BEDICO
ActiveSummary
The computed 12-month bankruptcy probability of BEDICO is 1.6% (moderate). The 2024 annual accounts show equity of €55,365 and a net result of -€31. Equity is growing by ~65.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 8966 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-31
Solvency78▼-11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.91 in 2023; short-term debt: 21.4% and cash: 28% of total assets), and 46.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.2%
Return on assets
0%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
30 d early
2022
28 d late
2021
34 d early
2020
16 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€55,365▼ 0.1%
2023 · €55,397
Total assets
€104,007▲ 20.3%
2023 · €86,457
Net result
-€31
2023 · €43,056
Working capital
€21,919▼ 22.4%
2023 · €28,259
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€11,042▲ 285%€5,762▼ 47.8%€44,063▲ 665%€56,845▲ 29.0%€6,460▼ 88.6%
Net result€8,662▲ 279%€4,194▼ 51.6%€34,702▲ 728%€43,056▲ 24.1%-€31
Equity€13,445▲ 181%€17,638▲ 31.2%€12,341▼ 30.0%€55,397▲ 349%€55,365▼ 0.1%
Total assets€39,590▲ 29.6%€61,797▲ 56.1%€88,482▲ 43.2%€86,457▼ 2.3%€104,007▲ 20.3%
Debt€26,145▲ 1.5%€44,159▲ 68.9%€76,141▲ 72.4%€31,060▼ 59.2%€22,218▼ 28.5%
Working capital-€17,828-€8,858▲ 50.3%-€12,101▼ 36.6%€28,259€21,919▼ 22.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104,007
Fixed assets
€59,870 ▲ 121%
Current assets
€44,136 ▼ 25.6%
Equity and liabilities €104,007
Equity
€55,365 ▼ 0.1%
Provisions
€26,423
Debt
€22,218 ▼ 28.5%
Debt's share of the balance-sheet total falls from 35.9% to 21.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€22,006▼
2023 · €65,663
Cash flow
€15,514▼
2023 · €51,874
Current ratio
1.99▲
2023 · 1.91
Debt to equity
0.40▼
2023 · 0.56
ROE
-0.1%▼
2023 · 77.7%
ROA
0.0%▼
2023 · 49.8%
Interest coverage
239.11▼
2023 · 1549.40
Debt ≤ 1 year
€22,218▼
2023 · €31,060
Income taxes
€6,899▼
2023 · €13,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 3,440 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,075 | €6,375 | €7,628 | €8,818 | €15,546 | ▲ 76.3% |
| Other operating charges640/8 | - | €784 | €897 | €1,289 | €1,131 | ▼ 12.3% |
| Non-recurring operating charges66A | - | - | - | - | €26,423 | - |
| Gross operating margin9900 | €15,747 | €12,921 | €52,588 | €66,953 | €49,560 | ▼ 26.0% |
| Operating profit (loss)9901 | €11,042 | €5,762 | €44,063 | €56,845 | €6,460 | ▼ 88.6% |
| Financial income75/76B | - | - | - | - | €500 | - |
| Recurring financial income75 | €0 | - | - | - | €500 | - |
| Financial charges65/66B | - | €39 | €48 | €42 | €92 | ▲ 117% |
| Recurring financial charges65 | €68 | €39 | €48 | €42 | €92 | ▲ 117% |
| Profit (loss) for the period before taxes9903 | €10,974 | €5,723 | €44,015 | €56,803 | €6,868 | ▼ 87.9% |
| Income taxes67/77 | €2,312 | €1,529 | €9,313 | €13,747 | €6,899 | ▼ 49.8% |
| Profit (loss) for the period9904 | €8,662 | €4,194 | €34,702 | €43,056 | -€31 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €8,662 | €4,194 | €34,702 | €43,056 | -€31 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,590 | €61,797 | €88,482 | €86,457 | €104,007 | ▲ 20.3% |
| Fixed assets21/28 | €31,273 | €26,497 | €24,442 | €27,138 | €59,870 | ▲ 121% |
| Tangible fixed assets22/27 | €31,273 | €26,497 | €24,442 | €27,138 | €59,870 | ▲ 121% |
