Summary
B.E. Fin is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €26.9m and a net result of €319,020. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 74% of 3,016 sector peers (NACE 64, financial year 2025). The company has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#4 company by staff growth in the province of Liège, Finance and insurance sector#10 employer in Liège, Finance and insurance sector
Equity
€26.9m▲ 133%
2024 · €11.5m
Net result
€319,020▲ 331%
2024 · €74,029
Total assets
€31.4m▲ 106%
2024 · €15.3m
Solvency
85.8%▲ 10.2pp
2024 · 75.6%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is nearly 46 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.9m
2025
Net result€0.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€31.4m
2025
Equity€26.9m
2025
Debt€4.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€11.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency85.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.79
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)16.4
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.03m-€0.001m€0.001m▼ 41.6%€0.003m▲ 265%€0.002m▼ 34.6%€0.009m▲ 398%€0.02m▲ 116%€0.9m▲ 46×
Net result€2.4m-€0.005mwithin the sector's middle half€0.002mwithin the sector's middle half▼ 54.2%€0.07mwithin the sector's middle half▲ 30×€0.3mwithin the sector's middle half▲ 331%
Equity€1.3m-€1.3m=€1.3mwithin the sector's middle half=€1.3mwithin the sector's middle half=€1.3mwithin the sector's middle half▲ 0.4%€1.3mwithin the sector's middle half▲ 0.2%€11.5mwithin the sector's middle half▲ 767%€26.9mabove the sector's middle half▲ 133%
Total assets€3.0m-€1.6m▼ 48.6%€2.0mwithin the sector's middle half▲ 30.5%€2.6mwithin the sector's middle half▲ 27.4%€3.8mwithin the sector's middle half▲ 46.4%€4.0mwithin the sector's middle half▲ 4.7%€15.3mwithin the sector's middle half▲ 283%€31.4mwithin the sector's middle half▲ 106%
Debt€1.7m-€0.2m▼ 85.9%€0.7m▲ 197%€1.3m▲ 77.8%€2.5m▲ 94.0%€2.7m▲ 7.1%€3.7m▲ 40.4%€4.5m▲ 19.6%
Working capital€2.7m-€1.3m▼ 51.1%€1.3mwithin the sector's middle half=€0.6mwithin the sector's middle half▼ 56.5%€0.3mwithin the sector's middle half▼ 52.8%€0.8mwithin the sector's middle half▲ 204%€6.1mabove the sector's middle half▲ 641%€11.2mabove the sector's middle half▲ 83.2%
Solvency43.4%-84.5%▲ 41.1pp64.8%within the sector's middle half▼ 19.8pp50.8%within the sector's middle half▼ 13.9pp34.9%within the sector's middle half▼ 16.0pp33.4%within the sector's middle half▼ 1.5pp75.6%within the sector's middle half▲ 42.2pp85.8%within the sector's middle half▲ 10.2pp
Current ratio8.91-6.46▼ 2.452.84within the sector's middle half▼ 3.621.45within the sector's middle half▼ 1.391.11within the sector's middle half▼ 0.341.31within the sector's middle half▲ 0.202.82within the sector's middle half▲ 1.513.79above the sector's middle half▲ 0.97
Return on assets (ROA)79.7%-0.1%within the sector's middle half0.1%within the sector's middle half▼ 0.1pp0.5%within the sector's middle half▲ 0.4pp1.0%within the sector's middle half▲ 0.5pp
Staff (FTE)1.9-8.8▲ 363%10.8above the sector's middle half▲ 22.7%11above the sector's middle half▲ 1.9%11.3above the sector's middle half▲ 2.7%15.6above the sector's middle half▲ 38.1%18.8above the sector's middle half▲ 20.5%16.4above the sector's middle half▼ 12.8%
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Why a figure moved sharply
- 2024 Equity +767%, Total assets +283% on 2023. Capital increase of €33,762,387 (Official Gazette 25-09-2024).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.4m
Fixed assets
€16.1m ▲ 179%
Current assets
€15.2m ▲ 60.6%
Equity and liabilities €31.4m
Equity
€26.9m ▲ 133%
Debt
€4.5m ▲ 19.6%
Debt's share of the balance-sheet total falls from 24.4% to 14.2%. Equity and debt are higher.
