BEPA
ActiveSummary
BEPA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €315,240. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 81% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+26
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 5.82 against 9.48 in 2024; short-term debt: 17.1% and cash: 1.6% of total assets), and 18.1% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
81.9%
Return on assets
14.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
13 d early
2023
14 d early
2022
60 d late
2021
2 d early
2020
61 d late
2019
121 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 35 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€315,240▲ 125%
2024 · €140,016
Working capital
€1.8m▼ 51.9%
2024 · €3.8m
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
Operating result-€24,965▲ 82.3%€500,191-€87,600-€10,800▲ 87.7%€32,256
Net result€1,939€527,152▲ 27,092%-€36,519€140,016€315,240▲ 125%
Equity€3.0m▲ 0.1%€3.7m▲ 21.8%€3.7m▼ 1.0%€3.8m▲ 3.8%€1.8m▼ 52.1%
Total assets€3.2m▼ 1.0%€4.0m▲ 28.2%€4.0m▲ 0.2%€4.3m▲ 5.7%€2.2m▼ 48.0%
Debt€110,996▼ 23.6%€336,278▲ 203%€382,792▲ 13.8%€474,407▲ 23.9%€402,502▼ 15.2%
Working capital€2.1m▼ 0.9%€3.7m▲ 78.4%€3.7m▼ 1.0%€3.8m▲ 4.5%€1.8m▼ 51.9%
Staff (FTE)0000
Why a figure moved sharply
- 2025 Net result +125% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2025 Equity -52% on 2024. Cause not known from the registers.
- 2022 Net result +27,092% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €32,256 after a loss of €10,800 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€4,650 ▼ 16.2%
Current assets
€2.2m ▼ 48.1%
Equity and liabilities €2.2m
Equity
€1.8m ▼ 52.1%
Debt
€402,502 ▼ 15.2%
Debt's share of the balance-sheet total rises from 11.1% to 18.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33,156▲
2024 · -€9,900
Cash flow
€316,140▲
2024 · €140,916
Current ratio
5.82▼
2024 · 9.48
Quick ratio
5.66▼
2024 · 9.42
Debt to equity
0.22▲
2024 · 0.12
ROE
17.3%▲
2024 · 3.7%
ROA
14.2%▲
2024 · 3.3%
Interest coverage
1.50▲
2024 · -0.39
Debt ≤ 1 year
€381,169▼
2024 · €451,289
Income taxes
€22,763▲
2024 · €1,336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €268 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €900 | €900 | €900 | €900 | = |
| Other operating charges640/8 | €23,036 | €34,092 | €40,089 | €81,354 | €4,997 | ▼ 93.9% |
| Non-recurring operating charges66A | - | €79,182 | €28,153 | €95 | €38,663 | ▲ 40,598% |
| Gross operating margin9900 | -€1,929 | €614,365 | -€18,458 | €71,549 | €76,816 | ▲ 7.4% |
| Operating profit (loss)9901 | -€24,965 | €500,191 | -€87,600 | -€10,800 | €32,256 | ▲ 399% |
| Financial income75/76B | €34,266 | €54,399 | €69,467 | €177,490 | €327,850 | ▲ 84.7% |
| Recurring financial income75 | €34,266 | €54,399 | €69,467 | €177,490 | €327,850 | ▲ 84.7% |
| Financial charges65/66B | €7,362 | €6,418 | €18,387 | €25,337 | €22,102 | ▼ 12.8% |
| Recurring financial charges65 | €7,362 | €6,418 | €18,387 | €25,337 | €22,102 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | €1,939 | €548,172 | -€36,519 | €141,353 | €338,004 | ▲ 139% |
| Income taxes67/77 | €0 | €21,020 | €0 | €1,336 | €22,763 | ▲ 1,604% |
| Profit (loss) for the period9904 | €1,939 | €527,152 | -€36,519 | €140,016 | €315,240 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €1,939 | €527,152 | -€36,519 | €140,016 | €315,240 | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €4.0m | €4.0m | €4.3m | €2.2m | ▼ 48.0% |
| Fixed assets21/28 | €968,056 | €7,350 | €6,450 | €5,550 | €4,650 | ▼ 16.2% |
| Intangible fixed assets21 | €4,500 | €2,700 | €1,800 | €900 | €0 | ▼ 100% |
| Financial fixed assets28 | €963,556 | €4,650 | €4,650 | €4,650 | €4,650 | = |
| Current assets29/58 | €2.2m | €4.0m | €4.0m | €4.3m | €2.2m | ▼ 48.1% |
| Amounts receivable after more than one year29 | €247,500 | €461,970 | €128,724 | €130,000 | €5,681 | ▼ 95.6% |
| Other amounts receivable291 | €247,500 | €461,970 | €128,724 | €130,000 | €5,681 | ▼ 95.6% |
| Stocks and contracts in progress3 | €686,054 | €0 | €11,425 | €25,870 | €64,270 | ▲ 148% |
| Stocks30/36 | €686,054 | €0 | €11,425 | €25,870 | €64,270 | ▲ 148% |
| Amounts receivable within one year40/41 | €569,302 | €3.2m | €3.8m | €4.1m | €2.0m | ▼ 50.7% |
