BAVICO
ActiveSummary
BAVICO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €17k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+3
Solvency82▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 3.78 in 2023; short-term debt: 30.1% and cash: 28.3% of total assets), and 42.6% of the assets are financed with debt.
Credit check 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2024Solvency, return and age of the figures
Solvency
57.4%
Return on assets
12%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
34 d early
2022
24 d early
2021
23 d early
2020
18 d late
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€83k▲ 0.6%
2023 · €82k
2018: €12klowest in 7 years
2019: €35k▲ +201% vs 2018
2020: €57k▲ +60.1% vs 2019
2021: €68k▲ +19.1% vs 2020
2022: €69k▲ +2.1% vs 2021
2023: €82k▲ +19.3% vs 2022
2024: €83k▲ +0.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€144k▼ 4.5%
2023 · €151k
2018: €50klowest in 7 years
2019: €85k▲ +68.4% vs 2018
2020: €107k▲ +26.3% vs 2019
2021: €100k▼ -7.1% vs 2020
2022: €151k▲ +51.3% vs 2021
2023: €151k▲ +0.4% vs 2022highest in 7 years
2024: €144k▼ -4.5% vs 2023
2018 → 2024
Net result
€17k▲ 19.8%
2023 · €15k
2018: €-10klowest in 7 years
2019: €21k▲ +298% vs 2018
2020: €21k▲ +4.0% vs 2019highest in 7 years
2021: €11k▼ -49.2% vs 2020
2022: €1k▼ -86.7% vs 2021
2023: €15k▲ +904% vs 2022
2024: €17k▲ +19.8% vs 2023
2018 → 2024
Working capital
€48k▼ 30.0%
2023 · €69k
2018: €7klowest in 7 years
2019: €33k▲ +388% vs 2018
2020: €41k▲ +21.5% vs 2019
2021: €49k▲ +21.7% vs 2020
2022: €51k▲ +3.7% vs 2021
2023: €69k▲ +34.4% vs 2022highest in 7 years
2024: €48k▼ -30.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€57k-€68k▲ 19.1%€69k▲ 2.1%€82k▲ 19.3%€83k▲ 0.6%
2020: €57klowest in 5 years
2021: €68k▲ +19.1% vs 2020
2022: €69k▲ +2.1% vs 2021
2023: €82k▲ +19.3% vs 2022
2024: €83k▲ +0.6% vs 2023highest in 5 years
Operating result€28k-€13k▼ 51.6%€355▼ 97.3%€18k▲ 4,944%€21k▲ 19.2%
2020: €28khighest in 5 years
2021: €13k▼ -51.6% vs 2020
2022: €355▼ -97.3% vs 2021lowest in 5 years
2023: €18k▲ +4944% vs 2022
2024: €21k▲ +19.2% vs 2023
Net result€21k-€11k▼ 49.2%€1k▼ 86.7%€15k▲ 904%€17k▲ 19.8%
2020: €21khighest in 5 years
2021: €11k▼ -49.2% vs 2020
2022: €1k▼ -86.7% vs 2021lowest in 5 years
2023: €15k▲ +904% vs 2022
2024: €17k▲ +19.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 19% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144k
Fixed assets
€53k ▼ 8.5%
Current assets
€92k ▼ 2.0%
Equity and liabilities €144k
Equity
€83k ▲ 0.6%
Debt
€62k ▼ 10.6%
Debt's share of the balance-sheet total falls from 45.5% to 42.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2023 · €32k
Cash flow
€33k▲
2023 · €28k
Current ratio
2.11▼
2023 · 3.78
Quick ratio
1.83▼
2023 · 3.17
Debt to equity
0.74▼
2023 · 0.84
ROE
21.0%▲
2023 · 17.6%
ROA
12.0%▲
2023 · 9.6%
Interest coverage
39.07▲
2023 · 19.41
Debt ≤ 1 year
€44k▲
2023 · €25k
Debt > 1 year
€18k▼
2023 · €27k
Income taxes
€7k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€151k€144k▼
Fixed assets21/28€58k€53k▼
Tangible fixed assets22/27€56k€51k▼
Plant, machinery and equipment23€9k€9k▲
Furniture and vehicles24€39k€35k▼
Other tangible fixed assets26€8k€8k▼
Financial fixed assets28€2k€2k=
Current assets29/58€94k€92k▼
Stocks and contracts in progress3€15k€12k▼
Stocks30/36€15k€12k▼
Amounts receivable within one year40/41€16k€19k▲
Trade receivables40€9k€15k▲
Other amounts receivable41€7k€4k▼
Cash at bank and in hand54/58€61k€41k▼
Deferred charges and accrued income490/1€1k€19k▲
Equity and liabilities
Total equity and liabilities10/49€151k€144k▼
Equity10/15€82k€83k▲
Contributions10/11€19k€19k=
Reserves13€64k€64k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€64k€64k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€69k€62k▼
Amounts payable after more than one year17€27k€18k▼
Financial debts170/4€27k€18k▼
Amounts payable within one year42/48€25k€44k▲
Current portion of amounts payable after more than one year42€14k€9k▼
Trade debts44€7k€16k▲
Suppliers440/4€7k€16k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€1k€16k▲
Accrued charges and deferred income492/3€17k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€2k€828▼
Gross operating margin9900€33k€38k▲
Operating profit (loss)9901€18k€21k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€2k€941▼
Recurring financial charges65€2k€941▼
Profit (loss) for the period before taxes9903€20k€25k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€15k€17k▲
Profit (loss) for the period to be appropriated9905€15k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€17k▲
Transfer from equity791/2-€17k
