BELCHAM
ActiveSummary
BELCHAM has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of €103,843. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 82% of 91 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+37
Solvency100=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 2.66 against 0.97 in 2023; short-term debt: 6.7% and cash: 0.2% of total assets), and 23.9% 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○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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.1%
Return on assets
5.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
13 d early
2022
60 d early
2021
33 d early
2020
60 d early
2019
66 d early
← 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 40 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.4m▲ 7.8%
2023 · €1.3m
Total assets
€1.9m▲ 6.8%
2023 · €1.8m
Net result
€103,843
2023 · -€9,516
Working capital
€208,574
2023 · -€1,925
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, 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€18,591▲ 184%€27,532▲ 48.1%€19,493▼ 29.2%€7,497▼ 61.5%€166,615▲ 2,123%
Net result-€342within the sector's middle half▲ 94.5%€6,805within the sector's middle half€1,375within the sector's middle half▼ 79.8%-€9,516within the sector's middle half€103,843within the sector's middle half
Equity€1.3mwithin the sector's middle half=€1.3mabove the sector's middle half▲ 0.5%€1.3mabove the sector's middle half▲ 0.1%€1.3mwithin the sector's middle half▼ 0.7%€1.4mabove the sector's middle half▲ 7.8%
Total assets€1.8mwithin the sector's middle half=€1.8mwithin the sector's middle half▼ 0.4%€1.9mwithin the sector's middle half▲ 1.6%€1.8mwithin the sector's middle half▼ 5.5%€1.9mwithin the sector's middle half▲ 6.8%
Debt€513,084▲ 0.2%€499,484▼ 2.7%€527,366▲ 5.6%€433,850▼ 17.7%€449,233▲ 3.5%
Working capital€71,232within the sector's middle half▲ 27.7%€86,015within the sector's middle half▲ 20.8%€44,913within the sector's middle half▼ 47.8%-€1,925below the sector's middle half€208,574within the sector's middle half
Solvency72.1%above the sector's middle half=72.7%within the sector's middle half▲ 0.6pp71.7%above the sector's middle half▼ 1.1pp75.3%above the sector's middle half▲ 3.7pp76.1%above the sector's middle half▲ 0.7pp
Current ratio2.61within the sector's middle half▲ 0.333.73above the sector's middle half▲ 1.121.69within the sector's middle half▼ 2.040.97below the sector's middle half▼ 0.722.66within the sector's middle half▲ 1.69
Return on assets (ROA)0.0%within the sector's middle half▲ 0.3pp0.4%within the sector's middle half▲ 0.4pp0.1%within the sector's middle half▼ 0.3pp-0.5%within the sector's middle half▼ 0.6pp5.5%above the sector's middle half▲ 6.1pp
Staff (FTE)0.6below the sector's middle half=0.6below the sector's middle half=0.6below the sector's middle half=0.6below the sector's middle half=0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,123% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.5m ▼ 8.8%
Current assets
€333,943 ▲ 409%
Equity and liabilities €1.9m
Equity
€1.4m ▲ 7.8%
Debt
€449,233 ▲ 3.5%
Debt's share of the balance-sheet total falls from 24.7% to 23.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€184,978▲
2023 · €45,265
Cash flow
€122,206▲
2023 · €28,252
Debt to equity
0.31▼
2023 · 0.33
ROE
7.3%▲
2023 · -0.7%
Interest coverage
11.81▲
2023 · 2.52
Debt ≤ 1 year
€125,370▲
2023 · €67,576
Debt > 1 year
€309,554▼
2023 · €349,950
Income taxes
€47,115▲
2023 · €430
Staff costs
€0▼
2023 · €12,295
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €230,184 | - |
| Remuneration, social security and pensions62 | - | €34,180 | €36,161 | €12,295 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,667 | €14,870 | €27,936 | €37,768 | €18,363 | ▼ 51.4% |
| Other operating charges640/8 | - | €5,090 | €7,319 | €10,045 | €8,244 | ▼ 17.9% |
| Gross operating margin9900 | €68,510 | €81,672 | €90,909 | €67,605 | €193,222 | ▲ 186% |
| Operating profit (loss)9901 | €18,591 | €27,532 | €19,493 | €7,497 | €166,615 | ▲ 2,123% |
| Financial income75/76B | - | €1,056 | €1,511 | €1,388 | €1 | ▼ 100.0% |
| Recurring financial income75 | €800 | €1,056 | €1,511 | €1,388 | €1 | ▼ 100.0% |
| Financial charges65/66B | - | €19,603 | €19,169 | €17,971 | €15,658 | ▼ 12.9% |
| Recurring financial charges65 | €19,678 | €19,603 | €19,169 | €17,971 | €15,658 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | -€288 | €8,984 | €1,835 | -€9,086 | €150,958 | ▲ 1,761% |
| Income taxes67/77 | €54 | €2,180 | €460 | €430 | €47,115 | ▲ 10,868% |
| Profit (loss) for the period9904 | -€342 | €6,805 | €1,375 | -€9,516 | €103,843 | ▲ 1,191% |
| Profit (loss) for the period to be appropriated9905 | -€342 | €6,805 | €1,375 | -€9,516 | €103,843 | ▲ 1,191% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.9m | €1.8m | €1.9m | ▲ 6.8% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.8m | €1.7m | €1.5m | ▼ 8.8% |
