Equity
€24,143 from €83,059 in 2010
Equity fell by 71% in 15 years.
BELTICO
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €214,864 (2010)
€120,693▲ 25×
lowest -€54,866 (2013)
€90,334▲ €95,678
peak €83,059 (2010)
€24,143▲ €90,334
€116,715▲ 21.6%
peak 4 FTE (2009)
-not published
Board3 names since 2021
2 directorsChristophe Logé and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Turnover from €67,474 to €0Gross margin from €4,843 to €120,693Back to profit: €90,334Equity from -€66,191 to €24,143Debts from €95,974 to €116,715Investments €7,474
Key points
from the 2025 annual accountsTurnover
€0 ▼ 100%
Turnover fell in 2025 from €67,474 to €0.
Debts
€116,715 83% of the balance sheet
Suppliers 10%Taxes and wages 29%Other 61%
Of this, €107,427 falls due within a year.
Investments
€7,474 2.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.17 was 0.21 in 2024
Short-term debts rose from €89,518 to €107,427.
At the same address
27 companies
Checked score
97
Excellent
Financially stronger than 74% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.7 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Equity €24,143 (17.1% of total assets)
lowers risk
Liquidity: current ratio 1.17, cash €109,430
Size: turnover €0, total assets €140,858
Founded in 1994
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 38% of them on solvency, 70% on liquidity, 95% on profitability and 93% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as BELTICO has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BELTICO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for BELTICO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.17 (0.21 in 2024), below the usual 1.5. Short-term debt is 76.3% and cash 77.7% of total assets. 82.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 days early
2023
29 days late
2022
31 days late
2021
59 days late
2020
24 days late
2019
119 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0453264073
Permanent representative: Christophe LOGÉ
General meeting of 28-09-2023 · Gazette deed
Registered office moved within Brussels
New registered office: Avenue de Cortenbergh 66, bte 2, 1000 Bruxelles · Previous registered office: Rue Marie-Thérèse 38, 1210 Bruxelles · Reappointment: Christophe Logé (director) · General meeting of 30-09-2021 · Gazette deed
First establishment
Maria-Theresiastraat 38, Saint-Josse-ten-Noode
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELTICO Brussels | €140,858 | €120,693 | 17.1% | - |
| IMMOBILIERE SCHMIDT Etterbeek | €155,089 | €114,208 | 12.6% | - |
| EUREMA Woluwe-Saint-Pierre | €126,218 | €144,374 | -29.5% | - |
| DUPRET INVEST Anderlecht | €116,771 | €101,247 | -52.7% | - |
| FACADE VASTGOED Bilzen-Hoeselt | €127,826 | €112,479 | 75.2% | - |
| Financial Immobilière La Louvière | €114,380 | €129,106 | 13.8% | - |
| IMMOBILIERE ABRI-EUROPE Uccle | €196,524 | €112,929 | 60.4% | 1.1 |
These companies have the same main activity as BELTICO: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €114,000 and €197,000, founded between 1988 and 1998.
Official details
Source: KBO- Status
- Active since 18-08-1994Normal situation
- Registered office
- 29 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Real estate agency activitiesNACE 68310
- Establishment unit
- 2.068.138.3841210 Saint-Josse-ten-Noode, since 08-09-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €140,858▲ 373%
- ≈ 0.4 FTEestimated
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on BELTICO
BELTICO files the abbreviated format. That format states no turnover. The gross margin fell from €130,380 in 2006 to €120,693 in 2025.
In May 2022, the Official Gazette published the appointment of Christophe Logé as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BELTICO
- What is the company number of BELTICO?
- The company number of BELTICO is 0453.264.073. The VAT number is the same number with BE in front: BE 0453.264.073.
- Where is BELTICO based?
- The registered office is at Kortenberglaan 66, 1000 Brussels.Company details
- What does BELTICO do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of BELTICO?
- BELTICO is a public limited company (NV).
- When was BELTICO founded?
- BELTICO was founded on 18-08-1994.
- Is BELTICO still active?
- Yes, BELTICO is an active enterprise in the KBO register.
- How many employees does BELTICO have?
- BELTICO had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of BELTICO?
- The turnover of BELTICO was €0 in financial year 2025, according to the filed annual accounts.
- Is BELTICO profitable?
- In financial year 2025, BELTICO made a profit of €90,334.
- Where can I find the annual accounts of BELTICO?
- BELTICO filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELTICO due?
- BELTICO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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