BIVOLAS
ActiveSummary
The computed 12-month bankruptcy probability of BIVOLAS is 5.2% (elevated). The 2025 annual accounts show equity of €87,681 and a net result of €851. Equity is growing by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 56% of 7564 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-24
Solvency74▼-19
Growth52▼-26
Track record86
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.98 against 3.03 in 2024; short-term debt: 28.3% and cash: 0.5% of total assets), but 50.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
49.4%
Return on assets
0.5%
Age of the figures
12 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-06-2026, 37 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
37 d late
2024
35 d early
2023
25 d early
2022
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
€87,681▲ 1.0%
2024 · €86,830
Total assets
€177,574▲ 38.9%
2024 · €127,846
Net result
€851▼ 96.5%
2024 · €24,476
Working capital
€49,137▲ 10.1%
2024 · €44,614
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€10,576-€65,703▲ 521%€36,427▼ 44.6%€7,998▼ 78.0%
Net result€7,698-€49,656▲ 545%€24,476▼ 50.7%€851▼ 96.5%
Equity€12,698-€62,354▲ 391%€86,830▲ 39.3%€87,681▲ 1.0%
Total assets€35,672-€127,287▲ 257%€127,846▲ 0.4%€177,574▲ 38.9%
Debt€22,974-€64,933▲ 183%€41,016▼ 36.8%€89,894▲ 119%
Working capital€1,391-€7,697▲ 453%€44,614▲ 480%€49,137▲ 10.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 78% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,574
Fixed assets
€78,175 ▲ 27.7%
Current assets
€99,400 ▲ 49.1%
Equity and liabilities €177,574
Equity
€87,681 ▲ 1.0%
Debt
€89,894 ▲ 119%
Debt's share of the balance-sheet total rises from 32.1% to 50.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,357▼
2024 · €57,240
Cash flow
€20,209▼
2024 · €45,289
Current ratio
1.98▼
2024 · 3.03
Debt to equity
1.03▲
2024 · 0.47
ROE
1.0%▼
2024 · 28.2%
ROA
0.5%▼
2024 · 19.1%
Interest coverage
7.30▼
2024 · 14.97
Debt ≤ 1 year
€50,263▲
2024 · €22,031
Debt > 1 year
€39,631▲
2024 · €18,985
Income taxes
€3,419▼
2024 · €8,176
Staff costs
€704▲
2024 · €536
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,047 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €536 | €704 | ▲ 31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,600 | €8,193 | €20,814 | €19,358 | ▼ 7.0% |
| Other operating charges640/8 | €465 | €410 | €116 | €17,399 | ▲ 14,899% |
| Gross operating margin9900 | €15,641 | €74,305 | €57,892 | €45,460 | ▼ 21.5% |
| Operating profit (loss)9901 | €10,576 | €65,703 | €36,427 | €7,998 | ▼ 78.0% |
| Financial income75/76B | €21 | €68 | €48 | €17 | ▼ 65.1% |
| Recurring financial income75 | €21 | €68 | €48 | €17 | ▼ 65.1% |
| Financial charges65/66B | €311 | €2,242 | €3,824 | €3,745 | ▼ 2.0% |
| Recurring financial charges65 | €311 | €2,242 | €3,824 | €3,745 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €10,285 | €63,530 | €32,652 | €4,269 | ▼ 86.9% |
| Income taxes67/77 | €2,587 | €13,874 | €8,176 | €3,419 | ▼ 58.2% |
| Profit (loss) for the period9904 | €7,698 | €49,656 | €24,476 | €851 | ▼ 96.5% |
| Profit (loss) for the period to be appropriated9905 | €7,698 | €49,656 | €24,476 | €851 | ▼ 96.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €35,672 | €127,287 | €127,846 | €177,574 | ▲ 38.9% |
| Fixed assets21/28 | €23,798 | €81,550 | €61,201 | €78,175 | ▲ 27.7% |
| Tangible fixed assets22/27 | €23,798 | €77,920 | €61,201 | €78,175 | ▲ 27.7% |
| Plant, machinery and equipment23 | €966 | €1,458 | €357 | €743 | ▲ 108% |
| Furniture and vehicles24 | €1,736 | €60,452 | €49,920 | €37,199 | ▼ 25.5% |
