Financials
- Financial year
- 2025
- Turnover
- €45.8m
- Profit
- €977,658
- Solvency
- 12.6%
Turnover▲ 8.2%
Net result
20192025
BDO BELGIUM
ActiveSummary
BDO BELGIUM has been active since 1970 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.3m and a net result of €977,658. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 16% of 3,811 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Activity
Business and other management consultancy
NACE 70200Activities of head offices NACE 70100
3rd oldest company in Zaventem, Professional and technical services sector10 sites
Size
€45.8mturnover 2025
- Staff
- 129.1 FTE
- Equity
- €11.3m
- Profit
- €977,658
Standalone figures, without subsidiaries
Structure
- Parent
- Michaël Delbeke Bedrijfsrevisor · 100%
- Board
- 12 members
- Holdings
- 12
- Vlacon BVCEO · permanent representative Peter Van Laer
Auditor: Moore AuditAccounts 9 days early
Why 80raises riskLiquidity: current ratio 0.77, cash €196,606, halvedEquity €11.3m (12.6% of total assets)lowers riskSize: turnover €45.8m, 129.1 FTE, total assets €89.2m, files consolidated accountsSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Score 2025
80
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 39% of its sector peers (NACE 70, medium-sized)
Financial strength · tick = 2024
Weak
Solvency
38=
equity 12.6% of total assets
Liquidity
25-2
short-term debt 50.2% · cash 0.2%
Profitability
55=
return on assets 1.1%
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%lowest value
12-2024: 0.5%● unchanged vs 11-2024
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%▼ -0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.5%▼ -0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.77, compared with 0.76 in 2024, below 1; short-term debt: 50.2% and cash: 0.2% of total assets), and 87.4% of the assets are financed with debt and provisions.
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 70, medium-sized): better than 12% on solvency, 12% on liquidity, 59% on profitability and 72% on growth.
The bankruptcy probability was computed on 16-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3811 sector peers (2025).
NBB · sector comparisonPosition among 3811 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
9 days early
2024
7 days early
2023
13 days early
2022
17 days early
2021
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 11 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 21 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end16-10-2026 today30-04-2027 deadline
- Capital & shares · Amendment of…Capital increase · Power of…
- Reappointment: Moore Audit (commissaris en consolidatie…Resignation: VLACON BV (exco lid)…
- Annual accounts filedfinancial year 2025 · full…
Key points
- Positive: 6 years of growth in a rowturnover 2025: €45.8m 6 years View
- Positive: 3rd oldest company in Zaventem, Professional and technical services sectorin the Checked rankings No. 3 View
- Controlled by Michaël Delbeke Bedrijfsrevisorthe company in turn controls 6 companies 100% View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
- Active since 1970founded 07-12-1970 55 years View
By topic
Board & ownership
- Board
- 12 members
- Parent
- Michaël Delbeke Bedrijfsrevisor · 100%
- Auditor
- Moore Audit
- Vlacon BVCEO
- Veerle CatryDirector
- ELLEN LOMBAERTSDirector
- Frederik De Roo BelastingconsulentDirector
- H. Herijgers & C° BVDirector
and 7 other directors
Network & group
- Subsidiaries
- 6
- Holdings
- 12
- Connected companies
- 7
- Mergers and asset contributions
- 3
12 holdings
Timeline
- Events
- 90
- Since
- 1978
- Next accounts
- by 30-04-2027
- 21-04-2026Annual accounts filed
- 14-10-2025Resignations: TriAs Beheer, VLACON and 6 others
- 14-07-2025Resignation: Frederik De Roo Belastingconsulent CommV (director)
Company details
- Sites
- 10
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 07-12-1970
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 4
- Purpose
- “Het oprichten van, het deelnemen in, het samenwerken met, het financieren van, het zich op…” (deed in Dutch)
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