BEL-WHEELS
ActiveSummary
BEL-WHEELS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €643k and a net result of €229k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 41% of 45 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-35
Solvency55▲+10
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.17 in 2024; short-term debt: 49.4% and cash: 1.6% of total assets), and 69.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← 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
30.4%
Return on assets
10.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €643k
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
9 d late
2023
8 d late
2022
53 d early
2021
51 d late
2020
33 d early
2019
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€229k▼ 78.8%
2024 · €1.08M
Working capital
€-821k▲ 20.7%
2024 · €-1.03M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€69k▲ 10.1%€66k▼ 4.8%€107k▲ 62.3%€107k▲ 0.3%€80k▼ 25.0%
Net result€4k▼ 6.1%€2k▼ 54.7%€1.05M▲ 52,848%€1.08M▲ 2.6%€229k▼ 78.8%
Equity€435k▲ 1.0%€437k▲ 0.5%€383k▼ 12.3%€414k▲ 7.9%€643k▲ 55.4%
Total assets€2.20M▼ 0.4%€2.17M▼ 1.1%€2.11M▼ 2.8%€2.10M▼ 0.8%€2.11M▲ 0.8%
Debt€1.42M=€1.41M▼ 0.9%€1.38M▼ 2.0%€1.35M▼ 2.3%€1.16M▼ 14.5%
Working capital€-1.02M▼ 0.9%€-1.03M▼ 1.2%€-1.03M▲ 0.4%€-1.03M▼ 0.5%€-821k▲ 20.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.11M
Fixed assets
€1.89M =
Current assets
€223k ▲ 8.6%
Equity and liabilities €2.11M
Equity
€643k ▲ 55.4%
Provisions
€315k ▼ 4.6%
Debt
€1.16M ▼ 14.5%
Debt's share of the balance-sheet total falls from 64.5% to 54.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.21▲
2024 · 0.17
Debt to equity
1.80▼
2024 · 3.27
ROE
35.7%▼
2024 · 261.2%
ROA
10.8%▼
2024 · 51.5%
Debt ≤ 1 year
€1.04M▼
2024 · €1.24M
Debt > 1 year
€112k=
2024 · €112k
Income taxes
€5k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €4k | €3k | €3k | €1k | €648 | ▼ 55.7% |
| Gross operating margin9900 | €73k | €69k | €110k | €108k | €81k | ▼ 25.4% |
| Operating profit (loss)9901 | €69k | €66k | €107k | €107k | €80k | ▼ 25.0% |
| Financial income75/76B | - | - | €1.05M | €1.05M | €214k | ▼ 79.6% |
| Recurring financial income75 | - | - | €1.05M | €1.05M | €214k | ▼ 79.6% |
| Financial charges65/66B | €63k | €63k | €104k | €65k | €60k | ▼ 8.3% |
| Recurring financial charges65 | €63k | €63k | €104k | €65k | €60k | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €6k | €3k | €1.05M | €1.09M | €235k | ▼ 78.5% |
| Income taxes67/77 | €2k | €1k | €275 | €11k | €5k | ▼ 51.4% |
| Profit (loss) for the period9904 | €4k | €2k | €1.05M | €1.08M | €229k | ▼ 78.8% |
| Profit (loss) for the period to be appropriated9905 | €4k | €2k | €1.05M | €1.08M | €229k | ▼ 78.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.20M | €2.17M | €2.11M | €2.10M | €2.11M | ▲ 0.8% |
| Fixed assets21/28 | €1.95M | €1.95M | €1.89M | €1.89M | €1.89M | = |
| Tangible fixed assets22/27 | €57k | €57k | - | - | - | - |
| Land and buildings22 | €57k | €57k | - | - | - | - |
| Financial fixed assets28 | €1.89M | €1.89M | €1.89M | €1.89M | €1.89M | = |
| Current assets29/58 | €251k | €226k | €222k | €205k | €223k | ▲ 8.6% |
| Amounts receivable within one year40/41 | €124k | €165k | €182k | €150k | €189k | ▲ 25.9% |
| Trade receivables40 | €116k | €161k | €176k | €144k | €166k | ▲ 15.1% |
| Other amounts receivable41 | €8k | €4k | €6k | €6k | €23k | ▲ 289% |
