BAVAC
ActiveBAVAC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126k and a net result of €88k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 2924 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
76
/ 100
Excellent▲ +46 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency29▲+12
Growth32=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.06 in 2023), and 81.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Sector 56
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-12-2025, 141 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
141 d late
2023
161 d late
2022
71 d late
2021
200 d late
2020
265 d late
2019
117 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€126k▲ 225%
2023 · €39k
2018: €188k
2019: €209k
2020: €197k
2021: €253k
2022: €145k
2023: €39k
2018 → 2024
Total assets
€678k▲ 12.5%
2023 · €603k
2018: €709k
2019: €668k
2020: €532k
2021: €659k
2022: €654k
2023: €603k
2018 → 2024
Net result
€88k
2023 · €-106k
2018: €97k
2019: €21k
2020: €-11k
2021: €56k
2022: €-108k
2023: €-106k
2018 → 2024
Working capital
€110k▲ 328%
2023 · €26k
2018: €162k
2019: €191k
2020: €162k
2021: €293k
2022: €133k
2023: €26k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€197k-€253k▲ 28.4%€145k▼ 42.8%€39k▼ 73.1%€126k▲ 225%
Operating result€-5k-€67k€-101k€-98k▲ 3.6%€103k
Net result€-11k-€56k€-108k€-106k▲ 2.2%€88k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €103k after a loss of €98k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €678k
Fixed assets
€116k▼ 11.3%
Current assets
€562k▲ 19.0%
Equity and liabilities €678k
Equity
€126k▲ 225%
Debt
€552k▼ 2.2%
The debt ratio falls from 93.5% to 81.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€120k▲
2023 · €-80k
Cash flow
€105k▲
2023 · €-88k
Solvency
18.7%▲
2023 · 6.5%
Current ratio
1.24▲
2023 · 1.06
Quick ratio
1.17▲
2023 · 0.99
Debt / equity
4.36▼
2023 · 14.47
ROE
69.2%▲
2023 · -272.2%
ROA
12.9%▲
2023 · -17.6%
Interest coverage
19.72▲
2023 · -10.11
Debt
€552k▼
2023 · €564k
Debt ≤ 1 year
€453k▲
2023 · €447k
Debt > 1 year
€99k▲
2023 · €86k
Income taxes
€9k▲
2023 · €531
Staff costs
€838k▼
2023 · €881k
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€603k€678k▲
Fixed assets21/28€130k€116k▼
Tangible fixed assets22/27€127k€112k▼
Land and buildings22€108k€99k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€7k€6k▼
Other tangible fixed assets26€357€0▼
Financial fixed assets28€4k€4k=
Current assets29/58€472k€562k▲
Stocks and contracts in progress3€29k€32k▲
Stocks30/36€29k€32k▲
Amounts receivable within one year40/41€383k€474k▲
Trade receivables40€101k€169k▲
Other amounts receivable41€282k€305k▲
Cash at bank and in hand54/58€48k€56k▲
Deferred charges and accrued income490/1€12k€458▼
Equity and liabilities
Total equity and liabilities10/49€603k€678k▲
Equity10/15€39k€126k▲
Contributions10/11€19k€19k=
Reserves13€21k€108k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€2k€89k▲
Profit (loss) carried forward14€-253€0▲
Amounts payable17/49€564k€552k▼
Amounts payable after more than one year17€86k€99k▲
Financial debts170/4€86k€99k▲
Amounts payable within one year42/48€447k€453k▲
Current portion of amounts payable after more than one year42€51k€34k▼
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€283k€305k▲
Suppliers440/4€283k€305k▲
Advances received on contracts in progress46€2k€2k▼
Taxes, remuneration and social security45€111k€106k▼
Taxes450/3€36k€22k▼
Remuneration and social security454/9€75k€84k▲
Accrued charges and deferred income492/3€32k€229▼
Income statement
Code20232024
Remuneration, social security and pensions62€881k€838k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€16k€10k▼
Gross operating margin9900€817k€968k▲
Operating profit (loss)9901€-98k€103k▲
Financial income75/76B-€200
Recurring financial income75-€200
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€-106k€97k▲
Income taxes67/77€531€9k▲
Profit (loss) for the period9904€-106k€88k▲
Profit (loss) for the period to be appropriated9905€-106k€88k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-253€87k▲
Profit (loss) brought forward from the previous period14P€106k€-253▼
Transfer to equity691/2-€87k
To the legal reserve6920-€87k
Social balance
Average headcount (FTE)908718.118.0▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 141 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 161 days late
2024
31-12
Financial
Back to profitnet €88k
Net result €88k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €126k ▲225%
Equity rises from €39k to €126k.
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 200 days late
2022
31-12
Financial
Weakest financial yearnet €-108k ▼293%
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 265 days late
2021
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
31-12
Financial
Equity above €200kEq €253k ▲28.4%
Equity rises from €197k to €253k.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 117 days late
2019
31-12
Financial
Equity above €200kEq €209k ▲11%
2 profitable years in a row build equity to €209k.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 75 days late
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 76 days late
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 78 days late
2016
11-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 72 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 2004
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.
Franklin Rooseveltlaan 359000 GentGround area
2,673 m²
Building footprint
1,607 m²
Volume, LiDAR
27,896 m³
2 parcels, Flanders · tallest building 30.5 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
BRASSERIE HA
since 20042.138.011.048
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0890/00B000 | Flanders | 1,857 m² | 1 · 1,359 m² | 27.2 m · 5 fl. |
| 44804D2543/00R004 | Flanders | 817 m² | 1 · 248 m² | 30.5 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 253 EUR awarded · 253 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 118 EUR | 118 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.138.011.048
Similar companies · same sector, comparable size
Leroe
BE 0536.993.879
Vosselaar · Eq €126k
LA CIVIERE D'OR
BE 0426.507.911
Brugge · Eq €126k
TABLES LIER
BE 0898.846.738
Ranst · Eq €126k
VAN GOGH
BE 0457.426.066
Middelkerke · Eq €126k
TEX MEX
BE 0461.547.378
Oostende · Eq €126k
Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 9,195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2004
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.