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LOVAN

Active
Private limited companyfounded 1981active for 45 yearsWeggevoerdenstraat(P.E.) 32, 7850 Enghien, BelgiumKBO/BCE: BE 0421.403.038
Summary

LOVAN has been active since 1981 and the Belgian Official 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 about 2.6% per year across the filed financial years. Its solvency ranks better than 50% of 34,190 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
#2 oldest company in Enghien, Construction sector2 sites
Size
€392,477total assets 2025
Equity
€186,045
Profit
€16,571
Turnover not published (micro format)
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Accounts 100 days early0 of 3 deeds read
Why 68raises riskSector: Specialised construction activities (NACE 43)2 of the last 3 lateLiquidity: current ratio 3.14, cash €7,750lowers riskFounded in 1981Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 42% of its sector peers (NACE 43, micro)
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).

Sector median 0.7% (47,532 companies, NACE 43, micro)
Last 24 months 11-2024: 2.6% 12-2024: 3.3%▲ +0.7 percentage points vs 11-2024 01-2025: 6.5%▲ +3.2 percentage points vs 12-2024 02-2025: 6.5%● unchanged vs 01-2025 03-2025: 6.9%▲ +0.4 percentage points vs 02-2025highest value 04-2025: 2.4%▼ -4.5 percentage points vs 03-2025 05-2025: 2.4%● unchanged vs 04-2025 06-2025: 2.3%▼ -0.1 percentage points vs 05-2025 07-2025: 2.6%▲ +0.3 percentage points vs 06-2025 08-2025: 3.1%▲ +0.5 percentage points vs 07-2025 09-2025: 3.4%▲ +0.3 percentage points vs 08-2025 10-2025: 4.3%▲ +0.9 percentage points vs 09-2025 11-2025: 1.0%▼ -3.3 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 0.8%▼ -0.2 percentage points vs 04-2026lowest value 06-2026: 0.8%● unchanged vs 05-2026lowest value 07-2026: 0.8%● unchanged vs 06-2026lowest value 08-2026: 0.8%● unchanged vs 07-2026lowest value 09-2026: 0.8%● unchanged vs 08-2026lowest value 10-2026: 0.8%● unchanged vs 09-2026lowest value
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.14, compared with 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 follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 51% on solvency, 41% on liquidity, 20% on profitability and 55% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 2 of the last 3 late
NBB · filings
lowers risk · Founded in 1981
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 3.14, cash €7,750
NBB · annual accounts
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 filings
Deviation from the deadline
2025
100 days early
2024
71 days late
2023
222 days late
2022
52 days late
2021
142 days late
2020
128 days late
2019
116 days 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 (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 October (4 of the last 5 filed years within 152 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Liquidity more than doublescurrent ratio 3.14
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: Oldest company in Enghien, Construction sectorin the Checked rankings #2 View
  • Active since 1981founded 03-03-1981 45 years View
  • Total assets 20256 financial years filed €392,477 View

By topic

Financials

Financial year
2025
Total assets
€392,477
Profit
€16,571
Solvency
47.4%
Total assets▼ 23.3%
Net result
20182025
Go to Financials

Timeline

Events
50
Since
1982
Next accounts
by 31-07-2027
  1. 10-03-2025Annual accounts filed
  2. 31-12-2024Back to profit
  3. 21-09-2023Annual accounts filed
Go to Timeline

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 to Company details

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