| Cash at bank and in hand54/58 | €126k | €61k | €40k | €55k | €34k | ▼ 38.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.20M | €2.17M | €2.11M | €2.10M | €2.11M | ▲ 0.8% |
| Equity10/15 | €435k | €437k | €383k | €414k | €643k | ▲ 55.4% |
| Contributions10/11 | €181k | €181k | €157k | €157k | €157k | = |
| Capital10 | €181k | €181k | €157k | €157k | €157k | = |
| Issued capital100 | €181k | €181k | €157k | €157k | €157k | = |
| Reserves13 | €18k | €18k | €16k | €16k | €16k | = |
| Non-distributable reserves130/1 | €18k | €18k | €16k | €16k | €16k | = |
| Legal reserve130 | €18k | €18k | €16k | €16k | €16k | = |
| Profit (loss) carried forward14 | €236k | €238k | €210k | €240k | €470k | ▲ 95.3% |
| Provisions and deferred taxes16 | €338k | €324k | €345k | €330k | €315k | ▼ 4.6% |
| Provisions for liabilities and charges160/5 | €338k | €324k | €345k | €330k | €315k | ▼ 4.6% |
| Other liabilities and charges164/5 | €338k | €324k | €345k | €330k | €315k | ▼ 4.6% |
| Amounts payable17/49 | €1.42M | €1.41M | €1.38M | €1.35M | €1.16M | ▼ 14.5% |
| Amounts payable after more than one year17 | €152k | €152k | €132k | €112k | €112k | = |
| Financial debts170/4 | €152k | €152k | €132k | €112k | €112k | = |
| Amounts payable within one year42/48 | €1.27M | €1.26M | €1.25M | €1.24M | €1.04M | ▼ 15.8% |
| Trade debts44 | €559k | €548k | €553k | €537k | €563k | ▲ 4.7% |
| Suppliers440/4 | €559k | €548k | €553k | €537k | €563k | ▲ 4.7% |
| Taxes, remuneration and social security45 | €4k | €3k | €2k | €13k | €7k | ▼ 43.7% |
| Taxes450/3 | €4k | €3k | €2k | €13k | €7k | ▼ 43.7% |
| Other amounts payable47/48 | €710k | €710k | €697k | €690k | €474k | ▼ 31.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €2k | €1.05M | €1.08M | €229k | ▼ 78.8% |
| Operating cash flow (approximation) | €4k | €2k | €1.05M | €1.08M | €229k | ▼ 78.8% |
| Investment in fixed assets (approximation) | - | €0 | €57k | €0 | €0 | - |
| Change in cash | - | €-65k | €-21k | €15k | €-21k | ▼ 237% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €500kEq €643k ▲55.4%
8 profitable years in a row build equity to €643k.
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
31-12
Financial
Highest result since 2018net €1.08M ▲2.6%
Operating result €107k, net result €1.08M, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €2k ▼54.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 46 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1984
Ground area
2.3 ha
Building footprint
7,721 m²
Parcel 11815A0223/00Y004, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Klein Zuidland 4, 2030 Antwerpen
since 19842.024.477.694
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11815A0223/00Y004 | Flanders | 2.3 ha | 1 · 7,721 m² | - |
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.
Similar companies · same sector, comparable size
E.G. EXPRESS
BE 0866.183.076
Brecht · Eq €641k
KD - WINGS
BE 0675.993.295
Tongeren-Borgloon · Eq €640k
ER-EXPRESS
BE 0537.642.591
Steenokkerzeel · Eq €651k
DVD Transport
BE 0687.828.780
Tongeren-Borgloon · Eq €623k
AA EXPRESS DIENSTEN
BE 0547.627.158
Antwerpen · Eq €597k
Of 4,921 companies in sector 53200 we hold annual accounts for 1,322. 521 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-03-1984
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
50200Water transport
52100Warehousing and storage
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.