belbi
ActiveSummary
belbi has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €229,968 and a net result of €7,503. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 58% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▼-4
Solvency67▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.58 in 2023; short-term debt: 22.9% and cash: 5.7% of total assets), and 57.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
24 d early
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€229,968▲ 3.4%
2023 · €222,465
Total assets
€543,526▼ 3.9%
2023 · €565,541
Net result
€7,503▲ 0.9%
2023 · €7,436
Working capital
-€52,450▲ 2.9%
2023 · -€53,989
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€42,656▲ 1,101%€8,000▼ 81.2%€21,711▲ 171%€18,966▼ 12.6%€20,177▲ 6.4%
Net result€31,535above the sector's middle half▲ 16,601%€24,711above the sector's middle half▼ 21.6%€11,509within the sector's middle half▼ 53.4%€7,436within the sector's middle half▼ 35.4%€7,503within the sector's middle half▲ 0.9%
Equity€178,809above the sector's middle half▲ 21.4%€203,520above the sector's middle half▲ 13.8%€215,030above the sector's middle half▲ 5.7%€222,465above the sector's middle half▲ 3.5%€229,968above the sector's middle half▲ 3.4%
Total assets€416,680above the sector's middle half▲ 5.3%€507,665above the sector's middle half▲ 21.8%€620,342above the sector's middle half▲ 22.2%€565,541above the sector's middle half▼ 8.8%€543,526above the sector's middle half▼ 3.9%
Debt€229,027▼ 7.3%€295,898▲ 29.2%€397,663▲ 34.4%€336,024▼ 15.5%€307,439▼ 8.5%
Working capital€47,698within the sector's middle half▲ 111%-€86,181below the sector's middle half-€58,524below the sector's middle half▲ 32.1%-€53,989below the sector's middle half▲ 7.7%-€52,450below the sector's middle half▲ 2.9%
Solvency42.9%within the sector's middle half▲ 5.7pp40.1%within the sector's middle half▼ 2.8pp34.7%within the sector's middle half▼ 5.4pp39.3%within the sector's middle half▲ 4.7pp42.3%within the sector's middle half▲ 3.0pp
Current ratio1.46within the sector's middle half▲ 0.250.54below the sector's middle half▼ 0.920.64below the sector's middle half▲ 0.110.58below the sector's middle half▼ 0.070.58below the sector's middle half=
Return on assets (ROA)7.6%within the sector's middle half▲ 7.5pp4.9%within the sector's middle half▼ 2.7pp1.9%within the sector's middle half▼ 3.0pp1.3%within the sector's middle half▼ 0.5pp1.4%within the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 6% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €543,526
Fixed assets
€471,271 ▼ 4.2%
Current assets
€72,255 ▼ 1.7%
Equity and liabilities €543,526
Equity
€229,968 ▲ 3.4%
Provisions
€6,119 ▼ 13.2%
Debt
€307,439 ▼ 8.5%
Debt's share of the balance-sheet total falls from 59.4% to 56.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,281▼
2023 · €48,863
Cash flow
€35,607▼
2023 · €37,333
Quick ratio
0.53▼
2023 · 0.56
Debt to equity
1.34▼
2023 · 1.51
ROE
3.3%▼
2023 · 3.3%
Interest coverage
4.50▼
2023 · 5.03
Debt ≤ 1 year
€124,704▼
2023 · €127,466
Debt > 1 year
€182,734▼
2023 · €208,558
Income taxes
€2,897▲
2023 · €2,681
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 14,732 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,966 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,188 | €16,088 | €25,247 | €29,897 | €28,104 | ▼ 6.0% |
| Other operating charges640/8 | - | €3,868 | €5,918 | €4,788 | €5,238 | ▲ 9.4% |
| Gross operating margin9900 | €59,405 | €27,956 | €52,876 | €53,651 | €53,518 | ▼ 0.2% |
| Operating profit (loss)9901 | €42,656 | €8,000 | €21,711 | €18,966 | €20,177 | ▲ 6.4% |
| Financial income75/76B | - | €20,705 | €29 | €268 | €23 | ▼ 91.3% |
| Recurring financial income75 | €26 | €36 | €29 | €268 | €23 | ▼ 91.3% |
| Non-recurring financial income76B | - | €20,668 | €0 | - | - | - |
| Financial charges65/66B | - | €4,466 | €8,135 | €9,715 | €10,734 | ▲ 10.5% |
| Recurring financial charges65 | €3,646 | €3,920 | €8,135 | €9,715 | €10,734 | ▲ 10.5% |
| Non-recurring financial charges66B | - | €546 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €39,037 | €24,239 | €13,606 | €9,520 | €9,466 | ▼ 0.6% |
| Transfer from deferred taxes780 | - | €597 | €597 | €597 | €934 | ▲ 56.4% |
| Income taxes67/77 | €116 | €124 | €2,693 | €2,681 | €2,897 | ▲ 8.1% |
| Profit (loss) for the period9904 | €31,535 | €24,711 | €11,509 | €7,436 | €7,503 | ▲ 0.9% |
| Transfer from tax-exempt reserves789 | - | €2,389 | €2,389 | €2,388 | €2,801 | ▲ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €1,994 | €27,100 | €13,898 | €9,824 | €10,303 | ▲ 4.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €416,680 | €507,665 | €620,342 | €565,541 | €543,526 | ▼ 3.9% |
| Fixed assets21/28 | €265,069 | €408,223 | €515,256 | €492,064 | €471,271 | ▼ 4.2% |
| Tangible fixed assets22/27 | €264,940 | €408,093 | €515,126 | €491,935 | €471,142 | ▼ 4.2% |
