BVT Projects
ActiveSummary
The computed 12-month bankruptcy probability of BVT Projects is 2.1% (moderate). The 2025 annual accounts show equity of €53k and a net result of €16k. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-22
Solvency49▼-30
Growth52=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 2.03 in 2024; short-term debt: 60.6% and cash: 5.8% of total assets), and 76.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
raises risk · 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 →
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
23.8%
Return on assets
7.2%
Age of the figures
9 mo
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 01-06-2026, 60 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
60 d early
2024
46 d late
2023
23 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, micro schema
Equity
€53k▲ 42.9%
2024 · €37k
2023: €26klowest in 3 years
2024: €37k▲ +40.0% vs 2023
2025: €53k▲ +42.9% vs 2024highest in 3 years
2023 → 2025
Total assets
€222k▲ 224%
2024 · €68k
2023: €47klowest in 3 years
2024: €68k▲ +45.2% vs 2023
2025: €222k▲ +224% vs 2024highest in 3 years
2023 → 2025
Net result
€16k▲ 50.1%
2024 · €11k
2023: €21khighest in 3 years
2024: €11k▼ -50.7% vs 2023lowest in 3 years
2025: €16k▲ +50.1% vs 2024
2023 → 2025
Working capital
€49k▲ 51.7%
2024 · €32k
2023: €20klowest in 3 years
2024: €32k▲ +59.5% vs 2023
2025: €49k▲ +51.7% 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€26k-€37k▲ 40.0%€53k▲ 42.9%
2023: €26klowest in 3 years
2024: €37k▲ +40.0% vs 2023
2025: €53k▲ +42.9% vs 2024highest in 3 years
Operating result€30k-€15k▼ 48.6%€32k▲ 111%
2023: €30k
2024: €15k▼ -48.6% vs 2023lowest in 3 years
2025: €32k▲ +111% vs 2024highest in 3 years
Net result€21k-€11k▼ 50.7%€16k▲ 50.1%
2023: €21khighest in 3 years
2024: €11k▼ -50.7% vs 2023lowest in 3 years
2025: €16k▲ +50.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 111% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222k
Fixed assets
€38k ▲ 721%
Current assets
€184k ▲ 188%
Equity and liabilities €222k
Equity
€53k ▲ 42.9%
Debt
€169k ▲ 437%
Debt's share of the balance-sheet total rises from 46.0% to 76.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €18k
Cash flow
€18k▲
2024 · €13k
Current ratio
1.36▼
2024 · 2.03
Debt to equity
3.20▲
2024 · 0.85
ROE
30.0%▲
2024 · 28.6%
ROA
7.2%▼
2024 · 15.4%
Interest coverage
4.62▼
2024 · 8.67
Debt ≤ 1 year
€135k▲
2024 · €31k
Debt > 1 year
€35k
Income taxes
€9k▲
2024 · €3k
Staff costs
€6k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€68k€222k▲
Fixed assets21/28€5k€38k▲
Tangible fixed assets22/27€5k€38k▲
Land and buildings22€2k€37k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€1k€215▼
Financial fixed assets28€105€75▼
Current assets29/58€64k€184k▲
Amounts receivable after more than one year29€18k€12k▼
Trade receivables290€18k€12k▼
Amounts receivable within one year40/41€44k€144k▲
Trade receivables40€39k€102k▲
Other amounts receivable41€5k€42k▲
Cash at bank and in hand54/58€879€13k▲
Deferred charges and accrued income490/1€943€15k▲
Equity and liabilities
Total equity and liabilities10/49€68k€222k▲
Equity10/15€37k€53k▲
Contributions10/11€5k€5k=
Reserves13€21k€21k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€11k€27k▲
Amounts payable17/49€31k€169k▲
Amounts payable after more than one year17-€35k
Financial debts170/4-€35k
Amounts payable within one year42/48€31k€135k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€15k€97k▲
Suppliers440/4€15k€97k▲
Taxes, remuneration and social security45€15k€34k▲
Taxes450/3€3k€26k▲
Remuneration and social security454/9€11k€8k▼
Other amounts payable47/48€2k€366▼
Income statement
Code20242025
Remuneration, social security and pensions62-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€484€376▼
Gross operating margin9900€18k€41k▲
Operating profit (loss)9901€15k€32k▲
Financial income75/76B€0€533▲
Recurring financial income75€0€533▲
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€13k€25k▲
Income taxes67/77€3k€9k▲
Profit (loss) for the period9904€11k€16k▲
Profit (loss) for the period to be appropriated9905€11k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€27k▲
