BYD
ActiveSummary
BYD has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €297k and a net result of €49k. Equity is growing by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 1330 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▲+22
Solvency70▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 2.15 in 2023; short-term debt: 43.4% and cash: 26.6% of total assets), but 55.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
68 d late
2022
66 d late
2021
246 d late
2020
215 d late
2019
77 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€297k▲ 19.7%
2023 · €249k
2018: €-3klowest in 7 years
2019: €19k▲ +704% vs 2018
2020: €32k▲ +68.3% vs 2019
2021: €137k▲ +334% vs 2020
2022: €278k▲ +102% vs 2021
2023: €249k▼ -10.6% vs 2022
2024: €297k▲ +19.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€663k▲ 29.2%
2023 · €513k
2018: €12klowest in 7 years
2019: €49k▲ +309% vs 2018
2020: €151k▲ +204% vs 2019
2021: €273k▲ +81.4% vs 2020
2022: €517k▲ +89.3% vs 2021
2023: €513k▼ -0.7% vs 2022
2024: €663k▲ +29.2% vs 2023highest in 7 years
2018 → 2024
Net result
€49k
2023 · €-29k
2018: €982
2019: €22k▲ +2131% vs 2018
2020: €13k▼ -41.4% vs 2019
2021: €106k▲ +723% vs 2020
2022: €140k▲ +32.8% vs 2021highest in 7 years
2023: €-29k▼ -121% vs 2022lowest in 7 years
2024: €49k▲ +267% vs 2023
2018 → 2024
Working capital
€213k▲ 27.5%
2023 · €167k
2018: €-3klowest in 7 years
2019: €12k▲ +478% vs 2018
2020: €10k▼ -17.1% vs 2019
2021: €111k▲ +992% vs 2020
2022: €228k▲ +105% vs 2021highest in 7 years
2023: €167k▼ -26.7% vs 2022
2024: €213k▲ +27.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€137k▲ 334%€278k▲ 102%€249k▼ 10.6%€297k▲ 19.7%
2020: €32klowest in 5 years
2021: €137k▲ +334% vs 2020
2022: €278k▲ +102% vs 2021
2023: €249k▼ -10.6% vs 2022
2024: €297k▲ +19.7% vs 2023highest in 5 years
Operating result€28k-€176k▲ 521%€227k▲ 29.3%€47k▼ 79.4%€82k▲ 76.6%
2020: €28klowest in 5 years
2021: €176k▲ +521% vs 2020
2022: €227k▲ +29.3% vs 2021highest in 5 years
2023: €47k▼ -79.4% vs 2022
2024: €82k▲ +76.6% vs 2023
Net result€13k-€106k▲ 723%€140k▲ 32.8%€-29k€49k
2020: €13k
2021: €106k▲ +723% vs 2020
2022: €140k▲ +32.8% vs 2021highest in 5 years
2023: €-29k▼ -121% vs 2022lowest in 5 years
2024: €49k▲ +267% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 77% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €663k
Fixed assets
€163k ▼ 19.2%
Current assets
€500k ▲ 60.4%
Equity and liabilities €663k
Equity
€297k ▲ 19.7%
Debt
€366k ▲ 38.2%
Debt's share of the balance-sheet total rises from 51.6% to 55.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€139k▲
2023 · €84k
Cash flow
€106k▲
2023 · €8k
Current ratio
1.74▼
2023 · 2.15
Quick ratio
1.67▼
2023 · 2.15
Debt to equity
1.23▲
2023 · 1.06
ROE
16.4%▲
2023 · -11.8%
ROA
7.4%▲
2023 · -5.7%
Interest coverage
2.43▲
2023 · 1.68
Debt ≤ 1 year
€288k▲
2023 · €145k
Debt > 1 year
€78k▼
2023 · €119k
Income taxes
€-24k▼
2023 · €26k
Staff costs
€404k▲
2023 · €386k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€513k€663k▲
Fixed assets21/28€201k€163k▼
Tangible fixed assets22/27€193k€154k▼
Plant, machinery and equipment23€13k€16k▲
Furniture and vehicles24€179k€139k▼
Financial fixed assets28€8k€8k=
Current assets29/58€312k€500k▲
Stocks and contracts in progress3€300€21k▲
Stocks30/36€300€21k▲
Amounts receivable within one year40/41€234k€259k▲
Trade receivables40€62k€55k▼
Other amounts receivable41€172k€204k▲
Cash at bank and in hand54/58€68k€177k▲
Deferred charges and accrued income490/1€9k€44k▲
