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BENBOTEC

Active
Private limited companyfounded 2020active for 6 yearsSint-Krispijnstraat 6, 8900 Ieper, BelgiumKBO/BCE: BE 0755.411.452

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-04-2026 PDF all 5 filings

Turnover
≈ €520,000
Estimated: probably between €370,000 and €800,000
Total assets
€308,495▲ 0.9%
2024 · €305,875
Net result
€19,409▼ 41.0%
2024 · €32,902
Working capital
€44,770▼ 52.0%
2024 · €93,203
Trend over the years

2021 to 2025, 5 financial years

The operating result for 2025 is 38% lower than in 2024. It is the second fall in a row.

Operating result€27,303 2025 Net result€19,409 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

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

The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€16,287-€18,748▲ 15.1%€49,079▲ 162%€43,755▼ 10.8%€27,303▼ 37.6%
Net result€11,598within the sector's middle half-€12,643within the sector's middle half▲ 9.0%€37,036above the sector's middle half▲ 193%€32,902above the sector's middle half▼ 11.2%€19,409within the sector's middle half▼ 41.0%
Equity€14,598within the sector's middle half-€27,240within the sector's middle half▲ 86.6%€64,276within the sector's middle half▲ 136%€97,178within the sector's middle half▲ 51.2%€55,311within the sector's middle half▼ 43.1%
Total assets€203,043within the sector's middle half-€153,962within the sector's middle half▼ 24.2%€287,521within the sector's middle half▲ 86.7%€305,875above the sector's middle half▲ 6.4%€308,495above the sector's middle half▲ 0.9%
Debt€188,445-€126,722▼ 32.8%€223,245▲ 76.2%€208,697▼ 6.5%€253,183▲ 21.3%
Working capital€14,222within the sector's middle half-€19,504within the sector's middle half▲ 37.1%€150,657above the sector's middle half▲ 672%€93,203above the sector's middle half▼ 38.1%€44,770within the sector's middle half▼ 52.0%
Solvency7.2%below the sector's middle half-17.7%within the sector's middle half▲ 10.5pp22.4%within the sector's middle half▲ 4.7pp31.8%within the sector's middle half▲ 9.4pp17.9%below the sector's middle half▼ 13.8pp
Current ratio1.08within the sector's middle half-1.15within the sector's middle half▲ 0.082.17within the sector's middle half▲ 1.011.47within the sector's middle half▼ 0.691.18within the sector's middle half▼ 0.29
Return on assets (ROA)5.7%within the sector's middle half-8.2%within the sector's middle half▲ 2.5pp12.9%within the sector's middle half▲ 4.7pp10.8%within the sector's middle half▼ 2.1pp6.3%within the sector's middle half▼ 4.5pp
Staff (FTE)2.3-1.9▼ 17.4%1▼ 47.4%1.2▲ 20.0%2.1▲ 75.0%
above within below The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,495
Fixed assets €10,542 ▼ 29.6%
Current assets €297,953 ▲ 2.4%
Equity and liabilities €308,495
Equity €55,311 ▼ 43.1%
Debt €253,183 ▲ 21.3%
Debt's share of the balance-sheet total rises from 68.2% to 82.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€31,737▼
2024 · €47,099
Cash flow
€23,843▼
2024 · €36,245
Quick ratio
0.91▼
2024 · 1.38
Debt to equity
4.58▲
2024 · 2.15
ROE
35.1%▲
2024 · 33.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€253,183▲
2024 · €197,697
Income taxes
€7,751▼
2024 · €10,688
Staff costs
€125,961▲
2024 · €71,735
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as BENBOTEC: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €292,000 and €318,000, founded between 2019 and 2021.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
BENBOTEC Ieper2020€308,495€55,311€159,477€19,409-2025
HOLDIET BOUW- & VLOERWERKEN Hooglede2020€296,859€161,885€137,385€68,644-2025
EREVA Middelkerke2019€298,762€63,592€176,861€44,860-2025
DMS CONSTRUCT Beernem2021€318,002€160,755€202,875€32,23622025
Paintcrew Herent2020€291,756€26,998€146,809-€63,9693.72025
PCD-SERVICES Wemmel2021€299,344€123,332€151,472€15,893-2025
Tirga-Group Aarschot2021€310,543€66,102€147,315€101,159-2025

