BE CENTRAL
ActiveSummary
BE CENTRAL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of -€278,355. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-14
Solvency88▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity short (current ratio 0.8 against 1.21 in 2024; short-term debt: 23.9% and cash: 11.9% of total assets), and 37.3% 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
62.7%
Return on assets
-6.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
1 d late
2023
29 d late
2022
11 d early
2021
33 d early
2020
8 d early
2019
19 d late
← 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 on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€278,355
2024 · €285,668
Working capital
-€205,424
2024 · €245,727
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€73,718▼ 8.5%€195,404▲ 165%€408,563▲ 109%€411,136▲ 0.6%-€210,076
Net result€55,482▼ 24.2%€174,380▲ 214%€315,345▲ 80.8%€285,668▼ 9.4%-€278,355
Equity€2.6m▲ 1.9%€2.7m▲ 1.8%€2.9m▲ 6.4%€3.0m▲ 5.7%€2.7m▼ 9.2%
Total assets€4.2m▲ 14.6%€5.3m▲ 24.5%€5.7m▲ 7.3%€5.3m▼ 6.1%€4.4m▼ 17.8%
Debt€1.6m▲ 44.5%€2.6m▲ 61.9%€2.8m▲ 8.1%€2.3m▼ 18.1%€1.6m▼ 29.1%
Working capital€922,522▲ 176%€1.5m▲ 58.8%€433,639▼ 70.4%€245,727▼ 43.3%-€205,424
Staff (FTE)1.2▼ 76.5%8▲ 567%10.6▲ 32.5%11▲ 3.8%9.8▼ 10.9%
Why a figure moved sharply
- 2023 Net result +81% on 2022. Cause not known from the registers.
- 2022 Net result +214%, Staff (FTE) +567% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €210,076 after €411,136 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€3.5m ▼ 9.2%
Current assets
€834,809 ▼ 41.4%
Equity and liabilities €4.4m
Equity
€2.7m ▼ 9.2%
Debt
€1.6m ▼ 29.1%
Debt's share of the balance-sheet total falls from 43.2% to 37.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€216,643▼
2024 · €835,485
Cash flow
€148,364▼
2024 · €710,017
Current ratio
0.80▼
2024 · 1.21
Debt to equity
0.59▼
2024 · 0.76
ROE
-10.2%▼
2024 · 9.5%
ROA
-6.4%▼
2024 · 5.4%
Interest coverage
6.18▼
2024 · 21.12
Debt ≤ 1 year
€1.0m▼
2024 · €1.2m
Debt > 1 year
€580,562▼
2024 · €867,755
Income taxes
€34,560▼
2024 · €85,963
Staff costs
€844,500▲
2024 · €701,772
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 3,440 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €1,342 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €246,329 | €358,181 | €583,139 | €701,772 | €844,500 | ▲ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €305,050 | €319,960 | €356,374 | €424,348 | €426,719 | ▲ 0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €14,562 | €0 | - | €24,540 | €27,310 | ▲ 11.3% |
| Other operating charges640/8 | €5,795 | €1,046 | €10,350 | €968 | €264,784 | ▲ 27,267% |
| Gross operating margin9900 | €645,454 | €874,592 | €1.4m | €1.6m | €1.4m | ▼ 13.4% |
| Operating profit (loss)9901 | €73,718 | €195,404 | €408,563 | €411,136 | -€210,076 | ▼ 151% |
| Financial income75/76B | €1 | €302 | €87 | €50 | €1,339 | ▲ 2,594% |
| Recurring financial income75 | €1 | €302 | €87 | €50 | €1,339 | ▲ 2,594% |
| Financial charges65/66B | €14,394 | €16,396 | €30,992 | €39,555 | €35,058 | ▼ 11.4% |
| Recurring financial charges65 | €14,394 | €16,396 | €30,992 | €39,555 | €35,058 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €59,324 | €179,309 | €377,658 | €371,631 | -€243,795 | ▼ 166% |
| Income taxes67/77 | €3,842 | €4,929 | €62,312 | €85,963 | €34,560 | ▼ 59.8% |
| Profit (loss) for the period9904 | €55,482 | €174,380 | €315,345 | €285,668 | -€278,355 | ▼ 197% |
| Profit (loss) for the period to be appropriated9905 | €55,482 | €174,380 | €315,345 | €285,668 | -€278,355 | ▼ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €5.3m | €5.7m | €5.3m | €4.4m | ▼ 17.8% |
| Formation expenses20 | €985 | €0 | €1,673 | €981 | €288 | ▼ 70.6% |
| Fixed assets21/28 | €2.7m | €2.9m | €3.7m | €3.9m | €3.5m | ▼ 9.2% |
| Intangible fixed assets21 | €35,410 | €28,620 | €18,353 | €13,060 | €6,872 | ▼ 47.4% |
| Tangible fixed assets22/27 | €2.7m | €2.8m | €3.7m | €3.9m | €3.5m | ▼ 9.0% |
