B.E.D SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of B.E.D SERVICES is 2.9% (moderate). The 2025 annual accounts show equity of €296,285 and a net result of €74,343. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 61% of 2,317 sector peers (NACE 49, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (38 days) Filed on 7 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00505814.
Turnover
€1.9m▲ 10.9%
2024 · €1.7m
EBIT margin
3.9%▲ 3.2pp
2024 · 0.6%
Net result
€74,343▲ 585%
2024 · €10,850
Working capital
-€104,071
2024 · €34,653
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 572% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€1.9m
2025
Operating result€0.07m
2025
Net result€0.07m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.6m
2025
Equity€0.3m
2025
Debt€0.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin3.9%
2025
Return on assets (ROA)12.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency48.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.67
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.2m-€0.5m▲ 177%€0.8m▲ 65.8%€1.4m▲ 67.7%€1.4m▲ 3.2%€1.7m▲ 23.3%€1.9m▲ 10.9%
Operating result€0.01m-€0.03m▲ 101%€0.07m▲ 159%€0.1m▲ 36.4%€0.01m▼ 88.8%€0.01m▲ 3.3%€0.07m▲ 572%
Net result€0.01m-€0.03mabove the sector's middle half▲ 177%€0.07mabove the sector's middle half▲ 160%€0.09mabove the sector's middle half▲ 26.9%€0.01mwithin the sector's middle half▼ 88.6%€0.01mwithin the sector's middle half▲ 7.3%€0.07mwithin the sector's middle half▲ 585%
EBIT margin7.6%-5.5%▼ 2.1pp8.6%▲ 3.1pp7.0%▼ 1.6pp0.8%▼ 6.2pp0.6%▼ 0.1pp3.9%▲ 3.2pp
Equity€0.02m-€0.04mwithin the sector's middle half▲ 169%€0.1mabove the sector's middle half▲ 164%€0.2mabove the sector's middle half▲ 78.7%€0.2mabove the sector's middle half▲ 5.0%€0.2mwithin the sector's middle half▲ 5.1%€0.3mwithin the sector's middle half▲ 33.5%
Total assets€0.04m-€0.09mwithin the sector's middle half▲ 125%€0.3mabove the sector's middle half▲ 204%€0.4mabove the sector's middle half▲ 29.5%€0.3mabove the sector's middle half▼ 16.6%€0.5mbelow the sector's middle half▲ 65.8%€0.6mwithin the sector's middle half▲ 23.2%
Debt€0.02m-€0.05m▲ 96.9%€0.2m▲ 239%€0.2m▼ 3.8%€0.09m▼ 43.7%€0.3m▲ 208%€0.3m▲ 15.0%
Working capital-€0.02m--€0.01mbelow the sector's middle half▲ 23.4%€0.03mwithin the sector's middle half€0.04mwithin the sector's middle half▲ 44.2%€0.006mwithin the sector's middle half▼ 86.2%€0.03mwithin the sector's middle half▲ 497%-€0.1mbelow the sector's middle half
Solvency38.9%-46.5%within the sector's middle half▲ 7.6pp40.3%within the sector's middle half▼ 6.2pp55.6%within the sector's middle half▲ 15.3pp70.0%above the sector's middle half▲ 14.4pp44.4%within the sector's middle half▼ 25.6pp48.1%within the sector's middle half▲ 3.7pp
Current ratio0.30-0.73below the sector's middle half▲ 0.431.18within the sector's middle half▲ 0.451.30within the sector's middle half▲ 0.131.06within the sector's middle half▼ 0.241.12within the sector's middle half▲ 0.060.67below the sector's middle half▼ 0.45
Return on assets (ROA)23.7%-29.2%above the sector's middle half▲ 5.5pp25.0%above the sector's middle half▼ 4.2pp24.5%above the sector's middle half▼ 0.5pp3.4%within the sector's middle half▼ 21.2pp2.2%within the sector's middle half▼ 1.2pp12.1%above the sector's middle half▲ 9.9pp
