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BSVC

Active
Private limited companyfounded 199729 yrs activeZonnelaan 77, 9870 Zulte, BelgiumKBO/BCE: BE 0460.479.586
Summary

BSVC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €468,409 and a net result of €4,226. Equity is growing by ~50% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability69▲+32
Solvency90▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.51 in 2023; short-term debt: 21% and cash: 2.8% of total assets), and 35.2% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 29 years 0 30 y
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 15-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 d early
2024
40 d early
2023
24 d late
2022
3 d early
2020
60 d early
2019
32 d early
2018
86 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. Usually files around 9 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-12-2026 close30-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BSVC was incorporated on 14 April 1997.1 Total assets rose from EUR 118,715 in 2018 to EUR 722,774 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€468,409▼ 1.2%
2023 · €474,183
Total assets
€722,774▼ 1.7%
2023 · €735,326
Net result
€4,226
2023 · -€59,631
Working capital
-€67,005▲ 8.7%
2023 · -€73,371
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
Line20192020202220232024
Operating result€19,013▼ 27.3%€5,626▼ 70.4%€586,096--€70,882€4,299
Net result€12,854▼ 27.3%€4,510▼ 64.9%€467,527--€59,631€4,226
Equity€61,777▲ 26.3%€66,287▲ 7.3%€533,814-€474,183▼ 11.2%€468,409▼ 1.2%
Total assets€121,831▲ 2.6%€121,394▼ 0.4%€678,454-€735,326▲ 8.4%€722,774▼ 1.7%
Debt€60,054▼ 14.0%€55,107▼ 8.2%€31,490-€161,381▲ 412%€157,815▼ 2.2%
Working capital-€34,441▲ 34.6%-€23,949▲ 30.5%€305,533--€73,371-€67,005▲ 8.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2019: €19,013€19,013Net result 2019: €12,854€12,854Operating result 2020: €5,626€5,626Net result 2020: €4,510€4,510Operating result 2022: €586,096€586,096Net result 2022: €467,527€467,527Operating result 2023: -€70,882-€70,882Net result 2023: -€59,631-€59,631Operating result 2024: €4,299€4,299Net result 2024: €4,226€4,22620192020202220232024-€200,000€0€200,000€400,000€600,000Operating result 2022: €586,096€586,000Net result 2022: €467,527€468,000Operating result 2023: -€70,882-€70,900Net result 2023: -€59,631-€59,600Operating result 2024: €4,299€4,300Net result 2024: €4,226€4,230202220232024
The operating result returns to profit in 2024: €4,299 after a loss of €70,882 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €722,774
Fixed assets €637,716 ▼ 3.2%
Current assets €85,058 ▲ 11.0%
Equity and liabilities €722,774
Equity €468,409 ▼ 1.2%
Provisions €96,550 ▼ 3.2%
Debt €157,815 ▼ 2.2%
Debt's share of the balance-sheet total falls from 21.9% to 21.8%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€25,272▲
2023 · €10,903
Cash flow
€25,199▲
2023 · €22,155
Current ratio
0.56▲
2023 · 0.51
Debt to equity
0.34▼
2023 · 0.34
ROE
0.9%▲
2023 · -12.6%
ROA
0.6%▲
2023 · -8.1%
Interest coverage
7.82▲
2023 · 3.44
Debt ≤ 1 year
€152,063▲
2023 · €150,007
Debt > 1 year
€1,440▼
2023 · €7,161
Income taxes
€1,642▲
2023 · €257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 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 higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 14,733 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet Code20232024
Assets
Total assets20/58€735,326€722,774▼
Fixed assets21/28€658,689€637,716▼
Tangible fixed assets22/27€658,094€637,122▼
Land and buildings22€640,923€624,972▼
Plant, machinery and equipment23€254€147▼
Furniture and vehicles24€16,917€12,003▼
Financial fixed assets28€595€595=
Current assets29/58€76,637€85,058▲
Amounts receivable within one year40/41€15,191€23,138▲
