Bavo
ActiveSummary
Bavo has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €89,099. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 51% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+37
Solvency79▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.1 in 2024; short-term debt: 14.2% and cash: 0.2% of total assets), and 46.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.7%
Return on assets
2.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
57 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.1m▲ 4.5%
2024 · €2.0m
Total assets
€3.8m▼ 0.5%
2024 · €3.8m
Net result
€89,099
2024 · -€67,831
Working capital
-€530,189▲ 5.5%
2024 · -€560,890
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
Line20212022202320242025
Operating result€31,802▼ 41.2%€19,576▼ 38.4%€27,393▲ 39.9%-€43,290€111,259
Net result€562▼ 96.6%-€41,018€728-€67,831€89,099
Equity€2.1m=€2.0m▼ 2.0%€2.0m=€2.0m▼ 3.3%€2.1m▲ 4.5%
Total assets€4.5m▲ 3.4%€4.5m▼ 1.0%€4.2m▼ 6.4%€3.8m▼ 8.0%€3.8m▼ 0.5%
Debt€2.3m▲ 7.3%€2.3m▲ 0.3%€2.1m▼ 11.9%€1.8m▼ 12.5%€1.7m▼ 5.4%
Working capital-€631,860▲ 8.3%-€613,555▲ 2.9%-€560,433▲ 8.7%-€560,890▼ 0.1%-€530,189▲ 5.5%
Staff (FTE)2.1▲ 40.0%2▼ 4.8%2.3▲ 15.0%3▲ 30.4%2.9▼ 3.3%
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 returns to profit in 2025: €111,259 after a loss of €43,290 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€3.8m ▲ 0.8%
Current assets
€13,721 ▼ 78.1%
Equity and liabilities €3.8m
Equity
€2.1m ▲ 4.5%
Provisions
€75,992 ▼ 11.1%
Debt
€1.7m ▼ 5.4%
Debt's share of the balance-sheet total falls from 46.6% to 44.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€223,879▲
2024 · €73,547
Cash flow
€201,719▲
2024 · €49,006
Current ratio
0.03▼
2024 · 0.10
Debt to equity
0.82▼
2024 · 0.91
ROE
4.3%▲
2024 · -3.4%
ROA
2.3%▲
2024 · -1.8%
Interest coverage
7.07▲
2024 · 2.19
Debt ≤ 1 year
€543,910▼
2024 · €623,533
Debt > 1 year
€1.2m▼
2024 · €1.2m
Income taxes
€0▼
2024 · €491
Staff costs
€126,293▼
2024 · €126,995
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €78,859 | €77,832 | €91,872 | €126,995 | €126,293 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €124,824 | €124,824 | €120,165 | €116,837 | €112,620 | ▼ 3.6% |
| Other operating charges640/8 | €32,347 | €41,395 | €35,929 | €37,446 | €38,840 | ▲ 3.7% |
| Gross operating margin9900 | €267,832 | €263,627 | €275,359 | €237,987 | €389,012 | ▲ 63.5% |
| Operating profit (loss)9901 | €31,802 | €19,576 | €27,393 | -€43,290 | €111,259 | ▲ 357% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €40,733 | €38,333 | €35,951 | €33,543 | €31,652 | ▼ 5.6% |
| Recurring financial charges65 | €40,733 | €38,333 | €35,951 | €33,543 | €31,652 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | -€8,931 | -€18,757 | -€8,558 | -€76,833 | €79,606 | ▲ 204% |
| Transfer from deferred taxes780 | €9,493 | €9,493 | €9,493 | €9,493 | €9,493 | = |
| Income taxes67/77 | - | €31,753 | €206 | €491 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €562 | -€41,018 | €728 | -€67,831 | €89,099 | ▲ 231% |
| Transfer from tax-exempt reserves789 | €18,431 | €18,431 | €18,431 | €18,431 | €18,431 | = |
| Profit (loss) for the period to be appropriated9905 | €18,993 | -€22,587 | €19,159 | -€49,400 | €107,530 | ▲ 318% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.5m | €4.2m | €3.8m | €3.8m | ▼ 0.5% |
| Fixed assets21/28 | €4.1m | €4.0m | €3.9m | €3.8m | €3.8m | ▲ 0.8% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.2m | €1.1m | €1.2m | ▲ 2.7% |
| Land and buildings22 | €1.4m | €1.3m | €1.2m | €1.1m | €1.2m | ▲ 4.2% |
| Plant, machinery and equipment23 | €76,784 | €56,534 | €36,284 | €16,034 | €0 | ▼ 100% |
| Furniture and vehicles24 | €11,314 | €3,328 | - | - | - | - |
| Financial fixed assets28 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Current assets29/58 | €363,967 | €444,096 | €279,573 | €62,643 | €13,721 | ▼ 78.1% |
| Amounts receivable within one year40/41 | €359,402 | €435,350 | €272,764 | €57,737 | €7,952 | ▼ 86.2% |
| Trade receivables40 | €359,402 | €435,350 | €272,012 | €57,737 | €7,952 | ▼ 86.2% |
| Other amounts receivable41 | - | - | €752 | - | - | - |
| Cash at bank and in hand54/58 | €4,565 | €8,746 | €6,809 | €4,906 | €5,769 | ▲ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.5m | €4.2m | €3.8m | €3.8m | ▼ 0.5% |
| Equity10/15 | €2.1m | €2.0m | €2.0m | €2.0m | €2.1m | ▲ 4.5% |
| Contributions10/11 | €871,000 | €871,000 | €871,000 | €871,000 | €871,000 | = |
| Capital10 | €871,000 | €871,000 | €871,000 | €871,000 | €871,000 | = |
| Issued capital100 | €871,000 | €871,000 | €871,000 | €871,000 | €871,000 | = |
| Reserves13 | €321,114 | €302,683 | €284,252 | €265,821 | €247,391 | ▼ 6.9% |
| Non-distributable reserves130/1 | €99,200 | €99,200 | €99,200 | €99,200 | €99,200 | = |
| Legal reserve130 | €99,200 | €99,200 | €99,200 | €99,200 | €99,200 | = |
| Tax-exempt reserves132 | €221,266 | €202,835 | €184,404 | €165,973 | €147,542 | ▼ 11.1% |
| Distributable reserves133 | €648 | €648 | €648 | €648 | €648 | = |
| Profit (loss) carried forward14 | €886,099 | €863,513 | €882,672 | €833,271 | €940,801 | ▲ 12.9% |
| Provisions and deferred taxes16 | €113,962 | €104,470 | €94,977 | €85,484 | €75,992 | ▼ 11.1% |
| Deferred taxes168 | €113,962 | €104,470 | €94,977 | €85,484 | €75,992 | ▼ 11.1% |
| Amounts payable17/49 | €2.3m | €2.3m | €2.1m | €1.8m | €1.7m | ▼ 5.4% |
| Amounts payable after more than one year17 | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 1.5% |
| Financial debts170/4 | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 1.5% |
| Amounts payable within one year42/48 | €995,827 | €1.1m | €840,006 | €623,533 | €543,910 | ▼ 12.8% |
| Current portion of amounts payable after more than one year42 | €59,072 | €57,783 | €58,278 | €39,970 | €18,126 | ▼ 54.7% |
| Trade debts44 | €920,398 | €986,998 | €33,099 | €5,959 | €12,630 | ▲ 112% |
| Suppliers440/4 | €920,398 | €986,998 | €33,099 | €5,959 | €12,630 | ▲ 112% |
| Taxes, remuneration and social security45 | €16,357 | €12,871 | €9,841 | €25,071 | €20,693 | ▼ 17.5% |
| Taxes450/3 | €7,380 | €3,688 | - | €10,861 | €13,588 | ▲ 25.1% |
| Remuneration and social security454/9 | €8,978 | €9,183 | €9,841 | €14,210 | €7,105 | ▼ 50.0% |
| Other amounts payable47/48 | - | - | €738,788 | €552,532 | €492,461 | ▼ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €562 | -€41,018 | €728 | -€67,831 | €89,099 | ▲ 231% |
| + Depreciation and write-downs630 | €124,824 | €124,824 | €120,165 | €116,837 | €112,620 | ▼ 3.6% |
| Operating cash flow (approximation) | €125,385 | €83,806 | €120,893 | €49,006 | €201,719 | ▲ 312% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€143,400 | - |
| Change in cash | - | €4,181 | -€1,938 | -€1,902 | €863 | ▲ 145% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €89,099
Net result €89,099 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.1m ▲4.5%
Equity rises from €2.0m to €2.1m.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€67,831
Net result drops to -€67,831, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Back to profitnet €728
Net result €728 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €16,687
Net result €16,687 after 2 loss-making years.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
Show earlier events
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
9 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, Dendermonde · 1 establishment unit since 2001
Ground area
1.8 ha
Building footprint
3,874 m²
Volume, LiDAR
20,089 m³
Parcel 42002C0447/00G000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steenkaaistraat (BAA) 19, 9200 Dendermonde
since 20012.052.637.388
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002C0447/00G000 | Flanders | 1.8 ha | 1 · 3,874 m² | 11.8 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.
Structure & network
Owners and holdings
1 owner · 3 holdingsOwners 1
-
33.33%
Holdings 3
-
99.97%
-
99.85%
-
99.8%
According to the 2025 annual accounts of Bavo and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 19,830 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442926942
Registered
16-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.