BOVAN
ActiveSummary
BOVAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €420k and a net result of €24k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74=
Solvency99▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.8 in 2024; short-term debt: 25.3% and cash: 6.9% of total assets), and 25.9% of the assets are financed with debt.
Credit check for your own amount and term
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
74.1%
Return on assets
4.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
2023
on the day
2022
4 d early
2021
4 d early
2020
1 d early
2019
91 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€420k▲ 6.2%
2024 · €395k
2018: €325klowest in 8 years
2019: €327k▲ +0.5% vs 2018
2020: €344k▲ +5.2% vs 2019
2021: €360k▲ +4.6% vs 2020
2022: €361k▲ +0.4% vs 2021
2023: €371k▲ +2.9% vs 2022
2024: €395k▲ +6.4% vs 2023
2025: €420k▲ +6.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€567k▼ 1.5%
2024 · €575k
2018: €650khighest in 8 years
2019: €631k▼ -3.0% vs 2018
2020: €626k▼ -0.7% vs 2019
2021: €614k▼ -2.0% vs 2020
2022: €599k▼ -2.4% vs 2021
2023: €568k▼ -5.2% vs 2022
2024: €575k▲ +1.2% vs 2023
2025: €567k▼ -1.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€24k▼ 3.3%
2024 · €25k
2018: €5k
2019: €3k▼ -34.1% vs 2018lowest in 8 years
2020: €19k▲ +456% vs 2019
2021: €17k▼ -6.5% vs 2020
2022: €8k▼ -56.6% vs 2021
2023: €12k▲ +57.9% vs 2022
2024: €25k▲ +113% vs 2023highest in 8 years
2025: €24k▼ -3.3% vs 2024
2018 → 2025
Working capital
€-26k▲ 18.9%
2024 · €-32k
2018: €-127klowest in 8 years
2019: €-44k▲ +65.5% vs 2018
2020: €-45k▼ -3.6% vs 2019
2021: €-41k▲ +8.7% vs 2020
2022: €-19k▲ +54.1% vs 2021highest in 8 years
2023: €-30k▼ -56.5% vs 2022
2024: €-32k▼ -7.4% vs 2023
2025: €-26k▲ +18.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€360k-€361k▲ 0.4%€371k▲ 2.9%€395k▲ 6.4%€420k▲ 6.2%
2021: €360klowest in 5 years
2022: €361k▲ +0.4% vs 2021
2023: €371k▲ +2.9% vs 2022
2024: €395k▲ +6.4% vs 2023
2025: €420k▲ +6.2% vs 2024highest in 5 years
Operating result€27k-€12k▼ 53.4%€19k▲ 51.5%€39k▲ 108%€36k▼ 7.7%
2021: €27k
2022: €12k▼ -53.4% vs 2021lowest in 5 years
2023: €19k▲ +51.5% vs 2022
2024: €39k▲ +108% vs 2023highest in 5 years
2025: €36k▼ -7.7% vs 2024
Net result€17k-€8k▼ 56.6%€12k▲ 57.9%€25k▲ 113%€24k▼ 3.3%
2021: €17k
2022: €8k▼ -56.6% vs 2021lowest in 5 years
2023: €12k▲ +57.9% vs 2022
2024: €25k▲ +113% vs 2023highest in 5 years
2025: €24k▼ -3.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567k
Fixed assets
€449k ▼ 0.4%
Current assets
€117k ▼ 5.3%
Equity and liabilities €567k
Equity
€420k ▲ 6.2%
Debt
€147k ▼ 18.3%
Debt's share of the balance-sheet total falls from 31.3% to 25.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▼
2024 · €41k
Cash flow
€26k▼
2024 · €27k
Current ratio
0.82▲
2024 · 0.80
Quick ratio
0.34▲
2024 · 0.34
Debt to equity
0.35▼
2024 · 0.46
ROE
5.8%▼
2024 · 6.4%
ROA
4.3%▼
2024 · 4.4%
Interest coverage
14.97▼
2024 · 17.15
Debt ≤ 1 year
€143k▼
2024 · €156k
Debt > 1 year
€4k▼
2024 · €24k
Income taxes
€9k▼
2024 · €12k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€575k€567k▼
Fixed assets21/28€451k€449k▼
Tangible fixed assets22/27€451k€449k▼
Land and buildings22€449k€447k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€0€0=
Financial fixed assets28€494€494=
Current assets29/58€124k€117k▼
Stocks and contracts in progress3€71k€68k▼
Stocks30/36€71k€68k▼
Amounts receivable within one year40/41€28k€9k▼
Trade receivables40€21k€9k▼
Other amounts receivable41€7k-
Cash at bank and in hand54/58€24k€39k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€575k€567k▼
Equity10/15€395k€420k▲
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€62k
Revaluation surpluses12€261k€261k=
Reserves13€72k€97k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€66k€91k▲
Profit (loss) carried forward14€495-
Amounts payable17/49€180k€147k▼
Amounts payable after more than one year17€24k€4k▼
Financial debts170/4€24k€4k▼
Amounts payable within one year42/48€156k€143k▼
Current portion of amounts payable after more than one year42€25k€24k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€14k€14k▲
Suppliers440/4€14k€14k▲
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€6k▼
Other amounts payable47/48€106k€100k▼
Accrued charges and deferred income492/3€200€200=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€6k€8k▲
Non-recurring operating charges66A€50-
Gross operating margin9900€47k€46k▼
Operating profit (loss)9901€39k€36k▼
Financial income75/76B€943€74▼
Recurring financial income75€943€74▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€38k€34k▼
Income taxes67/77€12k€9k▼
Profit (loss) for the period9904€25k€24k▼
Profit (loss) for the period to be appropriated9905€25k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€25k▼
Profit (loss) brought forward from the previous period14P€462€495▲
Transfer to equity691/2€24k€25k▲
To other reserves6921€24k€25k▲
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €2k | €2k | €2k | ▼ 6.8% |
