Bnewable
ActiveSummary
The annual accounts of Bnewable for fiscal year 2025 show a net loss of 72% of the equity at the start of that year. The 2025 annual accounts show equity of €17.0m and a net result of -€2.7m. Equity is growing by ~181.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 8737 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▲+8
Solvency78▼-11
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.04 against 3.52 in 2024; short-term debt: 27.9% and cash: 44.8% of total assets), and 47.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
-8.5%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 d early
2024
77 d early
2023
65 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€17.0m▲ 353%
2024 · €3.8m
Total assets
€32.1m▲ 452%
2024 · €5.8m
Net result
-€2.7m▼ 49.4%
2024 · -€1.8m
Working capital
€18.3m▲ 606%
2024 · €2.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line202320242025
Operating result-€1.4m--€2.0m▼ 38.7%-€2.9m▼ 45.7%
Net result-€1.4mbelow the sector's middle half--€1.8mbelow the sector's middle half▼ 27.2%-€2.7mbelow the sector's middle half▼ 49.4%
Equity€3.3mabove the sector's middle half-€3.8mabove the sector's middle half▲ 12.1%€17.0mabove the sector's middle half▲ 353%
Total assets€3.5mabove the sector's middle half-€5.8mabove the sector's middle half▲ 64.7%€32.1mabove the sector's middle half▲ 452%
Debt€184,906-€2.1m▲ 1,018%€15.1m▲ 631%
Working capital€3.2m-€2.6m▼ 18.4%€18.3m▲ 606%
Solvency94.8%above the sector's middle half-64.5%within the sector's middle half▼ 30.3pp52.9%within the sector's middle half▼ 11.6pp
Staff (FTE)2.8within the sector's middle half-7.1above the sector's middle half▲ 154%16.2above the sector's middle half▲ 128%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.9m in 2025 against €2.0m 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 €32.1m
Fixed assets
€4.9m ▲ 121%
Current assets
€27.2m ▲ 653%
Equity and liabilities €32.1m
Equity
€17.0m ▲ 353%
Debt
€15.1m ▲ 631%
Debt's share of the balance-sheet total rises from 35.5% to 47.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€2.6m▼
2024 · -€1.9m
Cash flow
-€2.4m▼
2024 · -€1.7m
Current ratio
3.04▼
2024 · 3.52
Quick ratio
2.17▲
2024 · 1.55
Debt to equity
0.89▲
2024 · 0.55
ROE
-16.0%▲
2024 · -48.4%
ROA
-8.5%▲
2024 · -31.2%
Interest coverage
-12.45▲
2024 · -79.96
Debt ≤ 1 year
€9.0m▲
2024 · €1.0m
Debt > 1 year
€6.0m▲
2024 · €1.0m
Income taxes
-€45,053▼
2024 · -€29,922
Staff costs
€1.5m▲
2024 · €699,233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
0.8%
went bankrupt
3.1%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 480 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,465 | - |
| Remuneration, social security and pensions62 | €221,472 | €699,233 | €1.5m | ▲ 113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,169 | €79,255 | €324,132 | ▲ 309% |
| Other operating charges640/8 | €902 | €835 | €17,849 | ▲ 2,037% |
| Gross operating margin9900 | -€1.2m | -€1.2m | -€1.1m | ▲ 11.6% |
| Operating profit (loss)9901 | -€1.4m | -€2.0m | -€2.9m | ▼ 45.7% |
| Financial income75/76B | €8,040 | €168,585 | €349,120 | ▲ 107% |
| Recurring financial income75 | €8,040 | €76,539 | €214,162 | ▲ 180% |
| Non-recurring financial income76B | - | €92,046 | €134,958 | ▲ 46.6% |
| Financial charges65/66B | €166 | €23,900 | €207,003 | ▲ 766% |
| Recurring financial charges65 | €166 | €23,900 | €207,003 | ▲ 766% |
| Profit (loss) for the period before taxes9903 | -€1.4m | -€1.8m | -€2.8m | ▼ 49.4% |
| Income taxes67/77 | €286 | -€29,922 | -€45,053 | ▼ 50.6% |
| Profit (loss) for the period9904 | -€1.4m | -€1.8m | -€2.7m | ▼ 49.4% |
| Profit (loss) for the period to be appropriated9905 | -€1.4m | -€1.8m | -€2.7m | ▼ 49.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €3.5m | €5.8m | €32.1m | ▲ 452% |
| Fixed assets21/28 | €177,739 | €2.2m | €4.9m | ▲ 121% |
| Intangible fixed assets21 | - | €692,962 | €1.8m | ▲ 160% |
| Tangible fixed assets22/27 | €15,184 | €75,454 | €105,620 | ▲ 40.0% |
| Plant, machinery and equipment23 | - | €4,201 | €3,170 | ▼ 24.5% |
| Furniture and vehicles24 | €15,184 | €27,963 | €68,255 | ▲ 144% |
| Leasing and similar rights25 | - | €43,290 | €32,607 | ▼ 24.7% |
| Other tangible fixed assets26 | - | - | €1,589 | - |
| Financial fixed assets28 | €162,555 | €1.4m | €3.0m | ▲ 106% |
| Current assets29/58 | €3.4m | €3.6m | €27.2m | ▲ 653% |
| Amounts receivable after more than one year29 | - | - | €75,000 | - |
