BIEVAN
ActiveSummary
BIEVAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,728 and a net result of €1,969. Equity is shrinking by ~3.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+6
Solvency57▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 52.2% and cash: 0.4% of total assets), and 67.9% 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+raises risk○neutral
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
32.1%
Return on assets
0.4%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
43 d early
2023
43 d early
2022
49 d early
2021
40 d early
2020
35 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 46 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 18 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€164,728▲ 1.2%
2024 · €162,759
Total assets
€513,896▼ 3.0%
2024 · €529,926
Net result
€1,969
2024 · -€350
Working capital
-€266,267▲ 2.1%
2024 · -€272,093
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,231▼ 80.8%€2,288-€9,732€3,834€5,603▲ 46.1%
Net result-€12,288▼ 99.7%€2,096-€11,169-€350▲ 96.9%€1,969
Equity€172,182▼ 6.7%€174,278▲ 1.2%€163,109▼ 6.4%€162,759▼ 0.2%€164,728▲ 1.2%
Total assets€433,192▼ 6.8%€425,522▼ 1.8%€546,099▲ 28.3%€529,926▼ 3.0%€513,896▼ 3.0%
Debt€246,929▼ 6.0%€238,155▼ 3.6%€370,892▲ 55.7%€355,698▼ 4.1%€338,329▼ 4.9%
Working capital-€196,385▲ 0.2%-€200,947▼ 2.3%-€275,981▼ 37.3%-€272,093▲ 1.4%-€266,267▲ 2.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €513,896
Fixed assets
€511,830 ▼ 3.1%
Current assets
€2,066 ▲ 27.2%
Equity and liabilities €513,896
Equity
€164,728 ▲ 1.2%
Provisions
€10,839 ▼ 5.5%
Debt
€338,329 ▼ 4.9%
Debt's share of the balance-sheet total falls from 67.1% to 65.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,075▲
2024 · €21,277
Cash flow
€18,441▲
2024 · €17,093
Current ratio
0.01▲
2024 · 0.01
Debt to equity
2.05▼
2024 · 2.19
ROE
1.2%▲
2024 · -0.2%
ROA
0.4%▲
2024 · -0.1%
Interest coverage
5.18▲
2024 · 4.42
Debt ≤ 1 year
€268,333▼
2024 · €273,717
Debt > 1 year
€69,236▼
2024 · €81,221
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 0.5% 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 497,340 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,850 | €19,815 | €27,881 | €17,443 | €16,472 | ▼ 5.6% |
| Other operating charges640/8 | €5,237 | €3,670 | €4,014 | €4,183 | €4,313 | ▲ 3.1% |
| Gross operating margin9900 | €22,856 | €25,773 | €22,163 | €25,460 | €26,388 | ▲ 3.6% |
| Operating profit (loss)9901 | -€14,231 | €2,288 | -€9,732 | €3,834 | €5,603 | ▲ 46.1% |
| Financial charges65/66B | €1,413 | €1,183 | €2,428 | €4,813 | €4,263 | ▼ 11.4% |
| Recurring financial charges65 | €1,413 | €1,183 | €2,428 | €4,813 | €4,263 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | -€15,644 | €1,105 | -€12,160 | -€979 | €1,340 | ▲ 237% |
| Transfer from deferred taxes780 | €3,356 | €991 | €991 | €629 | €629 | = |
| Profit (loss) for the period9904 | -€12,288 | €2,096 | -€11,169 | -€350 | €1,969 | ▲ 663% |
| Transfer from tax-exempt reserves789 | €6,517 | €1,926 | €1,925 | €1,222 | €1,222 | = |
| Profit (loss) for the period to be appropriated9905 | -€5,771 | €4,022 | -€9,244 | €872 | €3,191 | ▲ 266% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €433,192 | €425,522 | €546,099 | €529,926 | €513,896 | ▼ 3.0% |
| Fixed assets21/28 | €430,971 | €423,666 | €544,596 | €528,302 | €511,830 | ▼ 3.1% |
| Tangible fixed assets22/27 | €430,721 | €423,416 | €544,346 | €528,052 | €511,580 | ▼ 3.1% |
| Land and buildings22 | €430,721 | €423,416 | €544,346 | €528,052 | €511,580 | ▼ 3.1% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €2,221 | €1,856 | €1,503 | €1,624 | €2,066 | ▲ 27.2% |
| Cash at bank and in hand54/58 | €2,221 | €1,856 | €1,503 | €1,624 | €2,066 | ▲ 27.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €433,192 | €425,522 | €546,099 | €529,926 | €513,896 | ▼ 3.0% |
| Equity10/15 | €172,182 | €174,278 | €163,109 | €162,759 | €164,728 | ▲ 1.2% |
