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Complete company report
Generated 04-09-2026
Active BE 0798.182.811Private limited company

BELAY

Lt. Graffplein 15 ·1780 Wemmel, Belgium· 3 yrs active
Sector: Other construction installation (43240)
Conclusion Checked

The computed 12-month bankruptcy probability of BELAY is 3.0% (moderate). The 2024 annual accounts show equity of €15k and a net result of €15k. Its solvency ranks better than 32% of 11123 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €15k
Net result €15k
Better than sector 32%
Active 3 yrs
Financial profile 4 of 5 axes measured · computed by Checked
Health70Profitability100Solvency45Growth-Stability79
74 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 70
Profitability 100
Solvency 45
Growth -
Stability 79
Bankruptcy probability (12 mo) Checked model v1 · free
3.0% Moderate
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2024 · computed
70 / 100 Healthy
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€1k
estimate, not credit advice
Score components
Liquidity Current ratio 1.26 (≥ 1.0) +5
Quick ratio Quick ratio 1.26 (≥ 1.0) +5
Profitability ROE 100% (≥ 10%) +10
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 24-07-2026 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 25.9% 40.8%
better than 32% of 11123 sector peers
Net result €15k €11k
better than 57% of 11107 sector peers
Equity €15k €34k
better than 28% of 11128 sector peers
Gross operating margin €21k €35k
better than 35% of 11096 sector peers
Total assets €59k €94k
better than 32% of 11123 sector peers
Figures by fiscal year and ratios
Fiscal year2024
Depositmicro schema
Revenue-
EBITDA€20k
Net profit€15k
Cash flow€16k
Staff costs-
Income taxes€4k
Dividends-
Total assets€59k
Equity€15k
Debt€44k
of which ≤ 1y€44k
of which > 1y-
Working capital€11k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.26
Quick ratio1.26
Working capital ratio19.2%
Solvency25.9%
Debt / equity2.87
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA25.9%
ROE100.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (18 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€59k
Fixed assets 21/28€4k
Tangible fixed assets 22/27€4k
Current assets 29/58€55k
Amounts receivable within one year 40/41€55k
Cash & bank 54/58€105
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€59k
Equity 10/15€15k
Accumulated profits (losses) 14€15k
Amounts payable 17/49€44k
Amounts payable within one year 42/48€44k
Trade debts payable within one year 44€27k
Income statement
Gross operating margin 9900€21k
Operating result 9901€20k
Result before taxes 9903€20k
Income taxes 67/77€4k
Net result for the period 9904€15k
Result to be appropriated 9905€15k
Legal Structure
NACE primary Other construction installation(43240)
Legal form Private limited company(610)
Incorporation07-02-2023
StatusActive
Postal code1780
Establishment units 1 location
Jetselaan 10, 1081 Koekelberg
General construction of buildings
since 20232.346.763.362
Real-estate footprint Source: CBE × cadastre
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21492B0065/00T007 Brussels 215 m² 1 · 124 m² 17.1 m · 5 fl.
22662B0387/00R004 Flanders 147 m² 1 · 144 m² 14.9 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 2 events
2026
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 358 days late
2023
19-05
State Gazette act Capital & shares
State Gazette actNBB filing
Belgian State Gazette reading coverage 0 of 2 acts read

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.

Belgisch Staatsblad, acts 1 acts
Capital history · 1
19-05-2023
Capital change
All acts · 1 updated 3 years ago
2023
19-05-2023 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Meneer Kerman Nesat",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2023-05-03",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-05-03",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-04-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0798.182.811",
    "name_full": "BELAY",
    "legal_form": "B.V.",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "Kerman Nesat",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Other construction installation43240Specialised construction activities43299General construction of residential buildings41001Freight transport by road49410
Names & trade names
Legal nameNL BELAY
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative