BPV IMMO
ActiveSummary
BPV IMMO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,792 and a net result of €2,173. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 468 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-4
Solvency28▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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Signals
Seven 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
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
2.9%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 468 sector peers (2025).
NBB · sector comparisonPosition among 468 sector peers
Solvency
better than 9%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €5,792
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
27 d early
2023
61 d early
2022
54 d early
2021
62 d early
2020
10 d late
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 1 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,173▲ 1,443%
2024 · €141
Working capital
-€23,954▼ 1,176%
2024 · -€1,877
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,338▼ 45.1%€103,357▲ 363%€129,892▲ 25.7%€4,127▼ 96.8%€1,949▼ 52.8%
Net result€15,951within the sector's middle half▼ 56.8%€77,139within the sector's middle half▲ 384%€97,152within the sector's middle half▲ 25.9%€141within the sector's middle half▼ 99.9%€2,173within the sector's middle half▲ 1,443%
Equity€19,430below the sector's middle half▼ 41.1%€3,479below the sector's middle half▼ 82.1%€3,479below the sector's middle half=€3,620below the sector's middle half▲ 4.0%€5,792below the sector's middle half▲ 60.0%
Total assets€73,689below the sector's middle half▼ 37.5%€139,472below the sector's middle half▲ 89.3%€189,070below the sector's middle half▲ 35.6%€156,636below the sector's middle half▼ 17.2%€202,127below the sector's middle half▲ 29.0%
Debt€54,259▼ 36.1%€135,993▲ 151%€185,591▲ 36.5%€153,017▼ 17.6%€196,335▲ 28.3%
Working capital€19,430within the sector's middle half▼ 66.9%€3,479within the sector's middle half▼ 82.1%€3,479within the sector's middle half=-€1,877within the sector's middle half-€23,954below the sector's middle half▼ 1,176%
Solvency26.4%within the sector's middle half▼ 1.6pp2.5%below the sector's middle half▼ 23.9pp1.8%below the sector's middle half▼ 0.7pp2.3%below the sector's middle half▲ 0.5pp2.9%below the sector's middle half▲ 0.6pp
Current ratio1.36within the sector's middle half▼ 0.931.03within the sector's middle half▼ 0.331.02within the sector's middle half▼ 0.010.99within the sector's middle half▼ 0.030.87below the sector's middle half▼ 0.11
Return on assets (ROA)21.6%above the sector's middle half▼ 9.7pp55.3%above the sector's middle half▲ 33.7pp51.4%above the sector's middle half▼ 3.9pp0.1%within the sector's middle half▼ 51.3pp1.1%within the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 53% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202,127
Fixed assets
€35,745 ▲ 120%
Current assets
€166,382 ▲ 18.5%
Equity and liabilities €202,127
Equity
€5,792 ▲ 60.0%
Debt
€196,335 ▲ 28.3%
Debt's share of the balance-sheet total falls from 97.7% to 97.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,488▲
2024 · €7,456
Cash flow
€8,712▲
2024 · €3,469
Quick ratio
0.87▼
2024 · 0.99
Debt to equity
33.90▼
2024 · 42.27
ROE
37.5%▲
2024 · 3.9%
Interest coverage
5.41▼
2024 · 7.22
Debt ≤ 1 year
€190,336▲
2024 · €142,286
Debt > 1 year
€5,485▼
2024 · €9,987
Income taxes
-€953▼
2024 · €3,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,082 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
