Benetech
ActiveSummary
Benetech has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €510,638 and a net result of €135,830. Equity is growing by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 7452 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+8
Solvency95▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 3.34 against 1.93 in 2023; short-term debt: 29.6% and cash: 40.3% of total assets), and 29.6% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70.4%
Return on assets
18.7%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
48 d early
2022
25 d early
2021
25 d early
2020
47 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€510,638▲ 36.2%
2023 · €374,808
Total assets
€724,962▼ 5.6%
2023 · €768,166
Net result
€135,830▲ 42.3%
2023 · €95,462
Working capital
€502,507▲ 37.9%
2023 · €364,413
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
Line20202021202220232024
Operating result€3,221▼ 94.5%€204,360▲ 6,246%€64,181▼ 68.6%€122,885▲ 91.5%€177,761▲ 44.7%
Net result€1,892▼ 95.5%€175,164▲ 9,157%€52,709▼ 69.9%€95,462▲ 81.1%€135,830▲ 42.3%
Equity€131,473▲ 1.5%€226,637▲ 72.4%€279,346▲ 23.3%€374,808▲ 34.2%€510,638▲ 36.2%
Total assets€414,026▼ 7.9%€569,613▲ 37.6%€680,720▲ 19.5%€768,166▲ 12.8%€724,962▼ 5.6%
Debt€282,554▼ 11.7%€342,976▲ 21.4%€401,374▲ 17.0%€393,359▼ 2.0%€214,324▼ 45.5%
Working capital€126,986▼ 3.1%€229,546▲ 80.8%€263,225▲ 14.7%€364,413▲ 38.4%€502,507▲ 37.9%
Staff (FTE)5.1▲ 15.9%5.1=4.7▼ 7.8%5.9▲ 25.5%5▼ 15.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -70% on 2021. Cause not known from the registers.
- 2021 Net result +9,157% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 45% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €724,962
Fixed assets
€8,130 ▼ 21.8%
Current assets
€716,831 ▼ 5.4%
Equity and liabilities €724,962
Equity
€510,638 ▲ 36.2%
Debt
€214,324 ▼ 45.5%
Debt's share of the balance-sheet total falls from 51.2% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€181,798▲
2023 · €136,697
Cash flow
€139,867▲
2023 · €109,274
Current ratio
3.34▲
2023 · 1.93
Quick ratio
3.09▲
2023 · 1.80
Debt to equity
0.42▼
2023 · 1.05
ROE
26.6%▲
2023 · 25.5%
ROA
18.7%▲
2023 · 12.4%
Interest coverage
4281.62▲
2023 · 826.36
Debt ≤ 1 year
€214,324▼
2023 · €393,359
Income taxes
€48,182▲
2023 · €28,948
Staff costs
€212,814▼
2023 · €308,405
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 34,672 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €248,910 | €224,269 | €308,405 | €212,814 | ▼ 31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,453 | €32,758 | €22,019 | €13,812 | €4,037 | ▼ 70.8% |
| Other operating charges640/8 | - | €620 | €896 | €783 | €999 | ▲ 27.6% |
| Non-recurring operating charges66A | - | - | €150 | €1,000 | €0 | ▼ 100% |
| Gross operating margin9900 | €258,697 | €486,648 | €311,516 | €446,885 | €395,612 | ▼ 11.5% |
| Operating profit (loss)9901 | €3,221 | €204,360 | €64,181 | €122,885 | €177,761 | ▲ 44.7% |
| Financial income75/76B | - | €2,611 | €4,724 | €1,690 | €6,294 | ▲ 272% |
| Recurring financial income75 | €1,915 | €2,611 | €4,724 | €1,690 | €6,294 | ▲ 272% |
| Financial charges65/66B | - | €1,101 | €744 | €165 | €42 | ▼ 74.3% |
| Recurring financial charges65 | €1,575 | €1,101 | €744 | €165 | €42 | ▼ 74.3% |
| Profit (loss) for the period before taxes9903 | €3,561 | €205,870 | €68,162 | €124,410 | €184,012 | ▲ 47.9% |
| Income taxes67/77 | €1,668 | €30,705 | €15,453 | €28,948 | €48,182 | ▲ 66.4% |
| Profit (loss) for the period9904 | €1,892 | €175,164 | €52,709 | €95,462 | €135,830 | ▲ 42.3% |
| Transfer from tax-exempt reserves789 | - | €5,560 | €5,560 | €5,560 | €5,560 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €42,100 | €63,150 | ▲ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €1,892 | €180,724 | €58,269 | €58,922 | €78,240 | ▲ 32.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €414,026 | €569,613 | €680,720 | €768,166 | €724,962 | ▼ 5.6% |
| Fixed assets21/28 | €68,194 | €41,530 | €22,407 | €10,395 | €8,130 | ▼ 21.8% |
| Tangible fixed assets22/27 | €68,194 | €41,530 | €22,407 | €10,395 | €8,130 | ▼ 21.8% |
| Land and buildings22 | - | €6,941 | €6,407 | €5,873 | €5,339 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €3,334 | €3,130 | €2,869 | €856 | ▼ 70.2% |
| Furniture and vehicles24 | - | €31,255 | €12,870 | €1,653 | €1,935 | ▲ 17.1% |
| Current assets29/58 | €345,832 | €528,083 | €658,313 | €757,772 | €716,831 | ▼ 5.4% |
