BEX PETER
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00033383.
Annual accounts 2025 filed on 02-02-2026 PDF all 15 filings
Turnover
≈ €150,000
Estimated: probably between €110,000 and €240,000
Total assets
€143,230▲ 10.7%
2024 · €129,381
Net result
€16,223▼ 0.2%
2024 · €16,252
Working capital
€120,834▲ 17.4%
2024 · €102,964
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€23,740
▼ 1.4%
2025
20192025
Net result
€16,223
▼ 0.2%
2025
middle half of the sector
20192025
Equity
€129,370
▲ 14.3%
2025
middle half of the sector
20192025
Total assets
€143,230
▲ 10.7%
2025
lowest quarter of the sector
20192025
Debt
€13,861
▼ 14.6%
2025
20192025
Working capital
€120,834
▲ 17.4%
2025
middle half of the sector
20192025
Solvency
90.3%
▲ 2.9pp
2025
highest quarter of the sector
20192025
Current ratio
9.72
▲ 2.38
2025
highest quarter of the sector
20192025
Return on assets (ROA)
11.3%
▼ 1.2pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€14,543-€28,633€13,433▼ 53.1%€27,492▲ 105%€15,429▼ 43.9%€24,068▲ 56.0%€23,740▼ 1.4%
Net result-€15,527-€21,074within the sector's middle half€9,793within the sector's middle half▼ 53.5%€17,086within the sector's middle half▲ 74.5%€10,270within the sector's middle half▼ 39.9%€16,252within the sector's middle half▲ 58.3%€16,223within the sector's middle half▼ 0.2%
Equity€73,473-€94,546within the sector's middle half▲ 28.7%€104,339below the sector's middle half▲ 10.4%€106,426below the sector's middle half▲ 2.0%€102,695below the sector's middle half▼ 3.5%€113,147below the sector's middle half▲ 10.2%€129,370within the sector's middle half▲ 14.3%
Total assets€122,093-€131,774below the sector's middle half▲ 7.9%€149,810below the sector's middle half▲ 13.7%€151,348below the sector's middle half▲ 1.0%€129,798below the sector's middle half▼ 14.2%€129,381below the sector's middle half▼ 0.3%€143,230below the sector's middle half▲ 10.7%
Debt€48,620-€37,228▼ 23.4%€45,471▲ 22.1%€44,922▼ 1.2%€27,103▼ 39.7%€16,234▼ 40.1%€13,861▼ 14.6%
Working capital€63,019-€93,321within the sector's middle half▲ 48.1%€90,689within the sector's middle half▼ 2.8%€92,691within the sector's middle half▲ 2.2%€90,349within the sector's middle half▼ 2.5%€102,964within the sector's middle half▲ 14.0%€120,834within the sector's middle half▲ 17.4%
Solvency60.2%-71.7%above the sector's middle half▲ 11.6pp69.6%above the sector's middle half▼ 2.1pp70.3%above the sector's middle half▲ 0.7pp79.1%above the sector's middle half▲ 8.8pp87.5%above the sector's middle half▲ 8.3pp90.3%above the sector's middle half▲ 2.9pp
Current ratio2.44-3.51above the sector's middle half▲ 1.063.44above the sector's middle half▼ 0.073.29above the sector's middle half▼ 0.154.41above the sector's middle half▲ 1.127.34above the sector's middle half▲ 2.939.72above the sector's middle half▲ 2.38
Return on assets (ROA)-12.7%-16.0%above the sector's middle half▲ 28.7pp6.5%within the sector's middle half▼ 9.5pp11.3%within the sector's middle half▲ 4.8pp7.9%within the sector's middle half▼ 3.4pp12.6%within the sector's middle half▲ 4.6pp11.3%within the sector's middle half▼ 1.2pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 1% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,230
