BENCO
ActiveSummary
BENCO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468,679 and a net result of €91,864. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 976 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+7
Solvency99▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 4.38 in 2024; short-term debt: 20.4% and cash: 7.4% of total assets), and 26.3% of the assets are financed with debt.
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Signals
Four 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 2025Solvency, return and age of the figures
Solvency
73.7%
Return on assets
14.4%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
18 d late
2023
58 d late
2022
29 d late
2021
38 d early
2020
20 d late
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
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. Usually files around 18 August (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in Bornem, Transport and storage sector
Equity
€468,679▲ 1.0%
2024 · €463,815
Total assets
€635,926▲ 12.2%
2024 · €566,940
Net result
€91,864▲ 75.2%
2024 · €52,428
Working capital
€114,001▼ 14.5%
2024 · €133,301
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€101,359▲ 20.6%€67,480▼ 33.4%€70,502▲ 4.5%€55,599▼ 21.1%€98,667▲ 77.5%
Net result€70,435above the sector's middle half▲ 17.1%€44,669within the sector's middle half▼ 36.6%€79,167within the sector's middle half▲ 77.2%€52,428within the sector's middle half▼ 33.8%€91,864above the sector's middle half▲ 75.2%
Equity€387,952above the sector's middle half▲ 18.8%€391,531within the sector's middle half▲ 0.9%€470,697within the sector's middle half▲ 20.2%€463,815within the sector's middle half▼ 1.5%€468,679above the sector's middle half▲ 1.0%
Total assets€601,543above the sector's middle half▲ 9.1%€588,418below the sector's middle half▼ 2.2%€641,166within the sector's middle half▲ 9.0%€566,940below the sector's middle half▼ 11.6%€635,926above the sector's middle half▲ 12.2%
Debt€213,591▼ 4.9%€196,888▼ 7.8%€170,468▼ 13.4%€103,126▼ 39.5%€167,247▲ 62.2%
Working capital€157,421above the sector's middle half▲ 27.1%€132,082within the sector's middle half▼ 16.1%€166,778within the sector's middle half▲ 26.3%€133,301within the sector's middle half▼ 20.1%€114,001above the sector's middle half▼ 14.5%
Solvency64.5%within the sector's middle half▲ 5.3pp66.5%above the sector's middle half▲ 2.0pp73.4%above the sector's middle half▲ 6.9pp81.8%above the sector's middle half▲ 8.4pp73.7%above the sector's middle half▼ 8.1pp
Current ratio3.45above the sector's middle half▼ 0.152.74above the sector's middle half▼ 0.703.14above the sector's middle half▲ 0.404.38above the sector's middle half▲ 1.241.88within the sector's middle half▼ 2.50
Return on assets (ROA)11.7%within the sector's middle half▲ 0.8pp7.6%within the sector's middle half▼ 4.1pp12.3%within the sector's middle half▲ 4.8pp9.2%within the sector's middle half▼ 3.1pp14.4%within the sector's middle half▲ 5.2pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 77% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €635,926
Fixed assets
€392,107 ▼ 0.5%
Current assets
€243,819 ▲ 41.2%
Equity and liabilities €635,926
Equity
€468,679 ▲ 1.0%
Debt
€167,247 ▲ 62.2%
Debt's share of the balance-sheet total rises from 18.2% to 26.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102,445▲
2024 · €59,312
Cash flow
€95,643▲
2024 · €56,140
Debt to equity
0.36▲
2024 · 0.22
ROE
19.6%▲
2024 · 11.3%
Interest coverage
23.89▲
2024 · 23.28
Debt ≤ 1 year
€129,818▲
2024 · €39,432
Debt > 1 year
€34,501▼
2024 · €63,694
Income taxes
€28,698▲
2024 · €18,936
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €80 | €1,668 | €3,712 | €3,778 | ▲ 1.8% |
| Other operating charges640/8 | €449 | €450 | €543 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €101,807 | €68,010 | €72,713 | €59,817 | €102,965 | ▲ 72.1% |
| Operating profit (loss)9901 | €101,359 | €67,480 | €70,502 | €55,599 | €98,667 | ▲ 77.5% |
| Financial income75/76B | €140 | €130 | €32,667 | €18,312 | €26,185 | ▲ 43.0% |
| Recurring financial income75 | €140 | €130 | €32,667 | €18,312 | €26,185 | ▲ 43.0% |
| Financial charges65/66B | €2,451 | €2,227 | €2,083 | €2,548 | €4,289 | ▲ 68.3% |
| Recurring financial charges65 | €2,451 | €2,227 | €2,083 | €2,548 | €4,289 | ▲ 68.3% |
| Profit (loss) for the period before taxes9903 | €99,047 | €65,384 | €101,086 | €71,364 | €120,563 | ▲ 68.9% |
| Income taxes67/77 | €28,612 | €20,715 | €21,919 | €18,936 | €28,698 | ▲ 51.6% |
