Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BEXCO from Hamme (Vl.), company number BE0412623251, closed financial year 2025 with a result of € 2.8 million after tax. For that financial year BEXCO recorded revenue of € 40 million and equity of € 15.4 million. Compared with financial year 2024, the result moved from € 4.4 million to € 2.8 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 15.4 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.8 million
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 9.3 million
▲ € 7.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
70 % of the profit went to the shareholders, mostly to NV BEKAERT SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
121.6
▲ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.8 million
▲ 1% vs 2024
€ 72,600 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.
€ 6 million
▲ 96% vs 2024
Of which on lease € 5.9 million.
Debts at end 2025
€ 6.2 million
▲ 8% vs 2024
€ 647,833 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 8.1 million
▲ 82% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 2.5 million
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 49,437,698 | € 40,012,412 | ▼ 19% |
| Profit after taxes | € 4,374,887 | € 2,842,395 | ▼ 35% |
| Equity | € 14,629,558 | € 15,437,407 | ▲ 6% |
| Total debts | € 20,695,437 | € 34,199,596 | ▲ 65% |
| Cash | € 2,096,203 | € 9,309,964 | ▲ € 7.2 million |
| Land & buildings | € 2,004,329 | € 1,886,816 | ▼ 6% |
| Retained profit | € 10,824,101 | € 11,666,497 | ▲ 8% |
| Dividend | € 2,000,000 | € 2,000,000 | |
| Bank debt | € 5,741,100 | € 6,194,832 | ▲ 8% |
| Balance sheet total | € 35,324,995 | € 49,637,003 | ▲ 41% |
| Employees (FTE) | 120.4 | 121.6 | ▲ 1.2 |
Key figures of BEXCO, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BEXCO?
What happened at BEXCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bruno Cluydts stepped down as director. NBB
- Erik Jagers stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.8 million (▼ 35% vs 2024). Source: NBB ↗
- Christof Dewijngaert stepped down as director. NBB
- Christof Dewijngaert became a director. NBB
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Bruno Cluydts became a director. NBB
- Erik Jagers became a director. NBB
In short
From € 4.4 million profit in 2024 to € 2.8 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2024.
Best year ever: 2024, with € 4.4 million profit.
Paid out € 4 million in dividends to the owners in total.
Management
The shares are held by NV BEKAERT SA (100%).
Directors
According to the 2025 annual accounts
Bruno Cluydts
Director
since 2024 · until 2031
Erik Jagers
Director
since 2024 · until 2031
Christof Dewijngaert
Director
since 2026 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaarveld 25
9220 Hamme (Vl.)
D'Herbouvillekaai 70
2020 Antwerpen
Active since 1 November 2015
Steentijdstraat(VER) 1286
9130 Beveren-Kruibeke-Zwijndrecht
Active since 7 October 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.623.251
- VAT number
- BE 0412.623.251
- Registered office
- Zwaarveld 25, 9220 Hamme (Vl.)
- Names & denominations
- BEXCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 1972
- Peppol
- Active · Active since 6 Mar 2026
- Activities · NACE
Vervaardiging van koord, bindgaren, touw en netten