BROVAN
ActiveSummary
BROVAN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €375,698 and a net result of €14,164. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 1760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.41 against 5.35 in 2024; short-term debt: 20.4% and cash: 1.8% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Four 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
74.7%
Return on assets
2.8%
Age of the figures
15 mo
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
39 d early
2020
9 d early
2019
21 d early
← 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 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
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 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€375,698▼ 5.2%
2024 · €396,501
Total assets
€502,804▲ 7.8%
2024 · €466,501
Net result
€14,164▲ 810%
2024 · €1,557
Working capital
€247,146▼ 9.4%
2024 · €272,777
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,385▲ 122%€38,183▲ 25.7%€68,749▲ 80.1%€2,250▼ 96.7%€22,777▲ 912%
Net result€79,934▲ 173%€102,923▲ 28.8%€125,035▲ 21.5%€1,557▼ 98.8%€14,164▲ 810%
Equity€272,995▲ 35.5%€311,868▲ 14.2%€413,936▲ 32.7%€396,501▼ 4.2%€375,698▼ 5.2%
Total assets€422,316▲ 19.4%€382,392▼ 9.5%€499,722▲ 30.7%€466,501▼ 6.6%€502,804▲ 7.8%
Debt€148,376▼ 1.7%€69,768▼ 53.0%€85,219▲ 22.1%€69,622▼ 18.3%€126,917▲ 82.3%
Working capital€128,408▲ 138%€175,567▲ 36.7%€284,626▲ 62.1%€272,777▼ 4.2%€247,146▼ 9.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result -99% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 912% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €502,804
Fixed assets
€153,041 ▲ 16.8%
Current assets
€349,763 ▲ 4.3%
Equity and liabilities €502,804
Equity
€375,698 ▼ 5.2%
Provisions
€189 ▼ 50.0%
Debt
€126,917 ▲ 82.3%
Debt's share of the balance-sheet total rises from 14.9% to 25.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30,564▲
2024 · €9,680
Cash flow
€21,951▲
2024 · €8,987
Current ratio
3.41▼
2024 · 5.35
Quick ratio
3.05▼
2024 · 4.83
Debt to equity
0.34▲
2024 · 0.18
ROE
3.8%▲
2024 · 0.4%
ROA
2.8%▲
2024 · 0.3%
Interest coverage
7.61▼
2024 · 18.07
Debt ≤ 1 year
€102,617▲
2024 · €62,669
Debt > 1 year
€24,299▲
2024 · €6,953
Income taxes
€6,144▲
2024 · €1,075
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,690 | €10,094 | €8,817 | €7,430 | €7,787 | ▲ 4.8% |
| Other operating charges640/8 | - | €3,099 | €3,029 | €1,952 | €3,430 | ▲ 75.7% |
| Gross operating margin9900 | €43,036 | €51,376 | €80,595 | €11,631 | €33,994 | ▲ 192% |
| Operating profit (loss)9901 | €30,385 | €38,183 | €68,749 | €2,250 | €22,777 | ▲ 912% |
| Financial income75/76B | - | €88,162 | €91,251 | €729 | €1,360 | ▲ 86.6% |
| Recurring financial income75 | €63,528 | €88,162 | €91,251 | €729 | €1,360 | ▲ 86.6% |
| Financial charges65/66B | - | €564 | €568 | €536 | €4,018 | ▲ 650% |
| Recurring financial charges65 | €368 | €564 | €568 | €536 | €4,018 | ▲ 650% |
| Profit (loss) for the period before taxes9903 | €93,545 | €125,781 | €159,432 | €2,443 | €20,119 | ▲ 724% |
| Transfer from deferred taxes780 | - | €189 | €189 | €189 | €189 | = |
| Income taxes67/77 | €13,800 | €23,047 | €34,586 | €1,075 | €6,144 | ▲ 472% |
| Profit (loss) for the period9904 | €79,934 | €102,923 | €125,035 | €1,557 | €14,164 | ▲ 810% |
| Profit (loss) for the period to be appropriated9905 | €79,934 | €102,923 | €125,035 | €1,557 | €14,164 | ▲ 810% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €422,316 | €382,392 | €499,722 | €466,501 | €502,804 | ▲ 7.8% |
| Fixed assets21/28 | €157,396 | €147,302 | €138,485 | €131,056 | €153,041 | ▲ 16.8% |
| Intangible fixed assets21 | - | - | - | - | €28,630 | - |
| Tangible fixed assets22/27 | €46,504 | €36,409 | €27,593 | €20,163 | €13,518 | ▼ 33.0% |
| Land and buildings22 | - | €14,992 | €10,709 | €6,425 | €2,142 | ▼ 66.7% |
| Plant, machinery and equipment23 | - | €572 | - | - | - | - |
| Furniture and vehicles24 | - | €7,963 | €5,173 | €3,198 | €2,008 | ▼ 37.2% |
| Other tangible fixed assets26 | - | €12,882 | €11,711 | €10,540 | €9,368 | ▼ 11.1% |
| Financial fixed assets28 | €110,893 | €110,893 | €110,893 | €110,893 | €110,893 | = |
| Current assets29/58 | €264,920 | €235,090 | €361,237 | €335,445 | €349,763 | ▲ 4.3% |
| Stocks and contracts in progress3 | €92,075 | €47,014 | €29,489 | €32,712 | €37,185 | ▲ 13.7% |
| Stocks30/36 | - | €47,014 | €29,489 | €32,712 | €37,185 | ▲ 13.7% |
| Amounts receivable within one year40/41 | €132,627 | €91,743 | €178,321 | €171,375 | €155,208 | ▼ 9.4% |
