BE.ST
ActiveSummary
BE.ST has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,221 and a net result of €9,403. Equity is growing by ~48% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-5
Solvency46▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.44 in 2024; short-term debt: 29.4% and cash: 10.2% of total assets), and 79% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
21%
Return on assets
5.8%
Age of the figures
9 mo
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 04-07-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
24 d early
2023
26 d early
2022
25 d early
2021
13 d early
2020
32 d early
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 20 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€34,221▲ 37.9%
2024 · €24,818
Total assets
€163,142▲ 2.8%
2024 · €158,636
Net result
€9,403▼ 40.9%
2024 · €15,916
Working capital
-€29,291▼ 26.5%
2024 · -€23,159
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€10,927▲ 16.6%€9,225▼ 15.6%€18,022▲ 95.4%€20,326▲ 12.8%€17,413▼ 14.3%
Net result€5,406▲ 50.7%€4,088▼ 24.4%€13,255▲ 224%€15,916▲ 20.1%€9,403▼ 40.9%
Equity-€8,442▲ 39.0%-€4,353▲ 48.4%€8,902€24,818▲ 179%€34,221▲ 37.9%
Total assets€180,381▼ 3.4%€168,283▼ 6.7%€165,497▼ 1.7%€158,636▼ 4.1%€163,142▲ 2.8%
Debt€188,823▼ 5.9%€172,637▼ 8.6%€156,595▼ 9.3%€133,818▼ 14.5%€128,921▼ 3.7%
Working capital-€47,263▲ 14.6%-€43,039▲ 8.9%-€33,184▲ 22.9%-€23,159▲ 30.2%-€29,291▼ 26.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163,142
Fixed assets
€144,416 ▲ 2.7%
Current assets
€18,726 ▲ 3.9%
Equity and liabilities €163,142
Equity
€34,221 ▲ 37.9%
Debt
€128,921 ▼ 3.7%
Debt's share of the balance-sheet total falls from 84.4% to 79.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,426▼
2024 · €25,722
Cash flow
€15,416▼
2024 · €21,312
Current ratio
0.39▼
2024 · 0.44
Debt to equity
3.77▼
2024 · 5.39
ROE
27.5%▼
2024 · 64.1%
ROA
5.8%▼
2024 · 10.0%
Interest coverage
6.07▲
2024 · 5.94
Debt ≤ 1 year
€48,016▲
2024 · €41,176
Debt > 1 year
€80,905▼
2024 · €92,642
Income taxes
€4,148▲
2024 · €82
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 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% | 1.7% |
| 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 75% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,701 | €10,577 | €7,456 | €5,396 | €6,013 | ▲ 11.4% |
| Other operating charges640/8 | €348 | €348 | €384 | €543 | €555 | ▲ 2.3% |
| Gross operating margin9900 | €23,976 | €20,149 | €25,863 | €26,265 | €23,981 | ▼ 8.7% |
| Operating profit (loss)9901 | €10,927 | €9,225 | €18,022 | €20,326 | €17,413 | ▼ 14.3% |
| Financial charges65/66B | €5,521 | €5,137 | €4,767 | €4,328 | €3,862 | ▼ 10.8% |
| Recurring financial charges65 | €5,521 | €5,137 | €4,767 | €4,328 | €3,862 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €5,406 | €4,088 | €13,255 | €15,998 | €13,551 | ▼ 15.3% |
| Income taxes67/77 | - | - | - | €82 | €4,148 | ▲ 4,972% |
| Profit (loss) for the period9904 | €5,406 | €4,088 | €13,255 | €15,916 | €9,403 | ▼ 40.9% |
| Profit (loss) for the period to be appropriated9905 | €5,406 | €4,088 | €13,255 | €15,916 | €9,403 | ▼ 40.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €180,381 | €168,283 | €165,497 | €158,636 | €163,142 | ▲ 2.8% |
| Fixed assets21/28 | €164,048 | €153,472 | €146,016 | €140,619 | €144,416 | ▲ 2.7% |
| Tangible fixed assets22/27 | €164,048 | €153,472 | €146,016 | €140,619 | €144,416 | ▲ 2.7% |
| Land and buildings22 | €164,048 | €153,472 | €146,016 | €140,619 | €142,796 | ▲ 1.5% |
| Furniture and vehicles24 | - | - | - | - | €1,620 | - |
| Current assets29/58 | €16,332 | €14,812 | €19,482 | €18,017 | €18,726 | ▲ 3.9% |
| Cash at bank and in hand54/58 | €15,572 | €13,998 | €18,581 | €15,948 | €16,574 | ▲ 3.9% |
| Deferred charges and accrued income490/1 | €760 | €814 | €901 | €2,069 | €2,152 | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €180,381 | €168,283 | €165,497 | €158,636 | €163,142 | ▲ 2.8% |
| Equity10/15 | -€8,442 | -€4,353 | €8,902 | €24,818 | €34,221 | ▲ 37.9% |
| Contributions10/11 | €24,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Reserves13 | - | - | - | €818 | €10,221 | ▲ 1,150% |
| Distributable reserves133 | - | - | - | €818 | €10,221 | ▲ 1,150% |
| Profit (loss) carried forward14 | -€32,442 | -€28,353 | -€15,098 | - | - | - |
| Amounts payable17/49 | €188,823 | €172,637 | €156,595 | €133,818 | €128,921 | ▼ 3.7% |
| Amounts payable after more than one year17 | €125,227 | €114,786 | €103,930 | €92,642 | €80,905 | ▼ 12.7% |
| Financial debts170/4 | €125,227 | €114,786 | €103,930 | €92,642 | €80,905 | ▼ 12.7% |
| Amounts payable within one year42/48 | €63,595 | €57,850 | €52,665 | €41,176 | €48,016 | ▲ 16.6% |
| Current portion of amounts payable after more than one year42 | €10,041 | €10,441 | €10,856 | €11,288 | €11,737 | ▲ 4.0% |
| Trade debts44 | €181 | €851 | €282 | €292 | - | - |
| Suppliers440/4 | €181 | €851 | €282 | €292 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €82 | €4,148 | ▲ 4,972% |
| Taxes450/3 | - | - | - | €82 | €4,148 | ▲ 4,972% |
| Other amounts payable47/48 | €53,373 | €46,558 | €41,527 | €29,514 | €32,131 | ▲ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,406 | €4,088 | €13,255 | €15,916 | €9,403 | ▼ 40.9% |
| + Depreciation and write-downs630 | €12,701 | €10,577 | €7,456 | €5,396 | €6,013 | ▲ 11.4% |
| Operating cash flow (approximation) | €18,107 | €14,665 | €20,711 | €21,312 | €15,416 | ▼ 27.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€9,810 | - |
| Change in cash | - | -€1,574 | €4,582 | -€2,633 | €626 | ▲ 124% |
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
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €15,916 ▲20.1%
Operating result €20,326, net result €15,916, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Back to profitnet €290
Net result €290 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Mons · 1 establishment unit since 2012
Ground area
161 m²
Building footprint
54 m²
Volume, LiDAR
454 m³
Parcel 53403E0005/00A002, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BE.ST
since 20122.206.162.060
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53403E0005/00A002 | Wallonia | 161 m² | 1 · 54 m² | 9.3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-2011
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841846964
Also
9925:BE0841846964
Registered
11-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.