BDV Connect
ActiveSummary
The computed 12-month bankruptcy probability of BDV Connect is 2.1% (moderate). The 2024 annual accounts show equity of €128,421 and a net result of -€35,629. Equity is growing by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 1329 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 5.04 against 5.3 in 2023; short-term debt: 19.6% and cash: 69.1% of total assets), and 19.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
80.4%
Return on assets
-22.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
71 d early
2022
28 d early
2021
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€128,421▼ 21.7%
2023 · €164,050
Total assets
€159,719▼ 20.7%
2023 · €201,441
Net result
-€35,629
2023 · €96,592
Working capital
€126,392▼ 21.4%
2023 · €160,863
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line2021202220232024
Operating result€35,421-€46,874▲ 32.3%€122,586▲ 162%-€35,691
Net result€28,121within the sector's middle half-€37,338above the sector's middle half▲ 32.8%€96,592above the sector's middle half▲ 159%-€35,629below the sector's middle half
Equity€30,121within the sector's middle half-€67,459within the sector's middle half▲ 124%€164,050above the sector's middle half▲ 143%€128,421above the sector's middle half▼ 21.7%
Total assets€72,855within the sector's middle half-€101,344within the sector's middle half▲ 39.1%€201,441within the sector's middle half▲ 98.8%€159,719within the sector's middle half▼ 20.7%
Debt€42,734-€33,885▼ 20.7%€37,390▲ 10.3%€31,298▼ 16.3%
Working capital€27,749-€63,114▲ 127%€160,863▲ 155%€126,392▼ 21.4%
Solvency41.3%within the sector's middle half-66.6%above the sector's middle half▲ 25.2pp81.4%above the sector's middle half▲ 14.9pp80.4%above the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
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 €35,691 after €122,586 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €159,381
Fixed assets
€1,691 ▼ 34.3%
Current assets
€157,690 ▼ 20.5%
Equity and liabilities €159,719
Equity
€128,421 ▼ 21.7%
Debt
€31,298 ▼ 16.3%
Debt's share of the balance-sheet total rises from 18.6% to 19.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€34,534▼
2023 · €123,744
Cash flow
-€34,471▼
2023 · €97,750
Current ratio
5.04▼
2023 · 5.30
Debt to equity
0.24▲
2023 · 0.23
ROE
-27.7%▼
2023 · 58.9%
ROA
-22.3%▼
2023 · 48.0%
Interest coverage
-252.27▼
2023 · 402.94
Debt ≤ 1 year
€31,298▼
2023 · €37,390
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €249 | €1,019 | €1,158 | €1,158 | = |
| Other operating charges640/8 | €146 | €287 | €199 | €553 | ▲ 178% |
| Gross operating margin9900 | €35,815 | €48,181 | €123,943 | -€33,981 | ▼ 127% |
| Operating profit (loss)9901 | €35,421 | €46,874 | €122,586 | -€35,691 | ▼ 129% |
| Financial income75/76B | €4 | €32 | €4 | €199 | ▲ 4,677% |
| Recurring financial income75 | €4 | €32 | €4 | €199 | ▲ 4,677% |
| Financial charges65/66B | €53 | €96 | €307 | €137 | ▼ 55.4% |
| Recurring financial charges65 | €53 | €96 | €307 | €137 | ▼ 55.4% |
| Profit (loss) for the period before taxes9903 | €35,372 | €46,810 | €122,283 | -€35,629 | ▼ 129% |
| Income taxes67/77 | €7,251 | €9,472 | €25,692 | - | - |
| Profit (loss) for the period9904 | €28,121 | €37,338 | €96,592 | -€35,629 | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €28,121 | €37,338 | €96,592 | -€35,629 | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €72,855 | €101,344 | €201,441 | €159,719 | ▼ 20.7% |
| Formation expenses20 | €1,165 | €889 | €614 | €338 | ▼ 44.9% |