| Trade receivables40 | - | €73,638 | €84,821 | €89,965 | €85,509 | ▼ 5.0% |
| Other amounts receivable41 | - | €18,104 | €93,500 | €81,411 | €69,699 | ▼ 14.4% |
| Current investments50/53 | €24,209 | €49,079 | €77,436 | €125,796 | €146,787 | ▲ 16.7% |
| Cash at bank and in hand54/58 | €15,457 | €45,731 | €75,297 | €5,187 | €8,970 | ▲ 72.9% |
| Deferred charges and accrued income490/1 | - | €1,524 | €693 | €375 | €1,612 | ▲ 330% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €422,316 | €382,392 | €499,722 | €466,501 | €502,804 | ▲ 7.8% |
| Equity10/15 | €272,995 | €311,868 | €413,936 | €396,501 | €375,698 | ▼ 5.2% |
| Contributions10/11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €272,372 | €311,611 | €414,047 | €396,979 | €376,543 | ▼ 5.1% |
| Non-distributable reserves130/1 | - | €1,900 | - | - | - | - |
| Other1319 | - | €1,900 | - | - | - | - |
| Tax-exempt reserves132 | - | €2,188 | €2,188 | €2,188 | €2,188 | = |
| Distributable reserves133 | - | €307,524 | €411,859 | €394,791 | €374,355 | ▼ 5.2% |
| Profit (loss) carried forward14 | -€7,512 | -€7,512 | -€7,512 | -€7,512 | -€7,512 | = |
| Investment grants15 | - | €1,468 | €1,101 | €734 | €367 | ▼ 50.0% |
| Provisions and deferred taxes16 | €945 | €756 | €567 | €378 | €189 | ▼ 50.0% |
| Deferred taxes168 | - | €756 | €567 | €378 | €189 | ▼ 50.0% |
| Amounts payable17/49 | €148,376 | €69,768 | €85,219 | €69,622 | €126,917 | ▲ 82.3% |
| Amounts payable after more than one year17 | €11,864 | €10,245 | €8,608 | €6,953 | €24,299 | ▲ 249% |
| Financial debts170/4 | - | €10,245 | €8,608 | €6,953 | €24,299 | ▲ 249% |
| Amounts payable within one year42/48 | €136,512 | €59,523 | €76,610 | €62,669 | €102,617 | ▲ 63.7% |
| Current portion of amounts payable after more than one year42 | - | €1,619 | €1,637 | €1,655 | €11,612 | ▲ 602% |
| Trade debts44 | €82,989 | €22,328 | €29,471 | €27,562 | €22,063 | ▼ 19.9% |
| Suppliers440/4 | - | €22,328 | €29,471 | €27,562 | €22,063 | ▼ 19.9% |
| Taxes, remuneration and social security45 | - | €24,506 | €23,766 | €3,442 | €8,885 | ▲ 158% |
| Taxes450/3 | - | €22,831 | €22,091 | €1,767 | €7,210 | ▲ 308% |
| Remuneration and social security454/9 | - | €1,675 | €1,675 | €1,675 | €1,675 | = |
| Other amounts payable47/48 | - | €11,070 | €21,738 | €30,010 | €60,058 | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,934 | €102,923 | €125,035 | €1,557 | €14,164 | ▲ 810% |
| + Depreciation and write-downs630 | €9,690 | €10,094 | €8,817 | €7,430 | €7,787 | ▲ 4.8% |
| Operating cash flow (approximation) | €89,624 | €113,018 | €133,852 | €8,987 | €21,951 | ▲ 144% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€29,772 | - |
| Change in cash | - | €30,273 | €29,566 | -€70,110 | €3,784 | ▲ 105% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €1,557 ▼98.8%
Net result drops to €1,557, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €125,035 ▲21.5%
Operating result €68,749, net result €125,035, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Liquidity doublescurrent ratio 3.95
Current ratio from 1.94 to 3.95; short-term debt falls from €136,512 to €59,523.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €200,000Eq €201,428 ▲16.8%
2 profitable years in a row build equity to €201,428.
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
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.
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
Registered office, Roeselare · 1 establishment unit since 2000
Ground area
246 m²
Building footprint
36 m²
Volume, LiDAR
197 m³
Parcel 36505B0401/00N000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BROVAN
since 20002.100.647.836
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505B0401/00N000 | Flanders | 246 m² | 1 · 36 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
83.8%
According to the annual accounts to 30-06-2025 of BROVAN and those 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,360 EUR awarded · 3,360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,360 EUR | 3,360 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.100.647.836
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Of 641 companies in sector 01301 we hold annual accounts for 297. 241 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
Founded12-01-2000
Fiscal year end30-06
Activities, NACEBEL 2025
01301Crop and animal production, hunting and related service activities
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469147428
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.