BEOSEC
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 29-08-2025 PDF all 6 filings
Equity
€156,809▼ 2.7%
2023 · €161,091
Total assets
€158,300▼ 2.8%
2023 · €162,885
Net result
-€4,282▲ 28.1%
2023 · -€5,952
Working capital
€156,524▼ 2.7%
2023 · €160,806
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
-€3,986
▲ 29.6%
2024
20192024
Net result
-€4,282
▲ 28.1%
2024
lowest quarter of the sector
20192024
Equity
€156,809
▼ 2.7%
2024
middle half of the sector
20192024
Total assets
€158,300
▼ 2.8%
2024
middle half of the sector
20192024
Debt
€1,492
▼ 16.9%
2024
20192024
Working capital
€156,524
▼ 2.7%
2024
highest quarter of the sector
20192024
Solvency
99.1%
▲ 0.2pp
2024
highest quarter of the sector
20192024
Current ratio
no figure
2024
20192024
Return on assets (ROA)
-2.7%
▲ 0.9pp
2024
lowest quarter of the sector
20192024
Staff (FTE)
no figure
2024
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€93,166-€77,927▼ 16.4%€61,139▼ 21.5%-€3,453-€5,661▼ 63.9%-€3,986▲ 29.6%
Net result€58,714-€55,458above the sector's middle half▼ 5.5%€43,525within the sector's middle half▼ 21.5%-€76below the sector's middle half-€5,952below the sector's middle half▼ 7,712%-€4,282below the sector's middle half▲ 28.1%
Equity€68,136-€123,594within the sector's middle half▲ 81.4%€167,119within the sector's middle half▲ 35.2%€167,043within the sector's middle half=€161,091within the sector's middle half▼ 3.6%€156,809within the sector's middle half▼ 2.7%
Total assets€153,750-€181,781within the sector's middle half▲ 18.2%€208,046within the sector's middle half▲ 14.4%€186,085within the sector's middle half▼ 10.6%€162,885within the sector's middle half▼ 12.5%€158,300within the sector's middle half▼ 2.8%
Debt€85,614-€58,187▼ 32.0%€40,927▼ 29.7%€19,042▼ 53.5%€1,794▼ 90.6%€1,492▼ 16.9%
Working capital€66,436-€122,710within the sector's middle half▲ 84.7%€166,834above the sector's middle half▲ 36.0%€166,758above the sector's middle half=€160,806above the sector's middle half▼ 3.6%€156,524above the sector's middle half▼ 2.7%
Solvency44.3%-68.0%within the sector's middle half▲ 23.7pp80.3%above the sector's middle half▲ 12.3pp89.8%above the sector's middle half▲ 9.4pp98.9%above the sector's middle half▲ 9.1pp99.1%above the sector's middle half▲ 0.2pp
Current ratio1.78-3.11within the sector's middle half▲ 1.335.08above the sector's middle half▲ 1.979.76above the sector's middle half▲ 4.6890.62above the sector's middle half▲ 80.86
Return on assets (ROA)38.2%-30.5%above the sector's middle half▼ 7.7pp20.9%within the sector's middle half▼ 9.6pp0.0%below the sector's middle half▼ 21.0pp-3.7%below the sector's middle half▼ 3.6pp-2.7%below the sector's middle half▲ 0.9pp
Staff (FTE)1-1within the sector's middle half=1=
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €3,986, smaller than the loss of €5,661 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €158,300
Fixed assets
€285 =
Current assets
€158,015 ▼ 2.8%
Equity and liabilities €158,300
Equity
€156,809 ▼ 2.7%
Debt
€1,492 ▼ 16.9%
Debt's share of the balance-sheet total falls from 1.1% to 0.9%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.01▼
2023 · 0.01
ROE
-2.7%▲
2023 · -3.7%
Debt ≤ 1 year
€1,492▼
2023 · €1,794
A ratio outside any meaningful range has been withheld (balance sheet total €158,300, equity €156,809).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Average over the year, in full-time equivalents | 1 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2021 annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €42,692 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,417 | €816 | €599 | - | - | - | - |
| Other operating charges640/8 | - | - | €461 | €405 | €64 | €164 | ▲ 158% |
| Gross operating margin9900 | €192,197 | €156,620 | €104,890 | -€3,049 | -€5,597 | -€3,822 | ▲ 31.7% |
| Operating profit (loss)9901 | €93,166 | €77,927 | €61,139 | -€3,453 | -€5,661 | -€3,986 | ▲ 29.6% |
| Financial income75/76B | - | - | - | €3,850 | - | - | - |
| Recurring financial income75 | - | - | - | €3,850 | - | - | - |
