BEKAERT
ActiveSummary
BEKAERT has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €575,029 and a net result of €110,639. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+2
Solvency96▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 3.3 against 2.79 in 2024; short-term debt: 28.5% and cash: 65.7% of total assets), and 28.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
71.5%
Return on assets
13.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
15 d early
2024
24 d early
2023
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 16 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€575,029▲ 17.4%
2024 · €489,743
Total assets
€804,349▲ 10.2%
2024 · €730,229
Net result
€110,639▲ 20.6%
2024 · €91,759
Working capital
€527,413▲ 22.5%
2024 · €430,437
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line202320242025
Operating result€90,939-€146,397▲ 61.0%€167,857▲ 14.7%
Net result€55,182within the sector's middle half-€91,759within the sector's middle half▲ 66.3%€110,639above the sector's middle half▲ 20.6%
Equity€430,162within the sector's middle half-€489,743within the sector's middle half▲ 13.9%€575,029within the sector's middle half▲ 17.4%
Total assets€823,190within the sector's middle half-€730,229within the sector's middle half▼ 11.3%€804,349within the sector's middle half▲ 10.2%
Debt€393,028-€240,486▼ 38.8%€229,320▼ 4.6%
Working capital€348,498within the sector's middle half-€430,437within the sector's middle half▲ 23.5%€527,413above the sector's middle half▲ 22.5%
Solvency52.3%within the sector's middle half-67.1%above the sector's middle half▲ 14.8pp71.5%above the sector's middle half▲ 4.4pp
Current ratio1.89within the sector's middle half-2.79within the sector's middle half▲ 0.903.30above the sector's middle half▲ 0.51
Return on assets (ROA)6.7%within the sector's middle half-12.6%above the sector's middle half▲ 5.9pp13.8%above the sector's middle half▲ 1.2pp
Staff (FTE)2.1within the sector's middle half-1.3below the sector's middle half▼ 38.1%1below the sector's middle half▼ 23.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €804,349
Fixed assets
€47,616 ▼ 19.7%
Current assets
€756,734 ▲ 12.8%
Equity and liabilities €804,349
Equity
€575,029 ▲ 17.4%
Debt
€229,320 ▼ 4.6%
Debt's share of the balance-sheet total falls from 32.9% to 28.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€194,596▲
2024 · €178,755
Cash flow
€137,378▲
2024 · €124,117
Quick ratio
3.21▲
2024 · 2.74
Debt to equity
0.40▼
2024 · 0.49
ROE
19.2%▲
2024 · 18.7%
Interest coverage
31.98▲
2024 · 14.57
Debt ≤ 1 year
€229,320▼
2024 · €240,486
Income taxes
€53,471▲
2024 · €44,305
Staff costs
€64,482▼
2024 · €79,488
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - |
| Remuneration, social security and pensions62 | €102,986 | €79,488 | €64,482 | ▼ 18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,841 | €32,358 | €26,739 | ▼ 17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - |
| Other operating charges640/8 | €11,466 | €12,465 | €14,889 | ▲ 19.5% |
| Non-recurring operating charges66A | €0 | - | €8,382 | - |
| Gross operating margin9900 | €243,232 | €270,708 | €282,349 | ▲ 4.3% |
| Operating profit (loss)9901 | €90,939 | €146,397 | €167,857 | ▲ 14.7% |
| Financial income75/76B | €1,633 | €1,932 | €2,339 | ▲ 21.1% |
| Recurring financial income75 | €1,633 | €1,932 | €2,339 | ▲ 21.1% |
| Financial charges65/66B | €11,117 | €12,266 | €6,086 | ▼ 50.4% |
| Recurring financial charges65 | €11,117 | €12,266 | €6,086 | ▼ 50.4% |
| Profit (loss) for the period before taxes9903 | €81,456 | €136,064 | €164,111 | ▲ 20.6% |
| Income taxes67/77 | €26,274 | €44,305 | €53,471 | ▲ 20.7% |
| Profit (loss) for the period9904 | €55,182 | €91,759 | €110,639 | ▲ 20.6% |
