Bvec
ActiveSummary
The computed 12-month bankruptcy probability of Bvec is 2.1% (moderate). The 2025 annual accounts show equity of €19,689 and a net result of -€10,484. Its solvency ranks better than 55% of 252 sector peers (NACE 27, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €19,689
- Loss
- -€10,484
Why 52raises riskLatest accounts 58 days late; 1 of the last 3 lateFounded in 2022Size: total assets €35,688lowers riskLiquidity: current ratio 0.90, cash €4,510, halvedShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 27, micro): better than 60% on solvency, 38% on liquidity, 7% on profitability and 13% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 44 days after the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: Brecht Vervust (manager)Appointment: Brecht Vervust (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (58 days) Filed on 27 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548343.
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €10,082 after €15,462 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 27, Manufacture of electrical equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 87.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,225 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €70 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,482 | €3,547 | ▲ 1.9% |
| Other operating charges640/8 | €508 | €654 | ▲ 28.6% |
| Gross operating margin9900 | €19,522 | -€5,882 | - |
| Operating profit (loss)9901 | €15,462 | -€10,082 | - |
| Financial income75/76B | €17 | €44 | ▲ 159% |
| Recurring financial income75 | €17 | €44 | ▲ 159% |
| Financial charges65/66B | €484 | €299 | ▼ 38.2% |
| Recurring financial charges65 | €484 | €299 | ▼ 38.2% |
| Profit (loss) for the period before taxes9903 | €14,995 | -€10,338 | - |
| Income taxes67/77 | €3,143 | €146 | ▼ 95.4% |
| Profit (loss) for the period9904 | €11,853 | -€10,484 | - |
| Profit (loss) for the period to be appropriated9905 | €11,853 | -€10,484 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €55,688 | €35,688 | ▼ 35.9% |
| Fixed assets21/28 | €19,612 | €21,329 | ▲ 8.8% |
| Tangible fixed assets22/27 | €19,612 | €21,329 | ▲ 8.8% |
| Land and buildings22 | €12,594 | €16,345 | ▲ 29.8% |
| Furniture and vehicles24 | €7,018 | €4,984 | ▼ 29.0% |
| Current assets29/58 | €36,076 | €14,359 | ▼ 60.2% |
| Amounts receivable within one year40/41 | €11,659 | €0 | ▼ 100% |
| Trade receivables40 | €11,653 | €0 | ▼ 100% |
| Other amounts receivable41 | €6 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €11,414 | €4,510 | ▼ 60.5% |
| Deferred charges and accrued income490/1 | €13,003 | €9,849 | ▼ 24.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €55,688 | €35,688 | ▼ 35.9% |
| Equity10/15 | €30,173 | €19,689 | ▼ 34.7% |
| Contributions10/11 | €500 | €500 | = |
| Reserves13 | €29,673 | €19,189 | ▼ 35.3% |
| Distributable reserves133 | €29,673 | €19,189 | ▼ 35.3% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €25,515 | €15,998 | ▼ 37.3% |
| Amounts payable within one year42/48 | €25,515 | €15,998 | ▼ 37.3% |
| Trade debts44 | €4,004 | €1,788 | ▼ 55.3% |
| Suppliers440/4 | €4,004 | €1,788 | ▼ 55.3% |
| Taxes, remuneration and social security45 | €10,651 | €879 | ▼ 91.7% |
| Taxes450/3 | €10,651 | €879 | ▼ 91.7% |
| Other amounts payable47/48 | €10,861 | €13,331 | ▲ 22.8% |
| Accrued charges and deferred income492/3 | €0 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €11,853 | -€10,484 | - |
| + Depreciation and write-downs630 | €3,482 | €3,547 | ▲ 1.9% |
| Operating cash flow (approximation) | €15,335 | -€6,937 | - |
| Investment in fixed assets (approximation) | - | -€5,264 | - |
| Change in cash | - | -€6,904 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-09-2026 | 2026-00548343 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00480339 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Brecht Vervust |
|
Owners and capital
Capital and shareholders
- 29-04-2025 Capital stated in the deed · 500 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-04
Gazette deed
Resignation: Brecht Vervust (manager)Appointment: Brecht Vervust (director) · Auditor report · Net-asset statement15 facts ▸
- General meeting, 31-03-2025
- Other provision, “vrijstelling voorlezing verslagen omzetting en kennisname, EERSTE BESLUIT” (deed in Dutch)
- Auditor report, “overwaardering netto-actief of passief uit boekhoudkundige staat, exemplaar verslag bestuursorgaan en verslag bedrijfsrevisor met uitgifte akte op griffie Onder…” (deed in Dutch)
- Net-asset statement, EUR, 30172.88
- Other provision, “aansprakelijkheid gecommanditeerde vennoten bij omzetting, kennis van aansprakelijkheid bij omzetting” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Capital
- Director resignation, Brecht Vervust (manager)
- Director appointment, Brecht Vervust (director (not named in the articles))
- Director discharge, Brecht Vervust
- Other provision, “verbodsbepaling mandaat, niet getroffen door enige verbodsbepaling” (deed in Dutch)
- +3 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0794.673.785
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34010A0237/00T000 | Flanders | 544 m² | 1 · 119 m² | 0.6 m |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BVEC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)“Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)“Onder voorwaarden Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie indien geen andere vereffenaar benoemd, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding…” (deed in Dutch)