| Other operating charges640/8 | €6k | €6k | €7k | €6k | €8k | ▲ 39.7% |
| Non-recurring operating charges66A | - | - | - | €50 | - | - |
| Gross operating margin9900 | €37k | €24k | €28k | €47k | €46k | ▼ 2.1% |
| Operating profit (loss)9901 | €27k | €12k | €19k | €39k | €36k | ▼ 7.7% |
| Financial income75/76B | €207 | €822 | €383 | €943 | €74 | ▼ 92.2% |
| Recurring financial income75 | €207 | €822 | €383 | €943 | €74 | ▼ 92.2% |
| Financial charges65/66B | €2k | €2k | €2k | €2k | €3k | ▲ 5.8% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €3k | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | €25k | €11k | €17k | €38k | €34k | ▼ 10.7% |
| Income taxes67/77 | €8k | €3k | €5k | €12k | €9k | ▼ 25.8% |
| Profit (loss) for the period9904 | €17k | €8k | €12k | €25k | €24k | ▼ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €17k | €8k | €12k | €25k | €24k | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €614k | €599k | €568k | €575k | €567k | ▼ 1.5% |
| Fixed assets21/28 | €455k | €454k | €452k | €451k | €449k | ▼ 0.4% |
| Tangible fixed assets22/27 | €454k | €453k | €451k | €451k | €449k | ▼ 0.4% |
| Land and buildings22 | €449k | €451k | €450k | €449k | €447k | ▼ 0.3% |
| Plant, machinery and equipment23 | €1k | €940 | €752 | €2k | €2k | ▼ 25.6% |
| Furniture and vehicles24 | €5k | €774 | €276 | €0 | €0 | - |
| Financial fixed assets28 | €509 | €509 | €509 | €494 | €494 | = |
| Current assets29/58 | €159k | €145k | €116k | €124k | €117k | ▼ 5.3% |
| Stocks and contracts in progress3 | €103k | €105k | €84k | €71k | €68k | ▼ 4.2% |
| Stocks30/36 | €103k | €105k | €84k | €71k | €68k | ▼ 4.2% |
| Amounts receivable within one year40/41 | €13k | €17k | €16k | €28k | €9k | ▼ 69.6% |
| Trade receivables40 | €4k | €6k | €8k | €21k | €9k | ▼ 59.5% |
| Other amounts receivable41 | €8k | €12k | €8k | €7k | - | - |
| Cash at bank and in hand54/58 | €40k | €20k | €13k | €24k | €39k | ▲ 66.3% |
| Deferred charges and accrued income490/1 | €4k | €3k | €3k | €1k | €2k | ▲ 47.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €614k | €599k | €568k | €575k | €567k | ▼ 1.5% |
| Equity10/15 | €360k | €361k | €371k | €395k | €420k | ▲ 6.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | - | €62k | - |
| Issued capital100 | €62k | €62k | €62k | - | €62k | - |
| Revaluation surpluses12 | €261k | €261k | €261k | €261k | €261k | = |
| Reserves13 | €37k | €38k | €49k | €72k | €97k | ▲ 34.6% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | €6k | €6k | = |
| Distributable reserves133 | €31k | €32k | €42k | €66k | €91k | ▲ 37.9% |
| Profit (loss) carried forward14 | €318 | €358 | €462 | €495 | - | - |
| Amounts payable17/49 | €254k | €238k | €197k | €180k | €147k | ▼ 18.3% |
| Amounts payable after more than one year17 | €54k | €73k | €49k | €24k | €4k | ▼ 85.2% |
| Financial debts170/4 | €54k | €73k | €49k | €24k | €4k | ▼ 85.2% |
| Amounts payable within one year42/48 | €200k | €164k | €146k | €156k | €143k | ▼ 8.1% |
| Current portion of amounts payable after more than one year42 | €14k | €24k | €24k | €25k | €24k | ▼ 4.8% |
| Financial debts43 | - | €5k | €3k | €3k | - | - |
| Credit institutions430/8 | - | €5k | €3k | €3k | - | - |
| Trade debts44 | €15k | €13k | €14k | €14k | €14k | ▲ 2.3% |
| Suppliers440/4 | €15k | €13k | €14k | €14k | €14k | ▲ 2.3% |
| Taxes, remuneration and social security45 | €10k | €9k | €3k | €9k | €6k | ▼ 30.3% |
| Taxes450/3 | €10k | €9k | €3k | €9k | €6k | ▼ 30.3% |
| Other amounts payable47/48 | €161k | €114k | €103k | €106k | €100k | ▼ 5.9% |
| Accrued charges and deferred income492/3 | €274 | €225 | €2k | €200 | €200 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €8k | €12k | €25k | €24k | ▼ 3.3% |
| + Depreciation and write-downs630 | €5k | €5k | €2k | €2k | €2k | ▼ 6.8% |
| Operating cash flow (approximation) | €22k | €13k | €14k | €27k | €26k | ▼ 3.6% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-20k | €-6k | €10k | €16k | ▲ 54.6% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €25k ▲113%
Operating result €39k, net result €25k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €3k ▼34.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lanaken · 1 establishment unit since 1990
Ground area
516 m²
Building footprint
489 m²
Volume, LiDAR
4,870 m³
Parcel 73042D0690/00N000, Flanders · tallest building 20.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RESIDENTIE BOVAN
since 19902.050.612.563
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73042D0690/00N000 | Flanders | 516 m² | 1 · 489 m² | 20.0 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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BE 0893.396.526
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OUDAR
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,890 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
Founded08-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.