BOVANRO
ActiveBOVANRO has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-3k. Equity is shrinking by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-15
Solvency88▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 3.85 in 2024; short-term debt: 37.3% and cash: 53.9% of total assets), and 37.3% of the assets are financed with debt.
Credit advice for your own amount and term
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
62.7%
Return on assets
-11%
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 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
53 d early
2023
55 d early
2022
42 d early
2021
5 d early
2020
5 d early
2019
60 d early
← before the deadline
after the deadline →
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 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 15.0%
2024 · €20k
2019: €40k
2021: €34k
2022: €27k
2023: €20k
2024: €20k
2019 → 2025
Total assets
€27k▲ 8.1%
2024 · €25k
2019: €40k
2021: €59k
2022: €42k
2023: €35k
2024: €25k
2019 → 2025
Net result
€-3k
2024 · €238
2019: €608
2021: €-5k
2022: €-7k
2023: €-7k
2024: €238
2019 → 2025
Working capital
€17k▲ 16.1%
2024 · €14k
2019: €25k
2021: €-2k
2022: €2k
2023: €6k
2024: €14k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€27k▼ 20.7%€20k▼ 27.5%€20k▲ 1.2%€17k▼ 15.0%
Operating result€-5k-€-7k▼ 54.2%€-7k▼ 6.3%€285€-3k
Net result€-5k-€-7k▼ 52.7%€-7k▼ 5.4%€238€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €285 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€135▼ 97.5%
Current assets
€27k▲ 37.5%
Equity and liabilities €27k
Equity
€17k▼ 15.0%
Debt
€10k▲ 98.8%
The debt ratio rises from 20.3% to 37.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €8k
Cash flow
€2k▼
2024 · €8k
Solvency
62.7%▼
2024 · 79.7%
Current ratio
2.67▼
2024 · 3.85
Quick ratio
2.25▼
2024 · 2.86
Debt / equity
0.60▲
2024 · 0.25
ROE
-17.6%▼
2024 · 1.2%
ROA
-11.0%▼
2024 · 1.0%
Interest coverage
33.09▼
2024 · 215.28
Debt
€10k▲
2024 · €5k
Debt ≤ 1 year
€10k▲
2024 · €5k
Income taxes
€0▼
2024 · €24
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€25k€27k▲
Fixed assets21/28€5k€135▼
Tangible fixed assets22/27€5k€0▼
Furniture and vehicles24€5k€0▼
Financial fixed assets28€135€135=
Current assets29/58€19k€27k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€4k€7k▲
Trade receivables40-€2k
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€9k€14k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€25k€27k▲
Equity10/15€20k€17k▼
Contributions10/11€19k€19k=
Reserves13€1k€846▼
Distributable reserves133€1k€846▼
Profit (loss) carried forward14-€-3k
Amounts payable17/49€5k€10k▲
Amounts payable within one year42/48€5k€10k▲
Trade debts44-€8
Suppliers440/4-€8
Taxes, remuneration and social security45€36€0▼
Taxes450/3€36€0▼
Other amounts payable47/48€5k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-198€0▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€10k€4k▼
Operating profit (loss)9901€285€-3k▼
Financial income75/76B€14€0▼
Recurring financial income75€14€0▼
Financial charges65/66B€38€72▲
Recurring financial charges65€38€72▲
Profit (loss) for the period before taxes9903€261€-3k▼
Income taxes67/77€24€0▼
Profit (loss) for the period9904€238€-3k▼
Profit (loss) for the period to be appropriated9905€238€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€238€-3k▼
Transfer from equity791/2€0€323▲
Transfer to equity691/2€238€0▼
To other reserves6921€238€0▼
The notes to these accounts (9 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
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €238
Net result €238 after 3 loss-making years.
30-06
Financial
Liquidity triplescurrent ratio 3.85
Current ratio from 1.42 to 3.85; short-term debt falls from €15k to €5k.
2023
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
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
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, Duffel · 1 establishment unit since 2011
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.
Oude Liersebaan 2042570 DuffelGround area
1,888 m²
Building footprint
242 m²
Volume, LiDAR
1,194 m³
Parcel 12302C0245/00F000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bovanro
since 20112.207.315.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302C0245/00F000 | Flanders | 1,888 m² | 1 · 242 m² | 7.8 m · 2 fl. |
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.
Similar companies · same sector, comparable size
Frespar
BE 1001.359.209
Haaltert · Eq €17k
MYOSOTIS
BE 0457.022.329
Edegem · Eq €17k
LA BELLE JARDINIERE
BE 0428.351.604
Seraing · Eq €17k
VISEFLOR
BE 0453.368.694
Visé · Eq €17k
DEN BLOEME WINKEL
BE 0862.385.428
Merksplas · Eq €17k
Of 3,387 companies in sector 47761 we hold annual accounts for 1,156. 585 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-05-1977
Fiscal year end30-06
Activities, NACEBEL
47761Retail sale of flowers, plants, seeds and fertilisers
01191Growing of flowers
46220Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.