BOUVAN
ActiveSummary
BOUVAN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €213,302. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 89 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency82▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.22 in 2024; short-term debt: 42.4% and cash: 0.9% of total assets), and 42.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
57.1%
Return on assets
5.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
91 d late
2023
83 d late
2022
87 d late
2021
34 d early
2020
19 d early
2019
15 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 25 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 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
€213,302▲ 11.7%
2024 · €190,987
Working capital
-€1.5m▼ 25.9%
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 02, Forestry and logging, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€273,085▼ 10.8%€269,936▼ 1.2%€310,539▲ 15.0%€324,955▲ 4.6%€349,523▲ 7.6%
Net result€167,902above the sector's middle half▲ 20.5%€168,192within the sector's middle half▲ 0.2%€188,372within the sector's middle half▲ 12.0%€190,987above the sector's middle half▲ 1.4%€213,302above the sector's middle half▲ 11.7%
Equity€2.0mabove the sector's middle half▲ 9.3%€2.0mabove the sector's middle half▲ 3.5%€2.1mabove the sector's middle half▲ 0.7%€2.1mabove the sector's middle half▲ 0.8%€2.1mwithin the sector's middle half▲ 0.6%
Total assets€3.7mabove the sector's middle half▲ 4.8%€3.3mwithin the sector's middle half▼ 11.7%€4.4mabove the sector's middle half▲ 33.9%€4.1mabove the sector's middle half▼ 5.4%€3.7mwithin the sector's middle half▼ 11.6%
Debt€1.7m=€1.2m▼ 29.1%€2.3m▲ 89.6%€2.1m▼ 11.0%€1.6m▼ 23.9%
Working capital€78,263-€569,038-€509,287▲ 10.5%-€1.2m▼ 136%-€1.5m▼ 25.9%
Solvency53.4%within the sector's middle half▲ 2.2pp62.6%within the sector's middle half▲ 9.2pp47.0%within the sector's middle half▼ 15.5pp50.1%within the sector's middle half▲ 3.1pp57.1%within the sector's middle half▲ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 02, Forestry and logging, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€3.6m ▼ 4.6%
Current assets
€34,904 ▼ 89.7%
Equity and liabilities €3.7m
Equity
€2.1m ▲ 0.6%
Debt
€1.6m ▼ 23.9%
Debt's share of the balance-sheet total falls from 49.9% to 42.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€524,516▲
2024 · €517,189
Cash flow
€388,294▲
2024 · €383,222
Current ratio
0.02▼
2024 · 0.22
Debt to equity
0.75▼
2024 · 1.00
ROE
10.2%▲
2024 · 9.2%
ROA
5.8%▲
2024 · 4.6%
Interest coverage
8.34▲
2024 · 7.36
Debt ≤ 1 year
€1.5m▲
2024 · €1.5m
Income taxes
€73,350▲
2024 · €63,662
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 20,082 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €186,102 | €186,102 | €189,244 | €192,235 | €174,992 | ▼ 9.0% |
| Other operating charges640/8 | €44,060 | €45,143 | €49,294 | €51,381 | €52,998 | ▲ 3.1% |
| Gross operating margin9900 | €503,247 | €501,180 | €549,077 | €568,570 | €577,514 | ▲ 1.6% |
| Operating profit (loss)9901 | €273,085 | €269,936 | €310,539 | €324,955 | €349,523 | ▲ 7.6% |
| Financial charges65/66B | €49,215 | €45,680 | €59,377 | €70,305 | €62,871 | ▼ 10.6% |
| Recurring financial charges65 | €49,215 | €45,680 | €59,377 | €70,305 | €62,871 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €223,870 | €224,256 | €251,162 | €254,650 | €286,652 | ▲ 12.6% |
| Income taxes67/77 | €55,967 | €56,064 | €62,791 | €63,662 | €73,350 | ▲ 15.2% |
| Profit (loss) for the period9904 | €167,902 | €168,192 | €188,372 | €190,987 | €213,302 | ▲ 11.7% |
| Profit (loss) for the period to be appropriated9905 | €167,902 | €168,192 | €188,372 | €190,987 | €213,302 | ▲ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.3m | €4.4m | €4.1m | €3.7m | ▼ 11.6% |
| Fixed assets21/28 | €3.2m | €3.0m | €4.0m | €3.8m | €3.6m | ▼ 4.6% |
| Tangible fixed assets22/27 | €3.2m | €3.0m | €4.0m | €3.8m | €3.6m | ▼ 4.6% |
| Land and buildings22 | €3.2m | €3.0m | €4.0m | €3.8m | €3.6m | ▼ 4.6% |
| Current assets29/58 | €478,263 | €231,066 | €384,741 | €339,266 | €34,904 | ▼ 89.7% |
| Amounts receivable within one year40/41 | €12,568 | €22,232 | €2,438 | €3,681 | €2,046 | ▼ 44.4% |
| Trade receivables40 | - | - | - | - | €575 | - |
| Other amounts receivable41 | €12,568 | €22,232 | €2,438 | €3,681 | €1,471 | ▼ 60.0% |
| Cash at bank and in hand54/58 | €465,695 | €208,834 | €382,302 | €335,586 | €32,858 | ▼ 90.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.3m | €4.4m | €4.1m | €3.7m | ▼ 11.6% |
| Equity10/15 | €2.0m | €2.0m | €2.1m | €2.1m | €2.1m | ▲ 0.6% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Outside capital11 | €5 | €5 | €5 | €5 | €5 | = |
| Share premium1100/10 | €5 | €5 | €5 | €5 | €5 | = |
| Reserves13 | €843,649 | €911,841 | €925,212 | €941,200 | €954,502 | ▲ 1.4% |
| Non-distributable reserves130/1 | €38,265 | €46,675 | €56,093 | €65,643 | €76,308 | ▲ 16.2% |
| Legal reserve130 | €38,265 | €46,675 | €56,093 | €65,643 | €76,308 | ▲ 16.2% |
