BEGATECH
ActiveSummary
The computed 12-month bankruptcy probability of BEGATECH is 4.6% (elevated). The 2024 annual accounts show equity of €20k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+73
Solvency52▲+14
Growth85▲+30
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.42 against 1.15 in 2023; short-term debt: 61.9% of total assets), and 72.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
27.2%
Return on assets
17.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
72 d late
2022
75 d early
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€349k▼ 32.5%
2022 · €517k
2021: €235klowest in 3 years
2022: €517k▲ +120% vs 2021highest in 3 years
2023: €349k▼ -32.5% vs 2022
2021 → 2023
EBIT margin
37.7%▲ 32.7pp
2022 · 5.0%
2021: 4.2%lowest in 3 years
2022: 5.0%▲ +18.4% vs 2021
2023: 37.7%▲ +659% vs 2022highest in 3 years
2021 → 2023
Net result
€13k
2023 · €-33k
2021: €10k
2022: €25k▲ +156% vs 2021highest in 4 years
2023: €-33k▼ -230% vs 2022lowest in 4 years
2024: €13k▲ +139% vs 2023
2021 → 2024
Working capital
€19k▲ 163%
2023 · €7k
2021: €15k
2022: €40k▲ +170% vs 2021highest in 4 years
2023: €7k▼ -81.8% vs 2022lowest in 4 years
2024: €19k▲ +163% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€235k-€517k▲ 120%€349k▼ 32.5%
2021: €235klowest in 3 years
2022: €517k▲ +120% vs 2021highest in 3 years
2023: €349k▼ -32.5% vs 2022
Equity€15k-€40k▲ 170%€7k▼ 81.8%€20k▲ 177%
2021: €15k
2022: €40k▲ +170% vs 2021highest in 4 years
2023: €7k▼ -81.8% vs 2022lowest in 4 years
2024: €20k▲ +177% vs 2023
Operating result€10k-€26k▲ 161%€132k▲ 412%€30k▼ 77.4%
2021: €10klowest in 4 years
2022: €26k▲ +161% vs 2021
2023: €132k▲ +412% vs 2022highest in 4 years
2024: €30k▼ -77.4% vs 2023
Net result€10k-€25k▲ 156%€-33k€13k
2021: €10k
2022: €25k▲ +156% vs 2021highest in 4 years
2023: €-33k▼ -230% vs 2022lowest in 4 years
2024: €13k▲ +139% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74k
Fixed assets
€9k
Current assets
€65k
Equity and liabilities €74k
Equity
€20k ▲ 177%
Debt
€54k ▲ 14.6%
Debt's share of the balance-sheet total falls from 86.6% to 72.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k
Cash flow
€17k
Current ratio
1.42▲
2023 · 1.15
Debt to equity
2.68▼
2023 · 6.48
ROE
63.9%▲
2023 · -450.1%
ROA
17.4%▲
2023 · -60.1%
Interest coverage
3.87
Debt ≤ 1 year
€46k▼
2023 · €47k
Debt > 1 year
€8k
Income taxes
€7k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€54k€74k▲
Fixed assets21/28-€9k
Tangible fixed assets22/27-€9k
Furniture and vehicles24-€9k
Current assets29/58€54k€65k▲
Amounts receivable within one year40/41€54k€65k▲
Trade receivables40€4k€13k▲
Other amounts receivable41€51k€52k▲
Equity and liabilities
Total equity and liabilities10/49€54k€74k▲
Equity10/15€7k€20k▲
Contributions10/11€5k€5k=
Outside capital11€5k-
Share premium1100/10€5k-
Profit (loss) carried forward14€2k€15k▲
Amounts payable17/49€47k€54k▲
Amounts payable after more than one year17-€8k
Financial debts170/4-€8k
Amounts payable within one year42/48€47k€46k▼
Current portion of amounts payable after more than one year42-€2k
Financial debts43€44k€21k▼
Credit institutions430/8€44k€21k▼
Trade debts44€3k€792▼
Suppliers440/4€3k€792▼
Advances received on contracts in progress46-€20k
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Income statement
Code20232024
Turnover70€349k-
Goods, raw materials, services and sundry goods60/61€215k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5k
Other operating charges640/8€2k€10k▲
Gross operating margin9900€134k€44k▼
Operating profit (loss)9901€132k€30k▼
Financial income75/76B€1k€18▼
Recurring financial income75€1k€18▼
Non-recurring financial income76B€1-
Financial charges65/66B€164k€10k▼
Recurring financial charges65€3k€9k▲
Non-recurring financial charges66B€160k€777▼
Profit (loss) for the period before taxes9903€-31k€20k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€-33k€13k▲
Profit (loss) for the period to be appropriated9905€-33k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€15k▲
