BELCO
ActiveSummary
The computed 12-month bankruptcy probability of BELCO is 2.8% (moderate). The 2025 annual accounts show equity of €2.9m and a net result of €1.1m. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 3770 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+44
Solvency79▲+16
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.56 in 2024; short-term debt: 30.2% and cash: 0.2% of total assets), and 46.4% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.6%
Return on assets
21.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
32 d early
2024
51 d early
2023
2 d early
2022
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · 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 15 July (3 of the last 4 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Ostend, Accommodation and food service sector#5 company by total assets in Ostend, Accommodation and food service sector
Equity
€2.9m▲ 18.1%
2024 · €2.4m
Total assets
€5.3m▼ 15.7%
2024 · €6.3m
Net result
€1.1m▲ 812%
2024 · €125,470
Working capital
-€968,355▲ 6.0%
2024 · -€1.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line2022202320242025
Operating result€477,226-€193,296▼ 59.5%€198,494▲ 2.7%€283,408▲ 42.8%
Net result€606,784above the sector's middle half-€229,965above the sector's middle half▼ 62.1%€125,470above the sector's middle half▼ 45.4%€1.1mabove the sector's middle half▲ 812%
Equity€2.1mabove the sector's middle half-€2.3mabove the sector's middle half▲ 11.1%€2.4mabove the sector's middle half▲ 5.4%€2.9mabove the sector's middle half▲ 18.1%
Total assets€5.5mabove the sector's middle half-€6.1mabove the sector's middle half▲ 11.2%€6.3mabove the sector's middle half▲ 3.1%€5.3mabove the sector's middle half▼ 15.7%
Debt€3.4m-€3.8m▲ 11.4%€3.9m▲ 1.8%€2.5m▼ 36.7%
Working capital-€1.1mbelow the sector's middle half--€898,870below the sector's middle half▲ 19.5%-€1.0mbelow the sector's middle half▼ 14.6%-€968,355below the sector's middle half▲ 6.0%
Solvency37.5%within the sector's middle half-37.4%within the sector's middle half▼ 0.1pp38.2%within the sector's middle half▲ 0.8pp53.6%within the sector's middle half▲ 15.4pp
Current ratio0.30below the sector's middle half-0.55below the sector's middle half▲ 0.250.56below the sector's middle half▲ 0.010.40below the sector's middle half▼ 0.16
Return on assets (ROA)11.0%within the sector's middle half-3.8%within the sector's middle half▼ 7.3pp2.0%within the sector's middle half▼ 1.8pp21.5%above the sector's middle half▲ 19.5pp
Staff (FTE)1.5below the sector's middle half-0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 43% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.3m
Fixed assets
€4.7m ▼ 6.6%
Current assets
€641,398 ▼ 50.8%
Equity and liabilities €5.3m
Equity
€2.9m ▲ 18.1%
Debt
€2.5m ▼ 36.7%
Debt's share of the balance-sheet total falls from 61.8% to 46.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€287,359▲
2024 · €213,205
Cash flow
€1.1m▲
2024 · €140,181
Debt to equity
0.87▼
2024 · 1.62
ROE
40.1%▲
2024 · 5.2%
Interest coverage
5.72▲
2024 · 3.39
Debt ≤ 1 year
€1.6m▼
2024 · €2.3m
Debt > 1 year
€848,021▼
2024 · €1.5m
Income taxes
€73,098▲
2024 · €37,479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €39,749 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,818 | €13,100 | €14,711 | €3,950 | ▼ 73.1% |
| Other operating charges640/8 | €4,316 | €1,836 | €3,382 | €3,797 | ▲ 12.3% |
| Gross operating margin9900 | €536,110 | €208,233 | €216,587 | €291,155 | ▲ 34.4% |
| Operating profit (loss)9901 | €477,226 | €193,296 | €198,494 | €283,408 | ▲ 42.8% |
| Financial income75/76B | €286,765 | €136,850 | €27,344 | €984,044 | ▲ 3,499% |
| Recurring financial income75 | €286,765 | €136,850 | €27,344 | €984,044 | ▲ 3,499% |
| Financial charges65/66B | €53,207 | €70,016 | €62,890 | €50,247 | ▼ 20.1% |
| Recurring financial charges65 | €53,207 | €70,016 | €62,890 | €50,247 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €710,784 | €260,130 | €162,949 | €1.2m | ▲ 647% |
| Income taxes67/77 | €104,000 | €30,165 | €37,479 | €73,098 | ▲ 95.0% |
| Profit (loss) for the period9904 | €606,784 | €229,965 | €125,470 | €1.1m | ▲ 812% |
| Profit (loss) for the period to be appropriated9905 | €606,784 | €229,965 | €125,470 | €1.1m | ▲ 812% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.5m | €6.1m | €6.3m | €5.3m | ▼ 15.7% |
