BELAMA
ActiveSummary
BELAMA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18,762 and a net result of €670,703. Equity remains stable across the filed fiscal years (±2.4% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency27▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.05 in 2023; short-term debt: 97% and cash: 55% of total assets), and 98.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
34 d early
2023
13 d early
2022
25 d late
2021
30 d late
2020
22 d early
2019
3 d late
← 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 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 19 July (4 of the last 5 filed years within 37 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 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
Equity
€18,762▼ 1.6%
2023 · €19,059
Total assets
€1.0m▲ 76.0%
2023 · €575,589
Net result
€670,703▲ 44.6%
2023 · €463,954
Working capital
€28,680▲ 3.3%
2023 · €27,752
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 69, Legal and accounting activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€455,025▲ 17.0%€613,975▲ 34.9%€589,931▼ 3.9%€612,565▲ 3.8%€885,532▲ 44.6%
Net result€346,580above the sector's middle half▲ 23.5%€463,736above the sector's middle half▲ 33.8%€447,767above the sector's middle half▼ 3.4%€463,954above the sector's middle half▲ 3.6%€670,703above the sector's middle half▲ 44.6%
Equity€20,602below the sector's middle half▼ 2.0%€21,338below the sector's middle half▲ 3.6%€21,105below the sector's middle half▼ 1.1%€19,059below the sector's middle half▼ 9.7%€18,762below the sector's middle half▼ 1.6%
Total assets€394,180within the sector's middle half▼ 2.6%€546,792above the sector's middle half▲ 38.7%€507,915below the sector's middle half▼ 7.1%€575,589within the sector's middle half▲ 13.3%€1.0mwithin the sector's middle half▲ 76.0%
Debt€373,578▼ 2.6%€525,454▲ 40.7%€486,810▼ 7.4%€556,530▲ 14.3%€994,057▲ 78.6%
Working capital€18,728within the sector's middle half▼ 22.5%€21,316within the sector's middle half▲ 13.8%€28,950within the sector's middle half▲ 35.8%€27,752within the sector's middle half▼ 4.1%€28,680within the sector's middle half▲ 3.3%
Solvency5.2%below the sector's middle half=3.9%below the sector's middle half▼ 1.3pp4.2%below the sector's middle half▲ 0.3pp3.3%below the sector's middle half▼ 0.8pp1.9%below the sector's middle half▼ 1.5pp
Current ratio1.05below the sector's middle half▼ 0.021.04below the sector's middle half▼ 0.011.06within the sector's middle half▲ 0.021.05within the sector's middle half▼ 0.011.03below the sector's middle half▼ 0.02
Return on assets (ROA)87.9%above the sector's middle half▲ 18.6pp84.8%above the sector's middle half▼ 3.1pp88.2%above the sector's middle half▲ 3.3pp80.6%above the sector's middle half▼ 7.6pp66.2%above the sector's middle half▼ 14.4pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 45% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€2,082 ▼ 37.0%
Current assets
€1.0m ▲ 76.6%
Equity and liabilities €1.0m
Equity
€18,762 ▼ 1.6%
Debt
€994,057 ▲ 78.6%
Debt's share of the balance-sheet total rises from 96.7% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€887,723▲
2023 · €614,734
Cash flow
€672,894▲
2023 · €466,123
Debt to equity
52.98▲
2023 · 29.20
Interest coverage
13035.58▼
2023 · 25040.08
Debt ≤ 1 year
€982,057▲
2023 · €544,530
Income taxes
€217,494▲
2023 · €148,586
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €18,762).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 536 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.4%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 536 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,333 | €15,114 | €15,319 | €2,169 | €2,191 | ▲ 1.0% |
| Other operating charges640/8 | - | €629 | €471 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €469,705 | €629,719 | €605,721 | €615,118 | €888,111 | ▲ 44.4% |
| Operating profit (loss)9901 | €455,025 | €613,975 | €589,931 | €612,565 | €885,532 | ▲ 44.6% |
| Financial income75/76B | - | €1,734 | €1,980 | €0 | €2,733 | ▲ 27,330,300% |
| Recurring financial income75 | €308 | €1,734 | €1,980 | €0 | €2,733 | ▲ 27,330,300% |
| Financial charges65/66B | - | €233 | €413 | €25 | €68 | ▲ 177% |
