B.E.D.P.
ActiveSummary
B.E.D.P. has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,429 and a net result of €1,691. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+67
Solvency51▲+18
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
20 d late
2022
on the day
2021
2 d early
2020
26 d early
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Walhain, Real estate sector
Equity
€2,429▲ 229%
2024 · €739
Total assets
€9,261▲ 5.6%
2024 · €8,768
Net result
€1,691
2024 · -€1,472
Working capital
-€779▲ 74.3%
2024 · -€3,029
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€897▼ 94.7%-€532-€6,408▼ 1,105%-€562▲ 91.2%€4,091
Net result-€598within the sector's middle half-€1,858within the sector's middle half▼ 211%-€6,953within the sector's middle half▼ 274%-€1,472within the sector's middle half▲ 78.8%€1,691within the sector's middle half
Equity€11,021below the sector's middle half▼ 5.1%€9,163below the sector's middle half▼ 16.9%€2,210below the sector's middle half▼ 75.9%€739below the sector's middle half▼ 66.6%€2,429below the sector's middle half▲ 229%
Total assets€17,676below the sector's middle half▲ 8.5%€17,519below the sector's middle half▼ 0.9%€7,400below the sector's middle half▼ 57.8%€8,768below the sector's middle half▲ 18.5%€9,261below the sector's middle half▲ 5.6%
Debt€6,655▲ 42.5%€8,356▲ 25.6%€5,189▼ 37.9%€8,030▲ 54.7%€6,832▼ 14.9%
Working capital€6,130within the sector's middle half▼ 36.8%€3,785within the sector's middle half▼ 38.3%-€2,006within the sector's middle half-€3,029within the sector's middle half▼ 51.0%-€779within the sector's middle half▲ 74.3%
Solvency62.4%within the sector's middle half▼ 9.0pp52.3%within the sector's middle half▼ 10.0pp29.9%within the sector's middle half▼ 22.4pp8.4%within the sector's middle half▼ 21.4pp26.2%within the sector's middle half▲ 17.8pp
Current ratio2.19within the sector's middle half▼ 0.881.47within the sector's middle half▼ 0.720.61within the sector's middle half▼ 0.860.59within the sector's middle half▼ 0.020.89within the sector's middle half▲ 0.29
Return on assets (ROA)-3.4%below the sector's middle half▼ 97.9pp-10.6%below the sector's middle half▼ 7.2pp-94.0%below the sector's middle half▼ 83.4pp-16.8%below the sector's middle half▲ 77.2pp18.3%above the sector's middle half▲ 35.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4,091 after a loss of €562 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9,261
Fixed assets
€3,209 ▼ 26.6%
Current assets
€6,052 ▲ 37.7%
Equity and liabilities €9,261
Equity
€2,429 ▲ 229%
Debt
€6,832 ▼ 14.9%
Debt's share of the balance-sheet total falls from 91.6% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,967▲
2024 · €1,596
Cash flow
€3,566▲
2024 · €686
Debt to equity
2.81
ROE
69.6%
Interest coverage
12.70▲
2024 · 2.98
Debt ≤ 1 year
€6,832▼
2024 · €7,426
Income taxes
€1,931▲
2024 · €375
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,178 | €2,007 | €2,079 | €2,158 | €1,876 | ▼ 13.1% |
| Other operating charges640/8 | €1,135 | €1,388 | €572 | €715 | €1,051 | ▲ 47.1% |
| Gross operating margin9900 | €3,210 | €2,863 | -€3,757 | €2,311 | €7,018 | ▲ 204% |
| Operating profit (loss)9901 | €897 | -€532 | -€6,408 | -€562 | €4,091 | ▲ 828% |
| Financial income75/76B | €7 | €75 | €84 | - | - | - |
| Recurring financial income75 | €7 | €75 | €84 | - | - | - |
| Financial charges65/66B | €587 | €429 | €394 | €535 | €470 | ▼ 12.1% |
| Recurring financial charges65 | €587 | €429 | €394 | €535 | €470 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €317 | -€886 | -€6,718 | -€1,096 | €3,621 | ▲ 430% |
| Income taxes67/77 | €915 | €972 | €235 | €375 | €1,931 | ▲ 415% |
| Profit (loss) for the period9904 | -€598 | -€1,858 | -€6,953 | -€1,472 | €1,691 | ▲ 215% |
| Profit (loss) for the period to be appropriated9905 | -€598 | -€1,858 | -€6,953 | -€1,472 | €1,691 | ▲ 215% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,676 | €17,519 | €7,400 | €8,768 | €9,261 | ▲ 5.6% |
| Fixed assets21/28 | €6,415 | €5,687 | €4,216 | €4,372 | €3,209 | ▼ 26.6% |
| Intangible fixed assets21 | €1,320 | €990 | €660 | €330 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €5,095 | €4,697 | €3,556 | €4,042 | €3,209 | ▼ 20.6% |
