BLV
ActiveSummary
BLV has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248k and a net result of €18k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-5
Solvency73▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.34 in 2024; short-term debt: 33.2% and cash: 9.9% of total assets), and 52.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
47.7%
Return on assets
3.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
11 d early
2023
49 d early
2022
69 d early
2021
67 d early
2020
60 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€248k▲ 7.8%
2024 · €230k
2019: €103klowest in 7 years
2020: €125k▲ +21.0% vs 2019
2021: €146k▲ +17.0% vs 2020
2022: €167k▲ +14.2% vs 2021
2023: €191k▲ +14.2% vs 2022
2024: €230k▲ +20.8% vs 2023
2025: €248k▲ +7.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€520k▼ 5.3%
2024 · €549k
2019: €140klowest in 7 years
2020: €162k▲ +15.8% vs 2019
2021: €191k▲ +17.8% vs 2020
2022: €216k▲ +13.0% vs 2021
2023: €528k▲ +144% vs 2022
2024: €549k▲ +4.1% vs 2023highest in 7 years
2025: €520k▼ -5.3% vs 2024
2019 → 2025
Net result
€18k▼ 54.5%
2024 · €40k
2019: €18k
2020: €22k▲ +17.2% vs 2019
2021: €21k▼ -1.9% vs 2020
2022: €21k▼ -2.7% vs 2021
2023: €24k▲ +14.2% vs 2022
2024: €40k▲ +67.4% vs 2023highest in 7 years
2025: €18k▼ -54.5% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-118k▼ 12.4%
2024 · €-105k
2019: €-18khighest in 7 years
2020: €-25k▼ -36.6% vs 2019
2021: €-32k▼ -28.4% vs 2020
2022: €-39k▼ -24.0% vs 2021
2023: €-112k▼ -187% vs 2022
2024: €-105k▲ +6.3% vs 2023
2025: €-118k▼ -12.4% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€146k-€167k▲ 14.2%€191k▲ 14.2%€230k▲ 20.8%€248k▲ 7.8%
2021: €146klowest in 5 years
2022: €167k▲ +14.2% vs 2021
2023: €191k▲ +14.2% vs 2022
2024: €230k▲ +20.8% vs 2023
2025: €248k▲ +7.8% vs 2024highest in 5 years
Operating result€29k-€28k▼ 2.7%€28k▼ 2.0%€42k▲ 51.6%€24k▼ 43.2%
2021: €29k
2022: €28k▼ -2.7% vs 2021
2023: €28k▼ -2.0% vs 2022
2024: €42k▲ +51.6% vs 2023highest in 5 years
2025: €24k▼ -43.2% vs 2024lowest in 5 years
Net result€21k-€21k▼ 2.7%€24k▲ 14.2%€40k▲ 67.4%€18k▼ 54.5%
2021: €21k
2022: €21k▼ -2.7% vs 2021
2023: €24k▲ +14.2% vs 2022
2024: €40k▲ +67.4% vs 2023highest in 5 years
2025: €18k▼ -54.5% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €520k
Fixed assets
€466k ▼ 5.7%
Current assets
€54k ▼ 1.6%
Equity and liabilities €520k
Equity
€248k ▲ 7.8%
Debt
€272k ▼ 14.7%
Debt's share of the balance-sheet total falls from 58.1% to 52.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118k▼
2024 · €131k
Cash flow
€112k▼
2024 · €129k
Current ratio
0.31▼
2024 · 0.34
Debt to equity
1.10▼
2024 · 1.39
ROE
7.3%▼
2024 · 17.2%
ROA
3.5%▼
2024 · 7.2%
Interest coverage
64.60▲
2024 · 51.88
Debt ≤ 1 year
€173k▲
2024 · €160k
Debt > 1 year
€98k▼
2024 · €157k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€549k€520k▼
Fixed assets21/28€494k€466k▼
Tangible fixed assets22/27€494k€466k▼
Land and buildings22€264k€292k▲
Leasing and similar rights25€230k€173k▼
Current assets29/58€55k€54k▼
Amounts receivable within one year40/41€37k€2k▼
Trade receivables40€37k€2k▼
Other amounts receivable41-€62
Cash at bank and in hand54/58€15k€51k▲
Deferred charges and accrued income490/1€3k€892▼
Equity and liabilities
Total equity and liabilities10/49€549k€520k▼
Equity10/15€230k€248k▲
Contributions10/11€70k€70k=
Reserves13€160k€178k▲
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Distributable reserves133€153k€171k▲
Amounts payable17/49€319k€272k▼
Amounts payable after more than one year17€157k€98k▼
Financial debts170/4€157k€98k▼
Amounts payable within one year42/48€160k€173k▲
Current portion of amounts payable after more than one year42€56k€56k▲
Trade debts44€6k€12k▲
Suppliers440/4€6k€12k▲
Taxes, remuneration and social security45€278€4k▲
Taxes450/3€278€4k▲
Other amounts payable47/48€98k€100k▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€66k€66k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€94k▲
Other operating charges640/8€346€120▼
Gross operating margin9900€131k€118k▼
Operating profit (loss)9901€42k€24k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€40k€22k▼
Income taxes67/77-€4k
Profit (loss) for the period9904€40k€18k▼
Profit (loss) for the period to be appropriated9905€40k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€18k▼
Transfer to equity691/2€40k€18k▼
To other reserves6921€40k€18k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €66k | €66k | €66k | €66k | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €37k | €37k | €89k | €94k | ▲ 5.3% |
| Other operating charges640/8 | - | €191 | €198 | €346 | €120 | ▼ 65.3% |
| Gross operating margin9900 | €67k | €66k | €65k | €131k | €118k | ▼ 10.4% |
| Operating profit (loss)9901 | €29k | €28k | €28k | €42k | €24k | ▼ 43.2% |
