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Benova

Active
Private limited companyfounded 200323 yrs activeBreemsedijk 103, 2350 Vosselaar, BelgiumKBO/BCE: BE 0479.379.443
Summary

Benova has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€50,584) and a net result of €7,805. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 10552 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability71▲+3
Solvency16▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.43 in 2024; short-term debt: 109.3% and cash: 2.1% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
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 2025
Solvency, return and age of the figures
Solvency
-9.3%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 10552 sector peers (2025).
NBB · sector comparison
Position among 10552 sector peers
Solvency
better than 10%
← weakest strongest →
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 30-03-2026, 123 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
123 d early
2024
129 d early
2023
29 d early
2022
125 d early
2021
2 d late
2020
27 d late
2019
5 d late
← 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 53 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 30 March (4 of the last 5 filed years within 95 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

History

On 22 January 2003, Benova was incorporated.1 Total assets went from EUR 36,063 in 2018 to EUR 543,392 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€50,584▲ 13.4%
2024 · -€58,389
Total assets
€543,392▲ 82.3%
2024 · €298,055
Net result
€7,805
2024 · -€1,092
Working capital
-€202,466▲ 0.7%
2024 · -€203,817
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€6,672▼ 281%-€38,078▼ 471%-€34,150▲ 10.3%-€831▲ 97.6%€7,937
Net result-€7,464below the sector's middle half▼ 18.5%-€38,942below the sector's middle half▼ 422%-€34,747below the sector's middle half▲ 10.8%-€1,092below the sector's middle half▲ 96.9%€7,805within the sector's middle half
Equity€16,392below the sector's middle half▼ 31.3%-€22,550below the sector's middle half-€57,297below the sector's middle half▼ 154%-€58,389below the sector's middle half▼ 1.9%-€50,584below the sector's middle half▲ 13.4%
Total assets€176,823below the sector's middle half▲ 17.7%€110,597below the sector's middle half▼ 37.5%€71,733below the sector's middle half▼ 35.1%€298,055below the sector's middle half▲ 316%€543,392within the sector's middle half▲ 82.3%
Debt€160,430▲ 26.9%€133,147▼ 17.0%€129,030▼ 3.1%€356,444▲ 176%€593,976▲ 66.6%
Working capital-€37,694below the sector's middle half-€82,231below the sector's middle half▼ 118%-€113,216below the sector's middle half▼ 37.7%-€203,817below the sector's middle half▼ 80.0%-€202,466below the sector's middle half▲ 0.7%
Solvency9.3%below the sector's middle half▼ 6.6pp-20.4%below the sector's middle half▼ 29.7pp-79.9%below the sector's middle half▼ 59.5pp-19.6%below the sector's middle half▲ 60.3pp-9.3%below the sector's middle half▲ 10.3pp
Current ratio0.68below the sector's middle half▼ 0.330.28below the sector's middle half▼ 0.390.11below the sector's middle half▼ 0.170.43below the sector's middle half▲ 0.320.66below the sector's middle half▲ 0.23
Return on assets (ROA)-4.2%below the sector's middle half=-35.2%below the sector's middle half▼ 31.0pp-48.4%below the sector's middle half▼ 13.2pp-0.4%below the sector's middle half▲ 48.1pp1.4%within the sector's middle half▲ 1.8pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0Operating result 2021: -€6,672-€6,672Net result 2021: -€7,464-€7,464Operating result 2022: -€38,078-€38,078Net result 2022: -€38,942-€38,942Operating result 2023: -€34,150-€34,150Net result 2023: -€34,747-€34,747Operating result 2024: -€831-€831Net result 2024: -€1,092-€1,092Operating result 2025: €7,937€7,937Net result 2025: €7,805€7,80520212022202320242025-€40,000-€20,000€0Operating result 2023: -€34,150-€34,100Net result 2023: -€34,747-€34,700Operating result 2024: -€831-€831Net result 2024: -€1,092-€1,090Operating result 2025: €7,937€7,940Net result 2025: €7,805€7,800202320242025
The operating result returns to profit in 2025: €7,937 after a loss of €831 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €543,392
Fixed assets €151,882 ▲ 4.4%
Current assets €391,509 ▲ 157%
Key figures and ratios
2025 value · change against 2024
EBITDA
€25,684▲
2024 · €9,303
Cash flow
€25,551▲
2024 · €9,043
Debt to equity
-11.74▼
2024 · -6.10
Interest coverage
192.48▲
2024 · 43.28
Debt ≤ 1 year
€593,976▲
2024 · €356,444
Income taxes
€0▼
2024 · €46
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 518 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a profit under 5% of the balance sheet
2.9% went bankrupt
3.9% stopped otherwise
92% still going

