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BEMAKO

Active
Private limited companyfounded 1991active for 35 yearsL. Van Merrisstraat 30, 8970 Poperinge, BelgiumKBO/BCE: BE 0444.677.395
Summary

BEMAKO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,807) and a net result of €2,440. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 9% of 39,200 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Financials · financial year 2025, micro format

Turnover
≈ €13,000
Estimated: probably between €6,100 and €27,000
Total assets
€75,987▲ 1.6%
2024 · €74,805
Net result
€2,440▼ 58.3%
2024 · €5,851
Working capital
-€2,807▲ 47.2%
2024 · -€5,313
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 56% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€2,650 2025 Net result€2,440 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€11,761--€2,467▲ 79.0%€6,304€5,064▼ 19.7%€5,339▲ 5.4%€6,045▲ 13.2%€2,650▼ 56.2%
Net result-€12,933--€3,234below the sector's middle half▲ 75.0%€5,407within the sector's middle half€4,327within the sector's middle half▼ 20.0%€4,776within the sector's middle half▲ 10.4%€5,851within the sector's middle half▲ 22.5%€2,440below the sector's middle half▼ 58.3%
Equity-€22,375--€25,609below the sector's middle half▼ 14.5%-€20,202below the sector's middle half▲ 21.1%-€15,874below the sector's middle half▲ 21.4%-€11,098below the sector's middle half▲ 30.1%-€5,247below the sector's middle half▲ 52.7%-€2,807below the sector's middle half▲ 46.5%
Total assets€93,698-€64,517below the sector's middle half▼ 31.1%€67,863below the sector's middle half▲ 5.2%€70,473below the sector's middle half▲ 3.8%€73,203below the sector's middle half▲ 3.9%€74,805below the sector's middle half▲ 2.2%€75,987below the sector's middle half▲ 1.6%
Debt€116,073-€90,126▼ 22.4%€88,065▼ 2.3%€86,347▼ 2.0%€84,301▼ 2.4%€80,052▼ 5.0%€78,794▼ 1.6%
Working capital-€22,375--€25,609below the sector's middle half▼ 14.5%-€20,202below the sector's middle half▲ 21.1%-€16,740below the sector's middle half▲ 17.1%-€11,564below the sector's middle half▲ 30.9%-€5,313below the sector's middle half▲ 54.1%-€2,807below the sector's middle half▲ 47.2%
Solvency-23.9%--39.7%below the sector's middle half▼ 15.8pp-29.8%below the sector's middle half▲ 9.9pp-22.5%below the sector's middle half▲ 7.2pp-15.2%below the sector's middle half▲ 7.4pp-7.0%below the sector's middle half▲ 8.1pp-3.7%below the sector's middle half▲ 3.3pp
Current ratio0.81-0.72below the sector's middle half▼ 0.090.77below the sector's middle half▲ 0.050.81below the sector's middle half▲ 0.040.86below the sector's middle half▲ 0.060.93below the sector's middle half▲ 0.070.96below the sector's middle half▲ 0.03
Return on assets (ROA)-13.8%--5.0%below the sector's middle half▲ 8.8pp8.0%within the sector's middle half▲ 13.0pp6.1%within the sector's middle half▼ 1.8pp6.5%within the sector's middle half▲ 0.4pp7.8%within the sector's middle half▲ 1.3pp3.2%within the sector's middle half▼ 4.6pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,717▼
2024 · €6,445
Cash flow
€2,507▼
2024 · €6,250
Interest coverage
12.93▼
2024 · 33.07
Debt ≤ 1 year
€78,794▼
2024 · €80,052
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,449 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92.2% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit under 5% of the balance sheet
2.5% went bankrupt
4.8% stopped otherwise
92.2% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% 0.9%
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 74.5% 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 1,449 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€74,805€75,987▲
Fixed assets21/28€67-
Tangible fixed assets22/27€67-
Furniture and vehicles24€67-
Current assets29/58€74,738€75,987▲
Amounts receivable within one year40/41€74,738€75,987▲
Trade receivables40€1,771€2,225▲
Other amounts receivable41€72,967€73,763▲
Equity and liabilities
Total equity and liabilities10/49€74,805€75,987▲
Equity10/15-€5,247-€2,807▲
Contributions10/11€18,592€18,592=
Reserves13€1,087€1,087=
Non-distributable reserves130/1€1,087-
Reserves not available under the articles1311€1,087-
Distributable reserves133-€1,087
Profit (loss) carried forward14-€24,925-€22,485▲
Amounts payable17/49€80,052€78,794▼
Amounts payable within one year42/48€80,052€78,794▼
Financial debts43€319€1,057▲
