ACTIVE

BOVAN

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

24,5 k €

-3.3% YoY

Gross margin

45,8 k €

-2.1% YoY

Equity

419,7 k €

+6.2% YoY

What does BOVAN do?

BOVAN is a Public limited company incorporated in 1990. Its main activity is: Development of building projects. Its registered office is in Lanaken.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.447.484

Incorporation

08/11/1990

Legal form

Public limited company

Registered office

Bessemerstraat 1
3620 Lanaken · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52461Warehousing and support activities for transportation

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	45,8 k €	-2.1%	46,8 k €	+69.4%	27,6 k €	+16.0%	23,8 k €	-36.3%	37,4 k €	+1.9%	36,7 k €	+113%	17,2 k €	-11.0%	19,3 k €	+7.0%	18,1 k €	-46.1%	33,5 k €	+41.1%	23,7 k €	-48.5%	46,1 k €	+24.1%	37,2 k €	-17.0%	44,8 k €	+17.7%	38 k €	+7.6%	35,4 k €	-38.0%	57 k €	-13.4%	65,8 k €	-10.9%	73,9 k €	+23.4%	59,9 k €
EBITDA	38 k €	-7.7%	41,1 k €	+97.3%	20,8 k €	+18.2%	17,6 k €	-43.7%	31,3 k €	+1.0%	31 k €	+185%	10,9 k €	-20.0%	13,6 k €	+9.4%	12,4 k €	-55.9%	28,2 k €	+58.7%	17,7 k €	-57.2%	41,5 k €	+30.5%	31,8 k €	-19.4%	39,5 k €	+19.2%	33,1 k €	+8.8%	30,4 k €	-39.6%	50,4 k €	-17.6%	61,1 k €	-9.5%	67,5 k €	+20.7%	55,9 k €
Operating result	36,1 k €	-7.7%	39,1 k €	+108%	18,8 k €	+51.5%	12,4 k €	-53.4%	26,6 k €	+3.3%	25,8 k €	+352%	5,7 k €	-26.5%	7,8 k €	-26.3%	10,5 k €	-60.4%	26,6 k €	+63.3%	16,3 k €	-58.9%	39,6 k €	+29.1%	30,7 k €	-12.6%	35,1 k €	+23.1%	28,5 k €	+9.3%	26,1 k €	-33.4%	39,2 k €	-9.2%	43,1 k €	-17.7%	52,4 k €	+27.5%	41,1 k €
Net result	24,5 k €	-3.3%	25,3 k €	+113%	11,9 k €	+57.9%	7,5 k €	-56.6%	17,4 k €	-6.5%	18,6 k €	+456%	3,3 k €	-34.1%	5,1 k €	-37.7%	8,1 k €	-52.1%	17 k €	+62.6%	10,5 k €	-52.2%	21,9 k €	+46.3%	14,9 k €	+9.3%	13,7 k €	+67.3%	8,2 k €	+88.7%	4,3 k €	+199%	1,4 k €	-88.8%	12,9 k €	-46.2%	24 k €	+116%	11,1 k €
Balance sheet
Equity	419,7 k €	+6.2%	395,2 k €	+6.4%	371,5 k €	+2.9%	361,2 k €	+0.4%	359,6 k €	+4.6%	343,8 k €	+5.2%	326,8 k €	+0.5%	325,1 k €	+1.1%	321,6 k €	+2.6%	313,5 k €	+5.7%	296,5 k €	+3.7%	286 k €	+8.3%	264,2 k €	+6.0%	249,2 k €	+5.8%	235,5 k €	+3.6%	227,4 k €	+1.9%	223 k €	+0.7%	221,6 k €	+6.2%	208,7 k €	+13.0%	184,7 k €
Total assets	566,7 k €	-1.5%	575,1 k €	+1.2%	568 k €	-5.2%	599 k €	-2.4%	613,6 k €	-2.0%	626,4 k €	-0.7%	630,6 k €	-3.0%	650 k €	-0.6%	653,7 k €	-0.3%	655,6 k €	-0.6%	659,3 k €	-2.7%	677,6 k €	-2.9%	697,7 k €	-3.9%	725,6 k €	-1.6%	737,4 k €	-3.5%	764,3 k €	-2.0%	779,6 k €	+3.4%	753,9 k €	+1.6%	742,2 k €	-0.4%	745,4 k €
Cash	39,2 k €	+66.3%	23,5 k €	+75.0%	13,5 k €	-31.0%	19,5 k €	-50.8%	39,7 k €	+123%	17,8 k €	+350%	4 k €	+39.3%	2,8 k €	+17.9%	2,4 k €	-38.8%	3,9 k €	+65.3%	2,4 k €	-67.8%	7,4 k €	-24.2%	9,8 k €	+30.5%	7,5 k €	+0.1%	7,5 k €	+54.9%	4,8 k €	+52.7%	3,2 k €	-21.3%	4 k €	-15.7%	4,8 k €	+43.0%	3,3 k €
Debts	146,8 k €	-18.3%	179,7 k €	-7.8%	194,9 k €	-18.0%	237,6 k €	-6.4%	253,7 k €	-10.1%	282,3 k €	-7.0%	303,5 k €	-6.5%	324,7 k €	-2.2%	332,1 k €	-2.9%	342 k €	-5.7%	362,7 k €	-6.3%	387 k €	-9.2%	426,3 k €	-9.7%	472,1 k €	-5.2%	498,2 k €	-6.9%	535,4 k €	-2.1%	546,8 k €	+4.0%	525,5 k €	+0.6%	522,4 k €	-5.0%	549,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

David Bollen

Director

Active

Lucienne van den Broek

Director

Active

Ended mandates

David Bollen

Mandate

Ended

David Karel Bollen

Director

Ended

Lambert Bollen

Mandate

Ended

Lambert Bollen

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/08/2026	27/08/2025	31/07/2024	27/07/2023	27/07/2022	30/07/2021
General meeting	19/05/2026	30/06/2025	21/05/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/05/2026	21/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	27/08/2025	Dutch	PDF
Micro model	31/12/2023	21/05/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	27/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	30/10/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	14/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	15/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	24/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	11/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	17/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	21/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

David Bollen

Director

Active

Lucienne van den Broek

Director

Active

Ended mandates

David Bollen

Mandate

Ended

David Karel Bollen

Director

Ended

Lambert Bollen

Mandate

Ended

Lambert Bollen

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2013
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202524,5 k €↓
2024
Annual accounts 202425,3 k €↑
2023
Annual accounts 202311,9 k €↑
2022
Annual accounts 20227,5 k €↓
2021
Annual accounts 202117,4 k €↓
2020
Annual accounts 202018,6 k €↑
2019
Annual accounts 20193,3 k €↓
2018
Annual accounts 20185,1 k €↓
2017
Annual accounts 20178,1 k €↓
2016
Annual accounts 201617 k €↑
2015
Annual accounts 201510,5 k €↓
2014
Annual accounts 201421,9 k €↑
2013
Annual accounts 201314,9 k €↑
2012
Annual accounts 201213,7 k €↑
2011
Annual accounts 20118,2 k €↑
2010
Annual accounts 20104,3 k €↑
2009
Annual accounts 20091,4 k €↓
2008
Annual accounts 200812,9 k €↓
2007
Annual accounts 200724 k €↑
2006
Annual accounts 200611,1 k €
08/11/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BOVAN

Overview

What does BOVAN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline