bECO2
ActiveSummary
bECO2 has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,660 and a net result of €0. Equity has been stable since 2018 (±0% per year). Its solvency ranks better than 7% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-11-2008 Normal situation
- Registered office
- 24 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Manufacture of chemicals and chemical products NACE 20110and 1 other
- Joint committee
- 207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2025
- Establishment units
- 2.175.248.358 1830 Machelen (Brab.), since 05-01-2009
- 2.188.348.605 2070 Beveren-Kruibeke-Zwijndrecht, since 01-06-2010
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Annett BEIERDirector · since 28-04-2017
- Auditor
- KPMG Bedrijfsrevisoren
- MESSER BELGIUM70%· score 97annual accounts 2025
- Messer SE & Co. KgaAconsolidatesannual accounts 2025
- IJSFABRIEK STROMBEEK30%annual accounts 2025
- Holdings
- Shares in 1 company Greenco2
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Turnover
- €2.7m
- ▲ 2.3%
- Operating revenue
- €6.6m
- ▼ 12.8%
- Profit
- €0
- Equity
- €49,660
- =
- Total assets
- €9.2m
- ▼ 5.9%
- Employees on 31-12-2025
- 2
- ▼ 33.3%
Score breakdownraises riskEquity €49,660 (0.5% of total assets)lowers riskSize: turnover €2.7m, 2.8 FTE, total assets €9.2mFounded in 2008Liquidity: current ratio 3.36, cash €654,100Show the evidence
Checked score
About 3 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 20, micro). It does better than 25% of them on solvency, 47% on liquidity, 56% on profitability and 48% 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 7 accounts on average 69 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 27-05-2026 PDF all 17 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 27% higher than in 2024. It is the second rise in a row, after the fall in 2023.
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of chemicals and chemical products (NACE 20). 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, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 4 | 3 | 2 |
| full-time | 2 | 2 | 4 | 3 | 2 |
| part-time | 1 | 1 | - | 0 | 0 |
| in full-time equivalents | 2.8 | 2.8 | 4 | 3 | 2 |
| Average over the year, in full-time equivalents | 2.9 | 2.8 | 3.3 | 3.3 | 2.8 |
| On a permanent contract | 3 | 3 | 4 | 3 | 2 |
| Joined | - | - | 1 | 0 | 0 |
| Left | - | - | 0 | 1 | 1 |
| Training hours | - | - | 8 | 27 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €118,767 | €244,286 | €540,895 | €243,870 | €248,039 |
| Depreciation and write-downs of the year | €1.5m | €1.5m | €1.5m | €1.4m | €716,231 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €11,335 | €12,578 | €13,080 | €13,808 | €14,221 |
| Work by persons linked to the auditor | €2,160 | €557 | €250 | €521 | €725 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Comparable companies
These companies have the same main activity as bECO2: manufacture of chemicals and chemical products (NACE 20110). They are comparable in size and age: total assets between €1.1m and €13m, founded between 1989 and 2018.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| bECO2 Beveren-Kruibeke-Zwijndrecht | 2008 | €9.2m | €0.05m | - | €2.7m | €0 | 2.8 | 2025 |
| GESTIMAT BELGIUM Jette | 2018 | €4.1m | €0.4m | - | €5.0m | €0.04m | 17.9 | 2025 |
| BIO ENERGY NIVELLES Nivelles | 2018 | €4.2m | €2.1m | €0.8m | - | €0.3m | 1 | 2025 |
| SOL B Lessines | 1989 | €13.4m | €8.5m | - | €12.9m | €1.0m | 24.3 | 2025 |
| SOBELTEC Ronse | 1992 | €1.1m | -€3.1m | -€0.2m | - | -€1.0m | 4.8 | 2025 |
| VETAK Estaimpuis | 1990 | €1.9m | €0.3m | €0.04m | - | -€0.02m | 0 | 2025 |
| BIOGAZ SAINT-ROCH Thuin | 2017 | €3.5m | €0.6m | -€0.04m | - | -€0.3m | - | 2025 |
They were chosen from the 33 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, 1,375 companies had the same profile as bECO2 has now. Two years later, 2.2% had gone bankrupt and 95.9% were still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of bECO2 itself is lower: 0.3% within 12 months. It rests on far more data about bECO2 than the profile alone.
