KVH SOLUTIONS
ActiveThe computed 12-month bankruptcy probability of KVH SOLUTIONS is 1.6% (moderate). The 2025 annual accounts show equity of €189k and a net result of €29k. Equity is growing by ~39.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 1522 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
85
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-23
Solvency96▲+15
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.7 in 2024), and 46.7% of the assets are financed with debt.
Credit advice 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 10
Relative position
BE, all sectors
reference
Sector 10
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
53.3%
Return on assets
8.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 5 filingsDeviation from the deadline
2025
11 d late
2024
on the day
2023
16 d early
2022
14 d late
2021
16 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€189k▲ 18.3%
2024 · €160k
2021: €38k
2022: €73k
2023: €98k
2024: €160k
2021 → 2025
Total assets
€354k▼ 3.7%
2024 · €368k
2021: €106k
2022: €128k
2023: €216k
2024: €368k
2021 → 2025
Net result
€29k▼ 52.7%
2024 · €62k
2021: €33k
2022: €35k
2023: €25k
2024: €62k
2021 → 2025
Working capital
€175k▲ 20.3%
2024 · €145k
2021: €20k
2022: €57k
2023: €86k
2024: €145k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€73k▲ 91.6%€98k▲ 34.8%€160k▲ 63.1%€189k▲ 18.3%
Operating result€75k-€62k▼ 17.5%€46k▼ 25.4%€101k▲ 118%€59k▼ 41.3%
Net result€33k-€35k▲ 5.5%€25k▼ 27.1%€62k▲ 144%€29k▼ 52.7%
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 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354k
Fixed assets
€14k▼ 1.1%
Current assets
€340k▼ 3.8%
Equity and liabilities €354k
Equity
€189k▲ 18.3%
Debt
€165k▼ 20.5%
The debt ratio falls from 56.6% to 46.7%: equity grows while debt is paid down.
Key figures and ratios
Solvency
53.3%▲
2024 · 43.4%
Current ratio
2.06▲
2024 · 1.70
Quick ratio
2.06▲
2024 · 1.70
Debt / equity
0.87▼
2024 · 1.30
ROE
15.5%▼
2024 · 38.7%
ROA
8.3%▼
2024 · 16.8%
Debt
€165k▼
2024 · €208k
Debt ≤ 1 year
€165k▼
2024 · €208k
Income taxes
€24k▼
2024 · €35k
Staff costs
€950k▼
2024 · €1.00M
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€368k€354k▼
Formation expenses20€0€0=
Fixed assets21/28€15k€14k▼
Tangible fixed assets22/27€0€0=
Furniture and vehicles24€0€0=
Financial fixed assets28€15k€14k▼
Current assets29/58€353k€340k▼
Amounts receivable within one year40/41€305k€327k▲
Trade receivables40€279k€277k▼
Other amounts receivable41€26k€50k▲
Cash at bank and in hand54/58€48k€13k▼
Equity and liabilities
Total equity and liabilities10/49€368k€354k▼
Equity10/15€160k€189k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€155k€184k▲
Amounts payable17/49€208k€165k▼
Amounts payable within one year42/48€208k€165k▼
Current portion of amounts payable after more than one year42€77k€78k▲
Trade debts44€13k€2k▼
Suppliers440/4€13k€2k▼
Taxes, remuneration and social security45€118k€76k▼
Taxes450/3€45k€51k▲
Remuneration and social security454/9€73k€25k▼
Other amounts payable47/48-€9k
Income statement
Code20242025
Remuneration, social security and pensions62€1.00M€950k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€1.11M€1.02M▼
Operating profit (loss)9901€101k€59k▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€96k€54k▼
Income taxes67/77€35k€24k▼
Profit (loss) for the period9904€62k€29k▼
Profit (loss) for the period to be appropriated9905€62k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€155k€184k▲
Profit (loss) brought forward from the previous period14P€93k€155k▲
The notes to these accounts (5 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €62k ▲144%
Operating result €101k, net result €62k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲63.1%
4 profitable years in a row build equity to €160k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €25k ▼27.1%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Maldegem · 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.
Houtstuk 29991 MaldegemGround area
350 m²
Building footprint
105 m²
Parcel 43001H1147/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
KVH SOLUTIONS
since 20202.303.331.811
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H1147/00P000 | Flanders | 350 m² | 1 · 105 m² | - |
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.
Similar companies · same sector, comparable size
AGRO-VIANDES
BE 0445.291.168
Comines-Warneton · Eq €191k
OK FOODS
BE 0867.100.816
Herenthout · Eq €193k
CONSERVERIE DE LA SAUVENIERE
BE 0765.298.128
Florennes · Eq €184k
DE CNODDER J.
BE 0461.857.778
Oostende · Eq €197k
NMH & CO
BE 0895.584.370
Sint-Joost-ten-Node · Eq €180k
Of 595 companies in sector 10111 we hold annual accounts for 327. 238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-06-2020
Fiscal year end31-12
Activities, NACEBEL
10110Manufacture of food products
10111Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.