDAR
727 m³
Parcel 12429A0150/00X002, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KVW PROJECTS
since 20112.198.912.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12429A0150/00X002 | Flanders | 989 m² | 1 · 147 m² | 9.7 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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,583 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
Founded06-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43211General electrical installation work
43230Insulation installation
43350Other building finishing work
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.