Summary
BEL V has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show a net result of €2.4m. Equity is growing by ~8.5% per year across the filed fiscal years. Its net result ranks better than 95% of 283 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability81▲+10
Solvency-
Growth67▲+1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
Return on assets
10.7%
Age of the figures
9 mo
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
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
28 d early
2023
29 d early
2022
41 d early
2021
33 d early
2020
31 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 employer in Anderlecht, Other services sector#6 company by total assets in Anderlecht, Other services sector
Turnover
€17.5m▲ 9.4%
2024 · €16.0m
EBIT margin
12.9%▲ 5.2pp
2024 · 7.7%
Net result
€2.4m▲ 72.2%
2024 · €1.4m
Working capital
€15.5m▲ 18.2%
2024 · €13.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182021202320242025
Turnover€13.3m-€12.9m-€15.9m-€16.0m▲ 0.9%€17.5m▲ 9.4%
Operating result€321,519-€597,445-€1.7m-€1.2m▼ 28.5%€2.3m▲ 82.8%
Net result€314,981-€574,825above the sector's middle half-€1.8mabove the sector's middle half-€1.4mabove the sector's middle half▼ 25.2%€2.4mabove the sector's middle half▲ 72.2%
EBIT margin2.4%-4.6%-10.9%-7.7%▼ 3.2pp12.9%▲ 5.2pp
Equity€10.4m-€13.3mabove the sector's middle half-€15.6mabove the sector's middle half-€17.0mabove the sector's middle half▲ 8.8%
Total assets€12.2m-€15.9mabove the sector's middle half-€18.5mabove the sector's middle half-€19.8mabove the sector's middle half▲ 7.1%€22.0mabove the sector's middle half▲ 11.0%
Debt€1.7m-€2.7m-€2.9m-€2.9m▼ 1.8%€2.7m▼ 6.0%
Working capital€5.8m-€8.9mabove the sector's middle half-€11.6mabove the sector's middle half-€13.1mabove the sector's middle half▲ 13.0%€15.5mabove the sector's middle half▲ 18.2%
Solvency85.8%-83.2%within the sector's middle half-84.3%within the sector's middle half-85.6%within the sector's middle half▲ 1.3pp
Current ratio4.36-4.34within the sector's middle half-4.99within the sector's middle half-5.59within the sector's middle half▲ 0.606.77within the sector's middle half▲ 1.18
Return on assets (ROA)2.6%-3.6%within the sector's middle half-9.9%above the sector's middle half-6.9%above the sector's middle half▼ 3.0pp10.7%above the sector's middle half▲ 3.8pp
Staff (FTE)82.4-78.9above the sector's middle half-78.3above the sector's middle half-79.6above the sector's middle half▲ 1.7%81.1above the sector's middle half▲ 1.9%
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 83% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.0m
Fixed assets
€3.8m ▼ 0.9%
Current assets
€18.2m ▲ 13.9%
Key figures and ratios
EBITDA
€2.6m▲
2024 · €1.5m
Cash flow
€2.7m▲
2024 · €1.7m
Interest coverage
441.83▲
2024 · 155.95
Debt ≤ 1 year
€2.7m▼
2024 · €2.9m
Income taxes
€41,970▼
2024 · €57,871
Staff costs
€12.7m▲
2024 · €12.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €13.2m | €16.1m | €16.4m | €17.9m | ▲ 8.7% |
| Turnover70 | €13.3m | €12.9m | €15.9m | €16.0m | €17.5m | ▲ 9.4% |
| Other operating income74 | - | €289,799 | €279,885 | €409,401 | €331,519 | ▼ 19.0% |
| Operating charges60/66A | - | €12.6m | €14.4m | €15.2m | €15.6m | ▲ 2.7% |
| Services and other goods61 | - | €1.5m | €2.1m | €2.4m | €2.4m | ▲ 1.9% |
| Remuneration, social security and pensions62 | - | €10.7m | €11.8m | €12.3m | €12.7m | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €315,918 | €305,792 | €288,926 | €293,514 | €324,851 | ▲ 10.7% |
| Other operating charges640/8 | - | €101,596 | €144,590 | €161,054 | €158,013 | ▼ 1.9% |
