B2Holding
ActiveSummary
B2Holding has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €406,927 and a net result of €61,812. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▲+8
Solvency44▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.1 in 2023; short-term debt: 43.3% and cash: 0.1% of total assets), and 80.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9046 sector peers (2024).
NBB · sector comparisonPosition among 9046 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
77 d late
2022
68 d late
2021
3 d late
2020
88 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 73 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€406,927▲ 17.9%
2023 · €345,115
Total assets
€2.1m▲ 0.1%
2023 · €2.1m
Net result
€61,812▲ 83.6%
2023 · €33,667
Working capital
-€812,824▼ 9.6%
2023 · -€741,778
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€37,663▼ 79.8%€140,298▲ 273%€83,542▼ 40.5%€81,881▼ 2.0%€122,030▲ 49.0%
Net result€13,297within the sector's middle half▼ 87.0%€93,147within the sector's middle half▲ 600%€57,450within the sector's middle half▼ 38.3%€33,667within the sector's middle half▼ 41.4%€61,812within the sector's middle half▲ 83.6%
Equity€160,851within the sector's middle half▲ 18.9%€253,998within the sector's middle half▲ 57.9%€311,448within the sector's middle half▲ 22.6%€345,115within the sector's middle half▲ 10.8%€406,927within the sector's middle half▲ 17.9%
Total assets€2.8mabove the sector's middle half▲ 203%€2.5mabove the sector's middle half▼ 7.5%€2.1mwithin the sector's middle half▼ 18.4%€2.1mwithin the sector's middle half▲ 1.9%€2.1mwithin the sector's middle half▲ 0.1%
Debt€2.6m▲ 235%€2.3m▼ 11.6%€1.8m▼ 22.9%€1.8m▲ 0.3%€1.7m▼ 3.3%
Working capital€288,942▼ 19.2%€45,457▼ 84.3%-€453,932-€741,778▼ 63.4%-€812,824▼ 9.6%
Solvency5.8%below the sector's middle half▼ 9.0pp10.0%below the sector's middle half▲ 4.1pp15.0%below the sector's middle half▲ 5.0pp16.3%below the sector's middle half▲ 1.3pp19.2%below the sector's middle half▲ 2.9pp
Staff (FTE)1.5below the sector's middle half▼ 84.4%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 2024; 2024 is 49% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€2.0m ▼ 0.9%
Current assets
€104,346 ▲ 26.1%
Equity and liabilities €2.1m
Equity
€406,927 ▲ 17.9%
Debt
€1.7m ▼ 3.3%
Debt's share of the balance-sheet total falls from 83.7% to 80.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160,508▲
2023 · €118,031
Cash flow
€100,291▲
2023 · €69,817
Current ratio
0.11▲
2023 · 0.10
Debt to equity
4.21▼
2023 · 5.14
ROE
15.2%▲
2023 · 9.8%
ROA
2.9%▲
2023 · 1.6%
Interest coverage
4.70▲
2023 · 4.02
Debt ≤ 1 year
€917,169▲
2023 · €824,522
Debt > 1 year
€795,753▼
2023 · €946,003
Income taxes
€26,094▲
2023 · €18,887
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,066 | €16,127 | €30,526 | ▲ 89.3% |
| Remuneration, social security and pensions62 | - | - | €1,135 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,233 | €30,605 | €29,411 | €36,150 | €38,478 | ▲ 6.4% |
| Other operating charges640/8 | - | €6,778 | €11,658 | €3,962 | €3,232 | ▼ 18.4% |
| Gross operating margin9900 | €150,868 | €177,681 | €125,746 | €121,993 | €163,741 | ▲ 34.2% |
| Operating profit (loss)9901 | €37,663 | €140,298 | €83,542 | €81,881 | €122,030 | ▲ 49.0% |
| Financial income75/76B | - | €7,353 | €12,391 | €30 | - | - |
| Recurring financial income75 | €5,241 | €7,353 | €12,391 | €30 | - | - |
| Financial charges65/66B | - | €29,761 | €26,034 | €29,358 | €34,124 | ▲ 16.2% |
| Recurring financial charges65 | €35,928 | €29,761 | €26,034 | €29,358 | €34,124 | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | €6,976 | €117,890 | €69,899 | €52,553 | €87,906 | ▲ 67.3% |
| Income taxes67/77 | -€6,321 | €24,743 | €12,449 | €18,887 | €26,094 | ▲ 38.2% |
| Profit (loss) for the period9904 | €13,297 | €93,147 | €57,450 | €33,667 | €61,812 | ▲ 83.6% |
| Profit (loss) for the period to be appropriated9905 | €13,297 | €93,147 | €57,450 | €33,667 | €61,812 | ▲ 83.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.5m | €2.1m | €2.1m | €2.1m | ▲ 0.1% |
| Fixed assets21/28 | €2.1m | €2.1m | €2.1m | €2.0m | €2.0m | ▼ 0.9% |
| Intangible fixed assets21 | €135,000 | €112,500 | €90,000 | €67,500 | €45,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €30,370 | €22,264 | €27,749 | €17,524 | €20,981 | ▲ 19.7% |
| Plant, machinery and equipment23 | - | €1,100 | €270 | - | €2,264 | - |
| Furniture and vehicles24 | - | €21,164 | €27,479 | €17,524 | €18,717 | ▲ 6.8% |
| Financial fixed assets28 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Current assets29/58 | €638,463 | €462,023 | €11,001 | €82,744 | €104,346 | ▲ 26.1% |
| Amounts receivable within one year40/41 | €472,087 | €454,298 | €7,551 | €73,847 | €96,061 | ▲ 30.1% |
| Trade receivables40 | - | €38,525 | - | - | €39,443 | - |
| Other amounts receivable41 | - | €415,773 | €7,551 | €73,847 | €56,618 | ▼ 23.3% |
