Investments
€2,607 2.6 × depreciation
Green is investment, beige is depreciation.
BCO-3
Overview
Lifetime
2 annual accounts with figures on one time axisGross marginpeak €29,846 (2024)
-€11,136▼ €40,983
Resultlowest -€12,331 (2025)
-€12,331▼ €35,766
Equitypeak €25,435 (2024)
€13,103▼ 48.5%
Debts
€8,570▼ 21.7%
Board1 name since 2023
1 directorBENOIS Olivier Yves Michel
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €29,846 to -€11,136Loss of €12,331Equity from €25,435 to €13,103Debts from €10,939 to €8,570Investments €2,607Cash from €6,592 to €4
Key points
from the 2025 annual accountsLiquidity
2.18 was 3.20 in 2024
Short-term debts fell from €10,939 to €8,570.
Position in the sector
-€12,331
Lower net result than 90% of companies in building services and landscaping. Sector median €9,343 · 5,708 companies.
2025 accounts filed 28 days after the deadlineTurnover not published (micro format)
Checked score
34
Weak
Financially stronger than 27% of micro companies in building services and landscaping (NACE 81)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 7,709 companies (NACE 81, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 3.3%
02-2025: 3.3%● unchanged vs 01-2025
03-2025: 3.3%● unchanged vs 02-2025
04-2025: 4.0%▲ +0.7 percentage points vs 03-2025
05-2025: 4.2%▲ +0.2 percentage points vs 04-2025
06-2025: 4.6%▲ +0.4 percentage points vs 05-2025
07-2025: 4.6%● unchanged vs 06-2025
08-2025: 5.1%▲ +0.5 percentage points vs 07-2025
09-2025: 5.2%▲ +0.1 percentage points vs 08-2025
10-2025: 3.0%▼ -2.2 percentage points vs 09-2025
11-2025: 3.0%● unchanged vs 10-2025lowest value
12-2025: 3.2%▲ +0.2 percentage points vs 11-2025
01-2026: 3.1%▼ -0.1 percentage points vs 12-2025
02-2026: 3.1%● unchanged vs 01-2026
03-2026: 3.2%▲ +0.1 percentage points vs 02-2026
04-2026: 3.2%● unchanged vs 03-2026
05-2026: 3.2%● unchanged vs 04-2026
06-2026: 3.2%● unchanged vs 05-2026
07-2026: 3.3%▲ +0.1 percentage points vs 06-2026
08-2026: 4.0%▲ +0.7 percentage points vs 07-2026
09-2026: 6.6%▲ +2.6 percentage points vs 08-2026highest value
10-2026: 6.6%● unchanged vs 09-2026highest value
11-2026: 6.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
No registered site in the KBO
Liquidity: current ratio 2.18, cash €4, halved
Founded in 2023
Last filed accounts filed 28 days late; 1 of the last 3 accounts late
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro). It does better than 71% of them on solvency, 22% on liquidity, 4% on profitability and 10% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as BCO-3 has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BCO-3 itself is higher: 6.6% within 12 months. It rests on far more data about BCO-3 than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for BCO-3. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.18 (3.2 in 2024), above the usual 1.5. Short-term debt is 39.5% and cash 0% of total assets. 39.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
28 days late
2024
54 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 41 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003959205
Incorporation
Founding capital of €2,000, 100 shares · Founder: BENOIS Olivier Yves Michel · Appointment: BENOIS Olivier Yves Michel (director) · published on 29-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| BCO-3 Beersel | €21,673 | -€11,136 | 60.5% | - |
| THB Paving Wavre | €18,201 | -€24,547 | -148.5% | - |
| KNOEST Lievegem | €26,026 | -€15,752 | -81.3% | - |
| DNS Chaumont-Gistoux | €17,342 | -€236 | -9.9% | - |
| MSPJ Sambreville | €24,204 | -€1,352 | -8.8% | - |
| DM GARDEN Eghezée | €28,646 | €351 | -39.6% | - |
| LA CLAIRIERE Cerfontaine | €21,716 | -€11,369 | -291.9% | - |
These companies have the same main activity as BCO-3: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €17,300 and €28,600, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 27-12-2023Normal situation
- Activity
- Landscape service activitiesNACE 81300and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Annual accounts 2025
- Gross margin
- -€11,136
- Loss
- €12,331
- Equity
- €13,103▼ 48.5%
- Total assets
- €21,673▼ 40.4%
- Filing
- Filed on 28-08-2026
Insights on BCO-3
The computed 12-month bankruptcy probability of BCO-3 is 6.6% (elevated). The annual accounts of BCO-3 for financial year 2025 show a net loss of 57% of total assets.