| Financial charges65/66B | - | - | €612 | €473 | €291 | €296 | ▲ 1.9% |
| Recurring financial charges65 | €250 | €266 | €612 | €473 | €291 | €296 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €92,916 | €77,660 | €60,526 | -€76 | -€5,952 | -€4,282 | ▲ 28.1% |
| Income taxes67/77 | €34,202 | €22,203 | €17,001 | - | - | - | - |
| Profit (loss) for the period9904 | €58,714 | €55,458 | €43,525 | -€76 | -€5,952 | -€4,282 | ▲ 28.1% |
| Profit (loss) for the period to be appropriated9905 | €58,714 | €55,458 | €43,525 | -€76 | -€5,952 | -€4,282 | ▲ 28.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €153,750 | €181,781 | €208,046 | €186,085 | €162,885 | €158,300 | ▼ 2.8% |
| Fixed assets21/28 | €1,700 | €884 | €285 | €285 | €285 | €285 | = |
| Tangible fixed assets22/27 | €1,415 | €599 | - | - | - | - | - |
| Financial fixed assets28 | €285 | €285 | €285 | €285 | €285 | €285 | = |
| Current assets29/58 | €152,050 | €180,897 | €207,761 | €185,800 | €162,600 | €158,015 | ▼ 2.8% |
| Amounts receivable within one year40/41 | €37,835 | €55,765 | €23,811 | €1,378 | €2,129 | €100,270 | ▲ 47× |
| Trade receivables40 | - | - | €20,705 | €426 | - | - | - |
| Other amounts receivable41 | - | - | €3,105 | €952 | €2,129 | €100,270 | ▲ 47× |
| Cash at bank and in hand54/58 | €114,124 | €125,041 | €183,950 | €184,422 | €160,471 | €57,745 | ▼ 64.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €153,750 | €181,781 | €208,046 | €186,085 | €162,885 | €158,300 | ▼ 2.8% |
| Equity10/15 | €68,136 | €123,594 | €167,119 | €167,043 | €161,091 | €156,809 | ▼ 2.7% |
| Contributions10/11 | €18,700 | - | €18,700 | €18,700 | €18,700 | €18,700 | = |
| Reserves13 | €49,436 | €104,894 | €148,419 | €148,419 | €148,419 | €148,419 | = |
| Non-distributable reserves130/1 | - | - | €1,870 | €1,870 | €1,870 | €1,870 | = |
| Reserves not available under the articles1311 | - | - | €1,870 | €1,870 | €1,870 | €1,870 | = |
| Distributable reserves133 | - | - | €146,549 | €146,549 | €146,549 | €146,549 | = |
| Profit (loss) carried forward14 | - | - | - | -€76 | -€6,028 | -€10,310 | ▼ 71.0% |
| Amounts payable17/49 | €85,614 | €58,187 | €40,927 | €19,042 | €1,794 | €1,492 | ▼ 16.9% |
| Amounts payable within one year42/48 | €85,614 | €58,187 | €40,927 | €19,042 | €1,794 | €1,492 | ▼ 16.9% |
| Financial debts43 | - | - | €518 | - | - | - | - |
| Credit institutions430/8 | - | - | €518 | - | - | - | - |
| Trade debts44 | €17,594 | €24,379 | €25,105 | €1,724 | €1,477 | €1,492 | ▲ 1.0% |
| Suppliers440/4 | - | - | €25,105 | €1,724 | €1,477 | €1,492 | ▲ 1.0% |
| Taxes, remuneration and social security45 | - | - | €15,017 | €17,001 | - | - | - |
| Taxes450/3 | - | - | €15,017 | €17,001 | - | - | - |
| Other amounts payable47/48 | - | - | €287 | €317 | €317 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,714 | €55,458 | €43,525 | -€76 | -€5,952 | -€4,282 | ▲ 28.1% |
| + Depreciation and write-downs630 | €2,417 | €816 | €599 | - | - | - | - |
| Operating cash flow (approximation) | €61,130 | €56,274 | €44,124 | -€76 | -€5,952 | -€4,282 | ▲ 28.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €10,917 | €58,909 | €473 | -€23,951 | -€102,726 | ▼ 329% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,440 companies had the same profile as BEOSEC has now. Two years later, 90.0% were still going and 2.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
90.0%
was still going
7.4%
stopped otherwise
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BEOSEC itself is lower: 0.3% within 12 months. It rests on far more data about BEOSEC than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for BEOSEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-08-2025 | 2025-00428090 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00411737 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00384244 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20287894 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56200494 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-46900213 |