BEDOC
ActiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 29-10-2026 at the NBB all 25 filings
Turnover
≈ €840,000
Estimated: probably between €730,000 and €1.0m
Total assets
€3.9m▲ 0.7%
2025 · €3.8m
Net result
-€26,743
2025 · €64,141
Working capital
-€1.6m▼ 16.9%
2025 · -€1.4m
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is 81% lower than in 2025 and the lowest since 2022. It is the fourth fall in a row.
Operating result€0.03m
2026
Net result-€0.03m
2026
Total assets€3.9m
2026
Equity€0.9m
2026
Debt€3.0m
2026
Working capital-€1.6m
2026
Return on assets (ROA)-0.7%
2026
Solvency22.3%
2026
Current ratio0.15
2026
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.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.08m-€0.3m▲ 310%€0.3m▲ 4.5%€0.4m▲ 10.6%€0.3m▼ 23.5%€0.1m▼ 45.5%€0.1m▼ 3.1%€0.03m▼ 81.0%
Net result€0.003m-€0.1m▲ 44×€0.2mabove the sector's middle half▲ 16.2%€0.2mabove the sector's middle half▲ 8.0%€0.1mwithin the sector's middle half▼ 34.2%€0.002mbelow the sector's middle half▼ 98.6%€0.06mwithin the sector's middle half▲ 38×-€0.03m
Equity€0.7m-€0.8m▲ 21.1%€1.0mabove the sector's middle half▲ 20.3%€0.8mabove the sector's middle half▼ 17.9%€1.0mabove the sector's middle half▲ 14.6%€0.8mabove the sector's middle half▼ 14.0%€0.9mabove the sector's middle half▲ 7.8%€0.9m▼ 3.0%
Total assets€2.8m-€3.6m▲ 27.6%€3.6mabove the sector's middle half▲ 0.5%€4.0mabove the sector's middle half▲ 10.7%€3.9mabove the sector's middle half▼ 1.8%€3.5mabove the sector's middle half▼ 10.2%€3.8mabove the sector's middle half▲ 8.8%€3.9m▲ 0.7%
Debt€2.1m-€2.8m▲ 29.7%€2.6m▼ 5.5%€3.2m▲ 21.9%€3.0m▼ 6.2%€2.7m▼ 9.0%€3.0m▲ 9.1%€3.0m▲ 1.9%
Working capital-€0.6m-€0.1m-€0.7mbelow the sector's middle half-€0.9mbelow the sector's middle half▼ 41.1%-€1.2mbelow the sector's middle half▼ 33.6%-€1.4mbelow the sector's middle half▼ 17.5%-€1.4mbelow the sector's middle half▲ 2.5%-€1.6m▼ 16.9%
Solvency24.8%-23.6%▼ 1.3pp28.2%within the sector's middle half▲ 4.6pp20.9%below the sector's middle half▼ 7.3pp24.4%within the sector's middle half▲ 3.5pp23.4%below the sector's middle half▼ 1.0pp23.2%below the sector's middle half▼ 0.2pp22.3%▼ 0.9pp
Current ratio0.21-1.16▲ 0.950.32below the sector's middle half▼ 0.840.50below the sector's middle half▲ 0.180.36below the sector's middle half▼ 0.150.27below the sector's middle half▼ 0.090.28below the sector's middle half▲ 0.010.15▼ 0.13
Return on assets (ROA)0.1%-4.1%▲ 4.0pp4.7%within the sector's middle half▲ 0.6pp4.6%within the sector's middle half▼ 0.1pp3.1%within the sector's middle half▼ 1.5pp0.0%below the sector's middle half▼ 3.1pp1.7%within the sector's middle half▲ 1.6pp-0.7%▼ 2.4pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €3.9m
Fixed assets
€3.6m ▲ 8.4%
Current assets
€291,503 ▼ 46.1%
Equity and liabilities €3.9m
Equity
€863,041 ▼ 3.0%
Debt
€3.0m ▲ 1.9%
Debt's share of the balance-sheet total rises from 76.8% to 77.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€334,152▼
2025 · €515,981
Cash flow
€279,955▼
2025 · €435,812
Debt to equity
3.48▲
2025 · 3.32
ROE
-3.1%▼
2025 · 7.2%
Interest coverage
8.17▼
2025 · 10.58
Debt ≤ 1 year
€1.9m▼
2025 · €1.9m
Debt > 1 year
€1.1m▲
2025 · €1.0m
Income taxes
€13,323▼
2025 · €31,423
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.6m | €1.1m | €762,645 | €1.3m | €1.3m |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | €5.5m | €5.5m | €5.5m | €3.4m | €5.5m |
| Carrying value of the mortgaged assets | €2.9m | €3.0m | €1.1m | €991,844 | €920,726 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,991 | €458,844 | €46,613 | €673,332 | €584,535 |
