Boveco
ActiveBoveco has been active since 1966 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324k and a net result of €6k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 73% of 7687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +42 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▲+10
Solvency99=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.72 against 2.77 in 2024), and 36.4% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
63.6%
Return on assets
1.2%
Age of the figures
8 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
51 d early
2023
49 d early
2022
59 d early
2021
61 d early
2020
95 d early
2019
1 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€324k▲ 1.9%
2024 · €318k
2018: €156k
2019: €156k
2020: €295k
2021: €293k
2022: €288k
2023: €346k
2024: €318k
2018 → 2025
Total assets
€510k▼ 0.4%
2024 · €512k
2018: €504k
2019: €596k
2020: €522k
2021: €512k
2022: €650k
2023: €527k
2024: €512k
2018 → 2025
Net result
€6k
2024 · €-29k
2018: €81k
2019: €113k
2020: €168k
2021: €143k
2022: €95k
2023: €58k
2024: €-29k
2018 → 2025
Working capital
€291k▲ 4.6%
2024 · €278k
2018: €132k
2019: €126k
2020: €194k
2021: €251k
2022: €279k
2023: €329k
2024: €278k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€293k-€288k▼ 1.7%€346k▲ 20.1%€318k▼ 8.3%€324k▲ 1.9%
Operating result€180k-€118k▼ 34.6%€73k▼ 38.2%€-29k€7k
Net result€143k-€95k▼ 33.5%€58k▼ 39.1%€-29k€6k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €29k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510k
Fixed assets
€49k▼ 34.7%
Current assets
€460k▲ 5.5%
Equity and liabilities €510k
Equity
€324k▲ 1.9%
Debt
€186k▼ 4.3%
The debt ratio falls from 37.9% to 36.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€39k▲
2024 · €5k
Cash flow
€39k▲
2024 · €5k
Solvency
63.6%▲
2024 · 62.1%
Current ratio
2.72▼
2024 · 2.77
Quick ratio
2.28▼
2024 · 2.34
Debt / equity
0.57▼
2024 · 0.61
ROE
1.9%▲
2024 · -9.0%
ROA
1.2%▲
2024 · -5.6%
Interest coverage
18.27▲
2024 · 1.35
Debt
€186k▼
2024 · €194k
Debt ≤ 1 year
€169k▲
2024 · €158k
Debt > 1 year
€13k▼
2024 · €26k
Income taxes
€496▼
2024 · €513
Staff costs
€684k▲
2024 · €625k
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€512k€510k▼
Fixed assets21/28€76k€49k▼
Intangible fixed assets21€3k€7k▲
Tangible fixed assets22/27€73k€43k▼
Land and buildings22€6k-
Plant, machinery and equipment23€13k€9k▼
Furniture and vehicles24€16k€8k▼
Leasing and similar rights25€35k€23k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€25€25=
Current assets29/58€436k€460k▲
Stocks and contracts in progress3€68k€74k▲
Stocks30/36€68k€74k▲
Amounts receivable within one year40/41€170k€142k▼
Trade receivables40€143k€110k▼
Other amounts receivable41€27k€31k▲
Cash at bank and in hand54/58€181k€225k▲
Deferred charges and accrued income490/1€18k€19k▲
Equity and liabilities
Total equity and liabilities10/49€512k€510k▼
Equity10/15€318k€324k▲
Contributions10/11€25k€25k=
Revaluation surpluses12€570€570=
Reserves13€292k€298k▲
Tax-exempt reserves132€54k€54k=
Distributable reserves133€239k€245k▲
Amounts payable17/49€194k€186k▼
Amounts payable after more than one year17€26k€13k▼
Financial debts170/4€26k€13k▼
Amounts payable within one year42/48€158k€169k▲
Current portion of amounts payable after more than one year42€17k€14k▼
Trade debts44€41k€57k▲
Suppliers440/4€41k€57k▲
Advances received on contracts in progress46€690-
Taxes, remuneration and social security45€33k€31k▼
Taxes450/3€5k€774▼
Remuneration and social security454/9€28k€30k▲
Other amounts payable47/48€66k€67k▲
Accrued charges and deferred income492/3€10k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€625k€684k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€590
Other operating charges640/8€7k€7k▼
Gross operating margin9900€637k€732k▲
Operating profit (loss)9901€-29k€7k▲
Financial income75/76B€4k€2k▼
Recurring financial income75€3k€2k▼
Non-recurring financial income76B€500-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-28k€7k▲
Income taxes67/77€513€496▼
Profit (loss) for the period9904€-29k€6k▲
Profit (loss) for the period to be appropriated9905€-29k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€6k▲
Transfer from equity791/2€29k-
Transfer to equity691/2-€6k
To other reserves6921-€6k
Social balance
Average headcount (FTE)908711.210.4▼
The notes to these accounts (15 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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-29k ▼149%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €168k ▲48.9%
Operating result €228k, net result €168k, both a record.
31-12
Financial
Equity above €200kEq €295k ▲89.4%
3 profitable years in a row build equity to €295k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
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
5 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, Deerlijk · 1 establishment unit since 1966
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.
Plantenweg 108540 DeerlijkGround area
2,117 m²
Building footprint
607 m²
Volume, LiDAR
1,713 m³
Parcel 34392D0041/00N000, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Plantenweg 10, 8540 Deerlijk
since 19662.038.124.210
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34392D0041/00N000 | Flanders | 2,117 m² | 1 · 607 m² | 4.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 91,427 EUR awarded · 91,251 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 24,925 EUR | 24,729 EUR |
| 2024 | 3 | 23,044 EUR | 23,044 EUR |
| 2023 | 2 | 23,373 EUR | 23,393 EUR |
| 2022 | 2 | 20,085 EUR | 20,085 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryBoveco BV42254
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
RENOVASTYL
BE 0879.452.775
Etterbeek · Eq €324k
TECHNICBOUW
BE 0822.944.238
Gent · Eq €323k
MORI CONSTRUCT
BE 0679.595.361
Koekelberg · Eq €325k
Wim Aerts
BE 0537.953.684
Westerlo · Eq €323k
GRYSPEERT SCHILDERWERKEN EN DECORATIE
BE 0466.855.852
Knokke-Heist · Eq €322k
Of 7,814 companies in sector 43341 we hold annual accounts for 2,639. 1,769 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1966
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43350Other building finishing work
45441
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.