BCVO
ActiveSummary
BCVO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €38,019. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 34% of 3267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50=
Solvency59▼-6
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.48 in 2024; short-term debt: 36.1% and cash: 0.5% of total assets), and 66% 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
34%
Return on assets
1.1%
Age of the figures
9 mo
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
71 d early
2023
29 d late
2022
32 d early
2021
62 d early
2020
5 d early
2019
21 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 27 days before 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. Usually files around 30 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€1,500▼ 91.7%
2022 · €18,046
EBIT margin
5976.5%▲ 5653.9pp
2022 · 322.6%
Net result
€38,019▲ 145%
2024 · €15,537
Working capital
-€490,357▲ 59.8%
2024 · -€1.2m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€131,028€18,046▼ 86.2%€1,500▼ 91.7%
Operating result-€16,631€58,214€89,648▲ 54.0%€79,682▼ 11.1%€68,295▼ 14.3%
Net result€22,134within the sector's middle half€52,413within the sector's middle half▲ 137%€29,281within the sector's middle half▼ 44.1%€15,537within the sector's middle half▼ 46.9%€38,019within the sector's middle half▲ 145%
EBIT margin-12.7%322.6%▲ 335.3pp5976.5%▲ 5653.9pp
Equity€2.3mwithin the sector's middle half▲ 1.0%€2.3mwithin the sector's middle half▲ 2.3%€2.3mwithin the sector's middle half▲ 1.3%€2.4mwithin the sector's middle half▲ 0.7%€1.2mwithin the sector's middle half▼ 49.4%
Total assets€4.5mwithin the sector's middle half▲ 4.7%€5.2mwithin the sector's middle half▲ 15.4%€5.9mwithin the sector's middle half▲ 13.4%€5.8mwithin the sector's middle half▼ 1.1%€3.5mwithin the sector's middle half▼ 39.8%
Debt€2.2m▲ 8.8%€2.9m▲ 28.4%€3.5m▲ 23.1%€3.5m▼ 2.2%€2.3m▼ 33.3%
Working capital€107,662within the sector's middle half-€136,457below the sector's middle half-€1.0mbelow the sector's middle half▼ 662%-€1.2mbelow the sector's middle half▼ 17.1%-€490,357below the sector's middle half▲ 59.8%
Solvency50.1%within the sector's middle half▼ 1.8pp44.5%within the sector's middle half▼ 5.7pp39.7%within the sector's middle half▼ 4.8pp40.4%within the sector's middle half▲ 0.7pp34.0%within the sector's middle half▼ 6.4pp
Current ratio1.08within the sector's middle half▲ 0.280.91within the sector's middle half▼ 0.170.54below the sector's middle half▼ 0.370.48below the sector's middle half▼ 0.060.61within the sector's middle half▲ 0.13
Return on assets (ROA)0.5%within the sector's middle half▲ 0.9pp1.0%within the sector's middle half▲ 0.5pp0.5%within the sector's middle half▼ 0.5pp0.3%within the sector's middle half▼ 0.2pp1.1%within the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€2.7m ▼ 41.9%
Current assets
€774,155 ▼ 31.1%
Equity and liabilities €3.5m
Equity
€1.2m ▼ 49.4%
Debt
€2.3m ▼ 33.3%
Debt's share of the balance-sheet total rises from 59.6% to 66.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€137,109▼
2024 · €151,177
Cash flow
€106,833▲
2024 · €87,032
Debt to equity
1.94▲
2024 · 1.47
ROE
3.2%▲
2024 · 0.7%
Interest coverage
3.63▼
2024 · 3.73
Debt ≤ 1 year
€1.3m▼
2024 · €2.3m
Debt > 1 year
€1.0m▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €181,448 | €165,954 | €200,661 | €233,558 | €236,205 | ▲ 1.1% |
| Turnover70 | €131,028 | €18,046 | €1,500 | - | - | - |
| Other operating income74 | €50,420 | €106,381 | €156,069 | €233,558 | €236,205 | ▲ 1.1% |
