BEVIMA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-06-2026 PDF all 38 filings
Turnover
≈ €130,000
Estimated: probably between €67,000 and €230,000
Total assets
€436,557▲ 35.0%
2024 · €323,424
Net result
-€7,049▲ 75.2%
2024 · -€28,429
Working capital
-€26,521▼ 215%
2024 · -€8,426
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€5,441
2025
20182025
Net result
-€7,049
▲ 75.2%
2025
lowest quarter of the sector
20182025
Equity
-€36,384
▼ 24.0%
2025
lowest quarter of the sector
20182025
Total assets
€436,557
▲ 35.0%
2025
highest quarter of the sector
20182025
Debt
€472,941
▲ 34.1%
2025
20182025
Working capital
-€26,521
▼ 215%
2025
lowest quarter of the sector
20182025
Solvency
-8.3%
▲ 0.7pp
2025
lowest quarter of the sector
20182025
Current ratio
0.94
▼ 0.03
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-1.6%
▲ 7.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.008m--€0.002m▲ 73.0%€0.01m-€0.02m-€0.02m▼ 28.2%-€0.02m▲ 14.1%-€0.02m▼ 19.4%€0.005m
Net result-€0.007m--€0.001m▲ 86.5%€0.02mwithin the sector's middle half-€0.01mbelow the sector's middle half-€0.02mbelow the sector's middle half▼ 60.6%-€0.02mbelow the sector's middle half▼ 31.4%-€0.03mbelow the sector's middle half▼ 26.4%-€0.007mbelow the sector's middle half▲ 75.2%
Equity€0.04m-€0.03m▼ 2.7%€0.05mbelow the sector's middle half▲ 44.5%€0.04mbelow the sector's middle half▼ 21.6%€0.02mbelow the sector's middle half▼ 44.2%-€0.001mbelow the sector's middle half-€0.03mbelow the sector's middle half▼ 3,138%-€0.04mbelow the sector's middle half▼ 24.0%
Total assets€0.2m-€0.5m▲ 114%€1.2mwithin the sector's middle half▲ 117%€0.6mwithin the sector's middle half▼ 45.7%€0.6mwithin the sector's middle half▲ 2.2%€0.1mbelow the sector's middle half▼ 81.4%€0.3mbelow the sector's middle half▲ 171%€0.4mabove the sector's middle half▲ 35.0%
Debt€0.2m-€0.5m▲ 134%€1.1m▲ 122%€0.6m▼ 46.8%€0.6m▲ 5.2%€0.1m▼ 80.7%€0.4m▲ 193%€0.5m▲ 34.1%
Working capital€0.03m-€0.03m▼ 2.5%€0.6mabove the sector's middle half▲ 19×€0.04mwithin the sector's middle half▼ 93.9%€0.02mbelow the sector's middle half▼ 45.7%-€171below the sector's middle half-€0.008mbelow the sector's middle half▼ 4,833%-€0.03mbelow the sector's middle half▼ 215%
Solvency14.1%-6.4%▼ 7.7pp4.3%below the sector's middle half▼ 2.1pp6.2%below the sector's middle half▲ 1.9pp3.4%below the sector's middle half▼ 2.8pp-0.8%below the sector's middle half▼ 4.1pp-9.1%below the sector's middle half▼ 8.3pp-8.3%below the sector's middle half▲ 0.7pp
Current ratio1.16-1.07▼ 0.092.17within the sector's middle half▲ 1.101.06below the sector's middle half▼ 1.111.03below the sector's middle half▼ 0.031.00below the sector's middle half▼ 0.030.97below the sector's middle half▼ 0.020.94below the sector's middle half▼ 0.03
Return on assets (ROA)-2.8%--0.2%▲ 2.6pp1.3%within the sector's middle half▲ 1.5pp-1.7%below the sector's middle half▼ 3.0pp-2.7%below the sector's middle half▼ 1.0pp-18.9%below the sector's middle half▼ 16.2pp-8.8%below the sector's middle half▲ 10.1pp-1.6%below the sector's middle half▲ 7.2pp
Staff (FTE)0.1-0below the sector's middle half0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €5,441, after a loss of €21,307 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €436,557
Fixed assets
€1,885 ▲ 88.5%
Current assets
€434,672 ▲ 34.8%
Equity and liabilities
Equity-€36,384
Debt€472,941
Equity is negative. Debt (€472,941) exceeds the balance-sheet total (€436,557).
