BENICO
ActiveSummary
BENICO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11,363 and a net result of €10,556. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▲+87
Solvency43▲+17
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.67 in 2023; short-term debt: 73.4% and cash: 31.3% of total assets), and 81.7% of the assets are financed with debt.
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Signals
Five 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.3%
Return on assets
17%
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €11,363
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 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
30 d early
2022
35 d early
2021
6 d early
2020
15 d early
2019
42 d late
← 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 11 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€11,363▲ 1,307%
2023 · €808
Total assets
€61,967▲ 1.2%
2023 · €61,251
Net result
€10,556
2023 · -€7,722
Working capital
-€12,788▲ 9.7%
2023 · -€14,158
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€1,623▲ 1,170%-€1,446-€2,074▼ 43.4%-€6,472▼ 212%€11,866
Net result€1,519within the sector's middle half-€1,587within the sector's middle half-€2,247within the sector's middle half▼ 41.6%-€7,722below the sector's middle half▼ 244%€10,556within the sector's middle half
Equity€12,363within the sector's middle half▲ 14.0%€10,776within the sector's middle half▼ 12.8%€8,529within the sector's middle half▼ 20.8%€808below the sector's middle half▼ 90.5%€11,363within the sector's middle half▲ 1,307%
Total assets€27,760below the sector's middle half▼ 8.9%€28,202below the sector's middle half▲ 1.6%€22,104below the sector's middle half▼ 21.6%€61,251below the sector's middle half▲ 177%€61,967below the sector's middle half▲ 1.2%
Debt€15,397▼ 21.6%€17,426▲ 13.2%€13,575▼ 22.1%€60,444▲ 345%€50,603▼ 16.3%
Working capital€10,543within the sector's middle half▲ 46.3%€10,890within the sector's middle half▲ 3.3%€5,151within the sector's middle half▼ 52.7%-€14,158below the sector's middle half-€12,788below the sector's middle half▲ 9.7%
Solvency44.5%within the sector's middle half▲ 9.0pp38.2%within the sector's middle half▼ 6.3pp38.6%within the sector's middle half▲ 0.4pp1.3%below the sector's middle half▼ 37.3pp18.3%within the sector's middle half▲ 17.0pp
Current ratio1.68within the sector's middle half▲ 0.321.63within the sector's middle half▼ 0.061.38within the sector's middle half▼ 0.250.67below the sector's middle half▼ 0.710.72below the sector's middle half▲ 0.05
Return on assets (ROA)5.5%within the sector's middle half▲ 7.2pp-5.6%below the sector's middle half▼ 11.1pp-10.2%below the sector's middle half▼ 4.5pp-12.6%below the sector's middle half▼ 2.4pp17.0%above the sector's middle half▲ 29.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11,866 after a loss of €6,472 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €61,967
Fixed assets
€29,300 ▼ 8.6%
Current assets
€32,667 ▲ 11.9%
Equity and liabilities €61,967
Equity
€11,363 ▲ 1,307%
Debt
€50,603 ▼ 16.3%
Debt's share of the balance-sheet total falls from 98.7% to 81.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,416▲
2023 · -€3,651
Cash flow
€14,106▲
2023 · -€4,900
Quick ratio
0.56▲
2023 · 0.50
Debt to equity
4.45
ROE
92.9%
Interest coverage
11.77▲
2023 · -2.70
Debt ≤ 1 year
€45,455▲
2023 · €43,346
Debt > 1 year
€5,148▼
2023 · €17,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,820 | €1,820 | €16 | €2,821 | €3,550 | ▲ 25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €177 | - |
| Other operating charges640/8 | - | €878 | €988 | €836 | €665 | ▼ 20.4% |
| Gross operating margin9900 | €3,954 | €1,252 | -€1,070 | -€2,815 | €16,258 | ▲ 678% |
| Operating profit (loss)9901 | €1,623 | -€1,446 | -€2,074 | -€6,472 | €11,866 | ▲ 283% |
| Financial income75/76B | - | - | €0 | €103 | - | - |
| Recurring financial income75 | €2 | - | €0 | €103 | - | - |
| Financial charges65/66B | - | €141 | €173 | €1,352 | €1,310 | ▼ 3.1% |
| Recurring financial charges65 | €107 | €141 | €173 | €1,352 | €1,310 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €1,519 | -€1,587 | -€2,247 | -€7,722 | €10,556 | ▲ 237% |
| Profit (loss) for the period9904 | €1,519 | -€1,587 | -€2,247 | -€7,722 | €10,556 | ▲ 237% |
