BESADI
ActiveSummary
BESADI has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.55M and a net result of €-19k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+15
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.26 in 2024; short-term debt: 22.9% and cash: 3.8% of total assets), and 23.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
76.8%
Return on assets
-0.4%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
20 d early
2022
29 d late
2021
30 d late
2020
2 d late
2019
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.55M▼ 0.5%
2024 · €3.57M
2018: €897klowest in 8 years
2019: €1.02M▲ +13.9% vs 2018
2020: €1.11M▲ +8.3% vs 2019
2021: €1.12M▲ +1.6% vs 2020
2022: €1.39M▲ +23.3% vs 2021
2023: €3.74M▲ +170% vs 2022highest in 8 years
2024: €3.57M▼ -4.6% vs 2023
2025: €3.55M▼ -0.5% vs 2024
2018 → 2025
Total assets
€4.62M▼ 1.2%
2024 · €4.67M
2018: €1.51Mlowest in 8 years
2019: €1.67M▲ +10.2% vs 2018
2020: €1.74M▲ +4.4% vs 2019
2021: €1.71M▼ -2.0% vs 2020
2022: €2.02M▲ +18.4% vs 2021
2023: €4.54M▲ +125% vs 2022
2024: €4.67M▲ +3.0% vs 2023highest in 8 years
2025: €4.62M▼ -1.2% vs 2024
2018 → 2025
Net result
€-19k▼ 1,637%
2024 · €-1k
2018: €58k
2019: €122k▲ +111% vs 2018
2020: €85k▼ -30.7% vs 2019
2021: €18k▼ -79.2% vs 2020
2022: €167k▲ +846% vs 2021highest in 8 years
2023: €-41k▼ -125% vs 2022lowest in 8 years
2024: €-1k▲ +97.3% vs 2023
2025: €-19k▼ -1637% vs 2024
2018 → 2025
Working capital
€-765k▲ 5.8%
2024 · €-813k
2018: €-126k
2019: €5k▲ +104% vs 2018
2020: €87k▲ +1528% vs 2019
2021: €-73k▼ -184% vs 2020
2022: €105k▲ +243% vs 2021highest in 8 years
2023: €-548k▼ -621% vs 2022
2024: €-813k▼ -48.2% vs 2023lowest in 8 years
2025: €-765k▲ +5.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.12M-€1.39M▲ 23.3%€3.74M▲ 170%€3.57M▼ 4.6%€3.55M▼ 0.5%
2021: €1.12Mlowest in 5 years
2022: €1.39M▲ +23.3% vs 2021
2023: €3.74M▲ +170% vs 2022highest in 5 years
2024: €3.57M▼ -4.6% vs 2023
2025: €3.55M▼ -0.5% vs 2024
Operating result€46k-€199k▲ 335%€-20k€19k€1k▼ 93.5%
2021: €46k
2022: €199k▲ +335% vs 2021highest in 5 years
2023: €-20k▼ -110% vs 2022lowest in 5 years
2024: €19k▲ +196% vs 2023
2025: €1k▼ -93.5% vs 2024
Net result€18k-€167k▲ 846%€-41k€-1k▲ 97.3%€-19k▼ 1,637%
2021: €18k
2022: €167k▲ +846% vs 2021highest in 5 years
2023: €-41k▼ -125% vs 2022lowest in 5 years
2024: €-1k▲ +97.3% vs 2023
2025: €-19k▼ -1637% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.62M
Fixed assets
€4.33M ▼ 1.5%
Current assets
€291k ▲ 4.3%
Equity and liabilities €4.62M
Equity
€3.55M ▼ 0.5%
Provisions
€14k ▼ 4.3%
Debt
€1.06M ▼ 3.2%
Debt's share of the balance-sheet total falls from 23.4% to 22.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€68k▼
2024 · €85k
Cash flow
€48k▼
2024 · €64k
Current ratio
0.28▲
2024 · 0.26
Debt to equity
0.30▼
2024 · 0.31
ROE
-0.5%▼
2024 · 0.0%
ROA
-0.4%▼
2024 · 0.0%
Interest coverage
282.21▲
2024 · 4.17
Debt ≤ 1 year
€1.06M▼
2024 · €1.09M
Income taxes
€26k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.67M€4.62M▼
Fixed assets21/28€4.39M€4.33M▼
Tangible fixed assets22/27€4.20M€4.13M▼
Land and buildings22€4.19M€4.12M▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€193k€193k=
Current assets29/58€279k€291k▲
Amounts receivable after more than one year29€160k€110k▼
Other amounts receivable291€160k€110k▼
Amounts receivable within one year40/41€9k€4k▼
Trade receivables40€4k€4k=
Other amounts receivable41€5k-
Cash at bank and in hand54/58€108k€177k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€4.67M€4.62M▼
