BVS CONSTRUCT

Active

Private limited companyfounded 20215 yrs activeKBO/BCE: BE 0762.477.111

Summary

The computed 12-month bankruptcy probability of BVS CONSTRUCT is 6.8% (elevated). The 2024 annual accounts show equity of €19,785 and a net result of €888. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 9974 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysis Watch Report Compare

BVS CONSTRUCTActiveChecked score 39/100

Risk analysis Report Compare

Checked score

Score 2024

39 / 100

Weak

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability41▼-59

Solvency57▼-13

Growth52▼-26

Track record86

Bankruptcy probability, 12 months

6.8% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.39 against 1.79 in 2023; short-term debt: 52.1% and cash: 8% of total assets), and 67.6% of the assets are financed with debt.

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Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Construction of residential and non-residential buildings (NACE 41)

about 67% more bankruptcies

← fewer bankruptcies more bankruptcies →

Ex-officio strike-off

The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.

KBO publications

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

32.4%

Return on assets

1.5%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-01-2026, 178 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

178 d late

2023

70 d late

2022

41 d late

2021

77 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 92 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Address struck

History

On 26 January 2021, BVS CONSTRUCT was incorporated as a Private limited company.¹ Total assets went from EUR 44,061 in 2021 to EUR 61,152 in 2024.²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity

€19,785▲ 4.7%

2023 · €18,898

Total assets

€61,152▲ 44.6%

2023 · €42,298

Net result

€888▼ 96.3%

2023 · €23,946

Working capital

€12,450▼ 32.5%

2023 · €18,431

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line2021202220232024

Operating result€5,418-€18,746▲ 246%€26,660▲ 42.2%€888▼ 96.7%

Net result€5,203-€18,599▲ 257%€23,946▲ 28.7%€888▼ 96.3%

Equity€6,353-€14,952▲ 135%€18,898▲ 26.4%€19,785▲ 4.7%

Total assets€44,061-€26,387▼ 40.1%€42,298▲ 60.3%€61,152▲ 44.6%

Debt€37,708-€11,435▼ 69.7%€23,400▲ 105%€41,367▲ 76.8%

Working capital€6,353-€14,019▲ 121%€18,431▲ 31.5%€12,450▼ 32.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 97% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €61,152

27.5%

72.5%

Fixed assets €16,829 ▲ 3,506%

Current assets €44,323 ▲ 6.0%

Equity and liabilities €61,152

32.4%

67.6%

Equity €19,785 ▲ 4.7%

Debt €41,367 ▲ 76.8%

Debt's share of the balance-sheet total rises from 55.3% to 67.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€9,769▼

2023 · €27,126

Cash flow

€9,769▼

2023 · €24,412

Current ratio

1.39▼

2023 · 1.79

Quick ratio

1.35▼

2023 · 1.79

Debt to equity

2.09▲

2023 · 1.24

ROE

4.5%▼

2023 · 126.7%

ROA

1.5%▼

2023 · 56.6%

Debt ≤ 1 year

€31,873▲

2023 · €23,400

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.

Micro
5 to 10 years old
solvency 30% or more
a profit under 5% of the balance sheet

2.0% went bankrupt

3.7% stopped otherwise

94% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 6.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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%	1.6%
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 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 5,047 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines

Balance sheet Code20232024

Assets

Total assets20/58€42,298€61,152▲

Fixed assets21/28€467€16,829▲

Tangible fixed assets22/27€467€16,829▲

Furniture and vehicles24€467€16,829▲

Current assets29/58€41,831€44,323▲

Stocks and contracts in progress3-€1,200

Stocks30/36-€1,200

Amounts receivable within one year40/41€38,946€38,261▼

Trade receivables40€34,271€31,853▼

Other amounts receivable41€4,675€6,407▲

Cash at bank and in hand54/58€2,885€4,862▲

Equity and liabilities

Total equity and liabilities10/49€42,298€61,152▲

Equity10/15€18,898€19,785▲

Contributions10/11€1,150€1,150=

Reserves13€115€115=

Non-distributable reserves130/1€115€115=

Reserves not available under the articles1311€115€115=

Profit (loss) carried forward14€17,633€18,520▲

Amounts payable17/49€23,400€41,367▲

Amounts payable within one year42/48€23,400€31,873▲

Trade debts44€50-

Suppliers440/4€50-

Other amounts payable47/48€23,350€31,873▲

Accrued charges and deferred income492/3-€9,494

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€467€8,881▲

Other operating charges640/8€1,547-

Gross operating margin9900€28,673€9,769▼

Operating profit (loss)9901€26,660€888▼

Financial charges65/66B€186-

Recurring financial charges65€186-

Profit (loss) for the period before taxes9903€26,474€888▼

Income taxes67/77€2,528-

Profit (loss) for the period9904€23,946€888▼

Profit (loss) for the period to be appropriated9905€23,946€888▼

Appropriation of the result

Profit (loss) to be appropriated9906€37,633€18,520▼

Profit (loss) brought forward from the previous period14P€13,687€17,633▲

Profit to be distributed694/7€20,000-

Directors or managers695€20,000-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	-	€467	€467	€8,881	▲ 1,803%
Other operating charges640/8	€1,529	€2,383	€1,547	-	-
Gross operating margin9900	€6,947	€21,596	€28,673	€9,769	▼ 65.9%
Operating profit (loss)9901	€5,418	€18,746	€26,660	€888	▼ 96.7%
Financial charges65/66B	€215	€147	€186	-	-
Recurring financial charges65	€215	€147	€186	-	-
Profit (loss) for the period before taxes9903	€5,203	€18,599	€26,474	€888	▼ 96.6%
Income taxes67/77	-	-	€2,528	-	-
Profit (loss) for the period9904	€5,203	€18,599	€23,946	€888	▼ 96.3%
Profit (loss) for the period to be appropriated9905	€5,203	€18,599	€23,946	€888	▼ 96.3%

