Summary
BDE Concept is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €136,302 and a net result of €48,016. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 2413 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
57 d early
2024
34 d early
2023
27 d early
2022
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€136,302▼ 27.4%
2024 · €187,803
Net result
€48,016▼ 8.3%
2024 · €52,359
Total assets
€389,878▼ 2.3%
2024 · €399,180
Solvency
35.0%▼ 12.1pp
2024 · 47.0%
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
Line2022202320242025
Operating result€19,587-€26,922▲ 37.4%€74,591▲ 177%€68,566▼ 8.1%
Net result€41,908-€50,994▲ 21.7%€52,359▲ 2.7%€48,016▼ 8.3%
Equity€86,108-€136,302▲ 58.3%€187,803▲ 37.8%€136,302▼ 27.4%
Total assets€414,336-€423,183▲ 2.1%€399,180▼ 5.7%€389,878▼ 2.3%
Debt€328,228-€286,880▼ 12.6%€211,377▼ 26.3%€253,576▲ 20.0%
Working capital-€21,755--€7,564▲ 65.2%€1,710-€86,625
Solvency20.8%-32.2%▲ 11.4pp47.0%▲ 14.8pp35.0%▼ 12.1pp
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €389,878
Fixed assets
€352,586 ▼ 0.4%
Current assets
€37,292 ▼ 17.1%
Equity and liabilities €389,878
Equity
€136,302 ▼ 27.4%
Debt
€253,576 ▲ 20.0%
Debt's share of the balance-sheet total rises from 53.0% to 65.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
35.2%▲
2024 · 27.9%
ROA
12.3%▼
2024 · 13.1%
Debt ≤ 1 year
€123,917▲
2024 · €43,300
Debt > 1 year
€128,609▼
2024 · €167,027
Income taxes
€16,900▼
2024 · €18,012
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €933 | €0 | €581 | €1,583 | ▲ 173% |
| Other operating charges640/8 | €226 | €0 | €148 | €55 | ▼ 62.7% |
| Gross operating margin9900 | €20,746 | €26,922 | €75,320 | €70,204 | ▼ 6.8% |
| Operating profit (loss)9901 | €19,587 | €26,922 | €74,591 | €68,566 | ▼ 8.1% |
| Financial income75/76B | €40,000 | €40,000 | €4 | €0 | ▼ 100% |
| Recurring financial income75 | €40,000 | €40,000 | €4 | €0 | ▼ 100% |
| Financial charges65/66B | €11,061 | €5,119 | €4,223 | €3,649 | ▼ 13.6% |
| Recurring financial charges65 | €11,061 | €5,119 | €4,223 | €3,649 | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €48,527 | €61,803 | €70,372 | €64,916 | ▼ 7.8% |
| Income taxes67/77 | €6,618 | €10,809 | €18,012 | €16,900 | ▼ 6.2% |
| Profit (loss) for the period9904 | €41,908 | €50,994 | €52,359 | €48,016 | ▼ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €41,908 | €50,994 | €52,359 | €48,016 | ▼ 8.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €414,336 | €423,183 | €399,180 | €389,878 | ▼ 2.3% |
| Fixed assets21/28 | €375,000 | €375,000 | €354,169 | €352,586 | ▼ 0.4% |
| Tangible fixed assets22/27 | - | - | €4,169 | €2,586 | ▼ 38.0% |
| Plant, machinery and equipment23 | - | - | €1,645 | €995 | ▼ 39.5% |
| Furniture and vehicles24 | - | - | €2,525 | €1,591 | ▼ 37.0% |
| Financial fixed assets28 | €375,000 | €375,000 | €350,000 | €350,000 | = |
| Current assets29/58 | €39,336 | €48,183 | €45,011 | €37,292 | ▼ 17.1% |
| Amounts receivable within one year40/41 | €4,849 | €9,735 | €29,929 | €5,448 | ▼ 81.8% |
| Trade receivables40 | €4,840 | €9,680 | €4,840 | €4,840 | = |
| Other amounts receivable41 | €9 | €55 | €25,089 | €608 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €14,487 | €5,948 | €15,081 | €31,844 | ▲ 111% |
| Deferred charges and accrued income490/1 | €20,000 | €32,500 | €0 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €414,336 | €423,183 | €399,180 | €389,878 | ▼ 2.3% |
| Equity10/15 | €86,108 | €136,302 | €187,803 | €136,302 | ▼ 27.4% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Reserves13 | €41,108 | €91,302 | €142,803 | €91,302 | ▼ 36.1% |
| Distributable reserves133 | €41,108 | €91,302 | €142,803 | €91,302 | ▼ 36.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €328,228 | €286,880 | €211,377 | €253,576 | ▲ 20.0% |
| Amounts payable after more than one year17 | €267,136 | €229,867 | €167,027 | €128,609 | ▼ 23.0% |
| Financial debts170/4 | €192,136 | €154,867 | €117,027 | €78,609 | ▼ 32.8% |
| Other amounts payable178/9 | €75,000 | €75,000 | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €61,091 | €55,746 | €43,300 | €123,917 | ▲ 186% |
| Current portion of amounts payable after more than one year42 | €36,708 | €37,270 | €37,840 | €38,418 | ▲ 1.5% |
| Trade debts44 | €2,342 | €0 | €496 | €0 | ▼ 100% |
| Suppliers440/4 | €2,342 | €0 | €496 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €11,005 | €9,064 | €3,183 | €3,017 | ▼ 5.2% |
| Taxes450/3 | €11,005 | €9,064 | €3,183 | €3,017 | ▼ 5.2% |
| Other amounts payable47/48 | €11,037 | €9,413 | €1,781 | €82,482 | ▲ 4,530% |
| Accrued charges and deferred income492/3 | - | €1,267 | €1,050 | €1,050 | = |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,908 | €50,994 | €52,359 | €48,016 | ▼ 8.3% |
| + Depreciation and write-downs630 | €933 | €0 | €581 | €1,583 | ▲ 173% |
| Operating cash flow (approximation) | €42,841 | €50,994 | €52,940 | €49,599 | ▼ 6.3% |
| Investment in fixed assets (approximation) | - | €0 | €20,250 | €0 | ▼ 100% |
| Change in cash | - | -€8,540 | €9,134 | €16,763 | ▲ 83.5% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2022net €52,359 ▲2.7%
Operating result €74,591, net result €52,359, both a record.
31-12
Financial
Equity above €150,000Eq €187,803 ▲37.8%
3 profitable years in a row build equity to €187,803.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €100,000Eq €136,302 ▲58.3%
2 profitable years in a row build equity to €136,302.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Herve · 1 establishment unit since 2021
Ground area
510 m²
Building footprint
87 m²
Volume, LiDAR
747 m³
Parcel 63015B0167/00W000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BDE Concept
since 20212.325.133.253
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63015B0167/00W000 | Wallonia | 509 m² | 1 · 87 m² | 10.4 m · 3 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
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of BDE Concept 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,041 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
Founded03-12-2021
Fiscal year end31-12
Abbreviation FR
BDEC
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778258120
Also
9925:BE0778258120
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.