Fixed assets
€8,536 ▼ 16.2%
Current assets
€134,695 ▲ 13.0%
Equity and liabilities €143,230
Equity
€129,370 ▲ 14.3%
Debt
€13,861 ▼ 14.6%
Debt's share of the balance-sheet total falls from 12.5% to 9.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,431▲
2024 · €30,631
Cash flow
€23,914▲
2024 · €22,815
Quick ratio
9.46▲
2024 · 7.09
Debt to equity
0.11▼
2024 · 0.14
ROE
12.5%▼
2024 · 14.4%
Interest coverage
37.82▲
2024 · 34.70
Debt ≤ 1 year
€13,861▼
2024 · €16,234
Income taxes
€6,700▼
2024 · €6,961
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,184 | €885 | €3,758 | €6,044 |
| Depreciation and write-downs of the year | €5,903 | €6,092 | €6,563 | €7,691 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €124 | €1,725 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,907 | €15,095 | €5,295 | €5,903 | €6,092 | €6,563 | €7,691 | ▲ 17.2% |
| Other operating charges640/8 | - | - | - | €575 | €664 | €687 | €905 | ▲ 31.6% |
| Gross operating margin9900 | €4,986 | €44,240 | €19,293 | €33,969 | €22,184 | €31,318 | €32,336 | ▲ 3.2% |
| Operating profit (loss)9901 | -€14,543 | €28,633 | €13,433 | €27,492 | €15,429 | €24,068 | €23,740 | ▼ 1.4% |
| Financial income75/76B | - | - | - | €35 | €2 | €28 | €13 | ▼ 51.7% |
| Recurring financial income75 | €0 | €229 | €99 | €35 | €2 | €28 | €13 | ▼ 51.7% |
| Financial charges65/66B | - | - | - | €883 | €746 | €883 | €831 | ▼ 5.9% |
| Recurring financial charges65 | €616 | €1,479 | €901 | €883 | €746 | €883 | €831 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | -€15,158 | €27,383 | €12,631 | €26,644 | €14,685 | €23,213 | €22,922 | ▼ 1.3% |
| Income taxes67/77 | €369 | €6,309 | €2,838 | €9,558 | €4,416 | €6,961 | €6,700 | ▼ 3.8% |
| Profit (loss) for the period9904 | -€15,527 | €21,074 | €9,793 | €17,086 | €10,270 | €16,252 | €16,223 | ▼ 0.2% |
| Profit (loss) for the period to be appropriated9905 | -€15,527 | €21,074 | €9,793 | €17,086 | €10,270 | €16,252 | €16,223 | ▼ 0.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €122,093 | €131,774 | €149,810 | €151,348 | €129,798 | €129,381 | €143,230 | ▲ 10.7% |
| Fixed assets21/28 | €15,370 | €1,225 | €21,914 | €18,195 | €12,988 | €10,183 | €8,536 | ▼ 16.2% |
| Intangible fixed assets21 | €3,750 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €11,620 | €1,225 | €21,914 | €18,195 | €12,988 | €10,183 | €8,536 | ▼ 16.2% |
| Plant, machinery and equipment23 | - | - | - | €715 | €1,367 | €2,567 | €2,399 | ▼ 6.6% |
| Furniture and vehicles24 | - | - | - | €17,479 | €11,621 | €7,616 | €6,137 | ▼ 19.4% |
| Current assets29/58 | €106,723 | €130,549 | €127,896 | €133,153 | €116,810 | €119,198 | €134,695 | ▲ 13.0% |
| Stocks and contracts in progress3 | €4,094 | €3,201 | €5,373 | €5,334 | €7,630 | €4,057 | €3,571 | ▼ 12.0% |
| Stocks30/36 | - | - | - | €5,334 | €5,130 | €4,057 | €3,571 | ▼ 12.0% |
| Contracts in progress37 | - | - | - | - | €2,500 | - | - | - |
| Amounts receivable within one year40/41 | €33,261 | €34,114 | €44,313 | €42,394 | €20,538 | €21,228 | €37,846 | ▲ 78.3% |
| Trade receivables40 | - | - | - | €36,691 | €10,322 | €12,775 | €31,731 | ▲ 148% |
| Other amounts receivable41 | - | - | - | €5,702 | €10,216 | €8,452 | €6,115 | ▼ 27.7% |