| Contributions10/11 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Capital10 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Issued capital100 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Reserves13 | €27,346 | €25,420 | €23,495 | €22,273 | €21,051 | ▼ 5.5% |
| Tax-exempt reserves132 | €27,346 | €25,420 | €23,495 | €22,273 | €21,051 | ▼ 5.5% |
| Profit (loss) carried forward14 | -€103,058 | -€99,036 | -€108,280 | -€107,408 | -€104,217 | ▲ 3.0% |
| Provisions and deferred taxes16 | €14,081 | €13,089 | €12,098 | €11,469 | €10,839 | ▼ 5.5% |
| Deferred taxes168 | €14,081 | €13,089 | €12,098 | €11,469 | €10,839 | ▼ 5.5% |
| Amounts payable17/49 | €246,929 | €238,155 | €370,892 | €355,698 | €338,329 | ▼ 4.9% |
| Amounts payable after more than one year17 | €47,563 | €34,592 | €92,648 | €81,221 | €69,236 | ▼ 14.8% |
| Financial debts170/4 | €47,563 | €34,592 | €92,648 | €81,221 | €69,236 | ▼ 14.8% |
| Other amounts payable178/9 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €198,606 | €202,803 | €277,484 | €273,717 | €268,333 | ▼ 2.0% |
| Current portion of amounts payable after more than one year42 | €15,832 | €12,971 | €13,504 | €11,426 | €11,984 | ▲ 4.9% |
| Other amounts payable47/48 | €182,774 | €189,832 | €263,980 | €262,291 | €256,349 | ▼ 2.3% |
| Accrued charges and deferred income492/3 | €760 | €760 | €760 | €760 | €760 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,288 | €2,096 | -€11,169 | -€350 | €1,969 | ▲ 663% |
| + Depreciation and write-downs630 | €31,850 | €19,815 | €27,881 | €17,443 | €16,472 | ▼ 5.6% |
| Operating cash flow (approximation) | €19,562 | €21,911 | €16,712 | €17,093 | €18,441 | ▲ 7.9% |
| Investment in fixed assets (approximation) | - | -€12,510 | -€148,811 | -€1,149 | €0 | ▲ 100% |
| Change in cash | - | -€365 | -€353 | €121 | €442 | ▲ 265% |
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
18-06
State Gazette act
Reappointments: Biebau Paul, Larno Godelieva and 2 others9 facts ▸
State Gazette act
Reappointments: Biebau Paul, Larno Godelieva and 2 others
9 facts ▸
- General meeting, 02-06-2026
- Director reappointment, Biebau Paul (director)
- Director reappointment, Larno Godelieva (director)
- Director reappointment, Biebau Katrien (director)
- Director reappointment, Himpe Stefaan (director)
- Board meeting, 02-06-2026
- Director reappointment, Biebau Paul (chair of the board)
- Director reappointment, Biebau Paul (managing director)
- Director reappointment, Larno Godelieva (managing director)
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €1,969
Net result €1,969 after 2 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,096
Net result €2,096 after 4 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26077908). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
Biebau Paul
CurrentChair of the board · since 02-06-2026 · Director · since 02-06-2026
Biebau Katrien
CurrentDirector · since 02-06-2026
Himpe Stefaan
CurrentDirector · since 02-06-2026
Larno Godelieva
CurrentDirector · since 02-06-2026
Day-to-day management 2
Biebau Paul
CurrentManaging director · since 02-06-2026
Larno Godelieva
CurrentManaging director · since 02-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1993
Ground area
1,858 m²
Building footprint
204 m²
Volume, LiDAR
1,159 m³
Parcel 34453D0059/00D002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BIEVAN NV
since 19932.062.390.046
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453D0059/00D002 | Flanders | 1,858 m² | 1 · 204 m² | 9.0 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.
Mandate history
4 people since 2026, 4 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Biebau Katrien |
|
| Biebau Paul |
|
| Himpe Stefaan |
|
| Larno Godelieva |
|
Structure & network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded26-08-1992
Fiscal year end31-12
Contact
E-mail
bievan@belgacom.net
Phone
056 603742
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448067645
Also
9925:BE0448067645
Registered
21-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.