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BELASCO

Active
Public limited companyfounded 201115 yrs activeChristoffel Columbuslaan Z/N, 9042 Gent, BelgiumKBO/BCE: BE 0835.182.668
Summary

BELASCO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.0m and a net result of €305,923. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
BELASCOActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23990
4 sites
Size
€27.6mturnover 2025
Staff
41.6 FTE
Equity
€7.0m
Profit
€305,923
Financial health
87 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
BESIX Infra · 100%
Board
4 members
Auditor: DELOITTE Bedrijfsrevisoren BVAccounts 38 d early
Why 87- Liquidity: current ratio 1.12, cash €1.2m- Size: turnover €27.6m, 41.6 FTE, total assets €18.1m+ Sector Manufacture of other non-metallic mineral products (NACE 23)+ Figures for FY 2025 (filed 23-06-2026)Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Better than 35% of its sector peers (NACE 23, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 64+3
equity 38.5% of total assets
Liquidity 32+1
short-term debt 52.1% · cash 6.5%
Profitability 63+2
return on assets 1.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (235 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%▼ -4.0% vs 01-2025 03-2025: 0.3%▲ +2.7% vs 02-2025 04-2025: 0.3%▲ +10.0% vs 03-2025 05-2025: 0.3%▲ +3.7% vs 04-2025 06-2025: 0.3%▲ +9.8% vs 05-2025highest value 07-2025: 0.1%▼ -65.6% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.3% vs 01-2026lowest value 03-2026: 0.1%● 0.0% vs 02-2026lowest value 04-2026: 0.1%▲ +5.4% vs 03-2026 05-2026: 0.1%▲ +3.4% vs 04-2026 06-2026: 0.1%▲ +3.3% vs 05-2026 07-2026: 0.2%▲ +47.2% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%▼ -2.2% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Liquidity: current ratio 1.12, cash €1.2m raises the probability
  • Sector Manufacture of other non-metallic mineral products (NACE 23) lowers the probability
  • Figures for FY 2025 (filed 23-06-2026) lowers the probability
  • Size: turnover €27.6m, 41.6 FTE, total assets €18.1m raises the probability for this profile
Credit up to €600,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.99 in 2024; short-term debt: 52.1% and cash: 6.5% of total assets), and 61.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 23, small). Better than this share of them on solvency 42%, liquidity 25%, profitability 35%, growth against the median 40%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.12, cash €1.2m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Manufacture of other non-metallic mineral products (NACE 23)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Figures for FY 2025 (filed 23-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Size: turnover €27.6m, 41.6 FTE, total assets €18.1m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 d early
2024
38 d early
2023
33 d early
2022
41 d early
2021
37 d early
2020
33 d early
2019
36 d 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 37 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% 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 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Resignation: BESIX Infra NV (director)Appointments: Manangali BV (director) and…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Resignation: BESIX Infra nv (director)Appointment: Manangali bv (director) ·…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by BESIX Infraultimately: BESIX Group 100% View
  • Board changedlatest change 24-07-2026 · 4 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2025
Turnover
€27.6m
Profit
€305,923
Solvency
38.5%
Turnover▼ 7.8%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Parent
BESIX Infra · 100%
Auditor
DELOITTE Bedrijfsrevisoren BV
Go to Board & ownership

Timeline

Events
36
Since
2011
Next accounts
by 31-07-2027
  1. 24-07-2026Resignation: BESIX Infra NV (director)
  2. 23-06-2026Annual accounts filed
  3. 05-11-2025Resignation: BESIX Infra nv (director)
Go to Timeline

Company details

Sites
4
Legal form
Public limited company
Activity
Manufacture of other non-metallic mineral productsNACE 23990
Founded
04-04-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Het produceren, verwerken en verhandelen van asfalt en aan asfalt verwante producten; het…
Go to Articles of association

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