Profit (loss) brought forward from the previous period14P€35k€2k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €235k | €517k | €349k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €225k | €490k | €215k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €5k | - |
| Other operating charges640/8 | - | €2k | €2k | €10k | ▲ 318% |
| Gross operating margin9900 | €10k | €28k | €134k | €44k | ▼ 67.1% |
| Operating profit (loss)9901 | €10k | €26k | €132k | €30k | ▼ 77.4% |
| Financial income75/76B | €1 | €4 | €1k | €18 | ▼ 98.8% |
| Recurring financial income75 | €1 | €4 | €1k | €18 | ▼ 98.8% |
| Non-recurring financial income76B | - | - | €1 | - | - |
| Financial charges65/66B | €0 | €509 | €164k | €10k | ▼ 94.1% |
| Recurring financial charges65 | €0 | €447 | €3k | €9k | ▲ 190% |
| Non-recurring financial charges66B | - | €62 | €160k | €777 | ▼ 99.5% |
| Profit (loss) for the period before taxes9903 | €10k | €25k | €-31k | €20k | ▲ 166% |
| Income taxes67/77 | - | - | €2k | €7k | ▲ 221% |
| Profit (loss) for the period9904 | €10k | €25k | €-33k | €13k | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €10k | €25k | €-33k | €13k | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €37k | €44k | €54k | €74k | ▲ 36.3% |
| Fixed assets21/28 | - | - | - | €9k | - |
| Tangible fixed assets22/27 | - | - | - | €9k | - |
| Furniture and vehicles24 | - | - | - | €9k | - |
| Current assets29/58 | €37k | €44k | €54k | €65k | ▲ 19.6% |
| Amounts receivable within one year40/41 | €22k | €34k | €54k | €65k | ▲ 19.6% |
| Trade receivables40 | €21k | €21k | €4k | €13k | ▲ 269% |
| Other amounts receivable41 | €1k | €13k | €51k | €52k | ▲ 2.0% |
| Cash at bank and in hand54/58 | €15k | €10k | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €37k | €44k | €54k | €74k | ▲ 36.3% |
| Equity10/15 | €15k | €40k | €7k | €20k | ▲ 177% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Outside capital11 | €5k | €5k | €5k | - | - |
| Share premium1100/10 | €5k | €5k | €5k | - | - |
| Profit (loss) carried forward14 | €10k | €35k | €2k | €15k | ▲ 566% |
| Amounts payable17/49 | €22k | €4k | €47k | €54k | ▲ 14.6% |
| Amounts payable after more than one year17 | - | - | - | €8k | - |
| Financial debts170/4 | - | - | - | €8k | - |
| Amounts payable within one year42/48 | €22k | €4k | €47k | €46k | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2k | - |
| Financial debts43 | - | - | €44k | €21k | ▼ 53.1% |
| Credit institutions430/8 | - | - | €44k | €21k | ▼ 53.1% |
| Trade debts44 | €22k | €3k | €3k | €792 | ▼ 75.5% |
| Suppliers440/4 | €22k | €3k | €3k | €792 | ▼ 75.5% |
| Advances received on contracts in progress46 | - | - | - | €20k | - |
| Taxes, remuneration and social security45 | €145 | €566 | - | €3k | - |
| Taxes450/3 | €21 | €566 | - | €3k | - |
| Remuneration and social security454/9 | €124 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €25k | €-33k | €13k | ▲ 139% |
| + Depreciation and write-downs630 | - | - | - | €5k | - |
| Operating cash flow (approximation) | €10k | €25k | €-33k | €17k | ▲ 153% |
| Change in cash | - | €-5k | - | - | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €25k ▲156%
Net result €25k, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 11.25
Current ratio from 1.67 to 11.25; short-term debt falls from €22k to €4k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Schaarbeek · 1 establishment unit since 2021
Ground area
228 m²
Building footprint
238 m²
Volume, LiDAR
3,242 m³
2 parcels, Brussels · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BEGATECH
since 20212.324.506.713
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0089/00Z003 | Brussels | 124 m² | 1 · 124 m² | 19.9 m · 5 fl. |
| 21902A0345/00L000 | Brussels | 104 m² | 1 · 114 m² | 19.1 m · 6 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,214 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
Founded01-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.