Summary
BELCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.7m and a net result of €471,112. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 93% of 5585 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-12-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
33 d early
2023
33 d early
2022
32 d early
2021
31 d early
2020
34 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.7m▼ 12.3%
2024 · €2.0m
Net result
€471,112▲ 2,208%
2024 · €20,415
Total assets
€1.8m▼ 10.7%
2024 · €2.0m
Solvency
97.2%▼ 1.8pp
2024 · 99.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result-€7,744▲ 68.8%-€5,922▲ 23.5%-€24,135▼ 308%-€25,327▼ 4.9%-€26,833▼ 5.9%
Net result€129,284within the sector's middle half▲ 425%€176,136above the sector's middle half▲ 36.2%€8,346within the sector's middle half▼ 95.3%€20,415within the sector's middle half▲ 145%€471,112above the sector's middle half▲ 2,208%
Equity€1.8mwithin the sector's middle half▲ 7.9%€1.9mwithin the sector's middle half▲ 10.0%€1.9mwithin the sector's middle half▲ 0.4%€2.0mwithin the sector's middle half▲ 1.0%€1.7mwithin the sector's middle half▼ 12.3%
Total assets€1.8mwithin the sector's middle half▲ 5.7%€2.0mwithin the sector's middle half▲ 10.0%€1.9mwithin the sector's middle half▼ 0.7%€2.0mwithin the sector's middle half▲ 1.7%€1.8mwithin the sector's middle half▼ 10.7%
Debt€23,420▼ 58.8%€26,646▲ 13.8%€6,254▼ 76.5%€20,279▲ 224%€49,273▲ 143%
Working capital€987,678above the sector's middle half▲ 16.8%€1.1mabove the sector's middle half▲ 12.5%€1.1mabove the sector's middle half▼ 1.0%€1.1mabove the sector's middle half▲ 3.5%€917,830above the sector's middle half▼ 19.4%
Solvency98.7%above the sector's middle half▲ 2.1pp98.6%above the sector's middle half=99.7%above the sector's middle half▲ 1.0pp99.0%above the sector's middle half▼ 0.7pp97.2%above the sector's middle half▼ 1.8pp
Current ratio43.17above the sector's middle half▲ 27.2942.71above the sector's middle half▼ 0.4657.18above the sector's middle half19.63above the sector's middle half▼ 37.55
Return on assets (ROA)7.3%within the sector's middle half▲ 5.8pp9.0%within the sector's middle half▲ 1.7pp0.4%below the sector's middle half▼ 8.6pp1.0%within the sector's middle half▲ 0.6pp26.7%above the sector's middle half▲ 25.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,833 in 2025 against €25,327 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€798,742 ▼ 2.2%
Current assets
€967,103 ▼ 16.6%
Equity and liabilities €1.8m
Equity
€1.7m ▼ 12.3%
Debt
€49,273 ▲ 143%
Debt's share of the balance-sheet total rises from 1.0% to 2.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
27.4%▲
2024 · 1.0%
Debt ≤ 1 year
€49,273▲
2024 · €20,279
Income taxes
€47,026▲
2024 · €1,982
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11,146 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,070 | €14,410 | €19,796 | €20,449 | €20,589 | ▲ 0.7% |
| Other operating charges640/8 | - | €3,277 | €2,876 | €3,414 | €3,552 | ▲ 4.0% |
| Non-recurring operating charges66A | - | €361 | - | - | €154 | - |
| Gross operating margin9900 | €8,589 | €12,127 | -€1,463 | -€1,465 | -€2,539 | ▼ 73.3% |
| Operating profit (loss)9901 | -€7,744 | -€5,922 | -€24,135 | -€25,327 | -€26,833 | ▼ 5.9% |
| Financial income75/76B | - | €200,009 | €33,433 | €47,944 | €545,221 | ▲ 1,037% |
| Recurring financial income75 | €150,980 | €200,009 | €33,433 | €47,944 | €545,221 | ▲ 1,037% |
| Financial charges65/66B | - | €164 | €199 | €219 | €250 | ▲ 14.0% |
| Recurring financial charges65 | €150 | €164 | €199 | €219 | €250 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | €143,086 | €193,923 | €9,099 | €22,398 | €518,138 | ▲ 2,213% |
| Income taxes67/77 | €13,801 | €17,788 | €753 | €1,982 | €47,026 | ▲ 2,272% |
| Profit (loss) for the period9904 | €129,284 | €176,136 | €8,346 | €20,415 | €471,112 | ▲ 2,208% |
| Profit (loss) for the period to be appropriated9905 | €129,284 | €176,136 | €8,346 | €20,415 | €471,112 | ▲ 2,208% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.0m | €1.9m | €2.0m | €1.8m | ▼ 10.7% |
| Fixed assets21/28 | €766,200 | €817,796 | €836,456 | €817,089 | €798,742 | ▼ 2.2% |
| Tangible fixed assets22/27 | €211,200 | €262,796 | €281,456 | €262,089 | €243,742 | ▼ 7.0% |
