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BEFER SERVICES

Active
Private limited company (pre-2019)founded 1990active for 35 yearsRue des Ry de Ry(Wal) 60, 5650 Walcourt, BelgiumKBO/BCE: BE 0441.942.589
Summary

BEFER SERVICES has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€337,841) and a net result of -€15,716. Equity is shrinking by about 35% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.5% (low).

Financials · financial year 2025, micro format

Equity
-€337,841▼ 4.9%
2024 · -€322,125
Total assets
€210,986▲ 19.8%
2024 · €176,074
Net result
-€15,716
2024 · €1,124
Working capital
-€339,784▼ 2.5%
2024 · -€331,568
Trend over the years

2020 to 2025, 5 financial years 2018 to 2025, 7 financial years

The operating result turns negative in 2025: a loss of €15,550 after €1,095 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€15,550 2025 Net result-€15,716 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220242025
Operating result€6,776--€45,459-€53,429▼ 17.5%-€34,650▲ 35.1%-€122,531▼ 254%€1,095--€15,550
Net result€2,339--€46,030-€57,231▼ 24.3%-€47,065▲ 17.8%-€124,312▼ 164%€1,124--€15,716
Equity€904--€45,127-€102,357▼ 127%-€149,422▼ 46.0%-€273,734▼ 83.2%-€322,125--€337,841▼ 4.9%
Total assets€40,942-€294,899▲ 620%€522,785▲ 77.3%€577,706▲ 10.5%€228,605▼ 60.4%€176,074-€210,986▲ 19.8%
Debt€40,039-€340,026▲ 749%€625,143▲ 83.9%€727,128▲ 16.3%€502,339▼ 30.9%€498,199-€548,827▲ 10.2%
Working capital-€30,752--€315,688▼ 927%-€106,098▲ 66.4%-€213,372▼ 101%-€324,919▼ 52.3%-€331,568--€339,784▼ 2.5%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €210,986
Fixed assets €1,943 ▼ 79.4%
Current assets €209,043 ▲ 25.5%
Equity and liabilities
Equity-€337,841
Debt€548,827
Equity is negative: debt (€548,827) exceeds the balance-sheet total (€210,986).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€8,049▼
2024 · €9,225
Cash flow
-€8,215▼
2024 · €9,254
Solvency
-160.1%▲
2024 · -182.9%
Current ratio
0.38▲
2024 · 0.33
Quick ratio
0.07▼
2024 · 0.10
ROA
-7.4%▼
2024 · 0.6%
Interest coverage
-48.54▼
2024 · 53.99
Debt ≤ 1 year
€548,827▲
2024 · €498,199
Staff costs
€0▼
2024 · €61
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,795 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
  • 20 years or older
  • negative equity
  • a small loss
2.1% went bankrupt
6.0% stopped otherwise
90% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 2,795 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€176,074€210,986▲
Fixed assets21/28€9,443€1,943▼
Tangible fixed assets22/27€9,393€1,893▼
Plant, machinery and equipment23€1,106€218▼
Furniture and vehicles24€8,287€1,674▼
Financial fixed assets28€50€50=
Current assets29/58€166,631€209,043▲
Stocks and contracts in progress3€118,597€169,097▲
Stocks30/36€118,597€169,097▲
Amounts receivable within one year40/41€43,884€35,699▼
Trade receivables40€43,884€30,239▼
Other amounts receivable41-€5,461
Cash at bank and in hand54/58€4,151€3,358▼
Deferred charges and accrued income490/1-€890
Equity and liabilities
Total equity and liabilities10/49€176,074€210,986▲
Equity10/15-€322,125-€337,841▼
Contributions10/11€37,184€37,184=
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Profit (loss) carried forward14-€361,168-€376,884▼
Amounts payable17/49€498,199€548,827▲
Amounts payable within one year42/48€498,199€548,827▲
Trade debts44€0€390▲
Suppliers440/4€0€390▲
Taxes, remuneration and social security45€1,079€3,017▲
Taxes450/3€1,079€3,017▲
Other amounts payable47/48€497,121€545,420▲
Income statement Code20242025
Non-recurring operating income76A€25,086€0▼
Remuneration, social security and pensions62€61€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,130€7,501▼
Other operating charges640/8€862€1,532▲
Gross operating margin9900€10,148-€6,517▼
Operating profit (loss)9901€1,095-€15,550▼
Financial income75/76B€200€0▼
Recurring financial income75€200€0▼
Financial charges65/66B€171€166▼
Recurring financial charges65€171€166▼
Profit (loss) for the period before taxes9903€1,124-€15,716▼
Income taxes67/77€0-
Profit (loss) for the period9904€1,124-€15,716▼
Profit (loss) for the period to be appropriated9905€1,124-€15,716▼
Appropriation of the result