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 1,375 companies, not a prediction for bECO2. 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €6.6m | €9.8m | €8.4m | €7.6m | €6.6m | ▼ 12.8% |
| Turnover70 | €1.6m | €1.8m | €1.6m | €2.0m | €2.3m | €3.2m | €2.7m | €2.7m | ▲ 2.3% |
| Other operating income74 | - | - | - | €4.6m | €7.6m | €5.2m | €4.9m | €3.9m | ▼ 21.1% |
| Operating charges60/66A | - | - | - | €6.6m | €9.8m | €8.4m | €7.6m | €6.6m | ▼ 12.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | €3.5m | €6.4m | €4.9m | €4.2m | €4.0m | ▼ 3.9% |
| Purchases600/8 | - | - | - | €3.5m | €6.4m | €4.9m | €4.2m | €4.0m | ▼ 4.1% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.02m | -€0.04m | €0.02m | -€0.01m | €0.001m | - |
| Services and other goods61 | - | - | - | €1.2m | €1.4m | €1.5m | €1.5m | €1.6m | ▲ 9.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.09m | ▼ 74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.3m | €1.4m | €1.4m | €1.5m | €1.5m | €1.5m | €1.4m | €0.7m | ▼ 49.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0 | €0 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 0.7% |
| Operating profit (loss)9901 | €0.001m | €0.001m | €418 | €0.002m | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 26.9% |
| Financial charges65/66B | - | - | - | €85 | €48 | €345 | €175 | €0 | ▼ 100% |
| Recurring financial charges65 | €24 | €172 | €418 | €85 | €48 | €345 | €175 | €0 | ▼ 100% |
| Other financial charges652/9 | - | - | - | €85 | €48 | €345 | €175 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €0.001m | €0.001m | €0 | €0.002m | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 46.0% |
| Income taxes67/77 | €0.001m | €0.001m | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 46.0% |
| Taxes670/3 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 46.0% |
| Profit (loss) for the period9904 | €0 | €0 | - | €0 | €0 | €0 | €0 | €0 | - |
| Profit (loss) for the period to be appropriated9905 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €13.5m | €12.3m | €12.1m | €13.6m | €13.3m | €11.8m | €9.7m | €9.2m | ▼ 5.9% |
| Formation expenses20 | - | - | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €7.5m | €6.7m | €6.1m | €4.7m | €3.4m | €2.5m | €1.3m | €0.8m | ▼ 36.0% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €7.5m | €6.7m | €6.1m | €4.7m | €3.4m | €2.4m | €1.3m | €0.8m | ▼ 36.8% |
| Land and buildings22 | - | - | - | €0.06m | €0.04m | €0.03m | €0.02m | €0.005m | ▼ 70.2% |
| Plant, machinery and equipment23 | - | - | - | €4.7m | €3.4m | €2.4m | €1.3m | €0.8m | ▼ 36.5% |
| Furniture and vehicles24 | - | - | - | €232 | €134 | €0.001m | €459 | €0.001m | ▲ 215% |
| Assets under construction and advance payments27 | - | - | - | €0 | €0 | €0.01m | €0 | - | - |
| Financial fixed assets28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Affiliated companies280/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Participating interests280 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Current assets29/58 | €6.0m | €5.6m | €6.0m | €8.8m | €9.9m | €9.4m | €8.4m | €8.3m | ▼ 1.2% |
| Amounts receivable after more than one year29 | - | - | - | €5.8m | €6.7m | €6.2m | €5.3m | €5.0m | ▼ 5.3% |
| Trade receivables290 | - | - | - | €5.8m | €6.7m | €6.2m | €5.3m | €5.0m | ▼ 5.3% |
| Stocks and contracts in progress3 | €0.001m | €0.05m | €0.05m | €0.03m | €0.07m | €0.05m | €0.06m | €0.06m | ▼ 2.0% |
| Stocks30/36 | - | - | - | €0.03m | €0.07m | €0.05m | €0.06m | €0.06m | ▼ 2.0% |
| Goods purchased for resale34 | - | - | - | €0.03m | €0.07m | €0.05m | €0.06m | €0.06m | ▼ 2.0% |
| Amounts receivable within one year40/41 | €1.7m | €1.4m | €1.0m | €2.8m | €2.8m | €2.6m | €2.5m | €2.6m | ▲ 3.1% |
| Trade receivables40 | - | - | - | €2.7m | €2.7m | €2.6m | €2.5m | €1.6m | ▼ 34.1% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | - | €0.002m | €0.9m | ▲ 439× |
| Cash at bank and in hand54/58 | €0.1m | €0.3m | €0.4m | €0.06m | €0.1m | €0.3m | €0.5m | €0.7m | ▲ 39.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €135 | ▼ 99.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €13.5m | €12.3m | €12.1m | €13.6m | €13.3m | €11.8m | €9.7m | €9.2m | ▼ 5.9% |
| Equity10/15 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Contributions10/11 | €0.05m | €0.05m | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.001m | -€0.001m | -€0.001m | -€0.001m | -€0.001m | -€0.001m | -€0.001m | -€0.001m | = |
