BENVELC
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
6 d early
2022
14 d early
2021
2 d early
2020
22 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?MUNO · 11 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€3.9m▲ 2.2%
2023 · €3.9m
EBIT margin
-1.7%▼ 13.6pp
2023 · 11.9%
Net result
€668,647▼ 40.3%
2023 · €1.1m
Working capital
-€896,359▲ 2.6%
2023 · -€920,646
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
Line20202021202220232024
Turnover€3.2m▲ 11.8%€3.6m▲ 12.0%€3.5m▼ 3.0%€3.9m▲ 10.9%€3.9m▲ 2.2%
Operating result€604,119-€191,042€241,270€459,448▲ 90.4%-€66,099
Net result€605,783▼ 25.8%€7.8m▲ 1,189%€813,383▼ 89.6%€1.1m▲ 37.6%€668,647▼ 40.3%
EBIT margin18.8%▲ 19.2pp-5.3%▼ 24.2pp6.9%▲ 12.2pp11.9%▲ 5.0pp-1.7%▼ 13.6pp
Equity€4.0m▲ 17.7%€5.2m▲ 28.7%€5.5m▲ 6.0%€6.1m▲ 11.3%€6.2m▲ 1.9%
Total assets€13.6m▼ 8.3%€15.1m▲ 10.8%€15.5m▲ 2.7%€16.0m▲ 3.3%€15.8m▼ 1.2%
Debt€9.6m▼ 16.0%€9.9m▲ 3.3%€10.0m▲ 0.9%€9.9m▼ 1.1%€9.6m▼ 3.1%
Working capital-€2.6m▲ 2.4%-€502,509▲ 80.7%-€878,666▼ 74.9%-€920,646▼ 4.8%-€896,359▲ 2.6%
Staff (FTE)28.6▲ 0.7%29.3▲ 2.4%31.6▲ 7.8%29.1▼ 7.9%31.7▲ 8.9%
Why a figure moved sharply
- 2022 Net result -90% on 2021. The previous fiscal year ran 15 months, this one 12.
- 2021 Net result +1,189% on 2020. This fiscal year ran 15 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €66,099 after €459,448 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.8m
Fixed assets
€7.1m ▼ 0.2%
Current assets
€8.7m ▼ 2.0%
Equity and liabilities €15.8m
Equity
€6.2m ▲ 1.9%
Debt
€9.6m ▼ 3.1%
Debt's share of the balance-sheet total falls from 61.8% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,627▼
2023 · €541,774
Cash flow
€783,374▼
2023 · €1.2m
Current ratio
0.91▲
2023 · 0.91
Debt to equity
1.54▼
2023 · 1.62
ROE
10.7%▼
2023 · 18.3%
ROA
4.2%▼
2023 · 7.0%
Interest coverage
0.12▼
2023 · 1.48
Debt ≤ 1 year
€9.6m▼
2023 · €9.8m
Debt > 1 year
€0▼
2023 · €107,143
Income taxes
€15,041▼
2023 · €132,198
Staff costs
€2.7m▲
2023 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €3.8m | €3.5m | €4.1m | €4.0m | ▼ 0.1% |
| Turnover70 | €3.2m | €3.6m | €3.5m | €3.9m | €3.9m | ▲ 2.2% |
| Other operating income74 | - | €144,872 | €64,785 | €73,802 | €68,198 | ▼ 7.6% |
| Non-recurring operating income76A | - | €31,070 | €0 | €110,913 | €28,169 | ▼ 74.6% |
| Operating charges60/66A | - | €4.0m | €3.3m | €3.6m | €4.1m | ▲ 14.5% |
| Goods for resale, raw materials and consumables60 | - | €0 | - | - | - | - |
| Purchases600/8 | - | €0 | - | - | - | - |
| Services and other goods61 | - | €953,282 | €722,871 | €1.0m | €1.3m | ▲ 25.2% |
| Remuneration, social security and pensions62 | - | €2.9m | €2.5m | €2.5m | €2.7m | ▲ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,305 | €95,000 | €75,913 | €82,325 | €114,726 | ▲ 39.4% |
| Other operating charges640/8 | - | €13,843 | €9,680 | €11,330 | €10,323 | ▼ 8.9% |
| Non-recurring operating charges66A | - | - | €3,328 | €4,112 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €604,119 | -€191,042 | €241,270 | €459,448 | -€66,099 | ▼ 114% |
| Financial income75/76B | - | €8.2m | €921,823 | €1.2m | €1.2m | ▲ 0.4% |
| Recurring financial income75 | €275,831 | €615,662 | €921,823 | €1.2m | €1.2m | ▲ 0.4% |
| Income from financial fixed assets750 | - | €485,159 | €810,500 | €778,000 | €700,000 | ▼ 10.0% |
| Income from current assets751 | - | €130,488 | €111,201 | €381,436 | €464,976 | ▲ 21.9% |
