KVNRG
ActiveSummary
KVNRG has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.60M and a net result of €1.68M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency65▲+18
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.68 in 2023; short-term debt: 50.5% and cash: 29.4% of total assets), but 60.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.7%
Return on assets
41.7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.60M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
47 d early
2022
32 d early
2021
53 d early
2020
46 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.68M▼ 36.8%
2023 · €2.66M
2018: €479k
2019: €936k
2020: €979k
2021: €950k
2022: €2.35M
2023: €2.66M
2018 → 2024
Working capital
€1.99M▼ 2.4%
2023 · €2.04M
2018: €83k
2019: €480k
2020: €452k
2021: €586k
2022: €1.03M
2023: €2.04M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€716k-€275k▼ 61.6%€696k▲ 153%€1.12M▲ 60.5%€1.60M▲ 42.8%
Operating result€1.11M-€1.16M▲ 4.2%€3.12M▲ 170%€3.49M▲ 11.7%€2.30M▼ 34.0%
Net result€979k-€950k▼ 3.0%€2.35M▲ 147%€2.66M▲ 13.2%€1.68M▼ 36.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.02M
Fixed assets
€2k =
Current assets
€4.02M ▼ 20.1%
Equity and liabilities €4.02M
Equity
€1.60M ▲ 42.8%
Provisions
€393k ▲ 7.3%
Debt
€2.03M ▼ 42.7%
Debt's share of the balance-sheet total falls from 70.5% to 50.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.98▲
2023 · 1.68
Debt to equity
1.27▼
2023 · 3.18
ROE
105.2%▼
2023 · 237.9%
ROA
41.7%▼
2023 · 52.8%
Debt ≤ 1 year
€2.03M▼
2023 · €3.00M
Income taxes
€634k▼
2023 · €829k
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 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.03M€4.02M▼
Fixed assets21/28€2k€2k=
Financial fixed assets28€2k€2k=
Current assets29/58€5.03M€4.02M▼
Amounts receivable within one year40/41€1.27M€2.29M▲
Trade receivables40€1.27M€1.92M▲
Other amounts receivable41-€372k
Current investments50/53€401k€402k▲
Cash at bank and in hand54/58€3.23M€1.18M▼
Deferred charges and accrued income490/1€125k€145k▲
Equity and liabilities
Total equity and liabilities10/49€5.03M€4.02M▼
Equity10/15€1.12M€1.60M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€446k€446k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€421k-
Distributable reserves133-€421k
Profit (loss) carried forward14€421k€899k▲
Provisions and deferred taxes16€367k€393k▲
Provisions for liabilities and charges160/5€367k€393k▲
Major repairs and maintenance162€367k€393k▲
Amounts payable17/49€3.55M€2.03M▼
Amounts payable within one year42/48€3.00M€2.03M▼
Trade debts44€129k€416k▲
Suppliers440/4€129k€416k▲
Taxes, remuneration and social security45€630k€416k▼
Taxes450/3€630k€416k▼
Other amounts payable47/48€2.24M€1.20M▼
Accrued charges and deferred income492/3€553k-
Income statement
Code20232024
Provisions for liabilities and charges: additions (uses and reversals)635/8€27k€27k=
Other operating charges640/8€624k€71k▼
Gross operating margin9900€4.14M€2.40M▼
Operating profit (loss)9901€3.49M€2.30M▼
Financial income75/76B-€12k
Recurring financial income75-€12k
Financial charges65/66B€550€50▼
Recurring financial charges65€550€50▼
Profit (loss) for the period before taxes9903€3.49M€2.31M▼
Income taxes67/77€829k€634k▼
Profit (loss) for the period9904€2.66M€1.68M▼
Profit (loss) for the period to be appropriated9905€2.66M€1.68M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.66M€2.10M▼
Profit (loss) brought forward from the previous period14P-€421k
Profit to be distributed694/7€2.24M€1.20M▼
Return on contributions (dividend)694€2.24M€1.20M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €2.66M ▲13.2%
Operating result €3.49M, net result €2.66M, both a record.
31-12
Financial
Equity above €1MEq €1.12M ▲60.5%
6 profitable years in a row build equity to €1.12M.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €696k ▲153%
5 profitable years in a row build equity to €696k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Tournai · 1 establishment unit since 2009
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.
Rue As-Pois(TOU) 4A7500 TournaiGround area
2,456 m²
Building footprint
318 m²
Volume, LiDAR
1,777 m³
2 parcels, Wallonia · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KVNRG
since 20092.177.313.864
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0285/00Y000 | Wallonia | 2,321 m² | 1 · 178 m² | - |
| 57081G0109/00N002 | Wallonia | 134 m² | 1 · 140 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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PV-FORCE
BE 0818.058.111
Waregem · Eq €1,602,732
Watt Matters
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CARRON MARINE
BE 0401.044.619
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INVESTMENTS IN RENEWABLE ENERGY II
BE 0828.495.212
Heusden-Zolder · Eq €1,624,316
Of 815 companies in sector 35110 we hold annual accounts for 631. 416 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 formPublic limited company
Founded10-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
25530Machining of metals
28150Manufacture of machinery and equipment not elsewhere classified
32990Other manufacturing not elsewhere classified
35130Electricity, gas, steam and air conditioning supply
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@ventis.eu