Summary
Beaver Lakes is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €301.26M and a net result of €103.62M. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 2777 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
15 d early
2022
24 d early
2021
30 d late
2020
23 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Equity
€301.26M▲ 52.4%
2023 · €197.65M
2018: €143.64M
2019: €143.07M▼ -0.4% vs 2018lowest in 7 years
2020: €143.62M▲ +0.4% vs 2019
2021: €143.37M▼ -0.2% vs 2020
2022: €197.69M▲ +37.9% vs 2021
2023: €197.65M● -0.0% vs 2022
2024: €301.26M▲ +52.4% vs 2023highest in 7 years
2018 → 2024
Net result
€103.62M
2023 · €-44k
2018: €-647klowest in 7 years
2019: €-576k▲ +10.9% vs 2018
2020: €550k▲ +195% vs 2019
2021: €-244k▼ -144% vs 2020
2022: €-120k▲ +50.7% vs 2021
2023: €-44k▲ +63.6% vs 2022
2024: €103.62M▲ +236739% vs 2023highest in 7 years
2018 → 2024
Total assets
€320.51M▲ 53.0%
2023 · €209.52M
2018: €217.58M
2019: €219.69M▲ +1.0% vs 2018
2020: €217.38M▼ -1.1% vs 2019
2021: €218.38M▲ +0.5% vs 2020
2022: €210.89M▼ -3.4% vs 2021
2023: €209.52M▼ -0.6% vs 2022lowest in 7 years
2024: €320.51M▲ +53.0% vs 2023highest in 7 years
2018 → 2024
Solvency
94.0%▼ 0.3pp
2023 · 94.3%
2018: 66.0%
2019: 65.1%▼ -1.4% vs 2018lowest in 7 years
2020: 66.1%▲ +1.5% vs 2019
2021: 65.7%▼ -0.6% vs 2020
2022: 93.7%▲ +42.8% vs 2021
2023: 94.3%▲ +0.6% vs 2022highest in 7 years
2024: 94.0%▼ -0.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€25k-€55k▲ 120%
2020: €25k
2021: €55k▲ +120% vs 2020
Equity€143.62M-€143.37M▼ 0.2%€197.69M▲ 37.9%€197.65M=€301.26M▲ 52.4%
2020: €143.62M
2021: €143.37M▼ -0.2% vs 2020lowest in 5 years
2022: €197.69M▲ +37.9% vs 2021
2023: €197.65M● -0.0% vs 2022
2024: €301.26M▲ +52.4% vs 2023highest in 5 years
Operating result€15k-€-33k€-26k▲ 21.4%€21k€-10k
2020: €15k
2021: €-33k▼ -318% vs 2020lowest in 5 years
2022: €-26k▲ +21.4% vs 2021
2023: €21k▲ +181% vs 2022highest in 5 years
2024: €-10k▼ -146% vs 2023
Net result€550k-€-244k€-120k▲ 50.7%€-44k▲ 63.6%€103.62M
2020: €550k
2021: €-244k▼ -144% vs 2020lowest in 5 years
2022: €-120k▲ +50.7% vs 2021
2023: €-44k▲ +63.6% vs 2022
2024: €103.62M▲ +236739% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €10k after €21k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €320.51M
Fixed assets
€320.37M ▲ 55.2%
Current assets
€134k ▼ 95.7%
Equity and liabilities €320.51M
Equity
€301.26M ▲ 52.4%
Debt
€19.24M ▲ 62.0%
Debt's share of the balance-sheet total rises from 5.7% to 6.0%. Equity and debt are higher.
