BennTex
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-06-2026 PDF all 5 filings
Turnover
≈ €73,000
Estimated: probably between €43,000 and €100,000
Total assets
€201,431▼ 0.6%
2024 · €202,704
Net result
€1,436
2024 · -€28,152
Working capital
-€92,475▲ 16.0%
2024 · -€110,151
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€1,739
2025
20212025
Net result
€1,436
2025
lowest quarter of the sector
20212025
Equity
-€78,023
▲ 1.8%
2025
lowest quarter of the sector
20212025
Total assets
€201,431
▼ 0.6%
2025
middle half of the sector
20212025
Debt
€279,455
▼ 1.0%
2025
20212025
Working capital
-€92,475
▲ 16.0%
2025
lowest quarter of the sector
20212025
Solvency
-38.7%
▲ 0.5pp
2025
lowest quarter of the sector
20212025
Current ratio
0.67
▲ 0.06
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
0.7%
▲ 14.6pp
2025
lowest quarter of the sector
20212025
Staff (FTE)
no figure
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,716--€35,598-€49,039▼ 37.8%-€26,496▲ 46.0%€1,739
Net result€32,800within the sector's middle half--€39,978below the sector's middle half-€50,130below the sector's middle half▼ 25.4%-€28,152below the sector's middle half▲ 43.8%€1,436below the sector's middle half
Equity€38,800within the sector's middle half--€1,178below the sector's middle half-€51,307below the sector's middle half▼ 4,257%-€79,460below the sector's middle half▼ 54.9%-€78,023below the sector's middle half▲ 1.8%
Total assets€186,670within the sector's middle half-€122,381within the sector's middle half▼ 34.4%€229,386within the sector's middle half▲ 87.4%€202,704within the sector's middle half▼ 11.6%€201,431within the sector's middle half▼ 0.6%
Debt€147,870-€123,558▼ 16.4%€280,693▲ 127%€282,163▲ 0.5%€279,455▼ 1.0%
Working capital-€31,348below the sector's middle half--€67,860below the sector's middle half▼ 116%-€150,800below the sector's middle half▼ 122%-€110,151below the sector's middle half▲ 27.0%-€92,475below the sector's middle half▲ 16.0%
Solvency20.8%below the sector's middle half--1.0%below the sector's middle half▼ 21.7pp-22.4%below the sector's middle half▼ 21.4pp-39.2%below the sector's middle half▼ 16.8pp-38.7%below the sector's middle half▲ 0.5pp
Current ratio0.78below the sector's middle half-0.42below the sector's middle half▼ 0.370.46below the sector's middle half▲ 0.040.61below the sector's middle half▲ 0.150.67below the sector's middle half▲ 0.06
Return on assets (ROA)17.6%within the sector's middle half--32.7%below the sector's middle half▼ 50.2pp-21.9%below the sector's middle half▲ 10.8pp-13.9%below the sector's middle half▲ 8.0pp0.7%below the sector's middle half▲ 14.6pp
Staff (FTE)2.73.8▲ 40.7%1▼ 73.7%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €1,739, after a loss of €26,496 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201,431
Fixed assets
€14,451 ▼ 52.9%
Current assets
€186,980 ▲ 8.7%
Equity and liabilities
Equity-€78,023
Debt€279,455
Equity is negative. Debt (€279,455) exceeds the balance-sheet total (€201,431).
Key figures and ratios
EBITDA
€17,979▲
2024 · -€11,260
Cash flow
€17,676▲
2024 · -€12,916
Quick ratio
0.54▼
2024 · 0.61
Interest coverage
34.18▲
2024 · -4.46
Debt ≤ 1 year
€279,455▼
2024 · €282,163
Income taxes
€262▼
2024 · €345
Staff costs
€0▼
2024 · €22,320
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 5 | 7 | 0 |
| full-time | 1 | 4 | 0 |
| part-time | 4 | 3 | 0 |
| in full-time equivalents | 2.7 | 5.5 | 0 |
| Average over the year, in full-time equivalents | 2.3 | 3.4 | 1 |
| On a permanent contract | 1 | 2 | 0 |
| Joined | 7 | 9 | 3 |
| Left | 2 | 7 | 10 |
| Training hours | 49 | 80 | 0 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €76,507 | €17,211 | €58,178 | €20,189 | - |
| Financial fixed assets | €8,300 | €1,515 | - | - | €0 |
| Depreciation and write-downs of the year | €10,987 | €18,555 | €19,681 | €15,236 | €16,240 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €1,853 awarded · €1,853 paidSchemes
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €872 | €926 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €86,300 | €114,678 | €22,320 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,987 | €18,555 | €19,681 | €15,236 | €16,240 | ▲ 6.6% |
| Other operating charges640/8 | €2,967 | €10,339 | €45,104 | €10,806 | €7,334 | ▼ 32.1% |
| Non-recurring operating charges66A | - | - | €921 | €2,742 | €0 | ▼ 100% |
| Gross operating margin9900 | €57,670 | €79,597 | €131,344 | €24,608 | €25,313 | ▲ 2.9% |
| Operating profit (loss)9901 | €43,716 | -€35,598 | -€49,039 | -€26,496 | €1,739 | - |
| Financial income75/76B | €0 | €0 | €848 | €1,216 | €485 | ▼ 60.1% |
| Recurring financial income75 | €0 | €0 | €848 | €1,216 | €485 | ▼ 60.1% |
