BEKADE

Active

Public limited companyfounded 199333 yrs activeStationsstraat 61, 9810 Nazareth-De Pinte, BelgiumKBO/BCE: BE 0449.261.339

Summary

BEKADE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.4m and a net result of €56,858. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 80% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysis Watch Report Compare

BEKADEActiveChecked score 80/100

Risk analysis Report Compare

Checked score

Score 2025

80 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability70▲+4

Solvency97▼-3

Growth32=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €430,000 at 30 days acceptable

Liquidity short (current ratio 0.6 against 0.7 in 2024; short-term debt: 4% and cash: 0.2% of total assets), and 28% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

72%

Return on assets

0.8%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

88 d early

2024

93 d early

2023

69 d early

2022

88 d early

2021

95 d early

2020

85 d early

2019

92 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 87 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 4 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

BEKADE was incorporated on 26 January 1993.¹ Since 2026, Anne-Marie Bekaert has served as director of the company.² Total assets rose from EUR 6.5 million in 2018 to EUR 7.5 million in 2025 and headcount from 1 full-time equivalents in 2020 to 1 in 2024.³

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Financials · fiscal year 2025, micro schema

In the rankings #4 company by equity in Nazareth-De Pinte, Real estate sector #7 company by total assets in Nazareth-De Pinte, Real estate sector

Equity

€5.4m▲ 1.1%

2024 · €5.3m

Total assets

€7.5m▲ 10.9%

2024 · €6.7m

Net result

€56,858

2024 · -€145,982

Working capital

-€118,319▼ 52.2%

2024 · -€77,756

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result-€368,378-€28,095▲ 92.4%€17,902-€128,802€72,771

Net result-€357,122-€43,211▲ 87.9%€1,703-€145,982€56,858

Equity€5.5m▼ 6.1%€5.5m▼ 0.8%€5.5m=€5.3m▼ 2.7%€5.4m▲ 1.1%

Total assets€7.6m▲ 19.1%€7.3m▼ 3.6%€7.1m▼ 3.1%€6.7m▼ 5.0%€7.5m▲ 10.9%

Debt€2.1m▲ 314%€1.8m▼ 10.9%€1.6m▼ 12.2%€1.4m▼ 12.8%€2.1m▲ 47.9%

Working capital€1.4m▲ 46.1%€561,876▼ 61.2%€508,222▼ 9.5%-€77,756-€118,319▼ 52.2%

Solvency72.7%▼ 19.5pp74.8%▲ 2.1pp77.1%▲ 2.4pp79.0%▲ 1.9pp72.0%▼ 7.0pp

Current ratio16.03▲ 5.013.12▼ 12.912.95▼ 0.180.70▼ 2.250.60▼ 0.10

Return on assets (ROA)-4.7%▼ 5.8pp-0.6%▲ 4.1pp0.0%▲ 0.6pp-2.2%▼ 2.2pp0.8%▲ 2.9pp

Staff (FTE)1=1=1=1=

above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.

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 returns to profit in 2025: €72,771 after a loss of €128,802 in 2024, the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €7.5m

97.6%

Fixed assets €7.3m ▲ 11.3%

Current assets €178,070 ▼ 2.6%

Equity and liabilities €7.5m

72.0%

28.0%

Equity €5.4m ▲ 1.1%

Debt €2.1m ▲ 47.9%

Debt's share of the balance-sheet total rises from 21.0% to 28.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€452,881▲

2024 · €237,935

Cash flow

€436,968▲

2024 · €220,756

Debt to equity

0.39▲

2024 · 0.27

ROE

1.1%▲

2024 · -2.7%

Interest coverage

11.46▲

2024 · 7.28

Debt ≤ 1 year

€296,389▲

2024 · €260,511

Debt > 1 year

€1.8m▲

2024 · €1.1m

Income taxes

€1,703▼

2024 · €2,056

Staff costs

€109,814▼

2024 · €111,211

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.

Medium-sized
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.1% went bankrupt

2.0% stopped otherwise

98% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,340 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 1,860 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines

