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BENTHAM

Active
Private limited companyfounded 2000active for 25 yearsSchuurhoven 64, 2360 Oud-Turnhout, BelgiumKBO/BCE: BE 0473.135.613
Summary

BENTHAM has been active since 2000 and the Belgian Official 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 financial years (±2.3% per year). Its solvency ranks better than 95% of 10,572 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (12 days) Filed on 12 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00111810.

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

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

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.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.1m 2025 Net result-€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€0.2m
Operating result€0.02m--€0.06m-€0.05m▲ 24.2%€0.3m-€0.04m-€0.1m▼ 180%-€0.1m▼ 33.0%
Net result€2.3m--€0.08mbelow the sector's middle half-€0.06mbelow the sector's middle half▲ 31.4%€0.3mabove the sector's middle half-€0.04mbelow the sector's middle half-€0.01mbelow the sector's middle half▲ 71.4%-€0.1mbelow the sector's middle half▼ 1,090%
EBIT margin-37.4%
Equity€3.0m-€2.9mabove the sector's middle half▼ 2.8%€2.7mabove the sector's middle half▼ 6.5%€3.0mabove the sector's middle half▲ 10.9%€2.7mabove the sector's middle half▼ 9.5%€2.7mabove the sector's middle half▼ 0.4%€2.6mabove the sector's middle half▼ 4.5%
Total assets€6.7m-€3.8mabove the sector's middle half▼ 43.7%€2.9mabove the sector's middle half▼ 22.3%€3.2mabove the sector's middle half▲ 9.5%€2.9mabove the sector's middle half▼ 10.5%€2.7mwithin the sector's middle half▼ 5.7%€2.6mabove the sector's middle half▼ 3.6%
Debt€3.7m-€0.8m▼ 77.1%€0.2m▼ 77.4%€0.2m▼ 7.9%€0.1m▼ 29.6%€0.01m▼ 89.9%€0.04m▲ 188%
Working capital€2.9m-€1.5mabove the sector's middle half▼ 48.5%€0.7mabove the sector's middle half▼ 56.0%€1.0mabove the sector's middle half▲ 54.3%€0.8mabove the sector's middle half▼ 21.2%€0.7mabove the sector's middle half▼ 7.4%€0.6mabove the sector's middle half▼ 17.3%
Solvency44.4%-76.5%above the sector's middle half▲ 32.1pp92.0%above the sector's middle half▲ 15.5pp93.2%above the sector's middle half▲ 1.2pp94.2%above the sector's middle half▲ 1.0pp99.5%above the sector's middle half▲ 5.4pp98.6%above the sector's middle half▼ 0.9pp
Current ratio2.88-18.75above the sector's middle half▲ 15.8810.56above the sector's middle half▼ 8.1917.39above the sector's middle half▲ 6.8235.96above the sector's middle half▲ 18.5860.25above the sector's middle half▲ 24.2923.28above the sector's middle half▼ 36.97
Return on assets (ROA)34.3%--2.2%below the sector's middle half▼ 36.6pp-2.0%below the sector's middle half▲ 0.3pp9.1%within the sector's middle half▲ 11.1pp-1.2%below the sector's middle half▼ 10.4pp-0.4%below the sector's middle half▲ 0.9pp-4.7%below the sector's middle half▼ 4.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2025 Net result -1,090% on 2024. The previous financial year ran 9 months, this one 12.
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
2025 value · change against 2024
EBITDA
-€44,319▼
2024 · -€11,217
Cash flow
-€32,534▼
2024 · €78,648
Debt to equity
0.01▲
2024 · 0.00
ROE
-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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.7m€2.6m▼
Fixed assets21/28€1.9m€2.0m▲
Tangible fixed assets22/27€0.6m€0.6m▲
Land and buildings22€0.5m€0.6m▲
Plant, machinery and equipment23€431€217▼
Furniture and vehicles24€0.03m€0.004m▼
Other tangible fixed assets26€0.01m€0.01m=
Assets under construction and advance payments27€0.001m€0▼
Financial fixed assets28€1.4m€1.4m=
Current assets29/58€0.7m€0.6m▼
Amounts receivable within one year40/41€0.2m€0.2m▲
Trade receivables40€0.03m€0.07m▲
Other amounts receivable41€0.1m€0.1m▲
Cash at bank and in hand54/58€0.6m€0.4m▼
Equity and liabilities
Total equity and liabilities10/49€2.7m€2.6m▼
Equity10/15€2.7m€2.6m▼
Contributions10/11€0.02m€0.02m=
Reserves13€2.7m€2.5m▼
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.08m€0.08m=
Distributable reserves133€2.6m€2.5m▼
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Major repairs and maintenance162€0-
Amounts payable17/49€0.01m€0.04m▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€0.01m€0.03m▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€0.003m€0▼
Credit institutions430/8€0.003m€0▼
Trade debts44€0.009m€0.02m▲
Suppliers440/4€0.009m€0.02m▲
Taxes, remuneration and social security45€0€0.005m▲
Taxes450/3€0€0.005m▲
Accrued charges and deferred income492/3-€0.009m
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.09m▼
Other operating charges640/8€0.01m€0.01m▲
Non-recurring operating charges66A€0.006m€0▼
Gross operating margin9900€0.007m-€0.03m▼
Operating profit (loss)9901-€0.1m-€0.1m▼
Financial income75/76B€0.1m€0.02m▼
Recurring financial income75€0.03m€0.02m▼
Non-recurring financial income76B€0.07m€0▼
Financial charges65/66B€0.002m€0.003m▲
Recurring financial charges65€0.002m€0.003m▲
Profit (loss) for the period before taxes9903-€0.004m-€0.1m▼
Income taxes67/77€0.007m€273▼
Profit (loss) for the period9904-€0.01m-€0.1m▼
Profit (loss) for the period to be appropriated9905-€0.01m-€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m-€0.1m▼
Profit (loss) brought forward from the previous period14P€0.1m€0▼
Transfer from equity791/2-€0.1m
Transfer to equity691/2€0.1m€0▼
To other reserves6921€0.1m€0▼
Social balance sheet
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.