| Stocks and contracts in progress3 | €20,000 | €5,896 | €127,000 | €51,663 | €53,554 | ▲ 3.7% |
| Stocks30/36 | - | €5,896 | €127,000 | €51,663 | €53,554 | ▲ 3.7% |
| Contracts in progress37 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €226,179 | €281,318 | €337,711 | €362,038 | €366,990 | ▲ 1.4% |
| Trade receivables40 | - | €245,905 | €293,414 | €326,452 | €311,202 | ▼ 4.7% |
| Other amounts receivable41 | - | €35,413 | €44,297 | €35,585 | €55,787 | ▲ 56.8% |
| Cash at bank and in hand54/58 | €79,107 | €226,815 | €188,993 | €325,789 | €292,403 | ▼ 10.2% |
| Deferred charges and accrued income490/1 | - | €14,054 | €4,610 | €18,282 | €3,885 | ▼ 78.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €414,026 | €569,613 | €680,720 | €768,166 | €724,962 | ▼ 5.6% |
| Equity10/15 | €131,473 | €226,637 | €279,346 | €374,808 | €510,638 | ▲ 36.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €29,660 | €24,100 | €18,540 | €356,208 | €492,038 | ▲ 38.1% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €22,240 | €16,680 | €53,220 | €110,810 | ▲ 108% |
| Distributable reserves133 | - | €1,860 | €1,860 | €302,988 | €381,228 | ▲ 25.8% |
| Profit (loss) carried forward14 | €83,213 | €183,937 | €242,206 | €0 | - | - |
| Amounts payable17/49 | €282,554 | €342,976 | €401,374 | €393,359 | €214,324 | ▼ 45.5% |
| Amounts payable after more than one year17 | €63,489 | €44,220 | €6,067 | €0 | - | - |
| Financial debts170/4 | - | €44,220 | €6,067 | €0 | - | - |
| Amounts payable within one year42/48 | €218,846 | €298,537 | €395,088 | €393,359 | €214,324 | ▼ 45.5% |
| Current portion of amounts payable after more than one year42 | - | €19,268 | €38,153 | €6,067 | €0 | ▼ 100% |
| Trade debts44 | €161,851 | €145,667 | €298,957 | €322,134 | €165,198 | ▼ 48.7% |
| Suppliers440/4 | - | €145,667 | €298,957 | €322,134 | €165,198 | ▼ 48.7% |
| Taxes, remuneration and social security45 | - | €53,601 | €57,978 | €40,157 | €49,126 | ▲ 22.3% |
| Taxes450/3 | - | €24,874 | €33,658 | €10,453 | €28,182 | ▲ 170% |
| Remuneration and social security454/9 | - | €28,728 | €24,320 | €29,704 | €20,944 | ▼ 29.5% |
| Other amounts payable47/48 | - | €80,000 | €0 | €25,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €219 | €219 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,892 | €175,164 | €52,709 | €95,462 | €135,830 | ▲ 42.3% |
| + Depreciation and write-downs630 | €32,453 | €32,758 | €22,019 | €13,812 | €4,037 | ▼ 70.8% |
| Operating cash flow (approximation) | €34,345 | €207,922 | €74,729 | €109,274 | €139,867 | ▲ 28.0% |
| Investment in fixed assets (approximation) | - | -€6,094 | -€2,897 | -€1,800 | -€1,773 | ▲ 1.5% |
| Change in cash | - | €147,709 | -€37,823 | €136,796 | -€33,386 | ▼ 124% |
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
2026
18-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Registered-office move, Stadsestraat 45, 2250 Olen
- Board meeting, 06-08-2026
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500,000Eq €510,638 ▲36.2%
7 profitable years in a row build equity to €510,638.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €175,164 ▲9,157%
Operating result €204,360, net result €175,164, both a record.
31-12
Financial
Equity above €200,000Eq €226,637 ▲72.4%
4 profitable years in a row build equity to €226,637.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €1,892 ▼95.5%
Net result drops to €1,892, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €129,580 ▲47.4%
2 profitable years in a row build equity to €129,580.
Show earlier events
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Olen · 1 establishment unit since 2015
Ground area
1,432 m²
Parcel 13029G0657/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
Benetech
since 20152.237.927.382
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029G0657/00K000 | Flanders | 1,432 m² | - | - |
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 ownerOwners 1
-
10%
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,871 EUR awarded · 1,871 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,500 EUR | 1,500 EUR |
| 2023 | 1 | 198 EUR | 198 EUR |
| 2022 | 1 | 173 EUR | 173 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesBenetech BV39174
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 3,979 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
Founded05-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0507912190
Also
9925:BE0507912190
Registered
08-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.