Bedecom
ActiveSummary
Bedecom has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.5m and a net result of €202,537. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 38% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-16
Solvency50▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290,000 at 30 days acceptable
Liquidity ample (current ratio 28.63 against 5.05 in 2024; short-term debt: 3.3% and cash: 3.5% of total assets), but 74.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.1%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
111 d early
2022
29 d late
2021
18 d early
2020
18 d early
2019
16 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€202,537▼ 12.5%
2024 · €231,510
Working capital
€16.7m▼ 0.4%
2024 · €16.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120242025
Operating result€553,489-€160,424▼ 71.0%€147,720▼ 7.9%€647,632-€576,230▼ 11.0%
Net result€215,449--€21,703below the sector's middle half€9,396within the sector's middle half€231,510-€202,537above the sector's middle half▼ 12.5%
Equity€4.4m-€4.4mabove the sector's middle half▼ 0.5%€4.4mabove the sector's middle half▲ 0.2%€4.5m-€4.5mabove the sector's middle half▲ 0.9%
Total assets€20.7m-€18.4mabove the sector's middle half▼ 11.2%€17.3mabove the sector's middle half▼ 5.7%€21.8m-€18.1mabove the sector's middle half▼ 16.7%
Debt€16.3m-€14.0m▼ 14.1%€13.0m▼ 7.5%€17.2m-€13.6m▼ 21.3%
Working capital€18.6m-€17.7m▼ 4.9%€16.8m▼ 5.4%€16.8m-€16.7m▼ 0.4%
Solvency21.1%-23.7%within the sector's middle half▲ 2.6pp25.2%within the sector's middle half▲ 1.5pp20.7%-25.1%within the sector's middle half▲ 4.4pp
Staff (FTE)1-3.1within the sector's middle half▲ 210%5.6above the sector's middle half▲ 80.6%6.9-6.2above the sector's middle half▼ 10.1%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.1m
Fixed assets
€827,496 ▼ 2.8%
Current assets
€17.3m ▼ 17.3%
Equity and liabilities €18.1m
Equity
€4.5m ▲ 0.9%
Provisions
€26,259 ▼ 1.3%
Debt
€13.6m ▼ 21.3%
Debt's share of the balance-sheet total falls from 79.2% to 74.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€732,244▼
2024 · €897,278
Cash flow
€358,552▼
2024 · €481,156
Current ratio
28.63▲
2024 · 5.05
Quick ratio
3.03▲
2024 · 0.78
Debt to equity
2.98▼
2024 · 3.83
ROE
4.5%▼
2024 · 5.1%
ROA
1.1%▲
2024 · 1.1%
Interest coverage
2.12▼
2024 · 4.07
Debt ≤ 1 year
€604,844▼
2024 · €4.1m
Debt > 1 year
€12.9m▼
2024 · €13.1m
Income taxes
€137,336▼
2024 · €172,801
Staff costs
€543,738▼
2024 · €732,864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,972 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,972 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
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | €150,972 | €6,991 | ▼ 95.4% |
| Remuneration, social security and pensions62 | - | - | €334,335 | €732,864 | €543,738 | ▼ 25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,893 | €86,746 | €75,916 | €249,646 | €156,014 | ▼ 37.5% |
| Other operating charges640/8 | - | - | €6,865 | €209,760 | €98,251 | ▼ 53.2% |
| Non-recurring operating charges66A | - | - | - | - | €3,751 | - |
| Gross operating margin9900 | €834,523 | €590,572 | €564,836 | €1.8m | €1.4m | ▼ 25.1% |
| Operating profit (loss)9901 | €553,489 | €160,424 | €147,720 | €647,632 | €576,230 | ▼ 11.0% |
| Financial income75/76B | - | - | €5,624 | €7,849 | €108,784 | ▲ 1,286% |
| Recurring financial income75 | €18,795 | €42,460 | €5,624 | €7,849 | €108,784 | ▲ 1,286% |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €138,421 | €224,566 | €345,487 | ▲ 53.8% |
| Recurring financial charges65 | €267,704 | €259,215 | €138,421 | €220,404 | €345,487 | ▲ 56.8% |
| Non-recurring financial charges66B | - | - | - | €4,162 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €304,580 | -€20,296 | €14,924 | €430,915 | €339,527 | ▼ 21.2% |
| Transfer from deferred taxes780 | - | - | - | €10 | €346 | ▲ 3,360% |
| Transfer to deferred taxes680 | - | - | - | €26,614 | €0 | ▼ 100% |
| Income taxes67/77 | €89,131 | €1,408 | €5,528 | €172,801 | €137,336 | ▼ 20.5% |
| Profit (loss) for the period9904 | €215,449 | -€21,703 | €9,396 | €231,510 | €202,537 | ▼ 12.5% |
| Transfer from tax-exempt reserves789 | - | - | €0 | €29 | €1,038 | ▲ 3,479% |
| Transfer to tax-exempt reserves689 | - | - | - | €79,843 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €515,303 | €422,444 | €9,396 | €151,695 | €203,575 | ▲ 34.2% |
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20.7m | €18.4m | €17.3m | €21.8m | €18.1m | ▼ 16.7% |
| Fixed assets21/28 | €386,060 | €304,399 | €267,350 | €851,279 | €827,496 | ▼ 2.8% |
| Intangible fixed assets21 | - | - | - | €585,389 | €468,312 | ▼ 20.0% |
| Tangible fixed assets22/27 | €351,057 | €269,576 | €207,523 | €234,962 | €328,306 | ▲ 39.7% |
| Land and buildings22 | - | - | €121,793 | €204,590 | €189,941 | ▼ 7.2% |
| Plant, machinery and equipment23 | - | - | €5,120 | €4,429 | €7,229 | ▲ 63.2% |
| Furniture and vehicles24 | - | - | €23,921 | €18,980 | €32,994 | ▲ 73.8% |
| Other tangible fixed assets26 | - | - | €56,690 | €6,962 | €98,141 | ▲ 1,310% |
| Financial fixed assets28 | €35,003 | €34,823 | €59,827 | €30,928 | €30,878 | ▼ 0.2% |
| Current assets29/58 | €20.3m | €18.1m | €17.1m | €20.9m | €17.3m | ▼ 17.3% |
| Amounts receivable after more than one year29 | - | - | €167,375 | €149,202 | €21,434 | ▼ 85.6% |
| Trade receivables290 | - | - | €2,043 | €0 | - | - |
| Other amounts receivable291 | - | - | €165,332 | €149,202 | €21,434 | ▼ 85.6% |
| Stocks and contracts in progress3 | €18.5m | €17.0m | €15.1m | €17.7m | €15.5m | ▼ 12.5% |
| Stocks30/36 | - | - | €15.1m | €17.7m | €15.5m | ▼ 12.5% |
| Amounts receivable within one year40/41 | €1.5m | €1.0m | €1.0m | €1.3m | €1.1m | ▼ 16.6% |
| Trade receivables40 | - | - | €240,299 | €516,652 | €242,613 | ▼ 53.0% |
| Other amounts receivable41 | - | - | €779,298 | €800,130 | €855,857 | ▲ 7.0% |
| Cash at bank and in hand54/58 | €319,969 | €50,801 | €720,845 | €1.3m | €637,417 | ▼ 51.3% |
| Deferred charges and accrued income490/1 | - | - | €36,381 | €450,225 | €74,019 | ▼ 83.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20.7m | €18.4m | €17.3m | €21.8m | €18.1m | ▼ 16.7% |
| Equity10/15 | €4.4m | €4.4m | €4.4m | €4.5m | €4.5m | ▲ 0.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €750,547 | €750,547 | €750,547 | €830,362 | €829,324 | ▼ 0.1% |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €79,815 | €78,777 | ▼ 1.3% |
| Distributable reserves133 | - | - | €744,347 | €744,347 | €744,347 | = |
| Profit (loss) carried forward14 | €3.6m | €3.5m | €3.6m | €3.6m | €3.7m | ▲ 1.1% |
| Provisions and deferred taxes16 | - | - | - | €26,605 | €26,259 | ▼ 1.3% |
| Deferred taxes168 | - | - | - | €26,605 | €26,259 | ▼ 1.3% |
