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BENDICO

Active
Private limited companyfounded 20205 yrs activeMagnolialaan 19, 2950 Kapellen, BelgiumKBO/BCE: BE 0757.955.129
Summary

BENDICO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,417 and a net result of -€1,263. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 95% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability67▲+2
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 12.73 against 7.18 in 2024; short-term debt: 2.9% and cash: 37.3% of total assets), and 2.9% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 05-06-2026, 56 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
56 d early
2024
35 d early
2023
64 d late
2022
3 d early
2021
75 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 7 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 November 2020, BENDICO was incorporated as a Private limited company.1 Total assets went from EUR 78,822 in 2021 to EUR 73,587 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€71,417▼ 1.7%
2024 · €72,680
Total assets
€73,587▼ 3.1%
2024 · €75,973
Net result
-€1,263▲ 46.0%
2024 · -€2,338
Working capital
€25,448▲ 25.1%
2024 · €20,344
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
Line20212022202320242025
Operating result-€1,033-€6,571€2,854▼ 56.6%-€2,407-€1,192▲ 50.5%
Net result-€1,038-€5,930€2,124▼ 64.2%-€2,338-€1,263▲ 46.0%
Equity€66,962-€72,893▲ 8.9%€75,017▲ 2.9%€72,680▼ 3.1%€71,417▼ 1.7%
Total assets€78,822-€85,445▲ 8.4%€87,751▲ 2.7%€75,973▼ 13.4%€73,587▼ 3.1%
Debt€11,859-€12,552▲ 5.8%€12,734▲ 1.4%€3,294▼ 74.1%€2,170▼ 34.1%
Working capital-€2,071-€10,508€17,324▲ 64.9%€20,344▲ 17.4%€25,448▲ 25.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,500€0€2,500€5,000€7,500Operating result 2021: -€1,033-€1,033Net result 2021: -€1,038-€1,038Operating result 2022: €6,571€6,571Net result 2022: €5,930€5,930Operating result 2023: €2,854€2,854Net result 2023: €2,124€2,124Operating result 2024: -€2,407-€2,407Net result 2024: -€2,338-€2,338Operating result 2025: -€1,192-€1,192Net result 2025: -€1,263-€1,26320212022202320242025-€4,000-€2,000€0€2,000Operating result 2023: €2,854€2,850Net result 2023: €2,124€2,120Operating result 2024: -€2,407-€2,410Net result 2024: -€2,338-€2,340Operating result 2025: -€1,192-€1,190Net result 2025: -€1,263-€1,260202320242025
The operating result stays negative: a loss of €1,192 in 2025 against €2,407 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73,587
Fixed assets €45,969 ▼ 11.6%
Current assets €27,618 ▲ 16.8%
Equity and liabilities €73,587
Equity €71,417 ▼ 1.7%
Debt €2,170 ▼ 34.1%
Debt's share of the balance-sheet total falls from 4.3% to 2.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,115▲
2024 · €4,800
Cash flow
€6,044▲
2024 · €4,869
Current ratio
12.73▲
2024 · 7.18
Debt to equity
0.03▼
2024 · 0.05
ROE
-1.8%▲
2024 · -3.2%
ROA
-1.7%▲
2024 · -3.1%
Interest coverage
86.84▲
2024 · 65.31
Debt ≤ 1 year
€2,170▼
2024 · €3,294
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
7.4% stopped otherwise
90% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 3,440 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 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€75,973€73,587▼
Formation expenses20€311€0▼
Fixed assets21/28€52,025€45,969▼
Intangible fixed assets21€2,718€0▼
Tangible fixed assets22/27€49,308€45,969▼
Land and buildings22€44,871€42,026▼
Plant, machinery and equipment23€3,485€3,193▼
Furniture and vehicles24€951€750▼
Current assets29/58€23,638€27,618▲
Amounts receivable within one year40/41€941€170▼
Trade receivables40€255€45▼
Other amounts receivable41€686€125▼
Cash at bank and in hand54/58€22,594€27,448▲
Deferred charges and accrued income490/1€102-
Equity and liabilities
Total equity and liabilities10/49€75,973€73,587▼
Equity10/15€72,680€71,417▼
Contributions10/11€68,000€68,000=
Profit (loss) carried forward14€4,680€3,417▼
Amounts payable17/49€3,294€2,170▼
Amounts payable within one year42/48€3,294€2,170▼
Trade debts44€1,308€184▼
Suppliers440/4€1,308€184▼
Other amounts payable47/48€1,986€1,986=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,207€7,307▲
Other operating charges640/8€845€999▲
Gross operating margin9900€5,645€7,113▲
Operating profit (loss)9901-€2,407-€1,192▲
Financial charges65/66B€74€70▼
Recurring financial charges65€74€70▼
Profit (loss) for the period before taxes9903-€2,481-€1,263▲
Income taxes67/77-€143-
Profit (loss) for the period9904-€2,338-€1,263▲