Trade receivables40€4,533€8,641▲
Other amounts receivable41€10,658€14,496▲
Current investments50/53-€40,000
Cash at bank and in hand54/58€60,205€20,322▼
Deferred charges and accrued income490/1€1,240€1,598▲
Equity and liabilities
Total equity and liabilities10/49€735,326€722,774▼
Equity10/15€474,183€468,409▼
Contributions10/11€18,592€18,592=
Reserves13€351,147€345,373▼
Tax-exempt reserves132€299,287€289,650▼
Distributable reserves133€51,859€55,723▲
Profit (loss) carried forward14€104,444€104,444=
Provisions and deferred taxes16€99,762€96,550▼
Deferred taxes168€99,762€96,550▼
Amounts payable17/49€161,381€157,815▼
Amounts payable after more than one year17€7,161€1,440▼
Financial debts170/4€7,161€1,440▼
Amounts payable within one year42/48€150,007€152,063▲
Current portion of amounts payable after more than one year42€5,659€5,721▲
Financial debts43€140,000€140,000=
Other loans439€140,000€140,000=
Trade debts44€4,291€5,013▲
Suppliers440/4€4,291€5,013▲
Taxes, remuneration and social security45€57€1,329▲
Taxes450/3€57€1,329▲
Accrued charges and deferred income492/3€4,212€4,312▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81,785€20,973▼
Other operating charges640/8€3,021€2,303▼
Gross operating margin9900€13,924€27,574▲
Operating profit (loss)9901-€70,882€4,299▲
Financial income75/76B€1,294€1,590▲
Recurring financial income75€1,294€1,590▲
Financial charges65/66B€3,174€3,233▲
Recurring financial charges65€3,174€3,233▲
Profit (loss) for the period before taxes9903-€72,762€2,656▲
Transfer from deferred taxes780€13,388€3,212▼
Income taxes67/77€257€1,642▲
Profit (loss) for the period9904-€59,631€4,226▲
Transfer from tax-exempt reserves789€40,164€9,637▼
Profit (loss) for the period to be appropriated9905-€19,467€13,864▲
Appropriation of the result
Profit (loss) to be appropriated9906€104,444€118,308▲
Profit (loss) brought forward from the previous period14P€123,911€104,444▼
Transfer from equity791/2-€10,000
Transfer to equity691/2-€13,864
To other reserves6921-€13,864
Profit to be distributed694/7-€10,000
Return on contributions (dividend)694-€10,000

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202220232024Change
Non-recurring operating income76A--€650,887---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,526€5,526€70,351€81,785€20,973▼ 74.4%
Other operating charges640/8--€5,092€3,021€2,303▼ 23.8%
Gross operating margin9900€26,005€12,817€661,539€13,924€27,574▲ 98.0%
Operating profit (loss)9901€19,013€5,626€586,096-€70,882€4,299▲ 106%
Financial income75/76B--€1,659€1,294€1,590▲ 22.9%
Recurring financial income75€355€1,114€1,659€1,294€1,590▲ 22.9%
Financial charges65/66B--€1,561€3,174€3,233▲ 1.9%
Recurring financial charges65€719€598€1,561€3,174€3,233▲ 1.9%
Profit (loss) for the period before taxes9903€18,649€6,143€586,194-€72,762€2,656▲ 104%
Transfer from deferred taxes780--€9,360€13,388€3,212▼ 76.0%
Transfer to deferred taxes680--€122,510---
Income taxes67/77€5,796€1,633€5,516€257€1,642▲ 539%
Profit (loss) for the period9904€12,854€4,510€467,527-€59,631€4,226▲ 107%
Transfer from tax-exempt reserves789--€28,079€40,164€9,637▼ 76.0%
Transfer to tax-exempt reserves689--€367,531---
Profit (loss) for the period to be appropriated9905€12,854€4,510€128,075-€19,467€13,864▲ 171%
Line20192020202220232024Change
Assets
Total assets20/58€121,831€121,394€678,454€735,326€722,774▼ 1.7%
Fixed assets21/28€97,469€91,942€356,021€658,689€637,716▼ 3.2%
Tangible fixed assets22/27€96,874€91,347€355,426€658,094€637,122▼ 3.2%
Land and buildings22--€333,220€640,923€624,972▼ 2.5%
Plant, machinery and equipment23--€360€254€147▼ 42.0%
Furniture and vehicles24--€21,845€16,917€12,003▼ 29.1%
Financial fixed assets28€595€595€595€595€595=
Current assets29/58€24,363€29,452€322,434€76,637€85,058▲ 11.0%
