BEDICO
ActiveSummary
BEDICO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €237,797 and a net result of -€16,051. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 59% of 9527 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-6
Solvency86▲+1
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.65 in 2023; short-term debt: 39.4% and cash: 20.1% of total assets), and 39.4% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
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
60.6%
Return on assets
-4.1%
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 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
29 d late
2022
29 d late
2021
12 d early
2020
23 d late
2019
54 d late
← 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 19 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€237,797▼ 6.3%
2023 · €253,848
Total assets
€392,605▼ 6.9%
2023 · €421,604
Net result
-€16,051
2023 · €2,944
Working capital
-€44,240▲ 23.8%
2023 · -€58,042
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20202021202220232024
Operating result€6,372▼ 56.2%-€3,258€4,109€4,307▲ 4.8%-€15,746
Net result€2,269within the sector's middle half▲ 16.4%-€6,428below the sector's middle half€3,298within the sector's middle half€2,944within the sector's middle half▼ 10.7%-€16,051below the sector's middle half
Equity€254,034above the sector's middle half▲ 0.9%€247,606above the sector's middle half▼ 2.5%€250,904above the sector's middle half▲ 1.3%€253,848above the sector's middle half▲ 1.2%€237,797above the sector's middle half▼ 6.3%
Total assets€485,021above the sector's middle half▼ 11.6%€456,539above the sector's middle half▼ 5.9%€426,841above the sector's middle half▼ 6.5%€421,604above the sector's middle half▼ 1.2%€392,605above the sector's middle half▼ 6.9%
Debt€230,987▼ 22.2%€208,933▼ 9.5%€175,938▼ 15.8%€167,756▼ 4.7%€154,808▼ 7.7%
Working capital-€136,899below the sector's middle half▲ 13.1%-€117,488below the sector's middle half▲ 14.2%-€82,762below the sector's middle half▲ 29.6%-€58,042below the sector's middle half▲ 29.9%-€44,240below the sector's middle half▲ 23.8%
Solvency52.4%within the sector's middle half▲ 6.5pp54.2%within the sector's middle half▲ 1.9pp58.8%within the sector's middle half▲ 4.5pp60.2%within the sector's middle half▲ 1.4pp60.6%within the sector's middle half▲ 0.4pp
Current ratio0.36below the sector's middle half▼ 0.040.42below the sector's middle half▲ 0.060.53below the sector's middle half▲ 0.110.65below the sector's middle half▲ 0.120.71below the sector's middle half▲ 0.06
Return on assets (ROA)0.5%within the sector's middle half▲ 0.1pp-1.4%below the sector's middle half▼ 1.9pp0.8%within the sector's middle half▲ 2.2pp0.7%within the sector's middle half▼ 0.1pp-4.1%below the sector's middle half▼ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15,746 after €4,307 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €392,605
Fixed assets
€282,037 ▼ 9.6%
Current assets
€110,568 ▲ 0.8%
Equity and liabilities €392,605
Equity
€237,797 ▼ 6.3%
Debt
€154,808 ▼ 7.7%
Debt's share of the balance-sheet total falls from 39.8% to 39.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,107▼
2023 · €34,379
Cash flow
€13,802▼
2023 · €33,016
Debt to equity
0.65▼
2023 · 0.66
ROE
-6.7%▼
2023 · 1.2%
Interest coverage
40.43▼
2023 · 74.78
Debt ≤ 1 year
€154,808▼
2023 · €167,756
Income taxes
€200▼
2023 · €903
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 12,321 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,568 | €37,486 | €37,322 | €30,071 | €29,853 | ▼ 0.7% |
| Other operating charges640/8 | - | €2,724 | €2,937 | €3,008 | €3,241 | ▲ 7.7% |
| Gross operating margin9900 | €48,460 | €36,952 | €44,368 | €37,387 | €17,348 | ▼ 53.6% |
| Operating profit (loss)9901 | €6,372 | -€3,258 | €4,109 | €4,307 | -€15,746 | ▼ 466% |
| Financial income75/76B | - | - | - | - | €244 | - |
| Recurring financial income75 | - | - | - | - | €244 | - |
| Financial charges65/66B | - | €2,990 | €621 | €460 | €349 | ▼ 24.1% |
| Recurring financial charges65 | €3,932 | €2,990 | €621 | €460 | €349 | ▼ 24.1% |
| Profit (loss) for the period before taxes9903 | €2,440 | -€6,248 | €3,487 | €3,848 | -€15,851 | ▼ 512% |
