Equity
BSVB has made a profit in every financial year since 2013.
BSVB has made a profit in every financial year since 2013.
The result fell in 2025 from €1.2m to €106,058.
The accounts state no turnover.
Green is investment, beige is depreciation. Land and buildings stand 197.8% higher than in 2024.
Seven of the last ten came late. The 2024 accounts came latest: 70 days after the end of the period.
More equity than 95% of companies in architecture and engineering. Sector median €63,879 · 11,799 companies.
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 92% of them on solvency, 73% on liquidity, 21% on profitability and 47% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,049 companies had the same profile as BSVB has now. Each dot stands for 16 companies, two years later.
That fits the bankruptcy probability of BSVB itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for BSVB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 10.61 (9.15 in 2024), above the usual 1.5. Short-term debt is 6.9% and cash 10% of total assets. 12.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BSVB Affligem | €4.3m | €180,403 | 87.9% | - |
| CONSEIL GESTION PATRIMOINE Couvin | €4.9m | €216,965 | 61.2% | 1 |
| Belle Aalter | €4.4m | €222,020 | 10.4% | 0.8 |
| FUSE HOUSE Brussels | €3.5m | €143,019 | 37.2% | - |
| RUTTEN - NEW ENERGY SYSTEM Herstal | €3.5m | €239,141 | 64.3% | - |
| Isabau Zonnebeke | €3.7m | €199,150 | 30.4% | - |
| FLUVES Ghent | €4.1m | €123,753 | 40.0% | 11.5 |
These companies have the same main activity as BSVB: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €3.5m and €4.9m, founded between 2010 and 2016.
BSVB files the micro format. That format states no turnover. The gross margin fell from €249,005 in 2013 to €180,403 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €360,000. Estimated: probably between €280,000 and €470,000.
Higher than 89% of 11,794 companies in 2025.
Higher than 92% of 11,521 companies in 2025.
Higher than 27% of 11,605 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
4.3m | 4.3m | 3.2m | 1.1m | 822,684 | 691,160 | 543,855 | 530,064 | 470,814 | 402,406 | 249,789 | 303,036 | 196,254 | |
21/28 |
1.2m | 668,969 | 575,614 | 17,943 | 36,141 | 46,024 | 70,068 | 75,265 | 18,008 | 25,040 | 28,779 | 40,781 | 37,654 | |
22/27 |
1.1m | 376,940 | 5,894 | 7,943 | 26,141 | 46,024 | 70,068 | 75,265 | 18,008 | 25,040 | 28,779 | 40,781 | 37,654 | |
22 |
1.1m | 373,031 | - | - | - | 2,175 | 2,339 | 2,503 | 2,666 | 2,830 | 1,050 | 1,213 | 1,377 | |
23 |
- | - | - | - | 857 | 2,161 | 4,062 | 4,832 | 2,477 | 1,942 | 1,503 | 2,294 | 520 | |
24 |
28,713 | - | 682 | 1,428 | 17,466 | 27,870 | 46,662 | 47,736 | 2,513 | 8,031 | 17,758 | 27,485 | 24,649 | |
26 |
4,477 | 3,909 | 5,212 | 6,515 | 7,818 | 13,818 | 17,006 | 20,194 | 10,352 | 12,237 | 8,468 | 9,788 | 11,108 | |
28 |
10,000 | 292,029 | 569,720 | 10,000 | 10,000 | - | - | - | - | - | - | - | - | |
29/58 |
3.1m | 3.7m | 2.6m | 1.1m | 786,543 | 645,136 | 473,787 | 454,799 | 452,806 | 377,366 | 221,011 | 262,255 | 158,600 | |
