BEN
ActiveSummary
BEN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139k and a net result of €46k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-8
Solvency64▼-36
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 3.23 in 2024; short-term debt: 38.2% and cash: 7.6% of total assets), and 61.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2025Solvency, return and age of the figures
Solvency
38.7%
Return on assets
12.7%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
27 d late
2023
51 d late
2022
60 d late
2021
3 d late
2020
89 d late
2019
83 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€139k▼ 23.7%
2024 · €182k
2018: €67klowest in 8 years
2019: €88k▲ +31.3% vs 2018
2020: €132k▲ +50.8% vs 2019
2021: €132k▲ +0.1% vs 2020
2022: €174k▲ +31.6% vs 2021
2023: €208k▲ +19.4% vs 2022highest in 8 years
2024: €182k▼ -12.3% vs 2023
2025: €139k▼ -23.7% vs 2024
2018 → 2025
Total assets
€360k▲ 77.4%
2024 · €203k
2018: €211k
2019: €186k▼ -11.9% vs 2018lowest in 8 years
2020: €206k▲ +10.9% vs 2019
2021: €214k▲ +3.9% vs 2020
2022: €211k▼ -1.2% vs 2021
2023: €237k▲ +12.4% vs 2022
2024: €203k▼ -14.6% vs 2023
2025: €360k▲ +77.4% vs 2024highest in 8 years
2018 → 2025
Net result
€46k▲ 16.1%
2024 · €39k
2018: €41k
2019: €38k▼ -7.4% vs 2018
2020: €45k▲ +16.9% vs 2019
2021: €45k▲ +2.1% vs 2020
2022: €42k▼ -8.0% vs 2021
2023: €34k▼ -19.1% vs 2022lowest in 8 years
2024: €39k▲ +16.2% vs 2023
2025: €46k▲ +16.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€5k▼ 88.7%
2024 · €45k
2018: €-19klowest in 8 years
2019: €-12k▲ +34.4% vs 2018
2020: €-5k▲ +59.3% vs 2019
2021: €-15k▼ -191% vs 2020
2022: €41k▲ +379% vs 2021
2023: €69k▲ +70.3% vs 2022highest in 8 years
2024: €45k▼ -34.2% vs 2023
2025: €5k▼ -88.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€132k-€174k▲ 31.6%€208k▲ 19.4%€182k▼ 12.3%€139k▼ 23.7%
2021: €132klowest in 5 years
2022: €174k▲ +31.6% vs 2021
2023: €208k▲ +19.4% vs 2022highest in 5 years
2024: €182k▼ -12.3% vs 2023
2025: €139k▼ -23.7% vs 2024
Operating result€58k-€58k=€47k▼ 19.7%€53k▲ 13.1%€64k▲ 20.5%
2021: €58k
2022: €58k● +0.0% vs 2021
2023: €47k▼ -19.7% vs 2022lowest in 5 years
2024: €53k▲ +13.1% vs 2023
2025: €64k▲ +20.5% vs 2024highest in 5 years
Net result€45k-€42k▼ 8.0%€34k▼ 19.1%€39k▲ 16.2%€46k▲ 16.1%
2021: €45k
2022: €42k▼ -8.0% vs 2021
2023: €34k▼ -19.1% vs 2022lowest in 5 years
2024: €39k▲ +16.2% vs 2023
2025: €46k▲ +16.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €360k
Fixed assets
€217k ▲ 58.8%
Current assets
€142k ▲ 116%
Equity and liabilities €360k
Equity
€139k ▼ 23.7%
Debt
€221k ▲ 981%
Debt's share of the balance-sheet total rises from 10.1% to 61.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79k▲
2024 · €63k
Cash flow
€61k▲
2024 · €50k
Current ratio
1.04▼
2024 · 3.23
Debt to equity
1.59▲
2024 · 0.11
ROE
32.8%▲
2024 · 21.6%
ROA
12.7%▼
2024 · 19.4%
Interest coverage
33.65▼
2024 · 53.68
Debt ≤ 1 year
€137k▲
2024 · €20k
Debt > 1 year
€83k
Income taxes
€19k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€203k€360k▲
Formation expenses20€0€0=
Fixed assets21/28€137k€217k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€137k€217k▲
Land and buildings22€62k€58k▼
Plant, machinery and equipment23€74k€158k▲
Furniture and vehicles24€289€1k▲
Financial fixed assets28€145€145=
Current assets29/58€66k€142k▲
Amounts receivable within one year40/41€51k€112k▲
Trade receivables40€7k€24k▲
Other amounts receivable41€43k€88k▲
Cash at bank and in hand54/58€15k€27k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€203k€360k▲
Equity10/15€182k€139k▼
Contributions10/11€6k€6k=
Reserves13€115k€117k▲
Tax-exempt reserves132€7k€7k=
Distributable reserves133€107k€110k▲
Profit (loss) carried forward14€61k€16k▼
Amounts payable17/49€20k€221k▲
Amounts payable after more than one year17-€83k
Financial debts170/4-€83k
Amounts payable within one year42/48€20k€137k▲
Current portion of amounts payable after more than one year42€6k€952▼
Trade debts44€7k€31k▲
Suppliers440/4€7k€31k▲
Taxes, remuneration and social security45€7k€17k▲
Taxes450/3€7k€17k▲
Other amounts payable47/48-€89k
Income statement
Code20242025
Remuneration, social security and pensions62€218-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€15k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€66k€82k▲
Operating profit (loss)9901€53k€64k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€55k€64k▲
Income taxes67/77€15k€19k▲
Profit (loss) for the period9904€39k€46k▲
Profit (loss) for the period to be appropriated9905€39k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€156k€107k▼
Profit (loss) brought forward from the previous period14P€117k€61k▼
Transfer from equity791/2-€42k
Transfer to equity691/2€30k€44k▲
To other reserves6921€30k€44k▲
Profit to be distributed694/7€65k€89k▲
Return on contributions (dividend)694€65k€89k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €218 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €13k | €10k | €15k | ▲ 47.6% |