| Non-recurring operating income76A | - | €41,526 | €43,092 | - | - | - |
| Operating charges60/66A | €198,079 | €107,740 | €111,014 | €153,876 | €167,910 | ▲ 9.1% |
| Goods for resale, raw materials and consumables60 | €51,567 | €45 | - | - | - | - |
| Purchases600/8 | €51,567 | €45 | - | - | - | - |
| Services and other goods61 | €93,513 | €54,435 | €54,554 | €73,109 | €88,992 | ▲ 21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,247 | €44,655 | €47,659 | €71,495 | €68,814 | ▼ 3.8% |
| Other operating charges640/8 | €7,753 | €8,606 | €8,801 | €9,271 | €10,104 | ▲ 9.0% |
| Operating profit (loss)9901 | -€16,631 | €58,214 | €89,648 | €79,682 | €68,295 | ▼ 14.3% |
| Financial income75/76B | €109,638 | €79,151 | €69,732 | €52,373 | €41,719 | ▼ 20.3% |
| Recurring financial income75 | €109,638 | €79,151 | €69,732 | €52,373 | €41,719 | ▼ 20.3% |
| Income from financial fixed assets750 | €59,200 | - | - | - | - | - |
| Income from current assets751 | €50,438 | €79,150 | €69,732 | €52,373 | €41,719 | ▼ 20.3% |
| Other financial income752/9 | - | €1 | - | - | - | - |
| Financial charges65/66B | €70,872 | €80,663 | €130,098 | €116,518 | €71,996 | ▼ 38.2% |
| Recurring financial charges65 | €70,872 | €80,663 | €130,098 | €116,518 | €71,996 | ▼ 38.2% |
| Debt charges650 | - | €7,736 | €15,279 | €40,514 | €37,780 | ▼ 6.7% |
| Other financial charges652/9 | €70,872 | €72,927 | €114,819 | €76,004 | €34,215 | ▼ 55.0% |
| Profit (loss) for the period before taxes9903 | €22,134 | €56,702 | €29,281 | €15,537 | €38,019 | ▲ 145% |
| Income taxes67/77 | - | €4,289 | - | - | - | - |
| Taxes670/3 | - | €4,289 | - | - | - | - |
| Profit (loss) for the period9904 | €22,134 | €52,413 | €29,281 | €15,537 | €38,019 | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | €22,134 | €52,413 | €29,281 | €15,537 | €38,019 | ▲ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €5.2m | €5.9m | €5.8m | €3.5m | ▼ 39.8% |
| Fixed assets21/28 | €3.1m | €3.8m | €4.7m | €4.7m | €2.7m | ▼ 41.9% |
| Tangible fixed assets22/27 | €671,382 | €1.4m | €2.1m | €2.2m | €2.1m | ▼ 2.3% |
| Land and buildings22 | €566,038 | €1.3m | €2.0m | €2.1m | €2.0m | ▼ 2.4% |
| Plant, machinery and equipment23 | €5,692 | €4,317 | €2,943 | €1,569 | €337 | ▼ 78.5% |
| Other tangible fixed assets26 | €99,652 | €99,652 | €99,652 | €99,652 | €99,652 | = |
| Financial fixed assets28 | €2.4m | €2.4m | €2.5m | €2.5m | €623,067 | ▼ 75.5% |
| Affiliated companies280/1 | €2.4m | €2.4m | €2.5m | €2.5m | €623,067 | ▼ 75.5% |
| Participating interests280 | €2.4m | €2.4m | €2.5m | €2.5m | €623,067 | ▼ 75.5% |
| Current assets29/58 | €1.4m | €1.4m | €1.2m | €1.1m | €774,155 | ▼ 31.1% |
| Amounts receivable within one year40/41 | €1.4m | €1.4m | €1.2m | €1.1m | €756,501 | ▼ 32.0% |
| Trade receivables40 | €45,215 | €22,674 | €18,882 | €20,128 | €19,988 | ▼ 0.7% |
| Other amounts receivable41 | €1.3m | €1.3m | €1.2m | €1.1m | €736,513 | ▼ 32.6% |
| Cash at bank and in hand54/58 | €27,747 | €21,799 | €7,210 | €4,684 | €16,149 | ▲ 245% |
| Deferred charges and accrued income490/1 | €1,542 | €898 | €8,559 | €6,041 | €1,505 | ▼ 75.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €5.2m | €5.9m | €5.8m | €3.5m | ▼ 39.8% |
| Equity10/15 | €2.3m | €2.3m | €2.3m | €2.4m | €1.2m | ▼ 49.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €2.2m | €2.2m | €2.3m | €2.3m | €1.1m | ▼ 50.8% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €5,033 | ▼ 18.8% |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €5,033 | ▼ 18.8% |