3 |
834,455 | 1.4m | 778,559 | 489,080 | - | - | - | - | - | - | - | - | - | |
30/36 |
834,455 | 1.4m | 778,559 | 489,080 | - | - | - | - | - | - | - | - | - | |
40/41 |
95,016 | 319,982 | 261,798 | 166,602 | 205,600 | 295,240 | 88,858 | 65,169 | 62,424 | 73,395 | 49,349 | 44,708 | 42,183 | |
40 |
34,958 | 250,881 | 115,648 | 115,456 | 131,956 | 277,020 | 37,895 | 41,206 | 12,825 | 35,162 | 27,959 | 44,708 | 41,069 | |
41 |
60,058 | 69,101 | 146,150 | 51,146 | 73,644 | 18,220 | 50,963 | 23,963 | 49,600 | 38,233 | 21,390 | - | 1,114 | |
50/53 |
1.7m | 455,747 | 477,080 | 370,954 | 347,393 | - | - | - | - | - | - | - | 86,827 | |
54/58 |
427,417 | 1.5m | 1.1m | 101,579 | 231,701 | 349,896 | 382,932 | 382,995 | 390,310 | 303,059 | 170,788 | 216,515 | 27,286 | |
490/1 |
29,408 | 13,938 | 145 | 1,304 | 1,850 | - | 1,997 | 6,636 | 72 | 912 | 874 | 1,032 | 2,304 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
4.3m | 4.3m | 3.2m | 1.1m | 822,684 | 691,160 | 543,855 | 530,064 | 470,814 | 402,406 | 249,789 | 303,036 | 196,254 | |
10/15 |
3.7m | 3.6m | 2.4m | 955,100 | 755,607 | 606,597 | 502,773 | 469,060 | 421,123 | 328,111 | 237,815 | 189,429 | 157,389 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
3.3m | 3.2m | 1.9m | 948,900 | 749,407 | 600,397 | 496,573 | 462,860 | 414,923 | 321,911 | 231,615 | 183,229 | 151,189 | |
130/1 |
- | - | - | 3,720 | 3,720 | 3,720 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 3,720 | 3,720 | 3,720 | 3,720 | 3,720 | 3,720 | 3,720 | |
1311 |
- | - | - | 3,720 | 3,720 | 3,720 | - | - | - | - | - | - | - | |
132 |
- | - | - | - | 55,766 | 55,766 | 47,358 | 30,845 | - | - | - | - | - | |
133 |
3.3m | 3.2m | 1.9m | 945,180 | 689,921 | 540,911 | 445,495 | 428,295 | 411,203 | 318,191 | 227,895 | 179,509 | 147,469 | |
14 |
463,561 | 463,561 | 463,561 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
515,342 | 702,136 | 805,230 | 192,362 | 67,078 | 84,563 | 41,082 | 61,004 | 49,691 | 74,295 | 11,975 | 113,607 | 38,865 | |
17 |
222,132 | 300,166 | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
222,132 | 300,166 | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
293,210 | 401,970 | 761,657 | 192,362 | 67,078 | 84,563 | 41,082 | 61,004 | 49,691 | 74,295 | 10,248 | 113,607 | 38,865 | |
42 |
78,034 | 81,473 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
204,569 | 115,165 | 539,147 | 155,792 | 18,128 | 2,268 | 3,611 | 2,896 | 13,437 | 6,551 | 3,399 | 2,234 | 3,810 | |
440/4 |
204,569 | 115,165 | 539,147 | 155,792 | 18,128 | 2,268 | 3,611 | 2,896 | 13,437 | 6,551 | 3,399 | 2,234 | 3,810 | |
45 |
10,608 | 205,332 | 221,203 | 24,888 | 48,949 | 77,286 | 36,968 | 54,475 | 36,253 | 67,744 | 6,849 | 38,685 | 35,055 | |
450/3 |
10,608 | 205,332 | 221,203 | 24,888 | 48,949 | 73,959 | 32,237 | 40,600 | 33,300 | 64,121 | - | 38,685 | 35,055 | |
454/9 |
- | - | - | - | - | 3,327 | 4,732 | 13,875 | 2,953 | 3,624 | 6,849 | - | - | |
47/48 |
- | - | 1,308 | 11,682 | - | 5,009 | 503 | 3,633 | - | - | - | 72,687 | - | |