above
within
below
the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Staff figure corrected
- 2024 Left out: filed figure impossible (835,799.5). The filed figure means under EUR 100 of staff costs per FTE.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €614,336
Fixed assets
€398,978 ▲ 115%
Current assets
€215,358 ▼ 31.1%
Equity and liabilities €615,714
Equity
€296,285 ▲ 33.5%
Debt
€319,429 ▲ 15.0%
Debt's share of the balance-sheet total falls from 55.6% to 51.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92,480▲
2024 · €29,089
Cash flow
€92,341▲
2024 · €28,848
Debt to equity
1.08▼
2024 · 1.25
ROE
25.1%▲
2024 · 4.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€319,429▲
2024 · €277,755
Staff costs
€639,029▼
2024 · €835,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.2m | €0.5m | €0.8m | €1.4m | €1.4m | €1.7m | €1.9m | ▲ 10.9% |
| Non-recurring operating income76A | - | - | €0.004m | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0.6m | €0.9m | €0.7m | €0.9m | €1.2m | ▲ 36.4% |
| Remuneration, social security and pensions62 | - | - | €0.08m | €0.4m | €0.7m | €0.8m | €0.6m | ▼ 23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.009m | €0.01m | €0.05m | €0.04m | €0.02m | €0.02m | = |
| Other operating charges640/8 | - | - | €0.001m | €0.01m | €0.007m | €0.004m | €0.01m | ▲ 168% |
| Gross operating margin9900 | €0.04m | €0.06m | €0.2m | €0.5m | €0.7m | €0.9m | €0.7m | ▼ 14.6% |
| Operating profit (loss)9901 | €0.01m | €0.03m | €0.07m | €0.1m | €0.01m | €0.01m | €0.07m | ▲ 572% |
| Recurring financial income75 | - | €0 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | €283 | €0.005m | €0.001m | €241 | €139 | ▼ 42.2% |
| Recurring financial charges65 | €0.004m | - | €283 | €0.005m | €0.001m | €241 | €139 | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.03m | €0.07m | €0.09m | €0.01m | €0.01m | €0.07m | ▲ 585% |
| Income taxes67/77 | - | - | - | €0.002m | - | - | - | - |
| Profit (loss) for the period9904 | €0.01m | €0.03m | €0.07m | €0.09m | €0.01m | €0.01m | €0.07m | ▲ 585% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €0.03m | €0.07m | €0.09m | €0.01m | €0.01m | €0.07m | ▲ 585% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €40,792 | €91,718 | €278,940 | €361,231 | €301,360 | €499,697 | €615,714 | ▲ 23.2% |
| Formation expenses20 | - | - | €1,378 | €1,378 | €1,378 | €1,378 | €1,378 | = |
| Fixed assets21/28 | €33,343 | €56,036 | €81,847 | €179,157 | €203,910 | €185,911 | €398,978 | ▲ 115% |
| Intangible fixed assets21 | €1,378 | €1,378 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €21,600 | €34,067 | €53,757 | €115,476 | €56,144 | €38,146 | €20,148 | ▼ 47.2% |
| Plant, machinery and equipment23 | - | - | - | - | €3,000 | €2,400 | €1,800 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | €44,724 | €75,356 | €49,555 | €32,157 | €14,759 | ▼ 54.1% |
| Leasing and similar rights25 | - | - | €9,032 | €40,120 | €3,589 | €3,589 | €3,589 | = |
| Financial fixed assets28 | €10,365 | €20,591 | €28,090 | €63,681 | €147,765 | €147,765 | €378,831 | ▲ 156% |
| Current assets29/58 | €7,448 | €35,682 | €195,715 | €180,696 | €96,072 | €312,408 | €215,358 | ▼ 31.1% |
| Amounts receivable within one year40/41 | €5,857 | €9,092 | €113,910 | €131,221 | €52,154 | €311,216 | €207,001 | ▼ 33.5% |