A further 1.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 518 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€298,055€543,392▲
Fixed assets21/28€145,429€151,882▲
Tangible fixed assets22/27€145,429€151,882▲
Land and buildings22-€4,149
Plant, machinery and equipment23€1,049€649▼
Furniture and vehicles24€144,380€147,084▲
Current assets29/58€152,626€391,509▲
Amounts receivable within one year40/41€124,375€359,627▲
Trade receivables40€0€86,691▲
Other amounts receivable41€124,375€272,936▲
Cash at bank and in hand54/58€27,967€11,531▼
Deferred charges and accrued income490/1€284€20,351▲
Equity and liabilities
Total equity and liabilities10/49€298,055€543,392▲
Equity10/15-€58,389-€50,584▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14-€78,849-€71,044▲
Amounts payable17/49€356,444€593,976▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€356,444€593,976▲
Current portion of amounts payable after more than one year42€2,150€0▼
Trade debts44€796€92▼
Suppliers440/4€796€92▼
Taxes, remuneration and social security45€46€14,986▲
Taxes450/3€46€14,986▲
Other amounts payable47/48€353,452€578,898▲
Income statement Code20242025
Non-recurring operating income76A€34,694€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,134€17,747▲
Other operating charges640/8€788€1,129▲
Non-recurring operating charges66A€2,446€0▼
Gross operating margin9900€12,537€26,813▲
Operating profit (loss)9901-€831€7,937▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€215€133▼
Recurring financial charges65€215€133▼
Profit (loss) for the period before taxes9903-€1,046€7,805▲
Income taxes67/77€46€0▼
Profit (loss) for the period9904-€1,092€7,805▲
Profit (loss) for the period to be appropriated9905-€1,092€7,805▲
Appropriation of the result
Profit (loss) to be appropriated9906-€78,849-€71,044▲
Profit (loss) brought forward from the previous period14P-€77,757-€78,849▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A---€34,694€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,941€20,043€20,162€10,134€17,747▲ 75.1%
Other operating charges640/8€1,151€898€893€788€1,129▲ 43.3%
Non-recurring operating charges66A---€2,446€0▼ 100%
Gross operating margin9900€8,421-€17,137-€13,094€12,537€26,813▲ 114%
Operating profit (loss)9901-€6,672-€38,078-€34,150-€831€7,937▲ 1,055%
Financial income75/76B€0€14€0€0€1-
Recurring financial income75€0€14€0€0€1-
Financial charges65/66B€767€759€466€215€133▼ 37.9%
Recurring financial charges65€767€759€466€215€133▼ 37.9%
Profit (loss) for the period before taxes9903-€7,438-€38,823-€34,615-€1,046€7,805▲ 846%
Income taxes67/77€26€120€132€46€0▼ 100%
Profit (loss) for the period9904-€7,464-€38,942-€34,747-€1,092€7,805▲ 815%
Profit (loss) for the period to be appropriated9905-€7,464-€38,942-€34,747-€1,092€7,805▲ 815%
Line20212022202320242025Change
Assets
Total assets20/58€176,823€110,597€71,733€298,055€543,392▲ 82.3%
Fixed assets21/28€98,388€78,231€58,069€145,429€151,882▲ 4.4%
Tangible fixed assets22/27€98,388€78,231€58,069€145,429€151,882▲ 4.4%
Land and buildings22€130€0--€4,149-
Plant, machinery and equipment23-€1,849€1,449€1,049€649▼ 38.1%
Furniture and vehicles24€98,257€76,382€56,620€144,380€147,084▲ 1.9%
Current assets29/58€78,435€32,366€13,664€152,626€391,509▲ 157%
Amounts receivable within one year40/41€54,184€26,709€11,593€124,375€359,627▲ 189%
Trade receivables40€10,019€25,230€4,864€0€86,691-