492/3 |
- | - | 43,573 | - | - | - | - | - | - | - | 1,726 | - | - | |
| Income statement | ||||||||||||||
9900 |
180,403 | 325,383 | 354,829 | 353,738 | 220,719 | 184,574 | 66,286 | 156,617 | 164,640 | 192,825 | 135,398 | 176,206 | 249,005 | |
62 |
- | 431 | - | 89 | - | - | - | - | - | - | - | - | - | |
630 |
14,513 | 5,823 | 2,049 | 12,768 | 16,784 | 13,688 | 20,053 | 20,286 | 8,816 | 12,814 | 12,002 | 12,217 | 14,354 | |
640/8 |
10,581 | 94,032 | 7,770 | 3,561 | 1,449 | 1,524 | 1,979 | 1,366 | 2,062 | 773 | 1,300 | 1,473 | 1,416 | |
66A |
- | - | - | - | 5,336 | - | - | - | - | - | - | - | - | |
9901 |
155,310 | 225,096 | 345,011 | 337,320 | 197,150 | 169,363 | 44,254 | 134,966 | 153,762 | 179,237 | 122,096 | 162,516 | 233,235 | |
75/76B |
90,644 | 1.2m | 1.4m | 8,882 | 48,363 | 3,722 | 2,420 | 953 | 3,168 | 2,910 | 3,644 | 2,577 | 782 | |
75 |
79,061 | 1.2m | 1.4m | 7,584 | 48,363 | 3,722 | 2,420 | 953 | 3,168 | 2,910 | 3,644 | 2,577 | 782 | |
76B |
11,582 | - | - | 1,298 | - | - | - | - | - | - | - | - | - | |
65/66B |
101,208 | 62,400 | 88,932 | 55,285 | 1,027 | 944 | 1,082 | 332 | 451 | 235 | 429 | 1,146 | 1,708 | |
65 |
101,208 | 62,400 | 88,932 | 55,285 | 1,027 | 944 | 1,082 | 332 | 451 | 235 | 429 | 1,146 | 1,708 | |
9903 |
144,746 | 1.4m | 1.6m | 290,917 | 244,486 | 172,140 | 45,592 | 135,587 | 156,479 | 181,912 | 125,311 | 163,946 | 232,309 | |
67/77 |
38,688 | 165,515 | 163,381 | 90,126 | 73,477 | 48,316 | 11,879 | 32,312 | 63,467 | 64,218 | 45,076 | 56,906 | 81,120 | |
9904 |
106,058 | 1.2m | 1.5m | 200,791 | 171,010 | 123,824 | 33,713 | 103,275 | 93,012 | 117,694 | 80,235 | 107,040 | 151,189 | |
789 |
- | - | - | 54,468 | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | 8,408 | - | 30,845 | - | - | - | - | - | |
9905 |
106,058 | 1.2m | 1.5m | 255,259 | 171,010 | 115,416 | 33,713 | 72,429 | 93,012 | 117,694 | 80,235 | 107,040 | 151,189 | |
| Appropriation of the result | ||||||||||||||
9906 |
569,618 | 1.7m | 1.5m | 255,259 | 171,010 | 115,416 | 33,713 | 72,429 | 93,012 | 117,694 | 80,235 | 107,040 | 151,189 | |
14P |
463,561 | 463,561 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
106,058 | 1.2m | 1.0m | 255,259 | 149,010 | 95,416 | 33,713 | 32,429 | 93,012 | 90,296 | 48,386 | 32,040 | 151,189 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,720 | |
6921 |
106,058 | 1.2m | 1.0m | 255,259 | 149,010 | 95,416 | 33,713 | 32,429 | 93,012 | 90,296 | 48,386 | 32,040 | 147,469 | |
694/7 |
- | - | - | - | 22,000 | 20,000 | - | 40,000 | - | 27,397 | 31,849 | 75,000 | - | |
694 |
- | - | - | - | 22,000 | - | - | 40,000 | - | - | - | - | - | |
695 |
- | - | - | - | - | 20,000 | - | - | - | 27,397 | 31,849 | 75,000 | - | |
| Document | ||||||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00228177 | |
| 31-12-2024 | micro format | 09-10-2025 | 2025-00543246 | |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00255215 | |
| 31-12-2022 | micro format | 28-09-2023 | 2023-00467050 | |
