BOVA
ActiveSummary
BOVA has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176,989 and a net result of €39,377. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-1
Solvency34▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.26 in 2024; short-term debt: 22.1% and cash: 4.1% of total assets), and 90.6% 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 · 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 · 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
9.4%
Return on assets
2.1%
Age of the figures
18 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €176,989
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
11 d early
2021
9 d early
2020
5 d late
2019
24 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 6 days before 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Zonhoven, Real estate sector
Equity
€176,989▲ 28.6%
2024 · €137,612
Total assets
€1.9m▲ 1.4%
2024 · €1.9m
Net result
€39,377▼ 2.2%
2024 · €40,281
Working capital
€59,590▼ 35.2%
2024 · €91,988
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
Line20212022202320242025
Operating result€53,473€123,578▲ 131%€121,860▼ 1.4%€170,396▲ 39.8%€170,775▲ 0.2%
Net result-€88,418▲ 39.5%-€10,762▲ 87.8%-€11,412▼ 6.0%€40,281€39,377▼ 2.2%
Equity€119,505▼ 40.8%€108,743▼ 9.0%€97,331▼ 10.5%€137,612▲ 41.4%€176,989▲ 28.6%
Total assets€1.9m▼ 5.6%€1.9m▼ 2.2%€1.9m▼ 0.6%€1.9m▼ 0.2%€1.9m▲ 1.4%
Debt€349,211▲ 7.4%€369,001▲ 5.7%€422,633▲ 14.5%€432,056▲ 2.2%€474,322▲ 9.8%
Working capital€266,887▼ 35.3%€210,556▼ 21.1%€134,990▼ 35.9%€91,988▼ 31.9%€59,590▼ 35.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.4m ▼ 0.5%
Current assets
€476,332 ▲ 7.5%
Equity and liabilities €1.9m
Equity
€176,989 ▲ 28.6%
Provisions
€1.2m ▼ 4.3%
Debt
€474,322 ▲ 9.8%
Debt's share of the balance-sheet total rises from 23.2% to 25.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€177,276▲
2024 · €177,116
Cash flow
€45,878▼
2024 · €47,001
Current ratio
1.14▼
2024 · 1.26
Debt to equity
2.68▼
2024 · 3.14
ROE
22.2%▼
2024 · 29.3%
ROA
2.1%▼
2024 · 2.2%
Interest coverage
1.27▼
2024 · 1.39
Debt ≤ 1 year
€416,742▲
2024 · €351,167
Debt > 1 year
€57,580▼
2024 · €80,889
Income taxes
€4,531▼
2024 · €4,622
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 0.2% 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,938 | €24,519 | €17,360 | €6,720 | €6,501 | ▼ 3.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€49,655 | -€51,280 | -€52,385 | -€52,988 | ▼ 1.2% |
| Other operating charges640/8 | - | €16,065 | €19,333 | €18,652 | €19,503 | ▲ 4.6% |
| Gross operating margin9900 | €46,352 | €114,506 | €107,272 | €143,383 | €143,791 | ▲ 0.3% |
| Operating profit (loss)9901 | €53,473 | €123,578 | €121,860 | €170,396 | €170,775 | ▲ 0.2% |
| Financial income75/76B | - | €18 | €127 | €6 | €10,556 | ▲ 167,453% |
| Recurring financial income75 | - | €18 | €127 | €6 | €10,556 | ▲ 167,453% |
| Financial charges65/66B | - | €136,336 | €135,378 | €127,478 | €139,401 | ▲ 9.4% |
| Recurring financial charges65 | €143,870 | €136,336 | €135,378 | €127,478 | €139,401 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | -€90,397 | -€12,740 | -€13,391 | €42,924 | €41,929 | ▼ 2.3% |
| Transfer from deferred taxes780 | - | €1,979 | €1,979 | €1,979 | €1,979 | = |
| Income taxes67/77 | - | - | - | €4,622 | €4,531 | ▼ 2.0% |
| Profit (loss) for the period9904 | -€88,418 | -€10,762 | -€11,412 | €40,281 | €39,377 | ▼ 2.2% |
| Transfer from tax-exempt reserves789 | - | €5,936 | €5,936 | €5,936 | €5,936 | = |
| Profit (loss) for the period to be appropriated9905 | -€82,482 | -€4,825 | -€5,476 | €46,217 | €45,313 | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▲ 1.4% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 0.5% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 0.5% |
| Land and buildings22 | - | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 0.4% |
| Plant, machinery and equipment23 | - | €7,822 | €1,787 | €3,368 | €2,555 | ▼ 24.1% |
| Current assets29/58 | €463,580 | €445,494 | €454,720 | €443,156 | €476,332 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €55,228 | €61,178 | €53,799 | €53,802 | €73,283 | ▲ 36.2% |
| Trade receivables40 | - | €13,449 | €6,070 | €2,898 | €25,170 | ▲ 769% |