| Profit (loss) for the period to be appropriated9905 | €1,519 | -€1,587 | -€2,247 | -€7,722 | €10,556 | ▲ 237% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,760 | €28,202 | €22,104 | €61,251 | €61,967 | ▲ 1.2% |
| Fixed assets21/28 | €1,820 | - | €3,384 | €32,063 | €29,300 | ▼ 8.6% |
| Intangible fixed assets21 | - | - | €3,384 | €32,063 | €29,300 | ▼ 8.6% |
| Tangible fixed assets22/27 | €1,820 | - | - | - | - | - |
| Current assets29/58 | €25,940 | €28,202 | €18,720 | €29,188 | €32,667 | ▲ 11.9% |
| Stocks and contracts in progress3 | €6,450 | €7,050 | €7,350 | €7,315 | €7,315 | = |
| Stocks30/36 | - | €7,050 | €7,350 | €7,315 | €7,315 | = |
| Amounts receivable within one year40/41 | €9,624 | €15,151 | €4,427 | €6,516 | €5,875 | ▼ 9.8% |
| Trade receivables40 | - | €9,026 | €4,264 | €1,325 | €4,010 | ▲ 203% |
| Other amounts receivable41 | - | €6,125 | €162 | €5,191 | €1,865 | ▼ 64.1% |
| Cash at bank and in hand54/58 | €9,199 | €5,986 | €6,943 | €15,357 | €19,408 | ▲ 26.4% |
| Deferred charges and accrued income490/1 | - | €15 | - | - | €69 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,760 | €28,202 | €22,104 | €61,251 | €61,967 | ▲ 1.2% |
| Equity10/15 | €12,363 | €10,776 | €8,529 | €808 | €11,363 | ▲ 1,307% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €6,163 | €4,576 | €2,329 | - | €5,163 | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €2,716 | €469 | - | €5,163 | - |
| Profit (loss) carried forward14 | €3,312 | - | - | -€5,392 | - | - |
| Amounts payable17/49 | €15,397 | €17,426 | €13,575 | €60,444 | €50,603 | ▼ 16.3% |
| Amounts payable after more than one year17 | - | - | - | €17,098 | €5,148 | ▼ 69.9% |
| Financial debts170/4 | - | - | - | €17,098 | €5,148 | ▼ 69.9% |
| Amounts payable within one year42/48 | €15,397 | €17,312 | €13,568 | €43,346 | €45,455 | ▲ 4.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,398 | €11,950 | ▲ 4.8% |
| Trade debts44 | €6,836 | €8,674 | €5,684 | €20,064 | €18,506 | ▼ 7.8% |
| Suppliers440/4 | - | €8,674 | €5,684 | €20,064 | €18,506 | ▼ 7.8% |
| Taxes, remuneration and social security45 | - | €68 | - | - | - | - |
| Taxes450/3 | - | €68 | - | - | - | - |
| Other amounts payable47/48 | - | €8,570 | €7,884 | €11,884 | €15,000 | ▲ 26.2% |
| Accrued charges and deferred income492/3 | - | €114 | €6 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,519 | -€1,587 | -€2,247 | -€7,722 | €10,556 | ▲ 237% |
| + Depreciation and write-downs630 | €1,820 | €1,820 | €16 | €2,821 | €3,550 | ▲ 25.9% |
| Operating cash flow (approximation) | €3,339 | €233 | -€2,231 | -€4,900 | €14,106 | ▲ 388% |
| Investment in fixed assets (approximation) | - | - | - | -€31,500 | -€788 | ▲ 97.5% |
| Change in cash | - | -€3,213 | €957 | €8,414 | €4,051 | ▼ 51.9% |
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
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10,556
Net result €10,556 after 3 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€7,722
Net result drops to -€7,722, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,519
Net result €1,519 after 2 loss-making years.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
21-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 82 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Brugge · 1 establishment unit since 2011
Ground area
3.8 ha
Building footprint
1.7 ha
Volume, LiDAR
115,725 m³
Parcel 31030A0339/00F002, Flanders · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
Benico
since 20112.201.424.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0339/00F002 | Flanders | 3.8 ha | 1 · 1.7 ha | 14.6 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.
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Of 268 companies in sector 46474 we hold annual accounts for 181. 66 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
Founded10-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46474Wholesale trade
43222Installation of electric heating, air conditioning, cooling and ventilation
46494Wholesale of non-electrical household articles
47552Retail sale of lighting equipment
47553Retail trade
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838473146
Also
9925:BE0838473146
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.