BENTHAM
ActiveSummary
BENTHAM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of -€121,282. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity ample (current ratio 23.28 against 60.25 in 2024; short-term debt: 1.1% and cash: 16.3% of total assets), and 1.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.6%
Return on assets
-4.7%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-05-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
92 d late
2023
114 d early
2022
2 d late
2021
2 d late
2020
367 d late
2019
7 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 after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€165,089
EBIT margin
-37.4%
Net result
-€121,282▼ 1,090%
2024 · -€10,194
Working capital
€609,100▼ 17.3%
2024 · €736,900
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
Line20212022202320242025
Turnover
Operating result-€46,793▲ 24.2%€297,861-€35,677-€100,060▼ 180%-€133,067▼ 33.0%
Net result-€57,658▲ 31.4%€291,476-€35,707-€10,194▲ 71.4%-€121,282▼ 1,090%
EBIT margin
Equity€2.7m▼ 6.5%€3.0m▲ 10.9%€2.7m▼ 9.5%€2.7m▼ 0.4%€2.6m▼ 4.5%
Total assets€2.9m▼ 22.3%€3.2m▲ 9.5%€2.9m▼ 10.5%€2.7m▼ 5.7%€2.6m▼ 3.6%
Debt€189,080▼ 77.4%€174,085▼ 7.9%€122,562▼ 29.6%€12,437▼ 89.9%€35,842▲ 188%
Working capital€654,474▼ 56.0%€1.0m▲ 54.3%€795,575▼ 21.2%€736,900▼ 7.4%€609,100▼ 17.3%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €133,067 in 2025 against €100,060 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.0m ▲ 0.8%
Current assets
€636,442 ▼ 15.1%
Equity and liabilities €2.6m
Equity
€2.6m ▼ 4.5%
Debt
€35,842 ▲ 188%
Debt's share of the balance-sheet total rises from 0.5% to 1.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€44,319▼
2024 · -€11,217
Cash flow
-€32,534▼
2024 · €78,648
Current ratio
23.28▼
2024 · 60.25
Debt to equity
0.01▲
2024 · 0.00
ROE
-4.7%▼
2024 · -0.4%
ROA
-4.7%▼
2024 · -0.4%
Interest coverage
-14.31▼
2024 · -4.67
Debt ≤ 1 year
€27,342▲
2024 · €12,437
Income taxes
€273▼
2024 · €6,635
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €340,382 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,066 | €101,340 | €94,821 | €88,843 | €88,748 | ▼ 0.1% |
| Other operating charges640/8 | €8,444 | €9,451 | €12,982 | €12,130 | €12,832 | ▲ 5.8% |
| Non-recurring operating charges66A | - | - | - | €6,485 | €0 | ▼ 100% |
| Gross operating margin9900 | €64,717 | €408,652 | €72,126 | €7,397 | -€31,487 | ▼ 526% |
| Operating profit (loss)9901 | -€46,793 | €297,861 | -€35,677 | -€100,060 | -€133,067 | ▼ 33.0% |
| Financial income75/76B | €0 | €86 | - | €98,901 | €15,156 | ▼ 84.7% |
| Recurring financial income75 | €0 | €86 | - | €28,281 | €15,156 | ▼ 46.4% |
| Non-recurring financial income76B | - | - | - | €70,620 | €0 | ▼ 100% |
| Financial charges65/66B | €10,187 | €5,705 | €30 | €2,401 | €3,098 | ▲ 29.0% |
| Recurring financial charges65 | €10,187 | €5,705 | €30 | €2,401 | €3,098 | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | -€56,980 | €292,242 | -€35,707 | -€3,559 | -€121,009 | ▼ 3,300% |
| Income taxes67/77 | €677 | €766 | - | €6,635 | €273 | ▼ 95.9% |
| Profit (loss) for the period9904 | -€57,658 | €291,476 | -€35,707 | -€10,194 | -€121,282 | ▼ 1,090% |
| Profit (loss) for the period to be appropriated9905 | -€57,658 | €291,476 | -€35,707 | -€10,194 | -€121,282 | ▼ 1,090% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.2m | €2.9m | €2.7m | €2.6m | ▼ 3.6% |
| Fixed assets21/28 | €2.2m | €2.1m | €2.0m | €1.9m | €2.0m | ▲ 0.8% |
| Tangible fixed assets22/27 | €820,359 | €748,234 | €666,998 | €571,671 | €586,213 | ▲ 2.5% |
| Land and buildings22 | €701,152 | €638,050 | €584,081 | €526,171 | €568,293 | ▲ 8.0% |
| Plant, machinery and equipment23 | €1,292 | €7,502 | €6,487 | €431 | €217 | ▼ 49.7% |
| Furniture and vehicles24 | €111,561 | €98,206 | €73,832 | €31,119 | €4,473 | ▼ 85.6% |
| Other tangible fixed assets26 | - | - | - | €13,230 | €13,230 | = |
| Assets under construction and advance payments27 | €6,354 | €4,476 | €2,597 | €719 | €0 | ▼ 100% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Current assets29/58 | €722,901 | €1.1m | €818,329 | €749,337 | €636,442 | ▼ 15.1% |
| Amounts receivable within one year40/41 | €29,153 | €20,191 | €26,893 | €174,996 | €213,474 | ▲ 22.0% |
| Trade receivables40 | €28,831 | €20,191 | €18,531 | €28,217 | €66,068 | ▲ 134% |
| Other amounts receivable41 | €323 | €0 | €8,361 | €146,779 | €147,405 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €693,747 | €1.1m | €791,436 | €574,340 | €422,968 | ▼ 26.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.2m | €2.9m | €2.7m | €2.6m | ▼ 3.6% |
