BEAVER
ActiveSummary
BEAVER has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €225,843 and a net result of €1,489. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 27% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability44▲+15
Solvency48▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.3 in 2023; short-term debt: 66.6% and cash: 5.4% of total assets), and 76.8% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
12 d late
2022
123 d late
2021
121 d late
2020
110 d late
2019
94 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 89 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 oldest company in Machelen, Manufacturing sector
Equity
€225,843▲ 0.7%
2023 · €224,354
Total assets
€973,475▲ 5.8%
2023 · €920,302
Net result
€1,489▼ 74.0%
2023 · €5,732
Working capital
€174,063▼ 16.6%
2023 · €208,697
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€4,616▼ 29.7%€7,710▲ 67.0%€4,077▼ 47.1%€10,980▲ 169%€24,709▲ 125%
Net result-€1,089below the sector's middle half€1,103within the sector's middle half€211below the sector's middle half▼ 80.9%€5,732within the sector's middle half▲ 2,617%€1,489within the sector's middle half▼ 74.0%
Equity€217,308above the sector's middle half▼ 0.5%€218,411above the sector's middle half▲ 0.5%€218,622above the sector's middle half▲ 0.1%€224,354above the sector's middle half▲ 2.6%€225,843above the sector's middle half▲ 0.7%
Total assets€926,286above the sector's middle half▲ 2.9%€684,704above the sector's middle half▼ 26.1%€670,222above the sector's middle half▼ 2.1%€920,302above the sector's middle half▲ 37.3%€973,475above the sector's middle half▲ 5.8%
Debt€708,978▲ 4.0%€466,293▼ 34.2%€451,600▼ 3.2%€695,948▲ 54.1%€747,632▲ 7.4%
Working capital€199,320▼ 2.0%€195,578▼ 1.9%€198,812▲ 1.7%€208,697▲ 5.0%€174,063▼ 16.6%
Solvency23.5%within the sector's middle half▼ 0.8pp31.9%within the sector's middle half▲ 8.4pp32.6%within the sector's middle half▲ 0.7pp24.4%within the sector's middle half▼ 8.2pp23.2%within the sector's middle half▼ 1.2pp
Staff (FTE)4above the sector's middle half=4=4=4.3▲ 7.5%3.3▼ 23.3%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 125% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €973,475
Fixed assets
€151,258 ▲ 866%
Current assets
€822,217 ▼ 9.1%
Equity and liabilities €973,475
Equity
€225,843 ▲ 0.7%
Debt
€747,632 ▲ 7.4%
Debt's share of the balance-sheet total rises from 75.6% to 76.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47,508▲
2023 · €15,858
Cash flow
€24,288▲
2023 · €10,610
Current ratio
1.27▼
2023 · 1.30
Quick ratio
0.66▼
2023 · 0.68
Debt to equity
3.31▲
2023 · 3.10
ROE
0.7%▼
2023 · 2.6%
ROA
0.2%▼
2023 · 0.6%
Interest coverage
3.00▲
2023 · 1.20
Debt ≤ 1 year
€648,153▼
2023 · €695,948
Debt > 1 year
€99,091
Income taxes
€8,733▲
2023 · -€4,251
Staff costs
€150,857▼
2023 · €152,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% 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 497,662 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 3,980 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €121,863 | €47,089 | €152,890 | €150,857 | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,778 | €12,224 | €12,965 | €4,878 | €22,799 | ▲ 367% |
| Other operating charges640/8 | - | €5,817 | €5,283 | €6,818 | €7,396 | ▲ 8.5% |
| Gross operating margin9900 | €124,536 | €147,615 | €69,414 | €175,566 | €205,761 | ▲ 17.2% |
| Operating profit (loss)9901 | €4,616 | €7,710 | €4,077 | €10,980 | €24,709 | ▲ 125% |
| Financial income75/76B | - | €171 | €6,751 | €3,762 | €1,365 | ▼ 63.7% |
| Recurring financial income75 | €774 | €171 | €6,751 | €3,762 | €1,365 | ▼ 63.7% |
| Financial charges65/66B | - | €3,469 | €3,660 | €13,260 | €15,853 | ▲ 19.6% |
| Recurring financial charges65 | €4,666 | €3,469 | €3,660 | €13,260 | €15,853 | ▲ 19.6% |
| Profit (loss) for the period before taxes9903 | €724 | €4,413 | €7,167 | €1,482 | €10,222 | ▲ 590% |
| Income taxes67/77 | €1,812 | €3,310 | €6,956 | -€4,251 | €8,733 | ▲ 305% |
| Profit (loss) for the period9904 | -€1,089 | €1,103 | €211 | €5,732 | €1,489 | ▼ 74.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,089 | €1,103 | €211 | €5,732 | €1,489 | ▼ 74.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €926,286 | €684,704 | €670,222 | €920,302 | €973,475 | ▲ 5.8% |
| Fixed assets21/28 | €24,791 | €29,535 | €19,810 | €15,657 | €151,258 | ▲ 866% |
| Tangible fixed assets22/27 | €21,801 | €26,545 | €16,820 | €12,667 | €148,268 | ▲ 1,071% |
| Plant, machinery and equipment23 | - | €20,917 | €16,820 | €12,667 | €9,344 | ▼ 26.2% |
| Furniture and vehicles24 | - | €5,628 | - | - | - | - |
| Leasing and similar rights25 | - | - | - | - | €138,925 | - |
| Financial fixed assets28 | €2,990 | €2,990 | €2,990 | €2,990 | €2,990 | = |
| Current assets29/58 | €901,495 | €655,168 | €650,412 | €904,646 | €822,217 | ▼ 9.1% |