They were chosen from the 15,546 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 6,713 companies had the same profile as BENBOTEC has now. Two years later, 1.8% had gone bankrupt and 95.8% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
95.8% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BENBOTEC itself: 1.2% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,713 companies, not a prediction for BENBOTEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €263 awarded · €251 paid
Year Entries AwardedPaid
2025 1 €120€108
2024 1 €143€143
Schemes
2 entries · €263 · €251 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Source: Annual accounts 2025 (PDF), filed on 30-04-2026.

Balance sheet Code20242025
Assets
Total assets20/58€305,875€308,495▲
Fixed assets21/28€14,975€10,542▼
Tangible fixed assets22/27€14,975€10,542▼
Plant, machinery and equipment23€9,022€6,743▼
Furniture and vehicles24€5,953€3,799▼
Current assets29/58€290,900€297,953▲
Stocks and contracts in progress3€18,283€67,193▲
Stocks30/36€18,283€22,396▲
Contracts in progress37-€44,797
Amounts receivable within one year40/41€124,456€140,420▲
Trade receivables40€116,607€120,892▲
Other amounts receivable41€7,848€19,528▲
Cash at bank and in hand54/58€138,159€86,786▼
Deferred charges and accrued income490/1€10,002€3,554▼
Equity and liabilities
Total equity and liabilities10/49€305,875€308,495▲
Equity10/15€97,178€55,311▼
Contributions10/11€3,000€3,000=
Reserves13€94,178€52,311▼
Distributable reserves133€94,178€52,311▼
Amounts payable17/49€208,697€253,183▲
Amounts payable within one year42/48€197,697€253,183▲
Trade debts44€166,356€200,400▲
Suppliers440/4€166,356€200,400▲
Taxes, remuneration and social security45€5,238€10,733▲
Taxes450/3€2,153€2,926▲
Remuneration and social security454/9€3,085€7,808▲
Other amounts payable47/48€26,103€42,050▲
Accrued charges and deferred income492/3€11,000-
Income statement Code20242025
Remuneration, social security and pensions62€71,735€125,961▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,343€4,434▲
Other operating charges640/8€1,238€1,779▲
Non-recurring operating charges66A€1,075-
Gross operating margin9900€121,145€159,477▲
Operating profit (loss)9901€43,755€27,303▼
Financial charges65/66B€166€143▼
Recurring financial charges65€166€143▼
Profit (loss) for the period before taxes9903€43,590€27,160▼
Income taxes67/77€10,688€7,751▼
Profit (loss) for the period9904€32,902€19,409▼
Profit (loss) for the period to be appropriated9905€32,902€19,409▼
Appropriation of the result
Profit (loss) to be appropriated9906€32,902€19,409▼
Transfer from equity791/2-€61,276
Transfer to equity691/2€32,902€19,409▼
To other reserves6921€32,902€19,409▼
Profit to be distributed694/7-€61,276
Return on contributions (dividend)694-€61,276

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20212022202320242025Change
Remuneration, social security and pensions62€91,233€92,114€64,787€71,735€125,961▲ 75.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,261€2,499€3,112€3,343€4,434▲ 32.6%
Other operating charges640/8€875€576€760€1,238€1,779▲ 43.8%
Non-recurring operating charges66A---€1,075--
Gross operating margin9900€109,656€113,938€117,737€121,145€159,477▲ 31.6%
Operating profit (loss)9901€16,287€18,748€49,079€43,755€27,303▼ 37.6%
Financial income75/76B€58-----
Recurring financial income75€58-----
Financial charges65/66B€329€103€102€166€143▼ 13.8%
Recurring financial charges65€329€103€102€166€143▼ 13.8%
Profit (loss) for the period before taxes9903€16,016€18,645€48,977€43,590€27,160▼ 37.7%
Income taxes67/77€4,418€6,002€11,940€10,688€7,751▼ 27.5%
Profit (loss) for the period9904€11,598€12,643€37,036€32,902€19,409▼ 41.0%
Profit (loss) for the period to be appropriated9905€11,598€12,643€37,036€32,902€19,409▼ 41.0%
Line20212022202320242025Change
Assets
Total assets20/58€203,043€153,962€287,521€305,875€308,495▲ 0.9%
Fixed assets21/28€7,187€7,737€7,620€14,975€10,542▼ 29.6%
Tangible fixed assets22/27€7,187€7,737€7,620€14,975€10,542▼ 29.6%
Plant, machinery and equipment23€1,103€1,872€3,573€9,022€6,743▼ 25.3%
Furniture and vehicles24€6,085€5,865€4,046€5,953€3,799▼ 36.2%
Current assets29/58€195,856€146,225€279,902€290,900€297,953▲ 2.4%
Stocks and contracts in progress3€50,679€51,225€6,402€18,283€67,193▲ 268%
Stocks30/36€50,679€43,965€6,402€18,283€22,396▲ 22.5%
Contracts in progress37-€7,260--€44,797-
Amounts receivable within one year40/41€136,335€57,957€35,361€124,456€140,420▲ 12.8%
Trade receivables40€125,254€39,050€34,954€116,607€120,892▲ 3.7%
Other amounts receivable41€11,082€18,907€408€7,848€19,528▲ 149%
Cash at bank and in hand54/58€7,768€19,485€223,451€138,159€86,786▼ 37.2%
Deferred charges and accrued income490/1€1,074€17,559€14,687€10,002€3,554▼ 64.5%
Equity and liabilities
Total equity and liabilities10/49€203,043€153,962€287,521€305,875€308,495▲ 0.9%
Equity10/15€14,598€27,240€64,276€97,178€55,311▼ 43.1%
Contributions10/11€3,000€3,000€3,000€3,000€3,000=
Reserves13€11,598€24,240€61,276€94,178€52,311▼ 44.5%
Distributable reserves133€11,598€24,240€61,276€94,178€52,311▼ 44.5%
Amounts payable17/49€188,445€126,722€223,245€208,697€253,183▲ 21.3%
Amounts payable within one year42/48€181,634€126,722€129,245€197,697€253,183▲ 28.1%
Trade debts44€168,548€106,119€90,244€166,356€200,400▲ 20.5%
Suppliers440/4€168,548€106,119€90,244€166,356€200,400▲ 20.5%
Taxes, remuneration and social security45€8,605€14,360€22,101€5,238€10,733▲ 105%
Taxes450/3€4,598€11,784€22,101€2,153€2,926▲ 35.9%
Remuneration and social security454/9€4,007€2,576-€3,085€7,808▲ 153%
Other amounts payable47/48€4,481€6,243€16,899€26,103€42,050▲ 61.1%
Accrued charges and deferred income492/3€6,811-€94,000€11,000--
Line20212022202320242025Change
Profit (loss) for the period9904€11,598€12,643€37,036€32,902€19,409▼ 41.0%
+ Depreciation and write-downs630€1,261€2,499€3,112€3,343€4,434▲ 32.6%
Operating cash flow (approximation)€12,858€15,142€40,148€36,245€23,843▼ 34.2%
Investment in fixed assets (approximation)--€3,049-€2,995-€10,699€0-
Change in cash-€11,717€203,966-€85,293-€51,373▲ 39.8%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference Document
30-09-2025 micro format 30-04-2026 2026-00097157 PDF
30-09-2024 micro format 29-04-2025 2025-00080232 PDF
30-09-2023 micro format 23-04-2024 2024-00067937 PDF
30-09-2022 micro format 27-04-2023 2023-00068626 PDF
30-09-2021 micro format 26-04-2022 2022-20008859 PDF

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