BVS SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of BVS SOLUTIONS is 2.0% (moderate). The 2024 annual accounts show equity of €916k and a net result of €146k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 1633 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-3
Solvency69▲+8
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.07 in 2023; short-term debt: 34.9% and cash: 9.2% of total assets), and 56.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.5%
Return on assets
6.9%
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 29-09-2025, 60 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
92 d late
2022
103 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€916k▲ 18.9%
2023 · €771k
2022: €581klowest in 3 years
2023: €771k▲ +32.6% vs 2022
2024: €916k▲ +18.9% vs 2023highest in 3 years
2022 → 2024
Total assets
€2.11M▼ 2.5%
2023 · €2.16M
2022: €1.38Mlowest in 3 years
2023: €2.16M▲ +56.8% vs 2022highest in 3 years
2024: €2.11M▼ -2.5% vs 2023
2022 → 2024
Net result
€146k▼ 23.1%
2023 · €189k
2022: €576khighest in 3 years
2023: €189k▼ -67.1% vs 2022
2024: €146k▼ -23.1% vs 2023lowest in 3 years
2022 → 2024
Working capital
€235k▲ 231%
2023 · €71k
2022: €234k
2023: €71k▼ -69.6% vs 2022lowest in 3 years
2024: €235k▲ +231% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€581k-€771k▲ 32.6%€916k▲ 18.9%
2022: €581klowest in 3 years
2023: €771k▲ +32.6% vs 2022
2024: €916k▲ +18.9% vs 2023highest in 3 years
Operating result€764k-€268k▼ 64.9%€232k▼ 13.4%
2022: €764khighest in 3 years
2023: €268k▼ -64.9% vs 2022
2024: €232k▼ -13.4% vs 2023lowest in 3 years
Net result€576k-€189k▼ 67.1%€146k▼ 23.1%
2022: €576khighest in 3 years
2023: €189k▼ -67.1% vs 2022
2024: €146k▼ -23.1% vs 2023lowest in 3 years
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 has fallen two years in a row; 2024 is 13% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.11M
Fixed assets
€1.14M ▲ 7.3%
Current assets
€970k ▼ 11.9%
Equity and liabilities €2.11M
Equity
€916k ▲ 18.9%
Debt
€1.19M ▼ 14.3%
Debt's share of the balance-sheet total falls from 64.3% to 56.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€349k▼
2023 · €411k
Cash flow
€262k▼
2023 · €332k
Current ratio
1.32▲
2023 · 1.07
Debt to equity
1.30▼
2023 · 1.80
ROE
15.9%▼
2023 · 24.6%
ROA
6.9%▼
2023 · 8.8%
Interest coverage
8.48▼
2023 · 33.30
Debt ≤ 1 year
€735k▼
2023 · €1.03M
Debt > 1 year
€454k▲
2023 · €358k
Income taxes
€46k▼
2023 · €67k
Staff costs
€413
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.16M€2.11M▼
Fixed assets21/28€1.06M€1.14M▲
Intangible fixed assets21€198k€172k▼
Tangible fixed assets22/27€859k€963k▲
Land and buildings22€723k€835k▲
Plant, machinery and equipment23€21k€16k▼
Furniture and vehicles24€115k€113k▼
Current assets29/58€1.10M€970k▼
Stocks and contracts in progress3€16k-
Stocks30/36€16k-
Amounts receivable within one year40/41€939k€776k▼
Trade receivables40€939k€776k▼
Cash at bank and in hand54/58€146k€194k▲
Deferred charges and accrued income490/1€27€228▲
Equity and liabilities
Total equity and liabilities10/49€2.16M€2.11M▼
Equity10/15€771k€916k▲
Contributions10/11€5k€5k=
Reserves13€576k€576k=
Distributable reserves133€576k€576k=
Profit (loss) carried forward14€189k€335k▲
Amounts payable17/49€1.39M€1.19M▼
Amounts payable after more than one year17€358k€454k▲
Financial debts170/4€358k€454k▲
Amounts payable within one year42/48€1.03M€735k▼
Financial debts43€25k€29k▲
Credit institutions430/8€25k€29k▲
Trade debts44€434k€453k▲
Suppliers440/4€434k€453k▲
Taxes, remuneration and social security45€298k€155k▼
Taxes450/3€112k€145k▲
Remuneration and social security454/9€187k€10k▼
Other amounts payable47/48€272k€99k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€413
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€116k▼
Other operating charges640/8€9k€7k▼
Gross operating margin9900€420k€356k▼
Operating profit (loss)9901€268k€232k▼
Financial income75/76B€13€28▲
Recurring financial income75€13€28▲
Financial charges65/66B€12k€41k▲
Recurring financial charges65€12k€41k▲
Profit (loss) for the period before taxes9903€256k€191k▼
Income taxes67/77€67k€46k▼
Profit (loss) for the period9904€189k€146k▼
Profit (loss) for the period to be appropriated9905€189k€146k▼
Appropriation of the result
Profit (loss) to be appropriated9906€189k€335k▲