| Equity10/15 | €2.7m | €3.0m | €2.7m | €2.7m | €2.6m | ▼ 4.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Reserves13 | €2.8m | €2.8m | €2.5m | €2.7m | €2.5m | ▼ 4.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Distributable reserves133 | €2.7m | €2.7m | €2.5m | €2.6m | €2.5m | ▼ 4.7% |
| Profit (loss) carried forward14 | -€122,404 | €169,072 | €133,366 | €0 | - | - |
| Provisions and deferred taxes16 | €44,000 | €44,000 | €44,000 | €0 | - | - |
| Provisions for liabilities and charges160/5 | €44,000 | €44,000 | €44,000 | €0 | - | - |
| Major repairs and maintenance162 | €44,000 | €44,000 | €44,000 | €0 | - | - |
| Amounts payable17/49 | €189,080 | €174,085 | €122,562 | €12,437 | €35,842 | ▲ 188% |
| Amounts payable after more than one year17 | €120,654 | €110,011 | €99,808 | €0 | - | - |
| Financial debts170/4 | €120,654 | €110,011 | €99,808 | €0 | - | - |
| Amounts payable within one year42/48 | €68,427 | €61,629 | €22,754 | €12,437 | €27,342 | ▲ 120% |
| Current portion of amounts payable after more than one year42 | €10,223 | €10,643 | €10,643 | €0 | - | - |
| Financial debts43 | - | - | - | €3,213 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €3,213 | €0 | ▼ 100% |
| Trade debts44 | €8,839 | €28,706 | €10,629 | €9,224 | €22,469 | ▲ 144% |
| Suppliers440/4 | €8,839 | €28,706 | €10,629 | €9,224 | €22,469 | ▲ 144% |
| Taxes, remuneration and social security45 | €1,052 | €1,828 | €1,482 | €0 | €4,873 | - |
| Taxes450/3 | €1,052 | €1,828 | €1,482 | €0 | €4,873 | - |
| Other amounts payable47/48 | €48,313 | €20,453 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €2,445 | - | - | €8,500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€57,658 | €291,476 | -€35,707 | -€10,194 | -€121,282 | ▼ 1,090% |
| + Depreciation and write-downs630 | €103,066 | €101,340 | €94,821 | €88,843 | €88,748 | ▼ 0.1% |
| Operating cash flow (approximation) | €45,408 | €392,817 | €59,114 | €78,648 | -€32,534 | ▼ 141% |
| Investment in fixed assets (approximation) | - | -€29,215 | -€13,585 | €6,485 | -€103,766 | ▼ 1,700% |
| Change in cash | - | €357,569 | -€259,880 | -€217,096 | -€151,372 | ▲ 30.3% |
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
Next filing, fiscal year 2026, expected by
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
30-09
Financial
Weakest financial yearnet -€121,282
Net result drops to -€121,282, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 35.96
Current ratio from 17.39 to 35.96; short-term debt falls from €61,629 to €22,754.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Back to profitnet €291,476
Net result €291,476 after 2 loss-making years.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
02-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 367 days late
2020
30-09
Financial
Liquidity times 7current ratio 18.75
Current ratio from 2.88 to 18.75; short-term debt falls from €1.5m to €83,827.
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
30-09
Financial
Highest result since 2018net €2.3m ▲1,190%
Net result €2.3m, the highest in the series.
Show earlier events
30-09
Financial
Liquidity quadruplescurrent ratio 2.88
Current ratio from 0.72 to 2.88.
30-09
Financial
Equity above €2mEq €3.0m ▲342%
2 profitable years in a row build equity to €3.0m.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2011
06-01
State Gazette act
Director resignation · Director appointment
Director reappointment · Permanent representative
2004
11-10
State Gazette act
General meeting · Capital increase
Net-asset statement · Legal-form conversion
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oud-Turnhout · 1 establishment unit since 2000
Ground area
1,562 m²
Building footprint
128 m²
Volume, LiDAR
695 m³
Parcel 13031D0616/00D000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Schuurhoven 64, 2360 Oud-Turnhout
since 20002.099.947.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031D0616/00D000 | Flanders | 1,562 m² | 1 · 128 m² | 6.3 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.
Structure & network
Connections & network
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 737 EUR awarded · 737 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 737 EUR | 737 EUR |
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Of 5,710 companies in sector 70100 we hold annual accounts for 3,502. 1,475 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
Founded25-10-2000
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.