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BENELMAT

Active
Public limited companyfounded 199729 yrs activeChaussée de Tirlemont 100, 5030 Gembloux, BelgiumKBO/BCE: BE 0460.543.132
Summary

BENELMAT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of -€1.1m. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 503 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
BENELMATActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Rental and leasing activities
NACE 77320Other specialised construction activities NACE 43990NACE 43999
#1 company by equity in the province of Namur, Rental and leasing sector1 site
Size
€12.2mturnover 2025
Staff
40.5 FTE
Equity
€5.6m
Loss
-€1.1m
Financial health
69 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Parent
CFE CONTRACTING · 100%
Board
1 member
Accounts 107 d early4 of 37 deeds read
Why 69- Liquidity: current ratio 0.66, cash €109- Loss of €1.1m, the second in a row (FY 2025)+ Founded in 1997+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 31% of its sector peers (NACE 77, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 61-4
equity 36.0% of total assets
Liquidity 24-29
short-term debt 51.4% · cash 0.0%
Profitability 38-33
return on assets -7.1%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (464 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.5%● 0.0% vs 12-2024 02-2025: 0.4%▼ -3.7% vs 01-2025 03-2025: 0.4%▲ +1.8% vs 02-2025 04-2025: 0.5%▲ +7.8% vs 03-2025 05-2025: 0.4%▼ -17.4% vs 04-2025 06-2025: 0.4%▼ -3.5% vs 05-2025 07-2025: 0.4%● 0.0% vs 06-2025 08-2025: 0.4%● 0.0% vs 07-2025 09-2025: 0.3%▼ -9.9% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%▼ -3.7% vs 01-2026lowest value 03-2026: 0.3%▲ +1.8% vs 02-2026 04-2026: 0.4%▲ +6.5% vs 03-2026 05-2026: 0.6%▲ +62.2% vs 04-2026highest value 06-2026: 0.6%● 0.0% vs 05-2026highest value 07-2026: 0.6%● 0.0% vs 06-2026highest value 08-2026: 0.6%● 0.0% vs 07-2026highest value 09-2026: 0.6%● 0.0% vs 08-2026highest value 10-2026: 0.6%● 0.0% vs 09-2026highest value
  • Liquidity: current ratio 0.66, cash €109 raises the probability
  • Loss of €1.1m, the second in a row (FY 2025) raises the probability
  • Founded in 1997 lowers the probability for this profile
  • Legal form Public limited company lowers the probability
Credit up to €380,000 at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.82 in 2024; short-term debt: 51.4% and cash: 0% of total assets), and 64% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 77, small). Better than this share of them on solvency 50%, liquidity 15%, profitability 18%, growth against the median 41%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.66, cash €109
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €1.1m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1997
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.1m
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 15-04-2026, 107 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
107 d early
2024
113 d early
2023
100 d early
2022
81 d early
2021
86 d early
2020
93 d early
2019
31 d early
← 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 87 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 23 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 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
  1. Appointment: David Permanne (directeur financier)Resignation: Zahra Ayada (directeur financier)…
  2. Reappointment: Lamcy SRL (director)Power of attorney
  3. Capital & shares · Statutes amendmentCapital increase · Capital ·…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€1.1m View
  • Caution: Result fell in 2025from -€259,772 to -€1.1m ▼ 330% View
  • Caution: Among the weakest 5% on net resultsector median €48,845 · 502 companies -€1.1m View
  • Caution: Board changedlatest change 24-07-2026 · 1 in office 2 joined · 2 left View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by CFE CONTRACTINGknown shareholders 100% 100% View

By topic

Financials

Fiscal year
2025
Turnover
€12.2m
Loss
-€1.1m
Solvency
36.0%
Turnover▲ 9.4%
Net result
20192025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 08-09-2026Appointment: David Permanne (directeur financier)
  2. 10-08-2026Reappointment: Lamcy SRL (director)
  3. 03-07-2026Capital & shares · Statutes amendment
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Rental and leasing activitiesNACE 77320
Founded
22-04-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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