| Other amounts receivable291 | - | - | €75,000 | - |
| Stocks and contracts in progress3 | - | €2.0m | €7.8m | ▲ 286% |
| Stocks30/36 | - | - | €418,534 | - |
| Contracts in progress37 | - | €2.0m | €7.4m | ▲ 266% |
| Amounts receivable within one year40/41 | €202,700 | €576,088 | €4.8m | ▲ 741% |
| Trade receivables40 | €12,100 | €360,014 | €4.6m | ▲ 1,185% |
| Other amounts receivable41 | €190,600 | €216,074 | €217,965 | ▲ 0.9% |
| Current investments50/53 | €1.1m | €38,241 | €20,859 | ▼ 45.5% |
| Cash at bank and in hand54/58 | €2.0m | €937,881 | €14.4m | ▲ 1,434% |
| Deferred charges and accrued income490/1 | €26,547 | €45,459 | €116,548 | ▲ 156% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €3.5m | €5.8m | €32.1m | ▲ 452% |
| Equity10/15 | €3.3m | €3.8m | €17.0m | ▲ 353% |
| Contributions10/11 | €4.8m | €6.8m | €22.8m | ▲ 236% |
| Capital10 | €349,250 | - | - | - |
| Issued capital100 | €349,250 | - | - | - |
| Outside capital11 | €4.4m | - | - | - |
| Share premium1100/10 | €4.4m | - | - | - |
| Reserves13 | - | €38,241 | €20,859 | ▼ 45.5% |
| Non-distributable reserves130/1 | - | €38,241 | €20,859 | ▼ 45.5% |
| Own shares acquired1312 | - | €38,241 | €20,859 | ▼ 45.5% |
| Profit (loss) carried forward14 | -€1.4m | -€3.2m | -€6.0m | ▼ 83.7% |
| Investment grants15 | - | €190,371 | €162,904 | ▼ 14.4% |
| Amounts payable17/49 | €184,906 | €2.1m | €15.1m | ▲ 631% |
| Amounts payable after more than one year17 | - | €1.0m | €6.0m | ▲ 485% |
| Financial debts170/4 | - | €1.0m | €6.0m | ▲ 485% |
| Amounts payable within one year42/48 | €184,906 | €1.0m | €9.0m | ▲ 773% |
| Current portion of amounts payable after more than one year42 | - | €13,053 | €13,631 | ▲ 4.4% |
| Financial debts43 | €908 | €4,370 | €6,224 | ▲ 42.4% |
| Credit institutions430/8 | €908 | €4,370 | €6,224 | ▲ 42.4% |
| Trade debts44 | €159,166 | €830,585 | €2.8m | ▲ 235% |
| Suppliers440/4 | €159,166 | €830,585 | €2.8m | ▲ 235% |
| Advances received on contracts in progress46 | - | - | €5.9m | - |
| Taxes, remuneration and social security45 | €24,833 | €65,603 | €147,713 | ▲ 125% |
| Taxes450/3 | - | - | €979 | - |
| Remuneration and social security454/9 | €24,833 | €65,603 | €146,734 | ▲ 124% |
| Other amounts payable47/48 | - | €113,918 | €113,948 | = |
| Accrued charges and deferred income492/3 | - | €12,131 | €140,566 | ▲ 1,059% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.4m | -€1.8m | -€2.7m | ▼ 49.4% |
| + Depreciation and write-downs630 | €2,169 | €79,255 | €324,132 | ▲ 309% |
| Operating cash flow (approximation) | -€1.4m | -€1.7m | -€2.4m | ▼ 37.6% |
| Investment in fixed assets (approximation) | - | -€2.1m | -€3.0m | ▼ 41.7% |
| Change in cash | - | -€1.1m | €13.4m | ▲ 1,337% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€2.7m
Net result drops to -€2.7m, the lowest in the series.
31-12
Financial
Equity above €10mEq €17.0m ▲353%
Equity rises from €3.8m to €17.0m.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
18 acts for this company are 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, Mechelen · 1 establishment unit since 2022
Ground area
1.3 ha
Building footprint
792 m²
Volume, LiDAR
5,828 m³
Parcel 12403D0148/00G000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Bnewable
since 20222.338.044.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0148/00G000 | Flanders | 1.3 ha | 1 · 792 m² | 11.2 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.
Structure & network
Owners and holdings
1 owner · 4 holdingsOwners 1
-
22.5%
Holdings 4
- Bnewable AssetcosubsidiarySourceown accounts 2025100%
-
100%
- Bnewable GmbHDEsubsidiarySourceown accounts 202592.5%
-
25%
According to the 2025 annual accounts of Bnewable 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 5,016 EUR awarded · 5,016 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 5,016 EUR | 5,016 EUR |
Schemes
Federal government
2024 · 1 entry · 427,621 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Economie | 1 | 427,621 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500U0KVY64NBXIU53
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 4,608 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
Founded20-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
35130Electricity, gas, steam and air conditioning supply
35140Electricity, gas, steam and air conditioning supply
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792697955
Also
9925:BE0792697955
Registered
19-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.