B.V.S. DEVELOPMENT
ActiveSummary
B.V.S. DEVELOPMENT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,394 and a net result of -€5,937. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 82% of 913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-39
Solvency96▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.6 in 2024; short-term debt: 29.2% and cash: 4.8% of total assets), and 29.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
70.8%
Return on assets
-9.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
1 d early
2022
4 d early
2021
26 d late
2020
26 d late
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,937
2024 · €13,089
Working capital
-€14,047▼ 133%
2024 · -€6,033
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,407▲ 135%€18,482▲ 37.9%€15,644▼ 15.4%€20,895▲ 33.6%-€5,714
Net result€13,224within the sector's middle half▲ 149%€18,216within the sector's middle half▲ 37.7%€15,414within the sector's middle half▼ 15.4%€13,089within the sector's middle half▼ 15.1%-€5,937within the sector's middle half
Equity€1,612below the sector's middle half€19,827within the sector's middle half▲ 1,130%€35,241within the sector's middle half▲ 77.7%€48,330within the sector's middle half▲ 37.1%€42,394within the sector's middle half▼ 12.3%
Total assets€11,241below the sector's middle half▼ 4.8%€32,580below the sector's middle half▲ 190%€53,939below the sector's middle half▲ 65.6%€63,283below the sector's middle half▲ 17.3%€59,915below the sector's middle half▼ 5.3%
Debt€9,629▼ 58.9%€12,753▲ 32.4%€18,698▲ 46.6%€14,953▼ 20.0%€17,522▲ 17.2%
Working capital€1,612within the sector's middle half€9,681within the sector's middle half▲ 501%€961within the sector's middle half▼ 90.1%-€6,033within the sector's middle half-€14,047within the sector's middle half▼ 133%
Solvency14.3%within the sector's middle half▲ 112.7pp60.9%above the sector's middle half▲ 46.5pp65.3%above the sector's middle half▲ 4.5pp76.4%above the sector's middle half▲ 11.0pp70.8%above the sector's middle half▼ 5.6pp
Current ratio1.17within the sector's middle half▲ 0.671.76within the sector's middle half▲ 0.591.05within the sector's middle half▼ 0.710.60within the sector's middle half▼ 0.450.20below the sector's middle half▼ 0.40
Return on assets (ROA)117.6%above the sector's middle half▲ 72.7pp55.9%above the sector's middle half▼ 61.7pp28.6%above the sector's middle half▼ 27.3pp20.7%above the sector's middle half▼ 7.9pp-9.9%below the sector's middle half▼ 30.6pp
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,714 after €20,895 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,915
Fixed assets
€56,441 ▲ 3.8%
Current assets
€3,474 ▼ 61.0%
Equity and liabilities €59,915
Equity
€42,394 ▼ 12.3%
Debt
€17,522 ▲ 17.2%
Debt's share of the balance-sheet total rises from 23.6% to 29.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,682▼
2024 · €26,740
Cash flow
€1,459▼
2024 · €18,934
Quick ratio
0.17▼
2024 · 0.55
Debt to equity
0.41▲
2024 · 0.31
ROE
-14.0%▼
2024 · 27.1%
Interest coverage
6.71▼
2024 · 185.31
Debt ≤ 1 year
€17,522▲
2024 · €14,953
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €199 | €354 | €2,379 | €5,845 | €7,396 | ▲ 26.5% |
| Other operating charges640/8 | €270 | €479 | €1,620 | €829 | €348 | ▼ 58.0% |
| Gross operating margin9900 | €13,875 | €19,315 | €19,644 | €27,569 | €2,030 | ▼ 92.6% |
| Operating profit (loss)9901 | €13,407 | €18,482 | €15,644 | €20,895 | -€5,714 | ▼ 127% |
| Financial income75/76B | €31 | €2 | - | - | €28 | - |
| Recurring financial income75 | €31 | €2 | - | - | €28 | - |
| Financial charges65/66B | €214 | €268 | €231 | €144 | €251 | ▲ 73.6% |
| Recurring financial charges65 | €214 | €268 | €231 | €144 | €251 | ▲ 73.6% |
| Profit (loss) for the period before taxes9903 | €13,224 | €18,216 | €15,414 | €20,751 | -€5,937 | ▼ 129% |
| Income taxes67/77 | - | - | - | €7,662 | - | - |
| Profit (loss) for the period9904 | €13,224 | €18,216 | €15,414 | €13,089 | -€5,937 | ▼ 145% |
