BELCHAM
ActiveSummary
BELCHAM has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €13,458. Equity has been stable since 2018 (±0.4% per year). Its solvency ranks better than 78% of 92 sector peers (NACE 14, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-03-1987 Normal situation
- Activity
- Manufacture of wearing apparel NACE 14299and 6 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
- Establishment unit
- 2.033.031.710 9771 Kruisem, since 03-04-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 05-11-2024
Board and ownership
- Casier NathalieDirector · since 27-07-2021
- Colle GuyDirector · since 27-07-2021
- Holdings
- Shares in 2 companies Jepico Holding and Beaven Europe Sp. Z O. O., Poland
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €68,116
- ▼ 64.7%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €13,458
- ▼ 87.0%
- Equity
- €1.4m
- ▲ 0.9%
- Total assets
- €1.9m
- ▼ 1.3%
Score breakdownraises riskLiquidity: current ratio 2.94, cash €5,934lowers riskFounded in 1987Size: total assets €1.9mFigures for financial year 2025 (filed on 23-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 14, micro). It does better than 91% of them on solvency, 59% on liquidity, 49% on profitability and 51% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 14), the median for financial year 2024 was 6 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 39 filings
Every figure per financial year
The operating result for 2025 is 79% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| full-time | 0 | 0 | - |
| part-time | 1 | 1 | - |
| in full-time equivalents | 0.6 | 0.6 | - |
| Average over the year, in full-time equivalents | 0.6 | 0.6 | 0.6 |
| On a permanent contract | 1 | 1 | - |
| Joined | - | - | 0 |
| Left | - | - | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €220,000 | €220,000 | €220,000 | - | - |
| Carrying value of the mortgaged assets | €182,191 | €171,003 | €159,816 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,051 | €38,144 | €1,204 | €3,613 | €1,922 |
| Intangible fixed assets | - | €26,852 | €12,750 | €25,500 | - |
| Financial fixed assets | - | - | €0 | €0 | - |
| Depreciation and write-downs of the year | €14,870 | €27,936 | €37,768 | €18,363 | €16,353 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €230,184 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €34,180 | €36,161 | €12,295 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,351 | €18,218 | €17,667 | €14,870 | €27,936 | €37,768 | €18,363 | €16,353 | ▼ 10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €14,690 | - |
| Other operating charges640/8 | - | - | - | €5,090 | €7,319 | €10,045 | €8,244 | €1,449 | ▼ 82.4% |
| Gross operating margin9900 | €76,923 | €67,963 | €68,510 | €81,672 | €90,909 | €67,605 | €193,222 | €68,116 | ▼ 64.7% |
| Operating profit (loss)9901 | €9,929 | €6,543 | €18,591 | €27,532 | €19,493 | €7,497 | €166,615 | €35,624 | ▼ 78.6% |
| Financial income75/76B | - | - | - | €1,056 | €1,511 | €1,388 | €1 | €17 | ▲ 33× |
| Recurring financial income75 | €131 | €6,938 | €800 | €1,056 | €1,511 | €1,388 | €1 | €17 | ▲ 33× |
| Financial charges65/66B | - | - | - | €19,603 | €19,169 | €17,971 | €15,658 | €14,771 | ▼ 5.7% |
| Recurring financial charges65 | €16,324 | €19,097 | €19,678 | €19,603 | €19,169 | €17,971 | €15,658 | €14,771 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | -€6,264 | -€5,616 | -€288 | €8,984 | €1,835 | -€9,086 | €150,958 | €20,870 | ▼ 86.2% |
| Income taxes67/77 | €708 | €657 | €54 | €2,180 | €460 | €430 | €47,115 | €7,413 | ▼ 84.3% |
| Profit (loss) for the period9904 | -€6,972 | -€6,273 | -€342 | €6,805 | €1,375 | -€9,516 | €103,843 | €13,458 | ▼ 87.0% |
| Profit (loss) for the period to be appropriated9905 | -€7,038 | -€6,340 | -€342 | €6,805 | €1,375 | -€9,516 | €103,843 | €13,458 | ▼ 87.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €1.8m | €1.8m | €1.8m | €1.9m | €1.8m | €1.9m | €1.9m | ▼ 1.3% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.7m | €1.7m | €1.8m | €1.7m | €1.5m | €1.5m | ▼ 0.9% |
| Intangible fixed assets21 | €0.01m | €0.007m | €0.002m | €0 | €0.02m | €0.03m | €0.05m | €0.03m | ▼ 28.1% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.006m | €0.004m | ▼ 24.6% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.005m | €0.004m | €0.002m | €0.001m | €58 | ▼ 95.4% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.03m | €0.008m | €0.004m | €0.004m | ▼ 4.5% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €0.06m | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | €0.3m | €0.3m | ▼ 2.9% |
