BELCOLOR & CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BELCOLOR & CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €33,369 and a net result of -€4,436. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 28374 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+14
Solvency56▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.68 in 2024; short-term debt: 37% and cash: 0.3% of total assets), and 69.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.6%
Return on assets
-4.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,436
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
23 d late
2023
15 d late
2022
27 d late
2021
30 d late
2020
30 d late
2019
31 d late
← 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 27 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€33,369▼ 11.7%
2024 · €37,805
Total assets
€109,052▲ 25.7%
2024 · €86,780
Net result
-€4,436▲ 52.0%
2024 · -€9,239
Working capital
€14,727▼ 34.5%
2024 · €22,474
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€717▲ 89.0%€11,916€14,977▲ 25.7%-€7,120-€2,179▲ 69.4%
Net result-€2,134below the sector's middle half▲ 73.3%€10,104within the sector's middle half€10,427within the sector's middle half▲ 3.2%-€9,239below the sector's middle half-€4,436below the sector's middle half▲ 52.0%
Equity€26,513within the sector's middle half▼ 7.4%€36,617within the sector's middle half▲ 38.1%€47,044within the sector's middle half▲ 28.5%€37,805within the sector's middle half▼ 19.6%€33,369within the sector's middle half▼ 11.7%
Total assets€104,002within the sector's middle half▲ 3.7%€59,560below the sector's middle half▼ 42.7%€100,660within the sector's middle half▲ 69.0%€86,780within the sector's middle half▼ 13.8%€109,052within the sector's middle half▲ 25.7%
Debt€77,489▲ 8.2%€22,943▼ 70.4%€53,616▲ 134%€48,975▼ 8.7%€75,683▲ 54.5%
Working capital€6,068within the sector's middle half▼ 19.2%€22,597within the sector's middle half▲ 272%€27,070within the sector's middle half▲ 19.8%€22,474within the sector's middle half▼ 17.0%€14,727within the sector's middle half▼ 34.5%
Solvency25.5%within the sector's middle half▼ 3.1pp61.5%within the sector's middle half▲ 36.0pp46.7%within the sector's middle half▼ 14.7pp43.6%within the sector's middle half▼ 3.2pp30.6%within the sector's middle half▼ 13.0pp
Current ratio1.10below the sector's middle half▼ 0.102.29within the sector's middle half▲ 1.191.84within the sector's middle half▼ 0.451.68within the sector's middle half▼ 0.161.37within the sector's middle half▼ 0.31
Return on assets (ROA)-2.1%below the sector's middle half▲ 5.9pp17.0%within the sector's middle half▲ 19.0pp10.4%within the sector's middle half▼ 6.6pp-10.6%below the sector's middle half▼ 21.0pp-4.1%below the sector's middle half▲ 6.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,179 in 2025 against €7,120 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,052
Fixed assets
€54,007 ▲ 72.9%
Current assets
€55,045 ▼ 0.9%
Equity and liabilities €109,052
Equity
€33,369 ▼ 11.7%
Debt
€75,683 ▲ 54.5%
Debt's share of the balance-sheet total rises from 56.4% to 69.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11,315▲
2024 · €8,455
Cash flow
€9,058▲
2024 · €6,336
Debt to equity
2.27▲
2024 · 1.30
ROE
-13.3%▲
2024 · -24.4%
Interest coverage
5.32▲
2024 · 4.63
Debt ≤ 1 year
€40,318▲
2024 · €33,078
Debt > 1 year
€35,365▲
2024 · €14,750
Income taxes
€147▼
2024 · €291
Staff costs
€290▲
2024 · €267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €12,151 | - |
| Remuneration, social security and pensions62 | €677 | €509 | €1,037 | €267 | €290 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,759 | €22,234 | €14,072 | €15,575 | €13,494 | ▼ 13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€3,627 | -€3,050 | -€95 | - | - |
| Other operating charges640/8 | €1,576 | €2,737 | €2,619 | €2,387 | €2,482 | ▲ 4.0% |
| Gross operating margin9900 | €23,295 | €33,769 | €29,655 | €11,014 | €14,087 | ▲ 27.9% |
| Operating profit (loss)9901 | -€717 | €11,916 | €14,977 | -€7,120 | -€2,179 | ▲ 69.4% |
| Financial income75/76B | - | €1 | €175 | - | €18 | - |
| Recurring financial income75 | - | €1 | €175 | - | €18 | - |
| Non-recurring financial income76B | - | - | €175 | - | - | - |
| Financial charges65/66B | €1,417 | €1,607 | €2,165 | €1,828 | €2,128 | ▲ 16.4% |
| Recurring financial charges65 | €1,417 | €1,607 | €2,165 | €1,828 | €2,128 | ▲ 16.4% |
| Profit (loss) for the period before taxes9903 | -€2,134 | €10,310 | €12,987 | -€8,948 | -€4,289 | ▲ 52.1% |
| Income taxes67/77 | - | €206 | €2,560 | €291 | €147 | ▼ 49.5% |
| Profit (loss) for the period9904 | -€2,134 | €10,104 | €10,427 | -€9,239 | -€4,436 | ▲ 52.0% |