| Financial charges65/66B | - | €150 | €4k | €3k | €2k | ▼ 27.9% |
| Recurring financial charges65 | €128 | €150 | €4k | €3k | €2k | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | €29k | €28k | €24k | €40k | €22k | ▼ 44.1% |
| Income taxes67/77 | €8k | €7k | - | - | €4k | - |
| Profit (loss) for the period9904 | €21k | €21k | €24k | €40k | €18k | ▼ 54.5% |
| Profit (loss) for the period to be appropriated9905 | €21k | €21k | €24k | €40k | €18k | ▼ 54.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191k | €216k | €528k | €549k | €520k | ▼ 5.3% |
| Fixed assets21/28 | €180k | €208k | €517k | €494k | €466k | ▼ 5.7% |
| Tangible fixed assets22/27 | €180k | €208k | €517k | €494k | €466k | ▼ 5.7% |
| Land and buildings22 | - | €208k | €236k | €264k | €292k | ▲ 10.7% |
| Leasing and similar rights25 | - | - | €281k | €230k | €173k | ▼ 24.5% |
| Current assets29/58 | €11k | €8k | €10k | €55k | €54k | ▼ 1.6% |
| Amounts receivable within one year40/41 | €8k | €5k | €8k | €37k | €2k | ▼ 94.7% |
| Trade receivables40 | - | €5k | €6k | €37k | €2k | ▼ 94.9% |
| Other amounts receivable41 | - | €11 | €1k | - | €62 | - |
| Cash at bank and in hand54/58 | €4k | €3k | €3k | €15k | €51k | ▲ 239% |
| Deferred charges and accrued income490/1 | - | - | - | €3k | €892 | ▼ 67.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191k | €216k | €528k | €549k | €520k | ▼ 5.3% |
| Equity10/15 | €146k | €167k | €191k | €230k | €248k | ▲ 7.8% |
| Contributions10/11 | - | €70k | €70k | €70k | €70k | = |
| Reserves13 | €76k | €97k | €121k | €160k | €178k | ▲ 11.3% |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Reserves not available under the articles1311 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €90k | €114k | €153k | €171k | ▲ 11.8% |
| Amounts payable17/49 | €45k | €49k | €337k | €319k | €272k | ▼ 14.7% |
| Amounts payable after more than one year17 | - | - | €213k | €157k | €98k | ▼ 37.7% |
| Financial debts170/4 | - | - | €213k | €157k | €98k | ▼ 37.7% |
| Amounts payable within one year42/48 | €43k | €47k | €123k | €160k | €173k | ▲ 7.6% |
| Current portion of amounts payable after more than one year42 | - | - | €53k | €56k | €56k | ▲ 0.9% |
| Trade debts44 | €1k | €102 | €3k | €6k | €12k | ▲ 92.9% |
| Suppliers440/4 | - | €102 | €3k | €6k | €12k | ▲ 92.9% |
| Taxes, remuneration and social security45 | - | €7k | - | €278 | €4k | ▲ 1,374% |
| Taxes450/3 | - | €7k | - | €278 | €4k | ▲ 1,374% |
| Other amounts payable47/48 | - | €40k | €67k | €98k | €100k | ▲ 2.0% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | €2k | €2k | ▼ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €21k | €24k | €40k | €18k | ▼ 54.5% |
| + Depreciation and write-downs630 | €37k | €37k | €37k | €89k | €94k | ▲ 5.3% |
| Operating cash flow (approximation) | €59k | €58k | €61k | €129k | €112k | ▼ 13.1% |
| Investment in fixed assets (approximation) | - | €-66k | €-347k | €-66k | €-66k | = |
| Change in cash | - | €-277 | €-862 | €13k | €36k | ▲ 189% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €18k ▼54.5%
Net result drops to €18k, the lowest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €40k ▲67.4%
Operating result €42k, net result €40k, both a record.
30-06
Financial
Equity above €200kEq €230k ▲20.8%
6 profitable years in a row build equity to €230k.
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €150kEq €167k ▲14.2%
4 profitable years in a row build equity to €167k.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Duffel · 1 establishment unit since 2016
Ground area
2,623 m²
Building footprint
900 m²
Volume, LiDAR
15 m³
Parcel 12302B0211/00M000, Flanders · tallest building 2.9 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BLV
since 20162.252.075.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302B0211/00M000 | Flanders | 2,623 m² | 1 · 900 m² | 2.9 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,090 EUR awarded · 3,090 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,090 EUR | 3,090 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Similar companies · same sector, comparable size
SWINNEN WOONPROJECTEN
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Balen · Eq €248,102
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AVIMORE
BE 0843.835.662
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VLASFABRIEK
BE 0786.871.225
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DEMA-CONCEPT
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,248 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
Founded28-01-2016
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Contact
E-mail
stefan@brightlight.beDuffel
Phone
+32 38894455Duffel
Scores and ratios are computed by Checked and are not a credit decision.