Equity
€154,575 ▲ 25.7%
Benkar has made a profit without a break since 2022.
Benkar
Lifetime
8 annual accounts with figures on one time axispeak €109,673 (2025)
€109,673▲ 83.4%
lowest -€8,155 (2021)
€31,594▲ 46.7%
peak €154,575 (2025)
€154,575▲ 25.7%
€81,821▼ 14.7%
peak 0.7 FTE (2019)
-not published
Board1 name since 2017
1 directorBenazzouz Karim
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Gross margin from €59,796 to €109,673Result from €21,536 to €31,594Equity from €122,980 to €154,575Cash from €42,244 to €79,485
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 72% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.9%
01-2025: 10.7%▲ +2.8 percentage points vs 12-2024
02-2025: 10.7%● unchanged vs 01-2025
03-2025: 11.2%▲ +0.5 percentage points vs 02-2025
04-2025: 10.3%▼ -0.9 percentage points vs 03-2025
05-2025: 9.8%▼ -0.5 percentage points vs 04-2025
06-2025: 9.6%▼ -0.2 percentage points vs 05-2025
07-2025: 9.4%▼ -0.2 percentage points vs 06-2025
08-2025: 11.6%▲ +2.2 percentage points vs 07-2025highest value
09-2025: 11.6%● unchanged vs 08-2025highest value
10-2025: 11.6%● unchanged vs 09-2025highest value
11-2025: 1.1%▼ -10.5 percentage points vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.0%▼ -0.1 percentage points vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.0%▼ -0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.4%▲ +0.4 percentage points vs 07-2026
09-2026: 0.5%▼ -0.9 percentage points vs 08-2026
10-2026: 0.4%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 27 days late; 2 of the last 3 accounts late
Size: total assets €236,396
lowers risk
Liquidity: current ratio 2.79, cash €79,485
Equity €154,575 (65.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 71% of them on solvency, 75% on liquidity, 69% on profitability and 72% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Benkar has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Benkar itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Benkar. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.79 (2.12 in 2024), above the usual 1.5. Short-term debt is 34.6% and cash 33.6% of total assets. 34.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
27 days late
2024
61 days late
2023
426 days late
2022
238 days late
2021
122 days late
2020
122 days late
2019
227 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 175 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 November (4 of the last 5 accounts filed within 116 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0675443860
Change of role: Benazzouz Karim, from manager to director
“De activiteit van creëren van confectie en borduren; De activiteit van elektricien en bijhorende activiteiten…” (deed in Dutch) · Legal-form conversion: to private limited company · 100 shares · General meeting of 27-12-2023 · Gazette deed
Incorporation
published on 09-05-2017 · Gazette deed
First establishment
Benkar BVBA, Gentse Steenweg 93, Lokeren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Benkar Lokeren | €236,396 | €109,673 | 65.4% | - |
| ENAMM Aalter | €256,757 | €105,998 | 67.7% | - |
| REVITEC BVBA Ghent | €280,760 | €92,570 | 38.5% | - |
| JPN chauffage-sanitaire Ohey | €241,199 | €113,866 | 35.2% | - |
| ABCB-ENERGY Mons | €263,108 | €118,643 | 49.7% | - |
| BKW-Heating Heist-op-den-Berg | €228,751 | €119,310 | -4.8% | - |
| SUNEXPERT Tessenderlo | €206,821 | €125,353 | 30.4% | - |
These companies have the same main activity as Benkar: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €207,000 and €281,000, founded between 2015 and 2017.
Official details
Source: KBO- Status
- Active since 05-05-2017Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Establishment unit
- 2.264.168.1599160 Lokeren, since 05-05-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Insights on Benkar
Benkar files the abbreviated format. That format states no turnover. The gross margin rose from €60,514 in 2018 to €109,673 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Benkar
- What is the company number of Benkar?
- The company number of Benkar is 0675.443.860. The VAT number is the same number with BE in front: BE 0675.443.860.
- Where is Benkar based?
- The registered office is at Gentse Steenweg 93, 9160 Lokeren.Company details
- What does Benkar do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Benkar?
- Benkar is a private limited company (BV).
- When was Benkar founded?
- Benkar was founded on 05-05-2017.
- Is Benkar still active?
- Yes, Benkar is an active enterprise in the KBO register.
- How many employees does Benkar have?
- Benkar had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Benkar?
- The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €109,673 and 41 comparable companies (NACE 432). It probably lies between €290,000 and €510,000.
- Is Benkar profitable?
- In financial year 2025, Benkar made a profit of €31,594.
- Where can I find the annual accounts of Benkar?
- Benkar filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Benkar due?
- Benkar must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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