Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of BEMA is 1.2% (low). The 2023 annual accounts show equity of €42k and a net result of €-2k. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 467 sector peers (fiscal year 2023). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 467 peers (2023). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 380 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-06-2024, 56 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 05-06-2024 | 56 d early | 2024-00110942 |
| 31-12-2022 | 31-07-2023 | 06-03-2023 | 147 d early | 2023-00035819 |
| 31-12-2021 | 31-07-2022 | 28-06-2022 | 33 d early | 2022-20100313 |
| 31-12-2020 | 31-07-2021 | 02-06-2021 | 59 d early | 2021-16700200 |
| 31-12-2019 | 31-07-2020 | 16-07-2020 | 15 d early | 2020-30600015 |
| 31-12-2018 | 31-07-2019 | 12-08-2019 | 12 d late | 2019-45500175 |
| 31-12-2017 | 31-07-2018 | 06-06-2018 | 55 d early | 2018-16400179 |
| 31-12-2016 | 31-07-2017 | 30-05-2017 | 62 d early | 2017-13800368 |
| 31-12-2015 | 31-07-2016 | 27-05-2016 | 65 d early | 2016-13500337 |
| 31-12-2014 | 31-07-2015 | 03-08-2015 | 3 d late | 2015-39000504 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1989, 37 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 Flags
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.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.2%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Annual accounts: weaker financial profile
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-2k
Working capital€42k-5.3%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 05-06-2024 with the NBB · fiscal year 2023 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~33.5%/year over 6 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 2023 · NACE 43, Specialised construction · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 86.6% | 35.9% | |
| Net result | €-2k | €21k | |
| Equity | €42k | €91k | |
| Gross operating margin | €-326 | €111k | |
| Total assets | €49k | €354k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P95
Improving position over 2020-2023
· n=293-467
P17
Stable position over 2020-2023
· n=293-467
P35
Improving position over 2020-2023
· n=293-468
P6
Stable position over 2020-2023
· n=267-438
Describes the position versus peers, not a forecast.
€1k
-
18-23
€-2k
-
18-23
€-10k
-
18-23
€49k
-8.7%
18-23
€42k
-5.3%
18-23
€42k
-5.3%
18-23
€4k
-
18-23
€7k
-26.0%
18-23
€7k
-26.0%
18-23
7.47
+23.4%
18-23
7.47
+24.6%
18-23
86.6%
+3.8%
18-23
0.15
-21.9%
18-23
-5.6%
-
18-23
-4.8%
-
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | - |
| Net profit | €-2k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €49k |
| Equity | €42k |
| Debt | €7k |
| of which ≤ 1y | €7k |
| of which > 1y | - |
| Working capital | €42k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 7.47 |
| Quick ratio | 7.47 |
| Working capital ratio | 86.6% |
| Solvency | 86.6% |
| Debt / equity | 0.15 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -4.8% |
| ROE | -5.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €49k |
| Current assets | 29/58 | €49k |
| Amounts receivable within one year | 40/41 | €12k |
| Cash & bank | 54/58 | €37k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €49k |
| Equity | 10/15 | €42k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €22k |
| Amounts payable | 17/49 | €7k |
| Amounts payable within one year | 42/48 | €7k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €-326 |
| Operating result | 9901 | €-2k |
| Financial income | 75 | €26 |
| Financial charges | 65 | €588 |
| Result before taxes | 9903 | €-2k |
| Net result for the period | 9904 | €-2k |
| Result to be appropriated | 9905 | €-2k |
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed62
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
DTC ELH HOLDINGLegal entityDirector· perm. rep.: Cédric EL HOUSSINEState Gazette act 23477621 (28-12-2023)Current28-12-2023 → present
-
Cédric EL HOUSSINEDirector (executive)State Gazette act 23477621 (28-12-2023)Current30-01-2023 → present
2 events
- 28-12-2023 Appointed· Director (executive)
- 30-01-2023 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Sanitaire werkzaamheden(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 16-02-1989 |
| Status | Active |
| Postal code | 5310 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Rue des Oiseaux,Longchamps 45310 EghezéeEstablishment units
1 locationBEMA SPRL
since 19892.042.743.091
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area870 m²
Buildings1
Building footprint85 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92076B0030/00T000 | Wallonia | 870 m² | 1 · 85 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts All acts · 2
updated 2 years ago
2023
28-12-2023 2 directors appointed
- Cédric EL HOUSSINE, Bestuurder
- Cédric EL HOUSSINE, Directeur
Notary:
Giacomo NOTARRIGO · Liège
30-01-2023 Cédric EL HOUSSINE appointed as director
- Cédric EL HOUSSINE, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes68
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
62
Profitability
0
Solvency
100
Growth
78
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 970 of the 6,996 companies in this sector. 879 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Loodgieterswerk43221Sanitaire werkzaamheden43221Overig loodgieterswerk45332Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Installatie van verwarming, klimaatregeling en ventilatie45331
Primary activity highlighted.
Names & trade names
| Legal nameFR | BEMA |
Registered office
Rue des Oiseaux,Longchamps 4
5310 Eghezée, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.