Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 8.7 to 4.4.
Financials
Financial year 2025
KVE Systems from Balen, company number BE0808737696, closed financial year 2025 with a result of € -344,113 after tax. For that financial year KVE Systems recorded a gross margin of € -23,634 and equity of € 3,797. Compared with financial year 2024, the result moved from € 2,508 to € -344,113. The company made a loss. The buffer shrank hard: equity is 99 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 3,797
▼ 99% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -344,113
▼ still € 2,508 profit in 2024
Profit after tax over the fiscal year.
€ 56,677
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8,603.
People and assets in 2025
4.4
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 260,558
▼ 33% vs 2024
€ 59,200 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.
€ 50,782
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 364,863
▲ 8% vs 2024
€ 330,645 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 307,635
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,528
▲ 79% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 434,100 | € 524,472 | € 463,360 | € -23,634 | ▼ € 486,995 |
| Profit after taxes | € 53,313 | € -45,415 | € 2,508 | € -344,113 | ▼ € 346,621 |
| Equity | € 390,817 | € 345,402 | € 347,910 | € 3,797 | ▼ 99% |
| Total debts | € 686,135 | € 692,246 | € 602,313 | € 778,721 | ▲ 29% |
| Cash | € 135,574 | € 313,420 | € 358,429 | € 56,677 | ▼ 84% |
| Land & buildings | € 707 | € 471 | € 236 | - | |
| Retained profit | € 378,417 | € 333,002 | € 335,510 | € -8,603 | ▼ € 344,113 |
| Dividend | € 185,379 | € 0 | € 0 | € 0 | |
| Bank debt | € 86,322 | € 323,923 | € 336,302 | € 364,863 | ▲ 8% |
| Balance sheet total | € 1,076,953 | € 1,037,648 | € 950,223 | € 782,519 | ▼ 18% |
| Employees (FTE) | 5.6 | 8.7 | 6.6 | 4.4 | ▼ 2.2 |
Key figures of KVE Systems, 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 KVE Systems?
What happened at KVE Systems in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 344,113 (▼ € 346,621 vs 2024). Source: NBB ↗
- New establishment in Balen. KBO
- Start of the company according to the CBE. KBO
In short
From € 53,313 profit in 2022 to € 344,113 loss in 2025.
Paid € 20,122 in corporate taxes since 2022.
Best year ever: 2022, with € 53,313 profit.
On average € 70,200 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind KVE Systems is Kurt Van Elsen. Kurt Van Elsen is also behind Euroclima and Veltech Projects.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Poeierstraat 13
2490 Balen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0808.737.696
- VAT number
- BE 0808.737.696
- Registered office
- Poeierstraat 13, 2490 Balen
- Names & denominations
- KVE Systems
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 2008
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken