BEYAERT
ActiveSummary
BEYAERT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.4m) and a net result of -€1.6m. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 7% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-19
Solvency14▼-8
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.02 against 1.08 in 2024; short-term debt: 98.1% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 · 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
-11.1%
Return on assets
-7.5%
Age of the figures
9 mo
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 -€2.4m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
37 d early
2023
44 d early
2022
23 d late
2021
11 d late
2020
2 d early
2019
66 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 on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 15 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.6m
2024 · €1,421
Working capital
€419,131▼ 76.7%
2024 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20212022202320242025
Operating result€17,398-€6,456€861,265€1,391▼ 99.8%-€1.6m
Net result€17,916within the sector's middle half-€6,797below the sector's middle half€861,263above the sector's middle half€1,421within the sector's middle half▼ 99.8%-€1.6mbelow the sector's middle half
Equity-€1.6mbelow the sector's middle half▲ 1.1%-€1.6mbelow the sector's middle half▼ 0.4%-€779,425below the sector's middle half▲ 52.5%-€778,004below the sector's middle half▲ 0.2%-€2.4mbelow the sector's middle half▼ 210%
Total assets€13.6mabove the sector's middle half▲ 243%€27.4mabove the sector's middle half▲ 102%€17.2mabove the sector's middle half▼ 37.4%€23.2mabove the sector's middle half▲ 35.2%€21.8mabove the sector's middle half▼ 6.3%
Debt€15.2m▲ 171%€29.1m▲ 91.3%€18.0m▼ 38.2%€24.0m▲ 33.7%€24.2m▲ 0.7%
Working capital€3.0mabove the sector's middle half▲ 249%€5.1mabove the sector's middle half▲ 68.9%€2.7mabove the sector's middle half▼ 46.9%€1.8mabove the sector's middle half▼ 33.1%€419,131within the sector's middle half▼ 76.7%
Solvency-12.0%below the sector's middle half▲ 29.8pp-6.0%below the sector's middle half▲ 6.1pp-4.5%below the sector's middle half▲ 1.4pp-3.3%below the sector's middle half▲ 1.2pp-11.1%below the sector's middle half▼ 7.7pp
Current ratio1.28within the sector's middle half▲ 0.011.23within the sector's middle half▼ 0.061.19within the sector's middle half▼ 0.041.08below the sector's middle half▼ 0.101.02below the sector's middle half▼ 0.06
Return on assets (ROA)0.1%below the sector's middle half▲ 0.2pp0.0%below the sector's middle half▼ 0.2pp5.0%within the sector's middle half▲ 5.0pp0.0%within the sector's middle half▼ 5.0pp-7.5%below the sector's middle half▼ 7.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1.6m after €1,391 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.8m
Fixed assets
€516 ▼ 49.2%
Current assets
€21.8m ▼ 6.3%
Key figures and ratios
Quick ratio
0.00▼
2024 · 0.02
Debt to equity
-10.04▲
2024 · -30.87
Debt ≤ 1 year
€21.4m▼
2024 · €21.4m
Debt > 1 year
€2.8m▲
2024 · €2.6m
Income taxes
€387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 129 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- negative equity
- a small loss
1.6%
went bankrupt
2.3%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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%.
| 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 129 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1.4m | - |
| Other operating charges640/8 | €405 | €616 | €953 | €0 | €49,763 | - |
| Gross operating margin9900 | €17,803 | -€5,840 | €862,218 | €1,391 | -€146,332 | ▼ 10,620% |
| Operating profit (loss)9901 | €17,398 | -€6,456 | €861,265 | €1,391 | -€1.6m | ▼ 115,920% |
| Financial income75/76B | €956 | €0 | - | €30 | €0 | ▼ 100.0% |
| Recurring financial income75 | €956 | €0 | - | €30 | €0 | ▼ 100.0% |
| Financial charges65/66B | €439 | €341 | €2 | €0 | €19,910 | ▲ 5,105,110% |
| Recurring financial charges65 | €439 | €341 | €2 | €0 | €19,910 | ▲ 5,105,110% |
| Profit (loss) for the period before taxes9903 | €17,916 | -€6,797 | €861,263 | €1,421 | -€1.6m | ▼ 114,905% |
| Income taxes67/77 | - | - | - | - | €387 | - |
| Profit (loss) for the period9904 | €17,916 | -€6,797 | €861,263 | €1,421 | -€1.6m | ▼ 114,933% |
| Profit (loss) for the period to be appropriated9905 | €17,916 | -€6,797 | €861,263 | €1,421 | -€1.6m | ▼ 114,933% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.6m | €27.4m | €17.2m | €23.2m | €21.8m | ▼ 6.3% |
| Fixed assets21/28 | €1,016 | €1,016 | €1,016 | €1,016 | €516 | ▼ 49.2% |
| Financial fixed assets28 | €1,016 | €1,016 | €1,016 | €1,016 | €516 | ▼ 49.2% |
| Current assets29/58 | €13.6m | €27.4m | €17.2m | €23.2m | €21.8m | ▼ 6.3% |
| Stocks and contracts in progress3 | €11.4m | €23.5m | €16.8m | €22.7m | €21.8m | ▼ 4.2% |
| Stocks30/36 | €11.4m | €23.5m | €16.8m | €22.7m | €21.8m | ▼ 4.2% |
| Amounts receivable within one year40/41 | €492,387 | €881,374 | €428,631 | €505,114 | €8,922 | ▼ 98.2% |
| Trade receivables40 | €220,033 | €881,374 | €428,631 | €202,112 | €8,922 | ▼ 95.6% |
| Other amounts receivable41 | €272,354 | €0 | - | €303,002 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1.6m | €3.0m | €0 | - | - | - |
| Deferred charges and accrued income490/1 | €25,597 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.6m | €27.4m | €17.2m | €23.2m | €21.8m | ▼ 6.3% |
| Equity10/15 | -€1.6m | -€1.6m | -€779,425 | -€778,004 | -€2.4m | ▼ 210% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Capital10 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Issued capital100 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Profit (loss) carried forward14 | -€2.1m | -€2.1m | -€1.3m | -€1.3m | -€2.9m | ▼ 128% |
| Amounts payable17/49 | €15.2m | €29.1m | €18.0m | €24.0m | €24.2m | ▲ 0.7% |
| Amounts payable after more than one year17 | €4.6m | €6.7m | €3.5m | €2.6m | €2.8m | ▲ 9.8% |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Other amounts payable178/9 | €4.6m | €6.7m | €3.5m | €2.6m | €2.8m | ▲ 9.8% |
| Amounts payable within one year42/48 | €10.6m | €22.4m | €14.5m | €21.4m | €21.4m | ▼ 0.4% |
| Trade debts44 | €1.7m | €1.1m | €1.9m | €2.1m | €86,162 | ▼ 96.0% |
| Suppliers440/4 | €1.7m | €1.1m | €1.9m | €2.1m | €86,162 | ▼ 96.0% |
| Advances received on contracts in progress46 | €8.9m | €21.2m | €12.5m | €19.3m | €21.2m | ▲ 10.0% |
| Taxes, remuneration and social security45 | - | €88,599 | €132,222 | €0 | €63,986 | - |
| Taxes450/3 | - | €88,599 | €132,222 | €0 | €63,986 | - |
| Other amounts payable47/48 | - | - | €7,775 | €7,775 | €3,888 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,916 | -€6,797 | €861,263 | €1,421 | -€1.6m | ▼ 114,933% |
| Operating cash flow (approximation) | €17,916 | -€6,797 | €861,263 | €1,421 | -€1.6m | ▼ 114,933% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €500 | - |
| Change in cash | - | €1.4m | -€3.0m | - | - | - |
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
16-09
State Gazette act
Permanent representatives: Robin Huybrechts and Frederic PoesenResignation: Adel Yahia Consult BV (director) · Reappointment: KB Financial Services BV (director) · Director discharge7 facts ▸
State Gazette act
Permanent representatives: Robin Huybrechts and Frederic Poesen
Resignation: Adel Yahia Consult BV (director) · Reappointment: KB Financial Services BV (director) · Director discharge7 facts ▸
- General meeting, 08-07-2026
- Permanent representative, Robin Huybrechts (permanent representative)
- Permanent representative, Frederic Poesen (permanent representative)
- Director resignation, Adel Yahia Consult BV (director)
- Director discharge, Adel Yahia Consult BV
- Power of attorney, B-docs BV
- Director reappointment, KB Financial Services BV (director)
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €861,263
Net result €861,263 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Back to profitnet €17,916
Net result €17,916 after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 43 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 20 acts read
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 1 has been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
KB Financial Services BV
CurrentDirector · Legal entity · perm. rep.: Karel Breda
Permanent representatives 1
Karel Breda
CurrentPermanent representative · for KB Financial Services BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
19 of this company's 20 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2011
Ground area
6,482 m²
Building footprint
4,827 m²
Volume, LiDAR
188,668 m³
Parcel 21812N1468/00B000, Brussels · tallest building 74.9 m, ±8 floors. Linked by address, not a title deed.
105
companies at this address
See who is registered here
1 establishment unit
BEYAERT
since 20112.246.290.069
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1468/00B000 | Brussels | 6,482 m² | 1 · 4,827 m² | 74.9 m · 8 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KB Financial Services BV |
|
| ADEL YAHIA CONSULT |
|
Structure & network
Part of the group
A³ Capital
43 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- A³ Capital
- "IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE" OU "IMMOBILIEN VENNOOTSCHAP VAN BELGIE"
- BEYAERT
Highest known parent: A³ Capital. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of BEYAERT and those 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Of 2,456 companies in sector 41003 we hold annual accounts for 1,058. 719 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
Founded12-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837807014
Also
9925:BE0837807014
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.