BOVAN
ActiveSummary
BOVAN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,768 and a net result of €13,759. Equity is shrinking by ~19% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+21
Solvency41▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 83.7% and cash: 1% of total assets), and 83.7% of the assets are financed with debt.
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Signals
Six 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
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
16.3%
Return on assets
6.1%
Age of the figures
12 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 €36,768
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
22 d early
2023
28 d early
2022
30 d early
2021
2 d early
2020
on the day
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€36,768▲ 59.8%
2024 · €23,009
Total assets
€225,969▲ 2.3%
2024 · €220,885
Net result
€13,759
2024 · -€5,207
Working capital
-€185,079▲ 4.0%
2024 · -€192,807
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-€13,447-€10,887▲ 19.0%-€14,211▼ 30.5%-€3,697▲ 74.0%€15,123
Net result-€14,477-€9,702▲ 33.0%-€15,291▼ 57.6%-€5,207▲ 65.9%€13,759
Equity€53,210▼ 21.4%€43,508▼ 18.2%€28,217▼ 35.1%€23,009▼ 18.5%€36,768▲ 59.8%
Total assets€158,795▲ 12.6%€183,445▲ 15.5%€199,848▲ 8.9%€220,885▲ 10.5%€225,969▲ 2.3%
Debt€105,585▲ 43.9%€139,937▲ 32.5%€171,632▲ 22.6%€197,875▲ 15.3%€189,201▼ 4.4%
Working capital-€97,053▼ 60.1%-€133,874▼ 37.9%-€163,058▼ 21.8%-€192,807▼ 18.2%-€185,079▲ 4.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15,123 after a loss of €3,697 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225,969
Fixed assets
€221,847 ▲ 2.8%
Current assets
€4,123 ▼ 18.7%
Equity and liabilities €225,969
Equity
€36,768 ▲ 59.8%
Debt
€189,201 ▼ 4.4%
Debt's share of the balance-sheet total falls from 89.6% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.02▼
2024 · 0.03
Debt to equity
5.15▼
2024 · 8.60
ROE
37.4%▲
2024 · -22.6%
ROA
6.1%▲
2024 · -2.4%
Debt ≤ 1 year
€189,201▼
2024 · €197,875
Income taxes
€952▼
2024 · €1,121
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 3,811 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,217 | - |
| Other operating charges640/8 | €9,343 | €3,314 | €3,118 | €3,010 | €4,241 | ▲ 40.9% |
| Gross operating margin9900 | -€4,104 | -€7,573 | -€11,093 | -€688 | €19,363 | ▲ 2,915% |
| Operating profit (loss)9901 | -€13,447 | -€10,887 | -€14,211 | -€3,697 | €15,123 | ▲ 509% |
| Financial income75/76B | - | €2,435 | €138 | €0 | €0 | ▼ 97.5% |
| Recurring financial income75 | - | €2,435 | €138 | €0 | €0 | ▼ 97.5% |
| Financial charges65/66B | €251 | €279 | €324 | €389 | €412 | ▲ 5.8% |
| Recurring financial charges65 | €251 | €279 | €324 | €389 | €412 | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | -€13,698 | -€8,731 | -€14,397 | -€4,086 | €14,711 | ▲ 460% |
| Income taxes67/77 | €779 | €971 | €894 | €1,121 | €952 | ▼ 15.1% |
| Profit (loss) for the period9904 | -€14,477 | -€9,702 | -€15,291 | -€5,207 | €13,759 | ▲ 364% |
| Profit (loss) for the period to be appropriated9905 | -€14,477 | -€9,702 | -€15,291 | -€5,207 | €13,759 | ▲ 364% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,795 | €183,445 | €199,848 | €220,885 | €225,969 | ▲ 2.3% |
| Fixed assets21/28 | €150,263 | €177,381 | €191,275 | €215,816 | €221,847 | ▲ 2.8% |
| Tangible fixed assets22/27 | €150,263 | €177,381 | €191,275 | €215,816 | €221,847 | ▲ 2.8% |
| Land and buildings22 | €150,263 | €176,710 | €187,693 | €197,342 | €203,373 | ▲ 3.1% |
| Plant, machinery and equipment23 | - | €671 | €3,582 | €3,582 | €3,582 | = |
| Furniture and vehicles24 | - | - | - | €14,892 | €14,892 | = |
| Current assets29/58 | €8,531 | €6,064 | €8,573 | €5,068 | €4,123 | ▼ 18.7% |
| Amounts receivable within one year40/41 | €2,564 | €3,147 | €2,392 | €741 | €1,244 | ▲ 68.0% |
| Other amounts receivable41 | €2,564 | €3,147 | €2,392 | €741 | €1,244 | ▲ 68.0% |
| Cash at bank and in hand54/58 | €5,182 | €1,434 | €4,503 | €3,021 | €2,287 | ▼ 24.3% |
| Deferred charges and accrued income490/1 | €785 | €1,482 | €1,679 | €1,306 | €591 | ▼ 54.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,795 | €183,445 | €199,848 | €220,885 | €225,969 | ▲ 2.3% |
| Equity10/15 | €53,210 | €43,508 | €28,217 | €23,009 | €36,768 | ▲ 59.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €32,490 | €32,490 | €32,490 | €32,490 | €32,490 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €26,290 | €26,290 | €26,290 | €26,290 | €26,290 | = |
| Profit (loss) carried forward14 | -€41,280 | -€50,982 | -€66,273 | -€71,481 | -€57,722 | ▲ 19.2% |
| Amounts payable17/49 | €105,585 | €139,937 | €171,632 | €197,875 | €189,201 | ▼ 4.4% |
| Amounts payable within one year42/48 | €105,585 | €139,937 | €171,632 | €197,875 | €189,201 | ▼ 4.4% |
| Trade debts44 | €6,993 | €2,908 | €2,462 | €2,260 | €187 | ▼ 91.7% |
| Suppliers440/4 | €6,993 | €2,908 | €2,462 | €2,260 | €187 | ▼ 91.7% |
| Taxes, remuneration and social security45 | €7,372 | €1,840 | €5,513 | €8,407 | €11,068 | ▲ 31.7% |
| Taxes450/3 | €7,372 | €1,840 | €5,513 | €8,407 | €11,068 | ▲ 31.7% |
| Other amounts payable47/48 | €91,220 | €135,190 | €163,657 | €187,209 | €177,946 | ▼ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,477 | -€9,702 | -€15,291 | -€5,207 | €13,759 | ▲ 364% |
| Operating cash flow (approximation) | -€14,477 | -€9,702 | -€15,291 | -€5,207 | €13,759 | ▲ 364% |
| Investment in fixed assets (approximation) | - | -€27,118 | -€13,894 | -€24,541 | -€6,030 | ▲ 75.4% |
| Change in cash | - | -€3,747 | €3,068 | -€1,482 | -€733 | ▲ 50.5% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €13,759
Net result €13,759 after 4 loss-making years.
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €3,366
Net result €3,366 after one loss-making year.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-02
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 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, Alken · 1 establishment unit since 1999
Ground area
3,999 m²
Building footprint
513 m²
Volume, LiDAR
3,300 m³
2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Molenstraat 71, 3570 Alken
since 19992.045.915.882
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001B0663/00N000 | Flanders | 2,632 m² | 1 · 287 m² | 11.0 m · 2 fl. |
| 73001B0656/00T000 | Flanders | 1,367 m² | 1 · 226 m² | 9.1 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded17-11-1989
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438993492
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.