| Amounts payable17/49 | €16.3m | €14.0m | €13.0m | €17.2m | €13.6m | ▼ 21.3% |
| Amounts payable after more than one year17 | €14.6m | €13.6m | €12.6m | €13.1m | €12.9m | ▼ 1.4% |
| Other amounts payable178/9 | - | - | €12.6m | €13.1m | €12.9m | ▼ 1.4% |
| Amounts payable within one year42/48 | €1.7m | €364,748 | €310,893 | €4.1m | €604,844 | ▼ 85.4% |
| Trade debts44 | €1.1m | €224,566 | €165,254 | €226,541 | €304,241 | ▲ 34.3% |
| Suppliers440/4 | - | - | €165,254 | €226,541 | €304,241 | ▲ 34.3% |
| Advances received on contracts in progress46 | - | - | €102,966 | €3.7m | €22,670 | ▼ 99.4% |
| Taxes, remuneration and social security45 | - | - | €42,673 | €91,773 | €61,103 | ▼ 33.4% |
| Taxes450/3 | - | - | €19,651 | €56,953 | €22,892 | ▼ 59.8% |
| Remuneration and social security454/9 | - | - | €23,022 | €34,820 | €38,211 | ▲ 9.7% |
| Other amounts payable47/48 | - | - | €0 | €86,183 | €216,829 | ▲ 152% |
| Accrued charges and deferred income492/3 | - | - | €23,126 | €9,670 | €56,584 | ▲ 485% |
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €215,449 | -€21,703 | €9,396 | €231,510 | €202,537 | ▼ 12.5% |
| + Depreciation and write-downs630 | €89,893 | €86,746 | €75,916 | €249,646 | €156,014 | ▼ 37.5% |
| Operating cash flow (approximation) | €305,342 | €65,042 | €85,312 | €481,156 | €358,552 | ▼ 25.5% |
| Investment in fixed assets (approximation) | - | -€5,085 | -€38,867 | - | -€132,231 | - |
| Change in cash | - | -€269,168 | €670,044 | - | -€671,695 | - |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 6current ratio 28.63
Current ratio from 5.05 to 28.63; short-term debt falls from €4.1m to €604,844.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €9,396
Net result €9,396 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€21,703
Net result drops to -€21,703, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 49.58
Current ratio from 12.03 to 49.58; short-term debt falls from €1.7m to €364,748.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 12.03
Current ratio from 2.95 to 12.03; short-term debt falls from €8.7m to €1.7m.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
21 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2012
Ground area
1,193 m²
Building footprint
172 m²
Volume, LiDAR
1,201 m³
Parcel 44062B0356/00B004, Flanders · tallest building 15.2 m, ±2 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
YNTRO
since 20122.213.130.818
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0356/00B004 | Flanders | 1,192 m² | 1 · 172 m² | 15.2 m · 2 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
- TWIN PROPERTIES PROJECTONTWIKKELINGsubsidiarySourceown accounts 2025Equity -€620,428Result -€56,86298.49%
-
28%
According to the 2025 annual accounts of Bedecom and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,189 EUR awarded · 4,969 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,590 EUR | 2,336 EUR |
| 2024 | 1 | 639 EUR | 563 EUR |
| 2023 | 1 | 96 EUR | 206 EUR |
| 2022 | 2 | 1,864 EUR | 1,864 EUR |
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 1,957 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
Founded20-02-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Contact
Website
www.yntro.beGent
E-mail
hallo@yntro.beGent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440234894
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.