| Distributable reserves133 | €2.2m | €2.2m | €2.3m | €2.3m | €1.1m | ▼ 50.9% |
| Amounts payable17/49 | €2.2m | €2.9m | €3.5m | €3.5m | €2.3m | ▼ 33.3% |
| Amounts payable after more than one year17 | €921,495 | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 9.1% |
| Financial debts170/4 | €221,495 | €624,762 | €1.2m | €1.1m | €1.0m | ▼ 9.1% |
| Credit institutions173 | €221,495 | €624,762 | €1.2m | €1.1m | €1.0m | ▼ 9.1% |
| Other amounts payable178/9 | €700,000 | €700,000 | - | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.5m | €2.2m | €2.3m | €1.3m | ▼ 46.0% |
| Current portion of amounts payable after more than one year42 | €70,497 | €82,165 | €97,436 | €100,172 | €103,001 | ▲ 2.8% |
| Financial debts43 | €58,166 | €135,863 | €933,462 | €944,831 | €887,831 | ▼ 6.0% |
| Other loans439 | €58,166 | €135,863 | €933,462 | €944,831 | €887,831 | ▼ 6.0% |
| Trade debts44 | €22,761 | €17,310 | €5,978 | €21,545 | €3,657 | ▼ 83.0% |
| Suppliers440/4 | €22,761 | €17,310 | €5,978 | €21,545 | €3,657 | ▼ 83.0% |
| Taxes, remuneration and social security45 | €20,301 | €18,250 | €38,390 | €25,392 | €12,874 | ▼ 49.3% |
| Taxes450/3 | €20,301 | €18,250 | €38,390 | €25,392 | €12,874 | ▼ 49.3% |
| Other amounts payable47/48 | €1.1m | €1.3m | €1.2m | €1.3m | €257,148 | ▼ 79.4% |
| Accrued charges and deferred income492/3 | €43,327 | €42,284 | €71,841 | €119 | €24,159 | ▲ 20,201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,134 | €52,413 | €29,281 | €15,537 | €38,019 | ▲ 145% |
| + Depreciation and write-downs630 | €45,247 | €44,655 | €47,659 | €71,495 | €68,814 | ▼ 3.8% |
| Operating cash flow (approximation) | €67,381 | €97,067 | €76,941 | €87,032 | €106,833 | ▲ 22.8% |
| Investment in fixed assets (approximation) | - | -€743,410 | -€913,028 | -€93,110 | €1.9m | ▲ 2,142% |
| Change in cash | - | -€5,948 | -€14,588 | -€2,527 | €11,465 | ▲ 554% |
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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €22,134
Net result €22,134 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€17,451
Net result drops to -€17,451, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
31-12
Financial
Highest result since 2018net €740,140 ▲146%
Net result €740,140, the highest in the series.
31-12
Financial
Equity above €2mEq €2.3m ▲49%
2 profitable years in a row build equity to €2.3m.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
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 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 2002
Ground area
827 m²
Building footprint
205 m²
Volume, LiDAR
1,315 m³
Parcel 34012C0219/00V002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BCVO
since 20022.096.081.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0219/00V002 | Flanders | 827 m² | 1 · 205 m² | 9.8 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 · 1 holdingChain of control
- ADNV-INVEST
- BCVO
Highest known parent: ADNV-INVEST. The sources do not say who stands above it.
Owners 1
- ADNV-INVESTparent100%
Holdings 1
-
100%
According to the 2025 annual accounts of BCVO 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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Company details
Identification
Legal formPublic limited company
Founded29-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477233565
Also
9925:BE0477233565
Registered
04-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.