BOVAN BUILDING
ActiveSummary
BOVAN BUILDING has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €379k and a net result of €1k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-27
Solvency59▼-20
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.16 in 2024; short-term debt: 65.6% and cash: 3.6% of total assets), but 65.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
34.4%
Return on assets
0.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
6 d early
2022
7 d early
2021
28 d late
2020
5 d early
2019
72 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€379k▲ 0.3%
2024 · €378k
2019: €657khighest value
2021: €204klowest value
2022: €235k▲ +15.2% vs 2021
2023: €320k▲ +36.4% vs 2022
2024: €378k▲ +18.1% vs 2023
2025: €379k▲ +0.3% vs 2024
2019 → 2025
Total assets
€1.10M▲ 57.4%
2024 · €699k
2019: €663klowest value
2021: €784k
2022: €686k▼ -12.5% vs 2021
2023: €931k▲ +35.7% vs 2022
2024: €699k▼ -24.9% vs 2023
2025: €1.10M▲ +57.4% vs 2024highest value
2019 → 2025
Net result
€1k▼ 98.0%
2024 · €58k
2019: €-12klowest value
2021: €34k
2022: €31k▼ -7.6% vs 2021
2023: €85k▲ +176% vs 2022highest value
2024: €58k▼ -32.3% vs 2023
2025: €1k▼ -98.0% vs 2024
2019 → 2025
Working capital
€376k▲ 0.6%
2024 · €373k
2019: €657khighest value
2021: €195klowest value
2022: €212k▲ +8.5% vs 2021
2023: €320k▲ +51.0% vs 2022
2024: €373k▲ +16.8% vs 2023
2025: €376k▲ +0.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€204k-€235k▲ 15.2%€320k▲ 36.4%€378k▲ 18.1%€379k▲ 0.3%
2021: €204klowest in 5 years
2022: €235k▲ +15.2% vs 2021
2023: €320k▲ +36.4% vs 2022
2024: €378k▲ +18.1% vs 2023
2025: €379k▲ +0.3% vs 2024highest in 5 years
Operating result€61k-€63k▲ 3.4%€153k▲ 143%€117k▼ 23.4%€25k▼ 78.9%
2021: €61k
2022: €63k▲ +3.4% vs 2021
2023: €153k▲ +143% vs 2022highest in 5 years
2024: €117k▼ -23.4% vs 2023
2025: €25k▼ -78.9% vs 2024lowest in 5 years
Net result€34k-€31k▼ 7.6%€85k▲ 176%€58k▼ 32.3%€1k▼ 98.0%
2021: €34k
2022: €31k▼ -7.6% vs 2021
2023: €85k▲ +176% vs 2022highest in 5 years
2024: €58k▼ -32.3% vs 2023
2025: €1k▼ -98.0% vs 2024lowest in 5 years
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 has fallen two years in a row; 2025 is 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€3k ▼ 26.6%
Current assets
€1.10M ▲ 57.9%
Equity and liabilities €1.10M
Equity
€379k ▲ 0.3%
Debt
€721k ▲ 124%
Debt's share of the balance-sheet total rises from 46.0% to 65.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2024 · €120k
Cash flow
€3k▼
2024 · €61k
Current ratio
1.52▼
2024 · 2.16
Quick ratio
0.63▼
2024 · 1.07
Debt to equity
1.90▲
2024 · 0.85
ROE
0.3%▼
2024 · 15.3%
ROA
0.1%▼
2024 · 8.3%
Interest coverage
1.28▼
2024 · 3.37
Debt ≤ 1 year
€721k▲
2024 · €321k
Income taxes
€3k▼
2024 · €24k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€699k€1.10M▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€1k€293▼
Other tangible fixed assets26€0-
Current assets29/58€695k€1.10M▲
Stocks and contracts in progress3€351k€643k▲
Stocks30/36€351k€643k▲
Amounts receivable within one year40/41€32k€406k▲
Trade receivables40€32k€392k▲
Other amounts receivable41€42€15k▲
Cash at bank and in hand54/58€302k€40k▼
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€699k€1.10M▲
Equity10/15€378k€379k▲
Contributions10/11€120k€120k=
Reserves13€276k€276k=
Distributable reserves133€276k€276k=
Profit (loss) carried forward14€-18k€-17k▲
Amounts payable17/49€321k€721k▲
Amounts payable within one year42/48€321k€721k▲
Financial debts43€234k€595k▲
Credit institutions430/8€234k€595k▲
Trade debts44€36k€46k▲
Suppliers440/4€36k€46k▲
Taxes, remuneration and social security45€8k€81k▲
Taxes450/3€8k€81k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€43k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€121k€28k▼
Operating profit (loss)9901€117k€25k▼
Financial income75/76B€5€148▲
Recurring financial income75€5€148▲
Financial charges65/66B€36k€21k▼
Recurring financial charges65€36k€21k▼
Profit (loss) for the period before taxes9903€82k€4k▼
Income taxes67/77€24k€3k▼
Profit (loss) for the period9904€58k€1k▼
Profit (loss) for the period to be appropriated9905€58k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€-17k▼
Profit (loss) brought forward from the previous period14P€-18k€-18k=
Transfer to equity691/2€58k€0▼
To other reserves6921€58k€0▼
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €88 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €3k | €2k | ▼ 18.0% |
| Other operating charges640/8 | - | €759 | €754 | €1k | €1k | ▼ 1.0% |
| Gross operating margin9900 | €64k | €67k | €157k | €121k | €28k | ▼ 76.6% |
