BOEVERIE
ActiveSummary
BOEVERIE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468,482 and a net result of -€3,655. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 15% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency26▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.31 in 2024; short-term debt: 86.5% and cash: 2.6% of total assets), and 98.8% 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 · 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
1.2%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4616 sector peers (2025).
NBB · sector comparisonPosition among 4616 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 8 filingsDeviation from the deadline
2025
10 d late
2024
29 d early
2023
22 d late
2022
31 d late
2021
16 d late
2020
31 d late
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,655▲ 36.2%
2024 · -€5,727
Working capital
€5.3m▲ 3.4%
2024 · €5.2m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,113▼ 8.8%€7,864€647,625▲ 8,135%€598,146▼ 7.6%€438,712▼ 26.7%
Net result-€3,436within the sector's middle half▼ 13.4%-€4,199within the sector's middle half▼ 22.2%-€3,644within the sector's middle half▲ 13.2%-€5,727within the sector's middle half▼ 57.1%-€3,655within the sector's middle half▲ 36.2%
Equity€485,707within the sector's middle half▼ 0.7%€481,508within the sector's middle half▼ 0.9%€477,863within the sector's middle half▼ 0.8%€472,137within the sector's middle half▼ 1.2%€468,482within the sector's middle half▼ 0.8%
Total assets€3.2mwithin the sector's middle half▲ 20.2%€7.1mabove the sector's middle half▲ 123%€9.4mabove the sector's middle half▲ 32.3%€21.6mabove the sector's middle half▲ 129%€39.6mabove the sector's middle half▲ 83.1%
Debt€2.7m▲ 25.0%€6.6m▲ 146%€8.9m▲ 34.7%€21.1m▲ 136%€39.1m▲ 85.0%
Working capital-€1.1mbelow the sector's middle half▼ 0.3%€4.6mabove the sector's middle half€4.9mabove the sector's middle half▲ 6.4%€5.2mabove the sector's middle half▲ 4.6%€5.3mabove the sector's middle half▲ 3.4%
Solvency15.2%within the sector's middle half▼ 3.2pp6.8%below the sector's middle half▼ 8.5pp5.1%below the sector's middle half▼ 1.7pp2.2%below the sector's middle half▼ 2.9pp1.2%below the sector's middle half▼ 1.0pp
Current ratio0.60within the sector's middle half▲ 0.106.03above the sector's middle half▲ 5.432.10within the sector's middle half▼ 3.931.31within the sector's middle half▼ 0.791.16within the sector's middle half▼ 0.16
Return on assets (ROA)-0.1%within the sector's middle half=-0.1%within the sector's middle half=0.0%within the sector's middle half=0.0%within the sector's middle half=0.0%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €39.6m
Equity
€468,482 ▼ 0.8%
Debt
€39.1m ▲ 85.0%
Debt's share of the balance-sheet total rises from 97.8% to 98.8%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
0.11▲
2024 · 0.11
Debt to equity
83.50▲
2024 · 44.79
ROE
-0.8%▲
2024 · -1.2%
Debt ≤ 1 year
€34.2m▲
2024 · €16.5m
Debt > 1 year
€4.9m▲
2024 · €4.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 102 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 97% are still going.
- Large
- solvency under 10%
- a small loss
- without age
2.0%
went bankrupt
1.0%
stopped otherwise
97%
still going
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 102 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,191 | €17,148 | €46,443 | €1,505 | €13,448 | ▲ 794% |
| Gross operating margin9900 | -€1,922 | €25,012 | €694,068 | €599,651 | €452,160 | ▼ 24.6% |
| Operating profit (loss)9901 | -€3,113 | €7,864 | €647,625 | €598,146 | €438,712 | ▼ 26.7% |
| Financial income75/76B | - | - | €0 | €1,353 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €0 | €1,353 | €0 | ▼ 100% |
| Financial charges65/66B | €323 | €12,063 | €651,269 | €605,225 | €442,367 | ▼ 26.9% |
| Recurring financial charges65 | €323 | €12,063 | €651,269 | €605,225 | €442,367 | ▼ 26.9% |
| Profit (loss) for the period before taxes9903 | -€3,436 | -€4,199 | -€3,644 | -€5,727 | -€3,655 | ▲ 36.2% |
| Profit (loss) for the period9904 | -€3,436 | -€4,199 | -€3,644 | -€5,727 | -€3,655 | ▲ 36.2% |
| Profit (loss) for the period to be appropriated9905 | -€3,436 | -€4,199 | -€3,644 | -€5,727 | -€3,655 | ▲ 36.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €7.1m | €9.4m | €21.6m | €39.6m | ▲ 83.1% |
| Fixed assets21/28 | €1.6m | €1.6m | €0 | - | - | - |
| Financial fixed assets28 | €1.6m | €1.6m | €0 | - | - | - |
| Current assets29/58 | €1.6m | €5.6m | €9.4m | €21.6m | €39.6m | ▲ 83.1% |
| Stocks and contracts in progress3 | €1.4m | €3.3m | €8.9m | €19.8m | €35.8m | ▲ 80.7% |
| Stocks30/36 | €1.4m | €3.3m | €8.9m | €19.8m | €35.8m | ▲ 80.7% |
| Amounts receivable within one year40/41 | €51,352 | €242,369 | €103,106 | €41,255 | €2.6m | ▲ 6,283% |
| Trade receivables40 | - | €115,513 | €0 | €41,255 | €2.6m | ▲ 6,283% |
| Other amounts receivable41 | €51,352 | €126,856 | €103,106 | €0 | - | - |
