Equity
Equity fell by 98% in 16 years.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 68, micro). It does better than 24% of them on solvency, 23% on liquidity, 4% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 540 companies had the same profile as B.E.B. has now. Each dot stands for 2 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of B.E.B. itself is lower: 0.3% within 12 months. It rests on far more data about B.E.B. than the profile alone.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 540 companies, not a prediction for B.E.B.. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.27 (0.28 in 2024), below 1. Short-term debt is 96.6% and cash 24.5% of total assets. 96.6% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| B.E.B. Schaerbeek | €281,999 | -€10,993 | 3.4% | - |
| BHKT Genk | €311,564 | -€12,801 | 42.3% | - |
| BROUWERSHOF Kortrijk | €244,211 | -€2,019 | 99.0% | - |
| SERENITE Antwerp | €250,420 | -€693 | -58.3% | - |
| BEAU'HOUSE Grimbergen | €318,932 | -€3,186 | 1.8% | - |
| EVANIMMO Uccle | €404,554 | -€2,518 | 99.7% | - |
| GEMP-INVEST Holsbeek | €364,193 | -€2,271 | 87.1% | - |
These companies have the same main activity as B.E.B.: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €244,000 and €405,000, founded between 1997 and 2003.
Solvency fell in 2025 from 20.5% to 3.4% because of the loss.
IMMIFIN holds all the shares. In March 2023, the Official Gazette published the appointment of Bruno DETHIOUX as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover: not included in this filing.
Higher than 17% of 5,810 companies in 2025.
Higher than 19% of 5,561 companies in 2025.
Lower than 95% of 5,784 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
281,999 | 291,340 | 322,623 | 323,841 | 353,092 | 383,114 | 406,276 | 428,994 | 441,846 | 463,792 | 517,859 | 564,035 | 523,248 | 682,436 | 640,650 | 648,864 | 674,560 | 633,431 | 625,633 | |
21/28 |
209,397 | 227,346 | 258,326 | 258,510 | 286,599 | 289,135 | 314,803 | 340,472 | 366,140 | 391,809 | 417,477 | 443,146 | 468,814 | 494,483 | 520,151 | 545,819 | 571,488 | 597,156 | 622,825 | |
22/27 |
209,227 | 227,346 | 258,326 | 258,510 | 286,599 | 289,135 | 314,803 | 340,472 | 366,140 | 391,809 | 417,477 | 443,146 | 468,814 | 494,483 | 520,151 | 545,819 | 571,488 | 597,156 | 622,825 | |
22 |
209,227 | 227,346 | 258,326 | 258,510 | 286,599 | 289,135 | 314,803 | 340,472 | 366,140 | 391,809 | 417,477 | 443,146 | 468,814 | 494,483 | 520,151 | 545,819 | 571,488 | 597,156 | 622,825 | |
28 |
170 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
72,602 | 63,995 | 64,297 | 65,331 | 66,493 | 93,979 | 91,473 | 88,523 | 75,706 | 71,983 | 100,382 | 120,889 | 54,434 | 187,953 | 120,499 | 103,045 | 103,072 | 36,275 | 2,808 | |
40/41 |
- | - | - | - | - | - | 689 | 689 | 187 | 27 | 27 | - | - | - | - | - | - | - | - | |
41 |
- | - | - | - | - | - | 689 | 689 | 187 | 27 | 27 | - | - | - | - | - | - | - | - | |
54/58 |
68,993 | 60,458 | 59,633 | 63,824 | 65,052 | 92,610 | 89,199 | 86,230 | 75,089 | 71,957 | 94,218 | 114,841 | 54,087 | 187,085 | 119,646 | 102,192 | 102,219 | 35,423 | 1,956 | |