| Profit (loss) for the period9904 | €70,435 | €44,669 | €79,167 | €52,428 | €91,864 | ▲ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €70,435 | €44,669 | €79,167 | €52,428 | €91,864 | ▲ 75.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €601,543 | €588,418 | €641,166 | €566,940 | €635,926 | ▲ 12.2% |
| Fixed assets21/28 | €379,750 | €380,497 | €396,461 | €394,207 | €392,107 | ▼ 0.5% |
| Tangible fixed assets22/27 | - | €747 | €16,711 | €14,457 | €12,357 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | - | €16,240 | €14,262 | €12,357 | ▼ 13.4% |
| Furniture and vehicles24 | - | €747 | €471 | €196 | - | - |
| Financial fixed assets28 | €379,750 | €379,750 | €379,750 | €379,750 | €379,750 | = |
| Current assets29/58 | €221,793 | €207,921 | €244,704 | €172,733 | €243,819 | ▲ 41.2% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €20,835 | €8,646 | €41,733 | €81,520 | €144,579 | ▲ 77.4% |
| Trade receivables40 | €20,835 | €8,636 | €41,728 | €63,170 | €116,995 | ▲ 85.2% |
| Other amounts receivable41 | €0 | €10 | €5 | €18,350 | €27,584 | ▲ 50.3% |
| Current investments50/53 | €50,140 | €50,270 | €50,270 | €52,056 | €52,056 | = |
| Cash at bank and in hand54/58 | €150,819 | €147,753 | €152,701 | €37,577 | €47,183 | ▲ 25.6% |
| Deferred charges and accrued income490/1 | €0 | €1,252 | €0 | €1,581 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €601,543 | €588,418 | €641,166 | €566,940 | €635,926 | ▲ 12.2% |
| Equity10/15 | €387,952 | €391,531 | €470,697 | €463,815 | €468,679 | ▲ 1.0% |
| Contributions10/11 | €21,071 | €21,071 | €21,071 | €21,071 | €21,071 | = |
| Reserves13 | €361,769 | €365,178 | €449,626 | €442,479 | €447,339 | ▲ 1.1% |
| Non-distributable reserves130/1 | €2,107 | €2,107 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,107 | €2,107 | €0 | - | - | - |
| Distributable reserves133 | €359,661 | €363,071 | €449,626 | €442,479 | €447,339 | ▲ 1.1% |
| Profit (loss) carried forward14 | €5,113 | €5,282 | €0 | €264 | €269 | ▲ 1.7% |
| Amounts payable17/49 | €213,591 | €196,888 | €170,468 | €103,126 | €167,247 | ▲ 62.2% |
| Amounts payable after more than one year17 | €149,218 | €121,049 | €92,542 | €63,694 | €34,501 | ▼ 45.8% |
| Financial debts170/4 | €149,218 | €121,049 | €92,542 | €63,694 | €34,501 | ▼ 45.8% |
| Amounts payable within one year42/48 | €64,373 | €75,839 | €77,927 | €39,432 | €129,818 | ▲ 229% |
| Current portion of amounts payable after more than one year42 | €27,836 | €33,191 | €33,573 | €33,914 | €34,241 | ▲ 1.0% |
| Financial debts43 | €10,027 | €0 | - | - | - | - |
| Credit institutions430/8 | €10,027 | €0 | - | - | - | - |
| Trade debts44 | €835 | €258 | €845 | €62 | €1,106 | ▲ 1,695% |
| Suppliers440/4 | €835 | €258 | €845 | €62 | €1,106 | ▲ 1,695% |
| Taxes, remuneration and social security45 | €16,405 | €3,268 | €4,387 | €5,395 | €11,759 | ▲ 118% |
| Taxes450/3 | €16,405 | €3,268 | €4,387 | €5,395 | €11,759 | ▲ 118% |
| Other amounts payable47/48 | €9,270 | €39,123 | €39,123 | €61 | €82,711 | ▲ 135,005% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,928 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,435 | €44,669 | €79,167 | €52,428 | €91,864 | ▲ 75.2% |
| + Depreciation and write-downs630 | €0 | €80 | €1,668 | €3,712 | €3,778 | ▲ 1.8% |
| Operating cash flow (approximation) | €70,435 | €44,749 | €80,835 | €56,140 | €95,643 | ▲ 70.4% |
| Investment in fixed assets (approximation) | - | -€827 | -€17,632 | -€1,458 | -€1,678 | ▼ 15.1% |
| Change in cash | - | -€3,065 | €4,948 | -€115,125 | €9,607 | ▲ 108% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €91,864 ▲75.2%
Net result €91,864, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €44,669 ▼36.6%
Net result drops to €44,669, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
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, Bornem · 1 establishment unit since 1990
Ground area
127 m²
Building footprint
124 m²
Volume, LiDAR
831 m³
Parcel 12007C0223/00M000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BENCO
since 19902.049.122.525
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0223/00M000 | Flanders | 127 m² | 1 · 124 m² | 7.3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
13.07%
According to the 2025 annual accounts of BENCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,389 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
Founded27-10-1989
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438804244
Also
9925:BE0438804244
Registered
24-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.