Equity
€113,195 from €335,628 in 2011
Equity fell by 66% in 14 years.
Bivan
Lifetime
17 annual accounts with figures on one time axis, 48 filings since 1977peak €50,970 (2008)
-€22,129▼ €12,533
lowest -€145,009 (2015)
-€23,919▼ €12,597
peak €335,628 (2011)
€113,195▼ 17.4%
€1,231▼ 61.9%
Board2 names since 2015
1 directorChristine DE WITTE
Documentsfilings and deeds
13-05-202679 days before the deadline
2025micro format
Gross margin from -€9,596 to -€22,129Loss of €23,919Change of role: Christine DE WITTE, from statutory director t… 02-06Equity from €137,114 to €113,195Debts from €3,229 to €1,231
Key points
from the 2025 annual accountsLosses
-€71,576 in four years
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
Liquidity
91.50 was 42.91 in 2024
Short-term debts fell from €3,229 to €1,231.
Filings
48 annual accounts since 1977
Five of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
At the same address
8 companies
Position in the sector
-€23,919
Lower net result than 86% of companies in clothing. Sector median €1,057 · 200 companies.
Turnover not published (micro format)
Checked score
92
Excellent
Financially stronger than 57% of micro companies in clothing (NACE 14)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 317 companies (NACE 14, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 1.2%▲ +0.6 percentage points vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 0.5%▼ -0.7 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 1.4%▲ +0.8 percentage points vs 06-2025
08-2025: 2.4%▲ +1.0 percentage point vs 07-2025highest value
09-2025: 0.1%▼ -2.3 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €23,919, the second in a row (financial year 2025)
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 91.50, cash €89,730
Equity €113,195 (98.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 14, micro). It does better than 91% of them on solvency, 98% on liquidity, 11% on profitability and 27% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as Bivan has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Bivan itself is lower: 0.1% within 12 months. It rests on far more data about Bivan than the profile alone.
Test of the method
The method was tested on the 497,447 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 5,831 companies, not a prediction for Bivan. 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.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 91.5 (42.91 in 2024), above the usual 1.5. Short-term debt is 1.1% and cash 78.4% of total assets. 1.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021222425
2018 to 2025 · latest year -€23,919
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 days early
2024
30 days late
2022
66 days early
2021
1 day early
2020
31 days late
2019
2 days early
2018
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 14), the median for financial year 2024 was 6 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 65 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0406589158
Change of role: Christine DE WITTE, from statutory director to gérant statutaire suppléant puis administrateur statutaire
Resignation: Jean-Pierre BIESEMANS (statutory manager) · Gazette deed
Registered office moved within Lasne
New registered office: Chaussée de Louvain 490, 1380 LASNE · Previous registered office: Chaussée de Louvain 431 H, 1380 LASNE · General meeting of 20-09-2022 · Gazette deed
First establishment
Chaussée de Louvain 431H, Lasne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bivan Braine-l'Alleud | - | - | 98.9% | - |
| Konfektiebedrijf R. Robbens Oudenaarde | €59,424 | - | 41.3% | - |
| RIVOLI Lasne | €31,117 | -38.4% | 92.3% | - |
| QUINTART DESIGNER Charleroi | - | - | 46.7% | - |
| DAMIENS Pittem | - | - | 89.8% | - |
| COMPAGNIE LAURENT Hasselt | - | - | 34.8% | - |
| W. FASHION 2000 Brussels | - | - | 100.0% | 0 |
These companies have the same main activity as Bivan: manufacture of outerwear (NACE 14210). They are comparable in size and age: total assets between €60,000 and €198,000, founded between 1968 and 2000.
Official details
Source: KBO- Status
- Active since 01-01-1969Normal situation
- Activity
- Manufacture of outerwearNACE 14210and 2 others
- Establishment unit
- 2.014.154.8171380 Lasne, since 24-04-1969
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Annual accounts 2025
- €114,426▼ 18.5%
- Filing
- Filed on 13-05-2026, 79 days before the end of the filing period
Insights on Bivan
Bivan files the micro format. That format states no turnover. The gross margin fell from €50,970 in 2008 to -€22,129 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bivan
- What is the company number of Bivan?
- The company number of Bivan is 0406.589.158. The VAT number is the same number with BE in front: BE 0406.589.158.
- Where is Bivan based?
- The registered office is at Rue Pierre Flamand 224, 1420 Braine-l'Alleud.Company details
- What does Bivan do?
- According to the KBO register, the main activity is manufacture of outerwear (NACE 14210).
- What is the legal form of Bivan?
- Bivan is a private limited company (BV).
- When was Bivan founded?
- Bivan was founded on 01-01-1969.
- Is Bivan still active?
- Yes, Bivan is an active enterprise in the KBO register.
- What is the turnover of Bivan?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Bivan profitable?
- In financial year 2025, Bivan made a loss of €23,919.
- Where can I find the annual accounts of Bivan?
- Bivan filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bivan due?
- Bivan must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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