| Depreciation and write-downs of the year | €258,415 | €272,816 | €292,547 | €371,671 | €306,698 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as BEDOC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €2.7m and €3.9m, founded between 1997 and 2005.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| BEDOC Roeselare | 2001 | €3.9m | €0.9m | €0.4m | -€0.03m | - | 2026 |
| ABC ELECTRONICS Kruisem | 2000 | €3.9m | €1.2m | €0.4m | €0.2m | - | 2025 |
| MIRAGE Asse | 1997 | €3.4m | €2.9m | €0.4m | €0.2m | 1 | 2025 |
| MARO Ravels | 1998 | €3.5m | €1.8m | €0.3m | €0.1m | - | 2025 |
| DELGA INVEST Tielt | 2002 | €3.1m | €0.2m | €0.5m | €211 | 6.1 | 2025 |
| KARL TAELMAN Waregem | 2005 | €2.7m | €0.8m | €0.3m | €0.1m | 2 | 2025 |
| ALGEMENE ELECTRICITEITSWERKEN DANY TINDEMANS Temse | 2000 | €3.9m | €3.8m | €0.5m | €0.4m | 1 | 2025 |
They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €34,644 | €42,447 | €108,382 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €192,368 | €202,385 | €249,080 | €258,415 | €272,816 | €292,547 | €371,671 | €306,698 | ▼ 17.5% |
| Other operating charges640/8 | - | - | - | €30,971 | €92,679 | €36,317 | €36,365 | €41,477 | ▲ 14.1% |
| Non-recurring operating charges66A | - | - | - | - | €3,441 | - | - | - | - |
| Gross operating margin9900 | €310,821 | €541,494 | €849,475 | €646,459 | €642,247 | €477,837 | €552,346 | €375,629 | ▼ 32.0% |
| Operating profit (loss)9901 | €75,348 | €308,873 | €322,723 | €357,073 | €273,311 | €148,972 | €144,310 | €27,454 | ▼ 81.0% |
| Financial income75/76B | - | - | - | €2,019 | €2,955 | €21 | €5 | €5 | = |
| Recurring financial income75 | €0 | €2,596 | €813 | €2,019 | €2,955 | €21 | €5 | €5 | = |
| Financial charges65/66B | - | - | - | €52,119 | €78,681 | €54,092 | €48,751 | €40,879 | ▼ 16.1% |
| Recurring financial charges65 | €44,277 | €42,402 | €37,723 | €52,119 | €78,681 | €54,092 | €48,751 | €40,879 | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €31,071 | €269,067 | €285,814 | €306,973 | €197,585 | €94,900 | €95,564 | -€13,420 | - |
| Income taxes67/77 | €27,734 | €121,249 | €113,994 | €121,341 | €75,476 | €93,198 | €31,423 | €13,323 | ▼ 57.6% |
| Profit (loss) for the period9904 | €3,337 | €147,818 | €171,820 | €185,631 | €122,109 | €1,703 | €64,141 | -€26,743 | - |
| Profit (loss) for the period to be appropriated9905 | €3,337 | €147,818 | €190,570 | €185,631 | €122,109 | €1,703 | €64,141 | -€26,743 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €3.6m | €3.6m | €4.0m | €3.9m | €3.5m | €3.8m | €3.9m | ▲ 0.7% |
| Fixed assets21/28 | €2.7m | €2.6m | €3.3m | €3.1m | €3.3m | €3.0m | €3.3m | €3.6m | ▲ 8.4% |
| Tangible fixed assets22/27 | €2.7m | €2.6m | €3.3m | €3.1m | €3.3m | €3.0m | €3.3m | €3.6m | ▲ 8.4% |
| Land and buildings22 | - | - | - | €3.1m | €3.2m | €2.9m | €3.2m | €3.3m | ▲ 3.2% |
| Plant, machinery and equipment23 | - | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 20.8% |
| Furniture and vehicles24 | - | - | - | - | €0.09m | €0.05m | €0.05m | €0.2m | ▲ 369% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Financial fixed assets28 | €7 | €7 | €7 | €7 | €7 | €7 | €7 | - | - |
| Current assets29/58 | €0.2m | €1.0m | €0.3m | €0.9m | €0.7m | €0.5m | €0.5m | €0.3m | ▼ 46.1% |
| Stocks and contracts in progress3 | €0.03m | €0.7m | €0.008m | €0.5m | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0.5m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.1m | €0.05m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 4.1% |
