BENWATT
ActiveSummary
BENWATT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€404) and a net result of €15,721. Equity is shrinking by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 3203 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
What stands out
Overview
0 of 3 deeds readAccounts 53 d earlyTurnover not published (abridged schema)
Why 59- Annual accounts: weaker financial profile- Weak solvency vs sector+ Lower-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+12
Solvency25▲+11
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.59 in 2024; short-term debt: 89.7% and cash: 57% of total assets), and equity is negative.
Credit check for your own amount and term
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
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 2025Solvency, return and age of the figures
Solvency
-0.3%
Return on assets
10.5%
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 18% of 3203 sector peers (2025).
NBB · sector comparisonPosition among 3203 sector peers
Solvency
better than 18%
← 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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
41 d early
2023
58 d early
2022
48 d early
2021
48 d early
2020
46 d early
2019
32 d early
← 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 47 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2018net €15,721 ▲1,343%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €149,533Profit €15,721Solvency -0.3%Liquidity 0.68
Total assets
€149,533▲ 3.0%
2018 - 2025
Net result
€15,721▲ 1,343%
2018 - 2025
Equity
-€404▲ 97.5%
2018 - 2025
Solvency
-0.3%▲ 10.8pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 01, Crop and animal production, hunting and related service activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,467▼ 60.2%-€573▲ 89.5%-€2,553▼ 345%€1,129€15,816▲ 1,301%
Net result-€5,516below the sector's middle half▼ 58.6%-€607within the sector's middle half▲ 89.0%-€2,588within the sector's middle half▼ 326%€1,090within the sector's middle half€15,721within the sector's middle half▲ 1,343%
Equity-€14,020below the sector's middle half▼ 64.9%-€14,627below the sector's middle half▼ 4.3%-€17,215below the sector's middle half▼ 17.7%-€16,125below the sector's middle half▲ 6.3%-€404below the sector's middle half▲ 97.5%
Total assets€76,957below the sector's middle half▼ 2.0%€149,509within the sector's middle half▲ 94.3%€144,770within the sector's middle half▼ 3.2%€145,224within the sector's middle half▲ 0.3%€149,533within the sector's middle half▲ 3.0%
Debt€90,977▲ 4.6%€164,135▲ 80.4%€161,985▼ 1.3%€161,349▼ 0.4%€149,937▼ 7.1%
Working capital-€65,040below the sector's middle half▼ 10.3%-€63,212below the sector's middle half▲ 2.8%-€63,504below the sector's middle half▼ 0.5%-€60,331below the sector's middle half▲ 5.0%-€43,052within the sector's middle half▲ 28.6%
Solvency-18.2%below the sector's middle half▼ 7.4pp-9.8%below the sector's middle half▲ 8.4pp-11.9%below the sector's middle half▼ 2.1pp-11.1%below the sector's middle half▲ 0.8pp-0.3%below the sector's middle half▲ 10.8pp
Current ratio0.14below the sector's middle half▼ 0.040.57below the sector's middle half▲ 0.440.57below the sector's middle half▼ 0.010.59within the sector's middle half▲ 0.020.68within the sector's middle half▲ 0.09
Return on assets (ROA)-7.2%below the sector's middle half▼ 2.7pp-0.4%within the sector's middle half▲ 6.8pp-1.8%within the sector's middle half▼ 1.4pp0.8%within the sector's middle half▲ 2.5pp10.5%above the sector's middle half▲ 9.8pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,301% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,533
Fixed assets
€58,448 ▼ 2.4%
Current assets
€91,085 ▲ 6.8%
Equity and liabilities
Equity-€404
Debt€149,937
Equity is negative: debt (€149,937) exceeds the balance-sheet total (€149,533).