| Income taxes67/77 | €171 | €180 | €190 | €903 | €200 | ▼ 77.9% |
| Profit (loss) for the period9904 | €2,269 | -€6,428 | €3,298 | €2,944 | -€16,051 | ▼ 645% |
| Profit (loss) for the period to be appropriated9905 | €2,269 | -€6,428 | €3,298 | €2,944 | -€16,051 | ▼ 645% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485,021 | €456,539 | €426,841 | €421,604 | €392,605 | ▼ 6.9% |
| Fixed assets21/28 | €407,488 | €370,002 | €333,665 | €311,890 | €282,037 | ▼ 9.6% |
| Tangible fixed assets22/27 | €407,488 | €370,002 | €333,665 | €311,890 | €282,037 | ▼ 9.6% |
| Land and buildings22 | - | €352,601 | €325,850 | €306,524 | €278,346 | ▼ 9.2% |
| Plant, machinery and equipment23 | - | €9,152 | €7,040 | €5,365 | €3,691 | ▼ 31.2% |
| Furniture and vehicles24 | - | €8,249 | €776 | €0 | - | - |
| Current assets29/58 | €77,533 | €86,537 | €93,176 | €109,714 | €110,568 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €37,024 | €21,654 | €42,909 | €44,043 | €31,834 | ▼ 27.7% |
| Trade receivables40 | - | €19,827 | €40,000 | €40,000 | €28,864 | ▼ 27.8% |
| Other amounts receivable41 | - | €1,827 | €2,909 | €4,043 | €2,970 | ▼ 26.5% |
| Cash at bank and in hand54/58 | €40,509 | €64,883 | €50,267 | €65,671 | €78,735 | ▲ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485,021 | €456,539 | €426,841 | €421,604 | €392,605 | ▼ 6.9% |
| Equity10/15 | €254,034 | €247,606 | €250,904 | €253,848 | €237,797 | ▼ 6.3% |
| Contributions10/11 | - | €150,500 | €150,500 | €165,550 | €165,550 | = |
| Reserves13 | €76,607 | €76,607 | €76,607 | €61,557 | €61,557 | = |
| Non-distributable reserves130/1 | - | €15,050 | €15,050 | €0 | - | - |
| Reserves not available under the articles1311 | - | €15,050 | €15,050 | €0 | - | - |
| Distributable reserves133 | - | €61,557 | €61,557 | €61,557 | €61,557 | = |
| Profit (loss) carried forward14 | €26,927 | €20,499 | €23,797 | €26,741 | €10,690 | ▼ 60.0% |
| Amounts payable17/49 | €230,987 | €208,933 | €175,938 | €167,756 | €154,808 | ▼ 7.7% |
| Amounts payable after more than one year17 | €14,365 | €2,920 | - | - | - | - |
| Financial debts170/4 | - | €2,920 | - | - | - | - |
| Amounts payable within one year42/48 | €214,432 | €204,025 | €175,938 | €167,756 | €154,808 | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | - | €11,445 | €2,920 | €0 | - | - |
| Trade debts44 | €101 | €48 | €45 | €4,198 | €309 | ▼ 92.6% |
| Suppliers440/4 | - | €48 | €45 | €4,198 | €309 | ▼ 92.6% |
| Taxes, remuneration and social security45 | - | €16 | - | - | €780 | - |
| Taxes450/3 | - | €16 | - | - | €780 | - |
| Other amounts payable47/48 | - | €192,515 | €172,973 | €163,558 | €153,719 | ▼ 6.0% |
| Accrued charges and deferred income492/3 | - | €1,988 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,269 | -€6,428 | €3,298 | €2,944 | -€16,051 | ▼ 645% |
| + Depreciation and write-downs630 | €38,568 | €37,486 | €37,322 | €30,071 | €29,853 | ▼ 0.7% |
| Operating cash flow (approximation) | €40,837 | €31,058 | €40,620 | €33,016 | €13,802 | ▼ 58.2% |
| Investment in fixed assets (approximation) | - | €0 | -€986 | -€8,296 | €0 | ▲ 100% |
| Change in cash | - | €24,374 | -€14,616 | €15,404 | €13,063 | ▼ 15.2% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €3,298
Net result €3,298 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €1,950
Net result €1,950 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Vielsalm · 1 establishment unit since 2003
Ground area
3,480 m²
Building footprint
332 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
BEDICO
since 20032.174.204.520
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82032B1693/00D000 | Wallonia | 2,580 m² | 1 · 178 m² | - |
| 82032E0474/00C002 | Wallonia | 900 m² | 1 · 155 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,382 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
Founded21-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
82100Office administrative and support services
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861765816
Also
9925:BE0861765816
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.