| Intangible fixed assets21 | €1,840 | €0 | €24,087 | €30,407 | €46,272 | ▲ 52.2% |
| Tangible fixed assets22/27 | €194,814 | €187,834 | €200,806 | €170,672 | €5,739 | ▼ 96.6% |
| Land and buildings22 | - | €182,191 | €171,003 | €159,816 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €4,899 | €3,689 | €2,479 | €1,269 | ▼ 48.8% |
| Furniture and vehicles24 | - | €744 | €26,113 | €8,377 | €4,471 | ▼ 46.6% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €115,457 | €117,482 | €109,681 | €65,651 | €333,943 | ▲ 409% |
| Amounts receivable within one year40/41 | €99,203 | €76,806 | €77,160 | €43,020 | €313,758 | ▲ 629% |
| Trade receivables40 | - | €73,300 | €67,379 | €36,652 | €44,814 | ▲ 22.3% |
| Other amounts receivable41 | - | €3,506 | €9,781 | €6,368 | €268,944 | ▲ 4,123% |
| Cash at bank and in hand54/58 | €9,297 | €17,121 | €10,488 | €5,233 | €3,797 | ▼ 27.4% |
| Deferred charges and accrued income490/1 | - | €23,555 | €22,033 | €17,398 | €16,388 | ▼ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.9m | €1.8m | €1.9m | ▲ 6.8% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.3m | €1.4m | ▲ 7.8% |
| Contributions10/11 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €29,218 | €29,218 | €29,218 | €29,218 | €128,809 | ▲ 341% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €13,868 | €13,868 | €13,868 | €13,868 | = |
| Distributable reserves133 | - | €15,350 | €15,350 | €15,350 | €114,941 | ▲ 649% |
| Profit (loss) carried forward14 | -€2,916 | €3,889 | €5,264 | -€4,252 | €0 | ▲ 100% |
| Amounts payable17/49 | €513,084 | €499,484 | €527,366 | €433,850 | €449,233 | ▲ 3.5% |
| Amounts payable after more than one year17 | €450,825 | €450,000 | €444,799 | €349,950 | €309,554 | ▼ 11.5% |
| Financial debts170/4 | - | - | €4,799 | €21,750 | €18,265 | ▼ 16.0% |
| Other amounts payable178/9 | - | €450,000 | €440,000 | €328,200 | €291,289 | ▼ 11.2% |
| Amounts payable within one year42/48 | €44,226 | €31,467 | €64,767 | €67,576 | €125,370 | ▲ 85.5% |
| Current portion of amounts payable after more than one year42 | - | - | €15,160 | €21,245 | €27,144 | ▲ 27.8% |
| Financial debts43 | - | - | - | - | €41,791 | - |
| Credit institutions430/8 | - | - | - | - | €41,791 | - |
| Trade debts44 | €37,014 | €23,513 | €40,087 | €34,162 | €53,037 | ▲ 55.3% |
| Suppliers440/4 | - | €23,513 | €40,087 | €34,162 | €53,037 | ▲ 55.3% |
| Taxes, remuneration and social security45 | - | €7,181 | €8,290 | €1,109 | €3,020 | ▲ 172% |
| Taxes450/3 | - | €1,194 | €1,215 | €1,109 | €3,020 | ▲ 172% |
| Remuneration and social security454/9 | - | €5,988 | €7,075 | €0 | - | - |
| Other amounts payable47/48 | - | €773 | €1,231 | €11,061 | €378 | ▼ 96.6% |
| Accrued charges and deferred income492/3 | - | €18,016 | €17,800 | €16,324 | €14,310 | ▼ 12.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€342 | €6,805 | €1,375 | -€9,516 | €103,843 | ▲ 1,191% |
| + Depreciation and write-downs630 | €17,667 | €14,870 | €27,936 | €37,768 | €18,363 | ▼ 51.4% |
| Operating cash flow (approximation) | €17,324 | €21,675 | €29,311 | €28,252 | €122,206 | ▲ 333% |
| Investment in fixed assets (approximation) | - | -€6,051 | -€64,995 | €21,234 | €130,703 | ▲ 516% |
| Change in cash | - | €7,823 | -€6,632 | -€5,255 | -€1,436 | ▲ 72.7% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €103,843
Net result €103,843 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.66
Current ratio from 0.97 to 2.66.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€9,516
Net result drops to -€9,516, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6,805
Net result €6,805 after 3 loss-making years.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Kruisem · 1 establishment unit since 1987
Ground area
3,149 m²
Building footprint
461 m²
Volume, LiDAR
2,094 m³
Parcel 45031A0443/00B000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BELCHAM
since 19872.033.031.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45031A0443/00B000 | Flanders | 3,149 m² | 1 · 461 m² | 9.1 m · 2 fl. |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
100%
- Beaven Europe Sp. Z O. O., PolandPLsubsidiarySourceown accounts 2024Equity PLN 1.6mResult PLN 925,13199.5%
According to the 2024 annual accounts of BELCHAM and those 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.
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Of 540 companies in sector 14299 we hold annual accounts for 105. 39 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
Founded19-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
14299Manufacture of wearing apparel
15110Manufacture of leather and related products
28940Manufacture of machinery and equipment not elsewhere classified
46442Wholesale trade
46494Wholesale of non-electrical household articles
46499Wholesale of other household goods
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430749482
Also
9925:BE0430749482
Registered
05-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.