BLOVAN
ActiveSummary
BLOVAN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €32,898 and a net result of €308. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability39▲+5
Solvency29=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.18 in 2023; short-term debt: 53% and cash: 0.2% of total assets), and 95.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
4.1%
Return on assets
0%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 15862 sector peers (2024).
NBB · sector comparisonPosition among 15862 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
34 d early
2022
39 d early
2021
31 d early
2020
30 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€32,898▲ 0.9%
2023 · €32,590
Total assets
€795,741▼ 0.1%
2023 · €796,760
Net result
€308
2023 · -€6,783
Working capital
€88,484▲ 21.0%
2023 · €73,118
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
Line20202021202220232024
Operating result€13,244▲ 139%€12,515▼ 5.5%€17,077▲ 36.5%€13,624▼ 20.2%€20,526▲ 50.7%
Net result€902-€1,400€621-€6,783€308
Equity€40,153▲ 2.3%€38,752▼ 3.5%€39,374▲ 1.6%€32,590▼ 17.2%€32,898▲ 0.9%
Total assets€818,293▼ 7.5%€814,543▼ 0.5%€827,914▲ 1.6%€796,760▼ 3.8%€795,741▼ 0.1%
Debt€778,140▼ 8.0%€775,790▼ 0.3%€788,541▲ 1.6%€764,170▼ 3.1%€762,843▼ 0.2%
Working capital€24,876▼ 42.0%€28,005▲ 12.6%€95,117▲ 240%€73,118▼ 23.1%€88,484▲ 21.0%
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 51% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €795,741
Fixed assets
€285,880 ▼ 6.8%
Current assets
€509,861 ▲ 4.1%
Equity and liabilities €795,741
Equity
€32,898 ▲ 0.9%
Debt
€762,843 ▼ 0.2%
Debt's share of the balance-sheet total stays at 95.9%.
Key figures and ratios
EBITDA
€49,170▲
2023 · €39,558
Cash flow
€28,951▲
2023 · €19,151
Current ratio
1.21▲
2023 · 1.18
Quick ratio
0.07▼
2023 · 0.11
Debt to equity
23.19▼
2023 · 23.45
ROE
0.9%▲
2023 · -20.8%
ROA
0.0%▲
2023 · -0.9%
Interest coverage
2.45▲
2023 · 1.94
Debt ≤ 1 year
€421,377▲
2023 · €416,747
Debt > 1 year
€341,465▼
2023 · €347,423
Income taxes
€212▼
2023 · €214
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.3%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% 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 497,058 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 1,214 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,355 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,701 | €26,672 | €28,145 | €25,935 | €28,643 | ▲ 10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,111 | - | - |
| Other operating charges640/8 | - | €4,879 | €4,695 | €5,155 | €5,503 | ▲ 6.7% |
| Non-recurring operating charges66A | - | - | - | €2,420 | - | - |
| Gross operating margin9900 | €45,745 | €44,065 | €49,917 | €52,244 | €54,672 | ▲ 4.6% |
| Operating profit (loss)9901 | €13,244 | €12,515 | €17,077 | €13,624 | €20,526 | ▲ 50.7% |
| Financial income75/76B | - | €5 | €198 | €168 | €63 | ▼ 62.3% |
| Recurring financial income75 | €10 | €5 | €198 | €168 | €63 | ▼ 62.3% |
| Financial charges65/66B | - | €12,481 | €15,203 | €20,361 | €20,070 | ▼ 1.4% |
| Recurring financial charges65 | €12,144 | €12,481 | €15,203 | €20,361 | €20,070 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €1,110 | €38 | €2,072 | -€6,569 | €520 | ▲ 108% |
| Income taxes67/77 | €209 | €1,438 | €1,451 | €214 | €212 | ▼ 1.0% |
| Profit (loss) for the period9904 | €902 | -€1,400 | €621 | -€6,783 | €308 | ▲ 105% |
| Transfer from tax-exempt reserves789 | - | €7,616 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €902 | €6,215 | €621 | -€6,783 | €308 | ▲ 105% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €818,293 | €814,543 | €827,914 | €796,760 | €795,741 | ▼ 0.1% |
| Fixed assets21/28 | €372,155 | €350,136 | €328,667 | €306,895 | €285,880 | ▼ 6.8% |
| Intangible fixed assets21 | - | €3,888 | €2,957 | €2,027 | €1,097 | ▼ 45.9% |
| Tangible fixed assets22/27 | €370,213 | €344,306 | €323,768 | €302,926 | €282,841 | ▼ 6.6% |
| Land and buildings22 | - | €342,160 | €318,740 | €295,321 | €271,901 | ▼ 7.9% |
