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BELCO FINANCE

Active
Private limited companyfounded 2013active for 12 yearsHenri Pirennelaan 19, 1180 Ukkel, BelgiumKBO/BCE: BE 0543.374.204
Summary

BELCO FINANCE has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,882 and a net result of €80,820. Equity has been shrinking by about 2.6% per year since 2018. Its solvency ranks better than 17% of 8,584 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 17-12-2013 Normal situation
Activity
Public relations and communication consultancy NACE 73300and 1 other
Establishment unit
2.225.750.122 1050 Elsene, since 17-12-2013
Financial year end
31 December
Peppol
Reachable since 24-11-2025

Board and ownership

Board
Shareholders
  • Benjamin AUBRYannual accounts 2020
  • Suzanne VAN MOORSELannual accounts 2020

Financial position

86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€131,829
▼ 40.1%
Turnover
≈ €240,000
estimated
Profit
€80,820
▼ 45.8%
Equity
€23,882
▼ 88.2%
Total assets
€331,080
▼ 27.4%
Score breakdownraises riskEquity €23,882 (7.2% of total assets)lowers riskSize: total assets €331,080Liquidity: current ratio 0.33, cash €73,580Founded in 2013Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 29% of micro companies in advertising and market research (NACE 73)
Financial strength · tick: 2024
Average
Solvency 32-38
equity 7.2% of total assets
Liquidity 28-36
short-term debt 89.6% · cash 22.2%
Profitability 99-1
return on assets 24.4%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,227 companies, NACE 73, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.1%▼ -0.1 percentage points vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.33 (0.93 in 2024), below 1. Short-term debt is 89.6% and cash 22.2% of total assets. 92.8% of the assets are financed with debt and provisions.
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 73, micro). It does better than 18% of them on solvency, 15% on liquidity, 76% on profitability and 6% on growth.

The bankruptcy probability was computed on 03-11-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Equity €23,882 (7.2% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €331,080
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.33, cash €73,580
NBB · annual accounts
lowers risk · Founded in 2013
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 8584 sector peers (2025).
NBB · sector comparison
Position among 8584 sector peers
Solvency
better than 17%
← weakest strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 days early
2024
16 days early
2023
37 days early
2022
32 days early
2021
41 days early
2020
24 days late
2019
84 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Equity fell in 2025from €203,063 to €23,882 ▼ 88.2% View
  • Caution: Lower solvency than 83% of companies in advertising and market researchsector median 53.4% · 8,584 companies 7.2% View
  • Positive: 7 profitable years in a rowprofit 2025: €80,820 7 years View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

Recent changes

  1. · Gazette deed Changes of role: AUBRY Benjamin Claude Christophe (director) and vAN MOORSEL Suzanne (director)
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as BELCO FINANCE: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €307,000 and €403,000, founded between 2013 and 2014.

CompanyTotal assetsGross margin
BELCO FINANCE Ukkel€331,080€131,829
Bref Conseil Ukkel€385,380€130,166
NS Management Ukkel€400,328€121,650
ALBUS PARTNERS Brussel€325,541€125,352
FRESH INTEGRAL COMMUNICATION Oudergem€403,266€121,254
House of Communications Aalst€344,062€135,558
R CONSEILS Jemeppe-sur-Sambre€307,079€119,568
Full comparison

Key facts about BELCO FINANCE

What is the company number of BELCO FINANCE?
The company number of BELCO FINANCE is 0543.374.204. The VAT number is the same number with BE in front: BE 0543.374.204.
Where is BELCO FINANCE based?
The registered office is at Henri Pirennelaan 19, 1180 Ukkel.Company details
What does BELCO FINANCE do?
According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
What is the legal form of BELCO FINANCE?
The legal form of BELCO FINANCE is Private limited company (BV).
When was BELCO FINANCE founded?
BELCO FINANCE was founded on 17-12-2013.
Is BELCO FINANCE still active?
Yes, BELCO FINANCE is an active enterprise in the KBO register.
What is the turnover of BELCO FINANCE?
The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €131,829 and 38 comparable companies (NACE 73). It probably lies between €180,000 and €480,000.Financials
Is BELCO FINANCE profitable?
In financial year 2025, BELCO FINANCE made a profit of €80,820.
Where can I find the annual accounts of BELCO FINANCE?
BELCO FINANCE filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BELCO FINANCE due?
BELCO FINANCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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