BD-Strategy
ActiveSummary
BD-Strategy has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €202,288 and a net result of €61,184. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▼-4
Solvency98▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 9.6 in 2023; short-term debt: 27.4% and cash: 4.7% of total assets), and 27.4% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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
19 d late
2023
13 d late
2022
17 d early
2021
18 d late
2020
37 d early
2019
59 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€202,288▲ 43.4%
2023 · €141,105
Total assets
€278,599▲ 77.5%
2023 · €156,961
Net result
€61,184▲ 17.0%
2023 · €52,293
Working capital
€130,235▼ 4.5%
2023 · €136,352
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€24,483▲ 991%€79,021▲ 223%€57,194▼ 27.6%€61,505▲ 7.5%€75,428▲ 22.6%
Net result€4,444within the sector's middle half€60,965above the sector's middle half▲ 1,272%€42,219above the sector's middle half▼ 30.7%€52,293above the sector's middle half▲ 23.9%€61,184above the sector's middle half▲ 17.0%
Equity€84,427within the sector's middle half▲ 5.6%€151,592within the sector's middle half▲ 79.6%€133,811within the sector's middle half▼ 11.7%€141,105within the sector's middle half▲ 5.5%€202,288above the sector's middle half▲ 43.4%
Total assets€105,285within the sector's middle half▼ 2.5%€165,745within the sector's middle half▲ 57.4%€147,344within the sector's middle half▼ 11.1%€156,961within the sector's middle half▲ 6.5%€278,599within the sector's middle half▲ 77.5%
Debt€20,858▼ 25.4%€14,153▼ 32.1%€13,532▼ 4.4%€15,857▲ 17.2%€76,311▲ 381%
Working capital€75,616▲ 17.0%€141,544▲ 87.2%€124,871▼ 11.8%€136,352▲ 9.2%€130,235▼ 4.5%
Solvency80.2%above the sector's middle half▲ 6.1pp91.5%above the sector's middle half▲ 11.3pp90.8%above the sector's middle half▼ 0.6pp89.9%above the sector's middle half▼ 0.9pp72.6%within the sector's middle half▼ 17.3pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 two years in a row; 2024 is 23% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €278,599
Fixed assets
€72,075 ▲ 1,416%
Current assets
€206,524 ▲ 35.7%
Equity and liabilities €278,599
Equity
€202,288 ▲ 43.4%
Debt
€76,311 ▲ 381%
Debt's share of the balance-sheet total rises from 10.1% to 27.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77,672▲
2023 · €65,980
Cash flow
€63,427▲
2023 · €56,768
Current ratio
2.71▼
2023 · 9.60
Debt to equity
0.38▲
2023 · 0.11
ROE
30.2%▼
2023 · 37.1%
ROA
22.0%▼
2023 · 33.3%
Interest coverage
61.22▼
2023 · 598.40
Debt ≤ 1 year
€76,289▲
2023 · €15,857
Income taxes
€22,652▲
2023 · €20,053
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% 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
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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 0.3% 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,407 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,792 | €3,465 | €4,184 | €4,475 | €2,244 | ▼ 49.9% |
| Other operating charges640/8 | - | €1,647 | €1,635 | €1,510 | €3,530 | ▲ 134% |
| Non-recurring operating charges66A | - | - | - | €1,240 | - | - |
| Gross operating margin9900 | €32,637 | €84,133 | €63,013 | €68,730 | €81,202 | ▲ 18.1% |
| Operating profit (loss)9901 | €24,483 | €79,021 | €57,194 | €61,505 | €75,428 | ▲ 22.6% |
| Financial income75/76B | - | €4,343 | €923 | €10,952 | €9,675 | ▼ 11.7% |
| Recurring financial income75 | €7,239 | €4,343 | €923 | €10,952 | €9,675 | ▼ 11.7% |
| Financial charges65/66B | - | €188 | €106 | €110 | €1,269 | ▲ 1,051% |
| Recurring financial charges65 | €19,467 | €188 | €106 | €110 | €1,269 | ▲ 1,051% |
| Profit (loss) for the period before taxes9903 | €12,255 | €83,177 | €58,011 | €72,346 | €83,835 | ▲ 15.9% |
| Income taxes67/77 | €7,811 | €22,212 | €15,792 | €20,053 | €22,652 | ▲ 13.0% |
| Profit (loss) for the period9904 | €4,444 | €60,965 | €42,219 | €52,293 | €61,184 | ▲ 17.0% |
| Profit (loss) for the period to be appropriated9905 | €4,444 | €60,965 | €42,219 | €52,293 | €61,184 | ▲ 17.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,285 | €165,745 | €147,344 | €156,961 | €278,599 | ▲ 77.5% |
