BVV IMMO
ActiveSummary
BVV IMMO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€230,600) and a net result of -€76,439. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 4625 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability20▼-47
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.15 in 2023; short-term debt: 19.9% and cash: 0.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2024Solvency, return and age of the figures
Solvency
-32.1%
Return on assets
-10.7%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€230,600
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
13 d early
2022
52 d early
2021
37 d early
2020
36 d early
2019
35 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 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€76,439
2023 · €3,980
Working capital
-€134,830▼ 49.8%
2023 · -€89,993
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€15,971-€12,018▲ 24.7%€13,471€14,228▲ 5.6%€8,250▼ 42.0%
Net result-€29,904below the sector's middle half▼ 349%-€23,272below the sector's middle half▲ 22.2%€2,998within the sector's middle half€3,980within the sector's middle half▲ 32.7%-€76,439below the sector's middle half
Equity-€137,867below the sector's middle half▼ 27.7%-€161,139below the sector's middle half▼ 16.9%-€158,141below the sector's middle half▲ 1.9%-€154,161below the sector's middle half▲ 2.5%-€230,600below the sector's middle half▼ 49.6%
Total assets€671,872above the sector's middle half▲ 93.2%€612,777above the sector's middle half▼ 8.8%€572,050above the sector's middle half▼ 6.6%€539,777within the sector's middle half▼ 5.6%€717,621within the sector's middle half▲ 32.9%
Debt€809,739▲ 77.7%€773,916▼ 4.4%€730,191▼ 5.6%€693,938▼ 5.0%€948,221▲ 36.6%
Working capital-€88,002below the sector's middle half▼ 12.2%-€95,108below the sector's middle half▼ 8.1%-€92,047below the sector's middle half▲ 3.2%-€89,993within the sector's middle half▲ 2.2%-€134,830below the sector's middle half▼ 49.8%
Solvency-20.5%below the sector's middle half▲ 10.5pp-26.3%below the sector's middle half▼ 5.8pp-27.6%below the sector's middle half▼ 1.3pp-28.6%below the sector's middle half▼ 0.9pp-32.1%below the sector's middle half▼ 3.6pp
Current ratio0.02below the sector's middle half▼ 0.050.02below the sector's middle half=0.05below the sector's middle half▲ 0.030.15below the sector's middle half▲ 0.090.05below the sector's middle half▼ 0.09
Return on assets (ROA)-4.5%below the sector's middle half▼ 2.5pp-3.8%below the sector's middle half▲ 0.7pp0.5%below the sector's middle half▲ 4.3pp0.7%within the sector's middle half▲ 0.2pp-10.7%below the sector's middle half▼ 11.4pp
Staff (FTE)11=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €717,621
Fixed assets
€709,777 ▲ 35.4%
Current assets
€7,844 ▼ 49.4%
Equity and liabilities
Equity-€230,600
Debt€948,221
Equity is negative: debt (€948,221) exceeds the balance-sheet total (€717,621).
Key figures and ratios
EBITDA
€47,076▼
2023 · €58,398
Cash flow
-€37,613▼
2023 · €48,150
Interest coverage
1.72▼
2023 · 5.70
Debt ≤ 1 year
€142,674▲
2023 · €105,510
Debt > 1 year
€805,547▲
2023 · €588,428
Staff costs
€31,538▼
2023 · €48,724
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,906 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €40,776 | €42,495 | €48,724 | €31,538 | ▼ 35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,521 | €64,010 | €43,985 | €44,171 | €38,826 | ▼ 12.1% |
| Other operating charges640/8 | - | €7,595 | €7,025 | €10,107 | €8,529 | ▼ 15.6% |
| Gross operating margin9900 | €80,933 | €100,363 | €106,976 | €117,230 | €87,143 | ▼ 25.7% |
| Operating profit (loss)9901 | -€15,971 | -€12,018 | €13,471 | €14,228 | €8,250 | ▼ 42.0% |
| Financial income75/76B | - | - | - | - | €218 | - |
| Recurring financial income75 | €2 | - | - | - | €218 | - |
| Financial charges65/66B | - | €11,254 | €10,473 | €10,248 | €84,906 | ▲ 729% |
| Recurring financial charges65 | €13,935 | €11,254 | €10,473 | €10,248 | €27,345 | ▲ 167% |
| Non-recurring financial charges66B | - | - | - | - | €57,561 | - |
| Profit (loss) for the period before taxes9903 | -€29,904 | -€23,272 | €2,998 | €3,980 | -€76,439 | ▼ 2,021% |
| Profit (loss) for the period9904 | -€29,904 | -€23,272 | €2,998 | €3,980 | -€76,439 | ▼ 2,021% |
