Active BE 0884.621.390Private limited company

P & V BOUW

Ronselestraat(RON) 19 ·9932 Lievegem, Belgium· 19 yrs active

Sector: Development of residential building projects (68121)

Conclusion Checked

P & V BOUW has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €501k and a net result of €-47k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 85% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€501k
Net result	€-47k
Better than sector	85%
Active	19 yrs

Financial profile 5 of 5 axes measured · computed by Checked

57 / 100

Mixed profile: strong on solvency, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 52

Profitability 0

Solvency 100

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2006, 19 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

52 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€25k

estimate, not credit advice

Score history

74 2021

77 2022

65 2023

94 2024

52 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 11.83 (≥ 1.5) +10

Quick ratio Quick ratio 2.68 (≥ 1.0) +5

Leverage Debt/equity 0.25 (< 1.0) +10

Profitability Negatieve ROE -9% -10

Interest coverage Interest coverage -15.1× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview18 NBB filings

Annual accounts filed on 19-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 5 fiscal years (±0.1%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	79.9%	29.9%	better than 85% of 13549 sector peers
Net result	€-47k	€6k	better than 8% of 13550 sector peers
Equity	€501k	€79k	better than 84% of 13565 sector peers
Gross operating margin	€-32k	€41k	better than 5% of 13533 sector peers
Total assets	€627k	€416k	better than 62% of 13553 sector peers

EBITDA

€-33k

- 21-25

Net profit

€-47k

- 21-25

Cash flow

€-39k

- 21-25

Total assets

€627k

+3.5% 21-25

Equity

€501k

-8.6% 21-25

Working capital

€568k

+16.9% 21-25

Income taxes

€4k

+272.7% 21-25

Debt

€126k

+118.8% 21-25

Debt ≤ 1y

€52k

-8.8% 21-25

Debt > 1y

€74k

+737.9% 21-25

Current ratio

11.83

+25.2% 21-25

Quick ratio

2.68

-49.4% 21-25

Solvency

79.9%

-11.7% 21-25

Debt / equity

0.25

+139.4% 21-25

ROE

-9.4%

- 21-25

ROA

-7.5%

- 21-25

Interest coverage

-15.12

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€-33k	€24k	€50k	€89k	€71k
Net profit	€-47k	€13k	€-13k	€40k	€24k
Cash flow	€-39k	€16k	€6k	€57k	€39k
Staff costs	-	-	-	-	-
Income taxes	€4k	€1k	€13k	€18k	€10k
Dividends	-	-	-	-	-
Total assets	€627k	€605k	€649k	€1.21M	€1.09M
Equity	€501k	€548k	€534k	€547k	€508k
Debt	€126k	€58k	€115k	€660k	€582k
of which ≤ 1y	€52k	€58k	€115k	€660k	€573k
of which > 1y	€74k	-	-	-	€9k
Working capital	€568k	€486k	€471k	€467k	€483k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	11.83	9.45	5.09	1.71	1.84
Quick ratio	2.68	5.29	2.28	0.45	0.87
Working capital ratio	90.7%	80.3%	72.5%	38.7%	44.3%
Solvency	79.9%	90.5%	82.3%	45.3%	46.6%
Debt / equity	0.25	0.11	0.22	1.21	1.15
Long-term debt ratio	0.15	-	-	-	0.02
Interest coverage	-15.12	3.14	1.58	6.21	3.31
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-7.5%	2.2%	-2.0%	3.3%	2.2%
ROE	-9.4%	2.5%	-2.4%	7.2%	4.8%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €6k · 0.9% Current assets €621k · 99.1%

