BELBESCA
ActiveSummary
The annual accounts of BELBESCA for fiscal year 2025 show a net loss of 93% of the equity at the start of that year. The 2025 annual accounts show equity of €803 and a net result of -€9,902. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 663 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34=
Solvency25▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.01 against 1.02 in 2024; short-term debt: 99.2% of total assets), and 99.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.1%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,902
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 663 sector peers (2025).
NBB · sector comparisonPosition among 663 sector peers
Solvency
better than 9%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
30 d early
2023
27 d early
2022
4 d early
2021
17 d early
2020
25 d early
2019
53 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 11 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by staff growth in Geel, Manufacturing sector#9 employer in Geel, Manufacturing sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€4.8m
EBIT margin
-0.1%
Net result
-€9,902▲ 30.9%
2024 · -€14,321
Working capital
€6,008▼ 61.7%
2024 · €15,674
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€4.8m
Operating result€14,409▼ 86.2%-€179,602-€2,676▲ 98.5%-€8,490▼ 217%-€11,445▼ 34.8%
Net result€12,044within the sector's middle half▼ 84.1%-€182,104below the sector's middle half-€14,462below the sector's middle half▲ 92.1%-€14,321below the sector's middle half▲ 1.0%-€9,902below the sector's middle half▲ 30.9%
EBIT margin-0.1%
Equity€221,592within the sector's middle half▲ 5.7%€39,488below the sector's middle half▼ 82.2%€25,025below the sector's middle half▼ 36.6%€10,705below the sector's middle half▼ 57.2%€803below the sector's middle half▼ 92.5%
Total assets€763,375within the sector's middle half▼ 7.1%€775,506within the sector's middle half▲ 1.6%€772,502within the sector's middle half▼ 0.4%€901,504within the sector's middle half▲ 16.7%€757,530below the sector's middle half▼ 16.0%
Debt€541,783▼ 11.5%€736,018▲ 35.9%€747,477▲ 1.6%€890,799▲ 19.2%€756,727▼ 15.1%
Working capital€228,489within the sector's middle half▲ 7.0%€46,285within the sector's middle half▼ 79.7%€31,388within the sector's middle half▼ 32.2%€15,674within the sector's middle half▼ 50.1%€6,008within the sector's middle half▼ 61.7%
Solvency29.0%within the sector's middle half▲ 3.5pp5.1%below the sector's middle half▼ 23.9pp3.2%below the sector's middle half▼ 1.9pp1.2%below the sector's middle half▼ 2.1pp0.1%below the sector's middle half▼ 1.1pp
Current ratio1.43within the sector's middle half▲ 0.081.06within the sector's middle half▼ 0.361.04within the sector's middle half▼ 0.021.02within the sector's middle half▼ 0.021.01within the sector's middle half▼ 0.01
Return on assets (ROA)1.6%within the sector's middle half▼ 7.7pp-23.5%below the sector's middle half▼ 25.1pp-1.9%below the sector's middle half▲ 21.6pp-1.6%below the sector's middle half▲ 0.3pp-1.3%below the sector's middle half▲ 0.3pp
Staff (FTE)28above the sector's middle half▼ 2.1%25.7above the sector's middle half▼ 8.2%23.7above the sector's middle half▼ 7.8%35.3above the sector's middle half▲ 48.9%42.9within the sector's middle half▲ 21.5%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,445 in 2025 against €8,490 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €757,530
Equity
€803 ▼ 92.5%
Debt
€756,727 ▼ 15.1%
Debt's share of the balance-sheet total rises from 98.8% to 99.9%. Equity and debt are lower.
