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BVD BE

Active
Private limited companyfounded 20223 yrs activeChaussée de Bruxelles 509-511, 1410 Waterloo, BelgiumKBO/BCE: BE 0794.495.425
Summary

The computed 12-month bankruptcy probability of BVD BE is 1.8% (moderate). The 2025 annual accounts show equity of €165,465 and a net result of €10,722. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 48% of 4926 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability45▲+16
Solvency69▲+9
Growth55=
Track record94
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.53 in 2024; short-term debt: 56.4% and cash: 26.5% of total assets), but 56.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 12-10-2025, 19 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
19 d early
2024
1 d early
2023
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 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

BVD BE was incorporated on 7 December 2022 as a Private limited company.1 Revenue grew from EUR 81,920 in 2023 to EUR 405,195 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€405,195▲ 284%
2024 · €105,513
EBIT margin
3.6%▼ 1.4pp
2024 · 5.0%
Net result
€10,722
2024 · -€14,354
Working capital
€165,465▲ 6.9%
2024 · €154,743
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line202320242025
Turnover€81,920-€105,513▲ 28.8%€405,195▲ 284%
Operating result€69,134-€5,276▼ 92.4%€14,717▲ 179%
Net result€69,096within the sector's middle half--€14,354below the sector's middle half€10,722within the sector's middle half
EBIT margin84.4%-5.0%▼ 79.4pp3.6%▼ 1.4pp
Equity€169,096below the sector's middle half-€154,743below the sector's middle half▼ 8.5%€165,465below the sector's middle half▲ 6.9%
Total assets€197,690below the sector's middle half-€445,098below the sector's middle half▲ 125%€379,594below the sector's middle half▼ 14.7%
Debt€28,593-€290,355▲ 915%€214,130▼ 26.3%
Working capital€180,661-€154,743▼ 14.3%€165,465▲ 6.9%
Solvency85.5%above the sector's middle half-34.8%within the sector's middle half▼ 50.8pp43.6%within the sector's middle half▲ 8.8pp
Staff (FTE)2below the sector's middle half
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2023: €69,134€69,134Net result 2023: €69,096€69,096Operating result 2024: €5,276€5,276Net result 2024: -€14,354-€14,354Operating result 2025: €14,717€14,717Net result 2025: €10,722€10,722202320242025-€25,000€0€25,000€50,000€75,000Operating result 2023: €69,134€69,100Net result 2023: €69,096€69,100Operating result 2024: €5,276€5,280Net result 2024: -€14,354-€14,400Operating result 2025: €14,717€14,700Net result 2025: €10,722€10,700202320242025
The operating result recovers in 2025; 2025 is 179% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €379,594
Equity €165,465 ▲ 6.9%
Debt €214,130 ▼ 26.3%
Debt's share of the balance-sheet total falls from 65.2% to 56.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.77▲
2024 · 1.53
Debt to equity
1.29▼
2024 · 1.88
ROE
6.5%▲
2024 · -9.3%
ROA
2.8%▲
2024 · -3.2%
Debt ≤ 1 year
€214,130▼
2024 · €290,355
Income taxes
€3,643▼
2024 · €19,301
Staff costs
€119,468
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,549 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
1.8% went bankrupt
3.1% stopped otherwise
94% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,662 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 2,549 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 · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€445,098€379,594▼
Current assets29/58€445,098€379,594▼
Amounts receivable within one year40/41€184,764€273,998▲
Trade receivables40€134,941€272,695▲
Other amounts receivable41€49,823€1,303▼
Cash at bank and in hand54/58€260,334€100,555▼
Deferred charges and accrued income490/1-€5,041
Equity and liabilities
Total equity and liabilities10/49€445,098€379,594▼
Equity10/15€154,743€165,465▲
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14€54,743€65,465▲
Amounts payable17/49€290,355€214,130▼
Amounts payable within one year42/48€290,355€214,130▼
Trade debts44€289,105€195,338▼
Suppliers440/4€289,105€195,338▼
Taxes, remuneration and social security45€1,250€18,792▲
Taxes450/3€1,250€3,573▲
Remuneration and social security454/9-€15,219
Income statement Code20242025
Turnover70€105,513€405,195▲
Goods, raw materials, services and sundry goods60/61€100,237€363,011▲
Remuneration, social security and pensions62-€119,468
Non-recurring operating charges66A-€17
Gross operating margin9900€5,276€134,202▲
Operating profit (loss)9901€5,276€14,717▲
Financial charges65/66B€329€352▲
Recurring financial charges65€329€352▲
Profit (loss) for the period before taxes9903€4,948€14,366▲
Income taxes67/77€19,301€3,643▼
Profit (loss) for the period9904-€14,354€10,722▲
Profit (loss) for the period to be appropriated9905-€14,354€10,722▲
Appropriation of the result
Profit (loss) to be appropriated9906€54,743€65,465▲
Profit (loss) brought forward from the previous period14P€69,096€54,743▼
Social balance
Average headcount (FTE)9087-2.0

