BV TEC
ActiveSummary
BV TEC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197,283 and a net result of €25,222. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+10
Solvency93▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 3.74 against 5.36 in 2024; short-term debt: 22.9% and cash: 9.6% of total assets), and 32.1% 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○neutral
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
67.9%
Return on assets
8.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
55 d late
2023
32 d early
2022
5 d early
2021
109 d late
2020
3 d early
2019
61 d late
← 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 30 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€117,934
EBIT margin
17.5%
Net result
€25,222▲ 112%
2024 · €11,919
Working capital
€181,762▲ 12.3%
2024 · €161,812
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€117,934
Operating result€5,804▼ 74.4%€22,112▲ 281%€34,997▲ 58.3%€11,479▼ 67.2%€20,657▲ 80.0%
Net result€7,397within the sector's middle half▼ 64.7%€19,847within the sector's middle half▲ 168%€26,505within the sector's middle half▲ 33.5%€11,919within the sector's middle half▼ 55.0%€25,222within the sector's middle half▲ 112%
EBIT margin17.5%
Equity€113,789within the sector's middle half▲ 7.0%€133,637within the sector's middle half▲ 17.4%€160,142within the sector's middle half▲ 19.8%€172,061within the sector's middle half▲ 7.4%€197,283within the sector's middle half▲ 14.7%
Total assets€168,240within the sector's middle half▲ 7.2%€169,289within the sector's middle half▲ 0.6%€222,106within the sector's middle half▲ 31.2%€209,159within the sector's middle half▼ 5.8%€290,421within the sector's middle half▲ 38.9%
Debt€54,451▲ 7.9%€35,653▼ 34.5%€61,964▲ 73.8%€37,098▼ 40.1%€93,138▲ 151%
Working capital€120,522▲ 3.9%€142,105▲ 17.9%€161,318▲ 13.5%€161,812▲ 0.3%€181,762▲ 12.3%
Solvency67.6%within the sector's middle half▼ 0.2pp78.9%above the sector's middle half▲ 11.3pp72.1%within the sector's middle half▼ 6.8pp82.3%above the sector's middle half▲ 10.2pp67.9%within the sector's middle half▼ 14.3pp
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 80% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290,421
Fixed assets
€42,292 ▲ 313%
Current assets
€248,129 ▲ 24.7%
Equity and liabilities €290,421
Equity
€197,283 ▲ 14.7%
Debt
€93,138 ▲ 151%
Debt's share of the balance-sheet total rises from 17.7% to 32.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,738▲
2024 · €15,176
Cash flow
€32,303▲
2024 · €15,616
Current ratio
3.74▼
2024 · 5.36
Debt to equity
0.47▲
2024 · 0.22
ROE
12.8%▲
2024 · 6.9%
ROA
8.7%▲
2024 · 5.7%
Interest coverage
18.77▲
2024 · 7.09
Debt ≤ 1 year
€66,367▲
2024 · €37,098
Debt > 1 year
€26,771
Income taxes
€14,476▲
2024 · €5,905
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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 0.4% 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 34,672 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €117,934 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €94,326 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,805 | €467 | €1,108 | €3,697 | €7,081 | ▲ 91.5% |
| Other operating charges640/8 | €1,881 | €2,713 | €2,152 | €3,039 | €730 | ▼ 76.0% |
| Gross operating margin9900 | €10,490 | €25,292 | €38,257 | €18,214 | €28,468 | ▲ 56.3% |
| Operating profit (loss)9901 | €5,804 | €22,112 | €34,997 | €11,479 | €20,657 | ▲ 80.0% |
| Financial income75/76B | €7,496 | €9,551 | €7,182 | €8,484 | €20,763 | ▲ 145% |
| Recurring financial income75 | €7,496 | €9,162 | €7,182 | €8,484 | €8,965 | ▲ 5.7% |
| Non-recurring financial income76B | - | €388 | - | - | €11,798 | - |
| Financial charges65/66B | €1,477 | €900 | €726 | €2,139 | €1,722 | ▼ 19.5% |
| Recurring financial charges65 | €1,097 | €897 | €726 | €2,139 | €1,478 | ▼ 30.9% |
| Non-recurring financial charges66B | €380 | €2 | - | - | €244 | - |
| Profit (loss) for the period before taxes9903 | €11,823 | €30,763 | €41,453 | €17,824 | €39,698 | ▲ 123% |
| Income taxes67/77 | €4,426 | €10,916 | €14,947 | €5,905 | €14,476 | ▲ 145% |
| Profit (loss) for the period9904 | €7,397 | €19,847 | €26,505 | €11,919 | €25,222 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €7,397 | €19,847 | €26,505 | €11,919 | €25,222 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168,240 | €169,289 | €222,106 | €209,159 | €290,421 | ▲ 38.9% |