Amounts receivable within one year40/41€23,235€27,290€13,973€15,191€23,138▲ 52.3%
Trade receivables40--€7,785€4,533€8,641▲ 90.6%
Other amounts receivable41--€6,187€10,658€14,496▲ 36.0%
Current investments50/53----€40,000-
Cash at bank and in hand54/58€1,128€1,048€306,118€60,205€20,322▼ 66.2%
Deferred charges and accrued income490/1--€2,343€1,240€1,598▲ 28.8%
Equity and liabilities
Total equity and liabilities10/49€121,831€121,394€678,454€735,326€722,774▼ 1.7%
Equity10/15€61,777€66,287€533,814€474,183€468,409▼ 1.2%
Contributions10/11€18,592-€18,592€18,592€18,592=
Reserves13€1,859€1,859€391,311€351,147€345,373▼ 1.6%
Non-distributable reserves130/1--€1,859---
Reserves not available under the articles1311--€1,859---
Tax-exempt reserves132--€339,451€299,287€289,650▼ 3.2%
Distributable reserves133--€50,000€51,859€55,723▲ 7.5%
Profit (loss) carried forward14€41,326€45,836€123,911€104,444€104,444=
Provisions and deferred taxes16--€113,150€99,762€96,550▼ 3.2%
Deferred taxes168--€113,150€99,762€96,550▼ 3.2%
Amounts payable17/49€60,054€55,107€31,490€161,381€157,815▼ 2.2%
Amounts payable after more than one year17--€12,820€7,161€1,440▼ 79.9%
Financial debts170/4--€12,820€7,161€1,440▼ 79.9%
Amounts payable within one year42/48€58,804€53,401€16,901€150,007€152,063▲ 1.4%
Current portion of amounts payable after more than one year42--€5,598€5,659€5,721▲ 1.1%
Financial debts43---€140,000€140,000=
Other loans439---€140,000€140,000=
Trade debts44€3,343€2,735€5,281€4,291€5,013▲ 16.8%
Suppliers440/4--€5,281€4,291€5,013▲ 16.8%
Taxes, remuneration and social security45--€6,021€57€1,329▲ 2,221%
Taxes450/3--€6,021€57€1,329▲ 2,221%
Accrued charges and deferred income492/3--€1,769€4,212€4,312▲ 2.4%
Line20192020202220232024Change
Profit (loss) for the period9904€12,854€4,510€467,527-€59,631€4,226▲ 107%
+ Depreciation and write-downs630€5,526€5,526€70,351€81,785€20,973▼ 74.4%
Operating cash flow (approximation)€18,380€10,036€537,878€22,155€25,199▲ 13.7%
Investment in fixed assets (approximation)-€0--€384,454€0▲ 100%
Change in cash--€79--€245,913-€39,883▲ 83.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-07-2027
2026
15-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-12
Financial Back to profitnet €4,226
Net result €4,226 after one loss-making year.
23-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
30-12
Financial Weakest financial yearnet -€59,631
Net result drops to -€59,631, the lowest in the series; recovery starts the following year.
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-12
Financial Highest result since 2018net €467,527 ▲10,267%
Operating result €586,096, net result €467,527, both a record.
30-12
Financial Liquidity times 35current ratio 19.08
Current ratio from 0.55 to 19.08; short-term debt falls from €53,401 to €16,901.
30-12
Financial Equity above €500,000Eq €533,814 ▲705%
4 profitable years in a row build equity to €533,814.
2021
01-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
06-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
08-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
26-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Zulte · 1 establishment unit since 1997
seat establishment The establishment unit on the map
Ground area
587 m²
Building footprint
86 m²
Volume, LiDAR
515 m³
Parcel 44081C0554/00Y000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BSVC
Zonnelaan 77, 9870 ZulteRenting and operating of own or leased residential real estate, excluding social housing
since 19972.082.050.263
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44081C0554/00Y000 Flanders 587 m² 1 · 86 m² 6.4 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded14-04-1997
Fiscal year end30-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.