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BELARE

Active
Non-profit associationfounded 2016active for 10 yearsVeeartsenstraat 42B, 1070 Anderlecht, BelgiumKBO/BCE: BE 0664.682.996
Summary

BELARE has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8 and a net result of €0. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 10% of 883 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
BELAREActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
1 site
Size
€4.1mturnover 2025
Staff
0.2 FTE
Equity
€8
Surplus
€0
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts 107 days early1 of 3 deeds summarised
Why 90raises riskEquity €8 (0.0% of total assets)lowers riskLegal form: non-profit associationSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: turnover €4.1m, 0.2 FTE, total assets €944,143Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 19% of its sector peers (NACE 71, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 25=
equity 0.0% of total assets
Liquidity 2-20
short-term debt 100.0% · cash 1.5%
Profitability 38=
return on assets 0.0%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,804 companies, NACE 71, micro)
Last 24 months 11-2024: < 0.1%highest value 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro): better than 9% on solvency, 2% on liquidity, 17% on profitability and 48% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
lowers risk · Size: turnover €4.1m, 0.2 FTE, total assets €944,143
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €8 (0.0% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 883 sector peers (2025).
NBB · sector comparison
Position among 883 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-10-2025, 107 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
107 days early
2024
44 days early
2023
114 days early
2022
124 days early
2021
117 days early
2020
132 days early
2019
59 days 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 100 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 9 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end24-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Reappointments: Nighat Amin, Eric Goens and…Appointment: Eric Goens (chair of…

Key points

  • Caution: Among the weakest 10% on solvencysector median 41.4% · 883 companies 0.0% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 4 years of growth in a rowturnover 2025: €4.1m 4 years View

By topic

Financials

Financial year
2025
Turnover
€4.1m
Profit
€0
Solvency
0.0%
Turnover▲ 4.9%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
  • Eric GoensChair
  • LA FONDATION POLAIRE INTERNATIONALEDirector
  • Nighat AminDirector
Go to Board & ownership

Timeline

Events
12
Since
2018
Next accounts
by 31-01-2027
  1. 09-10-2023Annual accounts filed
  2. 29-09-2022Annual accounts filed
  3. 06-10-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Founded
17-10-2016
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
28
Purpose
“Acquérir, vendre, prendre et mettre en location ou à disposition et maintenir en état de…” (deed in French)
Go to Articles of association

Key facts about BELARE

What is the company number of BELARE?
0664.682.996. In Belgium the VAT number is the company number with BE in front: BE 0664.682.996.
Where is BELARE based?
The registered office is at Veeartsenstraat 42B, 1070 Anderlecht.Company details
What does BELARE do?
According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
What is the legal form of BELARE?
Non-profit association (VZW).
When was BELARE founded?
On 17-10-2016.
Is BELARE still active?
Yes, BELARE is an active enterprise in the KBO register.
How many employees does BELARE have?
On average 0.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BELARE?
€4.1m in financial year 2025, according to the filed annual accounts.
Is BELARE profitable?
In financial year 2025, BELARE made a profit of €0.
Where can I find the annual accounts of BELARE?
BELARE filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BELARE due?
By 31-01-2027, for financial year 2026.Timeline

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