| Distributable reserves133 | €805,384 | €865,166 | €869,119 | €875,557 | €878,194 | ▲ 0.3% |
| Amounts payable17/49 | €1.7m | €1.2m | €2.3m | €2.1m | €1.6m | ▼ 23.9% |
| Amounts payable after more than one year17 | €1.3m | €400,000 | €1.4m | €500,000 | - | - |
| Financial debts170/4 | €1.3m | €400,000 | €1.4m | €500,000 | - | - |
| Amounts payable within one year42/48 | €400,000 | €800,104 | €894,027 | €1.5m | €1.5m | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | €400,000 | €700,000 | €700,000 | €1.3m | €1.3m | = |
| Trade debts44 | - | €104 | - | €2,806 | €9,045 | ▲ 222% |
| Suppliers440/4 | - | €104 | - | €2,806 | €9,045 | ▲ 222% |
| Taxes, remuneration and social security45 | - | - | - | €13,662 | €17,013 | ▲ 24.5% |
| Taxes450/3 | - | - | - | €13,662 | €17,013 | ▲ 24.5% |
| Other amounts payable47/48 | - | €100,000 | €194,027 | €224,685 | €222,438 | ▼ 1.0% |
| Accrued charges and deferred income492/3 | €22,581 | €20,986 | €20,986 | €20,164 | €20,164 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €167,902 | €168,192 | €188,372 | €190,987 | €213,302 | ▲ 11.7% |
| + Depreciation and write-downs630 | €186,102 | €186,102 | €189,244 | €192,235 | €174,992 | ▼ 9.0% |
| Operating cash flow (approximation) | €354,004 | €354,293 | €377,615 | €383,222 | €388,294 | ▲ 1.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1.1m | €0 | €0 | - |
| Change in cash | - | -€256,861 | €173,468 | -€46,717 | -€302,728 | ▼ 548% |
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
12-08
State Gazette act
Reappointments: STEPAVAN BV, JORVAN BV and VRC BEDRIJFSREVISOREN BVPermanent representatives: Peter Vanrobaeys, Jorgen Vanrobaeys and 2 others11 facts ▸
State Gazette act
Reappointments: STEPAVAN BV, JORVAN BV and VRC BEDRIJFSREVISOREN BV
Permanent representatives: Peter Vanrobaeys, Jorgen Vanrobaeys and 2 others11 facts ▸
- General meeting, 25-11-2025
- Director reappointment, STEPAVAN BV (director)
- Permanent representative, Peter Vanrobaeys (permanent representative)
- Director reappointment, JORVAN BV (director)
- Permanent representative, Jorgen Vanrobaeys (permanent representative)
- Auditor reappointment, VRC BEDRIJFSREVISOREN BV (statutory auditor)
- Permanent representative, Steven T'Jollyn (permanent representative)
- Other statement, Op de laatste biz, van Luik B vermelden:
- Permanent representative, Jorgen Vanrobaeys (permanent representative)
- Permanent representative, Jan Camerlynck (permanent representative)
- Permanent representative, Peter Vanrobaeys (permanent representative)
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €213,302 ▲11.7%
Operating result €349,523, net result €213,302, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 87 days late
2022
31-12
Financial
Equity above €2mEq €2.0m ▲3.5%
5 profitable years in a row build equity to €2.0m.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €139,394 ▼17.8%
Net result drops to €139,394, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2025
Board 2
JORVAN
CurrentDirector · since 25-11-2025 · Private limited company · perm. rep.: Jorgen Vanrobaeys
STEPAVAN
CurrentDirector · since 25-11-2025 · Private limited company · perm. rep.: Peter Vanrobaeys
Permanent representatives 2
Jorgen Vanrobaeys
CurrentPermanent representative · since 25-11-2025 · for JORVAN
Peter Vanrobaeys
CurrentPermanent representative · since 25-11-2025 · for STEPAVAN
Statutory auditor 1
VRC BEDRIJFSREVISOREN
CurrentStatutory auditor · since 25-11-2025 · perm. rep.: Steven T'Jollyn
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
11 of this company's 12 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, Izegem · 1 establishment unit since 1988
Ground area
2.5 ha
Building footprint
1.3 ha
Volume, LiDAR
71,542 m³
2 parcels, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
BOUVAN NV
since 19882.039.924.549
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494E1337/00M000 | Flanders | 1.4 ha | 1 · 6,286 m² | 13.9 m · 4 fl. |
| 36494D0087/00F002 | Flanders | 1.2 ha | 1 · 6,372 m² | - |
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.
Mandate history
3 people since 2025, 3 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| JORVAN |
|
| STEPAVAN |
|
| VRC BEDRIJFSREVISOREN |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Part of the group
SOFINDEV V
26 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- SOFINDEV V
- WOPACO
- PRODUVAN
- VANROBAEYS
- BOUVAN
Highest known parent: SOFINDEV V. The sources do not say who stands above it.
Owners 1
- VANROBAEYSparentSourceaccounts VANROBAEYS 2025100%
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
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Of 606 companies in sector 02100 we hold annual accounts for 210. 103 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
Founded07-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
02100Forestry and logging
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434731927
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.