BINET
ActiveSummary
For BINET, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €679k and a net result of €627k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 6143 sector peers (fiscal year 2023). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+97
Solvency95▲+64
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
69.8%
Return on assets
64.4%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-10-2024, 64 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
not confirmed
2024
not filed
2023
64 d late
2022
70 d late
2021
31 d late
2020
30 d late
2019
102 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€627k
2022 · €-580k
2018: €-350k
2019: €-394k▼ -12.5% vs 2018
2020: €623k▲ +258% vs 2019
2021: €581k▼ -6.7% vs 2020
2022: €-580k▼ -200% vs 2021lowest in 6 years
2023: €627k▲ +208% vs 2022highest in 6 years
2018 → 2023
Working capital
€-271k▲ 91.9%
2022 · €-3.36M
2018: €-1.25M
2019: €-1.68M▼ -34.2% vs 2018
2020: €-327k▲ +80.6% vs 2019
2021: €517k▲ +258% vs 2020highest in 6 years
2022: €-3.36M▼ -749% vs 2021lowest in 6 years
2023: €-271k▲ +91.9% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-330k-€293k€874k▲ 198%€294k▼ 66.3%€679k▲ 131%
2019: €-330klowest in 5 years
2020: €293k▲ +189% vs 2019
2021: €874k▲ +198% vs 2020highest in 5 years
2022: €294k▼ -66.3% vs 2021
2023: €679k▲ +131% vs 2022
Operating result€-291k-€724k€656k▼ 9.4%€-512k€663k
2019: €-291k
2020: €724k▲ +349% vs 2019highest in 5 years
2021: €656k▼ -9.4% vs 2020
2022: €-512k▼ -178% vs 2021lowest in 5 years
2023: €663k▲ +230% vs 2022
Net result€-394k-€623k€581k▼ 6.7%€-580k€627k
2019: €-394k
2020: €623k▲ +258% vs 2019
2021: €581k▼ -6.7% vs 2020
2022: €-580k▼ -200% vs 2021lowest in 5 years
2023: €627k▲ +208% vs 2022highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €663k after a loss of €512k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €973k
Fixed assets
€950k ▼ 74.0%
Current assets
€23k ▼ 97.5%
Equity and liabilities €973k
Equity
€679k ▲ 131%
Debt
€294k ▼ 93.2%
Debt's share of the balance-sheet total falls from 93.6% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.08▼
2022 · 0.22
Debt to equity
0.43▼
2022 · 14.60
ROE
92.3%▲
2022 · -196.9%
ROA
64.4%▲
2022 · -12.6%
Debt ≤ 1 year
€294k▼
2022 · €4.30M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 39 lines
Balance sheet
Code20222023
Assets
Total assets20/58€4.59M€973k▼
Fixed assets21/28€3.65M€950k▼
Tangible fixed assets22/27€2.70M-
Land and buildings22€2.70M-
Plant, machinery and equipment23€5k-
Financial fixed assets28€950k€950k=
Current assets29/58€942k€23k▼
Amounts receivable within one year40/41€16k€22k▲
Trade receivables40-€6k
Other amounts receivable41€16k€16k▲
Cash at bank and in hand54/58€926k€1k▼
Equity and liabilities
Total equity and liabilities10/49€4.59M€973k▼
Equity10/15€294k€679k▲
Contributions10/11€304k€62k▼
Capital10€304k€62k▼
Issued capital100€304k€62k▼
Reserves13€31k€31k=
Non-distributable reserves130/1€31k€31k=
Legal reserve130€31k€31k=
Profit (loss) carried forward14€-40k€586k▲
Amounts payable17/49€4.30M€294k▼
Amounts payable within one year42/48€4.30M€294k▼
Current portion of amounts payable after more than one year42€2.65M-
Financial debts43€65k-
Credit institutions430/8€65k-
Trade debts44€401k€290k▼
Suppliers440/4€401k€290k▼
Other amounts payable47/48€1.18M€5k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€182k-
Other operating charges640/8€67k€20k▼
Gross operating margin9900€-263k€683k▲
Operating profit (loss)9901€-512k€663k▲
Financial charges65/66B€68k€37k▼
Recurring financial charges65€68k€37k▼
Profit (loss) for the period before taxes9903€-580k€627k▲
Profit (loss) for the period9904€-580k€627k▲
Profit (loss) for the period to be appropriated9905€-580k€627k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€586k▲
Profit (loss) brought forward from the previous period14P€539k€-40k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140k | €133k | €123k | €182k | - | - |
| Other operating charges640/8 | - | - | €66k | €67k | €20k | ▼ 70.7% |
| Gross operating margin9900 | €-74k | €935k | €845k | €-263k | €683k | ▲ 360% |
| Operating profit (loss)9901 | €-291k | €724k | €656k | €-512k | €663k | ▲ 230% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | €75k | €68k | €37k | ▼ 45.9% |
| Recurring financial charges65 | €103k | €102k | €75k | €68k | €37k | ▼ 45.9% |
| Profit (loss) for the period before taxes9903 | €-394k | €623k | €581k | €-580k | €627k | ▲ 208% |
