BOVIJN
ActiveSummary
BOVIJN has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €446k and a net result of €64k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 58% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+1
Solvency78▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.09 in 2023; short-term debt: 29.2% and cash: 10.9% of total assets), and 46.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
27 d early
2022
33 d early
2021
34 d early
2020
42 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€446k▲ 16.8%
2023 · €382k
2018: €178k
2019: €162k
2020: €199k
2021: €235k
2022: €321k
2023: €382k
2018 → 2024
Total assets
€835k▼ 4.7%
2023 · €876k
2018: €593k
2019: €491k
2020: €525k
2021: €503k
2022: €901k
2023: €876k
2018 → 2024
Net result
€64k▲ 6.4%
2023 · €60k
2018: €-4k
2019: €-16k
2020: €37k
2021: €90k
2022: €126k
2023: €60k
2018 → 2024
Working capital
€73k▲ 231%
2023 · €22k
2018: €180k
2019: €171k
2020: €194k
2021: €130k
2022: €44k
2023: €22k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€199k-€235k▲ 18.3%€321k▲ 36.5%€382k▲ 18.8%€446k▲ 16.8%
Operating result€44k-€122k▲ 175%€157k▲ 29.1%€87k▼ 44.5%€102k▲ 16.5%
Net result€37k-€90k▲ 139%€126k▲ 40.6%€60k▼ 52.1%€64k▲ 6.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 17% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €835k
Fixed assets
€519k ▼ 13.7%
Current assets
€317k ▲ 15.1%
Equity and liabilities €835k
Equity
€446k ▲ 16.8%
Debt
€390k ▼ 21.2%
Debt's share of the balance-sheet total falls from 56.4% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189k▲
2023 · €166k
Cash flow
€152k▲
2023 · €139k
Current ratio
1.30▲
2023 · 1.09
Quick ratio
1.28▲
2023 · 1.06
Debt to equity
0.87▼
2023 · 1.30
ROE
14.4%▼
2023 · 15.8%
ROA
7.7%▲
2023 · 6.9%
Interest coverage
15.91▲
2023 · 14.57
Debt ≤ 1 year
€244k▼
2023 · €253k
Debt > 1 year
€140k▼
2023 · €241k
Income taxes
€26k▲
2023 · €16k
Staff costs
€86k▲
2023 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€876k€835k▼
Fixed assets21/28€601k€519k▼
Tangible fixed assets22/27€600k€516k▼
Land and buildings22€97k€91k▼
Plant, machinery and equipment23€305k€269k▼
Furniture and vehicles24€199k€156k▼
Financial fixed assets28€540€3k▲
Current assets29/58€275k€317k▲
Stocks and contracts in progress3€8k€4k▼
Stocks30/36€8k€4k▼
Amounts receivable within one year40/41€72k€71k▼
Trade receivables40€57k€65k▲
Other amounts receivable41€15k€5k▼
Current investments50/53€165k€140k▼
Cash at bank and in hand54/58€17k€91k▲
Deferred charges and accrued income490/1€14k€11k▼
Equity and liabilities
Total equity and liabilities10/49€876k€835k▼
Equity10/15€382k€446k▲
Contributions10/11€49k€49k=
Reserves13€332k€397k▲
Non-distributable reserves130/1-€64k
Other1319-€64k
Tax-exempt reserves132€11k€11k=
Distributable reserves133€322k€322k=
Amounts payable17/49€494k€390k▼
Amounts payable after more than one year17€241k€140k▼
Financial debts170/4€241k€140k▼
Amounts payable within one year42/48€253k€244k▼
Current portion of amounts payable after more than one year42€102k€101k▼
Trade debts44€45k€31k▼
Suppliers440/4€45k€31k▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€104k€93k▼
Accrued charges and deferred income492/3-€6k
Income statement
Code20232024
Remuneration, social security and pensions62€68k€86k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€88k▲
Other operating charges640/8€5k€8k▲
Gross operating margin9900€239k€283k▲
Operating profit (loss)9901€87k€102k▲
Financial income75/76B€47€246▲
Recurring financial income75€47€246▲
Financial charges65/66B€11k€12k▲
Recurring financial charges65€11k€12k▲
Profit (loss) for the period before taxes9903€76k€90k▲
Income taxes67/77€16k€26k▲
Profit (loss) for the period9904€60k€64k▲
Profit (loss) for the period to be appropriated9905€60k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€60k€64k▲
Transfer to equity691/2€60k€64k▲
To other reserves6921€60k€64k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €126k ▲40.6%
Operating result €157k, net result €126k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €235k ▲18.3%
2 profitable years in a row build equity to €235k.
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €37k
Net result €37k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tielt · 1 establishment unit since 1983
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.
Ruiseleedsesteenweg 988700 TieltGround area
2,211 m²
Building footprint
148 m²
Volume, LiDAR
1,079 m³
Parcel 37004C0165/00A002, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOVIJN
since 19832.021.740.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37004C0165/00A002 | Flanders | 2,211 m² | 1 · 148 m² | 10.9 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 395 EUR awarded · 63 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 332 EUR | 0 EUR |
| 2024 | 1 | 63 EUR | 63 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 2,247 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1982
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43110Demolition
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.