LE BESTIN
ActiveLE BESTIN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.90M and a net result of €204k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▲+30
Solvency32▼-2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.05 in 2024; short-term debt: 48.5% and cash: 3.9% of total assets), and 93.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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
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
6.9%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 111 sector peers (2025).
NBB · sector comparisonPosition among 111 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
49 d early
2023
8 d late
2022
21 d late
2021
4 d early
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.90M▲ 12.0%
2024 · €1.70M
2018: €3.14M
2019: €2.85M
2020: €3.10M
2021: €3.16M
2022: €3.05M
2023: €2.33M
2024: €1.70M
2018 → 2025
Total assets
€27.48M▲ 53.4%
2024 · €17.92M
2018: €11.78M
2019: €13.32M
2020: €13.83M
2021: €15.99M
2022: €13.64M
2023: €13.31M
2024: €17.92M
2018 → 2025
Net result
€204k
2024 · €-639k
2018: €-85k
2019: €-282k
2020: €-556k
2021: €66k
2022: €-118k
2023: €-710k
2024: €-639k
2018 → 2025
Working capital
€-11.56M▼ 5.4%
2024 · €-10.97M
2018: €-8.12M
2019: €-8.49M
2020: €-9.15M
2021: €-9.12M
2022: €-8.59M
2023: €-9.74M
2024: €-10.97M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.16M-€3.05M▼ 3.7%€2.33M▼ 23.3%€1.70M▼ 27.4%€1.90M▲ 12.0%
Operating result€50k-€-775k€-695k▲ 10.2%€-602k▲ 13.5%€508k
Net result€66k-€-118k€-710k▼ 501%€-639k▲ 10.0%€204k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €508k after a loss of €602k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.48M
Fixed assets
€25.71M▲ 48.2%
Current assets
€1.77M▲ 211%
Equity and liabilities €27.48M
Equity
€1.90M▲ 12.0%
Debt
€25.58M▲ 57.7%
The debt ratio rises from 90.5% to 93.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€899k▲
2024 · €-459k
Cash flow
€595k▲
2024 · €-496k
Solvency
6.9%▼
2024 · 9.5%
Current ratio
0.13▲
2024 · 0.05
Quick ratio
0.13▲
2024 · 0.05
Debt / equity
13.47▲
2024 · 9.57
ROE
10.7%▲
2024 · -37.7%
ROA
0.7%▲
2024 · -3.6%
Interest coverage
2.87▲
2024 · -11.62
Debt
€25.58M▲
2024 · €16.22M
Debt ≤ 1 year
€13.33M▲
2024 · €11.54M
Debt > 1 year
€12.25M▲
2024 · €4.68M
Staff costs
€140k▼
2024 · €165k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€17.92M€27.48M▲
Fixed assets21/28€17.35M€25.71M▲
Tangible fixed assets22/27€17.35M€25.71M▲
Land and buildings22€17.23M€25.53M▲
Plant, machinery and equipment23€72k€70k▼
Furniture and vehicles24€48k€109k▲
Current assets29/58€570k€1.77M▲
Amounts receivable within one year40/41€544k€678k▲
Trade receivables40€130k€614k▲
Other amounts receivable41€414k€64k▼
Cash at bank and in hand54/58€2k€1.07M▲
Deferred charges and accrued income490/1€24k€28k▲
Equity and liabilities
Total equity and liabilities10/49€17.92M€27.48M▲
Equity10/15€1.70M€1.90M▲
Contributions10/11€1.55M€1.55M=
Capital10€1.55M€1.55M=
Issued capital100€1.55M€1.55M=
Revaluation surpluses12€3.15M€3.15M=
Reserves13€13k€13k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Profit (loss) carried forward14€-3.01M€-2.81M▲
Amounts payable17/49€16.22M€25.58M▲
Amounts payable after more than one year17€4.68M€12.25M▲
Financial debts170/4€4.68M€12.25M▲
Amounts payable within one year42/48€11.54M€13.33M▲
Current portion of amounts payable after more than one year42€46k€46k▲
Trade debts44€20k€403k▲
Suppliers440/4€20k€403k▲
Taxes, remuneration and social security45€96k€253k▲
Taxes450/3€78k€241k▲
Remuneration and social security454/9€18k€11k▼
Other amounts payable47/48€11.38M€12.63M▲
Income statement
Code20242025
Remuneration, social security and pensions62€165k€140k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€391k▲
Other operating charges640/8€25k€20k▼
Gross operating margin9900€-269k€1.06M▲
Operating profit (loss)9901€-602k€508k▲
Financial income75/76B€2k€9k▲
Recurring financial income75€2k€9k▲
Financial charges65/66B€39k€313k▲
Recurring financial charges65€39k€313k▲
Profit (loss) for the period before taxes9903€-639k€204k▲
Profit (loss) for the period9904€-639k€204k▲
Profit (loss) for the period to be appropriated9905€-639k€204k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.01M€-2.81M▲
Profit (loss) brought forward from the previous period14P€-2.37M€-3.01M▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Permanent representative5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Permanent representative5 facts ▸
- General meeting, 2026-08-25
- Director reappointment, JL Square (administrateur)
- Director reappointment, Céline GHINS (administrateur)
- Permanent representative, Jérôme Lhoist
- Statutes amendment
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
31-12
Financial
Back to profitnet €204k
Net result €204k after 3 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Weakest financial yearnet €-710k
Net result drops to €-710k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €66k
Net result €66k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Céline Ghins
CurrentDirector · since 25-08-2026
JL SQUARE
CurrentDirector · since 25-08-2026 · Private limited company · perm. rep.: Jérôme Lhoist
25-08-2026
Céline Ghins: Mandate renewed as Director
25-08-2026
JL SQUARE: Mandate renewed as Director
Location & real-estate footprint
Registered office, Waterloo · 2 establishment units since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Tervuren 3891410 WaterlooGround area
7,817 m²
Building footprint
955 m²
Volume, LiDAR
2,211 m³
2 parcels, Wallonia · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Le-Bestin, Resteigne ., 6927 Tellin
since 20152.245.189.615
Bestin,Transinne 4, 6890 Libin
since 20262.384.651.958
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0362/00B000 | Wallonia | 7,205 m² | 1 · 347 m² | 10.5 m · 2 fl. |
| 84070C0001/00H005 | Wallonia | 612 m² | 1 · 608 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
6 connected companiesLinked via shared directors
viaCéline Ghins · Director
→
Network connections
Shared director
→
Shared director
→
Shared director
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Shared director
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Show 1 more network connections
Shared director
→
Ownership & control
2 partiesControl over this companysits on this company's board1
2 subsidiaries · 1 location
controls
LE BESTINBE 0434.877.823
controls
Where this company holds controlthis company sits on their board1
1 location
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GROUPOF
BE 0885.821.915
Gouvy · Eq €1.79M
EUROBOIS
BE 0432.759.956
Fauvillers · Eq €2.05M
LOMAX
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Quévy · Eq €1.74M
Of 1,556 companies in sector 02200 we hold annual accounts for 449. 248 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-07-1988
Fiscal year end31-12
Activities, NACEBEL
02012
02200Logging
68204Real estate activities
01700Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.