b32.be
ActiveSummary
b32.be has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,070 and a net result of €51,616. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency82▲+14
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.49 in 2024; short-term debt: 34.4% and cash: 11.3% of total assets), and 42.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
57.4%
Return on assets
37%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
3 d late
2024
28 d early
2023
42 d early
2022
41 d early
2021
46 d early
2020
93 d early
2019
143 d early
← 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 56 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 21 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€80,070▲ 181%
2024 · €28,453
Total assets
€139,468▲ 113%
2024 · €65,534
Net result
€51,616▲ 39.9%
2024 · €36,906
Working capital
€59,976▲ 231%
2024 · €18,095
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
Line20212022202320242025
Operating result€17,153▲ 67.0%€2,833▼ 83.5%€24,332▲ 759%€48,521▲ 99.4%€74,422▲ 53.4%
Net result€10,154within the sector's middle half-€5,476below the sector's middle half€15,931within the sector's middle half€36,906above the sector's middle half▲ 132%€51,616above the sector's middle half▲ 39.9%
Equity€32,529within the sector's middle half▲ 101%€27,054within the sector's middle half▼ 16.8%€42,984within the sector's middle half▲ 58.9%€28,453within the sector's middle half▼ 33.8%€80,070within the sector's middle half▲ 181%
Total assets€39,790below the sector's middle half▲ 19.3%€45,986below the sector's middle half▲ 15.6%€66,399below the sector's middle half▲ 44.4%€65,534within the sector's middle half▼ 1.3%€139,468within the sector's middle half▲ 113%
Debt€7,260▼ 57.7%€18,932▲ 161%€23,414▲ 23.7%€37,080▲ 58.4%€59,398▲ 60.2%
Working capital€30,525within the sector's middle half▲ 136%€26,081within the sector's middle half▼ 14.6%€42,439within the sector's middle half▲ 62.7%€18,095within the sector's middle half▼ 57.4%€59,976within the sector's middle half▲ 231%
Solvency81.8%above the sector's middle half▲ 33.2pp58.8%within the sector's middle half▼ 22.9pp64.7%within the sector's middle half▲ 5.9pp43.4%within the sector's middle half▼ 21.3pp57.4%within the sector's middle half▲ 14.0pp
Current ratio5.20above the sector's middle half▲ 3.452.38within the sector's middle half▼ 2.832.81within the sector's middle half▲ 0.431.49within the sector's middle half▼ 1.322.25within the sector's middle half▲ 0.76
Return on assets (ROA)25.5%above the sector's middle half▲ 29.7pp-11.9%below the sector's middle half▼ 37.4pp24.0%above the sector's middle half▲ 35.9pp56.3%above the sector's middle half▲ 32.3pp37.0%above the sector's middle half▼ 19.3pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,468
Fixed assets
€31,572 ▲ 205%
Current assets
€107,897 ▲ 95.6%
Equity and liabilities €139,468
Equity
€80,070 ▲ 181%
Debt
€59,398 ▲ 60.2%
Debt's share of the balance-sheet total falls from 56.6% to 42.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80,135▲
2024 · €50,091
Cash flow
€57,330▲
2024 · €38,476
Debt to equity
0.74▼
2024 · 1.30
ROE
64.5%▼
2024 · 129.7%
Interest coverage
64.46▼
2024 · 209.86
Debt ≤ 1 year
€47,921▲
2024 · €37,080
Debt > 1 year
€11,478
Income taxes
€21,583▲
2024 · €11,398
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 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% | 1.9% |
| 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 34,696 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 | €1,219 | €1,032 | €427 | €1,570 | €5,714 | ▲ 264% |
| Other operating charges640/8 | - | €688 | €1,231 | €507 | €735 | ▲ 44.9% |
| Gross operating margin9900 | €18,518 | €4,552 | €25,990 | €50,598 | €80,870 | ▲ 59.8% |
| Operating profit (loss)9901 | €17,153 | €2,833 | €24,332 | €48,521 | €74,422 | ▲ 53.4% |
| Financial income75/76B | - | - | - | €22 | €21 | ▼ 3.7% |
| Recurring financial income75 | €0 | - | - | €22 | €21 | ▼ 3.7% |
| Financial charges65/66B | - | €552 | €439 | €239 | €1,243 | ▲ 421% |
| Recurring financial charges65 | €717 | €552 | €439 | €239 | €1,243 | ▲ 421% |
| Profit (loss) for the period before taxes9903 | €16,437 | €2,281 | €23,894 | €48,304 | €73,199 | ▲ 51.5% |
| Income taxes67/77 | €6,282 | €7,757 | €7,963 | €11,398 | €21,583 | ▲ 89.4% |
| Profit (loss) for the period9904 | €10,154 | -€5,476 | €15,931 | €36,906 | €51,616 | ▲ 39.9% |
| Profit (loss) for the period to be appropriated9905 | €10,154 | -€5,476 | €15,931 | €36,906 | €51,616 | ▲ 39.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,790 | €45,986 | €66,399 | €65,534 | €139,468 | ▲ 113% |