The 2025 annual accounts show equity of €13,103 and a net result of -€12,331. Its solvency ranks better than 72% of 5,712 sector peers (NACE 81, financial year 2025).
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days lateGross margin
-€11,136
▼ €40,983
Operating result
-€12,126
▼ €41,651
Loss
-€12,331
▼ €35,766
Working capital
€10,099
▼ 58.0%
Solvency
60.5%
▼ 9.5 percentage points
Current ratio
2.18
▼ 1.02
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €21,673 on 31-12-2025What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Position in the sector
Solvency60.5%
Higher than 72% of 5,712 companies in 2025.
Current ratio2.18
Higher than 67% of 5,573 companies in 2025.
Return on assets-56.9%
Lower than 95% of 5,599 companies in 2025.
BCO-3
Middle half of the sector
80% of the sector
Micro accounts in building services and landscaping (NACE 81)
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
21,673 | 36,374 | |
Fixed assets21/28 |
3,004 | 1,386 | |
Tangible fixed assets22/27 |
3,004 | 1,386 | |
Plant, machinery and equipment23 |
1,137 | 1,386 | |
Furniture and vehicles24 |
1,867 | - | |
Current assets29/58 |
18,670 | 34,987 | |
Amounts receivable within one year40/41 |
18,665 | 28,396 | |
Trade receivables40 |
9,406 | - | |
Other amounts receivable41 |
9,259 | 28,396 | |
Cash at bank and in hand54/58 |
4 | 6,592 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
21,673 | 36,374 | |
Equity10/15 |
13,103 | 25,435 | |
Contributions10/11 |
2,000 | 2,000 | |
Profit (loss) carried forward14 |
11,103 | 23,435 | |
Amounts payable17/49 |
8,570 | 10,939 | |
Amounts payable within one year42/48 |
8,570 | 10,939 | |
Trade debts44 |
939 | 3,194 | |
Suppliers440/4 |
939 | 3,194 | |
Taxes, remuneration and social security45 |
7,632 | 7,745 | |
Taxes450/3 |
7,632 | 7,745 | |
| Income statement | |||
Gross operating margin9900 |
-11,136 | 29,846 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
990 | 321 | |
Operating profit (loss)9901 |
-12,126 | 29,525 | |
Financial charges65/66B |
205 | - | |
Recurring financial charges65 |
205 | - | |
Profit (loss) for the period before taxes9903 |
-12,331 | 29,525 | |
Income taxes67/77 |
- | 6,091 | |
Profit (loss) for the period9904 |
-12,331 | 23,435 | |
Profit (loss) for the period to be appropriated9905 |
-12,331 | 23,435 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
11,103 | 23,435 | |
Profit (loss) brought forward from the previous period14P |
23,435 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00476908.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| EBITDA | -11,136 | 29,846 | |
| Cash flow | -11,342 | 23,756 | |
| Investment in fixed assets | 2,607 | 1,707 | |
| Change in cash | -6,587 | - | |
| Working capital | 10,099 | 24,048 | |
| Solvency | 60.5% | 69.9% | |
| Current ratio | 2.18 | 3.20 | |
| Debt to equity | 0.65 | 0.43 | |
| ROE | -94.1% | 92.1% | |
| ROA | -56.9% | 64.4% | |
| Interest coverage | -54.24 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €2,607 | €1,707 |
| Depreciation and write-downs of the year | €990 | €321 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on BCO-3
The operating result for 2025 is a loss of €12,126, after a profit of €29,525 in 2024.
Debt's share of the balance-sheet total rises from 30.1% to 39.5%. Equity and debt are lower.
Board & ownership
Board
1 director, since incorporationDirector
since 27-12-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 28-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 29-12-2023
Mandates through the years
1 name, the dashed line is todayBENOIS Olivier Yves Michel
Director
Director
Board
Mandates as a list
- BENOIS Olivier Yves Michel
- Director, from 27-12-2023 to date
Control
Founder
BENOIS Olivier Yves Michel
This company
BCO-3
Equity €13,103
Loss €12,331 in 2025
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €131 in 2025
- Source
- deed of 29-12-2023
Articles of association
deed of 29-12-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid verworven aantal, geen beroep op rechter”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Monday of June at 18:00
Shareholders
At incorporation
deed of 29-12-2023 ↗
- BENOIS Olivier Yves Michel 100 shares (100%) · €2,000 in cash
Network & group
No group
BCO-3 has no parent and no holdings in its annual accounts. BENOIS Olivier Yves Michel is the only director. BCO-3 shares no director with another company.