Line2019202020212022202320242025Change
Turnover70-€0.2m------
Non-recurring operating income76A-€0-€0.3m----
Goods, raw materials, services and sundry goods60/61-€0.2m------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.09m€0.1m€0.1m€0.09m€0.09m€0.09m▼ 0.1%
Other operating charges640/8-€0.02m€0.008m€0.009m€0.01m€0.01m€0.01m▲ 5.8%
Non-recurring operating charges66A-----€0.006m€0▼ 100%
Gross operating margin9900€0.1m€0.05m€0.06m€0.4m€0.07m€0.007m-€0.03m-
Operating profit (loss)9901€0.02m-€0.06m-€0.05m€0.3m-€0.04m-€0.1m-€0.1m▼ 33.0%
Financial income75/76B-€0.005m€0€86-€0.1m€0.02m▼ 84.7%
Recurring financial income75€334€0.005m€0€86-€0.03m€0.02m▼ 46.4%
Non-recurring financial income76B-----€0.07m€0▼ 100%
Financial charges65/66B-€0.03m€0.01m€0.006m€30€0.002m€0.003m▲ 29.0%
Recurring financial charges65€0.02m€0.03m€0.01m€0.006m€30€0.002m€0.003m▲ 29.0%
Profit (loss) for the period before taxes9903€2.3m-€0.08m-€0.06m€0.3m-€0.04m-€0.004m-€0.1m▼ 3,300%
Income taxes67/77€0.008m-€0.001m€0.001m€0.001m-€0.007m€273▼ 95.9%
Profit (loss) for the period9904€2.3m-€0.08m-€0.06m€0.3m-€0.04m-€0.01m-€0.1m▼ 1,090%
Transfer from tax-exempt reserves789-€0------
Profit (loss) for the period to be appropriated9905€2.3m-€0.08m-€0.06m€0.3m-€0.04m-€0.01m-€0.1m▼ 1,090%
Line2019202020212022202320242025Change
Assets
Total assets20/58€6.7m€3.8m€2.9m€3.2m€2.9m€2.7m€2.6m▼ 3.6%
Fixed assets21/28€2.2m€2.2m€2.2m€2.1m€2.0m€1.9m€2.0m▲ 0.8%
Tangible fixed assets22/27€0.9m€0.8m€0.8m€0.7m€0.7m€0.6m€0.6m▲ 2.5%
Land and buildings22-€0.8m€0.7m€0.6m€0.6m€0.5m€0.6m▲ 8.0%
Plant, machinery and equipment23-€0.001m€0.001m€0.008m€0.006m€431€217▼ 49.7%
Furniture and vehicles24-€0.02m€0.1m€0.1m€0.07m€0.03m€0.004m▼ 85.6%
Other tangible fixed assets26-----€0.01m€0.01m=
Assets under construction and advance payments27-€0.008m€0.006m€0.004m€0.003m€0.001m€0▼ 100%
Financial fixed assets28€1.4m€1.4m€1.4m€1.4m€1.4m€1.4m€1.4m=
Current assets29/58€4.4m€1.6m€0.7m€1.1m€0.8m€0.7m€0.6m▼ 15.1%
Amounts receivable within one year40/41€4.4m€0.1m€0.03m€0.02m€0.03m€0.2m€0.2m▲ 22.0%
Trade receivables40-€0.02m€0.03m€0.02m€0.02m€0.03m€0.07m▲ 134%
Other amounts receivable41-€0.08m€323€0€0.008m€0.1m€0.1m▲ 0.4%
Cash at bank and in hand54/58-€1.5m€0.7m€1.1m€0.8m€0.6m€0.4m▼ 26.4%
Equity and liabilities
