BEPA
ActiveSummary
BEPA has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,475 and a net result of €11,067. Equity is growing by about 46% per year across the filed financial years. Its solvency ranks better than 42% of 38,895 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, micro format
Equity
€52,475▲ 26.7%
2024 · €41,408
Total assets
€114,910▲ 10.4%
2024 · €104,103
Net result
€11,067▲ 1,314%
2024 · €783
Working capital
-€42,205▲ 20.8%
2024 · -€53,287
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 268% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€21,159
2025
Net result€11,067
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€114,910
2025
Equity€52,475
2025
Debt€62,434
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€42,205
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency45.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.32
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).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€15,645-€18,096▲ 15.7%€8,451▼ 53.3%€16,964▲ 101%€28,111▲ 65.7%€5,742▼ 79.6%€21,159▲ 268%
Net result€12,268-€14,908within the sector's middle half▲ 21.5%€5,809within the sector's middle half▼ 61.0%€12,363within the sector's middle half▲ 113%€17,892within the sector's middle half▲ 44.7%€783below the sector's middle half▼ 95.6%€11,067within the sector's middle half▲ 1,314%
Equity-€10,346-€4,562below the sector's middle half€10,371below the sector's middle half▲ 127%€22,734below the sector's middle half▲ 119%€40,625within the sector's middle half▲ 78.7%€41,408within the sector's middle half▲ 1.9%€52,475within the sector's middle half▲ 26.7%
Total assets€117,556-€126,527within the sector's middle half▲ 7.6%€122,801within the sector's middle half▼ 2.9%€104,277within the sector's middle half▼ 15.1%€120,295within the sector's middle half▲ 15.4%€104,103within the sector's middle half▼ 13.5%€114,910within the sector's middle half▲ 10.4%
Debt€127,902-€121,966▼ 4.6%€112,430▼ 7.8%€81,544▼ 27.5%€79,670▼ 2.3%€62,694▼ 21.3%€62,434▼ 0.4%
Working capital-€105,540--€90,176below the sector's middle half▲ 14.6%-€84,365below the sector's middle half▲ 6.4%-€72,001below the sector's middle half▲ 14.7%-€54,106below the sector's middle half▲ 24.9%-€53,287below the sector's middle half▲ 1.5%-€42,205below the sector's middle half▲ 20.8%
Solvency-8.8%-3.6%below the sector's middle half▲ 12.4pp8.4%below the sector's middle half▲ 4.8pp21.8%below the sector's middle half▲ 13.4pp33.8%within the sector's middle half▲ 12.0pp39.8%within the sector's middle half▲ 6.0pp45.7%within the sector's middle half▲ 5.9pp
Current ratio0.17-0.26below the sector's middle half▲ 0.080.25below the sector's middle half▼ 0.010.11below the sector's middle half▼ 0.130.32below the sector's middle half▲ 0.200.14below the sector's middle half▼ 0.170.32below the sector's middle half▲ 0.18
Return on assets (ROA)10.4%-11.8%within the sector's middle half▲ 1.3pp4.7%within the sector's middle half▼ 7.1pp11.9%within the sector's middle half▲ 7.1pp14.9%within the sector's middle half▲ 3.0pp0.8%below the sector's middle half▼ 14.1pp9.6%within the sector's middle half▲ 8.9pp
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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,910
Fixed assets
€95,194 =
Current assets
€19,715 ▲ 121%
Equity and liabilities €114,910
Equity
€52,475 ▲ 26.7%
Debt
€62,434 ▼ 0.4%
Debt's share of the balance-sheet total falls from 60.2% to 54.3%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
0.29▲
2024 · 0.12
Debt to equity
1.19▼
2024 · 1.51
ROE
21.1%▲
2024 · 1.9%
Debt ≤ 1 year
€61,921▼
2024 · €62,195
Income taxes
€5,665▲
2024 · €284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,648 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €517 | €533 | €847 | €595 | ▼ 29.8% |
| Gross operating margin9900 | €16,153 | €18,609 | €8,964 | €19,128 | €28,644 | €6,589 | €21,753 | ▲ 230% |
| Operating profit (loss)9901 | €15,645 | €18,096 | €8,451 | €16,964 | €28,111 | €5,742 | €21,159 | ▲ 268% |
| Financial income75/76B | - | - | - | - | - | €2 | €5 | ▲ 140% |
| Recurring financial income75 | €417 | €626 | €792 | - | - | €2 | €5 | ▲ 140% |