Transfer to equity691/2€13k€17k▲
To other reserves6921€13k€17k▲
Profit to be distributed694/7€1k€17k▲
Return on contributions (dividend)694€1k€17k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €13k | €11k | €14k | €15k | ▲ 12.4% |
| Other operating charges640/8 | - | €1k | €360 | €2k | €828 | ▼ 48.7% |
| Gross operating margin9900 | €41k | €27k | €12k | €33k | €38k | ▲ 13.1% |
| Operating profit (loss)9901 | €28k | €13k | €355 | €18k | €21k | ▲ 19.2% |
| Financial income75/76B | - | €4k | €2k | €3k | €4k | ▲ 25.4% |
| Recurring financial income75 | €2k | €4k | €2k | €3k | €4k | ▲ 25.4% |
| Financial charges65/66B | - | €1k | €841 | €2k | €941 | ▼ 42.2% |
| Recurring financial charges65 | €2k | €1k | €841 | €2k | €941 | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | €28k | €16k | €2k | €20k | €25k | ▲ 25.4% |
| Income taxes67/77 | €6k | €5k | €144 | €5k | €7k | ▲ 40.7% |
| Profit (loss) for the period9904 | €21k | €11k | €1k | €15k | €17k | ▲ 19.8% |
| Profit (loss) for the period to be appropriated9905 | €21k | €11k | €1k | €15k | €17k | ▲ 19.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107k | €100k | €151k | €151k | €144k | ▼ 4.5% |
| Fixed assets21/28 | €34k | €29k | €59k | €58k | €53k | ▼ 8.5% |
| Tangible fixed assets22/27 | €32k | €27k | €57k | €56k | €51k | ▼ 8.7% |
| Plant, machinery and equipment23 | - | €10k | €10k | €9k | €9k | ▲ 2.7% |
| Furniture and vehicles24 | - | €5k | €39k | €39k | €35k | ▼ 11.7% |
| Other tangible fixed assets26 | - | €12k | €9k | €8k | €8k | ▼ 6.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €73k | €71k | €92k | €94k | €92k | ▼ 2.0% |
| Stocks and contracts in progress3 | €6k | €10k | €23k | €15k | €12k | ▼ 19.0% |
| Stocks30/36 | - | €10k | €23k | €15k | €12k | ▼ 19.0% |
| Amounts receivable within one year40/41 | €39k | €22k | €48k | €16k | €19k | ▲ 18.8% |
| Trade receivables40 | - | €11k | €27k | €9k | €15k | ▲ 69.6% |
| Other amounts receivable41 | - | €11k | €21k | €7k | €4k | ▼ 41.3% |
| Cash at bank and in hand54/58 | €27k | €35k | €18k | €61k | €41k | ▼ 32.7% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €1k | €19k | ▲ 1,287% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107k | €100k | €151k | €151k | €144k | ▼ 4.5% |
| Equity10/15 | €57k | €68k | €69k | €82k | €83k | ▲ 0.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €38k | €49k | €50k | €64k | €64k | ▲ 0.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €47k | €49k | €64k | €64k | ▲ 0.8% |
| Profit (loss) carried forward14 | €-5k | - | - | €0 | - | - |
| Amounts payable17/49 | €50k | €32k | €82k | €69k | €62k | ▼ 10.6% |
| Amounts payable after more than one year17 | €18k | €10k | €41k | €27k | €18k | ▼ 33.0% |
| Financial debts170/4 | - | €10k | €41k | €27k | €18k | ▼ 33.0% |
| Amounts payable within one year42/48 | €33k | €21k | €41k | €25k | €44k | ▲ 75.7% |
| Current portion of amounts payable after more than one year42 | - | €7k | €14k | €14k | €9k | ▼ 36.9% |
| Trade debts44 | €7k | €5k | €19k | €7k | €16k | ▲ 124% |
| Suppliers440/4 | - | €5k | €19k | €7k | €16k | ▲ 124% |
| Taxes, remuneration and social security45 | - | €9k | €7k | €2k | €3k | ▲ 28.5% |
| Taxes450/3 | - | €9k | €7k | €2k | €3k | ▲ 28.5% |
| Other amounts payable47/48 | - | - | - | €1k | €16k | ▲ 1,209% |
| Accrued charges and deferred income492/3 | - | - | - | €17k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €11k | €1k | €15k | €17k | ▲ 19.8% |
| + Depreciation and write-downs630 | €12k | €13k | €11k | €14k | €15k | ▲ 12.4% |
| Operating cash flow (approximation) | €33k | €24k | €12k | €28k | €33k | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | €-8k | €-41k | €-12k | €-10k | ▲ 15.9% |
| Change in cash | - | €8k | €-17k | €43k | €-20k | ▼ 147% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €21k ▲4%
Operating result €28k, net result €21k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.71
Current ratio from 1.30 to 2.71; short-term debt falls from €23k to €20k.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Ranst · 1 establishment unit since 2011
Ground area
3,550 m²
Building footprint
158 m²
Volume, LiDAR
1,097 m³
Parcel 11035C0137/00V000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAVICO BVBA
since 20112.207.079.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035C0137/00V000 | Flanders | 3,550 m² | 1 · 158 m² | 10.4 m · 2 fl. |
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.
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 3,067 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
Founded12-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.