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Belgium
In shortNV Bekaert SA is profitable, generates cash and carries moderate debt, with revenue shrinking (−6.4% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 3.6% | 29/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.8% | 27/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 3.1% | 16/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 3.8% | 26/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.62× | 68/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.35× | 92/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.41× | 74/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 4.21× | 26/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.60 | 90/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.4% | 54/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 4.61× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 16.6% | 50/100 |
| Operating margin volatility | 2.5% | 86/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -9.5% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -34.6% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 4,840 | 5,004 | 4,328 | 3,958 | 3,706 |
| Cost of revenue | 3,954 | 4,339 | 3,623 | 3,303 | 3,224 |
| Gross profit | 886 | 665 | 705 | 655 | 482 |
| Research & development | 60 | 62 | 57 | 57 | 59 |
| Operating income | 513 | 317 | 334 | 296 | 135 |
| Interest expense | 44 | 34 | 40 | 38 | 32 |
| Pre-tax income | 476 | 278 | 268 | 258 | 86 |
| Income tax | 133 | 74 | 62 | 63 | 59 |
| Net income | 407 | 269 | 255 | 239 | 67 |
| Diluted EPS | €7.06 | €4.75 | €4.73 | €4.55 | €1.33 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
4.60 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 27, 2026