BELCAR

Active

Public limited companyfounded 199827 yrs activeRue de la Terre à Briques(MAR) 29, 7522 Tournai, BelgiumKBO/BCE: BE 0464.867.847

Summary

BELCAR has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.9m and a net result of €520,434. Equity is shrinking by ~4.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch Report Compare

BELCARActiveChecked score 96/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€21.2mtotal assets 2025

Equity: €20.9m
Profit: €520,434

Financial health

96 Excellent Checked score 2025

Bankruptcy chance 12 m: < 0.1%

Structure

Parent: LIFERCAR · 99.99%

Accounts 113 d early0 of 7 deeds read

Why 96- No main activity registered- Profit of €520,434 (FY 2025)+ Size: total assets €21.2m+ Figures for FY 2025 (filed 09-04-2026)Show the evidence

Checked score

Score 2025

96 / 100

Excellent

Probability in this band: under 0.55%

Better than 71% of its sector peers (no NACE code, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+4

equity 98.4% of total assets

Liquidity 58-16

short-term debt 1.6% · cash 6.3%

Profitability 44-44

return on assets 2.5%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 17 months 06-2025: < 0.1%highest value 07-2025: < 0.1%▼ -37.5% vs 06-2025lowest value 08-2025: < 0.1%● 0.0% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%▲ +3.3% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%▼ -3.2% vs 03-2026lowest value 05-2026: < 0.1%▲ +36.7% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%● 0.0% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026

Size: total assets €21.2m lowers the probability for this profile
No main activity registered raises the probability
Profit of €520,434 (FY 2025) raises the probability
Figures for FY 2025 (filed 09-04-2026) lowers the probability

Credit up to €2,000,000 at 30 days acceptable

Liquidity ample (current ratio 4.07 against 1.06 in 2024; short-term debt: 1.6% and cash: 6.3% of total assets), and 1.6% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, medium-sized). Better than this share of them on solvency 74%, liquidity 86%, profitability 63%, growth against the median 60%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

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

−lowers risk+raises risk○neutral

Size: total assets €21.2m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

No main activity registered

In the bankruptcy model this factor raises the probability.

KBO

Profit of €520,434 (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Figures for FY 2025 (filed 09-04-2026)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-04-2026, 113 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

113 d early

2024

58 d early

2023

50 d early

2022

56 d early

2021

41 d early

2020

26 d early

2019

28 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 53 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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 5 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 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

09-04-26 Annual accounts filedfiscal year 2025 · full…
31-12-25 Liquidity quadruplescurrent ratio 4.07
03-06-25 Annual accounts filedfiscal year 2024 · full…

Key points

Caution: Result fell in 2025from €5.7m to €520,434 ▼ 90.9% View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2025: €520,434 8 years View
Controlled by LIFERCARknown shareholders 99.99% 99.99% View