K.V.E. systems
0863.137.375 · rovalta.com · 21/09/2026
ACTIVE
K.V.E. systems
Financial year 2025 · closed on 31/12/2025
Net result
26,4 k €
+195.9% YoY
Gross margin
337,6 k €
+54.6% YoY
Equity
59,4 k €
+79.7% YoY
Overview
What does K.V.E. systems do?
K.V.E. systems is a Private limited company incorporated in 2004. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Bertem.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0863.137.375
Incorporation
02/02/2004
Legal form
Private limited company
Registered office
L. Van Buekenhoudtstraat 45
3061 Bertem · FlandreSee on map
3061 Bertem · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
43222Plumbing, heat and air-conditioning installation· main43222Plumbing, heat and air-conditioning installation45331Sale of motor vehicle parts and accessories25110Manufacture of metal structures and parts of structures25110Manufacture of metal structures and parts of structures25210Manufacture of central heating radiators and boilers+12
Joint committees (5)
- 124
- 1240
- 200
- 2000
- 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 337,6 k € | +54.6% | 218,3 k € | -12.9% | 250,5 k € | +5.2% | 238 k € | +22.7% | 193,9 k € | -10.4% | 216,4 k € | +42.7% | 151,6 k € | -14.6% | 177,5 k € | -16.3% | 212 k € | -10.7% | 237,4 k € | +43.7% | 165,2 k € | -18.0% | 201,4 k € | -1.2% | 203,8 k € | -14.3% | 237,8 k € | -18.6% | 292,2 k € | +33.3% | 219,1 k € | +17.1% | 187,2 k € | -17.6% | 227,2 k € | -11.1% | 255,6 k € | +36.1% | 187,8 k € |
| EBITDA | 85,1 k € | +653% | 11,3 k € | -78.6% | 52,9 k € | -24.2% | 69,8 k € | -13.9% | 81,1 k € | -0.4% | 81,4 k € | +172% | 30 k € | -46.5% | 56 k € | -34.4% | 85,4 k € | -17.9% | 104 k € | +26.0% | 82,6 k € | -14.3% | 96,4 k € | -7.6% | 104,3 k € | -22.7% | 135 k € | -29.7% | 192 k € | +47.2% | 130,4 k € | +69.6% | 76,9 k € | -1.3% | 78 k € | -14.6% | 91,3 k € | +66.8% | 54,7 k € |
| Operating result | 29,9 k € | +210% | -27,2 k € | -236% | 20 k € | -47.8% | 38,4 k € | +65.2% | 23,2 k € | -23.1% | 30,2 k € | +271% | -17,7 k € | -347% | 7,2 k € | -66.6% | 21,4 k € | +15.6% | 18,5 k € | +62567% | -29,7 € | +98.2% | -1,7 k € | -123% | 7,1 k € | -78.8% | 33,5 k € | -66.5% | 100,1 k € | +84.0% | 54,4 k € | +564% | 8,2 k € | -31.0% | 11,9 k € | -75.6% | 48,6 k € | +543% | 7,6 k € |
| Net result | 26,4 k € | +196% | -27,5 k € | -281% | 15,2 k € | -32.5% | 22,5 k € | +59.5% | 14,1 k € | -33.0% | 21,1 k € | +176% | -27,7 k € | -371% | -5,9 k € | -240% | 4,2 k € | +130% | 1,8 k € | +113% | -13,6 k € | +29.5% | -19,4 k € | -13.1% | -17,1 k € | -446% | 5 k € | -89.4% | 46,6 k € | +98.0% | 23,5 k € | +238% | -17 k € | -202% | -5,6 k € | -122% | 26 k € | +465% | -7,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 59,4 k € | +79.7% | 33,1 k € | -45.4% | 60,6 k € | +33.5% | 45,4 k € | +98.8% | 22,8 k € | +162% | 8,7 k € | +170% | -12,4 k € | -181% | 15,3 k € | -27.8% | 21,2 k € | +24.8% | 17 k € | +12.1% | 15,1 k € | -47.4% | 28,8 k € | -40.2% | 48,1 k € | -26.2% | 65,3 k € | +8.2% | 60,3 k € | +339% | 13,7 k € | +241% | -9,8 k € | -235% | 7,2 k € | -43.8% | 12,9 k € | +198% | -13,2 k € |
| Total assets | 342,8 k € | +58.6% | 216,2 k € | +20.9% | 178,8 k € | -21.8% | 228,6 k € | +3.7% | 220,4 k € | +43.9% | 153,1 k € | -12.4% | 174,8 k € | -25.5% | 234,6 k € | -2.1% | 239,8 k € | -29.5% | 340,3 k € | -17.5% | 412,6 k € | -2.9% | 424,8 k € | -27.2% | 583,1 k € | -1.3% | 591 k € | -6.2% | 630,1 k € | +1.3% | 622,3 k € | +0.2% | 620,8 k € | -2.8% | 638,4 k € | +36.0% | 469,3 k € | +3.3% | 454,2 k € |