| Other financial income752/9 | - | €15 | €122 | €578 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | €7.5m | €0 | €304 | €0 | ▼ 100% |
| Financial charges65/66B | - | €161,718 | €125,443 | €368,189 | €415,188 | ▲ 12.8% |
| Recurring financial charges65 | €165,486 | €161,718 | €125,443 | €368,189 | €415,188 | ▲ 12.8% |
| Debt charges650 | €164,699 | €160,761 | €124,728 | €365,604 | €414,404 | ▲ 13.3% |
| Other financial charges652/9 | - | €957 | €715 | €2,585 | €784 | ▼ 69.7% |
| Profit (loss) for the period before taxes9903 | €714,463 | €7.8m | €1.0m | €1.3m | €683,689 | ▼ 45.4% |
| Income taxes67/77 | €108,681 | €5,500 | €224,266 | €132,198 | €15,041 | ▼ 88.6% |
| Taxes670/3 | - | €5,500 | €224,337 | €141,988 | €15,041 | ▼ 89.4% |
| Tax adjustments and reversals of tax provisions77 | - | €0 | €71 | €9,789 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €605,783 | €7.8m | €813,383 | €1.1m | €668,647 | ▼ 40.3% |
| Transfer from tax-exempt reserves789 | - | €625,200 | €0 | €218,940 | €119,260 | ▼ 45.5% |
| Transfer to tax-exempt reserves689 | - | €0 | €35,600 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €303,183 | €8.4m | €777,783 | €1.3m | €787,907 | ▼ 41.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.6m | €15.1m | €15.5m | €16.0m | €15.8m | ▼ 1.2% |
| Fixed assets21/28 | €8.3m | €6.6m | €6.6m | €7.2m | €7.1m | ▼ 0.2% |
| Tangible fixed assets22/27 | €212,373 | €221,370 | €223,816 | €325,866 | €313,084 | ▼ 3.9% |
| Furniture and vehicles24 | - | €37,673 | €92,725 | €263,530 | €296,409 | ▲ 12.5% |
| Leasing and similar rights25 | - | €183,697 | €131,090 | €43,642 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €18,695 | €16,675 | ▼ 10.8% |
| Financial fixed assets28 | €8.1m | €6.4m | €6.4m | €6.8m | €6.8m | = |
| Affiliated companies280/1 | - | €6.4m | €6.4m | €6.8m | €6.8m | = |
| Participating interests280 | - | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Amounts receivable281 | - | €400,000 | €400,000 | €800,000 | €800,000 | = |
| Other financial fixed assets284/8 | - | €1,661 | €1,661 | €1,500 | €1,500 | = |
| Shares284 | - | €161 | €161 | €0 | - | - |
| Amounts receivable and cash guarantees285/8 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €5.4m | €8.5m | €8.9m | €8.9m | €8.7m | ▼ 2.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €5.3m | €8.4m | €8.8m | €8.8m | €8.6m | ▼ 2.0% |
| Trade receivables40 | - | €8,454 | €1,700 | €53,112 | €121,527 | ▲ 129% |
| Other amounts receivable41 | - | €8.4m | €8.8m | €8.8m | €8.5m | ▼ 2.8% |
| Cash at bank and in hand54/58 | €11,902 | €6,870 | €10,712 | €21,942 | €55,054 | ▲ 151% |
| Deferred charges and accrued income490/1 | - | €12,499 | €31,621 | €36,355 | €3,725 | ▼ 89.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.6m | €15.1m | €15.5m | €16.0m | €15.8m | ▼ 1.2% |
| Equity10/15 | €4.0m | €5.2m | €5.5m | €6.1m | €6.2m | ▲ 1.9% |
| Contributions10/11 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Capital10 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Issued capital100 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €2.3m | €3.5m | €3.8m | €4.4m | €4.6m | ▲ 2.7% |
| Non-distributable reserves130/1 | - | €169,010 | €169,010 | €169,010 | €169,010 | = |
| Legal reserve130 | - | €169,010 | €169,010 | €169,010 | €169,010 | = |
| Tax-exempt reserves132 | - | €302,600 | €338,200 | €119,260 | €0 | ▼ 100% |
| Distributable reserves133 | - | €3.0m | €3.3m | €4.1m | €4.4m | ▲ 5.7% |