| Profit (loss) for the period to be appropriated9905 | €55,182 | €91,759 | €110,639 | ▲ 20.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €823,190 | €730,229 | €804,349 | ▲ 10.2% |
| Fixed assets21/28 | €81,664 | €59,306 | €47,616 | ▼ 19.7% |
| Tangible fixed assets22/27 | €81,259 | €58,901 | €47,211 | ▼ 19.8% |
| Land and buildings22 | €20,500 | €16,400 | €12,300 | ▼ 25.0% |
| Plant, machinery and equipment23 | €7,514 | €12,430 | €19,589 | ▲ 57.6% |
| Furniture and vehicles24 | €53,246 | €30,071 | €15,321 | ▼ 49.0% |
| Financial fixed assets28 | €405 | €405 | €405 | = |
| Current assets29/58 | €741,525 | €670,923 | €756,734 | ▲ 12.8% |
| Stocks and contracts in progress3 | €20,898 | €12,541 | €20,107 | ▲ 60.3% |
| Stocks30/36 | €20,898 | €12,541 | €20,107 | ▲ 60.3% |
| Amounts receivable within one year40/41 | €317,700 | €238,680 | €203,635 | ▼ 14.7% |
| Trade receivables40 | €317,695 | €236,360 | €199,801 | ▼ 15.5% |
| Other amounts receivable41 | €6 | €2,320 | €3,834 | ▲ 65.3% |
| Cash at bank and in hand54/58 | €398,081 | €415,853 | €528,180 | ▲ 27.0% |
| Deferred charges and accrued income490/1 | €4,846 | €3,849 | €4,812 | ▲ 25.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €823,190 | €730,229 | €804,349 | ▲ 10.2% |
| Equity10/15 | €430,162 | €489,743 | €575,029 | ▲ 17.4% |
| Contributions10/11 | €99,157 | €99,157 | €99,157 | = |
| Reserves13 | €329,711 | €389,292 | €474,578 | ▲ 21.9% |
| Non-distributable reserves130/1 | €0 | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - |
| Tax-exempt reserves132 | €22,000 | €22,000 | €22,000 | = |
| Distributable reserves133 | €307,711 | €367,292 | €452,578 | ▲ 23.2% |
| Profit (loss) carried forward14 | €1,293 | €1,293 | €1,293 | = |
| Amounts payable17/49 | €393,028 | €240,486 | €229,320 | ▼ 4.6% |
| Amounts payable within one year42/48 | €393,028 | €240,486 | €229,320 | ▼ 4.6% |
| Trade debts44 | €184,868 | €135,441 | €156,029 | ▲ 15.2% |
| Suppliers440/4 | €184,868 | €135,441 | €156,029 | ▲ 15.2% |
| Taxes, remuneration and social security45 | €26,596 | €39,420 | €29,533 | ▼ 25.1% |
| Taxes450/3 | €13,482 | €32,634 | €23,441 | ▼ 28.2% |
| Remuneration and social security454/9 | €13,114 | €6,785 | €6,092 | ▼ 10.2% |
| Other amounts payable47/48 | €181,564 | €65,626 | €43,758 | ▼ 33.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,182 | €91,759 | €110,639 | ▲ 20.6% |
| + Depreciation and write-downs630 | €37,841 | €32,358 | €26,739 | ▼ 17.4% |
| Operating cash flow (approximation) | €93,023 | €124,117 | €137,378 | ▲ 10.7% |
| Investment in fixed assets (approximation) | - | -€10,000 | -€15,048 | ▼ 50.5% |
| Change in cash | - | €17,772 | €112,326 | ▲ 532% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €110,639 ▲20.6%
Operating result €167,857, net result €110,639, both a record.
31-12
Financial
Equity above €500,000Eq €575,029 ▲17.4%
3 profitable years in a row build equity to €575,029.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oosterzele · 1 establishment unit since 1980
Ground area
1,061 m²
Building footprint
149 m²
Volume, LiDAR
803 m³
Parcel 44052C0750/00Z000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVBA BEKAERT
since 19802.017.815.675
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052C0750/00Z000 | Flanders | 1,061 m² | 1 · 149 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 613 EUR awarded · 613 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 141 EUR | 141 EUR |
| 2023 | 1 | 373 EUR | 373 EUR |
| 2022 | 1 | 99 EUR | 99 EUR |
Similar companies · same sector, comparable size
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Of 3,226 companies in sector 47781 we hold annual accounts for 743. 504 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
Founded23-06-1980
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420679595
Also
9925:BE0420679595
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.