BEX
ActiveSummary
The computed 12-month bankruptcy probability of BEX is 1.5% (moderate). The 2025 annual accounts show negative equity (-€33,452) and a net result of -€45,414. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28051 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-4
Solvency0▼-42
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 1.1 in 2024; short-term debt: 194.4% and cash: 1.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-94.4%
Return on assets
-128.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
20 d late
2023
15 d early
2022
23 d late
2021
12 d late
2020
26 d late
2019
26 d late
← 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 14 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€33,452
2024 · €11,962
Total assets
€35,453▼ 50.6%
2024 · €71,836
Net result
-€45,414▼ 452%
2024 · -€8,230
Working capital
-€40,505
2024 · €5,541
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€14,690▲ 26.1%€28,283▲ 92.5%-€11,329-€4,592▲ 59.5%-€41,169▼ 797%
Net result€6,826▲ 41.7%€20,536▲ 201%-€1,850-€8,230▼ 345%-€45,414▼ 452%
Equity€1,506€22,042▲ 1,363%€20,192▼ 8.4%€11,962▼ 40.8%-€33,452
Total assets€83,088▼ 7.5%€70,435▼ 15.2%€69,415▼ 1.4%€71,836▲ 3.5%€35,453▼ 50.6%
Debt€81,581▼ 14.3%€48,393▼ 40.7%€49,223▲ 1.7%€59,875▲ 21.6%€68,906▲ 15.1%
Working capital-€6,126▲ 69.7%€16,527€22,694▲ 37.3%€5,541▼ 75.6%-€40,505
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41,169 in 2025 against €4,592 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,453
Fixed assets
€7,053 ▼ 29.0%
Current assets
€28,400 ▼ 54.1%
Key figures and ratios
EBITDA
-€37,838▼
2024 · -€1,933
Cash flow
-€42,083▼
2024 · -€5,571
Solvency
-94.4%▼
2024 · 16.7%
Current ratio
0.41▼
2024 · 1.10
Quick ratio
0.16▼
2024 · 0.21
Debt to equity
-2.06▼
2024 · 5.01
ROA
-128.1%▼
2024 · -11.5%
Interest coverage
-9.98▼
2024 · -0.57
Debt ≤ 1 year
€68,906▲
2024 · €56,365
Income taxes
€653▼
2024 · €681
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,598 | €14,591 | €14,761 | €2,659 | €3,331 | ▲ 25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €27 | - | - |
| Other operating charges640/8 | €2,109 | €2,001 | €2,289 | €2,284 | €2,219 | ▼ 2.8% |
| Gross operating margin9900 | €36,397 | €44,874 | €5,721 | €377 | -€35,619 | ▼ 9,537% |
| Operating profit (loss)9901 | €14,690 | €28,283 | -€11,329 | -€4,592 | -€41,169 | ▼ 797% |
| Financial income75/76B | €70 | €5,061 | €15,148 | €448 | €199 | ▼ 55.7% |
| Recurring financial income75 | €70 | €20 | €148 | €448 | €199 | ▼ 55.7% |
| Non-recurring financial income76B | - | €5,041 | €15,000 | - | - | - |
| Financial charges65/66B | €3,122 | €2,533 | €3,803 | €3,406 | €3,791 | ▲ 11.3% |
| Recurring financial charges65 | €3,122 | €2,533 | €3,803 | €3,406 | €3,791 | ▲ 11.3% |
| Profit (loss) for the period before taxes9903 | €11,638 | €30,811 | €16 | -€7,549 | -€44,761 | ▼ 493% |
| Income taxes67/77 | €4,811 | €10,275 | €1,866 | €681 | €653 | ▼ 4.1% |
| Profit (loss) for the period9904 | €6,826 | €20,536 | -€1,850 | -€8,230 | -€45,414 | ▼ 452% |
| Profit (loss) for the period to be appropriated9905 | €6,826 | €20,536 | -€1,850 | -€8,230 | -€45,414 | ▼ 452% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,088 | €70,435 | €69,415 | €71,836 | €35,453 | ▼ 50.6% |
| Fixed assets21/28 | €32,932 | €19,901 | €8,924 | €9,930 | €7,053 | ▼ 29.0% |
| Tangible fixed assets22/27 | €32,932 | €19,901 | €8,924 | €9,930 | €7,053 | ▼ 29.0% |
| Land and buildings22 | €4,525 | €3,600 | €3,000 | €5,483 | €4,150 | ▼ 24.3% |
| Plant, machinery and equipment23 | €1,995 | €1,341 | €2,194 | €1,443 | €1,170 | ▼ 18.9% |
| Furniture and vehicles24 | €26,411 | €14,960 | €3,730 | €3,004 | €1,733 | ▼ 42.3% |
| Current assets29/58 | €50,156 | €50,534 | €60,491 | €61,906 | €28,400 | ▼ 54.1% |
| Stocks and contracts in progress3 | €11,773 | €9,421 | €18,159 | €49,792 | €17,118 | ▼ 65.6% |
