Parent and group
- DAVHOLD99.99%
Bovanco
ActiveSummary
The computed 12-month bankruptcy probability of Bovanco is 2.6% (moderate). The 2025 annual accounts show negative equity (-€28,835) and a net result of -€29,966. Equity has been shrinking by about 34% per year since 2018. Its solvency ranks better than 15% of 11,259 sector peers (NACE 68, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 15-01-2015 Normal situation
- Registered office
- 21 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Development of residential building projects NACE 68121and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Board and ownership
Board
- Centrimo ConstructDirector · since 20-06-2024 · permanent representative DESMET Jean-Luc
- VANNESTE Aaron Valere Jacques AlexisDirector · since 20-06-2024
Shareholders
- FIVANCO100%2025 annual accounts of FIVANCO
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.6%
Annual accounts 2025
- Gross margin
- -€26,697
- ▼ 275%
- Loss
- €29,966
- ▲ 293%
- Equity
- -€28,835
- Total assets
- €1.8m
- ▲ 30×
- Negative equity on 31-12-2025
Turnover not published (abbreviated format)
Score breakdownraises riskLiquidity: current ratio 0.98, cash €356, halvedNo registered site in the KBONegative equity -€28,835lowers riskSize: total assets €1.8mShow the evidence
Checked score
Score 2025
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 12% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency
23-4
equity -1.6% of total assets
Liquidity
0-33
short-term debt 101.6% · cash 0.0%
Profitability
33+27
return on assets -1.6%
Bankruptcy probability within 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%lowest value
01-2025: 0.8%● unchanged vs 12-2024lowest value
02-2025: 0.8%● unchanged vs 01-2025lowest value
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.8%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.4 percentage points vs 07-2025
09-2025: 1.8%▲ +0.4 percentage points vs 08-2025
10-2025: 2.9%▲ +1.1 percentage points vs 09-2025highest value
11-2025: 2.7%▼ -0.2 percentage points vs 10-2025
12-2025: 2.7%● unchanged vs 11-2025
01-2026: 2.8%▲ +0.1 percentage points vs 12-2025
02-2026: 2.8%● unchanged vs 01-2026
03-2026: 2.8%● unchanged vs 02-2026
04-2026: 2.7%▼ -0.1 percentage points vs 03-2026
05-2026: 2.5%▼ -0.2 percentage points vs 04-2026
06-2026: 2.4%▼ -0.1 percentage points vs 05-2026
07-2026: 2.5%▲ +0.1 percentage points vs 06-2026
08-2026: 2.7%▲ +0.2 percentage points vs 07-2026
09-2026: 2.7%● unchanged vs 08-2026
10-2026: 2.6%▼ -0.1 percentage points vs 09-2026
11-2026: 2.6%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.98 (1.02 in 2024), below 1. Short-term debt is 101.6% and cash 0% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 18% of them on solvency, 1% on liquidity, 29% on profitability and 1% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
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 -€28,835
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 days early
2024
60 days late
2023
27 days early
2022
21 days late
2021
24 days early
2020
38 days early
2019
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Company renamed from Dam 73 to BovancoRegistered office moved from Deerlijk to Kortrijk · Resignations: FIVANCO (director) and CENTRIMO (director) · Appointments: FIVANCO, CENTRIMO CONSTRUCT and VANNESTE Aaron Valere Jacques Alexis
- · Gazette deed Changes of role: Fivanco (director) and Centrimo (director)Permanent representatives: David Vanbiervliet and Jean-Luc Desmet
- · Gazette deed Incorporation
Companies linked to Bovanco
Comparable companies
These companies have the same main activity as Bovanco: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.6m and €2.5m, founded between 2013 and 2016.
| Company | Total assets | Gross margin |
|---|---|---|
| Bovanco Kortrijk | €1.8m | -€0.03m |
| BeKZ Knokke-Heist | €1.8m | -€0.04m |
| Kubiek³ Ledegem | €2.3m | -€0.1m |
| KOS BOUW Koksijde | €1.6m | -€0.002m |
| 2D Nieuwpoort | €2.1m | -€0.01m |
| GLOBAL REX Oostkamp | €2.5m | -€0.02m |
| Van Eetvelde Bouwprojecten Stekene | €1.9m | -€0.07m |
Key facts about Bovanco
- What is the company number of Bovanco?
- The company number of Bovanco is 0568.756.728. The VAT number is the same number with BE in front: BE 0568.756.728.
- Where is Bovanco based?
- The registered office is at Beneluxpark(Kor) 29, 8500 Kortrijk.Company details
- What does Bovanco do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Bovanco?
- The legal form of Bovanco is Private limited company (BV).
- When was Bovanco founded?
- Bovanco was founded on 15-01-2015.
- Is Bovanco still active?
- Yes, Bovanco is an active enterprise in the KBO register.
- What is the turnover of Bovanco?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is Bovanco profitable?
- In financial year 2025, Bovanco made a loss of €29,966.
- Where can I find the annual accounts of Bovanco?
- Bovanco filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bovanco due?
- Bovanco must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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