| Furniture and vehicles24 | €100,058 | €101,356 | €162,529 | €140,718 | €99,800 | ▼ 29.1% |
| Leasing and similar rights25 | - | - | - | - | €418 | - |
| Other tangible fixed assets26 | €2.6m | €2.7m | €3.5m | €3.7m | €3.4m | ▼ 8.3% |
| Financial fixed assets28 | €4,000 | €0 | - | - | - | - |
| Current assets29/58 | €1.5m | €2.4m | €1.9m | €1.4m | €834,809 | ▼ 41.4% |
| Amounts receivable within one year40/41 | €285,338 | €1.3m | €367,919 | €344,759 | €312,879 | ▼ 9.2% |
| Trade receivables40 | €84,354 | €779,935 | €84,604 | €125,628 | €226,668 | ▲ 80.4% |
| Other amounts receivable41 | €200,985 | €528,005 | €283,315 | €219,131 | €86,212 | ▼ 60.7% |
| Current investments50/53 | - | - | €119 | €149,097 | €86 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €1.2m | €1.1m | €1.6m | €924,123 | €517,854 | ▼ 44.0% |
| Deferred charges and accrued income490/1 | €7,347 | €8,707 | €8,464 | €6,951 | €3,989 | ▼ 42.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €5.3m | €5.7m | €5.3m | €4.4m | ▼ 17.8% |
| Equity10/15 | €2.6m | €2.7m | €2.9m | €3.0m | €2.7m | ▼ 9.2% |
| Contributions10/11 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Capital10 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Issued capital100 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Outside capital11 | €35,834 | €35,834 | €35,834 | €35,834 | €35,834 | = |
| Share premium1100/10 | €35,834 | €35,834 | €35,834 | €35,834 | €35,834 | = |
| Profit (loss) carried forward14 | €45,767 | €92,587 | €264,603 | €425,738 | €147,384 | ▼ 65.4% |
| Amounts payable17/49 | €1.6m | €2.6m | €2.8m | €2.3m | €1.6m | ▼ 29.1% |
| Amounts payable after more than one year17 | €838,960 | €657,181 | €703,867 | €867,755 | €580,562 | ▼ 33.1% |
| Financial debts170/4 | €758,960 | €587,181 | €643,867 | €817,755 | €540,562 | ▼ 33.9% |
| Other amounts payable178/9 | €80,000 | €70,000 | €60,000 | €50,000 | €40,000 | ▼ 20.0% |
| Amounts payable within one year42/48 | €613,625 | €925,428 | €1.5m | €1.2m | €1.0m | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | €235,452 | €237,931 | €408,867 | €355,440 | €300,121 | ▼ 15.6% |
| Financial debts43 | €2,293 | €3,652 | €6,437 | €6,406 | €461 | ▼ 92.8% |
| Credit institutions430/8 | €2,293 | €3,652 | €6,437 | €6,406 | €461 | ▼ 92.8% |
| Trade debts44 | €183,807 | €242,542 | €616,627 | €273,789 | €236,798 | ▼ 13.5% |
| Suppliers440/4 | €183,807 | €242,542 | €616,627 | €273,789 | €236,798 | ▼ 13.5% |
| Taxes, remuneration and social security45 | €39,434 | €161,937 | €138,812 | €112,570 | €81,686 | ▼ 27.4% |
| Taxes450/3 | €8,924 | €113,072 | €45,139 | €24,421 | €52,036 | ▲ 113% |
| Remuneration and social security454/9 | €30,510 | €48,865 | €93,674 | €88,150 | €29,650 | ▼ 66.4% |
| Other amounts payable47/48 | €152,639 | €279,366 | €343,755 | €430,997 | €421,168 | ▼ 2.3% |
| Accrued charges and deferred income492/3 | €146,531 | €1.0m | €580,022 | €245,079 | €3,781 | ▼ 98.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,482 | €174,380 | €315,345 | €285,668 | -€278,355 | ▼ 197% |
| + Depreciation and write-downs630 | €305,050 | €319,960 | €356,374 | €424,348 | €426,719 | ▲ 0.6% |
| Operating cash flow (approximation) | €360,532 | €494,341 | €671,720 | €710,017 | €148,364 | ▼ 79.1% |
| Investment in fixed assets (approximation) | - | -€503,198 | -€1.2m | -€603,033 | -€71,717 | ▲ 88.1% |
| Change in cash | - | -€170,110 | €498,282 | -€647,511 | -€406,268 | ▲ 37.3% |
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
11-08
State Gazette act
Resignations: Laurent Hublet, BRUSTART BY FINANCE&INVEST.BRUSSELS and Bart BecksPermanent representative: Pierre Hermant · Appointments: Béatrice de Mahieu (director) and Robin Wauters (director) · Power of attorney12 facts ▸
State Gazette act
Resignations: Laurent Hublet, BRUSTART BY FINANCE&INVEST.BRUSSELS and Bart Becks
Permanent representative: Pierre Hermant · Appointments: Béatrice de Mahieu (director) and Robin Wauters (director) · Power of attorney12 facts ▸
- General meeting, 04-06-2026
