ATELIERS BELLUZZO
ActiveATELIERS BELLUZZO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72k and a net result of €91k. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 1029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+27
Solvency50▼-40
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 3.11 in 2024; short-term debt: 56.3% and cash: 2.9% of total assets), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.2%
Return on assets
31.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1029 sector peers (2025).
NBB · sector comparisonPosition among 1029 sector peers
Solvency
better than 24%
← weakest
strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
41 d early
2023
19 d early
2022
20 d early
2021
19 d late
2020
23 d late
2019
74 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€91k▲ 1,899%
2024 · €5k
2018: €174k
2019: €77k
2020: €13k
2021: €37k
2022: €107k
2023: €57k
2024: €5k
2018 → 2025
Working capital
€58k▼ 24.1%
2024 · €77k
2018: €17k
2019: €97k
2020: €154k
2021: €194k
2022: €120k
2023: €70k
2024: €77k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€197k-€129k▼ 34.3%€76k▼ 41.1%€81k▲ 6.0%€72k▼ 10.9%
Operating result€51k-€146k▲ 188%€77k▼ 47.0%€7k▼ 90.3%€125k▲ 1,573%
Net result€37k-€107k▲ 191%€57k▼ 47.1%€5k▼ 92.0%€91k▲ 1,899%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,573% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €286k
Fixed assets
€67k▲ 540%
Current assets
€220k▲ 93.5%
Equity and liabilities €286k
Equity
€72k▼ 10.9%
Debt
€214k▲ 397%
The debt ratio rises from 34.8% to 74.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€139k▲
2024 · €12k
Cash flow
€106k▲
2024 · €9k
Solvency
25.2%▼
2024 · 65.2%
Current ratio
1.36▼
2024 · 3.11
Quick ratio
1.36▼
2024 · 3.11
Debt / equity
2.98▲
2024 · 0.53
ROE
126.7%▲
2024 · 5.6%
ROA
31.9%▲
2024 · 3.7%
Interest coverage
80.05▲
2024 · 33.59
Debt
€214k▲
2024 · €43k
Debt ≤ 1 year
€161k▲
2024 · €36k
Debt > 1 year
€52k▲
2024 · €5k
Income taxes
€32k▲
2024 · €3k
Staff costs
€155k▲
2024 · €149k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€124k€286k▲
Fixed assets21/28€10k€67k▲
Tangible fixed assets22/27€10k€67k▲
Plant, machinery and equipment23€1k€62k▲
Furniture and vehicles24€606€297▼
Leasing and similar rights25€8k€4k▼
Current assets29/58€113k€220k▲
Amounts receivable within one year40/41€99k€211k▲
Trade receivables40€89k€201k▲
Other amounts receivable41€10k€10k=
Cash at bank and in hand54/58€9k€8k▼
Deferred charges and accrued income490/1€6k€640▼
Equity and liabilities
Total equity and liabilities10/49€124k€286k▲
Equity10/15€81k€72k▼
Contributions10/11€38k€38k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€11k€2k▼
Amounts payable17/49€43k€214k▲
Amounts payable after more than one year17€5k€52k▲
Financial debts170/4€5k€52k▲
Amounts payable within one year42/48€36k€161k▲
Current portion of amounts payable after more than one year42€3k€16k▲
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45€26k€39k▲
Taxes450/3€8k€20k▲
Remuneration and social security454/9€18k€19k▲
Other amounts payable47/48€0€100k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€149k€155k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€14k▲
Other operating charges640/8€763€791▲
Gross operating margin9900€162k€295k▲
Operating profit (loss)9901€7k€125k▲
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€366€2k▲
Recurring financial charges65€366€2k▲
Profit (loss) for the period before taxes9903€7k€123k▲
Income taxes67/77€3k€32k▲
Profit (loss) for the period9904€5k€91k▲
Profit (loss) for the period to be appropriated9905€5k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€102k▲
Profit (loss) brought forward from the previous period14P€6k€11k▲
Profit to be distributed694/7€0€100k▲
Return on contributions (dividend)694€0€100k▲
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €5k ▼92%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.11
Current ratio from 1.49 to 3.11; short-term debt falls from €144k to €36k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Equity above €150kEq €160k ▲8.8%
3 profitable years in a row build equity to €160k.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €147k ▲110%
2 profitable years in a row build equity to €147k.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Chaudfontaine · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Général Jacques 3304051 ChaudfontaineGround area
2,448 m²
Building footprint
162 m²
Parcel 62104C0265/00E004, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Général Jacques 330, 4051 Chaudfontaine
since 19982.085.122.490
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62104C0265/00E004 | Wallonia | 2,448 m² | 1 · 162 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,463 companies in sector 25530 we hold annual accounts for 1,658. 1,168 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-1998
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.