BV
ActiveSummary
BV is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €277,161 and a net result of €8,039. Equity is growing by about 23% per year across the filed financial years. The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Turnover
€189,254
EBIT margin
0.4%
Net result
€8,039
2024 · -€1,957
Working capital
€292,717▲ 2.8%
2024 · €284,761
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €10,397 after a loss of €2,228 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€10,397
2025
Net result€8,039
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€293,911
2025
Equity€277,161
2025
Debt€16,750
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€292,717
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.5
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€189,254-
Operating result€829--€9,310€18,212-€7,790-€253,665▼ 3,156%€27,699-€2,228€10,397
Net result€332--€9,332€11,539-€8,807€174,412€19,511▼ 88.8%-€1,957€8,039
EBIT margin0.4%-
Equity€83,756-€74,424▼ 11.1%€85,963▲ 15.5%€77,156▼ 10.2%€251,568▲ 226%€271,078▲ 7.8%€269,122▼ 0.7%€277,161▲ 3.0%
Total assets€100,891-€122,385▲ 21.3%€136,467▲ 11.5%€105,295▼ 22.8%€348,665▲ 231%€298,353▼ 14.4%€286,394▼ 4.0%€293,911▲ 2.6%
Debt€17,135-€47,961▲ 180%€50,504▲ 5.3%€28,140▼ 44.3%€97,097▲ 245%€27,274▼ 71.9%€17,272▼ 36.7%€16,750▼ 3.0%
Working capital€83,709-€63,356▼ 24.3%€77,451▲ 22.2%€71,126▼ 8.2%€270,963▲ 281%€286,663▲ 5.8%€284,761▼ 0.7%€292,717▲ 2.8%
Staff (FTE)0.62▲ 233%2.2▲ 10.0%2.5▲ 13.6%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €293,911
Equity
€277,161 ▲ 3.0%
Debt
€16,750 ▼ 3.0%
Debt's share of the balance-sheet total falls from 6.0% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.06▼
2024 · 0.06
ROE
2.9%▲
2024 · -0.7%
ROA
2.7%▲
2024 · -0.7%
Debt ≤ 1 year
€1,193▼
2024 · €1,633
Income taxes
€2,028▲
2024 · €1
A ratio outside any meaningful range has been withheld (balance sheet total €293,911, equity €277,161).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €189,254 | - | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €98,181 | €111,070 | €2,970 | -€397 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €247 | €7,700 | €7,460 | €7,460 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €799 | €18,335 | €617 | €528 | €544 | ▲ 3.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €20 | - | - | - |
| Gross operating margin9900 | €1,664 | €33,470 | €138,351 | €98,650 | -€124,260 | €31,306 | -€2,097 | €10,941 | ▲ 622% |
| Operating profit (loss)9901 | €829 | -€9,310 | €18,212 | -€7,790 | -€253,665 | €27,699 | -€2,228 | €10,397 | ▲ 567% |
| Financial income75/76B | - | - | - | €3 | €509,002 | €150 | €891 | €3 | ▼ 99.7% |
| Recurring financial income75 | €354 | €357 | €0 | €3 | €3,922 | €150 | €891 | €3 | ▼ 99.7% |
| Non-recurring financial income76B | - | - | - | - | €505,080 | - | - | - | - |
| Financial charges65/66B | - | - | - | €713 | €17,345 | €2,965 | €618 | €333 | ▼ 46.1% |
| Recurring financial charges65 | €525 | €287 | €670 | €713 | €17,345 | €2,965 | €618 | €333 | ▼ 46.1% |
| Profit (loss) for the period before taxes9903 | €658 | -€9,241 | €17,542 | -€8,501 | €237,992 | €24,884 | -€1,956 | €10,066 | ▲ 615% |
| Income taxes67/77 | €325 | €91 | €6,003 | €306 | €63,580 | €5,373 | €1 | €2,028 | ▲ 281,515% |
| Profit (loss) for the period9904 | €332 | -€9,332 | €11,539 | -€8,807 | €174,412 | €19,511 | -€1,957 | €8,039 | ▲ 511% |
