LE BOVESSE
ActiveSummary
The annual accounts of LE BOVESSE for fiscal year 2025 show a net loss of 99% of total assets and of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €45,992 and a net result of -€50,069. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 9354 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-99
Solvency100=
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 10.76 against 10.2 in 2024; short-term debt: 9.2% and cash: 88.1% of total assets), and 9.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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 2025Solvency, return and age of the figures
Solvency
90.8%
Return on assets
-98.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 9 filingsDeviation from the deadline
2025
20 d late
2024
29 d late
2023
41 d late
2022
63 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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 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 What changed in the latest annual accounts?What changed
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 2025, abbreviated schema
Turnover
€238,892▼ 37.7%
2019 · €383,279
EBIT margin
-2.5%▼ 5.4pp
2019 · 2.9%
Net result
-€50,069
2024 · €25,723
Working capital
€45,347▼ 45.5%
2024 · €83,142
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Turnover
Operating result€15,643-€15,202-€25,152▼ 65.5%€28,414-€50,334
Net result€12,392within the sector's middle half-€16,508below the sector's middle half-€26,913below the sector's middle half▼ 63.0%€25,723within the sector's middle half-€50,069below the sector's middle half
EBIT margin
Equity€119,638within the sector's middle half▲ 11.6%€103,131within the sector's middle half▼ 13.8%€76,218within the sector's middle half▼ 26.1%€96,061within the sector's middle half▲ 26.0%€45,992within the sector's middle half▼ 52.1%
Total assets€153,686below the sector's middle half▲ 18.6%€133,533below the sector's middle half▼ 13.1%€106,780below the sector's middle half▼ 20.0%€105,098below the sector's middle half▼ 1.6%€50,639below the sector's middle half▼ 51.8%
Debt€34,048▲ 52.6%€30,402▼ 10.7%€30,562▲ 0.5%€9,037▼ 70.4%€4,647▼ 48.6%
Working capital€75,792within the sector's middle half▲ 37.5%€50,025within the sector's middle half▼ 34.0%€36,543within the sector's middle half▼ 27.0%€83,142within the sector's middle half▲ 128%€45,347within the sector's middle half▼ 45.5%
Solvency77.8%above the sector's middle half▼ 4.9pp77.2%above the sector's middle half▼ 0.6pp71.4%above the sector's middle half▼ 5.9pp91.4%above the sector's middle half▲ 20.0pp90.8%above the sector's middle half▼ 0.6pp
Current ratio3.23above the sector's middle half▼ 2.382.65within the sector's middle half▼ 0.582.20within the sector's middle half▼ 0.4510.20above the sector's middle half▲ 8.0010.76above the sector's middle half▲ 0.56
Return on assets (ROA)8.1%within the sector's middle half▲ 13.5pp-12.4%below the sector's middle half▼ 20.4pp-25.2%below the sector's middle half▼ 12.8pp24.5%above the sector's middle half▲ 49.7pp-98.9%below the sector's middle half▼ 123.4pp
Staff (FTE)4.34.7▲ 9.3%0.5within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €50,334 after €28,414 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50,639
Fixed assets
€645 ▼ 95.0%
Current assets
€49,993 ▼ 45.8%
Equity and liabilities €50,639
Equity
€45,992 ▼ 52.1%
Debt
€4,647 ▼ 48.6%
Debt's share of the balance-sheet total rises from 8.6% to 9.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€48,720▼
2024 · €30,686
Cash flow
-€48,455▼
2024 · €27,995
Debt to equity
0.10▲
2024 · 0.09
ROE
-108.9%▼
2024 · 26.8%
Interest coverage
-257.28▼
2024 · 180.87
Debt ≤ 1 year
€4,647▼
2024 · €9,037
Income taxes
€181▼
2024 · €2,614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% 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 497,340 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 5,834 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,000 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €32,824 | €77,204 | €79,866 | €9,792 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,655 | €15,685 | €16,204 | €2,271 | €1,614 | ▼ 28.9% |
| Other operating charges640/8 | €1,325 | €1,768 | €1,990 | €3,825 | €1,537 | ▼ 59.8% |
| Non-recurring operating charges66A | €0 | €0 | - | €3,205 | €1,277 | ▼ 60.2% |
| Gross operating margin9900 | €72,447 | €79,454 | €72,907 | €47,508 | -€45,907 | ▼ 197% |
| Operating profit (loss)9901 | €15,643 | -€15,202 | -€25,152 | €28,414 | -€50,334 | ▼ 277% |
| Financial income75/76B | €0 | €0 | €0 | €92 | €636 | ▲ 590% |
| Recurring financial income75 | €0 | €0 | €0 | €92 | €636 | ▲ 590% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €1,045 | €1,306 | €1,567 | €170 | €189 | ▲ 11.6% |
| Recurring financial charges65 | €1,045 | €1,306 | €817 | €170 | €189 | ▲ 11.6% |
| Non-recurring financial charges66B | €0 | €0 | €750 | - | - | - |
| Profit (loss) for the period before taxes9903 | €14,597 | -€16,508 | -€26,719 | €28,337 | -€49,888 | ▼ 276% |
| Income taxes67/77 | €2,205 | €0 | €194 | €2,614 | €181 | ▼ 93.1% |
| Profit (loss) for the period9904 | €12,392 | -€16,508 | -€26,913 | €25,723 | -€50,069 | ▼ 295% |