Line	2021	2022	2023	2024	Change
Assets
Total assets20/58	€44,061	€26,387	€42,298	€61,152	▲ 44.6%
Fixed assets21/28	-	€933	€467	€16,829	▲ 3,506%
Tangible fixed assets22/27	-	€933	€467	€16,829	▲ 3,506%
Furniture and vehicles24	-	€933	€467	€16,829	▲ 3,506%
Current assets29/58	€44,061	€25,453	€41,831	€44,323	▲ 6.0%
Stocks and contracts in progress3	-	-	-	€1,200	-
Stocks30/36	-	-	-	€1,200	-
Amounts receivable within one year40/41	€31,890	€25,092	€38,946	€38,261	▼ 1.8%
Trade receivables40	€30,117	€16,238	€34,271	€31,853	▼ 7.1%
Other amounts receivable41	€1,774	€8,854	€4,675	€6,407	▲ 37.1%
Cash at bank and in hand54/58	€12,171	€362	€2,885	€4,862	▲ 68.5%
Equity and liabilities
Total equity and liabilities10/49	€44,061	€26,387	€42,298	€61,152	▲ 44.6%
Equity10/15	€6,353	€14,952	€18,898	€19,785	▲ 4.7%
Contributions10/11	€1,150	€1,150	€1,150	€1,150	=
Reserves13	€115	€115	€115	€115	=
Non-distributable reserves130/1	€115	€115	€115	€115	=
Reserves not available under the articles1311	€115	€115	€115	€115	=
Profit (loss) carried forward14	€5,088	€13,687	€17,633	€18,520	▲ 5.0%
Amounts payable17/49	€37,708	€11,435	€23,400	€41,367	▲ 76.8%
Amounts payable within one year42/48	€37,708	€11,435	€23,400	€31,873	▲ 36.2%
Trade debts44	€3,593	€1,435	€50	-	-
Suppliers440/4	€3,593	€1,435	€50	-	-
Other amounts payable47/48	€34,115	€10,000	€23,350	€31,873	▲ 36.5%
Accrued charges and deferred income492/3	-	-	-	€9,494	-

Line	2021	2022	2023	2024	Change
Profit (loss) for the period9904	€5,203	€18,599	€23,946	€888	▼ 96.3%
+ Depreciation and write-downs630	-	€467	€467	€8,881	▲ 1,803%
Operating cash flow (approximation)	€5,203	€19,066	€24,412	€9,769	▼ 60.0%
Investment in fixed assets (approximation)	-	-	€0	-€25,244	-
Change in cash	-	-€11,809	€2,523	€1,977	▼ 21.6%

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

All 7Signals 1Financial 2Filings 4

2026

25-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 178 days late

2025

21-02

KBO administration Address struck

Frans Thirrystraat 23 Die Sitzadresse Frans Thirrystraat 23 1731 1731 Asse · event 09-01-2025

2024

31-12

Financial Weakest financial yearnet €888 ▼96.3%

Net result drops to €888, the lowest in the series.

09-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 70 days late

2023

31-12

Financial Highest result since 2021net €23,946 ▲28.7%

Operating result €26,660, net result €23,946, both a record.

10-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 41 days late

2022

16-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 77 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

1 act for this company is 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, Asse · 1 establishment unit since 2021

seat establishment The establishment unit on the map

Ground area

204 m²

Building footprint

180 m²

Volume, LiDAR

1,536 m³

Parcel 23095B0101/00K021, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

BVS CONSTRUCT

General construction of buildings

since 20212.315.442.062

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23095B0101/00K021	Flanders	204 m²	1 · 180 m²	10.4 m · 3 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.

Similar companies · same sector, comparable size

FRED CK CONSTRUCT

BE 0839.579.144

Bernissart · Eq €19,790

RENOVATIS

BE 0563.673.136

Sint-Lambrechts-Woluwe · Eq €19,793

ECOSYSTEMS BELUX

BE 1024.539.437

Anderlecht · Eq €19,795

Houthalen-Helchteren · Eq €19,802

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,512 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

Founded26-01-2021

Fiscal year end31-12

Activities, NACEBEL 2025

41001General construction of residential buildings

47120Other non-specialised retail sale

47400Retail sale of information and communication equipment

47527Retail trade

47551Retail sale of household furniture

47910Intermediation services for non-specialised retail

81220Other building cleaning and industrial cleaning

E-invoicing

Reachable via Peppol

Peppol ID 0208:0762477111

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