Key figures and ratios
ROE
1.2%▲
2024 · 0.6%
Debt ≤ 1 year
€4.0m▲
2024 · €3.4m
Income taxes
€44,715▲
2024 · €2,088
Staff costs
€2.0m▲
2024 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.001m | €0.001m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.9m | €1.8m | €1.8m | €2.0m | ▲ 11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58 | - | - | - | €0.001m | €0.002m | €0.002m | €0.002m | ▼ 31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.001m | - | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.001m | €0.03m | €0.001m | €0.03m | ▲ 24× |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.004m | - |
| Gross operating margin9900 | €0.1m | €0.7m | €0.8m | €0.9m | €0.9m | €1.8m | €1.8m | €2.9m | ▲ 63.8% |
| Operating profit (loss)9901 | -€0.03m | €0.001m | €0.001m | €0.003m | €0.002m | €0.009m | €0.02m | €0.9m | ▲ 46× |
| Financial income75/76B | - | - | - | €0.002m | €0.006m | €0.006m | €0.2m | €0.5m | ▲ 180% |
| Recurring financial income75 | €0.002m | €69 | €45 | €0.002m | €0.006m | €0.004m | €0.2m | €0.5m | ▲ 180% |
| Non-recurring financial income76B | - | - | - | - | - | €0.002m | - | - | - |
| Financial charges65/66B | - | - | - | €0.004m | €0.001m | €0.01m | €0.1m | €1.0m | ▲ 813% |
| Recurring financial charges65 | €0.03m | €231 | €0.001m | €0.004m | €0.001m | €0.01m | €0.03m | €0.02m | ▼ 28.1% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0.08m | €1.0m | ▲ 12× |
| Profit (loss) for the period before taxes9903 | €2.4m | €0.001m | €319 | €0.001m | €0.007m | €0.005m | €0.08m | €0.4m | ▲ 378% |
| Income taxes67/77 | €9 | €0.001m | €319 | €0.001m | €0.001m | €0.002m | €0.002m | €0.04m | ▲ 21× |
| Profit (loss) for the period9904 | €2.4m | - | - | - | €0.005m | €0.002m | €0.07m | €0.3m | ▲ 331% |
| Profit (loss) for the period to be appropriated9905 | €2.4m | - | - | - | €0.005m | €0.002m | €0.07m | €0.3m | ▲ 331% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.0m | €1.6m | €2.0m | €2.6m | €3.8m | €4.0m | €15.3m | €31.4m | ▲ 106% |
| Fixed assets21/28 | €50 | €50 | €50 | €0.8m | €1.1m | €0.5m | €5.8m | €16.1m | ▲ 179% |
| Tangible fixed assets22/27 | - | - | - | - | €0.006m | €0.004m | €0.002m | €80 | ▼ 95.0% |
| Furniture and vehicles24 | - | - | - | - | €0.006m | €0.004m | €0.002m | €80 | ▼ 95.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €0.8m | €1.1m | €0.5m | €5.8m | €16.1m | ▲ 179% |
| Current assets29/58 | €3.0m | €1.6m | €2.0m | €1.8m | €2.8m | €3.5m | €9.5m | €15.2m | ▲ 60.6% |
| Amounts receivable within one year40/41 | €0.06m | €0.05m | €0.1m | €0.01m | €0.08m | €0.8m | €1.1m | €3.6m | ▲ 228% |
| Trade receivables40 | - | - | - | €0.01m | €0.08m | €0.05m | €0.02m | €1.2m | ▲ 64× |
| Other amounts receivable41 | - | - | - | €0.003m | €0.003m | €0.7m | €1.1m | €2.4m | ▲ 119% |
| Current investments50/53 | €0.1m | €0.5m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2.8m | €0.9m | €1.5m | €0.8m | €1.6m | €2.7m | €8.3m | €11.4m | ▲ 36.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1.1m | €1.1m | €0.007m | €0.04m | €0.2m | ▲ 437% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.0m | €1.6m | €2.0m | €2.6m | €3.8m | €4.0m | €15.3m | €31.4m | ▲ 106% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €11.5m | €26.9m | ▲ 133% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €11.1m | €26.2m | ▲ 135% |
| Capital10 | - | - | - | €1.0m | €1.0m | €1.0m | €11.1m | €26.2m | ▲ 135% |
| Issued capital100 | - | - | - | €1.0m | €1.0m | €1.0m | €34.8m | €34.8m | = |
| Uncalled capital101 | - | - | - | - | - | - | €23.6m | €8.6m | ▼ 63.7% |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 15.4% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 15.4% |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 15.4% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.6m | ▲ 101% |
| Amounts payable17/49 | €1.7m | €0.2m | €0.7m | €1.3m | €2.5m | €2.7m | €3.7m | €4.5m | ▲ 19.6% |
| Amounts payable after more than one year17 | €0.3m | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.7m | €1.3m | €2.5m | €2.7m | €3.4m | €4.0m | ▲ 19.4% |
| Trade debts44 | €0.1m | €0.1m | €0.05m | €0.04m | €0.3m | €2.1m | €2.9m | €3.1m | ▲ 8.5% |
| Suppliers440/4 | - | - | - | €0.04m | €0.3m | €2.1m | €2.9m | €3.1m | ▲ 8.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 14.4% |
| Taxes450/3 | - | - | - | €0.03m | €0.05m | €0.07m | €0.05m | €0.07m | ▲ 42.4% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | ▲ 8.3% |
| Other amounts payable47/48 | - | - | - | €1.1m | €2.0m | €0.2m | €0.2m | €0.6m | ▲ 168% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €220 | - | €0.4m | €0.4m | ▲ 21.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.4m | - | - | - | €0.005m | €0.002m | €0.07m | €0.3m | ▲ 331% |
| + Depreciation and write-downs630 | €58 | - | - | - | €0.001m | €0.002m | €0.002m | €0.002m | ▼ 31.7% |
| Operating cash flow (approximation) | €2.4m | - | - | - | €0.006m | €0.005m | €0.08m | €0.3m | ▲ 320% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0.7m | -€0.3m | €0.6m | -€5.3m | -€10.4m | ▼ 96.4% |
| Change in cash | - | -€2.0m | €0.6m | -€0.7m | €0.8m | €1.1m | €5.6m | €3.0m | ▼ 45.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 25-06-2026 | 2026-00227728 |
| 31-12-2024 | full format | 01-07-2025 | 2025-00240705 |
| 31-12-2023 | full format | 04-07-2024 | 2024-00239645 |
| 31-12-2022 | full format | 22-06-2023 | 2023-00176298 |
| 31-12-2021 | full format | 14-06-2022 | 2022-20068106 |
| 31-12-2020 | full format | 23-06-2021 | 2021-23200552 |
| 31-12-2019 | full format | 26-05-2020 | 2020-13200222 |
| 31-12-2018 | full format | 27-05-2019 | 2019-14400455 |
| 31-12-2017 | full format | 26-04-2018 | 2018-11600030 |
| 31-12-2016 | full format | 18-05-2017 | 2017-12600086 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.