bbv systems

Open bankruptcy

Private limited companyfounded 2010Rijnrode 70, 3460 Bekkevoort, BelgiumKBO/BCE: BE 0827.614.589

A bankruptcy procedure is open for bbv systems according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €8k and a net result of €-8k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 filings

Deviation from the deadline

2025

not confirmed

2024

26 d late

2023

on the day

2022

2 d early

2021

29 d late

2020

4 d early

2019

84 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€8k▼ 51.1%

2023 · €16k

2018: €15k 2019: €4k 2020: €234 2021: €-342 2022: €6k 2023: €16k

2018 → 2024

Total assets

€32k▲ 105%

2023 · €16k

2018: €23k 2019: €22k 2020: €8k 2021: €8k 2022: €12k 2023: €16k

2018 → 2024

Net result

€-8k

2023 · €9k

2018: €-1k 2019: €-12k 2020: €-4k 2021: €-576 2022: €7k 2023: €9k

2018 → 2024

Working capital

€-6k

2023 · €7k

2018: €11k 2019: €2k 2020: €-66 2021: €-342 2022: €6k 2023: €7k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€234-€-342€6k€16k▲ 145%€8k▼ 51.1%

Operating result€-3k-€-275▲ 91.6%€7k€10k▲ 44.4%€-6k

Net result€-4k-€-576▲ 84.1%€7k€9k▲ 37.9%€-8k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €6k after €10k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €32k

81.7%

18.3%

Fixed assets €27k▲ 218%

Current assets €6k▼ 20.7%

Equity and liabilities €32k

23.9%

76.1%

Equity €8k

Debt €25k

Debt finances 76.1% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-2k▼

2023 · €10k

Cash flow

€-5k▼

2023 · €9k

Solvency

23.9%▼

2023 · 100.0%

Current ratio

0.49

Quick ratio

0.49

Debt / equity

3.19▲

2023 · 0.00

ROE

-104.3%▼

2023 · 59.2%

ROA

-24.9%▼

2023 · 59.2%

Interest coverage

-0.87▼

2023 · 10.41

Debt

€25k▲

2023 · €0

Debt ≤ 1 year

€12k▲

2023 · €0

Debt > 1 year

€12k

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€16k€32k▲

Fixed assets21/28€8k€27k▲

Tangible fixed assets22/27€8k€27k▲

Land and buildings22€8k€8k▼

Plant, machinery and equipment23-€0

Furniture and vehicles24-€19k

Current assets29/58€7k€6k▼

Amounts receivable within one year40/41€3k€4k▲

Trade receivables40€1k€2k▲

Other amounts receivable41€2k€3k▲

Cash at bank and in hand54/58€4k€598▼

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€16k€32k▲

Equity10/15€16k€8k▼

Contributions10/11€19k€19k=

Reserves13€530€530=

Non-distributable reserves130/1€1€1=

Reserves not available under the articles1311€1€1=

Tax-exempt reserves132€529€529=

Profit (loss) carried forward14€-3k€-11k▼

Amounts payable17/49€0€25k▲

Amounts payable after more than one year17-€12k

Financial debts170/4-€12k

Amounts payable within one year42/48€0€12k▲

Current portion of amounts payable after more than one year42-€7k

Trade debts44-€5k

Suppliers440/4-€5k

Taxes, remuneration and social security45-€180

Remuneration and social security454/9-€180

Other amounts payable47/48€0-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46€3k▲

Other operating charges640/8€11k€220▼

Gross operating margin9900€22k€-2k▼

Operating profit (loss)9901€10k€-6k▼

Financial income75/76B€9€86▲

Recurring financial income75€9€86▲

Financial charges65/66B€1k€3k▲

Recurring financial charges65€1k€3k▲

Profit (loss) for the period before taxes9903€9k€-8k▼

Profit (loss) for the period9904€9k€-8k▼

Profit (loss) for the period to be appropriated9905€9k€-8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-3k€-11k▼

Profit (loss) brought forward from the previous period14P€-13k€-3k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Signals 1Financial 4Filings 10

2026

13-05

Bankruptcy Opening

Ondernemingsrechtbank Leuven · BBV SYSTEMS BV RIJNRODE 70, 3460 BEKKEVOORT · event 07-05-2026

2025

26-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 26 days late

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2018net €9k ▲37.9%

Operating result €10k, net result €9k, both a record.

29-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €7k

Net result €7k after 4 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 2.07

Current ratio from 0.96 to 2.07; short-term debt falls from €8k to €6k.

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

27-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

23-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 84 days late

2019

31-12

Financial Weakest financial yearnet €-12k

Net result drops to €-12k, the lowest in the series.

26-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 28 days late

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 28 days late

2016

28-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 28 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Bekkevoort

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.

Rijnrode 703460 Bekkevoort

Ground area

1,460 m²

Building footprint

141 m²

Parcel 24002H0037/00R000, Flanders. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24002H0037/00R000	Flanders	1,460 m²	1 · 141 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61, 3290 DIEST ↔ Also on 260 other cases	07-05-2026 → present
Curator	ELS VAN ERUM ENGELAND- STRAAT 61, 3290 DIEST	07-05-2026 → present