| Leasing and similar rights25 | €21,096 | €16,010 | €10,924 | €40,233 | ▲ 268% |
| Financial fixed assets28 | - | €3,630 | - | - | - |
| Current assets29/58 | €11,875 | €45,736 | €66,645 | €99,400 | ▲ 49.1% |
| Amounts receivable within one year40/41 | €10,253 | €15,960 | €63,529 | €98,490 | ▲ 55.0% |
| Trade receivables40 | €7,700 | €15,960 | €57,435 | €80,514 | ▲ 40.2% |
| Other amounts receivable41 | €2,553 | - | €6,094 | €17,976 | ▲ 195% |
| Cash at bank and in hand54/58 | €1,622 | €29,776 | €3,116 | €909 | ▼ 70.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €35,672 | €127,287 | €127,846 | €177,574 | ▲ 38.9% |
| Equity10/15 | €12,698 | €62,354 | €86,830 | €87,681 | ▲ 1.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | €5,000 | - | - | - | - |
| Other1109/19 | €5,000 | - | - | - | - |
| Profit (loss) carried forward14 | €7,698 | €57,354 | €81,830 | €82,681 | ▲ 1.0% |
| Amounts payable17/49 | €22,974 | €64,933 | €41,016 | €89,894 | ▲ 119% |
| Amounts payable after more than one year17 | €12,490 | €26,894 | €18,985 | €39,631 | ▲ 109% |
| Financial debts170/4 | €12,490 | €26,894 | €18,985 | €39,631 | ▲ 109% |
| Amounts payable within one year42/48 | €10,484 | €38,039 | €22,031 | €50,263 | ▲ 128% |
| Current portion of amounts payable after more than one year42 | €3,592 | €7,582 | €7,908 | €13,941 | ▲ 76.3% |
| Financial debts43 | - | - | - | €4,016 | - |
| Credit institutions430/8 | - | - | - | €4,016 | - |
| Trade debts44 | €4,305 | €9,039 | €1,846 | €16,185 | ▲ 777% |
| Suppliers440/4 | €4,305 | €9,039 | €1,846 | €16,185 | ▲ 777% |
| Taxes, remuneration and social security45 | €2,587 | €21,418 | €12,276 | €16,121 | ▲ 31.3% |
| Taxes450/3 | €2,587 | €16,583 | €12,276 | €16,121 | ▲ 31.3% |
| Remuneration and social security454/9 | - | €4,835 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,698 | €49,656 | €24,476 | €851 | ▼ 96.5% |
| + Depreciation and write-downs630 | €4,600 | €8,193 | €20,814 | €19,358 | ▼ 7.0% |
| Operating cash flow (approximation) | €12,298 | €57,848 | €45,289 | €20,209 | ▼ 55.4% |
| Investment in fixed assets (approximation) | - | -€65,945 | -€464 | -€36,333 | ▼ 7,730% |
| Change in cash | - | €28,154 | -€26,660 | -€2,207 | ▲ 91.7% |
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
06-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 37 days late
2025
03-11
KBO administration
Address struck
30-09
Financial
Weakest financial yearnet €851 ▼96.5%
Net result drops to €851, the lowest in the series.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 1.20 to 3.03; short-term debt falls from €38,039 to €22,031.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2022net €49,656 ▲545%
Operating result €65,703, net result €49,656, both a record.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Beersel · 1 establishment unit since 2021
Ground area
2,811 m²
Building footprint
699 m²
Volume, LiDAR
4,793 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BIVOLAS
since 20212.318.509.440
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23046C0017/00C002 | Flanders | 2,501 m² | 1 · 516 m² | 7.3 m · 2 fl. |
| 23016D0184/00G005 | Flanders | 309 m² | 1 · 183 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,166 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-2021
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43240Other construction installation
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0764895082
Also
9925:BE0764895082
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.