| Profit (loss) for the period to be appropriated9905 | €332 | -€9,332 | €11,539 | -€8,807 | €174,412 | €19,511 | -€1,957 | €8,039 | ▲ 511% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €100,891 | €122,385 | €136,467 | €105,295 | €348,665 | €298,353 | €286,394 | €293,911 | ▲ 2.6% |
| Fixed assets21/28 | €240 | €29,839 | €22,379 | €14,920 | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €240 | €29,839 | €22,379 | €14,920 | - | - | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €14,920 | - | - | €0 | - | - |
| Current assets29/58 | €100,651 | €92,546 | €114,087 | €90,376 | €348,665 | €298,353 | €286,394 | €293,911 | ▲ 2.6% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €270,000 | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €270,000 | - |
| Amounts receivable within one year40/41 | €60,475 | €54,925 | €41,808 | €45,617 | €45,223 | €222,717 | €260,000 | €11,496 | ▼ 95.6% |
| Trade receivables40 | - | - | - | €45,617 | €10,223 | €7,717 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €35,000 | €215,000 | €260,000 | €11,496 | ▼ 95.6% |
| Cash at bank and in hand54/58 | €19,595 | €34,676 | €67,194 | €41,207 | €294,129 | €75,631 | €26,220 | €12,188 | ▼ 53.5% |
| Deferred charges and accrued income490/1 | - | - | - | €3,551 | €9,313 | €4 | €174 | €227 | ▲ 30.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €100,891 | €122,385 | €136,467 | €105,295 | €348,665 | €298,353 | €286,394 | €293,911 | ▲ 2.6% |
| Equity10/15 | €83,756 | €74,424 | €85,963 | €77,156 | €251,568 | €271,078 | €269,122 | €277,161 | ▲ 3.0% |
| Contributions10/11 | €10,000 | €10,000 | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €71,756 | €62,424 | €73,963 | €65,156 | €239,568 | €259,078 | €257,122 | €265,161 | ▲ 3.1% |
| Amounts payable17/49 | €17,135 | €47,961 | €50,504 | €28,140 | €97,097 | €27,274 | €17,272 | €16,750 | ▼ 3.0% |
| Amounts payable after more than one year17 | - | €18,771 | €13,867 | €8,890 | €3,839 | - | - | - | - |
| Financial debts170/4 | - | - | - | €8,890 | €3,839 | - | - | - | - |
| Amounts payable within one year42/48 | €16,942 | €29,190 | €36,637 | €19,250 | €77,701 | €11,690 | €1,633 | €1,193 | ▼ 26.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,977 | €5,052 | €3,839 | - | - | - |
| Trade debts44 | €16,619 | €20,408 | €14,600 | €4,138 | €5,459 | €960 | €609 | €112 | ▼ 81.6% |
| Suppliers440/4 | - | - | - | €4,138 | €5,459 | €960 | €609 | €112 | ▼ 81.6% |
| Taxes, remuneration and social security45 | - | - | - | €10,134 | €66,167 | €5,868 | - | - | - |
| Taxes450/3 | - | - | - | €383 | €63,651 | €5,444 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €9,751 | €2,516 | €424 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €1,023 | €1,023 | €1,023 | €1,081 | ▲ 5.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €15,557 | €15,585 | €15,639 | €15,557 | ▼ 0.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €332 | -€9,332 | €11,539 | -€8,807 | €174,412 | €19,511 | -€1,957 | €8,039 | ▲ 511% |
| + Depreciation and write-downs630 | €247 | €7,700 | €7,460 | €7,460 | - | - | - | - | - |
| Operating cash flow (approximation) | €580 | -€1,632 | €18,999 | -€1,347 | €174,412 | €19,511 | -€1,957 | €8,039 | ▲ 511% |
| Investment in fixed assets (approximation) | - | -€37,299 | €0 | €0 | - | - | - | - | - |
| Change in cash | - | €15,081 | €32,518 | -€25,987 | €252,921 | -€218,497 | -€49,412 | -€14,032 | ▲ 71.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from October 2017 to September 2026 are still being read.