BAVEC
ActiveSummary
BAVEC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82,407 and a net result of €4,192. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 8965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-11
Solvency70▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.01 in 2023; short-term debt: 42.6% and cash: 33.8% of total assets), and 55.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
44.6%
Return on assets
2.3%
Age of the figures
21 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 28-08-2025, 28 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
28 d late
2023
9 d late
2022
21 d late
2021
4 d early
2020
2 d early
2019
72 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€82,407▲ 5.4%
2023 · €78,215
Total assets
€184,649▲ 7.7%
2023 · €171,496
Net result
€4,192▼ 78.2%
2023 · €19,200
Working capital
€1,240▲ 413%
2023 · €242
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€22,956€7,235€27,763▲ 284%€30,939▲ 11.4%€12,517▼ 59.5%
Net result-€28,114€2,258€17,542▲ 677%€19,200▲ 9.5%€4,192▼ 78.2%
Equity€39,215▼ 41.8%€41,473▲ 5.8%€59,015▲ 42.3%€78,215▲ 32.5%€82,407▲ 5.4%
Total assets€107,682▼ 28.1%€87,832▼ 18.4%€89,853▲ 2.3%€171,496▲ 90.9%€184,649▲ 7.7%
Debt€68,467▼ 16.9%€46,359▼ 32.3%€30,838▼ 33.5%€93,281▲ 202%€102,243▲ 9.6%
Working capital€41,063€10,490▼ 74.5%€32,911▲ 214%€242▼ 99.3%€1,240▲ 413%
Staff (FTE)0.1▼ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 60% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184,649
Fixed assets
€104,737 ▼ 17.1%
Current assets
€79,912 ▲ 76.8%
Equity and liabilities €184,649
Equity
€82,407 ▲ 5.4%
Debt
€102,243 ▲ 9.6%
Debt's share of the balance-sheet total rises from 54.4% to 55.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€40,183▼
2023 · €40,873
Cash flow
€31,858▲
2023 · €29,134
Current ratio
1.02▲
2023 · 1.01
Debt to equity
1.24▲
2023 · 1.19
ROE
5.1%▼
2023 · 24.5%
ROA
2.3%▼
2023 · 11.2%
Interest coverage
12.95▼
2023 · 37.61
Debt ≤ 1 year
€78,672▲
2023 · €44,960
Debt > 1 year
€23,570▼
2023 · €48,321
Income taxes
€5,288▼
2023 · €11,163
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | €1,100 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,164 | €3,313 | €6,128 | €9,934 | €27,666 | ▲ 179% |
| Other operating charges640/8 | - | €769 | €620 | €1,091 | €6,241 | ▲ 472% |
| Gross operating margin9900 | €65,365 | €11,317 | €35,610 | €41,964 | €46,425 | ▲ 10.6% |
| Operating profit (loss)9901 | -€22,956 | €7,235 | €27,763 | €30,939 | €12,517 | ▼ 59.5% |
| Financial income75/76B | - | - | - | €510 | €66 | ▼ 87.1% |
| Recurring financial income75 | €0 | - | - | €510 | €66 | ▼ 87.1% |
| Financial charges65/66B | - | €1,024 | €707 | €1,087 | €3,103 | ▲ 186% |
| Recurring financial charges65 | €1,022 | €1,024 | €707 | €1,087 | €3,103 | ▲ 186% |
| Profit (loss) for the period before taxes9903 | -€23,978 | €6,211 | €27,055 | €30,363 | €9,480 | ▼ 68.8% |
| Income taxes67/77 | €4,136 | €3,953 | €9,513 | €11,163 | €5,288 | ▼ 52.6% |
| Profit (loss) for the period9904 | -€28,114 | €2,258 | €17,542 | €19,200 | €4,192 | ▼ 78.2% |
| Transfer from tax-exempt reserves789 | - | €12,500 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€28,114 | €14,758 | €17,542 | €19,200 | €4,192 | ▼ 78.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,682 | €87,832 | €89,853 | €171,496 | €184,649 | ▲ 7.7% |
| Fixed assets21/28 | €16,112 | €30,983 | €26,104 | €126,294 | €104,737 | ▼ 17.1% |
| Tangible fixed assets22/27 | €15,683 | €30,604 | €25,725 | €125,915 | €104,358 | ▼ 17.1% |
| Land and buildings22 | - | - | - | €21,281 | €16,885 | ▼ 20.7% |
| Plant, machinery and equipment23 | - | - | - | - | €622 | - |
| Furniture and vehicles24 | - | €28,681 | €24,236 | €103,580 | €86,851 | ▼ 16.2% |