| Fixed assets21/28 | €6,308 | €54 | €7,346 | €10,249 | €42,292 | ▲ 313% |
| Tangible fixed assets22/27 | €6,308 | €54 | €7,346 | €10,249 | €42,292 | ▲ 313% |
| Plant, machinery and equipment23 | - | - | - | - | €7,364 | - |
| Furniture and vehicles24 | €6,308 | €54 | €7,346 | €10,249 | €34,928 | ▲ 241% |
| Current assets29/58 | €161,932 | €169,236 | €214,760 | €198,910 | €248,129 | ▲ 24.7% |
| Stocks and contracts in progress3 | - | - | - | €4,522 | - | - |
| Stocks30/36 | - | - | - | €4,522 | - | - |
| Amounts receivable within one year40/41 | €139,790 | €150,474 | €193,350 | €176,049 | €211,315 | ▲ 20.0% |
| Trade receivables40 | €21,709 | €11,913 | €67,186 | €31,888 | €32,298 | ▲ 1.3% |
| Other amounts receivable41 | €118,081 | €138,561 | €126,164 | €144,161 | €179,017 | ▲ 24.2% |
| Cash at bank and in hand54/58 | €14,647 | €9,600 | €14,229 | €9,514 | €27,849 | ▲ 193% |
| Deferred charges and accrued income490/1 | €7,494 | €9,162 | €7,182 | €8,825 | €8,965 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168,240 | €169,289 | €222,106 | €209,159 | €290,421 | ▲ 38.9% |
| Equity10/15 | €113,789 | €133,637 | €160,142 | €172,061 | €197,283 | ▲ 14.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €98,860 | €116,360 | €141,360 | €153,110 | €178,110 | ▲ 16.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €97,000 | €114,500 | €141,360 | €153,110 | €178,110 | ▲ 16.3% |
| Profit (loss) carried forward14 | €2,529 | €4,877 | €6,382 | €6,551 | €6,773 | ▲ 3.4% |
| Amounts payable17/49 | €54,451 | €35,653 | €61,964 | €37,098 | €93,138 | ▲ 151% |
| Amounts payable after more than one year17 | €13,040 | €8,522 | €8,522 | - | €26,771 | - |
| Financial debts170/4 | €13,040 | €8,522 | €8,522 | - | €26,771 | - |
| Amounts payable within one year42/48 | €41,410 | €27,131 | €53,442 | €37,098 | €66,367 | ▲ 78.9% |
| Current portion of amounts payable after more than one year42 | €5,523 | €4,518 | €1,542 | €10,064 | €17,286 | ▲ 71.8% |
| Trade debts44 | €12,537 | €4,323 | €22,807 | €991 | €15,203 | ▲ 1,435% |
| Suppliers440/4 | €12,537 | €4,323 | €22,807 | €991 | €15,203 | ▲ 1,435% |
| Taxes, remuneration and social security45 | €23,351 | €18,290 | €29,093 | €26,043 | €33,878 | ▲ 30.1% |
| Taxes450/3 | €23,351 | €18,290 | €29,093 | €26,043 | €33,878 | ▲ 30.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,397 | €19,847 | €26,505 | €11,919 | €25,222 | ▲ 112% |
| + Depreciation and write-downs630 | €2,805 | €467 | €1,108 | €3,697 | €7,081 | ▲ 91.5% |
| Operating cash flow (approximation) | €10,202 | €20,314 | €27,613 | €15,616 | €32,303 | ▲ 107% |
| Investment in fixed assets (approximation) | - | €5,788 | -€8,400 | -€6,600 | -€39,124 | ▼ 493% |
| Change in cash | - | -€5,048 | €4,629 | -€4,715 | €18,334 | ▲ 489% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €26,505 ▲33.5%
Operating result €34,997, net result €26,505, both a record.
31-12
Financial
Equity above €150,000Eq €160,142 ▲19.8%
6 profitable years in a row build equity to €160,142.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
31-12
Financial
Weakest financial yearnet €7,397 ▼64.7%
Net result drops to €7,397, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €106,393 ▲24.5%
3 profitable years in a row build equity to €106,393.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Kruisem · 1 establishment unit since 2009
Ground area
947 m²
Building footprint
225 m²
Parcel 45036A0808/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
BV TEC
since 20092.176.264.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45036A0808/00A000 | Flanders | 947 m² | 1 · 225 m² | - |
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.
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Of 211 companies in sector 28299 we hold annual accounts for 154. 109 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
Founded29-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
82100Office administrative and support services
Contact
E-mail
bv.tec@telenet.beKruisem
Phone
0477 25 88 00Kruisem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809514092
Also
9925:BE0809514092
Registered
14-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.