Investments
€24,142 47.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 19.5% higher than in 2024.
BEL
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €346,187 (2023)
€7,921▲ 34.5%
lowest -€19,025 (2022)
€287▼ 91.9%
peak €335,971 (2025)
€335,971▲ 0.1%
€36,229▼ 71.3%
Board4 names since 2017
3 directors and 2 others
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €5,891 to €7,921Result from €3,541 to €287Debts from €126,178 to €36,229Investments €24,142Cash from €269,551 to €167,243
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,044 companies had the same profile as BEL has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 17,044 companies, not a prediction for BEL. 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
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Signals
Board and ownership
Director
Director, since 26-12-2022
Director
- all the sharesdeed of 23-08-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448094468
Merger: BEL takes over HOUT & MEUBEL
Appointments: (director) and (director) · Capital of €84,283.80, 3,400 shares · Director discharge: · Gazette deed
Merger proposal: BEL takes over HOUT EN MEUBEL
holds all the shares · Gazette deed
3 directors appointed, 1 reappointment
Appointments: , and · Reappointment: (managing director) · General meeting of 02-06-2017 · Gazette deed
Official details
Source: KBO- Status
- Active since 21-08-1992Normal situation
- Activity
- “Het beheer in de ruimste zin van het woord van onroerende goederen, daaronder begrepen…” (deed in Dutch)From the articles, 7 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.058.907.2513500 Hasselt, since 22-09-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on BEL
BEL files the micro format. That format states no turnover. The gross margin fell from €28,364 in 2006 to €7,921 in 2025.
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 BEL
- What is the company number of BEL?
- The company number of BEL is 0448.094.468. The VAT number is the same number with BE in front: BE 0448.094.468.
- Where is BEL based?
- The registered office is at Armand Hertzstraat 52, 3500 Hasselt.Company details
- What is the legal form of BEL?
- BEL is a public limited company (NV).
- When was BEL founded?
- BEL was founded on 21-08-1992.
- Is BEL still active?
- Yes, BEL is an active enterprise in the KBO register.
- What is the turnover of BEL?
- The turnover in financial year 2025 is ≈ €59,000. This figure is estimated from the gross margin of €7,921 and 7,096 comparable companies of the same size. It probably lies between €27,000 and €140,000. It is a rough estimate.Financials
- Is BEL profitable?
- In financial year 2025, BEL made a profit of €287.
- Where can I find the annual accounts of BEL?
- BEL filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BEL due?
- BEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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