BEE Real
ActiveSummary
BEE Real has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€3,973. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 144 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-3
Solvency100=
Growth45=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 4.82 in 2024; short-term debt: 2.4% and cash: 1.4% of total assets), and 2.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
97.6%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 28-12-2025 was due by 28-07-2026 and was filed on 17-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
3 d late
2023
2 d early
2022
10 d early
2021
14 d early
2020
20 d early
2018
32 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 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 28-12-2026 and is due by 28-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today28-12-2026 close28-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#9 company by equity in Hainaut, Wood and cork sector
Turnover
€0▼ 100%
2023 · €2.7m
EBIT margin
1.0%▼ 9.8pp
2022 · 10.8%
Net result
-€3,973
2024 · €11,399
Working capital
€674▼ 97.0%
2024 · €22,240
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
Line20212022202320242025
Turnover€1.6m▼ 43.0%€2.8m▲ 74.5%€2.7m▼ 2.1%€0▼ 100%
Operating result-€90,862▲ 36.1%€300,768€26,841▼ 91.1%€15,592▼ 41.9%-€2,599
Net result€68,312▼ 65.9%€457,363▲ 570%€144,478▼ 68.4%€11,399▼ 92.1%-€3,973
EBIT margin-5.7%▼ 0.6pp10.8%▲ 16.5pp1.0%▼ 9.8pp
Equity€9.7m▲ 0.7%€10.1m▲ 4.7%€10.3m▲ 1.4%€1.1m▼ 89.4%€1.1m▼ 0.4%
Total assets€9.8m▼ 1.5%€10.3m▲ 5.2%€10.7m▲ 3.9%€1.1m▼ 89.7%€1.1m▲ 1.5%
Debt€75,544▼ 74.5%€124,920▲ 65.4%€385,870▲ 209%€5,815▼ 98.5%€26,648▲ 358%
Working capital€8.7m▲ 0.6%€9.1m▲ 5.1%€9.2m▲ 1.4%€22,240▼ 99.8%€674▼ 97.0%
Staff (FTE)0.9▼ 91.1%0.9=0.9=0.6▼ 33.3%0▼ 100%
Why a figure moved sharply
- 2021 Net result -66% on 2020. The previous fiscal year ran 24 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,599 after €15,592 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▲ 1.6%
Current assets
€27,322 ▼ 2.6%
Equity and liabilities €1.1m
Equity
€1.1m ▼ 0.4%
Debt
€26,648 ▲ 358%
Debt's share of the balance-sheet total rises from 0.5% to 2.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.03▼
2024 · 4.82
Debt to equity
0.02▲
2024 · 0.01
ROE
-0.4%▼
2024 · 1.0%
ROA
-0.4%▼
2024 · 1.0%
Debt ≤ 1 year
€26,648▲
2024 · €5,815
Income taxes
-€0▼
2024 · €4,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.5%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 2,685 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.6m | €2.8m | €2.7m | €17,593 | €18,858 | ▲ 7.2% |
| Turnover70 | €1.6m | €2.8m | €2.7m | €0 | - | - |
| Other operating income74 | €2,100 | €2,499 | €2,691 | €0 | €1,265 | - |
| Non-recurring operating income76A | €17,593 | €17,593 | €17,593 | €17,593 | €17,593 | = |
| Operating charges60/66A | €1.7m | €2.5m | €2.7m | €2,001 | €21,457 | ▲ 972% |
| Goods for resale, raw materials and consumables60 | €1.0m | €1.8m | €1.8m | €0 | €1,555 | - |
| Purchases600/8 | €1.0m | €1.8m | €1.8m | €0 | €1,555 | - |
| Services and other goods61 | €303,448 | €417,165 | €561,792 | €0 | €18,113 | - |
| Remuneration, social security and pensions62 | €314,231 | €276,344 | €382,912 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,242 | €1,242 | €1,242 | €0 | - | - |
| Other operating charges640/8 | €3,062 | €3,638 | €4,014 | €2,001 | €1,790 | ▼ 10.6% |
| Non-recurring operating charges66A | €47,024 | - | - | - | - | - |
| Operating profit (loss)9901 | -€90,862 | €300,768 | €26,841 | €15,592 | -€2,599 | ▼ 117% |
| Financial income75/76B | €170,634 | €174,805 | €177,862 | €0 | - | - |
| Recurring financial income75 | €170,634 | €174,805 | €177,862 | €0 | - | - |
| Income from current assets751 | €170,628 | €174,799 | €177,858 | €0 | - | - |
| Other financial income752/9 | €6 | €6 | €3 | €0 | - | - |
| Financial charges65/66B | €11,461 | €18,003 | €23,026 | €43 | €1,374 | ▲ 3,111% |
| Recurring financial charges65 | €11,461 | €18,003 | €23,026 | €43 | €1,374 | ▲ 3,111% |
| Debt charges650 | €413 | €834 | €1,556 | €0 | - | - |
| Other financial charges652/9 | €11,047 | €17,169 | €21,471 | €43 | €1,374 | ▲ 3,111% |
| Profit (loss) for the period before taxes9903 | €68,312 | €457,570 | €181,677 | €15,549 | -€3,974 | ▼ 126% |
| Income taxes67/77 | - | €207 | €37,199 | €4,150 | -€0 | ▼ 100% |
| Taxes670/3 | - | €207 | €37,199 | €4,150 | €0 | ▼ 100% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €68,312 | €457,363 | €144,478 | €11,399 | -€3,973 | ▼ 135% |
| Profit (loss) for the period to be appropriated9905 | €68,312 | €457,363 | €144,478 | €11,399 | -€3,973 | ▼ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.8m | €10.3m | €10.7m | €1.1m | €1.1m | ▲ 1.5% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | ▲ 1.6% |
| Intangible fixed assets21 | €3,724 | €2,482 | €1,240 | €0 | - | - |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | ▲ 1.6% |
