BVTech
ActiveSummary
BVTech has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €116,971 and a net result of €76,802. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 9975 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency83▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.05 against 4.8 in 2023; short-term debt: 24.8% and cash: 37.9% of total assets), and 41.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
37 d early
2022
20 d early
2021
20 d early
2020
43 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€116,971▲ 185%
2023 · €41,029
Total assets
€201,457▲ 294%
2023 · €51,189
Net result
€76,802▲ 332%
2023 · €17,773
Working capital
€102,298▲ 165%
2023 · €38,570
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result-€1,374▲ 70.1%-€2,962▼ 116%€1,052€20,887▲ 1,885%€109,743▲ 425%
Net result-€1,395below the sector's middle half▲ 69.8%-€2,962below the sector's middle half▼ 112%€988within the sector's middle half€17,773within the sector's middle half▲ 1,699%€76,802above the sector's middle half▲ 332%
Equity€26,896within the sector's middle half▼ 4.9%€23,934within the sector's middle half▼ 11.0%€24,921within the sector's middle half▲ 4.1%€41,029within the sector's middle half▲ 64.6%€116,971above the sector's middle half▲ 185%
Total assets€31,897below the sector's middle half▼ 2.8%€28,947below the sector's middle half▼ 9.3%€31,993below the sector's middle half▲ 10.5%€51,189below the sector's middle half▲ 60.0%€201,457within the sector's middle half▲ 294%
Debt€5,002▲ 10.8%€5,013▲ 0.2%€7,072▲ 41.1%€10,160▲ 43.7%€84,485▲ 732%
Working capital€26,896within the sector's middle half▼ 0.7%€23,934within the sector's middle half▼ 11.0%€24,921within the sector's middle half▲ 4.1%€38,570within the sector's middle half▲ 54.8%€102,298above the sector's middle half▲ 165%
Solvency84.3%above the sector's middle half▼ 1.9pp82.7%above the sector's middle half▼ 1.6pp77.9%above the sector's middle half▼ 4.8pp80.2%above the sector's middle half▲ 2.3pp58.1%within the sector's middle half▼ 22.1pp
Current ratio6.38above the sector's middle half▼ 0.625.77above the sector's middle half▼ 0.604.52above the sector's middle half▼ 1.254.80above the sector's middle half▲ 0.273.05above the sector's middle half▼ 1.75
Return on assets (ROA)-4.4%below the sector's middle half▲ 9.7pp-10.2%below the sector's middle half▼ 5.9pp3.1%within the sector's middle half▲ 13.3pp34.7%above the sector's middle half▲ 31.6pp38.1%above the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 425% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201,457
Fixed assets
€49,152 ▲ 1,899%
Current assets
€152,305 ▲ 213%
Equity and liabilities €201,457
Equity
€116,971 ▲ 185%
Debt
€84,485 ▲ 732%
Debt's share of the balance-sheet total rises from 19.8% to 41.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112,862▲
2023 · €20,911
Cash flow
€79,921▲
2023 · €17,796
Quick ratio
2.83▼
2023 · 4.33
Debt to equity
0.72▲
2023 · 0.25
ROE
65.7%▲
2023 · 43.3%
Interest coverage
222.16▲
2023 · 166.02
Debt ≤ 1 year
€50,007▲
2023 · €10,160
Debt > 1 year
€34,479
Income taxes
€32,749▲
2023 · €2,990
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 31,349 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,209 | - | - | €23 | €3,119 | ▲ 13,396% |
| Other operating charges640/8 | - | €962 | €631 | €628 | €2,684 | ▲ 327% |
| Gross operating margin9900 | €67 | -€2,000 | €1,684 | €21,539 | €115,546 | ▲ 436% |
| Operating profit (loss)9901 | -€1,374 | -€2,962 | €1,052 | €20,887 | €109,743 | ▲ 425% |
| Financial income75/76B | - | - | - | €1 | €316 | ▲ 25,371% |
| Recurring financial income75 | €5 | - | - | €1 | €316 | ▲ 25,371% |
| Financial charges65/66B | - | - | €65 | €126 | €508 | ▲ 303% |
| Recurring financial charges65 | €27 | - | €65 | €126 | €508 | ▲ 303% |
| Profit (loss) for the period before taxes9903 | -€1,395 | -€2,962 | €988 | €20,763 | €109,551 | ▲ 428% |
| Income taxes67/77 | - | - | - | €2,990 | €32,749 | ▲ 995% |
| Profit (loss) for the period9904 | -€1,395 | -€2,962 | €988 | €17,773 | €76,802 | ▲ 332% |
| Profit (loss) for the period to be appropriated9905 | -€1,395 | -€2,962 | €988 | €17,773 | €76,802 | ▲ 332% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,897 | €28,947 | €31,993 | €51,189 | €201,457 | ▲ 294% |
| Fixed assets21/28 | - | - | - | €2,458 | €49,152 | ▲ 1,899% |
| Tangible fixed assets22/27 | - | - | - | €2,458 | €49,152 | ▲ 1,899% |
| Plant, machinery and equipment23 | - | - | - | €2,458 | €4,621 | ▲ 88.0% |
