BEPA CONSTRUCTION
ActiveSummary
BEPA CONSTRUCTION has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.4m and a net result of €719,995. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 31 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability94▲+1
Solvency94▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.22 in 2025; short-term debt: 20% and cash: 19.4% of total assets), and 31.4% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
68.6%
Return on assets
20.4%
Age of the figures
3 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 10-09-2026, 143 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
143 d early
2025
109 d early
2024
45 d early
2023
41 d early
2022
40 d early
2021
39 d early
2020
47 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 66 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, abbreviated schema
In the rankings
#4 company by equity in Herve, Construction sector#8 company by total assets in Herve, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€719,995▲ 17.5%
2025 · €612,505
Working capital
€1.1m▲ 59.6%
2025 · €694,421
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
Line20222023202420252026
Operating result€416,907▼ 27.6%€534,604▲ 28.2%€436,218▼ 18.4%€824,432▲ 89.0%€948,567▲ 15.1%
Net result€333,520▼ 16.9%€378,325▲ 13.4%€322,228▼ 14.8%€612,505▲ 90.1%€719,995▲ 17.5%
Equity€1.3m▲ 23.4%€1.6m▲ 20.5%€1.8m▲ 15.5%€2.1m▲ 14.3%€2.4m▲ 15.1%
Total assets€2.3m▲ 26.1%€2.6m▲ 13.1%€2.9m▲ 13.1%€3.2m▲ 9.8%€3.5m▲ 11.2%
Debt€938,337▲ 30.1%€964,210▲ 2.8%€1.1m▲ 9.1%€1.1m▲ 1.9%€1.1m▲ 3.6%
Working capital€760,474▼ 6.7%€855,241▲ 12.5%€425,117▼ 50.3%€694,421▲ 63.3%€1.1m▲ 59.6%
Staff (FTE)11.8▼ 3.3%9▼ 23.7%8▼ 11.1%7▼ 12.5%6.9▼ 1.4%
Why a figure moved sharply
- 2025 Net result +90% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 15% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €3.5m
Fixed assets
€1.7m ▼ 10.1%
Current assets
€1.8m ▲ 43.4%
Equity and liabilities €3.5m
Equity
€2.4m ▲ 15.1%
Debt
€1.1m ▲ 3.6%
Debt's share of the balance-sheet total falls from 33.7% to 31.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.2m▲
2025 · €1.1m
Cash flow
€1.0m▲
2025 · €859,208
Current ratio
2.57▲
2025 · 2.22
Debt to equity
0.46▼
2025 · 0.51
ROE
29.7%▲
2025 · 29.1%
ROA
20.4%▲
2025 · 19.3%
Interest coverage
84.58▲
2025 · 54.83
Debt ≤ 1 year
€705,637▲
2025 · €570,441
Debt > 1 year
€404,980▼
2025 · €500,883
Income taxes
€265,848▲
2025 · €240,900
Staff costs
€405,168▲
2025 · €382,994
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 31,324 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €499,549 | €429,623 | €371,469 | €382,994 | €405,168 | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135,588 | €178,426 | €153,657 | €246,703 | €299,232 | ▲ 21.3% |
| Other operating charges640/8 | €2,895 | €4,531 | €3,936 | €16,660 | €11,456 | ▼ 31.2% |
| Gross operating margin9900 | €1.1m | €1.1m | €965,279 | €1.5m | €1.7m | ▲ 13.2% |
| Operating profit (loss)9901 | €416,907 | €534,604 | €436,218 | €824,432 | €948,567 | ▲ 15.1% |
| Financial income75/76B | €5,250 | €3,219 | €28,885 | €48,508 | €52,028 | ▲ 7.3% |
| Recurring financial income75 | €5,250 | €3,219 | €28,885 | €48,508 | €52,028 | ▲ 7.3% |
| Financial charges65/66B | €7,012 | €6,870 | €10,164 | €19,535 | €14,752 | ▼ 24.5% |
| Recurring financial charges65 | €7,012 | €6,870 | €10,164 | €19,535 | €14,752 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €415,146 | €530,952 | €454,939 | €853,405 | €985,843 | ▲ 15.5% |
| Income taxes67/77 | €81,626 | €152,627 | €132,712 | €240,900 | €265,848 | ▲ 10.4% |
| Profit (loss) for the period9904 | €333,520 | €378,325 | €322,228 | €612,505 | €719,995 | ▲ 17.5% |
| Transfer to tax-exempt reserves689 | - | - | - | €252,600 | €336,800 | ▲ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €333,520 | €378,325 | €322,228 | €359,905 | €383,195 | ▲ 6.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.6m | €2.9m | €3.2m | €3.5m | ▲ 11.2% |
| Fixed assets21/28 | €1.1m | €1.2m | €2.0m | €1.9m | €1.7m | ▼ 10.1% |
| Tangible fixed assets22/27 | €1.1m | €1.2m | €1.5m | €1.5m | €1.6m | ▲ 8.1% |
| Land and buildings22 | €772,857 | €977,299 | €944,144 | €892,809 | €849,734 | ▼ 4.8% |
| Plant, machinery and equipment23 | €95,361 | €62,544 | €51,576 | €87,663 | €174,554 | ▲ 99.1% |
| Furniture and vehicles24 | €181,842 | €128,952 | €524,572 | €507,429 | €584,326 | ▲ 15.2% |
