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BVI.EU

Active
Public limited companyfounded 199927 yrs activePrins Boudewijnlaan 7C, 2550 Kontich, BelgiumKBO/BCE: BE 0465.563.376
Summary

BVI.EU has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.1m and a net result of €38,582. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability34▼-1
Solvency46▼-4
Growth66▼-19
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 3.6 in 2024; short-term debt: 21.1% and cash: 3.3% of total assets), but 78.8% of the assets are financed with debt.
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Signals

Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
21.2%
Return on assets
0.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
5 d late
2024
17 d early
2023
2 d early
2022
11 d early
2021
23 d late
2020
18 d early
2019
14 d early
← 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 5 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 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

BVI.EU was incorporated on 24 March 1999.1 In 2026 the capital was increased by EUR 5.9 million to EUR 11 million.2 Revenue grew from EUR 4.3 million in 2019 to EUR 12 million in 2025 and headcount from 8 full-time equivalents in 2023 to 11.1 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 01-06-2026
  3. 3National Bank, annual accounts 2019, 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€11.7m▼ 8.7%
2024 · €12.8m
EBIT margin
6.4%▼ 0.6pp
2024 · 7.0%
Net result
€38,582▼ 96.0%
2024 · €957,060
Working capital
€11.3m▼ 68.0%
2024 · €35.4m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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€4.2m▼ 6.2%€6.1m▲ 47.1%€15.2m▲ 147%€12.8m▼ 15.3%€11.7m▼ 8.7%
Operating result-€194,409-€787,862▼ 305%€272,193€894,015▲ 228%€746,381▼ 16.5%
Net result€256,764above the sector's middle half▼ 91.1%€5.6mabove the sector's middle half▲ 2,099%-€33,247below the sector's middle half€957,060above the sector's middle half€38,582within the sector's middle half▼ 96.0%
EBIT margin-4.7%▼ 18.5pp-12.8%▼ 8.2pp1.8%▲ 14.6pp7.0%▲ 5.2pp6.4%▼ 0.6pp
Equity€3.4mabove the sector's middle half▲ 8.0%€9.1mabove the sector's middle half▲ 164%€14.1mabove the sector's middle half▲ 54.6%€15.0mabove the sector's middle half▲ 6.8%€15.1mabove the sector's middle half▲ 0.3%
Total assets€22.7mabove the sector's middle half▲ 83.1%€29.4mabove the sector's middle half▲ 29.4%€59.1mabove the sector's middle half▲ 101%€61.3mabove the sector's middle half▲ 3.6%€70.9mabove the sector's middle half▲ 15.6%
Debt€19.3m▲ 109%€20.3m▲ 5.4%€45.1m▲ 122%€46.3m▲ 2.7%€55.8m▲ 20.6%
Working capital€11.8mabove the sector's middle half▲ 90.8%€15.2mabove the sector's middle half▲ 28.4%€31.0mabove the sector's middle half▲ 104%€35.4mabove the sector's middle half▲ 14.1%€11.3mabove the sector's middle half▼ 68.0%
Solvency15.2%within the sector's middle half▼ 10.5pp30.9%within the sector's middle half▲ 15.8pp23.8%within the sector's middle half▼ 7.2pp24.5%within the sector's middle half▲ 0.7pp21.2%within the sector's middle half▼ 3.3pp
Current ratio3.35within the sector's middle half▲ 0.933.19above the sector's middle half▼ 0.162.96within the sector's middle half▼ 0.233.60above the sector's middle half▲ 0.641.76within the sector's middle half▼ 1.84
Return on assets (ROA)1.1%within the sector's middle half▼ 22.2pp19.2%above the sector's middle half▲ 18.1pp-0.1%within the sector's middle half▼ 19.3pp1.6%within the sector's middle half▲ 1.6pp0.1%within the sector's middle half▼ 1.5pp
Staff (FTE)8above the sector's middle half10.9above the sector's middle half▲ 36.3%11.1above the sector's middle half▲ 1.8%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€2.0m€0€2.0m€4.0m€6.0mOperating result 2021: -€194,409-€194,409Net result 2021: €256,764€256,764Operating result 2022: -€787,862-€787,862Net result 2022: €5.6m€5.6mOperating result 2023: €272,193€272,193Net result 2023: -€33,247-€33,247Operating result 2024: €894,015€894,015Net result 2024: €957,060€957,060Operating result 2025: €746,381€746,381Net result 2025: €38,582€38,58220212022202320242025-€250,000€0€250,000€500,000€750,000€1mOperating result 2023: €272,193€272,000Net result 2023: -€33,247-€33,200Operating result 2024: €894,015€894,000Net result 2024: €957,060€957,000Operating result 2025: €746,381€746,000Net result 2025: €38,582€38,600202320242025
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70.9m
Fixed assets €44.6m ▲ 263%
Current assets €26.3m ▼ 46.3%
Equity and liabilities €70.9m
Equity €15.1m ▲ 0.3%
Debt €55.8m ▲ 20.6%
Debt's share of the balance-sheet total rises from 75.5% to 78.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.1m▼
2024 · €1.2m
Cash flow
€354,261▼
2024 · €1.3m
Quick ratio
1.57▼
2024 · 3.25
Debt to equity
3.71▲
2024 · 3.08
ROE
0.3%▼
2024 · 6.4%
