ACTIVE

KVE Systems

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Financial year 2025 · closed on 31/12/2025

Net result

-344,1 k €

-13820.9% YoY

Gross margin

-23,6 k €

-105.1% YoY

Equity

3,8 k €

-98.9% YoY

Workforce

4,4 ETP

-33.3% YoY

What does KVE Systems do?

KVE Systems is a Private limited company incorporated in 2008. Its main activity is: Electrical installation. Its registered office is in Balen. It employs on average 4,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0808.737.696

Incorporation

24/12/2008

Legal form

Private limited company

Registered office

Poeierstraat 13
2490 Balen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

4,4 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation

Joint committees (2)

149
14901

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-23,6 k €	-105%	463,4 k €	-11.7%	524,5 k €	+20.8%	434,1 k €	+66.4%	260,9 k €	-43.3%	460,4 k €	+63.2%	282,2 k €	+20.5%	234,1 k €	+18.3%	197,9 k €	+53.0%	129,4 k €	+644%	17,4 k €	+1069%	1,5 k €	-95.6%	33,5 k €	-84.2%	211,4 k €	+21.8%	173,6 k €	+214%	55,3 k €	-40.8%	93,5 k €
EBITDA	-290,7 k €	-511%	70,7 k €	+740%	8,4 k €	-91.3%	96,5 k €	+287%	24,9 k €	-83.6%	152,1 k €	+102%	75,2 k €	-18.6%	92,4 k €	-14.6%	108,2 k €	+17.8%	91,8 k €	+506%	15,1 k €	+1442%	-1,1 k €	-104%	31,5 k €	-84.9%	208,5 k €	+21.5%	171,7 k €	+232%	51,7 k €	-44.3%	92,8 k €
Operating result	-329,3 k €	-1171%	30,7 k €	+199%	-31,2 k €	-142%	75,1 k €	+538%	11,8 k €	-91.6%	140,5 k €	+136%	59,5 k €	-25.7%	80,1 k €	-13.3%	92,4 k €	+6.6%	86,7 k €	+664%	11,3 k €	+255%	-7,3 k €	-172%	10,2 k €	-94.5%	183,2 k €	+23.8%	148 k €	+352%	32,7 k €	-53.9%	70,9 k €
Net result	-344,1 k €	-13821%	2,5 k €	+106%	-45,4 k €	-185%	53,3 k €	+490%	9 k €	-91.0%	100,2 k €	+102%	49,6 k €	-18.2%	60,7 k €	+2.4%	59,3 k €	+7.6%	55,1 k €	+7551%	720 €	+121%	-3,5 k €	-147%	7,4 k €	-93.9%	121,4 k €	+30.3%	93,1 k €	+413%	18,1 k €	-58.8%	44 k €
Balance sheet
Equity	3,8 k €	-98.9%	347,9 k €	+0.7%	345,4 k €	-11.6%	390,8 k €	-25.3%	522,9 k €	+1.4%	515,6 k €	+22.7%	420,2 k €	+13.4%	370,6 k €	+19.3%	310,7 k €	+23.6%	251,5 k €	+28.1%	196,4 k €	+0.4%	195,7 k €	-1.7%	199,1 k €	-13.1%	229,1 k €	+113%	107,7 k €	+44.4%	74,6 k €	+32.1%	56,4 k €
Total assets	782,5 k €	-17.6%	950,2 k €	-8.4%	1 M €	-3.6%	1,1 M €	+49.6%	720,1 k €	+1.4%	710,3 k €	+26.7%	560,5 k €	+31.1%	427,6 k €	+4.7%	408,5 k €	+25.5%	325,5 k €	+44.8%	224,7 k €	+11.5%	201,6 k €	-2.4%	206,5 k €	-45.8%	381,1 k €	-38.2%	616,9 k €	+265%	169 k €	+81.8%	93 k €
Cash	56,7 k €	-84.2%	358,4 k €	+14.4%	313,4 k €	+131%	135,6 k €	-29.8%	193 k €	-39.9%	321,3 k €	+62.9%	197,2 k €	+24.2%	158,7 k €	+43.3%	110,8 k €	+8.4%	102,2 k €	+427%	19,4 k €	-43.4%	34,2 k €	-75.2%	138,2 k €	-49.8%	275,1 k €	-43.2%	484,4 k €	+600%	69,2 k €	+940%	6,6 k €
Debts	778,7 k €	+29.3%	602,3 k €	-13.0%	692,2 k €	+0.9%	686,1 k €	+248%	197,2 k €	+1.3%	194,7 k €	+38.8%	140,3 k €	+146%	57 k €	-41.7%	97,8 k €	+32.1%	74,1 k €	+161%	28,4 k €	+381%	5,9 k €	-19.6%	7,3 k €	-95.1%	148,7 k €	-70.6%	506 k €	+448%	92,3 k €	+153%	36,5 k €
Other
Workforce	4,4 ETP	-33.3%	6,6 ETP	-24.1%	8,7 ETP	+55.4%	5,6 ETP	+3.7%	5,4 ETP	-15.6%	6,4 ETP	+45.5%	4,4 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Kurt Van Elsen

Director

Active

Ended mandates

Kurt Van Elsen

Mandate

Ended

Kurt Van Elsen

Manager

Ended

KURT VANELSEN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Euroclima● Active	0642.639.450
Veltech Projects● Active	0741.724.950

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	30/07/2025	31/07/2024	28/07/2023	30/07/2022	05/08/2021
General meeting	26/06/2026	27/06/2025	30/06/2024	30/06/2023	24/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	30/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	05/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	04/07/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	05/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	25/08/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Kurt Van Elsen

Director

Active

Ended mandates

Kurt Van Elsen

Mandate

Ended

Kurt Van Elsen

Manager

Ended

KURT VANELSEN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/12/2021
MAATSCHAPPELIJKE ZETEL
PDF
Other08/01/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-344,1 k €↓
2024
Annual accounts 20242,5 k €↑
2023
Annual accounts 2023-45,4 k €↓
2022
Annual accounts 202253,3 k €↑
2021
Annual accounts 20219 k €↓
2020
Annual accounts 2020100,2 k €↑
2019
Annual accounts 201949,6 k €↓
2018
Annual accounts 201860,7 k €↑
2017
Annual accounts 201759,3 k €↑
2016
Annual accounts 201655,1 k €↑
2015
Annual accounts 2015720 €↑
2014
Annual accounts 2014-3,5 k €↓
2013
Annual accounts 20137,4 k €↓
2012
Annual accounts 2012121,4 k €↑
2011
Annual accounts 201193,1 k €↑
2010
Annual accounts 201018,1 k €↓
2009
Annual accounts 200944 k €
24/12/2008
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KVE Systems

Overview

What does KVE Systems do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline