Summary
BAVS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.1m and a net result of €436,615. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 5565 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
51 d early
2023
48 d early
2022
53 d early
2021
52 d early
2020
51 d early
2019
43 d early
← 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 50 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
€1.1m▲ 63.0%
2024 · €693,339
Net result
€436,615▲ 571%
2024 · €65,028
Total assets
€1.8m▼ 27.8%
2024 · €2.5m
Solvency
63.7%▲ 35.5pp
2024 · 28.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€59,302▼ 14.2%€92,990▲ 56.8%€127,039▲ 36.6%€198,464▲ 56.2%€604,737▲ 205%
Net result€22,464within the sector's middle half▼ 15.9%€30,053within the sector's middle half▲ 33.8%€50,030within the sector's middle half▲ 66.5%€65,028within the sector's middle half▲ 30.0%€436,615above the sector's middle half▲ 571%
Equity€548,228within the sector's middle half▲ 4.3%€578,282within the sector's middle half▲ 5.5%€628,311within the sector's middle half▲ 8.7%€693,339within the sector's middle half▲ 10.3%€1.1mwithin the sector's middle half▲ 63.0%
Total assets€1.9mwithin the sector's middle half▲ 8.3%€1.9mwithin the sector's middle half▲ 0.9%€2.5mwithin the sector's middle half▲ 30.0%€2.5mwithin the sector's middle half▼ 0.2%€1.8mwithin the sector's middle half▼ 27.8%
Debt€1.3m▲ 10.1%€1.3m▼ 0.9%€1.8m▲ 39.4%€1.8m▼ 3.9%€533,835▼ 69.7%
Working capital-€520,134▼ 28.4%-€645,796▼ 24.2%-€1.2m▼ 80.4%-€1.3m▼ 14.5%-€97,594▲ 92.7%
Solvency29.2%within the sector's middle half▼ 1.1pp30.5%within the sector's middle half▲ 1.3pp25.5%within the sector's middle half▼ 5.0pp28.2%within the sector's middle half▲ 2.7pp63.7%within the sector's middle half▲ 35.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 has risen four years in a row; 2025 is 205% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.7m ▼ 26.6%
Current assets
€80,918 ▼ 46.9%
Equity and liabilities €1.8m
Equity
€1.1m ▲ 63.0%
Provisions
€109,738
Debt
€533,835 ▼ 69.7%
Debt's share of the balance-sheet total falls from 71.8% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
38.6%▲
2024 · 9.4%
ROA
24.6%▲
2024 · 2.6%
Debt ≤ 1 year
€178,512▼
2024 · €1.5m
Debt > 1 year
€355,323▲
2024 · €277,727
Income taxes
€32,401▲
2024 · €31,781
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €76,642 | €470,533 | ▲ 514% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85,708 | €66,384 | €73,994 | €79,641 | €44,762 | ▼ 43.8% |
| Other operating charges640/8 | €3,718 | €11,734 | €7,547 | €4,983 | €4,555 | ▼ 8.6% |
| Non-recurring operating charges66A | - | - | - | - | €2,387 | - |
| Gross operating margin9900 | €148,728 | €171,108 | €208,580 | €283,088 | €656,441 | ▲ 132% |
| Operating profit (loss)9901 | €59,302 | €92,990 | €127,039 | €198,464 | €604,737 | ▲ 205% |
| Financial income75/76B | €48 | €3,792 | €11,446 | €7,753 | €57,672 | ▲ 644% |
| Recurring financial income75 | €48 | €3,792 | €11,446 | €7,753 | €57,672 | ▲ 644% |
| Financial charges65/66B | €23,443 | €33,993 | €63,168 | €109,409 | €83,655 | ▼ 23.5% |
| Recurring financial charges65 | €23,443 | €33,993 | €63,168 | €109,409 | €83,655 | ▼ 23.5% |
| Profit (loss) for the period before taxes9903 | €35,907 | €62,788 | €75,317 | €96,808 | €578,754 | ▲ 498% |
| Transfer from deferred taxes780 | - | - | - | - | €7,895 | - |
| Transfer to deferred taxes680 | - | - | - | - | €117,633 | - |
| Income taxes67/77 | €13,443 | €32,735 | €25,287 | €31,781 | €32,401 | ▲ 2.0% |
| Profit (loss) for the period9904 | €22,464 | €30,053 | €50,030 | €65,028 | €436,615 | ▲ 571% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €23,685 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €352,900 | - |
| Profit (loss) for the period to be appropriated9905 | €22,464 | €30,053 | €50,030 | €65,028 | €107,400 | ▲ 65.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €2.5m | €2.5m | €1.8m | ▼ 27.8% |
| Fixed assets21/28 | €1.8m | €1.8m | €2.3m | €2.3m | €1.7m | ▼ 26.6% |
| Intangible fixed assets21 | €1,634 | €917 | €200 | - | - | - |
| Tangible fixed assets22/27 | €1.3m | €1.4m | €1.8m | €1.9m | €1.3m | ▼ 28.4% |
| Land and buildings22 | €1.3m | €1.3m | €1.8m | €1.8m | €1.3m | ▼ 28.6% |
| Plant, machinery and equipment23 | €3,298 | €2,194 | €1,353 | €12,513 | €9,565 | ▼ 23.6% |
| Furniture and vehicles24 | €21,363 | €13,394 | €10,723 | €92 | - | - |
| Other tangible fixed assets26 | €7,699 | €7,699 | €7,699 | €7,699 | €7,699 | = |
| Financial fixed assets28 | €435,039 | €435,039 | €435,039 | €435,039 | €354,708 | ▼ 18.5% |
| Current assets29/58 | €112,477 | €99,046 | €180,349 | €152,376 | €80,918 | ▼ 46.9% |
| Amounts receivable after more than one year29 | €79,070 | €82,233 | €76,798 | €62,845 | - | - |
| Other amounts receivable291 | €79,070 | €82,233 | €76,798 | €62,845 | - | - |
| Amounts receivable within one year40/41 | €30,597 | €14,389 | €67,232 | €56,476 | €31,661 | ▼ 43.9% |
| Trade receivables40 | €29,040 | €14,389 | €67,232 | €55,387 | €31,661 | ▼ 42.8% |
| Other amounts receivable41 | €1,557 | - | - | €1,089 | - | - |
| Cash at bank and in hand54/58 | €1,379 | €1,119 | €33,462 | €31,656 | €48,456 | ▲ 53.1% |
| Deferred charges and accrued income490/1 | €1,431 | €1,305 | €2,857 | €1,399 | €801 | ▼ 42.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €2.5m | €2.5m | €1.8m | ▼ 27.8% |
| Equity10/15 | €548,228 | €578,282 | €628,311 | €693,339 | €1.1m | ▲ 63.0% |
| Contributions10/11 | €223,600 | €223,600 | €223,600 | €223,600 | €223,600 | = |
| Reserves13 | €324,628 | €354,682 | €404,711 | €469,739 | €906,354 | ▲ 92.9% |
| Tax-exempt reserves132 | - | - | - | - | €329,215 | - |
| Distributable reserves133 | €324,628 | €354,682 | €404,711 | €469,739 | €577,139 | ▲ 22.9% |
| Provisions and deferred taxes16 | - | - | - | - | €109,738 | - |
| Deferred taxes168 | - | - | - | - | €109,738 | - |
| Amounts payable17/49 | €1.3m | €1.3m | €1.8m | €1.8m | €533,835 | ▼ 69.7% |
| Amounts payable after more than one year17 | €696,312 | €571,765 | €489,673 | €277,727 | €355,323 | ▲ 27.9% |
| Financial debts170/4 | €696,312 | €571,765 | €489,673 | €277,727 | €355,323 | ▲ 27.9% |
| Amounts payable within one year42/48 | €632,610 | €744,841 | €1.3m | €1.5m | €178,512 | ▼ 88.0% |
| Current portion of amounts payable after more than one year42 | €96,949 | €99,541 | €77,777 | €52,152 | €73,499 | ▲ 40.9% |
| Financial debts43 | €218,716 | €313,264 | €878,873 | €1.1m | €18,363 | ▼ 98.3% |
| Credit institutions430/8 | €218,716 | €313,264 | €878,873 | €1.1m | €18,363 | ▼ 98.3% |
| Trade debts44 | €17,668 | €11,345 | €52,417 | €8,562 | €18,969 | ▲ 122% |
| Suppliers440/4 | €17,668 | €11,345 | €52,417 | €8,562 | €18,969 | ▲ 122% |
| Taxes, remuneration and social security45 | €7,953 | €9,668 | €11,754 | €13,656 | €10,132 | ▼ 25.8% |
| Taxes450/3 | €5,732 | €9,668 | €11,754 | €13,656 | €10,132 | ▼ 25.8% |
| Remuneration and social security454/9 | €2,221 | - | - | - | - | - |
| Other amounts payable47/48 | €291,325 | €311,024 | €324,438 | €328,809 | €57,549 | ▼ 82.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,464 | €30,053 | €50,030 | €65,028 | €436,615 | ▲ 571% |
| + Depreciation and write-downs630 | €85,708 | €66,384 | €73,994 | €79,641 | €44,762 | ▼ 43.8% |
| Operating cash flow (approximation) | €108,172 | €96,437 | €124,024 | €144,669 | €481,377 | ▲ 233% |
| Investment in fixed assets (approximation) | - | -€97,553 | -€561,046 | -€101,640 | €567,521 | ▲ 658% |
| Change in cash | - | -€260 | €32,343 | -€1,806 | €16,800 | ▲ 1,030% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €436,615 ▲571%
Operating result €604,737, net result €436,615, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲63%
8 profitable years in a row build equity to €1.1m.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €22,464 ▼15.9%
Net result drops to €22,464, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500,000Eq €525,764 ▲5.4%
3 profitable years in a row build equity to €525,764.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Oostende · 1 establishment unit since 1998
Ground area
408 m²
Building footprint
173 m²
Parcel 35385B0496/00M002, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Ter Streeppad 53, 8400 Oostende
since 19982.086.149.504
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35385B0496/00M002 | Flanders | 408 m² | 1 · 172 m² | 0.1 m |
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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
48.84%
According to the 2025 annual accounts of BAVS 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,218 EUR awarded · 4,218 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,218 EUR | 4,218 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 12,396 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
Founded20-02-1998
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462746121
Also
9925:BE0462746121
Registered
30-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.