B-expert services
ActiveSummary
B-expert services has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132,846 and a net result of €1.5m. Equity is shrinking by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 3342 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency31▼-1
Growth61=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.81 in 2024; short-term debt: 93.7% and cash: 0.5% of total assets), and 94.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.9%
Return on assets
65.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 3342 sector peers (2025).
NBB · sector comparisonPosition among 3342 sector peers
Solvency
better than 14%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
13 d early
2023
23 d early
2022
25 d early
2021
39 d early
2020
24 d early
2019
10 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 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 6 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€7.9m▲ 4.9%
2020 · €7.6m
EBIT margin
15.3%▲ 6.2pp
2020 · 9.1%
Net result
€1.5m▼ 0.1%
2024 · €1.5m
Working capital
-€228,914▲ 22.5%
2024 · -€295,378
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€7.9m▲ 4.9%
Operating result€1.2m▲ 76.7%€496,020▼ 59.1%€2.0m▲ 305%€2.0m▼ 2.2%€2.0m▲ 0.7%
Net result€843,417above the sector's middle half▲ 89.5%€344,197above the sector's middle half▼ 59.2%€1.5mabove the sector's middle half▲ 336%€1.5mabove the sector's middle half▼ 2.3%€1.5mabove the sector's middle half▼ 0.1%
EBIT margin15.3%▲ 6.2pp
Equity€1.2mabove the sector's middle half▼ 31.6%€148,680within the sector's middle half▼ 87.7%€150,141within the sector's middle half▲ 1.0%€117,129below the sector's middle half▼ 22.0%€132,846within the sector's middle half▲ 13.4%
Total assets€3.9mabove the sector's middle half▲ 31.2%€3.1mabove the sector's middle half▼ 19.8%€2.6mwithin the sector's middle half▼ 17.1%€1.7mwithin the sector's middle half▼ 33.9%€2.2mabove the sector's middle half▲ 32.2%
Debt€2.7m▲ 124%€3.0m▲ 10.8%€2.4m▼ 18.0%€1.6m▼ 34.7%€2.1m▲ 33.5%
Working capital€710,450above the sector's middle half▼ 49.1%-€264,190below the sector's middle half-€236,885below the sector's middle half▲ 10.3%-€295,378below the sector's middle half▼ 24.7%-€228,914below the sector's middle half▲ 22.5%
Solvency31.1%within the sector's middle half▼ 28.6pp4.8%below the sector's middle half▼ 26.3pp5.8%below the sector's middle half▲ 1.0pp6.9%below the sector's middle half▲ 1.1pp5.9%below the sector's middle half▼ 1.0pp
Current ratio1.27within the sector's middle half▼ 0.910.91below the sector's middle half▼ 0.360.90below the sector's middle half▼ 0.010.81below the sector's middle half▼ 0.090.89below the sector's middle half▲ 0.08
Return on assets (ROA)21.8%above the sector's middle half▲ 6.7pp11.1%within the sector's middle half▼ 10.7pp58.3%above the sector's middle half▲ 47.2pp86.2%above the sector's middle half▲ 27.9pp65.2%above the sector's middle half▼ 21.0pp
Staff (FTE)32.3above the sector's middle half▲ 3.2%28.3above the sector's middle half▼ 12.4%1.8within the sector's middle half▼ 93.6%1.8within the sector's middle half=1.8within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€370,611 ▼ 10.4%
Current assets
€1.9m ▲ 45.8%
Equity and liabilities €2.2m
Equity
€132,846 ▲ 13.4%
Debt
€2.1m ▲ 33.5%
Debt's share of the balance-sheet total rises from 93.1% to 94.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.1m▲
2024 · €2.0m
Cash flow
€1.5m▲
2024 · €1.5m
Debt to equity
15.92▲
2024 · 13.52
Interest coverage
165.61▼
2024 · 346.98
Debt ≤ 1 year
€2.1m▲
2024 · €1.6m
Debt > 1 year
€1,335=
2024 · €1,335
Income taxes
€489,338▼
2024 · €492,089
Staff costs
€163,759▼
2024 · €176,384
A ratio outside any meaningful range has been withheld (balance sheet total €2.2m, equity €132,846).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 931 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €7.9m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €1,965 | - |
