BEMA
ActiveSummary
The computed 12-month bankruptcy probability of BEMA is 1.7% (moderate). The 2024 annual accounts show negative equity (-€30,835) and a net result of -€6,585. Equity is shrinking by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 7454 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.48 in 2023; short-term debt: 255.7% and cash: 16.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-155.7%
Return on assets
-33.2%
Age of the figures
21 mo
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€30,835
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
42 d early
2022
38 d early
2021
39 d early
2020
59 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€30,835▼ 27.2%
2023 · -€24,250
Total assets
€19,809▼ 31.6%
2023 · €28,946
Net result
-€6,585▲ 92.2%
2023 · -€84,102
Working capital
-€42,562▼ 55.2%
2023 · -€27,423
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,068▲ 162%€2,400▼ 81.6%-€16,872-€83,099▼ 393%-€6,037▲ 92.7%
Net result€6,950▲ 105%€446▼ 93.6%-€18,229-€84,102▼ 361%-€6,585▲ 92.2%
Equity€77,635▲ 9.8%€78,081▲ 0.6%€59,852▼ 23.3%-€24,250-€30,835▼ 27.2%
Total assets€165,611▲ 11.6%€160,680▼ 3.0%€139,619▼ 13.1%€28,946▼ 79.3%€19,809▼ 31.6%
Debt€87,976▲ 13.3%€82,599▼ 6.1%€79,768▼ 3.4%€53,196▼ 33.3%€50,644▼ 4.8%
Working capital€69,735▲ 6.6%€70,373▲ 0.9%€53,591▼ 23.8%-€27,423-€42,562▼ 55.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,037 in 2024 against €83,099 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19,809
Fixed assets
€11,727 ▲ 270%
Current assets
€8,082 ▼ 68.6%
Key figures and ratios
EBITDA
-€4,079▲
2023 · -€82,276
Cash flow
-€4,626▲
2023 · -€83,278
Solvency
-155.7%▼
2023 · -83.8%
Current ratio
0.16▼
2023 · 0.48
Quick ratio
0.15▼
2023 · 0.48
Debt to equity
-1.64▲
2023 · -2.19
ROA
-33.2%▲
2023 · -290.5%
Interest coverage
-11.64▲
2023 · -103.60
Debt ≤ 1 year
€50,644▼
2023 · €53,196
Income taxes
€197▼
2023 · €209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,058 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% | 1.6% |
| 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 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 6,640 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,600 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €943 | €1,450 | €1,447 | €823 | €1,958 | ▲ 138% |
| Other operating charges640/8 | - | €1,599 | €1,285 | €986 | €719 | ▼ 27.0% |
| Non-recurring operating charges66A | - | - | - | €2,900 | - | - |
| Gross operating margin9900 | €15,069 | €5,449 | -€14,140 | -€78,390 | -€3,360 | ▲ 95.7% |
| Operating profit (loss)9901 | €13,068 | €2,400 | -€16,872 | -€83,099 | -€6,037 | ▲ 92.7% |
| Financial income75/76B | - | - | €202 | €0 | €0 | ▼ 92.3% |
| Recurring financial income75 | €1 | - | €202 | €0 | €0 | ▼ 92.3% |
| Financial charges65/66B | - | €1,593 | €1,385 | €794 | €351 | ▼ 55.9% |
| Recurring financial charges65 | €2,367 | €1,593 | €1,385 | €794 | €351 | ▼ 55.9% |
| Profit (loss) for the period before taxes9903 | €10,702 | €807 | -€18,055 | -€83,893 | -€6,388 | ▲ 92.4% |
| Income taxes67/77 | €3,752 | €361 | €174 | €209 | €197 | ▼ 5.5% |
| Profit (loss) for the period9904 | €6,950 | €446 | -€18,229 | -€84,102 | -€6,585 | ▲ 92.2% |
| Profit (loss) for the period to be appropriated9905 | €6,950 | €446 | -€18,229 | -€84,102 | -€6,585 | ▲ 92.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,611 | €160,680 | €139,619 | €28,946 | €19,809 | ▼ 31.6% |