490/1 |
3,609 | 3,536 | 4,664 | 1,507 | 1,441 | 1,369 | 1,585 | 1,604 | 430 | - | 6,137 | 6,048 | 348 | 868 | 853 | 853 | 853 | 853 | 853 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
281,999 | 291,340 | 322,623 | 323,841 | 353,092 | 383,114 | 406,276 | 428,994 | 441,846 | 463,792 | 517,859 | 564,035 | 523,248 | 682,436 | 640,650 | 648,864 | 674,560 | 633,431 | 625,633 | |
10/15 |
9,480 | 59,599 | 111,293 | 154,054 | 183,119 | 209,996 | 237,234 | 263,100 | 276,299 | 293,710 | 335,240 | 360,310 | 319,590 | 275,646 | 401,097 | 431,342 | 483,205 | 438,020 | 395,034 | |
10/11 |
247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | |
10 |
247,894 | 247,894 | 247,894 | 247,894 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | 247,894 | |
13 |
24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | |
130/1 |
24,789 | 24,789 | 24,789 | 24,789 | 24,789 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | 24,789 | |
14 |
-263,202 | -213,084 | -161,389 | -118,629 | -89,564 | -62,686 | -35,449 | -9,583 | 3,616 | 21,027 | 62,557 | 87,627 | 46,907 | 2,963 | 128,415 | 158,659 | 210,522 | 165,337 | 122,351 | |
17/49 |
272,518 | 231,742 | 211,330 | 169,787 | 169,974 | 173,118 | 169,042 | 165,895 | 165,547 | 170,082 | 182,619 | 203,725 | 203,658 | 406,790 | 239,552 | 217,522 | 191,355 | 195,412 | 230,599 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,493 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,493 | |
42/48 |
272,518 | 231,742 | 211,330 | 169,787 | 169,974 | 171,067 | 165,547 | 165,547 | 165,547 | 165,544 | 182,619 | 203,235 | 203,436 | 406,574 | 239,552 | 217,522 | 191,355 | 186,336 | 207,020 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,493 | 61,973 | |
44 |
22,483 | 18,156 | 38,184 | 455 | 3,486 | - | - | - | - | - | 8 | 21,088 | 19,722 | 44,804 | 42,108 | 95,348 | 167,717 | 146,531 | 126,370 | |
440/4 |
22,483 | 18,156 | 38,184 | 455 | 3,486 | - | - | - | - | - | 8 | 21,088 | 19,722 | 44,804 | 42,108 | 95,348 | 167,717 | 146,531 | 126,370 | |
45 |
- | - | - | - | - | - | - | - | - | - | 17,067 | 17,067 | 18,634 | 14,416 | 14,196 | 13,766 | 15,230 | 15,903 | 10,269 | |
450/3 |
- | - | - | - | - | - | - | - | - | - | 17,067 | 17,067 | 18,634 | 14,416 | 14,196 | 13,766 | 15,230 | 15,903 | 10,269 | |
47/48 |
250,036 | 213,585 | 173,146 | 169,332 | 166,488 | 171,067 | 165,547 | 165,547 | 165,547 | 165,544 | 165,544 | 165,080 | 165,080 | 347,354 | 183,248 | 108,408 | 8,408 | 8,408 | 8,408 | |
492/3 |
- | - | - | - | - | 2,051 | 3,495 | 348 | - | 4,538 | - | 490 | 222 | 216 | - | - | - | 9,076 | 8,086 | |
| Income statement | ||||||||||||||||||||
9900 |
-10,993 | -14,819 | -8,539 | 7,010 | 6,838 | 6,559 | 12,062 | 16,797 | 55,632 | -4,068 | 5,758 | 91,786 | 91,657 | 85,646 | 88,040 | 91,113 | 90,660 | 91,870 | 76,715 | |
630 |
30,998 | 30,980 | 29,104 | 28,088 | 26,736 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | 25,668 | |
640/8 |
7,991 | 5,743 | 4,884 | 7,935 | 6,914 | 8,059 | 11,947 | 4,199 | 9,507 | 11,629 | 5,167 | 8,579 | 3,876 | 6,515 | 3,702 | 3,702 | 4,387 | 4,322 | 4,341 | |
9901 |