| Trade receivables40 | - | - | - | €0.05m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 25.8% |
| Other amounts receivable41 | - | - | - | €15 | €0.03m | €0.06m | €0.06m | €0.02m | ▼ 68.0% |
| Cash at bank and in hand54/58 | €0.03m | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | €0.008m | ▼ 97.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.008m | €0.009m | €0.03m | €0.02m | €0.03m | ▲ 80.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €3.6m | €3.6m | €4.0m | €3.9m | €3.5m | €3.8m | €3.9m | ▲ 0.7% |
| Equity10/15 | €0.7m | €0.8m | €1.0m | €0.8m | €1.0m | €0.8m | €0.9m | €0.9m | ▼ 3.0% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.7m | €0.8m | €1.0m | €0.8m | €0.9m | €0.8m | €0.9m | €0.8m | ▼ 3.0% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.8m | €0.9m | €0.8m | €0.9m | €0.8m | ▼ 3.0% |
| Profit (loss) carried forward14 | €352 | €371 | €441 | €472 | €472 | €475 | €0.001m | - | - |
| Amounts payable17/49 | €2.1m | €2.8m | €2.6m | €3.2m | €3.0m | €2.7m | €3.0m | €3.0m | ▲ 1.9% |
| Amounts payable after more than one year17 | €1.3m | €1.9m | €1.6m | €1.3m | €1.1m | €0.7m | €1.0m | €1.1m | ▲ 6.7% |
| Financial debts170/4 | - | - | - | €1.3m | €1.1m | €0.7m | €1.0m | €1.1m | ▲ 6.7% |
| Amounts payable within one year42/48 | €0.8m | €0.9m | €1.0m | €1.8m | €1.9m | €2.0m | €1.9m | €1.9m | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.02m | €0.02m | €0.06m | €0.08m | ▲ 29.2% |
| Financial debts43 | - | - | - | €0.5m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 62.1% |
| Credit institutions430/8 | - | - | - | €0.5m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 62.1% |
| Trade debts44 | - | €0.02m | €0.007m | €0.08m | €0.09m | €0.04m | €0.02m | €0.03m | ▲ 20.6% |
| Suppliers440/4 | - | - | - | €0.08m | €0.09m | €0.04m | €0.02m | €0.03m | ▲ 20.6% |
| Advances received on contracts in progress46 | - | - | - | €0.005m | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.1m | €0.07m | €0.08m | €0.06m | ▼ 25.7% |
| Taxes450/3 | - | - | - | €0.03m | €0.1m | €0.07m | €0.08m | €0.04m | ▼ 51.7% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.009m | - | - | €0.02m | - |
| Other amounts payable47/48 | - | - | - | €0.9m | €1.4m | €1.5m | €1.6m | €1.7m | ▲ 7.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,337 | €147,818 | €171,820 | €185,631 | €122,109 | €1,703 | €64,141 | -€26,743 | - |
| + Depreciation and write-downs630 | €192,368 | €202,385 | €249,080 | €258,415 | €272,816 | €292,547 | €371,671 | €306,698 | ▼ 17.5% |
| Operating cash flow (approximation) | €195,705 | €350,203 | €420,901 | €444,047 | €394,925 | €294,250 | €435,812 | €279,955 | ▼ 35.8% |
| Investment in fixed assets (approximation) | - | -€126,815 | -€984,168 | -€26,991 | -€448,034 | -€45,560 | -€664,067 | -€584,528 | ▲ 12.0% |
| Change in cash | - | €194,206 | -€36,715 | €155,262 | €54,011 | -€102,002 | -€13,686 | -€274,646 | ▼ 1,907% |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 29-10-2026 | 2026-00594829 | NBB |
| 31-03-2025 | abbreviated format | 10-07-2025 | 2025-00260811 | |
| 31-03-2024 | abbreviated format | 24-06-2024 | 2024-00171884 | |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00500384 | |
| 31-03-2022 | abbreviated format | 12-09-2022 | 2022-20428364 | |
| 31-03-2021 | abbreviated format | 29-10-2021 | 2021-75400547 | |
| 31-03-2020 | abbreviated format | 17-07-2020 | 2020-31400366 | |
| 31-03-2019 | abbreviated format | 27-06-2019 | 2019-23600476 | |
| 31-03-2018 | abbreviated format | 11-06-2018 | 2018-17500315 | |
| 31-03-2017 | abbreviated format | 19-07-2017 | 2017-34000439 |