Financials
- Fiscal year
- 2025
- Total assets
- €392,477
- Profit
- €16,571
- Solvency
- 47.4%
Total assets▼ 23.3%
Net result
20182025
LOVAN
ActiveSummary
LOVAN has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €186,045 and a net result of €16,571. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 33831 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45331
#2 oldest company in Enghien, Construction sector2 sites
Size
€392,477total assets 2025
- Equity
- €186,045
- Profit
- €16,571
Turnover not published (abridged schema)
Structure
Accounts 100 d early0 of 3 deeds read
Why 68- Sector Specialised construction activities (NACE 43)- 2 of the last 3 late- Liquidity: current ratio 3.14, cash €7,750+ Founded in 1981Show the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 42% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
72+14
equity 47.4% of total assets
Liquidity
49+17
short-term debt 15.3% · cash 2.0%
Profitability
41+7
return on assets 4.2%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.6%
12-2024: 3.3%▲ +26.3% vs 11-2024
01-2025: 6.5%▲ +97.8% vs 12-2024
02-2025: 6.5%● 0.0% vs 01-2025
03-2025: 6.9%▲ +5.5% vs 02-2025highest value
04-2025: 2.4%▼ -65.7% vs 03-2025
05-2025: 2.4%▲ +2.6% vs 04-2025
06-2025: 2.3%▼ -5.6% vs 05-2025
07-2025: 2.6%▲ +12.2% vs 06-2025
08-2025: 3.1%▲ +19.1% vs 07-2025
09-2025: 3.4%▲ +9.6% vs 08-2025
10-2025: 4.3%▲ +27.1% vs 09-2025
11-2025: 1.0%▼ -75.6% vs 10-2025
12-2025: 1.0%● 0.0% vs 11-2025
01-2026: 1.0%▼ -0.6% vs 12-2025
02-2026: 1.0%▲ +1.1% vs 01-2026
03-2026: 1.0%▼ -1.4% vs 02-2026
04-2026: 1.0%▲ +1.2% vs 03-2026
05-2026: 0.8%▼ -21.6% vs 04-2026lowest value
06-2026: 0.8%● 0.0% vs 05-2026lowest value
07-2026: 0.8%● 0.0% vs 06-2026lowest value
08-2026: 0.8%● 0.0% vs 07-2026lowest value
09-2026: 0.8%● 0.0% vs 08-2026lowest value
10-2026: 0.8%● 0.0% vs 09-2026lowest value
- Sector Specialised construction activities (NACE 43) raises the probability
- 2 of the last 3 late raises the probability
- Founded in 1981 lowers the probability for this profile
- Liquidity: current ratio 3.14, cash €7,750 raises the probability
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 3.14 against 1.36 in 2024; short-term debt: 15.3% and cash: 2% of total assets), but 52.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 51%, liquidity 41%, profitability 20%, growth against the median 55%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 22-04-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
71 d late
2023
222 d late
2022
52 d late
2021
142 d late
2020
128 d late
2019
116 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 90 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 10 October (4 of the last 5 filed years within 152 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Liquidity doublescurrent ratio 3.14
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 22-04-2026Annual accounts filed
- 31-12-2025Liquidity doubles
- 10-10-2025Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 03-03-1981
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.