BB4 - BE BEFORE
ActiveSummary
BB4 - BE BEFORE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,302 and a net result of €10,152. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 60% of 2067 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+7
Solvency81▼-19
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 3.8 in 2024; short-term debt: 43.5% and cash: 23.8% of total assets), and 43.5% of the assets are financed with debt.
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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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
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
56.5%
Return on assets
11.4%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 01-10-2025 was due by 01-05-2026 and was filed on 08-05-2026, 7 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 · 10 filingsDeviation from the deadline
2025
7 d late
2024
1 d early
2023
20 d early
2022
123 d late
2021
51 d early
2020
50 d early
2019
49 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 6 days before the deadline; the sector median for financial year 2024 is 16 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 01-10-2026 and is due by 01-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today01-10-2026 close01-05-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€50,302▼ 57.5%
2024 · €118,390
Total assets
€89,048▼ 39.3%
2024 · €146,649
Net result
€10,152▲ 27.7%
2024 · €7,951
Working capital
-€3,488
2024 · €79,237
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,097€12,278▼ 51.1%€9,058▼ 26.2%€11,356▲ 25.4%€16,514▲ 45.4%
Net result€12,966€5,780▼ 55.4%€2,519▼ 56.4%€7,951▲ 216%€10,152▲ 27.7%
Equity€113,940▲ 12.8%€119,720▲ 5.1%€122,239▲ 2.1%€118,390▼ 3.1%€50,302▼ 57.5%
Total assets€429,170▼ 13.1%€154,943▼ 63.9%€152,593▼ 1.5%€146,649▼ 3.9%€89,048▼ 39.3%
Debt€315,230▼ 19.7%€35,223▼ 88.8%€30,354▼ 13.8%€28,259▼ 6.9%€38,746▲ 37.1%
Working capital€169,872▼ 13.2%€101,555▼ 40.2%€117,255▲ 15.5%€79,237▼ 32.4%-€3,488
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets -64% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,048
Fixed assets
€53,790 ▲ 37.4%
Current assets
€35,258 ▼ 67.2%
Equity and liabilities €89,048
Equity
€50,302 ▼ 57.5%
Debt
€38,746 ▲ 37.1%
Debt's share of the balance-sheet total rises from 19.3% to 43.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28,665▲
2024 · €16,078
Cash flow
€22,303▲
2024 · €12,673
Current ratio
0.91▼
2024 · 3.80
Debt to equity
0.77▲
2024 · 0.24
ROE
20.2%▲
2024 · 6.7%
ROA
11.4%▲
2024 · 5.4%
Interest coverage
136.50▲
2024 · 30.34
Debt ≤ 1 year
€38,746▲
2024 · €28,259
Income taxes
€6,221▲
2024 · €3,154
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
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 bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 | €20,551 | €18,087 | €16,898 | €4,722 | €12,151 | ▲ 157% |
| Other operating charges640/8 | - | €1,899 | €1,452 | €1,144 | €1,427 | ▲ 24.7% |
| Gross operating margin9900 | €46,905 | €32,263 | €27,408 | €17,222 | €30,092 | ▲ 74.7% |
| Operating profit (loss)9901 | €25,097 | €12,278 | €9,058 | €11,356 | €16,514 | ▲ 45.4% |
| Financial income75/76B | - | €70 | €114 | €279 | €69 | ▼ 75.3% |
| Recurring financial income75 | €2,109 | €70 | €114 | €279 | €69 | ▼ 75.3% |
| Financial charges65/66B | - | €3,417 | €272 | €530 | €210 | ▼ 60.4% |
| Recurring financial charges65 | €9,322 | €3,417 | €272 | €530 | €210 | ▼ 60.4% |
| Profit (loss) for the period before taxes9903 | €17,884 | €8,930 | €8,900 | €11,105 | €16,373 | ▲ 47.4% |
| Income taxes67/77 | €4,918 | €3,150 | €6,381 | €3,154 | €6,221 | ▲ 97.2% |
| Profit (loss) for the period9904 | €12,966 | €5,780 | €2,519 | €7,951 | €10,152 | ▲ 27.7% |
| Profit (loss) for the period to be appropriated9905 | €12,966 | €5,780 | €2,519 | €7,951 | €10,152 | ▲ 27.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €429,170 | €154,943 | €152,593 | €146,649 | €89,048 | ▼ 39.3% |
| Fixed assets21/28 | €32,742 | €18,165 | €4,984 | €39,153 | €53,790 | ▲ 37.4% |
| Tangible fixed assets22/27 | €32,492 | €17,915 | €4,734 | €38,903 | €53,540 | ▲ 37.6% |
| Plant, machinery and equipment23 | - | €3,484 | €4,734 | €2,325 | €170 | ▼ 92.7% |
| Furniture and vehicles24 | - | €14,430 | - | €36,578 | €42,799 | ▲ 17.0% |