Key figures and ratios
EBITDA
€5,460
Cash flow
-€7,029
Quick ratio
0.25▼
2024 · 0.30
Interest coverage
0.44
Debt ≤ 1 year
€461,193▲
2024 · €330,849
Debt > 1 year
€0▼
2024 · €15,233
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | €19 | - |
| Other operating charges640/8 | - | - | - | €578 | €1,009 | €622 | €613 | €5,156 | ▲ 741% |
| Gross operating margin9900 | -€3,800 | -€1,461 | €14,344 | -€15,626 | -€19,759 | -€17,216 | -€20,694 | €10,617 | - |
| Operating profit (loss)9901 | -€7,939 | -€2,145 | €13,655 | -€16,203 | -€20,768 | -€17,838 | -€21,307 | €5,441 | - |
| Financial income75/76B | - | - | - | €9,323 | €9,602 | €654 | €0 | - | - |
| Recurring financial income75 | €5,068 | €6,228 | €8,373 | €9,323 | €9,602 | €654 | €0 | - | - |
| Financial charges65/66B | - | - | - | €3,779 | €5,956 | €5,315 | €7,122 | €12,490 | ▲ 75.4% |
| Recurring financial charges65 | €4,044 | €5,014 | €4,051 | €3,779 | €5,956 | €5,315 | €7,122 | €12,490 | ▲ 75.4% |
| Profit (loss) for the period before taxes9903 | -€6,915 | -€931 | €17,977 | -€10,660 | -€17,123 | -€22,499 | -€28,429 | -€7,049 | ▲ 75.2% |
| Income taxes67/77 | €0 | - | €2,762 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€6,915 | -€931 | €15,215 | -€10,660 | -€17,123 | -€22,499 | -€28,429 | -€7,049 | ▲ 75.2% |
| Profit (loss) for the period to be appropriated9905 | -€6,915 | -€931 | €15,215 | -€10,660 | -€17,123 | -€22,499 | -€28,429 | -€7,049 | ▲ 75.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.5m | €1.2m | €0.6m | €0.6m | €0.1m | €0.3m | €0.4m | ▲ 35.0% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 88.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | €0.001m | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €0.001m | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 50.0% |
| Current assets29/58 | €0.2m | €0.5m | €1.2m | €0.6m | €0.6m | €0.1m | €0.3m | €0.4m | ▲ 34.8% |
| Stocks and contracts in progress3 | €0.002m | €0.2m | €0.1m | €0.2m | €0.2m | €0.002m | €0.2m | €0.3m | ▲ 43.7% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.002m | €0.2m | €0.3m | ▲ 43.7% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.9m | €0.4m | €0.4m | €0.09m | €0.09m | €0.07m | ▼ 21.4% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €0.09m | €0.09m | €0.07m | ▼ 21.4% |
| Current investments50/53 | €0 | - | €81 | €0.02m | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.05m | €0.1m | €0.08m | €0.07m | €0.02m | €0.03m | €0.01m | €0.05m | ▲ 233% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.01m | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.5m | €1.2m | €0.6m | €0.6m | €0.1m | €0.3m | €0.4m | ▲ 35.0% |
| Equity10/15 | €0.04m | €0.03m | €0.05m | €0.04m | €0.02m | -€0.001m | -€0.03m | -€0.04m | ▼ 24.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.03m | -€0.01m | -€0.02m | -€0.04m | -€0.06m | -€0.09m | -€0.1m | ▼ 7.6% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.2m | €0.5m | €1.1m | €0.6m | €0.6m | €0.1m | €0.4m | €0.5m | ▲ 34.1% |
| Amounts payable after more than one year17 | €0 | - | €0.6m | €0 | - | - | €0.02m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0 | - | - | €0.02m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.2m | €0.5m | €0.5m | €0.6m | €0.6m | €0.1m | €0.3m | €0.5m | ▲ 39.4% |
| Financial debts43 | - | - | - | €0.5m | €0.5m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0.5m | €0.5m | €0 | - | - | - |
| Trade debts44 | €0.01m | €64 | €0.03m | €373 | €401 | €0.003m | €0.001m | €0.007m | ▲ 407% |
| Suppliers440/4 | - | - | - | €373 | €401 | €0.003m | €0.001m | €0.007m | ▲ 407% |
| Advances received on contracts in progress46 | - | - | - | €0.08m | €0.1m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | - | €206 | - |
| Taxes450/3 | - | - | - | €0 | - | - | - | €206 | - |
| Other amounts payable47/48 | - | - | - | €0.009m | €0.001m | €0.1m | €0.3m | €0.5m | ▲ 37.7% |
| Accrued charges and deferred income492/3 | - | - | - | €200 | €0 | €0.002m | €0.007m | €0.01m | ▲ 76.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,915 | -€931 | €15,215 | -€10,660 | -€17,123 | -€22,499 | -€28,429 | -€7,049 | ▲ 75.2% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | €19 | - |
| Operating cash flow (approximation) | -€6,915 | -€931 | €15,215 | -€10,660 | -€17,123 | -€22,499 | -€28,429 | -€7,029 | ▲ 75.3% |
| Investment in fixed assets (approximation) | - | €0 | -€500 | €0 | €0 | €8 | €0 | -€904 | - |
| Change in cash | - | €51,377 | -€19,826 | -€17,062 | -€49,756 | €13,598 | -€16,093 | €33,623 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,796 companies had the same profile as BEVIMA has now. Two years later, 90.4% were still going and 2.1% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a small loss
90.4%
was still going
6.0%
stopped otherwise
2.1%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BEVIMA itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,796 companies, not a prediction for BEVIMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-06-2026 | 2026-00139528 | |
| 31-12-2024 | abbreviated format | 12-06-2025 | 2025-00133291 | |
| 31-12-2023 | abbreviated format | 15-05-2024 | 2024-00087765 | |
| 31-12-2022 | abbreviated format | 26-05-2023 | 2023-00097313 | |
| 31-12-2021 | abbreviated format | 16-05-2022 | 2022-20027069 | |
| 31-12-2020 | abbreviated format | 04-06-2021 | 2021-17300396 | |
| 31-12-2019 | abbreviated format | 05-06-2020 | 2020-14900288 | |
| 31-12-2018 | micro format | 11-06-2019 | 2019-18600407 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-17800127 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-49300106 |