BVAK
ActiveSummary
BVAK has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €41k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+23
Solvency63▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.66 in 2024; short-term debt: 36.1% and cash: 22.3% of total assets), and 62.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
37.8%
Return on assets
16.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
2 d early
2021
3 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€142k
EBIT margin
2.4%
Net result
€41k▲ 1,792%
2024 · €2k
2018: €-1k
2019: €-13k▼ -920% vs 2018lowest in 8 years
2020: €13k▲ +194% vs 2019
2021: €3k▼ -74.9% vs 2020
2022: €6k▲ +92.3% vs 2021
2023: €12k▲ +89.4% vs 2022
2024: €2k▼ -81.5% vs 2023
2025: €41k▲ +1792% vs 2024highest in 8 years
2018 → 2025
Working capital
€-8k▲ 72.7%
2024 · €-30k
2018: €15khighest in 8 years
2019: €6k▼ -63.2% vs 2018
2020: €9k▲ +50.0% vs 2019
2021: €-21k▼ -347% vs 2020
2022: €-40k▼ -91.2% vs 2021
2023: €-53k▼ -31.0% vs 2022lowest in 8 years
2024: €-30k▲ +43.8% vs 2023
2025: €-8k▲ +72.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€54k▲ 12.7%€66k▲ 21.3%€68k▲ 3.3%€94k▲ 37.6%
2021: €48klowest in 5 years
2022: €54k▲ +12.7% vs 2021
2023: €66k▲ +21.3% vs 2022
2024: €68k▲ +3.3% vs 2023
2025: €94k▲ +37.6% vs 2024highest in 5 years
Operating result€9k-€11k▲ 26.8%€34k▲ 200%€14k▼ 59.0%€61k▲ 338%
2021: €9klowest in 5 years
2022: €11k▲ +26.8% vs 2021
2023: €34k▲ +200% vs 2022
2024: €14k▼ -59.0% vs 2023
2025: €61k▲ +338% vs 2024highest in 5 years
Net result€3k-€6k▲ 92.3%€12k▲ 89.4%€2k▼ 81.5%€41k▲ 1,792%
2021: €3k
2022: €6k▲ +92.3% vs 2021
2023: €12k▲ +89.4% vs 2022
2024: €2k▼ -81.5% vs 2023lowest in 5 years
2025: €41k▲ +1792% vs 2024highest in 5 years
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 338% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248k
Fixed assets
€167k ▼ 6.5%
Current assets
€81k ▲ 43.3%
Equity and liabilities €248k
Equity
€94k ▲ 37.6%
Provisions
€22k =
Debt
€132k ▼ 8.8%
Debt's share of the balance-sheet total falls from 61.5% to 53.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74k▲
2024 · €29k
Cash flow
€54k▲
2024 · €17k
Current ratio
0.91▲
2024 · 0.66
Debt to equity
1.40▼
2024 · 2.12
ROE
43.3%▲
2024 · 3.1%
ROA
16.4%▲
2024 · 0.9%
Interest coverage
19.10▲
2024 · 5.48
Debt ≤ 1 year
€89k▲
2024 · €86k
Debt > 1 year
€42k▼
2024 · €58k
Income taxes
€16k▲
2024 · €7k
Staff costs
€4k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€235k€248k▲
Fixed assets21/28€178k€167k▼
Tangible fixed assets22/27€178k€167k▼
Land and buildings22€147k€142k▼
Plant, machinery and equipment23€29k€23k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€57k€81k▲
Amounts receivable within one year40/41€20k€21k▲
Trade receivables40€20k€21k▲
Cash at bank and in hand54/58€34k€55k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€235k€248k▲
Equity10/15€68k€94k▲
Contributions10/11€8k€8k=
Reserves13€26k€52k▲
Distributable reserves133€26k€52k▲
Profit (loss) carried forward14€34k€34k=
Provisions and deferred taxes16€22k€22k=
Provisions for liabilities and charges160/5€22k€22k=
Other liabilities and charges164/5€22k€22k=
Amounts payable17/49€144k€132k▼
Amounts payable after more than one year17€58k€42k▼
Financial debts170/4€58k€42k▼
Amounts payable within one year42/48€86k€89k▲
Current portion of amounts payable after more than one year42€15k€16k▲
Trade debts44€19k€20k▲
Suppliers440/4€19k€20k▲
Taxes, remuneration and social security45€21k€24k▲
Taxes450/3€16k€22k▲
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€30k€30k▼
Income statement
Code20242025
Remuneration, social security and pensions62€27k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€13k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€22k-
Other operating charges640/8€2k€762▼
Gross operating margin9900€80k€79k▼
Operating profit (loss)9901€14k€61k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€9k€57k▲
Income taxes67/77€7k€16k▲
Profit (loss) for the period9904€2k€41k▲
Profit (loss) for the period to be appropriated9905€2k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€75k▲
Profit (loss) brought forward from the previous period14P€32k€34k▲
Transfer from equity791/2-€15k
Transfer to equity691/2-€41k
To other reserves6921-€41k
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €23k | €31k | €34k | €27k | €4k | ▼ 84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €10k | €14k | €15k | €13k | ▼ 8.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €22k | - | - |
| Other operating charges640/8 | €1k | €7k | €2k | €2k | €762 | ▼ 69.0% |
