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BIEVAN

Active
Public limited companyfounded 1992active for 34 yearsTapuitstraat 48, 8790 Waregem, BelgiumKBO/BCE: BE 0448.067.645
Summary

BIEVAN has been active since 1992 and the Belgian Official 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 about 3.1% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

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

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

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.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€5,603 2025 Net result€1,969 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€22,694--€10,354▲ 54.4%-€7,871▲ 24.0%-€14,231▼ 80.8%€2,288-€9,732€3,834€5,603▲ 46.1%
Net result-€21,434--€9,008▲ 58.0%-€6,152▲ 31.7%-€12,288▼ 99.7%€2,096-€11,169-€350▲ 96.9%€1,969
Equity€199,630-€190,622▼ 4.5%€184,470▼ 3.2%€172,182▼ 6.7%€174,278▲ 1.2%€163,109▼ 6.4%€162,759▼ 0.2%€164,728▲ 1.2%
Total assets€530,011-€496,940▼ 6.2%€464,634▼ 6.5%€433,192▼ 6.8%€425,522▼ 1.8%€546,099▲ 28.3%€529,926▼ 3.0%€513,896▼ 3.0%
Debt€306,233-€285,526▼ 6.8%€262,727▼ 8.0%€246,929▼ 6.0%€238,155▼ 3.6%€370,892▲ 55.7%€355,698▼ 4.1%€338,329▼ 4.9%
Working capital-€201,301--€200,406▲ 0.4%-€196,760▲ 1.8%-€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 format does not require them.
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
2025 value · change against 2024
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 observation

Of the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% 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
96.2% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 14,766 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€529,926€513,896▼
Fixed assets21/28€528,302€511,830▼
Tangible fixed assets22/27€528,052€511,580▼
Land and buildings22€528,052€511,580▼
Financial fixed assets28€250€250=
Current assets29/58€1,624€2,066▲
Cash at bank and in hand54/58€1,624€2,066▲
Equity and liabilities
Total equity and liabilities10/49€529,926€513,896▼
Equity10/15€162,759€164,728▲
Contributions10/11€247,894€247,894=
Capital10€247,894€247,894=
Issued capital100€247,894€247,894=
Reserves13€22,273€21,051▼
Tax-exempt reserves132€22,273€21,051▼
Profit (loss) carried forward14-€107,408-€104,217▲
Provisions and deferred taxes16€11,469€10,839▼
Deferred taxes168€11,469€10,839▼
Amounts payable17/49€355,698€338,329▼
Amounts payable after more than one year17€81,221€69,236▼
Financial debts170/4€81,221€69,236▼
Amounts payable within one year42/48€273,717€268,333▼
Current portion of amounts payable after more than one year42€11,426€11,984▲
Other amounts payable47/48€262,291€256,349▼
Accrued charges and deferred income492/3€760€760=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,443€16,472▼
Other operating charges640/8€4,183€4,313▲
Gross operating margin9900€25,460€26,388▲
Operating profit (loss)9901€3,834€5,603▲
Financial charges65/66B€4,813€4,263▼
Recurring financial charges65€4,813€4,263▼
Profit (loss) for the period before taxes9903-€979€1,340▲
Transfer from deferred taxes780€629€629=
Profit (loss) for the period9904-€350€1,969▲
Transfer from tax-exempt reserves789€1,222€1,222=
Profit (loss) for the period to be appropriated9905€872€3,191▲
Appropriation of the result
Profit (loss) to be appropriated9906-€107,408-€104,217▲
Profit (loss) brought forward from the previous period14P-€108,280-€107,408▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44,040€31,850€31,850€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€24,635€24,854€27,554€22,856€25,773€22,163€25,460€26,388▲ 3.6%
Operating profit (loss)9901-€22,694-€10,354-€7,871-€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€2,899€2,010€1,637€1,413€1,183€2,428€4,813€4,263▼ 11.4%
Profit (loss) for the period before taxes9903-€25,593-€12,364-€9,508-€15,644€1,105-€12,160-€979€1,340-
Transfer from deferred taxes780---€3,356€991€991€629€629=
Profit (loss) for the period9904-€21,434-€9,008-€6,152-€12,288€2,096-€11,169-€350€1,969-
Transfer from tax-exempt reserves789---€6,517€1,926€1,925€1,222€1,222=
Profit (loss) for the period to be appropriated9905-€13,357-€2,491€365-€5,771€4,022-€9,244€872€3,191▲ 266%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€530,011€496,940€464,634€433,192€425,522€546,099€529,926€513,896▼ 3.0%
Fixed assets21/28€526,521€494,671€462,821€430,971€423,666€544,596€528,302€511,830▼ 3.1%
Tangible fixed assets22/27€526,271€494,421€462,571€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€250€250€250=
Current assets29/58€3,490€2,269€1,813€2,221€1,856€1,503€1,624€2,066▲ 27.2%
Cash at bank and in hand54/58€3,490€2,269€1,813€2,221€1,856€1,503€1,624€2,066▲ 27.2%
Equity and liabilities
Total equity and liabilities10/49€530,011€496,940€464,634€433,192€425,522€546,099€529,926€513,896▼ 3.0%
Equity10/15€199,630€190,622€184,470€172,182€174,278€163,109€162,759€164,728▲ 1.2%
Contributions10/11€247,894€247,894€247,894€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€46,897€40,380€33,863€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-€95,161-€97,652-€97,287-€103,058-€99,036-€108,280-€107,408-€104,217▲ 3.0%
Provisions and deferred taxes16€24,148€20,792€17,437€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€306,233€285,526€262,727€246,929€238,155€370,892€355,698€338,329▼ 4.9%
Amounts payable after more than one year17€100,682€82,091€63,394€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€204,791€202,675€198,573€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=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€21,434-€9,008-€6,152-€12,288€2,096-€11,169-€350€1,969-
+ Depreciation and write-downs630€44,040€31,850€31,850€31,850€19,815€27,881€17,443€16,472▼ 5.6%
Operating cash flow (approximation)€22,606€22,842€25,698€19,562€21,911€16,712€17,093€18,441▲ 7.9%
Investment in fixed assets (approximation)-€0€0€0-€12,510-€148,811-€1,149€0-
Change in cash--€1,221-€456€408-€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.

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Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 04-06-2026 2026-00137308
31-12-2024 micro format 18-06-2025 2025-00149431
31-12-2023 micro format 18-06-2024 2024-00136524
31-12-2022 micro format 12-06-2023 2023-00119091
31-12-2021 micro format 21-06-2022 2022-20076678
31-12-2020 micro format 26-06-2021 2021-24900150
31-12-2019 micro format 08-06-2020 2020-15000161
31-12-2018 micro format 28-06-2019 2019-24000547
31-12-2017 micro format 25-06-2018 2018-21600050
31-12-2016 abbreviated format 08-07-2017 2017-28600402

Show all 33 filings

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