| Operating profit (loss)9901 | €321,519 | €597,445 | €1.7m | €1.2m | €2.3m | ▲ 82.8% |
| Financial income75/76B | - | - | €158,880 | - | - | - |
| Recurring financial income75 | €156 | €588 | €158,880 | €197,628 | €139,902 | ▼ 29.2% |
| Income from current assets751 | - | €567 | €158,873 | €194,880 | €139,900 | ▼ 28.2% |
| Other financial income752/9 | - | €21 | €8 | €2,749 | €2 | ▼ 99.9% |
| Financial charges65/66B | - | €23,208 | €10,995 | €9,812 | €5,853 | ▼ 40.3% |
| Recurring financial charges65 | €6,694 | €23,208 | €10,995 | €9,812 | €5,853 | ▼ 40.3% |
| Debt charges650 | - | €161 | - | - | - | - |
| Other financial charges652/9 | - | €23,047 | €10,995 | €9,812 | €5,853 | ▼ 40.3% |
| Profit (loss) for the period before taxes9903 | €314,981 | €574,825 | €1.9m | €1.4m | €2.4m | ▲ 68.1% |
| Income taxes67/77 | - | - | €50,582 | €57,871 | €41,970 | ▼ 27.5% |
| Taxes670/3 | - | - | €50,582 | €57,871 | €41,970 | ▼ 27.5% |
| Profit (loss) for the period9904 | €314,981 | €574,825 | €1.8m | €1.4m | €2.4m | ▲ 72.2% |
| Profit (loss) for the period to be appropriated9905 | €314,981 | €574,825 | €1.8m | €1.4m | €2.4m | ▲ 72.2% |
| Line | 2018 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.2m | €15.9m | €18.5m | €19.8m | €22.0m | ▲ 11.0% |
| Fixed assets21/28 | €4.6m | €4.3m | €4.0m | €3.8m | €3.8m | ▼ 0.9% |
| Intangible fixed assets21 | €48,206 | - | €13,399 | €11,800 | €10,200 | ▼ 13.6% |
| Tangible fixed assets22/27 | €4.6m | €4.3m | €4.0m | €3.8m | €3.8m | ▼ 0.8% |
| Land and buildings22 | - | €3.8m | €3.5m | €3.3m | €3.2m | ▼ 4.9% |
| Plant, machinery and equipment23 | - | €396,120 | €352,033 | €373,109 | €335,415 | ▼ 10.1% |
| Furniture and vehicles24 | - | €121,275 | €80,109 | €129,799 | €285,235 | ▲ 120% |
| Assets under construction and advance payments27 | - | - | €43,392 | €0 | €12,893 | - |
| Financial fixed assets28 | €2,113 | €2,113 | €2,113 | €480 | €480 | = |
| Other financial fixed assets284/8 | - | €2,113 | €2,113 | €480 | €480 | = |
| Amounts receivable and cash guarantees285/8 | - | €2,113 | €2,113 | €480 | €480 | = |
| Current assets29/58 | €7.5m | €11.6m | €14.5m | €16.0m | €18.2m | ▲ 13.9% |
| Amounts receivable within one year40/41 | €3.8m | €3.3m | €4.0m | €3.4m | €3.8m | ▲ 11.4% |
| Trade receivables40 | - | €3.2m | €4.0m | €3.3m | €3.7m | ▲ 9.9% |
| Other amounts receivable41 | - | €118,763 | €56,000 | €54,657 | €112,090 | ▲ 105% |
| Current investments50/53 | - | - | - | €0 | - | - |
| Cash at bank and in hand54/58 | €3.6m | €8.1m | €10.3m | €12.4m | €14.3m | ▲ 15.3% |
| Deferred charges and accrued income490/1 | - | €220,250 | €190,473 | €199,295 | €140,299 | ▼ 29.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.2m | €15.9m | €18.5m | €19.8m | €22.0m | ▲ 11.0% |
| Equity10/15 | €10.4m | €13.3m | €15.6m | €17.0m | - | - |
| Contributions10/11 | - | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Capital10 | - | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Reserves13 | - | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Profit (loss) carried forward14 | €2.8m | €5.7m | €8.0m | €9.4m | €11.7m | ▲ 25.1% |
| Amounts payable17/49 | €1.7m | €2.7m | €2.9m | €2.9m | - | - |
| Amounts payable within one year42/48 | €1.7m | €2.7m | €2.9m | €2.9m | €2.7m | ▼ 5.9% |
| Trade debts44 | €381,224 | €440,932 | €365,681 | €372,451 | €259,574 | ▼ 30.3% |
| Suppliers440/4 | - | €440,932 | €365,681 | €372,451 | €259,574 | ▼ 30.3% |
| Advances received on contracts in progress46 | - | €200,224 | €283,049 | €244,435 | €146,787 | ▼ 39.9% |
| Taxes, remuneration and social security45 | - | €2.0m | €2.3m | €2.2m | €2.3m | ▲ 1.8% |
| Taxes450/3 | - | €429,328 | €473,853 | €467,052 | €485,020 | ▲ 3.8% |
| Remuneration and social security454/9 | - | €1.6m | €1.8m | €1.8m | €1.8m | ▲ 1.3% |
| Accrued charges and deferred income492/3 | - | €3,764 | €730 | €1,178 | €932 | ▼ 20.9% |
| Line | 2018 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €314,981 | €574,825 | €1.8m | €1.4m | €2.4m | ▲ 72.2% |
| + Depreciation and write-downs630 | €315,918 | €305,792 | €288,926 | €293,514 | €324,851 | ▲ 10.7% |
| Operating cash flow (approximation) | €630,899 | €880,617 | €2.1m | €1.7m | €2.7m | ▲ 61.3% |
| Investment in fixed assets (approximation) | - | - | - | -€155,616 | -€291,847 | ▼ 87.5% |
| Change in cash | - | - | - | €2.1m | €1.9m | ▼ 10.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €2.4m ▲72.2%
Operating result €2.3m, net result €2.4m, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 26 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2008
Ground area
2,373 m²
Building footprint
869 m²
Volume, LiDAR
9,870 m³
Parcel 21306D0324/00F000, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BEL V
since 20082.229.282.605
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0324/00F000 | Brussels | 2,373 m² | 1 · 869 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
European Union, budget
2021 to 2025 · 17 entries · 2,152,541 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 4 | 313,599 EUR |
| 2024 | 5 | 482,818 EUR |
| 2023 | 2 | 391,125 EUR |
| 2022 | 5 | 725,999 EUR |
| 2021 | 1 | 239,000 EUR |
Projects
NUCLEAR CONTROL ACTIVITIES 2017
NUCLEAR CONTROL ACTIVITIES JRC GEEL
HARMONISE - TOWARDS HARMONISATION IN LICENSING OF FUTURE NUCLEAR POWER TECHNOLOGIES IN EUROPE
HARPERS - HARMONISED PRACTICES, REGULATIONS AND STANDARDS IN WASTE MANAGEMENT AND DECOMMISSIONING
ASSAS - ARTIFICIAL INTELLIGENCE FOR THE SIMULATION OF SEVERE ACCIDENTS
Show 4 more projects
EASI-SMR - ENSURING ASSESSMENT OF SAFETY INNOVATIONS FOR SMR
EURAD-2 - EUROPEAN PARTNERSHIP ON RADIOACTIVE WASTE MANAGEMENT - 2
EASI-SMR - HORIZON-EURATOM-2023-NRT-01
EURAD-2 - EURATOM-2023-RADIOWASTE-IBA
European research
14 projects · 1,642,435 EUR EU contributionProjects
European Joint Programme on Radioactive Waste Management
Towards harmonisation in licensing of future nuclear power technologies in Europe
Sustainable network for Independent Technical EXpertise of radioactive waste disposal - Interactions and Implementation
Ensuring Assessment of Safety Innovations for SMR
FAST Nuclear Emergency Tools (FASTNET)
Show 9 more projects
HARmonised PracticEs, Regulations and Standards in waste management and decommissioning
MANAGEMENT AND UNCERTAINTIES OF SEVERE ACCIDENTS
Artificial intelligence for the Simulation of Severe AccidentS
REDUCTION OF RADIOLOGICAL CONSEQUENCES OF DESIGN BASIS AND DESIGN EXTENDION ACCIDENTS
Sustainable network of Independent Technical EXpertise for radioactive waste disposal
European Partnership on Radioactive Waste Management - 2
Towards a Joint Programming on Radioactive Waste Disposal
Proposal for a harmonized European methodology for the safety assessment of innovative reactors with fast neutron spectrum planned to be built in Europe
Advanced Safety Assessment : Extended PSA
Recognitions · licences · registrations
Legal Entity Identifier
875500AQ6HTOS2ZUFU63
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Of 487 companies in this sector we hold annual accounts for 139. 61 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate foundation
Founded01-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
94994Activities of membership organisations
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892419202
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.