Equity
Equity fell by 51% in 18 years.
Equity fell by 51% in 18 years.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The micro format states no turnover.
Ten of the last ten came late. The 2017 accounts came latest: 48 days after the end of the period.
New director. Latest change 24-12-2025 · 1 in office.
Lower net result than 92% of companies in specialised construction. Sector median €9,998 · 37,193 companies.
In July 2024, 5,843 companies had the same profile as B.C.D. has now. Each dot stands for 15 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,843 companies, not a prediction for B.C.D.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| B.C.D. Anderlecht | €82,700 | €1,006 | 44.9% | - |
| QUALIVIE DISTRIBUTION Soignies | €81,637 | -€33,557 | -73.0% | - |
| EUROFLEX Aalter | €79,772 | €562 | 56.7% | - |
| METAALCONSTRUCTIE GEUDENS EDDY Westerlo | €71,087 | -€14,181 | 95.7% | - |
| CLAVI TRADING Hulshout | €71,814 | €195 | -183.9% | - |
| SAFE@WORK Wervik | €89,435 | -€11,302 | 68.7% | - |
| MAASMECHELSE BOUWCENTRALE Maasmechelen | €101,653 | -€5,533 | 82.7% | - |
These companies have the same main activity as B.C.D.: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €71,100 and €102,000, founded between 1998 and 2003.
B.C.D. files the micro format. That format states no turnover. The gross margin fell from €2,433 in 2006 to €1,006 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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