| Amounts payable17/49 | €9.6m | €9.9m | €10.0m | €9.9m | €9.6m | ▼ 3.1% |
| Amounts payable after more than one year17 | €1.6m | €953,707 | €266,613 | €107,143 | €0 | ▼ 100% |
| Financial debts170/4 | - | €457,141 | €266,613 | €107,143 | €0 | ▼ 100% |
| Leasing and similar obligations172 | - | €64,284 | €16,613 | €0 | - | - |
| Credit institutions173 | - | €392,857 | €250,000 | €107,143 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €496,566 | €0 | - | - | - |
| Amounts payable within one year42/48 | €8.0m | €9.0m | €9.7m | €9.8m | €9.6m | ▼ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €220,515 | €190,528 | €159,470 | €107,143 | ▼ 32.8% |
| Financial debts43 | - | - | - | - | €58,500 | - |
| Credit institutions430/8 | - | - | - | - | €58,500 | - |
| Trade debts44 | €68,747 | €83,030 | €108,684 | €162,578 | €222,973 | ▲ 37.1% |
| Suppliers440/4 | - | €83,030 | €108,684 | €162,578 | €222,973 | ▲ 37.1% |
| Taxes, remuneration and social security45 | - | €451,082 | €534,153 | €546,082 | €628,630 | ▲ 15.1% |
| Taxes450/3 | - | €113,417 | €159,490 | €153,245 | €165,135 | ▲ 7.8% |
| Remuneration and social security454/9 | - | €337,665 | €374,663 | €392,837 | €463,495 | ▲ 18.0% |
| Other amounts payable47/48 | - | €8.2m | €8.9m | €8.9m | €8.6m | ▼ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €605,783 | €7.8m | €813,383 | €1.1m | €668,647 | ▼ 40.3% |
| + Depreciation and write-downs630 | €68,305 | €95,000 | €75,913 | €82,325 | €114,726 | ▲ 39.4% |
| Operating cash flow (approximation) | €674,087 | €7.9m | €889,296 | €1.2m | €783,374 | ▼ 34.8% |
| Investment in fixed assets (approximation) | - | €1.5m | -€78,358 | -€584,215 | -€101,943 | ▲ 82.6% |
| Change in cash | - | -€5,032 | €3,842 | €11,230 | €33,113 | ▲ 195% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €7.8m ▲1,189%
Net result €7.8m, the highest in the series.
31-12
Financial
Equity above €5mEq €5.2m ▲28.7%
3 profitable years in a row build equity to €5.2m.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €816,015
Net result €816,015 after one loss-making year.
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Part of the group
MUNO
11 companies
Group, risk and exposure
Owners and holdings
1 owner · 8 holdings · 11 subsidiaries in the treeChain of control
- MUNO
- BENVELC
Highest known parent: MUNO. The sources do not say who stands above it.
Owners 1
- MUNOparentSourceaccounts MUNO 31-03-2024100%
Holdings 8
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100%
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100%
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100%
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100%
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100%
-
100%
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100%
-
100%
All subsidiaries, including indirect ones 11
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- FORREZ BANDENSERVICE 100%
- FORREZ INTERNATIONAL 100%
- Forrez NederlandNL 100%
- Forrez Services 100%
- PNEUS FORREZ 100%
- PneusJantes.frFR 100%
SPACERENT 100%3 subsidiaries
- FORREZ VLAANDEREN 100%
- FORREZ WALLONIE 100%
- FORRIM 100%
- X PNEUS 100%
According to the 2024 annual accounts of BENVELC and those 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,780 EUR awarded · 4,757 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 288 EUR | 353 EUR |
| 2024 | 1 | 408 EUR | 332 EUR |
| 2023 | 2 | 1,946 EUR | 1,934 EUR |
| 2022 | 1 | 2,138 EUR | 2,138 EUR |