| Furniture and vehicles24 | - | - | - | - | €44,531 | - |
| Current assets29/58 | €31,897 | €28,947 | €31,993 | €48,731 | €152,305 | ▲ 213% |
| Stocks and contracts in progress3 | €25,057 | - | - | €4,749 | €10,766 | ▲ 127% |
| Stocks30/36 | - | - | - | €3,747 | €4,926 | ▲ 31.5% |
| Contracts in progress37 | - | - | - | €1,003 | €5,840 | ▲ 482% |
| Amounts receivable within one year40/41 | €4,113 | €19,772 | €21,580 | €38,060 | €64,286 | ▲ 68.9% |
| Trade receivables40 | - | €15,425 | €1,476 | €18,244 | €28,961 | ▲ 58.7% |
| Other amounts receivable41 | - | €4,347 | €20,104 | €19,816 | €35,325 | ▲ 78.3% |
| Cash at bank and in hand54/58 | €2,728 | €9,175 | €10,413 | €5,921 | €76,315 | ▲ 1,189% |
| Deferred charges and accrued income490/1 | - | - | - | - | €938 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,897 | €28,947 | €31,993 | €51,189 | €201,457 | ▲ 294% |
| Equity10/15 | €26,896 | €23,934 | €24,921 | €41,029 | €116,971 | ▲ 185% |
| Contributions10/11 | - | €25,499 | €27,499 | €27,499 | €27,499 | = |
| Reserves13 | €2,000 | €2,000 | €0 | €13,530 | €89,473 | ▲ 561% |
| Non-distributable reserves130/1 | - | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €13,530 | €89,473 | ▲ 561% |
| Profit (loss) carried forward14 | -€20,104 | -€3,565 | -€2,577 | €0 | €0 | - |
| Amounts payable17/49 | €5,002 | €5,013 | €7,072 | €10,160 | €84,485 | ▲ 732% |
| Amounts payable after more than one year17 | - | - | - | - | €34,479 | - |
| Financial debts170/4 | - | - | - | - | €34,479 | - |
| Amounts payable within one year42/48 | €5,002 | €5,013 | €7,072 | €10,160 | €50,007 | ▲ 392% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,188 | - |
| Trade debts44 | €826 | €495 | €343 | €213 | €2,838 | ▲ 1,235% |
| Suppliers440/4 | - | €495 | €343 | €213 | €2,838 | ▲ 1,235% |
| Taxes, remuneration and social security45 | - | - | €157 | €3,052 | €33,850 | ▲ 1,009% |
| Taxes450/3 | - | - | €157 | €3,052 | €33,850 | ▲ 1,009% |
| Other amounts payable47/48 | - | €4,519 | €6,572 | €6,896 | €5,131 | ▼ 25.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,395 | -€2,962 | €988 | €17,773 | €76,802 | ▲ 332% |
| + Depreciation and write-downs630 | €1,209 | - | - | €23 | €3,119 | ▲ 13,396% |
| Operating cash flow (approximation) | -€186 | -€2,962 | €988 | €17,796 | €79,921 | ▲ 349% |
| Investment in fixed assets (approximation) | - | - | - | - | -€49,812 | - |
| Change in cash | - | €6,448 | €1,238 | -€4,492 | €70,395 | ▲ 1,667% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €76,802 ▲332%
Operating result €109,743, net result €76,802, both a record.
31-12
Financial
Equity above €100,000Eq €116,971 ▲185%
3 profitable years in a row build equity to €116,971.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €988
Net result €988 after 3 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€4,618
Net result drops to -€4,618, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.00
Current ratio from 2.39 to 7.00; short-term debt falls from €21,880 to €4,516.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Sint-Niklaas · 1 establishment unit since 2003
Ground area
1,912 m²
Building footprint
603 m²
Volume, LiDAR
4,488 m³
Parcel 46021A0804/00P005, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Immo Brasfalean
since 20032.136.479.834
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46021A0804/00P005 | Flanders | 1,912 m² | 1 · 603 m² | 8.5 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,144 EUR awarded · 1,144 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 461 EUR | 461 EUR |
| 2023 | 1 | 563 EUR | 563 EUR |
| 2022 | 1 | 120 EUR | 120 EUR |
Similar companies · same sector, comparable size
DL COMPANY
BE 0830.420.661
Maldegem · Eq €116,965
Simon De Meyer
BE 0803.354.691
Gent · Eq €116,988
E.G.A. PROJECTS
BE 0444.190.615
Heusden-Zolder · Eq €117,013
TUSSEN 4 MUREN
BE 0673.478.819
Lochristi · Eq €116,894
DELFORGE FRÈRES
BE 0461.612.805
Walhain · Eq €116,892
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 13,004 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
Founded25-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43221Plumbing work
43910Bricklaying and masonry work
Contact
E-mail
emilbrasfalean@qbeurope.beSint-Niklaas
Phone
03/766 58 23Sint-Niklaas
Fax
03/766 58 63Sint-Niklaas
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861833320
Also
9925:BE0861833320
Registered
31-08-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.