BERDIVAN
ActiveSummary
BERDIVAN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €-77k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-8
Solvency29▼-16
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.31 in 2024; short-term debt: 10.9% and cash: 1.3% of total assets), and 95.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 22%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2024
6 d early
2023
4 d early
2022
6 d early
2021
4 d early
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€200k▼ 27.8%
2024 · €277k
Total assets
€4.49M▲ 225%
2024 · €1.38M
Net result
€-77k
2024 · €25k
Working capital
€-347k▼ 24.0%
2024 · €-280k
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€48k€-18k€21k€73k▲ 245%€45k▼ 38.8%
Net result€11k€-31k€8k€25k▲ 193%€-77k
Equity€275k▲ 4.1%€244k▼ 11.4%€253k▲ 3.5%€277k▲ 9.8%€200k▼ 27.8%
Total assets€1.73M▼ 3.4%€1.57M▼ 9.3%€1.41M▼ 10.5%€1.38M▼ 1.8%€4.49M▲ 225%
Debt€1.46M▼ 4.7%€1.33M▼ 8.9%€1.15M▼ 13.1%€1.10M▼ 4.4%€4.29M▲ 289%
Working capital€-615k▲ 11.2%€-569k▲ 7.4%€-554k▲ 2.7%€-280k▲ 49.4%€-347k▼ 24.0%
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 falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.49M
Fixed assets
€4.34M ▲ 247%
Current assets
€143k ▲ 11.4%
Equity and liabilities €4.49M
Equity
€200k ▼ 27.8%
Debt
€4.29M ▲ 289%
Debt's share of the balance-sheet total rises from 79.9% to 95.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€338k▲
2024 · €158k
Cash flow
€217k▲
2024 · €110k
Current ratio
0.29▼
2024 · 0.31
Debt to equity
21.41▲
2024 · 3.98
ROE
-38.5%▼
2024 · 9.0%
ROA
-1.7%▼
2024 · 1.8%
Interest coverage
2.78▼
2024 · 3.29
Debt ≤ 1 year
€491k▲
2024 · €409k
Debt > 1 year
€3.75M▲
2024 · €647k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95k | €79k | €85k | €85k | €294k | ▲ 244% |
| Other operating charges640/8 | €21k | €134k | €22k | €23k | €23k | ▼ 0.8% |
| Gross operating margin9900 | €165k | €196k | €128k | €182k | €362k | ▲ 99.0% |
| Operating profit (loss)9901 | €48k | €-18k | €21k | €73k | €45k | ▼ 38.8% |
| Financial income75/76B | €206 | €2k | €206 | €0 | €0 | ▲ 230% |
| Recurring financial income75 | €206 | €2k | €206 | €0 | €0 | ▲ 230% |
| Financial charges65/66B | €38k | €15k | €13k | €48k | €122k | ▲ 153% |
| Recurring financial charges65 | €38k | €15k | €13k | €48k | €122k | ▲ 153% |
| Profit (loss) for the period before taxes9903 | €11k | €-31k | €8k | €25k | €-77k | ▼ 411% |
| Profit (loss) for the period9904 | €11k | €-31k | €8k | €25k | €-77k | ▼ 411% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-31k | €8k | €25k | €-77k | ▼ 411% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.73M | €1.57M | €1.41M | €1.38M | €4.49M | ▲ 225% |
| Fixed assets21/28 | €1.55M | €1.40M | €1.33M | €1.25M | €4.34M | ▲ 247% |
| Tangible fixed assets22/27 | €1.55M | €1.40M | €1.33M | €1.25M | €4.34M | ▲ 247% |
| Land and buildings22 | €1.54M | €1.38M | €1.30M | €1.23M | €4.32M | ▲ 251% |
| Plant, machinery and equipment23 | €3k | €20k | €16k | €14k | €16k | ▲ 17.6% |
| Furniture and vehicles24 | - | - | €8k | €7k | €6k | ▼ 14.0% |
| Current assets29/58 | €187k | €169k | €78k | €129k | €143k | ▲ 11.4% |
| Amounts receivable within one year40/41 | €73k | €72k | €55k | €99k | €75k | ▼ 24.4% |
| Trade receivables40 | €23k | €34k | €18k | €21k | €24k | ▲ 10.7% |
| Other amounts receivable41 | €51k | €37k | €36k | €78k | €51k | ▼ 34.0% |
| Cash at bank and in hand54/58 | €100k | €88k | €14k | €20k | €59k | ▲ 192% |
| Deferred charges and accrued income490/1 | €13k | €9k | €9k | €10k | €10k | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.73M | €1.57M | €1.41M | €1.38M | €4.49M | ▲ 225% |
| Equity10/15 | €275k | €244k | €253k | €277k | €200k | ▼ 27.8% |
| Contributions10/11 | €490k | €490k | €490k | €490k | €490k | = |
| Outside capital11 | €490k | €490k | €490k | €490k | €490k | = |
| Other1109/19 | €490k | €490k | €490k | €490k | €490k | = |
| Reserves13 | €9k | €9k | €9k | €9k | €9k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €882 | €882 | €882 | €882 | €882 | = |
| Profit (loss) carried forward14 | €-224k | €-255k | €-247k | €-222k | €-299k | ▼ 34.8% |
| Amounts payable17/49 | €1.46M | €1.33M | €1.15M | €1.10M | €4.29M | ▲ 289% |
| Amounts payable after more than one year17 | €631k | €577k | €512k | €647k | €3.75M | ▲ 480% |
| Financial debts170/4 | €376k | €312k | €247k | €182k | €3.29M | ▲ 1,710% |
| Other amounts payable178/9 | €255k | €265k | €265k | €465k | €460k | ▼ 1.1% |
| Amounts payable within one year42/48 | €801k | €738k | €631k | €409k | €491k | ▲ 20.0% |
| Current portion of amounts payable after more than one year42 | €63k | €64k | €65k | €65k | €195k | ▲ 198% |
| Financial debts43 | - | - | - | €350 | - | - |
| Credit institutions430/8 | - | - | - | €350 | - | - |
| Trade debts44 | €35k | €76k | €64k | €85k | €55k | ▼ 35.1% |
| Suppliers440/4 | €35k | €76k | €64k | €85k | €55k | ▼ 35.1% |
| Taxes, remuneration and social security45 | €12k | €15k | €9k | €15k | €17k | ▲ 13.2% |
| Taxes450/3 | €12k | €15k | €9k | €15k | €17k | ▲ 13.2% |
| Other amounts payable47/48 | €691k | €583k | €494k | €243k | €224k | ▼ 7.9% |
| Accrued charges and deferred income492/3 | €24k | €13k | €10k | €47k | €42k | ▼ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-31k | €8k | €25k | €-77k | ▼ 411% |
| + Depreciation and write-downs630 | €95k | €79k | €85k | €85k | €294k | ▲ 244% |
| Operating cash flow (approximation) | €106k | €48k | €93k | €110k | €217k | ▲ 96.5% |
| Investment in fixed assets (approximation) | - | €63k | €-11k | €-9k | €-3.39M | ▼ 39,626% |
| Change in cash | - | €-12k | €-74k | €6k | €39k | ▲ 528% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €25k ▲193%
Operating result €73k, net result €25k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Martens-Latem · 1 establishment unit since 2019
Ground area
3,419 m²
Building footprint
198 m²
Volume, LiDAR
1,057 m³
Parcel 44064B0464/00C000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
BERDIVAN
since 20192.288.836.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0464/00C000 | Flanders | 3,419 m² | 1 · 198 m² | 8.8 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,249 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
Founded06-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.