Equity
Equity fell by 81% in 3 years.
Equity fell by 81% in 3 years.
Back in profit in 2025, after a loss of €104,402 in 2024.
The accounts state no turnover.
Of this, €239,962 falls due within a year.
In 2025, 178 short contracts started and 176 ended, on average 108 hours worked per contract. Staff averaged 12 full-time equivalents.
Nine of the last ten came late. The 2019 accounts came latest: 87 days after the end of the period.
The dashed line is the sector median: 0.2% across 422 companies (NACE 93, small).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, small). It does better than 22% of them on solvency, 25% on liquidity, 96% on profitability and 93% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 536 companies had the same profile as BEEN has now. Each dot stands for 2 companies, two years later.
That fits the bankruptcy probability of BEEN itself: 0.8% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 536 companies, not a prediction for BEEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.97 (0.67 in 2024), below 1. Short-term debt is 50.3% and cash 10.7% of total assets. 96.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BEEN Fexhe-le-Haut-Clocher | €477,153 | €652,948 | 3.8% | 12.2 |
| TODI Beringen | €506,258 | €439,899 | -232.3% | 14.2 |
| Hippopassion Tinlot | €333,397 | €602,258 | 76.7% | 11 |
| THE Dilsen-Stokkem | €806,630 | €443,750 | 14.0% | 11.1 |
| TAVERNE WOLFSTEE Herentals | €744,478 | €781,392 | 70.6% | 14.3 |
| The Karting Company Ghent | €892,216 | €872,086 | 30.7% | 11.4 |
| INDOORKARTING ANTWERPEN Antwerp | €869,563 | €538,672 | 19.6% | 16.4 |
These companies have the same main activity as BEEN: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €333,000 and €892,000, founded between 1996 and 2015.
BEEN files the abbreviated format. That format states no turnover. The gross margin rose from -€5,435 in 2010 to €652,948 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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