2.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,400 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3,329 | €6,539 | ▲ 96.5% |
| Other operating charges640/8 | €3,891 | €543 | €384 | €472 | €1,155 | ▲ 145% |
| Non-recurring operating charges66A | - | €2,380 | €833 | - | - | - |
| Gross operating margin9900 | €26,229 | €106,279 | €131,110 | €7,928 | €9,643 | ▲ 21.6% |
| Operating profit (loss)9901 | €22,338 | €103,357 | €129,892 | €4,127 | €1,949 | ▼ 52.8% |
| Financial income75/76B | €55 | €6 | €76 | €259 | €839 | ▲ 224% |
| Recurring financial income75 | €55 | €6 | €76 | €259 | €839 | ▲ 224% |
| Financial charges65/66B | €1,548 | €408 | €208 | €1,032 | €1,569 | ▲ 51.9% |
| Recurring financial charges65 | €1,548 | €408 | €208 | €1,032 | €1,569 | ▲ 51.9% |
| Profit (loss) for the period before taxes9903 | €20,845 | €102,955 | €129,761 | €3,354 | €1,219 | ▼ 63.6% |
| Income taxes67/77 | €4,894 | €25,816 | €32,608 | €3,213 | -€953 | ▼ 130% |
| Profit (loss) for the period9904 | €15,951 | €77,139 | €97,152 | €141 | €2,173 | ▲ 1,443% |
| Profit (loss) for the period to be appropriated9905 | €15,951 | €77,139 | €97,152 | €141 | €2,173 | ▲ 1,443% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,689 | €139,472 | €189,070 | €156,636 | €202,127 | ▲ 29.0% |
| Fixed assets21/28 | - | - | - | €16,227 | €35,745 | ▲ 120% |
| Intangible fixed assets21 | - | - | - | - | €21,210 | - |
| Tangible fixed assets22/27 | €0 | - | - | €16,227 | €11,234 | ▼ 30.8% |
| Leasing and similar rights25 | - | - | - | €16,227 | €11,234 | ▼ 30.8% |
| Financial fixed assets28 | - | - | - | - | €3,300 | - |
| Current assets29/58 | €73,689 | €139,472 | €189,070 | €140,409 | €166,382 | ▲ 18.5% |
| Stocks and contracts in progress3 | - | - | - | - | €509 | - |
| Stocks30/36 | - | - | - | - | €509 | - |
| Amounts receivable within one year40/41 | €29,168 | €40,191 | €46,912 | €47,110 | €84,983 | ▲ 80.4% |
| Trade receivables40 | €28,937 | €20,007 | €34,520 | €42,853 | €79,020 | ▲ 84.4% |
| Other amounts receivable41 | €231 | €20,184 | €12,392 | €4,257 | €5,963 | ▲ 40.1% |
| Cash at bank and in hand54/58 | €44,521 | €99,281 | €135,158 | €92,774 | €78,155 | ▼ 15.8% |
| Deferred charges and accrued income490/1 | - | - | €7,000 | €526 | €2,734 | ▲ 420% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,689 | €139,472 | €189,070 | €156,636 | €202,127 | ▲ 29.0% |
| Equity10/15 | €19,430 | €3,479 | €3,479 | €3,620 | €5,792 | ▲ 60.0% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €2,479 | €2,479 | €2,479 | €2,620 | €4,792 | ▲ 82.9% |
| Distributable reserves133 | €2,479 | €2,479 | €2,479 | €2,620 | €4,792 | ▲ 82.9% |
| Profit (loss) carried forward14 | €15,951 | - | - | - | - | - |
| Amounts payable17/49 | €54,259 | €135,993 | €185,591 | €153,017 | €196,335 | ▲ 28.3% |
| Amounts payable after more than one year17 | - | - | - | €9,987 | €5,485 | ▼ 45.1% |
| Financial debts170/4 | - | - | - | €9,987 | €5,485 | ▼ 45.1% |
| Amounts payable within one year42/48 | €54,259 | €135,993 | €185,591 | €142,286 | €190,336 | ▲ 33.8% |
| Current portion of amounts payable after more than one year42 | €8,663 | €4,357 | - | €1,934 | €3,342 | ▲ 72.8% |
| Trade debts44 | €20,808 | €20,299 | €73,223 | €137,976 | €143,715 | ▲ 4.2% |
| Suppliers440/4 | €20,808 | €20,299 | €73,223 | €137,976 | €142,094 | ▲ 3.0% |
| Bills of exchange payable441 | - | - | - | - | €1,621 | - |
| Taxes, remuneration and social security45 | €14,070 | €17,504 | €112,368 | €2,376 | €19,683 | ▲ 729% |
| Taxes450/3 | €14,070 | €17,504 | €14,472 | €2,376 | €19,683 | ▲ 729% |