| Plant, machinery and equipment23 | - | €1,162 | €1,034 | €906 | €778 | ▼ 14.1% |
| Furniture and vehicles24 | €5,095 | €3,535 | €2,522 | €3,136 | €2,430 | ▼ 22.5% |
| Current assets29/58 | €11,261 | €11,832 | €3,183 | €4,397 | €6,052 | ▲ 37.7% |
| Amounts receivable within one year40/41 | €2,369 | €10,644 | €130 | €1,853 | €3,296 | ▲ 77.9% |
| Trade receivables40 | €2,369 | €10,644 | €130 | €1,853 | €3,296 | ▲ 77.9% |
| Cash at bank and in hand54/58 | €8,542 | €1,086 | €2,449 | €2,447 | €2,648 | ▲ 8.2% |
| Deferred charges and accrued income490/1 | €350 | €101 | €604 | €97 | €109 | ▲ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,676 | €17,519 | €7,400 | €8,768 | €9,261 | ▲ 5.6% |
| Equity10/15 | €11,021 | €9,163 | €2,210 | €739 | €2,429 | ▲ 229% |
| Contributions10/11 | €18,600 | €18,600 | €18,813 | €18,813 | €18,813 | = |
| Reserves13 | €213 | €213 | - | - | - | - |
| Non-distributable reserves130/1 | €213 | €213 | - | - | - | - |
| Reserves not available under the articles1311 | €213 | €213 | - | - | - | - |
| Profit (loss) carried forward14 | -€7,792 | -€9,650 | -€16,603 | -€18,075 | -€16,384 | ▲ 9.4% |
| Amounts payable17/49 | €6,655 | €8,356 | €5,189 | €8,030 | €6,832 | ▼ 14.9% |
| Amounts payable after more than one year17 | €1,524 | €309 | - | €604 | - | - |
| Financial debts170/4 | €1,524 | €309 | - | €604 | - | - |
| Amounts payable within one year42/48 | €5,131 | €8,047 | €5,189 | €7,426 | €6,832 | ▼ 8.0% |
| Current portion of amounts payable after more than one year42 | €1,185 | €1,215 | €309 | €996 | €604 | ▼ 39.3% |
| Financial debts43 | - | €158 | - | - | - | - |
| Credit institutions430/8 | - | €158 | - | - | - | - |
| Trade debts44 | €1,077 | €2,904 | €2,804 | €2,736 | €1,434 | ▼ 47.6% |
| Suppliers440/4 | €1,077 | €2,904 | €2,804 | €2,736 | €1,434 | ▼ 47.6% |
| Taxes, remuneration and social security45 | €2,174 | €3,770 | €2,077 | €3,694 | €4,793 | ▲ 29.8% |
| Taxes450/3 | €2,174 | €3,770 | €2,077 | €3,694 | €4,793 | ▲ 29.8% |
| Other amounts payable47/48 | €695 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€598 | -€1,858 | -€6,953 | -€1,472 | €1,691 | ▲ 215% |
| + Depreciation and write-downs630 | €1,178 | €2,007 | €2,079 | €2,158 | €1,876 | ▼ 13.1% |
| Operating cash flow (approximation) | €580 | €148 | -€4,874 | €686 | €3,566 | ▲ 420% |
| Investment in fixed assets (approximation) | - | -€1,279 | -€608 | -€2,313 | -€712 | ▲ 69.2% |
| Change in cash | - | -€7,456 | €1,363 | -€2 | €201 | ▲ 9,244% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €1,691
Net result €1,691 after 4 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€6,953
Net result drops to -€6,953, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €15,397 ▲121%
Operating result €16,907, net result €15,397, both a record.
31-12
Financial
Liquidity times 21current ratio 3.08
Current ratio from 0.15 to 3.08; short-term debt falls from €7,686 to €4,669.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Back to profitnet €6,965
Net result €6,965 after one loss-making year.
Show earlier events
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Walhain · 1 establishment unit since 2003
Ground area
1,489 m²
Building footprint
77 m²
Volume, LiDAR
721 m³
Parcel 25104C0365/00K000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
B.E.D.P.
since 20032.132.736.624
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25104C0365/00K000 | Wallonia | 1,489 m² | 1 · 77 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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NOTANIL INVEST
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DIGRACI INVEST
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V-INVEST22
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Of 1,530 companies in sector 68322 we hold annual accounts for 745. 148 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-04-2003
Fiscal year end31-12
Trade name FR
ZETOUBU
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
71122Land surveying
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480131588
Also
9925:BE0480131588
Registered
28-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.