| Land and buildings22 | - | €379,171 | €483,856 | €472,053 | €457,228 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €10,699 | €17,534 | €12,235 | €11,328 | ▼ 7.4% |
| Furniture and vehicles24 | - | €18,223 | €13,736 | €7,646 | €2,586 | ▼ 66.2% |
| Financial fixed assets28 | €130 | €130 | €130 | €130 | €130 | = |
| Current assets29/58 | €151,610 | €99,442 | €105,086 | €73,477 | €72,255 | ▼ 1.7% |
| Stocks and contracts in progress3 | €11,356 | €10,010 | €2,500 | €2,500 | €6,000 | ▲ 140% |
| Stocks30/36 | - | €10,010 | €2,500 | €2,500 | €6,000 | ▲ 140% |
| Amounts receivable within one year40/41 | €34,888 | €34,647 | €37,137 | €35,213 | €33,986 | ▼ 3.5% |
| Trade receivables40 | - | €33,163 | €34,208 | €33,461 | €33,696 | ▲ 0.7% |
| Other amounts receivable41 | - | €1,485 | €2,929 | €1,752 | €291 | ▼ 83.4% |
| Cash at bank and in hand54/58 | €105,367 | €54,755 | €64,841 | €35,764 | €30,914 | ▼ 13.6% |
| Deferred charges and accrued income490/1 | - | €30 | €608 | €0 | €1,354 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €416,680 | €507,665 | €620,342 | €565,541 | €543,526 | ▼ 3.9% |
| Equity10/15 | €178,809 | €203,520 | €215,030 | €222,465 | €229,968 | ▲ 3.4% |
| Contributions10/11 | - | €25,533 | €25,533 | €25,533 | €25,533 | = |
| Reserves13 | €122,895 | €120,506 | €132,016 | €129,627 | €126,827 | ▼ 2.2% |
| Non-distributable reserves130/1 | - | €3,834 | €3,834 | €3,834 | €1,281 | ▼ 66.6% |
| Reserves not available under the articles1311 | - | €2,553 | €2,553 | €2,553 | €0 | ▼ 100% |
| Other1319 | - | €1,281 | €1,281 | €1,281 | €1,281 | = |
| Tax-exempt reserves132 | - | €32,987 | €30,598 | €28,210 | €25,409 | ▼ 9.9% |
| Distributable reserves133 | - | €83,685 | €97,583 | €97,583 | €100,136 | ▲ 2.6% |
| Profit (loss) carried forward14 | €30,381 | €57,481 | €57,481 | €67,305 | €77,608 | ▲ 15.3% |
| Provisions and deferred taxes16 | €8,843 | €8,246 | €7,649 | €7,052 | €6,119 | ▼ 13.2% |
| Deferred taxes168 | - | €8,246 | €7,649 | €7,052 | €6,119 | ▼ 13.2% |
| Amounts payable17/49 | €229,027 | €295,898 | €397,663 | €336,024 | €307,439 | ▼ 8.5% |
| Amounts payable after more than one year17 | €125,115 | €110,275 | €234,052 | €208,558 | €182,734 | ▼ 12.4% |
| Financial debts170/4 | - | €110,275 | €234,052 | €208,558 | €182,734 | ▼ 12.4% |
| Amounts payable within one year42/48 | €103,912 | €185,624 | €163,610 | €127,466 | €124,704 | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €14,840 | €25,171 | €25,495 | €25,823 | ▲ 1.3% |
| Trade debts44 | €61,049 | €146,107 | €70,222 | €23,264 | €26,124 | ▲ 12.3% |
| Suppliers440/4 | - | €146,107 | €70,222 | €23,264 | €26,124 | ▲ 12.3% |
| Taxes, remuneration and social security45 | - | €1,140 | €7,635 | €8,742 | €9,483 | ▲ 8.5% |
| Taxes450/3 | - | €1,140 | €7,635 | €8,742 | €9,483 | ▲ 8.5% |
| Other amounts payable47/48 | - | €23,536 | €60,583 | €69,965 | €63,273 | ▼ 9.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,535 | €24,711 | €11,509 | €7,436 | €7,503 | ▲ 0.9% |
| + Depreciation and write-downs630 | €11,188 | €16,088 | €25,247 | €29,897 | €28,104 | ▼ 6.0% |
| Operating cash flow (approximation) | €42,722 | €40,799 | €36,757 | €37,333 | €35,607 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | -€159,242 | -€132,280 | -€6,706 | -€7,311 | ▼ 9.0% |
| Change in cash | - | -€50,612 | €10,086 | -€29,077 | -€4,849 | ▲ 83.3% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200,000Eq €203,520 ▲13.8%
4 profitable years in a row build equity to €203,520.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €31,535 ▲16,601%
Operating result €42,656, net result €31,535, both a record.
31-12
Financial
Equity above €150,000Eq €178,809 ▲21.4%
3 profitable years in a row build equity to €178,809.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €189 ▼99%
Net result drops to €189, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Torhout · 2 establishment units since 1989
Ground area
4,491 m²
Building footprint
603 m²
Volume, LiDAR
2,681 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Oostendestraat 282, 8820 Torhout
since 19892.042.968.567
Belbi
since 20132.220.138.473
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033I0484/00D002 | Flanders | 2,611 m² | 1 · 391 m² | 10.0 m · 2 fl. |
| 32010A0476/00X000 | Flanders | 1,880 m² | 1 · 212 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 2,892 EUR awarded · 2,892 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,176 EUR | 2,176 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 540 EUR | 540 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKoekelare2.220.138.473
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 1,264 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
46321Wholesale of meat and meat products, excluding game and poultry
47210Retail sale of fruit and vegetables
Contact
E-mail
info@belbi.comTorhout
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437150987
Also
9925:BE0437150987
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.