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BEVERGOED

Active
Public limited companyfounded 198738 yrs activeSint-Jansstraat 103, 8791 Waregem, BelgiumKBO/BCE: BE 0432.879.722
Summary

BEVERGOED has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €311,583 and a net result of €95,796. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 81% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability95▼-5
Solvency99▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 14.15 in 2023; short-term debt: 25.7% and cash: 36.2% of total assets), and 25.7% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €311,583
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
21 d early
2023
29 d late
2022
40 d early
2021
37 d early
2020
17 d early
2019
38 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 December 1987, BEVERGOED was incorporated.1 Total assets went from EUR 480,497 in 2018 to EUR 419,380 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€311,583=
2023 · €311,583
Total assets
€419,380▲ 31.3%
2023 · €319,293
Net result
€95,796▲ 5.6%
2023 · €90,759
Working capital
€101,507▲ 0.1%
2023 · €101,381
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Operating result€56,941▲ 5.7%€87,069▲ 52.9%€120,342▲ 38.2%€121,851▲ 1.3%€128,485▲ 5.4%
Net result€30,329▲ 53.4%€57,621within the sector's middle half▲ 90.0%€90,004within the sector's middle half▲ 56.2%€90,759within the sector's middle half▲ 0.8%€95,796within the sector's middle half▲ 5.6%
Equity€402,231=€390,181within the sector's middle half▼ 3.0%€280,185within the sector's middle half▼ 28.2%€311,583within the sector's middle half▲ 11.2%€311,583within the sector's middle half=
Total assets€438,202▲ 4.9%€415,924below the sector's middle half▼ 5.1%€390,219below the sector's middle half▼ 6.2%€319,293below the sector's middle half▼ 18.2%€419,380below the sector's middle half▲ 31.3%
Debt€105,642▲ 575%€25,743▼ 75.6%€110,033▲ 327%€7,710▼ 93.0%€107,797▲ 1,298%
Working capital€92,582▼ 8.9%€179,999within the sector's middle half▲ 94.4%€70,003within the sector's middle half▼ 61.1%€101,381within the sector's middle half▲ 44.8%€101,507within the sector's middle half▲ 0.1%
Solvency91.8%▼ 4.5pp93.8%above the sector's middle half▲ 2.0pp71.8%above the sector's middle half▼ 22.0pp97.6%above the sector's middle half▲ 25.8pp74.3%above the sector's middle half▼ 23.3pp
Current ratio1.88▼ 5.628.00above the sector's middle half▲ 6.121.64within the sector's middle half▼ 6.3614.15above the sector's middle half▲ 12.511.94within the sector's middle half▼ 12.21
Return on assets (ROA)6.9%▲ 2.2pp13.9%above the sector's middle half▲ 6.9pp23.1%above the sector's middle half▲ 9.2pp28.4%above the sector's middle half▲ 5.4pp22.8%above the sector's middle half▼ 5.6pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2020: €56,941€56,941Net result 2020: €30,329€30,329Operating result 2021: €87,069€87,069Net result 2021: €57,621€57,621Operating result 2022: €120,342€120,342Net result 2022: €90,004€90,004Operating result 2023: €121,851€121,851Net result 2023: €90,759€90,759Operating result 2024: €128,485€128,485Net result 2024: €95,796€95,79620202021202220232024€0€50,000€100,000€150,000Operating result 2022: €120,342€120,000Net result 2022: €90,004€90,000Operating result 2023: €121,851€122,000Net result 2023: €90,759€90,800Operating result 2024: €128,485€128,000Net result 2024: €95,796€95,800202220232024
The operating result has risen four years in a row; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €419,380
Fixed assets €210,203 =
Current assets €209,177 ▲ 91.7%
Equity and liabilities €419,380
Equity €311,583 =
Debt €107,797 ▲ 1,298%
Debt's share of the balance-sheet total rises from 2.4% to 25.7%. Debt is higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.35▲
2023 · 0.02
ROE
30.7%▲
2023 · 29.1%
Debt ≤ 1 year
€107,671▲
2023 · €7,710
Income taxes
€31,932▲
2023 · €30,253
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 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 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 31,349 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€319,293€419,380▲
Fixed assets21/28€210,203€210,203=
Tangible fixed assets22/27€210,203€210,203=
Land and buildings22€210,203€210,203=
Current assets29/58€109,091€209,177▲
Amounts receivable within one year40/41€9,747€9,747=
Other amounts receivable41€9,747€9,747=
Cash at bank and in hand54/58€95,241€151,657▲
Deferred charges and accrued income490/1€4,102€47,773▲
Equity and liabilities
Total equity and liabilities10/49€319,293€419,380▲
Equity10/15€311,583€311,583=
Contributions10/11€65,000€65,000=
Capital10€65,000€65,000=
Issued capital100€65,000€65,000=
Revaluation surpluses12€159,320€159,320=
Reserves13€87,263€87,263=
Non-distributable reserves130/1€6,500€6,500=
Legal reserve130€6,500€6,500=
Distributable reserves133€80,763€80,763=
Profit (loss) carried forward14-€0
Amounts payable17/49€7,710€107,797▲
Amounts payable within one year42/48€7,710€107,671▲
Trade debts44€7,710€9,942▲
Suppliers440/4€7,710€9,942▲
Taxes, remuneration and social security45-€1,932
Taxes450/3-€1,932
Other amounts payable47/48-€95,796
Accrued charges and deferred income492/3-€126
Income statement Code20232024
Other operating charges640/8€17,705€18,417▲
Gross operating margin9900€139,557€146,902▲
Operating profit (loss)9901€121,851€128,485▲
Financial charges65/66B€840€756▼
Recurring financial charges65€840€756▼
Profit (loss) for the period before taxes9903€121,012€127,728▲
