Checked.be
Active
BE 0848.328.940Private limited company
BEKAERT SEALS
Oostnieuwkerksesteenweg 31 ·8800 Roeselare, Belgium· 14 yrs active
Sector: Wholesale trade
(46645)
Conclusion
BEKAERT SEALS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305k and a net result of €81k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 49% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €305k |
| Net result | €81k |
| Better than sector | 49% |
| Active | 14 yrs |
Financial profile
83
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
100
Solvency
79
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€25k
estimate, not credit advice
Score history
70
2021
78
2022
81
2023
84
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.75 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.01 (≥ 1.0)
+5
Leverage
Debt/equity 1.45 (< 2.0)
+3
Profitability
ROE 26% (≥ 10%)
+10
Interest coverage
Interest coverage 11.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-03-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~18%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.9% | 42.6% | |
| Net result | €81k | €6k | |
| Equity | €305k | €60k | |
| Gross operating margin | €172k | €29k | |
| Total assets | €746k | €175k |
€169k
-7.6%
21-25
€81k
-20.3%
21-25
€118k
-14.4%
21-25
€746k
-9.0%
21-25
€305k
+11.2%
21-25
€88k
+79.9%
21-25
€37k
+6.1%
21-25
€50k
0.0%
21-25
€441k
-19.1%
21-25
€117k
-39.2%
21-25
€321k
-2.2%
21-25
1.75
+39.6%
21-25
1.01
+20.3%
21-25
40.9%
+22.2%
21-25
1.45
-27.3%
21-25
26.5%
-28.3%
21-25
10.8%
-12.4%
21-25
11.70
-26.0%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €169k | €182k | €167k | €129k | €137k |
| Net profit | €81k | €101k | €91k | €76k | €131k |
| Cash flow | €118k | €137k | €123k | €103k | €157k |
| Staff costs | - | - | - | - | - |
| Income taxes | €37k | €35k | €33k | €19k | €20k |
| Dividends | €50k | €50k | €50k | €50k | €50k |
| Total assets | €746k | €819k | €752k | €716k | €755k |
| Equity | €305k | €274k | €223k | €182k | €156k |
| Debt | €441k | €545k | €529k | €534k | €598k |
| of which ≤ 1y | €117k | €193k | €157k | €130k | €147k |
| of which > 1y | €321k | €328k | €372k | €405k | €451k |
| Working capital | €88k | €49k | €53k | €51k | €64k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.75 | 1.25 | 1.34 | 1.40 | 1.44 |
| Quick ratio | 1.01 | 0.84 | 0.89 | 1.03 | 1.18 |
| Working capital ratio | 11.8% | 6.0% | 7.1% | 7.2% | 8.5% |
| Solvency | 40.9% | 33.5% | 29.7% | 25.4% | 20.7% |
| Debt / equity | 1.45 | 1.99 | 2.37 | 2.94 | 2.89 |
| Long-term debt ratio | 1.05 | 1.20 | 1.67 | 2.22 | 2.89 |
| Interest coverage | 11.70 | 15.81 | 14.26 | 9.97 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 10.8% | 12.4% | 12.1% | 10.6% | 17.3% |
| ROE | 26.5% | 36.9% | 40.8% | 41.6% | 83.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €746k | €819k | €752k | €716k | €755k |
| Fixed assets | 21/28 | €540k | €577k | €541k | €535k | €543k |
| Intangible fixed assets | 21 | €780 | €6k | €6k | €1k | €2k |
| Tangible fixed assets | 22/27 | €539k | €572k | €536k | €534k | €542k |
| Current assets | 29/58 | €205k | €242k | €210k | €181k | €211k |
| Stocks & contracts in progress | 3 | €87k | €80k | €70k | €48k | €38k |
| Amounts receivable within one year | 40/41 | €97k | €154k | €122k | €90k | €142k |
| Investments | 50/53 | €1k | - | - | - | - |
| Cash & bank | 54/58 | €20k | €7k | €16k | €42k | €27k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €746k | €819k | €752k | €716k | €755k |
| Equity | 10/15 | €305k | €274k | €223k | €182k | €156k |
| Contributions / capital | 10/11 | €75k | €75k | €75k | €75k | - |
| Accumulated profits (losses) | 14 | €229k | €199k | €147k | €106k | €81k |
| Amounts payable | 17/49 | €441k | €545k | €529k | €534k | €598k |
| Amounts payable after one year | 17 | €321k | €328k | €372k | €405k | €451k |
| Amounts payable within one year | 42/48 | €117k | €193k | €157k | €130k | €147k |
| Trade debts payable within one year | 44 | €19k | €69k | €21k | €15k | €30k |
| Income statement | ||||||
| Gross operating margin | 9900 | €172k | €187k | €171k | €133k | €143k |
| Operating result | 9901 | €131k | €146k | €135k | €102k | €111k |
| Financial income | 75 | €935 | €2k | €720 | €2k | €3k |
| Financial charges | 65 | €14k | €12k | €12k | €13k | €24k |
| Result before taxes | 9903 | €118k | €136k | €124k | €94k | €90k |
| Income taxes | 67/77 | €37k | €35k | €33k | €19k | €20k |
| Net result for the period | 9904 | €81k | €101k | €91k | €76k | €71k |
| Result to be appropriated | 9905 | €81k | €101k | €91k | €76k | €71k |
Legal Structure
| NACE primary | Wholesale trade(46645) |
| Legal form | Private limited company(610) |
| Incorporation | 30-08-2012 |
| Status | Active |
| Postal code | 8800 |
Establishment units
BEKAERT SEALS
since 20122.212.141.121
BEKAERT SEALS
since 20232.352.918.904
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505A0671/00E000 | Flanders | 9,026 m² | 1 · 1,228 m² | 8.6 m · 2 fl. |
| 36504D0747/00V003 | Flanders | 1,037 m² | 1 · 268 m² | 6.4 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200kEq €223k ▲22.5%
3 profitable years in a row build equity to €223k.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €76k ▼42.2%
Net result drops to €76k, the lowest in the series; recovery starts the following year.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale trade46645
Names & trade names
| Legal nameNL | BEKAERT SEALS |
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