| Cash at bank and in hand54/58 | €163,672 | €6,452 | €3,450 | €4,308 | €3,148 | ▼ 26.9% |
| Deferred charges and accrued income490/1 | - | €1,273 | - | €4,589 | €5,136 | ▲ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.5m | €2.1m | €2.1m | €2.1m | ▲ 0.1% |
| Equity10/15 | €160,851 | €253,998 | €311,448 | €345,115 | €406,927 | ▲ 17.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €142,251 | €235,398 | €292,848 | €326,515 | €388,327 | ▲ 18.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €233,538 | €290,988 | €326,515 | €388,327 | ▲ 18.9% |
| Profit (loss) carried forward14 | €24,998 | - | - | - | - | - |
| Amounts payable17/49 | €2.6m | €2.3m | €1.8m | €1.8m | €1.7m | ▼ 3.3% |
| Amounts payable after more than one year17 | €2.2m | €1.9m | €1.3m | €946,003 | €795,753 | ▼ 15.9% |
| Financial debts170/4 | - | €1.9m | €1.3m | €946,003 | €795,753 | ▼ 15.9% |
| Amounts payable within one year42/48 | €349,521 | €416,566 | €464,933 | €824,522 | €917,169 | ▲ 11.2% |
| Current portion of amounts payable after more than one year42 | - | €156,859 | €208,551 | €355,669 | €358,038 | ▲ 0.7% |
| Financial debts43 | - | €200,000 | €200,000 | €200,000 | €212,384 | ▲ 6.2% |
| Credit institutions430/8 | - | €200,000 | €200,000 | €200,000 | €212,384 | ▲ 6.2% |
| Trade debts44 | €19,777 | €49,302 | €10,864 | €2,708 | €35,168 | ▲ 1,199% |
| Suppliers440/4 | - | €49,302 | €10,864 | €2,708 | €35,168 | ▲ 1,199% |
| Taxes, remuneration and social security45 | - | €10,405 | €10,954 | €8,587 | €21,220 | ▲ 147% |
| Taxes450/3 | - | €10,405 | €10,954 | €8,587 | €21,220 | ▲ 147% |
| Other amounts payable47/48 | - | - | €34,563 | €257,558 | €290,359 | ▲ 12.7% |
| Accrued charges and deferred income492/3 | - | - | €698 | €2,128 | €477 | ▼ 77.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,297 | €93,147 | €57,450 | €33,667 | €61,812 | ▲ 83.6% |
| + Depreciation and write-downs630 | €31,233 | €30,605 | €29,411 | €36,150 | €38,478 | ▲ 6.4% |
| Operating cash flow (approximation) | €44,530 | €123,752 | €86,861 | €69,817 | €100,291 | ▲ 43.6% |
| Investment in fixed assets (approximation) | - | €0 | -€12,396 | -€3,425 | -€19,435 | ▼ 467% |
| Change in cash | - | -€157,220 | -€3,002 | €858 | -€1,160 | ▼ 235% |
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
2026
22-06
State Gazette act
RestructuringMerger · Accounting effect · Capital8 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Capital8 facts ▸
- Merger, vereenvoudigde zusterfusie
- Accounting effect, 01-01-2026
- Capital, €18.600
- Capital, €11.200
- Balance sheet date, 31-12-2025
- Share issue, none
- Tax treatment, not subject per art. 11 & 18 §3 BTW, art. 183bis juncto 211, §1, lid 1 WIB 1992
- Statutes amendment, purpose expansion to include activities of B3 Constructions
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 82 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 77 days late
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 68 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
31-12
Financial
Equity above €200,000Eq €253,998 ▲57.9%
4 profitable years in a row build equity to €253,998.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
31-12
Financial
Equity above €150,000Eq €160,851 ▲18.9%
3 profitable years in a row build equity to €160,851.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Highest result since 2018net €102,095 ▲1,212%
Operating result €186,572, net result €102,095, both a record.
31-12
Financial
Equity above €100,000Eq €135,254 ▲308%
2 profitable years in a row build equity to €135,254.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Puurs-Sint-Amands · 1 establishment unit since 2016
Ground area
4,474 m²
Building footprint
988 m²
Volume, LiDAR
4,410 m³
Parcel 12034A0441/00A000, Flanders · tallest building 5.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
B2Holding
since 20162.260.517.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12034A0441/00A000 | Flanders | 4,474 m² | 1 · 988 m² | 5.5 m · 2 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
3 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
33.33%
-
33.33%
According to the 2024 annual accounts of B2Holding and those 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.
Acquisitions and mergers
1 transactionTook over:B3 Constructions
Capital and shareholders
Capital over the years
- 22-06-2026 Capital stated in the act · 18,600 EUR · 186 shares
Recognitions · licences · registrations
Legal Entity Identifier
254900OAEB996BJFBV30
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Of 231 companies in sector 46323 we hold annual accounts for 155. 116 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
Founded26-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46323Wholesale trade
03220Fishing and aquaculture
47230Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668455902
Also
9925:BE0668455902
Registered
08-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.