| Other tangible fixed assets26 | - | €1,922 | €1,489 | €1,055 | €0 | ▼ 100% |
| Financial fixed assets28 | €429 | €379 | €379 | €379 | €379 | = |
| Current assets29/58 | €91,570 | €56,850 | €63,749 | €45,201 | €79,912 | ▲ 76.8% |
| Amounts receivable within one year40/41 | €5,854 | €5,524 | €5,346 | €10,697 | €13,217 | ▲ 23.5% |
| Trade receivables40 | - | €5,524 | €4,859 | €0 | €2,592 | - |
| Other amounts receivable41 | - | - | €487 | €10,697 | €10,625 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €84,170 | €46,943 | €58,403 | €33,026 | €62,410 | ▲ 89.0% |
| Deferred charges and accrued income490/1 | - | €4,383 | €0 | €1,478 | €4,286 | ▲ 190% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,682 | €87,832 | €89,853 | €171,496 | €184,649 | ▲ 7.7% |
| Equity10/15 | €39,215 | €41,473 | €59,015 | €78,215 | €82,407 | ▲ 5.4% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €50,853 | €38,353 | €52,818 | €72,018 | €76,209 | ▲ 5.8% |
| Non-distributable reserves130/1 | - | €2,109 | €2,109 | €2,109 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2,109 | €2,109 | €2,109 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €36,244 | €50,708 | €69,908 | €76,209 | ▲ 9.0% |
| Profit (loss) carried forward14 | -€17,836 | -€3,078 | €0 | - | - | - |
| Amounts payable17/49 | €68,467 | €46,359 | €30,838 | €93,281 | €102,243 | ▲ 9.6% |
| Amounts payable after more than one year17 | €17,960 | €0 | - | €48,321 | €23,570 | ▼ 51.2% |
| Financial debts170/4 | - | €0 | - | €48,321 | €23,570 | ▼ 51.2% |
| Amounts payable within one year42/48 | €50,508 | €46,359 | €30,838 | €44,960 | €78,672 | ▲ 75.0% |
| Current portion of amounts payable after more than one year42 | - | €12,008 | €0 | €23,786 | €24,751 | ▲ 4.1% |
| Trade debts44 | €5,787 | €6,348 | €5,651 | €9,993 | €7,318 | ▼ 26.8% |
| Suppliers440/4 | - | €6,348 | €5,651 | €9,993 | €7,318 | ▼ 26.8% |
| Taxes, remuneration and social security45 | - | €22,151 | €24,507 | €11,180 | €32,531 | ▲ 191% |
| Taxes450/3 | - | €22,151 | €24,507 | €11,180 | €32,531 | ▲ 191% |
| Other amounts payable47/48 | - | €5,852 | €680 | €0 | €14,072 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,114 | €2,258 | €17,542 | €19,200 | €4,192 | ▼ 78.2% |
| + Depreciation and write-downs630 | €2,164 | €3,313 | €6,128 | €9,934 | €27,666 | ▲ 179% |
| Operating cash flow (approximation) | -€25,950 | €5,571 | €23,670 | €29,134 | €31,858 | ▲ 9.4% |
| Investment in fixed assets (approximation) | - | -€18,183 | -€1,249 | -€110,124 | -€6,109 | ▲ 94.5% |
| Change in cash | - | -€37,228 | €11,460 | -€25,377 | €29,383 | ▲ 216% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Highest result since 2018net €19,200 ▲9.5%
Operating result €30,939, net result €19,200, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,258
Net result €2,258 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€28,114
Net result drops to -€28,114, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 41 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Oudergem · 1 establishment unit since 2003
Ground area
6,819 m²
Building footprint
785 m²
Volume, LiDAR
13,354 m³
2 parcels, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BAVEC
since 20032.122.258.842
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332E0032/00N002 | Brussels | 6,609 m² | 1 · 689 m² | 22.6 m · 6 fl. |
| 21447B0217/00F002 | Brussels | 210 m² | 1 · 97 m² | 20.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,618 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
Founded25-07-1995
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455736979
Also
9925:BE0455736979
Registered
26-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.