Equity
€1.7m ▲ 17.4%
BDO ACCOUNTANTS & BELASTINGADVISEURS has made a profit without a break since 2018.
BDO ACCOUNTANTS & BELASTINGADVISEURS
Lifetime
18 annual accounts with figures on one time axis, 36 filings since 1990peak €56.9m (2025)
€56.9m▲ 7.2%
lowest -€77,674 (2017)
€2,849▼ 94.3%
peak €1.7m (2025)
€1.7m▲ 17.4%
€22.9m▲ 17.9%
peak 226.5 FTE (2025)
226.5 FTE▲ 5.0%
Board113 names since 2009all names
55 directorsTAXEO and 54 others
Owners4 names in the annual accounts
88.81%BDO BELGIUM
Documentsfilings and deeds
21-04-20269 days before the deadline
2025financial year
Result from €50,359 to €2,849Capital increase of €2,500 13-112 directors appointed, 2 resignations 01-07Merger: BDO ACCOUNTANTS & BELASTINGADVISEURS takes over BDO C… 28-05Merger proposal: BDO Accountants & Belastingadviseurs takes o… 02-04Equity from €1.5m to €1.7m
Key points
from the 2025 annual accountsDebts
€22.9m 92% of the balance sheet
Financial debts 1%Suppliers 39%Taxes and wages 18%Other 42%
Of this, €22.7m falls due within a year.
Filings
36 annual accounts since 1990
The last five annual accounts were filed 7 to 13 days before the end of the period.
At the same address
39 companies
Restructuring
2025
Merger with BDO Cynex. Merger on 28-05-2025.
Board
1 joined · 4 left
Board changed. Latest change 14-10-2026 · 52 in office.
Checked score
78
Excellent
Financially stronger than 25% of medium-sized companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 94 companies (NACE 69, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.5%▼ -0.2 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025lowest value
12-2025: 0.6%▲ +0.1 percentage points vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.5%▼ -0.2 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.01, cash €6,612, halved
Equity €1.7m (7.0% of total assets)
12 establishment units
lowers risk
Sector: Legal and accounting activities (NACE 69)
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 69, medium-sized). It does better than 21% of them on solvency, 3% on liquidity, 16% on profitability and 60% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 208 companies had the same profile as BDO ACCOUNTANTS & BELASTINGADVISEURS has now. Each dot is one company, two years later.
99.0%
were still trading
0.0%
stopped another way
0.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BDO ACCOUNTANTS & BELASTINGADVISEURS itself: 0.5% within 12 months.
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 208 companies, not a prediction for BDO ACCOUNTANTS & BELASTINGADVISEURS. 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
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.01 (1.0 in 2024), below the usual 1.5. Short-term debt is 90.6% and cash 0% of total assets. 93% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1057 sector peers (2025).
NBB · sector comparisonPosition among 1057 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
7 days early
2023
11 days early
2022
13 days early
2021
8 days early
2020
18 days early
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 21 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Board and ownership
and 47 others
- BDO BELGIUM 88.81%score 80equity €11.3m (2025) · 30-09-2025 annual accounts of BDO BELGIUM
Shares in 1 company, BDO Cynex Tax & Accounting
Board & ownershipRecent changes
Capital increase of €2,500
1 new share · Appointment: AMETHYST MANAGEMENT (class A director) · Resignation: AMETHYST MANAGEMENT (class A director) · General meeting of 30-09-2026 · Gazette deed
New establishment in Leuven
Kolonel Begaultlaan 1C
1 director resigning
T.A.O. consulting BV · Permanent representatives: Thibault Bernard, Wesley Clemens, Erwin Boumans and Karen Keuleers · Board meeting of 07-07-2026 · Gazette deed
1 statutory auditor appointed, 1 director resigning, 1 reappointment
Resignation: MINA BV · Permanent representatives: Michel Comblin, Sam Kwanten and Wesley Clemens · Reappointment: Moore Audit (statutory auditor) · General meeting of 25-03-2026 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BDO ACCOUNTANTS & BELASTINGADVISEURS Zaventem | €56.9m | 1.7% | 7.0% | 226.5 |
| KPMG Tax, Legal & Accountancy Zaventem | €79.7m | 2.4% | 19.2% | 333.6 |
| PKF BOFIDI Accountants & Advisers Ghent | €47.2m | 7.3% | 56.3% | 148.2 |
| VGD ACCOUNTANTS EN BELASTINGCONSULENTEN Wemmel | €58.2m | 11.3% | 0.9% | 311 |
| VANDELANOTTE Kortrijk | €55.6m | 10.0% | 26.0% | 291 |
| VAN HAVERMAET Hasselt | €24.7m | 5.4% | 39.8% | 137.5 |
| Ernst & Young Accountants Machelen (Brab.) | €24.1m | 5.4% | 18.7% | 121.6 |
Grey: the largest companies of the sector (legal and accounting (NACE 69)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BDO ACCOUNTANTS & BELASTINGADVISEURS: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €22m and €36m, founded between 1982 and 2005.
