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BECUE PROJECTS

Active
Private limited companyfounded 1968active for 58 yearsNazarethstraat 12, 9840 Nazareth-De Pinte, BelgiumKBO/BCE: BE 0406.062.091
Summary

BECUE PROJECTS has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183,675 and a net result of -€435. Equity is growing by about 13% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€183,675▼ 0.2%
2024 · €184,109
Total assets
€247,546▼ 11.9%
2024 · €280,904
Net result
-€435▲ 97.6%
2024 · -€17,921
Working capital
€183,002▲ 0.2%
2024 · €182,618
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €14,187 in 2025 against €25,591 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€14,187 2025 Net result-€435 2025

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

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€563--€5,644-€10,318▼ 82.8%€29,845€10,658▼ 64.3%€121,315▲ 11×-€25,591-€14,187▲ 44.6%
Net result€352--€5,704-€10,309▼ 80.7%€23,756€8,493▼ 64.2%€84,632▲ 896%-€17,921-€435▲ 97.6%
Equity€101,162-€95,458▼ 5.6%€85,149▼ 10.8%€108,905▲ 27.9%€117,398▲ 7.8%€202,030▲ 72.1%€184,109▼ 8.9%€183,675▼ 0.2%
Total assets€107,215-€102,929▼ 4.0%€99,713▼ 3.1%€130,536▲ 30.9%€144,676▲ 10.8%€273,325▲ 88.9%€280,904▲ 2.8%€247,546▼ 11.9%
Debt€6,053-€7,471▲ 23.4%€14,564▲ 94.9%€21,631▲ 48.5%€27,278▲ 26.1%€71,295▲ 161%€96,795▲ 35.8%€63,871▼ 34.0%
Working capital-€5,133--€7,448▼ 45.1%-€14,377▼ 93.0%€97,912€107,078▲ 9.4%€198,661▲ 85.5%€182,618▼ 8.1%€183,002▲ 0.2%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247,546
Fixed assets €672 ▼ 54.9%
Current assets €246,874 ▼ 11.6%
Equity and liabilities €247,546
Equity €183,675 ▼ 0.2%
Debt €63,871 ▼ 34.0%
Debt's share of the balance-sheet total falls from 34.5% to 25.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
3.87▲
2024 · 2.89
Debt to equity
0.35▼
2024 · 0.53
ROE
-0.2%▲
2024 · -9.7%
ROA
-0.2%▲
2024 · -6.4%
Debt ≤ 1 year
€63,871▼
2024 · €96,795
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90.3% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 12,322 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€280,904€247,546▼
Fixed assets21/28€1,492€672▼
Tangible fixed assets22/27€1,492€672▼
Land and buildings22€1,492€672▼
Current assets29/58€279,412€246,874▼
Amounts receivable within one year40/41€257,508€232,722▼
Trade receivables40€31€0▼
Other amounts receivable41€257,477€232,722▼
Cash at bank and in hand54/58€14,223€362▼
Deferred charges and accrued income490/1€7,681€13,789▲
Equity and liabilities
Total equity and liabilities10/49€280,904€247,546▼
Equity10/15€184,109€183,675▼
Contributions10/11€24,789€24,789=
Reserves13€159,320€158,885▼
Tax-exempt reserves132€5,330€5,330=
Distributable reserves133€153,990€153,556▼
Amounts payable17/49€96,795€63,871▼
Amounts payable within one year42/48€96,795€63,871▼
Trade debts44€57,506€24,583▼
Suppliers440/4€57,506€24,583▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€39,288€39,288=
Income statement Code20242025
Non-recurring operating income76A€33,855€14,574▼
Other operating charges640/8€528€694▲
Gross operating margin9900-€25,064-€13,494▲
Operating profit (loss)9901-€25,591-€14,187▲
Financial income75/76B€7,724€13,918▲
Recurring financial income75€7,724€13,918▲
Non-recurring financial income76B€0-
Financial charges65/66B€53€166▲
Recurring financial charges65€53€166▲
Profit (loss) for the period before taxes9903-€17,921-€435▲
Income taxes67/77€0-
Profit (loss) for the period9904-€17,921-€435▲
Profit (loss) for the period to be appropriated9905-€17,921-€435▲
Appropriation of the result
Profit (loss) to be appropriated9906-€17,921-€435▲
Transfer from equity791/2€17,921€435▼
Transfer to equity691/2€0-
To other reserves6921€0-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€113,120€11,959€122,863€33,855€14,574▼ 57.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3,389€3,389€0-----
