BELCANTHUS

Active

Private limited companyfounded 201313 yrs activeRue du Cochige 2, 1360 Perwez, BelgiumKBO/BCE: BE 0509.968.689

BELCANTHUS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162k and a net result of €18k. Its solvency ranks better than 45% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

66 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability74▼-1

Solvency61▲+8

Growth52

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity tight (current ratio 1.18 against 0.75 in 2024; short-term debt: 21.1% and cash: 0.6% of total assets), and 64.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

35.9%

Return on assets

4.1%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-04-2026, 101 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

101 d early

2024

13 d late

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€162k▲ 12.8%

2024 · €143k

2024: €143k

2024 → 2025

Total assets

€450k▼ 13.0%

2024 · €517k

2024: €517k

2024 → 2025

Net result

€18k▼ 27.4%

2024 · €25k

2024: €25k

2024 → 2025

Working capital

€17k

2024 · €-30k

2024: €-30k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€143k-€162k▲ 12.8%

Operating result€44k-€37k▼ 16.8%

Net result€25k-€18k▼ 27.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 17% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €450k

75.2%

24.8%

Fixed assets €338k▼ 20.8%

Current assets €112k▲ 23.9%

Equity and liabilities €450k

35.9%

64.1%

Equity €162k▲ 12.8%

Debt €288k▼ 22.9%

The debt ratio falls from 72.3% to 64.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€126k▲

2024 · €123k

Cash flow

€107k▲

2024 · €104k

Solvency

35.9%▲

2024 · 27.7%

Current ratio

1.18▲

2024 · 0.75

Quick ratio

0.74▲

2024 · 0.43

Debt / equity

1.79▼

2024 · 2.61

ROE

11.3%▼

2024 · 17.6%

ROA

4.1%▼

2024 · 4.9%

Interest coverage

12.29▼

2024 · 15.66

Debt

€288k▼

2024 · €374k

Debt ≤ 1 year

€95k▼

2024 · €120k

Debt > 1 year

€193k▼

2024 · €254k

Income taxes

€9k▼

2024 · €12k

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€517k€450k▼

Fixed assets21/28€427k€338k▼

Tangible fixed assets22/27€427k€338k▼

Plant, machinery and equipment23€359k€298k▼

Furniture and vehicles24€7k€3k▼

Leasing and similar rights25€58k€34k▼

Other tangible fixed assets26€4k€4k▼

Current assets29/58€90k€112k▲

Stocks and contracts in progress3€39k€41k▲

Stocks30/36€39k€41k▲

Amounts receivable within one year40/41€5k€62k▲

Trade receivables40€3k€59k▲

Other amounts receivable41€2k€3k▲

Cash at bank and in hand54/58€42k€3k▼

Deferred charges and accrued income490/1€5k€5k▲

Equity and liabilities

Total equity and liabilities10/49€517k€450k▼

Equity10/15€143k€162k▲

Contributions10/11€5k€5k=

Reserves13€122k€140k▲

Distributable reserves133€122k€140k▲

Profit (loss) carried forward14€16k€17k▲

Amounts payable17/49€374k€288k▼

Amounts payable after more than one year17€254k€193k▼

Financial debts170/4€254k€193k▼

Amounts payable within one year42/48€120k€95k▼

Current portion of amounts payable after more than one year42€77k€61k▼

Trade debts44€21k€13k▼

Suppliers440/4€21k€13k▼

Taxes, remuneration and social security45€9k€9k▼

Taxes450/3€9k€9k▼

Other amounts payable47/48€13k€13k=

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€89k▲

Other operating charges640/8€615€638▲

Gross operating margin9900€124k€127k▲

Operating profit (loss)9901€44k€37k▼

Financial income75/76B€150€70▼

Recurring financial income75€150€70▼

Financial charges65/66B€8k€10k▲

Recurring financial charges65€8k€10k▲

Profit (loss) for the period before taxes9903€37k€27k▼

Income taxes67/77€12k€9k▼

Profit (loss) for the period9904€25k€18k▼

Profit (loss) for the period to be appropriated9905€25k€18k▼

Appropriation of the result

Profit (loss) to be appropriated9906€41k€35k▼

Profit (loss) brought forward from the previous period14P€16k€16k▲

Transfer to equity691/2€25k€18k▼

To other reserves6921€25k€18k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

21-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Equity above €150kEq €162k ▲12.8%

2 profitable years in a row build equity to €162k.

13-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 13 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Perwez · 1 establishment unit since 2013

establishment The establishment unit on the map

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.

Rue du Cochige 21360 Perwez

Ground area

5,807 m²

Building footprint

181 m²

Volume, LiDAR

1,302 m³

Parcel 25101A0085/00F000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

BELCANTHUS

Rue du Cochige 2, 1360 PerwezCrop and animal production, hunting and related service activities

since 20132.216.920.647

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25101A0085/00F000	Wallonia	5,807 m²	1 · 181 m²	9.2 m · 2 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Perwez2.216.920.647

1 permission

Loonwerker - gebruik en opslag gewasbeschermingsmiddelen · since 03-05-2017

Similar companies · same sector, comparable size

Of 77 companies in sector 46214 we hold annual accounts for 35. 21 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-01-2013

Fiscal year end31-12

Activities, NACEBEL

46214Wholesale trade

01610Support activities for crop production

Sources

Crossroads Bank for EnterprisesNational Bank · 2 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.