Bethleem
ActiveSummary
Bethleem has been active since 1932 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.7m and a net result of €302,382. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 521 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+15
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
short-term debt: 0.1% and cash: 17.3% of total assets, and 0.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% 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
99.9%
Return on assets
3.9%
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
87 d early
2023
99 d early
2022
98 d early
2021
97 d early
2020
96 d early
2019
46 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 86 days before the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% 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. Usually files around 25 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Nivelles, Other services sector#1 company by equity in Nivelles, Other services sector#2 oldest company in Nivelles, Other services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€302,382
2024 · -€6,484
Working capital
€7.7m▲ 4.2%
2024 · €7.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€303,192▲ 2.4%-€83,574-€26,605▲ 68.2%-€149,245▼ 461%€25,657
Net result€591,083above the sector's middle half▲ 149%-€475,023below the sector's middle half€277,639above the sector's middle half-€6,484within the sector's middle half€302,382above the sector's middle half
Equity€7.6mabove the sector's middle half▲ 8.4%€7.1mabove the sector's middle half▼ 6.2%€7.4mabove the sector's middle half▲ 3.9%€7.4mabove the sector's middle half▼ 0.1%€7.7mabove the sector's middle half▲ 4.1%
Total assets€7.6mabove the sector's middle half▲ 8.5%€7.1mabove the sector's middle half▼ 6.3%€7.4mabove the sector's middle half▲ 4.0%€7.4mabove the sector's middle half▼ 0.1%€7.7mabove the sector's middle half▲ 4.1%
Debt€7,898▲ 90.6%€4,243▼ 46.3%€8,807▲ 108%€8,362▼ 5.0%€8,544▲ 2.2%
Working capital€7.6mabove the sector's middle half▲ 8.6%€7.1mabove the sector's middle half▼ 6.1%€7.4mabove the sector's middle half▲ 3.9%€7.4mabove the sector's middle half▼ 0.1%€7.7mabove the sector's middle half▲ 4.2%
Solvency99.9%above the sector's middle half=99.9%above the sector's middle half=99.9%above the sector's middle half▼ 0.1pp99.9%above the sector's middle half=99.9%above the sector's middle half=
Return on assets (ROA)7.8%above the sector's middle half▲ 4.4pp-6.7%below the sector's middle half▼ 14.4pp3.7%within the sector's middle half▲ 10.4pp-0.1%within the sector's middle half▼ 3.8pp3.9%within the sector's middle half▲ 4.0pp
Staff (FTE)1below the sector's middle half▼ 16.7%1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25,657 after a loss of €149,245 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.7m
Fixed assets
€9,161 ▼ 41.7%
Current assets
€7.7m ▲ 4.2%
Equity and liabilities €7.7m
Equity
€7.7m ▲ 4.1%
Debt
€8,544 ▲ 2.2%
Debt's share of the balance-sheet total stays at 0.1%.
Key figures and ratios
EBITDA
€32,753▲
2024 · -€126,417
Cash flow
€309,479▲
2024 · €16,344
Debt to equity
0.00▼
2024 · 0.00
ROE
3.9%▲
2024 · -0.1%
Interest coverage
1.30▲
2024 · -0.91
Debt ≤ 1 year
€8,544▲
2024 · €8,362
Staff costs
€30,831▼
2024 · €32,225
A ratio outside any meaningful range has been withheld (balance sheet total €7.7m, equity €7.7m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
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 < 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,039 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 | €400,000 | - | €80,000 | - | €100,000 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €48,097 | - |
| Remuneration, social security and pensions62 | €27,812 | €28,898 | €30,351 | €32,225 | €30,831 | ▼ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,437 | €10,700 | €13,416 | €22,828 | €7,097 | ▼ 68.9% |
| Other operating charges640/8 | €33,228 | €60,813 | €44,946 | €86,274 | €63,995 | ▼ 25.8% |
| Gross operating margin9900 | €374,669 | €16,838 | €62,108 | -€7,918 | €127,579 | ▲ 1,711% |
| Operating profit (loss)9901 | €303,192 | -€83,574 | -€26,605 | -€149,245 | €25,657 | ▲ 117% |
| Financial income75/76B | €268,496 | €271,490 | €268,225 | €281,702 | €301,980 | ▲ 7.2% |