Other operating charges640/8---€468€469€516€528€694▲ 31.4%
Non-recurring operating charges66A---€82,174€0----
Gross operating margin9900€2,021-€901-€5,439€112,486€11,127€121,831-€25,064-€13,494▲ 46.2%
Operating profit (loss)9901€563-€5,644-€10,318€29,845€10,658€121,315-€25,591-€14,187▲ 44.6%
Financial income75/76B---€0€2,083€5,723€7,724€13,918▲ 80.2%
Recurring financial income75--€9€0€2,083€4,511€7,724€13,918▲ 80.2%
Non-recurring financial income76B-----€1,213€0--
Financial charges65/66B---€30€0€50€53€166▲ 210%
Recurring financial charges65€63€60€0€30€0€50€53€166▲ 210%
Profit (loss) for the period before taxes9903€500-€5,704-€10,309€29,815€12,741€126,988-€17,921-€435▲ 97.6%
Income taxes67/77€148--€6,059€4,248€42,356€0--
Profit (loss) for the period9904€352-€5,704-€10,309€23,756€8,493€84,632-€17,921-€435▲ 97.6%
Profit (loss) for the period to be appropriated9905€352-€5,704-€10,309€23,756€8,493€84,632-€17,921-€435▲ 97.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€107,215€102,929€99,713€130,536€144,676€273,325€280,904€247,546▼ 11.9%
Fixed assets21/28€106,294€102,906€99,526€10,993€10,320€3,370€1,492€672▼ 54.9%
Tangible fixed assets22/27€106,294€102,906€99,526€10,993€10,320€3,370€1,492€672▼ 54.9%
Land and buildings22---€10,993€10,320€3,370€1,492€672▼ 54.9%
Current assets29/58€920€23€187€119,544€134,356€269,955€279,412€246,874▼ 11.6%
Amounts receivable within one year40/41€852---€132,112€263,216€257,508€232,722▼ 9.6%
Trade receivables40-----€14,727€31€0▼ 100%
Other amounts receivable41----€132,112€248,489€257,477€232,722▼ 9.6%
Cash at bank and in hand54/58€68€23€187€119,544€161€257€14,223€362▼ 97.5%
Deferred charges and accrued income490/1----€2,083€6,483€7,681€13,789▲ 79.5%
Equity and liabilities
Total equity and liabilities10/49€107,215€102,929€99,713€130,536€144,676€273,325€280,904€247,546▼ 11.9%
Equity10/15€101,162€95,458€85,149€108,905€117,398€202,030€184,109€183,675▼ 0.2%
Contributions10/11€24,789€24,789-€24,789€24,789€24,789€24,789€24,789=
Reserves13€74,526€70,668€60,360€84,115€92,609€177,241€159,320€158,885▼ 0.3%
Non-distributable reserves130/1---€0-----
Reserves not available under the articles1311---€0-----
Tax-exempt reserves132---€5,330€5,330€5,330€5,330€5,330=
Distributable reserves133---€78,786€87,279€171,911€153,990€153,556▼ 0.3%
Profit (loss) carried forward14€1,847--------
Amounts payable17/49€6,053€7,471€14,564€21,631€27,278€71,295€96,795€63,871▼ 34.0%
Amounts payable within one year42/48€6,053€7,471€14,564€21,631€27,278€71,295€96,795€63,871▼ 34.0%
Trade debts44--€1,093€101€0-€57,506€24,583▼ 57.3%
Suppliers440/4---€101€0-€57,506€24,583▼ 57.3%
Taxes, remuneration and social security45---€6,059€10,307€42,323€0--
Taxes450/3---€6,059€10,307€42,323€0--
Other amounts payable47/48---€15,471€16,971€28,971€39,288€39,288=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€352-€5,704-€10,309€23,756€8,493€84,632-€17,921-€435▲ 97.6%
+ Depreciation and write-downs630-€3,389€3,389€0-----
Operating cash flow (approximation)€352-€2,315-€6,920€23,756€8,493€84,632-€17,921-€435▲ 97.6%
Investment in fixed assets (approximation)-€0-€9€88,534€672€6,951€1,878€819▼ 56.4%
Change in cash--€45€164€119,356-€119,382€95€13,966-€13,860-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 34 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 30-06-2026 2026-00220736
31-12-2024 micro format 29-08-2025 2025-00432819
31-12-2023 micro format 30-08-2024 2024-00452810
31-12-2022 micro format 31-08-2023 2023-00428492
31-12-2021 micro format 31-08-2022 2022-20424585
31-12-2020 micro format 31-08-2021 2021-63300397
31-12-2019 micro format 30-10-2020 2020-65700210
31-12-2018 micro format 28-05-2019 2019-14500283
31-12-2017 micro format 23-05-2018 2018-13400001
31-12-2016 micro format 31-05-2017 2017-13600469

Show all 34 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.