Active BE 0890.772.279Public limited company

BAUVE

Terlindenstraat 44 ·1740 Ternat, Belgium· 19 yrs active

Sector: Development of residential building projects (68121)

Conclusion Checked

BAUVE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.13M and a net result of €76k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 9689 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€2.13M
Net result	€76k
Better than sector	40%
Active	19 yrs

Financial profile 5 of 5 axes measured · computed by Checked

50 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 43

Profitability 18

Solvency 37

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2007, 19 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

43 / 100 Weak

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€90k

estimate, not credit advice

Score history

50 2021

58 2022

58 2023

43 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.37 (≥ 1.0) +5

Quick ratio Quick ratio 0.59 (< 0.6) -5

Leverage Debt/equity 3.66 (> 3.0) -10

Profitability ROE 4% +3

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview17 NBB filings

Annual accounts filed on 22-09-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~19.2%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	21.4%	30.8%	better than 40% of 9689 sector peers
Net result	€76k	€13k	better than 71% of 9685 sector peers
Equity	€2.13M	€419k	better than 81% of 9692 sector peers
Gross operating margin	€252k	€116k	better than 67% of 9671 sector peers
Total assets	€9.92M	€1.85M	better than 87% of 9690 sector peers

Net profit

€76k

-81.6% 21-24

Total assets

€9.92M

-14.4% 21-24

Equity

€2.13M

+3.7% 21-24

Working capital

€2.66M

+8.7% 21-24

Income taxes

€29k

-81.0% 21-24

Debt

€7.80M

-18.3% 21-24

Debt ≤ 1y

€7.27M

-20.6% 21-24

Current ratio

1.37

+7.8% 21-24

Quick ratio

0.59

+139.0% 21-24

Solvency

21.4%

+21.2% 21-24

Debt / equity

3.66

-21.2% 21-24

ROE

3.6%

-82.3% 21-24

ROA

0.8%

-78.5% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	-	-	-	-
Net profit	€76k	€413k	€410k	€238k
Cash flow	-	-	-	-
Staff costs	-	-	-	-
Income taxes	€29k	€150k	€74k	€87k
Dividends	-	-	-	-
Total assets	€9.92M	€11.60M	€11.07M	€9.81M
Equity	€2.13M	€2.05M	€1.64M	€1.23M
Debt	€7.80M	€9.55M	€9.43M	€8.58M
of which ≤ 1y	€7.27M	€9.15M	€8.90M	€8.37M
of which > 1y	-	-	-	-
Working capital	€2.66M	€2.44M	€2.17M	€1.43M
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	1.37	1.27	1.24	1.17
Quick ratio	0.59	0.25	0.20	0.14
Working capital ratio	26.8%	21.1%	19.6%	14.6%
Solvency	21.4%	17.7%	14.8%	12.5%
Debt / equity	3.66	4.65	5.76	6.98
Long-term debt ratio	-	-	-	-
Interest coverage	-	-	-	-
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	0.8%	3.6%	3.7%	2.4%
ROE	3.6%	20.1%	25.0%	19.4%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Equity & liabilities

Equity €2.13M · 21.4% Debt €7.80M · 78.6%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.92M	€11.60M	€11.07M	€9.81M
Fixed assets	21/28	-	-	-	€250
Financial fixed assets	28	-	-	-	€250
Current assets	29/58	€9.92M	€11.60M	€11.07M	€9.81M
Stocks & contracts in progress	3	€5.61M	€9.32M	€9.30M	€8.67M
Amounts receivable within one year	40/41	€3.94M	€1.83M	€1.32M	€912k
Cash & bank	54/58	€53k	€138k	€243k	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.92M	€11.60M	€11.07M	€9.81M
Equity	10/15	€2.13M	€2.05M	€1.64M	€1.23M
Contributions / capital	10/11	€300k	€300k	€300k	€300k
Reserves	13	€1.83M	€1.75M	€1.34M	€929k
Amounts payable	17/49	€7.80M	€9.55M	€9.43M	€8.58M
Amounts payable within one year	42/48	€7.27M	€9.15M	€8.90M	€8.37M
Trade debts payable within one year	44	€191k	€328k	€14k	€9k
Income statement
Gross operating margin	9900	€252k	€574k	€291k	€341k
Operating result	9901	€251k	€573k	€291k	€340k
Financial income	75	€57k	€109k	€246k	€34k
Financial charges	65	€204k	€118k	€53k	€49k
Result before taxes	9903	€104k	€563k	€484k	€325k
Income taxes	67/77	€29k	€150k	€74k	€87k
Net result for the period	9904	€76k	€413k	€410k	€238k
Result to be appropriated	9905	€76k	€413k	€410k	€238k