Interest coverage
0.42▼
2024 · 0.43
Debt ≤ 1 year
€15.0m▲
2024 · €13.6m
Debt > 1 year
€40.5m▲
2024 · €32.5m
Income taxes
€258,031▲
2024 · €39,481
Staff costs
€1.0m▼
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.0% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 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 4,681 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 · 104 lines
Balance sheet Code20242025
Assets
Total assets20/58€61.3m€70.9m▲
Fixed assets21/28€12.3m€44.6m▲
Intangible fixed assets21€346,211€298,081▼
Tangible fixed assets22/27€10.6m€10.7m▲
Land and buildings22€6.3m€5.1m▼
Plant, machinery and equipment23€104,957€39,815▼
Furniture and vehicles24€5,539€11,921▲
Other tangible fixed assets26€240,244€222,497▼
Assets under construction and advance payments27€3.9m€5.3m▲
Financial fixed assets28€1.3m€33.6m▲
Affiliated companies280/1€1.1m€28.0m▲
Participating interests280€1.1m€1.0m▼
Amounts receivable281-€26.9m
Companies linked by participating interests282/3€181,860€5.5m▲
Participating interests282€181,860€127,378▼
Amounts receivable283-€5.4m
Other financial fixed assets284/8€15,450€72,453▲
Amounts receivable and cash guarantees285/8€15,450€72,453▲
Current assets29/58€49.0m€26.3m▼
Amounts receivable after more than one year29€32.6m€2.0m▼
Other amounts receivable291€32.6m€2.0m▼
Stocks and contracts in progress3€4.7m€2.7m▼
Stocks30/36€4.7m€2.7m▼
Property held for sale35€4.7m€2.7m▼
Amounts receivable within one year40/41€9.7m€17.9m▲
Trade receivables40€6.2m€8.3m▲
Other amounts receivable41€3.5m€9.6m▲
Current investments50/53€1.2m€1.0m▼
Other investments51/53€1.2m€1.0m▼
Cash at bank and in hand54/58€564,445€2.3m▲
Deferred charges and accrued income490/1€277,437€302,020▲
Equity and liabilities
Total equity and liabilities10/49€61.3m€70.9m▲
Equity10/15€15.0m€15.1m▲
Contributions10/11€5.1m€5.1m=
Capital10€5.1m€5.1m=
Issued capital100€5.1m€5.1m=
Reserves13€9.5m€9.5m=
Non-distributable reserves130/1€506,000€506,000=
Legal reserve130€506,000€506,000=
Distributable reserves133€9.0m€9.0m=
Profit (loss) carried forward14€457,260€495,843▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Environmental obligations163€0-
Amounts payable17/49€46.3m€55.8m▲
Amounts payable after more than one year17€32.5m€40.5m▲
Financial debts170/4€32.4m€40.5m▲
Subordinated loans170€15.3m€14.9m▼
Credit institutions173€8.5m€8.7m▲
Other loans174€8.6m€16.9m▲
Other amounts payable178/9€58,888€60,739▲
Amounts payable within one year42/48€13.6m€15.0m▲
Current portion of amounts payable after more than one year42€65,983€3.1m▲
Financial debts43€903,438€0▼
Credit institutions430/8€903,438€0▼
Trade debts44€4.6m€4.4m▼
Suppliers440/4€4.6m€4.4m▼
Advances received on contracts in progress46-€240,000
Taxes, remuneration and social security45€246,706€508,355▲
Taxes450/3€149,592€438,648▲
Remuneration and social security454/9€97,114€69,707▼
Other amounts payable47/48€7.8m€6.7m▼
Accrued charges and deferred income492/3€187,603€308,665▲
Income statement Code20242025
Operating income70/76A€13.2m€12.2m▼
Turnover70€12.8m€11.7m▼
Own construction capitalised72€77,556€42,473▼
Other operating income74€244,652€68,606▼
Non-recurring operating income76A€0€386,955▲
Operating charges60/66A€12.3m€11.5m▼
Goods for resale, raw materials and consumables60€5.8m€4.9m▼
Purchases600/8€7.7m€2.9m▼
Change in stocks: decrease (increase)609-€1.9m€2.0m▲
Services and other goods61€5.1m€5.0m▼
Remuneration, social security and pensions62€1.0m€1.0m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€308,583€315,679▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€24,000€0▲
Other operating charges640/8€102,906€145,302▲
Non-recurring operating charges66A€0€33,048▲
Operating profit (loss)9901€894,015€746,381▼
Financial income75/76B€3.0m€2.2m▼
Recurring financial income75€2.2m€1.7m▼
Income from financial fixed assets750€1.8m€1.6m▼
Income from current assets751€315,174€82,906▼
Other financial income752/9€12,559€565▼
Non-recurring financial income76B€827,653€525,012▼
Financial charges65/66B€2.9m€2.6m▼
Recurring financial charges65€2.9m€2.6m▼
Debt charges650€2.8m€2.5m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€66,000€27,408▼
Other financial charges652/9€14,509€15,657▲
Non-recurring financial charges66B€154€50,019▲
Profit (loss) for the period before taxes9903€996,541€296,613▼
Income taxes67/77€39,481€258,031▲
Taxes670/3€39,481€258,031▲
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€957,060€38,582▼
Profit (loss) for the period to be appropriated9905€957,060€38,582▼
Appropriation of the result
Profit (loss) to be appropriated9906€957,060€495,843▼
Profit (loss) brought forward from the previous period14P-€457,260
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€499,800€0▼
To the legal reserve6920€499,800€0▼
Social balance
Average headcount (FTE)908710.911.1▲