| Operating profit (loss)9901 | €61k | €63k | €153k | €117k | €25k | ▼ 78.9% |
| Financial income75/76B | - | €2 | €0 | €5 | €148 | ▲ 2,805% |
| Recurring financial income75 | €5 | €2 | €0 | €5 | €148 | ▲ 2,805% |
| Financial charges65/66B | - | €17k | €31k | €36k | €21k | ▼ 40.5% |
| Recurring financial charges65 | €8k | €17k | €31k | €36k | €21k | ▼ 40.5% |
| Profit (loss) for the period before taxes9903 | €52k | €46k | €122k | €82k | €4k | ▼ 95.5% |
| Income taxes67/77 | €19k | €15k | €37k | €24k | €3k | ▼ 89.4% |
| Profit (loss) for the period9904 | €34k | €31k | €85k | €58k | €1k | ▼ 98.0% |
| Profit (loss) for the period to be appropriated9905 | €34k | €31k | €85k | €58k | €1k | ▼ 98.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €784k | €686k | €931k | €699k | €1.10M | ▲ 57.4% |
| Fixed assets21/28 | €8k | €30k | €6k | €4k | €3k | ▼ 26.6% |
| Tangible fixed assets22/27 | €8k | €30k | €6k | €4k | €3k | ▼ 26.6% |
| Plant, machinery and equipment23 | - | €4k | €3k | €3k | €3k | ▼ 6.1% |
| Furniture and vehicles24 | - | €24k | €2k | €1k | €293 | ▼ 76.2% |
| Other tangible fixed assets26 | - | €1k | €634 | €0 | - | - |
| Current assets29/58 | €775k | €656k | €925k | €695k | €1.10M | ▲ 57.9% |
| Stocks and contracts in progress3 | €715k | €607k | €707k | €351k | €643k | ▲ 83.1% |
| Stocks30/36 | - | €607k | €707k | €351k | €643k | ▲ 83.1% |
| Amounts receivable within one year40/41 | €20k | €27k | €40k | €32k | €406k | ▲ 1,157% |
| Trade receivables40 | - | €26k | €36k | €32k | €392k | ▲ 1,113% |
| Other amounts receivable41 | - | €1k | €3k | €42 | €15k | ▲ 34,514% |
| Cash at bank and in hand54/58 | €38k | €20k | €168k | €302k | €40k | ▼ 86.8% |
| Deferred charges and accrued income490/1 | - | €2k | €11k | €9k | €8k | ▼ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €784k | €686k | €931k | €699k | €1.10M | ▲ 57.4% |
| Equity10/15 | €204k | €235k | €320k | €378k | €379k | ▲ 0.3% |
| Contributions10/11 | - | €120k | €120k | €120k | €120k | = |
| Reserves13 | €102k | €133k | €218k | €276k | €276k | = |
| Non-distributable reserves130/1 | - | €12k | - | - | - | - |
| Reserves not available under the articles1311 | - | €12k | - | - | - | - |
| Distributable reserves133 | - | €121k | €218k | €276k | €276k | = |
| Profit (loss) carried forward14 | €-18k | €-18k | €-18k | €-18k | €-17k | ▲ 6.3% |
| Amounts payable17/49 | €580k | €451k | €611k | €321k | €721k | ▲ 124% |
| Amounts payable within one year42/48 | €580k | €444k | €605k | €321k | €721k | ▲ 124% |
| Financial debts43 | - | €225k | €459k | €234k | €595k | ▲ 154% |
| Credit institutions430/8 | - | €225k | €459k | €234k | €595k | ▲ 154% |
| Trade debts44 | €201 | €11k | €22k | €36k | €46k | ▲ 25.9% |
| Suppliers440/4 | - | €11k | €22k | €36k | €46k | ▲ 25.9% |
| Taxes, remuneration and social security45 | - | €7k | €24k | €8k | €81k | ▲ 937% |
| Taxes450/3 | - | €4k | €21k | €8k | €81k | ▲ 937% |
| Remuneration and social security454/9 | - | €3k | €3k | €0 | - | - |
| Other amounts payable47/48 | - | €201k | €100k | €43k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €7k | €6k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €31k | €85k | €58k | €1k | ▼ 98.0% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €3k | €2k | ▼ 18.0% |
| Operating cash flow (approximation) | €35k | €34k | €88k | €61k | €3k | ▼ 94.3% |
| Investment in fixed assets (approximation) | - | €-25k | €21k | €-895 | €-1k | ▼ 33.2% |
| Change in cash | - | €-18k | €148k | €134k | €-262k | ▼ 295% |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €85k ▲176%
Operating result €153k, net result €85k, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-06
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-01
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 2 acts read
About the unread acts
We know of 2 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
2 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, Heusden-Zolder · 1 establishment unit since 2003
Ground area
1,464 m²
Building footprint
196 m²
Volume, LiDAR
1,249 m³
Parcel 71025A1273/00S000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kapelstraat 78, 3550 Heusden-Zolder
since 20032.127.181.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1273/00S000 | Flanders | 1,464 m² | 1 · 196 m² | 8.7 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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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,989 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
Founded04-03-2003
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.