| Cash at bank and in hand54/58 | €64,493 | €88,261 | €71,594 | €81,680 | €84,760 | €91,400 | €90,705 | ▼ 0.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,745 | €3,881 | €2,514 | €2,572 | ▲ 2.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €122,093 | €131,774 | €149,810 | €151,348 | €129,798 | €129,381 | €143,230 | ▲ 10.7% |
| Equity10/15 | €73,473 | €94,546 | €104,339 | €106,426 | €102,695 | €113,147 | €129,370 | ▲ 14.3% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €36,660 | €57,660 | €67,410 | €69,490 | €65,740 | €76,190 | €92,410 | ▲ 21.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €67,630 | €63,880 | €76,190 | €92,410 | ▲ 21.3% |
| Profit (loss) carried forward14 | €18,213 | €18,286 | €18,329 | €18,336 | €18,355 | €18,357 | €18,360 | = |
| Amounts payable17/49 | €48,620 | €37,228 | €45,471 | €44,922 | €27,103 | €16,234 | €13,861 | ▼ 14.6% |
| Amounts payable after more than one year17 | €4,916 | - | €8,227 | €4,460 | €642 | - | - | - |
| Financial debts170/4 | - | - | - | €4,460 | €642 | - | - | - |
| Amounts payable within one year42/48 | €43,704 | €37,228 | €37,207 | €40,462 | €26,461 | €16,234 | €13,861 | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,767 | €3,819 | €642 | - | - |
| Trade debts44 | €3,603 | €3,005 | €19,397 | €20,242 | €5,866 | €1,924 | €5,167 | ▲ 169% |
| Suppliers440/4 | - | - | - | €20,242 | €5,866 | €1,924 | €5,167 | ▲ 169% |
| Taxes, remuneration and social security45 | - | - | - | €2,142 | €2,145 | €2,136 | €2,714 | ▲ 27.0% |
| Taxes450/3 | - | - | - | €417 | €420 | €411 | €989 | ▲ 140% |
| Remuneration and social security454/9 | - | - | - | €1,725 | €1,725 | €1,725 | €1,725 | = |
| Other amounts payable47/48 | - | - | - | €14,311 | €14,631 | €11,532 | €5,980 | ▼ 48.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,527 | €21,074 | €9,793 | €17,086 | €10,270 | €16,252 | €16,223 | ▼ 0.2% |
| + Depreciation and write-downs630 | €18,907 | €15,095 | €5,295 | €5,903 | €6,092 | €6,563 | €7,691 | ▲ 17.2% |
| Operating cash flow (approximation) | €3,380 | €36,168 | €15,088 | €22,989 | €16,362 | €22,815 | €23,914 | ▲ 4.8% |
| Investment in fixed assets (approximation) | - | -€950 | -€25,984 | -€2,184 | -€885 | -€3,758 | -€6,044 | ▼ 60.8% |
| Change in cash | - | €23,768 | -€16,667 | €10,086 | €3,080 | €6,640 | -€695 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as BEX PETER has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of BEX PETER itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for BEX PETER. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 02-02-2026 | 2026-00033383 | |
| 30-06-2024 | abbreviated format | 24-12-2024 | 2024-00626481 | |
| 30-06-2023 | abbreviated format | 15-01-2024 | 2024-00002947 | |
| 30-06-2022 | abbreviated format | 26-01-2023 | 2023-00004614 | |
| 30-06-2021 | abbreviated format | 24-02-2022 | 2022-06200570 | |
| 30-06-2020 | abbreviated format | 25-02-2021 | 2021-06300545 | |
| 30-06-2019 | abbreviated format | 03-03-2020 | 2020-06200446 | |
| 30-06-2018 | abbreviated format | 26-02-2019 | 2019-06100083 | |
| 30-06-2017 | abbreviated format | 27-02-2018 | 2018-05700164 | |
| 30-06-2016 | abbreviated format | 27-01-2017 | 2017-03100206 |