BOVINKO
ActiveBOVINKO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €777k and a net result of €133k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 2262 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 14.17 against 13.22 in 2024; short-term debt: 4% and cash: 48.5% of total assets), and 4.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
95.7%
Return on assets
16.3%
Age of the figures
15 mo
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 30-06-2025 was due by 31-01-2026 and was filed on 04-12-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
32 d early
2023
1 d early
2022
on the day
2021
33 d early
2020
44 d early
2019
8 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 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€777k▲ 20.5%
2024 · €645k
2019: €213k
2020: €259k
2021: €368k
2022: €430k
2023: €530k
2024: €645k
2019 → 2025
Total assets
€812k▲ 19.9%
2024 · €678k
2019: €323k
2020: €362k
2021: €446k
2022: €491k
2023: €595k
2024: €678k
2019 → 2025
Net result
€133k▲ 14.6%
2024 · €116k
2019: €51k
2020: €46k
2021: €110k
2022: €63k
2023: €101k
2024: €116k
2019 → 2025
Working capital
€426k▲ 41.2%
2024 · €302k
2019: €94k
2020: €124k
2021: €228k
2022: €290k
2023: €190k
2024: €302k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€368k-€430k▲ 16.8%€530k▲ 23.4%€645k▲ 21.7%€777k▲ 20.5%
Operating result€148k-€85k▼ 42.7%€138k▲ 62.1%€154k▲ 11.5%€181k▲ 17.8%
Net result€110k-€63k▼ 43.0%€101k▲ 61.6%€116k▲ 14.3%€133k▲ 14.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €812k
Fixed assets
€354k▲ 0.8%
Current assets
€458k▲ 40.4%
Equity and liabilities €812k
Equity
€777k▲ 20.5%
Debt
€35k▲ 8.2%
The debt ratio falls from 4.8% to 4.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€186k▲
2024 · €158k
Cash flow
€138k▲
2024 · €120k
Solvency
95.7%▲
2024 · 95.2%
Current ratio
14.17▲
2024 · 13.22
Quick ratio
14.17▲
2024 · 13.22
Debt / equity
0.05▼
2024 · 0.05
ROE
17.1%▼
2024 · 18.0%
ROA
16.3%▼
2024 · 17.1%
Interest coverage
530.02▲
2024 · 370.16
Debt
€35k▲
2024 · €33k
Debt ≤ 1 year
€32k▲
2024 · €25k
Debt > 1 year
€2k▼
2024 · €7k
Income taxes
€49k▲
2024 · €43k
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€678k€812k▲
Fixed assets21/28€351k€354k▲
Tangible fixed assets22/27€151k€154k▲
Land and buildings22€149k€144k▼
Furniture and vehicles24€3k€10k▲
Financial fixed assets28€200k€200k=
Current assets29/58€326k€458k▲
Amounts receivable within one year40/41€54k€60k▲
Trade receivables40€50k€59k▲
Other amounts receivable41€4k€800▼
Cash at bank and in hand54/58€269k€394k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€678k€812k▲
Equity10/15€645k€777k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€623k€755k▲
Amounts payable17/49€33k€35k▲
Amounts payable after more than one year17€7k€2k▼
Financial debts170/4€7k€2k▼
Amounts payable within one year42/48€25k€32k▲
Current portion of amounts payable after more than one year42€5k€5k=
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€9k€17k▲
Taxes450/3€7k€14k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€8k€8k▲
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€160k€187k▲
Operating profit (loss)9901€154k€181k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€427€351▼
Recurring financial charges65€427€351▼
Profit (loss) for the period before taxes9903€158k€182k▲
Income taxes67/77€43k€49k▲
Profit (loss) for the period9904€116k€133k▲
Profit (loss) for the period to be appropriated9905€116k€133k▲
Appropriation of the result
Profit (loss) to be appropriated9906€624k€756k▲
Profit (loss) brought forward from the previous period14P€508k€623k▲
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (13 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
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €133k ▲14.6%
Operating result €181k, net result €133k, both a record.
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 13.22
Current ratio from 4.66 to 13.22; short-term debt falls from €52k to €25k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €500kEq €530k ▲23.4%
5 profitable years in a row build equity to €530k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €46k ▼10%
Net result drops to €46k, the lowest in the series; recovery starts the following year.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-12
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, Kortrijk · 1 establishment unit since 2014
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.
't Hoge(Kor) 1148500 KortrijkGround area
1,326 m²
Building footprint
272 m²
Volume, LiDAR
1,451 m³
Parcel 34354D0408/00G002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOVINKO
since 20142.242.417.492
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0408/00G002 | Flanders | 1,326 m² | 1 · 272 m² | 8.2 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.
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Of 24,505 companies in sector 82990 we hold annual accounts for 9,396. 5,051 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2014
Fiscal year end30-06
Activities, NACEBEL
82990Other business support services
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0494120775