| Other tangible fixed assets26 | - | - | - | - | €10,571 | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €396,429 | €136,779 | €147,609 | €107,496 | €35,258 | ▼ 67.2% |
| Amounts receivable within one year40/41 | €247,507 | €8,509 | €22,113 | €2,194 | €10,549 | ▲ 381% |
| Trade receivables40 | - | €2,498 | €21,330 | €1,114 | €6,441 | ▲ 478% |
| Other amounts receivable41 | - | €6,011 | €783 | €1,080 | €4,108 | ▲ 280% |
| Cash at bank and in hand54/58 | €71,610 | €126,653 | €123,760 | €100,571 | €21,184 | ▼ 78.9% |
| Deferred charges and accrued income490/1 | - | €1,616 | €1,736 | €4,731 | €3,525 | ▼ 25.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €429,170 | €154,943 | €152,593 | €146,649 | €89,048 | ▼ 39.3% |
| Equity10/15 | €113,940 | €119,720 | €122,239 | €118,390 | €50,302 | ▼ 57.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €95,340 | €101,120 | €103,639 | €99,790 | €31,702 | ▼ 68.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €99,260 | €101,779 | €97,930 | €29,842 | ▼ 69.5% |
| Amounts payable17/49 | €315,230 | €35,223 | €30,354 | €28,259 | €38,746 | ▲ 37.1% |
| Amounts payable after more than one year17 | €85,429 | - | - | - | - | - |
| Amounts payable within one year42/48 | €226,556 | €35,223 | €30,354 | €28,259 | €38,746 | ▲ 37.1% |
| Current portion of amounts payable after more than one year42 | - | €12,429 | - | - | - | - |
| Trade debts44 | €5,254 | €5,194 | €9,297 | €16,482 | €19,193 | ▲ 16.4% |
| Suppliers440/4 | - | €5,194 | €9,297 | €16,482 | €19,193 | ▲ 16.4% |
| Taxes, remuneration and social security45 | - | €12,255 | €16,195 | €8,373 | €19,553 | ▲ 134% |
| Taxes450/3 | - | €12,255 | €13,652 | €8,373 | €19,553 | ▲ 134% |
| Remuneration and social security454/9 | - | - | €2,543 | - | - | - |
| Other amounts payable47/48 | - | €5,345 | €4,862 | €3,404 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,966 | €5,780 | €2,519 | €7,951 | €10,152 | ▲ 27.7% |
| + Depreciation and write-downs630 | €20,551 | €18,087 | €16,898 | €4,722 | €12,151 | ▲ 157% |
| Operating cash flow (approximation) | €33,517 | €23,866 | €19,417 | €12,673 | €22,303 | ▲ 76.0% |
| Investment in fixed assets (approximation) | - | -€3,510 | -€3,717 | -€38,891 | -€26,788 | ▲ 31.1% |
| Change in cash | - | €55,043 | -€2,893 | -€23,189 | -€79,387 | ▼ 242% |
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
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
01-10
Financial
Liquidity doublescurrent ratio 3.88
Current ratio from 1.75 to 3.88; short-term debt falls from €226,556 to €35,223.
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-10
Financial
Back to profitnet €12,966
Net result €12,966 after one loss-making year.
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-10
Financial
Weakest financial yearnet -€9,526
Net result drops to -€9,526, the lowest in the series; recovery starts the following year.
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-10
Financial
Highest result since 2018net €78,240 ▲556%
Operating result €122,210, net result €78,240, both a record.
01-10
Financial
Liquidity doublescurrent ratio 3.50
Current ratio from 1.55 to 3.50.
Show earlier events
01-10
Financial
Equity above €100,000Eq €110,500 ▲38.9%
2 profitable years in a row build equity to €110,500.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2002
Ground area
2,206 m²
Building footprint
361 m²
Volume, LiDAR
1,983 m³
Parcel 21614H0055/02P029, Brussels · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BB4
since 20022.115.097.470
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0055/02P029 | Brussels | 2,206 m² | 1 · 361 m² | 8.8 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.
Similar companies · same sector, comparable size
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SKIN CARE INSTITUT
BE 0568.521.156
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FRANCIS LALEMAN
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Antwerpen · Eq €50,706
Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 1,018 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)
Founded19-09-2002
Fiscal year end01-10
Activities, NACEBEL 2025
85599Other education
90312Arts creation and performing arts activities
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478364111
Also
9925:BE0478364111
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.