The notes to these accounts (130 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€4.2m€7.0m€15.9m€13.2m€12.2m▼ 7.2%
Turnover70€4.2m€6.1m€15.2m€12.8m€11.7m▼ 8.7%
Own construction capitalised72--€129,254€77,556€42,473▼ 45.2%
Other operating income74€33,776€71,813€576,672€244,652€68,606▼ 72.0%
Non-recurring operating income76A-€787,397€16,964€0€386,955-
Operating charges60/66A€4.4m€7.8m€15.6m€12.3m€11.5m▼ 6.5%
Goods for resale, raw materials and consumables60€1.0m€1.9m€8.5m€5.8m€4.9m▼ 14.9%
Purchases600/8€916,262€2.1m€10.3m€7.7m€2.9m▼ 61.7%
Change in stocks: decrease (increase)609€87,896-€278,948-€1.8m-€1.9m€2.0m▲ 206%
Services and other goods61€3.2m€5.7m€5.9m€5.1m€5.0m▼ 0.6%
Remuneration, social security and pensions62--€999,523€1.0m€1.0m▼ 1.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€122,288€131,849€214,251€308,583€315,679▲ 2.3%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€24,000-€24,000€0▲ 100%
Other operating charges640/8€58,761€16,106€26,037€102,906€145,302▲ 41.2%
Non-recurring operating charges66A€374€90,881€8,633€0€33,048-
Operating profit (loss)9901-€194,409-€787,862€272,193€894,015€746,381▼ 16.5%
Financial income75/76B€906,562€7.6m€1.6m€3.0m€2.2m▼ 27.3%
Recurring financial income75€906,562€7.6m€1.6m€2.2m€1.7m▼ 23.8%
Income from financial fixed assets750€906,211€7.6m€1.6m€1.8m€1.6m▼ 14.8%
Income from current assets751---€315,174€82,906▼ 73.7%
Other financial income752/9€351€1€7€12,559€565▼ 95.5%
Non-recurring financial income76B--€56,000€827,653€525,012▼ 36.6%
Financial charges65/66B€455,389€1.1m€1.9m€2.9m€2.6m▼ 9.2%
Recurring financial charges65€455,389€1.1m€1.9m€2.9m€2.6m▼ 10.9%
Debt charges650€446,318€1.1m€1.9m€2.8m€2.5m▼ 9.9%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€57,670€0-€66,000€27,408▼ 58.5%
Other financial charges652/9€66,741€6,692€13,768€14,509€15,657▲ 7.9%
Non-recurring financial charges66B-€9,640€0€154€50,019▲ 32,401%
Profit (loss) for the period before taxes9903€256,764€5.6m-€31,221€996,541€296,613▼ 70.2%
Income taxes67/77€0-€2,027€39,481€258,031▲ 554%
Taxes670/3€0-€2,857€39,481€258,031▲ 554%
Tax adjustments and reversals of tax provisions77--€830€0--
Profit (loss) for the period9904€256,764€5.6m-€33,247€957,060€38,582▼ 96.0%
Profit (loss) for the period to be appropriated9905€256,764€5.6m-€33,247€957,060€38,582▼ 96.0%
Line20212022202320242025Change
Assets
Total assets20/58€22.7m€29.4m€59.1m€61.3m€70.9m▲ 15.6%
Fixed assets21/28€5.9m€7.3m€12.3m€12.3m€44.6m▲ 263%
Intangible fixed assets21€22,876€50,905€181,976€346,211€298,081▼ 13.9%
Tangible fixed assets22/27€2.3m€3.4m€8.0m€10.6m€10.7m▲ 1.1%
Land and buildings22€577,388€2.7m€6.1m€6.3m€5.1m▼ 19.6%
Plant, machinery and equipment23€111,637€128,226€154,952€104,957€39,815▼ 62.1%
Furniture and vehicles24€122,992€37,273€8,821€5,539€11,921▲ 115%
Other tangible fixed assets26€87,987€315,467€295,477€240,244€222,497▼ 7.4%
Assets under construction and advance payments27€1.4m€223,481€1.5m€3.9m€5.3m▲ 36.8%
Financial fixed assets28€3.6m€3.9m€4.1m€1.3m€33.6m▲ 2,399%
Affiliated companies280/1€3.4m€3.7m€3.9m€1.1m€28.0m▲ 2,342%
Participating interests280€3.4m€3.7m€3.9m€1.1m€1.0m▼ 8.8%
Amounts receivable281----€26.9m-
Companies linked by participating interests282/3€159,360€183,110€171,860€181,860€5.5m▲ 2,928%
Participating interests282€159,360€183,110€171,860€181,860€127,378▼ 30.0%
Amounts receivable283----€5.4m-
Other financial fixed assets284/8€1,358€13,108€15,450€15,450€72,453▲ 369%
Amounts receivable and cash guarantees285/8€1,358€13,108€15,450€15,450€72,453▲ 369%
Current assets29/58€16.8m€22.1m€46.9m€49.0m€26.3m▼ 46.3%
Amounts receivable after more than one year29€6.9m€11.4m€23.3m€32.6m€2.0m▼ 93.9%
Other amounts receivable291€6.9m€11.4m€23.3m€32.6m€2.0m▼ 93.9%
Stocks and contracts in progress3€805,345€1.1m€3.0m€4.7m€2.7m▼ 42.0%
Stocks30/36€805,345€1.1m€3.0m€4.7m€2.7m▼ 42.0%
Goods purchased for resale34€0-----
Property held for sale35€805,345€1.1m€3.0m€4.7m€2.7m▼ 42.0%
Contracts in progress37€0-----
Amounts receivable within one year40/41€6.5m€7.4m€16.8m€9.7m€17.9m▲ 84.4%
Trade receivables40€3.8m€4.2m€12.2m€6.2m€8.3m▲ 34.1%
Other amounts receivable41€2.7m€3.2m€4.6m€3.5m€9.6m▲ 174%
Current investments50/53-€1.2m€1.2m€1.2m€1.0m▼ 11.0%
Other investments51/53-€1.2m€1.2m€1.2m€1.0m▼ 11.0%
Cash at bank and in hand54/58€2.3m€984,486€2.6m€564,445€2.3m▲ 311%
Deferred charges and accrued income490/1€259,492€46,833€68,598€277,437€302,020▲ 8.9%
Equity and liabilities
Total equity and liabilities10/49€22.7m€29.4m€59.1m€61.3m€70.9m▲ 15.6%