| Profit (loss) for the period to be appropriated9905 | -€29,904 | -€23,272 | €2,998 | €3,980 | -€76,439 | ▼ 2,021% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €671,872 | €612,777 | €572,050 | €539,777 | €717,621 | ▲ 32.9% |
| Fixed assets21/28 | €670,340 | €610,921 | €566,936 | €524,260 | €709,777 | ▲ 35.4% |
| Intangible fixed assets21 | €1,958 | €1,758 | €1,558 | €1,358 | €1,158 | ▼ 14.7% |
| Tangible fixed assets22/27 | €668,382 | €609,163 | €565,378 | €522,902 | €708,619 | ▲ 35.5% |
| Land and buildings22 | - | €554,991 | €517,586 | €480,182 | €692,983 | ▲ 44.3% |
| Plant, machinery and equipment23 | - | €49,545 | €45,109 | €40,674 | €8,900 | ▼ 78.1% |
| Furniture and vehicles24 | - | €4,628 | €2,683 | €2,047 | €6,736 | ▲ 229% |
| Current assets29/58 | €1,532 | €1,856 | €5,114 | €15,517 | €7,844 | ▼ 49.4% |
| Amounts receivable within one year40/41 | €368 | €325 | €3,715 | €1,208 | €3,652 | ▲ 202% |
| Trade receivables40 | - | €325 | €3,012 | €1,208 | €3,652 | ▲ 202% |
| Other amounts receivable41 | - | - | €703 | - | €0 | - |
| Cash at bank and in hand54/58 | €538 | - | - | €12,754 | €3,579 | ▼ 71.9% |
| Deferred charges and accrued income490/1 | - | €1,531 | €1,399 | €1,555 | €612 | ▼ 60.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €671,872 | €612,777 | €572,050 | €539,777 | €717,621 | ▲ 32.9% |
| Equity10/15 | -€137,867 | -€161,139 | -€158,141 | -€154,161 | -€230,600 | ▼ 49.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | - | €6,200 | - | - | - |
| Other1109/19 | - | - | €6,200 | - | - | - |
| Profit (loss) carried forward14 | -€144,067 | -€167,339 | -€164,341 | -€160,361 | -€236,800 | ▼ 47.7% |
| Amounts payable17/49 | €809,739 | €773,916 | €730,191 | €693,938 | €948,221 | ▲ 36.6% |
| Amounts payable after more than one year17 | €720,206 | €676,952 | €633,030 | €588,428 | €805,547 | ▲ 36.9% |
| Financial debts170/4 | - | €662,952 | €619,030 | €574,428 | €791,547 | ▲ 37.8% |
| Other amounts payable178/9 | - | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Amounts payable within one year42/48 | €89,533 | €96,964 | €97,161 | €105,510 | €142,674 | ▲ 35.2% |
| Current portion of amounts payable after more than one year42 | - | €43,253 | €43,922 | €44,602 | €37,859 | ▼ 15.1% |
| Financial debts43 | - | €2,749 | €4,070 | - | €611 | - |
| Credit institutions430/8 | - | €2,749 | €4,070 | - | - | - |
| Other loans439 | - | - | - | - | €611 | - |
| Trade debts44 | €3,267 | €12,344 | €3,167 | €7,053 | €15,123 | ▲ 114% |
| Suppliers440/4 | - | €12,344 | €3,167 | €7,053 | €15,123 | ▲ 114% |
| Taxes, remuneration and social security45 | - | €5,088 | €9,859 | €14,669 | €6,048 | ▼ 58.8% |
| Taxes450/3 | - | €260 | €1,696 | €5,201 | €937 | ▼ 82.0% |
| Remuneration and social security454/9 | - | €4,828 | €8,163 | €9,468 | €5,111 | ▼ 46.0% |
| Other amounts payable47/48 | - | €33,530 | €36,143 | €39,185 | €83,032 | ▲ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,904 | -€23,272 | €2,998 | €3,980 | -€76,439 | ▼ 2,021% |
| + Depreciation and write-downs630 | €56,521 | €64,010 | €43,985 | €44,171 | €38,826 | ▼ 12.1% |
| Operating cash flow (approximation) | €26,617 | €40,738 | €46,984 | €48,150 | -€37,613 | ▼ 178% |
| Investment in fixed assets (approximation) | - | -€4,591 | €0 | -€1,495 | -€224,343 | ▼ 14,910% |
| Change in cash | - | - | - | - | -€9,175 | - |
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
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 70 days late
2024
31-12
Financial
Weakest financial yearnet -€76,439
Net result drops to -€76,439, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €3,980 ▲32.7%
Operating result €14,228, net result €3,980, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,998
Net result €2,998 after 4 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2014
Ground area
393 m²
Building footprint
124 m²
Volume, LiDAR
1,776 m³
Parcel 25782D0541/00T000, Wallonia · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
BVV IMMO
since 20142.227.672.108
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D0541/00T000 | Wallonia | 393 m² | 1 · 124 m² | 16.5 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.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 3,615 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546941428
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.