Betafence Belgium
ActiveSummary
Betafence Belgium has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-8.10M) and a net result of €-17.24M. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-5
Solvency5▼-44
Growth27▼-32
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.82 in 2023; short-term debt: 70.9% and cash: 1.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-19.8%
Return on assets
-42.2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-8.10M
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-11-2025, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
111 d late
2023
12 d early
2022
19 d early
2021
25 d early
2020
31 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€92.61M▼ 12.9%
2023 · €106.30M
2018: €128.81M
2019: €127.76M
2020: €119.27M
2021: €143.88M
2022: €122.29M
2023: €106.30M
2018 → 2024
EBIT margin
-17.3%▼ 13.8pp
2023 · -3.5%
2018: -6.3%
2019: -0.6%
2020: 4.6%
2021: 2.6%
2022: 3.0%
2023: -3.5%
2018 → 2024
Net result
€-17.24M▼ 248%
2023 · €-4.95M
2018: €-9.22M
2019: €-1.60M
2020: €4.15M
2021: €1.52M
2022: €2.10M
2023: €-4.95M
2018 → 2024
Working capital
€-486k
2023 · €11.94M
2018: €14.78M
2019: €2.95M
2020: €12.68M
2021: €26.19M
2022: €21.01M
2023: €11.94M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€119.27M-€143.88M▲ 20.6%€122.29M▼ 15.0%€106.30M▼ 13.1%€92.61M▼ 12.9%
Equity€10.46M-€11.98M▲ 14.6%€14.09M▲ 17.6%€9.13M▼ 35.2%€-8.10M
Operating result€5.44M-€3.69M▼ 32.2%€3.62M▼ 1.9%€-3.76M€-16.05M▼ 327%
Net result€4.15M-€1.52M▼ 63.3%€2.10M▲ 38.0%€-4.95M€-17.24M▼ 248%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16.05M in 2024 against €3.76M in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40.84M
Fixed assets
€12.37M ▲ 5.1%
Current assets
€28.47M ▲ 7.1%
Key figures and ratios
EBITDA
€-14.46M▼
2023 · €-2.32M
Cash flow
€-15.65M▼
2023 · €-3.51M
Solvency
-19.8%▼
2023 · 23.8%
Current ratio
0.98▼
2023 · 1.82
Quick ratio
0.47▼
2023 · 0.67
Debt to equity
-5.03▼
2023 · 2.99
ROA
-42.2%▼
2023 · -12.9%
Interest coverage
-12.38▼
2023 · -2.16
Debt
€40.77M▲
2023 · €27.30M
Debt ≤ 1 year
€28.96M▲
2023 · €14.64M
Debt > 1 year
€11.58M▼
2023 · €12.41M
Income taxes
€1k▼
2023 · €2k
Staff costs
€8.02M▼
2023 · €9.05M
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 · 2024 against 2023 · 83 lines
Balance sheet
Code20232024
Assets
Total assets20/58€38.34M€40.84M▲
Fixed assets21/28€11.77M€12.37M▲
Intangible fixed assets21€72k€1.55M▲
Tangible fixed assets22/27€11.60M€10.72M▼
Land and buildings22€713k€698k▼
Plant, machinery and equipment23€2.28M€1.57M▼
Furniture and vehicles24€231k€133k▼
Leasing and similar rights25€6.74M€6.00M▼
Assets under construction and advance payments27€1.63M€2.31M▲
Financial fixed assets28€99k€99k=
Other financial fixed assets284/8€99k€99k=
Amounts receivable and cash guarantees285/8€99k€99k=
Current assets29/58€26.58M€28.47M▲
Amounts receivable after more than one year29-€854k
Other amounts receivable291-€854k
Stocks and contracts in progress3€16.74M€14.85M▼
Stocks30/36€16.74M€14.85M▼
Raw materials and consumables30/31€3.98M€3.10M▼
Work in progress32€4.01M€1.58M▼
Finished goods33€506k€4.55M▲
Goods purchased for resale34€8.24M€5.63M▼
Amounts receivable within one year40/41€9.10M€12.02M▲
Trade receivables40€4.88M€10.11M▲
Other amounts receivable41€4.22M€1.90M▼
Cash at bank and in hand54/58€269k€725k▲
Deferred charges and accrued income490/1€468k€20k▼
Equity and liabilities
Total equity and liabilities10/49€38.34M€40.84M▲
Equity10/15€9.13M€-8.10M▼
Contributions10/11€20.05M€20.05M=
Capital10€20.05M€20.05M=
Issued capital100€20.05M€20.05M=
Profit (loss) carried forward14€-10.91M€-28.15M▼
Provisions and deferred taxes16€1.91M€8.17M▲
Provisions for liabilities and charges160/5€1.91M€8.17M▲
Pensions and similar obligations160€475k€313k▼
Other liabilities and charges164/5€1.43M€7.86M▲
Amounts payable17/49€27.30M€40.77M▲
Amounts payable after more than one year17€12.41M€11.58M▼
