BIVARNA
ActiveThe computed 12-month bankruptcy probability of BIVARNA is 4.8% (elevated). The 2024 annual accounts show equity of €24k and a net result of €13k. Equity is growing by ~88.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+3
Solvency41▲+2
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 1.04 in 2023; short-term debt: 84.2% and cash: 4% of total assets), and 84.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.8%
Return on assets
8.9%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
78 d late
2023
52 d late
2022
71 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€24k▲ 129%
2023 · €10k
2022: €5k
2023: €10k
2022 → 2024
Total assets
€149k▲ 102%
2023 · €74k
2022: €30k
2023: €74k
2022 → 2024
Net result
€13k▲ 168%
2023 · €5k
2022: €5k
2023: €5k
2022 → 2024
Working capital
€15k▲ 470%
2023 · €3k
2022: €-10k
2023: €3k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€5k-€10k▲ 93.5%€24k▲ 129%
Operating result€16k-€7k▼ 56.2%€17k▲ 142%
Net result€5k-€5k▼ 6.5%€13k▲ 168%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 142% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €149k
Fixed assets
€9k▲ 14.3%
Current assets
€140k▲ 113%
Equity and liabilities €149k
Equity
€24k▲ 129%
Debt
€126k▲ 98.0%
The debt ratio falls from 86.1% to 84.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▲
2023 · €14k
Cash flow
€22k▲
2023 · €12k
Solvency
15.8%▲
2023 · 13.9%
Current ratio
1.12▲
2023 · 1.04
Quick ratio
1.12▲
2023 · 1.04
Debt / equity
5.33▼
2023 · 6.17
ROE
56.4%▲
2023 · 48.3%
ROA
8.9%▲
2023 · 6.7%
Interest coverage
329.82▲
2023 · 229.14
Debt
€126k▲
2023 · €63k
Debt ≤ 1 year
€126k▲
2023 · €63k
Income taxes
€4k▲
2023 · €2k
Staff costs
€219▲
2023 · €4
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€74k€149k▲
Fixed assets21/28€8k€9k▲
Tangible fixed assets22/27€8k€9k▲
Furniture and vehicles24€8k€9k▲
Current assets29/58€66k€140k▲
Amounts receivable within one year40/41€59k€134k▲
Trade receivables40€57k€130k▲
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€74k€149k▲
Equity10/15€10k€24k▲
Profit (loss) carried forward14€10k€24k▲
Amounts payable17/49€63k€126k▲
Amounts payable within one year42/48€63k€126k▲
Trade debts44€60k€120k▲
Suppliers440/4-€2k
Bills of exchange payable441€60k€118k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€187k€253k▲
Remuneration, social security and pensions62€4€219▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8-€263
Gross operating margin9900€14k€27k▲
Operating profit (loss)9901€7k€17k▲
Financial charges65/66B€63€79▲
Recurring financial charges65€63€79▲
Profit (loss) for the period before taxes9903€7k€17k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€5k€13k▲
Profit (loss) for the period to be appropriated9905€5k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€24k▲
Profit (loss) brought forward from the previous period14P€5k€10k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
2024
31-12
Financial
Highest result since 2022net €13k ▲168%
Operating result €17k, net result €13k, both a record.
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 52 days late
2023
31-12
Financial
Weakest financial yearnet €5k ▼6.5%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Strijderssquare 91020 BrusselGround area
119 m²
Building footprint
89 m²
Volume, LiDAR
1,483 m³
Parcel 21815D0106/00D008, Brussels · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BIVARNA
since 20212.324.270.547
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0106/00D008 | Brussels | 119 m² | 1 · 89 m² | 18.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BE 0657.774.717
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SILVA charpente
BE 0767.669.678
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ED RENOV
BE 1002.465.108
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,073 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2021
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
53200Other postal and courier activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.