Balance sheet Code20242025

Assets

Total assets20/58€6.7m€7.5m▲

Fixed assets21/28€6.6m€7.3m▲

Tangible fixed assets22/27€6.6m€7.3m▲

Land and buildings22€6.5m€7.3m▲

Plant, machinery and equipment23€2,647€1,811▼

Furniture and vehicles24€51,746€34,498▼

Current assets29/58€182,754€178,070▼

Amounts receivable within one year40/41€3,712€5,463▲

Other amounts receivable41€3,712€5,463▲

Current investments50/53€148,684€139,100▼

Cash at bank and in hand54/58€23,820€13,355▼

Deferred charges and accrued income490/1€6,538€20,152▲

Equity and liabilities

Total equity and liabilities10/49€6.7m€7.5m▲

Equity10/15€5.3m€5.4m▲

Contributions10/11€5.8m€5.8m=

Capital10€5.8m€5.8m=

Issued capital100€5.8m€5.8m=

Reserves13€104,670€104,670=

Non-distributable reserves130/1€65,000€65,000=

Legal reserve130€65,000€65,000=

Tax-exempt reserves132€39,670€39,670=

Profit (loss) carried forward14-€543,119-€486,262▲

Amounts payable17/49€1.4m€2.1m▲

Amounts payable after more than one year17€1.1m€1.8m▲

Financial debts170/4€843,261€1.5m▲

Other amounts payable178/9€288,415€285,712▼

Amounts payable within one year42/48€260,511€296,389▲

Current portion of amounts payable after more than one year42€213,010€166,098▼

Trade debts44€23,636€109,591▲

Suppliers440/4€23,636€109,591▲

Taxes, remuneration and social security45€23,864€20,700▼

Taxes450/3€11,176€5,959▼

Remuneration and social security454/9€12,688€14,741▲

Accrued charges and deferred income492/3€19,924€41,616▲

Income statement Code20242025

Remuneration, social security and pensions62€111,211€109,814▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€366,738€380,110▲

