KVG KARWEIWERKEN
ActiveSummary
KVG KARWEIWERKEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227k and a net result of €28k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 67% of 7453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-10
Solvency84▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 4.26 in 2024; short-term debt: 14.7% and cash: 32.3% of total assets), and 40.7% of the assets are financed with debt.
Credit advice 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 41
Relative position
BE, all sectors
reference
Sector 41
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
59.3%
Return on assets
7.4%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
8 d early
2023
23 d early
2022
41 d early
2021
34 d early
2020
5 d early
2019
on the day
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€227k▲ 3.1%
2024 · €220k
2018: €114k
2019: €116k
2020: €131k
2021: €166k
2022: €195k
2023: €197k
2024: €220k
2018 → 2025
Total assets
€382k▲ 1.2%
2024 · €378k
2018: €294k
2019: €339k
2020: €325k
2021: €340k
2022: €377k
2023: €359k
2024: €378k
2018 → 2025
Net result
€28k▼ 51.0%
2024 · €58k
2018: €5k
2019: €3k
2020: €17k
2021: €36k
2022: €31k
2023: €38k
2024: €58k
2018 → 2025
Working capital
€139k▲ 10.9%
2024 · €126k
2018: €59k
2019: €59k
2020: €56k
2021: €60k
2022: €91k
2023: €121k
2024: €126k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€166k-€195k▲ 17.9%€197k▲ 0.7%€220k▲ 11.7%€227k▲ 3.1%
Operating result€55k-€47k▼ 14.5%€57k▲ 21.6%€83k▲ 44.9%€45k▼ 46.1%
Net result€36k-€31k▼ 14.2%€38k▲ 22.2%€58k▲ 51.0%€28k▼ 51.0%
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 46% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €382k
Fixed assets
€187k ▼ 12.5%
Current assets
€195k ▲ 19.0%
Equity and liabilities €382k
Equity
€227k ▲ 3.1%
Debt
€156k ▼ 1.5%
Debt's share of the balance-sheet total falls from 41.8% to 40.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85k▼
2024 · €126k
Cash flow
€69k▼
2024 · €101k
Current ratio
3.49▼
2024 · 4.26
Quick ratio
3.41▼
2024 · 4.14
Debt to equity
0.69▼
2024 · 0.72
ROE
12.5%▼
2024 · 26.3%
ROA
7.4%▼
2024 · 15.3%
Interest coverage
23.42▼
2024 · 31.83
Debt ≤ 1 year
€56k▲
2024 · €39k
Debt > 1 year
€100k▼
2024 · €119k
Income taxes
€13k▼
2024 · €22k
Staff costs
€337▼
2024 · €49k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€378k€382k▲
Fixed assets21/28€214k€187k▼
Tangible fixed assets22/27€213k€187k▼
Land and buildings22€128k€119k▼
Plant, machinery and equipment23€15k€4k▼
Furniture and vehicles24€70k€63k▼
Financial fixed assets28€245€245=
Current assets29/58€164k€195k▲
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€33k€67k▲
Trade receivables40€30k€45k▲
Other amounts receivable41€2k€22k▲
Cash at bank and in hand54/58€125k€123k▼
Deferred charges and accrued income490/1€2k€300▼
Equity and liabilities
Total equity and liabilities10/49€378k€382k▲
Equity10/15€220k€227k▲
Contributions10/11€6k€6k=
Reserves13€214k€220k▲
Distributable reserves133€214k€220k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€158k€156k▼
Amounts payable after more than one year17€119k€100k▼
Financial debts170/4€119k€100k▼
Amounts payable within one year42/48€39k€56k▲
Current portion of amounts payable after more than one year42€19k€20k▲
Trade debts44€8k€15k▲
Suppliers440/4€8k€15k▲
Taxes, remuneration and social security45€9k€3k▼
Taxes450/3€7k€0▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€2k€18k▲
Income statement
Code20242025
Remuneration, social security and pensions62€49k€337▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€41k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€179k€90k▼
Operating profit (loss)9901€83k€45k▼
Financial income75/76B€801€72▼
Recurring financial income75€801€72▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€79k€41k▼
Income taxes67/77€22k€13k▼
Profit (loss) for the period9904€58k€28k▼
Profit (loss) for the period to be appropriated9905€58k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€28k▼
Transfer from equity791/2€35k€21k▼
Transfer to equity691/2€58k€28k▼
To other reserves6921€58k€28k▼
Profit to be distributed694/7€35k€21k▼
Return on contributions (dividend)694€35k€21k▼
The notes to these accounts (16 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €58k ▲51%
Operating result €83k, net result €58k, both a record.
31-12
Financial
Equity above €200kEq €220k ▲11.7%
7 profitable years in a row build equity to €220k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €166k ▲26.6%
4 profitable years in a row build equity to €166k.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €3k ▼40.7%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Malle · 1 establishment unit since 2010
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.
Kwaad Einde 22390 MalleGround area
1,171 m²
Building footprint
136 m²
Volume, LiDAR
778 m³
Parcel 11032B0130/02C000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KVG KARWEIWERKEN
since 20102.194.467.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032B0130/02C000 | Flanders | 1,171 m² | 1 · 136 m² | 7.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,726 EUR awarded · 2,726 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,287 EUR | 2,287 EUR |
| 2024 | 1 | 123 EUR | 123 EUR |
| 2023 | 1 | 198 EUR | 198 EUR |
| 2022 | 1 | 118 EUR | 118 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,779 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43331Floor and wall tiling
43350Other building finishing work
43410Roofing work
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.