Official details
Source: KBO- Status
- Active since 18-09-1989Normal situation
- Registered office
- 40 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Certified accountants and tax accountantsNACE 69201
- Joint committee
- 336Liberal professions · annual accounts 30-09-2025
- Establishment units
- 2.143.818.6752600 Antwerp, since 01-10-1989
- 2.143.818.7749090 Merelbeke-Melle, since 01-10-1989and 10 others
- Financial year end
- 30 September
- Peppol
- Reachable since 08-12-2025
Annual accounts to 30-09-2025
- €25.0m▲ 18.3%
- Employeeson 30-09-2025
- 246▲ 2.5%
- Filing
- Filed on 21-04-2026, 9 days before the end of the filing period
Companies linked to BDO ACCOUNTANTS & BELASTINGADVISEURS
Parent and group
Insights on BDO ACCOUNTANTS & BELASTINGADVISEURS
BDO ACCOUNTANTS & BELASTINGADVISEURS has existed since 1989. The present size dates from 2021. Turnover rose that year from €18.1m to €38.4m and staff from 65.9 to 223.5 full-time equivalents. On 19 May 2021 BDO ACCOUNTANTS & BELASTINGADVISEURS absorbed BDO Experts Comptables - BDO Accountants in a merger.
Turnover has grown every year since.
BDO BELGIUM holds 88.81% of the shares. In December 2023, three directors stepped down. In November 2025, the Official Gazette published the appointment of R2S finance as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BDO ACCOUNTANTS & BELASTINGADVISEURS
- What is the company number of BDO ACCOUNTANTS & BELASTINGADVISEURS?
- The company number of BDO ACCOUNTANTS & BELASTINGADVISEURS is 0438.475.137. The VAT number is the same number with BE in front: BE 0438.475.137.
- Where is BDO ACCOUNTANTS & BELASTINGADVISEURS based?
- The registered office is at Da Vincilaan 9, 1930 Zaventem.Company details
- What does BDO ACCOUNTANTS & BELASTINGADVISEURS do?
- According to the KBO register, the main activity is certified accountants and tax accountants (NACE 69201).
- What is the legal form of BDO ACCOUNTANTS & BELASTINGADVISEURS?
- BDO ACCOUNTANTS & BELASTINGADVISEURS is a private limited company (BV).
- When was BDO ACCOUNTANTS & BELASTINGADVISEURS founded?
- BDO ACCOUNTANTS & BELASTINGADVISEURS was founded on 18-09-1989.
- Is BDO ACCOUNTANTS & BELASTINGADVISEURS still active?
- Yes, BDO ACCOUNTANTS & BELASTINGADVISEURS is an active enterprise in the KBO register.
- How many employees does BDO ACCOUNTANTS & BELASTINGADVISEURS have?
- BDO ACCOUNTANTS & BELASTINGADVISEURS had an average of 226.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BDO ACCOUNTANTS & BELASTINGADVISEURS fall under?
- In its 30-09-2025 annual accounts, BDO ACCOUNTANTS & BELASTINGADVISEURS states joint committee 336 (Liberal professions).
- What is the turnover of BDO ACCOUNTANTS & BELASTINGADVISEURS?
- The turnover of BDO ACCOUNTANTS & BELASTINGADVISEURS was €56.9m in financial year 2025, according to the filed annual accounts.
- Is BDO ACCOUNTANTS & BELASTINGADVISEURS profitable?
- In financial year 2025, BDO ACCOUNTANTS & BELASTINGADVISEURS made a profit of €2,849.
- Where can I find the annual accounts of BDO ACCOUNTANTS & BELASTINGADVISEURS?
- BDO ACCOUNTANTS & BELASTINGADVISEURS filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BDO ACCOUNTANTS & BELASTINGADVISEURS due?
- BDO ACCOUNTANTS & BELASTINGADVISEURS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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