| Fixed assets21/28 | €9,017 | €10,048 | €8,940 | €4,753 | €72,075 | ▲ 1,416% |
| Tangible fixed assets22/27 | €9,017 | €10,048 | €8,940 | €4,753 | €72,075 | ▲ 1,416% |
| Plant, machinery and equipment23 | - | €708 | €2,832 | €2,398 | €4,902 | ▲ 104% |
| Furniture and vehicles24 | - | €9,339 | €5,676 | €2,014 | €66,923 | ▲ 3,224% |
| Other tangible fixed assets26 | - | - | €432 | €341 | €250 | ▼ 26.6% |
| Current assets29/58 | €96,268 | €155,698 | €138,403 | €152,208 | €206,524 | ▲ 35.7% |
| Amounts receivable within one year40/41 | €10,406 | €15,410 | €15,323 | €12,623 | €97,772 | ▲ 675% |
| Trade receivables40 | - | €12,390 | €10,842 | €12,390 | €93,638 | ▲ 656% |
| Other amounts receivable41 | - | €3,019 | €4,481 | €233 | €4,134 | ▲ 1,677% |
| Current investments50/53 | €51,121 | €65,087 | €65,748 | €80,167 | €90,542 | ▲ 12.9% |
| Cash at bank and in hand54/58 | €31,849 | €69,173 | €52,576 | €53,651 | €13,153 | ▼ 75.5% |
| Deferred charges and accrued income490/1 | - | €6,028 | €4,756 | €5,767 | €5,057 | ▼ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,285 | €165,745 | €147,344 | €156,961 | €278,599 | ▲ 77.5% |
| Equity10/15 | €84,427 | €151,592 | €133,811 | €141,105 | €202,288 | ▲ 43.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72,027 | €132,992 | €115,211 | €122,505 | €183,688 | ▲ 49.9% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €131,132 | €115,211 | €122,505 | €183,688 | ▲ 49.9% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €20,858 | €14,153 | €13,532 | €15,857 | €76,311 | ▲ 381% |
| Amounts payable within one year42/48 | €20,652 | €14,153 | €13,532 | €15,857 | €76,289 | ▲ 381% |
| Trade debts44 | €2,189 | €4,222 | €3,890 | €4,047 | €65,095 | ▲ 1,508% |
| Suppliers440/4 | - | €4,222 | €3,890 | €4,047 | €65,095 | ▲ 1,508% |
| Taxes, remuneration and social security45 | - | €9,362 | €7,617 | €8,224 | €8,215 | ▼ 0.1% |
| Taxes450/3 | - | €7,544 | €5,798 | €8,224 | €8,215 | ▼ 0.1% |
| Remuneration and social security454/9 | - | €1,818 | €1,818 | - | - | - |
| Other amounts payable47/48 | - | €569 | €2,025 | €3,586 | €2,980 | ▼ 16.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €22 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,444 | €60,965 | €42,219 | €52,293 | €61,184 | ▲ 17.0% |
| + Depreciation and write-downs630 | €6,792 | €3,465 | €4,184 | €4,475 | €2,244 | ▼ 49.9% |
| Operating cash flow (approximation) | €11,235 | €64,430 | €46,403 | €56,768 | €63,427 | ▲ 11.7% |
| Investment in fixed assets (approximation) | - | -€4,495 | -€3,077 | -€288 | -€69,566 | ▼ 24,088% |
| Change in cash | - | €37,324 | -€16,597 | €1,075 | -€40,498 | ▼ 3,867% |
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
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2018net €61,184 ▲17%
Net result €61,184, the highest in the series.
31-12
Financial
Equity above €200,000Eq €202,288 ▲43.4%
5 profitable years in a row build equity to €202,288.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 11.00
Current ratio from 4.66 to 11.00; short-term debt falls from €20,652 to €14,153.
31-12
Financial
Equity above €150,000Eq €151,592 ▲79.6%
2 profitable years in a row build equity to €151,592.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,444
Net result €4,444 after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€3,463
Net result drops to -€3,463, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Destelbergen · 1 establishment unit since 2016
Ground area
1,060 m²
Building footprint
135 m²
Volume, LiDAR
659 m³
Parcel 44333G0274/00G000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BD-Strategy
since 20162.255.001.362
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44333G0274/00G000 | Flanders | 1,060 m² | 1 · 135 m² | 7.5 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900W4S84WHBP99O19
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,113 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
Founded14-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0659668690
Also
9925:BE0659668690
Registered
09-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.