BEX P. & E.
ActiveSummary
BEX P. & E. has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83,373 and a net result of €40,118. Equity is growing by about 3% per year across the filed financial years. Its solvency ranks better than 68% of 5,814 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €83,373
- Profit
- €40,118
Why 98raises riskSector: Land transport and transport via pipelines (NACE 49)lowers riskLiquidity: current ratio 8.45, cash €67,782Founded in 1994Equity €83,373 (56.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 49, micro): better than 68% on solvency, 97% on liquidity, 94% on profitability and 88% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €40,118
- Liquidity more than 7 timescurrent ratio 8.45
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €43,853 after a loss of €52,540 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% 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 497,473 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% | 1.8% |
| 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 74.5% 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 31,372 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,001 | €24,566 | €11,874 | €16,154 | €21,488 | €25,805 | €21,031 | €18,617 | ▼ 11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €17,533 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €8,757 | €10,091 | €8,523 | €6,744 | €9,156 | ▲ 35.7% |
| Non-recurring operating charges66A | - | - | - | - | €4,226 | - | - | - | - |
| Gross operating margin9900 | €38,530 | €27,805 | €62,264 | €76,209 | €27,463 | €36,768 | -€24,764 | €71,625 | - |
| Operating profit (loss)9901 | €14,043 | -€2,798 | €42,317 | €51,298 | -€25,875 | €2,440 | -€52,540 | €43,853 | - |
| Financial income75/76B | - | - | - | €5,781 | €414 | €6 | €27 | €48 | ▲ 79.3% |
| Recurring financial income75 | - | €0 | €1 | €5,781 | €414 | €6 | €27 | €3 | ▼ 89.6% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €46 | - |
| Financial charges65/66B | - | - | - | €2,510 | €2,341 | €396 | €986 | €3,784 | ▲ 284% |
| Recurring financial charges65 | €3,966 | €3,672 | €3,282 | €2,510 | €2,341 | €396 | €986 | €3,620 | ▲ 267% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €163 | - |
| Profit (loss) for the period before taxes9903 | €10,077 | -€6,470 | €39,036 | €54,569 | -€27,802 | €2,050 | -€53,499 | €40,118 | - |
| Income taxes67/77 | - | - | €5,504 | €18,910 | - | €186 | - | - | - |
| Profit (loss) for the period9904 | €10,077 | -€6,470 | €33,531 | €35,659 | -€27,802 | €1,863 | -€53,499 | €40,118 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €11,985 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,077 | -€6,470 | €33,531 | €47,643 | -€27,802 | €1,863 | -€53,499 | €40,118 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €128,457 | €126,818 | €185,771 | €208,225 | €176,126 | €165,570 | €103,735 | €148,324 | ▲ 43.0% |
| Fixed assets21/28 | €21,820 | €29,868 | €46,235 | €89,071 | €61,085 | €57,779 | €36,748 | €18,131 | ▼ 50.7% |
| Tangible fixed assets22/27 | €21,685 | €29,733 | €43,465 | €88,301 | €60,315 | €57,009 | €35,978 | €17,361 | ▼ 51.7% |
| Plant, machinery and equipment23 | - | - | - | €5,978 | €4,939 | €3,145 | €1,776 | €779 | ▼ 56.1% |
| Furniture and vehicles24 | - | - | - | €82,323 | €55,375 | €53,864 | €34,202 | €16,582 | ▼ 51.5% |
| Financial fixed assets28 | €135 | €135 | €2,770 | €770 | €770 | €770 | €770 | €770 | = |
| Current assets29/58 | €106,638 | €96,950 | €139,536 | €119,154 | €115,042 | €107,791 | €66,987 | €130,192 | ▲ 94.4% |
| Amounts receivable within one year40/41 | €84,892 | €82,021 | €85,769 | €77,554 | €81,994 | €75,423 | €26,942 | €50,335 | ▲ 86.8% |
| Trade receivables40 | - | - | - | €68,439 | €69,585 | €64,373 | €15,879 | €43,541 | ▲ 174% |
| Other amounts receivable41 | - | - | - | €9,115 | €12,409 | €11,050 | €11,063 | €6,794 | ▼ 38.6% |
| Cash at bank and in hand54/58 | €13,740 | €8,593 | €44,906 | €33,765 | €25,558 | €23,091 | €30,530 | €67,782 | ▲ 122% |
| Deferred charges and accrued income490/1 | - | - | - | €7,834 | €7,489 | €9,277 | €9,516 | €12,075 | ▲ 26.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €128,457 | €126,818 | €185,771 | €208,225 | €176,126 | €165,570 | €103,735 | €148,324 | ▲ 43.0% |
| Equity10/15 | €59,972 | €53,502 | €87,034 | €122,692 | €94,891 | €96,754 | €43,255 | €83,373 | ▲ 92.7% |
| Contributions10/11 | €37,500 | €37,500 | - | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Reserves13 | €22,472 | €16,002 | €49,534 | €85,192 | €57,391 | €59,254 | €49,507 | €49,507 | = |
