BVK PROJECTS
ActiveSummary
BVK PROJECTS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €24k. Equity is growing by ~87% per year across the filed fiscal years. Its solvency ranks better than 18% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-4
Solvency26=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.34 against 4.63 in 2024; short-term debt: 29.9% and cash: 2.6% of total assets), but 99.3% 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
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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
0.7%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
40 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€47k▲ 102%
2024 · €24k
2023: €6klowest in 3 years
2024: €24k▲ +263% vs 2023
2025: €47k▲ +102% vs 2024highest in 3 years
2023 → 2025
Total assets
€6.79M▲ 97.6%
2024 · €3.44M
2023: €585klowest in 3 years
2024: €3.44M▲ +488% vs 2023
2025: €6.79M▲ +97.6% vs 2024highest in 3 years
2023 → 2025
Net result
€24k▲ 40.2%
2024 · €17k
2023: €-4klowest in 3 years
2024: €17k▲ +585% vs 2023
2025: €24k▲ +40.2% vs 2024highest in 3 years
2023 → 2025
Working capital
€4.74M▲ 75.9%
2024 · €2.69M
2023: €49klowest in 3 years
2024: €2.69M▲ +5434% vs 2023
2025: €4.74M▲ +75.9% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€6k-€24k▲ 263%€47k▲ 102%
2023: €6klowest in 3 years
2024: €24k▲ +263% vs 2023
2025: €47k▲ +102% vs 2024highest in 3 years
Operating result€-3k-€-5k▼ 39.2%€13k
2023: €-3k
2024: €-5k▼ -39.2% vs 2023lowest in 3 years
2025: €13k▲ +371% vs 2024highest in 3 years
Net result€-4k-€17k€24k▲ 40.2%
2023: €-4klowest in 3 years
2024: €17k▲ +585% vs 2023
2025: €24k▲ +40.2% vs 2024highest in 3 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €5k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.79M
Fixed assets
€22k
Current assets
€6.77M
Equity and liabilities €6.79M
Equity
€47k ▲ 102%
Debt
€6.74M ▲ 97.5%
Debt's share of the balance-sheet total stays at 99.3%.
Key figures and ratios
EBITDA
€13k
Cash flow
€24k
Current ratio
3.34▼
2024 · 4.63
Quick ratio
0.09▼
2024 · 0.25
ROE
50.4%▼
2024 · 72.4%
ROA
0.4%▼
2024 · 0.5%
Interest coverage
1.93
Debt ≤ 1 year
€2.03M▲
2024 · €743k
Debt > 1 year
€4.71M▲
2024 · €2.67M
Income taxes
€8k▲
2024 · €8k
A ratio outside any meaningful range has been withheld (balance sheet total €6.79M, equity €47k).
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.44M€6.79M▲
Fixed assets21/28-€22k
Tangible fixed assets22/27-€22k
Land and buildings22-€22k
Current assets29/58€3.44M€6.77M▲
Stocks and contracts in progress3€3.25M€6.58M▲
Stocks30/36€3.25M€6.58M▲
Amounts receivable within one year40/41€136k€13k▼
Trade receivables40€1k€3k▲
Other amounts receivable41€135k€10k▼
Cash at bank and in hand54/58€49k€176k▲
Equity and liabilities
Total equity and liabilities10/49€3.44M€6.79M▲
Equity10/15€24k€47k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€14k€37k▲
Amounts payable17/49€3.41M€6.74M▲
Amounts payable after more than one year17€2.67M€4.71M▲
Financial debts170/4€2.67M€4.71M▲
Amounts payable within one year42/48€743k€2.03M▲
Financial debts43-€74k
Credit institutions430/8-€74k
Trade debts44€104k€212k▲
Suppliers440/4€104k€212k▲
Taxes, remuneration and social security45€8k€11k▲
Taxes450/3€8k€11k▲
Other amounts payable47/48€630k€1.73M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€96
Other operating charges640/8€1k€767▼
Gross operating margin9900€-4k€14k▲
Operating profit (loss)9901€-5k€13k▲
Financial income75/76B€31k€26k▼
Recurring financial income75€31k€26k▼
Financial charges65/66B€928€7k▲
Recurring financial charges65€928€7k▲