Profit (loss) brought forward from the previous period14P-€189k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €413 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106k | €143k | €116k | ▼ 18.6% |
| Other operating charges640/8 | €1k | €9k | €7k | ▼ 24.0% |
| Gross operating margin9900 | €871k | €420k | €356k | ▼ 15.3% |
| Operating profit (loss)9901 | €764k | €268k | €232k | ▼ 13.4% |
| Financial income75/76B | €364 | €13 | €28 | ▲ 115% |
| Recurring financial income75 | €364 | €13 | €28 | ▲ 115% |
| Financial charges65/66B | €1k | €12k | €41k | ▲ 233% |
| Recurring financial charges65 | €1k | €12k | €41k | ▲ 233% |
| Profit (loss) for the period before taxes9903 | €763k | €256k | €191k | ▼ 25.3% |
| Income taxes67/77 | €187k | €67k | €46k | ▼ 31.5% |
| Profit (loss) for the period9904 | €576k | €189k | €146k | ▼ 23.1% |
| Profit (loss) for the period to be appropriated9905 | €576k | €189k | €146k | ▼ 23.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.38M | €2.16M | €2.11M | ▼ 2.5% |
| Fixed assets21/28 | €447k | €1.06M | €1.14M | ▲ 7.3% |
| Intangible fixed assets21 | €225k | €198k | €172k | ▼ 13.4% |
| Tangible fixed assets22/27 | €222k | €859k | €963k | ▲ 12.1% |
| Land and buildings22 | €151k | €723k | €835k | ▲ 15.4% |
| Plant, machinery and equipment23 | €15k | €21k | €16k | ▼ 25.0% |
| Furniture and vehicles24 | €57k | €115k | €113k | ▼ 1.6% |
| Current assets29/58 | €929k | €1.10M | €970k | ▼ 11.9% |
| Stocks and contracts in progress3 | - | €16k | - | - |
| Stocks30/36 | - | €16k | - | - |
| Amounts receivable within one year40/41 | €783k | €939k | €776k | ▼ 17.3% |
| Trade receivables40 | €777k | €939k | €776k | ▼ 17.3% |
| Other amounts receivable41 | €6k | - | - | - |
| Cash at bank and in hand54/58 | €146k | €146k | €194k | ▲ 33.0% |
| Deferred charges and accrued income490/1 | €27 | €27 | €228 | ▲ 744% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.38M | €2.16M | €2.11M | ▼ 2.5% |
| Equity10/15 | €581k | €771k | €916k | ▲ 18.9% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €576k | €576k | €576k | = |
| Distributable reserves133 | €576k | €576k | €576k | = |
| Profit (loss) carried forward14 | - | €189k | €335k | ▲ 76.9% |
| Amounts payable17/49 | €795k | €1.39M | €1.19M | ▼ 14.3% |
| Amounts payable after more than one year17 | €99k | €358k | €454k | ▲ 27.0% |
| Financial debts170/4 | €99k | €358k | €454k | ▲ 27.0% |
| Amounts payable within one year42/48 | €696k | €1.03M | €735k | ▼ 28.6% |
| Financial debts43 | €12k | €25k | €29k | ▲ 13.3% |
| Credit institutions430/8 | €12k | €25k | €29k | ▲ 13.3% |
| Trade debts44 | €121k | €434k | €453k | ▲ 4.3% |
| Suppliers440/4 | €121k | €434k | €453k | ▲ 4.3% |
| Taxes, remuneration and social security45 | €264k | €298k | €155k | ▼ 48.1% |
| Taxes450/3 | €264k | €112k | €145k | ▲ 30.0% |
| Remuneration and social security454/9 | - | €187k | €10k | ▼ 94.9% |
| Other amounts payable47/48 | €299k | €272k | €99k | ▼ 63.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €576k | €189k | €146k | ▼ 23.1% |
| + Depreciation and write-downs630 | €106k | €143k | €116k | ▼ 18.6% |
| Operating cash flow (approximation) | €683k | €332k | €262k | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | €-754k | €-194k | ▲ 74.3% |
| Change in cash | - | €-36 | €48k | ▲ 132,929% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €146k ▼23.1%
Net result drops to €146k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
11-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 103 days late
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
3 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, Lokeren · 1 establishment unit since 2021
Ground area
902 m²
Building footprint
183 m²
Volume, LiDAR
765 m³
Parcel 46383D1138/00D000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BVS-mechanics service
since 20212.325.183.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D1138/00D000 | Flanders | 902 m² | 1 · 183 m² | 9.0 m · 2 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 1,225 companies in sector 33200 we hold annual accounts for 677. 373 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
Founded09-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
43990Other specialised construction activities
46190Agents in non-specialised wholesale trade
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.