| Cash | 31,4 k € | +369% | 6,7 k € | -62.4% | 17,8 k € | +34.6% | 13,2 k € | +921% | 1,3 k € | -87.4% | 10,3 k € | +173% | 3,8 k € | +448% | 690,5 € | -75.7% | 2,8 k € | -67.4% | 8,7 k € | +1383% | 587,9 € | -96.3% | 16 k € | +4663% | 335,5 € | -93.8% | 5,4 k € | +663% | 714,3 € | -98.4% | 45,2 k € | +91.0% | 23,6 k € | -42.4% | 41 k € | +10275% | 395,4 € | -4.3% | 413 € |
| Debts | 268 k € | +50.3% | 178,3 k € | +57.2% | 113,5 k € | -34.1% | 172,2 k € | -9.1% | 189,5 k € | +38.9% | 136,5 k € | -19.2% | 168,9 k € | -20.8% | 213,2 k € | +4.6% | 203,9 k € | -35.4% | 315,6 k € | -17.9% | 384,3 k € | -0.6% | 386,6 k € | -25.1% | 516,3 k € | -0.4% | 518,3 k € | -9.0% | 569,8 k € | -6.4% | 608,5 k € | -3.5% | 630,6 k € | +0.1% | 630,3 k € | +38.1% | 456,4 k € | -1.7% | 464,4 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 2,7 ETP | +35.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | +5.3% | 1,9 ETP | -5.0% | 2,0 ETP | -4.8% | 2,1 ETP | -38.2% | 3,4 ETP | -19.0% | 4,2 ETP | -2.3% | 4,3 ETP | ||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Kjell Vander Hulst
ActiveEnded mandates
Kjell Vander Hulst
EndedFrank Vander Hulst
EndedFrank Vander Hulst
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 09/07/2026 | 18/07/2025 | 26/07/2024 | 28/06/2023 | 26/08/2022 | 31/08/2021 |
| General meeting | 22/06/2026 | 23/06/2025 | 24/06/2024 | 26/06/2023 | 27/06/2022 | 28/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 22/06/2026 | 09/07/2026 | Dutch | |
| Micro model | 31/12/2024 | 23/06/2025 | 18/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 24/06/2024 | 26/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 26/06/2023 | 28/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 27/06/2022 | 26/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 28/06/2021 | 31/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 22/06/2020 | 21/09/2020 | Dutch | |
| Micro model | 31/12/2018 | 24/06/2019 | 05/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 25/06/2018 | 17/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 26/06/2017 | 22/09/2017 | Dutch | |
| Abridged model | 31/12/2015 | 27/06/2016 | 27/09/2016 | Dutch | |
| Abridged model | 31/12/2014 | 22/06/2015 | 28/09/2015 | Dutch | |
| Abridged model | 31/12/2013 | 23/06/2014 | 05/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 24/06/2013 | 11/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 25/06/2012 | 01/07/2013 | Dutch | |
| Abridged model | 31/12/2010 | 27/06/2011 | 28/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 28/06/2010 | 30/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 12/06/2009 | 14/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 23/05/2008 | 19/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 30/06/2007 | 31/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Kjell Vander Hulst
ActiveEnded mandates
Kjell Vander Hulst
EndedFrank Vander Hulst
EndedFrank Vander Hulst
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202526,4 k €↑
- 2024Annual accounts 2024-27,5 k €↓
- 2023Annual accounts 202315,2 k €↓
- 2022Annual accounts 202222,5 k €↑
- 2021Annual accounts 202114,1 k €↓
- 2020Annual accounts 202021,1 k €↑
- 2019Annual accounts 2019-27,7 k €↓
- 2018Annual accounts 2018-5,9 k €↓
- 2017Annual accounts 20174,2 k €↑
- 2016Annual accounts 20161,8 k €↑
- 2015Annual accounts 2015-13,6 k €↑
- 2014Annual accounts 2014-19,4 k €↓
- 2013Annual accounts 2013-17,1 k €↓
- 2012Annual accounts 20125 k €↓
- 2011Annual accounts 201146,6 k €↑
- 2010Annual accounts 201023,5 k €↑
- 2009Annual accounts 2009-17 k €↓
- 2008Annual accounts 2008-5,6 k €↓
- 2007Annual accounts 200726 k €↑
- 2006Annual accounts 2006-7,1 k €
- 02/02/2004IncorporationPrivate limited company