| Financial charges65/66B | €1,234 | €3,787 | €1,657 | €2,527 | €526 | ▼ 79.2% |
| Recurring financial charges65 | €1,234 | €3,787 | €1,657 | €2,527 | €526 | ▼ 79.2% |
| Profit (loss) for the period before taxes9903 | €42,482 | -€39,384 | -€49,848 | -€27,807 | €1,698 | - |
| Income taxes67/77 | €9,682 | €593 | €281 | €345 | €262 | ▼ 24.1% |
| Profit (loss) for the period9904 | €32,800 | -€39,978 | -€50,130 | -€28,152 | €1,436 | - |
| Profit (loss) for the period to be appropriated9905 | €32,800 | -€39,978 | -€50,130 | -€28,152 | €1,436 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €186,670 | €122,381 | €229,386 | €202,704 | €201,431 | ▼ 0.6% |
| Fixed assets21/28 | €73,820 | €73,990 | €100,326 | €30,691 | €14,451 | ▼ 52.9% |
| Tangible fixed assets22/27 | €65,520 | €64,175 | €91,466 | €26,581 | €10,341 | ▼ 61.1% |
| Plant, machinery and equipment23 | €4,530 | €5,418 | €19,191 | €3,716 | €1,902 | ▼ 48.8% |
| Furniture and vehicles24 | €60,990 | €58,757 | €55,397 | €22,865 | €8,439 | ▼ 63.1% |
| Other tangible fixed assets26 | - | - | €16,878 | €0 | - | - |
| Financial fixed assets28 | €8,300 | €9,815 | €8,860 | €4,110 | €4,110 | = |
| Current assets29/58 | €112,850 | €48,391 | €129,059 | €172,012 | €186,980 | ▲ 8.7% |
| Amounts receivable after more than one year29 | €4,750 | €0 | - | - | - | - |
| Other amounts receivable291 | €4,750 | €0 | - | - | - | - |
| Stocks and contracts in progress3 | - | - | - | - | €35,550 | - |
| Stocks30/36 | - | - | - | - | €35,550 | - |
| Amounts receivable within one year40/41 | €56,029 | €11,055 | €19,054 | €170,537 | €149,958 | ▼ 12.1% |
| Trade receivables40 | €38,240 | €8,555 | €4,544 | €152,173 | €108,114 | ▼ 29.0% |
| Other amounts receivable41 | €17,789 | €2,500 | €14,510 | €18,364 | €41,844 | ▲ 128% |
| Cash at bank and in hand54/58 | €50,801 | €35,572 | €14,522 | €643 | €122 | ▼ 81.0% |
| Deferred charges and accrued income490/1 | €1,270 | €1,763 | €95,483 | €832 | €1,350 | ▲ 62.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €186,670 | €122,381 | €229,386 | €202,704 | €201,431 | ▼ 0.6% |
| Equity10/15 | €38,800 | -€1,178 | -€51,307 | -€79,460 | -€78,023 | ▲ 1.8% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €32,800 | €32,800 | €32,800 | €32,800 | €0 | ▼ 100% |
| Distributable reserves133 | €32,800 | €32,800 | €32,800 | €32,800 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | -€39,978 | -€90,107 | -€118,260 | -€84,023 | ▲ 29.0% |
| Amounts payable17/49 | €147,870 | €123,558 | €280,693 | €282,163 | €279,455 | ▼ 1.0% |
| Amounts payable after more than one year17 | - | €4,000 | €0 | - | - | - |
| Financial debts170/4 | - | €4,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €144,198 | €116,251 | €279,859 | €282,163 | €279,455 | ▼ 1.0% |
| Trade debts44 | €102,871 | €75,799 | €221,318 | €280,678 | €232,802 | ▼ 17.1% |
| Suppliers440/4 | €102,871 | €75,799 | €221,318 | €280,678 | €232,802 | ▼ 17.1% |
| Advances received on contracts in progress46 | - | €6,435 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €41,327 | €31,284 | €58,541 | €1,485 | €7,029 | ▲ 373% |
| Taxes450/3 | €41,327 | €27,188 | €40,517 | €1,485 | €4,447 | ▲ 199% |
| Remuneration and social security454/9 | - | €4,096 | €18,024 | €0 | €2,582 | - |
| Other amounts payable47/48 | - | €2,733 | €0 | - | €39,624 | - |
| Accrued charges and deferred income492/3 | €3,672 | €3,307 | €834 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,800 | -€39,978 | -€50,130 | -€28,152 | €1,436 | - |
| + Depreciation and write-downs630 | €10,987 | €18,555 | €19,681 | €15,236 | €16,240 | ▲ 6.6% |
| Operating cash flow (approximation) | €43,787 | -€21,422 | -€30,449 | -€12,916 | €17,676 | - |
| Investment in fixed assets (approximation) | - | -€18,726 | -€46,017 | €54,399 | €0 | ▼ 100% |
| Change in cash | - | -€15,229 | -€21,050 | -€13,879 | -€520 | ▲ 96.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 906 companies had the same profile as BennTex has now. Two years later, 89.3% were still going and 6.1% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
89.3%
was still going
4.1%
stopped otherwise
6.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BennTex itself is lower: 0.7% within 12 months. It rests on far more data about BennTex than the profile alone.
Test of the method
The method was tested on the 497,446 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 906 companies, not a prediction for BennTex. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-06-2026 | 2026-00139405 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00416361 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00373588 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00340202 | |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20183171 |