Equity
€139,521 ▲ 38.3%
BV-TEC has made a profit in every financial year since 2019.
BV-TEC
Lifetime
7 annual accounts with figures on one time axispeak €69,693 (2025)
€69,693▲ 50.0%
peak €41,622 (2025)
€41,622▲ 35.7%
peak €139,521 (2025)
€139,521▲ 38.3%
€89,586▲ 93.4%
Board1 name since 2018
1 directorBart VROMMAN
Documentsfilings and deeds
27-10-20254 days before the deadline
2025micro format
Gross margin from €46,466 to €69,693Result from €30,666 to €41,622Equity from €100,900 to €139,521Debts from €46,318 to €89,586Investments €52,891Cash from €55,402 to €73,936
Key points
from the 2025 annual accountsTurnover
≈ €270,000 estimated
The accounts state no turnover.
Investments
€51,891 35.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 684.2% higher than in 2024.
Liquidity
1.61 was 2.45 in 2024
Short-term debts rose from €46,318 to €89,586.
Filings
7 annual accounts 11 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
€41,622
Higher net result than 82% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
Checked score
85
Excellent
Financially stronger than 73% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.2%▼ -0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
11-2026: 0.5%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 27-10-2025)
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 1.61, cash €73,936
Equity €139,521 (60.9% of total assets)
Calculation
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 43, micro). It does better than 66% of them on solvency, 71% on liquidity, 77% on profitability and 79% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as BV-TEC has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BV-TEC itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 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 26,972 companies, not a prediction for BV-TEC. 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.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.61 (2.45 in 2024), above the usual 1.5. Short-term debt is 39.1% and cash 32.3% of total assets. 39.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2026
not filed
2025
4 days early
2024
2 days early
2023
4 days early
2022
9 days late
2021
5 days early
2020
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 9 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0689638821
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Tielt
Resignation: Bart VROMMAN (director)
Reappointment: Bart VROMMAN (director) · Director discharge: Bart VROMMAN · 100 shares · General meeting of 14-09-2023 · Gazette deed
Environmental permit granted
Slopen of verwijderen, Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen, Verwijderen van vrijstaande gebouwen · Tielt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BV-TEC Tielt | €229,107 | €69,693 | 60.9% | - |
| Lampe Wielsbeke | €246,580 | €68,175 | 7.5% | - |
| AB-Systems Oostkamp | €251,365 | €65,980 | 34.1% | - |
| BRULEK Ichtegem | €193,984 | €66,447 | 62.8% | - |
| Bouljon Technics Oostkamp | €221,938 | €56,062 | 60.7% | - |
| Autolektro Torhout | €250,487 | €66,471 | 31.9% | - |
| ELEKTROTECHNIEKEN MANHAEVE Kortrijk | €252,695 | €85,505 | 61.9% | - |
These companies have the same main activity as BV-TEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €194,000 and €253,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 31-01-2018Normal situation
- Activity
- General electrical installation workNACE 43211and 7 others
- Establishment unit
- 2.272.899.8428760 Tielt, since 31-01-2018
- Financial year end
- 31 March
- Peppol
- Reachable since 07-11-2025
Insights on BV-TEC
BV-TEC files the micro format. That format states no turnover. The gross margin rose from €30,722 in 2019 to €69,693 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BV-TEC
- What is the company number of BV-TEC?
- The company number of BV-TEC is 0689.638.821. The VAT number is the same number with BE in front: BE 0689.638.821.
- Where is BV-TEC based?
- The registered office is at Schietspoelstraat 11, 8760 Tielt.Company details
- What does BV-TEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of BV-TEC?
- BV-TEC is a private limited company (BV).
- When was BV-TEC founded?
- BV-TEC was founded on 31-01-2018.
- Is BV-TEC still active?
- Yes, BV-TEC is an active enterprise in the KBO register.
- What is the turnover of BV-TEC?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €69,693 and 40 comparable companies (NACE 43211). It probably lies between €170,000 and €430,000.Financials
- Is BV-TEC profitable?
- In financial year 2025, BV-TEC made a profit of €41,622.
- Where can I find the annual accounts of BV-TEC?
- BV-TEC filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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