| Financial fixed assets28 | €200 | €200 | €493,200 | €424,904 | €110,141 | ▼ 74.1% |
| Current assets29/58 | €1.2m | €1.4m | €879,735 | €1.3m | €1.8m | ▲ 43.4% |
| Amounts receivable within one year40/41 | €458,948 | €157,180 | €149,406 | €190,551 | €315,908 | ▲ 65.8% |
| Trade receivables40 | €394,323 | €99,379 | €25,666 | €3,175 | €283,788 | ▲ 8,839% |
| Other amounts receivable41 | €64,626 | €57,801 | €123,740 | €187,376 | €32,120 | ▼ 82.9% |
| Current investments50/53 | €581,567 | €871,555 | €375,465 | €628,088 | €813,475 | ▲ 29.5% |
| Cash at bank and in hand54/58 | €168,846 | €361,118 | €353,795 | €445,107 | €684,887 | ▲ 53.9% |
| Deferred charges and accrued income490/1 | €2,028 | - | €1,069 | €1,115 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.6m | €2.9m | €3.2m | €3.5m | ▲ 11.2% |
| Equity10/15 | €1.3m | €1.6m | €1.8m | €2.1m | €2.4m | ▲ 15.1% |
| Contributions10/11 | €20,460 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1.3m | €1.6m | €1.8m | €2.0m | €2.4m | ▲ 15.6% |
| Tax-exempt reserves132 | - | - | - | €252,600 | €589,400 | ▲ 133% |
| Distributable reserves133 | €1.3m | €1.6m | €1.8m | €1.8m | €1.8m | ▼ 1.0% |
| Profit (loss) carried forward14 | €10,753 | €11,078 | €11,306 | €11,710 | €12,405 | ▲ 5.9% |
| Investment grants15 | - | - | €1,589 | €28,074 | €25,143 | ▼ 10.4% |
| Amounts payable17/49 | €938,337 | €964,210 | €1.1m | €1.1m | €1.1m | ▲ 3.6% |
| Amounts payable after more than one year17 | €487,421 | €429,599 | €593,988 | €500,883 | €404,980 | ▼ 19.1% |
| Financial debts170/4 | €487,421 | €429,599 | €593,988 | €500,883 | €404,980 | ▼ 19.1% |
| Amounts payable within one year42/48 | €450,916 | €534,612 | €454,618 | €570,441 | €705,637 | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | €97,412 | €57,822 | €85,611 | €100,741 | €95,904 | ▼ 4.8% |
| Trade debts44 | €91,576 | €200,041 | €205,009 | €61,664 | €101,614 | ▲ 64.8% |
| Suppliers440/4 | €91,576 | €200,041 | €205,009 | €61,664 | €101,614 | ▲ 64.8% |
| Advances received on contracts in progress46 | €145,560 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €36,785 | €169,749 | €86,799 | €33,136 | €108,119 | ▲ 226% |
| Taxes450/3 | €11,596 | €149,313 | €64,329 | €473 | €72,400 | ▲ 15,203% |
| Remuneration and social security454/9 | €25,188 | €20,435 | €22,470 | €32,663 | €35,719 | ▲ 9.4% |
| Other amounts payable47/48 | €79,584 | €107,000 | €77,200 | €374,900 | €400,000 | ▲ 6.7% |
| Accrued charges and deferred income492/3 | - | - | €3,367 | €997 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €333,520 | €378,325 | €322,228 | €612,505 | €719,995 | ▲ 17.5% |
| + Depreciation and write-downs630 | €135,588 | €178,426 | €153,657 | €246,703 | €299,232 | ▲ 21.3% |
| Operating cash flow (approximation) | €469,108 | €556,751 | €475,884 | €859,208 | €1.0m | ▲ 18.6% |
| Investment in fixed assets (approximation) | - | -€297,161 | -€998,154 | -€146,014 | -€105,183 | ▲ 28.0% |
| Change in cash | - | €192,272 | -€7,323 | €91,312 | €239,780 | ▲ 163% |
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 2027, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
30-06
Financial
Highest result since 2019net €719,995 ▲17.5%
Operating result €948,567, net result €719,995, both a record.
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Equity above €2mEq €2.1m ▲14.3%
7 profitable years in a row build equity to €2.1m.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Equity above €1mEq €1.1m ▲49.1%
3 profitable years in a row build equity to €1.1m.
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Equity above €500,000Eq €719,652 ▲97.6%
2 profitable years in a row build equity to €719,652.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Herve · 1 establishment unit since 2004
Ground area
2.0 ha
Building footprint
125 m²
Volume, LiDAR
979 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BEPA CONSTRUCTION
since 20042.138.647.189
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63015A0675/00B000indicative | Wallonia | 1.9 ha | - | - |
| 63006A0137/00R000 | Wallonia | 1,413 m² | 1 · 124 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 3,491 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2004
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail
nadine.palm@bepaconstruction.beHerve
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866084591
Also
9925:BE0866084591
Registered
29-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.