BELA
ActiveBELA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €50k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 969 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+28
Solvency62▼-38
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 5.0 in 2024), and 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← 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
Solvency
34.4%
Return on assets
11.5%
Age of the figures
8 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 06-06-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
57 d early
2023
44 d early
2022
33 d early
2021
30 d late
2020
9 d early
2019
11 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▼ 48.4%
2024 · €292k
2018: €126k
2019: €152k
2020: €165k
2021: €188k
2022: €235k
2023: €266k
2024: €292k
2018 → 2025
Total assets
€438k▲ 16.4%
2024 · €376k
2018: €300k
2019: €213k
2020: €316k
2021: €274k
2022: €308k
2023: €347k
2024: €376k
2018 → 2025
Net result
€50k▲ 19.9%
2024 · €42k
2018: €10k
2019: €27k
2020: €42k
2021: €57k
2022: €47k
2023: €31k
2024: €42k
2018 → 2025
Working capital
€78k▼ 66.2%
2024 · €231k
2018: €53k
2019: €97k
2020: €106k
2021: €149k
2022: €205k
2023: €218k
2024: €231k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€188k-€235k▲ 25.2%€266k▲ 13.4%€292k▲ 9.8%€151k▼ 48.4%
Operating result€83k-€70k▼ 15.3%€45k▼ 35.6%€57k▲ 26.6%€73k▲ 27.4%
Net result€57k-€47k▼ 16.9%€31k▼ 33.7%€42k▲ 33.2%€50k▲ 19.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €438k
Fixed assets
€128k▲ 46.5%
Current assets
€310k▲ 7.2%
Equity and liabilities €438k
Equity
€151k▼ 48.4%
Debt
€287k▲ 242%
The debt ratio rises from 22.3% to 65.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€103k▲
2024 · €76k
Cash flow
€80k▲
2024 · €61k
Solvency
34.4%▼
2024 · 77.7%
Current ratio
1.34▼
2024 · 5.00
Quick ratio
1.32▼
2024 · 4.94
Debt / equity
1.90▲
2024 · 0.29
ROE
33.3%▲
2024 · 14.3%
ROA
11.5%▲
2024 · 11.1%
Interest coverage
30.30▼
2024 · 48.76
Debt
€287k▲
2024 · €84k
Debt ≤ 1 year
€232k▲
2024 · €58k
Debt > 1 year
€56k▲
2024 · €26k
Income taxes
€19k▲
2024 · €17k
Staff costs
€92k▲
2024 · €66k
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€376k€438k▲
Fixed assets21/28€88k€128k▲
Tangible fixed assets22/27€84k€124k▲
Plant, machinery and equipment23€17k€15k▼
Furniture and vehicles24€67k€109k▲
Financial fixed assets28€4k€4k=
Current assets29/58€289k€310k▲
Stocks and contracts in progress3€4k€4k▼
Stocks30/36€4k€4k▼
Amounts receivable within one year40/41€30k€34k▲
Trade receivables40€23k€27k▲
Other amounts receivable41€7k€6k▼
Cash at bank and in hand54/58€249k€262k▲
Deferred charges and accrued income490/1€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€376k€438k▲
Equity10/15€292k€151k▼
Contributions10/11€19k€19k=
Reserves13€268k€127k▼
Distributable reserves133€268k€127k▼
Profit (loss) carried forward14€6k€6k▲
Amounts payable17/49€84k€287k▲
Amounts payable after more than one year17€26k€56k▲
Financial debts170/4€26k€56k▲
Amounts payable within one year42/48€58k€232k▲
Current portion of amounts payable after more than one year42€19k€22k▲
Trade debts44€37k€13k▼
Suppliers440/4€37k€13k▼
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48-€192k
Income statement
Code20242025
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€66k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€30k▲
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€275€192▼
Gross operating margin9900€147k€197k▲
Operating profit (loss)9901€57k€73k▲
Financial income75/76B€3k€84▼
Recurring financial income75€3k€84▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€59k€70k▲
Income taxes67/77€17k€19k▲
Profit (loss) for the period9904€42k€50k▲
Profit (loss) for the period to be appropriated9905€42k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€56k▲
Profit (loss) brought forward from the previous period14P€6k€6k▲
Transfer from equity791/2€16k€192k▲
Transfer to equity691/2€42k€50k▲
To other reserves6921€42k€50k▲
Profit to be distributed694/7€16k€192k▲
Return on contributions (dividend)694€16k€192k▲
The notes to these accounts (10 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
06-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €235k ▲25.2%
5 profitable years in a row build equity to €235k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €57k ▲34.7%
Operating result €83k, net result €57k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 3.47
Current ratio from 1.35 to 3.47; short-term debt falls from €153k to €39k.
31-12
Financial
Equity above €150kEq €152k ▲21.2%
2 profitable years in a row build equity to €152k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lubbeek · 1 establishment unit since 1988
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.
Staatsbaan(LUB) 3203210 LubbeekGround area
6,080 m²
Building footprint
178 m²
Volume, LiDAR
1,064 m³
Parcel 24066A0206/00G006, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVBA BELA
since 19882.036.719.292
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066A0206/00G006 | Flanders | 6,080 m² | 1 · 178 m² | 7.0 m · 2 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.
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Baeyens Dennis
BE 0699.865.490
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GKL AFSLUITINGEN
BE 0467.518.224
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ILKA GRONDWERKEN
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Hamme (Vl.) · Eq €150k
Of 2,316 companies in sector 42110 we hold annual accounts for 1,086. 757 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-1988
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
45230
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.