| Non-distributable reserves130/1 | - | - | - | €3,750 | €3,750 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,750 | €3,750 | - | - | - | - |
| Distributable reserves133 | - | - | - | €81,442 | €53,641 | €59,254 | €49,507 | €49,507 | = |
| Profit (loss) carried forward14 | -€4,118 | -€10,065 | - | - | - | - | -€43,752 | -€3,634 | ▲ 91.7% |
| Amounts payable17/49 | €68,485 | €73,316 | €98,738 | €85,533 | €81,236 | €68,816 | €60,480 | €64,951 | ▲ 7.4% |
| Amounts payable after more than one year17 | €12,714 | €11,038 | €12,122 | €4,670 | €874 | - | - | €43,255 | - |
| Financial debts170/4 | - | - | - | €4,670 | €874 | - | - | €43,255 | - |
| Amounts payable within one year42/48 | €53,510 | €59,865 | €84,931 | €79,022 | €78,520 | €64,268 | €56,575 | €15,400 | ▼ 72.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,452 | €3,796 | €874 | - | - | - |
| Trade debts44 | €2,209 | €1,805 | €24,248 | €3,700 | €10,717 | €8,340 | €5,183 | €3,063 | ▼ 40.9% |
| Suppliers440/4 | - | - | - | €3,700 | €10,717 | €8,340 | €5,183 | €3,063 | ▼ 40.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €1,250 | - |
| Taxes, remuneration and social security45 | - | - | - | €21,990 | €16,731 | €5,992 | €1,838 | €4,744 | ▲ 158% |
| Taxes450/3 | - | - | - | €21,990 | €16,731 | €5,943 | €1,838 | €4,744 | ▲ 158% |
| Remuneration and social security454/9 | - | - | - | - | - | €49 | - | - | - |
| Other amounts payable47/48 | - | - | - | €45,880 | €47,276 | €49,063 | €49,553 | €6,343 | ▼ 87.2% |
| Accrued charges and deferred income492/3 | - | - | - | €1,841 | €1,842 | €4,548 | €3,906 | €6,295 | ▲ 61.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,077 | -€6,470 | €33,531 | €35,659 | -€27,802 | €1,863 | -€53,499 | €40,118 | - |
| + Depreciation and write-downs630 | €20,001 | €24,566 | €11,874 | €16,154 | €21,488 | €25,805 | €21,031 | €18,617 | ▼ 11.5% |
| Operating cash flow (approximation) | €30,078 | €18,096 | €45,406 | €51,813 | -€6,314 | €27,669 | -€32,468 | €58,734 | - |
| Investment in fixed assets (approximation) | - | -€32,614 | -€28,242 | -€58,990 | €6,498 | -€22,500 | €0 | €0 | - |
| Change in cash | - | -€5,148 | €36,313 | -€11,141 | -€8,207 | -€2,467 | €7,439 | €37,252 | ▲ 401% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 14-07-2026 | 2026-00289842 |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00282979 |
| 31-12-2023 | micro format | 18-07-2024 | 2024-00262501 |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00262322 |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20227269 |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38400542 |
| 31-12-2019 | micro format | 31-07-2020 | 2020-36600460 |
| 31-12-2018 | micro format | 23-07-2019 | 2019-36600056 |
| 31-12-2017 | micro format | 20-06-2018 | 2018-21500436 |
| 31-12-2016 | micro format | 23-06-2017 | 2017-20400559 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BEX Etienne |
|
Owners and capital
Capital and shareholders
- 18-12-2023 Capital stated in the deed · 1,500 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-12
Gazette deed
Resignation: BEX Etienne (director)Appointment: BEX Etienne (director) · Legal form clause · Capital conversion12 facts ▸
- General meeting, 11-12-2023
- Legal form clause, “behoud, besloten vennootschap” (deed in Dutch)
- Capital conversion, “onmiddellijke en integrale opheffing van onbeschikbaarheid, van rechtswege en zonder vervulling van enige formaliteit gevormd” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, BEX Etienne (director)
- Director appointment, BEX Etienne (director (not named in the articles))
- Other provision, “geen verhindering, niet getroffen door enige maatregel welke zich tegen aanstelling zou verzetten” (deed in Dutch)
- Director discharge, BEX Etienne
- Power of attorney, Boekhoudkantoor GVB BV
- Power of attorney
- Other provision, “website en e-mailadres, geen melding vereist in akte” (deed in Dutch)
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0453.333.755
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73009B0028/00M000 | Flanders | 1,869 m² | 1 · 622 m² | 6.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BEX P. & E.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, België” (deed in Dutch)“In aanvulling van artikel 2 statuten, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Algemene vergadering, onbepaalde duur bij gebrek aan bepaling” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 20:00