| Profit (loss) for the period to be appropriated9905 | -€2,134 | €10,104 | €10,427 | -€9,239 | -€4,436 | ▲ 52.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,002 | €59,560 | €100,660 | €86,780 | €109,052 | ▲ 25.7% |
| Fixed assets21/28 | €39,839 | €19,492 | €41,338 | €31,228 | €54,007 | ▲ 72.9% |
| Tangible fixed assets22/27 | €39,749 | €19,402 | €41,248 | €31,138 | €53,917 | ▲ 73.2% |
| Plant, machinery and equipment23 | €10,351 | €7,118 | €6,678 | €6,941 | €4,028 | ▼ 42.0% |
| Furniture and vehicles24 | €24,788 | €12,284 | €7,210 | €2,966 | €1,739 | ▼ 41.4% |
| Leasing and similar rights25 | €4,610 | €0 | €27,360 | €21,231 | €48,150 | ▲ 127% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €64,163 | €40,068 | €59,322 | €55,552 | €55,045 | ▼ 0.9% |
| Amounts receivable within one year40/41 | €56,298 | €29,568 | €51,987 | €42,940 | €49,187 | ▲ 14.5% |
| Trade receivables40 | €48,535 | €29,034 | €51,651 | €39,856 | €48,541 | ▲ 21.8% |
| Other amounts receivable41 | €7,763 | €534 | €336 | €3,084 | €646 | ▼ 79.1% |
| Cash at bank and in hand54/58 | - | €5,216 | €1,834 | €8,048 | €337 | ▼ 95.8% |
| Deferred charges and accrued income490/1 | €7,865 | €5,284 | €5,501 | €4,564 | €5,521 | ▲ 21.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,002 | €59,560 | €100,660 | €86,780 | €109,052 | ▲ 25.7% |
| Equity10/15 | €26,513 | €36,617 | €47,044 | €37,805 | €33,369 | ▼ 11.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €18,453 | €28,557 | €38,984 | €29,745 | €25,309 | ▼ 14.9% |
| Amounts payable17/49 | €77,489 | €22,943 | €53,616 | €48,975 | €75,683 | ▲ 54.5% |
| Amounts payable after more than one year17 | €19,394 | €5,472 | €21,364 | €14,750 | €35,365 | ▲ 140% |
| Financial debts170/4 | €19,394 | €5,472 | €21,364 | €14,750 | €35,365 | ▲ 140% |
| Amounts payable within one year42/48 | €58,095 | €17,471 | €32,252 | €33,078 | €40,318 | ▲ 21.9% |
| Current portion of amounts payable after more than one year42 | €15,046 | €13,922 | €9,115 | €6,546 | €12,126 | ▲ 85.2% |
| Financial debts43 | €5,747 | €1,998 | €732 | €2,459 | €2,226 | ▼ 9.5% |
| Credit institutions430/8 | €5,747 | €1,998 | €732 | €2,459 | €2,226 | ▼ 9.5% |
| Trade debts44 | €22,958 | €1,388 | €13,045 | €11,301 | €21,564 | ▲ 90.8% |
| Suppliers440/4 | €22,958 | €808 | €7,068 | €11,301 | €21,564 | ▲ 90.8% |
| Bills of exchange payable441 | - | €580 | €5,977 | - | - | - |
| Taxes, remuneration and social security45 | €13,750 | €158 | €9,360 | €12,751 | €4,402 | ▼ 65.5% |
| Taxes450/3 | - | €158 | €2,560 | €2,851 | €402 | ▼ 85.9% |
| Remuneration and social security454/9 | €13,750 | - | €6,800 | €9,900 | €4,000 | ▼ 59.6% |
| Other amounts payable47/48 | €594 | €5 | - | €21 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,147 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,134 | €10,104 | €10,427 | -€9,239 | -€4,436 | ▲ 52.0% |
| + Depreciation and write-downs630 | €21,759 | €22,234 | €14,072 | €15,575 | €13,494 | ▼ 13.4% |
| Operating cash flow (approximation) | €19,625 | €32,338 | €24,499 | €6,336 | €9,058 | ▲ 43.0% |
| Investment in fixed assets (approximation) | - | -€1,887 | -€35,918 | -€5,465 | -€36,273 | ▼ 564% |
| Change in cash | - | - | -€3,382 | €6,214 | -€7,711 | ▼ 224% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Weakest financial yearnet -€9,239
Net result drops to -€9,239, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Back to profitnet €10,104
Net result €10,104 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.29
Current ratio from 1.10 to 2.29; short-term debt falls from €58,095 to €17,471.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €34,811 ▲771%
Operating result €36,084, net result €34,811, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Agatha-Berchem · 1 establishment unit since 2016
Ground area
229 m²
Building footprint
117 m²
Volume, LiDAR
1,308 m³
Parcel 21003A0253/00E004, Brussels · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BELCOLOR & CONSTRUCT
since 20162.252.727.802
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0253/00E004 | Brussels | 229 m² | 1 · 117 m² | 13.9 m · 4 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.
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Of 15,518 companies in this sector we hold annual accounts for 7,426. 5,786 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded03-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
81230Other cleaning activities
Contact
E-mail
nick.coti@yahoo.comSint-Agatha-Berchem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0653771585
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.