BEL-AY
ActiveThe computed 12-month bankruptcy probability of BEL-AY is 2.5% (moderate). The 2025 annual accounts show equity of €146k and a net result of €23k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 476 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+27
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 5.68 against 9.25 in 2024; short-term debt: 16.7% and cash: 47.7% of total assets), and 16.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 53
Relative position
BE, all sectors
reference
Sector 53
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
83.3%
Return on assets
13.2%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
48 d early
2023
63 d early
2022
116 d early
2021
45 d early
2020
89 d early
2019
81 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€341k
EBIT margin
8.8%
Net result
€23k▲ 567%
2024 · €3k
2018: €28k
2019: €-15k
2020: €11k
2021: €4k
2022: €6k
2023: €10k
2024: €3k
2018 → 2025
Working capital
€137k▲ 11.5%
2024 · €123k
2018: €41k
2019: €53k
2020: €36k
2021: €67k
2022: €96k
2023: €119k
2024: €123k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€341k
Equity€104k-€110k▲ 5.5%€119k▲ 8.7%€123k▲ 2.9%€146k▲ 18.9%
Operating result€12k-€10k▼ 23.2%€13k▲ 34.8%€4k▼ 71.7%€30k▲ 723%
Net result€4k-€6k▲ 36.0%€10k▲ 66.3%€3k▼ 63.5%€23k▲ 567%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 723% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€9k
Current assets
€166k
Equity and liabilities €175k
Equity
€146k▲ 18.9%
Debt
€29k▲ 96.6%
The debt ratio rises from 10.8% to 16.7%. Equity and debt are higher.
Key figures and ratios
Solvency
83.3%▼
2024 · 89.2%
Current ratio
5.68▼
2024 · 9.25
Quick ratio
5.68▼
2024 · 9.25
Debt / equity
0.20▲
2024 · 0.12
ROE
15.9%▲
2024 · 2.8%
ROA
13.2%▲
2024 · 2.5%
Debt
€29k▲
2024 · €15k
Debt ≤ 1 year
€29k▲
2024 · €15k
Income taxes
€6k
Staff costs
€47k▼
2024 · €114k
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€137k€175k▲
Fixed assets21/28-€9k
Tangible fixed assets22/27-€9k
Furniture and vehicles24-€9k
Current assets29/58€137k€166k▲
Amounts receivable within one year40/41€66k€82k▲
Trade receivables40€66k€72k▲
Other amounts receivable41-€11k
Cash at bank and in hand54/58€71k€83k▲
Equity and liabilities
Total equity and liabilities10/49€137k€175k▲
Equity10/15€123k€146k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€102k€125k▲
Amounts payable17/49€15k€29k▲
Amounts payable within one year42/48€15k€29k▲
Trade debts44€8k€17k▲
Suppliers440/4€8k€17k▲
Taxes, remuneration and social security45€7k€13k▲
Taxes450/3€6k€6k▼
Remuneration and social security454/9€553€6k▲
Income statement
Code20242025
Turnover70-€341k
Goods, raw materials, services and sundry goods60/61-€248k
Remuneration, social security and pensions62€114k€47k▼
Other operating charges640/8€318€17k▲
Gross operating margin9900€118k€93k▼
Operating profit (loss)9901€4k€30k▲
Financial charges65/66B€181€598▲
Recurring financial charges65€181€598▲
Profit (loss) for the period before taxes9903€3k€29k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€3k€23k▲
Profit (loss) for the period to be appropriated9905€3k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€102k€125k▲
Profit (loss) brought forward from the previous period14P€99k€102k▲
Social balance
Average headcount (FTE)90873.0-
The notes to these accounts (3 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 52current ratio 350.64
Current ratio from 6.79 to 350.64; short-term debt falls from €17k to €341.
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €104k ▲4.2%
2 profitable years in a row build equity to €104k.
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-15k ▼154%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 15current ratio 19.26
Current ratio from 1.32 to 19.26; short-term debt falls from €128k to €3k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Brussel · 1 establishment unit since 2008
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.
Louizalaan 209A1050 BrusselGround area
480 m²
Building footprint
417 m²
Volume, LiDAR
9,711 m³
Parcel 21807G0120/00H005, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
BEL-AY
since 20082.235.639.667
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 4,917 companies in sector 53200 we hold annual accounts for 1,330. 979 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-01-2008
Fiscal year end31-12
Activities, NACEBEL
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.