Credit institutions430/8€319€1,057▲
Trade debts44€57€269▲
Suppliers440/4€57€269▲
Other amounts payable47/48€79,676€77,468▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€399€67▼
Other operating charges640/8€165€126▼
Gross operating margin9900€6,610€2,843▼
Operating profit (loss)9901€6,045€2,650▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€195€210▲
Recurring financial charges65€195€210▲
Profit (loss) for the period before taxes9903€5,851€2,440▼
Profit (loss) for the period9904€5,851€2,440▼
Profit (loss) for the period to be appropriated9905€5,851€2,440▼
Appropriation of the result
Profit (loss) to be appropriated9906-€24,925-€22,485▲
Profit (loss) brought forward from the previous period14P-€30,776-€24,925▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€333€399€399€67▼ 83.3%
Other operating charges640/8--€111-€112€165€126▼ 23.6%
Gross operating margin9900-€11,372-€2,358€6,415€5,397€5,851€6,610€2,843▼ 57.0%
Operating profit (loss)9901-€11,761-€2,467€6,304€5,064€5,339€6,045€2,650▼ 56.2%
Financial income75/76B--€1€0-€1€0▼ 98.6%
Recurring financial income75--€1€0-€1€0▼ 98.6%
Financial charges65/66B--€898€737€563€195€210▲ 7.8%
Recurring financial charges65€884€767€898€737€563€195€210▲ 7.8%
Profit (loss) for the period before taxes9903-€12,645-€3,234€5,407€4,327€4,776€5,851€2,440▼ 58.3%
Income taxes67/77€288-------
Profit (loss) for the period9904-€12,933-€3,234€5,407€4,327€4,776€5,851€2,440▼ 58.3%
Profit (loss) for the period to be appropriated9905-€12,933-€3,234€5,407€4,327€4,776€5,851€2,440▼ 58.3%
Line2019202020212022202320242025Change
Assets
Total assets20/58€93,698€64,517€67,863€70,473€73,203€74,805€75,987▲ 1.6%
Fixed assets21/28---€865€466€67--
Tangible fixed assets22/27---€865€466€67--
Furniture and vehicles24---€865€466€67--
Current assets29/58€93,698€64,517€67,863€69,608€72,737€74,738€75,987▲ 1.7%
Amounts receivable within one year40/41€85,646€63,733€66,586€69,554€71,541€74,738€75,987▲ 1.7%
Trade receivables40--€1,148€2,062€592€1,771€2,225▲ 25.6%
Other amounts receivable41--€65,438€67,492€70,949€72,967€73,763▲ 1.1%
Cash at bank and in hand54/58€8,052€784€1,277€53€1,196---
Equity and liabilities
Total equity and liabilities10/49€93,698€64,517€67,863€70,473€73,203€74,805€75,987▲ 1.6%
Equity10/15-€22,375-€25,609-€20,202-€15,874-€11,098-€5,247-€2,807▲ 46.5%
Contributions10/11€18,592-€18,592€18,592€18,592€18,592€18,592=
Reserves13€1,087€1,087€1,087€1,087€1,087€1,087€1,087=
Non-distributable reserves130/1--€1,087€1,087€1,087€1,087--
Reserves not available under the articles1311--€1,087€1,087€1,087€1,087--
Distributable reserves133------€1,087-
Profit (loss) carried forward14-€42,054-€45,288-€39,881-€35,553-€30,776-€24,925-€22,485▲ 9.8%
Amounts payable17/49€116,073€90,126€88,065€86,347€84,301€80,052€78,794▼ 1.6%
Amounts payable within one year42/48€116,073€90,126€88,065€86,347€84,301€80,052€78,794▼ 1.6%
Financial debts43--€2,000€2,551-€319€1,057▲ 231%
Credit institutions430/8--€2,000€2,551-€319€1,057▲ 231%
Trade debts44€1,091€192€250€344€99€57€269▲ 376%
Suppliers440/4--€250€344€99€57€269▲ 376%
Other amounts payable47/48--€85,815€83,452€84,201€79,676€77,468▼ 2.8%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€12,933-€3,234€5,407€4,327€4,776€5,851€2,440▼ 58.3%
+ Depreciation and write-downs630---€333€399€399€67▼ 83.3%
Operating cash flow (approximation)-€12,933-€3,234€5,407€4,660€5,176€6,250€2,507▼ 59.9%
Investment in fixed assets (approximation)----€0€0--
Change in cash--€7,268€493-€1,224€1,142---

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

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Latest 10 of 29 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 micro format 10-04-2026 2026-00076511
30-09-2024 micro format 28-03-2025 2025-00056408
30-09-2023 micro format 25-04-2024 2024-00068931
30-09-2022 micro format 15-04-2023 2023-00059615
30-09-2021 micro format 27-04-2022 2022-20009354
30-09-2020 micro format 30-04-2021 2021-12000316
30-09-2019 micro format 09-04-2020 2020-08800434
30-09-2018 micro format 29-04-2019 2019-11000064
30-09-2017 micro format 28-04-2018 2018-11300369
30-09-2016 abbreviated format 27-03-2017 2017-07100552

Show all 29 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 82,511 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,625. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.