Key figures and ratios
Key figures and ratios
EBITDA
€17,524▲
2024 · €3,187
Cash flow
€17,429▲
2024 · €3,148
Quick ratio
0.66▲
2024 · 0.57
Interest coverage
184.76▲
2024 · 81.42
Debt ≤ 1 year
€134,137▼
2024 · €145,649
Debt > 1 year
€15,000=
2024 · €15,000
Equity ratios withheld: equity of -€404 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 3,632 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,053 | €2,436 | €2,296 | €2,058 | €1,708 | ▼ 17.0% |
| Other operating charges640/8 | €1,778 | €1,799 | €1,971 | €2,047 | €2,265 | ▲ 10.7% |
| Gross operating margin9900 | €363 | €3,662 | €1,713 | €5,234 | €19,790 | ▲ 278% |
| Operating profit (loss)9901 | -€5,467 | -€573 | -€2,553 | €1,129 | €15,816 | ▲ 1,301% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | €48 | €34 | €35 | €39 | €95 | ▲ 142% |
| Recurring financial charges65 | €48 | €34 | €35 | €39 | €95 | ▲ 142% |
| Profit (loss) for the period before taxes9903 | -€5,516 | -€607 | -€2,588 | €1,090 | €15,721 | ▲ 1,343% |
| Profit (loss) for the period9904 | -€5,516 | -€607 | -€2,588 | €1,090 | €15,721 | ▲ 1,343% |
| Profit (loss) for the period to be appropriated9905 | -€5,516 | -€607 | -€2,588 | €1,090 | €15,721 | ▲ 1,343% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,957 | €149,509 | €144,770 | €145,224 | €149,533 | ▲ 3.0% |
| Fixed assets21/28 | €66,696 | €64,260 | €61,964 | €59,906 | €58,448 | ▼ 2.4% |
| Tangible fixed assets22/27 | €66,696 | €64,260 | €61,964 | €59,906 | €58,198 | ▼ 2.9% |
| Land and buildings22 | €59,871 | €58,741 | €57,610 | €56,718 | €55,826 | ▼ 1.6% |
| Plant, machinery and equipment23 | €6,685 | €5,519 | €4,354 | €3,188 | €2,373 | ▼ 25.6% |
| Furniture and vehicles24 | €140 | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €250 | - |
| Current assets29/58 | €10,262 | €85,249 | €82,806 | €85,317 | €91,085 | ▲ 6.8% |
| Stocks and contracts in progress3 | €2,310 | €2,510 | €2,510 | €2,560 | €2,560 | = |
| Stocks30/36 | €2,310 | €2,510 | €2,510 | €2,560 | €2,560 | = |
| Amounts receivable within one year40/41 | €5,961 | €7,676 | €1,728 | €1,198 | €1,736 | ▲ 45.0% |
| Trade receivables40 | €5,886 | €7,561 | €1,483 | €636 | €1,163 | ▲ 82.8% |
| Other amounts receivable41 | €76 | €116 | €244 | €562 | €573 | ▲ 2.1% |
| Cash at bank and in hand54/58 | €1,990 | €75,062 | €77,181 | €81,560 | €85,282 | ▲ 4.6% |
| Deferred charges and accrued income490/1 | - | - | €1,387 | - | €1,507 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,957 | €149,509 | €144,770 | €145,224 | €149,533 | ▲ 3.0% |
| Equity10/15 | -€14,020 | -€14,627 | -€17,215 | -€16,125 | -€404 | ▲ 97.5% |
| Contributions10/11 | €22,610 | €22,610 | €22,610 | €22,610 | €22,610 | = |
| Reserves13 | €2,839 | €2,839 | €2,839 | €2,839 | €2,839 | = |
| Non-distributable reserves130/1 | €2,261 | €2,261 | - | - | - | - |
| Reserves not available under the articles1311 | €2,261 | €2,261 | - | - | - | - |
| Distributable reserves133 | €578 | €578 | €2,839 | €2,839 | €2,839 | = |
| Profit (loss) carried forward14 | -€39,469 | -€40,076 | -€42,664 | -€41,574 | -€25,853 | ▲ 37.8% |
| Amounts payable17/49 | €90,977 | €164,135 | €161,985 | €161,349 | €149,937 | ▼ 7.1% |
| Amounts payable after more than one year17 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Financial debts170/4 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Amounts payable within one year42/48 | €75,302 | €148,460 | €146,310 | €145,649 | €134,137 | ▼ 7.9% |
| Trade debts44 | €1,164 | €71,322 | €69,154 | €68,228 | €57,085 | ▼ 16.3% |
| Suppliers440/4 | €1,164 | €71,322 | €69,154 | €68,228 | €57,085 | ▼ 16.3% |
| Taxes, remuneration and social security45 | - | - | - | €494 | - | - |
| Taxes450/3 | - | - | - | €494 | - | - |
| Other amounts payable47/48 | €74,138 | €77,138 | €77,156 | €76,926 | €77,052 | ▲ 0.2% |
| Accrued charges and deferred income492/3 | €675 | €675 | €675 | €700 | €800 | ▲ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,516 | -€607 | -€2,588 | €1,090 | €15,721 | ▲ 1,343% |
| + Depreciation and write-downs630 | €4,053 | €2,436 | €2,296 | €2,058 | €1,708 | ▼ 17.0% |
| Operating cash flow (approximation) | -€1,463 | €1,829 | -€292 | €3,148 | €17,429 | ▲ 454% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€250 | - |
| Change in cash | - | €73,072 | €2,119 | €4,379 | €3,722 | ▼ 15.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
BUYSE
BE 0842.056.010
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De Calve
BE 1027.199.415
Zonnebeke
Dehem
BE 0537.202.727
Zonnebeke
Denorme B
BE 1018.119.621
Zonnebeke
DEPRAETERE Mts
BE 1022.309.625
Zonnebeke
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,577 companies in this sector we hold annual accounts for 1,149. See the whole sector
Timeline
13 eventsLatest 08-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €15,721 ▲1,343%
Operating result €15,816, net result €15,721, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,090
Net result €1,090 after 6 loss-making years.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€5,516
Net result drops to -€5,516, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Company details
Private limited company · founded 10-06-2008Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded10-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898469131
Also
9925:BE0898469131
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Zonnebeke · 1 establishment unit since 2008
Ground area
2,749 m²
Building footprint
142 m²
Volume, LiDAR
661 m³
Parcel 33008A0267/00A004, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BENWATT
since 2008unit no. 2.213.803.977
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33008A0267/00A004 | Flanders | 2,749 m² | 1 · 142 m² | 6.8 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.
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