Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KV PROJECTS from Boutersem, company number BE0741731185, closed financial year 2025 with a result of € -55,061 after tax. For that financial year KV PROJECTS recorded a gross margin of € 24,483 and equity of € -65,002. Compared with financial year 2024, the result moved from € -33,575 to € -55,061. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ -65,002
▼ € 55,061 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -55,061
▼ 64 % more loss than in 2024
Profit after tax over the fiscal year.
€ 106,275
▲ € 99,263 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -75,002.
People and assets in 2025
1
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 41,560
▼ 35% vs 2024
€ 41,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 117,000
▼ 74% vs 2024
Loans from banks and other lenders, long and short.
€ 17,045
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,258
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 104,806 | € 140,248 | € 81,259 | € 24,483 | ▼ 70% |
| Profit after taxes | € -18,563 | € 9,035 | € -33,575 | € -55,061 | ▼ € 21,485 |
| Equity | € 14,599 | € 23,634 | € -9,941 | € -65,002 | ▼ € 55,061 |
| Total debts | € 952,271 | € 951,024 | € 821,678 | € 410,563 | ▼ 50% |
| Cash | € 58,373 | € 6,763 | € 7,012 | € 106,275 | ▲ € 99,263 |
| Retained profit | € 4,599 | € 13,634 | € -19,941 | € -75,002 | ▼ € 55,061 |
| Bank debt | € 647,000 | € 587,000 | € 446,350 | € 117,000 | ▼ 74% |
| Balance sheet total | € 966,870 | € 974,658 | € 811,737 | € 345,561 | ▼ 57% |
| Employees (FTE) | - | - | 1.7 | 1 | ▼ 0.7 |
Key figures of KV PROJECTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KV PROJECTS?
What happened at KV PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 55,061. Source: NBB ↗
- New establishment in Tienen. KBO
- New establishment in Boutersem. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,563 loss in 2022 to € 55,061 loss in 2025.
Paid € 3,527 in corporate taxes since 2022.
Best year ever: 2023, with € 9,035 profit.
On average € 24,500 of value added per employee in 2025.
Management
Behind KV PROJECTS is Vincent KUSTERMANS.
Directors
According to the 2025 annual accounts
Vincent KUSTERMANS
Director
Establishments
Establishment units
Physical locations of this company
Nachtegaalstraat 24
3370 Boutersem
Leuvensestraat 47
3300 Tienen
Active since 1 December 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Website info
Features
Security
Details
- Company number
- 0741.731.185
- VAT number
- BE 0741.731.185
- Registered office
- Nachtegaalstraat 24, 3370 Boutersem
- Names & denominations
- KV PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 January 2020
- Peppol
- Active · Active since 11 Feb 2025
- Contact
- kv-projects.be
- Activities · NACE
Handel in eigen onroerend goed
Detailhandel in ICT-apparatuur
Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels
Groothandel in kantoor- en winkelmeubelen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Groothandel in kantoormeubelen