| Fixed assets21/28 | €5.0m | €5.0m | €5.0m | €4.7m | ▼ 6.6% |
| Intangible fixed assets21 | - | €5,944 | €3,777 | €1,611 | ▼ 57.4% |
| Tangible fixed assets22/27 | €428,503 | €415,958 | €403,414 | €73,105 | ▼ 81.9% |
| Land and buildings22 | €427,951 | €415,680 | €403,410 | €73,105 | ▼ 81.9% |
| Furniture and vehicles24 | €552 | €278 | €4 | €0 | ▼ 100% |
| Financial fixed assets28 | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Current assets29/58 | €471,160 | €1.1m | €1.3m | €641,398 | ▼ 50.8% |
| Amounts receivable within one year40/41 | €468,754 | €1.1m | €1.3m | €631,788 | ▼ 50.6% |
| Trade receivables40 | €101,449 | €450,000 | €800,000 | €108 | ▼ 100.0% |
| Other amounts receivable41 | €367,305 | €613,385 | €478,637 | €631,680 | ▲ 32.0% |
| Cash at bank and in hand54/58 | €2,407 | €33,627 | €24,763 | €8,735 | ▼ 64.7% |
| Deferred charges and accrued income490/1 | - | €340 | €109 | €875 | ▲ 704% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.5m | €6.1m | €6.3m | €5.3m | ▼ 15.7% |
| Equity10/15 | €2.1m | €2.3m | €2.4m | €2.9m | ▲ 18.1% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | €605,184 | €833,483 | €957,235 | €1.4m | ▲ 45.8% |
| Amounts payable17/49 | €3.4m | €3.8m | €3.9m | €2.5m | ▼ 36.7% |
| Amounts payable after more than one year17 | €1.8m | €1.8m | €1.5m | €848,021 | ▼ 45.1% |
| Financial debts170/4 | €1.8m | €1.8m | €1.5m | €848,021 | ▼ 45.1% |
| Amounts payable within one year42/48 | €1.6m | €2.0m | €2.3m | €1.6m | ▼ 31.0% |
| Current portion of amounts payable after more than one year42 | €231,790 | €258,954 | €265,301 | €471,875 | ▲ 77.9% |
| Financial debts43 | €120,000 | €0 | - | - | - |
| Credit institutions430/8 | €120,000 | €0 | - | - | - |
| Trade debts44 | €8,665 | €1,279 | €5,750 | €14,426 | ▲ 151% |
| Suppliers440/4 | €8,665 | €1,279 | €5,750 | €14,426 | ▲ 151% |
| Taxes, remuneration and social security45 | €197,789 | €151,238 | €91,486 | €174,087 | ▲ 90.3% |
| Taxes450/3 | €175,618 | €144,525 | €77,741 | €167,162 | ▲ 115% |
| Remuneration and social security454/9 | €22,171 | €6,713 | €13,745 | €6,925 | ▼ 49.6% |
| Other amounts payable47/48 | €1.0m | €1.6m | €2.0m | €949,365 | ▼ 51.8% |
| Accrued charges and deferred income492/3 | €13,500 | €30,973 | €26,769 | €14,500 | ▼ 45.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €606,784 | €229,965 | €125,470 | €1.1m | ▲ 812% |
| + Depreciation and write-downs630 | €14,818 | €13,100 | €14,711 | €3,950 | ▼ 73.1% |
| Operating cash flow (approximation) | €621,603 | €243,066 | €140,181 | €1.1m | ▲ 719% |
| Investment in fixed assets (approximation) | - | -€6,500 | €0 | €328,525 | - |
| Change in cash | - | €31,221 | -€8,865 | -€16,027 | ▼ 80.8% |
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
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2022net €1.1m ▲812%
Net result €1.1m, the highest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €125,470 ▼45.4%
Net result drops to €125,470, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oostende · 1 establishment unit since 2022
Ground area
579 m²
Building footprint
452 m²
Volume, LiDAR
8,054 m³
Parcel 35013A1595/00T034, Flanders · tallest building 27.4 m, ±8 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
BISTRO BELLINO
since 20222.326.576.771
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1595/00T034 | Flanders | 579 m² | 1 · 452 m² | 27.4 m · 8 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 owners · 2 holdingsOwners 2
- Bjorn Myllenatural personSourceown accounts 202550%
- Carla Van Dorpenatural personSourceown accounts 202550%
Holdings 2
- COCOON OOSTENDE UITBATINGsubsidiaryEquity €8,000Result €446,290100%
-
100%
According to the 2025 annual accounts 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
2022 · 1 entry · 2,340 EUR awarded · 2,340 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,340 EUR | 2,340 EUR |
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 1,518 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
Founded24-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Contact
Website
www.bistro-bellino.be
Phone
056/25/43/54
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779356396
Also
9925:BE0779356396
Registered
24-06-2025
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.