-49,982 | -51,542 | -42,527 | -29,013 | -26,812 | -27,168 | -25,554 | -13,070 | 20,457 | -41,365 | -25,078 | 57,538 | 62,112 | 53,463 | 58,669 | 61,743 | 60,604 | 61,879 | 46,705 | |
75/76B |
- | 1 | - | - | - | - | - | - | 122 | 310 | 106 | 54 | 288 | 284 | 204 | 249 | 93 | 21 | 108 | |
75 |
- | 1 | - | - | - | - | - | - | 122 | 310 | 106 | 54 | 288 | 284 | 204 | 249 | 93 | 21 | 108 | |
65/66B |
136 | 153 | 234 | 52 | 66 | 69 | 312 | 129 | 127 | 475 | 98 | 103 | 71 | 50 | 51 | 52 | 268 | 3,007 | 5,799 | |
65 |
136 | 153 | 234 | 52 | 66 | 69 | 312 | 129 | 127 | 475 | 98 | 103 | 71 | 50 | 51 | 52 | 268 | 3,007 | 5,799 | |
9903 |
-50,118 | -51,695 | -42,761 | -29,064 | -26,878 | -27,237 | -25,866 | -13,199 | 20,451 | -41,530 | -25,069 | 57,490 | 62,329 | 53,697 | 58,822 | 61,940 | 60,429 | 58,892 | 41,014 | |
67/77 |
- | - | - | - | - | - | - | - | -17 | - | - | 16,770 | 18,385 | 14,149 | 14,067 | 13,803 | 15,244 | 15,907 | 10,286 | |
9904 |
-50,118 | -51,695 | -42,761 | -29,064 | -26,878 | -27,237 | -25,866 | -13,199 | 20,468 | -41,530 | -25,069 | 40,720 | 43,945 | 39,548 | 44,756 | 48,137 | 45,186 | 42,986 | 30,728 | |
9905 |
-50,118 | -51,695 | -42,761 | -29,064 | -26,878 | -27,237 | -25,866 | -13,199 | 20,468 | -41,530 | -25,069 | 40,720 | 43,945 | 39,548 | 44,756 | 48,137 | 45,186 | 42,986 | 30,728 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-263,202 | -213,084 | -161,389 | -118,629 | -89,564 | -62,686 | -35,449 | -9,583 | 41,496 | 21,027 | 62,557 | 87,627 | 46,907 | 167,963 | 203,415 | 258,659 | 210,522 | 165,337 | 122,351 | |
14P |
-213,084 | -161,389 | -118,629 | -89,564 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | 37,880 | - | - | - | - | 165,000 | 75,000 | 100,000 | - | - | - | |
694 |
- | - | - | - | - | - | - | - | 37,880 | - | - | - | - | 165,000 | 75,000 | 100,000 | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 8 older financial years (1999-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 12-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 12-01-2026 | 2026-00005847 | |
| 30-06-2024 | full format | 24-01-2025 | 2025-00009483 | |
| 30-06-2023 | full format | 31-01-2024 | 2024-00016328 | |
| 30-06-2022 | full format | 27-01-2023 | 2023-00005453 | |
| 30-06-2021 | micro format | 18-01-2022 | 2022-01100040 | |
| 30-06-2020 | micro format | 27-01-2021 | 2021-01800448 | |
| 30-06-2019 | micro format | 30-12-2019 | 2019-77500233 | |
| 30-06-2018 | micro format | 02-11-2018 | 2018-71300201 | |
| 30-06-2017 | micro format | 28-02-2018 | 2018-05600436 | |
| 30-06-2016 | full format | 30-12-2016 | 2016-71900434 | |
| 30-06-2015 | full format | 29-01-2016 | 2016-03100260 | |
| 30-06-2014 | full format | 27-02-2015 | 2015-05000274 | |
| 30-06-2013 | full format | 30-12-2013 | 2013-69800045 | |
| 30-06-2012 | full format | 29-11-2012 | 2012-64800126 | |
| 30-06-2011 | full format | 14-11-2011 | 2011-60400543 | |
| 30-06-2010 | full format | 14-12-2010 | 2010-62900046 | |
| 30-06-2009 | full format | 27-11-2009 | 2009-86300268 | |
| 30-06-2008 | full format | 30-09-2008 | 2008-75200201 | |
| 30-06-2007 | full format | 27-11-2007 | 2007-80800169 | |