Other amounts receivable41€44,165€1,479€6,729€124,375€272,936▲ 119%
Cash at bank and in hand54/58€24,251€4,977€1,363€27,967€11,531▼ 58.8%
Deferred charges and accrued income490/1€0€680€707€284€20,351▲ 7,060%
Equity and liabilities
Total equity and liabilities10/49€176,823€110,597€71,733€298,055€543,392▲ 82.3%
Equity10/15€16,392-€22,550-€57,297-€58,389-€50,584▲ 13.4%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14-€4,068-€43,010-€77,757-€78,849-€71,044▲ 9.9%
Amounts payable17/49€160,430€133,147€129,030€356,444€593,976▲ 66.6%
Amounts payable after more than one year17€44,301€18,551€2,150€0--
Financial debts170/4€44,301€18,551€2,150€0--
Amounts payable within one year42/48€116,129€114,597€126,880€356,444€593,976▲ 66.6%
Current portion of amounts payable after more than one year42€25,483€25,750€16,401€2,150€0▼ 100%
Trade debts44€3,063€13,591€384€796€92▼ 88.5%
Suppliers440/4€3,063€13,591€384€796€92▼ 88.5%
Taxes, remuneration and social security45€17,592€15,573€887€46€14,986▲ 32,657%
Taxes450/3€5,842€5,073€887€46€14,986▲ 32,657%
Remuneration and social security454/9€11,750€10,500€0---
Other amounts payable47/48€69,990€59,683€109,207€353,452€578,898▲ 63.8%
Accrued charges and deferred income492/3€0-----
Line20212022202320242025Change
Profit (loss) for the period9904-€7,464-€38,942-€34,747-€1,092€7,805▲ 815%
+ Depreciation and write-downs630€13,941€20,043€20,162€10,134€17,747▲ 75.1%
Operating cash flow (approximation)€6,478-€18,899-€14,585€9,043€25,551▲ 183%
Investment in fixed assets (approximation)-€113€0-€97,494-€24,200▲ 75.2%
Change in cash--€19,274-€3,613€26,604-€16,436▼ 162%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-03
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Back to profitnet €7,805
Net result €7,805 after 5 loss-making years.
24-03
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€38,942
Net result drops to -€38,942, the lowest in the series; recovery starts the following year.
02-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
05-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2019
28-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Vosselaar · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
2,573 m²
Building footprint
367 m²
Volume, LiDAR
1,858 m³
Parcel 13046B0317/00R000, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
BE Motorsport
Breemsedijk 103, 2350 VosselaarFinancial service activities, except insurance and pension funding
since 20032.123.197.267
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13046B0317/00R000 Flanders 2,573 m² 1 · 367 m² 10.0 m · 1 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. BESTINGRAPHICS 99%
  2. Benova

Highest known parent: BESTINGRAPHICS. The sources do not say who stands above it.

Owners 1

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.

Subsidies and aid

Flemish government

2022 · 1 entry · 507 EUR awarded · 507 EUR paid
Year Entries awardedpaid
2022 1 507 EUR507 EUR
Schemes
1 entry · 507 EUR · 507 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 6,488 companies in sector 47716 we hold annual accounts for 2,440. 1,496 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
Founded22-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47715Retail trade
47721Retail sale of footwear
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0479379443
Also 9925:BE0479379443
Registered 19-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.