| Goods, raw materials, services and sundry goods60/61 | €4.9m | - | - | - | - | - |
| Remuneration, social security and pensions62 | €1.7m | €1.8m | €21,347 | €176,384 | €163,759 | ▼ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €191,340 | €207,994 | €112,838 | €24,606 | €83,584 | ▲ 240% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €58,445 | €0 | -€67,563 | -€46,104 | -€9,017 | ▲ 80.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €2,434 | €35,211 | €22,936 | €34,761 | €516 | ▼ 98.5% |
| Gross operating margin9900 | €3.2m | €2.5m | €2.1m | €2.2m | €2.2m | ▲ 2.9% |
| Operating profit (loss)9901 | €1.2m | €496,020 | €2.0m | €2.0m | €2.0m | ▲ 0.7% |
| Financial income75/76B | €2,571 | €371 | €3 | €573 | €77 | ▼ 86.6% |
| Recurring financial income75 | €2,571 | €371 | €3 | €573 | €77 | ▼ 86.6% |
| Financial charges65/66B | €11,918 | €15,525 | €6,256 | €5,732 | €22,034 | ▲ 284% |
| Recurring financial charges65 | €11,918 | €15,525 | €6,256 | €5,732 | €12,443 | ▲ 117% |
| Non-recurring financial charges66B | - | - | - | - | €9,591 | - |
| Profit (loss) for the period before taxes9903 | €1.2m | €480,867 | €2.0m | €2.0m | €2.0m | ▼ 0.2% |
| Income taxes67/77 | €361,379 | €136,670 | €500,000 | €492,089 | €489,338 | ▼ 0.6% |
| Profit (loss) for the period9904 | €843,417 | €344,197 | €1.5m | €1.5m | €1.5m | ▼ 0.1% |
| Profit (loss) for the period to be appropriated9905 | €843,417 | €344,197 | €1.5m | €1.5m | €1.5m | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €3.1m | €2.6m | €1.7m | €2.2m | ▲ 32.2% |
| Fixed assets21/28 | €495,875 | €432,267 | €388,361 | €413,842 | €370,611 | ▼ 10.4% |
| Intangible fixed assets21 | €160,968 | €5,946 | €0 | - | - | - |
| Tangible fixed assets22/27 | €334,906 | €374,571 | €336,611 | €362,092 | €318,861 | ▼ 11.9% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €37,041 | €31,215 | €21,687 | €20,647 | €21,207 | ▲ 2.7% |
| Furniture and vehicles24 | €20,351 | €22,790 | €11,230 | €9,846 | €3,918 | ▼ 60.2% |
| Other tangible fixed assets26 | €277,514 | €320,566 | €303,694 | €331,599 | €293,735 | ▼ 11.4% |
| Financial fixed assets28 | - | €51,750 | €51,750 | €51,750 | €51,750 | = |
| Current assets29/58 | €3.4m | €2.7m | €2.2m | €1.3m | €1.9m | ▲ 45.8% |
| Amounts receivable after more than one year29 | €176,000 | €176,000 | €176,000 | €0 | - | - |
| Other amounts receivable291 | €176,000 | €176,000 | €176,000 | €0 | - | - |
| Stocks and contracts in progress3 | €3,579 | €28,905 | €0 | - | - | - |
| Contracts in progress37 | €3,579 | €28,905 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €2.7m | €2.2m | €1.9m | €1.2m | €1.9m | ▲ 50.2% |
| Trade receivables40 | €1.5m | €1.5m | €68,205 | €85,508 | €6,107 | ▼ 92.9% |
| Other amounts receivable41 | €1.2m | €662,830 | €1.9m | €1.2m | €1.9m | ▲ 60.8% |
| Cash at bank and in hand54/58 | €455,624 | €281,794 | €89,489 | €45,398 | €11,976 | ▼ 73.6% |
| Deferred charges and accrued income490/1 | €25,389 | €3,473 | €0 | - | €346 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €3.1m | €2.6m | €1.7m | €2.2m | ▲ 32.2% |
| Equity10/15 | €1.2m | €148,680 | €150,141 | €117,129 | €132,846 | ▲ 13.4% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Outside capital11 | €60,000 | €60,000 | - | - | - | - |
| Other1109/19 | €60,000 | €60,000 | - | - | - | - |
| Reserves13 | €1.1m | €88,680 | €88,680 | €88,680 | €72,846 | ▼ 17.9% |
| Non-distributable reserves130/1 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves not available under the articles1311 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Tax-exempt reserves132 | €57,242 | €57,242 | €57,242 | €57,242 | €57,242 | = |
| Distributable reserves133 | €1.1m | €25,439 | €25,439 | €25,439 | €9,605 | ▼ 62.2% |