| Profit (loss) for the period to be appropriated9905 | €13,224 | €18,216 | €15,414 | €13,089 | -€5,937 | ▼ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,241 | €32,580 | €53,939 | €63,283 | €59,915 | ▼ 5.3% |
| Fixed assets21/28 | - | €10,146 | €34,280 | €54,364 | €56,441 | ▲ 3.8% |
| Tangible fixed assets22/27 | - | €10,146 | €34,280 | €54,364 | €56,441 | ▲ 3.8% |
| Plant, machinery and equipment23 | - | €10,146 | €34,280 | €53,035 | €55,567 | ▲ 4.8% |
| Furniture and vehicles24 | - | - | - | €1,328 | €874 | ▼ 34.2% |
| Current assets29/58 | €11,241 | €22,434 | €19,659 | €8,919 | €3,474 | ▼ 61.0% |
| Stocks and contracts in progress3 | €1,029 | €1,523 | €1,256 | €675 | €475 | ▼ 29.7% |
| Stocks30/36 | €1,029 | €1,523 | €1,256 | €675 | €475 | ▼ 29.7% |
| Amounts receivable within one year40/41 | €893 | - | €2,120 | €1,870 | €131 | ▼ 93.0% |
| Trade receivables40 | €527 | - | €2,120 | €1,712 | - | - |
| Other amounts receivable41 | €366 | - | - | €158 | €131 | ▼ 16.6% |
| Cash at bank and in hand54/58 | €9,176 | €20,911 | €16,282 | €6,186 | €2,868 | ▼ 53.6% |
| Deferred charges and accrued income490/1 | €143 | - | - | €189 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,241 | €32,580 | €53,939 | €63,283 | €59,915 | ▼ 5.3% |
| Equity10/15 | €1,612 | €19,827 | €35,241 | €48,330 | €42,394 | ▼ 12.3% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Outside capital11 | €12,000 | €12,000 | €12,000 | - | - | - |
| Other1109/19 | €12,000 | €12,000 | €12,000 | - | - | - |
| Reserves13 | €523 | €523 | €523 | €13,612 | €13,612 | = |
| Non-distributable reserves130/1 | €523 | €523 | €523 | €523 | €523 | = |
| Reserves not available under the articles1311 | €523 | €523 | €523 | €523 | €523 | = |
| Distributable reserves133 | - | - | - | €13,089 | €13,089 | = |
| Profit (loss) carried forward14 | -€10,912 | €7,304 | €22,718 | €22,718 | €16,781 | ▼ 26.1% |
| Amounts payable17/49 | €9,629 | €12,753 | €18,698 | €14,953 | €17,522 | ▲ 17.2% |
| Amounts payable within one year42/48 | €9,629 | €12,753 | €18,698 | €14,953 | €17,522 | ▲ 17.2% |
| Trade debts44 | €525 | €1,059 | - | €1,316 | €87 | ▼ 93.4% |
| Suppliers440/4 | €525 | €1,059 | - | €1,316 | €87 | ▼ 93.4% |
| Taxes, remuneration and social security45 | €630 | €410 | €389 | €7,662 | €7,779 | ▲ 1.5% |
| Taxes450/3 | €630 | €410 | €389 | €7,662 | €7,779 | ▲ 1.5% |
| Other amounts payable47/48 | €8,474 | €11,284 | €18,309 | €5,975 | €9,655 | ▲ 61.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,224 | €18,216 | €15,414 | €13,089 | -€5,937 | ▼ 145% |
| + Depreciation and write-downs630 | €199 | €354 | €2,379 | €5,845 | €7,396 | ▲ 26.5% |
| Operating cash flow (approximation) | €13,423 | €18,570 | €17,793 | €18,934 | €1,459 | ▼ 92.3% |
| Investment in fixed assets (approximation) | - | - | -€26,513 | -€25,928 | -€9,473 | ▲ 63.5% |
| Change in cash | - | €11,734 | -€4,628 | -€10,097 | -€3,317 | ▲ 67.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€5,937
Net result drops to -€5,937, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €18,216 ▲37.7%
Net result €18,216, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.50 to 1.17; short-term debt falls from €23,418 to €9,629.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Back to profitnet €5,310
Net result €5,310 after 2 loss-making years.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sambreville · 1 establishment unit since 2004
Ground area
626 m²
Building footprint
98 m²
Parcel 92121A0949/00K003, Wallonia. Linked by address, not a title deed.
1 establishment unit
sprl B.V.S. Dévelopment
since 20042.137.798.836
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92121A0949/00K003 | Wallonia | 625 m² | 1 · 98 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTamines
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Of 3,294 companies in sector 93110 we hold annual accounts for 1,500. 954 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865298792
Also
9925:BE0865298792
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.