Active BE 0464.376.513Private limited company

BEKADAN

Rue Jean Damard 31 ·4163 Anthisnes, Belgium· 27 yrs active

Sector: Wholesale trade (46120)

Conclusion Checked

BEKADAN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453k and a net result of €1k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€453k
Net result	€1k
Better than sector	87%
Active	27 yrs

Financial profile 5 of 5 axes measured · computed by Checked

57 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 61

Profitability 1

Solvency 73

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1998, 27 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

61 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€30k

estimate, not credit advice

Score history

86 2021

86 2022

70 2023

69 2024

61 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.79 (< 1.0) -10

Leverage Debt/equity 0.14 (< 1.0) +10

Profitability ROE 0% +3

Interest coverage Interest coverage 61.3× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview27 NBB filings

Annual accounts filed on 24-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~4.5%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	87.7%	42.6%	better than 87% of 10877 sector peers
Net result	€1k	€6k	better than 39% of 10889 sector peers
Equity	€453k	€60k	better than 91% of 10908 sector peers
Gross operating margin	€29k	€29k	better than 50% of 10866 sector peers
Staff costs	€2k	€37k	higher than 18% of 3116 sector peers

EBITDA

€26k

-11.0% 21-25

Net profit

€1k

-85.5% 21-25

Cash flow

€26k

-7.6% 21-25

Total assets

€516k

+139.5% 21-25

Equity

€453k

+146.3% 21-25

Working capital

€-12k

-1295.1% 21-25

Staff costs

€2k

- 21-25

Income taxes

€192

-73.6% 21-25

Debt

€64k

+100.1% 21-25

Debt ≤ 1y

€60k

+108.5% 21-25

Debt > 1y

€3k

0.0% 21-25

Current ratio

0.79

-18.1% 21-25

Quick ratio

0.79

-18.1% 21-25

Solvency

87.7%

+2.8% 21-25

Debt / equity

0.14

-18.8% 21-25

ROE

0.2%

-94.1% 21-25

ROA

0.2%

-93.9% 21-25

Interest coverage

61.31

+117.7% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€26k	€30k	€14k	€20k	€24k
Net profit	€1k	€7k	€-698	€9k	€12k
Cash flow	€26k	€28k	€13k	€17k	€20k
Staff costs	€2k	-	-	-	-
Income taxes	€192	€728	-	€3k	€3k
Dividends	-	-	-	-	-
Total assets	€516k	€216k	€205k	€186k	€174k
Equity	€453k	€184k	€177k	€177k	€169k
Debt	€64k	€32k	€28k	€9k	€5k
of which ≤ 1y	€60k	€29k	€17k	€9k	€5k
of which > 1y	€3k	€3k	€11k	-	-
Working capital	€-12k	€-890	€25k	€26k	€20k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.79	0.97	2.50	3.97	4.70
Quick ratio	0.79	0.97	2.50	3.97	4.70
Working capital ratio	-2.4%	-0.4%	12.4%	14.1%	11.2%
Solvency	87.7%	85.3%	86.2%	95.2%	97.0%
Debt / equity	0.14	0.17	0.16	0.05	0.03
Long-term debt ratio	0.01	0.02	0.06	-	-
Interest coverage	61.31	28.16	16.64	313.90	43.03
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	0.2%	3.3%	-0.3%	4.7%	6.7%
ROE	0.2%	3.9%	-0.4%	5.0%	6.9%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €469k · 90.8% Current assets €48k · 9.3%

Equity & liabilities

Equity €453k · 87.7% Debt €64k · 12.3%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€516k	€216k	€205k	€186k	€174k
Fixed assets	21/28	€469k	€188k	€163k	€151k	€149k
Tangible fixed assets	22/27	€468k	€187k	€162k	€151k	€149k
Financial fixed assets	28	€223	€223	€223	€223	€223
Current assets	29/58	€48k	€28k	€42k	€35k	€25k
Amounts receivable within one year	40/41	€10k	€10k	€15k	€25k	€16k
Cash & bank	54/58	€35k	€18k	€28k	€2k	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€516k	€216k	€205k	€186k	€174k
Equity	10/15	€453k	€184k	€177k	€177k	€169k
Contributions / capital	10/11	€283k	€15k	€15k	€62k	€62k
Reserves	13	€53k	€53k	€53k	€6k	€6k
Accumulated profits (losses)	14	€117k	€116k	€109k	€109k	€100k
Amounts payable	17/49	€64k	€32k	€28k	€9k	€5k
Amounts payable after one year	17	€3k	€3k	€11k	-	-
Amounts payable within one year	42/48	€60k	€29k	€17k	€9k	€5k
Trade debts payable within one year	44	€9k	€8k	€6k	€4k	€4k
Income statement
Gross operating margin	9900	€29k	€31k	€15k	€21k	€24k
Operating result	9901	€2k	€9k	€140	€12k	€15k
Financial income	75	€0	-	-	-	-
Financial charges	65	€431	€1k	€838	€65	€551
Result before taxes	9903	€1k	€8k	€-698	€12k	€15k
Income taxes	67/77	€192	€728	-	€3k	€3k
Net result for the period	9904	€1k	€7k	€-698	€9k	€12k
Result to be appropriated	9905	€1k	€7k	€-698	€9k	€12k

Statutory auditor 1 auditor

DGST & Partners - réviseurs d'entreprisesCurrent

Company auditor · represented by Michel LECOQ

05-11-2025 → present

Legal Structure

NACE primary	Wholesale trade(46120)
Legal form	Private limited company(610)
Incorporation	19-10-1998
Status	Active
Postal code	4163

Establishment units 1 location

Rue Jean Damard 31, 4163 Anthisnes

Insurance, reinsurance and pension funding, except compulsory social security

since 19982.088.972.697

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61059C0015/00A000	Wallonia	2,221 m²	1 · 177 m²	6.9 m · 2 fl.

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.

Updates 12 events

All 15Financial 3Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 24 days late

2025

31-12

Financial Equity above €200kEq €453k ▲146%

2 profitable years in a row build equity to €453k.

12-11

State Gazette act Capital & shares

v3.2

02-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

18-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-698 ▼108%

Net result drops to €-698, the lowest in the series; recovery starts the following year.

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

09-05

State Gazette act Director changes

v3.2

2022

27-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

01-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

03-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

28-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

06-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

11-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

Capital history · 1

12-11-2025

v3.2

All acts · 2 updated 9 months ago

2025

12-11-2025 Capital increase of €268,000 Capital & shares

Summary: v3.2

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "capital_increase",
      "amount": 268000,
      "currency": "EUR",
      "after_eur": null,
      "delta_eur": 268000,
      "before_eur": null,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2025-11-05",
      "evidence_quote": "L\u2019assembl\u00E9e a d\u00E9cid\u00E9 d\u2019accepter des apports en nature pour une valeur totale de deux cent soixante-huit mille euros (268.000,00 \u20AC)",
      "contribution_type": "in_kind"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0464.376.513",
    "name_full": "BEKADAN",
    "legal_form": "SRL"
  }
}

2023

09-05-2023 Change in the board of directors Director changes

Summary: v3.2

Original publication ↗

Technical details

{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0464.376.513",
    "name_full": "BEKADAN",
    "legal_form": "SA"
  }
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Wholesale trade46120

Names & trade names

Legal nameFR

BEKADAN

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