| Profit (loss) carried forward14 | €0 | €0 | €1,461 | -€31,551 | €0 | ▲ 100% |
| Amounts payable17/49 | €2.7m | €3.0m | €2.4m | €1.6m | €2.1m | ▲ 33.5% |
| Amounts payable after more than one year17 | €1,335 | €2,835 | €1,335 | €1,335 | €1,335 | = |
| Other amounts payable178/9 | €1,335 | €2,835 | €1,335 | €1,335 | €1,335 | = |
| Amounts payable within one year42/48 | €2.7m | €2.9m | €2.4m | €1.6m | €2.1m | ▲ 33.1% |
| Financial debts43 | €463 | €435 | €84,376 | €21,118 | €63,124 | ▲ 199% |
| Credit institutions430/8 | €463 | €435 | €84,376 | €21,118 | €63,124 | ▲ 199% |
| Trade debts44 | €859,106 | €1.2m | €97,518 | €29,172 | €23,357 | ▼ 19.9% |
| Suppliers440/4 | €859,106 | €1.2m | €97,518 | €29,172 | €23,357 | ▼ 19.9% |
| Taxes, remuneration and social security45 | €407,837 | €315,799 | €10,194 | €29,185 | €65,431 | ▲ 124% |
| Taxes450/3 | €155,982 | €60,601 | €2,602 | €3,586 | €38,223 | ▲ 966% |
| Remuneration and social security454/9 | €251,854 | €255,198 | €7,592 | €25,599 | €27,207 | ▲ 6.3% |
| Other amounts payable47/48 | €1.4m | €1.4m | €2.2m | €1.5m | €2.0m | ▲ 30.0% |
| Accrued charges and deferred income492/3 | €506 | €16,562 | €0 | - | €7,515 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €843,417 | €344,197 | €1.5m | €1.5m | €1.5m | ▼ 0.1% |
| + Depreciation and write-downs630 | €191,340 | €207,994 | €112,838 | €24,606 | €83,584 | ▲ 240% |
| Operating cash flow (approximation) | €1.0m | €552,191 | €1.6m | €1.5m | €1.5m | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | -€144,386 | -€68,932 | -€50,088 | -€40,353 | ▲ 19.4% |
| Change in cash | - | -€173,831 | -€192,305 | -€44,091 | -€33,422 | ▲ 24.2% |
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
20-08
State Gazette act
General meeting · Capital contribution
Power of attorney
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.5m ▲336%
Operating result €2.0m, net result €1.5m, both a record.
31-12
Financial
Equity above €150,000Eq €150,141 ▲1%
6 profitable years in a row build equity to €150,141.
06-10
State Gazette act
General meeting · Purpose change
Name change · Statutes amendment · Michaël Mullie
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-10
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
Show earlier events
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Gent · 1 establishment unit since 1979
Ground area
1,329 m²
Building footprint
635 m²
Volume, LiDAR
5,583 m³
Parcel 44062B0052/00Y000, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
32
companies at this address
See who is registered here
1 establishment unit
B-expert services
since 19792.182.473.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0052/00Y000 | Flanders | 1,329 m² | 1 · 635 m² | 13.3 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.
Structure & network
Owners and holdings
2 ownersChain of control
- BOFIDI ADVISORY
- B-expert services
Highest known parent: BOFIDI ADVISORY. The sources do not say who stands above it.
Owners 2
- BOFIDI ADVISORYparent50.83%
-
0.17%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 4 entries · 21,591 EUR awarded · 21,591 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 5,702 EUR | 5,702 EUR |
| 2022 | 2 | 15,889 EUR | 15,889 EUR |
Similar companies · same sector, comparable size
STUDIECENTRUM VOOR ACCOUNTANCY ANTWERPEN
BE 1031.912.031
Wommelgem · Eq €132,848
JETHO
BE 0779.854.462
Beringen · Eq €132,858
AJK ACCOUNTANCY
BE 0845.419.732
Nieuwerkerken (Limb.) · Eq €132,830
Didier Clement Accountancy
BE 0758.362.727
Antwerpen · Eq €132,749
Saldi
BE 0544.890.768
Leuven · Eq €132,963
Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,537 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
Founded19-12-1979
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420017819
Also
9925:BE0420017819
Registered
04-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.