BETHOS ENGINEERING
ActiveSummary
BETHOS ENGINEERING has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,309 and a net result of -€798. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-23
Solvency41=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.7 in 2024; short-term debt: 23.7% and cash: 21.1% of total assets), but 84.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
15.9%
Return on assets
-0.2%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 19%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
7 d early
2023
64 d early
2022
13 d early
2021
29 d late
2020
92 d early
2019
24 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
26-09-2026 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 simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€55,309▼ 1.4%
2024 · €56,107
Total assets
€347,444▼ 3.1%
2024 · €358,490
Net result
-€798
2024 · €8,072
Working capital
€50,211▼ 9.4%
2024 · €55,395
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
Line20212022202320242025
Operating result-€1,129€4,504€19,056▲ 323%€16,709▼ 12.3%€5,315▼ 68.2%
Net result-€4,477-€1,211▲ 72.9%€9,436€8,072▼ 14.5%-€798
Equity€39,811▼ 10.1%€38,600▼ 3.0%€48,036▲ 24.4%€56,107▲ 16.8%€55,309▼ 1.4%
Total assets€367,820▲ 197%€350,558▼ 4.7%€349,289▼ 0.4%€358,490▲ 2.6%€347,444▼ 3.1%
Debt€328,009▲ 312%€311,959▼ 4.9%€301,254▼ 3.4%€302,383▲ 0.4%€292,135▼ 3.4%
Working capital€12,152€21,759▲ 79.1%€43,782▲ 101%€55,395▲ 26.5%€50,211▼ 9.4%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €347,444
Fixed assets
€214,912 ▼ 3.9%
Current assets
€132,531 ▼ 1.7%
Equity and liabilities €347,444
Equity
€55,309 ▼ 1.4%
Debt
€292,135 ▼ 3.4%
Debt's share of the balance-sheet total falls from 84.3% to 84.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19,347▼
2024 · €37,671
Cash flow
€13,234▼
2024 · €29,034
Current ratio
1.61▼
2024 · 1.70
Debt to equity
5.28▼
2024 · 5.39
ROE
-1.4%▼
2024 · 14.4%
ROA
-0.2%▼
2024 · 2.3%
Interest coverage
3.65▼
2024 · 6.91
Debt ≤ 1 year
€82,320▲
2024 · €79,473
Debt > 1 year
€209,815▼
2024 · €222,910
Income taxes
€810▼
2024 · €3,188
Staff costs
€56,727▲
2024 · €53,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €41,325 | €48,072 | €53,645 | €53,342 | €56,727 | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,205 | €25,464 | €25,393 | €20,963 | €14,032 | ▼ 33.1% |
| Other operating charges640/8 | €1,734 | €2,622 | €2,874 | €3,117 | €3,128 | ▲ 0.4% |
| Gross operating margin9900 | €92,136 | €80,662 | €100,969 | €94,130 | €79,202 | ▼ 15.9% |
| Operating profit (loss)9901 | -€1,129 | €4,504 | €19,056 | €16,709 | €5,315 | ▼ 68.2% |
| Financial income75/76B | €9 | €0 | - | - | €0 | - |
| Recurring financial income75 | €9 | €0 | - | - | €0 | - |
| Financial charges65/66B | €2,942 | €5,044 | €5,712 | €5,449 | €5,304 | ▼ 2.7% |
| Recurring financial charges65 | €2,942 | €5,044 | €5,712 | €5,449 | €5,304 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | -€4,061 | -€540 | €13,344 | €11,260 | €12 | ▼ 99.9% |
| Income taxes67/77 | €416 | €672 | €3,908 | €3,188 | €810 | ▼ 74.6% |
| Profit (loss) for the period9904 | -€4,477 | -€1,211 | €9,436 | €8,072 | -€798 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | -€4,477 | -€1,211 | €9,436 | €8,072 | -€798 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367,820 | €350,558 | €349,289 | €358,490 | €347,444 | ▼ 3.1% |
| Fixed assets21/28 | €288,991 | €265,507 | €240,114 | €223,622 | €214,912 | ▼ 3.9% |
| Intangible fixed assets21 | €27,500 | €17,500 | €7,500 | €0 | - | - |
| Tangible fixed assets22/27 | €261,491 | €248,007 | €232,614 | €221,822 | €213,112 | ▼ 3.9% |
| Land and buildings22 | €246,263 | €236,279 | €226,295 | €216,311 | €206,327 | ▼ 4.6% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €8,430 | €6,688 | €3,037 | €3,817 | €1,649 | ▼ 56.8% |
| Other tangible fixed assets26 | €6,798 | €5,040 | €3,282 | €1,694 | €5,137 | ▲ 203% |