| Fixed assets21/28 | €7,900 | €7,708 | €6,261 | €3,173 | €11,727 | ▲ 270% |
| Tangible fixed assets22/27 | €6,050 | €5,858 | €4,411 | €3,173 | €11,727 | ▲ 270% |
| Land and buildings22 | - | €2,995 | €2,525 | €2,055 | €1,585 | ▼ 22.9% |
| Plant, machinery and equipment23 | - | €2,489 | €1,886 | €1,118 | €739 | ▼ 33.9% |
| Furniture and vehicles24 | - | €374 | - | - | €9,402 | - |
| Financial fixed assets28 | €1,850 | €1,850 | €1,850 | - | - | - |
| Current assets29/58 | €157,711 | €152,973 | €133,359 | €25,773 | €8,082 | ▼ 68.6% |
| Stocks and contracts in progress3 | €126,411 | €132,661 | €105,270 | €500 | €500 | = |
| Stocks30/36 | - | €125,661 | €105,270 | €500 | €500 | = |
| Contracts in progress37 | - | €7,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €4,262 | €15,255 | €16,301 | €5,179 | €4,262 | ▼ 17.7% |
| Trade receivables40 | - | €11,972 | €16,301 | €5,179 | €2,652 | ▼ 48.8% |
| Other amounts receivable41 | - | €3,283 | - | - | €1,610 | - |
| Cash at bank and in hand54/58 | €26,167 | €4,839 | €11,666 | €19,606 | €3,320 | ▼ 83.1% |
| Deferred charges and accrued income490/1 | - | €218 | €122 | €487 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,611 | €160,680 | €139,619 | €28,946 | €19,809 | ▼ 31.6% |
| Equity10/15 | €77,635 | €78,081 | €59,852 | -€24,250 | -€30,835 | ▼ 27.2% |
| Contributions10/11 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €58,635 | €59,081 | €40,852 | €40,852 | €40,852 | = |
| Distributable reserves133 | - | €59,081 | €40,852 | €40,852 | €40,852 | = |
| Profit (loss) carried forward14 | - | - | - | -€84,102 | -€90,687 | ▼ 7.8% |
| Amounts payable17/49 | €87,976 | €82,599 | €79,768 | €53,196 | €50,644 | ▼ 4.8% |
| Amounts payable within one year42/48 | €87,976 | €82,599 | €79,768 | €53,196 | €50,644 | ▼ 4.8% |
| Trade debts44 | €38,102 | €33,430 | €26,891 | €1,710 | €3,022 | ▲ 76.7% |
| Suppliers440/4 | - | €33,430 | €26,891 | €1,710 | €3,022 | ▲ 76.7% |
| Taxes, remuneration and social security45 | - | €4,113 | €858 | €3,550 | €197 | ▼ 94.4% |
| Taxes450/3 | - | €4,113 | €858 | €3,550 | €197 | ▼ 94.4% |
| Other amounts payable47/48 | - | €45,057 | €52,018 | €47,935 | €47,424 | ▼ 1.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,950 | €446 | -€18,229 | -€84,102 | -€6,585 | ▲ 92.2% |
| + Depreciation and write-downs630 | €943 | €1,450 | €1,447 | €823 | €1,958 | ▲ 138% |
| Operating cash flow (approximation) | €7,893 | €1,896 | -€16,782 | -€83,278 | -€4,626 | ▲ 94.4% |
| Investment in fixed assets (approximation) | - | -€1,258 | €0 | €2,264 | -€10,512 | ▼ 564% |
| Change in cash | - | -€21,328 | €6,827 | €7,940 | -€16,285 | ▼ 305% |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€84,102
Net result drops to -€84,102, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ravels · 1 establishment unit since 2001
Ground area
778 m²
Building footprint
187 m²
Volume, LiDAR
736 m³
Parcel 13035A0004/00P064, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Roger M
since 20012.100.038.419
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13035A0004/00P064 | Flanders | 778 m² | 1 · 187 m² | 7.4 m · 1 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,174 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
Founded04-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473417606
Also
9925:BE0473417606
Registered
04-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.