Equity and liabilities
Total equity and liabilities10/49€513k€663k▲
Equity10/15€249k€297k▲
Contributions10/11€19k€19k=
Reserves13€10€10=
Non-distributable reserves130/1€10€10=
Reserves not available under the articles1311€10€10=
Profit (loss) carried forward14€230k€279k▲
Amounts payable17/49€265k€366k▲
Amounts payable after more than one year17€119k€78k▼
Financial debts170/4€119k€78k▼
Amounts payable within one year42/48€145k€288k▲
Current portion of amounts payable after more than one year42€47k€33k▼
Financial debts43-€40k
Credit institutions430/8-€40k
Trade debts44€76k€144k▲
Suppliers440/4€76k€144k▲
Taxes, remuneration and social security45€23k€71k▲
Taxes450/3-€34k
Remuneration and social security454/9€23k€37k▲
Income statement
Code20232024
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€386k€404k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€57k▲
Other operating charges640/8€12k€13k▲
Gross operating margin9900€481k€556k▲
Operating profit (loss)9901€47k€82k▲
Financial income75/76B€1€2▲
Recurring financial income75€1€2▲
Financial charges65/66B€50k€57k▲
Recurring financial charges65€50k€57k▲
Profit (loss) for the period before taxes9903€-3k€25k▲
Income taxes67/77€26k€-24k▼
Profit (loss) for the period9904€-29k€49k▲
Profit (loss) for the period to be appropriated9905€-29k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€230k€279k▲
Profit (loss) brought forward from the previous period14P€259k€230k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3k | - |
| Remuneration, social security and pensions62 | - | €215k | €351k | €386k | €404k | ▲ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €28k | €36k | €37k | €57k | ▲ 54.0% |
| Other operating charges640/8 | - | €6k | €7k | €12k | €13k | ▲ 4.2% |
| Gross operating margin9900 | €126k | €425k | €621k | €481k | €556k | ▲ 15.4% |
| Operating profit (loss)9901 | €28k | €176k | €227k | €47k | €82k | ▲ 76.6% |
| Financial income75/76B | - | €3 | €8 | €1 | €2 | ▲ 70.5% |
| Recurring financial income75 | €0 | €3 | €8 | €1 | €2 | ▲ 70.5% |
| Financial charges65/66B | - | €35k | €38k | €50k | €57k | ▲ 15.2% |
| Recurring financial charges65 | €10k | €35k | €38k | €50k | €57k | ▲ 15.2% |
| Profit (loss) for the period before taxes9903 | €18k | €141k | €189k | €-3k | €25k | ▲ 902% |
| Income taxes67/77 | €5k | €35k | €49k | €26k | €-24k | ▼ 191% |
| Profit (loss) for the period9904 | €13k | €106k | €140k | €-29k | €49k | ▲ 267% |
| Profit (loss) for the period to be appropriated9905 | €13k | €106k | €140k | €-29k | €49k | ▲ 267% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151k | €273k | €517k | €513k | €663k | ▲ 29.2% |
| Fixed assets21/28 | €48k | €36k | €65k | €201k | €163k | ▼ 19.2% |
| Tangible fixed assets22/27 | €48k | €36k | €65k | €193k | €154k | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €6k | €9k | €13k | €16k | ▲ 16.8% |
| Furniture and vehicles24 | - | €30k | €56k | €179k | €139k | ▼ 22.7% |
| Financial fixed assets28 | - | - | - | €8k | €8k | = |
| Current assets29/58 | €102k | €237k | €452k | €312k | €500k | ▲ 60.4% |
| Stocks and contracts in progress3 | €2k | €115 | €115 | €300 | €21k | ▲ 6,739% |
| Stocks30/36 | - | €115 | €115 | €300 | €21k | ▲ 6,739% |
| Amounts receivable within one year40/41 | €16k | €42k | €188k | €234k | €259k | ▲ 10.8% |
| Trade receivables40 | - | €16k | €69k | €62k | €55k | ▼ 11.2% |
| Other amounts receivable41 | - | €26k | €119k | €172k | €204k | ▲ 18.6% |