| Trade receivables40 | €10,239 | €31,693 | €8,424 | €6,846 | €4,423 | ▼ 35.4% |
| Other amounts receivable41 | €559,063 | €3.2m | €3.8m | €4.1m | €2.0m | ▼ 50.8% |
| Current investments50/53 | €393 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €679,878 | €336,535 | €86,520 | €5,057 | €34,690 | ▲ 586% |
| Deferred charges and accrued income490/1 | €0 | - | €869 | €0 | €88,809 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €4.0m | €4.0m | €4.3m | €2.2m | ▼ 48.0% |
| Equity10/15 | €3.0m | €3.7m | €3.7m | €3.8m | €1.8m | ▼ 52.1% |
| Contributions10/11 | €170,000 | €170,000 | €169,950 | €169,950 | €169,950 | = |
| Capital10 | €170,000 | €170,000 | €169,950 | €169,950 | €169,950 | = |
| Issued capital100 | €170,000 | €170,000 | €169,950 | €169,950 | €169,950 | = |
| Reserves13 | €2.9m | €3.5m | €3.5m | €3.6m | €1.7m | ▼ 54.6% |
| Non-distributable reserves130/1 | €17,000 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Legal reserve130 | €17,000 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Distributable reserves133 | €2.9m | €3.5m | €3.5m | €3.6m | €1.6m | ▼ 54.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €110,996 | €336,278 | €382,792 | €474,407 | €402,502 | ▼ 15.2% |
| Amounts payable within one year42/48 | €110,996 | €336,278 | €382,792 | €451,289 | €381,169 | ▼ 15.5% |
| Financial debts43 | - | - | - | - | €177 | - |
| Credit institutions430/8 | - | - | - | - | €177 | - |
| Trade debts44 | €8,841 | €7,408 | €4,150 | €3,465 | €11,412 | ▲ 229% |
| Suppliers440/4 | €8,841 | €7,408 | €4,150 | €3,465 | €11,412 | ▲ 229% |
| Advances received on contracts in progress46 | €0 | €5,000 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €26,933 | €45,142 | €16,707 | €1,336 | €2,104 | ▲ 57.5% |
| Taxes450/3 | €26,933 | €45,142 | €16,707 | €1,336 | €2,104 | ▲ 57.5% |
| Other amounts payable47/48 | €75,221 | €278,728 | €361,935 | €446,488 | €367,476 | ▼ 17.7% |
| Accrued charges and deferred income492/3 | €0 | - | - | €23,117 | €21,333 | ▼ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,939 | €527,152 | -€36,519 | €140,016 | €315,240 | ▲ 125% |
| + Depreciation and write-downs630 | - | €900 | €900 | €900 | €900 | = |
| Operating cash flow (approximation) | €1,939 | €528,052 | -€35,619 | €140,916 | €316,140 | ▲ 124% |
| Investment in fixed assets (approximation) | - | €959,806 | €0 | €0 | €0 | - |
| Change in cash | - | -€343,343 | -€250,015 | -€81,464 | €29,633 | ▲ 136% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €140,016
Net result €140,016 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1,939
Net result €1,939 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Liquidity times 7current ratio 15.50
Current ratio from 2.17 to 15.50; short-term debt falls from €1.9m to €144,159.
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 121 days late
2019
31-12
Financial
Weakest financial yearnet -€563,556
Net result drops to -€563,556, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Directors · office · real estate
Directors
8 acts for this company are 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, Knokke-Heist · 1 establishment unit since 1994
Ground area
955 m²
Building footprint
372 m²
Volume, LiDAR
1,776 m³
Parcel 31013A0203/00C000, Flanders · tallest building 12.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bayauxlaan 67, 8300 Knokke-Heist
since 19942.031.720.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0203/00C000 | Flanders | 955 m² | 1 · 372 m² | 12.7 m · 1 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
Owners and holdings
1 owner · 1 holdingOwners 1
- JUFRAparentSourceaccounts JUFRA 2025100%
Holdings 1
-
25%
According to the 2025 annual accounts of BEPA 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.
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ALME
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ACASA PROPERTIES
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,117 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-04-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430896962
Also
9925:BE0430896962
Registered
05-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.