Equity10/15€3.4m€9.1m€14.1m€15.0m€15.1m▲ 0.3%
Contributions10/11€62,000€62,000€5.1m€5.1m€5.1m=
Capital10€62,000€62,000€5.1m€5.1m€5.1m=
Issued capital100€62,000€62,000€5.1m€5.1m€5.1m=
Reserves13€3.4m€9.0m€9.0m€9.5m€9.5m=
Non-distributable reserves130/1€6,200€6,200€6,200€506,000€506,000=
Legal reserve130€6,200€6,200€6,200€506,000€506,000=
Distributable reserves133€3.4m€9.0m€9.0m€9.0m€9.0m=
Profit (loss) carried forward14---€457,260€495,843▲ 8.4%
Provisions and deferred taxes16--€24,000€0--
Provisions for liabilities and charges160/5--€24,000€0--
Environmental obligations163--€24,000€0--
Amounts payable17/49€19.3m€20.3m€45.1m€46.3m€55.8m▲ 20.6%
Amounts payable after more than one year17€14.1m€13.1m€29.0m€32.5m€40.5m▲ 24.8%
Financial debts170/4€14.1m€13.0m€28.9m€32.4m€40.5m▲ 24.9%
Subordinated loans170€8.0m€6.2m€13.9m€15.3m€14.9m▼ 2.9%
Unsubordinated bonds171€3.0m€0----
Credit institutions173€2.8m€6.6m€8.6m€8.5m€8.7m▲ 2.5%
Other loans174€249,832€245,069€6.4m€8.6m€16.9m▲ 96.1%
Other amounts payable178/9-€54,576€57,013€58,888€60,739▲ 3.1%
Amounts payable within one year42/48€5.0m€6.9m€15.8m€13.6m€15.0m▲ 10.0%
Current portion of amounts payable after more than one year42€94,933€79,554€2.5m€65,983€3.1m▲ 4,588%
Financial debts43€0€3.0m€200,530€903,438€0▼ 100%
Credit institutions430/8€0-€200,530€903,438€0▼ 100%
Other loans439-€3.0m€0---
Trade debts44€921,015€1.7m€8.2m€4.6m€4.4m▼ 3.9%
Suppliers440/4€921,015€1.7m€8.2m€4.6m€4.4m▼ 3.9%
Advances received on contracts in progress46----€240,000-
Taxes, remuneration and social security45€25,155€0€301,110€246,706€508,355▲ 106%
Taxes450/3€25,155€0€76,296€149,592€438,648▲ 193%
Remuneration and social security454/9--€224,815€97,114€69,707▼ 28.2%
Other amounts payable47/48€4.0m€2.2m€4.6m€7.8m€6.7m▼ 14.0%
Accrued charges and deferred income492/3€202,577€292,430€267,476€187,603€308,665▲ 64.5%
Line20212022202320242025Change
Profit (loss) for the period9904€256,764€5.6m-€33,247€957,060€38,582▼ 96.0%
+ Depreciation and write-downs630€122,288€131,849€214,251€308,583€315,679▲ 2.3%
Operating cash flow (approximation)€379,052€5.8m€181,004€1.3m€354,261▼ 72.0%
Investment in fixed assets (approximation)--€1.6m-€5.2m-€306,884-€32.6m▼ 10,523%
Change in cash--€1.3m€1.6m-€2.0m€1.8m▲ 187%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 5 days late
10-07
State Gazette act Permanent representatives: Michel Meers and Jurgen Mesens
4 facts ▸
  • Board meeting, 28-05-2026
  • Permanent representative, Michel Meers (permanent representative)
  • Permanent representative, Jurgen Mesens (permanent representative)
  • Other statement, cabinet d'avocats des mandataires, cabinet d'avocats Laurius BV
01-06
State Gazette act Resignations: Alain Braive, JUMA and MMP2
Permanent representatives: Jurgen Mesens, MEERS Michel and 4 others · Appointments: LEEUWENHART, MAURIENAS and 3 others · Capital increase29 facts ▸
  • General meeting, eenparigheid van stemmen, buitengewone algemene vergadering der aandeelhouders
  • Capital increase, €5.870.000
  • Share class, griffie van de bevoegde Ondernemingsrechtbank, Tweede besluit
  • Purpose change
  • Statutes amendment
  • Capital, €10.930.000
  • Authorised capital, geen bevoegdheid toegekend, bestuursorgaan
  • Other statement, Vulsteke, aandeelhouderscategorie-definitie
  • Other statement, Minderheidsaandeelhouder, aandeelhouderscategorie-definitie
  • Other statement, Minderheidsaandeelhouder, aandeelhouderscategorie-definitie
  • Director resignation, Alain Braive (director)
  • Director resignation, JUMA (director)
  • +17 further facts in this act
2025
14-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €957,060
Net result €957,060 after one loss-making year.
29-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Weakest financial yearnet -€33,247
Net result drops to -€33,247, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €10mEq €14.1m ▲54.6%
Equity rises from €9.1m to €14.1m.
20-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2018net €5.6m ▲2,099%
Net result €5.6m, the highest in the series.
31-12
Financial Equity above €5mEq €9.1m ▲164%
5 profitable years in a row build equity to €9.1m.
23-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 23 days late
Show earlier events
2021
13-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity doublescurrent ratio 2.42
Current ratio from 1.15 to 2.42; short-term debt falls from €6.1m to €4.4m.
17-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
15-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 22 acts read
About the unread acts