Key figures and ratios
Debt ≤ 1 year
€751,522▼
2024 · €885,830
Staff costs
€2.3m▲
2024 · €2.1m
Equity ratios withheld: equity of €803 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.4%
went bankrupt
2.1%
stopped otherwise
95%
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 0.6% 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 497,340 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 912 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €4.8m | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €3,679 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €3.5m | - | - | - |
| Remuneration, social security and pensions62 | €1.3m | €1.3m | €1.3m | €2.1m | €2.3m | ▲ 9.3% |
| Other operating charges640/8 | €6,711 | €10,179 | €3,011 | €1,326 | €996 | ▼ 24.8% |
| Gross operating margin9900 | €1.3m | €1.1m | €1.3m | €2.1m | €2.3m | ▲ 9.2% |
| Operating profit (loss)9901 | €14,409 | -€179,602 | -€2,676 | -€8,490 | -€11,445 | ▼ 34.8% |
| Financial income75/76B | €4,487 | €3,778 | €3,624 | €2,375 | €2,232 | ▼ 6.0% |
| Recurring financial income75 | €4,487 | €3,778 | €3,624 | €2,375 | €2,232 | ▼ 6.0% |
| Financial charges65/66B | €2,735 | €6,367 | €15,410 | €8,206 | €689 | ▼ 91.6% |
| Recurring financial charges65 | €2,735 | €6,367 | €15,410 | €8,206 | €689 | ▼ 91.6% |
| Profit (loss) for the period before taxes9903 | €16,161 | -€182,191 | -€14,462 | -€14,321 | -€9,902 | ▲ 30.9% |
| Income taxes67/77 | €4,116 | -€87 | - | - | - | - |
| Profit (loss) for the period9904 | €12,044 | -€182,104 | -€14,462 | -€14,321 | -€9,902 | ▲ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €12,044 | -€182,104 | -€14,462 | -€14,321 | -€9,902 | ▲ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €763,375 | €775,506 | €772,502 | €901,504 | €757,530 | ▼ 16.0% |
| Current assets29/58 | €763,375 | €775,506 | €772,502 | €901,504 | €757,530 | ▼ 16.0% |
| Amounts receivable within one year40/41 | €763,308 | €775,299 | €770,399 | €901,434 | €757,456 | ▼ 16.0% |
| Trade receivables40 | €451,963 | €523,232 | €584,436 | €665,499 | €414,321 | ▼ 37.7% |
| Other amounts receivable41 | €311,345 | €252,067 | €185,964 | €235,935 | €343,135 | ▲ 45.4% |
| Deferred charges and accrued income490/1 | €67 | €207 | €2,103 | €70 | €73 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €763,375 | €775,506 | €772,502 | €901,504 | €757,530 | ▼ 16.0% |
| Equity10/15 | €221,592 | €39,488 | €25,025 | €10,705 | €803 | ▼ 92.5% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | €153,942 | -€28,162 | -€42,625 | -€56,945 | -€66,847 | ▼ 17.4% |
| Amounts payable17/49 | €541,783 | €736,018 | €747,477 | €890,799 | €756,727 | ▼ 15.1% |
| Amounts payable within one year42/48 | €534,886 | €729,221 | €741,114 | €885,830 | €751,522 | ▼ 15.2% |
| Trade debts44 | €317,331 | €436,712 | €525,180 | €438,105 | €322,590 | ▼ 26.4% |
| Suppliers440/4 | €317,331 | €436,712 | €525,180 | €438,105 | €322,590 | ▼ 26.4% |
| Taxes, remuneration and social security45 | €217,555 | €211,630 | €215,935 | €447,725 | €428,932 | ▼ 4.2% |
| Taxes450/3 | €31,294 | €27,716 | €23,532 | €40,614 | €48,731 | ▲ 20.0% |
| Remuneration and social security454/9 | €186,261 | €183,913 | €192,403 | €407,111 | €380,200 | ▼ 6.6% |
| Other amounts payable47/48 | - | €80,879 | - | - | - | - |
| Accrued charges and deferred income492/3 | €6,897 | €6,797 | €6,362 | €4,969 | €5,205 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,044 | -€182,104 | -€14,462 | -€14,321 | -€9,902 | ▲ 30.9% |
| Operating cash flow (approximation) | €12,044 | -€182,104 | -€14,462 | -€14,321 | -€9,902 | ▲ 30.9% |
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
18-08
State Gazette act
Reappointment: L&S Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Maria Otten and Maxim Oeyen3 facts ▸
State Gazette act
Reappointment: L&S Bedrijfsrevisoren BV (statutory auditor)
Permanent representatives: Maria Otten and Maxim Oeyen3 facts ▸
- Auditor reappointment, L&S Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Maria Otten (permanent representative)
- Permanent representative, Maxim Oeyen (permanent representative)
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€182,104
Net result drops to -€182,104, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €75,856 ▲3.3%
Operating result €104,222, net result €75,856, both a record.
31-12
Financial
Equity above €200,000Eq €209,548 ▲56.7%
2 profitable years in a row build equity to €209,548.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
31-12
Financial
Back to profitnet €73,451
Net result €73,451 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €100,000Eq €133,692 ▲122%
Equity rises from €60,241 to €133,692.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 1 has been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
L&S Réviseurs d'Entreprises, L&S Bedrijfsrevisoren, L&S Registered Auditors
CurrentStatutory auditor · since 18-08-2026 · perm. rep.: Saskia Luteijn
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 2006
Ground area
2.4 ha
Building footprint
8,509 m²
Parcel 13373K0328/00C002, Flanders. Linked by address, not a title deed.
1 establishment unit
BELBESCA
since 20062.158.380.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373K0328/00C002 | Flanders | 2.4 ha | 1 · 8,509 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| L&S Réviseurs d'Entreprises, L&S Bedrijfsrevisoren, L&S Registered Auditors |
|
Structure & network
Part of the group
SOPRACO
13 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- SOPRACO
- BELBESCA
Highest known parent: SOPRACO. The sources do not say who stands above it.
Owners 1
- SOPRACOparentSourceaccounts SOPRACO 202599.6%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeel2.158.380.553
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Of 598 companies in sector 10111 we hold annual accounts for 330. 15 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886022546
Also
9925:BE0886022546
Registered
19-08-2025
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.