Profit (loss) brought forward from the previous period14P€424€11k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €3k | ▲ 2.8% |
| Other operating charges640/8 | €432 | €484 | €376 | ▼ 22.3% |
| Gross operating margin9900 | €34k | €18k | €41k | ▲ 125% |
| Operating profit (loss)9901 | €30k | €15k | €32k | ▲ 111% |
| Financial income75/76B | €0 | €0 | €533 | ▲ 1,332,350% |
| Recurring financial income75 | €0 | €0 | €533 | ▲ 1,332,350% |
| Financial charges65/66B | €70 | €2k | €7k | ▲ 266% |
| Recurring financial charges65 | €70 | €2k | €7k | ▲ 266% |
| Profit (loss) for the period before taxes9903 | €30k | €13k | €25k | ▲ 90.5% |
| Income taxes67/77 | €8k | €3k | €9k | ▲ 254% |
| Profit (loss) for the period9904 | €21k | €11k | €16k | ▲ 50.1% |
| Profit (loss) for the period to be appropriated9905 | €21k | €11k | €16k | ▲ 50.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €47k | €68k | €222k | ▲ 224% |
| Fixed assets21/28 | €6k | €5k | €38k | ▲ 721% |
| Tangible fixed assets22/27 | €6k | €5k | €38k | ▲ 738% |
| Land and buildings22 | €2k | €2k | €37k | ▲ 1,867% |
| Plant, machinery and equipment23 | €1k | €1k | €1k | ▼ 14.2% |
| Furniture and vehicles24 | €3k | €1k | €215 | ▼ 82.3% |
| Financial fixed assets28 | €105 | €105 | €75 | ▼ 28.7% |
| Current assets29/58 | €41k | €64k | €184k | ▲ 188% |
| Amounts receivable after more than one year29 | €18k | €18k | €12k | ▼ 33.3% |
| Trade receivables290 | €18k | €18k | €12k | ▼ 33.3% |
| Amounts receivable within one year40/41 | €9k | €44k | €144k | ▲ 227% |
| Trade receivables40 | €3k | €39k | €102k | ▲ 163% |
| Other amounts receivable41 | €6k | €5k | €42k | ▲ 708% |
| Cash at bank and in hand54/58 | €13k | €879 | €13k | ▲ 1,370% |
| Deferred charges and accrued income490/1 | €780 | €943 | €15k | ▲ 1,444% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €47k | €68k | €222k | ▲ 224% |
| Equity10/15 | €26k | €37k | €53k | ▲ 42.9% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €21k | €21k | €21k | = |
| Distributable reserves133 | €21k | €21k | €21k | = |
| Profit (loss) carried forward14 | €424 | €11k | €27k | ▲ 144% |
| Amounts payable17/49 | €21k | €31k | €169k | ▲ 437% |
| Amounts payable after more than one year17 | - | - | €35k | - |
| Financial debts170/4 | - | - | €35k | - |
| Amounts payable within one year42/48 | €21k | €31k | €135k | ▲ 327% |
| Current portion of amounts payable after more than one year42 | - | - | €3k | - |
| Trade debts44 | €12k | €15k | €97k | ▲ 561% |
| Suppliers440/4 | €12k | €15k | €97k | ▲ 561% |
| Taxes, remuneration and social security45 | €9k | €15k | €34k | ▲ 134% |
| Taxes450/3 | €3k | €3k | €26k | ▲ 751% |
| Remuneration and social security454/9 | €6k | €11k | €8k | ▼ 31.5% |
| Other amounts payable47/48 | - | €2k | €366 | ▼ 84.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €11k | €16k | ▲ 50.1% |
| + Depreciation and write-downs630 | €4k | €3k | €3k | ▲ 2.8% |
| Operating cash flow (approximation) | €25k | €13k | €18k | ▲ 40.9% |
| Investment in fixed assets (approximation) | - | €-1k | €-36k | ▼ 3,358% |
| Change in cash | - | €-12k | €12k | ▲ 201% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
31-12
Financial
Weakest financial yearnet €11k ▼50.7%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial 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, Opwijk · 1 establishment unit since 2022
Ground area
2,596 m²
Building footprint
144 m²
Parcel 23060C0470/00F000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BVT Projects
since 20222.333.559.088
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060C0470/00F000 | Flanders | 2,596 m² | 1 · 144 m² | - |
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.
Recognitions · licences · registrations
Dual-learning approval
5 live approvalsDecoratie en schilderwerken duaal (so)
Fijnschilder (vwo)
Fijnschilder duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (vwo)
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,119 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
Founded30-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.