Equity
-€255,622
Debts exceed assets in financial year 2025.
BE Protect
Lifetime
1 annual account with figurespeak €118,205 (2025)
€118,205
lowest -€258,622 (2025)
-€258,622
peak -€255,622 (2025)
-€255,622
€1.3m
peak 4.2 FTE (2025)
4.2 FTE
Board4 names since 2024
3 directorsLIGTHART Aart Leendert and 2 others
Documentsfilings and deeds
24-09-202655 days late
2025abbreviated format
Loss of €258,622First year with figures
Key points
from the 2025 annual accountsDebts
€1.3m 124% of the balance sheet
Financial debts 34%Suppliers 44%Taxes and wages 2%Other 19%
€165,307 of the debts are secured on the company's own assets.
Position in the sector
-23.8%
Lower solvency than 95% of companies in fabricated metal products. Sector median 46.4% · 1,245 companies.
2025 accounts filed 55 days after the deadline
Checked score
45
Fair
Financially stronger than 6% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,709 companies (NACE 25, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 1.8%lowest value
02-2026: 1.8%● unchanged vs 01-2026lowest value
03-2026: 1.9%▲ +0.1 percentage points vs 02-2026
04-2026: 2.3%▲ +0.4 percentage points vs 03-2026
05-2026: 2.4%▲ +0.1 percentage points vs 04-2026
06-2026: 2.7%▲ +0.3 percentage points vs 05-2026
07-2026: 2.9%▲ +0.2 percentage points vs 06-2026
08-2026: 2.9%● unchanged vs 07-2026
09-2026: 2.9%● unchanged vs 08-2026
10-2026: 4.3%▲ +1.4 percentage points vs 09-2026highest value
11-2026: 4.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€255,622
Last filed accounts filed 55 days late; 1 of the last 3 accounts late
Loss of €258,622 (financial year 2025)
lowers risk
Founded in 2024
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 25, micro). It does better than 6% of them on solvency, 9% on liquidity and 4% on profitability.
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 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, 1,322 companies had the same profile as BE Protect has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
5.5%
stopped another way
4.2%
went bankrupt
That fits the bankruptcy probability of BE Protect itself: 4.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,322 companies, not a prediction for BE Protect. 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 credit on open account
Liquidity is insufficient, with a current ratio of 0.34, below 1. Short-term debt is 81.4% and cash 9.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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 · 1 filingDeviation from the deadline
2025
55 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
SW
Stultiens Walther
Director, since 18-12-2024
- Ligthart Groep 2,100 sharesdeed of 20-12-2024
- Onverwoestbaar 900 sharesdeed of 20-12-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017610370
Incorporation
Founding capital of €3,000, 3,000 shares · Founders: Ligthart Groep and Onverwoestbaar · Permanent representatives: LIGTHART Hilbert Cornelis Marius and LIGTHART Aart Leendert · published on 20-12-2024 · Gazette deed
First establishment
Nieuwstraat 127, Stekene
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BE Protect Stekene | €1.1m | €118,205 | -23.8% | 4.2 |
| DG Engineering Oosterzele | €0.6m | €297,081 | -2.1% | 3.2 |
| STRAAL-& LAKATELIER VAN ZELE Zele | €1.5m | €333,266 | 41.0% | 2.5 |
| Prestige Car Detailing Lommel | €0.7m | €125,802 | -11.5% | 1.5 |
| VAK EN DECO HEIST Halen | €1.3m | €152,066 | 15.2% | 1 |
| BELCOAT Wingene | €0.8m | €234,304 | 17.8% | 1.1 |
| COLOR MONKEY Geraardsbergen | €0.4m | €188,592 | 28.7% | 4.5 |
These companies have the same main activity as BE Protect: coating of metals (NACE 25510). They are comparable in size and age: total assets between €446,000 and €1.5m, founded between 2019 and 2024.
Official details
Source: KBO- Status
- Active since 18-12-2024Normal situation
- Activity
- Coating of metalsNACE 25510
- Joint committees
- 209White-collar workers in metal manufacturing
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.368.071.6889190 Stekene, since 18-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €300,000estimated
- €1.1m
- Employeeson 31-12-2025
- 4
- Filing
- Filed on 24-09-2026
Insights on BE Protect
The computed 12-month bankruptcy probability of BE Protect is 4.3% (elevated). The 2025 annual accounts show negative equity (-€255,622) and a net result of -€258,622.
Its solvency ranks better than 5% of 1,245 sector peers (NACE 25, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 BE Protect
- What is the company number of BE Protect?
- The company number of BE Protect is 1017.610.370. The VAT number is the same number with BE in front: BE 1017.610.370.
- Where is BE Protect based?
- The registered office is at Nieuwstraat 127, 9190 Stekene.Company details
- What does BE Protect do?
- According to the KBO register, the main activity is coating of metals (NACE 25510).
- What is the legal form of BE Protect?
- BE Protect is a private limited company (BV).
- When was BE Protect founded?
- BE Protect was founded on 18-12-2024.
- Is BE Protect still active?
- Yes, BE Protect is an active enterprise in the KBO register.
- How many employees does BE Protect have?
- BE Protect had an average of 4.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BE Protect fall under?
- In its 2025 annual accounts, BE Protect states joint committees 209 (White-collar workers in metal manufacturing) and 111 (Metal, mechanical and electrical engineering).
- What is the turnover of BE Protect?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €118,205 and 1,650 comparable companies of the same size. It probably lies between €180,000 and €560,000. It is a rough estimate.
- Is BE Protect profitable?
- In financial year 2025, BE Protect made a loss of €258,622.
- Where can I find the annual accounts of BE Protect?
- BE Protect filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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