BEGRO
ActiveBEGRO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €912. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-12
Solvency43▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.43 in 2024; short-term debt: 28.9% and cash: 0.7% of total assets), and 81.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
18.1%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
27 d early
2021
29 d late
2020
30 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€221k▲ 0.4%
2024 · €220k
2018: €21k
2019: €31k
2020: €105k
2021: €154k
2022: €198k
2023: €209k
2024: €220k
2018 → 2025
Total assets
€1.22M▼ 19.2%
2024 · €1.51M
2018: €258k
2019: €302k
2020: €393k
2021: €1.19M
2022: €1.37M
2023: €1.39M
2024: €1.51M
2018 → 2025
Net result
€912▼ 95.6%
2024 · €21k
2018: €31k
2019: €10k
2020: €74k
2021: €49k
2022: €45k
2023: €11k
2024: €21k
2018 → 2025
Working capital
€-228k▲ 20.6%
2024 · €-287k
2018: €-23k
2019: €-8k
2020: €32k
2021: €-183k
2022: €-199k
2023: €-239k
2024: €-287k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€154k-€198k▲ 28.6%€209k▲ 5.6%€220k▲ 5.2%€221k▲ 0.4%
Operating result€96k-€108k▲ 12.3%€49k▼ 54.3%€139k▲ 181%€54k▼ 61.0%
Net result€49k-€45k▼ 9.4%€11k▼ 75.3%€21k▲ 88.5%€912▼ 95.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.22M
Fixed assets
€1.10M▼ 15.6%
Current assets
€125k▼ 41.1%
Equity and liabilities €1.22M
Equity
€221k▲ 0.4%
Debt
€1.00M▼ 22.5%
The debt ratio falls from 85.5% to 81.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145k▼
2024 · €219k
Cash flow
€92k▼
2024 · €102k
Solvency
18.1%▲
2024 · 14.5%
Current ratio
0.35▼
2024 · 0.43
Quick ratio
0.21▲
2024 · 0.21
Debt / equity
4.54▼
2024 · 5.88
ROE
0.4%▼
2024 · 9.5%
ROA
0.1%▼
2024 · 1.4%
Interest coverage
3.16▼
2024 · 4.36
Debt
€1.00M▼
2024 · €1.29M
Debt ≤ 1 year
€353k▼
2024 · €499k
Debt > 1 year
€649k▼
2024 · €794k
Income taxes
€8k▼
2024 · €68k
Staff costs
€162k▼
2024 · €190k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.51M€1.22M▼
Fixed assets21/28€1.30M€1.10M▼
Tangible fixed assets22/27€1.30M€1.10M▼
Land and buildings22€926k€900k▼
Plant, machinery and equipment23€14k€9k▼
Furniture and vehicles24€75k€56k▼
Leasing and similar rights25€284k€131k▼
Financial fixed assets28€2k€2k=
Current assets29/58€212k€125k▼
Stocks and contracts in progress3€109k€50k▼
Stocks30/36€42k€25k▼
Contracts in progress37€68k€26k▼
Amounts receivable within one year40/41€70k€61k▼
Trade receivables40€28k€39k▲
Other amounts receivable41€41k€22k▼
Cash at bank and in hand54/58€26k€9k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.22M▼
Equity10/15€220k€221k▲
Contributions10/11€20k€20k=
Reserves13€199k€201k▲
Distributable reserves133€199k€201k▲
Profit (loss) carried forward14€505€-396▼
Amounts payable17/49€1.29M€1.00M▼
Amounts payable after more than one year17€794k€649k▼
Financial debts170/4€794k€649k▼
Amounts payable within one year42/48€499k€353k▼
Current portion of amounts payable after more than one year42€113k€87k▼
Financial debts43€75k€75k=
Credit institutions430/8€75k€75k=
Trade debts44€168k€148k▼
Suppliers440/4€168k€148k▼
Taxes, remuneration and social security45€133k€42k▼
Taxes450/3€129k€38k▼
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€10k€0▼
Accrued charges and deferred income492/3-€18
Income statement
Code20242025
Non-recurring operating income76A€107k€51k▼
Remuneration, social security and pensions62€190k€162k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€91k▲
Other operating charges640/8€75k€15k▼
Non-recurring operating charges66A€-387€0▲
Gross operating margin9900€484k€323k▼
Operating profit (loss)9901€139k€54k▼
Financial income75/76B€505€1k▲
Recurring financial income75€505€1k▲
Financial charges65/66B€50k€46k▼
Recurring financial charges65€50k€46k▼
Profit (loss) for the period before taxes9903€89k€9k▼
Income taxes67/77€68k€8k▼
Profit (loss) for the period9904€21k€912▼
Profit (loss) for the period to be appropriated9905€21k€912▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€1k▼
Profit (loss) brought forward from the previous period14P€505€505=
Transfer from equity791/2€10k€0▼
Transfer to equity691/2€21k€2k▼
To other reserves6921€21k€2k▼
Profit to be distributed694/7€10k€0▼
Return on contributions (dividend)694€10k€0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €912 ▼95.6%
Net result drops to €912, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €200kEq €209k ▲5.6%
6 profitable years in a row build equity to €209k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €150kEq €154k ▲47.3%
4 profitable years in a row build equity to €154k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €74k ▲626%
Net result €74k, the highest in the series.
31-12
Financial
Equity above €100kEq €105k ▲239%
3 profitable years in a row build equity to €105k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Gillis-Waas · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blokstraat(SGW) 1019170 Sint-Gillis-WaasGround area
720 m²
Building footprint
169 m²
Volume, LiDAR
1,078 m³
Parcel 46020E0119/00H002, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Blokstraat(SGW) 101, 9170 Sint-Gillis-Waas
since 20102.186.082.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020E0119/00H002 | Flanders | 720 m² | 1 · 169 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,013 EUR awarded · 1,941 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
| 2022 | 1 | 513 EUR | 441 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DEVOOGT-DE CLERCQ
BE 0473.648.822
Lichtervelde · Eq €221k
De Coninck bouw
BE 0888.865.339
Harelbeke · Eq €221k
SEGIRA
BE 0808.239.236
Hamme (Vl.) · Eq €221k
Bocquez
BE 0883.196.876
Torhout · Eq €221k
De Rijcke Boringen
BE 0842.131.036
Sint-Gillis-Waas · Eq €221k
Of 8,452 companies in sector 43120 we hold annual accounts for 3,231. 2,571 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2010
Fiscal year end31-12
Activities, NACEBEL
42212Civil engineering
43120Site preparation
42219Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.