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Turnover70€81,920€105,513€405,195▲ 284%
Goods, raw materials, services and sundry goods60/61€12,786€100,237€363,011▲ 262%
Remuneration, social security and pensions62--€119,468-
Non-recurring operating charges66A--€17-
Gross operating margin9900€69,134€5,276€134,202▲ 2,444%
Operating profit (loss)9901€69,134€5,276€14,717▲ 179%
Financial charges65/66B€38€329€352▲ 7.0%
Recurring financial charges65€38€329€352▲ 7.0%
Profit (loss) for the period before taxes9903€69,096€4,948€14,366▲ 190%
Income taxes67/77-€19,301€3,643▼ 81.1%
Profit (loss) for the period9904€69,096-€14,354€10,722▲ 175%
Profit (loss) for the period to be appropriated9905€69,096-€14,354€10,722▲ 175%
Line202320242025Change
Assets
Total assets20/58€197,690€445,098€379,594▼ 14.7%
Current assets29/58€197,690€445,098€379,594▼ 14.7%
Amounts receivable within one year40/41€56,135€184,764€273,998▲ 48.3%
Trade receivables40€56,135€134,941€272,695▲ 102%
Other amounts receivable41-€49,823€1,303▼ 97.4%
Cash at bank and in hand54/58€141,555€260,334€100,555▼ 61.4%
Deferred charges and accrued income490/1--€5,041-
Equity and liabilities
Total equity and liabilities10/49€197,690€445,098€379,594▼ 14.7%
Equity10/15€169,096€154,743€165,465▲ 6.9%
Contributions10/11€100,000€100,000€100,000=
Profit (loss) carried forward14€69,096€54,743€65,465▲ 19.6%
Amounts payable17/49€28,593€290,355€214,130▼ 26.3%
Amounts payable within one year42/48€17,029€290,355€214,130▼ 26.3%
Trade debts44-€289,105€195,338▼ 32.4%
Suppliers440/4-€289,105€195,338▼ 32.4%
Taxes, remuneration and social security45€17,029€1,250€18,792▲ 1,403%
Taxes450/3€17,029€1,250€3,573▲ 186%
Remuneration and social security454/9--€15,219-
Accrued charges and deferred income492/3€11,565---
Line202320242025Change
Profit (loss) for the period9904€69,096-€14,354€10,722▲ 175%
Operating cash flow (approximation)€69,096-€14,354€10,722▲ 175%
Change in cash-€118,779-€159,778▼ 235%

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 31-10-2026
2025
12-10
NBB filing Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial Back to profitnet €10,722
Net result €10,722 after one loss-making year.
2024
30-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial Weakest financial yearnet -€14,354
Net result drops to -€14,354, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema
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.

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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, Waterloo
exact location from the address register On OpenStreetMap
Ground area
1,147 m²
Building footprint
1,128 m²
Parcel 25764O0294/00F000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25764O0294/00F000 Wallonia 1,147 m² 1 · 1,128 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Blue Forest Investment (BFI) SASFR 100%
  2. BVD BE

Highest known parent: Blue Forest Investment (BFI) SAS (France). The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-03-2025 list no holdings, and no other source names one.

According to the annual accounts to 31-03-2025 of BVD BE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 332 companies in sector 46492 we hold annual accounts for 240. 189 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
Founded07-12-2022
Fiscal year end31-03
Activities, NACEBEL 2025
46492Wholesale trade
47621Retail sale of newspapers and periodicals
18120Other printing
47400Retail sale of information and communication equipment
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794495425
Also 9925:BE0794495425
Registered 23-10-2025

Register as of 27 September 2026 · Peppol Directory

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