KVZ
ActiveSummary
The computed 12-month bankruptcy probability of KVZ is 3.0% (moderate). The 2025 annual accounts show negative equity (€-13k) and a net result of €-1k. Equity is shrinking by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 4603 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+63
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.31 in 2024; short-term debt: 150.6% and cash: 12.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-50.6%
Return on assets
-4.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
24 d late
2023
31 d late
2022
31 d early
2021
27 d early
2020
2 d early
2019
31 d early
← 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
€-13k▼ 10.5%
2024 · €-12k
2018: €31k
2019: €33k
2020: €36k
2021: €40k
2022: €24k
2023: €19k
2024: €-12k
2018 → 2025
Total assets
€26k▼ 8.2%
2024 · €29k
2018: €110k
2019: €115k
2020: €89k
2021: €100k
2022: €64k
2023: €43k
2024: €29k
2018 → 2025
Net result
€-1k▲ 96.0%
2024 · €-31k
2018: €8k
2019: €2k
2020: €3k
2021: €4k
2022: €-15k
2023: €-5k
2024: €-31k
2018 → 2025
Working capital
€-23k▲ 18.4%
2024 · €-28k
2018: €-2k
2019: €86
2020: €2k
2021: €2k
2022: €-5k
2023: €7k
2024: €-28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€24k▼ 38.6%€19k▼ 20.3%€-12k€-13k▼ 10.5%
Operating result€8k-€-14k€-5k▲ 68.1%€-31k▼ 585%€-1k▲ 96.4%
Net result€4k-€-15k€-5k▲ 67.7%€-31k▼ 536%€-1k▲ 96.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €31k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26k
Fixed assets
€10k ▼ 40.1%
Current assets
€17k ▲ 32.1%
Key figures and ratios
EBITDA
€5k▲
2024 · €-20k
Cash flow
€5k▲
2024 · €-21k
Solvency
-50.6%▼
2024 · -42.0%
Current ratio
0.42▲
2024 · 0.31
Debt to equity
-2.98▲
2024 · -3.38
ROA
-4.8%▲
2024 · -109.5%
Interest coverage
30.85▲
2024 · -39.95
Debt
€40k▼
2024 · €41k
Debt ≤ 1 year
€40k▼
2024 · €41k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29k€26k▼
Fixed assets21/28€16k€10k▼
Tangible fixed assets22/27€6k€0▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€6k€0▼
Financial fixed assets28€10k€10k=
Current assets29/58€13k€17k▲
Amounts receivable within one year40/41€9k€13k▲
Trade receivables40€8k€13k▲
Other amounts receivable41€780-
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€29k€26k▼
Equity10/15€-12k€-13k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-20k€-21k▼
Amounts payable17/49€41k€40k▼
Amounts payable within one year42/48€41k€40k▼
Current portion of amounts payable after more than one year42€13k€9k▼
Trade debts44€20k€26k▲
Suppliers440/4€20k€26k▲
Taxes, remuneration and social security45-€471
Taxes450/3-€471
Other amounts payable47/48€7k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€811-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€6k▼
Other operating charges640/8€2k€469▼
Gross operating margin9900€-18k€6k▲
Operating profit (loss)9901€-31k€-1k▲
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€502€173▼
Recurring financial charges65€502€173▼
Profit (loss) for the period before taxes9903€-31k€-1k▲
Profit (loss) for the period9904€-31k€-1k▲
Profit (loss) for the period to be appropriated9905€-31k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-21k▼
Profit (loss) brought forward from the previous period14P€11k€-20k▼
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, 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
2023
31-12
Financial
Liquidity doublescurrent ratio 1.69
Current ratio from 0.82 to 1.69; short-term debt falls from €26k to €10k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
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, Wijnegem · 2 establishment units since 2016
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.
Koolsveldlaan 482110 WijnegemGround area
469 m²
Building footprint
184 m²
Volume, LiDAR
996 m³
2 parcels, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
KVZ
since 20162.249.473.550
KVZ
since 20232.351.972.955
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0108/00M012 | Flanders | 287 m² | 1 · 93 m² | - |
| 11342A0237/00A007 | Flanders | 182 m² | 1 · 91 m² | 14.5 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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BE 0773.686.945
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ALL EXPRESS LOUIS GUERRIAT
BE 0442.397.796
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DAISY HOME
BE 0784.583.510
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 4,925 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
Founded19-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.