Equity10/15€3.57M€3.55M▼
Contributions10/11€1.26M€1.26M=
Revaluation surpluses12€1.88M€1.88M=
Reserves13€468k€465k▼
Tax-exempt reserves132€39k€37k▼
Distributable reserves133€428k€428k=
Profit (loss) carried forward14€-38k€-55k▼
Provisions and deferred taxes16€14k€14k▼
Deferred taxes168€14k€14k▼
Amounts payable17/49€1.09M€1.06M▼
Amounts payable within one year42/48€1.09M€1.06M▼
Trade debts44€19k€13k▼
Suppliers440/4€19k€13k▼
Taxes, remuneration and social security45€39k€10k▼
Taxes450/3€39k€10k▼
Other amounts payable47/48€1.03M€1.03M▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€67k▲
Other operating charges640/8€11k€40k▲
Gross operating margin9900€96k€109k▲
Operating profit (loss)9901€19k€1k▼
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€20k€243▼
Recurring financial charges65€20k€243▼
Profit (loss) for the period before taxes9903€4k€6k▲
Transfer from deferred taxes780€619€619=
Income taxes67/77€6k€26k▲
Profit (loss) for the period9904€-1k€-19k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€1k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€-55k▼
Profit (loss) brought forward from the previous period14P€-39k€-38k▲
Transfer from equity791/2€300k-
Profit to be distributed694/7€300k-
Return on contributions (dividend)694€300k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €193k | - | - | €3k | - |
| Remuneration, social security and pensions62 | - | €1k | €1k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €26k | €52k | €66k | €67k | ▲ 2.6% |
| Other operating charges640/8 | €31k | €9k | €12k | €11k | €40k | ▲ 253% |
| Gross operating margin9900 | €103k | €236k | €45k | €96k | €109k | ▲ 12.8% |
| Operating profit (loss)9901 | €46k | €199k | €-20k | €19k | €1k | ▼ 93.5% |
| Financial income75/76B | €3k | €6k | €15k | €5k | €5k | ▼ 7.3% |
| Recurring financial income75 | €3k | €6k | €15k | €5k | €5k | ▼ 7.3% |
| Financial charges65/66B | €21k | €21k | €37k | €20k | €243 | ▼ 98.8% |
| Recurring financial charges65 | €21k | €21k | €37k | €20k | €243 | ▼ 98.8% |
| Profit (loss) for the period before taxes9903 | €27k | €183k | €-42k | €4k | €6k | ▲ 40.8% |
| Transfer from deferred taxes780 | €619 | €619 | €619 | €619 | €619 | = |
| Income taxes67/77 | €10k | €17k | €157 | €6k | €26k | ▲ 343% |
| Profit (loss) for the period9904 | €18k | €167k | €-41k | €-1k | €-19k | ▼ 1,637% |
| Transfer from tax-exempt reserves789 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) for the period to be appropriated9905 | €20k | €170k | €-39k | €1k | €-17k | ▼ 1,352% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.71M | €2.02M | €4.54M | €4.67M | €4.62M | ▼ 1.2% |
| Fixed assets21/28 | €1.22M | €1.33M | €4.30M | €4.39M | €4.33M | ▼ 1.5% |
| Tangible fixed assets22/27 | €1.01M | €1.17M | €4.11M | €4.20M | €4.13M | ▼ 1.6% |
| Land and buildings22 | €1.01M | €1.17M | €4.09M | €4.19M | €4.12M | ▼ 1.5% |
| Plant, machinery and equipment23 | €5k | €4k | €3k | €2k | €1k | ▼ 20.6% |
| Furniture and vehicles24 | - | - | €17k | €13k | €9k | ▼ 32.8% |
| Financial fixed assets28 | €213k | €158k | €193k | €193k | €193k | = |
| Current assets29/58 | €480k | €687k | €236k | €279k | €291k | ▲ 4.3% |
| Amounts receivable after more than one year29 | €138k | €138k | €208k | €160k | €110k | ▼ 31.3% |
| Other amounts receivable291 | €138k | €138k | €208k | €160k | €110k | ▼ 31.3% |
| Amounts receivable within one year40/41 | €103k | €4k | €6k | €9k | €4k | ▼ 53.9% |
| Trade receivables40 | €51k | - | - | €4k | €4k | = |