| Other amounts receivable41 | - | €47,729 | €47,729 | €50,904 | €48,113 | ▼ 5.5% |
| Current investments50/53 | - | - | - | €300,000 | €322,090 | ▲ 7.4% |
| Cash at bank and in hand54/58 | €405,897 | €380,797 | €396,982 | €85,366 | €76,678 | ▼ 10.2% |
| Deferred charges and accrued income490/1 | - | €3,519 | €3,939 | €3,988 | €4,280 | ▲ 7.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▲ 1.4% |
| Equity10/15 | €119,505 | €108,743 | €97,331 | €137,612 | €176,989 | ▲ 28.6% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €100,913 | €90,151 | €78,739 | €119,020 | €158,397 | ▲ 33.1% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €0 | - | - |
| Tax-exempt reserves132 | - | €35,617 | €29,681 | €23,745 | €17,809 | ▼ 25.0% |
| Distributable reserves133 | - | €52,675 | €47,199 | €95,275 | €140,588 | ▲ 47.6% |
| Profit (loss) carried forward14 | €55,400 | - | - | - | - | - |
| Provisions and deferred taxes16 | €1.5m | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 4.3% |
| Provisions for liabilities and charges160/5 | - | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 4.1% |
| Environmental obligations163 | - | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 4.1% |
| Deferred taxes168 | - | €11,872 | €9,894 | €7,915 | €5,936 | ▼ 25.0% |
| Amounts payable17/49 | €349,211 | €369,001 | €422,633 | €432,056 | €474,322 | ▲ 9.8% |
| Amounts payable after more than one year17 | €143,317 | €128,306 | €102,904 | €80,889 | €57,580 | ▼ 28.8% |
| Financial debts170/4 | - | €123,680 | €102,904 | €80,889 | €57,580 | ▼ 28.8% |
| Other amounts payable178/9 | - | €4,626 | €0 | - | - | - |
| Amounts payable within one year42/48 | €196,693 | €234,938 | €319,730 | €351,167 | €416,742 | ▲ 18.7% |
| Current portion of amounts payable after more than one year42 | - | €19,638 | €20,776 | €22,014 | €23,309 | ▲ 5.9% |
| Trade debts44 | €19 | €462 | €940 | €8,838 | €24,591 | ▲ 178% |
| Suppliers440/4 | - | €462 | €940 | €8,838 | €24,591 | ▲ 178% |
| Taxes, remuneration and social security45 | - | €3,192 | €2,979 | €10,252 | €7,252 | ▼ 29.3% |
| Taxes450/3 | - | €3,192 | €2,979 | €10,252 | €7,252 | ▼ 29.3% |
| Other amounts payable47/48 | - | €211,646 | €295,035 | €310,064 | €361,590 | ▲ 16.6% |
| Accrued charges and deferred income492/3 | - | €5,758 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€88,418 | -€10,762 | -€11,412 | €40,281 | €39,377 | ▼ 2.2% |
| + Depreciation and write-downs630 | €24,938 | €24,519 | €17,360 | €6,720 | €6,501 | ▼ 3.3% |
| Operating cash flow (approximation) | -€63,480 | €13,757 | €5,947 | €47,001 | €45,878 | ▼ 2.4% |
| Investment in fixed assets (approximation) | - | €0 | €2,906 | -€13,625 | €0 | ▲ 100% |
| Change in cash | - | -€25,100 | €16,185 | -€311,616 | -€8,689 | ▲ 97.2% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €150,000Eq €176,989 ▲28.6%
2 profitable years in a row build equity to €176,989.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €40,281
Net result €40,281 after 4 loss-making years.
31-03
Financial
Equity above €100,000Eq €137,612 ▲41.4%
Equity rises from €97,331 to €137,612.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
31-03
Financial
Weakest financial yearnet -€146,259
Net result drops to -€146,259, the lowest in the series; recovery starts the following year.
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Zonhoven · 1 establishment unit since 1982
Ground area
8,936 m²
Building footprint
1,279 m²
Volume, LiDAR
7,716 m³
Parcel 71442C1095/00H000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
HANGAR 63
since 19822.020.958.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442C1095/00H000 | Flanders | 8,936 m² | 1 · 1,278 m² | 6.6 m · 2 fl. |
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.
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POPIMMO
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COIFIMMO 777
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IMMO LISENS
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,734 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
Founded25-08-1982
Fiscal year end31-03
Activities, NACEBEL 2025
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
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423110436
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.