| Land and buildings22 | - | €261,343 | €280,653 | €260,933 | €241,214 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €1,453 | €804 | €1,156 | €2,528 | ▲ 119% |
| Financial fixed assets28 | €555,000 | €555,000 | €555,000 | €555,000 | €555,000 | = |
| Current assets29/58 | €1.0m | €1.1m | €1.1m | €1.2m | €967,103 | ▼ 16.6% |
| Amounts receivable after more than one year29 | - | - | €943,000 | €923,000 | €921,878 | ▼ 0.1% |
| Trade receivables290 | - | - | €943,000 | €923,000 | €921,878 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €1,247 | €303,000 | - | €43,489 | €6,319 | ▼ 85.5% |
| Trade receivables40 | - | - | - | €18,454 | €6,292 | ▼ 65.9% |
| Other amounts receivable41 | - | €303,000 | - | €25,036 | €27 | ▼ 99.9% |
| Current investments50/53 | - | - | - | €120,000 | - | - |
| Cash at bank and in hand54/58 | €994,656 | €834,813 | €163,521 | €71,734 | €38,906 | ▼ 45.8% |
| Deferred charges and accrued income490/1 | - | €235 | €4 | €1,276 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.0m | €1.9m | €2.0m | €1.8m | ▼ 10.7% |
| Equity10/15 | €1.8m | €1.9m | €1.9m | €2.0m | €1.7m | ▼ 12.3% |
| Contributions10/11 | - | €19,500 | €19,500 | €19,500 | €19,500 | = |
| Reserves13 | €1.7m | €1.9m | €1.9m | €1.9m | €1.7m | ▼ 12.4% |
| Non-distributable reserves130/1 | - | €1,950 | €1,950 | - | - | - |
| Reserves not available under the articles1311 | - | €1,950 | €1,950 | - | - | - |
| Distributable reserves133 | - | €1.9m | €1.9m | €1.9m | €1.7m | ▼ 12.4% |
| Amounts payable17/49 | €23,420 | €26,646 | €6,254 | €20,279 | €49,273 | ▲ 143% |
| Amounts payable within one year42/48 | €23,420 | €26,646 | €6,254 | €20,279 | €49,273 | ▲ 143% |
| Trade debts44 | €3,449 | €1,208 | €2,250 | €8,083 | €1,313 | ▼ 83.8% |
| Suppliers440/4 | - | €1,208 | €2,250 | €8,083 | €1,313 | ▼ 83.8% |
| Taxes, remuneration and social security45 | - | €19,436 | €1,884 | €1,664 | €47,111 | ▲ 2,731% |
| Taxes450/3 | - | €19,436 | €1,884 | €1,664 | €47,111 | ▲ 2,731% |
| Other amounts payable47/48 | - | €6,002 | €2,119 | €10,532 | €850 | ▼ 91.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €129,284 | €176,136 | €8,346 | €20,415 | €471,112 | ▲ 2,208% |
| + Depreciation and write-downs630 | €11,070 | €14,410 | €19,796 | €20,449 | €20,589 | ▲ 0.7% |
| Operating cash flow (approximation) | €140,355 | €190,546 | €28,142 | €40,864 | €491,701 | ▲ 1,103% |
| Investment in fixed assets (approximation) | - | -€66,006 | -€38,457 | -€1,082 | -€2,241 | ▼ 107% |
| Change in cash | - | -€159,843 | -€671,292 | -€91,787 | -€32,827 | ▲ 64.2% |
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
Next filing, fiscal year 2026, expected by
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €8,346 ▼95.3%
Net result drops to €8,346, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 176.94
Current ratio from 42.71 to 176.94; short-term debt falls from €26,646 to €6,254.
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 43.17
Current ratio from 15.88 to 43.17; short-term debt falls from €56,818 to €23,420.
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Liquidity quadruplescurrent ratio 15.88
Current ratio from 4.16 to 15.88; short-term debt falls from €249,787 to €56,818.
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Pelt · 1 establishment unit since 2000
Ground area
1,706 m²
Building footprint
191 m²
Volume, LiDAR
1,077 m³
Parcel 72029B0860/00F000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hoevenstraat 27, 3900 Pelt
since 20002.096.396.464
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72029B0860/00F000 | Flanders | 1,706 m² | 1 · 191 m² | 8.0 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
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-06-2025 of BELCO 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 824 EUR awarded · 824 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 239 EUR | 239 EUR |
| 2023 | 1 | 585 EUR | 585 EUR |
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,800. 11,377 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
Founded13-01-2000
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469661429
Also
9925:BE0469661429
Registered
09-03-2026
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.