BEMACO
ActiveSummary
BEMACO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €768,181 and a net result of €63,553. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 87% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-23
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 8.4 against 9.79 in 2023; short-term debt: 9.4% and cash: 15.2% of total assets), and 16.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.8%
Return on assets
6.9%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €768,181
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
33 d early
2022
49 d early
2021
44 d early
2020
46 d early
2019
46 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 42 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#9 company by equity in Moorslede, Manufacturing sector#9 oldest company in Moorslede, Manufacturing sector
Equity
€768,181▲ 2.7%
2023 · €747,628
Total assets
€916,588▲ 12.0%
2023 · €818,679
Net result
€63,553▼ 69.8%
2023 · €210,474
Working capital
€635,182▲ 2.9%
2023 · €617,301
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€54,758▼ 3.0%€50,779▼ 7.3%€49,847▼ 1.8%€267,046▲ 436%€79,040▼ 70.4%
Net result€45,999▲ 7.1%€29,615▼ 35.6%€42,068▲ 42.1%€210,474▲ 400%€63,553▼ 69.8%
Equity€744,379▲ 6.6%€773,994▲ 4.0%€537,154▼ 30.6%€747,628▲ 39.2%€768,181▲ 2.7%
Total assets€882,607▲ 4.5%€863,294▼ 2.2%€775,211▼ 10.2%€818,679▲ 5.6%€916,588▲ 12.0%
Debt€138,228▼ 5.4%€89,300▼ 35.4%€238,058▲ 167%€71,052▼ 70.2%€148,407▲ 109%
Working capital€595,169▼ 7.5%€630,639▲ 6.0%€380,989▼ 39.6%€617,301▲ 62.0%€635,182▲ 2.9%
Staff (FTE)0.7▼ 30.0%1▲ 42.9%1=1=1=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -70% on 2023. Cause not known from the registers.
- 2023 Net result +400% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 70% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €916,588
Fixed assets
€195,618 ▲ 49.2%
Current assets
€720,970 ▲ 4.9%
Equity and liabilities €916,588
Equity
€768,181 ▲ 2.7%
Debt
€148,407 ▲ 109%
Debt's share of the balance-sheet total rises from 8.7% to 16.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124,048▼
2023 · €311,746
Cash flow
€108,561▼
2023 · €255,174
Current ratio
8.40▼
2023 · 9.79
Quick ratio
7.86▼
2023 · 8.95
Debt to equity
0.19▲
2023 · 0.10
ROE
8.3%▼
2023 · 28.2%
ROA
6.9%▼
2023 · 25.7%
Interest coverage
48.99▼
2023 · 361.38
Debt ≤ 1 year
€85,788▲
2023 · €70,237
Debt > 1 year
€61,954
Income taxes
€21,529▼
2023 · €63,863
Staff costs
€24,615▲
2023 · €24,129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 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 0.6% 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 31,324 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 | - | €1,240 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €26,921 | €22,652 | €24,129 | €24,615 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,789 | €35,435 | €47,402 | €44,700 | €45,008 | ▲ 0.7% |
| Other operating charges640/8 | - | €3,297 | €9,104 | €1,654 | €965 | ▼ 41.7% |
| Non-recurring operating charges66A | - | €1,007 | - | - | - | - |
| Gross operating margin9900 | €134,006 | €117,438 | €129,005 | €337,528 | €149,628 | ▼ 55.7% |
| Operating profit (loss)9901 | €54,758 | €50,779 | €49,847 | €267,046 | €79,040 | ▼ 70.4% |
| Financial income75/76B | - | €7,991 | €9,099 | €8,154 | €8,575 | ▲ 5.2% |
| Recurring financial income75 | €8,952 | €7,991 | €9,099 | €8,154 | €8,575 | ▲ 5.2% |
| Financial charges65/66B | - | €3,800 | €1,283 | €863 | €2,532 | ▲ 194% |
| Recurring financial charges65 | €4,539 | €3,800 | €1,283 | €863 | €2,532 | ▲ 194% |
| Profit (loss) for the period before taxes9903 | €59,170 | €54,971 | €57,663 | €274,337 | €85,083 | ▼ 69.0% |
| Income taxes67/77 | €13,172 | €25,356 | €15,595 | €63,863 | €21,529 | ▼ 66.3% |
| Profit (loss) for the period9904 | €45,999 | €29,615 | €42,068 | €210,474 | €63,553 | ▼ 69.8% |
| Transfer from tax-exempt reserves789 | - | €56,250 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €45,999 | €85,865 | €42,068 | €210,474 | €63,553 | ▼ 69.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €882,607 | €863,294 | €775,211 | €818,679 | €916,588 | ▲ 12.0% |
| Fixed assets21/28 | €151,877 | €145,983 | €156,931 | €131,141 | €195,618 | ▲ 49.2% |
| Intangible fixed assets21 | €1,320 | €660 | - | - | - | - |