| Financial fixed assets28 | - | - | - | €1,800 | €1,800 | = |
| Current assets29/58 | €78,829 | €85,051 | €109,176 | €134,869 | €132,531 | ▼ 1.7% |
| Amounts receivable within one year40/41 | €40,791 | €51,338 | €60,939 | €64,085 | €54,904 | ▼ 14.3% |
| Trade receivables40 | €40,791 | €47,010 | €56,519 | €62,273 | €50,703 | ▼ 18.6% |
| Other amounts receivable41 | €0 | €4,328 | €4,421 | €1,812 | €4,201 | ▲ 132% |
| Cash at bank and in hand54/58 | €38,038 | €31,518 | €44,477 | €68,384 | €73,374 | ▲ 7.3% |
| Deferred charges and accrued income490/1 | - | €2,196 | €3,759 | €2,400 | €4,253 | ▲ 77.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367,820 | €350,558 | €349,289 | €358,490 | €347,444 | ▼ 3.1% |
| Equity10/15 | €39,811 | €38,600 | €48,036 | €56,107 | €55,309 | ▼ 1.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,211 | €20,000 | €29,436 | €37,507 | €36,709 | ▼ 2.1% |
| Non-distributable reserves130/1 | €290 | €290 | €290 | €290 | €290 | = |
| Reserves not available under the articles1311 | €290 | €290 | €290 | €290 | €290 | = |
| Distributable reserves133 | €20,921 | €19,710 | €29,146 | €37,217 | €36,419 | ▼ 2.1% |
| Amounts payable17/49 | €328,009 | €311,959 | €301,254 | €302,383 | €292,135 | ▼ 3.4% |
| Amounts payable after more than one year17 | €261,332 | €248,667 | €235,860 | €222,910 | €209,815 | ▼ 5.9% |
| Financial debts170/4 | €261,332 | €248,667 | €235,860 | €222,910 | €209,815 | ▼ 5.9% |
| Amounts payable within one year42/48 | €66,677 | €63,292 | €65,394 | €79,473 | €82,320 | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | €23,936 | €12,665 | €12,807 | €12,950 | €13,095 | ▲ 1.1% |
| Trade debts44 | €5,396 | €4,166 | €1,950 | €7,843 | €8,687 | ▲ 10.8% |
| Suppliers440/4 | €5,396 | €4,166 | €1,950 | €7,843 | €8,687 | ▲ 10.8% |
| Taxes, remuneration and social security45 | €17,838 | €22,619 | €20,077 | €24,795 | €18,126 | ▼ 26.9% |
| Taxes450/3 | €9,529 | €10,016 | €8,220 | €10,641 | €5,278 | ▼ 50.4% |
| Remuneration and social security454/9 | €8,310 | €12,604 | €11,857 | €14,154 | €12,848 | ▼ 9.2% |
| Other amounts payable47/48 | €19,508 | €23,841 | €30,560 | €33,885 | €42,412 | ▲ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,477 | -€1,211 | €9,436 | €8,072 | -€798 | ▼ 110% |
| + Depreciation and write-downs630 | €50,205 | €25,464 | €25,393 | €20,963 | €14,032 | ▼ 33.1% |
| Operating cash flow (approximation) | €45,728 | €24,253 | €34,829 | €29,034 | €13,234 | ▼ 54.4% |
| Investment in fixed assets (approximation) | - | -€1,980 | €0 | -€4,471 | -€5,322 | ▼ 19.0% |
| Change in cash | - | -€6,520 | €12,960 | €23,906 | €4,990 | ▼ 79.1% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,436
Net result €9,436 after 2 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€4,477
Net result drops to -€4,477, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Highest result since 2018net €21,176 ▲55.6%
Operating result €28,034, net result €21,176, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Wuustwezel · 1 establishment unit since 2014
Ground area
844 m²
Building footprint
176 m²
Parcel 11053D0164/00B002, Flanders. Linked by address, not a title deed.
1 establishment unit
Bethos Engineering
since 20142.236.301.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11053D0164/00B002 | Flanders | 844 m² | 1 · 176 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.
Similar companies · same sector, comparable size
Offshore Commissioning Services
BE 0804.638.160
Brugge · Eq €55,309
B Systech
BE 0784.240.149
Ganshoren · Eq €55,330
B3T
BE 0804.832.556
Sint-Katelijne-Waver · Eq €55,331
DEMC
BE 0777.909.019
Kalmthout · Eq €55,236
M+E Engineering
BE 0727.757.940
Watermaal-Bosvoorde · Eq €55,400
Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,957 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
Founded09-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.