Of the 22 Belgian State Gazette acts we know for this company, 2 have been read. The other 20 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
under verification, last change in 2026
This board is reconstructed from a single act (26333712). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 5

Elodes
Director · since 01-06-2026 · Private limited company · perm. rep.: DESTAEBEL Maxime
Current
JUMA
Director · since 01-06-2026 · Private limited company · perm. rep.: Jurgen Mesens
Current
KINGVEST
Director · since 01-06-2026 · Private limited company · perm. rep.: Keanu Meers
Current
LEEUWENHART
Director · since 01-06-2026 · Private limited company · perm. rep.: VULSTEKE Nickolas
Current
MAURIENAS
Director · since 01-06-2026 · Private limited company · perm. rep.: VULSTEKE Evelien
Current

Permanent representatives 5

DESTAEBEL Maxime
Permanent representative · since 01-06-2026 · for Elodes
Current
Jurgen Mesens
Permanent representative · since 01-06-2026 · for JUMA
Current
Keanu Meers
Permanent representative · since 01-06-2026 · for KINGVEST
Current
VULSTEKE Evelien
Permanent representative · since 01-06-2026 · for MAURIENAS
Current
VULSTEKE Nickolas
Permanent representative · since 01-06-2026 · for LEEUWENHART
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
20 of this company's 22 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kontich · 2 establishment units since 2022
seat establishment approximate All 2 establishment units on the map
Ground area
5.9 ha
Building footprint
6,078 m²
Volume, LiDAR
46,950 m³
2 parcels, Flanders, Wallonia · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
17 companies at this address See who is registered here
2 establishment units
Prins Boudewijnlaan 7C, 2550 Kontich
Site preparation
since 20222.328.436.795
Boulevard de l'Europe 131, 1300 Wavre
Specialised construction activities
since 20222.330.937.912
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
11024B0077/00M000 Flanders 5.2 ha 1 · 3,774 m² 12.1 m · 3 fl.
25006C0331/00N000 Wallonia 6,168 m² 1 · 2,304 m² 12.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

7 people since 2026, 5 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Elodes
  • Director, from 01-06-2026 to date
JUMA
  • Director, already before 01-06-2026 to date
KINGVEST
  • Director, from 01-06-2026 to date
LEEUWENHART
  • Director, from 01-06-2026 to date
MAURIENAS
  • Director, from 01-06-2026 to date
Alain Braive
  • Director, until 01-06-2026
MMP2
  • Director, until 01-06-2026
See the board, name and seat on a given date →

