OVANCO
ActiveOVANCO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €279k and a net result of €17k. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+4
Solvency97▲+1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.38 against 3.73 in 2024), and 44.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.1%
Return on assets
3.4%
Age of the figures
11 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
58 d late
2023
30 d late
2022
31 d late
2021
1 d early
2020
11 d late
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€279k▲ 6.6%
2024 · €262k
2018: €327k
2019: €339k
2020: €235k
2021: €309k
2022: €329k
2023: €288k
2024: €262k
2018 → 2025
Total assets
€507k▼ 0.4%
2024 · €509k
2018: €1.20M
2019: €1.45M
2020: €1.41M
2021: €715k
2022: €629k
2023: €515k
2024: €509k
2018 → 2025
Net result
€17k▲ 20.6%
2024 · €14k
2018: €34k
2019: €921
2020: €-104k
2021: €74k
2022: €20k
2023: €-894
2024: €14k
2018 → 2025
Working capital
€180k▲ 9.3%
2024 · €165k
2018: €182k
2019: €234k
2020: €170k
2021: €211k
2022: €235k
2023: €192k
2024: €165k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€309k-€329k▲ 6.5%€288k▼ 12.5%€262k▼ 9.0%€279k▲ 6.6%
Operating result€-250k-€34k€4k▼ 88.0%€27k▲ 568%€28k▲ 2.3%
Net result€74k-€20k▼ 72.6%€-894€14k€17k▲ 20.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507k
Fixed assets
€251k▼ 11.5%
Current assets
€255k▲ 13.5%
Equity and liabilities €507k
Equity
€279k▲ 6.6%
Provisions
€12k▼ 12.5%
Debt
€216k▼ 7.5%
The debt ratio falls from 45.9% to 42.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€67k▲
2024 · €63k
Cash flow
€56k▲
2024 · €50k
Solvency
55.1%▲
2024 · 51.5%
Current ratio
3.38▼
2024 · 3.73
Quick ratio
3.38▼
2024 · 3.73
Debt / equity
0.77▼
2024 · 0.89
ROE
6.2%▲
2024 · 5.4%
ROA
3.4%▲
2024 · 2.8%
Interest coverage
12.38▲
2024 · 8.87
Debt
€216k▼
2024 · €233k
Debt ≤ 1 year
€76k▲
2024 · €60k
Debt > 1 year
€140k▼
2024 · €173k
Income taxes
€13k▲
2024 · €13k
Staff costs
€0▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€509k€507k▼
Fixed assets21/28€284k€251k▼
Tangible fixed assets22/27€280k€251k▼
Land and buildings22€230k€212k▼
Furniture and vehicles24€0-
Leasing and similar rights25€43k€33k▼
Other tangible fixed assets26€6k€6k▼
Financial fixed assets28€4k€275▼
Current assets29/58€225k€255k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€164k€157k▼
Trade receivables40€51k€17k▼
Other amounts receivable41€113k€140k▲
Cash at bank and in hand54/58€59k€97k▲
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€509k€507k▼
Equity10/15€262k€279k▲
Contributions10/11€31k€31k=
Reserves13€231k€248k▲
Tax-exempt reserves132€53k€47k▼
Distributable reserves133€177k€201k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€14k€12k▼
Deferred taxes168€14k€12k▼
Amounts payable17/49€233k€216k▼
Amounts payable after more than one year17€173k€140k▼
Financial debts170/4€173k€140k▼
Amounts payable within one year42/48€60k€76k▲
Current portion of amounts payable after more than one year42€32k€33k▲
Financial debts43€3k€3k▼
Credit institutions430/8€3k€3k▼
Trade debts44€44€18k▲
Suppliers440/4€44€18k▲
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€14k€9k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€11k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€39k▲
Other operating charges640/8€10k€22k▲
Gross operating margin9900€75k€88k▲
Operating profit (loss)9901€27k€28k▲
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€26k€29k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€13k€13k▲
Profit (loss) for the period9904€14k€17k▲
Transfer from tax-exempt reserves789€7k€7k=
Profit (loss) for the period to be appropriated9905€21k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€24k▲
Transfer from equity791/2€40k€0▼
Transfer to equity691/2€21k€24k▲
To other reserves6921€21k€24k▲
Profit to be distributed694/7€40k€0▼
Return on contributions (dividend)694€40k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
30-09
Financial
Weakest financial yearnet €-104k ▼11396%
Net result drops to €-104k, the lowest in the series; recovery starts the following year.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 33 days late
2016
16-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
2015
10-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
12-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2014
17-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wortegem-Petegem · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudenaardseweg (W.-M.) 419790 Wortegem-PetegemGround area
7,796 m²
Building footprint
4,204 m²
Volume, LiDAR
9,752 m³
2 parcels, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tulpenstraat 15, 9810 Nazareth-De Pinte
since 20012.101.363.260
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0156/00R000 | Flanders | 6,930 m² | 1 · 4,032 m² | 11.2 m |
| 45055B0003/00D003 | Flanders | 865 m² | 1 · 172 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared director
→
Shared director
→
Ownership & control
1 partyOVANCOBE 0474.879.435
controls
Where this company holds controlthis company sits on their board1
1 subsidiary · 3 locations
Recognitions · licences · registrations
Dual-learning approval
6 endedLegal Entity Identifier
6488Q9748Z46NW5CJW84
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 7,687 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2001
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.