Profit (loss) to be appropriated9906-€361,168-€376,884▼
Profit (loss) brought forward from the previous period14P-€362,292-€361,168▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220242025Change
Non-recurring operating income76A---€0-€25,086€0▼ 100%
Remuneration, social security and pensions62-----€61€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,044€6,942€721€12,209€15,823€8,130€7,501▼ 7.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€175,568---
Other operating charges640/8---€7,192€970€862€1,532▲ 77.7%
Non-recurring operating charges66A---€2,567€0---
Gross operating margin9900€14,549-€37,833-€48,596-€12,683€69,830€10,148-€6,517▼ 164%
Operating profit (loss)9901€6,776-€45,459-€53,429-€34,650-€122,531€1,095-€15,550▼ 1,520%
Financial income75/76B---€7€3,862€200€0▼ 100%
Recurring financial income75€100-€195€7€3,862€200€0▼ 100%
Financial charges65/66B---€4,850€5,524€171€166▼ 2.9%
Recurring financial charges65€69€72€3,575€4,850€5,524€171€166▼ 2.9%
Profit (loss) for the period before taxes9903€6,807-€45,531-€56,809-€39,494-€124,193€1,124-€15,716▼ 1,498%
Income taxes67/77€4,468€499€422€7,571€120€0--
Profit (loss) for the period9904€2,339-€46,030-€57,231-€47,065-€124,312€1,124-€15,716▼ 1,498%
Profit (loss) for the period to be appropriated9905€2,339-€46,030-€57,231-€47,065-€124,312€1,124-€15,716▼ 1,498%
Line2018201920202021202220242025Change
Assets
Total assets20/58€40,942€294,899€522,785€577,706€228,605€176,074€210,986▲ 19.8%
Fixed assets21/28€31,655€270,561€3,741€63,950€51,303€9,443€1,943▼ 79.4%
Intangible fixed assets21-€14,874--€1,890---
Tangible fixed assets22/27€31,605€255,637€3,691€63,900€49,363€9,393€1,893▼ 79.9%
Plant, machinery and equipment23---€1,790€1,366€1,106€218▼ 80.3%
Furniture and vehicles24---€62,110€47,997€8,287€1,674▼ 79.8%
Financial fixed assets28€50€50€50€50€50€50€50=
Current assets29/58€9,287€24,338€519,044€513,756€177,302€166,631€209,043▲ 25.5%
Stocks and contracts in progress3--€505,877€433,045€118,597€118,597€169,097▲ 42.6%
Stocks30/36---€433,045€118,597€118,597€169,097▲ 42.6%
Amounts receivable within one year40/41€3,959€16,483€11,947€19,268€2,011€43,884€35,699▼ 18.6%
Trade receivables40---€18,165€2,011€43,884€30,239▼ 31.1%
Other amounts receivable41---€1,102€0-€5,461-
Cash at bank and in hand54/58€5,189€6,450-€60,117€55,476€4,151€3,358▼ 19.1%
Deferred charges and accrued income490/1---€1,326€1,218-€890-
Equity and liabilities
Total equity and liabilities10/49€40,942€294,899€522,785€577,706€228,605€176,074€210,986▲ 19.8%
Equity10/15€904-€45,127-€102,357-€149,422-€273,734-€322,125-€337,841▼ 4.9%
Contributions10/11€37,184€37,184-€37,184€37,184€37,184€37,184=
Reserves13€1,859€1,859€1,859€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1---€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311---€1,859€1,859€1,859€1,859=
Profit (loss) carried forward14-€38,140-€84,170-€141,401-€188,465-€312,777-€361,168-€376,884▼ 4.4%
Amounts payable17/49€40,039€340,026€625,143€727,128€502,339€498,199€548,827▲ 10.2%
Amounts payable within one year42/48€40,039€340,026€625,143€727,128€502,221€498,199€548,827▲ 10.2%
Financial debts43---€124,893€358---
Credit institutions430/8---€124,893€358---
Trade debts44€7,254€1,363€5,143€23,362€20,821€0€390-
Suppliers440/4---€23,362€20,821€0€390-
Advances received on contracts in progress46---€182€0---
Taxes, remuneration and social security45---€11,059€557€1,079€3,017▲ 180%
Taxes450/3---€11,059€557€1,079€3,017▲ 180%
Other amounts payable47/48---€567,632€480,483€497,121€545,420▲ 9.7%
Accrued charges and deferred income492/3----€119---
Line2018201920202021202220242025Change
Profit (loss) for the period9904€2,339-€46,030-€57,231-€47,065-€124,312€1,124-€15,716▼ 1,498%
+ Depreciation and write-downs630€2,044€6,942€721€12,209€15,823€8,130€7,501▼ 7.7%
Operating cash flow (approximation)€4,383-€39,088-€56,510-€34,856-€108,489€9,254-€8,215▼ 189%
Investment in fixed assets (approximation)--€245,848€266,100-€72,418-€3,176-€0-
Change in cash-€1,261---€4,641--€793-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Public contracts: not fully processed yet. The notices from February 2023 to September 2026 are still being read.