- Director resignation, Laurent Hublet (director)
- Director resignation, BRUSTART BY FINANCE&INVEST.BRUSSELS (director)
- Permanent representative, Pierre Hermant (permanent representative)
- Director resignation, Bart Becks (director)
- Director appointment, Béatrice de Mahieu (director)
- Director appointment, Robin Wauters (director)
- Power of attorney, Luc Wynant
- Power of attorney, Laurent Detaille
- Power of attorney, Inès du Parc
- Power of attorney, Marie Laure Kashimba
- Power of attorney, Louise-Cécile Lauwers
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
24-03
State Gazette act
Resignation: Charlère CRESPEL (day-to-day manager)Appointment: MB Marketing (day-to-day manager) · Permanent representative: Muriel BERNARD · Power of attorney5 facts ▸
State Gazette act
Resignation: Charlère CRESPEL (day-to-day manager)
Appointment: MB Marketing (day-to-day manager) · Permanent representative: Muriel BERNARD · Power of attorney5 facts ▸
- Board meeting, 02/03/2026
- Director resignation, Charlère CRESPEL (day-to-day manager)
- Power of attorney, Charlère CRESPEL
- Director appointment, MB Marketing (day-to-day manager)
- Permanent representative, Muriel BERNARD
2025
31-12
Financial
Weakest financial yearnet -€278,355
Net result drops to -€278,355, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €315,345 ▲80.8%
Net result €315,345, the highest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Back to profitnet €9,059
Net result €9,059 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.4m ▲226%
Equity rises from €727,813 to €2.4m.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 2 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2026
Board 2
Béatrice de Mahieu
CurrentDirector · since 04-06-2026
Robin Wauters
CurrentDirector · since 04-06-2026
Day-to-day management 1
MB Marketing
CurrentDay-to-day manager · since 05-03-2026 · Private limited company · perm. rep.: Muriel BERNARD
Permanent representatives 1
Muriel BERNARD
CurrentPermanent representative · since 05-03-2026 · for MB Marketing
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
Ground area
4,348 m²
Building footprint
4,347 m²
Volume, LiDAR
76,992 m³
Parcel 21804D1049/00D002, Brussels · tallest building 26.2 m, ±7 floors. Linked by address, not a title deed.
59
companies at this address
See who is registered here
1 establishment unit
BE Central
since 20172.262.690.888
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1049/00D002 | Brussels | 4,348 m² | 1 · 4,347 m² | 26.2 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
7 people since 2025, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Béatrice de Mahieu |
|
| Robin Wauters |
|
| MB Marketing |
|
| BECKS Bart |
|
| BRUSTART BY FINANCE&INVEST.BRUSSELS |
|
| Laurent Hublet |
|
| Charlère CRESPEL |
|
Structure & network
Owners and holdings
3 ownersOwners 3
- 30.31%
- Sourceaccounts TALENCE 202514.63%
-
14.19%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
European Union, budget
2022 to 2025 · 6 entries · 430,192 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 3 | 208,440 EUR |
| 2023 | 1 | 77,161 EUR |
| 2022 | 2 | 144,591 EUR |
Projects
SUSTAIN.BRUSSELS - CREATING A LEVER FOR A FUTURE-PROOF AND SUSTAINABLE ECONOMY FOR BRUSSELS ENABLED BY AI AND OTHER EMERGING DIGITAL TECHNOLOGIES
DRIVING BRUSSELS' DIGITAL FUTURE WITH AI AND EMERGING TECHNOLOGIES
Recognitions · licences · registrations
Legal Entity Identifier
875500M4MHKZ7FYLVW73
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 3,933 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
68201Renting and operating of own or leased residential real estate, excluding social housing
62900Other information technology and computer services
70200Business and other management consultancy
73200Market research and public opinion polling
82300Organisation of conventions and trade shows
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670901290
Also
9925:BE0670901290
Registered
11-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.