Equity
-€33,452
Debts exceed assets in financial year 2025.
BEX
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €86,949 (2009)
-€35,619▼ €35,997
lowest -€45,414 (2025)
-€45,414▼ €37,184
peak €22,042 (2022)
-€33,452▼ €45,414
€68,906▲ 15.1%
peak 1.8 FTE (2012)
-not published
Board1 name since 2019
1 directorBEX Frank
Documentsfilings and deeds
07-08-20267 days late
2025micro format
Gross margin from €377 to -€35,619Loss of €45,414Equity from €11,962 to -€33,452Debts from €59,875 to €68,906Cash from €812 to €406
Key points
from the 2025 annual accountsLosses
-€55,494 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€68,906 194% of the balance sheet
Financial debts 30%Suppliers 7%Taxes and wages 4%Other 60%
Liquidity
0.41 was 1.10 in 2024
Short-term debts rose from €56,365 to €68,906.
Filings
24 annual accounts since 2002
Eight of the last ten came late. The 2017 accounts came latest: 27 days after the end of the period.
Position in the sector
-94.4%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,156 companies.
Turnover not published (micro format)
Checked score
51
Fair
Financially stronger than 3% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.5%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.5%● unchanged vs 01-2025lowest value
03-2025: 0.5%● unchanged vs 02-2025lowest value
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025
09-2025: 1.2%▲ +0.1 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 1.9%▲ +0.6 percentage points vs 07-2026
09-2026: 2.0%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 2.0%● unchanged vs 09-2026highest value
11-2026: 2.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €45,414, the second in a row (financial year 2025)
Negative equity -€33,452
lowers risk
Size: total assets €35,453
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 3% on liquidity, 4% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as BEX has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BEX itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for BEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.41 (1.1 in 2024), below 1. Short-term debt is 194.4% and cash 1.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€33,452
raises risk · 2025 accounts filed 7 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
7 days late
2024
20 days late
2023
15 days early
2022
23 days late
2021
12 days late
2020
26 days late
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476971665
Reappointment: BEX Frank (director)
“Onderneming voor loodgieterswerk; De installatie in gebouwen en andere bouwwerken van waterleiding, artikelen…” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 17-09-2019 · Gazette deed
First establishment
Kleindekkenstraat 119, Sint-Truiden
Incorporation
published on 09-03-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BEX Sint-Truiden | €35,453 | -€35,619 | -94.4% | - |
| ART SERVICE BELGIUM Bornem | €30,567 | -€8,090 | 49.3% | - |
| DIFAC Fléron | €30,579 | €679 | 81.0% | - |
| PRO-IMMO Charleroi | €31,128 | -€5,141 | -174.4% | - |
| ERABATI Etterbeek | €38,507 | -€1,253 | 41.3% | - |
| ECO-ENERGIES Esneux | €36,259 | -€4,865 | -220.8% | - |
| RENOVAN Leuven | €44,004 | -€127 | 57.1% | - |
These companies have the same main activity as BEX: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €30,600 and €44,000, founded between 1998 and 2007.
Official details
Source: KBO- Status
- Active since 25-02-2002Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Establishment unit
- 2.095.829.4113800 Sint-Truiden, since 04-04-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 13-08-2025
Insights on BEX
BEX files the micro format. That format states no turnover. The gross margin fell from €36,976 in 2006 to -€35,619 in 2025.
The balance sheet grew most in 2010 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BEX
- What is the company number of BEX?
- The company number of BEX is 0476.971.665. The VAT number is the same number with BE in front: BE 0476.971.665.
- Where is BEX based?
- The registered office is at Kleindekkenstraat 119, 3800 Sint-Truiden.Company details
- What does BEX do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of BEX?
- BEX is a private limited company (BV).
- When was BEX founded?
- BEX was founded on 25-02-2002.
- Is BEX still active?
- Yes, BEX is an active enterprise in the KBO register.
- What is the turnover of BEX?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is BEX profitable?
- In financial year 2025, BEX made a loss of €45,414.
- Where can I find the annual accounts of BEX?
- BEX filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BEX due?
- BEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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