| Remuneration and social security454/9 | - | - | €97,896 | - | - | - |
| Other amounts payable47/48 | €10,718 | €93,834 | - | - | €23,596 | - |
| Accrued charges and deferred income492/3 | - | - | - | €744 | €514 | ▼ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,951 | €77,139 | €97,152 | €141 | €2,173 | ▲ 1,443% |
| + Depreciation and write-downs630 | - | - | - | €3,329 | €6,539 | ▲ 96.5% |
| Operating cash flow (approximation) | €15,951 | €77,139 | €97,152 | €3,469 | €8,712 | ▲ 151% |
| Investment in fixed assets (approximation) | - | - | - | - | -€26,057 | - |
| Change in cash | - | €54,760 | €35,877 | -€42,384 | -€14,619 | ▲ 65.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-06
State Gazette act
Appointment: IT ONE SRL (director)Permanent representatives: Thomas-Lucas GERARD, Anne de Baer de Laer and Daniel Gérard · Resignations: ADH CONSULT Scomm, Anne de Baer de Laer and WINCH MANAGEMENT SRL · Shareholding11 facts ▸
State Gazette act
Appointment: IT ONE SRL (director)
Permanent representatives: Thomas-Lucas GERARD, Anne de Baer de Laer and Daniel Gérard · Resignations: ADH CONSULT Scomm, Anne de Baer de Laer and WINCH MANAGEMENT SRL · Shareholding11 facts ▸
- General meeting, 31-05-2026
- Shareholding, 31-05-2026, actions
- Director appointment, IT ONE SRL (director)
- Permanent representative, Thomas-Lucas GERARD (director)
- Director resignation, ADH CONSULT Scomm (managing director)
- Permanent representative, Anne de Baer de Laer
- Director resignation, Anne de Baer de Laer (day-to-day manager)
- Director resignation, WINCH MANAGEMENT SRL (director)
- Board meeting, désignation aux fonctions d'administrateurs-délégués à la gestion journalière, conseil d'administration
- Director in office, WINCH MANAGEMENT SRL (administrateur délégué à la gestion journalière)
- Permanent representative, Daniel Gérard
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €97,152 ▲25.9%
Operating result €129,892, net result €97,152, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
31-12
Financial
Back to profitnet €36,935
Net result €36,935 after one loss-making year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 47 days late
2019
31-12
Financial
Weakest financial yearnet -€31,845
Net result drops to -€31,845, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
IT ONE
CurrentDirector · since 31-05-2026 · Private limited company · perm. rep.: Thomas-Lucas GERARD
Permanent representatives 1
Thomas-Lucas GERARD
CurrentPermanent representative · since 31-05-2026 · for IT ONE
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 1998
Ground area
2.3 ha
Building footprint
1,396 m²
Volume, LiDAR
54,171 m³
2 parcels, Brussels, Wallonia · tallest building 46.5 m, ±14 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BPV IMMO
since 19982.087.143.951
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0128/00A000 | Brussels | 2.3 ha | 1 · 1,270 m² | 46.5 m · 14 fl. |
| 25764N0724/00K002 | Wallonia | 882 m² | 1 · 126 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
4 people since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| IT ONE |
|
| ADH Consult |
|
| Anne de Baer de Laer |
|
| WINCH MANAGEMENT SRL |
|
Structure & network
Owners and holdings
1 ownerOwners 1
-
49%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 24-06-2026 ↗
- OWINCH Holdings SRL 1,000 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 6,990 companies in sector 81220 we hold annual accounts for 2,413. 1,073 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463513708
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.