At the same address
Steenweg op Ukkel 66, 1650 Beersel · 1 other company| Benois, Olivier (sole trader)
establishment since 03-06-2020 |
founded in 2020 0748.498.619 |
Timeline
Timeline
4 events since 2023Filings
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1003959205
Annual accounts 2024 filed PDFmicro format · 54 days late
2023
IncorporationFounding capital of €2,000, 100 shares · Founder: BENOIS Olivier Yves Michel · Appointment: BENOIS Olivier Yves Michel (director) · published on 29-12-20236 points ▸
- Founder, BENOIS Olivier Yves Michel
- Founding capital, €2,000, 100 shares
- 100 shares
- Registered office clause, Steenweg op Ukkel 66, 1650 Beersel
- Board rule, 1
- Director appointment, BENOIS Olivier Yves Michel
- The deed holds 7 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1003.959.205
- VAT number
- BE 1003.959.205
- Peppol ID
- 0208:1003959205
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 27-12-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Monday of June at 18:00deed of 29-12-2023 (in Dutch)
- Peppol
- Reachable since 30-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BCO-3 in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 29-12-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- BCO-3deed of 29-12-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 29-12-2023 (in Dutch)
Activities
NACEBEL 202581300
Landscape service activities main activity
43120
Site preparation
Codes under NACEBEL 2008
81300
Landscape service activities main activity
43120
Site preparation
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Bosbeheer en onderhoud (verkoop van staande of gekapte bomen, verkoop van boomstammen, expertise, planten, snoeien, kappen, enz.); Het…”deed of 29-12-2023 (in Dutch)
15 activities
- Bosbeheer en onderhoud (verkoop van staande of gekapte bomen, verkoop van boomstammen, expertise, planten, snoeien, kappen, enz.)
- Het aanleggen en onderhouden van parken en tuinen
- Tuinbouw
- Land-, tuin- en bosbouwactiviteiten
- De verkoop van land-, tuin- en bosbouwproducten en machines
- A) alle onroerende goederen, gebouwd of te bouwen, zowel in België als in het buitenland, evenals alle onroerende rechten met betrekking tot dergelijke goederen (inclusief erfpacht- of oppervlakterechten)
- B) alle financiële beleggingen, zowel in effecten met vaste lijfrente als in aandelen, uitgegeven door Belgische of buitenlandse vennootschappen
- C) De vennootschap mag uitsluitend voor eigen rekening roerende of onroerende goederen, materialen en installaties weggeven of verhuren, oprichten, vervreemden of ruilen, en in het algemeen alle commerciële, industriële of financiële verrichtingen ondernemen die direct of indirect verband houden met haar maatschappelijk doel met de uitsluiting van de activiteit van makelaars in onroerend goed, tenzij het leidinggevend orgaan toegang heeft tot het beroep of de uitoefening ervan zou kunnen vergemakkelijken, met inbegrip van onderaanneming in het algemeen en de exploitatie van alle intellectuele, industriële en commerciële eigendomsrechten die daarmee verband houden.
- Zij kan als belegging alle roerende en onroerende goederen verwerven, zelfs zonder direct of indirect verband met het maatschappelijk doel van de vennootschap.
- Zij kan alle verrichtingen uitvoeren, zowel commerciële, industriële, financiële, burgerlijke, roerende als onroerende, die rechtstreeks of onrechtstreeks verband houden met haar maatschappelijk doel of die de verwezenlijking of de ontwikkeling ervan kunnen bevorderen.
- De vennootschap heeft tot doel in België en in het buitenland, rechtstreeks of onrechtstreeks, voor eigen rekening of voor rekening van derden, alle commerciële of administratieve verrichtingen uit te voeren.
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken.
- Zij kan belangen nemen door associatie, inbreng, fusie, financiële tussenkomst of op gelijk welke andere wijze, in alle vennootschappen, verenigingen of ondernemingen met een identiek, gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen.
- De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren, in de meest ruime zin.
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
Registered office and establishments
| Steenweg op Ukkel 66 registered office 1650 Beersel |
Buildings and parcels at the address
- Ground area
- 488 m²
- Buildings
- 110 m²
- Volume, LiDAR
- 677 m³
- Tallest building
- 11.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23003A0339/00T000 | 488 m² | 1 · 110 m² | 10.9 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1003.959.205