| Recurring financial charges65 | €661 | €233 | €413 | €25 | €68 | ▲ 177% |
| Profit (loss) for the period before taxes9903 | €454,672 | €615,477 | €591,498 | €612,540 | €888,197 | ▲ 45.0% |
| Income taxes67/77 | €108,092 | €151,741 | €143,731 | €148,586 | €217,494 | ▲ 46.4% |
| Profit (loss) for the period9904 | €346,580 | €463,736 | €447,767 | €463,954 | €670,703 | ▲ 44.6% |
| Profit (loss) for the period to be appropriated9905 | €346,580 | €463,736 | €447,767 | €463,954 | €670,703 | ▲ 44.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €394,180 | €546,792 | €507,915 | €575,589 | €1.0m | ▲ 76.0% |
| Fixed assets21/28 | €32,836 | €18,371 | €4,155 | €3,307 | €2,082 | ▼ 37.0% |
| Tangible fixed assets22/27 | €32,836 | €18,371 | €4,155 | €3,307 | €2,082 | ▼ 37.0% |
| Plant, machinery and equipment23 | - | €613 | €919 | €1,352 | €877 | ▼ 35.1% |
| Furniture and vehicles24 | - | €17,758 | €3,235 | €1,955 | €1,205 | ▼ 38.4% |
| Current assets29/58 | €361,344 | €528,421 | €503,760 | €572,282 | €1.0m | ▲ 76.6% |
| Amounts receivable within one year40/41 | €216,103 | €217,228 | €166,869 | €111,575 | €453,305 | ▲ 306% |
| Trade receivables40 | - | €173,943 | €166,869 | €111,575 | €453,305 | ▲ 306% |
| Other amounts receivable41 | - | €43,286 | - | - | - | - |
| Cash at bank and in hand54/58 | €144,659 | €304,773 | €336,332 | €454,315 | €557,258 | ▲ 22.7% |
| Deferred charges and accrued income490/1 | - | €6,420 | €559 | €6,392 | €175 | ▼ 97.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €394,180 | €546,792 | €507,915 | €575,589 | €1.0m | ▲ 76.0% |
| Equity10/15 | €20,602 | €21,338 | €21,105 | €19,059 | €18,762 | ▼ 1.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,002 | €2,738 | €2,505 | €459 | €162 | ▼ 64.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €878 | €645 | €459 | €162 | ▼ 64.7% |
| Amounts payable17/49 | €373,578 | €525,454 | €486,810 | €556,530 | €994,057 | ▲ 78.6% |
| Amounts payable after more than one year17 | €18,962 | €6,349 | - | - | - | - |
| Financial debts170/4 | - | €6,349 | - | - | - | - |
| Amounts payable within one year42/48 | €342,616 | €507,105 | €474,810 | €544,530 | €982,057 | ▲ 80.3% |
| Current portion of amounts payable after more than one year42 | - | €12,613 | €6,349 | - | - | - |
| Trade debts44 | €551 | €6,481 | €459 | €6,507 | €6,442 | ▼ 1.0% |
| Suppliers440/4 | - | €6,481 | €459 | €6,507 | €6,442 | ▼ 1.0% |
| Taxes, remuneration and social security45 | - | €25,011 | €19,625 | €18,792 | €8,829 | ▼ 53.0% |
| Taxes450/3 | - | €25,011 | €19,625 | €18,792 | €8,829 | ▼ 53.0% |
| Other amounts payable47/48 | - | €463,000 | €448,377 | €519,232 | €966,786 | ▲ 86.2% |
| Accrued charges and deferred income492/3 | - | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €346,580 | €463,736 | €447,767 | €463,954 | €670,703 | ▲ 44.6% |
| + Depreciation and write-downs630 | €14,333 | €15,114 | €15,319 | €2,169 | €2,191 | ▲ 1.0% |
| Operating cash flow (approximation) | €360,913 | €478,850 | €463,085 | €466,123 | €672,894 | ▲ 44.4% |
| Investment in fixed assets (approximation) | - | -€649 | -€1,102 | -€1,321 | -€967 | ▲ 26.8% |
| Change in cash | - | €160,114 | €31,560 | €117,983 | €102,942 | ▼ 12.7% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €670,703 ▲44.6%
Operating result €885,532, net result €670,703, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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.
0 of 2 acts read
About the unread acts
We know of 2 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 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hoeilaart · 1 establishment unit since 2015
Ground area
1,119 m²
Building footprint
236 m²
Parcel 23033A0724/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
BELAMA
since 20152.248.851.958
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033A0724/00R000 | Flanders | 1,119 m² | 1 · 236 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.
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Of 22,057 companies in this sector we hold annual accounts for 9,060. 6,032 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644833630
Also
9925:BE0644833630
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.