BEL88

Active

Private limited companyfounded 20215 yrs activeLouis Schmidtlaan 24, 1040 Etterbeek, BelgiumKBO/BCE: BE 0772.994.978

The computed 12-month bankruptcy probability of BEL88 is 6.5% (elevated). The 2024 annual accounts show equity of €13k and a net result of €-4k. Equity is growing by ~36.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

50 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability35▼-19

Solvency29▼-5

Growth78=

Track record94

Bankruptcy probability, 12 months

6.5% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity ample (current ratio 25.86 against 2.73 in 2023; short-term debt: 1.9% and cash: 48.6% of total assets), but 96.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

3.8%

Return on assets

-1%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

131 d late

2023

21 d late

2022

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€13k▼ 21.8%

2023 · €16k

2022: €4k 2023: €16k

2022 → 2024

Total assets

€336k▲ 77.2%

2023 · €190k

2022: €176k 2023: €190k

2022 → 2024

Net result

€-4k

2023 · €13k

2022: €-6k 2023: €13k

2022 → 2024

Working capital

€157k▲ 1,371%

2023 · €11k

2022: €-2k 2023: €11k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€4k-€16k▲ 360%€13k▼ 21.8%

Operating result€-6k-€-5k▲ 18.9%€-3k▲ 34.0%

Net result€-6k-€13k€-4k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3k in 2024 against €5k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €336k

51.4%

48.6%

Fixed assets €173k=

Current assets €163k▲ 870%

Equity and liabilities €336k

96.2%

Equity €13k▼ 21.8%

Debt €324k▲ 86.4%

The debt ratio rises from 91.5% to 96.2%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

Solvency

3.8%▼

2023 · 8.5%

Current ratio

25.86▲

2023 · 2.73

Quick ratio

25.86▲

2023 · 2.73

Debt / equity

25.59▲

2023 · 10.74

ROE

-27.9%▼

2023 · 78.3%

ROA

-1.0%▼

2023 · 6.7%

Debt

€324k▲

2023 · €174k

Debt ≤ 1 year

€6k▲

2023 · €6k

Debt > 1 year

€317k▲

2023 · €168k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€190k€336k▲

Fixed assets21/28€173k€173k=

Financial fixed assets28€173k€173k=

Current assets29/58€17k€163k▲

Cash at bank and in hand54/58€17k€163k▲

Equity and liabilities

Total equity and liabilities10/49€190k€336k▲

Equity10/15€16k€13k▼

Contributions10/11€10k€10k=

Profit (loss) carried forward14€6k€3k▼

Amounts payable17/49€174k€324k▲

Amounts payable after more than one year17€168k€317k▲

Other amounts payable178/9€168k€317k▲

Amounts payable within one year42/48€6k€6k▲

Trade debts44€6k€6k▲

Suppliers440/4€6k€6k▲

Income statement Code20232024

Gross operating margin9900€-5k€-3k▲

Operating profit (loss)9901€-5k€-3k▲

Financial income75/76B€18k-

Recurring financial income75€18k-

Financial charges65/66B€120€135▲

Recurring financial charges65€120€135▲

Profit (loss) for the period before taxes9903€13k€-4k▼

Profit (loss) for the period9904€13k€-4k▼

Profit (loss) for the period to be appropriated9905€13k€-4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€6k€3k▼

Profit (loss) brought forward from the previous period14P€-6k€6k▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 3Filings 3

2025

09-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 131 days late

2024

31-12

Financial Liquidity times 9current ratio 25.86

Current ratio from 2.73 to 25.86.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

31-12

Financial Back to profitnet €13k

Net result €13k after one loss-making year.

31-12

Financial Liquidity times 5current ratio 2.73

Current ratio from 0.58 to 2.73.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Etterbeek · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Louis Schmidtlaan 241040 Etterbeek

Ground area

413 m²

Building footprint

197 m²

Volume, LiDAR

2,482 m³

Parcel 21363B0354/00M005, Brussels · tallest building 31.9 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

BEL88

Louis Schmidtlaan 24, 1040 EtterbeekHoldings

since 20212.322.552.459

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21363B0354/00M005	Brussels	413 m²	1 · 197 m²	31.9 m · 4 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.

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-08-2021

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.