| Fixed assets21/28 | €2,004 | €973 | €546 | €10,358 | €31,572 | ▲ 205% |
| Tangible fixed assets22/27 | €1,517 | €486 | €59 | €9,871 | €31,085 | ▲ 215% |
| Land and buildings22 | - | - | - | €717 | €7,049 | ▲ 884% |
| Furniture and vehicles24 | - | €486 | €59 | €556 | €17,409 | ▲ 3,029% |
| Other tangible fixed assets26 | - | €0 | - | €8,598 | €6,626 | ▼ 22.9% |
| Financial fixed assets28 | €487 | €487 | €487 | €487 | €487 | = |
| Current assets29/58 | €37,786 | €45,013 | €65,853 | €55,176 | €107,897 | ▲ 95.6% |
| Amounts receivable within one year40/41 | €33,984 | €45,013 | €49,987 | €48,801 | €92,141 | ▲ 88.8% |
| Trade receivables40 | - | €15,518 | €30,424 | €48,801 | €31,065 | ▼ 36.3% |
| Other amounts receivable41 | - | €29,495 | €19,563 | €0 | €61,076 | - |
| Cash at bank and in hand54/58 | €3,535 | €0 | €15,866 | €6,375 | €15,714 | ▲ 147% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | €42 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,790 | €45,986 | €66,399 | €65,534 | €139,468 | ▲ 113% |
| Equity10/15 | €32,529 | €27,054 | €42,984 | €28,453 | €80,070 | ▲ 181% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €13,929 | €8,454 | €24,384 | €9,853 | €61,470 | ▲ 524% |
| Amounts payable17/49 | €7,260 | €18,932 | €23,414 | €37,080 | €59,398 | ▲ 60.2% |
| Amounts payable after more than one year17 | - | - | - | - | €11,478 | - |
| Financial debts170/4 | - | - | - | - | €11,478 | - |
| Amounts payable within one year42/48 | €7,260 | €18,932 | €23,414 | €37,080 | €47,921 | ▲ 29.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,147 | - |
| Financial debts43 | - | €1,698 | €0 | - | - | - |
| Credit institutions430/8 | - | €1,698 | €0 | - | - | - |
| Trade debts44 | €3,993 | €7,568 | €6,418 | €11,034 | €15,608 | ▲ 41.5% |
| Suppliers440/4 | - | €7,568 | €6,418 | €11,034 | €15,608 | ▲ 41.5% |
| Taxes, remuneration and social security45 | - | €9,667 | €16,997 | €26,046 | €29,165 | ▲ 12.0% |
| Taxes450/3 | - | €9,667 | €16,997 | €26,046 | €29,165 | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,154 | -€5,476 | €15,931 | €36,906 | €51,616 | ▲ 39.9% |
| + Depreciation and write-downs630 | €1,219 | €1,032 | €427 | €1,570 | €5,714 | ▲ 264% |
| Operating cash flow (approximation) | €11,373 | -€4,444 | €16,358 | €38,476 | €57,330 | ▲ 49.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,383 | -€26,927 | ▼ 137% |
| Change in cash | - | -€3,535 | €15,866 | -€9,491 | €9,340 | ▲ 198% |
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
18-09
State Gazette act
Appointment: Maya Heinen (director)Power of attorney3 facts ▸
State Gazette act
Appointment: Maya Heinen (director)
Power of attorney3 facts ▸
- General meeting, 10-08-2026
- Director appointment, Maya Heinen (director)
- Power of attorney, SRL FidAcc
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
30-06
Financial
Highest result since 2019net €51,616 ▲39.9%
Operating result €74,422, net result €51,616, both a record.
03-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €15,931
Net result €15,931 after one loss-making year.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€5,476
Net result drops to -€5,476, the lowest in the series; recovery starts the following year.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €10,154
Net result €10,154 after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 5.20
Current ratio from 1.75 to 5.20; short-term debt falls from €17,167 to €7,260.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
23-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Maya Heinen
CurrentDirector · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Grez-Doiceau · 1 establishment unit since 2016
Ground area
1,394 m²
Building footprint
177 m²
Volume, LiDAR
913 m³
Parcel 25012B0015/00H003, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
b32.be
since 20162.253.605.453
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25012B0015/00H003 | Wallonia | 1,394 m² | 1 · 177 m² | 6.9 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Maya Heinen |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 2,120 companies in sector 46500 we hold annual accounts for 1,408. 989 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 (pre-2019)
Founded01-06-2016
Fiscal year end30-06
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47120Other non-specialised retail sale
47400Retail sale of information and communication equipment
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655842932
Also
9925:BE0655842932
Registered
22-07-2026
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.