| Plant, machinery and equipment23 | - | €348 | €1,882 | €3,544 | €9,417 | ▲ 166% |
| Furniture and vehicles24 | - | - | €3,145 | €4,062 | €1,523 | ▼ 62.5% |
| Leasing and similar rights25 | - | €1,797 | - | - | - | - |
| Financial fixed assets28 | €1,942 | €1,942 | €1,942 | €1,942 | €1,942 | = |
| Current assets29/58 | €446,138 | €464,407 | €499,247 | €489,865 | €509,861 | ▲ 4.1% |
| Stocks and contracts in progress3 | €409,940 | €426,285 | €449,839 | €444,608 | €480,705 | ▲ 8.1% |
| Stocks30/36 | - | €426,285 | €449,839 | €444,608 | €480,705 | ▲ 8.1% |
| Amounts receivable within one year40/41 | €19,498 | €23,975 | €22,022 | €15,679 | €25,498 | ▲ 62.6% |
| Trade receivables40 | - | €23,975 | €22,022 | €15,679 | €25,498 | ▲ 62.6% |
| Cash at bank and in hand54/58 | €11,824 | €9,260 | €22,651 | €24,346 | €1,913 | ▼ 92.1% |
| Deferred charges and accrued income490/1 | - | €4,888 | €4,736 | €5,231 | €1,746 | ▼ 66.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €818,293 | €814,543 | €827,914 | €796,760 | €795,741 | ▼ 0.1% |
| Equity10/15 | €40,153 | €38,752 | €39,374 | €32,590 | €32,898 | ▲ 0.9% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €21,561 | €20,160 | €20,782 | €13,998 | €14,306 | ▲ 2.2% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €18,301 | €18,922 | €13,998 | €14,306 | ▲ 2.2% |
| Profit (loss) carried forward14 | €3,860 | - | - | - | - | - |
| Amounts payable17/49 | €778,140 | €775,790 | €788,541 | €764,170 | €762,843 | ▼ 0.2% |
| Amounts payable after more than one year17 | €356,879 | €339,388 | €384,411 | €347,423 | €341,465 | ▼ 1.7% |
| Financial debts170/4 | - | €339,388 | €384,411 | €347,423 | €341,465 | ▼ 1.7% |
| Amounts payable within one year42/48 | €421,261 | €436,403 | €404,130 | €416,747 | €421,377 | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €11,801 | €32,157 | €28,648 | €24,412 | ▼ 14.8% |
| Financial debts43 | - | €209,157 | €175,000 | €175,000 | €175,000 | = |
| Credit institutions430/8 | - | €209,157 | €175,000 | €175,000 | €175,000 | = |
| Trade debts44 | €142,539 | €151,844 | €133,321 | €151,284 | €168,280 | ▲ 11.2% |
| Suppliers440/4 | - | €151,844 | €133,321 | €151,284 | €168,280 | ▲ 11.2% |
| Taxes, remuneration and social security45 | - | €37,158 | €45,032 | €42,810 | €52,100 | ▲ 21.7% |
| Taxes450/3 | - | €33,068 | €38,602 | €35,610 | €37,700 | ▲ 5.9% |
| Remuneration and social security454/9 | - | €4,090 | €6,430 | €7,200 | €14,400 | ▲ 100% |
| Other amounts payable47/48 | - | €26,443 | €18,619 | €19,005 | €1,585 | ▼ 91.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €902 | -€1,400 | €621 | -€6,783 | €308 | ▲ 105% |
| + Depreciation and write-downs630 | €27,701 | €26,672 | €28,145 | €25,935 | €28,643 | ▲ 10.4% |
| Operating cash flow (approximation) | €28,603 | €25,271 | €28,767 | €19,151 | €28,951 | ▲ 51.2% |
| Investment in fixed assets (approximation) | - | -€4,652 | -€6,677 | -€4,163 | -€7,628 | ▼ 83.2% |
| Change in cash | - | -€2,564 | €13,391 | €1,696 | -€22,433 | ▼ 1,423% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €308
Net result €308 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €621
Net result €621 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €902
Net result €902 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€6,834
Net result drops to -€6,834, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Oudenaarde · 1 establishment unit since 1995
Ground area
857 m²
Parcel 45507A0166/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Leupegemstraat 24, 9700 Oudenaarde
since 19952.074.101.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45507A0166/00H000 | Flanders | 856 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudenaarde2.074.101.708
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Of 1,049 companies in sector 46341 we hold annual accounts for 535. 348 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
Founded18-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456287109
Also
9925:BE0456287109
Registered
30-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.