| Cash at bank and in hand54/58 | €178,984 | €1.8m | €231,145 | €1.6m | €1.0m | ▼ 36.2% |
| Deferred charges and accrued income490/1 | - | €188,333 | €168,063 | €180,442 | €142,991 | ▼ 20.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €7.1m | €9.4m | €21.6m | €39.6m | ▲ 83.1% |
| Equity10/15 | €485,707 | €481,508 | €477,863 | €472,137 | €468,482 | ▼ 0.8% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Capital10 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Issued capital100 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Profit (loss) carried forward14 | -€14,293 | -€18,492 | -€22,137 | -€27,863 | -€31,518 | ▼ 13.1% |
| Amounts payable17/49 | €2.7m | €6.6m | €8.9m | €21.1m | €39.1m | ▲ 85.0% |
| Amounts payable after more than one year17 | - | €5.7m | €4.5m | €4.7m | €4.9m | ▲ 3.8% |
| Financial debts170/4 | - | €5.7m | €4.5m | €4.7m | €4.9m | ▲ 3.8% |
| Amounts payable within one year42/48 | €2.7m | €923,016 | €4.5m | €16.5m | €34.2m | ▲ 108% |
| Financial debts43 | - | - | €1.6m | €0 | €2.4m | - |
| Credit institutions430/8 | - | - | €1.6m | €0 | €2.4m | - |
| Trade debts44 | €44,973 | €807,503 | €628,448 | €2.0m | €1.4m | ▼ 31.8% |
| Suppliers440/4 | €44,973 | €807,503 | €628,448 | €2.0m | €1.4m | ▼ 31.8% |
| Advances received on contracts in progress46 | - | €115,513 | €2.3m | €14.3m | €30.2m | ▲ 111% |
| Taxes, remuneration and social security45 | - | - | - | €129,722 | €204,866 | ▲ 57.9% |
| Taxes450/3 | - | - | - | €129,722 | €204,866 | ▲ 57.9% |
| Other amounts payable47/48 | €2.7m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €180 | €10,750 | €5,372 | €9,795 | ▲ 82.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,436 | -€4,199 | -€3,644 | -€5,727 | -€3,655 | ▲ 36.2% |
| Operating cash flow (approximation) | -€3,436 | -€4,199 | -€3,644 | -€5,727 | -€3,655 | ▲ 36.2% |
| Investment in fixed assets (approximation) | - | €0 | €1.6m | - | - | - |
| Change in cash | - | €1.6m | -€1.6m | €1.4m | -€575,703 | ▼ 142% |
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
07-09
State Gazette act
Appointment: ALEXANDER van RAVELS (director)Permanent representatives: Alexander van Ravels and Alex De Witte · Resignation: ASSETS INVEST (director) · Power of attorney9 facts ▸
State Gazette act
Appointment: ALEXANDER van RAVELS (director)
Permanent representatives: Alexander van Ravels and Alex De Witte · Resignation: ASSETS INVEST (director) · Power of attorney9 facts ▸
- General meeting, 19-06-2026
- Director appointment, ALEXANDER van RAVELS (director)
- Permanent representative, Alexander van Ravels (permanent representative)
- Director resignation, ASSETS INVEST (director)
- Permanent representative, Alex De Witte (permanent representative)
- Board meeting, 19-06-2026
- Director appointment, ALEXANDER van RAVELS (managing director)
- Director resignation, ASSETS INVEST (managing director)
- Power of attorney, Aiarpi Abramian
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 10 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Liquidity times 10current ratio 6.03
Current ratio from 0.60 to 6.03; short-term debt falls from €2.7m to €923,016.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
ALEXANDER van RAVELS
CurrentDirector · since 01-07-2026 · Private limited company
Day-to-day management 1
ALEXANDER van RAVELS
CurrentManaging director · since 01-07-2026 · Private limited company
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2017
Ground area
7,646 m²
Building footprint
828 m²
Volume, LiDAR
6 m³
Parcel 36017A1278/00X003, Flanders · tallest building 0.6 m. Linked by address, not a title deed.
129
companies at this address
See who is registered here
1 establishment unit
BOEVERIE
since 20172.266.912.566
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1278/00X003 | Flanders | 7,646 m² | 1 · 828 m² | 0.6 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.
Mandate history
2 people since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| ALEXANDER van RAVELS |
|
| ASSETS INVEST |
|
Structure & network
Owners and holdings
4 ownersOwners 4
-
50%
-
25%
-
25%
- Sourceaccounts PERUNA 202525%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
7 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
226 INVEST
Shared corporate director
→
Aartselaar Logistics
Shared corporate director
→
BALTISSE
Shared corporate director
→
Levantis Terra
Shared corporate director
→
Show 3 more companies with a shared director
PARK BUILDING
Shared corporate director
→
PARTICIMMO
Shared corporate director
→
VASTGOEDGROEP DEGROOTE
Shared corporate director
→
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Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 4,776 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675385462
Also
9925:BE0675385462
Registered
13-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.