Equity & liabilities

Equity €501k · 79.9% Debt €126k · 20.1%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€627k	€605k	€649k	€1.21M	€1.09M
Fixed assets	21/28	€6k	€62k	€64k	€81k	€34k
Tangible fixed assets	22/27	€4k	€8k	€10k	€27k	€34k
Financial fixed assets	28	€2k	€54k	€54k	€54k	€200
Current assets	29/58	€621k	€544k	€586k	€1.13M	€1.06M
Stocks & contracts in progress	3	€480k	€239k	€323k	€831k	€558k
Amounts receivable within one year	40/41	€119k	€172k	€68k	€45k	€36k
Cash & bank	54/58	€21k	€133k	€194k	€246k	€454k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€627k	€605k	€649k	€1.21M	€1.09M
Equity	10/15	€501k	€548k	€534k	€547k	€508k
Contributions / capital	10/11	€42k	€42k	€42k	€42k	€42k
Reserves	13	€505k	€505k	€505k	€505k	€465k
Accumulated profits (losses)	14	€-47k	-	€-13k	-	-
Amounts payable	17/49	€126k	€58k	€115k	€660k	€582k
Amounts payable after one year	17	€74k	-	-	-	€9k
Amounts payable within one year	42/48	€52k	€58k	€115k	€660k	€573k
Trade debts payable within one year	44	€4k	€0	€0	€40k	€90k
Income statement
Gross operating margin	9900	€-32k	€26k	€52k	€91k	€72k
Operating result	9901	€-41k	€22k	€31k	€71k	€56k
Financial income	75	€34	€1	-	€102	€119
Financial charges	65	€2k	€8k	€32k	€14k	€22k
Result before taxes	9903	€-43k	€15k	€-386	€57k	€35k
Income taxes	67/77	€4k	€1k	€13k	€18k	€10k
Net result for the period	9904	€-47k	€13k	€-13k	€40k	€24k
Result to be appropriated	9905	€-47k	€13k	€-13k	€40k	€24k

Directors & mandates 2 directors

Current directors & mandates

CAERELS Nida Sofie
Non-statutory director
State Gazette act 23435466 (24-11-2023)

Current
24-11-2023 → present
2 events
- 24-11-2023 Resigned· Niet statutaire zaakvoerder
- 24-11-2023 Appointed· Non-statutory director
VERMEERSCH Peter Frans Lucrèce
Non-statutory director
State Gazette act 23435466 (24-11-2023)

Current
24-11-2023 → present
2 events
- 24-11-2023 Resigned· Niet statutaire zaakvoerder
- 24-11-2023 Appointed· Non-statutory director

Legal Structure

NACE primary	Development of residential building projects(68121)
Legal form	Private limited company(610)
Incorporation	23-10-2006
Status	Active
Postal code	9932

Establishment units 1 location

P&V Bouw

Ronselestraat(RON) 19, 9932 LievegemNACE 4521101

since 20062.157.516.956

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44057A0254/00C002	Flanders	792 m²	1 · 113 m²	6.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 15Financial 4Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

19-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 19 days late

2025

31-12

Financial Weakest financial yearnet €-47k ▼450%

Net result drops to €-47k, the lowest in the series.

12-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 12 days late

2024

31-12

Financial Back to profitnet €13k

Net result €13k after one loss-making year.

29-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 90 days late

2023

31-12

Financial Liquidity triplescurrent ratio 5.09

Current ratio from 1.71 to 5.09; short-term debt falls from €660k to €115k.

24-11

State Gazette act Director changes

Bart Van de Keere

28-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

30-12

Financial Highest result since 2021net €40k ▲63.6%

Operating result €71k, net result €40k, both a record.

27-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

22-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

13-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

04-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

23-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 23 days late

2016

20-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

24-11-2023 2 directors appointed, 2 resigning Director changes·Bart Van de Keere

VERMEERSCH Peter Frans Lucrèce, Niet-statutair bestuurder
CAERELS Nida Sofie, Niet-statutair bestuurder
VERMEERSCH Peter Frans Lucrèce, Niet statutaire zaakvoerder
CAERELS Nida Sofie, Niet statutaire zaakvoerder

Notary: Bart Van de Keere · Evergem-SleidingeFirm: Notariaat Sleidinge geassocieerde notarissen

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Development of residential building projects6812170111

Names & trade names

Legal nameNL

P & V BOUW

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