Financial debts170/4€12.41M€11.58M▼
Leasing and similar obligations172€46k€1.98M▲
Other loans174€12.36M€9.60M▼
Amounts payable within one year42/48€14.64M€28.96M▲
Current portion of amounts payable after more than one year42€752k€812k▲
Trade debts44€11.93M€26.41M▲
Suppliers440/4€11.93M€26.41M▲
Taxes, remuneration and social security45€1.79M€1.73M▼
Taxes450/3€297k€287k▼
Remuneration and social security454/9€1.49M€1.44M▼
Other amounts payable47/48€168k€4k▼
Accrued charges and deferred income492/3€255k€234k▼
Income statement
Code20232024
Operating income70/76A€102.99M€98.06M▼
Turnover70€106.30M€92.61M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-5.69M€1.61M▲
Own construction capitalised72€2k-
Other operating income74€2.26M€3.81M▲
Non-recurring operating income76A€125k€29k▼
Operating charges60/66A€106.75M€114.11M▲
Goods for resale, raw materials and consumables60€72.11M€67.73M▼
Purchases600/8€64.98M€64.73M▼
Change in stocks: decrease (increase)609€7.13M€3.00M▼
Services and other goods61€27.39M€29.50M▲
Remuneration, social security and pensions62€9.05M€8.02M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.44M€1.59M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1.58M€499k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-2.42M€6.26M▲
Other operating charges640/8€758k€513k▼
Operating profit (loss)9901€-3.76M€-16.05M▼
Financial income75/76B€94k€194k▲
Recurring financial income75€94k€194k▲
Income from current assets751€6k€456▼
Other financial income752/9€88k€194k▲
Financial charges65/66B€1.29M€1.38M▲
Recurring financial charges65€1.29M€1.38M▲
Debt charges650€1.07M€1.17M▲
Other financial charges652/9€217k€212k▼
Profit (loss) for the period before taxes9903€-4.95M€-17.23M▼
Income taxes67/77€2k€1k▼
Taxes670/3€2k€1k▼
Profit (loss) for the period9904€-4.95M€-17.24M▼
Profit (loss) for the period to be appropriated9905€-4.95M€-17.24M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10.91M€-28.15M▼
Profit (loss) brought forward from the previous period14P€-5.96M€-10.91M▼
Social balance
Average headcount (FTE)908797.591.0▼
The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 111 days late
2024
31-12
Financial
Weakest financial yearnet €-17.24M
Net result drops to €-17.24M, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €4.15M
Net result €4.15M after 2 loss-making years.
31-12
Financial
Equity above €10MEq €10.46M ▲65.9%
Equity rises from €6.30M to €10.46M.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Zwevegem · 2 establishment units since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blokkestraat(Z) 348550 ZwevegemGround area
12.1 ha
Building footprint
4.1 ha
Volume, LiDAR
386,267 m³
2 parcels, Flanders · tallest building 19.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Betafence Belgium
since 20152.250.898.163
Betafence Belgium
since 20162.268.152.582
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322C0297/00T000 | Flanders | 12.1 ha | 1 · 4.0 ha | 19.2 m · 3 fl. |
| 34042A0711/00V000 | Flanders | 266 m² | 1 · 156 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 11,490 EUR awarded · 11,490 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 341 EUR | 341 EUR |
| 2023 | 1 | 3,206 EUR | 3,206 EUR |
| 2022 | 1 | 7,943 EUR | 7,943 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
PENNE
BE 0412.652.648
Aalst · Eq €9.16M
Metal Deploye Belge
BE 0403.967.089
Liège · Eq €8.76M
BEVO
BE 0891.735.747
Bree · Eq €8.53M
Culobel
BE 0405.714.970
Aalst · Eq €11.48M
DEVOS PLAATBEWERKINGEN
BE 0444.869.813
Wingene · Eq €12.21M
Of 147 companies in sector 25402 we hold annual accounts for 100. 51 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
25402Manufacture of fabricated metal products, except machinery and equipment
25930Manufacture of fabricated metal products, except machinery and equipment
24450Manufacture of basic metals
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.