Equity
-€1.0m
Debts exceed assets in financial year 2025.
BVG Technics
Lifetime
8 annual accounts with figures on one time axispeak €138,203 (2018)
-€75,479▼ €85,999
lowest -€580,165 (2025)
-€580,165▼ €479,172
peak €40,547 (2019)
-€1.0m▼ €580,165
€1.3m▲ 21.1%
Board2 names since 2017
2 directors and 1 other
Documentsfilings and deeds
02-02-20262 days late
2025micro format
Gross margin from €10,520 to -€75,479Loss of €580,165Equity from -€436,786 to -€1.0mDebts from €1.1m to €1.3mCash from €39,312 to €10,485
Key points
from the 2025 annual accountsLosses
-€1.1m in six years
Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.3m 189% of the balance sheet
Financial debts 3%Suppliers 1%Taxes and wages 0%Other 96%
Of this, €42,539 falls due within a year.
Liquidity
3.02 was 2.30 in 2024
Short-term debts fell from €51,207 to €42,539.
Filings
8 annual accounts 3 late
The 2022 accounts came latest: 17 days after the end of the period.
Position in the sector
-145.8%
Lower solvency than 95% of companies in motor vehicles. Sector median 42.0% · 131 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 562 companies had the same profile as BVG Technics has now. Each dot stands for 2 companies, two years later.
86.7%
were still trading
4.8%
stopped another way
7.1%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 562 companies, not a prediction for BVG Technics. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0668600115
Registered office moved from Westerlo to Olen
New registered office: Boerenkrijglaan 22, 2250 Olen · Previous registered office: Ottersweier 27, 2260 Westerlo · Appointment: (director) · General meeting of 19-12-2023 · Gazette deed
New establishment in Olen
Boerenkrijglaan 22
New establishment in Westerlo
Geneinde 144
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BVG Technics Olen | - | - | -145.8% | - |
| My RACING Huy | - | - | -235.0% | - |
| WINDROSE TECHNOLOGY ANTWERP Antwerp | - | - | -1772.2% | - |
| Rise Global Antwerp | - | - | 93.8% | - |
| SVD AUTOMOTIVE Saint-Vith | €0.09m | 2.5% | 3.4% | - |
| Rhenus Automotive Brussels Genk | €2.7m | 56.0% | -472.3% | 20.5 |
| COBBLESTONE Berlare | - | - | 51.4% | - |
These companies have the same main activity as BVG Technics: manufacture of motor vehicles (NACE 29100). They are comparable in size and age: total assets between €71,300 and €2m, founded between 2011 and 2024.
Official details
Source: KBO- Status
- Active since 30-12-2016Normal situation
- Activity
- Manufacture of motor vehiclesNACE 29100and 9 others
- Establishment units
- 2.261.243.4122260 Westerlo, since 30-12-2016
- 2.327.514.5052260 Westerlo, since 01-12-2018and 1 other
- Financial year end
- 30 June
- Peppol
- Reachable since 02-12-2025
Insights on BVG Technics
BVG Technics files the micro format. That format states no turnover. The gross margin fell from €138,203 in 2018 to -€75,479 in 2025.
The balance sheet grew most from 2019 to 2020 through fixed assets, financed with long-term debt.
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 BVG Technics
- What is the company number of BVG Technics?
- The company number of BVG Technics is 0668.600.115. The VAT number is the same number with BE in front: BE 0668.600.115.
- Where is BVG Technics based?
- The registered office is at Boerenkrijglaan 22, 2250 Olen.Company details
- What does BVG Technics do?
- According to the KBO register, the main activity is manufacture of motor vehicles (NACE 29100).
- What is the legal form of BVG Technics?
- BVG Technics is a private limited company (BV).
- When was BVG Technics founded?
- BVG Technics was founded on 30-12-2016.
- Is BVG Technics still active?
- Yes, BVG Technics is an active enterprise in the KBO register.
- What is the turnover of BVG Technics?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is BVG Technics profitable?
- In financial year 2025, BVG Technics made a loss of €580,165.
- Where can I find the annual accounts of BVG Technics?
- BVG Technics filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BVG Technics due?
- BVG Technics must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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