| 31-12-2021 | micro format | 14-09-2022 | 2022-20430237 | |
| 31-12-2020 | micro format | 15-07-2021 | 2021-35300545 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-45000213 | |
| 31-12-2018 | abbreviated format | 09-09-2019 | 2019-63500496 | |
| 31-12-2017 | abbreviated format | 07-08-2018 | 2018-43500362 | |
| 31-12-2016 | abbreviated format | 04-08-2017 | 2017-40700294 | |
| 31-12-2015 | abbreviated format | 03-08-2016 | 2016-39200025 | |
| 31-12-2014 | abbreviated format | 07-07-2015 | 2015-27200015 | |
| 31-12-2013 | abbreviated format | 15-08-2014 | 2014-42300354 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 169,823 | 230,920 | 347,059 | 350,088 | 213,934 | 183,050 | 64,307 | 155,252 | 162,578 | 192,051 | 134,098 | 174,733 | 247,589 | ||
| 120,570 | 1.2m | 1.5m | 213,560 | 187,794 | 137,512 | 53,766 | 123,560 | 101,828 | 130,508 | 92,237 | 119,257 | 165,543 | ||
| 791,724 | 376,869 | 559,720 | -5,430 | 12,237 | -10,356 | 3,532 | 41,470 | 1,783 | 9,076 | 0 | 15,344 | 52,008 | ||
| -1.1m | 385,338 | 1.0m | -130,122 | -118,195 | -33,036 | -62 | -7,315 | 87,251 | 132,272 | -45,727 | 189,229 | - | ||
| 2.8m | 3.3m | 1.9m | 937,157 | 719,466 | 560,573 | 432,705 | 393,795 | 403,115 | 303,071 | 210,763 | 148,649 | 119,735 | ||
| 87.9% | 83.8% | 75.0% | 83.2% | 91.8% | 87.8% | 92.4% | 88.5% | 89.4% | 81.5% | 95.2% | 62.5% | 80.2% | ||
| 10.61 | 9.15 | 3.48 | 5.87 | 11.73 | 7.63 | 11.53 | 7.46 | 9.11 | 5.08 | 21.57 | 2.31 | 4.08 | ||
| 7.76 | 5.74 | 2.45 | 3.33 | 11.73 | 7.63 | 11.53 | 7.46 | 9.11 | 5.08 | 21.57 | 2.31 | 4.08 | ||
| 0.14 | 0.19 | 0.33 | 0.20 | 0.09 | 0.14 | 0.08 | 0.13 | 0.12 | 0.23 | 0.05 | 0.60 | 0.25 | ||
| 2.8% | 33.6% | 60.5% | 21.0% | 22.6% | 20.4% | 6.7% | 22.0% | 22.1% | 35.9% | 33.7% | 56.5% | 96.1% | ||
| 2.5% | 28.2% | 45.4% | 17.5% | 20.8% | 17.9% | 6.2% | 19.5% | 19.8% | 29.2% | 32.1% | 35.3% | 77.0% | ||
| 1.68 | 3.70 | 3.90 | 6.33 | over 100 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €781,724 | €376,869 | - | - | €2,237 |
| Financial fixed assets | €10,000 | - | - | - | €10,000 |
| €14,513 | €5,823 | €2,049 | €12,768 | €16,784 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 31% lower than in 2024 and the lowest since 2019. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 16.2% to 12.1%. Equity is higher and debt is lower.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| EVIVO
registered office since 01-07-2026 |
founded in 2026 1039.729.835 |
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| BSVB ENGINEERING & CONSULTING registered office Burg. Wambacqstraat 22, 1790 Affligem | 01-07-2012 | 2.213.756.962 |
| 25-05-2021 | Granted | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 30-11-2020 · project 2020160821 | Affligem |
| 08-10-2020 | Discontinued | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 02-09-2020 · project 2020103880 | Affligem |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23021B0366/00K002 | 432 m² | 1 · 125 m² | 10.1 m · 2 |
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