| Profit (loss) for the period9904 | €-394k | €623k | €581k | €-580k | €627k | ▲ 208% |
| Profit (loss) for the period to be appropriated9905 | €-394k | €623k | €581k | €-580k | €627k | ▲ 208% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.47M | €3.55M | €4.24M | €4.59M | €973k | ▼ 78.8% |
| Fixed assets21/28 | €3.99M | €3.08M | €2.88M | €3.65M | €950k | ▼ 74.0% |
| Tangible fixed assets22/27 | €3.99M | €3.08M | €2.88M | €2.70M | - | - |
| Land and buildings22 | - | - | €2.88M | €2.70M | - | - |
| Plant, machinery and equipment23 | - | - | €7k | €5k | - | - |
| Financial fixed assets28 | - | - | - | €950k | €950k | = |
| Current assets29/58 | €477k | €474k | €1.36M | €942k | €23k | ▼ 97.5% |
| Amounts receivable within one year40/41 | €476k | €474k | €10k | €16k | €22k | ▲ 39.0% |
| Trade receivables40 | - | - | - | - | €6k | - |
| Other amounts receivable41 | - | - | €10k | €16k | €16k | ▲ 1.7% |
| Cash at bank and in hand54/58 | €59 | €21 | €1.35M | €926k | €1k | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.47M | €3.55M | €4.24M | €4.59M | €973k | ▼ 78.8% |
| Equity10/15 | €-330k | €293k | €874k | €294k | €679k | ▲ 131% |
| Contributions10/11 | €304k | €304k | €304k | €304k | €62k | ▼ 79.8% |
| Capital10 | - | - | €304k | €304k | €62k | ▼ 79.8% |
| Issued capital100 | - | - | €304k | €304k | €62k | ▼ 79.8% |
| Reserves13 | €31k | €31k | €31k | €31k | €31k | = |
| Non-distributable reserves130/1 | - | - | €31k | €31k | €31k | = |
| Legal reserve130 | - | - | €31k | €31k | €31k | = |
| Profit (loss) carried forward14 | €-665k | €-42k | €539k | €-40k | €586k | ▲ 1,550% |
| Amounts payable17/49 | €4.80M | €3.26M | €3.37M | €4.30M | €294k | ▼ 93.2% |
| Amounts payable after more than one year17 | €2.64M | €2.46M | €2.53M | - | - | - |
| Financial debts170/4 | - | - | €2.53M | - | - | - |
| Amounts payable within one year42/48 | €2.16M | €800k | €841k | €4.30M | €294k | ▼ 93.2% |
| Current portion of amounts payable after more than one year42 | - | - | €168k | €2.65M | - | - |
| Financial debts43 | - | - | €418k | €65k | - | - |
| Credit institutions430/8 | - | - | €418k | €65k | - | - |
| Trade debts44 | €149k | €4k | €68k | €401k | €290k | ▼ 27.8% |
| Suppliers440/4 | - | - | €68k | €401k | €290k | ▼ 27.8% |
| Other amounts payable47/48 | - | - | €187k | €1.18M | €5k | ▼ 99.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-394k | €623k | €581k | €-580k | €627k | ▲ 208% |
| + Depreciation and write-downs630 | €140k | €133k | €123k | €182k | - | - |
| Operating cash flow (approximation) | €-254k | €756k | €705k | €-397k | €627k | ▲ 258% |
| Investment in fixed assets (approximation) | - | €782k | €70k | €-950k | €2.70M | ▲ 384% |
| Change in cash | - | €-38 | €1.35M | €-422k | €-925k | ▼ 119% |
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
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 64 days late
2023
31-12
Financial
Back to profitnet €627k
Net result €627k after one loss-making year.
31-12
Financial
Equity above €500kEq €679k ▲131%
Equity rises from €294k to €679k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet €-580k
Net result drops to €-580k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 1.61
Current ratio from 0.59 to 1.61.
31-12
Financial
Equity above €500kEq €874k ▲198%
2 profitable years in a row build equity to €874k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €623k
Net result €623k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €293k
Equity rises from €-330k to €293k.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
01-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 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
22 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, Liège · 1 establishment unit since 1995
Ground area
363 m²
Building footprint
150 m²
Volume, LiDAR
2,264 m³
2 parcels, Wallonia · tallest building 22.0 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Binet
since 19952.070.356.617
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0112/00T002 | Wallonia | 197 m² | 1 · 65 m² | 9.2 m · 3 fl. |
| 62063A0431/00C000 | Wallonia | 166 m² | 1 · 85 m² | 22.0 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 756 companies in sector 46321 we hold annual accounts for 551. 421 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
Founded03-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
10111Manufacture of food products
Scores and ratios are computed by Checked and are not a credit decision.