| 30-06-2006 | full format | 27-10-2006 | 2006-85404585 | |
| 30-06-2005 | full format | 26-10-2005 | 2005-83703594 | |
| 30-06-2004 | full format | 10-11-2004 | 2004-78703611 | |
| 30-06-2003 | full format | 25-11-2003 | 2003-80404775 | |
| 30-06-2002 | full format | 27-11-2002 | 2002-73803083 | |
| 30-06-2001 | full format | 31-10-2001 | 2001-67603553 | |
| 30-06-2000 | full format | 27-10-2000 | 2000-68501812 | |
| 30-06-1999 | full format | 24-11-1999 | 1999-60203162 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -18,984 | -20,562 | -13,423 | -924 | -76 | -1,500 | 115 | 12,598 | 46,125 | -15,697 | 591 | 83,207 | 87,781 | 79,131 | 84,338 | 87,412 | 86,273 | 87,547 | 72,374 | ||
| -19,120 | -20,714 | -13,657 | -976 | -142 | -1,569 | -197 | 12,469 | 46,137 | -15,861 | 599 | 66,388 | 69,613 | 65,217 | 70,424 | 73,805 | 70,854 | 68,654 | 56,397 | ||
| 13,049 | 0 | 28,920 | 0 | 24,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | ||
| 8,534 | 825 | -4,190 | -1,229 | -27,558 | 3,411 | 2,970 | 11,141 | 3,132 | -22,262 | -20,623 | 60,755 | -132,999 | 67,439 | 17,454 | -27 | 66,797 | 33,467 | - | ||
| -199,916 | -167,747 | -147,033 | -104,456 | -103,480 | -77,088 | -74,074 | -77,025 | -89,841 | -93,561 | -82,237 | -82,346 | -149,002 | -218,621 | -119,054 | -114,478 | -88,283 | -150,061 | -204,212 | ||
| 3.4% | 20.5% | 34.5% | 47.6% | 51.9% | 54.8% | 58.4% | 61.3% | 62.5% | 63.3% | 64.7% | 63.9% | 61.1% | 40.4% | 62.6% | 66.5% | 71.6% | 69.2% | 63.1% | ||
| 0.27 | 0.28 | 0.30 | 0.38 | 0.39 | 0.55 | 0.55 | 0.53 | 0.46 | 0.43 | 0.55 | 0.59 | 0.27 | 0.46 | 0.50 | 0.47 | 0.54 | 0.19 | 0.01 | ||
| 28.75 | 3.89 | 1.90 | 1.10 | 0.93 | 0.82 | 0.71 | 0.63 | 0.60 | 0.58 | 0.54 | 0.57 | 0.64 | 1.48 | 0.60 | 0.50 | 0.40 | 0.45 | 0.58 | ||
| -528.6% | -86.7% | -38.4% | -18.9% | -14.7% | -13.0% | -10.9% | -5.0% | 7.4% | -14.1% | -7.5% | 11.3% | 13.8% | 14.3% | 11.2% | 11.2% | 9.4% | 9.8% | 7.8% | ||
| -17.8% | -17.7% | -13.3% | -9.0% | -7.6% | -7.1% | -6.4% | -3.1% | 4.6% | -9.0% | -4.8% | 7.2% | 8.4% | 5.8% | 7.0% | 7.4% | 6.7% | 6.8% | 4.9% | ||
| -139.69 | -134.55 | -57.34 | -17.91 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €12,879 | - | €28,920 | - |
| Financial fixed assets | €170 | - | - | - |
| €30,998 | €30,980 | €29,104 | €28,088 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €49,982, smaller than the loss of €51,542 in 2024.
Debt's share of the balance-sheet total rises from 79.5% to 96.6%. Equity is lower and debt is higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of IMMIFIN. Every holding stands with its own latest accounts.
The network starts from the directors of B.E.B.. Every other company they run is a node.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Albert Giraudlaan 9 registered office 1030 Schaerbeek | ||
| de Jamblinne de Meuxplein 32 1030 Schaerbeek 6812101 Development of residential building projects | 05-11-1998 | 2.089.116.021 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21905C0016/00W006 | 379 m² | 1 · 254 m² | 19.5 m · 5 |
| 21015A0486/00P002 | 143 m² | 1 · 64 m² | 18.8 m · 5 |
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