Profit (loss) for the period to be appropriated9905-€2,338-€1,263▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,680€3,417▼
Profit (loss) brought forward from the previous period14P€7,017€4,680▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,668€6,648€6,992€7,207€7,307▲ 1.4%
Other operating charges640/8€1,014€929€823€845€999▲ 18.2%
Gross operating margin9900€4,649€14,148€10,669€5,645€7,113▲ 26.0%
Operating profit (loss)9901-€1,033€6,571€2,854-€2,407-€1,192▲ 50.5%
Financial income75/76B--€50---
Recurring financial income75--€50---
Financial charges65/66B€4€18€70€74€70▼ 4.2%
Recurring financial charges65€4€18€70€74€70▼ 4.2%
Profit (loss) for the period before taxes9903-€1,038€6,553€2,834-€2,481-€1,263▲ 49.1%
Income taxes67/77-€623€710-€143--
Profit (loss) for the period9904-€1,038€5,930€2,124-€2,338-€1,263▲ 46.0%
Profit (loss) for the period to be appropriated9905-€1,038€5,930€2,124-€2,338-€1,263▲ 46.0%
Line20212022202320242025Change
Assets
Total assets20/58€78,822€85,445€87,751€75,973€73,587▼ 3.1%
Formation expenses20€1,429€1,056€684€311€0▼ 100%
Fixed assets21/28€67,604€61,329€57,009€52,025€45,969▼ 11.6%
Intangible fixed assets21€11,611€8,646€5,682€2,718€0▼ 100%
Tangible fixed assets22/27€55,993€52,682€51,327€49,308€45,969▼ 6.8%
Land and buildings22---€44,871€42,026▼ 6.3%
Plant, machinery and equipment23€1,018€758€2,454€3,485€3,193▼ 8.4%
Furniture and vehicles24€1,568€1,363€1,157€951€750▼ 21.1%
Other tangible fixed assets26€53,406€50,561€47,716---
Current assets29/58€9,789€23,060€30,058€23,638€27,618▲ 16.8%
Amounts receivable within one year40/41-€1,051€138€941€170▼ 81.9%
Trade receivables40-€1,051-€255€45▼ 82.4%
Other amounts receivable41--€138€686€125▼ 81.7%
Cash at bank and in hand54/58€9,789€22,010€29,920€22,594€27,448▲ 21.5%
Deferred charges and accrued income490/1---€102--
Equity and liabilities
Total equity and liabilities10/49€78,822€85,445€87,751€75,973€73,587▼ 3.1%
Equity10/15€66,962€72,893€75,017€72,680€71,417▼ 1.7%
Contributions10/11€68,000€68,000€68,000€68,000€68,000=
Profit (loss) carried forward14-€1,038€4,893€7,017€4,680€3,417▼ 27.0%
Amounts payable17/49€11,859€12,552€12,734€3,294€2,170▼ 34.1%
Amounts payable within one year42/48€11,859€12,552€12,734€3,294€2,170▼ 34.1%
Trade debts44€10€44€38€1,308€184▼ 85.9%
Suppliers440/4€10€44€38€1,308€184▼ 85.9%
Taxes, remuneration and social security45€110€623€710---
Taxes450/3€110€623€710---
Other amounts payable47/48€11,739€11,885€11,986€1,986€1,986=
Line20212022202320242025Change
Profit (loss) for the period9904-€1,038€5,930€2,124-€2,338-€1,263▲ 46.0%
+ Depreciation and write-downs630€4,668€6,648€6,992€7,207€7,307▲ 1.4%
Operating cash flow (approximation)€3,631€12,579€9,116€4,869€6,044▲ 24.1%
Investment in fixed assets (approximation)--€373-€2,673-€2,223-€1,251▲ 43.7%
Change in cash-€12,221€7,910-€7,326€4,854▲ 166%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€2,338
Net result drops to -€2,338, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity triplescurrent ratio 7.18
Current ratio from 2.36 to 7.18; short-term debt falls from €12,734 to €3,294.
03-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 64 days late
2023
28-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €5,930
Net result €5,930 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 1.84
Current ratio from 0.83 to 1.84.
14-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 75 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, Kapellen · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1,486 m²
Building footprint
125 m²
Volume, LiDAR
836 m³
Parcel 11902H0015/00X003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
BENDICO
Magnolialaan 19, 2950 KapellenRenting and operating of own or leased residential real estate, excluding social housing
since 20202.314.337.945
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11902H0015/00X003 Flanders 1,486 m² 1 · 125 m² 8.8 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 owner

Chain of control

  1. DVD Consulting 93%
  2. BENDICO

Highest known parent: DVD Consulting. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 3,812 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
Founded10-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
74999Other professional, scientific and technical activities
Contact
E-mail dirk.vandam@dvd-c.be
Phone 032944509
E-invoicing
Reachable via Peppol
Peppol ID 0208:0757955129
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.