Key figures and ratios
ROE
34.4%▲
2023 · 0.0%
ROA
32.3%▲
2023 · 0.0%
Debt ≤ 1 year
€2.50M▲
2023 · €1.00M
Debt > 1 year
€16.74M▲
2023 · €10.88M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€209.52M€320.51M▲
Fixed assets21/28€206.41M€320.37M▲
Financial fixed assets28€206.41M€320.37M▲
Affiliated companies280/1€206.41M€320.37M▲
Participating interests280€206.41M€310.30M▲
Amounts receivable281-€10.07M
Current assets29/58€3.11M€134k▼
Amounts receivable after more than one year29€3.04M-
Other amounts receivable291€3.04M-
Amounts receivable within one year40/41€201€4k▲
Other amounts receivable41€201€4k▲
Cash at bank and in hand54/58€74k€130k▲
Deferred charges and accrued income490/1€895-
Equity and liabilities
Total equity and liabilities10/49€209.52M€320.51M▲
Equity10/15€197.65M€301.26M▲
Contributions10/11€192.53M€192.53M=
Capital10€192.53M€192.53M=
Issued capital100€192.53M€192.53M=
Reserves13€5.12M€108.74M▲
Non-distributable reserves130/1€27k€5.21M▲
Legal reserve130€27k€5.21M▲
Distributable reserves133€5.09M€103.53M▲
Profit (loss) carried forward14-€425
Amounts payable17/49€11.88M€19.24M▲
Amounts payable after more than one year17€10.88M€16.74M▲
Financial debts170/4€10.88M€16.74M▲
Subordinated loans170€10.88M€16.74M▲
Amounts payable within one year42/48€1.00M€2.50M▲
Current portion of amounts payable after more than one year42€1.00M€2.50M▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Income statement
Code20232024
Operating income70/76A€30k-
Non-recurring operating income76A€30k-
Operating charges60/66A€9k€10k▲
Services and other goods61€8k€8k▲
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€21k€-10k▼
Financial income75/76B€15k€222.54M▲
Recurring financial income75€15k€75k▲
Income from financial fixed assets750-€75k
Income from current assets751€15k-
Non-recurring financial income76B-€222.46M
Financial charges65/66B€79k€118.91M▲
Recurring financial charges65€79k€234k▲
Debt charges650€79k€233k▲
Other financial charges652/9€453€406▼
Non-recurring financial charges66B-€118.68M
Profit (loss) for the period before taxes9903€-44k€103.62M▲
Profit (loss) for the period9904€-44k€103.62M▲
Profit (loss) for the period to be appropriated9905€-44k€103.62M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€103.62M▲
Transfer from equity791/2€44k-
From reserves792€44k-
Transfer to equity691/2-€103.62M
To the legal reserve6920-€5.18M
To other reserves6921-€98.44M
The notes to these accounts (37 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €56k | - | €30k | - | - |
| Turnover70 | €25k | €55k | - | - | - | - |
| Other operating income74 | - | €1k | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €30k | - | - |
| Operating charges60/66A | - | €89k | €26k | €9k | €10k | ▲ 3.5% |
| Services and other goods61 | - | €85k | €24k | €8k | €8k | ▲ 3.9% |
| Other operating charges640/8 | - | €4k | €1k | €1k | €1k | ▲ 0.6% |
| Operating profit (loss)9901 | €15k | €-33k | €-26k | €21k | €-10k | ▼ 146% |
| Financial income75/76B | - | €77k | €64k | €15k | €222.54M | ▲ 1,496,359% |
| Recurring financial income75 | €24k | €77k | €64k | €15k | €75k | ▲ 406% |
| Income from financial fixed assets750 | - | - | - | - | €75k | - |
| Income from current assets751 | - | €77k | €64k | €15k | - | - |
| Non-recurring financial income76B | - | - | - | - | €222.46M | - |
| Financial charges65/66B | - | €289k | €158k | €79k | €118.91M | ▲ 149,544% |
| Recurring financial charges65 | €547k | €289k | €158k | €79k | €234k | ▲ 194% |
| Debt charges650 | €547k | €288k | €158k | €79k | €233k | ▲ 195% |
| Other financial charges652/9 | - | €1k | €212 | €453 | €406 | ▼ 10.4% |
| Non-recurring financial charges66B | - | - | - | - | €118.68M | - |
| Profit (loss) for the period before taxes9903 | €550k | €-244k | €-120k | €-44k | €103.62M | ▲ 236,739% |
| Profit (loss) for the period9904 | €550k | €-244k | €-120k | €-44k | €103.62M | ▲ 236,739% |
| Profit (loss) for the period to be appropriated9905 | €550k | €-244k | €-120k | €-44k | €103.62M | ▲ 236,739% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €217.38M | €218.38M | €210.89M | €209.52M | €320.51M | ▲ 53.0% |
| Fixed assets21/28 | €193.98M | €193.78M | €206.41M | €206.41M | €320.37M | ▲ 55.2% |
| Financial fixed assets28 | €193.98M | €193.78M | €206.41M | €206.41M | €320.37M | ▲ 55.2% |