| Fixed assets21/28 | €1,207 | €3,456 | €2,573 | €1,691 | ▼ 34.3% |
| Tangible fixed assets22/27 | €1,207 | €3,456 | €2,573 | €1,691 | ▼ 34.3% |
| Plant, machinery and equipment23 | €1,207 | €2,062 | €1,835 | €1,608 | ▼ 12.4% |
| Furniture and vehicles24 | - | €1,394 | €738 | €83 | ▼ 88.8% |
| Current assets29/58 | €70,484 | €96,999 | €198,254 | €157,690 | ▼ 20.5% |
| Amounts receivable within one year40/41 | €38,025 | €30,350 | €47,397 | €25,005 | ▼ 47.2% |
| Trade receivables40 | €33,572 | €27,518 | €43,780 | €12,255 | ▼ 72.0% |
| Other amounts receivable41 | €4,453 | €2,832 | €3,617 | €12,750 | ▲ 252% |
| Current investments50/53 | - | - | €15,499 | €21,498 | ▲ 38.7% |
| Cash at bank and in hand54/58 | €29,532 | €64,674 | €133,864 | €110,383 | ▼ 17.5% |
| Deferred charges and accrued income490/1 | €2,927 | €1,974 | €1,493 | €804 | ▼ 46.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €72,855 | €101,344 | €201,441 | €159,719 | ▼ 20.7% |
| Equity10/15 | €30,121 | €67,459 | €164,050 | €128,421 | ▼ 21.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €28,121 | €65,459 | €162,050 | €126,421 | ▼ 22.0% |
| Distributable reserves133 | €28,121 | €65,459 | €162,050 | €126,421 | ▼ 22.0% |
| Amounts payable17/49 | €42,734 | €33,885 | €37,390 | €31,298 | ▼ 16.3% |
| Amounts payable within one year42/48 | €42,734 | €33,885 | €37,390 | €31,298 | ▼ 16.3% |
| Financial debts43 | - | €2,885 | €4,214 | - | - |
| Other loans439 | - | €2,885 | €4,214 | - | - |
| Trade debts44 | €9,271 | €11,913 | €5,223 | €443 | ▼ 91.5% |
| Suppliers440/4 | €9,271 | €11,913 | €5,223 | €443 | ▼ 91.5% |
| Advances received on contracts in progress46 | €14,262 | - | - | - | - |
| Taxes, remuneration and social security45 | €11,991 | €12,723 | €18,608 | €17,722 | ▼ 4.8% |
| Taxes450/3 | €9,641 | €12,723 | €18,608 | €17,722 | ▼ 4.8% |
| Remuneration and social security454/9 | €2,350 | - | - | - | - |
| Other amounts payable47/48 | €7,210 | €6,364 | €9,345 | €13,133 | ▲ 40.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,121 | €37,338 | €96,592 | -€35,629 | ▼ 137% |
| + Depreciation and write-downs630 | €249 | €1,019 | €1,158 | €1,158 | = |
| Operating cash flow (approximation) | €28,370 | €38,357 | €97,750 | -€34,471 | ▼ 135% |
| Investment in fixed assets (approximation) | - | -€3,268 | -€275 | -€275 | = |
| Change in cash | - | €35,142 | €69,190 | -€23,481 | ▼ 134% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€35,629
Net result drops to -€35,629, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €96,592 ▲159%
Operating result €122,586, net result €96,592, both a record.
31-12
Financial
Equity above €150,000Eq €164,050 ▲143%
3 profitable years in a row build equity to €164,050.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lokeren · 1 establishment unit since 2021
Ground area
416 m²
Building footprint
95 m²
Parcel 46384C0133/00K000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BDV Connect
since 20212.316.090.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384C0133/00K000 | Flanders | 416 m² | 1 · 95 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
2549002HYK4GCWVJC792
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Of 1,824 companies in sector 42220 we hold annual accounts for 958. 703 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
Founded18-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765356427
Also
9925:BE0765356427
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.