BARCOVEN
ActiveThe computed 12-month bankruptcy probability of BARCOVEN is 3.9% (moderate). The 2024 annual accounts show equity of €666k and a net result of €-29k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 2096 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability46▲+5
Solvency47▲+2
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.95 in 2023; short-term debt: 16.9% and cash: 1.5% of total assets), and 78.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2024Solvency, return and age of the figures
Solvency
21.9%
Return on assets
-1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
61 d late
2022
69 d late
2021
79 d late
2020
89 d late
2019
122 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, abbreviated schema
Equity
€666k▼ 4.3%
2023 · €696k
2018: €293k
2019: €536k
2020: €567k
2021: €692k
2022: €699k
2023: €696k
2018 → 2024
Total assets
€3.04M▼ 14.3%
2023 · €3.55M
2018: €1.50M
2019: €2.47M
2020: €2.69M
2021: €2.70M
2022: €3.34M
2023: €3.55M
2018 → 2024
Net result
€-29k▼ 981%
2023 · €-3k
2018: €-16k
2019: €287k
2020: €31k
2021: €125k
2022: €7k
2023: €-3k
2018 → 2024
Working capital
€241k▼ 60.5%
2023 · €610k
2018: €16k
2019: €-26k
2020: €6k
2021: €67k
2022: €73k
2023: €610k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€567k-€692k▲ 22.0%€699k▲ 1.0%€696k▼ 0.5%€666k▼ 4.3%
Operating result€67k-€218k▲ 223%€41k▼ 81.0%€96k▲ 132%€68k▼ 28.9%
Net result€31k-€125k▲ 298%€7k▼ 94.4%€-3k€-29k▼ 981%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.04M
Fixed assets
€2.28M▼ 0.5%
Current assets
€756k▼ 39.7%
Equity and liabilities €3.04M
Equity
€666k▼ 4.3%
Provisions
€113k▼ 3.9%
Debt
€2.26M▼ 17.3%
The debt ratio falls from 77.1% to 74.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€307k▲
2023 · €257k
Cash flow
€210k▲
2023 · €159k
Solvency
21.9%▲
2023 · 19.6%
Current ratio
1.47▼
2023 · 1.95
Quick ratio
0.73▲
2023 · 0.52
Debt / equity
3.39▼
2023 · 3.93
ROE
-4.4%▼
2023 · -0.4%
ROA
-1.0%▼
2023 · -0.1%
Interest coverage
3.41▲
2023 · 2.72
Debt
€2.26M▼
2023 · €2.73M
Debt ≤ 1 year
€514k▼
2023 · €642k
Debt > 1 year
€1.71M▼
2023 · €2.08M
Income taxes
€17k▲
2023 · €16k
Staff costs
€33k▼
2023 · €115k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.55M€3.04M▼
Fixed assets21/28€2.29M€2.28M▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€2.29M€2.28M▼
Land and buildings22€2.13M€2.16M▲
Plant, machinery and equipment23€509€4k▲
Furniture and vehicles24€110k€75k▼
Leasing and similar rights25€23k€14k▼
Other tangible fixed assets26€28k€28k=
Financial fixed assets28€4k€4k=
Current assets29/58€1.25M€756k▼
Stocks and contracts in progress3€916k€381k▼
Stocks30/36€913k€377k▼
Contracts in progress37€3k€4k▲
Amounts receivable within one year40/41€283k€318k▲
Trade receivables40€188k€200k▲
Other amounts receivable41€95k€118k▲
Current investments50/53€628€629▲
Cash at bank and in hand54/58€32k€47k▲
Deferred charges and accrued income490/1€21k€9k▼
Equity and liabilities
Total equity and liabilities10/49€3.55M€3.04M▼
Equity10/15€696k€666k▼
Contributions10/11€34k€34k=
Reserves13€662k€632k▼
Tax-exempt reserves132€389k€333k▼
Distributable reserves133€273k€299k▲
Provisions and deferred taxes16€117k€113k▼
Deferred taxes168€117k€113k▼
Amounts payable17/49€2.73M€2.26M▼
Amounts payable after more than one year17€2.08M€1.71M▼
Financial debts170/4€1.86M€1.71M▼
Other amounts payable178/9€218k€3k▼
Amounts payable within one year42/48€642k€514k▼
Current portion of amounts payable after more than one year42€214k€236k▲
Financial debts43€189k€25k▼
Credit institutions430/8€189k€25k▼
Trade debts44€202k€232k▲
Suppliers440/4€202k€232k▲
Taxes, remuneration and social security45€27k€11k▼
Taxes450/3€19k€11k▼
Remuneration and social security454/9€8k€170▼
Other amounts payable47/48€10k€10k▲
Accrued charges and deferred income492/3€11k€31k▲
Income statement
Code20232024
Remuneration, social security and pensions62€115k€33k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€162k€239k▲
Other operating charges640/8€24k€24k▲
Gross operating margin9900€396k€365k▼
Operating profit (loss)9901€96k€68k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€95k€90k▼
Recurring financial charges65€95k€90k▼
Profit (loss) for the period before taxes9903€4k€-17k▼
Transfer from deferred taxes780€9k€55k▲
Transfer to deferred taxes680-€51k
Income taxes67/77€16k€17k▲
Profit (loss) for the period9904€-3k€-29k▼
Transfer from tax-exempt reserves789€33k€208k▲
Transfer to tax-exempt reserves689-€153k
Profit (loss) for the period to be appropriated9905€30k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€185k€27k▼
Profit (loss) brought forward from the previous period14P€155k-
Transfer from equity791/2-€878
Transfer to equity691/2€184k€27k▼
To other reserves6921€184k€27k▼
Profit to be distributed694/7€851€878▲
Return on contributions (dividend)694€851€878▲
Social balance
Average headcount (FTE)90873.61.6▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 67 days late
11-07
KBO administration
Address struck
2024
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 69 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 79 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €287k
Net result €287k after one loss-making year.
31-12
Financial
Equity above €500kEq €536k ▲83.3%
Equity rises from €293k to €536k.
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 79 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Destelbergen · 3 establishment units since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dries(HEU) 249070 DestelbergenGround area
3,163 m²
Building footprint
450 m²
Volume, LiDAR
2,402 m³
3 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Dries(HEU) 24, 9070 Destelbergen
since 20012.093.107.372
d-toxx Hotel & Wellness
since 20202.300.611.059
D-toxx wellness
since 20232.343.888.105
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028B0188/00M000 | Flanders | 2,030 m² | 1 · 151 m² | 8.6 m · 2 fl. |
| 42023B0782/00K000 | Flanders | 836 m² | 1 · 163 m² | 8.4 m · 2 fl. |
| 37017C0167/00V003 | Flanders | 297 m² | 1 · 136 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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 siteWielsbeke2.300.611.059
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JADE & CO
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BE 0466.789.734
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MACLOT-GC
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VERMEIRE - VAN HECKE
BE 0443.757.479
Evergem · Eq €667k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 8,070 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2001
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
55100Hotels and similar accommodation
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.