| Trade receivables40 | - | - | €113,910 | €122,570 | €52,154 | €311,216 | €207,001 | ▼ 33.5% |
| Other amounts receivable41 | - | - | - | €8,651 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,592 | €26,590 | €81,804 | €49,475 | €43,918 | €1,191 | €8,180 | ▲ 587% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €177 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €40,792 | €91,718 | €278,940 | €361,231 | €301,360 | €499,697 | €615,714 | ▲ 23.2% |
| Equity10/15 | €15,875 | €42,663 | €112,440 | €200,981 | €211,092 | €221,942 | €296,285 | ▲ 33.5% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | - | €6,200 | - | - | - |
| Other1109/19 | - | - | - | - | €6,200 | - | - | - |
| Reserves13 | €967 | €967 | €967 | €967 | €967 | €967 | €967 | = |
| Non-distributable reserves130/1 | - | - | €967 | €967 | €967 | €967 | €967 | = |
| Reserves not available under the articles1311 | - | - | €967 | €967 | €967 | €967 | €967 | = |
| Profit (loss) carried forward14 | €8,707 | €35,496 | €105,272 | €193,814 | €203,925 | €214,775 | €289,118 | ▲ 34.6% |
| Amounts payable17/49 | €24,917 | €49,055 | €166,500 | €160,250 | €90,268 | €277,755 | €319,429 | ▲ 15.0% |
| Amounts payable after more than one year17 | - | - | - | €21,687 | - | - | - | - |
| Financial debts170/4 | - | - | - | €21,687 | - | - | - | - |
| Amounts payable within one year42/48 | €24,917 | €49,055 | €166,500 | €138,563 | €90,268 | €277,755 | €319,429 | ▲ 15.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,936 | - | - | - | - |
| Trade debts44 | €21,573 | €21,164 | €67,928 | €10,863 | €79,106 | €96,118 | €57,115 | ▼ 40.6% |
| Suppliers440/4 | - | - | €67,928 | €10,863 | €79,106 | €96,118 | €57,115 | ▼ 40.6% |
| Taxes, remuneration and social security45 | - | - | €96,663 | €105,173 | €11,162 | €181,637 | €262,314 | ▲ 44.4% |
| Taxes450/3 | - | - | €52,265 | €63,169 | €681 | €34,338 | €220,555 | ▲ 542% |
| Remuneration and social security454/9 | - | - | €44,398 | €42,004 | €10,482 | €147,300 | €41,759 | ▼ 71.7% |
| Other amounts payable47/48 | - | - | €1,909 | €1,591 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,675 | €26,789 | €69,776 | €88,541 | €10,111 | €10,850 | €74,343 | ▲ 585% |
| + Depreciation and write-downs630 | €5,400 | €9,200 | €13,705 | €46,404 | €44,712 | €17,998 | €17,998 | = |
| Operating cash flow (approximation) | €15,075 | €35,989 | €83,481 | €134,945 | €54,823 | €28,848 | €92,341 | ▲ 220% |
| Investment in fixed assets (approximation) | - | -€31,893 | -€39,516 | -€143,714 | -€69,464 | €1 | -€231,066 | - |
| Change in cash | - | €24,998 | €55,214 | -€32,329 | -€5,557 | -€42,726 | €6,988 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-09-2026 | 2026-00505814 |
| 31-12-2024 | full format | 10-11-2025 | 2025-00566709 |
| 31-12-2023 | micro format | 12-01-2025 | 2025-00004682 |
| 31-12-2022 | micro format | 19-11-2023 | 2023-00515829 |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20283773 |
| 31-12-2020 | micro format | 27-10-2021 | 2021-73800386 |
| 31-12-2019 | micro format | 22-01-2021 | 2021-01500251 |
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Of the 12,347 active companies whose main activity is freight transport by road (NACE 49410), figures are known for 8,197. 5,874 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.