Total equity and liabilities10/49€6.7m€3.8m€2.9m€3.2m€2.9m€2.7m€2.6m▼ 3.6%
Equity10/15€3.0m€2.9m€2.7m€3.0m€2.7m€2.7m€2.6m▼ 4.5%
Contributions10/11€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m=
Capital10----€0.02m---
Issued capital100----€0.02m---
Reserves13€2.9m€2.9m€2.8m€2.8m€2.5m€2.7m€2.5m▼ 4.6%
Non-distributable reserves130/1-€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311-€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132-€0.08m€0.08m€0.08m€0.08m€0.08m€0.08m=
Distributable reserves133-€2.8m€2.7m€2.7m€2.5m€2.6m€2.5m▼ 4.7%
Profit (loss) carried forward14€0.02m-€0.06m-€0.1m€0.2m€0.1m€0--
Provisions and deferred taxes16€0.04m€0.04m€0.04m€0.04m€0.04m€0--
Provisions for liabilities and charges160/5-€0.04m€0.04m€0.04m€0.04m€0--
Major repairs and maintenance162-€0.04m€0.04m€0.04m€0.04m€0--
Amounts payable17/49€3.7m€0.8m€0.2m€0.2m€0.1m€0.01m€0.04m▲ 188%
Amounts payable after more than one year17€2.1m€0.8m€0.1m€0.1m€0.1m€0--
Financial debts170/4-€0.8m€0.1m€0.1m€0.1m€0--
Amounts payable within one year42/48€1.5m€0.08m€0.07m€0.06m€0.02m€0.01m€0.03m▲ 120%
Current portion of amounts payable after more than one year42-€0.07m€0.01m€0.01m€0.01m€0--
Financial debts43-€0---€0.003m€0▼ 100%
Credit institutions430/8-€0---€0.003m€0▼ 100%
Trade debts44€0.2m€0.009m€0.009m€0.03m€0.01m€0.009m€0.02m▲ 144%
Suppliers440/4-€0.009m€0.009m€0.03m€0.01m€0.009m€0.02m▲ 144%
Taxes, remuneration and social security45-€413€0.001m€0.002m€0.001m€0€0.005m-
Taxes450/3-€413€0.001m€0.002m€0.001m€0€0.005m-
Other amounts payable47/48-€0.004m€0.05m€0.02m----
Accrued charges and deferred income492/3---€0.002m--€0.009m-
Line2019202020212022202320242025Change
Profit (loss) for the period9904€2.3m-€0.08m-€0.06m€0.3m-€0.04m-€0.01m-€0.1m▼ 1,090%
+ Depreciation and write-downs630€0.09m€0.09m€0.1m€0.1m€0.09m€0.09m€0.09m▼ 0.1%
Operating cash flow (approximation)€2.4m€0.01m€0.05m€0.4m€0.06m€0.08m-€0.03m-
Investment in fixed assets (approximation)--€0.04m-€0.1m-€0.03m-€0.01m€0.006m-€0.1m-
Change in cash---€0.8m€0.4m-€0.3m-€0.2m-€0.2m▲ 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.

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Subsidies and aid

Flemish government

2025 · 1 entry · €737 awarded · €737 paid
Schemes
1 entry · €737 · €737 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.