| Other tangible fixed assets26 | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | ▲ 1.6% |
| Current assets29/58 | €8.7m | €9.2m | €9.6m | €28,056 | €27,322 | ▼ 2.6% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €8.7m | €9.0m | €9.5m | €14,598 | €11,696 | ▼ 19.9% |
| Trade receivables40 | €100,904 | €245,497 | €203,667 | €0 | €8,265 | - |
| Other amounts receivable41 | €8.5m | €8.8m | €9.3m | €14,598 | €3,431 | ▼ 76.5% |
| Cash at bank and in hand54/58 | €88,569 | €196,269 | €106,124 | €13,458 | €15,626 | ▲ 16.1% |
| Deferred charges and accrued income490/1 | €834 | €152 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.8m | €10.3m | €10.7m | €1.1m | €1.1m | ▲ 1.5% |
| Equity10/15 | €9.7m | €10.1m | €10.3m | €1.1m | €1.1m | ▼ 0.4% |
| Contributions10/11 | €10.2m | €10.2m | €10.2m | €1.1m | €1.1m | = |
| Capital10 | €10.2m | €10.2m | €10.2m | €1.1m | €1.1m | = |
| Issued capital100 | €10.2m | €10.2m | €10.2m | €1.1m | €1.1m | = |
| Reserves13 | - | - | €6,243 | €1,226 | €1,226 | = |
| Non-distributable reserves130/1 | - | - | €6,243 | €1,226 | €1,226 | = |
| Legal reserve130 | - | - | €6,243 | €1,226 | €1,226 | = |
| Profit (loss) carried forward14 | -€476,975 | -€19,612 | €118,622 | €23,296 | €19,323 | ▼ 17.1% |
| Amounts payable17/49 | €75,544 | €124,920 | €385,870 | €5,815 | €26,648 | ▲ 358% |
| Amounts payable within one year42/48 | €75,544 | €124,920 | €383,870 | €5,815 | €26,648 | ▲ 358% |
| Financial debts43 | €1,906 | - | - | - | - | - |
| Credit institutions430/8 | €1,906 | - | - | - | - | - |
| Trade debts44 | €34,048 | €102,782 | €312,943 | €1,665 | €6,286 | ▲ 277% |
| Suppliers440/4 | €34,048 | €102,782 | €312,943 | €1,665 | €6,286 | ▲ 277% |
| Taxes, remuneration and social security45 | €39,590 | €9,421 | €52,197 | €4,150 | €0 | ▼ 100% |
| Taxes450/3 | €28,020 | - | €36,950 | €4,150 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €11,570 | €9,421 | €15,247 | €0 | - | - |
| Other amounts payable47/48 | - | €12,717 | €18,730 | €0 | €20,362 | - |
| Accrued charges and deferred income492/3 | - | - | €2,000 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,312 | €457,363 | €144,478 | €11,399 | -€3,973 | ▼ 135% |
| + Depreciation and write-downs630 | €1,242 | €1,242 | €1,242 | €0 | - | - |
| Operating cash flow (approximation) | €69,554 | €458,605 | €145,720 | €11,399 | -€3,973 | ▼ 135% |
| Investment in fixed assets (approximation) | - | -€17,593 | -€17,593 | -€16,353 | -€17,593 | ▼ 7.6% |
| Change in cash | - | €107,699 | -€90,144 | -€92,666 | €2,168 | ▲ 102% |
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-12
Financial
Weakest financial yearnet -€3,973
Net result drops to -€3,973, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 3 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-12
Financial
Highest result since 2018net €457,363 ▲570%
Operating result €300,768, net result €457,363, both a record.
28-12
Financial
Equity above €10mEq €10.1m ▲4.7%
4 profitable years in a row build equity to €10.1m.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-12
Financial
Liquidity quadruplescurrent ratio 115.69
Current ratio from 30.12 to 115.69; short-term debt falls from €295,802 to €75,544.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-12
Financial
Liquidity times 17current ratio 30.12
Current ratio from 1.80 to 30.12; short-term debt falls from €523,027 to €295,802.
28-12
Financial
Equity above €5mEq €9.6m ▲2,207%
2 profitable years in a row build equity to €9.6m.
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Mouscron · 2 establishment units since 2011
Ground area
3.6 ha
Building footprint
2.0 ha
Volume, LiDAR
3,632 m³
2 parcels, Flanders, Wallonia · tallest building 12.3 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
BEE
since 20112.199.826.178
BEE
since 20112.206.374.470
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54432C0922/00C000 | Wallonia | 3.3 ha | 1 · 1.9 ha | - |
| 34354D0139/00D000 | Flanders | 3,251 m² | 1 · 328 m² | 12.3 m · 4 fl. |
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.
Structure & network
Owners and holdings
2 ownersChain of control
- DEJAGER INVESTMENT GROUP
- EUROPAL
- BEE Real
Highest known parent: DEJAGER INVESTMENT GROUP. The sources do not say who stands above it.
Owners 2
-
95.57%
-
4.42%
Holdings 0
The accounts to 28-12-2022 list no holdings, and no other source names one.
According to the annual accounts to 28-12-2022 of BEE Real 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.
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Of 105 companies in sector 16210 we hold annual accounts for 75. 51 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
Founded16-06-2011
Fiscal year end28-12
Activities, NACEBEL 2025
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
17250Manufacture of paper and paper products
46832Wholesale of timber
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837025965
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.