| Gross operating margin9900 | €41k | €59k | €84k | €80k | €79k | ▼ 1.4% |
| Operating profit (loss)9901 | €9k | €11k | €34k | €14k | €61k | ▲ 338% |
| Financial income75/76B | €38 | - | - | - | - | - |
| Recurring financial income75 | €38 | - | - | - | - | - |
| Financial charges65/66B | €4k | €4k | €14k | €5k | €4k | ▼ 25.4% |
| Recurring financial charges65 | €4k | €4k | €14k | €5k | €4k | ▼ 25.4% |
| Profit (loss) for the period before taxes9903 | €5k | €8k | €20k | €9k | €57k | ▲ 556% |
| Income taxes67/77 | €2k | €1k | €9k | €7k | €16k | ▲ 150% |
| Profit (loss) for the period9904 | €3k | €6k | €12k | €2k | €41k | ▲ 1,792% |
| Profit (loss) for the period to be appropriated9905 | €3k | €6k | €12k | €2k | €41k | ▲ 1,792% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €222k | €281k | €245k | €235k | €248k | ▲ 5.5% |
| Fixed assets21/28 | €172k | €183k | €192k | €178k | €167k | ▼ 6.5% |
| Tangible fixed assets22/27 | €172k | €183k | €192k | €178k | €167k | ▼ 6.5% |
| Land and buildings22 | €161k | €157k | €152k | €147k | €142k | ▼ 3.3% |
| Plant, machinery and equipment23 | €4k | €22k | €37k | €29k | €23k | ▼ 22.6% |
| Furniture and vehicles24 | €7k | €4k | €4k | €2k | €2k | ▼ 3.6% |
| Current assets29/58 | €50k | €98k | €53k | €57k | €81k | ▲ 43.3% |
| Amounts receivable within one year40/41 | €15k | €66k | €26k | €20k | €21k | ▲ 4.6% |
| Trade receivables40 | €15k | €66k | €26k | €20k | €21k | ▲ 4.6% |
| Cash at bank and in hand54/58 | €34k | €28k | €23k | €34k | €55k | ▲ 63.4% |
| Deferred charges and accrued income490/1 | €655 | €3k | €4k | €2k | €5k | ▲ 92.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €222k | €281k | €245k | €235k | €248k | ▲ 5.5% |
| Equity10/15 | €48k | €54k | €66k | €68k | €94k | ▲ 37.6% |
| Contributions10/11 | €6k | €6k | €6k | €8k | €8k | = |
| Outside capital11 | - | €6k | - | - | - | - |
| Other1109/19 | - | €6k | - | - | - | - |
| Reserves13 | €11k | €17k | €28k | €26k | €52k | ▲ 98.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €9k | €15k | €26k | €26k | €52k | ▲ 98.5% |
| Profit (loss) carried forward14 | €31k | €31k | €32k | €34k | €34k | = |
| Provisions and deferred taxes16 | - | - | - | €22k | €22k | = |
| Provisions for liabilities and charges160/5 | - | - | - | €22k | €22k | = |
| Other liabilities and charges164/5 | - | - | - | €22k | €22k | = |
| Amounts payable17/49 | €174k | €227k | €179k | €144k | €132k | ▼ 8.8% |
| Amounts payable after more than one year17 | €103k | €88k | €73k | €58k | €42k | ▼ 27.0% |
| Financial debts170/4 | €103k | €88k | €73k | €58k | €42k | ▼ 27.0% |
| Amounts payable within one year42/48 | €71k | €138k | €105k | €86k | €89k | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | €14k | €15k | €15k | €15k | €16k | ▲ 2.6% |
| Trade debts44 | - | €68k | €29k | €19k | €20k | ▲ 4.1% |
| Suppliers440/4 | - | €68k | €29k | €19k | €20k | ▲ 4.1% |
| Taxes, remuneration and social security45 | €14k | €16k | €25k | €21k | €24k | ▲ 12.8% |
| Taxes450/3 | €11k | €13k | €19k | €16k | €22k | ▲ 39.2% |
| Remuneration and social security454/9 | €3k | €3k | €6k | €5k | €2k | ▼ 64.1% |
| Other amounts payable47/48 | €43k | €39k | €36k | €30k | €30k | ▼ 3.0% |
| Accrued charges and deferred income492/3 | - | €347 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €6k | €12k | €2k | €41k | ▲ 1,792% |
| + Depreciation and write-downs630 | €9k | €10k | €14k | €15k | €13k | ▼ 8.7% |
| Operating cash flow (approximation) | €12k | €16k | €25k | €17k | €54k | ▲ 221% |
| Investment in fixed assets (approximation) | - | €-21k | €-23k | €-588 | €-2k | ▼ 195% |
| Change in cash | - | €-6k | €-6k | €11k | €21k | ▲ 91.5% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €41k ▲1,792%
Operating result €61k, net result €41k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tubize · 1 establishment unit since 2010
Ground area
646 m²
Building footprint
63 m²
Volume, LiDAR
407 m³
Parcel 25019B0104/00N004, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route Provinciale 97, 1480 Tubize
since 20102.193.129.220
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019B0104/00N004 | Wallonia | 646 m² | 1 · 62 m² | 7.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845005559A3AEC99D09
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,577 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
Founded05-10-2010
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
70200Business and other management consultancy
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.