Other operating charges640/8€130,446€58,813▼

Gross operating margin9900€479,592€621,508▲

Operating profit (loss)9901-€128,802€72,771▲

Financial income75/76B€17,578€25,303▲

Recurring financial income75€17,578€25,303▲

Financial charges65/66B€32,702€39,513▲

Recurring financial charges65€32,702€39,513▲

Profit (loss) for the period before taxes9903-€143,926€58,560▲

Income taxes67/77€2,056€1,703▼

Profit (loss) for the period9904-€145,982€56,858▲

Profit (loss) for the period to be appropriated9905-€145,982€56,858▲

Appropriation of the result

Profit (loss) to be appropriated9906-€543,119-€486,262▲

Profit (loss) brought forward from the previous period14P-€397,137-€543,119▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€76,145	€87,734	€104,883	€111,211	€109,814	▼ 1.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€554,483	€301,676	€358,075	€366,738	€380,110	▲ 3.6%
Other operating charges640/8	€92,363	€55,531	€63,504	€130,446	€58,813	▼ 54.9%
Gross operating margin9900	€354,613	€416,846	€544,364	€479,592	€621,508	▲ 29.6%
Operating profit (loss)9901	-€368,378	-€28,095	€17,902	-€128,802	€72,771	▲ 156%
Financial income75/76B	€26,585	€12,795	€12,446	€17,578	€25,303	▲ 43.9%
Recurring financial income75	€26,585	€12,795	€12,446	€17,578	€25,303	▲ 43.9%
Financial charges65/66B	€18,247	€26,486	€27,293	€32,702	€39,513	▲ 20.8%
Recurring financial charges65	€18,247	€26,486	€27,293	€32,702	€39,513	▲ 20.8%
Profit (loss) for the period before taxes9903	-€360,041	-€41,786	€3,055	-€143,926	€58,560	▲ 141%
Income taxes67/77	-€2,919	€1,424	€1,352	€2,056	€1,703	▼ 17.2%
Profit (loss) for the period9904	-€357,122	-€43,211	€1,703	-€145,982	€56,858	▲ 139%
Profit (loss) for the period to be appropriated9905	-€357,122	-€43,211	€1,703	-€145,982	€56,858	▲ 139%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€7.6m	€7.3m	€7.1m	€6.7m	€7.5m	▲ 10.9%
Fixed assets21/28	€6.0m	€6.5m	€6.3m	€6.6m	€7.3m	▲ 11.3%
Tangible fixed assets22/27	€6.0m	€6.5m	€6.3m	€6.6m	€7.3m	▲ 11.3%
Land and buildings22	€6.0m	€6.5m	€6.2m	€6.5m	€7.3m	▲ 11.6%
Plant, machinery and equipment23	-	-	€952	€2,647	€1,811	▼ 31.6%
Furniture and vehicles24	-	-	€68,995	€51,746	€34,498	▼ 33.3%
Current assets29/58	€1.5m	€826,497	€769,089	€182,754	€178,070	▼ 2.6%
Amounts receivable within one year40/41	€558,583	€3,282	€65,750	€3,712	€5,463	▲ 47.2%
Other amounts receivable41	€558,583	€3,282	€65,750	€3,712	€5,463	▲ 47.2%
Current investments50/53	€801,695	€808,861	€661,308	€148,684	€139,100	▼ 6.4%
Cash at bank and in hand54/58	€179,214	€9,961	€36,093	€23,820	€13,355	▼ 43.9%
Deferred charges and accrued income490/1	€5,642	€4,393	€5,938	€6,538	€20,152	▲ 208%
Equity and liabilities
Total equity and liabilities10/49	€7.6m	€7.3m	€7.1m	€6.7m	€7.5m	▲ 10.9%
Equity10/15	€5.5m	€5.5m	€5.5m	€5.3m	€5.4m	▲ 1.1%
Contributions10/11	€5.8m	€5.8m	€5.8m	€5.8m	€5.8m	=
Capital10	€5.8m	€5.8m	€5.8m	€5.8m	€5.8m	=
Issued capital100	€5.8m	€5.8m	€5.8m	€5.8m	€5.8m	=
Reserves13	€104,670	€104,670	€104,670	€104,670	€104,670	=
Non-distributable reserves130/1	€65,000	€65,000	€65,000	€65,000	€65,000	=
Legal reserve130	€65,000	€65,000	€65,000	€65,000	€65,000	=
Tax-exempt reserves132	€39,670	€39,670	€39,670	€39,670	€39,670	=
Profit (loss) carried forward14	-€355,630	-€398,840	-€397,137	-€543,119	-€486,262	▲ 10.5%
Amounts payable17/49	€2.1m	€1.8m	€1.6m	€1.4m	€2.1m	▲ 47.9%
Amounts payable after more than one year17	€2.0m	€1.6m	€1.3m	€1.1m	€1.8m	▲ 54.7%
Financial debts170/4	€1.6m	€1.3m	€1.1m	€843,261	€1.5m	▲ 73.8%
Other amounts payable178/9	€337,732	€294,817	€287,467	€288,415	€285,712	▼ 0.9%
Amounts payable within one year42/48	€96,397	€264,620	€260,866	€260,511	€296,389	▲ 13.8%
Current portion of amounts payable after more than one year42	€64,125	€210,675	€211,814	€213,010	€166,098	▼ 22.0%
Trade debts44	€15,785	€30,591	€21,956	€23,636	€109,591	▲ 364%
Suppliers440/4	€15,785	€30,591	€21,956	€23,636	€109,591	▲ 364%
Taxes, remuneration and social security45	€16,487	€23,355	€27,096	€23,864	€20,700	▼ 13.3%
Taxes450/3	€2,517	€7,749	€9,244	€11,176	€5,959	▼ 46.7%
Remuneration and social security454/9	€13,971	€15,605	€17,852	€12,688	€14,741	▲ 16.2%
Accrued charges and deferred income492/3	€12,919	€17,641	€15,641	€19,924	€41,616	▲ 109%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	-€357,122	-€43,211	€1,703	-€145,982	€56,858	▲ 139%
+ Depreciation and write-downs630	€554,483	€301,676	€358,075	€366,738	€380,110	▲ 3.6%
Operating cash flow (approximation)	€197,361	€258,466	€359,778	€220,756	€436,968	▲ 97.9%
Investment in fixed assets (approximation)	-	-€751,062	-€192,268	-€598,956	-€1.1m	▼ 86.7%
Change in cash	-	-€169,254	€26,133	-€12,273	-€10,465	▲ 14.7%

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

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 4Gazette 1Filings 10

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

2026

22-06

State Gazette act Reappointment: Anne-Marie Bekaert (director)

2 facts ▸

General meeting, 28-04-2026
Director reappointment, Anne-Marie Bekaert (director)

04-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €56,858

Net result €56,858 after one loss-making year.

29-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

23-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €1,703

Net result €1,703 after 2 loss-making years.

04-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

27-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet -€357,122

Net result drops to -€357,122, the lowest in the series; recovery starts the following year.

07-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Back to profitnet €72,047

Net result €72,047 after one loss-making year.

30-04

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

Show earlier events

2019

02-05

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

26-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

27-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

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

1 of 14 acts read

About the unread acts

Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2026

Anne-Marie Bekaert

Director · since 30-01-2026

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Nazareth-De Pinte · 1 establishment unit since 1993

seat establishment The establishment unit on the map

Ground area

1,710 m²

Building footprint

238 m²

Volume, LiDAR

1,537 m³

Parcel 44018A0691/00T000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.

3 companies at this address See who is registered here

1 establishment unit

Stationsstraat 61, 9810 Nazareth-De Pinte

NACE 7012001

since 19932.233.451.526

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44018A0691/00T000	Flanders	1,710 m²	1 · 238 m²	10.3 m · 2 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office

All 1 In office 1

Board
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Anne-Marie Bekaert	Director, already before 30-01-2026 to date

See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director

Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

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Of 3,762 companies in sector 68321 we hold annual accounts for 1,394. 402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded26-01-1993

Fiscal year end31-12

Activities, NACEBEL 2025

68321Property management for co-owned buildings (syndics)

E-invoicing

Reachable via Peppol

Peppol ID 0208:0449261339

Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.