BECEDRE
ActiveSummary
BECEDRE has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,260 and a net result of €10,127. Its solvency ranks better than 65% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-06-2023 Normal situation
- Activity
- Buying and selling of own real estate NACE 68110and 6 others
- Establishment unit
- 2.345.977.266 6040 Charleroi, since 15-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Board and ownership
- MASTRODONATO MassimoDirector · since 13-06-2023
- FERREIRA Alves Castilho MDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €26,159
- Turnover
- ≈ €64,000
- estimated
- Profit
- €10,127
- Equity
- €10,260
- ▲ 77×
- Total assets
- €20,790
- ▲ 21×
- Staff
- ≈ 0.4 FTE
- estimated
- 2025 accounts filed 49 days after the deadline
Score breakdownraises riskLast filed accounts filed 49 days late; 1 of the last 3 accounts lateSize: total assets €20,790lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 1.97, cash €19,670Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 64% of them on solvency, 83% on liquidity, 95% on profitability and 99% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 24 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
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
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.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
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.
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.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| BECEDRE Charleroi | 2023 | €20,790 | €10,260 | €26,159 | €10,127 | 2025 |
| Aloha Immobilière Herstal | 2023 | €22,510 | €17,303 | €18,168 | €12,303 | 2025 |
| POP-UP PROPERTY Zaventem | 2022 | €20,019 | €174 | €26,111 | €2,661 | 2025 |
| CYSATO INVEST Oostende | 2023 | €15,957 | €4,605 | €19,168 | €4,605 | 2025 |
| Immobilière 1758 Sprimont | 2022 | €22,722 | €17,292 | €16,670 | €10,791 | 2025 |
| ISYMMO Honnelles | 2024 | €20,469 | -€249 | €11,825 | €5,691 | 2025 |
| DEVELOPPEMENT IMMOBILIER DEPRIT REAL ESTATE Thuin | 2021 | €20,717 | €7,941 | €13,907 | €785 | 2025 |
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 observationIn 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
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.
| 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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 | - |
Board & ownership
Directors
Owners and capital
Shareholders
- MASTRODONATO Massimo 75 shares
- FERREIRA Alves Castilho M 25 shares
- MASTRODONATO Massimo to FERREIRA Alves Castilho M 15 shares
- FERREIRA Alves Castilho M associé actif · 10 shares
- MASTRODONATO Massimo 90 shares
- MASTRODONATO Massimo to FERREIRA Alves Castilho M 10 shares
- Mastrodonato Massimo 100 shares
- Hachem Jamal to Mastrodonato Massimo all shares
Show 3 older mentions
- Hachem Jamal 75 shares
- Mastrodonato Massimo 25 shares
- Mastrodonato Massimo to Hachem Jamal 75 shares
- MASTRODONATO Massimo 100 shares (100%) · €20,000 in cash
Capital transactions
- 15-06-2023 Incorporation · €20,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MASTRODONATO Massimo |
|
| FERREIRA Alves Castilho M |
|
| Hachem Jamal |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée sans indication censé sans limitation, 1”“Rémunération administrateurs, fixe ou proportionnelle”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 15-06-2023 (in French)
Network & group
BECEDRE shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of BECEDRE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-06
Gazette deed
Transfer of 15 sharesAppointment: FERREIRA Alves Castilho M (administrateur chargé de la direction technique journalière) · Shareholding5 points ▸
- General meeting, 21-05-2026
- Director appointment, FERREIRA Alves Castilho M (administrateur chargé de la direction technique journalière)
- Share transfer, MASTRODONATO Massimo → FERREIRA Alves Castilho M
- MASTRODONATO Massimo holds 75 shares
- FERREIRA Alves Castilho M holds 25 shares
06-05
Gazette deed
Registered office moved from Charleroi to JumetTransfer of 10 shares · Partner · Shareholding6 points ▸
- General meeting, 31-03-2026
- Partner, FERREIRA Alves Castilho M (associé actif)
- Share transfer, MASTRODONATO Massimo → FERREIRA Alves Castilho M
- Registered-office move, Rue François Dewiest 56 bte 1 - 6040 Jumet,Belgique
- MASTRODONATO Massimo holds 90 shares
- FERREIRA Alves Castilho M holds 10 shares
13-11
Gazette deed
Resignation: Hachem Jamal (director)Share transfer · Shareholding5 points ▸
- General meeting, 30-09-2024
- Director resignation, Hachem Jamal (director)
- Share transfer, Hachem Jamal → Mastrodonato Massimo
- Mastrodonato Massimo holds 100 shares
- Director in office, Mastrodonato Massimo (director)
11-08
Gazette deed
Transfer of 75 sharesAppointment: Hachem Jamal (director) · Shareholding5 points ▸
- General meeting, 14-06-2023
- Director appointment, Hachem Jamal (director)
- Share transfer, Mastrodonato Massimo → Hachem Jamal
- Hachem Jamal holds 75 shares
- Mastrodonato Massimo holds 25 shares
15-06
Gazette deed
IncorporationStarting capital €20,000 · Appointment: MASTRODONATO Massimo (director) · Founder11 points ▸
- Incorporation, 09-06-2023
- Founder, MASTRODONATO Massimo
- Founding capital, €20,000
- Bank account, 20000, EUR
- Other provision, “plan financier et avertissement sur responsabilité des fondateurs, plan financier” (deed in French)
- Other provision, “attestation de dépôt”, 20000 (deed in French)
- Capital
- Registered office clause, “6000 Charleroi, rue Clément Lyon”, 2, 2 (deed in French)
- Board rule, 1, 3
- Director appointment, MASTRODONATO Massimo (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements obligations activités au nom pour compte société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- L’étude et la réalisation de tous travaux de construction,publics et privés,en qualité d’entrepreneur général et en sous traitance,la conception et la construction de tous bâtiments et édifices
- Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,d’embellissement,de renouvellement,de modernisation,et la maintenance de tous les types d’ouvrages d’art,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés,et du bâtiment
- L’acquisition de tous terrains,la construction de tous bâtiments publics ou privés,l’achat,la vente,la location,la division de tous immeubles
- La prise en considération de tous travaux concernant la distribution d’eau,du gaz,de l’électricité,eaux usées
- L’achat et la vente en gros ou au détail,la location,l’importation,l’exportation de tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation et de renouvellement des ouvrages d’art et des bâtiments
- La préparation,la rédaction et la conclusion tant en tant que mandataire que pour compte propre,de tous marchés publics ou privés ou de fournitures.Toutes opérations se rapprochant de près ou de loin à tout ce qui précède
- Dans ce cadre,la société pourra notamment effectuer tous travaux de démolition,déblayage de chantiers,sondage,essais,forages d’essais,isolation,nettoyage de bâtiments nouveaux et remise en état des lieux,ravalement de façade,construction de cheminées décorative et feux ouverts,maçonnerie et rejointoiement,mise en place de fondation,ferraillage et pose de coffrage,construction de cheminées et de fours industriels,montage d’éléments de structures métalliques,travaux de levage,montage et démontage d’échaffaudages et de plates-formes de travail,construction de chambres froides,chambres fortes,location avec opérateur de matériel de construction,installation de piscines privées
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.668.169
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52363E0479/00C002 | Wallonia | 189 m² | 1 · 61 m² | 11.9 m · 3 |