Bovanco
ActiveBovanco has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-29k) and a net result of €-30k. Equity is shrinking by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+27
Solvency23▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.02 in 2024; short-term debt: 101.6% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.6%
Return on assets
-1.6%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-29k
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
60 d late
2023
27 d early
2022
21 d late
2021
24 d early
2020
38 d early
2019
44 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-29k
2024 · €1k
2018: €51k
2019: €59k
2020: €48k
2021: €39k
2022: €25k
2023: €9k
2024: €1k
2018 → 2025
Total assets
€1.84M▲ 2,914%
2024 · €61k
2018: €325k
2019: €106k
2020: €85k
2021: €71k
2022: €62k
2023: €45k
2024: €61k
2018 → 2025
Net result
€-30k▼ 293%
2024 · €-8k
2018: €10k
2019: €8k
2020: €-11k
2021: €-9k
2022: €-15k
2023: €-16k
2024: €-8k
2018 → 2025
Working capital
€-29k
2024 · €1k
2018: €52k
2019: €59k
2020: €48k
2021: €39k
2022: €26k
2023: €9k
2024: €1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€25k▼ 37.3%€9k▼ 64.5%€1k▼ 87.1%€-29k
Operating result€-9k-€-15k▼ 67.0%€-15k▼ 6.7%€-8k▲ 50.8%€-27k▼ 255%
Net result€-9k-€-15k▼ 66.0%€-16k▼ 8.7%€-8k▲ 52.1%€-30k▼ 293%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
-1.6%▼
2024 · 1.9%
Current ratio
0.98▼
2024 · 1.02
Quick ratio
0.02▼
2024 · 0.67
Debt / equity
-64.81▼
2024 · 52.97
ROA
-1.6%▲
2024 · -12.5%
Debt
€1.87M▲
2024 · €60k
Debt ≤ 1 year
€1.87M▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€61k€1.84M▲
Current assets29/58€61k€1.84M▲
Stocks and contracts in progress3€21k€1.79M▲
Stocks30/36€21k€1.79M▲
Amounts receivable within one year40/41€6k€25k▲
Trade receivables40€446€5k▲
Other amounts receivable41€5k€20k▲
Cash at bank and in hand54/58€16k€356▼
Deferred charges and accrued income490/1€18k€20k▲
Equity and liabilities
Total equity and liabilities10/49€61k€1.84M▲
Equity10/15€1k€-29k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-7k€-37k▼
Amounts payable17/49€60k€1.87M▲
Amounts payable within one year42/48€60k€1.87M▲
Trade debts44€60k€1.76M▲
Suppliers440/4€60k€1.76M▲
Other amounts payable47/48-€108k
Income statement
Code20242025
Other operating charges640/8€513€400▼
Gross operating margin9900€-7k€-27k▼
Operating profit (loss)9901€-8k€-27k▼
Financial charges65/66B€0€3k▲
Recurring financial charges65€0€3k▲
Profit (loss) for the period before taxes9903€-8k€-30k▼
Profit (loss) for the period9904€-8k€-30k▼
Profit (loss) for the period to be appropriated9905€-8k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-37k▼
Profit (loss) brought forward from the previous period14P€699€-7k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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.
Directors · office · real estate
Directors
6 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, Kortrijk
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beneluxpark(Kor) 298500 KortrijkGround area
2,929 m²
Building footprint
156 m²
Parcel 34354D0453/00A000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0453/00A000 | Flanders | 2,929 m² | 1 · 156 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,697 companies in sector 68121 we hold annual accounts for 7,381. 892 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2015
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.