| Financial charges65/66B | - | - | - | €2,764 | €3,714 | €4,677 | €4,431 | ▼ 5.3% |
| Recurring financial charges65 | €3,795 | €3,815 | €3,434 | €2,764 | €3,714 | €4,677 | €4,431 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | €12,268 | €14,908 | €5,809 | €14,200 | €24,397 | €1,067 | €16,732 | ▲ 1,468% |
| Income taxes67/77 | - | - | - | €1,837 | €6,506 | €284 | €5,665 | ▲ 1,892% |
| Profit (loss) for the period9904 | €12,268 | €14,908 | €5,809 | €12,363 | €17,892 | €783 | €11,067 | ▲ 1,314% |
| Profit (loss) for the period to be appropriated9905 | €12,268 | €14,908 | €5,809 | €12,363 | €17,892 | €783 | €11,067 | ▲ 1,314% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €117,556 | €126,527 | €122,801 | €104,277 | €120,295 | €104,103 | €114,910 | ▲ 10.4% |
| Fixed assets21/28 | €95,194 | €95,194 | €95,194 | €95,194 | €95,194 | €95,194 | €95,194 | = |
| Financial fixed assets28 | €95,194 | €95,194 | €95,194 | €95,194 | €95,194 | €95,194 | €95,194 | = |
| Current assets29/58 | €22,362 | €31,333 | €27,607 | €9,083 | €25,101 | €8,908 | €19,715 | ▲ 121% |
| Stocks and contracts in progress3 | €3,296 | €3,296 | €3,296 | €1,648 | €1,648 | €1,648 | €1,648 | = |
| Stocks30/36 | - | - | - | €1,648 | €1,648 | €1,648 | €1,648 | = |
| Amounts receivable within one year40/41 | €9,693 | €7,760 | €11,191 | €4,300 | €20,150 | €5,050 | €14,190 | ▲ 181% |
| Trade receivables40 | - | - | - | €4,300 | €20,150 | €5,050 | €14,190 | ▲ 181% |
| Cash at bank and in hand54/58 | €9,373 | €20,278 | €13,120 | €3,135 | €3,303 | €2,211 | €3,878 | ▲ 75.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €117,556 | €126,527 | €122,801 | €104,277 | €120,295 | €104,103 | €114,910 | ▲ 10.4% |
| Equity10/15 | -€10,346 | €4,562 | €10,371 | €22,734 | €40,625 | €41,408 | €52,475 | ▲ 26.7% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €0 | - | - |
| Reserves13 | - | - | - | - | - | €18,592 | €29,659 | ▲ 59.5% |
| Distributable reserves133 | - | - | - | - | - | €18,592 | €29,659 | ▲ 59.5% |
| Profit (loss) carried forward14 | -€28,938 | -€14,030 | -€8,221 | €4,142 | €22,033 | €22,816 | €22,816 | = |
| Amounts payable17/49 | €127,902 | €121,966 | €112,430 | €81,544 | €79,670 | €62,694 | €62,434 | ▼ 0.4% |
| Amounts payable within one year42/48 | €127,902 | €121,509 | €111,972 | €81,084 | €79,207 | €62,195 | €61,921 | ▼ 0.4% |
| Trade debts44 | €810 | €755 | €805 | €973 | €1,007 | €64 | €66 | ▲ 3.0% |
| Suppliers440/4 | - | - | - | €973 | €1,007 | €64 | €66 | ▲ 3.0% |
| Taxes, remuneration and social security45 | - | - | - | €1,837 | €6,506 | €284 | €5,664 | ▲ 1,892% |
| Taxes450/3 | - | - | - | €1,837 | €6,506 | €284 | €5,664 | ▲ 1,892% |
| Other amounts payable47/48 | - | - | - | €78,274 | €71,694 | €61,847 | €56,192 | ▼ 9.1% |
| Accrued charges and deferred income492/3 | - | - | - | €460 | €463 | €499 | €513 | ▲ 2.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,268 | €14,908 | €5,809 | €12,363 | €17,892 | €783 | €11,067 | ▲ 1,314% |
| Operating cash flow (approximation) | €12,268 | €14,908 | €5,809 | €12,363 | €17,892 | €783 | €11,067 | ▲ 1,314% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €10,905 | -€7,158 | -€9,985 | €168 | -€1,092 | €1,667 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00026427 |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00019830 |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00017303 |
| 30-06-2022 | micro format | 26-01-2023 | 2023-00005778 |
| 30-06-2021 | micro format | 13-12-2021 | 2021-80000244 |
| 30-06-2020 | micro format | 19-03-2021 | 2021-08400045 |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03700432 |
| 30-06-2018 | micro format | 20-12-2018 | 2018-75800148 |
| 30-06-2017 | micro format | 21-12-2017 | 2017-73000072 |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-71400340 |
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Of the 82,290 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,876. 39,364 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €153 awarded · €153 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €109 | €109 |
| 2023 | 1 | €44 | €44 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.