BOVAND
ActiveSummary
BOVAND has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €238k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+3
Solvency100=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 33.69 against 6.52 in 2024; short-term debt: 2% and cash: 0.9% of total assets), and 2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
98%
Return on assets
20.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 5 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.14M▲ 26.4%
2024 · €902k
2021: €209k
2022: €493k
2023: €723k
2024: €902k
2021 → 2025
Total assets
€1.16M▲ 17.3%
2024 · €991k
2021: €286k
2022: €640k
2023: €861k
2024: €991k
2021 → 2025
Net result
€238k▲ 32.9%
2024 · €179k
2021: €204k
2022: €284k
2023: €230k
2024: €179k
2021 → 2025
Working capital
€761k▲ 54.0%
2024 · €494k
2021: €132k
2022: €433k
2023: €676k
2024: €494k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€209k-€493k▲ 136%€723k▲ 46.5%€902k▲ 24.7%€1.14M▲ 26.4%
Operating result€293k-€414k▲ 41.1%€333k▼ 19.4%€272k▼ 18.4%€302k▲ 10.9%
Net result€204k-€284k▲ 39.6%€230k▼ 19.3%€179k▼ 22.1%€238k▲ 32.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€378k ▼ 7.2%
Current assets
€785k ▲ 34.3%
Equity and liabilities €1.16M
Equity
€1.14M ▲ 26.4%
Debt
€23k ▼ 74.0%
Debt's share of the balance-sheet total falls from 9.0% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€334k▼
2024 · €337k
Cash flow
€269k▲
2024 · €243k
Current ratio
33.69▲
2024 · 6.52
Debt to equity
0.02▼
2024 · 0.10
ROE
20.9%▲
2024 · 19.8%
ROA
20.4%▲
2024 · 18.0%
Interest coverage
292.00▲
2024 · 214.58
Debt ≤ 1 year
€23k▼
2024 · €90k
Income taxes
€86k▼
2024 · €98k
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 · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€991k€1.16M▲
Fixed assets21/28€407k€378k▼
Tangible fixed assets22/27€407k€378k▼
Land and buildings22€372k€361k▼
Furniture and vehicles24€35k€17k▼
Financial fixed assets28€62€62=
Current assets29/58€584k€785k▲
Amounts receivable within one year40/41€49k€13k▼
Trade receivables40€49k€11k▼
Other amounts receivable41€105€2k▲
Current investments50/53€398k€759k▲
Cash at bank and in hand54/58€135k€10k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€991k€1.16M▲
Equity10/15€902k€1.14M▲
Contributions10/11€5k€5k=
Reserves13€896k€956k▲
Distributable reserves133€896k€956k▲
Profit (loss) carried forward14€1k€179k▲
Amounts payable17/49€90k€23k▼
Amounts payable within one year42/48€90k€23k▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€82k€16k▼
Taxes450/3€82k€16k▼
Other amounts payable47/48€2k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€32k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€338k€335k▼
Operating profit (loss)9901€272k€302k▲
Financial income75/76B€6k€23k▲
Recurring financial income75€6k€23k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€277k€324k▲
Income taxes67/77€98k€86k▼
Profit (loss) for the period9904€179k€238k▲
Profit (loss) for the period to be appropriated9905€179k€238k▲
Appropriation of the result
Profit (loss) to be appropriated9906€179k€239k▲
Profit (loss) brought forward from the previous period14P€267€1k▲
Transfer to equity691/2€178k€60k▼
To other reserves6921€178k€60k▼
The notes to these accounts (7 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Liquidity times 5current ratio 33.69
Current ratio from 6.52 to 33.69; short-term debt falls from €90k to €23k.
31-12
Financial
Equity above €1MEq €1.14M ▲26.4%
5 profitable years in a row build equity to €1.14M.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €179k ▼22.1%
Net result drops to €179k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €500kEq €723k ▲46.5%
3 profitable years in a row build equity to €723k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €284k ▲39.6%
Operating result €414k, net result €284k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
14-07
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2021
Ground area
850 m²
Building footprint
402 m²
Volume, LiDAR
9,827 m³
Parcel 21444B0086/00B009, Brussels · tallest building 34.7 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
BOVAND
since 20212.312.158.415
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0086/00B009 | Brussels | 850 m² | 1 · 402 m² | 34.7 m · 10 fl. |
Linked by address, not proof of ownership
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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 26,387 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.