| Plant, machinery and equipment23 | - | €8,075 | €10,162 | €8,935 | €47,220 | ▲ 428% |
| Furniture and vehicles24 | - | €18,422 | €14,279 | €18,203 | €12,651 | ▼ 30.5% |
| Current assets29/58 | €8,317 | €35,300 | €64,041 | €59,319 | €44,136 | ▼ 25.6% |
| Amounts receivable within one year40/41 | €188 | €5,600 | €687 | €0 | €14,030 | - |
| Trade receivables40 | - | €5,130 | €0 | - | €10,929 | - |
| Other amounts receivable41 | - | €470 | €687 | €0 | €3,101 | - |
| Cash at bank and in hand54/58 | €6,499 | €27,980 | €62,596 | €57,652 | €29,152 | ▼ 49.4% |
| Deferred charges and accrued income490/1 | - | €1,720 | €757 | €1,666 | €954 | ▼ 42.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,590 | €61,797 | €88,482 | €86,457 | €104,007 | ▲ 20.3% |
| Equity10/15 | €13,445 | €17,638 | €12,341 | €55,397 | €55,365 | ▼ 0.1% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | - | - | €15,000 | €15,000 | = |
| Distributable reserves133 | - | - | - | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €10,945 | €15,138 | €9,841 | €37,897 | €37,865 | ▼ 0.1% |
| Provisions and deferred taxes16 | - | - | - | - | €26,423 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €26,423 | - |
| Environmental obligations163 | - | - | - | - | €26,423 | - |
| Amounts payable17/49 | €26,145 | €44,159 | €76,141 | €31,060 | €22,218 | ▼ 28.5% |
| Amounts payable within one year42/48 | €26,145 | €44,159 | €76,141 | €31,060 | €22,218 | ▼ 28.5% |
| Trade debts44 | €1,294 | €1,666 | €815 | €1,631 | €1,609 | ▼ 1.3% |
| Suppliers440/4 | - | €1,666 | €815 | €1,631 | €1,609 | ▼ 1.3% |
| Taxes, remuneration and social security45 | - | €4,456 | €5,747 | €9,452 | €8,455 | ▼ 10.5% |
| Taxes450/3 | - | €4,456 | €5,747 | €9,452 | €8,455 | ▼ 10.5% |
| Other amounts payable47/48 | - | €38,037 | €69,580 | €19,978 | €12,153 | ▼ 39.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,662 | €4,194 | €34,702 | €43,056 | -€31 | ▼ 100% |
| + Depreciation and write-downs630 | €4,075 | €6,375 | €7,628 | €8,818 | €15,546 | ▲ 76.3% |
| Operating cash flow (approximation) | €12,737 | €10,569 | €42,330 | €51,874 | €15,514 | ▼ 70.1% |
| Investment in fixed assets (approximation) | - | -€1,599 | -€5,573 | -€11,515 | -€48,278 | ▼ 319% |
| Change in cash | - | €21,481 | €34,616 | -€4,944 | -€28,501 | ▼ 476% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€31
Net result drops to -€31, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €43,056 ▲24.1%
Operating result €56,845, net result €43,056, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.91
Current ratio from 0.84 to 1.91; short-term debt falls from €76,141 to €31,060.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ingelmunster · 1 establishment unit since 2019
Ground area
447 m²
Building footprint
105 m²
Volume, LiDAR
763 m³
Parcel 36007C0049/00C002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BEDICO
since 20192.289.709.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007C0049/00C002 | Flanders | 447 m² | 1 · 105 m² | 9.8 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 855 EUR awarded · 855 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 855 EUR |
| 2023 | 1 | 855 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
98450082AD1E565B4D73
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,515 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727416559
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.