| Profit (loss) for the period to be appropriated9905 | €12,392 | -€16,508 | -€26,913 | €25,723 | -€50,069 | ▼ 295% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,686 | €133,533 | €106,780 | €105,098 | €50,639 | ▼ 51.8% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €43,846 | €53,106 | €39,675 | €12,919 | €645 | ▼ 95.0% |
| Intangible fixed assets21 | €229 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €32,640 | €42,129 | €28,699 | €1,942 | €328 | ▼ 83.1% |
| Land and buildings22 | - | €839 | €738 | - | - | - |
| Plant, machinery and equipment23 | €18,556 | €28,989 | €23,156 | - | - | - |
| Furniture and vehicles24 | €14,084 | €12,301 | €4,804 | €1,942 | €328 | ▼ 83.1% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Other tangible fixed assets26 | €0 | €0 | - | - | - | - |
| Financial fixed assets28 | €10,976 | €10,976 | €10,976 | €10,976 | €317 | ▼ 97.1% |
| Current assets29/58 | €109,840 | €80,427 | €67,105 | €92,179 | €49,993 | ▼ 45.8% |
| Stocks and contracts in progress3 | €9,878 | €16,796 | €11,972 | - | - | - |
| Stocks30/36 | €9,878 | €16,796 | €11,972 | - | - | - |
| Amounts receivable within one year40/41 | €16,519 | €5,030 | €6,194 | €3,539 | €4,842 | ▲ 36.8% |
| Trade receivables40 | €5,314 | €4,352 | €5,469 | - | - | - |
| Other amounts receivable41 | €11,204 | €677 | €725 | €3,539 | €4,842 | ▲ 36.8% |
| Cash at bank and in hand54/58 | €79,340 | €40,386 | €43,483 | €87,182 | €44,601 | ▼ 48.8% |
| Deferred charges and accrued income490/1 | €4,104 | €18,216 | €5,456 | €1,458 | €550 | ▼ 62.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,686 | €133,533 | €106,780 | €105,098 | €50,639 | ▼ 51.8% |
| Equity10/15 | €119,638 | €103,131 | €76,218 | €96,061 | €45,992 | ▼ 52.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €24,080 | €24,080 | €24,080 | €43,800 | €43,800 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €17,880 | €17,880 | €17,880 | €37,600 | €37,600 | = |
| Profit (loss) carried forward14 | €33,558 | €17,051 | -€9,862 | -€9,739 | -€59,808 | ▼ 514% |
| Amounts payable17/49 | €34,048 | €30,402 | €30,562 | €9,037 | €4,647 | ▼ 48.6% |
| Amounts payable after more than one year17 | €0 | €0 | - | - | - | - |
| Financial debts170/4 | €0 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €34,048 | €30,402 | €30,562 | €9,037 | €4,647 | ▼ 48.6% |
| Current portion of amounts payable after more than one year42 | €10,369 | €0 | - | - | - | - |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | €0 | €0 | - | - | - | - |
| Trade debts44 | €10,201 | €14,408 | €15,598 | €1,929 | €3,902 | ▲ 102% |
| Suppliers440/4 | €10,201 | €14,408 | €15,598 | €1,929 | €3,902 | ▲ 102% |
| Taxes, remuneration and social security45 | €13,479 | €15,933 | €14,215 | €5,125 | €8 | ▼ 99.9% |
| Taxes450/3 | €7,832 | €4,797 | €2,638 | €5,125 | €8 | ▼ 99.9% |
| Remuneration and social security454/9 | €5,646 | €11,136 | €11,577 | - | - | - |
| Other amounts payable47/48 | €0 | €61 | €750 | €1,982 | €737 | ▼ 62.8% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,392 | -€16,508 | -€26,913 | €25,723 | -€50,069 | ▼ 295% |
| + Depreciation and write-downs630 | €22,655 | €15,685 | €16,204 | €2,271 | €1,614 | ▼ 28.9% |
| Operating cash flow (approximation) | €35,047 | -€822 | -€10,709 | €27,995 | -€48,455 | ▼ 273% |
| Investment in fixed assets (approximation) | - | -€24,945 | -€2,773 | €24,485 | €10,659 | ▼ 56.5% |
| Change in cash | - | -€38,954 | €3,098 | €43,699 | -€42,581 | ▼ 197% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet -€50,069
Net result drops to -€50,069, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €25,723
Net result €25,723 after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 10.20
Current ratio from 2.20 to 10.20; short-term debt falls from €30,562 to €9,037.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €12,392
Net result €12,392 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 5.61
Current ratio from 1.57 to 5.61; short-term debt falls from €49,153 to €11,967.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €6,225
Net result €6,225 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
15 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, Namur · 1 establishment unit since 2002
Ground area
154 m²
Building footprint
71 m²
Volume, LiDAR
827 m³
Parcel 92094C0435/00N000, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Basse Neuville 25, 5000 Namur
since 20022.101.821.932
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0435/00N000 | Wallonia | 154 m² | 1 · 71 m² | 13.6 m · 4 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
FRAMIMMO
BE 0560.971.289
Frameries · Eq €45,998
LAASAL-INVEST
BE 0771.569.474
Charleroi · Eq €46,032
Immobilière Dauby
BE 1010.519.571
Thuin · Eq €46,037
Domus Invest Construct
BE 0553.848.917
Knokke-Heist · Eq €45,944
RENOROM
BE 0873.200.532
Schaarbeek · Eq €46,043
Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 4,942 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43120Site preparation
43240Other construction installation
43350Other building finishing work
68110Buying and selling of own real estate
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477405195
Also
9925:BE0477405195
Registered
08-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.