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BVTH

Active
Private limited companyfounded 20232 yrs activeJachtlaan 9/11, 1040 Etterbeek, BelgiumKBO/BCE: BE 1002.809.556
Summary

The computed 12-month bankruptcy probability of BVTH is 3.9% (moderate). The 2024 annual accounts show equity of €35,215 and a net result of €5,215. Its solvency ranks better than 60% of 26040 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability77
Solvency69
Growth-
Track record67
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.56; short-term debt: 41.9% and cash: 1.5% of total assets), but 56.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · 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
43.9%
Return on assets
6.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
85 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 85 days after 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)
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

On 29 November 2023, BVTH was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€35,215
Total assets
€80,288
Net result
€5,215
Working capital
€18,751

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

Balance-sheet composition
Assets €80,288
Fixed assets €27,900
Current assets €52,388
Equity and liabilities €80,288
Equity €35,215
Debt €45,073
Debt finances 56.1% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€8,040
Cash flow
€6,715
Current ratio
1.56
Quick ratio
0.06
Debt to equity
1.28
ROE
14.8%
ROA
6.5%
Interest coverage
64.32
Debt ≤ 1 year
€33,637
Debt > 1 year
€11,436
Income taxes
€1,200

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.9% 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 39,275 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 · 2024 · 34 lines
Balance sheet Code2024
Assets
Total assets20/58€80,288
Fixed assets21/28€27,900
Intangible fixed assets21€13,500
Financial fixed assets28€14,400
Current assets29/58€52,388
Stocks and contracts in progress3€50,268
Stocks30/36€50,268
Amounts receivable within one year40/41€880
Trade receivables40€880
Cash at bank and in hand54/58€1,240
Equity and liabilities
Total equity and liabilities10/49€80,288
Equity10/15€35,215
Contributions10/11€30,000
Profit (loss) carried forward14€5,215
Amounts payable17/49€45,073
Amounts payable after more than one year17€11,436
Financial debts170/4€11,436
Amounts payable within one year42/48€33,637
Trade debts44€25,168
Suppliers440/4€25,168
Taxes, remuneration and social security45€1,305
Taxes450/3€1,305
Other amounts payable47/48€7,163
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,500
Other operating charges640/8€1,858
Gross operating margin9900€9,898
Operating profit (loss)9901€6,540
Financial charges65/66B€125
Recurring financial charges65€125
Profit (loss) for the period before taxes9903€6,415
Income taxes67/77€1,200
Profit (loss) for the period9904€5,215
Profit (loss) for the period to be appropriated9905€5,215
Appropriation of the result
Profit (loss) to be appropriated9906€5,215

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,500
Other operating charges640/8€1,858
Gross operating margin9900€9,898
Operating profit (loss)9901€6,540
Financial charges65/66B€125
Recurring financial charges65€125
Profit (loss) for the period before taxes9903€6,415
Income taxes67/77€1,200
Profit (loss) for the period9904€5,215
Profit (loss) for the period to be appropriated9905€5,215
Line2024
Assets
Total assets20/58€80,288
Fixed assets21/28€27,900
Intangible fixed assets21€13,500
Financial fixed assets28€14,400
Current assets29/58€52,388
Stocks and contracts in progress3€50,268
Stocks30/36€50,268
Amounts receivable within one year40/41€880
Trade receivables40€880
Cash at bank and in hand54/58€1,240
Equity and liabilities
Total equity and liabilities10/49€80,288
Equity10/15€35,215
Contributions10/11€30,000
Profit (loss) carried forward14€5,215
Amounts payable17/49€45,073
Amounts payable after more than one year17€11,436
Financial debts170/4€11,436
Amounts payable within one year42/48€33,637
Trade debts44€25,168
Suppliers440/4€25,168
Taxes, remuneration and social security45€1,305
Taxes450/3€1,305
Other amounts payable47/48€7,163
Line2024
Profit (loss) for the period9904€5,215
+ Depreciation and write-downs630€1,500
Operating cash flow (approximation)€6,715

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

2025
24-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
NBB filing
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, Etterbeek · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
220 m²
Building footprint
204 m²
Volume, LiDAR
2,659 m³
Parcel 21362B0036/00B005, Brussels · tallest building 21.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ISPAHAN
Jachtlaan 9/11, 1040 EtterbeekRetail trade
since 20232.352.405.594
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21362B0036/00B005 Brussels 219 m² 1 · 204 m² 21.2 m · 5 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Etterbeek2.352.405.594
1 permission
Toelating · Detailhandel · since 26-02-2024

Similar companies · same sector, comparable size

Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,507 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
Founded29-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
47260Retail trade
56112Limited-service restaurants, excluding mobile food services
92000Gambling and betting activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1002809556
Also 9925:BE1002809556
Registered 16-12-2025

Register as of 27 September 2026 · Peppol Directory

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