BOVIAN
Open bankruptcyA bankruptcy procedure is open for BOVIAN according to publications in the Belgian State Gazette; curator: DEBORAH ES.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-07-2022, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
9 d early
2020
31 d late
2019
6 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€-76k▼ 49.1%
2020 · €-51k
2018: €-12k
2019: €4k
2020: €-51k
2018 → 2021
Total assets
€477k▼ 10.9%
2020 · €535k
2018: €580k
2019: €600k
2020: €535k
2018 → 2021
Net result
€-25k▲ 54.2%
2020 · €-55k
2018: €13k
2019: €15k
2020: €-55k
2018 → 2021
Working capital
€24k
2020 · €-72k
2018: €-38k
2019: €-22k
2020: €-72k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-12k-€4k€-51k€-76k▼ 49.1%
Operating result€23k-€17k▼ 24.6%€-44k€-15k▲ 66.3%
Net result€13k-€15k▲ 21.2%€-55k€-25k▲ 54.2%
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 €15k in 2021 against €44k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €477k
Fixed assets
€33k▼ 24.3%
Current assets
€444k▼ 9.7%
Key figures and ratios
EBITDA
€-4k▲
2020 · €-29k
Cash flow
€-15k▲
2020 · €-40k
Solvency
-15.9%▼
2020 · -9.5%
Current ratio
1.06▲
2020 · 0.87
Quick ratio
0.83▲
2020 · 0.64
Debt / equity
-7.27▼
2020 · -0.43
ROA
-5.2%▲
2020 · -10.2%
Interest coverage
-0.42
Debt
€553k▼
2020 · €586k
Debt ≤ 1 year
€421k▼
2020 · €565k
Debt > 1 year
€133k▲
2020 · €22k
Staff costs
€80k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€535k€477k▼
Fixed assets21/28€43k€33k▼
Tangible fixed assets22/27€43k€33k▼
Furniture and vehicles24-€13k
Other tangible fixed assets26-€20k
Current assets29/58€492k€444k▼
Stocks and contracts in progress3€130k€96k▼
Stocks30/36-€96k
Amounts receivable within one year40/41€343k€345k▲
Trade receivables40-€30k
Other amounts receivable41-€315k
Cash at bank and in hand54/58€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€535k€477k▼
Equity10/15€-51k€-76k▼
Contributions10/11-€123k
Reserves13€129k€129k=
Non-distributable reserves130/1-€6k
Reserves not available under the articles1311-€6k
Tax-exempt reserves132-€231
Distributable reserves133-€123k
Profit (loss) carried forward14€-302k€-327k▼
Amounts payable17/49€586k€553k▼
Amounts payable after more than one year17€22k€133k▲
Financial debts170/4-€133k
Amounts payable within one year42/48€565k€421k▼
Current portion of amounts payable after more than one year42-€13k
Financial debts43-€73k
Credit institutions430/8-€73k
Trade debts44€368k€314k▼
Suppliers440/4-€314k
Taxes, remuneration and social security45-€15k
Taxes450/3-€7k
Remuneration and social security454/9-€9k
Other amounts payable47/48-€5k
Income statement
Code20202021
Remuneration, social security and pensions62-€80k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€10k▼
Other operating charges640/8-€3k
Gross operating margin9900€52k€78k▲
Operating profit (loss)9901€-44k€-15k▲
Financial income75/76B-€272
Recurring financial income75€42€272▲
Financial charges65/66B-€10k
Recurring financial charges65€10k€10k▲
Profit (loss) for the period before taxes9903€-54k€-25k▲
Income taxes67/77€206-
Profit (loss) for the period9904€-55k€-25k▲
Profit (loss) for the period to be appropriated9905€-55k€-25k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-327k
Profit (loss) brought forward from the previous period14P-€-302k
Social balance
Average headcount (FTE)9087-4.0
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
22-03
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · BOVIAN BV NAAMSE- STEENWEG 29, 3052 BLANDEN · event 16-03-2023
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-55k ▼458%
Net result drops to €-55k, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
31-12
Financial
Highest result since 2018net €15k ▲21.2%
Net result €15k, the highest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
03-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 3 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DEBORAH ES KRAASBEEKSTRAAT 41, 3390 TIELT (BT.)- |
16-03-2023 → present |