Articles of association

Annual meeting
Third Monday of June at 20:00
Purpose
Projectontwikkeling voor nieuwbouw van individuele woningen of voor renovatiewerken; Projectontwikkeling voor de bouw van appartementsgebouwen; Ontwikkeling van niet-residentiële…
Full purpose (66 activities)
  1. Projectontwikkeling voor nieuwbouw van individuele woningen of voor renovatiewerken
  2. Projectontwikkeling voor de bouw van appartementsgebouwen
  3. Ontwikkeling van niet-residentiële bouwprojecten
  4. Projectontwikkeling voor de bouw of de aanleg van: commerciële,en industriële centra,hotels,industriezones en markten,jachthaven,wintersportcentra,enzovoorts
  5. Projectontwikkeling voor de aanleg of renovatie van stadswijken
  6. Algemene bouw van residentiële gebouwen
  7. Bouw van individuele huizen volgens de formule "sleutel op de deur"
  8. Bouw van appartementen volgens de formule sleutel op de deur"
  9. Toezien op de bouwwerkzaamheden (ruwbouw,installatie,afwerking,enzovoorts)
  10. Uitwerken van projecten op het gebied van de burgerlijke en utiliteitsbouw,de weg- en waterbouw en het verkeer
  11. Ruimen van bouwterreinen
  12. Aanbrengen in gebouwen en andere bouwwerken van: - thermische isolatiemateriaal - isolatiemateriaal tegen geluid en trillingen
  13. Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen
  14. Algemene bouwinstallatie
  15. Reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
  16. Overige werkzaamheden in verband met de afwerking van gebouwen,n.e.g
  17. Onderneming voor het monteren van niet-zelfvervaardigde metalen constructiewerken
  18. Ontwerpen van tuinen en parken,enzovoorts
  19. Optrekken van de ruwbouw van individuele huizen
  20. Optrekken van de ruwbouw van gebouwen
  21. Algemene coördinatiewerkzaamheden bouwwerf
  22. Slopen van gebouwen en andere bouwwerken
  23. Grondverzet: graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven
  24. Leiden van belangrijke herstellingswerkzaamheden aan gebouwen
  25. Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enzovoorts in hout of kunststof
  26. Schilderen van metalen constructies
  27. Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan de bedrijfsleiding,enzovoorts
  28. Berekenen van de kosten en baten van voorgestelde maatregelen op het gebied van planning,organisatie,efficiëntie,enzovoorts
  29. Innen van de huur (residentiële gebouwen)
  30. Verlenen,in opdracht van de eigenaar of de mede-eigenaars,van alle diensten die noodzakelijk zijn voor het behoorlijk functioneren van de gebouwen (residentiële gebouw)
  31. Beheer van residentieel onroerend goed voor een vast bedrag of op contractbasis
  32. Schatten en evalueren van onroerend goed voor en vast bedrag of op contractbasis
  33. Bemiddeling bij de aankoop,verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
  34. Grondverkavelingen
  35. Ruilverkavelingen
  36. Industriële vormgeving
  37. Op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren.
  38. Managementsactiviteiten van holding: tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal,enzovoorts
  39. Optrekken van de ruwbouw van gebouwen met celstructuur (appartementsgebouwen,enzovoorts)
  40. Bouwrijp maken van terreinen
  41. Handelsbemiddeling in hout en bouwmaterialen
  42. Onderneming van het bouwen van funderingen,inclusief heien
  43. Ontwikkeling van residentiële bouwprojecten
  44. Ontwikkeling van niet-residentiële bouwprojecten
  45. Beheersvennootschappen van gemeenschappelijke beleggingsfondsen
  46. Handel in eigen onroerend goed: flatgebouwen en woningen niet voor bewoning bestemde gebouwen,grond
  47. Verkoop van eigen handelszaken en van zelf verworven sleutelgeld (overname)
  48. Verhuur en exploitatie van eigen of geleased residentieel onroerend goed,exclusief sociale woningen
  49. Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed,exclusief terreinen
  50. Verhuur en exploitatie van terreinen
  51. Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
  52. Uitwerking en realisatie van projecten op het gebied van de elektriciteit en elektronica,mijnbouw,chemie,machine- en werktuigbouw,industriële systeemontwikkeling,veiligheid,enzovoorts
  53. Uitwerking van projecten op het gebied van klimaatbeheersing,koeltechniek,zuivering en voorkomen van pollutie,akoestiek,enzovoorts
  54. Uitwerking van projecten op het gebied van de burgerlijke en utiliteitsbouw,de weg- en waterbouw en het verkeer
  55. Onderneming voor het uitvoeren van metselwerk
  56. Onderneming voor het vlechten van ijzer en aanbrengen van bekisting
  57. Onderneming voor het bouwen van schoorstenen en industriële ovens
  58. Aanleg van waterdistributienetten en rioleringen
  59. Aanleg van pijpleidingen voor het vervoer van gas,petroleumproducten,enzovoorts
  60. Aanleg van leidingen voor het vervoer en distributie van elektrische energie
  61. Geschikt maken van terreinen voor mijnbouw: verwijderen van deklagen en overige werkzaamheden in verband met de ontsluiting van delfstoffen en de voorbereiding van de ontginning