| Amounts receivable within one year40/41 | €0.05m | €0.09m | €0.1m | €0.08m | €0.08m | €0.04m | €0.3m | €0.3m | ▼ 3.3% |
| Trade receivables40 | - | - | - | €0.07m | €0.07m | €0.04m | €0.04m | €0.04m | ▼ 9.0% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.01m | €0.006m | €0.3m | €0.3m | ▼ 2.4% |
| Cash at bank and in hand54/58 | €0.007m | €0.005m | €0.009m | €0.02m | €0.01m | €0.005m | €0.004m | €0.006m | ▲ 56.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 8.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.8m | €1.8m | €1.9m | €1.8m | €1.9m | €1.9m | ▼ 1.3% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.4m | €1.4m | ▲ 0.9% |
| Contributions10/11 | €1.3m | €1.3m | - | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.1m | €0.1m | ▲ 10.4% |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.02m | €0.02m | €0.02m | €0.1m | €0.1m | ▲ 11.7% |
| Profit (loss) carried forward14 | €0.004m | -€0.003m | -€0.003m | €0.004m | €0.005m | -€0.004m | €0 | - | - |
| Amounts payable17/49 | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 8.4% |
| Amounts payable after more than one year17 | €0.4m | €0.5m | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 6.4% |
| Financial debts170/4 | - | - | - | - | €0.005m | €0.02m | €0.02m | €0.004m | ▼ 80.7% |
| Other amounts payable178/9 | - | - | - | €0.5m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 1.7% |
| Amounts payable within one year42/48 | €0.03m | €0.04m | €0.04m | €0.03m | €0.06m | €0.07m | €0.1m | €0.1m | ▼ 12.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 23.7% |
| Financial debts43 | - | - | - | - | - | - | €0.04m | €0.01m | ▼ 70.0% |
| Credit institutions430/8 | - | - | - | - | - | - | €0.04m | €0.01m | ▼ 70.0% |
| Trade debts44 | €0.02m | €0.04m | €0.04m | €0.02m | €0.04m | €0.03m | €0.05m | €0.06m | ▲ 20.7% |
| Suppliers440/4 | - | - | - | €0.02m | €0.04m | €0.03m | €0.05m | €0.06m | ▲ 20.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.007m | €0.008m | €0.001m | €0.003m | €33 | ▼ 98.9% |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.003m | €33 | ▼ 98.9% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.007m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.001m | €0.01m | €378 | €43 | ▼ 88.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 19.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,972 | -€6,273 | -€342 | €6,805 | €1,375 | -€9,516 | €103,843 | €13,458 | ▼ 87.0% |
| + Depreciation and write-downs630 | €18,351 | €18,218 | €17,667 | €14,870 | €27,936 | €37,768 | €18,363 | €16,353 | ▼ 10.9% |
| Operating cash flow (approximation) | €11,380 | €11,945 | €17,324 | €21,675 | €29,311 | €28,252 | €122,206 | €29,810 | ▼ 75.6% |
| Investment in fixed assets (approximation) | - | -€40,000 | -€2,074 | -€6,051 | -€64,995 | €21,234 | €130,703 | -€1,922 | - |
| Change in cash | - | -€1,680 | €4,005 | €7,823 | -€6,632 | -€5,255 | -€1,436 | €2,137 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00200722 | |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00311776 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00263982 | |
| 31-12-2022 | abbreviated format | 01-06-2023 | 2023-00106876 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20147640 | |
| 31-12-2020 | abbreviated format | 01-06-2021 | 2021-16800498 | |
| 31-12-2019 | micro format | 26-05-2020 | 2020-13100476 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52900582 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-35100377 | |
| 31-12-2016 | micro format | 15-06-2017 | 2017-19000054 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Casier Nathalie |
|
| Colle Guy |
|
Network & group
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- Jepico HoldingGBsubsidiaryEquity GBP 1.3mResult -GBP 642100%
- Beaven Europe Sp. Z O. O., PolandPLsubsidiaryEquity PLN 2.1mResult PLN 235,45299.5%
Connections & network
2 current directorsThe network starts from the directors of BELCHAM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45031A0443/00B000 | Flanders | 3,149 m² | 1 · 461 m² | 9.1 m · 2 |