| Cash at bank and in hand54/58 | €83k | €190k | €259k | €68k | €177k | ▲ 158% |
| Deferred charges and accrued income490/1 | - | €5k | €5k | €9k | €44k | ▲ 371% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151k | €273k | €517k | €513k | €663k | ▲ 29.2% |
| Equity10/15 | €32k | €137k | €278k | €249k | €297k | ▲ 19.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €10 | €10 | €10 | €10 | €10 | = |
| Non-distributable reserves130/1 | - | €10 | €10 | €10 | €10 | = |
| Reserves not available under the articles1311 | - | €10 | €10 | €10 | €10 | = |
| Profit (loss) carried forward14 | €13k | €119k | €259k | €230k | €279k | ▲ 21.3% |
| Amounts payable17/49 | €119k | €136k | €239k | €265k | €366k | ▲ 38.2% |
| Amounts payable after more than one year17 | €27k | €10k | €15k | €119k | €78k | ▼ 34.8% |
| Financial debts170/4 | - | €10k | €15k | €119k | €78k | ▼ 34.8% |
| Amounts payable within one year42/48 | €92k | €126k | €224k | €145k | €288k | ▲ 98.2% |
| Current portion of amounts payable after more than one year42 | - | €23k | €83k | €47k | €33k | ▼ 29.5% |
| Financial debts43 | - | - | - | - | €40k | - |
| Credit institutions430/8 | - | - | - | - | €40k | - |
| Trade debts44 | €45k | €49k | €96k | €76k | €144k | ▲ 89.7% |
| Suppliers440/4 | - | €49k | €96k | €76k | €144k | ▲ 89.7% |
| Taxes, remuneration and social security45 | - | €54k | €45k | €23k | €71k | ▲ 213% |
| Taxes450/3 | - | €40k | €40k | - | €34k | - |
| Remuneration and social security454/9 | - | €14k | €5k | €23k | €37k | ▲ 62.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €106k | €140k | €-29k | €49k | ▲ 267% |
| + Depreciation and write-downs630 | €27k | €28k | €36k | €37k | €57k | ▲ 54.0% |
| Operating cash flow (approximation) | €40k | €134k | €177k | €8k | €106k | ▲ 1,283% |
| Investment in fixed assets (approximation) | - | €-16k | €-65k | €-173k | €-18k | ▲ 89.4% |
| Change in cash | - | €107k | €69k | €-191k | €108k | ▲ 157% |
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 246 days late
2022
31-12
Financial
Highest result since 2018net €140k ▲32.8%
Operating result €227k, net result €140k, both a record.
31-12
Financial
Equity above €200kEq €278k ▲102%
5 profitable years in a row build equity to €278k.
03-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 215 days late
2021
31-12
Financial
Equity above €100kEq €137k ▲334%
4 profitable years in a row build equity to €137k.
2020
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 426 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Lokeren · 1 establishment unit since 2015
Ground area
106 m²
Building footprint
84 m²
Volume, LiDAR
438 m³
Parcel 46014A0624/00G010, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BYD
since 20152.239.459.487
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0624/00G010 | Flanders | 106 m² | 1 · 84 m² | 9.7 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 579 EUR awarded · 579 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 579 EUR | 579 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryBYD BV43975
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Of 264 companies in sector 42212 we hold annual accounts for 120. 89 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
Founded06-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
42212Civil engineering
43120Site preparation
42220Construction of utility projects for electricity and telecommunications
Scores and ratios are computed by Checked and are not a credit decision.