Directors & mandates 4 directors

Directors derived from a single State Gazette act, under verification

All 4 current directors first appear in the same act (23422802). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

EINDERPrivate limited company
Director· perm. rep.: VERDOODT Lukas Lowie Longinus Therese
State Gazette act 23422802 (09-11-2023)

Current
09-11-2023 → present
GRISTONPrivate limited company
Director
State Gazette act 23422802 (09-11-2023)

Current
09-11-2023 → present
ODANPublic limited company
Director
State Gazette act 23422802 (09-11-2023)

Current
09-11-2023 → present
SEMPSTPrivate limited company
Director
State Gazette act 23422802 (09-11-2023)

Current
09-11-2023 → present

Legal Structure

NACE primary	Development of residential building projects(68121)
Legal form	Public limited company(014)
Incorporation	11-07-2007
Status	Active
Postal code	1740

Establishment units 1 location

Bauve

Terlindenstraat 44, 1740 TernatNACE 70111

since 20072.166.405.522

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23086A0052/00A002	Flanders	1,081 m²	1 · 151 m²	13.8 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

All 15Financial 3Gazette 2Filings 10

2025

22-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 53 days late

2024

31-12

Financial Weakest financial yearnet €76k ▼81.6%

Net result drops to €76k, the lowest in the series.

17-12

State Gazette act Registered-office change

12-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 12 days late

2023

31-12

Financial Highest result since 2021net €413k ▲0.7%

Operating result €573k, net result €413k, both a record.

31-12

Financial Equity above €2MEq €2.05M ▲25.2%

3 profitable years in a row build equity to €2.05M.

09-11

State Gazette act Director changes

Mireille BEDERT

11-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 42 days late

2022

22-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 22 days late

2021

14-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

15-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 46 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 30 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 31 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 31 days late

2016

28-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 9 acts read

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

Address history · 1

17-12-2024

Registered-office move

All acts · 2 updated 1 year ago

2024

17-12-2024 Registered office moved within TERNAT Registered-office change

STATIESTRAAT 11-13-1740 Ternat → Terlindenstraat 44-1740 TERNAT

Original publication ↗

Technical details

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    "act_kind_objet": "Onderwerp akte:"
  },
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    "date": "2024-10-03",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0890.772.279",
    "name_full": "BAUVE",
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  },
  "publication_proxy": {
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    "person_name": "Verdoodt Lode",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
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2023

09-11-2023 9 directors appointed Director changes·Mireille BEDERT

SEMPST, Bestuurder
GRISTON, Bestuurder
ODAN, Bestuurder
VERDOODT Lukas Lowie Longinus Therese, Bestuurder
SEMPST, Gedelegeerd bestuurder
GRISTON, Gedelegeerd bestuurder
ODAN, Gedelegeerd bestuurder
EINDER, Gedelegeerd bestuurder

Notary: Mireille BEDERT · Ternat

Original publication ↗

Technical details

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    "bijgewerkte en geco\u00F6rdineerde tekst van de statuten"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Development of residential building projects6812170111Buying and selling of own real estate6811070120

Names & trade names

Legal nameNL

BAUVE

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