Income taxes67/77€30,253€31,932▲
Profit (loss) for the period9904€90,759€95,796▲
Profit (loss) for the period to be appropriated9905€90,759€95,796▲
Appropriation of the result
Profit (loss) to be appropriated9906€90,759€95,796▲
Transfer from equity791/2€49,365€0▼
Transfer to equity691/2€80,763€0▼
To other reserves6921€80,763€0▼
Profit to be distributed694/7€59,361€95,796▲
Return on contributions (dividend)694€59,361€95,796▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60,662€29,777----
Other operating charges640/8-€15,785€16,159€17,705€18,417▲ 4.0%
Gross operating margin9900€133,272€132,631€136,502€139,557€146,902▲ 5.3%
Operating profit (loss)9901€56,941€87,069€120,342€121,851€128,485▲ 5.4%
Financial income75/76B--€1---
Recurring financial income75€3,882-€1---
Financial charges65/66B-€315€337€840€756▼ 9.9%
Recurring financial charges65€224€315€337€840€756▼ 9.9%
Profit (loss) for the period before taxes9903€60,599€86,754€120,006€121,012€127,728▲ 5.6%
Income taxes67/77€33,899€29,133€30,001€30,253€31,932▲ 5.6%
Profit (loss) for the period9904€30,329€57,621€90,004€90,759€95,796▲ 5.6%
Profit (loss) for the period to be appropriated9905€30,329€57,621€90,004€90,759€95,796▲ 5.6%
Line20202021202220232024Change
Assets
Total assets20/58€438,202€415,924€390,219€319,293€419,380▲ 31.3%
Formation expenses20€0-----
Fixed assets21/28€300,642€210,203€210,203€210,203€210,203=
Intangible fixed assets21€0-----
Tangible fixed assets22/27€300,642€210,203€210,203€210,203€210,203=
Land and buildings22-€210,203€210,203€210,203€210,203=
Financial fixed assets28€0-----
Current assets29/58€198,222€205,721€180,016€109,091€209,177▲ 91.7%
Stocks and contracts in progress3€0-----
Amounts receivable within one year40/41€7,427€867€14,999€9,747€9,747=
Other amounts receivable41-€867€14,999€9,747€9,747=
Current investments50/53€0-----
Cash at bank and in hand54/58€154,354€164,078€119,559€95,241€151,657▲ 59.2%
Deferred charges and accrued income490/1-€40,776€45,458€4,102€47,773▲ 1,065%
Equity and liabilities
Total equity and liabilities10/49€438,202€415,924€390,219€319,293€419,380▲ 31.3%
Equity10/15€402,231€390,181€280,185€311,583€311,583=
Contributions10/11€65,000€65,000€65,000€65,000€65,000=
Capital10-€65,000€65,000€65,000€65,000=
Issued capital100-€65,000€65,000€65,000€65,000=
Revaluation surpluses12-€159,320€159,320€159,320€159,320=
Reserves13€78,462€165,861€55,865€87,263€87,263=
Non-distributable reserves130/1-€6,500€6,500€6,500€6,500=
Legal reserve130-€6,500€6,500€6,500€6,500=
Distributable reserves133-€159,361€49,365€80,763€80,763=
Profit (loss) carried forward14€20,310---€0-
Amounts payable17/49€105,642€25,743€110,033€7,710€107,797▲ 1,298%
Amounts payable within one year42/48€105,639€25,722€110,012€7,710€107,671▲ 1,297%
Financial debts43-€7,510€10,012---
Other loans439-€7,510€10,012---
Trade debts44€6,752€12,897-€7,710€9,942▲ 29.0%
Suppliers440/4-€12,897-€7,710€9,942▲ 29.0%
Taxes, remuneration and social security45-€5,315--€1,932-
Taxes450/3-€5,315--€1,932-
Other amounts payable47/48--€100,000-€95,796-
Accrued charges and deferred income492/3-€21€21-€126-
Line20202021202220232024Change
Profit (loss) for the period9904€30,329€57,621€90,004€90,759€95,796▲ 5.6%
+ Depreciation and write-downs630€60,662€29,777----
Operating cash flow (approximation)€90,991€87,398€90,004€90,759€95,796▲ 5.6%
Investment in fixed assets (approximation)-€60,662€0€0€0-
Change in cash-€9,724-€44,519-€24,318€56,416▲ 332%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
10-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2018net €95,796 ▲5.6%
Operating result €128,485, net result €95,796, both a record.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial Liquidity times 9current ratio 14.15
Current ratio from 1.64 to 14.15; short-term debt falls from €110,012 to €7,710.
21-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity quadruplescurrent ratio 8.00
Current ratio from 1.88 to 8.00; short-term debt falls from €105,639 to €25,722.
14-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
31-12
Financial Liquidity times 6current ratio 7.49
Current ratio from 1.22 to 7.49; short-term debt falls from €98,040 to €15,649.
24-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 55 days late
2018
05-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 36 days late
2017
07-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 38 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 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
9 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, Waregem · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
6,431 m²
Building footprint
5,359 m²
Volume, LiDAR
32,099 m³
Parcel 34006A0117/00C004, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Sint-Jansstraat 103, 8791 Waregem
Insurance, reinsurance and pension funding, except compulsory social security
since 19902.048.288.028
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34006A0117/00C004 Flanders 6,430 m² 1 · 5,359 m² 11.2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. ISSOLO 100%
  2. BEVERGOED

Highest known parent: ISSOLO. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 4,427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded18-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
41001General construction of residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0432879722
Also 9925:BE0432879722
Registered 23-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.