Profit (loss) for the period before taxes9903€25k€32k▲
Income taxes67/77€8k€8k▲
Profit (loss) for the period9904€17k€24k▲
Profit (loss) for the period to be appropriated9905€17k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€37k▲
Profit (loss) brought forward from the previous period14P€-4k€14k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €96 | - |
| Other operating charges640/8 | €348 | €1k | €767 | ▼ 32.7% |
| Gross operating margin9900 | €-3k | €-4k | €14k | ▲ 477% |
| Operating profit (loss)9901 | €-3k | €-5k | €13k | ▲ 371% |
| Financial income75/76B | - | €31k | €26k | ▼ 16.5% |
| Recurring financial income75 | - | €31k | €26k | ▼ 16.5% |
| Financial charges65/66B | €23 | €928 | €7k | ▲ 642% |
| Recurring financial charges65 | €23 | €928 | €7k | ▲ 642% |
| Profit (loss) for the period before taxes9903 | €-4k | €25k | €32k | ▲ 27.3% |
| Income taxes67/77 | - | €8k | €8k | ▲ 0.8% |
| Profit (loss) for the period9904 | €-4k | €17k | €24k | ▲ 40.2% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €17k | €24k | ▲ 40.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €585k | €3.44M | €6.79M | ▲ 97.6% |
| Fixed assets21/28 | - | - | €22k | - |
| Tangible fixed assets22/27 | - | - | €22k | - |
| Land and buildings22 | - | - | €22k | - |
| Current assets29/58 | €585k | €3.44M | €6.77M | ▲ 96.9% |
| Stocks and contracts in progress3 | €391k | €3.25M | €6.58M | ▲ 102% |
| Stocks30/36 | €391k | €3.25M | €6.58M | ▲ 102% |
| Amounts receivable within one year40/41 | €36k | €136k | €13k | ▼ 90.6% |
| Trade receivables40 | - | €1k | €3k | ▲ 133% |
| Other amounts receivable41 | €36k | €135k | €10k | ▼ 92.7% |
| Cash at bank and in hand54/58 | €158k | €49k | €176k | ▲ 261% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €585k | €3.44M | €6.79M | ▲ 97.6% |
| Equity10/15 | €6k | €24k | €47k | ▲ 102% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-4k | €14k | €37k | ▲ 177% |
| Amounts payable17/49 | €578k | €3.41M | €6.74M | ▲ 97.5% |
| Amounts payable after more than one year17 | €42k | €2.67M | €4.71M | ▲ 76.5% |
| Financial debts170/4 | €42k | €2.67M | €4.71M | ▲ 76.5% |
| Amounts payable within one year42/48 | €536k | €743k | €2.03M | ▲ 173% |
| Financial debts43 | - | - | €74k | - |
| Credit institutions430/8 | - | - | €74k | - |
| Trade debts44 | €31k | €104k | €212k | ▲ 104% |
| Suppliers440/4 | €31k | €104k | €212k | ▲ 104% |
| Taxes, remuneration and social security45 | €366 | €8k | €11k | ▲ 30.7% |
| Taxes450/3 | €366 | €8k | €11k | ▲ 30.7% |
| Other amounts payable47/48 | €505k | €630k | €1.73M | ▲ 175% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €17k | €24k | ▲ 40.2% |
| + Depreciation and write-downs630 | - | - | €96 | - |
| Operating cash flow (approximation) | €-4k | €17k | €24k | ▲ 40.8% |
| Change in cash | - | €-110k | €127k | ▲ 216% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €24k ▲40.2%
Operating result €13k, net result €24k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.63
Current ratio from 1.09 to 4.63.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zele · 1 establishment unit since 2022
Ground area
1.3 ha
Building footprint
3,752 m²
Volume, LiDAR
26,086 m³
Parcel 42028A1420/00E000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVK PROJECTS
since 20222.338.581.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1420/00E000 | Flanders | 1.3 ha | 1 · 3,752 m² | 11.5 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,966 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
Founded30-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.