| Other amounts receivable41 | €51k | €4k | €6k | €5k | - | - |
| Current investments50/53 | €44k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €195k | €545k | €22k | €108k | €177k | ▲ 63.2% |
| Deferred charges and accrued income490/1 | €939 | - | - | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.71M | €2.02M | €4.54M | €4.67M | €4.62M | ▼ 1.2% |
| Equity10/15 | €1.12M | €1.39M | €3.74M | €3.57M | €3.55M | ▼ 0.5% |
| Contributions10/11 | €500k | €500k | €1.13M | €1.26M | €1.26M | = |
| Revaluation surpluses12 | €19k | €114k | €1.88M | €1.88M | €1.88M | = |
| Reserves13 | €605k | €773k | €770k | €468k | €465k | ▼ 0.5% |
| Non-distributable reserves130/1 | €50k | €50k | - | - | - | - |
| Reserves not available under the articles1311 | €50k | €50k | - | - | - | - |
| Tax-exempt reserves132 | €47k | €44k | €42k | €39k | €37k | ▼ 6.3% |
| Distributable reserves133 | €509k | €678k | €728k | €428k | €428k | = |
| Profit (loss) carried forward14 | - | - | €-39k | €-38k | €-55k | ▼ 45.1% |
| Provisions and deferred taxes16 | €16k | €16k | €15k | €14k | €14k | ▼ 4.3% |
| Deferred taxes168 | €16k | €16k | €15k | €14k | €14k | ▼ 4.3% |
| Amounts payable17/49 | €565k | €617k | €784k | €1.09M | €1.06M | ▼ 3.2% |
| Amounts payable after more than one year17 | €5k | €5k | - | - | - | - |
| Financial debts170/4 | €5k | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €554k | €582k | €784k | €1.09M | €1.06M | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | €12k | - | - | - | - | - |
| Trade debts44 | €6k | €16k | €12k | €19k | €13k | ▼ 32.1% |
| Suppliers440/4 | €6k | €16k | €12k | €19k | €13k | ▼ 32.1% |
| Taxes, remuneration and social security45 | €8k | €23k | €18k | €39k | €10k | ▼ 75.4% |
| Taxes450/3 | €8k | €23k | €18k | €39k | €10k | ▼ 75.4% |
| Remuneration and social security454/9 | - | €180 | - | - | - | - |
| Other amounts payable47/48 | €528k | €543k | €755k | €1.03M | €1.03M | ▲ 0.1% |
| Accrued charges and deferred income492/3 | €6k | €30k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €167k | €-41k | €-1k | €-19k | ▼ 1,637% |
| + Depreciation and write-downs630 | €26k | €26k | €52k | €66k | €67k | ▲ 2.6% |
| Operating cash flow (approximation) | €44k | €193k | €10k | €64k | €48k | ▼ 25.8% |
| Investment in fixed assets (approximation) | - | €-132k | €-3.02M | €-158k | €0 | ▲ 100% |
| Change in cash | - | €350k | €-523k | €86k | €68k | ▼ 20.6% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2MEq €3.74M ▲170%
Equity rises from €1.39M to €3.74M.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €167k ▲846%
Operating result €199k, net result €167k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €1MEq €1.02M ▲13.9%
2 profitable years in a row build equity to €1.02M.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 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, Geel · 1 establishment unit since 1994
Ground area
1,335 m²
Building footprint
204 m²
Volume, LiDAR
1,246 m³
Parcel 13375N0963/00B000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BESADI
since 19942.028.003.249
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13375N0963/00B000 | Flanders | 1,335 m² | 1 · 204 m² | 10.6 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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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 14,239 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
Founded08-10-1985
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.