| Recurring financial income75 | €268,496 | €271,490 | €268,225 | €281,702 | €301,980 | ▲ 7.2% |
| Financial charges65/66B | -€19,395 | €662,939 | -€36,020 | €138,941 | €25,254 | ▼ 81.8% |
| Recurring financial charges65 | -€19,395 | €662,939 | -€36,020 | €138,941 | €25,254 | ▼ 81.8% |
| Profit (loss) for the period before taxes9903 | €591,083 | -€475,023 | €277,639 | -€6,484 | €302,382 | ▲ 4,764% |
| Profit (loss) for the period9904 | €591,083 | -€475,023 | €277,639 | -€6,484 | €302,382 | ▲ 4,764% |
| Profit (loss) for the period to be appropriated9905 | €591,083 | -€475,023 | €277,639 | -€6,484 | €302,382 | ▲ 4,764% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.6m | €7.1m | €7.4m | €7.4m | €7.7m | ▲ 4.1% |
| Fixed assets21/28 | €26,852 | €16,943 | €18,149 | €15,715 | €9,161 | ▼ 41.7% |
| Tangible fixed assets22/27 | €26,852 | €16,943 | €18,149 | €15,715 | €9,161 | ▼ 41.7% |
| Furniture and vehicles24 | €26,852 | €16,943 | €18,149 | €15,715 | €9,161 | ▼ 41.7% |
| Current assets29/58 | €7.6m | €7.1m | €7.4m | €7.4m | €7.7m | ▲ 4.2% |
| Current investments50/53 | €6.1m | €5.6m | €6.2m | €6.1m | €6.4m | ▲ 3.7% |
| Cash at bank and in hand54/58 | €1.5m | €1.5m | €1.2m | €1.3m | €1.3m | ▲ 6.6% |
| Deferred charges and accrued income490/1 | €4,749 | €4,252 | €5,940 | €4,211 | €2,663 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.6m | €7.1m | €7.4m | €7.4m | €7.7m | ▲ 4.1% |
| Equity10/15 | €7.6m | €7.1m | €7.4m | €7.4m | €7.7m | ▲ 4.1% |
| Contributions10/11 | - | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Capital10 | - | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Reserves13 | €149,769 | €128,121 | €128,439 | €100,830 | €93,158 | ▼ 7.6% |
| Profit (loss) carried forward14 | €2.5m | €2.0m | €2.3m | €2.3m | €2.6m | ▲ 13.4% |
| Amounts payable17/49 | €7,898 | €4,243 | €8,807 | €8,362 | €8,544 | ▲ 2.2% |
| Amounts payable within one year42/48 | €7,898 | €4,243 | €8,803 | €8,362 | €8,544 | ▲ 2.2% |
| Trade debts44 | €3,324 | €171 | €4,478 | €3,814 | €3,932 | ▲ 3.1% |
| Suppliers440/4 | €3,324 | €171 | €4,478 | €3,814 | €3,932 | ▲ 3.1% |
| Taxes, remuneration and social security45 | €4,574 | €4,072 | €4,325 | €4,548 | €4,612 | ▲ 1.4% |
| Remuneration and social security454/9 | €4,574 | €4,072 | €4,325 | €4,548 | €4,612 | ▲ 1.4% |
| Accrued charges and deferred income492/3 | - | - | €4 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €591,083 | -€475,023 | €277,639 | -€6,484 | €302,382 | ▲ 4,764% |
| + Depreciation and write-downs630 | €10,437 | €10,700 | €13,416 | €22,828 | €7,097 | ▼ 68.9% |
| Operating cash flow (approximation) | €601,520 | -€464,323 | €291,055 | €16,344 | €309,479 | ▲ 1,794% |
| Investment in fixed assets (approximation) | - | -€791 | -€14,622 | -€20,394 | -€542 | ▲ 97.3% |
| Change in cash | - | -€4,212 | -€281,308 | €32,696 | €82,268 | ▲ 152% |
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €302,382
Net result €302,382 after one loss-making year.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €277,639
Net result €277,639 after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€475,023
Net result drops to -€475,023, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1685.83
Current ratio from 449.37 to 1685.83; short-term debt falls from €15,064 to €4,145.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €836,429 ▲3,914%
Net result €836,429, the highest in the series.
Show earlier events
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-04
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Nivelles · 1 establishment unit since 2008
Ground area
1,058 m²
Building footprint
293 m²
Parcel 25782D0237/00L003, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bethleem
since 20082.196.567.473
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D0237/00L003 | Wallonia | 1,058 m² | 1 · 293 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
54930030HMZ0ZOST9026
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Of 2,058 companies in sector 94910 we hold annual accounts for 236. 194 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded14-01-1932
Fiscal year end31-12
Activities, NACEBEL 2025
94910Activities of religious organisations
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.