  62. Ruimen van bouwterreinen
  63. Geodetisch onderzoek: hydrografisch onderzoek,onderzoek van de bodemstructuur,grensonderzoek,cartografie en informatie over de ruimtelijke ordening,inclusief luchtfotografie,enzovoorts.
  64. Verlenen van advies op het gebied van beveiliging aan het bedrijfsleven en aan de overheid
  65. Alle aannemingen van werken,algemene bouwonderneming eventueel in coördinatie met onderaannemers,met inbegrip van afbraak- en restauratiewerken en monumentenzorg,fabricage,levering,plaatsing,onderhoud en herstelling van diverse structuren en materialen in alle mogelijke constructies. Studie en advies inzake diverse bedrijfsaangelegenheden,inclusief veiligheidscoördinator,nazicht en vervanging van brandstoftanks,afstellen van branders.
  66. Verhuur en exploitatie van eigen of geleasede roerend goederen
Registered office clause
Vlaams Gewest, Artikel 2
Other statement
Kapitaalverhoging-Voorkeurrecht, met of zonder uitgiftepremie
Kapitaalvermindering-Verkrijging van eigen aandelen, met inachtneming wettelijke voorschriften
Op naam, Aard van de aandelen-Tegenstelbaarheid
Wettelijke rentevoet+2 punten, niet-volgestorte aandelen-stortingsplicht
Uitsluitend eigenaar-pandgever behoudens gezamenlijke andersluidende kennisgeving per aangetekende brief, uitoefening rechten bij pand,onverdeeldheid,vruchtgebr…
Zegellegging, houden aan balansen/inventarissen,schikken naar besluiten algemene vergadering
Uitgifte obligaties, bestuursorgaan
Bezoldiging bestuurders, onbezoldigd
Voorzitter raad van bestuur, door raad onder leden
Bijeenkomsten-beraadslaging-besluitvorming raad van bestuur, fysiek Belgie/buitenland,tele/video,combinatie
Patstelling raad van bestuur, indien binnen vijftien Werkdagen geen Kennisgeving Patstelling verzonden, Patstelling geacht vervallen en geen beroep op artikels…
Bestuursbevoegdheid-taakverdeling, bestuursorgaan bekleed met meest uitgebreide macht om alle handelingen te verrichten nodig of dienstig tot verwezenlijking vo…
Notulen bestuursorgaan, besluiten bestuursorgaan vastgelegd in notulen ondertekend door voorzitter vergadering en bestuurders die erom verzoeken
Dagelijks bestuur-vertegenwoordigingsbevoegdheid, alle handelingen en beslissingen niet verder dan behoeften dagelijks leven Groep zoals gedefinieerd in aandeel…
Controle-commissarissen, hij kan zich laten vertegenwoordigen of bijstaan door externe accountant
Gelijke behandeling, gelijke behandeling
Bevoegdheden algemene vergadering, oefent bevoegdheden van algemene vergadering uit
Bijeenroeping algemene vergadering, kopieën ter beschikking te stellen stukken krachtens WVV aan houders aandelen op naam
Artikel 30. Kennisgeving
Deelname op afstand, door vennootschap ter beschikking gesteld elektronisch communicatiemiddel
Schriftelijke volmacht, vertegenwoordiging aandeelhouders
Artikel 33. Bureau
Bestuursorgaan tijdens zitting, uitstel goedkeuring jaarrekening
Besluiten buiten agenda-amendementen, bestuursorgaan en elke aandeelhouder voor alle agendapunten
Stemrecht, zolang behoorlijk opgevraagde en opeisbare stortingen niet gebeurd
Iedere aandeelhouder vóór algemene vergadering, stemming op afstand
Besluitvorming algemene vergadering, mondeling bij naamafroeping of handopsteken tenzij bureau of vergadering vooraf geheim beslist
Schriftelijke besluitvorming, eenparig en schriftelijk
Notulen, bijzonder register
Algemene vergadering bij gewone meerderheid op voorstel raad van bestuur, bestemming winst
Alleen winst lopende boekjaar of winst voorgaande boekjaar zolang jaarrekening nog niet goedgekeurd, uitbetaling dividenden en interimdividend
Mededelingen door vennootschap, communicatie op dit e-mailadres geacht geldig gebeurd
Uiteindelijke begunstigde, toereikende, accurate en actuele informatie inwinnen en bijhouden
Bestuurders en vereffenaars met woonplaats in buitenland, dagvaardingen en kennisgevingen zaken vennootschap en verantwoordelijkheid bestuur
Toepasselijk recht, voorschriften WVV en andere Belgisch recht voor niet uitdrukkelijk bepaald of niet geldig afgeweken
Transfer restriction
Alle aandelen en alle andere effecten uitgegeven door vennootschap, overdracht door Minderheidsaandeelhouders per conventionele afspraken
Board rule
Artikel 15. Samenstelling van het bestuursorgaan
Dissolution rule
Artikel 44. Ontbinding
Artikel 45. Vrijwillige ontbinding
Liquidation rule
Een of meer, algemene vergadering ontbonden vennootschap bij gewone meerderheid
Alle handelingen nodig of dienstig voor vereffening, jegens derden met inbegrip in rechte
Artikel 48. Vertegenwoordiging van de vennootschap tijdens de vereffening
Artikel 49. Verrichtingen van de vereffening
Door vereffenaars op zetel neergelegd bij beëindiging en ten minste een maand voor algemene vergadering, na horen verslag commissaris in voorkomend geval over g…
In vereffening, niet uitvoerbaar dan na homologatie door rechtbank van zetel

