BELASSET01 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.05M and a net result of €-418k. Equity is shrinking by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 5498 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
10 d late
2024
14 d late
2023
36 d late
2022
38 d late
2021
19 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.05M▼ 17.0%
2024 · €2.47M
2021: €3.05M
2022: €2.92M
2023: €1.58M
2024: €2.47M
2021 → 2025
Net result
€-418k▲ 4.6%
2024 · €-438k
2021: €-559k
2022: €-130k
2023: €-364k
2024: €-438k
2021 → 2025
Total assets
€3.77M▼ 13.5%
2024 · €4.37M
2021: €5.29M
2022: €5.10M
2023: €3.59M
2024: €4.37M
2021 → 2025
Solvency
54.2%▼ 2.2pp
2024 · 56.5%
2021: 57.6%
2022: 57.1%
2023: 43.9%
2024: 56.5%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€420k-€264k▼ 37.2%€238k▼ 9.7%€256k▲ 7.3%€306k▲ 19.7%
Equity€3.05M-€2.92M▼ 4.3%€1.58M▼ 45.8%€2.47M▲ 56.1%€2.05M▼ 17.0%
Operating result€-398k-€-14k▲ 96.5%€-319k▼ 2,216%€-380k▼ 19.3%€-366k▲ 3.6%
Net result€-559k-€-130k▲ 76.7%€-364k▼ 180%€-438k▼ 20.3%€-418k▲ 4.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €366k in 2025 against €380k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.77M
Fixed assets
€3.46M▼ 14.8%
Current assets
€315k▲ 3.7%
Equity and liabilities €3.77M
Equity
€2.05M▼ 17.0%
Provisions
€293k▼ 1.5%
Debt
€1.43M▼ 10.5%
The debt ratio rises from 36.7% to 38.0%. Equity and debt are lower.
Key figures and ratios
Solvency
54.2%▼
2024 · 56.5%
ROE
-20.4%▼
2024 · -17.8%
ROA
-11.1%▼
2024 · -10.0%
Debt
€1.43M▼
2024 · €1.60M
Debt ≤ 1 year
€155k▼
2024 · €165k
Debt > 1 year
€1.27M▼
2024 · €1.41M
Income taxes
€38k▼
2024 · €39k
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€4.37M€3.77M▼
Fixed assets21/28€4.06M€3.46M▼
Intangible fixed assets21€404k-
Tangible fixed assets22/27€3.66M€3.46M▼
Land and buildings22€3.66M€3.46M▼
Furniture and vehicles24€824€2k▲
Current assets29/58€304k€315k▲
Amounts receivable within one year40/41€195k€279k▲
Trade receivables40€3k€26▼
Other amounts receivable41€192k€279k▲
Cash at bank and in hand54/58€109k€36k▼
Deferred charges and accrued income490/1€181€190▲
Equity and liabilities
Total equity and liabilities10/49€4.37M€3.77M▼
Equity10/15€2.47M€2.05M▼
Contributions10/11€1.37M€1.37M=
Revaluation surpluses12€2.58M€2.58M=
Reserves13€163k€149k▼
Non-distributable reserves130/1€163k-
Other1319€163k-
Tax-exempt reserves132-€149k
Profit (loss) carried forward14€-1.65M€-2.06M▼
Provisions and deferred taxes16€297k€293k▼
Deferred taxes168€297k€293k▼
Amounts payable17/49€1.60M€1.43M▼
Amounts payable after more than one year17€1.41M€1.27M▼
Financial debts170/4€1.41M€1.27M▼
Amounts payable within one year42/48€165k€155k▼
Current portion of amounts payable after more than one year42€139k€141k▲
Trade debts44€8k€71▼
Suppliers440/4€8k€71▼
Taxes, remuneration and social security45€17k€14k▼
Taxes450/3€17k€14k▼
Accrued charges and deferred income492/3€26k€8k▼
Income statement
Code20242025
Turnover70€256k€306k▲
Goods, raw materials, services and sundry goods60/61€39k€32k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€571k€605k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5k
Other operating charges640/8€25k€31k▲
Gross operating margin9900€217k€274k▲
Operating profit (loss)9901€-380k€-366k▲
Financial income75/76B-€67
Recurring financial income75-€67
Financial charges65/66B€20k€18k▼
Recurring financial charges65€20k€18k▼
Profit (loss) for the period before taxes9903€-400k€-385k▲
Transfer from deferred taxes780€772€5k▲
Income taxes67/77€39k€38k▼
Profit (loss) for the period9904€-438k€-418k▲
Transfer from tax-exempt reserves789€2k€14k▲
Profit (loss) for the period to be appropriated9905€-436k€-404k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.65M€-2.06M▼
Profit (loss) brought forward from the previous period14P€-1.22M€-1.65M▼
The notes to these accounts (12 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Equity above €2MEq €2.47M ▲56.1%
Equity rises from €1.58M to €2.47M.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 36 days late
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.95
Current ratio from 0.79 to 1.95.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Bilzen-Hoeselt · 1 establishment unit since 2020
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.
Stationlaan 423740 Bilzen-HoeseltGround area
287 m²
Building footprint
145 m²
Volume, LiDAR
1,118 m³
Parcel 73006H0883/00F000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BELASSET
since 20202.298.904.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006H0883/00F000 | Flanders | 287 m² | 1 · 145 m² | 12.0 m · 3 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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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 10,847 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2020
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.