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BELCOAT

Active
Private limited companyfounded 2024active for 2 yearsIndustriestraat 37, 8755 Wingene, BelgiumKBO/BCE: BE 1009.184.634
Summary

BELCOAT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,695 and a net result of €35,695. Its solvency ranks better than 17% of 1,235 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

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BELCOATActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110Coating of metals NACE 25510
1 site
Size
€762,497total assets 2025
Staff
1.1 FTE
Equity
€135,695
Profit
€35,695
Turnover not published (abbreviated format)
Financial health
67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
2025 accounts 3 days early
Why 67raises riskFounded in 2024lowers riskSize: 1.1 FTE, total assets €762,497Figures for financial year 2025 (filed 28-07-2026)Liquidity: current ratio 0.99, cash €125,627Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 37% of its sector peers (NACE 25, micro)
Every signal that counts is listed under Signals.
Financial strength
Average
Solvency 43
equity 17.8% of total assets
Liquidity 48
short-term debt 46.2% · cash 16.5%
Profitability 75
return on assets 4.7%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,701 companies, NACE 25, micro)
Last 24 months 06-2025: 1.8% 07-2025: 1.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.9%● unchanged vs 07-2025 09-2025: 2.4%▲ +0.5 percentage points vs 08-2025 10-2025: 2.4%● unchanged vs 09-2025 11-2025: 2.7%▲ +0.3 percentage points vs 10-2025 12-2025: 2.9%▲ +0.2 percentage points vs 11-2025 01-2026: 3.0%▲ +0.1 percentage points vs 12-2025 02-2026: 2.9%▼ -0.1 percentage points vs 01-2026 03-2026: 2.9%● unchanged vs 02-2026 04-2026: 3.1%▲ +0.2 percentage points vs 03-2026 05-2026: 3.2%▲ +0.1 percentage points vs 04-2026 06-2026: 3.3%▲ +0.1 percentage points vs 05-2026highest value 07-2026: 3.3%● unchanged vs 06-2026highest value 08-2026: 0.8%▼ -2.5 percentage points vs 07-2026lowest value 09-2026: 0.8%● unchanged vs 08-2026lowest value 10-2026: 0.8%● unchanged vs 09-2026lowest value
Credit of up to €9,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity insufficient (current ratio 0.99, below 1; short-term debt: 46.2% and cash: 16.5% of total assets), and 82.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 25, micro): better than 20% on solvency, 40% on liquidity and 50% on profitability.

The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: 1.1 FTE, total assets €762,497
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 28-07-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.99, cash €125,627
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1235 sector peers (2025).
NBB · sector comparison
Position among 1235 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 28-07-2026, 3 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
3 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. IncorporationAppointments: DE BEL Piet Paul…

Key points

  • Caution: Among the weakest 18% on solvencysector median 46.4% · 1,235 companies 17.8% View
  • Board2 directors in office 2 View
  • Total assets 2025first financial year filed €762,497 View

By topic

Financials

Financial year
2025
Total assets
€762,497
Profit
€35,695
Solvency
17.8%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
07-05-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about BELCOAT

What is the company number of BELCOAT?
1009.184.634. In Belgium the VAT number is the company number with BE in front: BE 1009.184.634.
Where is BELCOAT based?
The registered office is at Industriestraat 37, 8755 Wingene.Company details
What does BELCOAT do?
According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
What is the legal form of BELCOAT?
Private limited company (BV).
When was BELCOAT founded?
On 07-05-2024.
Is BELCOAT still active?
Yes, BELCOAT is an active enterprise in the KBO register.
How many employees does BELCOAT have?
On average 1.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BELCOAT?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BELCOAT profitable?
In financial year 2025, BELCOAT made a profit of €35,695.
Where can I find the annual accounts of BELCOAT?
BELCOAT filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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