Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BDO BELGIUM from Zaventem, company number BE0407716932, closed financial year 2025 with a result of € 977,658 after tax. For that financial year BDO BELGIUM recorded revenue of € 45.8 million and equity of € 11.3 million. Compared with financial year 2024, the result moved from € 983,914 to € 977,658. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 21, 2026.
€ 11.3 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 977,658
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 196,606
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 35,073 paid out
4 % of the profit went to the shareholders, mostly to Michaël Delbeke Bedrijfsrevisor (100 % of the shares). That is where the money ends up.
People and assets in 2025
129.1
▲ 9.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.6 million
▲ 10% vs 2024
€ 89,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10.4 million
Of which on lease € 9.6 million.
Debts at end 2025
€ 42 million
▲ 21% vs 2024
€ 5.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 7.6 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 99 days on average.
€ 2.5 million
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 32,089,202 | € 39,315,057 | € 42,290,701 | € 45,755,691 | ▲ 8% |
| Profit after taxes | € 713,086 | € 763,018 | € 983,914 | € 977,658 | ▼ 1% |
| Equity | € 7,705,911 | € 8,586,224 | € 10,084,183 | € 11,256,797 | ▲ 12% |
| Total debts | € 53,713,119 | € 64,628,975 | € 68,633,444 | € 77,890,797 | ▲ 13% |
| Cash | € 697,232 | € 981,389 | € 428,497 | € 196,606 | ▼ 54% |
| Land & buildings | € 1,493,924 | € 1,631,172 | € 1,631,172 | € 6,270,869 | ▲ 284% |
| Retained profit | € 1,657,797 | € 2,420,815 | € 3,298,468 | € 4,241,053 | ▲ 29% |
| Dividend | € 18,303 | € 0 | € 106,259 | € 35,073 | ▼ 67% |
| Bank debt | € 30,806,958 | € 34,825,274 | € 34,653,189 | € 42,012,495 | ▲ 21% |
| Balance sheet total | € 61,419,030 | € 73,245,770 | € 78,749,033 | € 89,241,784 | ▲ 13% |
| Employees (FTE) | 94.2 | 102.6 | 120 | 129.1 | ▲ 9.1 |
Key figures of BDO BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to BDO BELGIUM?
What happened at BDO BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- B.E.F. CommV stepped down as director. NBB
- Vlacon BV stepped down as director. NBB
- Streel Audit et Conseil BV stepped down as director. NBB
- CS Réviseurs d'entreprises BV stepped down as director. NBB
- Veerle Catry Comm V stepped down as director. NBB
- K.K. Legal Consult BV stepped down as director. NBB
- New establishment in Leuven. KBO
- New annual accounts for financial year 2025: profit of € 977,658 (▼ 1% vs 2024). Source: NBB ↗
In short
From € 713,086 profit in 2022 to € 977,658 profit in 2025.
Paid € 2.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 983,914 profit.
Paid out € 159,635 in dividends to the owners in total.
Management
The stake of Michaël Delbeke Bedrijfsrevisor, EBO SOLUTIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BDO BELGIUMThe shares are held by Michaël Delbeke Bedrijfsrevisor (100%) and EBO SOLUTIONS (4.4%). It owns 100% of BDO Innovation Garden, 100% of BDO Southwest, 99% of BDO Advisory, 88.8% of BDO Accountants & Belastingadviseurs, 87.2% of BDO Bedrijfsrevisoren and 50% of BDO BeLux itself.
Directors
According to the 2025 annual accounts
Director · represented by Frederik De Roo
Also active at: BDO ACCOUNTANTS & BELASTINGADVISEURS
since 2025 · until 2029
since 2023 · until 2025
Managing director · represented by Peter Van Laer
Also active at: BDO ADVISORY, BDO Cynex, PAVLOV, Superlinear, ODOT, BDO INNOVATION GARDEN, H10 Invest, BDO Southwest +1 more
since 2025 · until 2029
Managing director · represented by Johan Vandenbroeck
Also active at: PAVLOV, ODOT, BDO INNOVATION GARDEN, H10 Invest
since 2023 · until 2025
Director · represented by Hennie Herijgers
Also active at: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
since 2023 · until 2025
since 2025 · until 2029
Director · represented by Christian Schmetz
Also active at: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
since 2025 · until 2029
Director · represented by Fabrice Grognard
Also active at: BDO ACCOUNTANTS & BELASTINGADVISEURS, DEKEGELEER
since 2023 · until 2025
Director · represented by Veerle Catry
Also active at: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
since 2025 · until 2029
Managing director · represented by Karen Keuleers
Also active at: BDO ADVISORY, PAVLOV
since 2025 · until 2029
Shareholders
Participations
100%
99%
87.2%
50%
49.9%
42.3%
28%
23.1%
20%
Establishments
Establishment units
Physical locations of this company
Da Vincilaan 9 box E.6
1930 Zaventem
Da Vincilaan 9 box E61
1930 Zaventem
Active since 25 April 2006
Avenue Léonard de Vinci 25 box 3
1300 Wavre
Active since 26 January 2006
Uitbreidingstraat 72 box 1
2600 Antwerpen
Active since 25 July 2005
Brusselsesteenweg 92
9090 Merelbeke-Melle
Active since 25 July 2005
Rue de Waucomont 51
4651 Herve
Active since 25 July 2005
Rue Phocas Lejeune,Isnes 30
5032 Gembloux
Active since 25 July 2005
Kwadestraat 155/1102
8800 Roeselare
Active since 2 May 2007
de Stassartstraat 35
1050 Elsene
Active since 1 July 2013
Noorderlaan 79 box 7
2030 Antwerpen
Active since 1 January 2022
Herkenrodesingel 10 box 3.01
3500 Hasselt
Active since 1 June 2023
Kolonel Begaultlaan 1C
3012 Leuven
Active since 1 October 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →NORDSON BENELUX
€ 2.5 million gross margin · 2025
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES same network
€ 47.6 million revenue · 2025
BDO ACCOUNTANTS & BELASTINGADVISEURS same network
€ 56.9 million revenue · 2025
NUSKIN BELGIUM
€ 199,179 gross margin · 2025
Cloud Software Group Belgium
€ -47,690 gross margin · 2026
+22 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Mimecast
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
GoDaddy DNS
Domain
Domain
bdo.be
Registered
1997-10-24
Website info
Features
Security
Network
Details
- Company number
- 0407.716.932
- VAT number
- BE 0407.716.932
- Registered office
- Da Vincilaan 9 bus E.6, 1930 Zaventem
- Names & denominations
- BDO BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 1970
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- bdo.be
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
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