| Stocks30/36 | €902 | €496 | €5,945 | €10,421 | €2,345 | ▼ 77.5% |
| Contracts in progress37 | €10,871 | €8,925 | €12,214 | €39,371 | €14,773 | ▼ 62.5% |
| Amounts receivable within one year40/41 | €33,690 | €19,872 | €39,026 | €10,535 | €7,541 | ▼ 28.4% |
| Trade receivables40 | €28,836 | €19,489 | €38,160 | €6,544 | €5,400 | ▼ 17.5% |
| Other amounts receivable41 | €4,854 | €383 | €867 | €3,991 | €2,141 | ▼ 46.3% |
| Cash at bank and in hand54/58 | €4,340 | €16,225 | €1,912 | €812 | €406 | ▼ 49.9% |
| Deferred charges and accrued income490/1 | €353 | €5,016 | €1,394 | €767 | €3,335 | ▲ 335% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,088 | €70,435 | €69,415 | €71,836 | €35,453 | ▼ 50.6% |
| Equity10/15 | €1,506 | €22,042 | €20,192 | €11,962 | -€33,452 | ▼ 380% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,744 | €33,280 | €33,280 | €32,181 | €32,181 | = |
| Distributable reserves133 | €12,744 | €33,280 | €33,280 | €32,181 | €32,181 | = |
| Profit (loss) carried forward14 | -€29,838 | -€29,838 | -€31,688 | -€38,819 | -€84,233 | ▼ 117% |
| Amounts payable17/49 | €81,581 | €48,393 | €49,223 | €59,875 | €68,906 | ▲ 15.1% |
| Amounts payable after more than one year17 | €23,513 | €13,361 | €10,000 | - | - | - |
| Financial debts170/4 | €23,513 | €13,361 | €10,000 | - | - | - |
| Amounts payable within one year42/48 | €56,282 | €34,008 | €37,796 | €56,365 | €68,906 | ▲ 22.2% |
| Current portion of amounts payable after more than one year42 | €10,874 | €9,972 | €3,361 | - | - | - |
| Financial debts43 | €18,579 | - | €12,928 | €11,841 | €20,588 | ▲ 73.9% |
| Credit institutions430/8 | €18,579 | - | €12,928 | €11,841 | €20,588 | ▲ 73.9% |
| Trade debts44 | €8,219 | €6,049 | €16,742 | €26,393 | €4,668 | ▼ 82.3% |
| Suppliers440/4 | €8,219 | €6,049 | €16,742 | €26,393 | €4,668 | ▼ 82.3% |
| Taxes, remuneration and social security45 | €12,759 | €17,986 | €4,765 | €8,346 | €2,641 | ▼ 68.4% |
| Taxes450/3 | €8,409 | €15,086 | €1,865 | €2,546 | €2,641 | ▲ 3.7% |
| Remuneration and social security454/9 | €4,350 | €2,900 | €2,900 | €5,800 | - | - |
| Other amounts payable47/48 | €5,851 | - | - | €9,785 | €41,008 | ▲ 319% |
| Accrued charges and deferred income492/3 | €1,786 | €1,024 | €1,426 | €3,509 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,826 | €20,536 | -€1,850 | -€8,230 | -€45,414 | ▼ 452% |
| + Depreciation and write-downs630 | €19,598 | €14,591 | €14,761 | €2,659 | €3,331 | ▲ 25.3% |
| Operating cash flow (approximation) | €26,424 | €35,126 | €12,911 | -€5,571 | -€42,083 | ▼ 655% |
| Investment in fixed assets (approximation) | - | -€1,560 | -€3,785 | -€3,665 | -€454 | ▲ 87.6% |
| Change in cash | - | €11,885 | -€14,314 | -€1,100 | -€405 | ▲ 63.1% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Weakest financial yearnet -€45,414
Net result drops to -€45,414, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Highest result since 2018net €20,536 ▲201%
Operating result €28,283, net result €20,536, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €4,819
Net result €4,819 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Truiden · 1 establishment unit since 2002
Ground area
762 m²
Building footprint
134 m²
Volume, LiDAR
701 m³
Parcel 71064A1102/00N000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
bex
since 20022.095.829.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71064A1102/00N000 | Flanders | 762 m² | 1 · 134 m² | 8.8 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.
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 2,789 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
Founded25-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
Contact
E-mail
bex.bvba@telenet.be
Scores and ratios are computed by Checked and are not a credit decision.