| Stocks and contracts in progress3 | €268,153 | €506,634 | €550,953 | €431,447 | €395,841 | ▼ 8.3% |
| Stocks30/36 | - | €262,984 | €266,792 | €256,000 | €249,350 | ▼ 2.6% |
| Contracts in progress37 | - | €243,649 | €284,161 | €175,447 | €146,491 | ▼ 16.5% |
| Amounts receivable within one year40/41 | €84,185 | €114,076 | €57,000 | €324,837 | €371,388 | ▲ 14.3% |
| Trade receivables40 | - | €5,000 | €5,000 | €208,070 | €293,234 | ▲ 40.9% |
| Other amounts receivable41 | - | €109,077 | €52,001 | €116,767 | €78,155 | ▼ 33.1% |
| Cash at bank and in hand54/58 | €80,848 | €32,223 | €37,215 | €129,656 | €52,960 | ▼ 59.2% |
| Deferred charges and accrued income490/1 | - | €2,235 | €5,244 | €18,706 | €2,028 | ▼ 89.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €926,286 | €684,704 | €670,222 | €920,302 | €973,475 | ▲ 5.8% |
| Equity10/15 | €217,308 | €218,411 | €218,622 | €224,354 | €225,843 | ▲ 0.7% |
| Contributions10/11 | €133,652 | €138,870 | €138,870 | €138,870 | €138,870 | = |
| Capital10 | - | €133,652 | €133,652 | €133,652 | €133,652 | = |
| Issued capital100 | - | €133,652 | €133,652 | €133,652 | €133,652 | = |
| Outside capital11 | - | €5,218 | €5,218 | €5,218 | €5,218 | = |
| Share premium1100/10 | - | €5,218 | €5,218 | €5,218 | €5,218 | = |
| Reserves13 | €19,617 | €19,617 | €19,617 | €19,617 | €19,617 | = |
| Non-distributable reserves130/1 | - | €13,386 | €13,386 | €13,386 | €13,386 | = |
| Legal reserve130 | - | €13,386 | €13,386 | €13,386 | €13,386 | = |
| Distributable reserves133 | - | €6,230 | €6,230 | €6,230 | €6,230 | = |
| Profit (loss) carried forward14 | €58,821 | €59,924 | €60,135 | €65,868 | €67,356 | ▲ 2.3% |
| Amounts payable17/49 | €708,978 | €466,293 | €451,600 | €695,948 | €747,632 | ▲ 7.4% |
| Amounts payable after more than one year17 | €6,803 | - | - | - | €99,091 | - |
| Financial debts170/4 | - | - | - | - | €99,091 | - |
| Amounts payable within one year42/48 | €702,175 | €459,590 | €451,600 | €695,948 | €648,153 | ▼ 6.9% |
| Current portion of amounts payable after more than one year42 | - | €76,803 | €126,714 | €155,000 | €216,331 | ▲ 39.6% |
| Trade debts44 | €203,832 | €81,564 | €31,204 | €239,502 | €120,395 | ▼ 49.7% |
| Suppliers440/4 | - | €81,564 | €31,204 | €239,502 | €120,395 | ▼ 49.7% |
| Taxes, remuneration and social security45 | - | €27,931 | €18,403 | €48,448 | €42,607 | ▼ 12.1% |
| Taxes450/3 | - | €7,976 | €9,266 | €1,375 | €23,463 | ▲ 1,606% |
| Remuneration and social security454/9 | - | €19,955 | €9,136 | €47,073 | €19,144 | ▼ 59.3% |
| Other amounts payable47/48 | - | €273,293 | €275,279 | €252,998 | €268,820 | ▲ 6.3% |
| Accrued charges and deferred income492/3 | - | €6,703 | - | - | €387 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,089 | €1,103 | €211 | €5,732 | €1,489 | ▼ 74.0% |
| + Depreciation and write-downs630 | €10,778 | €12,224 | €12,965 | €4,878 | €22,799 | ▲ 367% |
| Operating cash flow (approximation) | €9,689 | €13,328 | €13,176 | €10,610 | €24,288 | ▲ 129% |
| Investment in fixed assets (approximation) | - | -€16,968 | -€3,240 | -€725 | -€158,400 | ▼ 21,756% |
| Change in cash | - | -€48,626 | €4,992 | €92,441 | -€76,696 | ▼ 183% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Highest result since 2018net €5,732 ▲2,617%
Net result €5,732, the highest in the series.
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
2021
31-12
Financial
Back to profitnet €1,103
Net result €1,103 after one loss-making year.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 110 days late
2020
31-12
Financial
Weakest financial yearnet -€1,089
Net result drops to -€1,089, the lowest in the series; recovery starts the following year.
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 94 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 42 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 49 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Machelen (Brab.) · 1 establishment unit since 1979
Ground area
2,038 m²
Building footprint
678 m²
Volume, LiDAR
6,337 m³
Parcel 23015C0005/00B002, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Woluwelaan 8, 1831 Machelen (Brab.)
since 19792.016.834.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015C0005/00B002 | Flanders | 2,038 m² | 1 · 678 m² | 12.8 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.
Recognitions · licences · registrations
Recognised contractor
9 categoriesBEAVER NV15402
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Of 909 companies in sector 25120 we hold annual accounts for 678. 551 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
Founded29-06-1977
Fiscal year end31-12
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43240Other construction installation
43410Roofing work
46841Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417279944
Registered
01-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.