| Other operating charges640/8 | €3k | €5k | €3k | €3k | €3k | ▼ 5.2% |
| Gross operating margin9900 | €74k | €75k | €63k | €66k | €82k | ▲ 23.2% |
| Operating profit (loss)9901 | €58k | €58k | €47k | €53k | €64k | ▲ 20.5% |
| Financial income75/76B | €2k | €2k | €2k | €3k | €3k | ▼ 2.4% |
| Recurring financial income75 | €2k | €2k | €2k | €3k | €3k | ▼ 2.4% |
| Financial charges65/66B | €2k | €2k | €1k | €1k | €2k | ▲ 99.3% |
| Recurring financial charges65 | €2k | €2k | €1k | €1k | €2k | ▲ 99.3% |
| Profit (loss) for the period before taxes9903 | €58k | €59k | €48k | €55k | €64k | ▲ 17.6% |
| Income taxes67/77 | €12k | €17k | €14k | €15k | €19k | ▲ 21.2% |
| Profit (loss) for the period9904 | €45k | €42k | €34k | €39k | €46k | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €45k | €42k | €34k | €39k | €46k | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214k | €211k | €237k | €203k | €360k | ▲ 77.4% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €151k | €146k | €145k | €137k | €217k | ▲ 58.8% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €150k | €146k | €145k | €137k | €217k | ▲ 58.8% |
| Land and buildings22 | €73k | €69k | €66k | €62k | €58k | ▼ 5.8% |
| Plant, machinery and equipment23 | €70k | €65k | €79k | €74k | €158k | ▲ 112% |
| Furniture and vehicles24 | €7k | €4k | €561 | €289 | €1k | ▲ 273% |
| Assets under construction and advance payments27 | - | €8k | - | - | - | - |
| Financial fixed assets28 | €470 | €470 | €145 | €145 | €145 | = |
| Current assets29/58 | €63k | €65k | €92k | €66k | €142k | ▲ 116% |
| Amounts receivable within one year40/41 | €42k | €53k | €67k | €51k | €112k | ▲ 121% |
| Trade receivables40 | €11k | €11k | €4k | €7k | €24k | ▲ 226% |
| Other amounts receivable41 | €32k | €41k | €63k | €43k | €88k | ▲ 104% |
| Cash at bank and in hand54/58 | €21k | €12k | €25k | €15k | €27k | ▲ 79.1% |
| Deferred charges and accrued income490/1 | - | €99 | €252 | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214k | €211k | €237k | €203k | €360k | ▲ 77.4% |
| Equity10/15 | €132k | €174k | €208k | €182k | €139k | ▼ 23.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €9k | €51k | €85k | €115k | €117k | ▲ 1.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €7k | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €42k | €77k | €107k | €110k | ▲ 2.0% |
| Profit (loss) carried forward14 | €117k | €117k | €117k | €61k | €16k | ▼ 74.1% |
| Amounts payable17/49 | €81k | €37k | €29k | €20k | €221k | ▲ 981% |
| Amounts payable after more than one year17 | €4k | €12k | €6k | - | €83k | - |
| Financial debts170/4 | €4k | €12k | €6k | - | €83k | - |
| Amounts payable within one year42/48 | €77k | €25k | €23k | €20k | €137k | ▲ 572% |
| Current portion of amounts payable after more than one year42 | €19k | €10k | €6k | €6k | €952 | ▼ 84.4% |
| Trade debts44 | €3k | €3k | €6k | €7k | €31k | ▲ 313% |
| Suppliers440/4 | €3k | €3k | €6k | €7k | €31k | ▲ 313% |
| Taxes, remuneration and social security45 | €10k | €11k | €11k | €7k | €17k | ▲ 142% |
| Taxes450/3 | €10k | €11k | €11k | €7k | €17k | ▲ 142% |
| Other amounts payable47/48 | €45k | - | - | - | €89k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €42k | €34k | €39k | €46k | ▲ 16.1% |
| + Depreciation and write-downs630 | €13k | €13k | €13k | €10k | €15k | ▲ 47.6% |
| Operating cash flow (approximation) | €58k | €55k | €47k | €50k | €61k | ▲ 22.7% |
| Investment in fixed assets (approximation) | - | €-8k | €-12k | €-2k | €-96k | ▼ 4,380% |
| Change in cash | - | €-8k | €12k | €-9k | €12k | ▲ 227% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €46k ▲16.1%
Operating result €64k, net result €46k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Weakest financial yearnet €34k ▼19.1%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €208k ▲19.4%
6 profitable years in a row build equity to €208k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 2.65
Current ratio from 0.81 to 2.65; short-term debt falls from €77k to €25k.
31-12
Financial
Equity above €150kEq €174k ▲31.6%
5 profitable years in a row build equity to €174k.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Equity above €100kEq €132k ▲50.8%
3 profitable years in a row build equity to €132k.
Show earlier events
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
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, Herstal · 1 establishment unit since 2002
Ground area
588 m²
Building footprint
87 m²
Volume, LiDAR
635 m³
Parcel 62071B0544/00L000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Masuy 122, 4041 Herstal
since 20022.098.949.643
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071B0544/00L000 | Wallonia | 588 m² | 1 · 87 m² | 8.7 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,888 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
Founded28-11-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.