| Tangible fixed assets22/27 | €150,422 | €145,188 | €156,796 | €131,006 | €195,483 | ▲ 49.2% |
| Plant, machinery and equipment23 | - | €66,250 | €87,169 | €70,612 | €124,405 | ▲ 76.2% |
| Furniture and vehicles24 | - | €190 | €56 | - | €19,861 | - |
| Other tangible fixed assets26 | - | €78,748 | €69,571 | €60,394 | €51,217 | ▼ 15.2% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €730,730 | €717,311 | €618,280 | €687,538 | €720,970 | ▲ 4.9% |
| Stocks and contracts in progress3 | €35,065 | €60,161 | €78,360 | €58,925 | €46,644 | ▼ 20.8% |
| Stocks30/36 | - | €60,161 | €78,360 | €58,925 | €46,644 | ▼ 20.8% |
| Amounts receivable within one year40/41 | €286,986 | €229,999 | €272,574 | €230,652 | €274,276 | ▲ 18.9% |
| Trade receivables40 | - | €34,089 | €78,888 | €21,212 | €52,483 | ▲ 147% |
| Other amounts receivable41 | - | €195,910 | €193,686 | €209,439 | €221,793 | ▲ 5.9% |
| Current investments50/53 | €174,942 | €187,197 | €82,907 | €94,906 | €257,083 | ▲ 171% |
| Cash at bank and in hand54/58 | €227,804 | €233,892 | €180,705 | €299,825 | €139,669 | ▼ 53.4% |
| Deferred charges and accrued income490/1 | - | €6,062 | €3,735 | €3,231 | €3,297 | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €882,607 | €863,294 | €775,211 | €818,679 | €916,588 | ▲ 12.0% |
| Equity10/15 | €744,379 | €773,994 | €537,154 | €747,628 | €768,181 | ▲ 2.7% |
| Contributions10/11 | - | €327,250 | €48,342 | €48,342 | €48,342 | = |
| Reserves13 | €446,879 | €446,744 | €488,812 | €488,812 | €508,812 | ▲ 4.1% |
| Distributable reserves133 | - | €446,744 | €488,812 | €488,812 | €508,812 | ▲ 4.1% |
| Profit (loss) carried forward14 | - | - | - | €210,474 | €211,027 | ▲ 0.3% |
| Amounts payable17/49 | €138,228 | €89,300 | €238,058 | €71,052 | €148,407 | ▲ 109% |
| Amounts payable after more than one year17 | - | - | - | - | €61,954 | - |
| Financial debts170/4 | - | - | - | - | €61,954 | - |
| Amounts payable within one year42/48 | €135,562 | €86,672 | €237,291 | €70,237 | €85,788 | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,118 | - |
| Trade debts44 | €22,404 | €36,026 | €24,863 | €18,889 | €16,784 | ▼ 11.1% |
| Suppliers440/4 | - | €36,026 | €24,863 | €18,889 | €16,784 | ▼ 11.1% |
| Taxes, remuneration and social security45 | - | €22,044 | €22,873 | €10,627 | €19,595 | ▲ 84.4% |
| Taxes450/3 | - | €15,963 | €16,627 | €5,175 | €13,479 | ▲ 160% |
| Remuneration and social security454/9 | - | €6,081 | €6,246 | €5,451 | €6,116 | ▲ 12.2% |
| Other amounts payable47/48 | - | €28,602 | €189,554 | €40,721 | €33,291 | ▼ 18.2% |
| Accrued charges and deferred income492/3 | - | €2,629 | €767 | €814 | €666 | ▼ 18.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,999 | €29,615 | €42,068 | €210,474 | €63,553 | ▼ 69.8% |
| + Depreciation and write-downs630 | €47,789 | €35,435 | €47,402 | €44,700 | €45,008 | ▲ 0.7% |
| Operating cash flow (approximation) | €93,788 | €65,049 | €89,470 | €255,174 | €108,561 | ▼ 57.5% |
| Investment in fixed assets (approximation) | - | -€29,540 | -€58,350 | -€18,910 | -€109,486 | ▼ 479% |
| Change in cash | - | €6,088 | -€53,187 | €119,120 | -€160,156 | ▼ 234% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €210,474 ▲400%
Operating result €267,046, net result €210,474, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 9.79
Current ratio from 2.61 to 9.79; short-term debt falls from €237,291 to €70,237.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €29,615 ▼35.6%
Net result drops to €29,615, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
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 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, Moorslede · 1 establishment unit since 1999
Ground area
3,613 m²
Building footprint
1,999 m²
Volume, LiDAR
1 m³
Parcel 36012B1048/00A000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BEMACO
since 19992.090.194.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012B1048/00A000 | Flanders | 3,613 m² | 1 · 1,999 m² | 0.1 m |
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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesBEMACO BV29189
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,435 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
Founded18-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464842806
Also
9925:BE0464842806
Registered
22-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.