| Provisions and deferred taxes16 | - | - | - | - | €0 | €0 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0 | €0 | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | €0 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €13.4m | €12.2m | €12.1m | €13.5m | €13.3m | €11.8m | €9.7m | €9.1m | ▼ 5.9% |
| Amounts payable after more than one year17 | €11.2m | €10.0m | €9.0m | €9.4m | €9.1m | €7.0m | €7.8m | €6.6m | ▼ 15.2% |
| Advances received on contracts in progress176 | - | - | - | €9.4m | €9.1m | €7.0m | €7.8m | €6.6m | ▼ 15.2% |
| Amounts payable within one year42/48 | €2.3m | €2.2m | €3.1m | €4.1m | €4.1m | €4.8m | €1.9m | €2.5m | ▲ 33.4% |
| Trade debts44 | €0.7m | €0.7m | €1.0m | €2.0m | €1.5m | €1.3m | €0.5m | €1.2m | ▲ 137% |
| Suppliers440/4 | - | - | - | €2.0m | €1.5m | €1.3m | €0.5m | €1.2m | ▲ 137% |
| Advances received on contracts in progress46 | - | - | - | €2.0m | €2.5m | €3.4m | €1.1m | €1.1m | ▼ 5.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 18.2% |
| Taxes450/3 | - | - | - | - | - | €0.07m | €0.04m | €0.1m | ▲ 312% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.007m | ▼ 95.3% |
| Other amounts payable47/48 | - | - | - | - | €0.06m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0 | €0 | - | €0 | €0 | €0 | €0 | €0 | - |
| + Depreciation and write-downs630 | €1.3m | €1.4m | €1.4m | €1.5m | €1.5m | €1.5m | €1.4m | €0.7m | ▼ 49.4% |
| Operating cash flow (approximation) | €1.3m | €1.4m | €1.4m | €1.5m | €1.5m | €1.5m | €1.4m | €0.7m | ▼ 49.4% |
| Investment in fixed assets (approximation) | - | -€0.5m | -€0.8m | -€0.1m | -€0.2m | -€0.5m | -€0.2m | -€0.2m | ▼ 1.7% |
| Change in cash | - | €0.2m | €0.2m | -€0.4m | €0.09m | €0.2m | €0.1m | €0.2m | ▲ 47.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-05-2026 | 2026-00130670 | |
| 31-12-2024 | full format | 22-05-2025 | 2025-00106235 | |
| 31-12-2023 | full format | 15-05-2024 | 2024-00091728 | |
| 31-12-2022 | full format | 06-05-2023 | 2023-00082590 | |
| 31-12-2021 | full format | 02-05-2022 | 2022-20020368 | |
| 31-12-2020 | full format | 15-06-2021 | 2021-20700558 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-16600480 | |
| 31-12-2018 | full format | 15-05-2019 | 2019-13400501 | |
| 31-12-2017 | full format | 22-05-2018 | 2018-13500460 | |
| 31-12-2016 | full format | 26-05-2017 | 2017-13700109 |
Board & ownership
Directors
Board 1
Statutory auditor 1
Owners and capital
Shareholders
3 ownersChain of control
- Messer SE & Co. KgaADE
- MESSER BELGIUM
- bECO2
Owners 3
- MESSER BELGIUMparentEquity €54.8m Profit of €6.7m in 2025 (profit of €6.7m in 2024) Checked score 9770%
- Messer SE & Co. KgaADEconsolidating parentconsolidates
- Equity €21.6m Profit of €1.8m in 2025 (profit of €4.2m in 2024)30%
Mandate history
- Board
- Statutory auditor
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Annett BEIER |
|
| KPMG Bedrijfsrevisoren |
|
| Jan DE RIDDER |
|
| Dieter SOENS |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Equity €61,500 Result of €0 in 2025 (result of €0 in 2024) Checked score 8450%
Companies at the same address
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- Van Moer Rail Establishment · since 2024 0466169330
- Messer Air Gases Belgium Registered office · since 2023 0802062019
- Polytek Establishment · since 2021 0836937180
- INEOS OXIDE SERVICES Registered office · since 2017 0670561691
- Greenco2 Registered office · since 2016 0631841766
- INEOS STYROLUTION BELGIUM SERVICES Registered office · since 2012 0501681129
- SWECO Establishment · since 2012 0405647664
- INEOS C2T Registered office · since 2008 0899751214
- GASTRO CATERING SERVICES-ANTWERPEN Establishment · since 2006 0880613807
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
03-09
Gazette deed
Permanent representatives: Mike Boonen and Christophe Van Parys2 points ▸
- Permanent representative, Mike Boonen
- Permanent representative, Christophe Van Parys
02-12
Gazette deed
Resignation: Dieter SOENS (director)Appointment: Jan DE RIDDER (director) · Reappointment: Annett BEIER (director)4 points ▸
- General meeting, 11-09-2025
- Director resignation, Dieter SOENS (director)
- Director appointment, Jan DE RIDDER (director)
- Director reappointment, Annett BEIER (director)
12-06
Gazette deed
Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)Permanent representative: Mike Boonen3 points ▸
- General meeting, 26-04-2024
- Auditor reappointment, KPMG Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Mike Boonen
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
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11056H0505/00F000 | Flanders | 7.7 ha | 1 · 1,032 m² | 14.9 m · 3 |
| 23047A0054/00N003 | Flanders | 3,990 m² | 1 · 1,721 m² | 4.9 m |