| Affiliated companies280/1 | - | €193.78M | €206.41M | €206.41M | €320.37M | ▲ 55.2% |
| Participating interests280 | - | €193.78M | €206.41M | €206.41M | €310.30M | ▲ 50.3% |
| Amounts receivable281 | - | - | - | - | €10.07M | - |
| Current assets29/58 | €23.40M | €24.59M | €4.48M | €3.11M | €134k | ▼ 95.7% |
| Amounts receivable after more than one year29 | - | €24.40M | €3.99M | €3.04M | - | - |
| Other amounts receivable291 | - | €24.40M | €3.99M | €3.04M | - | - |
| Amounts receivable within one year40/41 | €26k | €57k | €463 | €201 | €4k | ▲ 2,134% |
| Trade receivables40 | - | €55k | €175 | - | - | - |
| Other amounts receivable41 | - | €2k | €288 | €201 | €4k | ▲ 2,134% |
| Cash at bank and in hand54/58 | €54k | €129k | €493k | €74k | €130k | ▲ 74.8% |
| Deferred charges and accrued income490/1 | - | €1k | - | €895 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €217.38M | €218.38M | €210.89M | €209.52M | €320.51M | ▲ 53.0% |
| Equity10/15 | €143.62M | €143.37M | €197.69M | €197.65M | €301.26M | ▲ 52.4% |
| Contributions10/11 | €138.09M | €138.09M | €192.53M | €192.53M | €192.53M | = |
| Capital10 | - | €138.09M | €192.53M | €192.53M | €192.53M | = |
| Issued capital100 | - | €138.09M | €192.53M | €192.53M | €192.53M | = |
| Reserves13 | €5.53M | €5.28M | €5.16M | €5.12M | €108.74M | ▲ 2,024% |
| Non-distributable reserves130/1 | - | €27k | €27k | €27k | €5.21M | ▲ 18,841% |
| Legal reserve130 | - | €27k | €27k | €27k | €5.21M | ▲ 18,841% |
| Distributable reserves133 | - | €5.26M | €5.14M | €5.09M | €103.53M | ▲ 1,933% |
| Profit (loss) carried forward14 | €973 | - | - | - | €425 | - |
| Amounts payable17/49 | €73.77M | €75.00M | €13.21M | €11.88M | €19.24M | ▲ 62.0% |
| Amounts payable after more than one year17 | €73.76M | €74.94M | €13.20M | €10.88M | €16.74M | ▲ 53.9% |
| Financial debts170/4 | - | €74.94M | €13.20M | €10.88M | €16.74M | ▲ 53.9% |
| Subordinated loans170 | - | €74.94M | €13.20M | €10.88M | €16.74M | ▲ 53.9% |
| Amounts payable within one year42/48 | €1k | €63k | €2k | €1.00M | €2.50M | ▲ 150% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.00M | €2.50M | ▲ 150% |
| Trade debts44 | €1k | €63k | €2k | €1k | €2k | ▲ 39.7% |
| Suppliers440/4 | - | €63k | €2k | €1k | €2k | ▲ 39.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €550k | €-244k | €-120k | €-44k | €103.62M | ▲ 236,739% |
| Operating cash flow (approximation) | €550k | €-244k | €-120k | €-44k | €103.62M | ▲ 236,739% |
| Investment in fixed assets (approximation) | - | €194k | €-12.63M | €0 | €-113.96M | - |
| Change in cash | - | €76k | €363k | €-418k | €56k | ▲ 113% |
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
2026
27-03
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Wim Van Gasse3 facts ▸
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Wim Van Gasse3 facts ▸
- General meeting, 8 oktober 2025
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Wim Van Gasse
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €103.62M
Net result €103.62M after 3 loss-making years.
31-12
Financial
Equity above €250MEq €301.26M ▲52.4%
Equity rises from €197.65M to €301.26M.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 6current ratio 2486.71
Current ratio from 387.45 to 2486.71; short-term debt falls from €63k to €2k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €550k
Net result €550k after 2 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 66current ratio 22756.34
Current ratio from 345.41 to 22756.34; short-term debt falls from €64k to €1k.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2015
Ground area
9.3 ha
Building footprint
328 m²
Volume, LiDAR
3,625 m³
Parcel 23084B0194/00G000, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Beaver Lakes
since 20152.247.693.304
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0194/00G000 | Flanders | 9.3 ha | 1 · 328 m² | 13.9 m · 4 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.
Statutory auditor
1 auditor| Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor · represented by Wim Van Gasse | 27-03-2026 → present |
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 880 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
Founded02-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.