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BECEDRE

Active
Private limited companyfounded 2023active for 3 yearsRue Dewiest François 56, 6040 Charleroi, BelgiumKBO/BCE: BE 0802.668.169

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 49 days after the deadline Filed on 18 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00530666.

Annual accounts 2025 filed on 18-09-2026 at the NBB all 2 filings

Turnover
≈ €64,000
Estimated: probably between €40,000 and €130,000
Total assets
€20,790▲ 21×
2024 · €1,002
Net result
€10,127
2024 · -€19,867
Working capital
€10,260▲ 77×
2024 · €133
Trend over the years

2024 to 2025, 2 financial years

The operating result for 2025 is a profit of €10,214, after a loss of €19,844 in 2024.

Operating result€10,214 2025 Net result€10,127 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets and working capital.

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€19,844-€10,214
Net result-€19,867below the sector's middle half-€10,127within the sector's middle half
Equity€133below the sector's middle half-€10,260below the sector's middle half▲ 77×
Total assets€1,002below the sector's middle half-€20,790below the sector's middle half▲ 21×
Debt€869-€10,530▲ 12×
Working capital€133within the sector's middle half-€10,260within the sector's middle half▲ 77×
Solvency49.4%within the sector's middle half
Current ratio1.97within the sector's middle half
Return on assets (ROA)48.7%above the sector's middle half
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €20,790
Equity €10,260 ▲ 77×
Debt €10,530 ▲ 12×
Debt's share of the balance-sheet total falls from 86.7% to 50.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
1.03
ROE
98.7%
Debt ≤ 1 year
€10,530▲
2024 · €869
Staff costs
€15,945
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as BECEDRE: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €16,000 and €22,700, founded between 2021 and 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
BECEDRE Charleroi2023€20,790€10,260€26,159€10,1272025
Aloha Immobilière Herstal2023€22,510€17,303€18,168€12,3032025
POP-UP PROPERTY Zaventem2022€20,019€174€26,111€2,6612025
CYSATO INVEST Oostende2023€15,957€4,605€19,168€4,6052025
Immobilière 1758 Sprimont2022€22,722€17,292€16,670€10,7912025
ISYMMO Honnelles2024€20,469-€249€11,825€5,6912025
DEVELOPPEMENT IMMOBILIER DEPRIT REAL ESTATE Thuin2021€20,717€7,941€13,907€7852025

They were chosen from the 5,832 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as BECEDRE has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

That fits the bankruptcy probability of BECEDRE itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for BECEDRE. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines

Source: Annual accounts 2025 at the NBB, filed on 18-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1,002€20,790▲
Current assets29/58€1,002€20,790▲
Amounts receivable within one year40/41€875€1,120▲
Other amounts receivable41€875€1,120▲
Cash at bank and in hand54/58€127€19,670▲
Equity and liabilities
Total equity and liabilities10/49€1,002€20,790▲
Equity10/15€133€10,260▲
Contributions10/11€20,000€20,000=
Contributions outside capital11€20,000€20,000=
Other1109/19€20,000€20,000=
Profit (loss) carried forward14-€19,867-€9,740▲
Amounts payable17/49€869€10,530▲
Amounts payable within one year42/48€869€10,530▲
Trade debts44€869€728▼
Suppliers440/4€869€728▼
Taxes, remuneration and social security45-€5,325
Taxes450/3-€3,606
Remuneration and social security454/9-€1,719
Other amounts payable47/48-€4,477
Income statement Code20242025
Remuneration, social security and pensions62-€15,945
Other operating charges640/8€352-
Gross operating margin9900-€19,492€26,159▲
Operating profit (loss)9901-€19,844€10,214▲
Financial charges65/66B€23€86▲
Recurring financial charges65€23€86▲
Profit (loss) for the period before taxes9903-€19,867€10,127▲
Profit (loss) for the period9904-€19,867€10,127▲
Profit (loss) for the period to be appropriated9905-€19,867€10,127▲
Appropriation of the result
Profit (loss) to be appropriated9906-€19,867-€9,740▲
Profit (loss) brought forward from the previous period14P--€19,867
Line20242025Change
Remuneration, social security and pensions62-€15,945-
Other operating charges640/8€352--
Gross operating margin9900-€19,492€26,159-
Operating profit (loss)9901-€19,844€10,214-
Financial charges65/66B€23€86▲ 273%
Recurring financial charges65€23€86▲ 273%
Profit (loss) for the period before taxes9903-€19,867€10,127-
Profit (loss) for the period9904-€19,867€10,127-
Profit (loss) for the period to be appropriated9905-€19,867€10,127-
Line20242025Change
Assets
Total assets20/58€1,002€20,790▲ 21×
Current assets29/58€1,002€20,790▲ 21×
Amounts receivable within one year40/41€875€1,120▲ 28.0%
Other amounts receivable41€875€1,120▲ 28.0%
Cash at bank and in hand54/58€127€19,670▲ 154×
Equity and liabilities
Total equity and liabilities10/49€1,002€20,790▲ 21×
Equity10/15€133€10,260▲ 77×
Contributions10/11€20,000€20,000=
Contributions outside capital11€20,000€20,000=
Other1109/19€20,000€20,000=
Profit (loss) carried forward14-€19,867-€9,740▲ 51.0%
Amounts payable17/49€869€10,530▲ 12×
Amounts payable within one year42/48€869€10,530▲ 12×
Trade debts44€869€728▼ 16.2%
Suppliers440/4€869€728▼ 16.2%
Taxes, remuneration and social security45-€5,325-
Taxes450/3-€3,606-
Remuneration and social security454/9-€1,719-
Other amounts payable47/48-€4,477-
Line20242025Change
Profit (loss) for the period9904-€19,867€10,127-
Operating cash flow (approximation)-€19,867€10,127-
Change in cash-€19,543-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 18-09-2026 2026-00530666 NBB
31-12-2024 micro format 29-07-2025 2025-00333919 PDF

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