Structure & network

Part of the group MMP1 23 companies Group, risk and exposure

Owners and holdings

2 owners · 27 holdings · 25 subsidiaries in the tree

Chain of control

  1. MMP1 87.72%
  2. BVI.EU

Highest known parent: MMP1. The sources do not say who stands above it.

Owners 2

Holdings 27

Show 17 more holdings
Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

All subsidiaries, including indirect ones 25

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2025 annual accounts of BVI.EU 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

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
EVOLTRA
Shared corporate director
→

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1

Capital and shareholders

Capital over the years
  1. 01-06-2026 Capital increase of 5,870,000 EUR · to 10,930,000 EUR · 58,829 new shares · in cash

Public money · subsidies and aid

Flemish government

2022 to 2025 · 8 entries · 51,683 EUR awarded · 51,683 EUR paid
Year Entries awardedpaid
2025 1 1,048 EUR1,048 EUR
2024 3 454 EUR18,458 EUR
2023 3 40,000 EUR21,996 EUR
2022 1 10,181 EUR10,181 EUR
Schemes
2 entries · 25,000 EUR · 25,000 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 17,681 EUR · 17,681 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
2 entries · 7,500 EUR · 7,500 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 1,502 EUR · 1,502 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

894500T70INBO1CVBJ68
live in the LEI register

Similar companies · same sector, comparable size

Of 1,293 companies in sector 68122 we hold annual accounts for 903. 220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded24-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0465563376
Registered 23-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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

General meetings

1 convocation
General meeting
on 30-05-2023 at 11u · published 11-05-2023
Agenda
en voorstellen tot besluit. 2. Agenda : De Vennootschap verzoekt de Obligatiehouders om te beraadslagen over een wijziging van de Voorwaarden met het oog op : a) de wijziging van de Vervaldag van de Obligaties van 8 juli 2023, naar 8 juli 2026; b) de verhoging van de Interest van de Obligaties van 5,50 % naar 6,50 %; c) de wijziging van het statuut van de Obligaties, waarbij de Zeker- heid (zoals hieronder gedefinieerd) wordt vrijgegeven en de Obligaties niet langer gewaarborgd zijn zoals omschreven in Voorwaarde 5.2, tweede lid. 3. Voorgestelde besluit Het volgende besluit wordt voorgesteld : De Obligatiehouders stemmen hierbij in en gaan akkoord met de volgende wijzigingen aan de Voorwaard ...

Business parks

2 parks
Offers parcels on business park:Herbroek
Hasselt · 4 parcels
Offers parcels on business park:Ringvaart - Durmakker
Evergem, Lievegem · 3 parcels